Document:

Exhibit
10.2

 

ENGAGEMENT
AGREEMENT

 

 

 

This
Engagement Agreement (“Agreement”) is made and effective this October 1, 2021,

 

	BETWEEN:	Demin
    (Fleming) Huang (the “Consultant”), an individual with his main address at:
	 	 
	 	226-165
    Cherokee Blvd, Toronto, Ontario, Canada, M2J 4T7
	 	 
	AND:	Harmony
    Energy Technologies Corporation (the “Harmony”), a corporation organized and existing under the laws of the Delaware
    of United States, with its registered address located at:
	 	 
	 	2711
    Centerville Road, Suite 400, Wilmington, Delaware, USA, 19808

 

RECITALS

 

	 	A.	Harmony
    is engaged in the business of energy business development.
	 	 	 
	 	B.	The
    Consultant has been engaged to provide corporate management services as Chief Financial Officer for the Company.
	 	 	 
	 	C.	The
    Consultant is willing to be retained by Harmony, and Harmony is willing to retain the Consultant.

 

In
consideration of the matters described above, and of the mutual benefits and obligations set forth in this Agreement, the parties agree
as follows:

 

 

	1.	CONSULTANT
                                            SERVICE

 

	 	A.	Harmony
    engages and retain the Consultant as the Chief Financial Officer of Harmony, and Consultant accepts and agrees to such engagement.
    Consultant is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out
    to the public to be a separate business entity.
	 	 	 
	 	B.	Consultant
    shall perform such other duties as are customarily performed by one holding such position in other, same, or similar businesses or
    enterprises as that engaged in by the Harmony and shall also additionally render such other and unrelated services and duties as
    may be assigned to him from time to time by Harmony.

 

	2.	BEST
                                            EFFORTS OF CONSULTANT

 

Consultant
agrees that he will at all times faithfully, industriously, and to the best of his ability, experience, and talents, perform all of the
duties that may be required of and from his pursuant to the express and implicit terms of this Agreement, to the reasonable satisfaction
of Harmony. Such duties shall be rendered in Canada, and at such other place or places as Harmony shall in good faith require or as the
interest, needs, business, or opportunity of Harmony shall require.

 

    	Harmony General Employment Agreement	Page 1 of 4

    	 

    

 

	3.	TERM
                                            OF EMPLOYMENT

 

The
term of this Agreement shall be a period of 1 year, commencing October 1, 2021. The agreement will be automatically renew at the same
term with the either party can terminate the agreement with 30 days written notice.

 

	4.	COMPENSATION
                                            OF CONSULTANT

 

The
Company will pay the consultant US$4,000 per month for the consulting service as Chief Financal Officer.

 

	5.	ASSURANCE
                                            OF SERVICES	 

 

Consultant
will not be required to follow or establish a regular or daily work schedule. Consultant shall devote all of his time, attention, knowledge,
and skills solely to the business and interest of Harmony, and Harmony shall be entitled to all of the benefits, profits, or other issues
arising from or incident to all work, services, and advice of Consultant, and Consultant shall not, during the term of this Agreement,
be interested directly or indirectly, in any manner, as partner, officer, director, shareholder, advisor, Consultant, or in any other
capacity in any other business similar to Harmony’s business or any allied trade; provided, however, that nothing contained in
this section shall be deemed to prevent or to limit the right of Consultant to invest any of his money in the capital stock or other
securities of any corporation whose stock or securities are publicly owned or are regularly traded on any public exchange.

 

	6.	TRADE
                                            SECRETS

 

Consultant
shall not at any time or in any manner, either directly or indirectly, divulge, disclose or communicate to any person, firm, corporation,
or other entity in any manner whatsoever any information concerning any matters affecting or relating to the business of Harmony, including
but not limited to any of its customers, the prices it obtains or has obtained from the sale of, or at which it sells or has sold, its
products, or any other information concerning the business of Harmony, its manner of operation, its plans, processes, or other data without
regard to whether all of the above-stated matters will be deemed confidential, material, or important, Harmony and Consultant specifically
and expressly stipulating that as between them, such matters are important, material, and confidential and gravely affect the effective
and successful conduct of the business of Harmony, and Harmony’s good will, and that any breach of the terms of this section shall
be a material breach of this Agreement.

 

	7.	TRADE
                                            SECRETS AFTER TERMINATION OF EMPLOYMENT

 

All
of the terms of Section Seven of this Agreement shall remain in full force and effect for the period of Three (3) years after the termination
of Consultant’s employment for any reason, and during such 3 years period, Consultant shall not make or permit the making of any
public announcement or statement of any kind trade secrets during he was formerly employed by or connected with Harmony.

 

	8.	REIMBURSEMENT
                                            OF EXPENSES

 

The
Consultant may incur reasonable expenses for furthering the Company’s business, including expenses for entertainment, travel, and similar
items. The Company shall reimburse Consultant for all business expenses after the Consultant presents an itemized account of expenditures,
pursuant to Company policy.

 

	9.	RECOMMENDATIONS
                                            FOR IMPROVING OPERATIONS

 

Consultant
shall make available to Harmony all information of which Consultant shall have any knowledge and shall make all suggestions and recommendations
that will be of mutual benefit to Harmony and Consultant.

 

    	Harmony General Employment Agreement	Page 2 of 4

    	 

    

 

	10.	AGREEMENTS
                                            OUTSIDE OF CONTRACT

 

This
Agreement contains the complete Agreement concerning the employment arrangement between the parties and shall, as of the effective date
of this Agreement, supersede all other Agreements between the parties. The parties stipulate that neither of them has made any representation
with respect to the subject matter of this Agreement or any representations including the execution and delivery of this Agreement except
such representations as are specifically set forth in this Agreement, and each of the parties acknowledges that he has relied on its
own judgment in entering into this Agreement.

 

	11.	MODIFICATION
                                            OF AGREEMENT

 

Any
modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only
if evidenced in writing signed by each party or an authorized representative of each party.

 

	12.	TERMINATION

 

	 	A.	This
    Agreement may be terminated by the Harmony on 30 days’ written notice to the Consultant. If Harmony shall so terminate this
    Agreement, there is no extra compensation or any severance payment to the Consultant.
	 	 	 
	 	B.	In
    the event of any violation by Consultant of any of the terms of this Agreement, Harmony may terminate employment without notice and
    with compensation to Consultant only to the date of such termination.
	 	 	 
	 	C.	It
    is further agreed that any breach or evasion of any of the terms of this Agreement by either party will result in immediate and irreparable
    injury to the other party and will authorize recourse to injunction and or specific performance as well as to all other legal or
    equitable remedies to which such injured party may be entitled under this Agreement.

 

	13.	EFFECT
                                            OF PARTIAL INVALIDITY

 

The
invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. In the event
that any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in
full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision.

 

	14.	CHOICE
                                            OF LAW

 

It
is the intention of the parties to this Agreement that this Agreement and the performance under this Agreement, and all suits and special
proceedings under this Agreement, be construed in accordance with and under and pursuant to the laws of State of Delaware and the United
States of America. and that, in any action, special proceeding or other proceeding that may be brought arising out of, in connection
with, or by reason of this Agreement, the laws of State of Delaware and the United States of America shall be applicable and shall govern
to the exclusion of the law of any other forum, without regard to the jurisdiction in which any action or special proceeding may be instituted.

 

	15.	NO
                                            WAIVER

 

The
failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the
waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as thereafter waiving any such terms
and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred.

 

    	Harmony General Employment Agreement	Page 3 of 4

    	 

    

 

	16.	ATTORNEY
                                            FEES

 

In
the event that any action is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party,
in addition to all the sums that either party may be called on to pay, a reasonable sum for the successful party’s attorney’s fees.

 

	17.	PARAGRAPH
                                            HEADINGS

 

The
titles to the paragraphs of this Agreement are solely for the convenience of the parties and shall not be used to explain, modify, simplify,
or aid in the interpretation of the provisions of this Agreement.

 

IN
WITNESS HEREOF, the parties have caused it to be executed on the date indicated above.

 

 

 

    	Harmony General Employment Agreement	Page 4 of 4Exhibit
10.3

 

ARRANGEMENT
AGREEMENT

 

THIS
ARRANGEMENT AGREEMENT is made as of October 15, 2018,

 

BETWEEN:

 

GOLDEN
SHARE RESOURCES CORPORATION, a corporation

existing
under the federal laws of Canada (“Golden Share”)

 

AND

 

HARMONY
ENERGY TECHNOLOGIES CORPORATION, a

corporation
existing under the laws of the State of Delaware (“Spinco”)

 

WHEREAS:

 

	A.	Golden
    Share intends to transfer the Spin-off Assets to Spinco by way of a plan of arrangement pursuant to the CBCA, as more particulary
    described herein and in the Plan of Arrangement.
	 	 
	B.	The
    Plan of Arrangement will constitute the basis for an exemption from the registration requirements of the Securities Act of 1933,
    as amended, of the United States of America, provided by section 3(a)(10) thereof, with respect to the distribution of Spinco Shares
    to current Golden Share Shareholders upon consummation of the Arrangement.
	 	 
	C.	The
    Parties have entered into this Agreement to provide for the matters referred to in the foregoing recitals and for other matters relating
    to the Arrangement.

 

NOW
THEREFORE, in consideration of the covenants and agreements herein contained and other good and valuable consideration (the receipt
and sufficiency of which are hereby acknowledged), the Parties hereto do hereby covenant and agree as follows:

 

ARTICLE
1 INTERPRETATION

 

	1.1	Definitions

 

In
this Agreement, including the recitals hereto, the following defined terms have the meanings hereinafter set forth:

 

“Agreement”,
“herein”, “hereof”, “hereto”, “hereunder” and similar expressions
mean and refer to this arrangement agreement (including the schedules hereto) as supplemented, modified or amended, and not to any particular
Article, Section, Schedule or other portion hereof;

 

“Applicable
Laws” (in the context that refers to one or more Persons) means any domestic or foreign, federal, state, provincial or local
law (statutory, common or otherwise, and including Applicable Securities Laws), constitution, treaty, convention, ordinance, code, rule,
regulation, order, injunction, judgment, decree, ruling or other similar requirement enacted, adopted, promulgated or applied by a Governmental
Entity, and any terms and conditions of any grant of approval, permission, authority or license of any Governmental Entity, that is binding
upon or applicable to such Person or Persons or its or their business, undertaking, property or securities and emanate from a Person
having jurisdiction over the Person or Persons or its or their business, undertaking, property or securities, as the same may be amended
from time to time prior to the Effective Date;

 

    	 

    	 

    

 

“Arrangement”
means the Arrangement under the provisions of the CBCA on the terms and conditions set forth herein and in the Plan of Arrangement, subject
to any amendments or variations thereto in accordance with Article 6 of the Plan of Arrangement;

 

“Arrangement
Resolution” means the special resolution to approve the Arrangement to be considered at the Meeting by the Golden Share Shareholders
substantially in the form attached as Schedule “A” hereto;

 

“Articles
of Arrangement” means the Articles of Arrangement in respect of the Arrangement required under the CBCA to be sent to the Director
for filing after the Final Order has been granted;

 

“Business
Day” means a day on which banks are generally open for the transaction of commercial business in Toronto, Ontario, but does
not, in any event, include a Saturday or Sunday or statutory holiday in Ontario;

 

“CBCA”
means the Canada Business Corporations Act, as now enacted and as amended, and the regulations thereto;

 

“Certificate
of Arrangement” means the proof of filing of the Director pursuant to the CBCA in respect of the Articles of Arrangement;

 

“Commercialization
Agreement” means agreement 70973 dated January 25, 2018 between Battelle Memorial Institute Pacific Northwest Division and
Golden Share;

 

“Contract”
means any contract, agreement, license, franchise, lease, arrangement, commitment, understanding or other right or obligation (written
or oral) to which a Party is a party or by which a Party is bound or affected or to which any of their respective assets are subject;

 

“Court”
means, the Ontario Superior Court of Justice;

 

“Director”
means the Director appointed under section 260 of the CBCA;

 

“Dissent
Rights” means the rights of dissent granted in favour of registered Golden Share Shareholders in respect of the Arrangement
as described in the Interim Order;

 

“Effective
Date” means the date the Arrangement becomes effective pursuant to the CBCA, being the date shown on the Certificate of Arrangement;

 

“Effective
Time” means the time at which the Arrangement becomes effective on the Effective Date pursuant to the CBCA;

 

“Energy
Storage Business” means Golden Share’s energy storage business that will be transferred to Spinco under the Arrangement,
consisting primarily of the Spin-off Assets.

 

“Financing”
means the offering by way of private placement of Spinco Shares at a price of US$1.00 each, for gross proceeds of not less than US$100,000
and up to US$1,000,000, of which the closing of a minimum of US$100,000 is a condition to the closing of the Arrangement and other transactions
contemplated by the Arrangement Agreement;

 

“Final
Order” means the final order of the Court approving the Arrangement pursuant to the CBCA, in a form acceptable to both Spinco
and Golden Share, each acting reasonably, as such order may be amended by the Court (with the consent of both Spinco and Golden Share,
each acting reasonably) at any time prior to the Effective Time or, if appealed, then, unless such appeal is withdrawn or denied, as
affirmed or as amended
(provided that any such amendment is acceptable to both Spinco and Golden Share, each acting reasonably) on appeal;

 

    	-2-

    	 

    

 

“Golden
Share” means Golden Share Resources Corporation, a corporation existing under the CBCA; “Golden Share Shares”
means the common shares in the capital of Golden Share;

 

“Golden
Share Shareholders” means the holders of Golden Share Shares;

 

“Golden
Share Shareholders Vote” has the meaning ascribed thereto in Subsection 2.3(a)(ii);

 

“Governmental
Entity” means any: (a) national, international, multinational, federal, provincial, state, regional, municipal, local or other
government or any governmental or public department, central bank, court, tribunal, arbitral body, commission, board, bureau ministry
or agency, domestic or foreign; (b) any subdivision, agent, commission, board or authority of any of the foregoing; (c) any quasi-governmental
or private body exercising any regulatory, expropriation or Taxing Authority under or for the account of any of the foregoing; and (d)
the TSXV;

 

“Information
Circular” means the notice of the Meetings and accompanying joint information circular of Spinco and Golden Share, together
with all appendices, schedules and exhibits thereto, to be sent by Spinco and Golden Share to the Spinco Shareholders and Golden Share
Shareholders in connection with the Meetings, as amended, supplemented or otherwise modified;

 

“Interim
Order” means an interim order of the Court concerning the Arrangement pursuant to the CBCA in a form acceptable to both Spinco
and Golden Share, each acting reasonably, containing declarations and directions with respect to the Arrangement and the holding of the
Meeting, as such order may be affirmed, amended or modified by the Court;

 

“Legal
Actions” means claims, actions, enquiries, applications, suits, demands, arbitrations, charges, indictments, hearings or other
civil, criminal, administrative or investigative proceedings, or other investigations or examinations;

 

“License
Agreement” means license agreement number 528131 effective October 6, 2016 between Batelle Memorial Institute and Golden Share,
as amended on May 26, 2017 and February 8, 2018;

 

“Material
Adverse Change” or “Material Adverse Effect” means any fact or state of facts, circumstance, change, effect,
occurrence or event that individually or in the aggregate is, or would reasonably be expected to be, material and adverse to the condition
(financial or otherwise), business, operations, affairs, assets, liabilities (contingent or otherwise), capitalization, operations, licenses,
prospects or cash flows of Spinco or Golden Share, as applicable, other than any fact or state of facts, circumstance, change, effect
or occurrence resulting from:

 

	 	(a)	conditions
    affecting the energy storage industry generally in jurisdictions in which Spinco or Golden Share, as applicable, carries on business,
    and not specifically relating to Spinco or Golden Share, as applicable, including changes in Applicable Laws or Taxes (other than
    any such change in Applicable Laws or Taxes that results in a material increase to the direct acquisition cost of Spinco to Golden
    Share, which changes may be taken into account in determining whether there has been a Material Adverse Change or Material Adverse
    Effect);

 

    	-3-

    	 

    

 

	 	(b)	general
    economic, financial, currency exchange, securities or commodity prices in Canada or elsewhere;
	 	 	 
	 	(c)	any
    action or inaction taken by Spinco or Golden Share that is consented to by the other Party or expressly contemplated in this Agreement
    or expressly in writing;
	 	 	 
	 	(d)	any
    generally applicable change in Applicable Laws; or
	 	 	 
	 	(e)	a
    change in the market trading price or trading volume of the Golden Share Shares (provided, however, that the causes underlying such
    changes may be considered to determine whether such causes constitute a Material Adverse Effect),

 

provided,
however, that: (i) the change or effect referred to in (a), (b) or (e) above does not primarily relate only to (or have the effect of
primarily relating only to) Spinco or Golden Share, as applicable, disproportionately or affects Spinco or Golden Share, as applicable,
compared to other entities of similar size and operating in the same industry, in which case, the relevant exclusion from this definition
of Material Adverse Change or Material Adverse Effect referred to in (a), (b) or (e) above will not be applicable; and (ii)references
in certain Sections of this Agreement to dollar amounts are not intended to be, and shall not be deemed to be, illustrative or interpretative
for purposes of determining whether a “Material Adverse Change” or a “Material Adverse Effect”
has occurred;

 

“Meeting”
means the annual and special meeting of the Golden Share Shareholders, including any adjournment or postponement thereof, to be called
and held in accordance with this Agreement and the Interim Order to consider the Arrangement;

 

“Outside
Date” means December 31, 2018 or such later date as may be agreed to in writing by Golden Share and Spinco;

 

“Parties”
means, collectively, the parties to this Agreement, and “Party” means any one of them;

 

“Person”
includes any individual, firm, partnership, joint venture, venture capital fund, association, trust, trustee, executor, administrator,
legal personal representative, estate group, body corporate, corporation, unincorporated association or organization, Governmental Entity,
syndicate or other entity, whether or not having legal status;

 

“Plan
of Arrangement” means plan of arrangement set forth in Schedule “D” to this Agreement, as such plan of arrangement
may be amended or supplemented from time to time in accordance with the terms thereof and hereof;

 

“Spinco”
means Harmony Energy Technologies Corporation; “Spinco Shares” means the common shares in the capital of Spinco;

 

“Spin-off
Assets” means the Commercialization Agreement, License Agreement and the pre-payment in the amount of US$100,000 made to PNNL
under the Commercialization Agreement;

 

    	-4-

    	 

    

 

“Tax”
or “Taxes” means any and all taxes, duties, fees, excises, premiums, assessments, imposts, levies and other charges
or assessments of any kind whatsoever however denominated, including any interest, penalties or other additions that may become payable
in respect thereof, imposed by any Taxing Authority, whether computed on a separate, consolidated, unitary, combined or other basis,
which taxes include all income or profits taxes (including federal income taxes and provincial income taxes), payroll and employee withholding
taxes, employment insurance premiums, unemployment insurance, social insurance taxes, Canada Pension Plan contributions, sales and use
taxes (including goods and services and provincial sales taxes) value added taxes, excise taxes, fuel taxes franchise taxes, gross receipts
taxes, carbon taxes, capital taxes, production taxes, recapture, withholding taxes, employee health taxes, surtaxes, customs, import
and export taxes, business license taxes, occupation taxes, real and personal property taxes, stamp taxes, environmental taxes, transfer
taxes, workers compensation and other governmental charges, and other obligations of the same or of a similar nature to any of the foregoing,
which Spinco or Golden Share, as applicable, is required to pay, withhold, remit or collect;

 

“Taxing
Authority” means any Governmental Entity responsible for the imposition of any Tax (domestic or foreign);

 

“TSXV”
means the TSX Venture Exchange;

 

“U.S.
Securities Act” means the United States Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder;

 

	1.2	Interpretation
    Not Affected by Headings, etc.

 

The
division of this Agreement into Articles, Sections, Subsections, paragraphs and other portions and the insertion of headings are for
convenience of reference only and will not affect the construction or interpretation hereof. Unless otherwise indicated, all references
to an “Article”, “Section”, “Subsection”, or “paragraph”
followed by a number and/or a letter refer to the specified Article, Section, Subsection or paragraph of this Agreement.

 

	1.3	Number
    and Gender; Derivatives

 

Unless
the context otherwise requires, in this Agreement, words importing the singular number include the plural and vice versa, and words importing
the use of any gender include all genders. If a word is defined in this Agreement a grammatical derivative of that word has a corresponding
meaning. The words “include”, “includes” and “including” shall be deemed to
be followed by the words “without limitation”.

 

	1.4	Currency

 

All
sums of money that are referred to in this Agreement are expressed in lawful money of Canada unless otherwise noted.

 

	1.5	Schedules

 

The
following schedules attached hereto are incorporated into and form an integral part of this Agreement:

 

Schedule
“A” – Arrangement Resolution

Schedule
“B” – Golden Share Plan of Arrangement

 

ARTICLE
2

THE
ARRANGEMENT

 

	2.1	Arrangement

 

The
Parties shall use their commercially reasonable efforts to cause the Effective Date to occur as soon as reasonably practicable and in
any event by the Outside Date.

 

    	-5-

    	 

    

 

	2.2	Effect
    of the Arrangement

 

Upon
the Effective Time, the Arrangement shall take effect, whereupon, as more particulary described in the Plan of Arrangement, Golden Share
shall acquire all of the Spinco Shares by way of the Plan of Arrangement. After completion of the Arrangement, Golden Share’s articles
shall be the Articles of Arrangement and Golden Share shall have the other attributes as set out in the Plan of Arrangement.

 

	2.3	Arrangement
    Process

 

	 	(a)	Golden
    Share agrees that as soon as reasonably practicable after the date hereof, it will, pursuant to the CBCA and prepare, file and diligently
    pursue an application for the Interim Order, which will provide, among other things:

 

	 	(i)	for
    the calling and holding of the Meeting, including confirming the record date for determining the classes of Persons to whom notice
    is to be provided in respect of the Arrangement and the Meeting and for the manner in which such notice is to be provided;
	 	 	 
	 	(ii)	that,
    subject to the approval of the Court, the requisite approval for the Arrangement Resolution by the Golden Share Shareholders will
    be at least 662/3% of the votes cast on the Arrangement Resolution by the Golden Share Shareholders present in person
    or represented by proxy at the Meeting (such that each Golden Share Shareholder is entitled to one vote for each Golden Share Share
    held) (the “Golden Share Shareholders Vote”);
	 	 	 
	 	(iii)	that,
    in all other respects, the terms, restrictions and conditions of Golden Share’s constating documents, by-laws, including quorum
    requirements and all other matters, will apply in respect of the Meeting, except as modified by the Interim Order;
	 	 	 
	 	(iv)	for
    the grant of the Dissent Rights in the manner contemplated in the Plan of Arrangement and the Interim Order;
	 	 	 
	 	(v)	for
    the notice requirements with respect to the presentation of the application to the Court for the Final Order; and
	 	 	 
	 	(vi)	that
    the Meeting may be adjourned or postponed from time to time by Golden Share without the need for further approval from the Court,
    and that the record date for Golden Share Shareholders entitled to notice of and vote at the Meeting will not change as a result
    of any such adjournment or postponement, unless required by Applicable Laws.

 

	 	(b)	The
    Arrangement shall be structured such that, assuming that the Arrangement Resolution is approved and the Final Order is obtained,
    the Spinco Shares issuable to the Spinco Shareholders will not require registration under the U.S. Securities Act in reliance on
    subsection 3(a)(10) thereof.
	 	 	 
	 	(c)	The
    Arrangement shall become effective at the Effective Time. Following issuance of the Final Order and subject to the satisfaction or
    waiver of the conditions precedent in Article 5, each of Golden Share and Spinco shall, as soon as practicable, execute and deliver
    such closing documents and instruments and Golden Share shall proceed to file the Articles of Arrangement, the Final Order and such
    other documents as may be required to give effect to the Arrangement with the Directors pursuant to the CBCA, whereupon the transactions
    comprising the Arrangement shall occur and shall be deemed to have occurred in the order set out therein without any further act
    or formality. The Certificate of Arrangement will be conclusive evidence that the Arrangement have become effective on, and be binding
    on and after, the Effective Time.

 

    	-6-

    	 

    

 

	2.4	Closing

 

The
closing of the Arrangement will take place on the Effective Date.

 

ARTICLE
3

COVENANTS

 

	3.1	Mutual
    Covenants

 

From
the date of this Agreement until the Effective Date or termination of this Agreement, subject to the other provisions of this Agreement,
each Party will:

 

	 	(a)	not
    take, or cause to be taken, any action or cause anything to be done that would cause its obligations hereunder not to be fulfilled
    in a timely manner; and not take any action, refrain from taking any commercially reasonable action, or permit any action to be taken
    or commercially reasonable action to not be taken, which is inconsistent with this Agreement or which would render or may reasonably
    be expected to render any representation or warranty made by it in this Agreement untrue in any material respect prior to the Effective
    Date or which would reasonably be expected to materially impede the consummation of the Arrangement or to prevent or delay the consummation
    of the transactions contemplated hereby, in each case, except as permitted by this Agreement; and
	 	 	 
	 	(b)	take,
    or cause to be taken, all other action and to do, or cause to be done, all other things necessary, proper or advisable under Applicable
    Laws to complete the Arrangement, including using reasonable commercial efforts to oppose, lift or rescind any injunction or restraining
    or other order seeking to stop, or otherwise adversely affecting its ability to consummate, the Arrangement and to defend, or cause
    to be defended, any proceedings to which it is a party or brought against it or its directors or officers challenging this Agreement
    or the consummation of the Arrangement.

 

Each
Party will use its reasonable commercial efforts to cooperate with the other in connection with the performance by the other of their
obligations under this Section 3.1 and this Agreement including continuing to provide reasonable access to information and to maintain
ongoing communications as between officers of each Party, subject in all cases to the Confidentiality Agreement.

 

	3.2	Covenants
    of Golden Share Regarding the Arrangement

 

Golden
Share covenants and agrees that, from the date of this Agreement until the Effective Date or termination of this Agreement, except as
otherwise expressly permitted or specifically contemplated by this Agreement (including the Plan of Arrangement) or required by Applicable
Laws, it will:

 

	 	(a)	ensure
    that all material filed with the Court in connection with the Arrangement is consistent in all material respects with the terms of
    this Agreement and the Plan of Arrangement;

 

    	-7-

    	 

    

 

	 	(b)	subject
    to the terms of this Agreement and in accordance and compliance with the Interim Order, as soon as practicable, convene and hold
    the Meeting in accordance with the Interim Order and Applicable Laws for the purpose of considering the Arrangement Resolution; and
	 	 	 
	 	(c)	as
    soon as practicable after the execution and delivery of this Agreement, prepare the Information Circular, together with any other
    documents required by Applicable Laws in connection with the Meeting required to be filed or prepared by Golden Share and, as soon
    as practicable after the execution and delivery of this Agreement, Golden Share shall cause the Information Circular and other documentation
    required in connection with the Meeting to be sent to the Golden Share Shareholders and be filed as required by the Interim Order
    and Applicable Laws.

 

	3.3	Covenants
                                            of Spinco Regarding the Arrangement

 

Spinco
covenants and agrees that, from the date of this Agreement until the Effective Date or termination of this Agreement, except as otherwise
expressly permitted or specifically contemplated by this Agreement (including the Plan of Arrangement) or required by Applicable Laws,
it will use its reasonable commercial efforts to complete the Financing.

 

ARTICLE
4

REPRESENTATIONS AND WARRANTIES

 

	4.1	Representations
    and Warranties of Golden Share

 

Golden
Share hereby represents and warrants to and in favour of Spinco as follows and acknowledges that Spinco is relying on these representations
and warranties in connection with the matters contemplated by this Agreement and the consummation of the Arrangement:

 

	 	(a)	Organization
    and Status. Golden Share is duly incorporated and organized, and is validly subsisting, under the federal laws of Canada and
    is up-to-date in the filing of all corporate and similar returns under the laws of that jurisdiction.
	 	 	 
	 	(b)	Authorization.
    Golden Share has all necessary corporate power and authority and has taken all necessary corporate action to authorize the execution
    and delivery of this Agreement and the Contracts, agreements and instruments required by this Agreement to be delivered by it and
    the performance of its obligations hereunder and thereunder.
	 	 	 
	 	(c)	Enforceability.
    This Agreement has been duly executed and delivered by Golden Share and (assuming due execution and delivery by the other Party)
    is a legal, valid and binding obligation of Golden Share enforceable against it in accordance with its terms, except as that enforcement
    may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other Applicable Laws of general application
    relating to or affecting the rights of creditors generally and that equitable remedies, including specific performance, may be granted
    only in the discretion of a court of competent jurisdiction. Each of the Contracts, agreements and instruments required by this Agreement
    to be delivered by it will, at the Effective Time, have been duly executed and delivered by it and (assuming due execution and delivery
    by the other parties thereto) will at the Effective Time be enforceable against it in accordance with its terms, except as that enforcement
    may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization moratorium and other Applicable Laws of general application
    relating or affecting the rights of creditors generally and that equitable remedies, including specific performance, may be granted
    only in the discretion of a court of competent jurisdiction.
	 	 	 
	 	(d)	Litigation.
    Golden Share is not subject to any outstanding judgment, order, writ, injunction or decree that may prevent or materially impede
    the consummation of the Arrangement.

 

    	-8-

    	 

    

 

	4.2	Representations
    and Warranties of Spinco

 

Spinco
hereby represents and warrants to and in favour of Golden Share as follows and acknowledges that Golden Share is relying on these representations
and warranties in connection with the matters contemplated by this Agreement and the consummation of the Arrangement:

 

	 	(a)	Organization
    and Status. Spinco is duly incorporated and organized, and is validly subsisting, under the laws of the State of Delaware and
    is up-to-date in the filing of all corporate and similar returns under the laws of that jurisdiction.
	 	 	 
	 	(b)	Authorization.
    Spinco has all necessary corporate power and authority and has taken all necessary corporate action to authorize the execution and
    delivery of this Agreement and the Contracts, agreements and instruments required by this Agreement to be delivered by it and the
    performance of its obligations hereunder and thereunder.
	 	 	 
	 	(c)	Enforceability.
    This Agreement has been duly executed and delivered by Spinco and (assuming due execution and delivery by the other Party) is a legal,
    valid and binding obligation of Spinco enforceable against it in accordance with its terms, except as that enforcement may be limited
    by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other Applicable Laws of general application relating
    to or affecting the rights of creditors generally and that equitable remedies, including specific performance, may be granted only
    in the discretion of a court of competent jurisdiction. Each of the Contracts, agreements and instruments required by this Agreement
    to be delivered by it will, at the Effective Time, have been duly executed and delivered by it and (assuming due execution and delivery
    by the other parties thereto) will at the Effective Time be enforceable against it in accordance with its terms, except as that enforcement
    may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization moratorium and other Applicable Laws of general application
    relating or affecting the rights of creditors generally and that equitable remedies, including specific performance, may be granted
    only in the discretion of a court of competent jurisdiction.
	 	 	 
	 	(d)	Litigation.
    Spinco is not subject to any outstanding judgment, order, writ, injunction or decree that may prevent or materially impede the consummation
    of the Arrangement.

 

	4.3	Survival
    of Representations and Warranties

 

The
representations of Golden Share made in Section 4.1 this Agreement, and of Spinco made in Section 4.2 of this Agreement, shall expire
and be terminated at the Effective Time. This Section 4.3 shall not limit any covenant or agreement of Golden Share or Spinco which,
by its terms, contemplates performance after the Effective Time or the date on which this Agreement is terminated, as the case may be.

 

    	-9-

    	 

    

 

ARTICLE
5

CONDITIONS PRECEDENT

 

	5.1	Mutual
    Conditions Precedent

 

The
respective obligations of the Parties to consummate the Arrangement are subject to the satisfaction, on or before the Effective Date
or such other time specified, of the following conditions:

 

	 	(a)	Interim
    Order. The Interim Order has been granted in form and substance satisfactory to Golden Share and Spinco, acting reasonably, and
    such orders have not been set aside or modified in a manner unacceptable to Golden Share and Spinco, each acting reasonably, on appeal
    or otherwise.
	 	 	 
	 	(b)	Arrangement
    Resolution. The Arrangement Resolution has been passed by the Golden Share Shareholders by not less than the Golden Share Shareholders
    Vote by the Outside Date in accordance with the Interim Order and in form and substance satisfactory to Spinco and Golden Share,
    acting reasonably.
	 	 	 
	 	(c)	Final
    Order. The Final Order has been granted by the Outside Date in form and substance satisfactory to Golden Share and Spinco, acting
    reasonably, and such orders have not been set aside or modified in a manner unacceptable to Golden Share and Spinco, acting reasonably,
    on appeal or otherwise.
	 	 	 
	 	(d)	Articles
    of Arrangement. The Articles of Arrangement have been filed by the Outside Date with the Director in accordance with the Arrangement,
    in form and substance satisfactory to each of Golden Share and Spinco, acting reasonably.
	 	 	 
	 	(e)	TSXV
    Approval. The TSXV has conditionally approved the transfer of the Spin-off Assets pursuant to the Arrangement.
	 	 	 
	 	(f)	Outside
    Date. The Effective Date will be on or before the Outside Date.
	 	 	 
	 	(g)	No
    Material Adverse Change. Between the date hereof and the Effective Time, there will not have occurred any Material Adverse Change
    with respect to Energy Storage Business.
	 	 	 
	 	(h)	No
    Action. There shall be no action taken under any existing Applicable Law, nor any statute, rule, regulation or order which is
    enacted, enforced, promulgated or issued by any Governmental Authority, that:

 

	 	(i)	makes
    illegal or otherwise directly or indirectly restrains, enjoins or prohibits the Arrangement; or
	 	 	 
	 	(ii)	results
    in a judgment or assessment of material damages directly or indirectly relating to the Arrangement.

 

	 	(i)	Laws.
    No Applicable Law shall be in effect, and no Governmental Entity has enacted, issued, promulgated, applied for (or advised any of
    the Parties in writing that it has determined to make such application), enforced or entered any Applicable Law (whether temporary,
    preliminary or permanent), in either case that restrains, enjoins or otherwise prohibits consummation of or dissolves the Arrangement.

 

    	-10-

    	 

    

 

The
foregoing conditions are for the mutual benefit of Golden Share, on the one hand, and Spinco, on the other hand, and may be waived by
Golden Share or Spinco, in each case in its sole discretion, in whole or in part, at any time without prejudice to any other rights which
such Party may have.

 

	5.2	Additional
    Conditions to Obligations of Golden Share

 

The
obligation of Golden Share to consummate the Arrangement is subject to the following conditions:

 

	 	(a)	Representations
    and Warranties. The representations and warranties of Spinco set forth in this Agreement will be true and correct in all respect
    as of the date of this Agreement and as of the Effective Date as if made on and as of such date, and Spinco has provided to Spinco
    a certificate of two senior officers or authorized signatories certifying such accuracy.
	 	 	 
	 	(b)	Covenants.
    Spinco has complied in all material respects with its covenants herein, and Spinco has provided to Golden Share a certificate of
    two senior officers or authorized signatories certifying compliance with such covenants.
	 	 	 
	 	(c)	No
    Action. No act, action, suit, proceeding, objection or opposition has been commenced, pending, threatened, taken, entered or
    promulgated before or by any Governmental Entity or by any other Person, and no law, regulation, policy, judgment, decision, order,
    ruling or directive (whether or not having the force of law) has been proposed, enacted, promulgated, amended or applied, in any
    case: (i) to cease trade, enjoin, prohibit or impose material conditions on the Arrangement contemplated therein or herein; (ii)
    to prohibit or restrict the completion of the Arrangement in accordance with the terms hereof or otherwise relating to the Arrangement;
    or (iii) that would have a Material Adverse Effect on Golden Share.

 

The
conditions in this Section 5.2 are for the exclusive benefit of Golden Share and may be asserted by Golden Share regardless of the circumstances
or may be waived by Golden Share, in its sole discretion, in whole or in part, at any time and from time to time without prejudice to
any other rights which Golden Share may have.

 

	5.3	Additional
    Conditions to Obligations of Spinco

 

The
obligation of Spinco to consummate the Arrangement is subject to the following conditions:

 

	 	(a)	Representations
    and Warranties. The representations and warranties of Golden Share set forth in this Agreement will be true and correct in all
    respect as of the date of this Agreement and as of the Effective Date as if made on and as of such date, and Golden Share has provided
    to Spinco a certificate of two senior officers or authorized signatories certifying such accuracy.
	 	 	 
	 	(b)	Covenants.
    Golden Share has complied in all material respects with its covenants herein, and Golden Share has provided to Spinco a certificate
    of two senior officers or authorized signatories certifying compliance with such covenants.
	 	 	 
	 	(c)	No
    Action. No act, action, suit, proceeding, objection or opposition has been commenced, pending, threatened, taken, entered or
    promulgated before or by any Governmental Entity or by any other Person, and no law, regulation, policy, judgment, decision, order,
    ruling or directive (whether or not having the force of law) has been proposed, enacted, promulgated,amended or applied, in any case:
    (i) to cease trade, enjoin, prohibit or impose material conditions on the Arrangement contemplated therein or herein; (ii) to cease
    trade, enjoin, prohibit or impose material conditions on the rights of Golden Share to conduct the Energy Storage Business; (iii)
    to prohibit or restrict the completion of the Arrangement in accordance with the terms hereof or otherwise relating to the Arrangement;
    or (iv) that would have a Material Adverse Effect on Spinco.
	 	 	 
	 	(d)	Financing.
    Spinco shall have completed the Financing, subject to the completion of the Arrangement.

 

    	-11-

    	 

    

 

The
conditions in this Section 5.3 are for the exclusive benefit of Spinco and may be asserted by Spinco regardless of the circumstances
or may be waived by Spinco in its sole discretion, in whole or in part, at any time and from time to time without prejudice to any other
rights which Spinco may have.

 

	5.4	Notice
    and Effect of Failure to Comply with Conditions

 

If
any of the conditions precedents set forth in Sections 5.1, 5.2 or 5.3 hereof have not been complied with or waived by the Party or Parties
for whose benefit such conditions are provided on or before the date required for the performance thereof, then a Party for whose benefit
the condition precedent is provided may, in addition to any other remedies they may have at law or equity, rescind and terminate this
Agreement provided that, prior to the filing of the Articles of Arrangement for the purpose of giving effect to the Arrangement, the
Party intending to rely thereon has delivered a written notice to the other Party, specifying in reasonable detail all breaches of covenants,
representations and warranties or other matters which the Party delivering such notice is asserting as the basis for the non-fulfillment
of the applicable condition or the availability of a termination right, as the case may be.

 

	5.5	Satisfaction
    of Conditions

 

The
conditions set out in this Article 5 are conclusively deemed to have been satisfied, waived or released when, with the agreement of the
Parties the Articles of Arrangement have been filed under the CBCA to give effect to the Arrangement.

 

ARTICLE
6

AMENDMENT

 

	6.1	Amendment

 

This
Agreement may, at any time and from time to time before or after the holding of the Meetings, be amended by written agreement of the
Parties without, subject to Applicable Laws, further notice to or authorization on the part of the Golden Share Shareholders and any
such amendment may, without limitation:

 

	 	(a)	change
    the time for performance of any of the obligations or acts of the Parties;
	 	 	 
	 	(b)	waive
    any inaccuracies or modify any representation or warranty contained herein or in any document delivered pursuant hereto;
	 	 	 
	 	(c)	waive
    compliance with or modify any of the covenants herein contained and waive or modify performance of any of the obligations of the
    Parties; or
	 	 	 
	 	(d)	waive
    compliance with or modify any other conditions precedent contained herein, provided that no such amendment reduces or materially
    adversely affects the consideration to be received by the Golden Share Shareholders without approval by the affected Golden Share
    Shareholders given in the same manner as required for the approval of the Arrangement or as may be ordered by the Court.

 

    	-12-

    	 

    

 

	6.2	Amendment
    of Plan of Arrangement

 

	 	(a)	Spinco
    and Golden Share reserve the right to amend, modify and/or supplement the Plan of Arrangement at any time and from time to time prior
    to the Effective Date, provided that any amendment, modification or supplement must be contained in a written document which is:
    (i) filed with the applicable Court and, if made following the applicable Meeting, approved by the applicable Court; and (ii) communicated
    to Golden Share Shareholders in the manner required by the Court (if so required).
	 	 	 
	 	(b)	Any
    amendment, modification or supplement to the Plan of Arrangements may be proposed by Spinco and Golden Share (if consented to by
    all such parties, each acting reasonably) at any time prior to or at the Meetings with or without any other prior notice or communication
    and, if so proposed and accepted, in the manner contemplated and to the extent required by this Agreement, by the Golden Share Shareholders,
    shall become part of the applicable Plan of Arrangement for all purposes.
	 	 	 
	 	(c)	Any
    amendment, modification or supplement to a Plan of Arrangement which is approved or directed by the applicable Court following the
    applicable Meeting shall be effective only: (i) if it is consented to by Spinco and Golden Share (each acting reasonably); and (ii)
    if required by the Court or applicable law, it is consented to by the Golden Share Shareholders.

 

ARTICLE
7

TERMINATION

 

	7.1	Termination

 

	 	(a)	This
    Agreement may be terminated at any time prior to the Effective Date:

 

	 	(i)	by
    mutual written consent of the Parties;
	 	 	 
	 	(ii)	by
    either Spinco or Golden Share, if the Arrangement Resolution failed to receive the Golden Share Shareholders Vote at the Meeting
    (including any adjournment or postponement thereof), in accordance with the Interim Order;
	 	 	 
	 	(iii)	by
    either Spinco or Golden Share, if the Effective Time shall not have occurred on or prior to the Outside Date, except that the right
    to terminate this Agreement under this Subsection 7.1(a)(iii) shall not be available to any Party whose failure to fulfill any of
    its obligations has been the cause of, or resulted in, the failure of the Effective Time to occur by such date; or
	 	 	 
	 	(iv)	as
    provided in Section 5.4; provided that the Party seeking termination is not then in breach of this Agreement so as to cause any of
    the conditions set forth in Sections 5.1, 5.2 or 5.3, as applicable, not to be satisfied.

 

	 	(b)	If
    this Agreement is terminated in accordance with the foregoing provisions of this Section 7.1, this Agreement will forthwith become
    void and no Party will have any further liability or obligation to the other Party hereunder except as provided in this Subsection
    7.1(b), Subsections 8.1, 9.2, 9.4, 9.8, 9.10, 9.11 and each Party’s obligations under the Confidentiality Agreement, which
    will survive such termination. Notwithstanding the foregoing, nothing contained in this Subsection 7.1(b) shall relieve any Party
    from liability for any fraud or breach of any provision of this Agreement.

 

    	-13-

    	 

    

 

ARTICLE
8

NOTICES

 

	8.1	Notices

 

All
notices that may or are required to be given pursuant to any provision of this Agreement are to be given or made in writing and served
personally or sent by facsimile transmission or email:

 

	 	(a)	in
    the case of Golden Share, to:

 

	 	Golden
    Share Resources Corporation 
	 	145
    Riviera Drive, Unit 7
	 	Markham,
    Ontario L3R 5J6 
	 	Attention: 	Fleming
    Huang
	 	Email:	fleming.huang@goldenshare.ca

 

	 	(b)	in
    the case of Spinco, to:

 

	 	Harmony
    Energy Technologies Corporation 
	 	c/o
    Golden Share Resources Corporation 145 Riviera Drive, Unit 7 
	 	Markham,
    Ontario L3R 5J6 
	 	Attention:	 Nick
    Zeng
	 	Email:	nick.zeng@kainc.ca

 

or
such other address as the Parties may, from time to time, advise the other Party hereto by notice in writing. The date or time of receipt
of any such notice will be deemed to be the date of delivery or the time such facsimile transmission or email is received.

 

ARTICLE
9

GENERAL

 

	9.1	Non-Survival
    of Representations and Warranties

 

No
investigation by or on behalf of, or knowledge of, a Party, will mitigate, diminish or affect the representations or warranties made
by the other Party in this Agreement or any certificate delivered by such other Party pursuant to this Agreement. The respective representations
and warranties of the Parties contained in this Agreement will not survive the completion of the Arrangement and will expire and be terminated
on the earlier of the Effective Time and the date on which this Agreement is terminated in accordance with its terms. This Section 9.1
will not limit any undertaking, obligations covenant or agreement of whatever nature of a Party or any of its subsidiaries which, by
its terms, contemplates performance after the Effective Time or date on which this Agreement is terminated, as the case may be.

 

    	-14-

    	 

    

 

	9.2	Assignment,
    Binding Effect and Entire Agreement

 

	 	(a)	Except
    as expressly permitted by the terms hereof, neither this Agreement nor any of the rights, interests or obligations hereunder will
    be assigned by any of the Parties hereto without the prior written consent of the other Party hereto.
	 	 	 
	 	(b)	This
    Agreement will be binding on and will inure to the benefit of the Parties and their respective successors and permitted assigns.
	 	 	 
	 	(c)	This
    Agreement constitutes the entire agreement with respect to the subject matter hereof, and supersede all other prior agreements and
    understandings, both written and oral, between the Parties with respect to the subject matter hereof and thereof.

 

	9.3	Public
    Communications

 

Each
Party agrees to consult with the other Party prior to issuing, or permitting any of its directors, officers, employees or agents to issue,
any press releases or otherwise making public statements with respect to this Agreement or the Arrangement. Without limiting the generality
of the foregoing, no Party will issue any press release regarding the Arrangement, this Agreement or any transaction relating to this
Agreement without first providing a draft of such press release to the other Party and reasonable opportunity for comment; provided,
however, that the foregoing will be subject to each Party’s overriding obligation to make any such disclosure required in accordance
with Applicable Laws. If such disclosure is required and the other Party has not reviewed or commented on the disclosure, the Party making
such disclosure will use all commercially reasonable efforts to give prior oral or written notice to the other Party, and if such prior
notice is not possible, to give such notice promptly following such disclosure.

 

	9.4	Costs

 

All
fees, costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby will be paid by the Party
incurring such cost or expense, whether or not the Arrangement are completed.

 

	9.5	Severability

 

If
any one or more of the provisions or parts thereof contained in this Agreement should be or become invalid, illegal or unenforceable
in any respect, the remaining provisions or parts thereof contained herein will be and will be conclusively deemed to be severable therefrom
and the validity, legality or enforceability of such remaining provisions or parts thereof will not in any way be affected or impaired
by the severance of the provisions or parts thereof severed. Upon such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the Parties will 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 to the end that the transactions contemplated hereby are fulfilled to the
fullest extent possible.

 

	9.6	Further
    Assurances

 

Each
Party hereto will, from time to time and at all times hereafter, at the request of the other Party hereto, but without further consideration,
do all such further acts, and execute and deliver all such further documents and instruments and provide all such further assurances
as may be commercially reasonably required in order to fully perform and carry out the terms and intent hereof.

 

    	-15-

    	 

    

 

	9.7	Time
    of Essence

 

Time
is of the essence of this Agreement.

 

	9.8	Applicable
    Laws and Enforcement

 

This
Agreement will be governed, including as to validity, interpretation and effect, by the laws of the Province of Ontario and the laws
of Canada applicable therein, and will be construed and treated in all respects as an Ontario contract. Each of the Parties hereby irrevocably
attorns to the non-exclusive jurisdiction of the Courts of the Province of Ontario in respect of all matters arising under and in relation
to this Agreement and the Arrangement. Each Party hereby waives any right to trial by jury in any action, proceeding or counterclaim
(whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the transactions contemplated hereby or
the actions of the Parties in the negotiation, administration, performance and enforcement of this Agreement.

 

	9.9	Waiver

 

Any
Party may, on its own behalf only: (a) extend the time for the performance of any of the obligations or acts of the other Party; (b)
waive compliance with the other Party’s agreements or the fulfillment of any conditions to its own obligations contained herein;
or (c) waive inaccuracies in the other Party’s representations or warranties contained herein or in any document delivered by the
other Party; provided, however, that any such extension or waiver will be valid only if set forth in an instrument in writing signed
on behalf of such Party and, unless otherwise provided in the written waiver, will be limited to the specific breach or condition waived.

 

	9.10	Third
    Party Beneficiaries

 

This
Agreement is not intended to confer any rights or remedies upon any Person other than the Parties to this Agreement.

 

	9.11	No
    Consequential Damages

 

No
Party shall be liable in an action initiated by one against the other for special, indirect, consequential, exemplary or punitive damages
resulting from or arising out of this Agreement, including loss of profit or business interruptions, however same may be caused.

 

	9.12	Counterparts,
    Execution

 

This
Agreement may be executed in two or more counterparts, each of which will be deemed to be an original but all of which together will
constitute one and the same instrument. The Parties are entitled to rely upon delivery of an executed facsimile or similar executed electronic
copy of this Agreement, and such facsimile or similar executed electronic copy will be legally effective to create a valid and binding
agreement between the Parties.

 

[Remainder
of page left blank intentionally – signatures follow]

 

    	-16-

    	 

    

 

IN
WITNESS WHEREOF each of Parties has caused this Agreement to be executed as of the date first written above by their respective
officers thereunto duly authorized.

 

	 	GOLDEN SHARE RESOURCES CORPORATION
	 	 	 
	 	Per:	 
	 	 	 
	 	HARMONY ENERGY TECHNOLOGIES CORPORATION
	 	 	 
	 	Per:	 

 

    	-17-

    	 

    

 

SCHEDULE
A

ARRANGEMENT
RESOLUTION

 

BE
IT RESOLVED THAT:

 

	 	(a)	The
    arrangement (the “Arrangement”) under Section 192 of the Canada Business Corporations Act (the “CBCA”)
    involving Golden Share Resources Corporation (“Golden Share”), pursuant to the arrangement agreement dated October
    15, 2018 between Golden Share and Harmony Energy Technologies Corporation (the “Arrangement Agreement”), all as
    more particularly described and set forth in the management information circular of Golden Share dated October 15, 2018 accompanying
    the notice of this meeting (as the Arrangement may be amended, modified and/or supplemented from time to time in accordance with
    its terms), is hereby authorized, approved and adopted.
	 	 	 
	 	(b)	The
    plan of arrangement as it has been or may be amended, modified and/or supplemented in accordance with the Arrangement Agreement and
    its terms (the “Plan of Arrangement”), the full text of which is set out as Schedule B to the Arrangement Agreement,
    is hereby authorized, approved and adopted.
	 	 	 
	 	(c)	The
    Arrangement Agreement and all the transactions contemplated thereby, the actions of the directors of Golden Share in approving the
    Arrangement and the Arrangement Agreement, and the actions of the directors and officers of Golden Share in executing and delivering
    the Arrangement Agreement and any amendments, modifications and/or supplements thereto are hereby ratified and approved.
	 	 	 
	 	(d)	Notwithstanding
    that this resolution has been passed (and the Arrangement approved and agreed to) by shareholders of Golden Share or that the Arrangement
    has been approved by the Ontario Superior Court of Justice, the directors of Golden Share are hereby authorized and empowered without
    further notice to or approval of any shareholders of Golden Share: (i) to amend, modify and/or supplement the Arrangement Agreement
    or the Plan of Arrangement to the extent permitted by the Arrangement Agreement or Plan of Arrangement; and (ii) subject to the terms
    of the Arrangement Agreement, not to proceed with the Arrangement and related transactions.
	 	 	 
	 	(e)	Any
    one officer or director of Golden Share is hereby authorized and directed for, in the name of and on behalf of Golden Share, to make
    an application for the final order from the Ontario Superior Court of Justice approving the Arrangement on the terms set forth in
    the Arrangement Agreement and the Plan of Arrangement and to execute, cause to be executed and to deliver or cause to be delivered,
    for filing with the Director under the CBCA, articles of arrangement and such other documents as are necessary or desirable to give
    effect to the Arrangement and the Plan of Arrangement in accordance with the Arrangement Agreement, such determination to be conclusively
    evidenced by the execution and delivery of such articles of arrangement and any such other documents.
	 	 	 
	 	(f)	Any
    one director or officer of Golden Share is hereby authorized and directed for, in the name and on behalf of Golden Share, to execute
    or cause to be executed and to deliver or to cause to be delivered, all such other documents and instruments and to do or to cause
    to be done all such other acts and things as in such person’s opinion may be necessary or desirable in order to carry out the
    intent of the foregoing resolutions and the matters authorized thereby, such determination to be conclusively evidenced by the execution
    and delivery of such document or instrument or the doing of such act or thing.

 

    	 

    	 

    

 

SCHEDULE
B

PLAN
OF ARRANGEMENT

 

    	 

    	 

    

 

PLAN
OF ARRANGEMENT

 

PLAN
OF ARRANGEMENT UNDER SECTION 192 OF THE

 

CANADA
BUSINESS CORPORATIONS ACT

 

ARTICLE
1

INTERPRETATION

 

	1.1	In
    this Plan of Arrangement (this “Plan of Arrangement”), the following terms have the following meanings:
	 	 
	(a)	“Arrangement”,
    “herein”, “hereof”, “hereto”, “hereunder” and similar
    expressions mean and refer to the arrangement under Section 192 of the CBCA on the terms and subject to the conditions set out in
    this Plan of Arrangement, subject to any amendments or variations made in accordance with (i) Section 6.2 of the Arrangement Agreement,
    (ii) Article 6 of this Plan of Arrangement, or (iii) at the discretion of the Court in either the Interim Order or the Final Order
    with the prior written consent of Golden Share and Spinco, each acting reasonably;
	 	 
	(b)	“Arrangement
    Agreement” means the arrangement agreement dated October 15, 2018 between Golden Share and Spinco with respect to the Arrangement,
    as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof;
	 	 
	(c)	“Arrangement
    Resolution” means the special resolution in respect of the Arrangement in substantially the form attached as Appendix A
    to the Information Circular to be voted upon by Golden Share Shareholders at the Meeting;
	 	 
	(d)	“Articles
    of Arrangement” means the articles of arrangement in respect of the Arrangement required under the CBCA to be filed with
    the Director after the Final Order has been granted, to give effect to the Arrangement;
	 	 
	(e)	“Business
    Day” means any day, excepting Saturdays, Sundays and statutory holidays observed in Toronto, Ontario;
	 	 
	(f)	“CBCA”
    means the Canada Business Corporations Act, as now enacted and as amended and the regulations thereto;
	 	 
	(g)	“Certificate”
    means the certificate or other proof of filing to be issued by the Director pursuant to the CBCA giving effect to the Arrangement;
	 	 
	(h)	“Commercialization
    Agreement” means agreement 70973 dated January 25, 2018 between Battelle Memorial Institute Pacific Northwest Division
    and Golden Share;
	 	 
	(i)	“Court”
    means the Ontario Superior Court of Justice;
	 	 
	(j)	“Director”
    means the Director appointed pursuant to Section 260 of the CBCA;

 

    	 

    	-2-

    

 

	(k)	“Dissent
    Rights” means rights of dissent in respect of the Arrangement as described in Article 5 hereof, as modified by the Interim
    Order and the Final Order;
	 	 
	(l)	“Dissenting
    Shareholder” means a registered holder of Golden Share Shares who has duly and validly exercised its the Dissent Rights
    in respect of its Golden Share Shares and has not withdrawn or been deemed to have withdrawn such exercise of its Dissent Rights;
	 	 
	(m)	“Effective
    Date” means the date agreed to by Golden Share and Spinco in writing as the effective date of the Arrangement after all
    of the conditions precedent to the completion of the Arrangement as set out in the Arrangement Agreement have been satisfied or waived
    and the Final Order has been granted by the Court;
	 	 
	(n)	“Effective
    Time” means 12:01 a.m. (Toronto time) on the Effective Date, or such other time agreed to by Golden Share and Spinco;
	 	 
	(o)	“Final
    Order” means the final order of the Court approving the Arrangement pursuant to the CBCA (in form acceptable to Golden
    Share and Spinco, each acting reasonably), as such order may be affirmed, amended or modified by any court of competent jurisdiction
    (with the consent of Golden Share and Spinco, each acting reasonably) at any time prior to the Effective Date or, if appealed, then
    unless such appeal is withdrawn or denied, as affirmed or as amended (provided that any such amendment is acceptable to Golden Share
    and Spinco, each acting reasonably) on appeal;
	 	 
	(p)	“Financing”
    means the equity financing of Spinco for minimum gross proceeds of US$100,000;
	 	 
	(q)	“Golden
    Share” means Golden Share Resources Corporation, a body corporate incorporated under the federal laws of Canada;
	 	 
	(r)	“Golden
    Share Shareholder” means a holder of Golden Share Shares;
	 	 
	(s)	“Golden
    Share Shares” means common shares in the capital of Golden Share;
	 	 
	(t)	“Information
    Circular” means the notice of Meeting and accompanying management information circular and proxy statement of Golden Share
    to be mailed to the Golden Share Shareholders in connection with the holding of the Meeting, as amended, supplemented or otherwise
    modified from time to time in accordance with the Arrangement Agreement;
	 	 
	(u)	“Interim
    Order” means the interim order of the Court concerning the Arrangement pursuant to the CBCA (in form acceptable to Golden
    Share and Spinco, each acting reasonably), containing declarations and directions with respect to the Arrangement and the holding
    of the Meeting as such order may be affirmed, amended or modified by any court of competent jurisdiction (with the prior consent
    of Golden Share and Spinco, each acting reasonably);
	 	 
	(v)	“License
    Agreement” means license agreement number 528131 effective October 6, 2016 between Batelle Memorial Institute and Golden
    Share, as amended on May 26, 2017 and February 8, 2018;
	 	 
	(w)	“Meeting”
    means the special meeting of the Golden Share Shareholders, including any adjournments or postponements thereof, to be called and
    held in accordance with the Arrangement Agreement and Interim Order to permit the Golden Share Shareholders to inter alia
    consider and vote on the Arrangement Resolution;

 

    	 

    	-3-

    

 

	(x)	“person”
    includes any individual, partnership, association, organization, firm, body corporate, trust, estate, trustee, executor, administrator,
    legal representative, government (including governmental authority), agency, instrumentality, or other entity, whether or not having
    legal status;
	 	 
	(y)	“Plan
    of Arrangement” means this plan of arrangement and any amendments or variations hereto made in accordance with the Arrangement
    Agreement and Article 6 hereof or made at the direction of the Court in either the Interim Order or the Final Order with the prior
    written consent of Golden Share and Spinco, each acting reasonably;
	 	 
	(z)	“Spinco”
    means Harmony Energy Technologies Corporation, a corporation existing under the laws of the State of Delaware;
	 	 
	(aa)	“Spinco
    Shares” means the common shares in the capital of Spinco;
	 	 
	(bb)	“Spinco
    Shareholders” means the holders of Spinco Shares;
	 	 
	(cc)	“Spin-off
    Assets” means the Commercialization Agreement, License Agreement and the pre- payment in the amount of US$100,000 made
    to PNNL under the Commercialization Agreement;
	 	 
	(dd)	“Tax
    Act” means the Income Tax Act (Canada), together with any and all regulations promulgated thereunder, as amended;
    and
	 	 
	(ee)	“Transfer
    Agent” means Computershare Trust Company of Canada and/or Computershare Trust Services, N.A., as applicable.
	 	 
	1.2	The
    division of this Plan of Arrangement into articles and sections and the insertion of headings are for convenience of reference only
    and shall not affect the construction or interpretation of this Plan of Arrangement.
	 	 
	1.3	Unless
    reference is specifically made to some other document or instrument, all references herein to articles and sections are to articles
    and sections of this Plan of Arrangement.
	 	 
	1.4	Unless
    the context otherwise requires, words importing the singular number shall include the plural and vice versa; and words importing
    any gender shall include all genders.
	 	 
	1.5	In
    the event that the date on which any action is required to be taken hereunder by any of the parties is not a Business Day in the
    place where the action is required to be taken, such action shall be required to be taken on the next succeeding day which is a Business
    Day in such place.
	 	 
	1.6	References
    in this Plan of Arrangement to any statute or sections thereof shall include such statute as amended or substituted and any regulations
    promulgated thereunder from time to time in effect.

 

ARTICLE
2

ARRANGEMENT
AGREEMENT

 

	2.1	This
    Plan of Arrangement is made pursuant and subject to the provisions of, and forms part of, the Arrangement Agreement.

 

    	 

    	-4-

    

 

ARTICLE
3

ARRANGEMENT

 

	3.1	Upon
    the filing of the Articles of Arrangement and the issue of the Certificate, this Plan of Arrangement will become effective at the
    Effective Time and will be binding on and after the Effective Time on: (i) all legal and beneficial Golden Share Shareholders, (ii)
    Golden Share, and (iii) Spinco.
	 	 
	3.2	The
    Arrangement involves the following steps that will occur and will be deemed to occur sequentially, in five minute increments, unless
    otherwise noted, starting at the Effective Time without any further act or formality:
	 	 
	(a)	the
    Golden Share Shares held by Dissenting Shareholders who have properly exercised Dissent Rights that remain valid immediately prior
    to the Effective Time shall, as of the Effective Time, be deemed to have been transferred to Golden Share free and clear of all liens,
    claims and encumbrances, and cancelled and cease to be outstanding, and, as of the Effective Time, such Dissenting Shareholders shall
    cease to have any rights as Golden Share Shareholders, other than the right to be paid the fair value of their Golden Share Shares;
	 	 
	(b)	Golden
    Share shall transfer, assign and convey to Spinco and Spinco shall accept and assume all of the rights, title and interest of Golden
    Share in and to the Spin-off Assets in consideration for the issuance by Spinco of 3,850,134 fully paid and non-assessable Spinco
    Shares (the “Arrangement Spinco Shares”) or such number as is equal to the 10% of the number of Golden Share Shares
    issued and outstanding immediately prior to the Effective Time (excluding any Golden Share Shares held by Dissenting Shareholders);
	 	 
	(c)	the
    authorized share structure of Golden Share shall be deemed to be altered by:

 

	 	(i)	renaming
    and re-designating all of the issued and unissued Golden Share Shares as “Class A common shares without par value” and
    amending the special rights and restrictions attached to those shares to provide the holders thereof with two votes in respect of
    each share held, being the “Golden Share Class A Shares”;
	 	 	 
	 	(ii)	creating
    a new class consisting of an unlimited number of “common shares without par value” with terms and special rights and
    restrictions identical to those of the Golden Share Shares immediately prior to the Effective Time, being the “New Golden
    Share Shares”; and
	 	 	 
	 	(iii)	the
    Articles of Golden Share shall be amended to reflect the alterations in Section 3.2(c)(i) and (ii);

 

	(d)	in
    the course of a reorganization of Golden Share’s capital within the meaning of section 86 of the Tax Act, the Golden Share
    Class A Shares (excluding any Golden Share Class A Shares held by Dissenting Shareholders) will be deemed to be exchanged by the
    Golden Share Shareholders (free and clear of all liens, claims and encumbrances) as follows:

 

	 	(i)	for
    each Golden Share Class A Share, one New Golden Share Share; and
	 	 	 
	 	(ii)	for
    each 10 Golden Share Class A Shares, one Spinco Share (if the foregoing calculation would otherwise result in a Golden Share Shareholder
    receiving a fraction of a Spinco Share, the number of Spinco Shares received by such Golden Share Shareholder shall be rounded down
    to the nearest whole Spinco Share);

    

 

    	 

    	-5-

    

 

	(e)	simultaneously:

 

	 	(i)	the
    aggregate amount added to the stated capital of the New Golden Share Shares will be equal to (a) aggregate paid-up capital (as that
    term is used for purposes of the Tax Act) of the Golden Share Class A Shares (excluding Golden Share Shares held by Dissenting Shareholders)
    immediately prior to the exchange effected pursuant to Section 3.2(d), less(b) the fair market value of the Spinco Shares distributed
    pursuant to Section 3.2(d) at the time of distribution;
	 	 	 
	 	(ii)	the
    Golden Share Class A Shares, none of which will be issued or outstanding once the exchange in Section 3.2(d) is completed, will be
    cancelled with the appropriate entries being made in the central securities register of Golden Share and the authorized share structure
    of Golden Share will be amended by eliminating the Golden Share Class A Shares; and
	 	 	 
	 	(iii)	the
    Articles of Golden Share shall be amended to reflect the alterations in Section 3.2(e)(i) and (ii);

 

	(f)	the
    Financing shall close and a number of Spinco Shares (the “Financing Spinco Shares”) shall be issued to the subscribers
    therefor as set forth in the Financing subscriptions; and
	 	 
	(g)	any
    Spinco Shares still held by Golden Share following the completion of the foregoing steps would be redeemed for a price of US$1.00
    each and cancelled.
	 	 
	3.3	Each
    of Golden Share, Spinco and the Transfer Agent shall be entitled to deduct and withhold from any cash payment or any issue, transfer
    or distribution of New Golden Share Shares or Spinco Shares, made pursuant to this Plan of Arrangement such amounts as may be required
    to be deducted and withheld pursuant to the Tax Act or any other applicable law, and any amount so deducted and withheld will be
    deemed for all purposes of this Plan of Arrangement to be paid, issued, transferred or distributed to the person entitled thereto
    under the Plan of Arrangement. Without limiting the generality of the foregoing, any New Golden Share Shares or Spinco Shares so
    deducted and withheld may be sold on behalf of the person entitled to receive them for the purpose of generating cash proceeds, net
    of brokerage fees and other reasonable expenses, sufficient to satisfy all remittance obligations relating to the required deduction
    and withholding, and any cash remaining after such remittance shall be paid to the person forthwith

 

ARTICLE
4

OUTSTANDING
CERTIFICATES AND FRACTIONAL SECURITIES

 

	4.1	From
    and after the Effective Time, certificates formerly representing Golden Share Shares under the Arrangement shall represent only the
    right to receive the consideration to which the Golden Share Shareholders are entitled under the Arrangement, or as to those held
    by Dissenting Shareholders, other than those Dissenting Shareholders deemed to have participated in the Arrangement pursuant to Section
    5.1, to receive the fair value of the Golden Share Shares represented by such certificates.
	 	 
	4.2	On
    the Effective Date, or as soon as practicable thereafter, Spinco shall execute and deliver to the Transfer Agent a treasury order
    or such other direction as may be requested by the Transfer Agent to effect the issuances and delivery of the Spinco Shares issuable
    in Section 3.2(d)(ii) above to such Golden Share Shareholders in accordance with the terms of this Plan of Arrangement.

     

    	 

    	-6-

    

 

	4.3	No
    fractional Spinco Shares shall be issued pursuant to the Arrangement and any fractional number of Spinco Shares shall be rounded
    down to the nearest whole number of Spinco Shares without any additional compensation.
	 	 
	4.4	From
    and after the Effective Date, share certificates representing Golden Share Shares immediately before the Effective Date, except for
    those deemed to have been cancelled pursuant to Article 5, shall for all purposes be deemed to be share certificates representing
    New Golden Share Shares, and no new share certificates shall be issued with respect to the New Golden Share Shares issued in connection
    with the Arrangement.

 

ARTICLE
5

DISSENTING SHAREHOLDERS

 

	5.1	Registered
    Golden Share Shareholders are entitled to exercise rights of dissent in connection with the Arrangement with respect to their Golden
    Share Shares under Section 190 of the CBCA as modified by the Interim Order, the Final Order and this Section 5.1 (the “Dissent
    Rights”); provided that the duly executed notice of dissent to the resolution approving the Arrangement contemplated by
    Section 190(5) of the CBCA must be received by Golden Share not later than 5:00 p.m. (Toronto time) on the Business Day immediately
    preceding the date of the Meeting or by 5:00 p.m. (Toronto time) on the Business Day prior to the date on which any adjournment of
    the Meeting is held.
	 	 
	5.2	Golden
    Share Shares held by Golden Share Dissenting Shareholders who are ultimately entitled to be paid fair value for their Golden Share
    Shares will be and will be deemed to have been sold to Golden Share and such Golden Share Dissenting Shareholders will cease to have
    any rights as former Golden Share Shareholders other than their right to be paid fair value for their Golden Share Shares by Golden
    Share.
	 	 
	5.3	Golden
    Share Shareholders who exercise, or purport to exercise, Golden Share Dissent Rights, and who are ultimately determined not to be
    entitled, for any reason, to be paid fair value for their Golden Share Shares will be deemed to have participated in the Arrangement
    on the same basis as any non-dissenting Golden Share Shareholders as at and from the Effective Date and will receive, and be entitled
    to receive, only the consideration for each Golden Share Share on the basis set forth in Section 3.2.

 

ARTICLE
6

AMENDMENTS

 

	6.1	Golden
    Share and Spinco may amend, modify and/or supplement this Plan of Arrangement at any time and from time to time prior to the Effective
    Date, provided that each such amendment, modification and/or supplement must be: (i) set out in writing; (ii) approved by the parties(iii)
    filed with the Court and, if made following the Meeting, approved by the Court; and (iv) communicated to Golden Share Shareholders,
    if and as required by the Court.
	 	 
	6.2	Any
    amendment, modification or supplement to this Plan of Arrangement may be proposed by Golden Share and Spinco at any time prior to
    or at the Meeting (provided that the other parties shall have consented in writing prior thereto) with or without any other prior
    notice or communication, and if so proposed and accepted, in the manner contemplated and to the extent required by the Arrangement
    Agreement, by the persons voting at the Meeting (other than as may be required under the Interim Order or other order of the Court),
    shall become part of this Plan of Arrangement for all purposes.

    

 

    	 

    	-7-

    

 

	6.3	Any
    amendment, modification or supplement to this Plan of Arrangement which is approved or directed by the Court following the Meeting
    shall be effective only: (i) if it is consented to by Golden Share and Spinco (each acting reasonably); and (ii) if required by the
    Court, it is consented to by Golden Share Shareholders.
	 	 
	6.4	Any
    amendment, modification or supplement to this Plan of Arrangement may be made following the Effective Time but shall only be effective
    if (x) it is consented to by Golden Share and Spinco and (y) it concerns a matter which, in the reasonable opinion of Golden Share,
    is merely of an administrative nature required to better give effect to the implementation of this Plan of Arrangement and is not
    adverse to the financial or economic interests of Golden Share, Spinco or any former Golden Share Shareholder.

 

ARTICLE
7

MISCELLANEOUS

 

	7.1
    	Notwithstanding
    that the transactions and events set out herein shall occur and shall be deemed to occur in the order set out in the Plan of Arrangement
    without any further act or formality, each of Golden Share and Spinco shall make, do and execute, or cause to be made, done or executed,
    all such further acts, deeds, agreements, transfers, assurances, instruments or documents as may reasonably be required in order
    further to document or evidence any of the transactions or events set out herein.

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