Document:

Exhibit 10.2

 

EXECUTION
VERSION

 

 

 

 

PURCHASE
and Sale AGREEMENT

 

 

by and between

 

PATTERN ENERGY GROUP INC.,

Purchaser

 

and

 

GREEN POWER INVESTMENT CORPORATION,

Seller

 

 

Dated as of

 

February 26, 2018

 

 

Interests

 

in

 

green
power tsugaru GK

 

 

 

     

     

    

list of
APPENDICES

 

	Appendix A-1	General Definitions 
	 	 
	Appendix A-2	Rules of Construction
	 	 
	Appendix B	Transaction Terms and Conditions
	 	 
	Appendix C	Acquired Interests; Ownership Structure; and Project Information
	 	 
	Appendix D	Documents and Key Counterparties
	 	 
	Appendix E	Affiliate Transactions
	 	 

     

     

    

PURCHASE
and Sale AGREEMENT

 

THIS PURCHASE
and Sale AGREEMENT (this “Agreement”), dated as of February 26, 2018, is made by and between Pattern
Energy Group Inc., a Delaware corporation (“Purchaser”),
and Green Power Investment Corporation, a Japanese corporation (the “Seller”). Capitalized terms used
in this Agreement shall have the respective meanings specified in Appendix A-1 attached hereto.

 

RECITALS

 

WHEREAS, Seller owns
100.00% of the equity interests in Green Power Tsugaru Holdings GK, a Japanese godo kaisha (“HoldCo”,
as described on Part I of Appendix C attached hereto), which owns 5.00% of the membership interests in Green Power
Tsugaru GK, a Japanese godo kaisha, (the “Project Company”, as described on Part I of Appendix
C), which owns and operates the wind project (the “Project”, as described on Part II of Appendix
C); and

 

WHEREAS, Seller desires
to sell to Purchaser or a Subsidiary thereof (a “Subsidiary Purchaser”), and Purchaser desires to purchase
(or cause such Subsidiary Purchaser to purchase) from Seller, the Acquired Interests defined and described in Part I of
Appendix C attached hereto (the “Acquired Interests”).

 

NOW, THEREFORE, in
consideration of the foregoing premises and the mutual terms, conditions and agreements set forth herein, and for other good and
valuable consideration the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties
hereby agree as follows:

 

ARTICLE 1

PURCHASE AND SALE OF THE ACQUIRED INTERESTS

 

1.1  Agreement
to Sell and Purchase. Subject to the satisfaction or waiver (by the party for whose benefit such condition exists) of the conditions
set forth in Article ‎5 and the other terms and conditions of this Agreement, at the Closing (a) Seller shall sell,
assign, transfer and convey (or, if applicable, cause the applicable Subsidiary Transferor to sell, assign, transfer and convey)
the Acquired Interests to Purchaser (or, if applicable, the Subsidiary Purchaser), and (b) the Purchaser shall (or shall cause
the applicable Subsidiary Purchaser to) purchase the Acquired Interests from Seller (or, if applicable, the Subsidiary Transferor),
for the Purchase Price set forth in Part I of Appendix B (subject to the adjustments set forth therein) (the “Purchase
Price”).

 

1.2  Signing
Date Deliverables. On or prior to the date of this Agreement, Seller has delivered or is delivering to Purchaser the Financial
Model for the Project Company as of the date hereof. On the date of this Agreement each of Seller and Purchaser shall deliver to
the other party the deliverables set forth in Part II of Appendix B.

 

1.3  Purchase
Price. The purchase price payable by the Purchaser (or, if applicable, the Subsidiary Purchaser) to Seller (or, if applicable,
the Subsidiary Transferor) for the Acquired Interests at Closing shall be the Initial Purchase Price. The Initial Purchase Price
shall be subject to adjustment by the Purchase Price Adjustment (if any) and/or the Post-Closing Adjustment (if

 

     

     

    

any) and/or the Deferred
Purchase Price (if any), each as set forth in Part I of Appendix B. All payments of the Initial Purchase Price, any
Purchase Price Adjustment and any Post-Closing Adjustment with respect thereto and any Deferred Purchase Price shall be paid by
wire transfer of same day funds in the applicable Currency to the applicable accounts set forth in Part I of Appendix
B.

 

1.4  The
Closing. The closing of the transactions contemplated by this Agreement (the “Closing”) will take
place on the date and at the location specified in Part III of Appendix B or such other time and place as the parties
hereto shall mutually agree (including Closing by facsimile or “PDF” electronic mail transmission exchange of executed
documents or signature pages followed by the exchange of originals as soon thereafter as practicable), and will be effective as
of 12:01 a.m. Eastern Time on the day the Closing occurs.

 

1.5  Conduct
of Closing.

 

(a)  At
or prior to the Closing, Seller shall deliver, or cause to be delivered, to the Purchaser:

 

		(i)	the original certificates representing the Acquired Interests duly endorsed for transfer by Seller
(or, if applicable, the Subsidiary Transferor) to the Purchaser (or, if applicable, the Subsidiary Purchaser) or with appropriate
powers with respect thereto duly endorsed by Seller (or, if applicable, such Subsidiary Transferor); provided, that if the Acquired
Interests are not in certificated form, Seller shall deliver to the Purchaser a duly executed assignment agreement or other instrument
conveying such Acquired Interests to the Purchaser in form and substance reasonably acceptable to the Purchaser;

 

		(ii)	any other documents and certificates contemplated by Article ‎4 and Article ‎5
hereof to be delivered by or on behalf of Seller, including the certificate referred to in Section ‎5.2(d);

 

		(iii)	not less than five (5) Business Days prior to its delivery of a Closing Notice, Seller shall deliver
to the Purchaser (A) an updated Financial Model for the Project, which shall be revised pursuant to Part I of Appendix
B and which shall be used to determine the Purchase Price Adjustment applicable to the Initial Payment; and (B) a detailed
calculation of the proposed Purchase Price Adjustment applicable to the Initial Payment. The Purchaser shall have a period of two
(2) Business Days to review and confirm the updates to the Financial Model and the calculation of the Purchase Price Adjustment
applicable to the Initial Payment. If the Purchaser disapproves of such updates to the Financial Model and/or the calculation of
the Purchase Price Adjustment applicable to the Initial Payment, the parties shall have a further period of two (2) Business Days
to negotiate same. In the event that the parties

 

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cannot agree
on such updates to the Financial Model and/or calculation of the Purchase Price Adjustment applicable to the Initial Payment (acting
reasonably) following such two (2) Business Day period, (x) the parties shall resolve any dispute in accordance with the procedures
set forth in Section ‎7.4 (which, for the avoidance of doubt, shall not delay the Closing Date) and (y) the amount
in dispute shall be retained by the Purchaser until the dispute is resolved as aforesaid. Subject to the foregoing, Seller shall
deliver to Purchaser a signed direction containing the final determination of the Initial Purchase Price (less any disputed amount)
for the Purchaser not less than two (2) Business Days prior to the Closing Date; and

 

		(iv)	any other Closing deliverables set forth in Appendix B-1.

 

(b)  At
or prior to the Closing, the Purchaser shall deliver to Seller:

 

		(i)	the documents and certificates contemplated by Article ‎4 and Article ‎5
hereof to be delivered by or on behalf of the Purchaser, including the certificate referred to in Section ‎5.3(d); and

 

		(ii)	any other Closing deliverables set forth in Appendix B-2.

 

1.6  Withholding.
Notwithstanding any provision contained herein to the contrary, Purchaser shall be entitled to deduct and withhold from the Purchase
Price or any payment otherwise payable to any Person pursuant to this Agreement such amounts as it is required to deduct and withhold
under any provision of applicable Laws. If Purchaser so withholds, the amounts withheld shall be treated for all purposes of this
Agreement as having been paid to the Person in respect of whom Purchaser made such deduction or withholding.

 

ARTICLE 2

REPRESENTATIONS AND WARRANTIES OF SELLER

 

Except as set forth
in, or qualified by any matter set forth in, the Schedules attached hereto, Seller hereby represents and warrants to Purchaser
as set forth in this Article ‎2 as of (a) the date hereof and (b) if the Closing Date is not the date of this Agreement,
the Closing Date, in each case, unless otherwise specified in the representations and warranties below, in which case the representation
and warranty is made as of such date. Whether or not a particular Section of this Article ‎2 refers to a specific, numbered
Schedule, such Section shall, to the extent applicable, be subject to the exceptions, qualifications, and other matters set forth
in the Schedules to the extent that the relevance of such exceptions, qualifications or other matters is reasonably apparent on
the face thereof.

 

2.1  Organization
and Status. Each of Seller and each Subsidiary Transferor (a) is duly formed, validly existing and in good standing under
the laws of the jurisdiction of its formation as set forth in the preamble to this Agreement or Part I of Appendix C,
as applicable, (b) is duly qualified, authorized to do business and in good standing (or the equivalent under Japan law) in
each other jurisdiction where the character of its properties or the nature of its

 

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activities makes such
qualification necessary, and (c) has all requisite power and authority to own or hold under lease the property it purports
to own or hold under lease and to carry on its business as now being conducted. Seller has made available to Purchaser complete
and correct copies of the Organization Documents for Seller, each Subsidiary Transferor, HoldCo and each of its Subsidiaries. Part
I of Appendix C sets forth a list of each Subsidiary of HoldCo and for each Subsidiary: (a) its name, (b) the number
and type (as applicable) of its outstanding equity interests and a list of the holders thereof and (c) its jurisdiction of organization.
Holdco and each Subsidiary of HoldCo is a legal entity duly formed, validly existing and in good standing (or the equivalent under
Japan law) under the Laws of the jurisdiction of its formation and has all requisite organizational power and authority to own,
lease and operate its properties and to carry on its business as it is now being conducted, and is duly qualified, registered or
licensed to do business as a foreign entity and is in good standing (or the equivalent under Japan law) in each jurisdiction in
which the property owned, leased or operated by such Person or the nature of the business conducted by such Person makes such qualification
necessary, except where the failure to be so duly qualified, registered or licensed and in good standing (or the equivalent under
Japan law) would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

2.2  Power;
Authority; Enforceability. Each of Seller and each Subsidiary Transferor has the legal capacity and power to enter into, deliver
and perform its obligations under this Agreement and has been duly authorized, in accordance with its Organization Documents, to
enter into, deliver and perform its obligations under this Agreement. This Agreement has been duly executed and delivered by Seller
and constitutes the legal valid and binding obligation of Seller, enforceable against it in accordance with its terms, except as
may be limited by applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting the enforcement of creditors’
rights generally and subject to general principles of equity regardless of whether enforceability is considered in a proceeding
in equity or at law.

 

2.3  No
Violation. The execution, delivery and performance by Seller of its obligations under this Agreement, and the performance by
each Subsidiary Transferor of this Agreement, in each case, including without limitation the sale of the Acquired Interests to
the Purchaser, do not, and will not, (a) violate any Governmental Rule to which Seller, any Subsidiary Transferor, HoldCo
or any of its Subsidiaries is subject or the Organization Documents of Seller, any Subsidiary Transferor, HoldCo or any of its
Subsidiaries, (b) result in the creation or imposition of any Lien (other than a Permitted Lien) upon the Acquired Interests,
HoldCo or any of its Subsidiaries, (c) conflict with, result in a breach of, constitute a default under, result in the acceleration
of, create in any party the right to accelerate, terminate, modify or cancel or require any notice under any agreement, contract,
lease, license, instrument or other arrangement to which Seller, any Subsidiary Transferor, HoldCo or any of its Subsidiaries is
a party or by which any such Person is bound, (d) other than as set forth in Part VII of Appendix B, conflict
with, result in a breach of, constitute a default under, result in the acceleration of, or create in any party the right to accelerate,
terminate, modify or cancel or require any Consent under any Material Contract or (e) other than as set forth in Part VII
of Appendix B, require any notice under any Material Contract, except in the case of this clause (e), as would not reasonably
be expected to be material in the context of the Project or otherwise prevent or materially impair or materially delay the consummation
of the transactions contemplated by this Agreement.

 

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2.4  No
Litigation.

 

(a)  None
of Seller, the Subsidiary Transferor or any of its Subsidiaries is a party to or has received written notice of any pending or,
to the Knowledge of Seller, threatened litigation, action, suit, proceeding or governmental investigation against Seller, the Subsidiary
Transferor or any of its Subsidiaries which would reasonably be expected to be material to the ownership of the Acquired Interests
or which seeks the issuance of an order restraining, enjoining, altering or materially delaying the consummation of the transactions
contemplated by this Agreement.

 

(b)  None
of HoldCo or any of its Subsidiaries is a party to or has received written notice of any pending or, to the Knowledge of Seller,
threatened litigation, action, suit, proceeding or governmental investigation which would reasonably be expected to be material
to HoldCo or any of its Subsidiaries or the Project or which seeks the issuance of an order restraining, enjoining, altering or
materially delaying the consummation of the transactions contemplated by this Agreement.

 

(c)  There
are no material disputes with any counterparty to a Material Contract, nor has HoldCo or any of its Subsidiaries made any material
warranty claim under any Material Contract.

 

2.5  Consents
and Approvals. Except as set forth on Part VII of Appendix B, no Consent of any Governmental Authority is required
by or with respect to Seller, the Subsidiary Transferor, HoldCo or any of its Subsidiaries in connection with the execution and
delivery of this Agreement by Seller, or the consummation by Seller or any Subsidiary Transferor of the transaction contemplated
hereby, except for any Consents which if not obtained or made prior to the Closing would not reasonably be expected to prevent
or impair or delay the consummation of the transactions contemplated by this Agreement and which can be reasonably expected to
be obtained or made in the ordinary course after the Closing.

 

2.6  Acquired
Interests. Seller owns indirectly through the Subsidiary Transferor, of record and beneficially one hundred percent (100%)
of the equity interests of HoldCo. As of immediately prior to the Closing, HoldCo will own, of record and beneficially, the Acquired
Interests in the Project Company specified in Part I of Appendix C. Part I of Appendix C sets forth
the equity capitalization (or proposed equity capitalization) of HoldCo and each of its Subsidiaries. All of the interests described
in Part I of Appendix C have been duly authorized, validly issued and are fully-paid and non-assessable and, except
as set forth on Part I of Appendix C, there are no outstanding (i) equity interests or voting securities of HoldCo
or any of its Subsidiaries, (ii) securities of HoldCo or any of its Subsidiaries convertible into or exchangeable for any equity
interests or voting securities of HoldCo or any of its Subsidiaries or (iii) options or other rights to acquire from HoldCo or
any of its Subsidiaries, or other obligation of HoldCo or any of its Subsidiaries to issue, any equity interests or voting securities
or securities convertible into or exchangeable for equity interests or voting securities of HoldCo or any of its Subsidiaries,
or any obligations of HoldCo or any of its Subsidiaries to repurchase, redeem or otherwise acquire any of the foregoing. The Seller
(or, if applicable, each Subsidiary Transferor) has good and valid title to, and has, or will have, full power and authority to
convey, the Acquired Interests, as of the Closing Date. The Acquired Interests have been, or will be,

 

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validly issued, and are,
or will be, fully paid and non-assessable. No Person other than Purchaser has any written or oral agreement or option or any right
or privilege, whether by law, pre-emptive or contractual, capable of becoming an agreement or option for the purchase or acquisition
from Seller or any Subsidiary Transferor of any of the Acquired Interests. On the Closing Date, Seller (or, if applicable, the
Subsidiary Transferor) will convey to Purchaser good and valid title to the Acquired Interests free and clear of all Liens other
than any obligations imposed under the Organization Documents of HoldCo or its Subsidiaries or restrictions arising under applicable
securities laws.

 

2.7  Solvency.
There are no bankruptcy, reorganization or arrangement proceedings pending against, being contemplated by or, to the Knowledge
of Seller, threatened against, Seller or any Subsidiary Transferor, HoldCo or any of its Subsidiaries. None of Seller, any Subsidiary
Transferor, HoldCo or any of its Subsidiaries (a) has had a receiver, receiver and manager, liquidator, sequestrator, trustee
or other officer with similar powers appointed over all or part of its business or its assets, and to the Knowledge of Seller,
no application therefor is pending or threatened, (b) is insolvent or presumed to be insolvent under any law or is unable
to pay its debts as and when they fall due, (c) has made a general assignment for the benefit of its creditors, or (d) has
taken any action to approve any of the foregoing.

 

2.8  Compliance
with Law.

 

(a)  There
has been no actual violation by Seller or any Subsidiary Transferor of, or failure by Seller or any Subsidiary Transferor to comply
with, any Governmental Rule that is applicable to it, or allegation by any Governmental Authority of such a violation, that would
reasonably be expected to prevent or materially impair or delay the consummation of the transactions contemplated by this Agreement.

 

(b)  To
the Knowledge of Seller, there has been no actual violation by HoldCo or any of its Subsidiaries of or failure by HoldCo or any
of its Subsidiaries to comply with any Governmental Rule that is applicable to it, or allegation by any Governmental Authority
of such a violation, that would reasonably be expected to be material and relates to the Project or would otherwise reasonably
be expected to prevent or materially impair or delay the consummation of the transactions contemplated by this Agreement.

 

2.9  Taxes.

 

(a)  The
Project Company has been, at all times since August 1, 2014, a partnership or a disregarded entity for U.S. federal income tax
purposes.

 

(b)  The
Project Company has been, at all times since its formation, taxable as a corporation for Japanese tax purposes.

 

(c)  With
respect to HoldCo and its Subsidiaries, no jurisdiction or authority in or with which such entity does not file Tax Returns has
alleged that it is required to file Tax Returns, and there is no claim, audit, action, suit, proceeding or investigation now pending
or threatened against or with respect to any such entity.

 

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(d)  Each
of HoldCo and its Subsidiaries has timely filed all Tax Returns that it is required to file, has timely paid or has caused to be
timely paid all Taxes it is required to pay to the extent due (other than those Taxes that it is contesting in good faith and by
appropriate proceedings, with adequate and segregated reserves established for such Taxes) and, to the extent such Taxes are not
due, has established or caused to be established reserves that are adequate for the payment thereof as required by GAAP.

 

(e)  None
of HoldCo and its Subsidiaries has been a member of an affiliated, consolidated, combined or unitary group for any Tax purposes
other than one of which HoldCo or its Subsidiaries was the common parent, or made any election or participated in any arrangement
whereby any Tax liability or any Tax asset of HoldCo or its Subsidiaries was determined or taken into account for Tax purposes
with reference to or in conjunction with any Tax liability or any Tax asset of any other Person.

 

(f)  Each
of HoldCo and its Subsidiaries has withheld from each payment made to any Person, all amounts required by applicable Laws to be
withheld, and has remitted such withheld amounts within the prescribed periods to the appropriate Governmental Authorities.

 

(g)  Each
of HoldCo and its Subsidiaries has charged, collected and remitted on a timely basis all Taxes as required under applicable Laws
on any sale, supply or delivery whatsoever, made by it.

 

(h)  Each
of HoldCo and its Subsidiaries has maintained and continues to maintain at its place of business all records and books of account
required to be maintained under applicable Laws, including Laws relating to sales and use Taxes.

 

(i)  With
respect to each of HoldCo and its Subsidiaries, (i) no reassessments of the Taxes of it have been issued and are outstanding, (ii)
none of Seller, the Subsidiary Transferor or HoldCo has received any indication from any Governmental Authority that an assessment
or reassessment of it is proposed in respect of any Taxes, regardless of its merits, and (iii) it has not executed or filed with
any Governmental Authority any agreement or waiver extending the period for assessment, reassessment or collection of any Taxes.

 

(j)  None
of HoldCo or any of its Subsidiaries will be required to include for any Post-Closing Tax Period (i) any adjustment in taxable
income pursuant to Section 481 of the Code (or any corresponding or similar provision of state, local or non-U.S. Tax Laws) or
(ii) taxable income attributable to any prepaid amount received on or prior to the Closing Date or income economically realized
in any Pre-Closing Tax Period, including any distributions in a Pre-Closing Tax Period from an entity that is fiscally transparent
for Tax purposes and any income that would be includible in a Post-Closing Tax Period as a result of the installment method.

 

2.10  Unregistered
Securities. It is not necessary in connection with the sale of the Acquired Interests, under the circumstances contemplated
by this Agreement, to register such Acquired Interests under the Securities Act of 1933 (the “Securities Act”),
or under any other applicable securities laws.

 

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2.11  Broker’s
Fees. None of Seller, any Subsidiary Transferor, HoldCo or any of its Subsidiaries has any liability or obligation for any
fees or commissions to any broker, finder or agent with respect to the transactions contemplated by this Agreement.

 

2.12  Material
Contracts. Parts I, III, IV and V of Appendix D set forth, collectively, a list of all Material
Contracts. At or prior to the date hereof, Seller has provided Purchaser with, or access to, copies of all Material Contracts.
To the extent any obligations of or for the benefit of HoldCo or any of its Subsidiaries are outstanding under such Material Contracts
as of the Closing Date, each Material Contract is in full force and effect and constitutes the legal, valid, binding and enforceable
obligation of HoldCo or its Subsidiaries, as applicable, and, to the Knowledge of Seller, each other party thereto, in accordance
with its terms, except as such terms may be limited by (i) applicable bankruptcy, insolvency, moratorium, reorganization or similar
laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity, whether considered in
a proceeding in equity or at law. None of HoldCo nor any of its Subsidiaries, or to the Knowledge of Seller, any other party thereto
(i) is in breach of or default in any material respect under a Material Contract and, to the Knowledge of Seller, no event has
occurred and continuing which, with notice or the lapse of time or both, would constitute a material breach of or default under
a Material Contract or would give rise to any right of termination, cancellation, acceleration, amendment, suspension or revocation
of a Material Contract, or (ii) has received any written notice of termination or suspension of any Material Contract, and to the
Knowledge of Seller, no action is being taken by any Person to terminate or suspend any Material Contract.

 

2.13  Real
Property.

 

(a)  Except
as set forth in Part V of Appendix D, none of HoldCo or any of its Subsidiaries owns any real property. To the Knowledge
of Seller, no Governmental Authority has commenced the exercise of any eminent domain or similar power with respect to any Project
Company Real Property owned by HoldCo or any of its Subsidiaries, and there are no pending or, to the Knowledge of Seller, threatened
condemnation or eminent domain proceedings that affect any such Project Company Real Property.

 

(b)  HoldCo
and/or its Subsidiaries has good and valid title to or, subject to the terms and conditions of the Material Leases, the right to
use all Project Company Real Property, free and clear of all Liens other than Permitted Liens. With respect to the Project Company
Real Property it leases or on which it was granted servitudes or superficies pursuant to the Material Leases, HoldCo or its Subsidiaries,
as applicable, have peaceful and undisturbed nonexclusive possession under all Material Leases, servitudes or superficies under
which they are leasing or occupying property in accordance with the terms and conditions of the relevant Material Leases, servitude
or superficies and subject to the Permitted Liens. All rents and other payments under the Material Leases have been paid in full
to the extent due.

 

(c)  Except
as set forth in Schedule 2.13, the Project Company Real Property is sufficient to provide HoldCo and its Subsidiaries with continuous,
uninterrupted and, together with public roads, contiguous access to the Project sufficient for the operation and maintenance of
the Project as currently conducted. All utility services necessary for the construction and

 

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operation of the Project
for its intended purposes are available or are reasonably expected to be so available as and when required upon commercially reasonable
terms.

 

2.14  Permits.
Appendix C-1 sets forth a list of all material Permits acquired or held by HoldCo or its Subsidiaries in connection with
the operation of the Project.  HoldCo or its Subsidiaries (i) holds in full force and effect all Permits required for the
construction, operation, ownership and maintenance of the Project or, (ii) in the case of such Permits that are not, as of the
date hereof or as of the Closing Date, required for the then-present stage of development of the Project, reasonably expects such
Permits to be obtained in due course on commercially reasonable terms and conditions when needed, in each case, other than those
Permits required in connection with certain construction and maintenance activities which are ministerial in nature and can reasonably
be expected to be obtained in due course on commercially reasonable terms and conditions as and when needed.  Neither HoldCo
nor any of its Subsidiaries is in material default or material violation, and, to the Knowledge of Seller, no event has occurred
and continuing which, with notice or the lapse of time or both, would constitute a material default or material violation of, or
would give rise to any right of termination, cancellation, acceleration, amendment, suspension or revocation under, any of the
terms, conditions or provisions of any Permits held by HoldCo or its Subsidiaries.  There are no legal proceedings pending
or, to the Knowledge of Seller, threatened in writing, relating to the suspension, revocation or modification of any Permits held
by HoldCo or any of its Subsidiaries.

 

2.15  Environmental
Matters. Except as set forth in Part II of Appendix D, (i) HoldCo and its Subsidiaries, the Project Company Real
Property and the Project are in material compliance with all Environmental Laws, (ii) neither HoldCo nor any of its Subsidiaries
has caused or contributed to the release of any Hazardous Substances in any material respect, and (iii) neither Seller nor HoldCo
has received written notice from any Governmental Authority of any material Environmental Claim, or any written notice of any investigation,
or any written request for information, in each case, under any Environmental Law. None of Seller, each Subsidiary Transferor,
HoldCo or any of its Subsidiaries has given any release or waiver of liability that would waive or impair any material claim based
on the presence of Hazardous Substances in, on or under any real property, against a previous owner of any real property or against
any Person who may be potentially responsible for the presence of Hazardous Substances in, on or under any such real property.

 

2.16  Insurance.
The Insurance Consultant’s Report defined and described on Part II of Appendix D sets forth a list of all material
insurance maintained by or on behalf of HoldCo or any of its Subsidiaries (the “Insurance Policies”).
All Insurance Policies are now in full force and effect. All premiums with respect to the Insurance Policies covering all periods
to and including the date hereof have been paid and, with respect to premiums due and payable prior to Closing, will be so paid.
None of these Insurance Policies have lapsed and, to the Knowledge of Seller, there are no circumstances that have rendered such
insurance unenforceable, void or voidable. None of Seller, any Subsidiary Transferor, HoldCo or any of its Subsidiaries has received
any written notice in the past 12 months from the insurer under any Insurance Policies disclaiming coverage, reserving rights with
respect to a particular claim or such Insurance Policy in general or canceling or materially amending any such Insurance Policy.
Each of HoldCo and each of its Subsidiaries’ assets and properties are insured in amounts no less than as required by

 

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applicable Law, applicable
Permits or any Material Contract to which HoldCo or such Subsidiary is a party or by which its assets or properties are bound.

 

2.17  Financial
Model. The Financial Model has been prepared in good faith based on reasonable assumptions as to the estimates set forth therein
and is consistent in all material respects with the provisions of the Material Contracts.

 

2.18  Financial
Statements; No Undisclosed Liabilities; No Material Adverse Effect. The Financial Statements have been prepared in accordance
with GAAP applied on a consistent basis with prior periods, are correct and complete in all material respects and present fairly
in accordance with GAAP the assets, liabilities, financial condition and results of operations of HoldCo as at their respective
dates for the periods covered by the respective Financial Statements. None of HoldCo or any of its Subsidiaries has Indebtedness
other than (i) as disclosed in the Financial Statements or pursuant to the Material Contracts, (ii) incurred since the date of
the Financial Statements and disclosed on Appendix D, (iii) incurred after the date hereof in accordance with this Agreement,
including Section ‎4.1(a), and (iv) interest and fees accrued on any Indebtedness referred to in clause (i) after the
date of the Financial Statements. Except as set forth in the Financial Statements, neither HoldCo nor any of its Subsidiaries has
any liabilities that would be required to be disclosed on a balance sheet prepared in accordance with GAAP, other than any liabilities
incurred in the ordinary course of business since the date of the most recent balance sheet included in the Financial Statements
and any liabilities contained in the Material Contracts, other than liabilities thereunder arising from contractual breach. Since
the date of the most recent balance sheet included in the Financial Statements, no Material Adverse Effect has occurred.

 

2.19  Personal
Property. HoldCo or the Project Company has good and valid title to (or a valid leasehold interest in) the Personal Property
currently owned or used by HoldCo or the Project Company in the operation of the Project (other than Personal Property that individually
and in the aggregate are immaterial to such operations), and such title or leasehold interests are free and clear of Liens other
than Permitted Liens. All Personal Property that is material to the operation of the Project is in good operating condition and
repair, subject to normal wear and maintenance, and is usable in the ordinary course of business.

 

2.20  Employees.
None of HoldCo or any of its Subsidiaries has, or has ever had, any employees.

 

2.21  Employee
Benefits. None of HoldCo or any of its Subsidiaries has, or has ever had, any employee benefit plan (as such term is defined
in Section 3(3) of ERISA) and/or under similar provisions of Japanese laws.

 

2.22  Labor
Matters. None of HoldCo or any of its Subsidiaries is a party to any collective bargaining agreement with a labor union or
organization or any other Contract with any labor union or other employee representative of a group of employees.

 

2.23  Intellectual
Property. HoldCo or its Subsidiaries own, license or can acquire on reasonable terms the Intellectual Property necessary to
operate the Project. To the Knowledge of Seller, no Intellectual Property required to operate the Project infringes upon or otherwise

 

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violates any intellectual
property rights of any third party. There are no unresolved pending or, to the Knowledge of Seller, threatened actions or claims
that allege that HoldCo or any of its Subsidiaries has infringed or otherwise violated any material intellectual property rights
of any third party. To the Knowledge of Seller, no third party is infringing, misappropriating or otherwise violating rights in
any material respect any Intellectual Property of HoldCo or any of its Subsidiaries.

 

2.24  Affiliate
Transactions. Except as disclosed on Appendix E, there are no transactions, contracts or liabilities between or among
(a) HoldCo or its Subsidiaries on the one hand, and (b) Seller, or any of Seller’s Affiliates, any direct or indirect investor
in the Project Company, or, to the Knowledge of Seller, any current representative of HoldCo or its Subsidiaries, Seller or its
Affiliates, or any member of the immediate family of any such representative, on the other hand.

 

2.25  Antisocial
Forces. None of Seller nor any employee, director, executive officer or equivalent person who executes business on behalf of
Seller, any Subsidiary Transferor, HoldCo or its Subsidiaries constitutes Antisocial Forces or, themselves or through third parties,
is engaged in Antisocial Activities.

 

ARTICLE 3

REPRESENTATIONS AND WARRANTIES OF Purchaser

 

Except as set forth
in, or qualified by any matter set forth in, the Schedules attached hereto, the Purchaser hereby represents and warrants to Seller
as set forth in this Article ‎3 as of (A) the date hereof and (B) if the Closing Date is not the date of this Agreement,
the Closing Date, in each case, unless otherwise specified in the representations and warranties below, in which case the representation
and warranty is made as of such date. Whether or not a particular Section of this Article ‎3 refers to a specific, numbered
Schedule, such Section shall, to the extent applicable, be subject to the exceptions, qualifications, and other matters set forth
in the Schedules to the extent that the relevance of such exceptions, qualifications or other matters is reasonably apparent on
the face thereof.

 

3.1  Organization
and Status. The Purchaser (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction
of its formation as set forth in the preamble to this Agreement, (b) is duly qualified, authorized to do business and in good
standing in each other jurisdiction where the character of its properties or the nature of its activities makes such qualification
necessary, and (c) has all requisite power and authority to own or hold under lease the property it purports to own or hold
under lease and to carry on its business as now being conducted. The Purchaser has made available to Seller complete and correct
copies of the Organization Documents for the Purchaser.

 

3.2  Power;
Authority; Enforceability. The Purchaser has the legal capacity and power to enter into and perform its obligations under this
Agreement and has been duly authorized, in accordance with its Organization Documents, to enter into and perform its obligations
under this Agreement. This Agreement has been duly executed and delivered by the Purchaser and constitutes the legal valid and
binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as may be limited by
applicable bankruptcy,

 

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insolvency, moratorium,
reorganization and similar laws affecting the enforcement of creditors’ rights generally and subject to general principles
of equity regardless of whether enforceability is considered in a proceeding in equity or at law.

 

3.3  No
Violation. The execution, delivery and performance by the Purchaser of its obligations under this Agreement, including without
limitation the purchase of the Acquired Interests from Seller or the Subsidiary Transferor, do not, and will not, (a) violate
any Governmental Rule to which the Purchaser is subject or the Organization Documents of the Purchaser, or (b) conflict with,
result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate,
terminate, modify or cancel or require any notice under any agreement, contract, lease, license, instrument or other arrangement
to which the Purchaser is a party or by which the Purchaser is bound.

 

3.4  No
Litigation. The Purchaser is not a party to and has not received written notice of any pending or, to the Knowledge of the
Purchaser, threatened litigation, action, suit, proceeding or governmental investigation against the Purchaser, which, in either
case, would reasonably be expected to materially impair or delay the ability of the Purchaser to perform its obligations under
this Agreement or which seeks the issuance of an order restraining, enjoining, altering or materially delaying the consummation
of the transactions contemplated by this Agreement.

 

3.5  Consents
and Approvals. Except as set forth in Part VII of Appendix B, no Consent of any Governmental Authority or any
other Person, is required by or with respect to the Purchaser in connection with the execution and delivery of this Agreement by
the Purchaser, or the consummation by the Purchaser of the transaction contemplated hereby, except for any consents which if not
obtained would not reasonably be expected to materially impair or delay the ability of the Purchaser to perform its obligations
under this Agreement.

 

3.6  Solvency.
There are no bankruptcy, reorganization or arrangement proceedings pending against, being contemplated by or, to the Knowledge
of the Purchaser, threatened against the Purchaser. The Purchaser (a) has not had a receiver, receiver and manager, liquidator,
sequestrator, trustee or other officer with similar powers appointed over all or part of its business or assets, and to the Knowledge
of the Purchaser, no application therefor is pending or threatened, (b) is not insolvent or presumed to be insolvent under
any Law and is able to pay its debts as and when they fall due, (c) has not made a general assignment for the benefit of its
creditors, and (d) has not taken any action to approve any of the foregoing.

 

3.7  Compliance
with Law. To the Knowledge of the Purchaser, there has been no actual violation by the Purchaser of or failure of the Purchaser
to comply with any Governmental Rule that is applicable to it, or allegation by any Governmental Authority of such a violation,
that would reasonably be expected to prevent or materially impair or delay the consummation of the transactions contemplated by
this Agreement.

 

3.8  Investment
Intent. The Purchaser is acquiring the Acquired Interests for its own account, for investment and with no view to the distribution
thereof in violation of the Securities Act or the securities laws of any state of the United States or any other jurisdiction.

 

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3.9  Accredited
Investor. The Purchaser is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3), (7) or
(8) of the Securities Act, and is able to bear the economic risk of losing its entire investment in the Acquired Interests.

 

3.10  Broker’s
Fee. The Purchaser has no liability or obligation for any fees or commissions payable to any broker, finder or agent with respect
to the transactions contemplated by this Agreement.

 

3.11  Antisocial
Forces. None of Purchaser nor any employee, director, executive officer or equivalent person who executes business on behalf
of Purchaser, any Subsidiary Purchaser constitutes Antisocial Forces or, themselves or through third parties, is engaged in Antisocial
Activities.

 

ARTICLE 4

COVENANTS; OTHER OBLIGATIONS

 

4.1  Covenants
Between Signing and Closing. If the Closing Date is not the date of this Agreement, the provisions of this Section ‎4.1
shall apply during the period from the date hereof to the earlier of the Closing Date and the termination of this Agreement pursuant
to Section ‎5.4:

 

(a)  Project
Specific Pre-Closing Covenants of Seller. Seller shall use commercially reasonable efforts to conduct the business, operations
and affairs of the Project Company only in the ordinary and normal course of business, subject to the following provisions with
respect to any proposed entry into any Material Contract or any proposed amendment, termination or waiver (in whole or in part)
of any Material Contract (each such proposal, a “Material Contract Change”):

 

		(i)	Seller shall give prior written notice to Purchaser of, and shall to the extent practicable consult
in good faith with Purchaser regarding, any Material Contract Change that would reasonably be expected to materially and adversely
affect such Project or any applicable HoldCo; and

 

		(ii)	Seller may, but shall not be obligated to, seek by written notice the approval of the Purchaser
to any Material Contract Change. During the twenty calendar-day period following delivery of any such notice, Seller shall provide
to the Purchaser promptly any information within Seller’s possession regarding such Material Contract Change as the Purchaser
reasonably requests. The Purchaser shall, by the end of such twenty calendar-day period, notify Seller whether it approves (acting
reasonably) such Material Contract Change. If Purchaser does not approve such Material Contract Change, Seller may (A) abstain
from proceeding with such Material Contract Change, (B) proceed with such Material Contract Change (in which case the Purchaser
retains its right to assert a failure of a condition precedent to Closing, if applicable),

 

    13 

     

    

or (C) terminate
this Agreement. If Purchaser fails to complete the Closing as a result of a proposed Material Contract Change, then the Seller
must proceed with such Material Contract Change, or notify the Purchaser and provide the Purchaser with the opportunity to complete
the Closing.

 

(b)  Access,
Information and Documents. Subject to the next sentence, Seller will give to the Purchaser and to the Purchaser’s counsel,
accountants and other representatives reasonable access during normal business hours to all material Books and Records and the
Project (subject to all applicable safety and insurance requirements and any limitations on Seller’s rights to, or right
to provide others with, access) and will furnish to the Purchaser all such documents and copies of documents and all information,
including operational reports, with respect to the affairs of HoldCo and its Subsidiaries, the Project Company and the Project
as the Purchaser may reasonably request. If, by reason of any confidentiality obligations imposed on Seller by any counterparty
to a Contract who deals at arm’s length with Seller, Seller is unable to comply with the foregoing covenant, Seller and the
Purchaser shall use commercially reasonable efforts to obtain all necessary consents or waivers required to make the disclosure
(which, in the case of the Purchaser, may include the requirement to enter into a reasonable confidentiality or non-disclosure
agreement). The Purchaser agrees to comply with any confidentiality obligations which would be applicable to it under any such
Contracts received from Seller hereunder.

 

(c)  Further
Assurances. Each of the parties hereto shall use commercially reasonable efforts to take, or cause to be taken, all actions
and to do, or cause to be done, all things necessary, proper or advisable to consummate the transactions contemplated hereby as
soon as practicable.

 

(d)  Tax.
Without the prior written consent of Purchaser, none of Seller, each Subsidiary Transferor, Holdco, the Project Company and their
respective Subsidiaries shall, to the extent it may affect Holdco, the Project Company and their respective Subsidiaries and/or
the owners of any such entity, make or change any Tax election, change any annual Tax accounting period, adopt or change any method
of Tax accounting, file any amended Tax Return, settle any Tax claim or assessment, surrender any right to claim a Tax refund,
offset or other reduction in Tax liability.

 

(e)  Distributions.
Without the prior written consent of Purchaser, none of Seller or any of its Affiliates shall cause HoldCo or any of HoldCo’s
Subsidiaries to make any distributions of cash or assets to Seller or any of its Affiliates.

 

4.2  Other
Covenants

 

(a)  Costs,
Expenses. Except as may be specified elsewhere in this Agreement, the Purchaser shall pay all costs and expenses, including
legal fees and the fees of any broker, environmental consultant, insurance consultant, independent engineer, and title company
retained by the Purchaser for its due diligence and its negotiation, performance of and compliance with this Agreement. Seller
shall pay all costs and expenses (including in connection with any reports, studies or other documents listed in Part II
of Appendix D, unless specifically noted in Part II of Appendix D), including legal fees and the fees of any
broker of

 

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Seller or its Affiliates,
relating to or resulting from the negotiation, performance of and compliance with this Agreement by Seller.

 

(b)  Public
Announcement; Confidentiality. No party hereto shall make or issue, or cause to be made or issued, any public announcement
or written statement concerning this Agreement or the transactions contemplated hereby without the prior written consent of the
other parties, except to the extent required by law (including any disclosure which, in the reasonable judgment of the disclosing
party, is necessary or appropriate to comply with Governmental Rules and standards governing disclosures to investors) or in accordance
with the rules, regulations and orders of any stock exchange. Seller shall not, and shall cause its Affiliates and directors, officers,
employees, agents, consultants advisors and partners not to, disclose any confidential information in or relating to this Agreement
other than (i) to its Affiliates and its and their directors, officers, employees, agents, consultants, advisors and partners,
provided in each case that such recipient is bound by reasonable confidentiality obligations, (ii) as required by applicable
law or regulation or (iii) with the prior consent of Purchaser. Seller shall not use, and shall not enable any third party
to use, any confidential information in or relating to this Agreement that constitutes material non-public information regarding
Purchaser in a manner that is prohibited by the U.S. securities laws.

 

(c)  Regulatory
Approvals. Each party shall use its commercially reasonable efforts to obtain all required regulatory approvals (including
the required Governmental Approvals set forth in Part VII of Appendix B) as promptly as possible and, in any event,
prior to the Closing Date. To that end, each of the parties shall make, or cause to be made, all other filings and submissions,
and submit all other documentation and information that in the reasonable opinion of the Purchaser is required or advisable, to
obtain the regulatory approvals, and will use its commercially reasonable efforts to satisfy all requests for additional information
and documentation received under or pursuant to those filings, submissions and the applicable legislation and any orders or requests
made by any Governmental Authority. Notwithstanding any other provision of this Agreement, the Purchaser will not be required to
(i) propose or agree to accept any undertaking or condition, enter into any consent agreement, make any divestiture or accept any
operational restriction or other behavioral remedy, (ii) take any action that, in the reasonable judgment of the Purchaser, could
be expected to limit the right of the Purchaser to own or operate all or any portion of the business or assets of HoldCo or any
of its Subsidiaries, or of the Purchaser or any of its Affiliates, or to conduct their respective affairs in a manner consistent
with how they each conduct their affairs as of the date of this Agreement, or (iii) contest or defend any judicial or administrative
proceeding brought by any Governmental Authority seeking to prohibit, prevent, restrict or unwind the consummation of all or a
part of the transaction contemplated herein.

 

(d)  Consents.
Except in respect of regulatory approvals, which shall be governed by Section ‎4.2(c), as promptly as possible and,
in any event, prior to the Closing Date, Seller shall use commercially reasonable efforts to (i) make or cause to be made all filings
required by Law to be made by it in order to consummate the transaction contemplated hereby; and (ii) seek and obtain all Consents
required pursuant to Part VII of Appendix B.

 

(e)  Other
Obligations of Seller and Purchaser. The parties mutually covenant as follows:

 

    15 

     

    

		(i)	to use all reasonable efforts in good faith to obtain promptly the satisfaction of the conditions
to Closing of the transactions contemplated herein;

 

		(ii)	to furnish to the other parties and to the other parties’ counsel all such information as
may be reasonably required in order to effectuate the foregoing actions, including draft regulatory filings and submissions, provided
that such information may be redacted to render illegible any commercially sensitive portions thereof, and in such event the parties
will meet in good faith to agree on protective measures to allow disclosure of such redacted information to counsel in a manner
that affords the maximum protection to such commercially sensitive information as is reasonable in the circumstances; and

 

		(iii)	to advise the other parties promptly if any party determines that any condition precedent to its
obligations hereunder will not be satisfied in a timely manner.

 

(f)  Allocation
of Partnership Income and Loss. With respect to the income or loss of the Project Company for the fiscal year in which the
Closing occurs, the Purchaser shall cause the Project Company to allocate income or loss of the Project Company with respect to
the Acquired Interests for the period up to and including the Closing Date to the Seller, and to allocate income or loss of the
Project Company with respect to the Acquired Interests for the period after the Closing Date to Purchaser.

 

4.3  Tax
Covenants.

 

(a)  Seller
shall prepare or cause to be prepared and file or cause to be filed (i) all Tax Returns for HoldCo and its Subsidiaries that do
not include any Post-Closing Tax Period and (ii) all Tax Returns that the HoldCo and its Subsidiaries file jointly with the Seller
or any of its Affiliates. Seller shall permit Purchaser to review, comment and consent on each such Tax Return prior to filing
it and shall reasonably and in good faith consider such revisions to such Tax Returns as are requested by Purchaser. To the extent
that any Taxes shown as due and payable on any such Tax Return were not included in the calculation of the Purchase Price, such
Taxes shall be paid by Seller.

 

(b)  Except
as set forth in Section 4.03(c), Purchaser shall prepare or cause to be prepared and file or cause to be filed all Tax Returns
for HoldCo and its Subsidiaries. Purchaser shall permit Seller to review and comment on each such Tax Return that relates to a
Pre-Closing Tax Period prior to filing it, to the extent that such Tax Return could result in a Tax liability for which Seller
would be responsible under this Agreement, and Purchaser shall reasonably and in good faith consider such revisions to such Tax
Returns as are requested by Seller. Any Covered Taxes for any Tax Period with respect to which such Tax Returns were filed shall
be promptly paid to Purchaser or, at Purchaser’s request, to the applicable Governmental Authority, to the extent not included
in the calculation of the Purchase Price.

 

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(c)  For
purposes of the determination of Covered Tax in respect of a Straddle Tax Period, (i) in the case of any Taxes other than gross
receipts, sales or use Taxes and Taxes based upon or related to income, the definition of Covered Tax shall be deemed to include
the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax
period ending on and including the Closing Date and the denominator of which is the number of days in the entire Tax period, and
(ii) in the case of any Tax based upon or related to income and any gross receipts, sales or use Tax, the definition of Covered
Tax shall be deemed to include the amount that would be payable if the relevant Tax period ended on and included the Closing Date.

 

(d)  All
transfer (including real property transfer), stamp, issuance, sales, use, filing, recording, documentary, value added, ad valorem
or similar taxes or governmental fees or assessments (collectively, and including any penalties and interest, “Transfer
Taxes”) incurred in connection with the transactions contemplated by this Agreement shall be borne in equal parts
by Purchaser and Seller. The party that is required by applicable Law to file any Tax Return with respect to Transfer Taxes shall
do so, and the other party shall reasonably cooperate with respect thereto. If either party may file any such required Tax Return,
Seller shall file the Tax Return and Purchaser agrees to reasonably cooperate with Seller with respect thereto.

 

ARTICLE 5

CONDITIONS TO CLOSING; TERMINATION

 

5.1  Conditions
Precedent to Each Party’s Obligations to Close. The obligations of the parties to proceed with the Closing under this
Agreement are subject to the fulfillment prior to or at Closing of the following conditions (any one or more of which may be waived
in whole or in part by all parties in their sole discretion):

 

(a)  No
Violations. The consummation of the transactions contemplated hereby shall not violate any applicable Governmental Rule.

 

(b)  No
Adverse Proceeding. No order of any court or administrative agency shall be in effect which restrains or prohibits the transactions
contemplated hereby, and there shall not have been threatened, nor shall there be pending, any action or proceeding by or before
any court or Governmental Authority challenging any of the transactions contemplated by this Agreement or seeking monetary relief
by reason of the consummation of such transactions.

 

(c)  No
Termination. This Agreement shall not have been terminated pursuant to Section ‎5.4.

 

(d)  Other
Conditions Precedent to Closing to Each Party’s Obligations. The conditions precedent, if any, set forth in Appendix
B-3 shall have been satisfied (any one or more of which may be waived in whole or in part by any parties in their sole discretion.)

 

    17 

     

    

5.2  Conditions
Precedent to Obligations of Purchaser to Close. The obligations of the Purchaser to proceed with the Closing under this Agreement
with respect to the purchase of the Acquired Interests are subject to the fulfillment prior to or at Closing of the following conditions
(any one or more of which may be waived in whole or in part by the Purchaser in its sole discretion):

 

(a)  Representations
and Warranties. The representations and warranties of Seller set forth in Sections ‎2.1 to ‎2.7 (inclusive)
and ‎2.11 shall be true and correct as of the Closing Date as if made at and as of such date. All other representations
and warranties of Seller set forth in Article 2 shall be true and correct at and as of the Closing Date as if made at and
as of such date (other than any representations or warranties that are qualified by materiality, including by reference to Material
Adverse Effect, which shall be true in all respects) as though such representations and warranties were made on and as of the Closing
Date, except to the extent that (i) such representations and warranties expressly relate to an earlier date, in which case
as of such earlier date and (ii) the failure of such representations and warranties to be true and correct, taken in the aggregate,
would not have a Material Adverse Effect.

 

(b)  Performance
and Compliance. Seller shall have performed, in all material respects, all of the covenants and complied with all of the provisions
required by this Agreement to be performed or complied with by it on or before the Closing.

 

(c)  Consents.
All necessary Consents shall have been obtained, including those set forth in Part VII of Appendix B.

 

(d)  Certificate
of Seller. The Purchaser shall have received a certificate of Seller dated the date of the Closing confirming the matters set
forth in Sections ‎5.2(a) and ‎(b) in a form reasonably acceptable to the Purchaser.

 

(e)  Good
Standing Certificate. The Purchaser shall have received a good standing certificate of Seller, each Subsidiary Transferor,
HoldCo and each of its Subsidiaries, in each case issued by the secretary of state or equivalent local Governmental Authority of
the state or local jurisdiction of its formation; provided that in the case of any entities formed under the laws of Japan,
documents which are customary delivered for Japanese entities which evidence the equivalent shall be delivered in lieu of a good
standing certificate.

 

(f)  Satisfactory
Instruments. All instruments and documents reasonably required on the part of Seller to effectuate and consummate the transactions
contemplated hereby shall be delivered to the Purchaser and shall be in form and substance reasonably satisfactory to the Purchaser.

 

(g)  Material
Contracts. Absence of any amendment to, entry into, termination or waiver (in whole or in part) of any Material Contract (except
any such amendment, termination or waiver that has been approved by the Purchaser) that would reasonably be expected to materially
and adversely affect the Project or any applicable HoldCo.

 

(h)  Other
Conditions Precedent of Purchaser to Close. The conditions precedent, if any, set forth on Appendix B-4 shall have been
satisfied or waived in whole or in part by Purchaser in Purchaser’s sole discretion.

 

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5.3  Conditions
Precedent to the Obligations of Seller to Close. Subject to Section ‎5.5, the obligations of Seller to proceed with
the Closing hereunder with respect to Seller’s sale of the Acquired Interests are subject to the fulfillment prior to or
at Closing of the following conditions (any one or more of which may be waived in whole or in part by Seller in its sole discretion):

 

(a)  Purchase
Price. The Purchaser shall have transferred in immediately available funds the Initial Purchase Price pursuant to, in accordance
with and into the account or accounts designated in, Part I of Appendix B.

 

(b)  Representations
and Warranties. The representations and warranties set forth in Article ‎3 shall be true and correct at and as of
the Closing Date as if made at and as of such date (other than any representations or warranties that are made as of a specific
date, which shall be true and correct as of such date).

 

(c)  Performance
and Compliance. The Purchaser shall have performed, in all material respects, all of the covenants and complied with all the
provisions required by this Agreement to be performed or complied with by it on or before the Closing.

 

(d)  Certificate
of Purchaser. Seller shall have received a certificate of the Purchaser dated the date of the Closing confirming the matters
set forth in Sections ‎5.3(b) and ‎(c) in a form reasonably acceptable to Seller.

 

(e)  Satisfactory
Instruments. All instruments and documents required on the part of the Purchaser to effectuate and consummate the transactions
contemplated hereby shall be delivered to Seller and shall be in form and substance reasonably satisfactory to Seller.

 

(f)  Other
Conditions Precedent to Seller’s Obligation to Close. The conditions precedent, if any, set forth in Appendix B-5
shall have been satisfied or waived in whole or in part by Seller in Seller’s sole discretion.

 

5.4  Termination.
If the Closing Date is not the date of this Agreement, the following termination provisions shall be applicable:

 

(a)  By
the Parties. This Agreement may be terminated at any time by mutual written consent of Purchaser and Seller.

 

(b)  By
Either Party. This Agreement may be terminated at any time prior to the Closing by either Seller or the Purchaser, if (i) a
Government Approval required to be obtained as set forth on Part VII of Appendix B shall have been denied and all
appeals of such denial have been taken and have been unsuccessful, (ii) one or more courts of competent jurisdiction in the United
States, or any state or any other applicable jurisdiction has issued an order permanently restraining, enjoining, or otherwise
prohibiting the Closing, and such order has become final and non-appealable, or (iii) the Closing has not occurred by the Outside
Closing Date, but if such failure to close by the Outside Closing Date is due to any breach of this Agreement by any party, such
party shall not have any right to terminate this Agreement pursuant to this clause (iii).

 

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(c)  Other
Termination Rights. This Agreement may be terminated at any time prior to the Closing by the applicable party if and to the
extent permitted in Part V of Appendix B.

 

(d)  Termination
Procedure. In the event of termination of this Agreement by any or all parties pursuant to this Section ‎5.4, written
notice thereof will forthwith be given by the terminating party to the other parties and this Agreement will terminate and the
transactions contemplated hereby will be abandoned, without further action by any party. If this Agreement is terminated as permitted
by this Section ‎5.4, such termination shall be without liability of any party (or any stockholder, shareholder, director,
officer, employee, agent, consultant or representative of such party) to the other parties to this Agreement; provided that
(i) the foregoing will not relieve any party for any liability for willful and intentional material breaches of its obligations
hereunder occurring prior to such termination and (ii) except as specifically set forth herein, nothing in this Agreement
shall derogate from the provisions of the Purchase Rights Agreements, which agreements shall remain in full force and effect after
termination of this Agreement.

 

5.5  Closing
Notice. Upon the satisfaction of the conditions set forth in Sections ‎5.1 and ‎5.2, Seller shall deliver
a notice to Purchaser scheduling the date of the Closing (a “Closing Notice”), which shall be at least
ten (10) Business Days after the date of delivery of the Closing Notice.

 

ARTICLE 6

REMEDIES FOR BREACHES OF THIS AGREEMENT

 

6.1  Indemnification.

 

(a)  By
Seller. Subject to Part VI of Appendix B and the limitations set forth in this Article ‎6 and Section
‎7.14, from and after the Closing, Seller agrees to indemnify and hold harmless the Purchaser and its Affiliates together
with their respective directors, officers, managers, employees and agents (each a “Purchaser Indemnified Party”)
from and against any and all Losses that any Purchaser Indemnified Party incurs by reason of or in connection with any of the following
circumstances:

 

		(i)	any breach by Seller of any representation or warranty made by it in Article ‎2 or any
breach or violation of any covenant, agreement or obligation of Seller contained herein;

 

		(ii)	Covered Taxes; and

 

		(iii)	as set forth in Part VI of Appendix B.

 

(b)  By
Purchaser. Subject to Part VI of Appendix B and the limitations set forth in this Article ‎6
and Section ‎7.14, from and after the Closing, the Purchaser agrees to indemnify and hold harmless Seller and Seller’s
Affiliates together with their respective directors, officers, managers, employees and agents (each a “Seller Indemnified
Party”) from and against any and all Losses that any Seller Indemnified Party incurs by reason of or in connection
with any of the following circumstances:

 

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		(i)	any breach by the Purchaser of any representation or warranty made by it in Article ‎3
or any breach or violation of any covenant, agreement or obligation of the Purchaser contained herein; and

 

		(ii)	as set forth in Part VI of Appendix B.

 

6.2  Limitations
on Seller’s or Purchaser’s Indemnification.

 

(a)  Minimum
Limit on Claims. A party required to provide indemnification under this Article ‎6 (an “Indemnifying
Party”) shall not be liable under this Article ‎6 to an Indemnified Party for any Claim for breach of
any representation or warranty unless and until the aggregate amount of all Claims for which it would, in the absence of this provision,
be liable exceeds the Basket Amount, and in such event the Indemnified Party will be liable for the amount of all Claims, including
the Basket Amount; provided that the foregoing limitation shall not apply in the case of actual fraud or willful misrepresentation
by the Indemnifying Party or, for the avoidance of doubt, to Covered Taxes.

 

(b)  Maximum
Limit on Claims.

 

		(i)	Limitation on Seller’s Liability. Seller’s maximum aggregate liability for Claims
for breaches of representations and warranties under this Agreement is limited to Seller’s Maximum Liability set forth in
Part VI of Appendix B; provided that the Seller’s Maximum Liability will not apply to any Claim based
on (A) actual fraud or willful misrepresentation, (B) any breach of the representations and warranties set forth in Sections
‎2.1, ‎2.2, ‎2.3, ‎2.5, ‎2.6,
2.9, ‎2.11 and ‎2.18 (solely with respect to the Indebtedness of HoldCo and its Subsidiaries)
or (C) for the avoidance of doubt, Covered Taxes.

 

		(ii)	Limitation on Purchaser’s Liability. The Purchaser’s maximum aggregate liability
for Claims for breaches of representations and warranties under this Agreement is limited to the Purchaser’s Maximum Liability
set forth in Part VI of Appendix B; provided that the Purchaser’s Maximum Liability will not apply to
any Claim based on (A) actual fraud or willful misrepresentation or (B) any breach of the representations and warranties set forth
in Sections ‎3.1, ‎3.2, ‎3.3, ‎3.5 and ‎3.10.

 

(c)  Time
Limit for Claims. No Indemnified Party may make a Claim for indemnification under Section ‎6.1 in respect of any
Claim unless notice in writing of the Claim, incorporating a statement setting out in reasonable detail the grounds on which the
Claim is based, has been given by the Indemnified Party prior to the expiration of the applicable Survival Period as set forth
in Part VI of Appendix B.

 

    21 

     

    

6.3  Reimbursements;
Refunds.

 

(a)  Right
of Reimbursement. Subject to Part VI of Appendix B, the amount of Losses payable under Section ‎6.1
by an Indemnifying Party shall be net of any amounts recovered by the Indemnified Party under applicable insurance policies or
from any other Person responsible therefor. If the Indemnified Party receives any amounts under applicable insurance policies,
or from any other Person responsible for any Losses subsequent to an indemnification payment by the Indemnifying Party and such
amounts would result in a duplicative recovery, then such Indemnified Party shall promptly reimburse the Indemnifying Party for
any payment made or expense incurred by such Indemnifying Party in connection with providing such indemnification payment up to
the amount received by the Indemnified Party, net of any expenses incurred by such Indemnified Party in collecting such amount.

 

(b)  Other
Refund Obligations. In addition to the obligations set forth in Section ‎6.3(a), the applicable Indemnified Party
shall be obligated to reimburse or refund to the Indemnifying Party for payments made by it to such Indemnified Party under this
Article ‎6 as set forth in Part VI of Appendix B.

 

6.4  Mitigation;
Treatment of Indemnification.

 

(a)  The
Indemnified Party shall use commercially reasonable efforts to mitigate all Losses relating to a Claim for which indemnification
is sought under this Article ‎6.

 

(b)  All
indemnification payments under this Article ‎6 shall be deemed adjustments to the Purchase Price.

 

6.5  Exclusive
Remedy. Seller and Purchaser acknowledge and agree that, should the Closing occur, and excluding liability for actual fraud
or willful misrepresentation, the foregoing indemnification provisions of this Article ‎6 and the provisions of Section
‎7.15 shall be the sole and exclusive remedy of Seller and Purchaser with respect to any misrepresentation, breach of warranty,
covenant or other agreement (other than any Purchase Price Adjustment set forth in Part I of Appendix B)
or other claim arising out of this Agreement or the transactions contemplated hereby. Without limiting the generality of the foregoing,
effective as of the Closing each of the Purchaser and Seller covenants to the other party that in respect of any matters under
or contemplated in this Agreement, it will not make any Claim whatsoever against any Affiliate of the other party or the directors,
officers, managers, shareholders, member, controlling persons, employees and agents of any of the foregoing, in each case in their
capacities as such, and its rights in respect of any such Claim for breach of any provision of this Agreement are limited solely
to such rights as it may have against Seller or Purchaser, as the case may be, under this Agreement.

 

ARTICLE 7

MISCELLANEOUS

 

7.1  Entire
Agreement. This Agreement and the Exhibits, Schedules and Appendices hereto, each of which is hereby incorporated herein, set
forth all of the promises, covenants, agreements, conditions, undertakings, representations and warranties between the parties
hereto

 

    22 

     

    

with respect to the subject
matter hereof and supersede all prior and contemporaneous agreements and understandings, inducements or conditions, express or
implied, oral or written.

 

7.2  Notices.
All notices, requests, demands and other communications hereunder shall be in writing (including facsimile transmission and electronic
mail (“email”) transmission and shall be deemed to have been duly given if personally delivered, telefaxed (with
confirmation of transmission), e-mailed (so long as confirmation of receipt is requested and received) or, if mailed, when mailed
by first-class (for United States post only), certified or registered mail, postage prepaid, or by any international or national
overnight delivery service, to the other party at the addresses as set forth in Part VII of Appendix B (or at such
other address as shall be given in writing by any party to the other). All such notices, requests, demands and other communications
shall be deemed received on the date of receipt by the recipient thereof if received prior to 5 p.m. in the place of receipt and
such day is a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed not to
have been received until the next succeeding Business Day in the place of receipt.

 

7.3  Successors
and Assigns.

 

(a)  No
party shall assign this Agreement or any of its rights or obligations herein without the prior written consent of the other parties,
in their sole discretion, except as provided herein and except that any party may assign this Agreement or any of its rights or
obligations herein to an Affiliate of such party but the assigning party shall continue to be liable for all of its obligations
hereunder following any such assignment. Subject to the foregoing, this Agreement, and all rights and powers granted hereby, will
bind and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

 

(b)  Notwithstanding
Section ‎7.3(a), each of Seller and Purchaser may assign this Agreement without the consent of the other parties as
specified in Part VII of Appendix B.

 

7.4  Jurisdiction;
Service of Process; Waiver of Jury Trial.

 

(a)  EACH
OF THE PARTIES HERETO WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT,
TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

(b)  Any
and all claims, counterclaims, demands, causes of action, disputes, controversies, and other matters in question arising out of
or relating to this Agreement, or the alleged breach hereof, or in any way relating to the subject matter of this Agreement or
the relationship between the parties created by this Agreement (hereafter, a “Dispute”), except for any
claims for specific performance as set forth in Section ‎7.15, shall be finally resolved by binding arbitration administered
by the American Arbitration Association (“AAA”) under the AAA Commercial Arbitration Rules, including
the Procedures for Large, Complex Commercial Disputes (the “Rules”) then in force to the extent such
Rules are not inconsistent with the provisions of this Agreement. The party or parties commencing arbitration shall deliver to
the other party or parties a written notice of intent to arbitrate (a “Demand”) in accordance with Rule
R-4. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§1 et seq.

 

    23 

     

    

		(i)	Selection of Arbitrators. Disputes shall be resolved by a panel of three independent and
impartial arbitrators, (the “Arbitrators”). The party or parties initiating the arbitration shall appoint
an arbitrator in its or their Demand; the responding party or parties shall appoint an arbitrator in its or their answering statement,
which is due thirty (30) days after receipt of the Demand. If any party fails or refuses to timely nominate an arbitrator within
the time permitted, such arbitrator shall be appointed by the AAA from individuals with significant experience in renewable energy
projects from its Large, Complex Commercial Case Panel. Within thirty (30) days of the appointment of the second arbitrator, the
two party-appointed arbitrators shall appoint the third arbitrator, who shall act as the chair of the arbitration panel. If the
two party-appointed arbitrators fail or refuse to appoint the third arbitrator within such thirty (30)-day period, the third arbitrator
shall be appointed by the AAA from individuals with significant experience in renewable energy projects from its Large, Complex
Commercial Case Panel in accordance with Rule R-12. The Arbitrators, acting by majority vote, shall resolve all Disputes.

 

		(ii)	Confidentiality. To the fullest extent permitted by law, the arbitration proceedings and
award shall be maintained in confidence by the parties.

 

		(iii)	Place of Arbitration. The place of arbitration shall be New York, New York. Any action in
connection therewith shall be brought in the United States District Court for the Southern District of New York or, if that court
does not have jurisdiction, any New York state court in New York County. Each party consents to the exclusive jurisdiction of such
courts in any such suit, action or proceeding, and irrevocably waives, to the fullest extent permitted by law, any objection which
it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such
suit, action or proceeding which is brought in any such court has been brought in an inconvenient forum. Each party further agrees
to accept service of process out of any of the before mentioned courts in any such dispute by registered or certified mail addressed
to the party at the address set forth in Part VII of Appendix B.

 

		(iv)	Conduct of the Arbitration. The arbitration shall be conducted in accordance with the Rules
and in a manner that effectuates the parties’ intent that Disputes be resolved expeditiously and with minimal expense. The
Arbitrators shall endeavor to commence the arbitration hearing within one hundred and eighty (180) days of the third arbitrator’s
appointment.

 

    24 

     

    

		(v)	Interim Relief. Any party may apply to the Arbitrators seeking injunctive relief until the
arbitration award is rendered or the controversy is otherwise resolved. Any party also may, without waiving any remedy under this
Agreement, seek from any court having jurisdiction any interim or provisional relief that is necessary to protect the rights or
property of that party, pending the establishment of the arbitral tribunal (or pending the Arbitrators’ determination of
the merits of the controversy).

 

		(vi)	Discovery. The Arbitrators, upon a showing of good cause, may require and facilitate such
limited discovery as it shall determine is appropriate in the circumstances, taking into account the needs of the parties, the
burden on the parties, and the desirability of making discovery limited, expeditious, and cost-effective. The Arbitrators shall
issue orders to protect the confidentiality of proprietary information, trade secrets and other sensitive information disclosed
in discovery.

 

		(vii)	Arbitration Award. The Arbitrators shall endeavor to issue a reasoned, written award within
thirty (30) days of the conclusion of the arbitration hearing. The Arbitrators shall have the authority to assess some or all of
the costs and expenses of the arbitration proceeding (including the Arbitrators’ fees and expenses) against any party. The
Arbitrators shall also have the authority to award attorneys’ fees and expenses to the prevailing party or parties. In assessing
the costs and expenses of the arbitration and/or awarding attorneys’ fee and expenses, the Arbitrators shall consider the
relative extent to which each party has prevailed on the disputed issues and the relative importance of those issues. The limitations
of Section ‎7.14 shall apply to any award by the Arbitrators.

 

7.5  Headings;
Construction; and Interpretation. The headings preceding the text of the sections and subsections hereof are inserted solely
for convenience of reference and shall not constitute a part of this Agreement, nor shall they affect its meaning, construction
or effect. Except as otherwise expressly provided, the rules of construction set forth in Appendix A-2 shall apply to this
Agreement. The parties agree that any rule of law or any legal decision that would require interpretation of any claimed ambiguities
in this Agreement against the party that drafted it has no application and is expressly waived.

 

7.6  Further
Assurances. Each party shall cooperate and take such action as may be reasonably requested by the other party in order to carry
out the provisions and purposes of this Agreement and the transactions contemplated hereby.

 

7.7  Amendment
and Waiver. The parties may by mutual agreement amend this Agreement in any respect, and any party, as to such party, may (a) extend
the time for the performance of any of the obligations of any other party, (b) waive any inaccuracies in representations by
any other party, (c) waive compliance by any other party with any of the

 

    25 

     

    

agreements contained
herein and performance of any obligations by such other party, and (d) waive the fulfillment of any condition that is precedent
to the performance by such party of any of its obligations under this Agreement. To be effective, any such amendment or waiver
must be in writing and be signed by the party against whom enforcement of the same is sought.

 

7.8  No
Other Beneficiaries. This Agreement is being made and entered into solely for the benefit of Purchaser and Seller, and neither
Purchaser nor Seller intends hereby to create any rights in favor of any other Person as a third party beneficiary of this Agreement
or otherwise.

 

7.9  Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction specified in Part
VII of Appendix B.

 

7.10  Schedules.
References to a Schedule shall include any disclosure expressly set forth on the face of any other Schedule even if not specifically
cross-referenced to such other Schedule to the extent that the relevance of such matter is reasonably apparent on the face thereof.
The fact that any item of information is contained in a disclosure schedule shall not be construed as an admission of liability
under any Governmental Rule, or to mean that such information is material. Such information shall not be used as the basis for
interpreting the term “material”, “materially” or any similar qualification in this Agreement.

 

7.11  Limitation
of Representations and Warranties. The Purchaser acknowledges that except as expressly provided in Article 2 of this
Agreement, Seller has not made, and Seller hereby expressly disclaims and negates, and the Purchaser hereby expressly waives, any
other representation or warranty, express, implied, at Law or otherwise relating to the Acquired Interests, Seller or Seller Affiliates,
the Project Company, the Project or this Agreement.

 

7.12  Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but which together shall
constitute one and the same instrument. A facsimile or electronically imaged version of this Agreement may be executed by one or
more parties hereto and an executed copy of this Agreement may be delivered by one or more parties hereto by facsimile or “PDF”
electronic mail pursuant to which the signature of or on behalf of such party can be seen, and such execution and delivery shall
be considered valid, binding and effective for all purposes.

 

7.13  Severability.
If any provision of this Agreement or any other agreement entered into pursuant hereto is contrary to, prohibited by or deemed
invalid under applicable law or regulation, such provision shall be inapplicable and deemed omitted to the extent so contrary,
prohibited or invalid, but the remainder hereof shall not be invalidated thereby and shall be given full force and effect so long
as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to
any party. Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated
as originally contemplated to the fullest extent possible.

 

    26 

     

    

7.14  Limit
on Damages. Each party hereto acknowledges and agrees that neither party shall be liable to the other party for any punitive
damages (except to the extent paid to a third party in respect of a claim brought thereby) or damages that were not reasonably
foreseeable.

 

7.15  Specific
Performance. The parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed
in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches
of this Agreement or to enforce specifically the performance of the terms and provisions hereof in any court of competent jurisdiction,
in addition to any other remedy to which they are entitled at law or in equity.

 

[SIGNATURE PAGE FOLLOWS]

 

    27 

     

    

IN WITNESS WHEREOF,
the parties hereto have executed this Purchase and Sale Agreement as of the day and year first above written.

 

	
        PATTERN ENERGY GROUP INC.

         

        /s/ Dyann Blaine

        

        By: Dyann Blaine

        Its: Vice President

         
	 

    
[Signature Page to Tsugaru Purchase and Sale Agreement]

     

    

	
        GREEN POWER INVESTMENT CORPORATION

         

        /s/ Mitsuru Sakaki

        

        By: Mitsuru Sakaki

        Its: President

         
	 

    
[Signature Page to Tsugaru Purchase and Sale Agreement]

     

    

APPENDIX A-1: GENERAL DEFINITIONS

(as applicable and to the extent used in the final Agreement)

 

“AAA” shall have
the meaning set forth in Section ‎7.4(b).

 

“Acquired Interests”
shall have the meaning set forth in the recitals, as more fully described in Part I of Appendix C.

 

“Affiliate” means,
with respect to any Person, any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled
by or is under common control with the Person specified, or who holds or beneficially owns 50% or more of the equity interest in
the Person specified or 50% or more of any class of voting securities of the Person specified; provided that notwithstanding
the foregoing (a) Purchaser and their respective Subsidiaries shall not be deemed to be Affiliates of Seller and (b) Seller and
its Affiliates (other than Purchaser and their respective Subsidiaries) shall not be deemed to be Affiliates of the Purchaser.

 

“Agreement” shall
have the meaning set forth in the preamble to this Agreement.

 

“Antisocial Activities”
means, collectively, (i) making violent demands; (ii) making wrongful demands beyond legal liability; (iii) engaging in threatening
or violent behavior in relation to transactions; (iv) damaging the trust of parties to a transaction or obstructing business by
spreading rumors or using fraudulent means or force; and (v) any other actions equivalent to items (i) through (iv).

 

“Antisocial Forces”
means entities or persons that are (i) gangster crime groups (“bouryokudan” as defined under Article 2(ii) of
the Act on Prevention of Unjust Acts by Organized Crime Group Members (Act No. 77 of 1991, including subsequent revisions; hereinafter,
the “Act on Prevention of Unjust Acts by Organized Crime Group Members”)); (ii) members of gangster crime
groups (“bouryokudan in” as defined under Article 2(vi) of the Act on Prevention of Unjust Acts by Organized
Crime Group Member; hereinafter the same) or former gangster crime groups members for whom fewer than five years having passed
since separation; (iii) associate members of gangster crime groups; (iv) companies affiliated with gangster crime groups; (v) extortionist
(soukaiya) racketeer groups; (vi) groups conducting criminal activities under the pretext of social campaigns; (vii) crime
groups specialized in intellectual crimes; (viii) other entities equivalent to items (i) through (vii); (ix) companies whose management
is influenced by a person to which any of items (i) through (viii) apply (hereinafter, “Gang Members”);
(x) companies whose management materially involves Gang Members; (xi) persons who wrongfully engage Gang Members for the purpose
of gaining unjust profit for themselves, their company or a third party or for the purpose of harming a third party; (xii) persons
who provide funds or assistance to or are otherwise involved with Gang Members; and (xiii) companies whose directors or other persons
materially involved in their management have socially unacceptable relationships with Gang Members.

 

“Arbitrators”
shall have the meaning set forth in Section ‎7.4(b).

 

“Basket Amount”
shall have the meaning set forth in Part VI of Appendix B.

 

    App. A-1 - 1

     

    

“Books and Records”
means books, Tax Returns, contracts, commitments, and records of a Person.

 

“Business Day”
means any day other than a Saturday, a Sunday or any other day on which banks are authorized to be closed in New York, New York.

 

“Claim” means
a claim by an Indemnified Party for indemnification pursuant to Section ‎6.1.

 

“Closing” shall
have the meaning set forth in Section ‎1.4.

 

“Closing Date”
shall mean the date a Closing occurs.

 

“Closing Notice”
shall have the meaning set forth in Section ‎5.5.

 

“Code” shall
mean the United States Internal Revenue Code of 1986, as amended.

 

“Consent” means
any consent, approval, order or Permit of or from, or registration, declaration or filing with or exemption by any Person, including
a Governmental Authority.

 

“Contract” means
any agreement, lease, license, obligation, plan, arrangement, purchase order, commitment, evidence of indebtedness, mortgage, indenture,
security agreement or other contract (whether written or oral) entered into by a Person or by which a Person or any of its assets
are bound.

 

“Covered Tax”
means any (a) Tax of Holdco and its Subsidiaries related to a Pre-Closing Tax Period and (b) liability for the payment of any amount
of Tax as a result of being or having been before the Closing a member of an affiliated, consolidated, combined or unitary group,
or a party to any agreement or arrangement, as a result of which liability of Holdco or any of its Subsidiaries is determined or
taken into account with reference to the activities of any other Person.

 

“Demand” shall
have the meaning set forth in Section ‎7.4(b).

 

“Dispute” shall
have the meaning set forth in Section ‎7.4(b).

 

“Dollars” or
“$” means the lawful currency of the United States of America.

 

“Environmental Claim”
means any suit, action, demand, directive, claim, Lien, written notice of noncompliance or violation, allegation of liability or
potential liability, or proceeding made or brought by any Person in each case (a) alleging any liability under or violation of
or noncompliance with any applicable Environmental Law, (b) with respect to the release of or exposure to Hazardous Substances,
or (c) with respect to noise pollution or visual impacts, including shadow flicker.

 

“Environmental Law”
means any Law pertaining to the environment, natural resources, human health and safety in connection with exposure to Hazardous
Substances, and physical and biological natural resources, including but not limited to the Soil Contamination

 

    App. A-1 - 2

     

    

Countermeasures Act of Japan (Act No. 53
of May 29, 2002) and Waste Management and Public Cleansing Act (Law No. 137 of 1970).

 

“ERISA” means
the Employment Retirement Income Security Act of 1974, as amended.

 

“Financial Model”
means the financial model for the Project.

 

“Financial Statements”
means the annual unaudited consolidated statement of operations of HoldCo and its Subsidiaries for the year ended December 31,
2017 and the related balance sheet as at December 31, 2017 prepared in accordance with GAAP.

 

“GAAP” means
generally accepted accounting principles used by the Project Company or HoldCo to prepare the Financial Statements, consistently
applied throughout the specified period.

 

“Governmental Authority”
means any federal or national, state, county, municipal or local government or regulatory or supervisory department, body, political
subdivision, commission, agency, instrumentality, ministry, court, judicial or administrative body, taxing authority, or other
authority thereof (including any corporation or other entity owned or controlled by any of the foregoing) having jurisdiction over
the matter or Person in question, including the Ministry of Economy, Trade and Industry of Japan and the Bank of Japan.

 

“Governmental Rule”
means, with respect to any Person, any applicable law, statute, treaty, rule, regulation, ordinance, order, code, judgment, decree,
protocol, operating guide, injunction or writ issued by any Governmental Authority.

 

“Hazardous Substances”
means all substances, materials, chemicals, wastes or pollutants that are defined, regulated, listed or prohibited under Environmental
Law, including without limitation, (i) asbestos or asbestos containing materials, radioactive materials, lead, and polychlorinated
biphenyls, any petroleum or petroleum product, solid waste, mold, mycotoxin, urea formaldehyde foam insulation and radon gas; (ii)
any waste or substance that is listed, defined, designated or classified as, or otherwise determined by any Environmental Law to
be, ignitable, corrosive, radioactive, dangerous, toxic, explosive, infectious, radioactive, mutagenic or otherwise hazardous;
(iii) any pollutant, contaminant, waste, chemical, deleterious substances or other material or substance (whether solid, liquid
or gas) that is defined as a “solid waste,” “hazardous waste,” “hazardous material,” “hazardous
substance,” “extremely hazardous waste,” “restricted hazardous waste,” “pollutant,” “contaminant,”
“hazardous constituent,” “special waste,” “toxic substance,” or a word, term, or phrase of
similar meaning or regulatory effect under any Environmental Law.

 

“HoldCo” shall
have the meaning set forth in Part I of Appendix C.

 

“Indebtedness”
means all obligations of a Person (a) for borrowed money (including principal, accrued and unpaid interest, fees due, and any other
amounts due), whether or not contingent, (b) evidenced by notes, bonds, debentures, mortgages or similar instruments or debt securities,
(c) for the deferred purchase price of property, goods or services (other than trade payables or accruals incurred in the ordinary
course of business and not past due), including all seller notes and “earn out” payments, (d) under capital leases,
(e) secured by a Lien on the assets of such

 

    App. A-1 - 3

     

    

Person, whether or not such obligation
has been assumed by such Person, (f) with respect to reimbursement obligations for letters of credit, performance bonds and other
similar instruments (whether or not drawn), (g) under any interest rate, currency or other hedging agreement (including collars)
or commitment therefor, (h) to repay deposits or other amounts advanced by and owing to third parties, (i) under conditional sale
or other title retention agreements relating to property purchased by such Person, (j) in the nature of guaranties of the obligations
described in clauses (a) through (i) above of any other Person or as to which such Person has an obligation substantially the economic
equivalent of a guaranty, or (k) in respect of any other amount properly characterized as indebtedness in accordance with GAAP.

 

“Indemnified Party”
means either a Purchaser Indemnified Party or a Seller Indemnified Party, as the case may be.

 

“Indemnifying Party”
shall have the meaning set forth in Section ‎6.2(c).

 

“Initial Purchase Price”
shall have the meaning set forth in Part I of Appendix B.

 

“Intellectual Property”
means all intellectual property rights, including, without limitation, (a) patents, patent applications, patent disclosures and
inventions, (b) Internet domain names, trademarks, trade names, service marks, trade dress, trade names, logos and corporate names
and registration and applications for registration of any item listed in clause (b), together with all of the goodwill associated
therewith, (c) copyrights (registered or unregistered), works of authorship and copyrightable works, and registrations and applications
for registration of any item in this clause (c), (d) computer software (whether in source code, object code or other form), data,
databases and any documentation related to any item listed in this clause, (e) trade secrets and other confidential information
(including confidential and proprietary know how, ideas, formulas, compositions, recipes, inventions (whether patentable or unpatentable
and whether or not reduced to practice), manufacturing and production processes, procedures and techniques, research and development
information, drawings, blueprints, specifications, designs, plans, proposals, technical data, financial and marketing plans and
customer and supplier lists and information), (f) all rights of privacy and publicity, (g) other intellectual property rights and
(h) copies and tangible embodiments thereof (in whatever form or medium).

 

“Knowledge” means
(a) with respect to Seller, the actual knowledge of the persons identified in Part VII of Appendix B, which shall
include at a minimum (i) the senior developer responsible for the Project, (ii) the construction manager responsible for the Project,
(iii) the transaction counsel responsible for the financing of the Project and (iv) the finance manager responsible for the financing
of the Project and (b) with respect to the Purchaser, the actual knowledge of the persons identified in Part VII of Appendix
B opposite the name of the Purchaser.

 

“Laws” means
all common law, laws, by-laws, statutes, treaties, rules, Orders, rulings, decisions, judgments, injunctions, awards, decrees,
codes, ordinances, standards, regulations, restrictions, official guidelines, policies, directives, interpretations, Permits or
like action having the effect of law of any Governmental Authority.

 

“Lease” means
a lease, ground lease, sublease, license, concession, easement, right of way, encroachment agreement, municipal right of way agreements,
and road user agreements or other

 

    App. A-1 - 4

     

    

written agreement, including any option
relating thereto, in each case, governing real property, to which HoldCo or any of its Subsidiaries is a party or by which any
of their respective assets is bound.

 

“Lien” on any
asset means any mortgage, deed of trust, lien, hypothec, pledge, charge, security interest, restrictive covenant, right of first
refusal, right of first offer, easement or encumbrance of any kind in respect of such asset, whether or not filed, recorded or
otherwise perfected or effective under applicable law, as well as the interest of a vendor or lessor under any conditional sale
agreement, capital lease or other title retention agreement relating to such asset.

 

“Loss” means
any and all losses (including loss of profit and loss of expected profit), claims, actions, liabilities, damages, expenses, diminution
in value or deficiencies of any kind or character including all interest and other amounts payable to third parties, all liabilities
on account of Taxes and all reasonable legal fees and expenses and other expenses reasonably incurred in connection with investigating
or defending any claims or actions, whether or not resulting in any liability.

 

“Material Adverse Effect”
means any circumstance, matter, condition, development, change, event, occurrence, state of affairs, or effect that, individually
or in the aggregate, is or would reasonably be expected to have a material adverse effect on (a) the business, results of operations,
assets or liabilities, financial condition or properties of HoldCo and its Subsidiaries, taken as a whole, or (b) the ability of
Seller to consummate the transactions contemplated by this Agreement or otherwise perform any of its obligations under this Agreement;
provided, however, none of the following shall be deemed (either alone or in combination) to constitute, and none
of the following shall be taken into account in determining whether there has been, a Material Adverse Effect:

 

(a)  any
change in general economic, political or business conditions;

 

(b)  changes
resulting from acts of war or terrorism or any escalation or worsening of any such acts of war or terrorism threatened or underway
as of the date of this Agreement;

 

(c)  changes
or developments generally affecting the power services industry;

 

(d)  any
changes in accounting requirements or principles imposed by GAAP after the date of this Agreement;

 

(e)  any
changes in applicable Law after the date of this Agreement; or

 

(f)  changes
in the wind power industry that, in each case, generally affect companies in such industry;

 

provided that
the incremental extent of any disproportionate change, event, occurrence, development, effect, condition, circumstance or matter
described in clauses (a) through (f) with respect to HoldCo and its Subsidiaries, taken as a whole, relative to other similarly
situated businesses in the wind power industry may be considered and taken into account in determining whether there has been a
Material Adverse Effect.

 

    App. A-1 - 5

     

    

“Material Contract”
(i) any Material Lease, (ii) the Contracts set forth on Part I, III, IV and V of Appendix D and (iii)
any other Contract to which HoldCo or any of its Subsidiaries is a party or by which any such Person, or any of their respective
assets, is bound (A) providing for past or future payments by or to such HoldCo or any of its Subsidiaries in excess of $500,000
(or its Japanese Yen equivalent) annually or $1,000,000 (or its Japanese Yen equivalent) in the aggregate, (B) relating to any
partnership, joint venture or other similar arrangement, (C) relating to any Indebtedness, (D) limiting the freedom of HoldCo
or any of its Subsidiaries to compete in any line of business or with any Person or in any area or granting “most favored
nation” or similar status, (E) with either Seller or any of such Seller’s Affiliates, (F) with Purchaser or any of
its Affiliates, (G) relating to the acquisition or disposition of any business or material portion thereof (whether by merger,
sale of stock, sale of assets or otherwise), (H) that was not entered into in the ordinary course of business of HoldCo and its
Subsidiaries, or (I) the loss of which would result in a Material Adverse Effect.

 

“Material Contract Change”
shall have the meaning set forth in Section ‎4.1(a).

 

“Material Leases”
means all Leases related to the Project (i) the loss of which would result in a reduction in production of the Project or in its
ability to deliver energy to the point of interconnection or would otherwise result in a Material Adverse Effect, or (ii) that
are otherwise material to the operations of the Project.

 

“Order” means
any writ, judgment, injunction, ruling, decision, order or similar direction of any Governmental Authority, whether preliminary
or final.

 

“Organization Documents”
means, with respect to (a) any corporation, its articles or certificate of incorporation and by-laws, (b) any limited partnership,
its certificate or declaration of limited partnership and its partnership agreement, (c) any limited liability company, its articles
or certificate of organization or formation and its operating agreement, members agreement or limited liability company agreement,
or (d) any other Person, documents of similar substance.

 

“Outside Closing Date”
shall have the meaning set forth in Part III of Appendix B.

 

“Permitted Lien”
means any of the following: (a) Liens for Taxes either not yet due and payable or being contested in good faith through appropriate
proceedings and for which adequate reserves have been established in the Project Company’s balance sheet in accordance with
GAAP; (b) inchoate mechanics’ and materialmen’s Liens for construction in progress and workmen’s, repairmen’s,
warehousemen’s and carrier’s Liens arising in the ordinary course of business either for amounts not yet due or which
have not been perfected, filed or registered in accordance with applicable Law against HoldCo or any of its Subsidiaries, the Project
or the Project Company Real Property; (c) as to any Project Company Real Property, title defects, easements, rights of first refusal,
restrictions, irregularities, encumbrances (other than for borrowed money), encroachments, servitudes, rights of way and statutory
Liens that do not or would not reasonably be expected to materially impair the value or use by HoldCo or any of its Subsidiaries
of the Project Company Real Property; and (d) security given to a public utility or any Governmental Authority when required by
such utility or authority in connection with the operations of HoldCo or any of its Subsidiaries in the ordinary course of business.

 

    App. A-1 - 6

     

    

“Permit” means
filings, registrations, licenses, permits, notices, technical assistance letters, decrees, certificates, approvals, consents, waivers,
Orders, authorizations, agreements, directions, instructions, grants, easements, exemptions, exceptions, variances and authorizations
to or from any Governmental Authority.

 

“Person” means
any individual, corporation, partnership, limited partnership, limited liability partnership, trust, business trust, estate, joint
venture, unincorporated association, limited liability company, cooperative, Governmental Authority or other entity.

 

“Personal Property”
means all office equipment, machinery, equipment, supplies, vehicles, tractors, trailers, tools, spare parts, production supplies,
furniture and fixtures and other items of tangible personal property owned by HoldCo or any of its Subsidiaries used primarily
in connection with ownership, maintenance or operation of the Project.

 

“Post-Closing Adjustment”
shall have the meaning set forth in Part I of Appendix B.

 

“Post-Closing Tax Period”
means, with respect to the applicable Closing Date, any Tax period beginning after the Closing Date; and, with respect to a Straddle
Tax Period, the portion of such Tax period beginning after the Closing Date.

 

“Pre-Closing Tax Period”
means, with respect to the applicable Closing Date, any Tax period ending on or before the Closing Date; and, with respect to a
Straddle Tax Period, the portion of such Tax period ending on the Closing Date.

 

“Project” shall
have the meaning set forth in the recitals to this Agreement, and is more particularly described in Part II of Appendix
C of the Agreement.

 

“Project Company”
shall have the meaning set forth in the recitals to this Agreement, and is more particularly described in Part I of Appendix
C of the Agreement.

 

“Project Company Real Property”
means all real property of HoldCo and its Subsidiaries, together with all buildings, structures, improvements and fixtures of the
Project thereon, (i) held pursuant to a Material Lease or (ii) required to be set forth on Part II of Appendix C.

 

“Purchase Price”
shall have the meaning set forth in Section ‎1.1, and is more particularly described in Part I of Appendix
B.

 

“Purchase Price Adjustment”
shall have the meaning set forth in Part I of Appendix B.

 

“Purchase Rights Agreements”
means that certain Amended and Restated Purchase Rights Agreement dated as of June 16, 2017 by and among Pattern Energy Group LP,
Pattern Energy Group Inc. and, solely with respect to Article IV thereof, Pattern Energy Group Holdings LP and Pattern Energy
GP LLC, as such agreement is amended, modified or supplemented in accordance with its terms.

 

“Purchaser” shall
have the meaning set forth in the preamble to this Agreement.

 

“Purchaser Indemnified Party”
shall have the meaning set forth in Section ‎6.1(a).

 

    App. A-1 - 7

     

    

“Purchaser Subsidiary”
shall have the meaning set forth in the recitals to this Agreement, and is more particularly described in Part II of Appendix
C of the Agreement.

 

“Purchaser’s Maximum
Liability” shall have the meaning set forth in Part VI of Appendix B.

 

“Rules” shall
have the meaning set forth in Section ‎7.4(b).

 

“Securities Act”
shall have the meaning set forth in Section ‎2.10.

 

“Seller” shall
have the meaning set forth in the preamble to this Agreement.

 

“Seller Indemnified Party”
shall have the meaning set forth in Section ‎6.1(b).

 

“Seller’s Maximum Liability”
shall have the meaning set forth in Part VI of Appendix B.

 

“Straddle Tax Period”
means, with respect to the Closing Date, a Tax period that begins on or before the Closing Date and ends thereafter.

 

“Subsidiary”
means, with respect to any Person, any entity of which securities or other ownership interests having ordinary voting power to
elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly
owned by such Person.

 

“Subsidiary Transferor”
shall have the meaning set forth in Part I of Appendix C.

 

“Survival Period”
shall have the meaning set forth in Part VI of Appendix B.

 

“Tax” or “Taxes”
means, collectively all federal, state and local or foreign income, estimated, payroll, withholding, excise, sales, goods and services,
harmonized, value-added, use, real and personal property, corporation, use and occupancy, business and occupation, mercantile,
transfer, capital stock and franchise or other taxes, levies, duties, assessments, reassessments or other charges of any kind whatsoever
(including interest, additions and penalties thereon), whether disputed or not.

 

“Tax Return”
means any return, declaration, notice, form, report, claim for refund or information return or statement relating to the determination,
assessment, collection or payment of Taxes or to the administration, implementation or enforcement of or compliance with any legal
requirement pertaining to Taxes, including, for greater certainty, any schedule or attachment thereto.

 

    App. A-1 - 8

     

    

APPENDIX A-2: RULES OF CONSTRUCTION

 

		1.	The singular includes the plural and the plural includes the singular.

 

		2.	The word “or” is not exclusive.

 

		3.	A reference to a Governmental Rule includes any amendment or modification to such Governmental
Rule, and all regulations, rulings and other Governmental Rules promulgated under such Governmental Rule.

 

		4.	A reference to a Person includes its successors and permitted assigns.

 

		5.	Accounting terms have the meanings assigned to them by GAAP, as applied by the accounting entity
to which they refer.

 

		6.	The words “include,” “includes” and “including” are not limiting
and shall be deemed to mean “include, without limitation”, “includes, without limitation” or “including,
without limitation”.

 

		7.	A reference to an Article, Section, Exhibit, Schedule or Appendix is to the Article, Section, Exhibit,
Schedule or Appendix of this Agreement unless otherwise indicated.

 

		8.	Any reference to “this Agreement”, “hereof,” “herein” and “hereunder”
and words of similar import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision
of this Agreement.

 

		9.	Any reference to another agreement or document shall be construed as a reference to that other
agreement or document as the same may have been, or may from time to time be, varied, amended, supplemented, substituted, novated,
assigned or otherwise transferred.

 

		10.	References to “days” shall mean calendar days, unless the term “Business Days”
shall be used. References to a time of day shall mean such time in New York, New York, unless otherwise specified.

 

		11.	This Agreement is the result of negotiations among, and has been reviewed by, Seller, Purchaser,
and their respective counsel. Accordingly, this Agreement shall be deemed to be the product of the parties thereto, and no ambiguity
shall be construed in favor of or against either Seller or Purchaser.

 

		12.	The words “will” and “shall” shall be construed to have the same meaning
and effect.

 

    App. A-2 - 1

     

    

Appendix
B: Transaction Terms and Conditions

 

	Tsugaru Transaction - GPI
	
        I.  Purchase
        Price

        

	“Purchase Price”:	
        An
amount equal to the aggregate of:

          

        (a)  $6,835,000,
        which amount shall be payable on the Closing Date (the “Initial Purchase Price”); and

         

        (b)  ¥1,141,750,000,
        which amount shall be payable on the date (the “Final Completion Date”) on which the term conversion
        of the construction loan to a term loan is consummated or, if there shall be no such term conversion, the date on which commercial
        operations of the Project Company commences (the “Deferred Purchase Price” and, together with the Initial
        Purchase Price, the “Purchase Price”).

         

        Purchaser shall use approximately ¥7,000,000
        of the Initial Purchase to cause the intercompany loan between Seller and Green Power Tsugaru Holdings GK, a Japanese godo kaisha,
        to be fully paid off at Closing.

        

	Currency:	US Dollars, or when otherwise provided, Japanese Yen.
	
        “Purchase Price Adjustment”:

         
	To the extent that after the date hereof and prior to Closing, Seller contributes any additional equity capital to HoldCo or any of its Subsidiaries, the Initial Purchase Price will be increased on a dollar-for-dollar basis to reflect such additional contributed capital.
	Post-Closing Adjustment:	
        At and after the Closing, the Deferred
        Purchase Price will be adjusted as follows:

         

        (A)  If
        the Final Project Costs for the Project at the point of term conversion of the construction loan are less than or equal to the
        Construction Budget, the Deferred Purchase Price will be increased by an amount equal to the lesser of (i) fifty one million Japanese
        Yen (¥51,000,000) and (ii) the product of (1) 5.00% and (2) the amount by which the Construction Budget exceeds the Final Project
        Costs (disregarding this clause (2) if it is a negative number).

         

        (B)  If
        the Final Project Costs for the Project at the point of term conversion of the construction loan exceed the Construction Budget,
        then the Deferred Purchase Price will be reduced by an amount equal the lesser of (i) fifty one million Japanese Yen (¥51,000,000)
        and (ii) the product of (1) 5.00% and (2)(x) the Final Project Costs less (y) the Construction Budget.

         

        (C)  on
        the Final Completion Date, the Deferred Purchase Price will be adjusted to reflect the Financial Model Adjustment as follows:

        

    1

    

    

	 	
        If the Financial Model Adjustment
        is positive, the Deferred Purchase Price payable by Purchaser to Seller on the Final Completion Date will be increased by an amount
        equal to the product of (x) 5.00% and (y) the Financial Model Adjustment.

         

        If the Financial Model Adjustment
        is negative, the Deferred Purchase Price payable by Purchaser to Seller on the Final Completion Date will be decreased by an amount
        equal to the product of (x) 5.00% and (y) the Financial Model Adjustment.

         

        “Construction Budget”
        means the final amount of the construction budget as defined in the Tsugaru Credit Agreement, less any GE Inclusion Amount.

         

        “Final Project
        Costs” means the actual incurred or accrued (in the case of interest during construction) costs to construct the
        Project, including all of the costs outlined in the Construction Budget, which have actually been incurred, and excluding the GE
        Inclusion Amount.

         

        “GE Inclusion Amount”
        is equal to the yen amount (if any) that the lenders under the Tsugaru Credit Agreement agree to include as Project Costs in the
        final, executed version of the Tsugaru Credit Agreement, which is expected to be Japanese Yen 1,276,000,000.

         

        “Project
        Costs” means (i) the final amount of the Project Costs as defined in the Tsugaru Credit Agreement, less (ii) the
        GE Inclusion Amount, if any; provided that if there are any material changes to the definitions of “Project Costs”
        or “Construction Budget” (including material changes to any of the defined terms used therein) set forth in the Tsugaru
        Credit Agreement, then the parties will cooperate in good faith to make any appropriate changes to the definitions of “Project
        Costs” or “Construction Budget,” as applicable, as such term is used herein.

         

        “Tsugaru Credit Agreement”
        means that certain draft credit agreement dated January 10, 2018, to be entered into by and among the Project Company as Borrower,
        the Bank of Tokyo-Mitsubishi UFJ, Ltd. as Administrative Agent and the other parties thereto.

         

        Financial Model Adjustment

         

        “Financial Model Adjustment”
        means an increase or decrease, as the case may be, in the Deferred Purchase Price payable at the Final Completion Date necessary
        to maintain under the updated Financial Model contemplated by paragraphs (1) and (2) below the 20 year after tax IRR of the Purchaser
        (which shall be denominated in Japanese Yen) (the “Purchaser’s Return”) on a basis consistent with
        the calculations in the Financial Model. The Financial Model Adjustment shall be determined as follows:

        

    2

    

    

	 	
        (1) In lieu of the updated Financial Model
        delivered pursuant to Section 1.5(a)(iii) of the Agreement, not less than five (5) Business Days prior to the Final Completion
        Date the Purchaser shall deliver to the Seller (A) an updated Financial Model for the Project reflecting the adjustments specified
        in paragraph (2) below; and (B) a detailed calculation of the proposed Purchase Price Adjustment applicable to the Deferred Purchase
        Price. The Seller shall have a period of two (2) Business Days to review and confirm the updates to the Financial Model and the
        calculation of the Purchase Price Adjustment applicable to the Deferred Purchase Price. If the Seller disapproves of such updates
        to the Financial Model and/or the calculation of the Purchase Price Adjustment applicable to the Deferred Purchase Price, the parties
        shall have a further period of two (2) Business Days to negotiate the same. In the event that the parties cannot agree on such
        updates to the Financial Model and/or calculation of the Purchase Price Adjustment applicable to the Deferred Purchase Price (acting
        reasonably) following such two (2) Business Day period, (x) the parties shall resolve any dispute in accordance with the procedures
        set forth in Section 1.5(a)(iii) (which, for the avoidance of doubt, shall not delay the Final Completion Date) and (y)
        the amount in dispute shall be retained by the Purchaser until the dispute is resolved as aforesaid. Subject to the foregoing,
        Purchase shall deliver to Seller a signed direction containing the final determination of the Deferred Purchase Price (less any
        disputed amount) for the Seller not less than two (2) Business Days prior to the Final Completion Date.

         

        (2) The updated Financial Model delivered
        pursuant to paragraph (1) shall reflect any changes since the date of this Agreement through the Final Completion Date that could
        reasonably be expected to impact the Purchaser’s Return but solely to the extent relating to:

         

        (A)  changes
        in the final financing terms for the Project (including the terms of any project debt financing);

         

        (B)  changes
        to reflect amendments to or new Material Contracts that have an economic impact on the Project;

         

        (C)  changes
        in the amounts and timing of material acquired assets and liabilities not associated with operating the Project in the ordinary
        course, including consumption tax reimbursements, system upgrades and warranty claims;

         

        (D)  changes
        to the Final Completion Date from the expected Final Completion Date;

         

        (E)  changes
        in the timing of Closing, the amount and timing of payment of the Initial Purchase Price, the Deferred Purchase Price and any Purchase
        Price Adjustments, and the amount and date of the initial distribution to the Purchaser (considering any distributions received
        by the Seller prior to Closing, and with the Seller leaving a reasonable amount of working capital in the project to fund near
        term payables);

         

        (F)   manifest
        errors; and

         

        (G)  changes
        to the net capacity factor (NCF) directly attributable to any changes to as-built conditions. \

        

    3

    

    

	Deferred Purchase Price:	See definition in Part I above
	
        Payment Mechanics and Payee Information:

         
	
        Seller

         

        Bank: 

        

        Account #: 

        Account Name: 

        

        SWIFT: 

        

	
        II.  Signing
        Date Deliverables

        

	
        Seller’s Signing Date Deliverables:

         
	
        Duly executed copies of:

        

        ·     Purchase
        and Sale Agreement by and between Purchaser and Seller related to Purchaser’s acquisition of the membership interests of
        GK Green Power Kanagi, GK Green Power Otsuki and Otsuki Wind Power Corporation (the “Kanagi, Ohorayama and Otsuki GPI
        PSA”), dated as the date hereof.

        

	Purchaser’s Signing Date Deliverables:	
        Duly executed copies of:

        

        ·     the
Kanagi, Ohorayama and Otsuki GPI PSA; 

        ·     Purchase
        and Sale Agreement by and between Purchaser and LP1 related to Purchaser’s acquisition of the membership interests of GK
        Green Power Kanagi, GK Green Power Otsuki and GK Green Power Futtsu (the “Kanagi, Ohorayama and Futtsu LP1 PSA”),
        dated as the date hereof;

        

        ·     Purchase
and Sale Agreement, by and between Purchaser and LP1 related to the Project Company (the “Tsugaru LP1 PSA”),
dated as the date hereof; and 

        ·     Deferred
        Payment Agreement by and between Purchaser and LP1, dated as the date hereof.

        

	
        III.  Closing

        

	
        Closing Location:

         
	
        At the offices of Purchaser:

        

        Pier 1, Bay 3 

        San Francisco, CA 94111

        

	Expected Closing Date:	March 5, 2018
	
        Outside Closing Date:

        
	June 30, 2018

	
        IV.  Closing
        Deliverables & Conditions Precedent to Closing

        

	Additional Closing Deliverables of Seller: 	
        In addition to the closing deliverables
        set forth in Section 1.5(a) of the Agreement, Seller shall deliver, or cause to be delivered, to Purchaser the additional
        closing deliverables set forth in Appendix B-1.

        

    4

    

    

	Additional Closing Deliverables of Purchaser: 	
        In addition to the closing deliverables
        set forth in Section 1.5(b) of the Agreement, Purchaser shall deliver, or cause to be delivered, to Seller the additional
        closing deliverables set forth in Appendix B-2.

        

	Additional Conditions Precedent to Each Party’s Obligations to Close:	
        In addition to the conditions
precedent set forth in Section 5.1 of the Agreement, the obligation of Purchaser and Seller to Close is subject to the
additional conditions precedent set forth in Appendix B-3. 

	Additional Conditions Precedent to Purchaser’s Obligations to Close:	
        In addition to the conditions precedent
        set forth in Section 5.2 of the Agreement, the obligation of Purchaser to Close is subject to the additional conditions
        precedent set forth in Appendix B-4.

        

	Additional Conditions Precedent to Seller’s Obligations to Close:	
        In addition to the conditions
precedent set forth in Section 5.3 of the Agreement, the obligation of Seller to Close is subject to the additional conditions
precedent set forth in Appendix B-5. 

	Set-off	Purchaser shall have the right to set off any indeminification payments to be made by Seller, on a dollar-for-dollar basis, against any amounts payable to Seller pursuant to the Post-closing Adjustment in Part I of Appendix B and/or the Deferred Purchase Price.

	
        V.  Additional
        Termination Rights

        

	
        By Either Purchaser or Seller:

         
	
        N/A

         

	
        By Purchaser:

         
	
        Purchaser shall have the right to terminate
        this Agreement without any liability or payment, at any time prior to the occurrence of the Closing hereunder, if:

         

        ·     any
        of the Kanagi, Ohorayama and Futtsu LP1 PSA, the Kanagi, Ohorayama and Otsuki GPI PSA or the Tsugaru LP1 PSA is terminated for
        any reason prior to the closing of the Acquisitions (as defined therein) contemplated thereby; or

        

        ·     one
        or more circumstances, developments, changes or events has occurred since the date hereof that, individually or in the aggregate,
        could reasonably be expected to result in the failure of a condition to closing the financing with respect to the Project contemplated
        under the Tsugaru Credit Agreement.

        

	
        By Seller:

        
	
        N/A

	
        VI.  Indemnification
        Provisions

        

	
        Additional Seller Indemnity Obligations:

        
	None
	
        Additional Purchaser Indemnity Obligations:

        
	None 

    5

    

    

	
        Survival Period:

         
	Until the date that is 12 months after the Closing, except for (i) the representations and warranties in Sections 2.1, 2.2, 2.3(a), 2.6 and 2.11 and any claim for any breach of any representation or warranty involving actual fraud or willful misrepresentation, which shall survive until the expiration of the relevant statute of limitations, (ii) the representation and warranty in Section 2.18 with respect to the Indebtedness of HoldCo and its Subsidiaries, which shall survive until the date that is the later of: (A) 6 months after the Closing; and (B) 3 months following the completion of the Project Company's first annual audited financial statements for a fiscal year ending after the Closing, and (iii) the representations and warranties in Section 2.9, which shall survive until the date that is 60 days after the expiration of the period, if any, during which an assessment, reassessment or other form of recognized written demand assessing liability for Tax, interest or penalties under applicable Law in respect of any taxation year to which such representations and warranties relate could be issued to HoldCo or any of its Subsidiaries (the “Survival Period”). 
	Representations and Warranties:	Pursuant to the LP1 PSA, LP1 is making certain representations and warranties with respect to the Project and the Project Company and its Subsidiaries (the “Tsugaru Representations”).  Notwithstanding anything in this Agreement to the contrary, Seller is making no representations and warranties in Article II of this Agreement with respect to the subject matter of the Tsugaru Representations, and the Tsugaru Representations shall constitute the sole representations and warranties being made to Purchaser with respect to the Project and the Project Company and its Subsidiaries in connection with the transactions contemplated hereby; provided that the foregoing limitations shall not apply to any actual fraud or willful misrepresentation by the Seller.
	Allocation of Indemnification Payments:	
        If Purchaser is entitled to receive indemnification
        from LP1 under the LP1 PSA with respect to (1) any Tsugaru Representations and/or (2) any covenants contained in Article 4 of the
        LP1 PSA to the extent relating to the Project Company and its Subsidiaries or the Project (“Project Level Indemnity Obligations”)
        (which indemnification shall, as provided in the LP1 PSA, be determined by calculating Purchaser’s “Losses” as
        if LP1 had indirectly owned and sold to Purchaser both (i) the Acquired Interests (as defined in the LP1 PSA) and (ii) the Acquired
        Interests under this Agreement), then the aggregate amount of such indemnification payments shall be made severally and not jointly
        by LP1 and Seller in the following proportions: 5.00% by Seller and 95.00% by LP1; provided that the foregoing allocation
        shall not apply to any actual fraud or willful misrepresentation by either LP1 or Seller, and each of LP1 and Seller shall remain
        fully liable for its own actual fraud or willful misrepresentation as and to the extent provided for in the LP1 PSA (in the case
        of LP1) and this Agreement (in the case of Seller).

         

        Solely in respect of the Tsugaru Representations
        and the Project Level Indemnity Obligations, the foregoing indemnification by Seller shall be in lieu of any indemnification by
        Seller under Section 6.1(a)(i).

        

    6

    

    

	Limitation on Liability:	
        “Basket Amount”:

         
	1.00% of the applicable Purchase Price; provided that (i) the Basket Amount shall not apply to Seller’s payment obligations relating to Project Level Indemnity Obligations, (ii) if Seller makes (or is obligated to make) any payments with respect to the Project Level Indemnity Obligations relating to breaches of representations and warranties then the Basket Amount shall be deemed to have been satisfied and (iii) if Purchaser has made indemnification claims to LP1 under the LP1 PSA with respect to Project Level Indemnity Obligations relating to representations and warranties but no indemnification payments have been made because the applicable Basket Amount has not been satisfied under the LP1 PSA, then 5.00% of the unpaid amounts so claimed shall be treated as claims under this Agreement for purposes of satisfying the Basket Amount hereunder.

	 	“Seller’s Maximum Liability”:	
        11.00% of the applicable Purchase Price; provided
        that the amount of any payments made by Seller with respect to Project Level Indemnity Obligations shall, subject to the application
        of the proviso in Section 6.2(b)(i) of this Agreement (applied mutatis mutandis with respect to the applicable provisions
        of the LP1 PSA), for purposes of Section 6.2(b)(i) of this Agreement be treated as payments by Seller for Claims under this Agreement.

        

	 	
        “Purchaser’s Maximum Liability”:

        
	11.00% of the Purchase Price.

	
        Additional Refund or Reimbursement Obligations:

         
	
        By Purchaser or Purchaser Indemnified Party:
        None

         

        By either Seller or any Seller Indemnified
        Party: None

        

	
        VII.  Additional
        Transaction Terms

        

	Required Governmental Approvals:	
        1.    Pattern
        US Finance Company LLC to submit to Bank of Japan a prior notification of inward direct investment (tainai chokusetsu toshi)
        in regard to the investment in HoldCo pursuant to the Foreign Exchange and Foreign Trade Act of Japan.

         

        2.    HoldCo
        to submit to Bank of Japan a prior notification of inward direct investment (tainai chokusetsu toshi) in regard to the investment
        in the Project Company pursuant to the Foreign Exchange and Foreign Trade Act of Japan.

        

    7

    

    

	Persons with Knowledge:	
        Purchaser’s Persons with Knowledge:
        Esben Pedersen, Mike Lyon and Dyann Blaine

         

        Seller’s Persons with Knowledge: Yukitake
        Hayashi, Yoshiyuki Mitsuhashi, Shoichi Yoshizaki, Kevin Deters

        

	
        Additional Assignment Rights:

         
	
        Assignment Rights of Seller: None

         

        Assignment Rights of Purchaser:
        None

        

	Governing Law:	
        New York

         

	Notice Information:	
        To Purchaser:

         
	
        Pier 1, Bay 3

        

        San Francisco, CA 94111 

        Attention: General Counsel

        

        Phone: 415-283-4000 

        Fax: 415-362-7900

        

	 	
        To Seller:

         
	
        Akasaka Intercity 3/F 

        1-11-44 Akasaka, Minato-ku

        

        Tokyo, Japan  107-0052 

        Attention: CFO and General Counsel

        

        Phone: +81 (3) 4510-2112 

    8

    

    

APPENDIX
B-1:

 

ADDITIONAL
CLOSING DELIVERABLES OF Seller

 

		1.	A properly executed Assignment and Assumption Agreement between Seller and Subsidiary Purchaser
transferring 100% of the equity interests in HoldCo.

 

		2.	Consent Letter by the HoldCo for Japanese law perfection purposes.

 

		3.	Written consent of participating members regarding amendment of articles of incorporation of the
HoldCo.

 

		4.	Amended and restated articles of incorporation of the HoldCo.

 

		5.	Written consent of all members of the HoldCo which authorizes and approves the transfer of the
membership interest from the Seller to the Subsidiary Purchaser.

 

		6.	Documents required for the commercial registration regarding change of the participating member
of the HoldCo.

 

    9

    

    

Appendix
B-2:

 

Additional
Closing Deliverables of purchaser

 

Copies or originals of the following documents,
each dated as of or prior to the Closing Date:

 

		1.	A properly executed Assignment and Assumption Agreement between Seller and Subsidiary Purchaser
transferring 100% of the equity interests in HoldCo.

 

.

 

    10

    

    

APPENDIX
B-3:

 

Additional
Conditions Precedent to

Each
Party’s Obligations to Close

 

		1.	Receipt of the required Governmental Approvals (excluding the post-closing items) identified in

Part VII of Appendix
B.

 

		2.	The Project Company shall have negotiated the final, execution version of the Tsugaru Credit Agreement (or a replacement financing
with institutional lenders) substantially on the terms of such draft; provided that any material changes from the Tsugaru
Credit Agreement shall require the mutual approval of Purchaser and Seller, each acting reasonably and in good faith. The proposed
lenders thereto shall be ready and willing to execute and deliver such financing.

 

		3.	Neither Purchaser or Seller shall have obligation to consummate the Closing if, after the date hereof and prior to the Closing,
Seller or an Affiliate thereof has made equity capital contributions to, including payments on behalf of, HoldCo or any of its
Subsidiaries, and the Financial Model, after giving effect to the Purchase Price Adjustment corresponding to such additional equity
capital contributions set forth in Part I of Appendix I, would result in a negative Purchase Price.

 

		4.	HoldCo shall have negotiated the final, execution version of an equity back leverage loan (the “EBL”) in form and
substance reasonably satisfactory to Purchase, and proposed lenders thereunder shall be ready and willing to execute and deliver
such financing.

 

    11

    

    

Appendix
B-4:

 

ADDITIONAL CONDITIONS PRECEDENT TO

PURCHASER’S OBLIGATIONS TO CLOSE

 

None.

 

    12

    

    

APPENDIX
B-5:

 

Additional
Conditions Precedent to 

 

SELLER’S
Obligations to Close

 

None.

 

    13

    

    

APPENDIX
C: Acquired Interests; Ownership Structure; 

 

and
Project Information

 

	TSUGARU  TRANSACTION - GPI

	I.Acquired Interests & Ownership Structure

	Project Company:	Green Power Tsugaru GK, a Japanese godo kaisha
	Holding Company (“HoldCo”):	Green Power Tsugaru Holdings GK, a Japanese godo kaisha
	Subsidiaries of HoldCo	Project Company. For purpose of this Agreement, the Project Company shall be considered as a Subsidiary of HoldCo, notwithstanding the fact that HoldCo owns a minority interest in the Project Company.
	Subsidiaries of Project Company	None
	Subsidiary Purchaser	Pattern US Finance Company LLC, a Delaware limited liability company 
	Subsidiary Transferor	None
	Percentage of Project Company Acquired by Purchaser:	5.00%. 
	Percentage to be Acquired from LP1:	95.00%. These additional interests in the Project Company are being sold to Purchaser pursuant to the Purchase and Sale Agreement by and between Purchaser and LP1 dated as of the date hereof.
	Acquired Interests:	100% of the membership interests in HoldCo (the “Acquired Interests”).

    14

    

    

	Direct or Indirect Co-Owners of Project Company:	
        Structure Immediately Prior to the Closing

         

        

         

    15

    

    

	Direct or Indirect Co-Owners of Project Company (cont.):	
        Structure Immediately Following the Closing

         

        

         

	II.Project Information
	Project:	
        Nameplate capacity: 121.6 MW

        

        Location: Aomori
Prefecture, Japan 

        Wind turbine type and manufacturer: General Electric
        3.2-103

        

	Commercial Operation Date of Project:	Mid-2020 (estimate)
	Permits & Governmental Approvals:	See attached Appendix C-1.
	Legal description of Project site (i.e., real property description):	See attached Appendix C-2

    16

    

    

APPENDIX C-1: PERMITS & GOVERNMENTAL
APPROVALS

 

PERMITS

 

	 	Document
	1.	
        Environmental Impact Assessment Act and Prefecture
        Ordinance:

         

        (a)   Submission and public notice
        of environmental impact assessment report (hyoukasho);

         

        (b)   Receipt of confirmatory notice
        from METI (kakutei tsuchi); and

         

        (c)   Submission of notice of commencement
        of construction works to Aomori prefecture (chakko todoke).

        

	2.	
        FIT Law:

         

        (a)   Approval (setsubi nintei) by Minister of
        Economy, Trade and Industry of Japan.

         

        (b)   Notice regarding Deemed FIT Business Plan Approval
        (minashi nintei ikou tetsuzuki kanryo no oshirase)

        

	3.	
        Forest Act:

         

        (a)   Permit for activities
        in protecting forest (hoanrin nai sagyou kyoka) by the chief of Northwest Branch Office of Aomori Prefecture.

         

        (b)   Notification of felling
        in forest (bassai todoke) to the Mayor of Tsugaru City.

        

	4.	
        Non-Legal Public Property Management Regulations:

         

        Permits for use of non-legal
        public properties (houtei-gai koukyoubutsu shiyou kyoka) from the following municipalities:

         

        (a)   Tsugaru City

         

        (b)   Tsuruta Town

        

	5.	
        Soil Contamination Countermeasures Act:

         

        Notifications to and acceptances by Aomori Prefecture
        regarding changes to land character.

        

	6.	
        Factory Location Act:

         

        (a)   Notification related to
        new construction of designated factories and application for shortening of the restricted period to the Mayor of Tsugaru City.

         

        (b)   Permit for shortening the restricted period
        by the Mayor of Tsugaru City.

        

	7.	
        Construction Waste Recycling Act:

         

        Notification of demolition and new construction
        work of a certain scale to Aomori Prefecture.

        

	8.	
        Act on Promoting Generation of Electricity
        from Renewable Energy Sources Harmonized with Sound Development of Agriculture, Forestry and Fisheries:

         

        Application to and approval by the Mayor of Tsugaru
        City for the facility construction plan (setsubi seibi keikaku).

        

	9.	
        Agricultural Land Act:

         

        Permits for temporary conversion of agricultural
        lands by the governor of Aomori Prefecture.

        

	10.	
        Act on Establishment of Agricultural Promotion
        Regions:

         

        Permit to change the area of Agricultural Promotion
        Area.

        

	11.	
        Aomori Prefecture Landscape Ordinance

         

        Notification to and acceptance notice by the Governor
        of Aomori Prefecture for a large-scale development.

        

    17

    

    

	12.	
        Road Act:

         

        (a) Road occupancy permission
        from the following municipalities:

        

        (i)
Tsugaru City 

        (ii) Aomori Prefecture

        

        (iii) Tsuruta Town

         

        (b)
Approval for road construction (douro kouji sekou shounin) by the following municipalities: 

        (i) Tsugaru City

        

        (ii)
Aomori Prefecture 

        (iii) Tsuruta Town

        

	13.	
        Tsugaru City Financial Regulations:

         

        Permit for use of administrative assets by the
        Mayor of Tsugaru City.

        

	14.	
        Cultural Assets Preservation Act:

         

        Notifications of digging
        to the Tsugaru City Board of Education.

        

	15.	
        River Act:

         

        River crossing permits for Iwaki-gawa River (a national
        river) and Yamada-gawa River (a prefectural river) (currently under application).

        

	16.	
        Electricity Business Act:

         

        (a)   Submission of Project
        Safety Conditions (hoan kitei) to the manager of Kanto Tohoku Industrial Safety and Inspection Department.

         

        (b)   Notifications of construction
        plan (kouji keikaku no todokede) to the manager of Kanto Tohoku Industrial Safety and Inspection Department.

         

        (c)   Notification of appointment
        of chief electrical engineer (denki shunin gijutsusha sen-nin no todokede) to the manager of Kanto Tohoku Industrial Safety
        and Inspection Department.

         

        (d)   Filing of power producer
        (hatsuden jigyousha) to the chief of Tohoku Bureau of Economy, Trade and Industry.

         

        (e)   Notification of supply
        plan (kyoukyu keikaku todokede) to the Minister of Economy, Trade and Industry of Japan.

        

	17.	
        Wire Telecommunications Act:

         

        Notification of installation of wire telecommunications
        equipment to the Minister of the Internal Affairs and Communications.

        

	18.	
        Industrial Safety and Health Act:

         

        Notification of construction plan to Goshogawara Labor
        Standards Supervision Office.

        

	19.	
        Land Improvement Act:

         

        Permits for use of land
        improvement assets (tochi kairyou zaisan) from the following Land Improvement Districts and municipalities:

         

        (a)   Byobusan Land Improvement
        District

         

        (b)   Nishi Tsugaru Land Improvement
        District

         

        (c)   Aomori Prefecture

         

        (d)   Edagawa Tsuruta Land
        Improvement District

         

        (e)   Goshogawara Hokubu Land
        Improvement District

        

	20.	
        Road Traffic Act:

         

        Road use permission.

        

	21.	Permits to be obtained after the Closing are set forth in Schedule 2.14.

    18

    

    

APPENDIX C-2: LEGAL DESCRIPTION OF PROJECT
SITE

 

The real estate documents
listed in Article V (Real Estate Documents) of Appendix D (Documents & Key Counterparties) are incorporated herein
by reference.

 

    19

    

    

APPENDIX
d: Documents & Key Counterparties1

 

	Tsugaru Transaction

	I.Material Project Agreements & Key Counterparties

	Contract for the Sale of Power Generation Equipment and Related Services	Date: October 19, 2017

General Electric International Inc.
	Balance of Plant Contract for Tsugaru Wind Farm	Date: July 10, 2017

Kajima Corporation Tohoku Branch
	Limited Notice to Proceed No. 1	Date: December 1, 2016

Kajima Corporation Tohoku Branch
	Limited Notice to Proceed No. 2	Date: April 5, 2017

Kajima Corporation Tohoku Branch
	Limited Notice to Proceed No. 3	Date: June 1, 2017

Kajima Corporation Tohoku Branch
	Limited Notice to Proceed No. 4	Date: June 1, 2017 (as amended)

Kajima Corporation Tohoku Branch
	Scope Change Order No. 1 to Limited Notice to Proceed No. 1, 2 and 3	Date: August 9, 2017

Kajima Corporation Tohoku Branch
	Limited Notice to Proceed No. 5	Date: September 1, 2017

Kajima Corporation Tohoku Branch
	Limited Notice to Proceed No. 6	Date: October 16, 2017 (as amended)

Kajima Corporation Tohoku Branch
	Agreement (for construction of transmission line)	Date: December 27, 2017

East Japan Railway Company
	Full Service Agreement	Date: October 19, 2017

General Electric International, Inc. (Japan Branch)
	Management, Operation, and Maintenance Services Agreement	Date: To be executed in conjunction with the project financing

Green Power Operation GK
	Project Administration Agreement	Date: To be executed in conjunction with the project financing

Green Power Operation GK
	General Electric Company Parent Guaranty Agreement - Turbine Supply Agreement	Date: February 1, 2018

General Electric International Inc.
	General Electric Company Parent Guaranty Agreement - Full Service Agreement	Date: February 1, 2018

General Electric International Inc.
	Insurance Policy (DSU)	Date: February 7, 2018

Swiss Re International SE, Japan Branch
	Insurance Policy (EAR)	Date: February 7, 2018

Swiss Re International SE, Japan Branch
	Power Purchase Agreement	Date: March 31, 2017 (amended on January 26, 2018)

Tohoku Electric Power Company
	Notice of Interconnection, Invoice for Contribution in Aid of Construction Cost	Date: December 27, 2017

Tohoku Electric Power Company

	II.Reports, Other Deliverables and Consultants

	Independent Engineer:	Mott MacDonald Japan KK

 

 

1 Certain documents and agreements
listed in Appendix D have not been executed and are in form substantially consistent with the terms described to Purchaser
on or prior to the date hereof.

    20

    

    

	Independent Engineer’s Report:	Tsugaru Wind Farm Lenders’ Technical Advisor Final Report, dated September 23, 2017
	Insurance Consultant:	JLT Japan Limited
	Insurance Consultant’s Report:	Tsugaru Wind Farm Insurance Advisory Report, dated February 5, 2018
	Independent Financial Model Advisor:	Tokyo Kyodo Accounting Office
	Independent Financial Model Advisor’s Report:	Draft Report on the Results of the Agreed Procedure regarding Wind Power Project, dated February 8, 2018
	Wind Consultant:	DNV GL AS Japan Branch
	Wind Consultant’s Report:	Report Ref. 195057-JPYO-R-01-E, dated October 20, 2017

	III.Financing Arrangements & Key Counterparties

	Tsugaru Credit Agreement	Under negotiation with lenders

	IV.Equity and Co-Ownership Arrangements & Key Counterparties

	Members’ Agreement	Date: May 27, 2014

Green Power Tsugaru Holdings GK and Tsugaru Holdings LLC
	Amendment to Members’ Agreement	Date: January 31, 2018

Green Power Tsugaru Holdings GK and Tsugaru Holdings LLC
	Contribution Agreement	None
	Development Fee Agreement	Date: November 21, 2017

Green Power Tsugaru GK, Green Power Investment Corporation, Green Power Tsugaru Holdings GK and Tsugaru Holdings LLC 
	GPI Development Service Agreement 	Date: May 27, 2014

Green Power Tsugaru GK and Green Power Investment Corporation
	GPI Development Service Agreement amendment	March 31, 2016

Green Power Tsugaru GK and Green Power Investment Corporation
	PEGLP Development Service Agreement 	Date: May 27, 2014

Green Power Tsugaru GK and Pattern Development Japan GK
	PEGLP Development Service Agreement amendment	Date: March 31, 2016

Green Power Tsugaru GK and Pattern Development Japan GK
	PEGLP Development Loan Agreement 	May 27, 2014

Green Power Tsugaru GK and Tsugaru Holdings LLC

	V.Real Estate Documents 

	Real Property Agreement	Land Plots
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of June 29, 2017 by and between Go Sasaki and Green Power Tsugaru GK	Washinosawa 443-2, 443-1
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 18, 2017 by and between Hitoshi Kudo and Green Power Tsugaru GK	Washinosawa 444-1, 444-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of June 29, 2017 by and between Go Sasaki and Green Power Tsugaru GK	Washinosawa 443-2; 443-1
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 18, 2017 by and between Hitoshi Kudo and Green Power Tsugaru GK	Washinosawa 444-2; 444-1, 445, 446
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 18, 2017 by and between Manabu Narumi and Green Power Tsugaru GK	Washinosawa 440-1, 440-2

    21

    

    

	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Haruo Narumi and Green Power Tsugaru GK	Washinosawa 439
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 18, 2017 by and between Manabu Narumi and Green Power Tsugaru GK	Washinosawa 440-2; 440-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 19, 2017 by and between Haruo Narumi and Green Power Tsugaru GK	Washinosawa 439
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 20, 2017 by and between Fusashi Kudo and Green Power Tsugaru GK	Washinosawa 430
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 11, 2017 by and between Yukiko Hirayama and Green Power Tsugaru GK	Washinosawa 436-1, 436-2, 437
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 18, 2017 by and between Tokio Kudo and Green Power Tsugaru GK	Washinosawa 438
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 19, 2017 by and between Yukiko Hirayama and Green Power Tsugaru GK	Washinosawa 436-2; 436-1, 437
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 18, 2017 by and between Hideo Narumi and Green Power Tsugaru GK	Washinosawa 433
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 4, 2017 by and between Takeyoshi Kudo and Green Power Tsugaru GK	Washinosawa 432
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 25, 2017 by and between Kyoichi Kudo and Green Power Tsugaru GK	Washinosawa 605-1, 605-2
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Kazuichi Kudo and Green Power Tsugaru GK	Washinosawa 606
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 25, 2017 by and between Kyoichi Kudo and Green Power Tsugaru GK	Washinosawa 605-2; 605-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 19, 2017 by and between Tsuyoshi Kudo and Green Power Tsugaru GK	Washinosawa 604
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 19, 2017 by and between Kazuichi Kudo and Green Power Tsugaru GK	Washinosawa 606
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Kazuichi Kudo and Green Power Tsugaru GK	Washinosawa 600-1, 600-2, 601-1, 601-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 19, 2017 by and between Kazuichi Kudo and Green Power Tsugaru GK	Washinosawa 600-2, 601-2; 600-1, 601-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 2, 2017 by and between Hideo Kudo and Green Power Tsugaru GK	Washinosawa 599

    22

    

    

	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of June 2, 2017 by and between Masami Kudo and Green Power Tsugaru GK	Washinosawa 596-1, 596-2
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 4, 2017 by and between Hideyuki Sonoda and Green Power Tsugaru GK	Washinosawa 597
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of June 2, 2017 by and between Masami Kudo and Green Power Tsugaru GK	Washinosawa 596-2; 596-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 4, 2017 by and between Hideyuki Sonoda and Green Power Tsugaru GK	Washinosawa 597
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 4, 2017 by and between Masanori Otaka and Green Power Tsugaru GK	Washinosawa 595
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 7, 2017 by and between Futoshi Sato and Green Power Tsugaru GK	Washinosawa 189-1, 189-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 7, 2017 by and between Futoshi Sato and Green Power Tsugaru GK	Washinosawa 189-2; 189-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 11, 2017 by and between Yukimori Ito and Green Power Tsugaru GK	Washinosawa 186
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 11, 2017 by and between Ikuo Matsuhashi and Green Power Tsugaru GK	Washinosawa 185-1, 185-2
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 18, 2017 by and between Chikara Era and Green Power Tsugaru GK	Washinosawa 191
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 4, 2017 by and between Koichi Sato and Green Power Tsugaru GK	Washinosawa 184-4, 184-8
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 11, 2017 by and between Ikuo Matsuhashi and Green Power Tsugaru GK	Washinosawa 184-3
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 4, 2017 by and between Koichi Sato and Green Power Tsugaru GK	Washinosawa 184-8; 184-4
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 11, 2017 by and between Ikuo Matsuhashi and Green Power Tsugaru GK	Washinosawa 184-3
	Easement of Access Agreement (tsukou chiekiken tou settei keiyakusho) dated as of August 21, 2017 by and between Koichi Sato and Green Power Tsugaru GK	Washinosawa 184-4
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 19, 2017 by and between Ikuo Matsuhashi and Green Power Tsugaru GK	Washinosawa 184-3
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 25, 2017 by and between Susumu Narumi and Green Power Tsugaru GK	Washinosawa 500, 501-1, 501-2

    23

    

    

	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 25, 2017 by and between Susumu Narumi and Green Power Tsugaru GK	Washinosawa 501-2; 500, 501-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 19, 2017 by and between Yuzo Noro and Green Power Tsugaru GK	Washinosawa 502
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Kazuo Kudo and Green Power Tsugaru GK	Washinosawa 486-1, 486-2
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Ryoko Sakamoto and Green Power Tsugaru GK	Washinosawa 485
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 19, 2017 by and between Kazuo Kudo and Green Power Tsugaru GK	Washinosawa 486-2; 486-1, 487
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 19, 2017 by and between Ryoko Sakamoto and Green Power Tsugaru GK	Washinosawa 485
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Tomoko Kudo and Green Power Tsugaru GK	Washinosawa 638-1, 638-2
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Kenichi Sasaki and Green Power Tsugaru GK	Washinosawa 639
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 19, 2017 by and between Tomoko Kudo and Green Power Tsugaru GK	Washinosawa 638-2; 638-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 19, 2017 by and between Kenichi Sasaki and Green Power Tsugaru GK	Washinosawa 639
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 18, 2017 by and between Chikara Era and Green Power Tsugaru GK	Washinosawa 637
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 25, 2017 by and between Kazuhiro Narumi and Green Power Tsugaru GK	Washinosawa 630-1, 630-2
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Takeshi Kudo and Green Power Tsugaru GK	Washinosawa 629
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 25, 2017 by and between Kazuhiro Narumi and Green Power Tsugaru GK	Washinosawa 630-2; 630-1, 631
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 19, 2017 by and between Takeshi Kudo and Green Power Tsugaru GK	Washinosawa 629
	Easement of Access Agreement (tsukou chiekiken tou settei keiyakusho) dated as of August 21, 2017 by and between Kazuhiro Narumi and Green Power Tsugaru GK	Washinosawa 630-1, 631
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of June 13, 2017 by and between Fumio Kudo and Green Power Tsugaru GK	Washinosawa 218-1, 218-2

    24

    

    

	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 18, 2017 by and between Shigeru Oyama and Green Power Tsugaru GK	Washinosawa 219
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of June 13, 2017 by and between Fumio Kudo and Green Power Tsugaru GK	Washinosawa 218-2; 218-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 18, 2017 by and between Shigeru Oyama and Green Power Tsugaru GK	Washinosawa 219
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 7, 2017 by and between Yuji Kajiura and Green Power Tsugaru GK	Washinosawa 214-1, 214-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 7, 2017 by and between Yuji Kajiura and Green Power Tsugaru GK	Washinosawa 214-2; 214-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 11, 2017 by and between Ryoichi Sato and Green Power Tsugaru GK	Washinosawa 215
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 7, 2017 by and between Kousei Sato and Green Power Tsugaru GK	Washinosawa 209-1, 209-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 7, 2017 by and between Kousei Sato and Green Power Tsugaru GK	Washinosawa 209-2; 209-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 11, 2017 by and between Kenji Ono and Green Power Tsugaru GK	Washinosawa 196
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 21, 2017 by and between Norimasa Masuda and Green Power Tsugaru GK	Washinosawa 536-1, 536-2, 537
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of August 21, 2017 by and between Norimasa Masuda and Green Power Tsugaru GK	Washinosawa 536-2, 536-1, 537
	Easement Agreement (chiekiken settei keiyakusho) dated as of December 27, 2017 by and between  Ushigata Neighborhood Association and Green Power Tsugaru GK	Washinosawa 180-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 22, 2017 by and between Norimasa Masuda and Green Power Tsugaru GK	Washinosawa 536-1
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 18, 2017 by and between Tokiharu Sasaki and Green Power Tsugaru GK	Washinosawa 525-1, 525-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 18, 2017 by and between Tokiharu Sasaki and Green Power Tsugaru GK	Washinosawa 525-2; 525-1, 526
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 18, 2017 by and between Toko Kanazawa and Green Power Tsugaru GK	Washinosawa 524
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Tetsuo Sasaki and Green Power Tsugaru GK	Washinosawa 660-1, 660-2

    25

    

    

	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Katsuo Sasaki and Green Power Tsugaru GK	Washinosawa 659
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 19, 2017 by and between Tetsuo Sasaki and Green Power Tsugaru GK	Washinosawa 660-2; 660-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 2, 2017 by and between Katsuo Sasaki and Green Power Tsugaru GK	Washinosawa 659
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 19, 2017 by and between Shinya Sasaki and Green Power Tsugaru GK	Washinosawa 551
	Easement Agreement (chiekiken settei keiyakusho) dated as of December 27, 2017 by and between Ushigata Neighborhood Association and Green Power Tsugaru GK	Washinosawa 181-2, 128-3, 129-52
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of December 4, 2017 by and between Shimo Ushigata Neighborhood Association and Green Power Tsugaru GK	Washinosawa 182-1, 182-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of December 4, 2017 by and between Shimo Ushigata Neighborhood Association and Green Power Tsugaru GK	Washinosawa 182-2; 182-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 6, 2017 by and between Hitoshi Mitsuhashi and Green Power Tsugaru GK	Washinosawa 656
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 6, 2017 by and between Ikuo Kudo and Green Power Tsugaru GK	Washinosawa 667
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 19, 2017 by and between Seiichi Era and Green Power Tsugaru GK	Washinosawa 254-1, 254-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 19, 2017 by and between Seiichi Era and Green Power Tsugaru GK	Washinosawa 254-2;  253, 254-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 11, 2017 by and between Ikuo Matsuhashi and Green Power Tsugaru GK	Washinosawa 262
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 21, 2017 by and between Yatsue Masuda and Green Power Tsugaru GK	Washinosawa 246-1, 246-2
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 25, 2017 by and between Eiichi Kudo and Green Power Tsugaru GK	Washinosawa 245-1, 245-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of August 21, 2017 by and between Yatsue Masuda and Green Power Tsugaru GK	Washinosawa 246-2;  246-1
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 25, 2017 by and between Eiichi Kudo and Green Power Tsugaru GK	Washinosawa 245-2; 245-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 19, 2017 by and between Takeshi Kudo and Green Power Tsugaru GK	Washinosawa 247

    26

    

    

	Easement Agreement (chiekiken settei keiyakusho) dated as of July 11, 2017 by and between Tsuyoshi Sasaki and Green Power Tsugaru GK	Washinosawa 249
	Easement Agreement (chiekiken settei keiyakusho) dated as of December 21, 2017 by and between Yatsue Masuda and Green Power Tsugaru GK	Washinosawa 246-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of December 18, 2017 by and between Eiichi Kudo and Green Power Tsugaru GK	Washinosawa 245-1
	Tateoka Property Ward Property Lease Agreement (Tateoka zaisanku-yu- zaisan chintaishaku keiyakusho) dated as of November 30, 2017 by and between Tateoka Property Ward and Green Power Tsugaru GK	Kamisawabe 141-12
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of June 13, 2017 by and between Katsuhiro Kudo and Green Power Tsugaru GK	Kamisawabe 177, 178-1, 178-2
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 25, 2017 by and between Matsuko Miura and Green Power Tsugaru GK	Kamisawabe 176
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of June 13, 2017 by and between Katsuhiro Kudo and Green Power Tsugaru GK	Kamisawabe 178-2; Kamisawabe 178-1, 177
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 6, 2017 by and between SK Farm KK and Green Power Tsugaru GK	Kamisawabe 179
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 25, 2017 by and between Matsuko Miura and Green Power Tsugaru GK	Kamisawabe 176
	Tateoka Property Ward Property Lease Agreement (Tateoka zaisanku-yu-zaisan chintaishaku keiyakusho) dated as of November 30, 2017 by and between Tateoka Property Ward and Green Power Tsugaru GK	Kamisawabe 142-24
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 11, 2017 by and between Hisashi Noro and Green Power Tsugaru GK	Kamisawabe 142-185, 142-48
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of June 13, 2017 by and between Shozo Echigodani and Green Power Tsugaru GK	Kamisawabe 142-45, 142-46, 142-47, 142-182
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of September 11, 2017 by and between Hisashi Noro and Green Power Tsugaru GK	Kamisawabe 142-185; Kamisawabe 142-48
	Easement Agreement (chiekiken settei keiyakusho) dated as of June 13, 2017 by and between Shozo Echigodani and Green Power Tsugaru GK	Kamisawabe 142-46, 142-47, 142-53
	Easement of Access Agreement (tsukou chiekiken tou settei keiyakusho) dated as of September 11, 2017 by and between Hisashi Noro and Green Power Tsugaru GK	Kamisawabe 142-48
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of June 29, 2017 by and between Hidemaro Noro and Green Power Tsugaru GK	Kamisawabe 153-1, 153-2

    27

    

    

	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 11, 2017 by and between Nobu Sato and Green Power Tsugaru GK	Kamisawabe 154-1, 154-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of June 29, 2017 by and between Hidemaro Noro and Green Power Tsugaru GK	Kamisawabe 153-2; Kamisawabe 153-1
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of June 13, 2017 by and between Nobu Sato and Green Power Tsugaru GK	Kamisawabe 154-2; Kamisawabe 154-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 19, 2017 by and between Katsuji Sato and Green Power Tsugaru GK	Kamisawabe 142-15
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 2, 2017 by and between Setsuo Noro and Green Power Tsugaru GK	Kamisawabe 142-107
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 25, 2017 by and between Tsumie Noro and Green Power Tsugaru GK	Kamisawabe 142-13, 142-111
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 25, 2017 by and between Kyokichi Tonuma and Green Power Tsugaru GK	Kamisawabe 142-12, 142-14, 142-109, 142-113
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 25, 2017 by and between Shingo Kannari and Green Power Tsugaru GK	Kamisawabe 155
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 2, 2017 by and between Mayumi Noro and Green Power Tsugaru GK	Nozaki 3-5
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of June 21, 2017 by and between Akihito Niioka and Green Power Tsugaru GK	Kijimorionuma 190-1, 190-2, 191
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of June 21, 2017 by and between Akihito Niioka and Green Power Tsugaru GK	Kijimorionuma 190-2; Kirjimorionuma 188-1, 188-2, 189, 190-1, 191
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 7, 2017 by and between Eichi Mikami and Green Power Tsugaru GK	Kijimorionuma 197, 198
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 4, 2017 by and between Tomoharu Niioka and Green Power Tsugaru GK	Kijimorionuma 196
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 11, 2017 by and between Yuji Sato and Green Power Tsugaru GK	Kijimorionuma 48
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Sumie Niioka and Green Power Tsugaru GK	Kijimorionuma 227, 228-1, 228-3
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of August 2, 2017 by and between Sumie Niioka and Green Power Tsugaru GK	Kijimorionuma 228-3; 227, 228-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 15, 2017 by and between Ryo Niioka and Green Power Tsugaru GK	Kijimorionuma 209-1, 209-2, 209-3

    28

    

    

	Easement Agreement (chiekiken settei keiyakusho) dated as of September 19, 2017 by and between Sumie Niioka and Green Power Tsugaru GK	Kijimorionuma 228-1, 227
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Tetsumi Nagauchi and Green Power Tsugaru GK	Kijimoridaira 113-1, 113-2, 113-6, 113-3, 113-5
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 8, 2017 by and between Kimue Nagauchi and Green Power Tsugaru GK	Kijimorionuma 244-1, 244-2
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of August 2, 2017 by and between Tetsumi Nagauchi and Green Power Tsugaru GK	Kijimoridaira 113-6; 113-1, 113-2, 113-3, 113-5
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 8, 2017 by and between between Kinue Nagauchi and Green Power Tsugaru GK	Kijimoridaira 134-17, Kijimorionuma 244-1, 244-2
	Easement of Access Agreement (tsukou chiekiken tou settei keiyakusho) dated as of September 22, 2017 by and between Tetsumi Nagauchi and Green Power Tsugaru GK	Kijimoridaira  113-5
	Agreement to blades in airspace above irrigation channels (yoakusuiro tou joku ni hane ga kakaru kotoni kansuru doui) dated as of July 20, 2017 by and between the Dekishima Hojo Seibi Kumiai and Green Power Tsugaru GK	T32: Kijimorionuma 467, 468, 471, 472; T33: Kijimorionuma 471, 483, 485
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 7, 2017 by and between Akimitsu Niioka and Green Power Tsugaru GK	Kijimorionuma 288-1, 288-2, 289
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of September 7, 2017 by and between Akimitsu Niioka and Green Power Tsugaru GK	Kijimorionuma 288-2; Kijimorionuma 288-1, 289
	Lease Agreement (tsugaru-shi dekishima zaisankuyu zaisan chintaishaku keiyakusho) dated as of December 28, 2017 by and between Tsugaru-shi Dekishima Property Ward and Green Power Tsugaru GK	Kijimorionuma 146-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 7, 2017 by and between Akimitsu Niioka and Green Power Tsugaru GK	Kijimorionuma 288-1
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Saiko Niioka and Green Power Tsugaru GK	Kijimorionuma 327-1, 327-2, 328-1, 328-2
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Nori Niioka and Green Power Tsugaru GK	Kijimorionuma 326-1, 326-2
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of December 28, 2017 by and between Saiko Niioka and Green Power Tsugaru GK	Kijimorionuma 327-1
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of December 28, 2017 by and between Nori Niioka and Green Power Tsugaru GK	Kijimorionuma 326-1
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of August 2, 2017 by and between Saiko Niioka and Green Power Tsugaru GK	Kijimorionuma 327-2, 328-2; Kijimorionuma 327-1, 328-1

    29

    

    

	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of August 2, 2017 by and between Nori Niioka and Green Power Tsugaru GK	Kijimorionuma 326-2; Kijimorionuma 326-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 29, 2017 by and between Hiroki Niioka and Green Power Tsugaru GK	Kijimoridaira 144-2
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 21, 2017 by and between Takeharu Saito and Green Power Tsugaru GK	Kijimorionuma 339, 340, 341
	Lease Agreement (tsugaru-shi dekishima zaisankuyu zaisan chintaishaku keiyakusho) dated as of December 28, 2017 by and between Tsugaru-shi Dekishima Property Ward and Green Power Tsugaru GK	Kijimorionuma 146-66
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Toyozou Kimura and Green Power Tsugaru GK	Kijimoridaira 188-1, 188-3
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 11, 2017 by and between Takasue Nagauchi and Green Power Tsugaru GK	Kijimoridaira 189-1, 189-3
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 4, 2017 by and between Noriko Niioka and Green Power Tsugaru GK	Kijimoridaira 190-1
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 11, 2017 by and between Hideyuki Niioka and Green Power Tsugaru GK	Kijimoridaira 186
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of August 2, 2017 by and between Toyozou Kimura and Green Power Tsugaru GK	Kijimoridaira 188-3; Kijimoridaira 188-1
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 11, 2017 by and between Takasue Nagauchi and Green Power Tsugaru GK	Kijimoridaira 189-3; Kijimoridaira 189-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 4, 2017 by and between Noriko Niioka and Green Power Tsugaru GK	Kijimoridaira 187, 190-1, 190-2
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 11, 2017 by and between Hideyuki Niioka and Green Power Tsugaru GK	Kijimoridaira 186
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Yoshimichi Narita and Green Power Tsugaru GK	Miyoshino 125-51, 125-264, 125-236
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of September 6, 2017 by and between Yoshimichi Narita and Green Power Tsugaru GK	Miyoshino 125-264; Miyoshino 125-51, 125-237
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 2, 2017 by and between Keiko Narita and Green Power Tsugaru GK	Miyoshino 125-50, 125-52
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 29, 2017 by and between Yu Niioka and Green Power Tsugaru GK	Miyoshino 125-74
	Easement of Access Agreement (tsukou chiekiken tou settei keiyakusho) dated as of September 6, 2017 by and between Yoshimichi Narita and Green Power Tsugaru GK	Miyoshino 125-51, 125-236

    30

    

    

	Easement Agreement (chiekiken settei keiyakusho) dated as of September 22, 2017 by and between Yoshimichi Narita and Green Power Tsugaru GK	Miyoshino 125-237, 125-51, 125-236
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 21, 2017 by and between Ryoko Hanada and Green Power Tsugaru GK	Miyoshino 125-96, 125-260
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Katsuichi Niioka and Green Power Tsugaru GK	Miyoshino 125-95
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 25, 2017 by and between Hironori Tsushima and Green Power Tsugaru GK	Miyoshino 125-97
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of August 21, 2017 by and between Ryoko Hanada and Green Power Tsugaru GK	Miyoshino 125-260; Miyoshino 125-96
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 6, 2017 by and between Katsuichi Niioka and Green Power Tsugaru GK	Miyoshino 125-95
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 25, 2017 by and between Hironori Tsushima and Green Power Tsugaru GK	Miyoshino 125-97
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 2, 2017 by and between Keiko Narita and Green Power Tsugaru GK	Miyoshino 125-54, 125-55
	Easement of Access Agreement (tsukou chiekiken tou settei keiyakusho) dated as of August 21, 2017 by and between Ryoko Hanada and Green Power Tsugaru GK	Miyoshino 125-96
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 25, 2017 by and between Fujiyuki Hasegawa and Green Power Tsugaru GK	Miyoshino 75, 125-149, 15-263
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Kako Hasegawa and Green Power Tsugaru GK	Miyoshino 125-150
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of July 25, 2017 by and between Fujiyuki Hasegawa and Green Power Tsugaru GK	Miyoshino 125-263; Miyoshino 125-149
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 25, 2017 by and between Sachie Sato and Green Power Tsugaru GK	Miyoshino 76, 85
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 25, 2017 by and between Katsumi Kimura and Green Power Tsugaru GK	Miyoshino 77
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 25, 2017 by and between Mitsuyuki Hasegawa and Green Power Tsugaru GK	Miyoshino 125-148
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 2, 2017 by and between Kako Hasegawa and Green Power Tsugaru GK	Miyoshino 125-150
	Easement of Access Agreement (tsukou chiekiken tou settei keiyakusho) dated as of August 21, 2017 by and between Fujiyuki Hasegawa and Green Power Tsugaru GK	Miyoshino 125-149

    31

    

    

	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 19, 2017 by and between Shinobu Tamura and Green Power Tsugaru GK	Miyoshino 125-125, 125-261
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of September 29, 2017 by and between Shinobu Tamura and Green Power Tsugaru GK	Miyoshino 125-261; Miyoshino 125-125
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 29, 2017 by and between Satoshi Kimura and Green Power Tsugaru GK	Miyoshino 125-123
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 29, 2017 by and between Toshiko Hasegawa and Green Power Tsugaru GK	Miyoshino 125-111
	Easement of Access Agreement (tsukou chiekiken tou settei keiyakusho) dated as of September 19, 2017 by and between Shinobu Tamura and Green Power Tsugaru GK	Miyoshino 125-125
	Easement Agreement (chiekiken settei keiyakusho) dated as of September 19, 2017 by and between Shinobu Tamura and Green Power Tsugaru GK	Miyoshino 125-125
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 29, 2017 by and between Yu Niioka and Green Power Tsugaru GK	Miyoshino 125-193, 125-262, 125-190
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of July 31, 2017 by and between Takatoshi Niioka and Green Power Tsugaru GK	Miyoshino 125-192
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of August 29, 2017 by and between Yu Niioka and Green Power Tsugaru GK	Miyoshino 125-262; Miyoshino 125-190, 125-193
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 2, 2017 by and between Motoshi Sato and Green Power Tsugaru GK	Miyoshino 125-197
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 29, 2017 by and between Shoichi Niioka and Green Power Tsugaru GK	Miyoshino 125-198, 125-199
	Easement Agreement (chiekiken settei keiyakusho) dated as of July 31, 2017 by and between Takatoshi Niioka and Green Power Tsugaru GK	Miyoshino 125-192
	Easement Agreement (chiekiken settei keiyakusho) dated as of October 5, 2017 by and between Kouji Chida and Green Power Tsugaru GK	Miyoshino 125-196
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Hiroshi Niioka and Green Power Tsugaru GK	Miyoshino 124-36, 124-93, 124-94
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 15, 2017 by and between Yoshinori Kudo and Green Power Tsugaru GK	Miyoshino 34-1
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 21, 2017 by and between Ryuichi Kimura and Green Power Tsugaru GK	Miyoshino 195
	Superficies and Easement Agreement (chijouken tou settei keiyakusho) dated as of September 6, 2017 by and between Hiroshi Niioka and Green Power Tsugaru GK	Miyoshino 124-93; Miyoshino 124-36, 124-37, 124-94

    32

    

    

	Easement Agreement (chiekiken settei keiyakusho) dated as of August 15, 2017 by and between Yoshinori Kudo and Green Power Tsugaru GK	Miyoshino 34-1
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 21, 2017 by and between Ryuichi Kimura and Green Power Tsugaru GK	Miyoshino 195
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 4, 2017 by and between Soeji Osanai and Green Power Tsugaru GK	Miyoshino 66, 192
	Easement Agreement (chiekiken settei keiyakusho) dated as of August 4, 2017 by and between Hiroyuki Kimura and Green Power Tsugaru GK	Miyoshino 124-35
	Easement Agreement (chiekiken settei keiyakusho) dated as of December 11, 2017 by and between Byobusan Land Improvement Ward and Green Power Tsugaru GK	Washinosawa 

T1: 671, 690, 691

T2: 688

T3: 684, 

T4: 861, 862

T5: 854, 855, 856, 857, 858, 859, 860, 861, 862, 916

T6: 853, 854, 855 

T7: 290, 291, 292, 293, 294, 296, 297, 361

T8: 282, 283

T9: 732, 733

T10: 720, 721

T11: 906, 907

T12: 901, 902

T13: 330, 331, 332

T14: 324, 330, 331, 336, 338, 339, 361

T15: 299, 316, 317

T16: 762, 794, 795, 796, 799

T17: 771, 772, 773

T18: 773, 949, 950, T19: 962, 963

T20: 381, 382, 383, 388, 391, 394, 395

T21: 373, 374

T23: 318, 319, 320, 322, 323, 324, 342
	Superficies Agreement (chijouken settei keiyakusho) dated as of June 13, 2017 by and between Katsuhiro Kudo and Green Power Tsugaru GK	Wakakusa 5-1
	Superficies Agreement (chijouken settei keiyakusho) dated as of May 26, 2017 by and between Nobuyuki Nara and Green Power Tsugaru GK	Moritacho Shimo Aino Noda 11 
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of October 12, 2017 by and between Masaya Suginomori and Green Power Tsugaru GK	Moritacho Shimo Aino Noda 17
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 11, 2017 by and between Shoji Sakamoto and Green Power Tsugaru GK	Kitatsugaru-gun Tsuruta-machi Kowamaki Oyanagi 160-1, 161-1
	Easement of Access Agreement (tsukou chiekiken tou settei keiyakusho) dated as of October 12, 2017 by and between Masaya Suginomori and Green Power Tsugaru GK	Moritacho Shimo Aino Noda 17

    33

    

    

	Easement Agreement (chiekiken settei keiyakusho) dated as of September 11, 2017 by and between Shoji Sakamoto and Green Power Tsugaru GK	Kitatsugaru-gun Tsuruta-machi Kowamaki Oyanagi 160-1, 161-1
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 4, 2017 by and between Takeyoshi Kudo and Green Power Tsugaru GK	Washinosawa 432
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Teruo Narumi and Green Power Tsugaru GK	Washinosawa 481, 482
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 29, 2017 by and between Tomeharu Ohta and Green Power Tsugaru GK	Washinosawa 495
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 29, 2017 by and between Susumu Narumi and Green Power Tsugaru GK	Washinosawa 494
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 21, 2017 by and between Norimasa Masuda and Green Power Tsugaru GK	Washinosawa 527
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Tokiharu Sasaki and Green Power Tsugaru GK	Washinosawa 526
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Mutsuo Kudo and Green Power Tsugaru GK	Washinosawa 544
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Katsunori Narumi and Green Power Tsugaru GK	Washinosawa 545
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Manabu Narumi and Green Power Tsugaru GK	Washinosawa 627
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Tsunemi Kudo and Green Power Tsugaru GK	Washinosawa 636
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Chikara Era and Green Power Tsugaru GK	Washinosawa 637
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 29, 2017 by and between Kyoichi Kudo and Green Power Tsugaru GK	Washinosawa 644
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 4, 2017 by and between Tsuneaki Kudo and Green Power Tsugaru GK	Washinosawa 258, 259
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 29, 2017 by and between Setsuko Kudo and Green Power Tsugaru GK	Washinosawa 666
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 21, 2017 by and between Ryuji Chida and Green Power Tsugaru GK	Miyoshino 125-86, 273-5
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Masaki Kudo and Green Power Tsugaru GK	Washinosawa 206

    34

    

    

	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 15, 2017 by and between Toshikazu Suto and Green Power Tsugaru GK	Washinosawa 222
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 4, 2017 by and between Shoji Sato and Green Power Tsugaru GK	Washinosawa 226
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 29, 2017 by and between Kyokichi Tonuma and Green Power Tsugaru GK	Kamisawabe 142-108
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Setsuo Noro and Green Power Tsugaru GK	Kamisawabe 142-106
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Fumitake Kodate and Green Power Tsugaru GK	Kamisawabe 203
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 29, 2017 by and between Keiko Nishikubo and Green Power Tsugaru GK	Kamisawabe 275
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 29, 2017 by and between Hidemaro Noro and Green Power Tsugaru GK	Kamisawabe 276
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of September 6, 2017 by and between Tamiharu Noro and Green Power Tsugaru GK	Kamisawabe 136-108, 143-90
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 29, 2017 by and between Akio Noro and Green Power Tsugaru GK	Miyoshino 125-134
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 2, 2017 by and between Emi Kimura and Green Power Tsugaru GK	Miyoshino 125-141
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 29, 2017 by and between Hiroshi Niioka and Green Power Tsugaru GK	Miyoshino 124-37
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 29, 2017 by and between Hiroyuki Niioka and Green Power Tsugaru GK	Kijimorionuma 292
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of August 29, 2017 by and between Kaneharu Narita and Green Power Tsugaru GK	Kijimorionuma 338
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of November 1, 2017 by and between Katsuo Hanada and Green Power Tsugaru GK	Miyoshino 125-185, 125-188
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of November 1, 2017 by and between Yu Hasegawa and Green Power Tsugaru GK	Miyoshino 125-186
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of November 1, 2017 by and between Yoshinori Hasegawa and Green Power Tsugaru GK	Miyoshino 125-187
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of November 1, 2017 by and between Toshiaki Kimura and Green Power Tsugaru GK	Miyoshino 125-189

    35

    

    

	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of November 1, 2017 by and between Yu Niioka and Green Power Tsugaru GK	Miyoshino 125-190
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of November 1, 2017 by and between Akio Noro and Green Power Tsugaru GK	Miyoshino 125-134
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of November 1, 2017 by and between Seiji Sato and Green Power Tsugaru GK	Miyoshino 125-146
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of November 1, 2017 by and between Fujiyuki Hasegawa and Green Power Tsugaru GK	Miyoshino 125-138
	Lease Agreement (tochi no shiyou tou nitsuite no onegai) dated as of November 1, 2017 by and between Shigeru Kimura and Green Power Tsugaru GK	Miyoshino 125-143, 125-142

    36

    

    

APPENDIX
E: AFFILIATE TRANSACTIONS

 

	1. Management, Operation, and Maintenance Services Agreement
	Execution Date	To be executed in conjunction with the project financing
	Parties	Project Company and Green Power Operation GK
	Term	
        Initial Term: 20 years from the date 6 months prior to the Anticipated
        COD

         

        The Project Company may request to extend the Term for 5 years
        or less

         

	Fee	JPY 70,445,000 as fixed annual fee, plus Reimbursable Expenses and Reimbursable Expenses Fee 
	Payment Term	Monthly payment in arrears
	Termination	In addition to typical causes of termination, the Project Company may terminate the agreement for convenience at any time after the end of second year after the COD with 180 days prior written notice by paying the Termination Fee.
	Services	Operation, maintenance and management of the Wind Plant
	 	 

	2. Project Administration Agreement
	Execution Date	To be executed in conjunction with the project financing
	Parties	Project Company and Green Power Operation GK
	Term	
        Initial Term: 20 years from the date 6 months prior to the Anticipated
        COD

         

        The Project Company may request to extend the Term for 5 years
        or less

         

	Fee	JPY 36,415,000 as fixed annual fee, plus Reimbursable Expenses and Reimbursable Expenses Fee 
	Payment Term	Monthly payment in arrears
	Termination	In addition to typical causes of termination, the Project Company may terminate the agreement for convenience at any time after the end of second year after the COD with 180 days prior written notice by paying the Termination Fee.
	Services	Administrative services of the Project Company and Wind Plant
	 	 

		3.	Project Administration Agreement to be entered into between Green Power Operation GK and HoldCo upon the execution of the EBL.

 

		4.	Master Services Agreement to be entered into between the Project Company and Seller at the closing of the project financing.

 

		5.	Development Fee Agreement between the Project Company, Seller, HoldCo and Tsugaru Holdings LLC dated as of November 21, 2017.

 

		6.	Development Services Agreement between the Project Company and Seller dated as of May 27, 2014 (as amended on March 31, 2016).

 

		7.	Development Services Agreement between the Project Company and Pattern Development Japan GK dated as of May 27, 2014 (as amended
on March 31, 2016).

    37

     

    

 

 

		8.	Development Loan Agreement between the Project Company and Tsugaru Holdings LLC dated as of May 27, 2014.

 

		9.	The intercompany loan between Seller and Green Power Tsugaru Holdings GK, a Japanese godo kaisha, to be fully paid off
at Closing

 

    38Exhibit 10.3

 

EXECUTION VERSION

 

 

 

 

PURCHASE
and Sale AGREEMENT

 

 

by and between

 

PATTERN ENERGY GROUP INC.,

Purchaser

 

and

 

PATTERN ENERGY GROUP LP,

Seller

 

Dated as of

 

February 26, 2018

 

 

 

Interests in

 

GK Green Power Kanagi

GK Green Power Otsuki

GK Green Power Futtsu

 

 

 

     

     

    

LIST OF EXHIBITS
AND APPENDICES

 

	Exhibit A	General Definitions
	 	 
	Exhibit B	Rules of Construction
	 	 
	Appendix A 	Kanagi
	 	 
	Section A	Transaction Terms and Conditions
	 	 
	Section B	Acquired Interests; Ownership Structure; and Solar Project Information
	 	 
	Section C	Documents and Key Counterparties
	 	 
	Section D	Affiliate Transactions
	 	 
	Appendix B 	Ohorayama
	 	 
	Section A	Transaction Terms and Conditions
	 	 
	Section B	Acquired Interests; Ownership Structure; and Wind Project Information
	 	 
	Section C	Documents and Key Counterparties
	 	 
	Section D	Affiliate Transactions
	 	 
	Appendix C 	Futtsu
	 	 
	Section A	Transaction Terms and Conditions
	 	 
	Section B	Acquired Interests; Ownership Structure; and Solar Project Information
	 	 
	Section C	Documents and Key Counterparties
	 	 
	Section D	Affiliate Transactions

     

     

    

PURCHASE
and Sale AGREEMENT

 

THIS PURCHASE
and Sale AGREEMENT (this “Agreement”), dated as of February 26, 2018, is made by and between Pattern
Energy Group Inc., a Delaware corporation (“Purchaser”),
and Pattern Energy Group LP, a Delaware limited partnership (the “Seller”). Capitalized terms used in
this Agreement shall have the respective meanings specified in Exhibit A attached hereto.

 

RECITALS

 

WHEREAS, Seller owns,
directly or indirectly through one or more of its Affiliates (each such Seller’s Affiliate, a “Subsidiary Transferor”),
(i) 92.34% of the equity interests in GK Green Power Kanagi (the “Kanagi Project Company”), which owns and operates
the Kanagi Project, (ii) 94.99% of the equity interests in GK Green Power Otsuki (the “Ohorayama Project Company”),
which owns and operates the Ohorayama Project and (iii) 95.38% of the equity interests in GK Green Power Futtsu (the “Futtsu
Project Company”), which owns and operates the Futtsu Project, each as more fully described on Part I of Section
B of the Appendix to this Agreement relating to the applicable Project; and

 

WHEREAS, Seller desires
to sell to Purchaser or a Subsidiary thereof (a “Subsidiary Purchaser”), and Purchaser desires to purchase
(or cause such Subsidiary Purchaser to purchase) from Seller, the Acquired Interests defined and described in Part I of
Section B of the Appendix relating to the applicable Project (the “Acquired Interests”) on the
terms and subject to the conditions set forth in this Agreement.

 

NOW, THEREFORE, in
consideration of the foregoing premises and the mutual terms, conditions and agreements set forth herein, and for other good and
valuable consideration the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties
hereby agree as follows:

 

ARTICLE 1

PURCHASE AND SALE OF THE ACQUIRED INTERESTS

 

1.1  Agreement
to Sell and Purchase. Subject to the satisfaction or waiver (by the party for whose benefit such condition exists) of the conditions
set forth in Article ‎5 and the other terms and conditions of this Agreement, at the Closing (a) Seller shall sell,
assign, transfer and convey (or, if applicable, cause the applicable Subsidiary Transferors to sell, assign, transfer and convey)
the Acquired Interests for each Project to Purchaser, and (b) the Purchaser shall (or shall cause the applicable Subsidiary Purchaser
to) purchase the Acquired Interests for each Project from Seller (or, if applicable, the Subsidiary Transferors applicable to the
applicable Acquisition), for an aggregate purchase price for all Acquired Interests of $87,405,000, with the purchase price for
each such Acquired Interest as set forth in Part I of Section A of the applicable Appendix to this Agreement (subject
to the adjustments set forth therein) (each, a “Purchase Price”). The purchase and sale of the Acquired
Interests relating to a particular Project and Project Company (each such purchase and sale, an “Acquisition”)
shall occur on the same date and at the same time as the Closing with respect to all other Acquisitions.

 

     

     

    

1.2  Signing
Date Deliverables. On or prior to the date of this Agreement, Seller has delivered or is delivering to Purchaser a Financial
Model for each Project as of the date hereof. On the date of this Agreement each of Seller and Purchaser shall deliver to the other
party the other deliverables with respect to each Acquisition set forth in Part II of Section A of the Appendix relating
to such Acquisition.

 

1.3  Purchase
Price. The purchase price payable by the Purchaser (or the applicable Subsidiary Purchaser) to Seller (or, if applicable, the
Subsidiary Transferor applicable to such Acquisition) at the Closing of an Acquisition shall be the Purchase Price set forth in
Part I of Section A of the Appendix relating to such Acquisition. Such Purchase Price shall be subject to adjustment
by the corresponding Purchase Price Adjustment (if any) and/or the Post-Closing Adjustment (if any) set forth in Part I
of Section A of the Appendix relating to such Acquisition. All payments of such Purchase Price, any such Purchase Price
Adjustment and/or any Post-Closing Adjustment shall be paid by wire transfer of same day funds in the applicable currency to the
accounts set forth in Part I of Section A of the Appendix relating to such Acquisition.

 

1.4  The
Closing. The closing of each Acquisition (each, a “Closing”) will take place on the dates and at
the locations specified in Part III of Section A of the Appendix relating to such Acquisition, or such other time
and place as the parties hereto shall mutually agree (including Closing by facsimile or “PDF” electronic mail transmission
exchange of executed documents or signature pages followed by the exchange of originals as soon thereafter as practicable), and
will be effective as of 12:01 a.m. Eastern Time on the day such Closing occurs.

 

1.5  Conduct
of Closing.

 

(a)  At
or prior to each Closing for an Acquisition, Seller shall deliver, or cause to be delivered, to the Purchaser:

 

		(i)	the original certificates representing the Acquired Interests to be purchased at such Closing duly
endorsed for transfer by Seller (or, if applicable, the Subsidiary Transferors applicable to such Acquisition) to the Purchaser
(or the applicable Subsidiary Purchaser) or with appropriate powers with respect thereto duly endorsed by Seller (or, if applicable,
such Subsidiary Transferors applicable to such Acquisition); provided, that if such Acquired Interests are not in certificated
form, Seller shall deliver to the Purchaser (or the applicable Subsidiary Purchaser) a duly executed assignment agreement or other
instrument conveying such Acquired Interests to the Purchaser in form and substance reasonably acceptable to the Purchaser;

 

		(ii)	any other documents and certificates contemplated by Article ‎4 and Article ‎5
hereof to be delivered by or on behalf of Seller at such Closing, including the certificate referred to in Section ‎5.2(d);

 

		(iii)	not less than five (5) Business Days prior to its delivery of a Closing Notice for a Closing, Seller
shall deliver to the Purchaser

 

    2 

     

    

(A) an updated Financial Model
for the applicable Project, which shall be revised pursuant to Part I of Section A of the Appendix for the applicable
Acquisition, and which shall be used to determine the Purchase Price Adjustment (if any) for such Acquisition; and (B) a detailed
calculation of any proposed Purchase Price Adjustment, if any, for such Acquisition. The Purchaser shall have a period of two (2)
Business Days to review and confirm the updates to such Financial Model and the calculation of such Purchase Price Adjustment.
If the Purchaser disapproves of such updates to such Financial Model and/or the calculation of such Purchase Price Adjustment,
the parties shall have a further period of two (2) Business Days to negotiate the same. In the event that the parties cannot agree
on such updates to such Financial Model and/or calculation of such Purchase Price Adjustment (acting reasonably) following such
two (2) Business Day period, (x) the parties shall resolve any dispute in accordance with the procedures set forth in Section
‎7.4 (which, for the avoidance of doubt, shall not delay the Closing Date) and (y) the amount in dispute shall be
retained by the Purchaser until the dispute is resolved as aforesaid. Subject to the foregoing, with respect to each Closing, Seller
shall deliver to Purchaser a signed direction containing the final determination of the Purchase Price for such Acquisition (less
any disputed amount) for the Purchaser not less than two (2) Business Days prior to the Closing Date applicable to such Closing;
and

 

		(iv)	any other Closing deliverables set forth in Section A-1 of the Appendix for such Acquisition.

 

(b)  With
respect to each Acquisition, at or prior to the Closing for such Acquisition, the Purchaser shall deliver to Seller:

 

		(i)	the documents and certificates contemplated by Article ‎4 and Article ‎5
hereof to be delivered by or on behalf of the Purchaser (or the applicable Subsidiary Purchaser) with respect to such Acquisition,
including the certificate referred to in Section ‎5.3(d); and

 

		(ii)	any other Closing deliverables set forth in Section A-2 of the applicable Appendix relating
to such Acquisition.

 

    3 

     

    

1.6  Withholding.
Notwithstanding any provision contained herein to the contrary, Purchaser (or the applicable Subsidiary Purchaser) shall be entitled
to deduct and withhold from the consideration or any payment otherwise payable to any Person pursuant to this Agreement such amounts
as it is required to deduct and withhold under any provision of applicable Laws. If Purchaser (or the applicable Subsidiary Purchaser)
so withholds, the amounts withheld shall be treated for all purposes of this Agreement as having been paid to the Person in respect
of whom Purchaser made such deduction or withholding.

 

ARTICLE 2

REPRESENTATIONS AND WARRANTIES OF SELLER

 

Except as set forth
in, or qualified by any matter set forth in, the Schedules attached hereto, with respect to each Acquisition, Seller hereby represents
and warrants to Purchaser as set forth in this Article ‎2 as of (a) the date hereof and (b) the Closing Date, in
each case, unless otherwise specified in the representations and warranties below, in which case the representation and warranty
is made as of such date. Whether or not a particular Section of this Article ‎2 refers to a specific, numbered Schedule
for an Acquisition, such Section shall, to the extent applicable, be subject to the exceptions, qualifications, and other matters
set forth in the Schedules for such Acquisition to the extent that the relevance of such exceptions, qualifications or other matters
is reasonably apparent on the face thereof. Seller is making the representations and warranties set forth in this Article 2
solely on an Acquisition by Acquisition basis, and the representations and warranties with respect to any one Acquisition shall
not apply to any other Acquisition.

 

2.1  Organization
and Status. Seller and each Subsidiary Transferor for such Acquisition (a) is duly formed, validly existing and in good
standing under the laws of the jurisdiction of its formation as set forth in the preamble to this Agreement or Part I of
Section B of the applicable Appendix, (b) is duly qualified, authorized to do business and in good standing in each
other jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, and
(c) has all requisite power and authority to own or hold under lease the property it purports to own or hold under lease and
to carry on its business as now being conducted. Seller has made available to Purchaser complete and correct copies of the Organization
Documents for Seller, each Subsidiary Transferor, each HoldCo, the Project Company and each of their respective Subsidiaries, in
each case for such Acquisition. Part I of Section B of the Appendix for such Acquisition sets forth a list of each
HoldCo, the Project Company and each of their respective Subsidiaries, in each case, for such Acquisition, and for each such company:
(a) its name, (b) the number and type (as applicable) of its outstanding equity interests and a list of the holders thereof and
(c) its jurisdiction of organization. Each HoldCo, each of HoldCo’s Subsidiaries, the Project Company and each of the Project
Company’s Subsidiaries, in each case for such Acquisition, is a legal entity duly formed, validly existing and in good standing
(to the extent applicable) under the Laws of the jurisdiction of its formation and has all requisite organizational power and authority
to own, lease and operate its properties and to carry on its business as it is now being conducted, and is duly qualified, registered
or licensed to do business as a foreign entity and is in good standing (to the extent applicable) in each jurisdiction in which
the property owned, leased or operated by such Person or the nature of the business conducted by such Person makes such qualification
necessary, except where the failure to be so duly qualified, registered or licensed and in good standing (to

 

    4 

     

    

the extent applicable) would not reasonably
be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

2.2  Power;
Authority; Enforceability. Each of Seller and each Subsidiary Transferor for such Acquisition has the legal capacity and power
to enter into, deliver and perform its obligations under this Agreement and has been duly authorized, in accordance with its Organization
Documents, to enter into, deliver and perform its obligations under this Agreement with respect to such Acquisition. This Agreement
has been duly executed and delivered by Seller and constitutes the legal, valid and binding obligation of Seller, enforceable against
it in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, moratorium, reorganization and
similar laws affecting the enforcement of creditors’ rights generally and subject to general principles of equity regardless
of whether enforceability is considered in a proceeding in equity or at law.

 

2.3  No
Violation. Except as set forth on Schedule 2.3, the execution, delivery and performance by Seller of its obligations
under this Agreement with respect to such Acquisition, and the performance by each Subsidiary Transferor for such Acquisition of
this Agreement with respect to such Acquisition, in each case including without limitation the sale of the Acquired Interests for
such Acquisition to the Purchaser (or the applicable Subsidiary Purchaser), do not, and will not, (a) violate any Governmental
Rule to which Seller, any applicable Subsidiary Transferor, any HoldCo for such Acquisition or any of such HoldCo’s Subsidiaries,
or the Project Company for such Acquisition or any of its Subsidiaries, is subject or the Organization Documents of any such Person,
(b) result in the creation or imposition of any Lien (other than a Permitted Lien) upon such Acquired Interests for such Acquisition
or with respect to any HoldCo for such Acquisition or any of such HoldCo’s Subsidiaries or the Project Company for such Acquisition
or any of its Subsidiaries, (c) conflict with, result in a breach of, constitute a default under, result in the acceleration of,
create in any party the right to accelerate, terminate, modify or cancel or require any notice under any agreement, contract, lease,
license, instrument or other arrangement to which Seller, any such Subsidiary Transferor, any HoldCo for such Acquisition or any
of such HoldCo’s Subsidiaries or the Project Company for such Acquisition or any of its Subsidiaries is a party or by which
any such Person is bound, (d) other than as set forth in Part VII of Section A of the Appendix relating to such
Acquisition, conflict with, result in a breach of, constitute a default under, result in the acceleration of, or create in any
party the right to accelerate, terminate, modify or cancel or require any Consent under any Material Contract relating to the Project
Company or the Project for such Acquisition or (e) other than as set forth in Part VII of Section A of the Appendix
relating to the Project Company or the Project for such Acquisition, require any notice under any Material Contract relating to
such Acquisition, except in the case of this clause (e), as would not reasonably be expected to be material in the context of the
Project that is the subject of such Acquisition or otherwise prevent or materially impair or materially delay the consummation
of such Acquisition.

 

2.4  No
Litigation.

 

(a)  None
of Seller, Subsidiary Transferor, or the Project Company for such Acquisition or any of such Project Company’s Subsidiaries
is a party to or has received written notice of any pending or, to the Knowledge of Seller, threatened litigation, action, suit,
proceeding or governmental investigation against Seller, such Subsidiary Transferors or their

 

    5 

     

    

respective Affiliates which would reasonably
be expected to be material to the ownership of the Acquired Interests for such Acquisition or which seeks the issuance of an order
restraining, enjoining, altering or materially delaying the consummation of the transactions contemplated by this Agreement with
respect to such Acquisition.

 

(b)  No
HoldCo for such Acquisition or any of such HoldCo’s Subsidiaries or the Project Company for such Acquisition or any of its
Subsidiaries is a party to or has received written notice of any pending or, to the Knowledge of Seller, threatened litigation,
action, suit, proceeding or governmental investigation which would reasonably be expected to be material to such HoldCo or such
Subsidiaries or the Project for such Acquisition or which seeks the issuance of an order restraining, enjoining, altering or materially
delaying the consummation of the transactions contemplated by this Agreement with respect to such Acquisition.

 

(c)  There
are no material disputes with any counterparty to a Material Contract relating to such Acquisition. None of the HoldCo for such
Acquisition, any of its Subsidiaries or the Project Company for such Acquisition or any of its Subsidiaries has made any material
warranty claim under any Material Contract relating to such Acquisition with respect to such Acquisition.

 

2.5  Consents
and Approvals. Except as set forth on Part VII of Section A of the Appendix relating to such Acquisition, no
Consent of any Governmental Authority is required by or with respect to Seller, the Subsidiary Transferors for such Acquisition,
any HoldCo for such Acquisition or any of such HoldCo’s Subsidiaries, or the Project Company for such Acquisition or any
of such Project Company’s Subsidiaries, in connection with the execution and delivery of this Agreement by Seller with respect
to such Acquisition, or the consummation by Seller or such Subsidiary Transferors of the transactions contemplated hereby with
respect to such Acquisition, except for any Consents relating to such Acquisition which if not obtained or made prior to the Closing
of such Acquisition would not reasonably be expected to prevent or impair or delay the consummation of the transactions contemplated
by this Agreement with respect to such Acquisition and which can be reasonably expected to be obtained or made in the ordinary
course after the Closing of such Acquisition.

 

2.6  Acquired
Interests. Seller owns, directly or indirectly through one or more of its Affiliates, of record and beneficially one hundred
percent (100%) of the Acquired Interests for such Acquisition as set forth in Part I of Section B of the Appendix
for such Acquisition. Part I of Section B of the Appendix for such Acquisition sets forth the equity capitalization
(or proposed equity capitalization) of each HoldCo for such Acquisition. All of the interests described in Part I of Section
B of the Appendix for such Acquisition have been duly authorized, validly issued and are fully-paid and non-assessable and,
except as set forth on Part I of Section B of such Appendix, there are no outstanding (i) equity interests or voting
securities of any applicable HoldCo or the Project Company for such Acquisition, (ii) securities of any applicable HoldCo or the
Project Company for such Acquisition convertible into or exchangeable for any equity interests or voting securities of such HoldCo
or the Project Company for such Acquisition or (iii) options or other rights to acquire from such HoldCo or the Project Company
for such Acquisition, or other obligation of such HoldCo or the Project Company for such Acquisition to issue, any equity interests
or voting securities or securities convertible into or exchangeable for equity interests or voting securities of such HoldCo or
Project Company, or any obligations of

 

    6 

     

    

such HoldCo or the Project Company for
such Acquisition to repurchase, redeem or otherwise acquire any of the foregoing. The Seller (or, if applicable, the Subsidiary
Transferors for such Acquisition) has good and valid title to, and has, or will have, full power and authority to convey, the Acquired
Interests for such Acquisition, as of the Closing Date. No Person other than Purchaser has any written or oral agreement or option
or any right or privilege, whether by law, pre-emptive or contractual right, capable of becoming an agreement or option for the
purchase or acquisition from Seller or any Subsidiary Transferor for such Acquisition of any of the Acquired Interests for such
Acquisition. On the Closing Date of such Acquisition, Seller (or, if applicable, the Subsidiary Transferors for such Acquisition)
will convey to Purchaser (or the applicable Subsidiary Purchaser) good and valid title to the Acquired Interests for such Acquisition
free and clear of all Liens other than any obligations imposed under the Organization Documents of any applicable HoldCo or the
Project Company or restrictions arising under applicable securities laws.

 

2.7  Solvency.
There are no bankruptcy, reorganization or arrangement proceedings pending against, being contemplated by or, to the Knowledge
of Seller, threatened against, Seller or any Subsidiary Transferor for such Acquisition, or any HoldCo for such Acquisition or
its Subsidiaries or the Project Company for such Acquisition or any of its Subsidiaries. None of Seller, any Subsidiary Transferor
for such Acquisition or any HoldCo for such Acquisition or its Subsidiaries or the Project Company for such Acquisition or its
Subsidiaries (a) has had a receiver, receiver and manager, liquidator, sequestrator, trustee or other officer with similar
powers appointed over all or part of its business or its assets, and to the Knowledge of Seller, no application therefor is pending
or threatened, (b) is insolvent or presumed to be insolvent under any law or is unable to pay its debts as and when they fall
due, (c) has made a general assignment for the benefit of its creditors, or (d) has taken any action to approve any of
the foregoing.

 

2.8  Compliance
with Law.

 

(a)  There
has been no actual violation by Seller or any Subsidiary Transferor for such Acquisition, of or failure by Seller or any such Subsidiary
Transferor to comply with any Governmental Rule that is applicable to it, or allegation by any Governmental Authority of such a
violation, that would reasonably be expected to prevent or materially impair or delay the consummation of the transactions contemplated
by this Agreement with respect to such Acquisition.

 

(b)  There
has been no actual violation by any HoldCo for such Acquisition or any of its Subsidiaries of or failure by such HoldCo or its
Subsidiaries to comply with any Governmental Rule that is applicable to it, or allegation by any Governmental Authority of such
a violation, that would reasonably be expected to be material and relates to the Project for such Acquisition or would otherwise
reasonably be expected to prevent or materially impair or delay the consummation of the transactions contemplated by this Agreement
with respect to such Acquisition.

 

(c)  There
has been no actual violation by the Project Company for such Acquisition or any of its Subsidiaries of or failure by such Project
Company or its Subsidiaries to comply with any Governmental Rule that is applicable to it, or allegation by any Governmental

 

    7 

     

    

Authority of such a violation, that would
reasonably be expected to be material or would otherwise reasonably be expected to prevent or materially impair or delay the consummation
of the transactions contemplated by this Agreement with respect to such Acquisition.

 

2.9  Taxes.

 

(a)  With
respect to the Futtsu Project, the Project Company for such Acquisition has been, at all times since December 27, 2014, a partnership
or disregarded entity for U.S. federal income tax purposes. With respect to the Kanagi Project, the Project Company for such Acquisition
has been, at all times since June 24, 2015, a partnership or a disregarded entity for U.S. federal income tax purposes. With respect
to the Ohorayama Project, the Project Company for such Acquisition has been, at all times since March 26, 2015, a partnership or
a disregarded entity for U.S. federal income tax purposes.

 

(b)  The
Project Company for each Acquisition has been, at all times since its formation, taxable as a corporation for Japanese tax purposes.

 

(c)  With
respect to the HoldCo and its Subsidiaries for each Acquisition, no jurisdiction or authority in or with which such entity for
such Acquisition does not file Tax Returns has alleged that it is required to file Tax Returns, and there is no claim, audit, action,
suit, proceeding or investigation now pending or threatened against or with respect to any such entity.

 

(d)  Each
of the HoldCo and its Subsidiaries for each Acquisition has timely filed all Tax Returns that it is required to file, has timely
paid or has caused to be timely paid all Taxes it is required to pay to the extent due (other than those Taxes that it is contesting
in good faith and by appropriate proceedings, with adequate and segregated reserves established for such Taxes) and, to the extent
such Taxes are not due, has established or caused to be established reserves that are adequate for the payment thereof as required
by GAAP.

 

(e)  None
of the HoldCo and its Subsidiaries for each Acquisition has been a member of an affiliated, consolidated, combined or unitary group
for any Tax purposes other than one of which such HoldCo or its applicable Subsidiary was the common parent, or made any election
or participated in any arrangement whereby any Tax liability or any Tax asset of such HoldCo or such HoldCo’s applicable
Subsidiary was determined or taken into account for Tax purposes with reference to or in conjunction with any Tax liability or
any Tax asset of any other Person.

 

(f)  Each
HoldCo and its Subsidiaries for each Acquisition has withheld from each payment made to any Person, all amounts required by applicable
Laws to be withheld, and has remitted such withheld amounts within the prescribed periods to the appropriate Governmental Authorities.

 

(g)  Each
HoldCo and its Subsidiaries for each Acquisition has charged, collected and remitted on a timely basis all Taxes as required under
applicable Laws on any sale, supply or delivery whatsoever, made by it.

 

    8 

     

    

(h)  Each
HoldCo and its Subsidiaries for each Acquisition has maintained and continues to maintain at its place of business all records
and books of account required to be maintained under applicable Laws, including Laws relating to sales and use Taxes.

 

(i)  With
respect to each HoldCo and its Subsidiaries for each Acquisition, (i) no reassessments of the Taxes of it have been issued and
are outstanding, (ii) none of the Seller, the Subsidiary Transferor for such Acquisition and HoldCo for such Acquisition (and its
Subsidiaries) has received any indication from any Governmental Authority that an assessment or reassessment of it is proposed
in respect of any Taxes, regardless of its merits, and (iii) it has not executed or filed with any Governmental Authority any agreement
or waiver extending the period for assessment, reassessment or collection of any Taxes.

 

(j)  None
of HoldCo or its Subsidiaries for each Acquisition will be required to include for any Post-Closing Tax Period (i) any adjustment
in taxable income pursuant to Section 481 of the Code (or any corresponding or similar provision of state, local or non-U.S. Tax
Laws) or (ii) taxable income attributable to any prepaid amount received on or prior to the Closing Date or income economically
realized in any Pre-Closing Tax Period, including any distributions in a Pre-Closing Tax Period from an entity that is fiscally
transparent for Tax purposes and any income that would be includible in a Post-Closing Tax Period as a result of the installment
method.

 

(k)  HoldCo
for each Acquisition has not participated in a “reportable transaction” within the meaning of United States Treasury
Regulations Section 1.6011-4.

 

(l) None of the Project Companies
is treated as engaged in a trade or business within the United States for U.S. federal income tax purposes.

 

2.10  Unregistered
Securities. It is not necessary in connection with the sale of the Acquired Interests for such Acquisition, under the circumstances
contemplated by this Agreement with respect to such Acquisition, to register such Acquired Interests under the Securities Act of
1933 (the “Securities Act”), or under any other applicable securities laws.

 

2.11  Broker’s
Fees. None of Seller, any Subsidiary Transferor for such Acquisition, or any HoldCo for such Acquisition has any liability
or obligation for any fees or commissions to any broker, finder or agent with respect to the transactions contemplated by this
Agreement relating to such Acquisition.

 

2.12  Material
Contracts. Parts I, III, IV and V of Section C of the Appendix for such Acquisition, set
forth, collectively, a list of all Material Contracts relating to the Project Company or the Project for such Acquisition. At or
prior to the date hereof Seller has provided Purchaser with, or access to, copies of all such Material Contracts. To the extent
any obligations of or for the benefit of any HoldCo, Project Company and their respective Subsidiaries, in each case, for such
Acquisition, are outstanding under such Material Contracts as of the Closing Date, each such Material Contract is in full force
and effect and constitutes the legal, valid, binding and enforceable obligation of any such HoldCo, the Project Company for such
Acquisition and their respective Subsidiaries and, to the Knowledge of Seller, each other party thereto, in accordance with its
terms, except as such terms may be limited by (i) applicable bankruptcy, insolvency,

 

    9 

     

    

moratorium, reorganization or similar laws
affecting the enforcement of creditors’ rights generally and (ii) general principles of equity, whether considered in a proceeding
in equity or at law. None of HoldCo, the Project Company or their respective Subsidiaries, in each case, for the applicable Acquisition,
or to the Knowledge of Seller, any other party thereto (i) is in breach of or default in any material respect under a Material
Contract relating to the Project Company or the Project for such Acquisition and, to the Knowledge of Seller, no event has occurred
and is continuing which, with notice or the lapse of time or both, would constitute a material breach of or default under any such
Material Contract or would give rise to any right of termination, cancellation, acceleration, amendment, suspension or revocation
of such a Material Contract, or (ii) has received any written notice of termination or suspension of any Material Contract relating
to the Project Company or the Project for such Acquisition, and to the Knowledge of Seller, no action is being taken by any Person
to terminate or suspend any such Material Contract.

 

2.13  Real
Property.

 

(a)  Part
V of Section C of the Appendix for such Acquisition lists all of the real property owned by the Project Company for
such Acquisition or its Subsidiaries. To the Knowledge of Seller, no Governmental Authority has commenced the exercise of any eminent
domain or similar power with respect to the Project Company Real Property for such Acquisition, and there are no pending or, to
the Knowledge of Seller, threatened condemnation or eminent domain proceedings that affect any such Project Company Real Property.

 

(b)  HoldCo
for such Acquisition and/or its Subsidiaries has good and valid title to or, subject to the terms and conditions of the Material
Leases for such Acquisition, the right to use all Project Company Real Property for such Acquisition, free and clear of all Liens
other than Permitted Liens. With respect to the Project Company Real Property for such Acquisition it leases or on which it was
granted servitudes or superficies pursuant to the Material Leases relating to such Acquisition, the Project Company for such Acquisition
or its applicable Subsidiary has peaceful and undisturbed nonexclusive possession under all Material Leases relating to such Acquisition,
servitudes or superficies under which it is leasing or occupying property in accordance with the terms and conditions of such Material
Leases, servitude or superficies and subject to the Permitted Liens. All rents and other payments under the Material Leases relating
to such Acquisition have been paid in full to the extent due.

 

(c)  The
Project Company Real Property relating to such Acquisition is sufficient to provide the Project Company for such Acquisition with
continuous, uninterrupted and, together with public roads, contiguous access to the Project relating to such Acquisition sufficient
for the operation and maintenance of such Project as currently conducted. All utility services necessary for the construction and
operation of such Project for its intended purposes are available or are reasonably expected to be so available as and when required
upon commercially reasonable terms.

 

2.14  Permits.
Exhibit B-1 of the Appendix for such Acquisition sets forth a list of all material Permits acquired or held by the Project
Company for such Acquisition and its Subsidiaries.  The Project Company for such Acquisition and its Subsidiaries hold in
full force and effect all Permits required for the operation, ownership and maintenance of the applicable Project as presently
conducted, and, in the case of any Project not yet in operation, holds all

 

    10 

     

    

Permits needed to complete construction
of such Project and reasonably expects to obtain when needed all Permits needed for the operation and maintenance of such Project
in due course on commercially reasonable terms and conditions, in each case, other than those Permits required in connection with
certain construction and maintenance activities which are ministerial in nature and can reasonably be expected to be obtained in
due course on commercially reasonable terms and conditions as and when needed.  None of the Project Company for such Acquisition
or any of its Subsidiaries is in material default or material violation, and, to the Knowledge of Seller, no event has occurred
and is continuing which, with notice or the lapse of time or both, would constitute a material default or material violation of,
or would give rise to any right of termination, cancellation, acceleration, amendment, suspension or revocation under, any of the
terms, conditions or provisions of any Permits held by such Project Company or its Subsidiaries.  There are no legal proceedings
pending or, to the Knowledge of Seller, threatened in writing, relating to the suspension, revocation or modification of any Permits
held by the Project Company for such Acquisition or any of its Subsidiaries.

 

2.15  Environmental
Matters. Except as set forth in Part II of Section C of the Appendix for such Acquisition, (i) the Project Company
for such Acquisition and its Subsidiaries, the Project Company Real Property for such Acquisition and the Project related to such
Acquisition are in material compliance with all Environmental Laws, (ii) none of the Project Company for such Acquisition
or any of its Subsidiaries has caused or contributed to the release of any Hazardous Substances in any material respect, and (iii)
none of Seller, the Project Company for such Acquisition or any of their respective Subsidiaries has received written notice from
any Governmental Authority of any material Environmental Claim with respect to the Project relating to such Acquisition, or any
written notice of any investigation, or any written request for information, in each case, under any Environmental Law relating
to such Project Company or the Project. None of Seller, the Project Company for such Acquisition or any of their respective Subsidiaries
have given any release or waiver of liability that would waive or impair any material claim based on the presence of Hazardous
Substances in, on or under any real property relating to the Project for such Acquisition, against a previous owner of any such
real property or against any Person who may be potentially responsible for the presence of Hazardous Substances in, on or under
any such real property.

 

2.16  Insurance.
The Insurance Consultant’s Report defined and described on Part II of Section C of the Appendix for such Acquisition
sets forth a list of all material insurance maintained by or on behalf the Project Company for such Acquisition or its Subsidiaries
or the applicable Project (the “Insurance Policies”). All such Insurance Policies are now in full force
and effect. All premiums with respect to such Insurance Policies covering all periods to and including the date hereof have been
paid and, with respect to premiums due and payable prior to the Closing applicable to such Project, will be so paid. None of these
Insurance Policies have lapsed and, to the Knowledge of Seller, there are no circumstances that have rendered such insurance unenforceable,
void or voidable. None of Seller, the Project Company for the applicable Acquisition and the Subsidiaries of such Project Company
has received any written notice in the past 12 months from the insurer under any Insurance Policies disclaiming coverage, reserving
rights with respect to a particular claim or such Insurance Policy in general or canceling or materially amending any such Insurance
Policy. The assets and properties of the Project Company for the applicable Acquisition and its Subsidiaries are insured in amounts
no less than as required by applicable Law, applicable Permits or any Material Contract relating to

 

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the Project Company or the Project for
such Acquisition, to which such Person is a party or by which its assets or properties are bound.

 

2.17  Financial
Model. The Financial Model for the Project relating to such Acquisition has been prepared in good faith based on reasonable
assumptions as to the estimates set forth therein and is consistent in all material respects with the provisions of the Material
Contracts related for such Acquisition.

 

2.18  Financial
Statements; No Undisclosed Liabilities; No Material Adverse Effect. The Financial Statements for the Project Company for such
Acquisition have been prepared in accordance with GAAP applied on a consistent basis with prior periods, are correct and complete
in all material respects and present fairly in accordance with GAAP the assets, liabilities, financial condition and results of
operations of such Project as at their respective dates for the periods covered by such Financial Statements. Neither the Project
Company relating to such Acquisition nor any of such Project Company’s Subsidiaries has Indebtedness other than (i) as disclosed
in such Financial Statements or pursuant to the Material Contracts relating to the such Project Company, (ii) incurred since the
date of such Financial Statements and disclosed on Section C of the Appendix for such Acquisition, (iii) incurred after
the date hereof in accordance with this Agreement, including Section ‎4.1(a), and (iv) interest and fees accrued on
any Indebtedness referred to in clause (i) after the date of such Financial Statements. Except as set forth in such Financial Statements,
neither the Project Company relating to such Acquisition nor any of such Project Company’s Subsidiaries has any liabilities
that would be required to be disclosed on a balance sheet prepared in accordance with GAAP, other than any liabilities incurred
in the ordinary course of business since the date of the most recent balance sheet included in such Financial Statements and any
liabilities contained in the Material Contracts relating to the Project Company or the Project for such Acquisition, other than
liabilities arising under such Material Contracts from contractual breach. Since the date of the most recent balance sheet included
in such Financial Statements, no Material Adverse Effect with respect to the Project Company for such Acquisition has occurred.

 

2.19  Personal
Property. The Project Company for such Acquisition and its Subsidiaries have good and valid title to (or a valid leasehold
interest in) the Personal Property currently owned or used by such Persons in the operation of the Project relating to such Acquisition
(other than Personal Property that individually and in the aggregate are immaterial to such operations), and such title or leasehold
interests are free and clear of Liens other than Permitted Liens. All Personal Property that is material to the operation of the
Project relating to such Acquisition is in good operating condition and repair, subject to normal wear and maintenance, and is
usable in the ordinary course of business.

 

2.20  Employees.
Neither the Project Company for such Acquisition nor any of its Subsidiaries has, or has ever had, any employees.

 

2.21  Employee
Benefits. Neither the Project Company for such Acquisition nor any of its Subsidiaries has, or has ever had, any employee benefit
plan (as such term is defined in Section 3(3) of ERISA and/or under similar provisions of Japanese laws).

 

    12 

     

    

2.22  Labor
Matters. Neither the Project Company for such Acquisition nor any of its Subsidiaries is a party to any collective bargaining
agreement with a labor union or organization or any other Contract with any labor union or other employee representative of a group
of employees.

 

2.23  Intellectual
Property. The Project Company for such Acquisition and its Subsidiaries own, license or can acquire on reasonable terms the
Intellectual Property necessary to operate the Project relating to such Acquisition. To the Knowledge of Seller, no Intellectual
Property required to operate the Project for such Acquisition infringes upon or otherwise violates any intellectual property rights
of any third party. With respect to the Project for such Acquisition, there are no unresolved pending or, to the Knowledge of Seller,
threatened actions or claims that allege that the Project Company for such Acquisition or any of its Subsidiaries has infringed
or otherwise violated any material intellectual property rights of any third party. To the Knowledge of Seller, no third party
is infringing, misappropriating or otherwise violating rights in any material respect any Intellectual Property of the Project
Company for such Acquisition or any of its Subsidiaries.

 

2.24  Affiliate
Transactions. Except as disclosed on Section D of the Appendix for such Acquisition, there are no transactions, contracts
or liabilities between or among (a) the Project Company for such Acquisition and any of its Subsidiaries, on the one hand, and
(b) Seller, any of its Affiliates or, to the Knowledge of Seller, any current representative of such Project Company, any Subsidiary
of such Project Company, Seller or any other Affiliate of Seller, or any member of the immediate family of any such representative,
on the other hand.

 

2.25  Futtsu
MIPA. The Membership Interest Purchase Agreement by and between EFS Japan B.V. (“GE”) and Futtsu Holdings
LLC, dated September 27, 2017 (the “Futtsu MIPA”) is a valid and binding agreement of the parties thereto,
is in full force and effect, and, to the Knowledge of Seller, no party thereto is in default or breach in any material respect
under the terms of such agreement and no event or circumstance has occurred that, with notice or lapse of time or both, would constitute
an event of default thereunder. Seller has provided Purchaser a true and complete copy of the Futtsu MIPA (including a true and
complete copy of any schedules, exhibits, annexes or supplements thereto).

 

2.26  Ohorayama
Project. Construction of the Ohorayama Project is currently reasonably expected to reach Final Completion (as defined under
that certain Balance of Plant Contract by and between Green Power Investment Corporation and Shimizu Corporation dated December
8, 2016) by June 30, 2018 and at a construction cost consistent in all material respects with the construction cost reflected in
the Financial Model and, to the Knowledge of Seller, there are no circumstances or events that have occurred or are reasonably
likely to occur that, individually or in the aggregate, could reasonably be expected to result in the failure to achieve either
of the foregoing. The aggregate amounts of outstanding Indebtedness of the applicable HoldCos and Project Company (and any Subsidiary)
(in each case, excluding any Indebtedness owed to any Affiliate thereof) on a consolidated basis with respect to the Ohorayama
Project (x) was, as of January 31, 2018, ¥10,094,035,062 (which is the sum of (i) ¥8,536,753,292 drawn under the construction
loan plus (ii) ¥786,000,000 of reimbursement obligations for outstanding letters of credit plus (iii) ¥771,281,770 drawn
under the consumption tax facility) and (y) as of the Closing Date, shall not exceed ¥12,232,000,000 (which is the sum of (i)
¥10,446,000,000

 

    13 

     

    

(the maximum amount that can be drawn under the construction
loan) plus (ii) ¥786,000,000 of reimbursement obligations for outstanding letters of credit plus (iii) ¥1,000,000,000 (the
maximum amount that can be drawn under the consumption tax facility).

 

2.27  Antisocial
Forces. None of Seller nor any employee, director, executive officer or equivalent person who executes business on behalf of
Seller, any Subsidiary Transferor or any HoldCo for an Acquisition (or any of its Subsidiaries) constitutes Antisocial Forces or,
themselves or through third parties, is engaged in Antisocial Activities.

 

ARTICLE 3

REPRESENTATIONS AND WARRANTIES OF Purchaser

 

Except as set forth
in, or qualified by any matter set forth in, the applicable Schedules, the Purchaser hereby represents and warrants to Seller with
respect to each Acquisition as set forth in this Article ‎3 as of (a) the date hereof and (b) as of the Closing
Date, in each case, unless otherwise specified in the representations and warranties below, in which case the representation and
warranty is made as of such date. Whether or not a particular Section of this Article ‎3 refers to a specific, numbered
Schedule for an Acquisition, such Section shall, to the extent applicable, be subject to the exceptions, qualifications, and other
matters set forth in the Schedules relating to such Acquisition to the extent that the relevance of such exceptions, qualifications
or other matters is reasonably apparent on the face thereof. Purchaser is making the representations and warranties set forth in
this Article 3 solely on an Acquisition by Acquisition basis, and the representations and warranties with respect to any
one Acquisition shall not apply to any other Acquisition.

 

3.1  Organization
and Status. The Purchaser (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction
of its formation as set forth in the preamble to this Agreement, (b) is duly qualified, authorized to do business and in good
standing in each other jurisdiction where the character of its properties or the nature of its activities makes such qualification
necessary, and (c) has all requisite power and authority to own or hold under lease the property it purports to own or hold
under lease and to carry on its business as now being conducted. The Purchaser has made available to Seller complete and correct
copies of the Organization Documents for the Purchaser.

 

3.2  Power;
Authority; Enforceability. The Purchaser has the legal capacity and power to enter into and perform its obligations under this
Agreement and has been duly authorized, in accordance with its Organization Documents, to enter into and perform its obligations
under this Agreement with respect to such Acquisition. This Agreement has been duly executed and delivered by the Purchaser and
constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its
terms, except as may be limited by applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting the
enforcement of creditors’ rights generally and subject to general principles of equity regardless of whether enforceability
is considered in a proceeding in equity or at law.

 

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3.3  No
Violation. The execution, delivery and performance by the Purchaser of its obligations under this Agreement, including without
limitation the purchase of the Acquired Interests for such Acquisition from Seller or the Subsidiary Transferors for such Acquisition
(if applicable), do not, and will not, (a) violate any Governmental Rule to which the Purchaser is subject or the Organization
Documents of the Purchaser, or (b) conflict with, result in a breach of, constitute a default under, result in the acceleration
of, create in any party the right to accelerate, terminate, modify or cancel or require any notice under any agreement, contract,
lease, license, instrument or other arrangement to which the Purchaser is a party or by which the Purchaser is bound.

 

3.4  No
Litigation. The Purchaser is not a party to and has not received written notice of any pending or, to the Knowledge of the
Purchaser, threatened litigation, action, suit, proceeding or governmental investigation against the Purchaser, which, in either
case, would reasonably be expected to materially impair or delay the ability of the Purchaser to perform its obligations under
this Agreement with respect to such Acquisition or which seeks the issuance of an order restraining, enjoining, altering or materially
delaying the consummation of the transactions contemplated by this Agreement with respect to such Acquisition.

 

3.5  Consents
and Approvals. Except as set forth in Part VII of Section A of the Appendix relating to such Acquisition, no
Consent of any Governmental Authority or any other Person, is required by or with respect to the Purchaser (or the applicable Subsidiary
Purchaser) in connection with the execution and delivery of this Agreement by the Purchaser with respect to such Acquisition, or
the consummation by the Purchaser of the transaction contemplated hereby with respect to such Acquisition, except for any consents
which if not obtained would not reasonably be expected to materially impair or delay the ability of the Purchaser to perform its
obligations under this Agreement with respect to such Acquisition.

 

3.6  Solvency.
There are no bankruptcy, reorganization or arrangement proceedings pending against, being contemplated by or, to the Knowledge
of the Purchaser, threatened against the Purchaser. The Purchaser (a) has not had a receiver, receiver and manager, liquidator,
sequestrator, trustee or other officer with similar powers appointed over all or part of its business or assets, and to the Knowledge
of the Purchaser, no application therefor is pending or threatened, (b) is not insolvent or presumed to be insolvent under
any applicable Law and is able to pay its debts as and when they fall due, (c) has not made a general assignment for the benefit
of its creditors, and (d) has not taken any action to approve any of the foregoing.

 

3.7  Compliance
with Law. To the Knowledge of the Purchaser, there has been no actual violation by the Purchaser of or failure of the Purchaser
to comply with any Governmental Rule that is applicable to it, or allegation by any Governmental Authority of such a violation,
that would reasonably be expected to prevent or materially impair or delay the consummation of the transactions contemplated by
this Agreement applicable to such Acquisition.

 

3.8  Investment
Intent. The Purchaser is acquiring the Acquired Interests for such Acquisition for its own account, for investment and with
no view to the distribution thereof in violation of the Securities Act or the securities laws of any state of the United States
or any other jurisdiction.

 

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3.9  Accredited
Investor. The Purchaser is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3), (7) or
(8) of the Securities Act, and is able to bear the economic risk of losing its entire investment in the Acquired Interests for
such Acquisition.

 

3.10  Broker’s
Fee. With respect to such Acquisition, the Purchaser has no liability or obligation for any fees or commissions payable to
any broker, finder or agent with respect to the transactions contemplated by this Agreement relating to the Acquisition.

 

3.11  Antisocial
Forces. None of Purchaser nor any employee, director, executive officer or equivalent person who executes business on behalf
of Purchaser or any Subsidiary Purchaser constitutes Antisocial Forces or, themselves or through third parties, is engaged in Antisocial
Activities.

 

ARTICLE 4

COVENANTS; OTHER OBLIGATIONS

 

4.1  Covenants
Between Signing and Closing. The provisions of this Section ‎4.1 shall apply with respect to an Acquisition during
the period from the date hereof to the earlier of the Closing Date of such Acquisition and the termination of this Agreement with
respect to such Acquisition pursuant to Section ‎5.5:

 

(a)  Project
Specific Pre-Closing Covenants of Seller. Seller shall use commercially reasonable efforts to conduct the business, operations
and affairs of the Project Company for such Acquisition only in the ordinary and normal course of business, subject to the following
provisions with respect to any proposed entry into any Material Contract relating to such Acquisition or any proposed amendment,
termination or waiver (in whole or in part) of any Material Contract relating to such Acquisition (each such proposal, a “Material
Contract Change”):

 

		(i)	Seller shall give prior written notice to Purchaser of, and shall to the extent practicable consult
in good faith with Purchaser regarding, any Material Contract Change that would reasonably be expected to materially and adversely
affect such Project or any applicable HoldCo; and

 

		(ii)	Seller may, but shall not be obligated to, seek by written notice the approval of the Purchaser
to any Material Contract Change. During the twenty calendar-day period following delivery of any such notice, Seller shall provide
to the Purchaser promptly any information within Seller’s possession regarding such Material Contract Change as the Purchaser
reasonably requests. The Purchaser shall, by the end of such twenty calendar-day period, notify Seller whether it approves (acting
reasonably) such Material Contract Change. If Purchaser does not approve such Material Contract Change, Seller may (A) abstain
from proceeding with such Material Contract Change, (B) proceed with such Material Contract Change (in which case the Purchaser
retains its right to

 

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assert a failure of a condition
precedent to Closing, if applicable), or (C) terminate this Agreement with respect to such Project Company. If Purchaser fails
to complete the Closing as a result of a proposed Material Contract Change, then the Seller must proceed with such Material Contract
Change, or notify the Purchaser and provide the Purchaser with the opportunity to complete such Closing.

 

(b)  Access,
Information and Documents. Subject to the next sentence, Seller will give to the Purchaser and to the Purchaser’s counsel,
accountants and other representatives reasonable access during normal business hours to all material Books and Records of the Project
Company and the Project for such Acquisition (subject to all applicable safety and insurance requirements and any limitations on
Seller’s rights to, or right to provide others with, access) and will furnish to the Purchaser all such documents and copies
of documents and all information, including operational reports, with respect to the affairs of any HoldCo, the Project Company
and the Project for such Acquisition as the Purchaser may reasonably request. If, by reason of any confidentiality obligations
imposed on Seller by any counterparty to a Contract who deals at arm’s length with Seller, Seller is unable to comply with
the foregoing covenant, Seller and the Purchaser shall use commercially reasonable efforts to obtain all necessary consents or
waivers required to make the disclosure (which, in the case of the Purchaser, may include the requirement to enter into a reasonable
confidentiality or non-disclosure agreement). The Purchaser agrees to comply with any confidentiality obligations which would be
applicable to it under any such Contracts received from Seller hereunder.

 

(c)  Updating
of Disclosure Schedules. Seller shall notify Purchaser in writing of any material changes, additions, or events occurring after
the date of this Agreement and before the Closing which require a representation and warranty of Seller for an Acquisition (other
than any representations or warranties in Sections ‎2.6, ‎2.7 and ‎2.11, which, for clarity,
may not be updated by Seller) to be supplemented with a new Schedule or cause any material change in or addition to a Schedule
promptly after Seller becomes aware of the same by delivery of such new Schedule or appropriate updates to any such Schedule (each,
an “Updated Disclosure Schedule”) to Purchaser. Each Updated Disclosure Schedule shall (i) expressly
state that it is being made pursuant to this Section ‎4.1(c), (ii) specify the representations and warranties to which
it applies and (iii) describe in reasonable detail the changes, additions or events to which it relates. No Updated Disclosure
Schedule delivered pursuant to this Section ‎4.1(c) shall be deemed to cure any breach of any representation or warranty
made to the Purchaser with respect to an Acquisition unless the Purchaser specifically agrees thereto in writing or, as provided
in and subject to Article ‎5, consummates the Closing under this Agreement after receipt of such written notification,
nor shall any such Updated Disclosure Schedule be considered to constitute or give rise to a waiver by either of the Purchaser
of any condition set forth in this Agreement with respect to an Acquisition, unless the Purchaser specifically agrees thereto in
writing or consummates the Closing under this Agreement after receipt of such written notification.

 

(d)  Further
Assurances. Each of the parties hereto shall use commercially reasonable efforts to take, or cause to be taken, all actions
and to do, or cause to be done, all

 

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things necessary, proper or advisable to
consummate the transactions contemplated hereby as soon as practicable.

 

(e)  Futtsu
MIPA. Seller shall not, and shall not permit any of its Subsidiaries to, amend, modify, terminate, grant any waivers under
or supplement in any respect the Futtsu MIPA without Purchaser’s prior written consent.

 

(f)  Tax.
Without the prior written consent of Purchaser, none of Seller, the HoldCo for an Acquisition (or any of such HoldCo’s Subsidiaries)
shall, to the extent it may affect such HoldCo or its Subsidiaries and/or the owners of any such entity, make or change any Tax
election, change any annual Tax accounting period, adopt or change any method of Tax accounting, file any amended Tax Return, settle
any Tax claim or assessment, surrender any right to claim a Tax refund, offset or other reduction in Tax liability.

 

(g)  Distributions.
Without the prior written consent of Purchaser, the HoldCo for each Acquisition shall not make any distributions of cash or assets
to its equity holders.

 

4.2  Other
Covenants

 

(a)  Costs,
Expenses. Except as may be specified elsewhere in this Agreement, the Purchaser shall pay all costs and expenses, including
legal fees and the fees of any broker, environmental consultant, insurance consultant, independent engineer, and title company
retained by the Purchaser for its due diligence and its negotiation, performance of and compliance with this Agreement. Seller
shall pay all costs and expenses (including in connection with any reports, studies or other documents with respect to an Acquisition
listed in Part II of Section C of the applicable Appendix, unless specifically noted therein), including legal fees
and the fees of any broker of Seller or its Affiliates, relating to or resulting from the negotiation, performance of and compliance
with this Agreement by Seller.

 

(b)  Public
Announcement; Confidentiality. No party hereto shall make or issue, or cause to be made or issued, any public announcement
or written statement concerning this Agreement or the transactions contemplated hereby without the prior written consent of the
other parties, except to the extent required by law (including any disclosure which, in the reasonable judgment of the disclosing
party, is necessary or appropriate to comply with Governmental Rules and standards governing disclosures to investors) or in accordance
with the rules, regulations and orders of any stock exchange. Seller shall not, and shall cause its Affiliates and directors, officers,
employees, agents, consultants advisors and partners not to, disclose any confidential information in or relating to this Agreement
other than (i) to its Affiliates and its and their directors, officers, employees, agents, consultants, advisors and partners,
provided in each case that such recipient is bound by reasonable confidentiality obligations, (ii) as required by applicable
law or regulation or (iii) with the prior consent of Purchaser. Seller shall not use, and shall not enable any third party
to use, any confidential information in or relating to this Agreement that constitutes material non-public information regarding
Purchaser in a manner that is prohibited by the U.S. securities laws.

 

(c)  Regulatory
Approvals. Each party shall use its commercially reasonable efforts to obtain all required regulatory approvals with respect
to each Acquisition (including the

 

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required Governmental Approvals set forth
in Part VII of Section A of the applicable Appendix) as promptly as possible and, in any event, prior to the Closing
Date for such Acquisition. To that end, each of the parties shall make, or cause to be made, all other filings and submissions,
and submit all other documentation and information that in the reasonable opinion of the Purchaser is required or advisable, to
obtain the regulatory approvals for each Acquisition, and will use its commercially reasonable efforts to satisfy all requests
for additional information and documentation received under or pursuant to those filings, submissions and the applicable legislation
and any orders or requests made by any Governmental Authority. Notwithstanding any other provision of this Agreement, the Purchaser
will not be required to (i) propose or agree to accept any undertaking or condition, enter into any consent agreement, make any
divestiture or accept any operational restriction or other behavioral remedy with respect to any Acquisition, (ii) take any action
that, in the reasonable judgment of the Purchaser, could be expected to limit the right of the Purchaser to own or operate all
or any portion of the business or assets of the Project Company for an Acquisition or of the Purchaser or any of its Affiliates,
or to conduct their respective affairs in a manner consistent with how they each conduct their affairs as of the date of this Agreement,
or (iii) contest or defend any judicial or administrative proceeding brought by any Governmental Authority seeking to prohibit,
prevent, restrict or unwind the consummation of all or a part of an Acquisition.

 

(d)  Consents.
Except in respect of regulatory approvals, which shall be governed by Section ‎4.2(c), as promptly as possible and,
in any event, prior to the Closing Date, Seller shall use commercially reasonable efforts to (i) make or cause to be made all filings
required by Law to be made by it in order to consummate each Acquisition; and (ii) seek and obtain all Consents required pursuant
to Part VII of Section A of the Appendix relating to such Acquisition.

 

(e)  Other
Obligations of Seller and Purchaser. The parties mutually covenant as follows:

 

		(i)	to use all reasonable efforts in good faith to obtain promptly the satisfaction of the conditions
to the Closing for each Acquisition;

 

		(ii)	to furnish to the other parties and to the other parties’ counsel all such information as
may be reasonably required in order to effectuate the foregoing actions, including draft regulatory filings and submissions, provided
that such information may be redacted to render illegible any commercially sensitive portions thereof, and in such event the parties
will meet in good faith to agree on protective measures to allow disclosure of such redacted information to counsel in a manner
that affords the maximum protection to such commercially sensitive information as is reasonable in the circumstances; and

 

		(iii)	to advise the other parties promptly if any party determines that any condition precedent to its
obligations hereunder will not be satisfied in a timely manner.

 

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(f)  Allocation
of Partnership Income and Loss. With respect to the income or loss of the Project Company for an Acquisition for the fiscal
year in which the Closing occurs, the Purchaser shall cause such Project Company to allocate income or loss of such Project Company
with respect to the Acquired Interests for such Acquisition for the period up to and including the Closing Date to the Seller,
and to allocate income or loss of such Project Company with respect to such Acquired Interests for the period after the Closing
Date to Purchaser.

 

4.3  Tax
Covenants.

 

(a)  Seller
shall prepare or cause to be prepared and file or cause to be filed (i) all Tax Returns for HoldCo and its Subsidiaries that do
not include any Post-Closing Tax Period and (ii) all Tax Returns that the HoldCo and its respective Subsidiaries file jointly with
the Seller or any of its Affiliates. Seller shall permit Purchaser to review, comment and consent on each such Tax Return prior
to filing it and shall reasonably and in good faith consider such revisions to such Tax Returns as are requested by Purchaser.
To the extent that any Taxes shown as due and payable on any such Tax Return were not included in the calculation of the Purchase
Price, such Taxes shall be paid by Seller.

 

(b)  Except
as set forth in Section 4.03(c), Buyer shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for
HoldCo and its respective Subsidiaries. Purchaser shall permit Seller to review and comment on each such Tax Return that relates
to a Pre-Closing Tax Period prior to filing it, to the extent that such Tax Return could result in a Tax liability for which Seller
would be responsible under this Agreement, and Purchaser shall reasonably and in good faith consider such revisions to such Tax
Returns as are requested by Seller. Any Covered Taxes for any Tax Period with respect to which such Tax Returns were filed shall
be promptly paid to Buyer or, at Buyer’s request, to the applicable Governmental Authority, to the extent not included in
the calculation of the Purchase Price.

 

(c)  For
purposes of the determination of Covered Tax in respect of a Straddle Tax Period, (i) in the case of any Taxes other than gross
receipts, sales or use Taxes and Taxes based upon or related to income, the definition of Covered Tax shall be deemed to include
the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax
period ending on and including the Closing Date and the denominator of which is the number of days in the entire Tax period, and
(ii) in the case of any Tax based upon or related to income and any gross receipts, sales or use Tax, the definition of Covered
Tax shall be deemed to include the amount that would be payable if the relevant Tax period ended on and included the Closing Date.

 

(d)  All
transfer (including real property transfer), stamp, issuance, sales, use, filing, recording, documentary, value added, ad valorem
or similar taxes or governmental fees or assessments (collectively, and including any penalties and interest, “Transfer
Taxes”) incurred in connection with an Acquisition contemplated by this Agreement shall be borne in equal parts by
Purchaser and Seller. The party that is required by applicable Law to file any Tax Return with respect to Transfer Taxes shall
do so, and the other party shall reasonably cooperate with respect thereto. If either party may file any such required Tax Return,
Seller shall file the Tax Return and Purchaser agrees to reasonably cooperate with Seller with respect thereto.

 

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4.4  Scope
of Covenants. The covenants and agreements contained in this Article 4 shall apply on an Acquisition by Acquisition
bases, and any breach of any covenant or agreement with respect to any one Acquisition shall not in and of itself constitute a
breach of such covenant or agreement with respect to any other Acquisition.

 

ARTICLE 5

CONDITIONS TO CLOSING; TERMINATION

 

5.1  Conditions
Precedent to Each Party’s Obligations to Close. The obligations of the parties to proceed with a Closing with respect
to an Acquisition under this Agreement are subject to the fulfillment prior to or at such Closing of the following conditions (any
one or more of which may be waived in whole or in part by all parties in their sole discretion):

 

(a)  No
Violations. The consummation of such Acquisition shall not violate any applicable Governmental Rule.

 

(b)  No
Adverse Proceeding. No order of any court or administrative agency shall be in effect which restrains or prohibits such Acquisition,
and there shall not have been threatened, nor shall there be pending, any action or proceeding by or before any court or Governmental
Authority challenging such Acquisition or seeking monetary relief by reason of the consummation of such Acquisition.

 

(c)  No
Termination. The obligations under this Agreement with respect to such Acquisition shall not have been terminated pursuant
to Section ‎5.4.

 

(d)  Other
Conditions Precedent to Closing to Each Party’s Obligations. The conditions precedent, if any, set forth on Section
A-3 of the Appendix relating to such Acquisition shall have been satisfied (any one or more of which may be waived in whole
or in part by all parties in their sole discretion).

 

5.2  Conditions
Precedent to the Obligations of Purchaser to Close. The obligations of the Purchaser to proceed with a Closing with respect
to an Acquisition under this Agreement are subject to the fulfillment prior to or at such Closing of the following conditions (any
one or more of which may be waived in whole or in part by the Purchaser in its sole discretion):

 

(a)  Representations
and Warranties. The representations and warranties of Seller set forth in Sections ‎2.1 to ‎2.7 (inclusive)
and ‎2.11 with respect to such Acquisition shall be true and correct as of the Closing Date as if made at and as of
such date. All other representations and warranties of Seller set forth in Article 2 with respect to such Acquisition shall
be true and correct at and as of such Closing Date as if made at and as of such date (other than any representations or warranties
that are qualified by materiality, including by reference to Material Adverse Effect with respect to such Acquisition, which shall
be true in all respects) as though such representations and warranties were made on and as of such Closing Date, except to the
extent that (i) such representations and warranties expressly relate to an earlier date, in which case as of such earlier
date and (ii) the failure of such representations and warranties to be true and correct, taken in the aggregate, would not
have a Material Adverse Effect with respect to such Acquisition.

 

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(b)  Performance
and Compliance. Seller shall have performed, in all material respects, all of the covenants and complied with all of the provisions
required by this Agreement to be performed or complied with by it with respect to such Acquisition on or before such Closing.

 

(c)  Consents.
All necessary Consents relating to such Acquisition shall have been obtained, including those set forth in Part VII of Section
A of the Appendix relating to such Acquisition.

 

(d)  Certificate
of Seller. The Purchaser shall have received a certificate of Seller dated the date of such Closing confirming the matters
set forth in Sections ‎5.2(a) and ‎(b) with respect to such Acquisition in a form reasonably acceptable to
the Purchaser.

 

(e)  Good
Standing Certificate. The Purchaser shall have received a good standing certificate of Seller, each Subsidiary Transferor (if
applicable), each HoldCo and the Project Company relating to such Acquisition, in each case issued by the secretary of state or
equivalent local Governmental Authority of the state or local jurisdiction of its formation; provided that in the case of
any entities formed under the laws of Japan, documents which are customary delivered for Japanese entities which evidence the equivalent
shall be delivered in lieu of a good standing certificate.

 

(f)  Satisfactory
Instruments. All instruments and documents reasonably required on the part of Seller to effectuate and consummate such Acquisition
shall be delivered to the Purchaser and shall be in form and substance reasonably satisfactory to the Purchaser.

 

(g)  Material
Contracts. Absence of any amendment to, entry into, termination or waiver (in whole or in part) of any applicable Material
Contract relating to such Acquisition, except any such amendment, termination or waiver that has been approved by the Purchaser
that would reasonably be expected to materially and adversely affect the Project or any applicable HoldCo.

 

(h)  Other
Conditions Precedent to Seller’s Obligation to Close. The conditions precedent, if any, set forth in Part IV of
Section A of the Appendix relating to such Acquisition shall have been satisfied or waived in whole or in part by Purchaser
in Purchaser’s sole discretion.

 

5.3  Conditions
Precedent to the Obligations of Seller to Close. The obligations of Seller to proceed with a Closing with respect to an Acquisition
under this Agreement are subject to the fulfillment prior to or at such Closing of the following conditions (any one or more of
which may be waived in whole or in part by Seller in its sole discretion):

 

(a)  Purchase
Price. The Purchaser shall have transferred in immediately available funds the Purchase Price for such Acquisition pursuant
to, in accordance with and into the account or accounts designated in, Part I of Section A of the Appendix relating
to such Acquisition.

 

(b)  Representations
and Warranties. The representations and warranties set forth in Article ‎3 with respect to such Acquisition shall
be true and correct at and as of such

 

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Closing Date as if made at and as of such
date (other than any representations or warranties that are made as of a specific date, which shall be true and correct as of such
date).

 

(c)  Performance
and Compliance. The Purchaser shall have performed, in all material respects, all of the covenants and complied with all the
provisions required by this Agreement to be performed or complied with by it with respect to such Acquisition on or before such
Closing.

 

(d)  Certificate
of Purchaser. Seller shall have received a certificate of the Purchaser dated the date of such Closing confirming the matters
set forth in Sections ‎5.3(b) and ‎(c) relating to such Acquisition in a form reasonably acceptable to Seller.

 

(e)  Satisfactory
Instruments. All instruments and documents required on the part of the Purchaser to effectuate and consummate such Acquisition
shall be delivered to Seller and shall be in form and substance reasonably satisfactory to Seller.

 

(f)  Other
Conditions Precedent to Seller’s Obligation to Close. The conditions precedent, if any, set forth in Section A-5
of the Appendix relating to such Acquisition shall have been satisfied or waived in whole or in part by Seller in Seller’s
sole discretion.

 

5.4  Scope
of Conditions. The conditions set forth in Sections 5.1, 5.2 and 5.3 shall be applied on an Acquisition by Acquisition
basis, and the satisfaction, failure or waiver of any condition relating to an Acquisition shall not in and of itself constitute
the satisfaction, failure or waiver of any condition relating to any other Acquisitions.

 

5.5  Termination.
The following termination provisions shall be applicable to the Acquisitions prior to the Closing and shall apply to all of the
Acquisitions such that a termination of the obligations of the parties under this Agreement with respect to an Acquisition shall
terminate such obligations of the parties with respect to each other Acquisitions:

 

(a)  By
the Parties. The obligations of the parties under this Agreement with respect to an Acquisition may be terminated at any time
prior to the Closing for such Acquisition by mutual written consent of Purchaser and Seller.

 

(b)  By
Either Party. The obligations of the parties under this Agreement with respect to an Acquisition may be terminated at any time
prior to the Closing for such Acquisition by either Seller or the Purchaser, if (i) a Government Approval required to be obtained
as set forth on Part VII of Section A of the Appendix for such Acquisition shall have been denied and all appeals
of such denial have been taken and have been unsuccessful, (ii) one or more courts of competent jurisdiction in the United States,
or any state or any other applicable jurisdiction has issued an order permanently restraining, enjoining, or otherwise prohibiting
the Closing of such Acquisition, and such order has become final and non-appealable, or (iii) the Closing of such Acquisition has
not occurred by the Outside Closing Date for such Acquisition, but if such failure to close by such Outside Closing Date is due
to any breach of this Agreement relating to such Acquisition by any party, such party shall not have any right to terminate this
Agreement with respect to such Acquisition pursuant to this clause (iii).

 

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(c)  Other
Termination Rights. The obligations of the parties under this Agreement with respect to an Acquisition may be terminated at
any time prior to the Closing of such Acquisition by the applicable party if and to the extent permitted in Part V of Section
A of the Appendix for such Acquisition.

 

(d)  Termination
Procedure. In the event of termination of the obligations of the parties under this Agreement with respect to an Acquisition
by any or all parties pursuant to this Section ‎‎5.5, written notice thereof will forthwith be given by the terminating
party to the other parties and the obligations of the parties under this Agreement with respect to such Acquisition will terminate
and the Closing for such Acquisition without further action by any party. If the obligations of the parties under this Agreement
with respect to an Acquisition are terminated as permitted by this Section ‎5.5, such termination shall be without liability
of any party (or any stockholder, shareholder, director, officer, employee, agent, consultant or representative of such party)
to the other parties to this Agreement with respect to such Acquisition; provided that (i) the foregoing will not relieve
any party for any liability for willful and intentional material breaches of its obligations hereunder occurring prior to such
termination and (ii) except as specifically set forth herein, nothing in this Agreement shall derogate from the provisions
of the Purchase Rights Agreements, which agreements shall remain in full force and effect after any termination of this Agreement.

 

5.6  Closing
Notice. Upon the satisfaction of the conditions set forth in Sections ‎5.1 and ‎5.2 with respect to any
Acquisition, Seller shall deliver a notice to Purchaser scheduling the date of the Closing for such Acquisition (a “Closing
Notice”), which shall be at least ten (10) Business Days after the date of delivery of the Closing Notice.

 

ARTICLE 6

REMEDIES FOR BREACHES OF THIS AGREEMENT

 

6.1  Indemnification.

 

(a)  By
Seller. Subject to Part VI of Section A of the applicable Appendix and the limitations set forth in this Article
‎6 and Section ‎7.14, from and after the Closing of an Acquisition, Seller agrees to indemnify and hold harmless
the Purchaser and its Affiliates together with their respective directors, officers, managers, employees and agents (each a “Purchaser
Indemnified Party”) from and against any and all Losses that any Purchaser Indemnified Party incurs with respect
to such Acquisition by reason of or in connection with any of the following circumstances:

 

		(i)	any breach by Seller of any representation or warranty made by it in Article ‎2 with
respect to such Acquisition (subject to any applicable Updated Disclosure Schedules delivered pursuant to Section ‎4.1(c)
with respect to such Acquisition that are deemed to cure a breach of any representation or warranty in accordance with the last
sentence of Section ‎4.1(c)) or any breach or violation of any covenant, agreement or obligation of Seller contained
herein relating to such Acquisition;

 

    24 

     

    

		(ii)	Covered Taxes; and

 

		(iii)	as set forth in Part VI of Section A of the Appendix for such Acquisition.

 

(b)  By
Purchaser. Subject to Part VI of Section A of the applicable Appendix and the limitations set forth in this Article ‎6
and Section ‎7.14, from and after the Closing of an Acquisition, the Purchaser agrees to indemnify and hold harmless
Seller and Seller’s Affiliates together with their respective directors, officers, managers, employees and agents (each a
“Seller Indemnified Party”) from and against any and all Losses that any Seller Indemnified Party incurs
with respect to such Acquisition by reason of or in connection with any of the following circumstances:

 

		(i)	any breach by the Purchaser of any representation or warranty made by it in Article ‎3
with respect to such Acquisition or any breach or violation of any covenant, agreement or obligation of the Purchaser contained
herein relating to such Acquisition; and

 

		(ii)	as set forth in Part VI of Section A of the applicable Appendix for such Acquisition.

 

6.2  Limitations
on Seller’s or Purchaser’s Indemnification.

 

(a)  Minimum
Limit on Claims. A party required to provide indemnification under this Article ‎6 (an “Indemnifying
Party”) with respect to an Acquisition shall not be liable under this Article ‎6 to an Indemnified Party
for any Claim for breach of any representation or warranty with respect to such Acquisition unless and until the aggregate amount
of all Claims with respect to such Acquisition for which it would, in the absence of this provision, be liable exceeds the Basket
Amount for such Acquisition, and in such event the Indemnified Party will be liable for the amount of all Claims with respect to
such Acquisition, including the applicable Basket Amount; provided that the foregoing limitation shall not apply in the
case of actual fraud or willful misrepresentation by the Indemnifying Party with respect to such Acquisition or, for the avoidance
of doubt, to Covered Taxes.

 

(b)  Maximum
Limit on Claims.

 

		(i)	Limitation on Seller’s Liability. Seller’s maximum aggregate liability for Claims
for breaches of representations and warranties under this Agreement with respect to an Acquisition is limited to Seller’s
Maximum Liability set forth in Part VI of Section A of the applicable Appendix for such Acquisition; provided
that the Seller’s Maximum Liability will not apply to any Claim based on (A) actual fraud or willful misrepresentation
with respect to such Acquisition, (B) any breach of the representations and warranties set forth in Sections ‎2.1,
‎2.2, ‎2.3, ‎2.5, ‎2.6, ‎2.9,
‎2.11 and ‎2.18 (solely with respect to the Indebtedness of the HoldCos and Project Company
relating to such Acquisition) or (C) for the avoidance of doubt, Covered Taxes.

 

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		(ii)	Limitation on Purchaser’s Liability. The Purchaser’s maximum aggregate liability
for Claims for breaches of representations and warranties under this Agreement with respect to an Acquisition is limited to the
Purchaser’s Maximum Liability set forth in Part VI of Section A of the Appendix for such Acquisition; provided
that the Purchaser’s Maximum Liability will not apply to any Claim based on (A) actual fraud or willful misrepresentation
with respect to such Acquisition or (B) any breach of the representations and warranties set forth in Sections ‎3.1,
‎3.2, ‎3.3, ‎3.5 and ‎‎3.10 with respect to such Acquisition.

 

(c)  Time
Limit for Claims. No Indemnified Party may make a Claim for indemnification under Section ‎6.1 in respect of any
Claim unless notice in writing of the Claim, incorporating a statement setting out in reasonable detail the grounds on which the
Claim is based, has been given by the Indemnified Party prior to the expiration of the applicable Survival Period as set forth
in Part VI of Section A of the Appendix relating to the applicable Acquisition.

 

6.3  Reimbursements;
Refunds.

 

(a)  Right
of Reimbursement. Subject to Part VI of Section A of the applicable Appendix, the amount of Losses payable under
Section ‎6.1 by an Indemnifying Party shall be net of any amounts recovered by the Indemnified Party under applicable
insurance policies or from any other Person responsible therefor. If the Indemnified Party receives any amounts under applicable
insurance policies, or from any other Person responsible for any Losses subsequent to an indemnification payment by the Indemnifying
Party and such amounts would result in a duplicative recovery, then such Indemnified Party shall promptly reimburse the Indemnifying
Party for any payment made or expense incurred by such Indemnifying Party in connection with providing such indemnification payment
up to the amount received by the Indemnified Party, net of any expenses incurred by such Indemnified Party in collecting such amount.

 

(b)  Other
Refund Obligations. In addition to the obligations set forth in Section ‎6.3(a), the applicable Indemnified Party
shall be obligated to reimburse or refund to the Indemnifying Party for payments made by it to such Indemnified Party under this
Article ‎6 with respect to an Acquisition as set forth in Part VI of Section A of the Appendix for such
Acquisition.

 

6.4  Right
to Control Proceedings for Third Party Claims.

 

(a)  If
a third party shall notify any party with respect to any matter that may give rise to a Claim (a “Third Party Claim”),
the Indemnified Party must give notice to the Indemnifying Party of the Third Party Claim (a “Third Party Claim Notice”)
within twenty (20) Business Days after it becomes aware of the existence of the Third Party Claim and that it may constitute a
Third Party Claim. The Indemnified Party’s failure to give a Third Party Claim Notice in compliance with this Section
‎6.4(a) of any Third Party Claim which may give rise to a right of indemnification hereunder shall not relieve the Indemnifying
Party of any liability which it may have to the Indemnified Party unless, and solely to the extent that, the failure to give such
notice materially and adversely prejudiced the Indemnifying Party.

 

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(b)  The
Indemnifying Party shall have the right to participate in, or by giving written notice to the Indemnified Party, to assume control
of the defense of any Third Party Claim with the Indemnifying Party’s own counsel, in each case at the Indemnifying Party’s
own cost and expense (provided that prior to assuming control of such defense, the Indemnifying Party must acknowledge its indemnity
obligations under this Article ‎6), and the Indemnified Party shall cooperate in good faith in such defense. The Indemnified
Party shall have the right, at its own cost and expense, to participate in the defense of any Third Party Claim with separate counsel
selected by it, subject to the Indemnifying Party’s right to control the defense thereof; provided that in such event
the Indemnifying Party shall pay the fees and expenses of such separate counsel (i) incurred by the Indemnified Party prior to
the date the Indemnifying Party assumes control of the defense of the Third Party Claim, (ii) if such Third Party Claim would reasonably
be expected to be materially detrimental to the business, reputation or future prospects of any Indemnified Party or (iii) if representation
of both the Indemnifying Party and the Indemnified Party by the same counsel would create a conflict of interest. If the Indemnifying
Party (i) fails to promptly notify the Indemnified Party in writing of its election to defend or fails to acknowledge its indemnity
obligations under this Article ‎6 as provided in this Agreement, (ii) elects not to defend (or compromise at its sole
cost and expense) such Third Party Claim, (iii) has elected to defend such Third Party Claim but fails to promptly and diligently
pursue the defense of such Third Party Claim, (iv) otherwise breaches any of its obligations under this Article ‎6 with
respect to the applicable Acquisition or (v) if the Third Party Claim is reasonably expected by the Indemnified Party to result
in a payment obligation on the Indemnified Party in an amount that exceeds the maximum indemnification then available to the Indemnified
Party pursuant to this Article ‎6, then the Indemnifying Party shall not be entitled to assume or maintain control of
the defense of such Third Party Claim and the Indemnified Party may (by written notice to the Indemnifying Party) assume control
of such defense (in which case the Indemnifying Party shall pay the fees and expenses of counsel retained by the Indemnified Party)
and/or compromise such Third Party Claim and seek indemnification for any and all Losses based upon, arising from or relating to
such Third Party Claim. The parties shall cooperate with each other in all reasonable respects in connection with the defense of
any Third Party Claim.

 

(c)  Notwithstanding
any other provision of this Agreement, the Indemnifying Party shall not enter into any settlement of any Third Party Claim without
the prior written consent of the Indemnified Party (which consent shall not be unreasonably withheld or delayed), except as provided
in this Section ‎6.4(c). If a firm offer is made to settle a Third Party Claim that (i) does not (A) result in any liability
or create any financial or other obligation on the part of the Indemnified Party and (B) result in the loss of any right or benefit
on the part of any Indemnified Party, (ii) does not impose injunctive or other equitable relief against any Indemnified Party,
and (iii) provides, in customary form, for the unconditional release of each Indemnified Party from all liabilities and obligations
in connection with such Third Party Claim, and the Indemnifying Party desires to accept and agree to such firm offer, then the
Indemnifying Party shall give written notice to that effect to the Indemnified Party. If the Indemnified Party fails to consent
to such firm offer within twenty (20) days after its receipt of such notice, the Indemnified Party may continue to contest or defend
such Third Party Claim and in such event, the maximum liability of the Indemnifying Party as to such Third Party Claim shall not
exceed the amount of such settlement offer. If the Indemnified Party fails to consent to such firm offer within such twenty (20)
day period and also fails to assume defense of such Third Party Claim,

 

    27 

     

    

the Indemnifying Party may settle the Third
Party Claim upon the terms set forth in such firm offer to settle such Third Party Claim. If the Indemnified Party has assumed
the defense pursuant to Section ‎6.4(b), it may settle the Third Party Claim; provided that if the settlement
is made without the prior written consent of the Indemnifying Party (which consent shall not be unreasonably withheld or delayed),
the Indemnifying Party shall have no indemnity obligation pursuant to this Article ‎6 with respect to such Third Party
Claim.

 

6.5  Mitigation;
Treatment of Indemnification.

 

(a)  The
Indemnified Party shall use commercially reasonable efforts to mitigate all Losses relating to a Claim for which indemnification
is sought under this Article ‎6.

 

(b)  All
indemnification payments under this Article ‎6 with respect to an Acquisition shall be deemed adjustments to the Purchase
Price for such Acquisition.

 

6.6  Exclusive
Remedy. Seller and Purchaser acknowledge and agree that, upon the occurrence of a Closing for an Acquisition, and excluding
liability for actual fraud or willful misrepresentation, the foregoing indemnification provisions of this Article ‎6
and the provisions of Section ‎7.15 shall be the sole and exclusive remedy of Seller and Purchaser with respect to any
applicable misrepresentation, breach of warranty, covenant or other agreement (other than any Purchase Price Adjustment set forth
in Part I of Section A of the Appendix for such Acquisition) or other claim arising out of such Acquisition
and/or the applicable provisions of this Agreement. Without limiting the generality of the foregoing, effective as of a Closing
for an Acquisition each of the Purchaser and Seller covenants to the other party that in respect of any matters under or contemplated
in this Agreement, it will not make any Claim whatsoever against any Affiliate of the other party or the directors, officers, managers,
shareholders, member, controlling persons, employees and agents of any of the foregoing, in each case in their capacities as such,
with respect to such Acquisition and its rights in respect of any such Claim for breach of any provision of this Agreement with
respect to such Acquisition are limited solely to such rights as it may have against Seller or Purchaser, as the case may be, under
this Agreement with respect to such Acquisition.

 

ARTICLE 7

MISCELLANEOUS

 

7.1  Entire
Agreement. This Agreement and the Exhibits, Schedules and Appendices hereto, each of which is hereby incorporated herein, set
forth all of the promises, covenants, agreements, conditions, undertakings, representations and warranties between the parties
hereto with respect to the subject matter hereof and supersede all prior and contemporaneous agreements and understandings, inducements
or conditions, express or implied, oral or written.

 

7.2  Notices.
All notices, requests, demands and other communications hereunder shall be in writing (including facsimile transmission and electronic
mail (“email”) transmission and shall be deemed to have been duly given if personally delivered, telefaxed (with
confirmation of transmission), e-mailed (so long as confirmation of receipt is requested and received) or, if mailed, when by first-class
(for United States post only), certified or registered mail, postage prepaid, or by any international or national overnight delivery
service, to the other

 

    28 

     

    

party at the addresses as set forth in
Part VII of Section A (or at such other address as shall be given in writing by any party to the other). All such
notices, requests, demands and other communications shall be deemed received on the date of receipt by the recipient thereof if
received prior to 5 p.m. in the place of receipt and such day is a Business Day in the place of receipt. Otherwise, any such notice,
request or communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt.

 

7.3  Successors
and Assigns.

 

(a)  No
party shall assign this Agreement or any of its rights or obligations herein without the prior written consent of the other parties,
in their sole discretion, except as provided herein and except that any party may assign this Agreement or any of its rights or
obligations herein to an Affiliate of such party but the assigning party shall continue to be liable for all of its obligations
hereunder following any such assignment. Subject to the foregoing, this Agreement, and all rights and powers granted hereby, will
bind and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

 

(b)  Notwithstanding
Section ‎7.3(a), each of Seller and Purchaser may assign its rights and obligations under this Agreement with respect
to an Acquisition without the consent of the other parties as specified in Part VII of Section A of the Appendix
relating to such Acquisition.

 

7.4  Jurisdiction;
Service of Process; Waiver of Jury Trial.

 

(a)  EACH
OF THE PARTIES HERETO WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT,
TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

(b)  Any
and all claims, counterclaims, demands, causes of action, disputes, controversies, and other matters in question arising out of
or relating to this Agreement, or the alleged breach hereof, or in any way relating to the subject matter of this Agreement or
the relationship between the parties created by this Agreement (hereafter, a “Dispute”), except for any
claims for specific performance as set forth in Section ‎7.15, shall be finally resolved by binding arbitration administered
by the American Arbitration Association (“AAA”) under the AAA Commercial Arbitration Rules, including
the Procedures for Large, Complex Commercial Disputes (the “Rules”) then in force to the extent such
Rules are not inconsistent with the provisions of this Agreement. The party or parties commencing arbitration shall deliver to
the other party or parties a written notice of intent to arbitrate (a “Demand”) in accordance with Rule
R-4. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§1 et seq.

 

		(i)	Selection of Arbitrators. Disputes shall be resolved by a panel of three independent and
impartial arbitrators, (the “Arbitrators”). The party or parties initiating the arbitration shall appoint
an arbitrator in its or their Demand; the responding party or parties shall appoint an arbitrator in its or their answering statement,
which is due thirty (30) days after receipt of the Demand. If any

 

    29 

     

    

party fails or refuses to timely
nominate an arbitrator within the time permitted, such arbitrator shall be appointed by the AAA from individuals with significant
experience in renewable energy projects from its Large, Complex Commercial Case Panel. Within thirty (30) days of the appointment
of the second arbitrator, the two party-appointed arbitrators shall appoint the third arbitrator, who shall act as the chair of
the arbitration panel. If the two party-appointed arbitrators fail or refuse to appoint the third arbitrator within such thirty
(30)-day period, the third arbitrator shall be appointed by the AAA from individuals with significant experience in renewable energy
projects from its Large, Complex Commercial Case Panel in accordance with Rule R-12. The Arbitrators, acting by majority vote,
shall resolve all Disputes.

 

		(ii)	Confidentiality. To the fullest extent permitted by law, the arbitration proceedings and
award shall be maintained in confidence by the parties.

 

		(iii)	Place of Arbitration. The place of arbitration shall be New York, New York. Any action in
connection therewith shall be brought in the United States District Court for the Southern District of New York or, if that court
does not have jurisdiction, any New York state court in New York County. Each party consents to the exclusive jurisdiction of such
courts in any such suit, action or proceeding, and irrevocably waives, to the fullest extent permitted by law, any objection which
it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such
suit, action or proceeding which is brought in any such court has been brought in an inconvenient forum. Each party further agrees
to accept service of process out of any of the before mentioned courts in any such dispute by registered or certified mail addressed
to the party at the address set forth in Part VII of Section A.

 

		(iv)	Conduct of the Arbitration. The arbitration shall be conducted in accordance with the Rules
and in a manner that effectuates the parties’ intent that Disputes be resolved expeditiously and with minimal expense. The
Arbitrators shall endeavor to commence the arbitration hearing within one hundred and eighty (180) days of the third arbitrator’s
appointment.

 

		(v)	Interim Relief. Any party may apply to the Arbitrators seeking injunctive relief until the
arbitration award is rendered or the controversy is otherwise resolved. Any party also may, without waiving any remedy under this
Agreement, seek from any court having jurisdiction any interim or provisional relief that is necessary to protect the rights or
property of that party, pending the

 

    30 

     

    

establishment of the arbitral tribunal
(or pending the Arbitrators’ determination of the merits of the controversy).

 

		(vi)	Discovery. The Arbitrators, upon a showing of good cause, may require and facilitate such
limited discovery as it shall determine is appropriate in the circumstances, taking into account the needs of the parties, the
burden on the parties, and the desirability of making discovery limited, expeditious, and cost-effective. The Arbitrators shall
issue orders to protect the confidentiality of proprietary information, trade secrets and other sensitive information disclosed
in discovery.

 

		(vii)	Arbitration Award. The Arbitrators shall endeavor to issue a reasoned, written award within
thirty (30) days of the conclusion of the arbitration hearing. The Arbitrators shall have the authority to assess some or all of
the costs and expenses of the arbitration proceeding (including the Arbitrators’ fees and expenses) against any party. The
Arbitrators shall also have the authority to award attorneys’ fees and expenses to the prevailing party or parties. In assessing
the costs and expenses of the arbitration and/or awarding attorneys’ fee and expenses, the Arbitrators shall consider the
relative extent to which each party has prevailed on the disputed issues and the relative importance of those issues. The limitations
of Section ‎7.14 shall apply to any award by the Arbitrators.

 

7.5  Headings;
Construction; and Interpretation. The headings preceding the text of the sections and subsections hereof are inserted solely
for convenience of reference and shall not constitute a part of this Agreement, nor shall they affect its meaning, construction
or effect. Except as otherwise expressly provided, the rules of construction set forth in Exhibit B shall apply to this
Agreement. The parties agree that any rule of law or any legal decision that would require interpretation of any claimed ambiguities
in this Agreement against the party that drafted it has no application and is expressly waived.

 

7.6  Further
Assurances. Each party shall cooperate and take such action as may be reasonably requested by the other party in order to carry
out the provisions and purposes of this Agreement and the transactions contemplated hereby.

 

7.7  Amendment
and Waiver. The parties may by mutual agreement amend this Agreement in any respect, and any party, as to such party, may (a) extend
the time for the performance of any of the obligations of any other party, (b) waive any inaccuracies in representations by
any other party, (c) waive compliance by any other party with any of the agreements contained herein and performance of any
obligations by such other party, and (d) waive the fulfillment of any condition that is precedent to the performance by such
party of any of its obligations under this Agreement. To be effective, any such amendment or waiver must be in writing and be signed
by the party against whom enforcement of the same is sought.

 

    31 

     

    

7.8  No
Other Beneficiaries. This Agreement is being made and entered into solely for the benefit of Purchaser and Seller, and neither
Purchaser nor Seller intends hereby to create any rights in favor of any other Person as a third party beneficiary of this Agreement
or otherwise.

 

7.9  Governing
Law. This Agreement as it relates to an Acquisition shall be governed by and construed in accordance with the laws of the jurisdiction
specified in Part VII of Section A of the Appendix for such Acquisition.

 

7.10  Schedules.
References to a Schedule relating to an Acquisition shall include any disclosure expressly set forth on the face of any other Schedule
relating to such Acquisition even if not specifically cross-referenced to such other Schedule to the extent that the relevance
of such matter is reasonably apparent on the face thereof. The fact that any item of information is contained in a disclosure schedule
shall not be construed as an admission of liability under any Governmental Rule, or to mean that such information is material.
Such information shall not be used as the basis for interpreting the term “material”, “materially” or any
similar qualification in this Agreement.

 

7.11  Limitation
of Representations and Warranties. The Purchaser acknowledges that except as expressly provided in Article 2 of this
Agreement with respect to an Acquisition, Seller has not made, and Seller hereby expressly disclaims and negates, and the Purchaser
hereby expressly waives, any other representation or warranty, express, implied, at Law or otherwise relating to the Acquired Interests,
Seller or Seller’s Affiliates, the Project Companies, the Projects or this Agreement.

 

7.12  Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but which together shall
constitute one and the same instrument. A facsimile or electronically imaged version of this Agreement may be executed by one or
more parties hereto and an executed copy of this Agreement may be delivered by one or more parties hereto by facsimile or “PDF”
electronic mail pursuant to which the signature of or on behalf of such party can be seen, and such execution and delivery shall
be considered valid, binding and effective for all purposes.

 

7.13  Severability.
If any provision of this Agreement or any other agreement entered into pursuant hereto is contrary to, prohibited by or deemed
invalid under applicable law or regulation, such provision shall be inapplicable and deemed omitted to the extent so contrary,
prohibited or invalid, but the remainder hereof shall not be invalidated thereby and shall be given full force and effect so long
as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to
any party. Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated
as originally contemplated to the fullest extent possible.

 

7.14  Limit
on Damages. Each party hereto acknowledges and agrees that neither party shall be liable to the other party for any punitive
damages (except to the extent paid to a third party in respect of a Third Party Claim) or damages that were not reasonably foreseeable.

 

    32 

     

    

7.15  Specific
Performance. The parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed
in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches
of this Agreement or to enforce specifically the performance of the terms and provisions hereof in any court of competent jurisdiction,
in addition to any other remedy to which they are entitled at law or in equity.

 

[SIGNATURE PAGE FOLLOWS]

 

    33 

     

    

IN WITNESS WHEREOF,
the parties hereto have executed this Purchase and Sale Agreement as of the day and year first above written.

 

	
        PATTERN ENERGY GROUP INC.

         

        /s/ Dyann Blaine

        

        By: Dyann Blaine

        Its: Vice President

         
	 

 

 

[Signature Page to Purchase and Sale Agreement]

 

     

     

    

	
        PATTERN ENERGY GROUP LP

         

        /s/ Daniel M. Elkort

        

        By: Daniel M. Elkort

        Its: Vice President

         
	 

 

 

[Signature Page to Purchase and Sale Agreement]

 

     

     

    

	

EXHIBIT A: GENERAL DEFINITIONS

(as applicable and to the extent used in the final Agreement)

 

“AAA” shall have
the meaning set forth in Section ‎7.4(b).

 

“Acquisition”
shall have the meaning set forth in Section ‎1.1.

 

“Acquired Interests”
means, with respect to an Acquisition, the Acquired Interests defined and described in Part 1 of Section B of the
Appendix for such Acquisition.

 

“Affiliate” means,
with respect to any Person, any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled
by or is under common control with the Person specified, or who holds or beneficially owns 50% or more of the equity interest in
the Person specified or 50% or more of any class of voting securities of the Person specified; provided that notwithstanding
the foregoing (a) Purchaser and its Subsidiaries shall not be deemed to be Affiliates of Seller and (b) Seller and its Affiliates
(other than Purchaser and its Subsidiaries) shall not be deemed to be Affiliates of the Purchaser.

 

“Agreement” shall
have the meaning set forth in the preamble to this Agreement.

 

“Antisocial Activities”
means, collectively, (i) making violent demands; (ii) making wrongful demands beyond legal liability; (iii) engaging in threatening
or violent behavior in relation to transactions; (iv) damaging the trust of parties to a transaction or obstructing business by
spreading rumors or using fraudulent means or force; and (v) any other actions equivalent to items (i) through (iv).

 

“Antisocial Forces”
means entities or persons that are (i) gangster crime groups (“bouryokudan” as defined under Article 2(ii) of
the Act on Prevention of Unjust Acts by Organized Crime Group Members (Act No. 77 of 1991, including subsequent revisions; hereinafter,
the “Act on Prevention of Unjust Acts by Organized Crime Group Members”)); (ii) members of gangster crime
groups (“bouryokudan in” as defined under Article 2(vi) of the Act on Prevention of Unjust Acts by Organized
Crime Group Member; hereinafter the same) or former gangster crime groups members for whom fewer than five years having passed
since separation; (iii) associate members of gangster crime groups; (iv) companies affiliated with gangster crime groups; (v) extortionist
(soukaiya) racketeer groups; (vi) groups conducting criminal activities under the pretext of social campaigns; (vii) crime
groups specialized in intellectual crimes; (viii) other entities equivalent to items (i) through (vii); (ix) companies whose management
is influenced by a person to which any of items (i) through (viii) apply (hereinafter, “Gang Members”);
(x) companies whose management materially involves Gang Members; (xi) persons who wrongfully engage Gang Members for the purpose
of gaining unjust profit for themselves, their company or a third party or for the purpose of harming a third party; (xii) persons
who provide funds or assistance to or are otherwise involved with Gang Members; and (xiii) companies whose directors or other persons
materially involved in their management have socially unacceptable relationships with Gang Members.

 

“Arbitrators”
shall have the meaning set forth in Section ‎7.4(b).

 

    EX A - 1

     

    

“Basket Amount”
shall have the meaning set forth in Part VI of Section A of the applicable Appendix.

 

“Books and Records”
means books, Tax Returns, contracts, commitments, and records of a Person.

 

“Business Day”
means any day other than a Saturday, a Sunday or any other day on which banks are authorized to be closed in New York, New York
or Tokyo, Japan.

 

“Claim” means
a claim by an Indemnified Party for indemnification pursuant to Section ‎6.1.

 

“Closing” shall
have the meaning set forth in Section ‎1.4.

 

“Closing Date”
shall mean the date the Closing occurs.

 

“Closing Notice”
shall have the meaning set forth in Section ‎5.6.

 

“Code” shall
mean the United States Internal Revenue Code of 1986, as amended.

 

“Consent” means
any consent, approval, order or Permit of or from, or registration, declaration or filing with or exemption by any Person, including
any Governmental Authority.

 

“Contract” means
any agreement, lease, license, obligation, plan, arrangement, purchase order, commitment, evidence of indebtedness, mortgage, indenture,
security agreement or other contract (whether written or oral) entered into by a Person or by which a Person or any of its assets
are bound.

 

“Covered Tax”
means any (a) Tax of HoldCo and its Subsidiaries related to a Pre-Closing Tax Period and (b) liability for the payment of any amount
of Tax as a result of being or having been before the Closing a member of an affiliated, consolidated, combined or unitary group,
or a party to any agreement or arrangement, as a result of which liability of HoldCo or any of its Subsidiaries is determined or
taken into account with reference to the activities of any other Person.

 

“Demand” shall
have the meaning set forth in Section ‎7.4(b).

 

“Dispute” shall
have the meaning set forth in Section ‎7.4(b).

 

“Dollars” or
“$” means the lawful currency of the United States of America.

 

“Environmental Claim”
means any suit, action, demand, directive, claim, Lien, written notice of noncompliance or violation, allegation of liability or
potential liability, or proceeding made or brought by any Person in each case (a) alleging any liability under or violation of
or noncompliance with any applicable Environmental Law, (b) with respect to the release of or exposure to Hazardous Substances,
or (c) with respect to noise pollution or visual impacts, including shadow flicker.

 

    EX A - 2

     

    

“Environmental Law”
means any Law pertaining to the environment, natural resources, human health and safety in connection with exposure to Hazardous
Substances, and physical and biological natural resources, including but not limited to the Soil Contamination Countermeasures
Act of Japan (Act No. 53 of May 29, 2002) and Waste Management and Public Cleansing Act (Law No. 137 of 1970).

 

“ERISA” means
the Employment Retirement Income Security Act of 1974, as amended.

 

“Financial Model”
means the financial model for the applicable Project.

 

“Financial Statements”
means, with respect to the applicable Project, the annual unaudited consolidated statement of operations of such Project for the
year ended December 31, 2017 and the related balance sheet as at December 31, 2017, prepared in accordance with GAAP.

 

“Futtsu MIPA”
has the meaning ascribed to such term in Section ‎2.25.

 

“Futtsu Project”
means the solar project located in the Chiba Prefecture of Japan, as more fully described on Part II of the Section B
of the Appendix applicable to such project.

 

“GAAP” means
generally accepted accounting principles used by the applicable Project Company or HoldCo to prepare the Financial Statements,
consistently applied throughout the specified period.

 

“Governmental Authority”
means any federal or national, state, provincial, county, municipal or local government or regulatory or supervisory department,
body, political subdivision, commission, agency, instrumentality, ministry, court, judicial or administrative body, taxing authority,
or other authority thereof (including any corporation or other entity owned or controlled by any of the foregoing) having jurisdiction
over the matter or Person in question, including the Ministry of Economy, Trade and Industry of Japan and the Bank of Japan.

 

“Governmental Rule”
means, with respect to any Person, any applicable law, statute, treaty, rule, regulation, ordinance, order, code, judgment, decree,
protocol, operating guide, injunction or writ issued by any Governmental Authority.

 

“Hazardous Substances”
means all substances, materials, chemicals, wastes or pollutants that are defined, regulated, listed or prohibited under Environmental
Law, including without limitation, (i) asbestos or asbestos containing materials, radioactive materials, lead, and polychlorinated
biphenyls, any petroleum or petroleum product, solid waste, mold, mycotoxin, urea formaldehyde foam insulation and radon gas; (ii)
any waste or substance that is listed, defined, designated or classified as, or otherwise determined by any Environmental Law to
be, ignitable, corrosive, radioactive, dangerous, toxic, explosive, infectious, radioactive, mutagenic or otherwise hazardous;
(iii) any pollutant, contaminant, waste, chemical, deleterious substances or other material or substance (whether solid, liquid
or gas) that is defined as a “solid waste,” “hazardous waste,” “hazardous material,” “hazardous
substance,” “extremely hazardous waste,” “restricted hazardous waste,” “pollutant,” “contaminant,”
“hazardous constituent,” “special waste,” “toxic substance,” or a word, term, or phrase of
similar meaning or regulatory effect under any Environmental Law.

 

    EX A - 3

     

    

“HoldCo” means,
with respect to the applicable Project, the entities set forth on Part I of Section B of the Appendix applicable
to such Project; provided that if no HoldCo is specified, for purposes of this Agreement the applicable Project Company
shall be deemed to be the HoldCo for such Project.

 

“Indebtedness”
means all obligations of a Person (a) for borrowed money (including principal, accrued and unpaid interest, fees due, and any other
amounts due), whether or not contingent, (b) evidenced by notes, bonds, debentures, mortgages or similar instruments or debt securities,
(c) for the deferred purchase price of property, goods or services (other than trade payables or accruals incurred in the ordinary
course of business and not past due), including all seller notes and “earn out” payments, (d) under capital leases,
(e) secured by a Lien on the assets of such Person, whether or not such obligation has been assumed by such Person, (f) with respect
to reimbursement obligations for letters of credit, performance bonds and other similar instruments (whether or not drawn), (g)
under any interest rate, currency or other hedging agreement (including collars) or commitment therefor, (h) to repay deposits
or other amounts advanced by and owing to third parties, (i) under conditional sale or other title retention agreements relating
to property purchased by such Person, (j) in the nature of guaranties of the obligations described in clauses (a) through (i) above
of any other Person or as to which such Person has an obligation substantially the economic equivalent of a guaranty, or (k) in
respect of any other amount properly characterized as indebtedness in accordance with GAAP.

 

“Indemnified Party”
means either a Purchaser Indemnified Party or a Seller Indemnified Party, as the case may be.

 

“Indemnifying Party”
shall have the meaning set forth in Section ‎6.2(a).

 

“Intellectual Property”
means all intellectual property rights, including, without limitation, (a) patents, patent applications, patent disclosures and
inventions, (b) Internet domain names, trademarks, trade names, service marks, trade dress, trade names, logos and corporate names
and registration and applications for registration of any item listed in clause (b), together with all of the goodwill associated
therewith, (c) copyrights (registered or unregistered), works of authorship and copyrightable works, and registrations and applications
for registration of any item in this clause (c), (d) computer software (whether in source code, object code or other form), data,
databases and any documentation related to any item listed in this clause, (e) trade secrets and other confidential information
(including confidential and proprietary know how, ideas, formulas, compositions, recipes, inventions (whether patentable or unpatentable
and whether or not reduced to practice), manufacturing and production processes, procedures and techniques, research and development
information, drawings, blueprints, specifications, designs, plans, proposals, technical data, financial and marketing plans and
customer and supplier lists and information), (f) all rights of privacy and publicity, (g) other intellectual property rights and
(h) copies and tangible embodiments thereof (in whatever form or medium).

 

“Kanagi Project”
means the solar project located in the Shimane Prefecture of Japan, as more fully described on Part II of the Section
B of the Appendix applicable to such project.

 

“Knowledge” means
(a) with respect to Seller, the actual knowledge of the persons identified in Part VII of Section A of the applicable
Appendix, which shall include at a minimum (i) the

 

    EX A - 4

     

    

senior developer responsible for each Project,
(ii) the construction manager responsible for each Project, (iii) the transaction counsel responsible for the financing of each
Project and (iv) the finance manager responsible for the financing of each Project and (b) with respect to the Purchaser, the actual
knowledge of the persons identified in Part VII of Section A of the applicable Appendix.

 

“Laws” means
all common law, laws, by-laws, statutes, treaties, rules, Orders, rulings, decisions, judgments, injunctions, awards, decrees,
codes, ordinances, standards, regulations, restrictions, official guidelines, policies, directives, interpretations, Permits or
like action having the effect of law of any Governmental Authority.

 

“Lease” means
a lease, ground lease, sublease, license, concession, easement, right of way, encroachment agreement, municipal right of way agreements,
and road user agreements or other written agreement, including any option relating thereto, in each case, governing real property,
to which the Project Company for an Acquisition or any of its Subsidiaries is a party.

 

“Lien” on any
asset means any mortgage, deed of trust, lien, hypothec, pledge, charge, security interest, restrictive covenant, right of first
refusal, right of first offer, easement or encumbrance of any kind in respect of such asset, whether or not filed, recorded or
otherwise perfected or effective under applicable law, as well as the interest of a vendor or lessor under any conditional sale
agreement, capital lease or other title retention agreement relating to such asset.

 

“Loss” means
any and all losses (including loss of profit and loss of expected profit), claims, actions, liabilities, damages, expenses, diminution
in value or deficiencies of any kind or character including all interest and other amounts payable to third parties, all liabilities
on account of Taxes and all reasonable legal fees and expenses and other expenses reasonably incurred in connection with investigating
or defending any claims or actions, whether or not resulting in any liability.

 

“Material Adverse Effect”
means, with respect to an Acquisition, any circumstance, matter, condition, development, change, event, occurrence, state of affairs,
or effect that, individually or in the aggregate, is or would reasonably be expected to have a material adverse effect on (a) the
business, results of operations, assets or liabilities, financial condition or properties of any HoldCo for such Acquisition, the
Project Company for such Acquisition or any of their respective Subsidiaries, taken as a whole, or (b) the ability of Seller to
consummate the transactions contemplated by this Agreement with respect to such Acquisition or otherwise perform any of its obligations
under this Agreement with respect to such Acquisition; provided, however, none of the following shall be deemed (either
alone or in combination) to constitute, and none of the following shall be taken into account in determining whether there has
been, a Material Adverse Effect:

 

(a)  any
change in general economic, political or business conditions;

 

(b)  changes
resulting from acts of war or terrorism or any escalation or worsening of any such acts of war or terrorism threatened or underway
as of the date of this Agreement;

 

(c)  changes
or developments generally affecting the power services industry;

 

    EX A - 5

     

    

(d)  any
changes in accounting requirements or principles imposed by GAAP after the date of this Agreement;

 

(e)  any
changes in applicable Law after the date of this Agreement; or

 

(f)  changes
in the wind or solar power industry, as applicable, that, in each case, generally affect companies in such industry;

 

provided that
the incremental extent of any disproportionate change, event, occurrence, development, effect, condition, circumstance or matter
described in clauses (a) through (f) with respect to any HoldCo for such Acquisition, relative to other similarly situated businesses
in the wind or solar power industry, as applicable, may be considered and taken into account in determining whether there has been
a Material Adverse Effect.

 

“Material Contract”
means, with respect to an Acquisition, (i) any Material Lease to Acquisition, (ii) the Contracts set forth in Parts I, III,
IV and V of Section C of the Appendix relating to such Acquisition and (iii) any other Contract to which HoldCo
or the Project Company for such Acquisition or any of their respective Subsidiaries is a party or by which any such Person, or
any of their respective assets, is bound (A) providing for past or future payments by or to any such Person in excess of $500,000
(or its Japanese Yen equivalent) annually or $1,000,000 (or its Japanese Yen equivalent) in the aggregate, (B) relating to any
partnership, joint venture or other similar arrangement, (C) relating to any Indebtedness, (D) limiting the freedom of any
such Person compete in any line of business or with any Person or in any area or granting “most favored nation” or
similar status, (E) with either Seller or any of such Seller’s Affiliates, (F) with Purchaser or any of its Affiliates, (G)
relating to the acquisition or disposition of any business or material portion thereof (whether by merger, sale of stock, sale
of assets or otherwise), (H) that was not entered into in the ordinary course of business of any such HoldCo and its Subsidiaries
or (I) the loss of which would result in a Material Adverse Effect, in each of clauses (A) through (H), other than any such Contract
that primarily relates to a Project Company that is not the subject of such Acquisition.

 

“Material Contract Change”
shall have the meaning set forth in Section ‎4.1(a).

 

“Material Leases”
means, with respect to an Acquisition, all Leases (i) the loss of which would result in a reduction in production of such Project
or in its ability to deliver energy to the point of interconnection or would otherwise result in a Material Adverse Effect, or
(ii) that are otherwise material to the operations of such Project, in each of clauses (i) and (ii), other than Leases that primarily
relate to a Project Company that is not the subject of such Acquisition.

 

“Ohorayama Project”
means the wind project located in the Kochi Prefecture of Japan, as more fully described on Part II of the Section B
of the Appendix applicable to such project.

 

“Order” means
any writ, judgment, injunction, ruling, decision, order or similar direction of any Governmental Authority, whether preliminary
or final.

 

“Organization Documents”
means, with respect to (a) any corporation, its articles or certificate of incorporation and by-laws, (b) any limited partnership,
its certificate or declaration of limited partnership and its partnership agreement, (c) any limited liability company, its articles
or

 

    EX A - 6

     

    

certificate of organization or formation
and its operating agreement, members agreement or limited liability company agreement, or (d) any other Person, documents of similar
substance.

 

“Outside Closing Date”
shall have the meaning set forth in Part III of Section A of the applicable Appendix.

 

“Permitted Lien”
means any of the following: (a) Liens for Taxes either not yet due and payable or being contested in good faith through appropriate
proceedings and for which adequate reserves have been established in the Project Company’s balance sheet in accordance with
GAAP; (b) inchoate mechanics’ and materialmen’s Liens for construction in progress and workmen’s, repairmen’s,
warehousemen’s and carrier’s Liens arising in the ordinary course of business either for amounts not yet due or which
have not been perfected, filed or registered in accordance with applicable Law against any applicable Project Company, any Project
or the Project Company Real Property; (c) as to any applicable Project Company Real Property, title defects, easements, rights
of first refusal, restrictions, irregularities, encumbrances (other than for borrowed money), encroachments, servitudes, rights
of way and statutory Liens that do not or would not reasonably be expected to materially impair the value or use by any applicable
Project Company of the Project Company Real Property; and (d) security given to a public utility or any Governmental Authority
when required by such utility or authority in connection with the operations of any applicable Project Company in the ordinary
course of business.

 

“Permit” means,
with respect to a Project, filings, registrations, licenses, permits, notices, technical assistance letters, decrees, certificates,
approvals, consents, waivers, Orders, authorizations, agreements, directions, instructions, grants, easements, exemptions, exceptions,
variances and authorizations to or from any Governmental Authority.

 

“Person” means
any individual, corporation, partnership, limited partnership, limited liability partnership, trust, business trust, estate, joint
venture, unincorporated association, limited liability company, cooperative, Governmental Authority or other entity.

 

“Personal Property”
means, with respect to an Acquisition, all office equipment, machinery, equipment, supplies, vehicles, tractors, trailers, tools,
spare parts, production supplies, furniture and fixtures and other items of tangible personal property owned by the Project Company
for such Project, or its Subsidiaries other than office equipment, machinery, equipment, supplies, vehicles, tractors, trailers,
tools, spare parts, production supplies, furniture and fixtures and other items of tangible personal property that primarily relate
to a Project Company that is not the subject of such Acquisition.

 

“Post-Closing Adjustment”
shall have the meaning set forth in Part I of Section A of the applicable Appendix.

 

“Post-Closing Period”
means the period commencing on the Closing Date.

 

“Post-Closing Tax Period”
means any Tax period beginning after the Closing Date; and, with respect to a Straddle Tax Period, the portion of such Tax period
beginning after the Closing Date.

 

“Pre-Closing Tax Period”
means any Tax period ending on or before the Closing Date; and, with respect to a Straddle Tax Period, the portion of such Tax
period ending on the Closing Date.

 

    EX A - 7

     

    

“Project Company”
means, with respect to the applicable Project, the entity set forth on Part I of Section B of the Appendix for such
Project.

 

“Project Company Real Property”
means, with respect to an Acquisition, all real property of any HoldCo relating to such Acquisition other than real property of
such HoldCo that primarily relates to a Project Company that is not the subject of such Acquisition, together with all buildings,
structures, improvements and fixtures thereon relating to such Acquisition, (i) held by such HoldCo pursuant to a Material Lease
other than a Material Lease that primarily relates to a Project Company that is not the subject of such Acquisition or (ii) required
to be set forth on Part II of Section B of the Appendix for such Project.

 

“Purchase Price”
shall have the meaning set forth in Section ‎1.1, and is more particularly described in Part I of Section
A of the applicable Appendix.

 

“Purchase Price Adjustment”
shall have the meaning set forth in Part I of Section A of the applicable Appendix.

 

“Purchase Rights Agreements”
means that certain Amended and Restated Purchase Rights Agreement dated as of June 16, 2017 by and among Seller, Pattern Energy
Group Inc. and, solely with respect to Article IV thereof, Pattern Energy Group Holdings LP and Pattern Energy GP LLC, as such
agreement is amended, modified or supplemented in accordance with its terms.

 

“Purchaser” shall
have the meaning set forth in the preamble to this Agreement.

 

“Purchaser Indemnified Party”
shall have the meaning set forth in Section ‎6.1(a).

 

“Purchaser’s Maximum
Liability” shall have the meaning set forth in Part VI of Section A of the applicable Appendix.

 

“Rules” shall
have the meaning set forth in Section ‎7.4(b).

 

“Securities Act”
shall have the meaning set forth in Section ‎2.10.

 

“Seller” shall
have the meaning set forth in the preamble to this Agreement.

 

“Seller Indemnified Party”
shall have the meaning set forth in Section ‎6.1(b).

 

“Seller’s Maximum Liability”
shall have the meaning set forth in Part VI of Section A of the applicable Appendix.

 

“Straddle Tax Period”
means, with respect to the applicable Closing Date, a Tax period that begins on or before the Closing Date and ends thereafter.

 

“Subsidiary”
means, with respect to any Person, any entity of which securities or other ownership interests having ordinary voting power to
elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly
owned by such Person.

 

    EX A - 8

     

    

“Subsidiary Transferor”
shall have the meaning set forth in Part I of Section B of the applicable Appendix.

 

“Survival Period”
shall have the meaning set forth in Part VI of Section A of the applicable Appendix.

 

“Tax” or “Taxes”
means, collectively all federal, state and local or foreign income, estimated, payroll, withholding, excise, sales, goods and services,
harmonized, value-added, use, real and personal property, corporation, use and occupancy, business and occupation, mercantile,
transfer, capital stock and franchise or other taxes, levies, duties, assessments, reassessments or other charges of any kind whatsoever
(including interest, additions and penalties thereon), whether disputed or not.

 

“Tax Return”
means any return, declaration, notice, form, report, claim for refund or information return or statement relating to the determination,
assessment, collection or payment of Taxes or to the administration, implementation or enforcement of or compliance with any legal
requirement pertaining to Taxes, including, for greater certainty, any schedule or attachment thereto.

 

“Third Party Claim”
shall have the meaning set forth in Section ‎6.4(a).

 

“Third Party Claim Notice”
shall have the meaning set forth in Section ‎6.4(a).

 

    EX A - 9

     

    

EXHIBIT B: RULES OF CONSTRUCTION

 

		1.	The singular includes the plural and the plural includes the singular.

 

		2.	The word “or” is not exclusive.

 

		3.	A reference to a Governmental Rule includes any amendment or modification to such Governmental
Rule, and all regulations, rulings and other Governmental Rules promulgated under such Governmental Rule.

 

		4.	A reference to a Person includes its successors and permitted assigns.

 

		5.	Accounting terms have the meanings assigned to them by GAAP, as applied by the accounting entity
to which they refer.

 

		6.	The words “include,” “includes” and “including” are not limiting
and shall be deemed to mean “include, without limitation”, “includes, without limitation” or “including,
without limitation”.

 

		7.	A reference to an Article, Section, Exhibit, Schedule or Appendix is to the Article, Section, Exhibit,
Schedule or Appendix of this Agreement unless otherwise indicated.

 

		8.	Any reference to “this Agreement”, “hereof,” “herein” and “hereunder”
and words of similar import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision
of this Agreement.

 

		9.	Any reference to another agreement or document shall be construed as a reference to that other
agreement or document as the same may have been, or may from time to time be, varied, amended, supplemented, substituted, novated,
assigned or otherwise transferred.

 

		10.	References to “days” shall mean calendar days, unless the term “Business Days”
shall be used. References to a time of day shall mean such time in New York, New York, unless otherwise specified.

 

		11.	This Agreement is the result of negotiations among, and has been reviewed by, Seller, Purchaser,
and their respective counsel. Accordingly, this Agreement shall be deemed to be the product of the parties thereto, and no ambiguity
shall be construed in favor of or against either Seller or Purchaser.

 

		12.	The words “will” and “shall” shall be construed to have the same meaning
and effect.

 

    EX B - 1

     

    

appendix
a

 

Section
a: Transaction Terms and Conditions

 

	Kanagi Transaction – LP1

	
        I.  Purchase
        Price

        

	“Purchase Price”:	
        As set forth on Schedule 1.01

        

	Currency:	
        US Dollars, or where otherwise provided, Japanese
        Yen.

        

	
        “Purchase Price Adjustment”:

         
	
        The Purchase Price Adjustment at Closing
        shall be calculated to maintain the after tax IRR (which shall be denominated in Japanese Yen) in the Financial Model (assuming
        internal use of any tax benefits) of the Purchaser based on the updated Financial Model delivered pursuant to Section 1.5(a)(iii),
        which has been updated solely to reflect the following:

         

        (i)  change
        in the timing of Closing and the amount and date of the initial distribution to the Purchaser (considering any distributions received
        by the Seller prior to Closing and with the Seller leaving a reasonable amount of working capital in the project to fund near-term
        payables);

         

        (ii)  changes
        to reflect amendments to or new Material Contracts that have an economic impact on the Project (including the terms of any project
        debt and tax equity financing and changes to the length of the term of any power purchase agreement);

         

        (iii)  changes
        in the amounts and timing of material acquired assets and liabilities not associated with operating the business in the ordinary
        course, including post-construction refunds, reserve amounts, outstanding debt balances, capital expenditures, etc.; and

         

        (iv)  manifest
        errors.

        

	
        Post-Closing Adjustment:

        
	None
	Deferred Purchase Price:	None
	
        Payment Mechanics and Payee Information:

         
	
        Seller

         

        Bank: 

        

        ABA: 

        Account #: 

        

        Account Name: 

        SWIFT: 

        

     1

     

    

	
        II.  Signing
        Date Deliverables

        

	
        Seller’s Signing Date Deliverables:

         
	
        Duly executed copies of:

         

        ·     Purchase
        and Sale Agreement by and between Purchaser and Seller related to Purchaser’s acquisition of the membership interest of Green
        Power Tsugaru GK (the “Tsugaru LP1 PSA”); and

        

        ·     the
        Deferred Payment Agreement by and between Purchaser and Seller (the “Deferred Payment Agreement”).

        

	Purchaser’s Signing Date Deliverables:	
        Duly executed copies of:

         

        ·     Tsugaru
        LP1 PSA;

        

        ·     Purchase
and Sale Agreement by and between Purchaser and Green Power Investment Corporation (“GPI”) related to Purchaser’s
acquisition of the membership interest of Green Power Tsugaru GK (the “Tsugaru GPI PSA”); 

        ·     Purchase
        and Sale Agreement by and between Purchaser and GPI related to Purchaser’s acquisition of membership interest of GK Green
        Power Kanagi, GK Green Power Otsuki and Otsuki Wind Power Corporation (the “GPI PSA”); and

        

        ·     the
        Deferred Payment Agreement.

        

	
        III.  Closing 

	
        Closing Location:

         
	
        At the offices of Purchaser:

        

        Pier 1, Bay 3 

        San Francisco, CA 94111

        

	Expected Closing Date:	March 5, 2018
	
        Outside Closing Date:

        
	June 30, 2018 

	
        IV.  Closing
        Deliverables & Conditions Precedent to Closing

        

	Additional Closing Deliverables of Seller: 	
        In addition to the closing deliverables
        set forth in Section 1.5(a) of the Agreement, Seller shall deliver, or cause to be delivered, to Purchaser the additional
        closing deliverables set forth in Exhibit A-1.

        

	Additional Closing Deliverables of Purchaser: 	
        In addition to the closing deliverables
set forth in Section 1.5(b) of the Agreement, Purchaser shall deliver, or cause to be delivered, to Seller the additional
closing deliverables set forth in Exhibit A-2. 

	Additional Conditions Precedent to Each Party’s Obligations to Close:	
        In addition to the conditions precedent
        set forth in Section 5.1 of the Agreement, the obligation of Purchaser and Seller to Close is subject to the additional
        conditions precedent set forth in Exhibit A-3.

        

	Additional Conditions Precedent to Purchaser’s Obligations to Close:	
        In addition to the conditions
precedent set forth in Section 5.2 of the Agreement, the obligation of Purchaser to Close is subject to the additional
conditions precedent set forth in Exhibit A-4. 

	Additional Conditions Precedent to Seller’s Obligations to Close:	
        In addition to the conditions precedent
        set forth in Section 5.3 of the Agreement, the obligation of Seller to Close is subject to the additional conditions precedent
        set forth in Exhibit A-5.

        

     2

     

    

	
        V.  Additional
        Termination Rights

        

	
        By Either Purchaser or Seller:

         
	
        None

         

	
        By Purchaser:

         
	
        Purchaser shall have the right to terminate
        this Agreement with respect to all of the Acquisitions without any liability or payment, at any time prior to the occurrence of
        the Closing hereunder, if

         

        ·     any
        of the GPI PSA, Tsugaru LP1 PSA, or Tsugaru GPI PSA is terminated for any reason prior to the closing of the Acquisitions (as defined
        therein) contemplated thereby.

        

	
        By Seller:

         
	
        None

         

	
        VI.  Indemnification
        Provisions

        

	
        Additional Seller Indemnity Obligations:

         
	None
	
        Additional Purchaser Indemnity Obligations:

         
	
        None

         

	
        Survival Period:

         
	
        Until the date that is 12 months after
        the Closing, except for (i) the representations and warranties in Sections 2.1, 2.2, 2.3(a), 2.6 and
        2.11 and any claim for any breach of any representation or warranty involving actual fraud or willful misrepresentation,
        which shall survive until the expiration of the relevant statute of limitations, and (ii) the representations and warranties in
        Section 2.9, which shall survive until the date that is 60 days after the expiration of the period, if any, during which
        an assessment, reassessment or other form of recognized written demand assessing liability for Tax, interest or penalties under
        applicable Law in respect of any taxation year to which such representations and warranties relate could be initiated (the “Survival
        Period”).

        

	Allocation of Indemnification Payments:	
        With respect to any indemnification payments
        to be made by the Seller under this Agreement with respect to (i) any Kanagi Representations and/or (ii) any covenants contained
        in Article 4 of this Agreement to the extent relating to the Kanagi Project Company and its Subsidiaries or the Kanagi Project
        (“Project Level Indemnity Obligations”), the following shall apply: (x) the amount of any Losses shall be determined
        as if the Seller had indirectly owned and sold to Purchaser both (i) the Acquired Interests under this Agreement relating to the
        Kanagi Acquisition and (ii) the Acquired Interests (as defined in the GPI PSA) relating to the Kanagi Acquisition and (y) the aggregate
        amount of such indemnification payments shall be made severally and not jointly by GPI and Seller in the following proportions:
        7.66% by GPI and 92.34% by Seller; provided, further that the foregoing allocation shall not apply to any actual
        fraud or willful misrepresentation by either GPI or Seller, and each of GPI and Seller shall remain fully liable for its own actual
        fraud or willful misrepresentation as and to the extent provided for in this Agreement (in the case of Seller) and the GPI PSA
        (in the case of GPI).

         

        “Kanagi Representations”
        means the representations and warranties with respect to the Kanagi Project and the Kanagi Project Company and its Subsidiaries
        in this Agreement.

        

     3

     

    

	Limitation on Liability:	
        “Basket Amount”:

         
	
        With respect to the Kanagi Acquisition,
        1.00% of the Aggregate Kanagi Purchase Price; provided that any amounts paid by GPI with respect to Project Level Indemnity
        Obligations relating to breaches of Kanagi Representations shall be deemed to have been paid by Seller for purposes of applying
        the Basket Amount.

         

        “Aggregate Kanagi Purchase Price”
        means the sum of (i) the Purchase Price under this Agreement with respect to the Kanagi Acquisition plus (ii) the purchase price
        set forth in the GPI PSA with respect to the Kanagi Acquisition; provided that with respect to any matters that are not
        Project Level Indemnity Obligations, the Basket Amount and Seller’s Maximum Liability with respect to the Kanagi Acquisition
        shall be determined with reference to the amount in clause (i) above only without including the amount in clause (ii).

        

	 	“Seller’s Maximum Liability”:	
        With respect to the Kanagi Acquisition,
        11.00% of the Purchase Price under this Agreement with respect to the Kanagi Acquisition; provided that, with respect to
        the Project Level Indemnity Obligations, the maximum liability under this Agreement with respect to the Kanagi Acquisition shall
        be 11.00% of the Aggregate Kanagi Purchase Price, taking into account any proportionate payments made by GPI hereunder with respect
        to the Kanagi Acquisition.

        

	 	
        “Purchaser’s Maximum Liability”:

         
	With respect to the Kanagi Acquisition, 11.00% of the Purchase Price with respect to the Kanagi Acquisition.

	
        Additional Refund or Reimbursement Obligations:

         
	
        By Purchaser or Purchaser Indemnified Party:
        None

         

        By either Seller or any Seller Indemnified
        Party: None

        

	
        VII.  Additional
        Transaction Terms

        

	Required Governmental Approvals:	Pattern US Finance Company LLC to submit to Bank of Japan a prior notification of inward direct investment (tainai chokusetsu toshi) in regard to the investment in Green Power Generation GK pursuant to the Foreign Exchange and Foreign Trade Act of Japan.

     4

     

    

	Persons with Knowledge:	
        Purchaser’s Persons with Knowledge:
        Esben Pedersen, Mike Lyon and Dyann Blaine

         

        Seller’s Persons with Knowledge:
        Mark Anderson, Christopher McCune, Masaki Hori, Frank Davis, Kevin Deters and Daniel Runyan

        

	
        Additional Assignment Rights:

         
	
        Assignment Rights of Seller: None

         

        Assignment Rights of Purchaser:
        None

        

	Governing Law:	
        New York

        

	Notice Information:	
        To Purchaser:

         
	
        Pier 1, Bay 3

        

        San Francisco, CA 94111 

        Attention: General Counsel

        

        Phone: 415-283-4000 

        Fax: 415-362-7900

        

	 	
        To Seller:

         
	
        Pier 1, Bay 3 

        San Francisco, CA 94111

        

        Attention: General Counsel 

        Phone: 415-283-4000

        

        Fax: 415-362-7900 

     5

     

    

EXHIBIT
A-1:

 

ADDITIONAL
CLOSING DELIVERABLES OF Seller

 

		1.	A properly executed Assignment and Assumption Agreement between Subsidiary Transferor and Subsidiary
Purchaser transferring 100% of the membership interests of Kanagi Holdings LLC and Pattern Development Japan LLC.

 

     6

     

    

EXHIBIT
A-2:

 

Additional
Closing Deliverables of purchaser

 

Copies or originals of the following documents,
each dated as of or prior to the Closing Date:

 

		1.	A properly executed Assignment and Assumption Agreement between Subsidiary Transferor and Subsidiary
Purchaser transferring 100% of the membership interests of Kanagi Holdings LLC and Pattern Development Japan LLC.

 

     7

     

    

EXHIBIT
A-3:

 

Additional
Conditions Precedent to 

 

Each
Party’s Obligations to Close

 

		1.	Receipt of the required Governmental Approvals (excluding the post-closing items) identified in Part VII of Section
A.

 

		2.	No circumstances, developments, changes or events has occurred since the date hereof that, individually or in the aggregate,
could reasonably be expected to result in the failure of a condition to closing set forth in Article 5 of the Tsugaru LP1 PSA.

 

     8

     

    

EXHIBIT
A-4:

 

ADDITIONAL CONDITIONS PRECEDENT TO

PURCHASER’S OBLIGATIONS TO CLOSE

 

None.

 

     9

     

    

EXHIBIT
A-5:

 

Additional
Conditions Precedent to

SELLER’S
Obligations to Close

 

None.

 

     10

     

    

Section
B: Acquired Interests; Ownership Structure;

 

and
Solar Project Information

 

	KANAGI TRANSACTION – LP1

	I.Acquired Interests & Ownership Structure

	Project Company:	Green Power Kanagi GK, a Japanese godo kaisha
	Holding Company (“HoldCo”):	Kanagi Holdings LLC and Pattern Development Japan LLC 
	Subsidiaries of HoldCo	Project Company
	Subsidiaries of Project Company	None
	Subsidiary Purchasers	Green Power Generation GK a Japanese godo kaisha
	Subsidiary Transferor	Pattern Development Japan Holdings LLC, a Delaware limited liability company
	Percentage of Project Company Acquired by Purchaser:	92.34%
	Percentage Retained by Seller:	
        7.66%

         

        Seller owns 100% of Pattern Development Japan Holdings
        LLC, a Delaware limited liability company, which owns 100% of Pattern Development Japan Power Holdings LLC, a Delaware limited
        liability company, which owns 91.69% of GPI as of the date hereof and will own 93.42% of GPI as of the Closing Date. GPI owns 7.66%
        of the Project Company. Purchase will indirectly acquire the remaining 7.66% of the Project Company that is held by GPI pursuant
        to the GPI PSA.

        

	Acquired Interests:	Purchaser will acquire 100% of the membership interests of Kanagi Holdings LLC from Pattern Development Japan Holdings LLC and 100% of the membership interests of Pattern Development Japan LLC from Pattern Development Japan Holdings LLC (collectively, the “Acquired Interests”).

     11

     

    

	Direct or Indirect Co-Owners of Project Company:	
        Structure Immediately Prior to the Closing

        

         

        

         

     12

     

    

	Direct or Indirect Co-Owners of Project Company (cont.):	
        Structure Immediately Following
        the Closing

         

         

     13

     

    

	II.Solar Project Information

	Solar Project:	
        Nameplate capacity: 9.8 MW

         

        Location: Shimane Prefecture, Japan

         

        Solar panel manufacturer: Kyocera Corporation
        solar panels.

        

	Commercial Operation Date of Solar Project:	February, 2016
	Permits & Governmental Approvals:	See attached Exhibit B-1.
	Legal description of Solar Project site (i.e., real property description):	See attached Exhibit B-2.

     14

     

    

EXHIBIT B-1: PERMITS & GOVERNMENTAL
APPROVALS

 

COMPLETED PERMITS

 

	 	Document
	1.	FIT
                                         Law: 

                                                                                 

                                                                                (a) METI Approval 

                                                                                 

                                                                                (b) FIT Business Plan Approval (jigyou keikaku nintei)

	2.	Electricity
        Business Act:

         

        (a)
        Notice Regarding Construction Plan

         

        (b)
        Notice Regarding Safety Rule

         

        (c)
        Filing of Chief Electricity Engineer

        

	3.	Construction
        Recycling Law:

         

        Notice
        pursuant to the Construction Recycling Law

        

	4.	Soil
        Contamination Countermeasures Act:

         

        Notice
        Regarding the Change of Shape and Nature of a Land which is Larger than a Certain Area.

        

	5.	Shimane
        Prefecture Guideline Concerning Land Use:

         

        Notice
        Regarding Development Consultation

        

	6.	Fire
        Service Act and Hamada City Ordinance on Fire Prevention:

         

        Notice
        Regarding Installation of Transformers and Batteries

        

	7.	Road
        Act and municipality ordinances:

         

        Road
        Occupancy Permission

        

	8.	River
        Act:

         

        River
        Occupancy Permission

        

	9.	Forest
        Act:

         

        Notice
        Regarding Tree Trimming

        

	10.	Shimane
        Prefecture Landscape Ordinance:

         

        Notice
        Regarding Large Scale Development

        

	11.	Road
        Traffic Act:

         

        Permits
        to Restrict Traffic

        

	12.	Building
        Standards Act

         

        Building
        certification application for retaining wall of switching station at interconnection point

        

     15

     

    

EXHIBIT B-2: LEGAL DESCRIPTION OF PROJECT
SITE 

 

The real estate documents listed in Article
V (Real Estate Documents) of Section C (Documents & Key Counterparties) of this Appendix A are incorporated
herein by reference.

 

     16

     

    

section
C: Documents & Key Counterparties

 

	Kanagi  Transaction

	I.Material Project Agreements & Key Counterparties

	Engineering, Procurement and Construction Agreement	
        Date: March 6, 2015

        

        KYOCERA Communication Systems Co., Ltd. (“KCCS”) 

	Operation and Maintenance Agreement	
        Date: March 31, 2015

        

        KCCS 

	Insurance Policy (PD/BI)	
        Date: May 9, 2017

        

        Aioi Nissay Dowa Insurance Co., Ltd. 

	Insurance Policy (GL)	
        Date: May 9, 2017

        

        Aioi Nissay Dowa Insurance Co., Ltd. 

	Insurance Policy (D&O)	
        Date: June 27, 2017

        

        AIU Insurance Company, Ltd. 

	MOU	
        Regarding EPC Agreement

        

        Date: December 26, 2014 

        KCCS

        

	Power Purchase Agreement	
        Date: March 19, 2015 

        Chugoku Electric Power Company

        

	Contribution in Aid of Construction Costs Agreement	
        Date: December 26, 2014 

        Chugoku Electric Power Company

        

	MOU regarding Commissioning	
        Date: January 28, 2016 

        Chugoku Electric Power Company

        

	Asset Management Agreement	
        Date: June 26, 2015

        

        Green Power Investment Corporation
(“GPI”) 

	Electricity Supply Agreement	
        Date: December 15, 2015

        

        Chugoku Electric Power
Company 

	II.Reports, Other Deliverables and Consultants

	Insurance Consultant	MST Risk Consulting Co., Ltd.
	Insurance Consultant’s Report	Insurance Consulting Report for Kanagi Solar Project dated March 24, 2015
	Independent Engineer	Mott MacDonald
	Independent Engineer’s Report	Kanagi PV Plant Energy Yield Assessment Report dated March 2015
	Environmental Consultant	ITOCHU Techno-Solutions Corporation
	Environmental Consultant’s Report	Green Power Kanagi Solar Power Plant Technical Verification Report (Environmental Verification) dated November 25, 2014

	III.Financing Arrangements & Key Counterparties

	Financing Agreement	None

	IV.Equity and Co-Ownership Arrangements & Key Counterparties

	Development Fee Agreement	
        Date: June 26, 2015

         

        GPI

        

	V.Real Estate Documents 

	Superficies Agreement	
        Date: June 2, 2014

        

        Kanagi Kaihatsu
KK 

        Imafuku 148-3, 1478-1,
        1478-3, 1479-4, 1480-2, 1480-3, 1480-4, 1480-5, 1481-2, 1482-1, 1482-3, 1482-4, 1482-5, 1482-6, 1482-7, 1482-8, 1482-10, 1482-11,
        1482-12, 1482-13, 1482-14, 1493-3, 1500-1, 1500-2, 1500-8, 1501-2, 1913, 1914, 1915-1, 1915-2, 1915-3, 1915-4, 1915-5, 1915-6,
        1917-1, 1917-2

        

     17

     

    

	Superficies Agreement	
        Date: August 26, 2014

        

        Mitsuaki Nishikawa 

        Kusa (ha) 355-1

        

	MOU regarding Superficies Agreement	
        Date: November
7, 2014 

        Kanagi Kaihatsu KK

        

	MOU regarding Tree Trimming	
        Date: November
7, 2014 

        Kanagi Kaihatsu KK

        

	MOU regarding Tree Trimming	
        Date: November
27, 2014 

        Agricultural Producers'
        Cooperative Corporation Kanagi Noen

        

	MOU regarding Tree Trimming	
        Date: November
7, 2014 

        Mitsuaki Nishikawa

        

	MOU regarding Tree Trimming	
        Date: October
30, 2014 (as amended as of March 30, 2015 ) 

        Tomiya Yokota

        

	MOU regarding Tree Trimming	
        Date: October
15, 2014 (as amended as of March 30, 2015 ) 

        Masahiro Iwado

        

	MOU regarding Tree Trimming	
        Date: October
20, 2014 (as amended as of March 30, 2015 ) 

        Atsuko Shikamori

        

     18

     

    

SECTION
D: AFFILIATE TRANSACTIONS

 

	1. Asset Management Agreement
	Execution Date	June 26, 2015
	Parties	Project Company and GPI
	Term	
        20 years from the COD

         

        The Project Company may request to extend
        the Term for 5 years or less

        

	Fee	2,300,000 JPY per month (after COD), plus Third Party Costs and AM Costs
	Payment Term	Monthly payment in arrears
	Termination	In addition to typical causes of termination, the Project Company may terminate the agreement after the end of five year after the COD without paying the termination fee.
	Services	Services related to operation, maintenance and other activities, exercise of rights and performance of obligations the Project Company

     19

     

    

appendix
b

 

Section
a: Transaction Terms and Conditions

 

	Ohorayama Transaction – LP1

	
        I.  Purchase
        Price

        

	“Purchase Price”:	
        As set forth on Schedule 1.01

         

	Currency:	
        US Dollars, or where otherwise provided, Japanese
        Yen.

        

	
        “Purchase Price Adjustment”:

         
	
        The Purchase Price Adjustment at Closing
        shall be calculated to maintain the after tax IRR (which shall be denominated in Japanese Yen) in the Financial Model (assuming
        internal use of any tax benefits) of the Purchaser based on the updated Financial Model delivered pursuant to Section 1.5(a)(iii),
        which has been updated solely to reflect the following:

         

        (i)  changes
        in the final financing terms for the Project (including the terms of any project debt financing);

         

        (ii)  changes
        to reflect amendments to or new Material Contracts that have an economic impact on the Project;

         

        (iii)  changes
        in the amounts and timing of material acquired assets and liabilities not associated with operating the business in the ordinary
        course, including consumption tax reimbursements, system upgrades and warranty claims;

         

        (iv)   changes
        to the completion date of the construction from the expected date of Final Completion (as defined in that certain Balance of Plant
        Contract by and between GPI (as defined below) and Shimizu Corporation dated December 8, 2016) as set forth in Section 3.25 hereof;

         

        (v)  change
        in the timing of Closing and the amount and date of the initial distribution to the Purchaser (considering any distributions received
        by the Seller prior to Closing and with the Seller leaving a reasonable amount of working capital in the project to fund near-term
        payables);

         

        (vi)  manifest
        errors; and

         

        (vii)   changes
        to the net capacity factor (NCF) directly attributable to any changes to as-built conditions.

        

	Post-Closing Adjustment:	
        If, after the Closing of the Acquisition
        of the Acquired Interests relating to the Ohorayama Project, Purchaser or its controlled Affiliates directly or indirectly receive
        one or more Term Conversion Date Distributions, Purchaser shall (or shall cause a controlled Affiliate to) promptly, and in any
        event within two (2) Business Days of its receipt thereof, pay Seller, as an adjustment to the Purchase Price, an amount equal
        to 47.50% of such Term Conversion Date Distribution.

         

        “Term Conversion Date Distribution”
        has the meaning assigned to such term in that certain Credit Agreement between GK Green Power Otsuki as borrower, the Bank of Tokyo-Mitsubishi
        UFJ, Ltd., as Administrative Agent and the other parties thereto, dated December 16, 2016, or as the same may from time to time
        be amended with the consent of the Purchaser and Seller.

        

     1

     

    

	Deferred Purchase Price:	None
	
        Payment Mechanics and Payee Information:

         
	
        Seller

         

        Bank: 

        

        ABA: 

        Account #: 

        

        Account Name: 

        SWIFT: 

        

	
        II.  Signing
        Date Deliverables

        

	
        Seller’s Signing Date Deliverables:

         
	
        Duly executed copies of:

         

        ·     Purchase
        and Sale Agreement by and between Purchaser and Seller related to Purchaser’s acquisition of the membership interest of Green
        Power Tsugaru GK (the “Tsugaru LP1 PSA”), as of the date hereof; and

        

        ·     the
        Deferred Payment Agreement by and between Purchaser and Seller (the “Deferred Payment Agreement”), as of the
        date hereof.

        

	Purchaser’s Signing Date Deliverables:	
        Duly executed copies of:

         

        ·     Tsugaru
        LP1 PSA;

        

        ·     Purchase
and Sale Agreement by and between Purchaser and Green Power Investment Corporation (“GPI”) related to Purchaser’s
acquisition of the membership interest of Green Power Tsugaru GK (the “Tsugaru GPI PSA”), as of the date hereof; 

        ·     Purchase
        and Sale Agreement by and between Purchaser and GPI related to Purchaser’s acquisition of membership interest of GK Green
        Power Kanagi, GK Green Power Otsuki and Otsuki Wind Power Corporation (the “GPI PSA”), as of the date hereof;
        and

        

        ·     the
Deferred Payment Agreement. 

	
        III.  Closing

        

	
        Closing Location:

         
	
        At the offices of Purchaser:

        

        Pier 1, Bay 3 

        San Francisco, CA 94111

        

	Expected Closing Date:	March 5, 2018
	
        Outside Closing Date:

        
	June 30, 2018

     2

     

    

	
        IV.  Closing
        Deliverables & Conditions Precedent to Closing

        

	Additional Closing Deliverables of Seller: 	
        In addition to the closing deliverables
        set forth in Section 1.5(a) of the Agreement, Seller shall deliver, or cause to be delivered, to Purchaser the additional
        closing deliverables set forth in Exhibit A-1.

        

	Additional Closing Deliverables of Purchaser: 	
        In addition to the closing deliverables
        set forth in Section 1.5(b) of the Agreement, Purchaser shall deliver, or cause to be delivered, to Seller the additional
        closing deliverables set forth in Exhibit A-2.

        

	Additional Conditions Precedent to Each Party’s Obligations to Close:	
        In addition to the conditions precedent
        set forth in Section 5.1 of the Agreement, the obligation of Purchaser and Seller to Close is subject to the additional
        conditions precedent set forth in Exhibit A-3.

        

	Additional Conditions Precedent to Purchaser’s Obligations to Close:	
        In addition to the conditions precedent
        set forth in Section 5.2 of the Agreement, the obligation of Purchaser to Close is subject to the additional conditions
        precedent set forth in Exhibit A-4.

        

	Additional Conditions Precedent to Seller’s Obligations to Close:	
        In addition to the conditions precedent
        set forth in Section 5.3 of the Agreement, the obligation of Seller to Close is subject to the additional conditions precedent
        set forth in Exhibit A-5.

        

	
        V.  Additional
        Termination Rights

        

	
        By Either Purchaser or Seller:

        
	
        None

        

	
        By Purchaser:

         
	
        Purchaser shall have the right to terminate
        this Agreement with respect to all of the Acquisitions without any liability or payment, at any time prior to the occurrence of
        the Closing hereunder, if:

         

        ·     GPI
        PSA, Tsugaru LP1 PSA or Tsugaru GPI PSA is terminated for any reason prior to the closing of the Acquisitions (as defined therein)
        contemplated thereby

        

	
        By Seller:

        
	
        None

        

	
        VI.  Indemnification
        Provisions

        

	
        Additional Seller Indemnity Obligations:

        
	
        None

        

	
        Additional Purchaser Indemnity Obligations:

        
	
        None

        

     3

     

    

	
        Survival Period:

         
	
        Until the date that is 12 months after
        the Closing, except for (i) the representations and warranties in Sections 2.1, 2.2, 2.3(a), 2.6 and 2.11 and any claim for any
        breach of any representation or warranty involving actual fraud or willful misrepresentation, which shall survive until the expiration
        of the relevant statute of limitations, (ii) the representation and warranty in Section 2.18 with respect to the Indebtedness of
        HoldCo and its Subsidiaries, which shall survive until the date that is the later of: (A) 6 months after the Closing; and (B) 3
        months following the completion of the Project Company's first annual audited financial statements for a fiscal year ending after
        the Closing, and (iii) the representations and warranties in Section 2.9, which shall survive until the date that is 60 days after
        the expiration of the period, if any, during which an assessment, reassessment or other form of recognized written demand assessing
        liability for Tax, interest or penalties under applicable Law in respect of any taxation year to which such representations and
        warranties relate could be issued to HoldCo or any of its Subsidiaries (the “Survival Period”).

        

	Allocation of Indemnification Payments:	
        With respect to any indemnification payments
        to be made by the Seller under this Agreement with respect to (i) any Ohorayama Representations and/or (ii) any covenants contained
        in Article 4 of this Agreement to the extent relating to the Ohorayama Project Company and its Subsidiaries or the Ohorayama Project
        (“Project Level Indemnity Obligations”), the following shall apply: (x) the amount of any Losses shall be determined
        as if the Seller had indirectly owned and sold to Purchaser both (i) the Acquired Interests under this Agreement related to the
        Ohorayama Acquisition and (ii) the Acquired Interests (as defined in the GPI PSA) relating to the Ohorayama Acquisition and (y)
        the aggregate amount of such indemnification payments shall be made severally and not jointly by GPI and Seller in the following
        proportions: 5.01% by GPI and 94.99% by Seller; provided, further that the foregoing allocation shall not apply to
        any actual fraud or willful misrepresentation by either GPI or Seller, and each of GPI and Seller shall remain fully liable for
        its own actual fraud or willful misrepresentation as and to the extent provided for in this Agreement (in the case of Seller) and
        the GPI PSA (in the case of GPI).

         

        “Ohorayama Representations”
        means the representations and warranties with respect to the Ohorayama Project and the Ohorayama Project Company and its Subsidiaries
        in this Agreement..

        

	Limitation on Liability:	
        “Basket Amount”:

         
	
        With respect to the Ohorayama Acquisition,
        1.00% of the Aggregate Ohorayama Purchase Price; provided that any amounts paid by GPI with respect to Project Level Indemnity
        Obligations relating to breaches of Ohorayama Representations shall be deemed to have been paid by Seller for purposes of applying
        the Basket Amount with respect to the Ohorayama Acquisition.

         

        “Aggregate Ohorayama Purchase
        Price” means the sum of (i) the Purchase Price under this Agreement for the Ohorayama Acquisition plus (ii) the purchase
        price set forth in the GPI PSA with respect to the Ohorayama Acquisition; provided that with respect to any matters that
        are not Project Level Indemnity Obligations, the Basket Amount and Seller’s Maximum Liability with respect to the Ohorayama
        Acquisition shall be determined with reference to the amount in clause (i) above only without including the amount in clause (ii).

        

     4

     

    

	 	“Seller’s Maximum Liability”:	
        With respect to the Ohorayama Acquisition,
        11.00% of the Aggregate Ohorayama Purchase Price; provided that any amounts paid by GPI with respect to Project Level Indemnity
        Obligations with respect to the Ohorayama Acquisition shall be deemed to have been paid by Seller for purposes of applying the
        Basket Amount under this Agreement with respect to the Ohorayama Acquisition.

        

	 	
        “Purchaser’s Maximum Liability”:

         
	With respect to the Ohorayama  Acquisition, 11.00% of the Purchase Price under this Agreement with respect to the Ohorayama Agreement.

	
        Additional Refund or Reimbursement Obligations:

         
	
        By Purchaser or Purchaser Indemnified Party:
        None

         

        By either Seller or any Seller Indemnified
        Party: None

        

	
        VII.  Additional
        Transaction Terms

        

	Required Governmental Approvals:	Pattern US Finance Company LLC to submit to Bank of Japan a prior notification of inward direct investment (tainai chokusetsu toshi) in regard to the investment in Green Power Generation GK pursuant to the Foreign Exchange and Foreign Trade Act of Japan.
	Persons with Knowledge:	
        Purchaser’s Persons with Knowledge:
        Esben Pedersen, Mike Lyon and Dyann Blaine

         

        Seller’s Persons with Knowledge:
        Shoichi Yoshizaki, Roland Thompson, Mark Anderson, Christopher McCune, Kazuaki Hosokawa, Liz Krall, Frank Davis, Kevin Deters,
        and Daniel Runyan

         

	
        Additional Assignment Rights:

         
	
        Assignment Rights of Seller: None

         

        Assignment Rights of Purchaser:
        None

        

	Governing Law:	
        New York

         

	Notice Information:	
        To Purchaser:

         
	
        Pier 1, Bay 3

        

        San Francisco, CA 94111 

        Attention: General Counsel

        

        Phone: 415-283-4000 

        Fax: 415-362-7900

        

	 	
        To Seller:

         
	
        Pier 1, Bay 3 

        San Francisco, CA 94111

        

        Attention: General Counsel 

        Phone: 415-283-4000

        

        Fax: 415-362-7900 

     5

     

    

EXHIBIT
A-1:

 

ADDITIONAL
CLOSING DELIVERABLES OF Seller

 

		1.	A properly executed Assignment and Assumption Agreement between Subsidiary Purchaser and Subsidiary
Transferor transferring 100% of the equity interests in HoldCo.

 

     6

     

    

EXHIBIT
A-2:

 

Additional
Closing Deliverables of purchaser

 

Copies or originals of the following documents,
each dated as of or prior to the Closing Date:

 

		1.	A properly executed Assignment and Assumption Agreement between Subsidiary Purchaser and Subsidiary
Transferor transferring 100% of the equity interests in HoldCo.

 

     7

     

    

EXHIBIT
A-3:

 

Additional
Conditions Precedent to

Each Party’s Obligations to Close

 

		1.	Receipt of the required Governmental Approvals (excluding the post-closing items) identified in Part VII of Section
A.

 

		2.	No circumstances, developments, changes or events has occurred since the date hereof that, individually or in the aggregate,
could reasonably be expected to result in the failure of a condition to closing set forth in Article 5 of the Tsugaru LP1 PSA.

 

     8

     

    

EXHIBIT
A-4:

 

ADDITIONAL
CONDITIONS PRECEDENT TO

PURCHASER’S
OBLIGATIONS TO CLOSE

 

None.

 

     9

     

    

EXHIBIT
A-5:

 

Additional
Conditions Precedent to 

SELLER’S
Obligations to Close

 

None.

 

     10

     

    

Section
B: Acquired Interests; Ownership Structure; 

 

and
wind Project Information

 

	OHORAYAMA  TRANSACTION – LP1

	I.Acquired Interests & Ownership Structure

	Project Company:	GK Green Power Otsuki, a Japanese godo kaisha
	Holding Company (“HoldCo”):	Ohorayama Wind LLC, a Delaware limited liability company 
	Subsidiaries of HoldCo	Project Company
	Subsidiaries of Project Company	None
	Subsidiary Purchaser:	Green Power Generation GK, a Japanese godo kaisha
	Subsidiary Transferor	
        Pattern Development
Japan Holdings LLC, a Delaware limited liability company

        

	Percentage of Project Company Acquired by Purchaser:	
        94.99%

         

	Percentage Retained by Seller:	
        5.01%

         

        Seller owns 100% of Pattern Development Japan Holdings
        LLC, a Delaware limited liability company, which owns 100% of Pattern Development Japan Power Holdings LLC, a Delaware limited
        liability company, which owns 91.69% of GPI as of the date hereof and will own 93.42% of GPI as of the Closing Date. GPI owns 5.01%
        of the Project Company. Purchaser will indirectly acquire such remaining 5.01% interests in the Project Company from GPI pursuant
        to the GPI PSA.

        

	Acquired Interests:	Purchaser will acquire 100% of the membership interests of HoldCo (the “Acquired Interests”).

     11

     

    

	Direct or Indirect Co-Owners of Project Company:	
        Structure Immediately Prior
        to the Closing

         

        

         

     12

     

    

	Direct or Indirect Co-Owners of Project Company (cont.):	
        Structure Immediately Following
        the Closing

         

        

         

	II.Wind Project Information
	Wind Project:	
        Nameplate capacity: 33 MW

        

        Location: Kochi Prefecture, Japan 

        Wind turbine manufacturer: GE 3.3W 101m rotor,
        85m hub height

        

	Commercial Operation Date of Wind Project:	March 1, 2018
	Permits & Governmental Approvals:	See attached Exhibit B-1.
	Legal description of Wind Project site (i.e., real property description):	See attached Exhibit B-2.

     13

     

    

EXHIBIT B-1: PERMITS & GOVERNMENTAL
APPROVALS

 

COMPLETED PERMITS

 

	 	Document
	1.	Environmental Impact Assessment Act:  

 

(a) Submission and public notice of environmental impact assessment methodology report (houhousho);  

 

(b) Submission and public notice of draft environmental impact assessment report (hyoukasho an); and  

 

(c) Submission and public notice of environmental impact assessment report (hyoukasho).

	2.	
        FIT Law:

         

        (a) Approval (setsubi nintei) by Minister of
        Economy, Trade and Industry of Japan and the approval on amendment (henkou nintei) and the notices concerning minor amendment
        (keibi henkou todokede) therefor.

         

        (b) FIT Business Plan Approval (jigyou keikaku
        nintei)

        

	3.	
        Kochi Prefecture Basic Regulations on Land:

         

        (a) Notification of development plan to the Governor
        of Kochi Prefecture.

         

        (b) Notification of informational plan to the Governor
        of Kochi Prefecture.

         

        (c) Submission of informational report to the Governor
        of Kochi Prefecture.

         

        (d) Notification of commencement of construction

        

	4.	
        Forest Act:

         

        (a) Forest land development permit by the Governor of Kochi
        Prefecture.

         

        (b) Notification of commencement of construction

         

        (c) Permit for activities in protecting forest by the Governor
        of Kochi Prefecture.

         

        (d) Notification of felling in protecting forest to the
        Governor of Kochi Prefecture.

        

	5.	
        Erosion Control Act / Kochi Prefecture Erosion
        Control Designated Management Ordinance:

         

        (a) Permit for activities in designated erosion
        control areas by the Governor of Kochi Prefecture.

         

        (b) Notification of activities in designated erosion
        control areas to the Governor of Kochi Prefecture.

        

	6.	
        Otsuki Non-Legal Public Property Management
        Regulations:

         

        (a) Permit for public works
        for laying of new roads (including culverts) by the mayor of Otsuki town.

         

        (b) Notification of commencement of construction

         

        (c) Permit for exclusive
        use for laying of new roads (including culverts) by the mayor of Otsuki town.

        

	7.	
        Soil Contamination Countermeasures Act:

         

        Notification of changes to land character has to
        the Governor of Kochi Prefecture.

        

	8.	
        Factory Location Act:

         

        (a) Notification related
        to new construction of designated factories to the Governor of Kochi Prefecture.

         

        (b) Application for shortening of the restricted
        period to the Governor of Kochi Prefecture.

        

     14

     

    

	9.	
        Construction Waste Recycling Act:

         

        Notification of demolition and new construction
        work of a certain scale to the Governor of Kochi Prefecture.

        

	10.	
        Agricultural Land Act:

         

        Permit for conversion of agricultural land and
        establishment and transfer of rights by the Governor of Kochi Prefecture.

        

	11.	
        Road Act:

         

        Permit for exclusive use for underground transmission
        line installation by the Mayor of Otsuki Town, Mayor of Sukumo City and manager of Kochi Prefecture Hata Civil Engineering Office.

        

	12.	
        Outline of Administrative Processes for Management
        and Disposal of Kochi Prefecture Land Improvement Assets:

         

        Permit for exclusive use land improvement assets
        by the Governor of Kochi Prefecture.

        

	13.	
        Sukumo Non-Legal Public Property Management
        Ordinance:

         

        Permit for exclusive use of non-legal public
        property by the Mayor of Sukumo City.

        

	14.	
        River Act:

         

        Permit for exclusive use of the river area and installation
        of facilities in the river area by the manager of Kochi Prefecture Hata Civil Engineering Office.

        

	15.	
        Electricity Business Act:

         

        (a)   Submission of Project
        Safety Conditions (hoan kitei) and its amendment to the manager of Chugoku Shikoku Industrial Safety and Inspection Department.

         

        (b)   Notification of construction
        plan (kouji keikaku no todokede) to the manager of Chugoku Shikoku Industrial Safety and Inspection Department.

         

        (c)   Notification of appointment
        of chief electrical engineer (denki shunin gijutsusha sen-nin no todokede) to the manager of Chugoku Shikoku Industrial
        Safety and Inspection Department.

         

        (d)   Power Producer (hatsuden
        jigyousha) Filing

        

	16.	
        Civil Aeronautics Act:

         

        (a)   Permit for aircraft
        obstacle light (kouku shougai tou) installation exemption by the director of West Japan Civil Aviation Bureau.

         

        (b)   Approval for daytime
        obstacle markings (hiruma shougai hyoushiki) installation exemption by the director of West Japan Civil Aviation Bureau.

        

	17.	
        Survey Act:

         

        Request for the transfer of surveying mark (triangulation
        point) to the director of Geographical Survey Institute.

        

	18.	
        Wire Telecommunications Act:

         

        Notification of installation of wire telecommunications
        equipment to the Minister of the Internal Affairs and Communications.

        

	19.	
        Otsuki Town Ordinance of the Procedure of Land
        Development Activities:

         

        Approval of the land development activities by the
        Mayor of Otsuki Town.

        

	20.	
        Electricity Business Act:

         

        (a) Self-inspection of the
        electric facilities prior to the commencement of operation (shiyou mae jishu kensa).

         

        (b) Examination of the system in respect of the
        self-inspection (shiyou mae anzen kanri shinsa) .

        

     15

     

    

	21.	
        Civil Aeronautics Act:

         

        Notification related to aircraft obstacle light
        installation and daytime obstacle markings installation.

        

	22.	
        Otsuki Town Ordinance of the Procedure of
        Land Development Activities:

         

        Notification of the completion of construction
        to the Mayor of Otsuki Town.

        

	23.	
        Road Act:

         

        Permit for passage of the limit excess vehicle.

        

	24.	
        Road Traffic Act:

         

        (a) Permit for loading outside the
        limit (seigen gai sekisasai kyoka).

         

        (b) Permit for towing outside the limit
        (seigen gai ken-in kyoka).

         

        (c) Permit for road use (douro shiyou
        kyoka).

        

	25.	
        Kochi Prefecture Port Facilities Management Ordinance:

         

        Permit for exclusive use of a port facility or use of a
        port facility.

        

	26.	
        Fire Service Act / Hata West Fire Association Fire Prevention
        Ordinance:

         

        Notification of installation of the transformer facility
        and the electric storage facility.

        

     16

     

    

EXHIBIT B-2: LEGAL DESCRIPTION OF PROJECT
SITE

 

The real estate documents
listed in Article V (Real Estate Documents) of Section C (Documents & Key Counterparties) of this Appendix B are incorporated
herein by reference.

 

     17

     

    

section
C: Documents & Key Counterparties

 

	Ohorayama Transaction – LP1

	I.Material Project Agreements & Key Counterparties

	Balance of Plant Contract	Date: December 8, 2016

Shimizu Corporation
	Contract for the Sale of Power Generation Equipment and Related Services	Date: December 8, 2016

General Electric International, Inc.
	General Electric Company Parent Guaranty Agreement - Turbine Supply Agreement	Date: December 8, 2016

General Electric Company
	Full Service Agreement	Date: December 8, 2016

GE International, Inc. (Tokyo Branch)
	General Electric Company Parent Guaranty Agreement - Full Service Agreement	Date: December 8, 2016

General Electric Company
	Insurance Policy (DSU)	Date: December 5, 2016

Swiss Re International Se, Japan Branch
	Insurance Policy (EAR)	Date: December 5, 2016

Swiss Re International Se, Japan Branch
	Insurance Policy (MARINE CARGO)	Date:  June 17th, 2017

Chubb Insurance Co. of Japan
	Power Purchase Agreement	Date: March 31, 2016

Shikoku Electric Power Company
	Contribution in Aid of Construction Costs Agreement	Date: March 31, 2016

Shikoku Electric Power Company
	Management, Operation, and Maintenance Services Agreement	Date: December 16, 2016

Green Power Operation GK
	Project Administration Agreement	Date: December 16, 2016

Green Power Operation GK
	Memorandum of Commissioning of Power Purchase Agreement (shiunten oboegaki)	Date: November 21, 2017

Shikoku Electric Power Company

	II.Reports, Other Deliverables and Consultants

	Independent Engineer:	Mott MacDonald Japan KK
	Independent Engineer’s Report:	Ohorayama Wind Farm Lenders’ Technical Advisor Final Report, dated December 9, 2016
	Insurance Consultant:	JLT Japan Limited
	Insurance Consultant’s Report:	Ohorayama Wind Farm Insurance Advisory Report, dated November 2016
	Independent Financial Model Advisor:	Tokyo Kyodo Accounting Office
	Independent Financial Model Advisor’s Report:	Report on the Results of the Agreed Procedure regarding Wind Power Project, dated December 6, 2016
	Independent Environmental Consultant:	Ramboll Environ US Corporation
	Independent Environmental Consultant’s Report:	Environmental Review Refresh, dated September 2016
	Wind Consultant:	DNV GL AS Japan Branch
	Wind Consultant’s Report:	Report Ref. 195032-JPYO-R-02-E, dated August 25, 2016

     18

     

    

	III.Financing Arrangements & Key Counterparties

	Credit Agreement for Construction Financing and Term Financing	Date: December 16, 2016

BTMU, SMBC and SMTB
	ISDA 2002 Master Agreements	Date: December 16, 2016

BTMU, SMBC and SMTB, respectively
	Schedule to ISDA 2002 Master Agreements	Date: December 16, 2016

BTMU, SMBC and SMTB, respectively
	Inter-secured Parties Agreement	Date: December 16, 2016

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”), Sumitomo Mitsui Banking Corporation (“SMBC”), Sumitomo Mitsui Trust Bank, Limited.(“SMTB”)
	Membership Interest Pledge Agreement	Date: December 16, 2016

BTMU, SMBC, SMTB, Green Power Investment Corporation (“GPI”), Ohorayama Wind LLC
	Material Project Document Pledge Agreement	Date: December 16, 2016

BTMU, SMBC and SMTB
	Agreement on Option to Assign Contractual Positions in the Material Project Documents	Date: December 16, 2016

BTMU, SMBC and SMTB
	Collateral Account Pledge Agreement	Date: December 16, 2016

BTMU, SMBC and SMTB
	JCT Refund Account Pledge Agreement	Date: December 16, 2016

BTMU, SMBC and SMTB
	Insurance Pledge Agreement	Date: December 16, 2016

BTMU, SMBC and SMTB
	Interest Rate Hedge Agreement Pledge Agreement	Date: December 16, 2016

BTMU, SMBC and SMTB
	Agreement on Option to Assign Contractual Positions in the Interest Rate Hedge Agreement	Date: December 16, 2016

BTMU, SMBC and SMTB
	Superficies Mortgage Agreement	Date: December 16, 2016

BTMU, SMBC and SMTB
	New York Security Agreement	Date: December 16, 2016

BTMU, SMBC and SMTB
	Agency Fee Letter	Date: December 16, 2016

BTMU
	Fee Letter	Date: December 16, 2016

BTMU, SMBC and SMTB, respectively

	IV.Equity and Co-Ownership Arrangements & Key Counterparties

	Contribution Agreement	Date: December 16, 2016

Ohorayama Wind LLC, GPI
	Amended and Restated Development Fee Agreement	Date: March 26, 2016

GPI

     19

     

    

	V.Real Estate Documents 

	Superficies Agreement	Date: September 3, 2013

Akira Nishimori

Kashiratsudoi 666, 675, 683-1
	Superficies Agreement	Date: September 13, 2013

Kazuo Nishimori

Kashiratsudoi 667, 673
	Superficies Agreement	Date: September 5, 2013

Noriyoshi Okada

Hokotsuchi 814-5
	Superficies Agreement	Date: January 10, 2014

Hiroshi Nishimori

Hokotsuchi 713
	Superficies Agreement	Date: December 5, 2013

Teruyoshi Machida

Hokotsuchi 712-1, 809-1
	Superficies Agreement	Date: November 5, 2014

Ippan Shadan Hojin Horayama wo Mamorukai

Hokotsuchi 672-1
	Superficies Agreement	Date: October 7, 2014

Otsuki Town

Hiromi 4312, 4350-3, Kashiratsudoi 626-113
	Superficies Agreement	Date: September 9, 2013

Toshio Seike

Hiromi 4311-8 
	Superficies Agreement	Date: April 14, 2016

Chiyo Ikuta

Sukumo-shi, Kaizuka 867-3 
	Superficies Agreement	Date: October 22, 2013

Mayuko Tokuhiro, Hitoshi Takaoka

Tachibanaura 634
	Superficies Agreement	Date: October 7, 2013

Hiroyoshi Oguro

Tachibanaura 627
	Superficies Agreement	Date: October 22, 2013

Isao Nakata, Mamiko Nakata

Tachibanaura 587, 607
	Superficies Agreement	Date: November 5, 2014

Tachibanaura Chikukai

Tachibanaura 482-41
	Superficies Agreement	Date: November 5, 2014

Ippan Shadan Hojin Tachibanaura no Sato wo Mamorukai

Tachibanaura 482-40
	Superficies Agreement	Date: December 11, 2013

Toshio Iyota

Tachibanaura 461
	Superficies Agreement	Date: September 3, 2013

Tokuo Nishimori

Kashiratsudoi 669, 671, 672
	Superficies Agreement	Date: September 3, 2013

Hiroshi Maeda

Kashiratsudoi 664

     20

     

    

	Superficies Agreement	Date: September 6, 2013

Junko Maeno

Kashiratsudoi 606-46
	Superficies Agreement	Date: October 22, 2013

Mamiko Nakata

Kashiratsudoi 606-33
	Superficies Agreement	Date: September 6, 2013

Mayuko Tokuhiro, Junko Maeno

Kashiratsudoi 606-32
	Superficies Agreement	Date: September 17, 2013

Yasushi Futakami

Kashiratsudoi 606-31
	Superficies Agreement	Date: September 5, 2013

Fumiko Ikeda

Kashiratsudoi 606-29
	Superficies Agreement	Date: October 9, 2013

Mayuko Tokuhiro

Kashiratsudoi 606-28
	Superficies Agreement	Date: April 24, 2015

Koji Matsumoto, Mayuko Tokuhiro

Kashiratsudoi 606-27
	Superficies Agreement	Date: December 5, 2013

Koichi Yamashita

Hokotsuchi 814-1
	Easement Agreement (tsukou chiekiken settei keiyaku)	Date: April 8, 2014

Yasutaka Tomita

Hokotsuchi 602-133
	Easement Agreement (tsukou chiekiken settei keiyaku)	Date: December 5, 2017

Chiyo Ikuta 

Kaizuka 867-6  

     21

     

    

SECTION
D: AFFILIATE TRANSACTIONS

 

	1. Management, Operation, and Maintenance Services Agreement
	Execution Date	December 16, 2016
	Parties	Project Company and Green Power Operation GK
	Term	
        Initial Term: 20 years from the date 6
        months prior to the Anticipated COD

        

        The Project Company may request to extend
        the Term for 5 years or less

        

	Fee	43,440,000 JPY as fixed annual fee, plus Reimbursable Expenses and Reimbursable Expenses Fee
	Payment Term	Monthly payment in arrears
	Termination	In addition to typical causes of termination, the Project Company may terminate the agreement for convenience at any time after the end of second year after the COD with 180 days prior written notice by paying the Termination Fee.
	Services	Operation, maintenance and management of the Wind Plant

	2. Project Administration Agreement
	Execution Date	December 16, 2016
	Parties	Project Company and Green Power Operation GK
	Term	
        Initial Term: 20 years from the execution
        date (December 16, 2016)

        

        The Project Company may request to extend
        the Term for 5 years or less

        

	Fee	33,720,000 JPY as fixed annual fee, plus Reimbursable Expenses and Reimbursable Expenses Fee
	Payment Term	Monthly payment in arrears
	Termination	In addition to typical causes of termination, the Project Company may terminate the agreement for convenience at any time after the end of second year after the COD with 180 days prior written notice by paying the Termination Fee.
	Services	Administrative services of the Project Company and Wind Plant
	 	 

		3.	Master Services Agreement between the Project Company and GPI, dated November 17, 2016.

 

		4.	Development Fee Agreement between the Project Company and GPI, dated March 26, 2015 (as amended on March 26, 2016).

 

     22

     

    

appendix
C

 

Section
a: Transaction Terms and Conditions

 

	Futtsu Transaction 

	
        I.  Purchase
        Price

        

	“Purchase Price”:	
        As set forth on Schedule 1.01, and as further
        described under “Structure of Acquisitions” in Part I of Section B

        

	Currency:	
        US Dollars, or where otherwise provided, Japanese
        Yen.

        

	
        “Purchase Price Adjustment”:

         
	
        The Purchase Price Adjustment at Closing
        shall be calculated to maintain the after tax IRR (which shall be denominated in Japanese Yen) in the Financial Model (assuming
        internal use of any tax benefits) of the Purchaser based on the updated Financial Model delivered pursuant to Section 1.5(a)(iii),
        which has been updated solely to reflect the following:

         

        (i)  change
        in the timing of Closing and the amount and date of the initial distribution to the Purchaser (considering any distributions received
        by the Seller prior to Closing and with the Seller leaving a reasonable amount of working capital in the project to fund near-term
        payables);

         

        (ii)  changes
        to reflect amendments to or new Material Contracts that have an economic impact on the Project (including the terms of any project
        debt and tax equity financing and changes to the length of the term of any power purchase agreement);

         

        (iii)  changes
        in the amounts and timing of material acquired assets and liabilities not associated with operating the business in the ordinary
        course, including post-construction refunds, reserve amounts, outstanding debt balances, capital expenditures, etc.; and

         

        (iv)  manifest
        errors.

        

	Post-Closing Adjustment:	None
	Deferred Purchase Price:	None
	
        Payment Mechanics and Payee Information:

         
	
        Seller

         

        Bank: 

        

        ABA: 

        Account #: 

        

        Account Name: 

        SWIFT: 

        

     1

     

    

	
        II.  Signing
        Date Deliverables

        

	
        Seller’s Signing Date Deliverables:

         
	
        Duly executed copies of:

        

        ·     Purchase
and Sale Agreement by and between Purchaser and Seller related to Purchaser’s acquisition of the membership interest of
Green Power Tsugaru GK (the “Tsugaru LP1 PSA”) as of the date hereof; 

        ·     the
        Deferred Payment Agreement by and between Purchaser and Seller (the “Deferred Payment Agreement”) as of the
        date hereof; and

        

        ·     Executed
        consent notice from Mitsubishi Materials and Toa Corporation authorizing the transfer of membership interests from EFS Japan B.V.
        to Seller.

        

	Purchaser’s Signing Date Deliverables:	
        Duly executed copies of:

        

        ·     Tsugaru
LP1 PSA; 

        ·     Purchase
        and Sale Agreement by and between Purchaser and Green Power Investment Corporation (“GPI”) related to Purchaser’s
        acquisition of the membership interest of Green Power Tsugaru GK (the “Tsugaru GPI PSA”), as of the date hereof;

        

        ·     Purchase
and Sale Agreement by and between Purchaser and GPI related to Purchaser’s acquisition of membership interest of GK Green
Power Kanagi, GK Green Power Otsuki and Otsuki Wind Power Corporation (the “GPI PSA”), as of the date hereof;
and 

        ·     the
        Deferred Payment Agreement.

        

	
        III.  Closing

        

	
        Closing Location:

         
	
        At the offices of Purchaser:

        

        Pier 1, Bay 3 

        San Francisco, CA 94111

        

	Expected Closing Date:	March 5, 2018
	
        Outside Closing Date:

        
	June 30, 2018

	
        IV.  Closing
        Deliverables & Conditions Precedent to Closing

        

	Additional Closing Deliverables of Seller: 	
        In addition to the closing deliverables
        set forth in Section 1.5(a) of the Agreement, Seller shall deliver, or cause to be delivered, to Purchaser the additional
        closing deliverables set forth in Exhibit A-1.

        

	Additional Closing Deliverables of Purchaser: 	
        In addition to the closing deliverables
        set forth in Section 1.5(b) of the Agreement, Purchaser shall deliver, or cause to be delivered, to Seller the additional
        closing deliverables set forth in Exhibit A-2.

        

	Additional Conditions Precedent to Each Party’s Obligations to Close:	
        In addition to the conditions precedent
        set forth in Section 5.1 of the Agreement, the obligation of Purchaser and Seller to Close is subject to the additional
        conditions precedent set forth in Exhibit A-3.

        

	Additional Conditions Precedent to Purchaser’s Obligations to Close:	
        In addition to the conditions precedent
        set forth in Section 5.2 of the Agreement, the obligation of Purchaser to Close is subject to the additional conditions
        precedent set forth in Exhibit A-4.

        

	Additional Conditions Precedent to Seller’s Obligations to Close:	
        In addition to the conditions precedent
        set forth in Section 5.3 of the Agreement, the obligation of Seller to Close is subject to the additional conditions precedent
        set forth in Exhibit A-5.

        

     2

     

    

	
        V.  Additional
        Termination Rights

        

	
        By Either Purchaser or Seller:

         
	None 
	
        By Purchaser:

         
	
        Purchaser shall have the right to terminate
        this Agreement with respect to all of the Acquisitions without any liability or payment, at any time prior to the occurrence of
        the Closing hereunder, if:

         

        ·     any
        of the GPI PSA, Tsugaru LP1 PSA, or Tsugaru GPI PSA is terminated for any reason prior to the closing of the Acquisitions (as defined
        therein) contemplated thereby.

         

	
        By Seller:

         
	None 

	
        VI.  Indemnification
        Provisions

        

	
        Additional Seller Indemnity Obligations:

        
	None
	
        Additional Purchaser Indemnity Obligations:

        
	None 
	
        Survival Period:

         
	
        Until the date that is 12 months after
        the Closing, except for (i) the representations and warranties in Sections 2.1, 2.2, 2.3(a), 2.6 and
        2.11 and any claim for any breach of any representation or warranty involving actual fraud or willful misrepresentation,
        which shall survive until the expiration of the relevant statute of limitations, and (ii) the representations and warranties in
        Section 2.9, which shall survive until the date that is 60 days after the expiration of the period, if any, during which
        an assessment, reassessment or other form of recognized written demand assessing liability for Tax, interest or penalties under
        applicable Law in respect of any taxation year to which such representations and warranties relate could be initiated (the “Survival
        Period”).

        

	Limitation on Liability:	
        “Basket Amount”:

        
	
        1.00% of the Purchase Price

        

	“Seller’s Maximum Liability”:	
        11.00% of the Purchase Price

        

	
        “Purchaser’s Maximum Liability”:

        
	11.00% of the Purchase Price

	 	
        With respect to any indemnification payments
        to be made by Seller under this Agreement with respect to any Futtsu Representations that relate to Losses at the Futtsu Project
        Company and its Subsidiaries, the amount of Losses for which Seller is responsible shall be limited to 75% of the actual Losses
        incurred by or at the Futtsu Project Company and its Subsidiaries; provided, further that the foregoing limitations
        shall not apply to any actual fraud or willful misrepresentation by the Seller.

         

        “Futtsu Representations”
        means the representations and warranties with respect to the Futtsu Project and the Futtsu Project Company and its Subsidiaries
        in this Agreement.

        

     3

     

    

	
        Additional Refund or Reimbursement Obligations:

         
	
        By Purchaser or Purchaser Indemnified Party:
        None

         

        By either Seller or any Seller Indemnified
        Party: None

        

	
        VII.  Additional
        Transaction Terms

        

	Required Governmental Approvals:	Pattern US Finance Company LLC to submit to Bank of Japan a prior notification of inward direct investment (tainai chokusetsu toshi) in regard to the investment in Green Power Generation GK pursuant to the Foreign Exchange and Foreign Trade Act of Japan.
	Persons with Knowledge:	
        Purchaser’s Persons with Knowledge:
        Esben Pedersen, Mike Lyon and Dyann Blaine

         

        Seller’s Persons with Knowledge:
        Shoichi Yoshizaki, Masaki Hori, Roland Thompson, Mark Anderson, Christopher McCune, Frank Davis, Liz Krall, Kevin Deters and Daniel
        Runyan

        

	
        Additional Assignment Rights:

         
	
        Assignment Rights of Seller:
        None

         

        Assignment Rights of Purchaser:
        None

        

	Governing Law:	
        New York

        

	Notice Information:	
        To Purchaser:

         
	
        Pier 1, Bay 3

        

        San Francisco, CA 94111 

        Attention: General Counsel

        

        Phone: 415-283-4000 

        Fax: 415-362-7900

        

	 	
        To Seller:

         
	
        Pier 1, Bay 3 

        San Francisco, CA 94111

        

        Attention: General Counsel 

        Phone: 415-283-4000

        

        Fax: 415-362-7900 

     4

     

    

EXHIBIT
A-1:

 

ADDITIONAL
CLOSING DELIVERABLES OF Seller

 

		1.	A properly executed Assignment and Assumption Agreement between Subsidiary Purchaser and Subsidiary
Transferor transferring 100% equity interest in the HoldCo.

 

     5

     

    

EXHIBIT
A-2:

 

Additional
Closing Deliverables of purchaser

 

Copies or originals of the following documents,
each dated as of or prior to the Closing Date:

 

		1.	A properly executed Assignment and Assumption Agreement between Subsidiary Purchaser and Subsidiary Transferor transferring
100% equity interest in the HoldCo.

 

		2.	Pursuant to Section 5.5 of the Futtsu MIPA, a written agreement executed by the Subsidiary Purchaser to be bound by the terms
thereof.

 

     6

     

    

EXHIBIT
A-3:

 

Additional
Conditions Precedent to 

Each
Party’s Obligations to Close

 

		1.	Receipt of the required Governmental Approvals (excluding the post-closing items) identified in

 

Part VII of Section
A.

 

		2.	Amendment of the Members Agreement, GK Green Power Futtsu, dated October 6, 2015, by and among Green Power Investment Corporation,
EFS Japan B.V. and Futtsu Holdings LLC and appropriate amendments under the Second Amended and Restated Financing Agreement, dated
October 6, 2015, by and among the Project Company, The Bank of Tokyo-Mitsubishi UFJ, Ltd., The Chiba Bank, Ltd., Chugoku Bank Ltd.
And The Shizuoka Bank Ltd. (as amended) to reflect the new ownership structure.

 

		3.	No circumstances, developments, changes or events has occurred since the date hereof that, individually or in the aggregate,
could reasonably be expected to result in the failure of a condition to closing set forth in Article 5 of the Tsugaru LP1 PSA.

 

     7

     

    

EXHIBIT
A-4:

 

ADDITIONAL
CONDITIONS PRECEDENT TO

PURCHASER’S
OBLIGATIONS TO CLOSE

 

None.

 

     8

     

    

EXHIBIT
A-5:

 

Additional
Conditions Precedent to 

SELLER’S
Obligations to Close

 

None.

 

     9

     

    

Section
B: Acquired Interests; Ownership Structure; 

 

and
Project Information

 

	FUTTSU TRANSACTION
	I.Acquired Interests & Ownership Structure
	Project Company:	GK Green Power Futtsu, a Japanese godo kaisha
	Holding Company (“HoldCo”):	Futtsu Holdings LLC, a Delaware limited liability company
	Subsidiaries of HoldCo	Project Company
	Subsidiaries of Project Company	None
	Subsidiary Purchasers	Green Power Generation GK, a Japanese godo kaisha
	Subsidiary Transferor	Futtsu Holdings 2 LLC, a Delaware limited liability company
	Percentage of Project Company Acquired by Purchaser:	
        95.38%.

         

        See “Structure of Acquisitions” below.

        

	Percentage Retained by Seller:	
        4.62% (representing a 20% interest in distributions,
        which may be increased to 30% depending on Subsidiary Transferor’s actual IRR)

         

        Seller owns 100% of Pattern Development Japan Holdings
        LLC, a Delaware limited liability Company, which owns 100% of Pattern Development Japan Power Holdings LLC, a Delaware limited
        liability company, which owns 91.69% of GPI as of the date hereof and will own 93.42% of GPI as of the Closing Date. GPI owns 4.62%
        of the Project Company. Following consummation of the Futtsu Acquisition, GPI will continue to own 4.62% of the Project Company.

        

	Structure of Acquisitions:	
        Purchaser will indirectly acquire certain membership
        interests in the Project Company as follows:

         

        For the applicable Purchase Price set forth on
        Schedule 1.01 (subject to the Purchase Price Adjustment as provided in Part I of Section A), (1) Purchaser will acquire
        100% of the Acquired Interests from Seller and thereby indirectly acquire 47.69% of the membership interests of the Project Company
        and (2) Seller will assign all of its rights and obligations under the Futtsu MIPA (including but not limited to Seller’s
        right to purchase the Membership Interests (as defined in the Futtsu MIPA) from GE on the Equity Transfer Date). Upon the terms
        and subject to the conditions set forth in the Futtsu MIPA, the Purchaser will acquire the Membership Interests representing 47.69%
        of the Project Company from GE directly on the Equity Transfer Date.

         

        “Futtsu MIPA”
        means the Membership Interest Purchase Agreement by and between EFS Japan B.V. (“GE”) and Futtsu Holdings
        LLC, dated as of September 27, 2017.

        

     10

     

    

	Acquired Interests:	100% of membership interests in HoldCo (the “Acquired Interests”).
	Direct or Indirect Co-Owners of Project Company:	
        Structure Immediately Prior to the Closing

         

        

         

     11

     

    

	Direct or Indirect Co-Owners of Project Company (cont.):	
        Structure Immediately Following the Closing

         

         

        

         

     12

     

    

	Direct or Indirect Co-Owners of Project Company (cont.)	
        Structure Immediately Following the Equity
        Transfer Date

         

        

         

	II.Solar Project Information
	Solar Project:	
        Nameplate capacity: 30.6 MW

         

        Location: Chiba Prefecture, Japan

         

        Solar panel manufacturer: Kyocera Corporation

         

	Commercial Operation Date of Solar Project:	February 9, 2016
	Permits & Governmental Approvals:	See attached Exhibit B-1.
	Legal description of Solar Project site (i.e., real property description):	See attached Exhibit B-2.

     13

     

    

APPENDIX B-1: PERMITS & GOVERNMENTAL
APPROVALS

 

COMPLETED PERMITS

  

	 	Document
	1.	FIT
                                         Law: 

                                                                                 

                                                                                (a)
                                         METI Approval

                                                                                 

                                                                                (b)
                                         FIT Business Plan Approval (jigyou keikaku nintei)

	2.	Electricity
        Business Act:

         

        (a)
        Notice Regarding Construction Plan

         

        (b)
        Notice Regarding Safety Rule

         

        (c)
        Filing of Chief Electricity Engineer

         

        (d)
        Power Producer (hatsuden jigyousha) Filing

        

	3.	Construction
        Recycling Law:

         

        Notice
        pursuant to the Construction Recycling Law

        

	4.	Soil
        Contamination Countermeasures Act:

         

        Notice
        Regarding the Change of Shape and Nature of a Land which is Larger than a Certain Area.

        

	5.	Futtsu
        City Ordinance on Administration of Public Properties:

         

        (a)
        Application for the Use of, and Conducting Construction Work in, the Public Property

         

        (b)
        Application for the Use of, and Conducting Construction Work in, the Public Property

        

	6.	Ordinance
        on Industrial Safety and Hygiene:

         

        Report
        Regarding Commencement of Construction Work by Specified Prime Contractor

        

	7.	Ordinance
        for Enforcement of the Labor Standards Act:

         

        Business
        Report of the Specified Business

        

	8.	Futtsu
        City Ordinance on Administration of Public Properties:

         

        (a)
        Application for the Use of, and Conducting Construction Work in, the Public Property

         

        (b)
        Application for the Use of, and Conducting Construction Work in, the Public Property

        

	9.	Fire
        Defense Law:

         

        Notice
        Regarding Installation of Electric Power Substation

        

	10.	Industrial
        Safety and Health Act:

         

        Notice
        Regarding the Construction Plan

        

     14

     

    

EXHIBIT B-2: LEGAL DESCRIPTION OF PROJECT
SITE 

 

The real estate documents listed in Article
V (Real Estate Documents) of Section C (Documents & Key Counterparties) of this Appendix C are incorporated
herein by reference.

 

     15

     

    

section
C: Documents & Key Counterparties

 

	Futtsu Transaction

	I.Material Project Agreements & Key Counterparties

	Engineering, Procurement and Construction Agreement	Date: December 25, 2014

KYOCERA Communication Systems Co., Ltd. (“KCCS”)
	Operation and Maintenance Agreement	Date: December 25, 2014

KCCS
	Insurance Policy (PD/BI)1	Date: February 24, 2017

Aioi Nissay Dowa Insurance Co., Ltd.
	Insurance Policy (GL)	Date: February 24, 2017

Aioi Nissay Dowa Insurance Co., Ltd.
	Insurance Policy (D&O)	Date: April 7, 2017

AIU Insurance Company, Ltd.
	MOU	Regarding EPC Agreement

Date: January 11, 2016

KCCS
	Power Purchase Agreement	Date: December 26, 2014

Tokyo Electric Power Company
	Contribution in Aid of Construction Costs Agreement	Date: December 26, 2014

Tokyo Electric Power Company
	PPA regarding Commissioning	Date: December 26, 2014

Tokyo Electric Power Company
	Asset Management Agreement	Date: December 29, 2014 (as amended as of December 20, 2016)

GPI
	Electricity Supply Agreement	Date: October 14, 2015

Tokyo Electric Power Company
	Power Purchase Agreement	Date: March 30, 2016

Oji-Itochu Enex power retailing Co., Ltd. (“OJEX”)
	Power Purchase Agreement	Date: March 30, 2016

Itochu Enex Co., Ltd. (“ENEX”)
	Site Office Construction Agreement	Date: June 2, 2016

Kimitsu General Contractor Co., Ltd.
	EPC Agreement for Dual Connection	Date: June 9, 2016

Kandenko Co., Ltd.
	Contribution in Aid of Construction Costs Agreement

(for Dual Connection)	Date: December 28, 2017

TEPCO Energy Partner, Incorporated. (“TEPCO EP”) 
	Additional Electricity Supply and Demand Agreement	Date: December 28, 2017

TEPCO EP
	SCADA Retrofit Work Agreement for Dual Connection	Date: January 31, 2018

KCCS

	II.Reports, Other Deliverables and Consultants

	Insurance Consultant	MST Risk Consulting Co., Ltd.,
	Insurance Consultant’s Report	Date: March 15, 2016
	Independent Engineer	Itochu Techno-Solutions Corporation

     16

     

    

	Independent Engineer’s Report	(i) Green Power Futtsu Solar Power Plant Technical Verification Report on Cash Flow (gijutsu kensho report – cash flow kensho), (ii) Green Power Futtsu Solar Power Plant Technical Verification Report on Related Project Documents (gijutsu kensho report – kakushu project kanren keiyaku no kensho), (iii) Green Power Futtsu Solar Power Plant Technical Verification Report on Architectural Structure (gijutsu kensho report – kozo), (iv) Green Power Futtsu Solar Power Plant Technical Verification Report on Facility (gijutsu kensho report – setsubi kensho) and (v) Evaluation Report on the Solar Power Plant in Futtsu City, Chiba Prefecture (chibaken futtsu-shi ni okeru taiyoko hatsudensyo hyoka hokokusho), each dated December 24, 2014
	Independent Financial Model Advisor:	Tokyo Kyodo Accounting Office
	Independent Financial Model Advisor’s Report:	Report on the Results of the Agreed Procedure regarding Solar Power Project, dated December 25, 2014
	Environmental Consultant	ITOCHU Techno-Solutions Corporation
	Environmental Consultant’s Report	Green Power Futtsu Solar Power Plant Technical Verification Report on Environment (gijutsu kensho report - kankyo kensho) dated December 24, 2014

	III.Financing Arrangements & Key Counterparties

	Financing Agreement for Term Financing	Date: December 29, 2014

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”), The Chiba Bank, Ltd., Chugoku Bank Ltd. and The Shizuoka Bank, Ltd.
	Amended and Restated Financing Agreement	Date: March 30, 2015

BTMU
	Second Amended and Restated Financing Agreement	Date: October 6, 2015

BTMU
	Amendment No 2016-1 to Financing Agreement	Date: January 16, 2016

BTMU
	Amendment No 2016-2 to Financing Agreement	Date: March 30, 2016

BTMU
	ISDA 2002 Master Agreements	Date: December 21, 2015

BTMU
	Schedule to ISDA 2002 Master Agreements	Date: December 21, 2015

BTMU
	ISDA Cross-Border Swaps Representation Letter	Date: December 21, 2015
	Membership Interest Pledge Agreement	Date: April 24, 2015

BTMU, GPI and EFS
	Amendment to Membership Interest Pledge Agreement in favor of Lender	Date: October 6, 2015

BTMU, GPI, EFS Japan B.V. (“EFS”) and Futtsu Holdings LLC (“FHL)
	Material Project Document Pledge Agreement	Date: April 24, 2015

BTMU

     17

     

    

	Agreement on Option to Assign Contractual Positions in the Material Project Documents	Date: April 24, 2015

BTMU
	Collateral Account Pledge Agreement	Date: April 24, 2015

BTMU
	Insurance Pledge Agreement	Date: April 24, 2015

BTMU
	Interest Rate Hedge Agreement Pledge Agreement	Date: December 21, 2015

BTMU
	Agreement on Option to Assign Contractual Positions in the Interest Rate Hedge Agreement	Date: December 21, 2015

BTMU
	Superficies Mortgage Agreement	Date: April 24, 2015

BTMU
	Administrative Agent Fee Letter	Date: December 29, 2014

BTMU
	Sponsor Undertaking	Date: April 24, 2015

BTMU, GPI and EFS (as amended and acceded to by FHL on October 6, 2015)
	GECC Guaranty	Date: April 24, 2015

BTMU
	Pattern Guaranty	Date: October 6, 2015

BTMU
	Futtsu Mega Solar Project Factory Foundation Mortgage Agreement	Date: January 19, 2016

BTMU
	Futtsu Mega Solar Project Assignment for Security Purposes of Movables and Equipment	Date: January 19, 2016

BTMU
	IV.Equity and Co-Ownership Arrangements & Key Counterparties

	Development Fee Agreement	Date: December 29, 2014

GPI
	Amended and Restated Development Fee Agreement	Date: April 24, 2015

GPI

	V.Real Estate Documents 

	Superficies Agreement	Date: September 30, 2014

Mitsubishi Material Corporation (“MMC”) and Toa Corporation (“Toa”)

Sanuki 489-2, Yawata 450-7, 450-8, Tsuruoka 510-3, 482-13, 1380-1, 1380-4, 1384-5, 1384-6, 1379-92, 1379-95, 1392-7, 1392-23, 1392-26, 1392-28, 1392-30, 1392-31, 1395-9, 1389-7, 1389-8, 1386-1, 1397-50, 1397-51, 1397-52, 1398-67, 470-29, 1392-14, 1392-27, 1392-32
	MOU regarding Superficies Agreement	Date: December 18, 2014

MMC, and Toa
	Superficies Agreement	Date: August 6, 2014

Ryoichi Omori

Tsuruoka 481-1, 481-2, 505-1

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	MOU regarding Superficies Agreement	Date: November 28, 2014

Ryoichi Omori
	Superficies Agreement	Date: July 20, 2014

Hitoshi Hirano and Mineko Hirano

Tsuruoka 1397-43
	Superficies Agreement	Date: July 20, 2014

Hisashi Hirano

Tsuruoka 1397-38, 1397-41
	MOU regarding Superficies Agreement	Date: July 20, 2014

Hisashi Hirano, Hitoshi Hirano and Mineko Hirano
	Superficies Agreement	Date:  August 21, 2014

Isao Takanashi and Fusako Takanashi

Tsuruoka 509-1, 509-5, 509-6, 509-7, 509-8
	Superficies Agreement	Date:  August 28, 2014Yugen Kaisha Maruwa Kenzaisha

Tsuruoka 506-7

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SECTION
D: AFFILIATE TRANSACTIONS

 

	1. Asset Management Agreement
	Execution Date	December 29, 2014 (as amended as of December 20, 2016)
	Parties	Project Company and GPI
	Term	
        20 years from the COD

        

        The Project Company may request to extend the Term
for 5 years or less 

	Fee	The Management Fee JPY 3,700,000 per month (after COD), plus Third Party Costs and AM Costs
	Fee Amendment	The Management Fee JPY 4,200,000 per month (during the period from April 2016 to March 2021, in which OJEX PPA and ENEX PPA are in force and effect), plus Third Party Costs and AM Costs
	Payment Term	Monthly payment in arrears
	Termination	In addition to typical causes of termination, the Project Company may terminate the agreement after the end of five year after the COD without paying the termination fee.
	Services	Services related to operation, maintenance and other activities, exercise of rights and performance of obligations the Project Company

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