Document:

EX-10.9

 Exhibit 10.9 

Execution Version 
 MERGER
AGREEMENT AND PLAN OF REORGANIZATION 
 among 

MIRA III ACQUISITION CORP., WIND POWER HOLDINGS, INC., 

MIRA SUBCO INC. AND MIRA SUBCO LLC 

March 31, 2014 

 TABLE OF CONTENTS 

 

											
	 ARTICLE 1 DEFINITIONS
	  	 	1	  
		
	 ARTICLE 2 TRANSACTION
	  	 	8	  
					
		 		 	 2.1
	  	Agreement to Merge	  	 	8	  
		 		 	 2.2
	  	Disclosure Documents	  	 	8	  
		 		 	 2.3
	  	Merger Events	  	 	11	  
		 		 	 2.4
	  	Share Certificates	  	 	12	  
		 		 	 2.5
	  	Resulting Issuer	  	 	12	  
		 		 	 2.6
	  	Merged Corporation	  	 	13	  
		 		 	 2.7
	  	Fractional Shares	  	 	13	  
		 		 	 2.8
	  	Effect of Merger	  	 	14	  
		 		 	 2.9
	  	Mergeco2	  	 	14	  
		 		 	 2.10
	  	Effect of Subsequent Merger	  	 	15	  
		 		 	 2.11
	  	Filing of Articles	  	 	15	  
		 		 	 2.12
	  	U.S. Tax Treatment	  	 	15	  
		
	 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF MIRA
	  	 	16	  
					
		 		 	 3.1
	  	Representations and Warranties of Mira	  	 	16	  
		
	 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF THE COMPANY
	  	 	21	  
					
		 		 	 4.1
	  	Representations and Warranties of the Company	  	 	21	  
		
	 ARTICLE 5 SURVIVAL OF REPRESENTATIONS AND WARRANTIES
	  	 	28	  
					
		 		 	 5.1
	  	No Survival of Representations and Warranties	  	 	28	  
		
	 ARTICLE 6 COVENANTS OF THE COMPANY
	  	 	28	  
					
		 		 	 6.1
	  	Necessary Consents	  	 	28	  
		 		 	 6.2
	  	Ordinary Course	  	 	28	  
		 		 	 6.3
	  	Non-Solicitation	  	 	28	  
		 		 	 6.4
	  	Restrictive Covenants	  	 	29	  
		 		 	 6.5
	  	Company Alternative Transaction	  	 	30	  
		 		 	 6.6
	  	All Other Action	  	 	30	  
		
	 ARTICLE 7 COVENANTS OF MIRA
	  	 	31	  
					
		 		 	 7.1
	  	Necessary Consents	  	 	31	  
		 		 	 7.2
	  	Ordinary Course	  	 	31	  
		 		 	 7.3
	  	Non-Solicitation	  	 	31	  
		 		 	 7.4
	  	Restrictive Covenants	  	 	31	  
		 		 	 7.5
	  	Subco and Subco2	  	 	32	  
		 		 	 7.6
	  	Mira Alternative Transaction	  	 	32	  
		 		 	 7.7
	  	All Other Action	  	 	33	  

 TABLE OF CONTENTS 

(continued) 
  

									
	 	  	Page	 
		
	 ARTICLE 8 CONDITIONS PRECEDENT
	  	 	33	  
				
		 	 8.1
	  	Conditions for the Benefit of Mira	  	 	33	  
		 	 8.2
	  	Conditions for the Benefit of the Company	  	 	34	  
		
	 ARTICLE 9 CLOSING
	  	 	35	  
				
		 	 9.1
	  	Time of Closing	  	 	35	  
		 	 9.2
	  	Company Closing Documents	  	 	36	  
		 	 9.3
	  	Mira’s Closing Documents	  	 	36	  
		
	 ARTICLE 10 TERMINATION
	  	 	37	  
				
		 	 10.1
	  	Termination	  	 	37	  
		 	 10.2
	  	Effect of Termination	  	 	37	  
		
	 ARTICLE 11 GENERAL
	  	 	37	  
				
		 	 11.1
	  	Confidential Information	  	 	37	  
		 	 11.2
	  	Counterparts	  	 	38	  
		 	 11.3
	  	Severability	  	 	38	  
		 	 11.4
	  	Applicable Law	  	 	38	  
		 	 11.5
	  	Knowledge	  	 	38	  
		 	 11.6
	  	Disclosure in Writing	  	 	38	  
		 	 11.7
	  	Successors and Assigns	  	 	38	  
		 	 11.8
	  	Interpretation	  	 	39	  
		 	 11.9
	  	Expenses	  	 	39	  
		 	 11.10
	  	Further Assurances	  	 	39	  
		 	 11.11
	  	Entire Agreement	  	 	39	  
		 	 11.12
	  	Notices	  	 	40	  
		 	 11.13
	  	Waiver	  	 	41	  
		 	 11.14
	  	Amendments	  	 	41	  
		 	 11.15
	  	Remedies Cumulative	  	 	41	  
		 	 11.16
	  	Currency	  	 	42	  
		 	 11.17
	  	Number and Gender	  	 	42	  
		 	 11.18
	  	Time of Essence	  	 	42	  

  
 -ii- 

 MERGER AGREEMENT 

This Merger Agreement is entered into on March 31, 2014 by and between Mira III Acquisition Corp., a British Columbia corporation, Wind
Power Holdings, Inc., a Delaware corporation, Mira Subco Inc., a Delaware corporation (“Subco”, as more specifically defined herein) and Mira Subco LLC, a Delaware limited liability company (“Subco2”, as more
specifically defined herein). 
 The parties intend that the Merger be interdependent with and a condition precedent to the Subsequent
Merger and that the Subsequent Merger shall be effected on the Effective Date immediately following the Effective Time and without the further approval, authorization or direction from or by any of the Parties. It is the further intention of the
parties that, upon consummation of the Merger and the Subsequent Merger, there will be achieved a single end result and the shareholders of the Company at the Effective Time will receive the same economic benefit and/or ownership interest in Mira as
such shareholders of the Company would have received had the Company been merged directly with and into Subco2. 
 The parties also intend
that the Merger and the Subsequent Merger, considered together as a single integrated transaction for United States federal income tax purposes, will qualify as a “reorganization” within the meaning of Section 368(a)(1) of the Code,
that each of Mira, Subco and the Company are “parties to a reorganization” within the meaning of Section 368(b) of the Code, and that this Agreement shall constitute a “plan of reorganization” within the meaning of Treasury
Regulation Section 1.368-2(g) as provided in Section 2.12. 
 Now, therefore, in consideration of the premises and the mutual
promises herein made, and in consideration of the representations, warranties and covenants herein contained, the Parties agree as follows: 

ARTICLE 1 
 DEFINITIONS

 In this Agreement (including the preamble, recitals and each Schedule hereto), the following terms have the meanings ascribed thereto
as follows: 
 “Acquisition” means the reverse takeover of Mira by the Company effected through the Merger and the
Subsequent Merger and which acquisition shall constitute the Qualifying Transaction of Mira within the meaning of the CPC Policy. 

“Affiliate” has the meaning specified in the BCCA. 

“Agency Agreement” means the agency agreement dated March 17, 2014 among Wind Power, Mira and the Agents in respect of
the Private Placement; 
 “Agents” means collectively Beacon Securities Limited, Cormark Securities Inc. and Canaccord
Genuity Corp. 

 “Agents’ Options” means the common share purchase options of the Company
issued to the Agents pursuant to the Private Placement, with each option entitling the holder thereof to acquire one (1) Company Share at an exercise price equal to CAD$4.00 until March 17, 2016. 

“Agreement” means this Agreement and any instrument supplemental or ancillary hereto; and the expressions “Article”,
“section”, and “subsection” followed by a number means and refers to the specified Article, section or subsection of this Agreement. 

“Ancillary Agreements” means all agreements, certificates and other instruments delivered or given pursuant to this Agreement.

 “Applicable Delaware Law” means the DGCL or the DLLCA, as applicable. 

“Applicable Securities Law” means applicable securities legislation, securities regulation and securities rules, as amended,
and the policies, notices, instruments and blanket orders having the force of law, in force from time to time. 
 “Applicable U.S.
Shareholders” means all U.S. resident holders of shares of the Company that are accredited investors other than Private Placement Shareholders. 

“Assets” means the property and assets of the Company and the Company Subsidiaries, of every kind and description and
wheresoever situated. 
 “BCCA” means the Business Corporations Act (British Columbia). 

“Board of Directors” means the board of directors of the Company. 

“Business Day” means any day, other than a Saturday, Sunday or statutory holiday in the City of Toronto in the Province of
Ontario. 
 “Closing” means the completion of the transactions contemplated herein. 

“Closing Date” means the Business Day following the date upon which all conditions set forth in Article 10 (other than those
conditions that by their nature are to be satisfied or waived at the Closing, but subject to the satisfaction or waiver of those conditions) are satisfied or waived or such other Business Day as the Parties may agree in writing. 

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

“Company” means Wind Power Holdings, Inc., a corporation incorporated under the laws of Delaware. 

“Company Alternative Transaction” has the meaning given to the term in Section 6.5. 

“Company Approval” means the approval of the shareholders of the Company of the Merger and such other ancillary matters. 

  
 - 2 - 

 “Company Consolidation” means the consolidation of the Company Shares to be
effective prior to the Merger on the basis of one post-consolidation Company Share for each 1.557612 outstanding Company Shares existing immediately before the consolidation. 

“Company Contracts” has the meaning given to the term in subsection 4.1(r). 

“Company Notes” means convertible senior secured notes of the Company outstanding with a face amount of US$11,775,516.34. 

“Company Options” means the 2,850,282 common share purchase options of the Company issued and outstanding, with each such
option entitling the holder to acquire one (1) Company Share, subject to adjustments. 
 “Company Shareholder
Materials” means the materials to be distributed to Company Shareholders in connection with the Company Approval. 

“Company Shareholders” means holders of the Company Shares. 

“Company Shares” means the shares of common stock in the capital of the Company. 

“Company Subsidiaries” means Northern Power Systems, Inc., a corporation incorporated under the laws of Delaware, Northern
Power Systems AG, a Switzerland corporation, and Northern Power Systems S.r.l., an Italian limited liability company. 

“Company’s Financial Statements” means the Company’s audited consolidated financial statements as at, and for the
fiscal years ended, December 31, 2012, 2011 and 2010. 
 “Confidential Information” means any information concerning
the Company or Mira (the “Disclosing Party”) or its business, properties and assets made available to the other party or its representatives (the “Receiving Party”); provided that it does not include information
which (i) is generally available to or known by the public other than as a result of improper disclosure by the Receiving Party or pursuant to a breach of Section 11.1 by the Receiving Party, or (ii) is obtained by the Receiving Party from
a source other than the Disclosing Party, provided that (to the reasonable knowledge of the Receiving Party) such source was not bound by a duty of confidentiality to the Disclosing Party or another party with respect to such information. 

“Consolidation” means the consolidation of Mira Common Shares to be effective prior to the Merger on the basis of one
post-consolidation Mira Common Share for each 34.7826 outstanding Mira Common Shares existing immediately before the consolidation. 

“CPC Policy” means Policy 2.4 – Capital Pool Companies of the TSXV. 

“DGCL” means the General Corporation Law (Delaware). 

  
 - 3 - 

 “DLLCA” means the Limited Liability Company Act (Delaware). 

“Effective Date” means the effective date of the Merger, which shall be the date on the Certificate of Merger.  

“Effective Time” means the time set out in the Certificate of Merger for the Merger (Delaware time) on the Effective Date or
such other time as Mira and the Company may agree. 
 “Employee Plans” has the meaning given to the term in subsection
4.1(aa). 
 “Environmental Laws” means all applicable laws (whether federal, state, provincial or municipal) relating to the
protection and preservation of the environment, occupational health and safety, product safety, product liability or hazardous substances. 

“Environmental Permits” includes all orders, permits, certificates, approvals, consents, registrations and licences issued by
any authority of competent jurisdiction under any Environmental Law. 
 “Escrow Release Conditions” has the meaning ascribed
thereto in the Agency Agreement. 
 “Escrowed Proceeds” means the proceeds from the Private Placement (less certain expenses
of the Agents in connection therewith) held in escrow with an escrow agent until the satisfaction of the Escrow Release Conditions. 

“Filing Statement” means the filing statement of Mira in the form prescribed by the TSXV, pertaining to the Qualifying
Transaction and which shall be filed on SEDAR prior to the closing of the Acquisition. 
 “GAAP” means United States
generally accepted accounting principles as in effect from time to time, consistently applied. 
 “Governmental Authority”
means any governmental authority and includes, without limitation, any national or federal government, province, state, municipality or other political subdivision of any of the foregoing, any entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government and any corporation or other entity owned or controlled (through stock or capital ownership or otherwise) by any of the foregoing. 

“IFRS” means International Financial Reporting Standards. 

“include” or “including” shall be deemed to be followed by the words “without limitation”. 

“Intellectual Property” means any registered or unregistered trade-marks and trade-mark applications, trade names,
certification marks, patents and patent applications, copyrights, domain names, industrial designs, trade secrets, knowhow, formulae, 

  
 - 4 - 

 
processes, inventions, technical expertise, research data and other similar property, all associated registrations and applications for registration and all associated rights, including moral
rights. 
 “Leased Premises” means has the meaning given to the term in subsection 4.1(w). 

“Lien” means any mortgage, encumbrance, charge, pledge, hypothecation, security interest, assignment, lien (statutory or
otherwise), charge, title retention agreement or arrangement, restrictive covenant or other encumbrance of any nature or any other arrangement or condition, which, in substance, secures payment, or performance of an obligation. 

“Material Adverse Change” or “Material Adverse Effect” with respect to Mira or the Company, as the case may
be, means any change (including a decision to implement such a change made by the board of directors or by senior management who believe that confirmation of the decision by the board of directors is probable), event, violation, inaccuracy,
circumstance or effect that is materially adverse to the business, assets (including intangible assets), liabilities, capitalization, ownership, financial condition or results of operations of Mira or the Company, as the case may be, on a
consolidated basis. 
 “Mergeco” means the Company, which shall be the surviving corporation of the Merger of Subco with and
into the Company pursuant to the Merger to be named “Wind Power Holdings, Inc.”. 
 “Mergeco2” means Subco2, which
shall be the surviving entity of the merger of Mergeco with and into Subco2 pursuant to the Subsequent Merger to be named “Wind Power Holdings LLC”. 

“Merger” means the merger of Subco with and into the Company pursuant to the provisions of the DGCL in the manner contemplated
in and pursuant to the terms and conditions of this Agreement. 
 “Merging Companies” means the Company and Subco. 

“Mira” means Mira III Acquisition Corp. 

“Mira Agent Options” means the options to acquire 250,000 Mira Common Shares at a price of CAD$0.10 per Mira Common Share
granted to certain agents in connection with Mira’s initial public offering (on a pre-Consolidation basis). 
 “Mira Alternative
Transaction” has the meaning given to the term in Section 7.6. 
 “Mira Assets” means the property and assets
of Mira, of every kind and description and wheresoever situated. 
 “Mira Class B Shares” means the Class B restricted
voting convertible shares in the capital of Mira upon completion of the Share Amendment. 

  
 - 5 - 

 “Mira Common Shares” means the common shares in the capital of Mira. 

“Mira Meeting” means the annual and special meeting of the shareholders of Mira, scheduled to take place on April 14,
2014, or such other date as agreed to by the Parties, for the consideration and, if deemed appropriate, approval of the Mira Meeting Matters. 

“Mira Meeting Materials” means the notice of meeting and information circular of Mira distributed to Mira Shareholders in
connection with the Mira Meeting. 
 “Mira Meeting Matters” means, inter alia, the following items to be presented
for shareholder approval at the Mira Meeting with respect to Mira: 
  

	 	(a)	the Consolidation; 

  

	 	(b)	the Share Amendment; 

  

	 	(c)	the appointment of auditors prior to and following the Closing; 

  

	 	(d)	the election of directors prior to and following the Closing; 

  

	 	(e)	the adoption of the Stock Option Plan to be effective following the Closing; and 

  

	 	(f)	such further or other matters as shall properly come before the Mira Meeting. 

 “Mira
Options” means the 1,250,000 common share purchase options of Mira issued and outstanding, with each such option entitling the holder to acquire one (1) Mira Common Share (on a pre-Consolidation basis), subject to adjustments. 

“Mira Shareholders” means the holders of Mira Common Shares and Mira Class B Shares. 

“Mira Subsidiary” means Subco or Subco2 and “Mira Subsidiaries” means both of them. 

“Mira’s Closing Documents” means the documents required to be delivered to the Company by Mira pursuant to
Section 9.3 hereof. 
 “Mira’s Financial Statements” means the audited financial statements of Mira for the year
ended December 31, 2013 and the period from February 14, 2012 (date of incorporation) to December 31, 2012. 
 “Name
Change” means a change of the name of Mira from “Mira III Acquisition Corp.” to “Northern Power Systems Corp.” or such other name as is agreed to by the Company and Mira. 

“Party” means a party to this Agreement and “Parties” means all parties to this Agreement. 

  
 - 6 - 

 “Permitted Encumbrances” means (i) any validly perfected security interest
given by the Company in respect of any indebtedness; (ii) any other security given by the Company in connection with the operation of the Company’s business; (iii) liens against the Company or its assets for taxes, assessments or
governmental charges or levies not due and delinquent; and (iv) undetermined or inchoate liens and charges incidental to the current operations of the Company which have not been filed pursuant to law or which relate to obligations not due or
delinquent. 
 “Person” includes an individual, corporation, partnership, joint venture, trust, unincorporated organization,
the Crown or any agency or instrumentality thereof or any other juridical entity. 
 “Private Placement” means the issuance
of 6,125,000 Subscription Receipts on March 17, 2014 by way of a private placement by the Company at a price of CAD$4.00 per Subscription Receipt for aggregate gross proceeds to the Company of CAD$24,500,000. 

“Private Placement Shareholders” means the holders of Company Shares that acquired their Company Shares pursuant to the
Private Placement. 
 “Qualifying Transaction” shall have the meaning ascribed to such term in TSXV Policy 2.4 - Capital
Pool Companies. 
 “Resulting Issuer” has the meaning given to the term in Section 2.5 hereof. 

“Resulting Issuer Class B Shares” means the Class B restricted voting convertible shares in the capital of the Resulting
Issuer. 
 “Resulting Issuer Common Shares” means the common shares in the capital of the Resulting Issuer. 

“Resulting Issuer Options” means the common share purchase options of the Resulting Issuer for which Agents’ Options and
Company Options shall be exchanged as provided in Section 2.3 hereof, with each such Resulting Issuer Option having the same economic value as an Agent Option or Company Option, as the case may be. 

“Resulting Issuer Shares” means the Resulting Issuer Common Shares and the Resulting Issuer Class B Shares. 

“SEDAR” means the System for Electronic Document Analysis and Retrieval. 

“Share Amendment” means the amendment to the articles of Mira providing for an additional class of shares of Mira, the Mira
Class B Shares, as described in Section 2.2. 
 “Stock Option Plan” means the stock option and incentive plan to be
adopted by Mira, subject to shareholder approval at the Mira Meeting. 

  
 - 7 - 

 “Subco” means Mira Subco Inc., a direct, wholly-owned subsidiary of Mira
incorporated under the DGCL on March 28, 2014 for the sole purpose of effecting the Merger in connection with the Acquisition. 

“Subco Shares” means all of the outstanding common shares in the capital of Subco. 

“Subco2” means Mira Subco LLC, a direct, wholly-owned limited liability company subsidiary of Mira organized under the DLLCA
on March 28, 2014 for the purpose of effecting the Subsequent Merger after the Merger. 
 “Subscription Receipts” means
the subscription receipts of the Company issued under the Private Placement, each automatically convertible into one (1) Company Share for no additional consideration upon satisfaction of the Escrow Release Conditions prior to the Merger. 

“Subsequent Merger” means the merger of Mergeco with and into Subco2. 

“Taxes” means all taxes (including income tax, capital tax, payroll taxes, employer health tax, workers’ compensation
payments, property taxes and land transfer taxes), duties, royalties, levies, imposts, assessments, deductions, charges or withholdings and all liabilities with respect thereto including any penalty and interest payable with respect thereto. 

“Termination Date” has the meaning given to the term in Section 10.1. 

“TSX” means the Toronto Stock Exchange. 

“TSXV” means the TSX Venture Exchange. 

ARTICLE 2 
 TRANSACTION

  

	2.1	Agreement to Merge. 

 Upon the terms and subject to the conditions contained in this
Agreement, the Parties hereby agree that Subco shall merge with and into the Company at Closing and the Company shall survive the merger and shall be Mergeco and that immediately following the Merger on the Effective Date, Mergeco shall merge with
and into Subco2 and Subco2 shall survive the Subsequent Merger and shall be Mergeco2. Mira shall, in its capacity as the sole shareholder of Subco and Subco2, approve the Merger and Subsequent Merger as soon as reasonably practicable with the intent
that the same shall be completed on or before April 15, 2014. 
  

	2.2	Disclosure Documents. 

  

	 	(a)	 Promptly after the execution of this Agreement, the Company and Mira jointly shall prepare and complete the Filing Statement together with any other
documents required by the BCCA, Applicable Securities Laws and other 

  
 - 8 - 

	 	applicable laws and the rules and policies of the TSX and TSXV in connection with the Mira Meeting and the Acquisition, and Mira shall, as promptly as reasonably practicable after obtaining the approval of the TSX and
TSXV, if required, cause the Filing Statement to be filed on SEDAR. 

  

	 	(b)	Mira represents and warrants that the Mira Meeting Materials do and the Filing Statement will comply in all material respects with all applicable laws (including Applicable Securities Laws), and, without limiting the
generality of the foregoing, that the Mira Meeting Materials and Filing Statement shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements contained
therein not misleading in light of the circumstances in which they are made (provided that Mira shall not be responsible for the accuracy of any information relating to the Company or the Resulting Issuer that is furnished in writing by the Company
for inclusion in the Filing Statement). 

  

	 	(c)	The Company represents and warrants that any information or disclosure relating to the Company or the Resulting Issuer that is furnished in writing by the Company for inclusion in the Filing Statement (the
“Company Filing Statement Disclosure”) will comply in all material respects with all applicable laws (including Applicable Securities Laws), and, without limiting the generality of the foregoing, that the Company Filing Statement
Disclosure shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements contained therein not misleading in light of the circumstances in which they are
made. 

  

	 	(d)	Promptly after the execution of this Agreement, the Company shall prepare and complete the Company Shareholder Materials together with any other documents required by the DGCL in connection with the Company Approval,
and the Company shall, as promptly as reasonably practicable after the date hereof cause the Company Shareholder Materials and other documentation required in connection with the Company Approval to be sent to each shareholder of the Company and
other Persons as required by its constating documents and applicable laws, in each case so as to permit the Company Approval to be obtained on or before April 14, 2014. 

 

	 	(e)	The Company shall ensure that the Company Shareholder Materials comply in all material respects with all applicable laws, and, without limiting the generality of the foregoing, that the Company Shareholder Materials
shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements contained therein not misleading in light of the circumstances in which they are made.

  

	 	(f)	The Company, Mira and their respective legal counsel shall be given a reasonable opportunity to review and comment on drafts of the Company Shareholder Materials and the Filing Statement and other documents related
thereto, and reasonable consideration shall be given to any comments made by the Company, 

	 	

  
 - 9 - 

	 	
Mira and their respective counsel, provided that all information relating solely to Mira included in the Mira Meeting Materials, the Filing Statement or the Company Shareholder Materials, as the
case may be, shall be in form and content satisfactory to Mira, acting reasonably, and all information relating solely to the Company included in the Mira Meeting Materials, the Filing Statement or the Company Shareholder Materials, as the case may
be, shall be in form and content satisfactory to the Company, acting reasonably. 

  

	 	(g)	Mira and the Company shall promptly notify each other if at any time before the date of the Mira Meeting in respect of the Mira Meeting Materials, the date of filing in respect of the Filing Statement or the date of the
Company Approval in respect of the Company Shareholder Materials, either party becomes aware that the Mira Meeting Materials, the Filing Statement or the Company Shareholder Materials, as the case may be, contains an untrue statement of a material
fact or omits to state a material fact required to be stated therein or necessary to make the statements contained therein not misleading in light of the circumstances in which they are made, or that otherwise requires an amendment or supplement to
the Mira Meeting Materials, the Filing Statement or the Company Shareholder Materials, as the case may be, and the Parties shall cooperate in the preparation of any amendment or supplement to such documents, as the case may be, as required or
appropriate. 

  

	 	(h)	Mira represents, warrants, covenants and agrees with the Company that Mira: 

  

	 	(i)	has mailed to its shareholders the Mira Meeting Materials in accordance with its constating documents and applicable laws; 

  

	 	(ii)	subject to applicable law (including in the event quorum is not satisfied) will not, without the prior written consent of the Company, adjourn, postpone or delay the Mira Meeting and, if requested by the Company in
writing, Mira will adjourn, postpone or delay the Mira Meeting; 

  

	 	(iii)	prior to the Closing, will effect the Consolidation, Name Change and Share Amendment, subject to obtaining the requisite shareholder approval and the prior written consent of the Company; 

 

	 	(iv)	except for non-substantive communications, will furnish promptly to the Company a copy of each notice, report, schedule or other document delivered, filed or received by it in connection with: (i) the Merger and
the Subsequent Merger; (ii) the Consolidation; (iii) the Share Amendment; (iv) any filings under Applicable Securities Laws; and (v) any dealings with regulatory agencies in connection with the transactions contemplated herein;
and 

  

	 	(v)	will immediately notify the Company of any legal or governmental action, suit, judgment, investigation, injunction, complaint, action, suit, motion, judgement, regulatory investigation, regulatory proceeding or similar
proceeding by any Person, Governmental Authority or other regulatory body, whether actual or threatened, with respect to the Acquisition or which could otherwise delay or impede the transactions contemplated hereby. 

  
 - 10 - 

	2.3	Merger Events. 

 Upon the terms and subject to the conditions set forth in this
Agreement, at the Effective Time: 
  

	 	(a)	each Company Share issued and outstanding immediately prior to the Effective Time (on a post-Company Consolidation basis) shall be exchanged by each holder thereof, other than the Applicable U.S. Shareholders, for one
(1) fully paid and non-assessable Resulting Issuer Common Share; 

  

	 	(b)	each Company Share issued and outstanding immediately prior to the Effective Time (on a post-Company Consolidation basis) and held by an Applicable U.S. Shareholder shall be exchanged by each holder thereof for
0.27257527 fully paid and non-assessable Resulting Issuer Common Shares and 0.72742473 fully paid and non-assessable Resulting Issuer Class B Shares; 

 

	 	(c)	each Company Share exchanged for one (1) fully paid and non-assessable Resulting Issuer Common Share in accordance with subsection 2.3(a) hereof shall be cancelled; 

 

	 	(d)	each Company Share exchanged for 0.27257527 fully paid and non-assessable Resulting Issuer Common Shares and 0.72742473 fully paid and non-assessable Resulting Issuer Class B Shares in accordance with subsection 2.3(b)
hereof shall be cancelled; 

  

	 	(e)	each Subco Share issued and outstanding immediately prior to the Effective Time shall be exchanged for one (1) Mergeco share; 

 

	 	(f)	each Agent Option and Company Option outstanding immediately prior to the Effective Time (on a post-Company Consolidation basis) shall be exchanged for one (1) Resulting Issuer Option; 

 

	 	(g)	all Agents’ Options and Company Options exchanged for Resulting Issuer Options in accordance with subsection 2.3(f) hereof shall be cancelled; and 

 

	 	(h)	Mergeco shall be a wholly-owned subsidiary of Mira. 

  
 - 11 - 

	2.4	Share Certificates. 

 On the Effective Date: 

 

	 	(a)	the original share certificate of Subco registered in the name of Mira shall be cancelled and Mira shall be issued a share certificate for the number of Mergeco shares to be issued to Mira as provided in
Section 2.3 hereof; 

  

	 	(b)	certificates or other evidence representing the Company Shares, Agents’ Options and Company Options shall cease to represent any claim upon or interest in the Company other than the right of the holder to receive,
pursuant to the terms hereof, Resulting Issuer Shares and Resulting Issuer Options in accordance with Section 2.3 hereof; 

  

	 	(c)	the original share certificate of Subco2 registered in the name of Mira shall be cancelled and Mira shall be issued a share certificate for the number of Mergeco2 shares to be issued to Mira pursuant to the Subsequent
Merger; and 

  

	 	(d)	upon the delivery and surrender by the holder thereof to the Resulting Issuer of certificates representing Company Shares and Agents’ Options, which have been exchanged for Resulting Issuer Shares and Resulting
Issuer Options in accordance with the provisions of Section 2.3 hereof, the Resulting Issuer shall on the Effective Date, or as soon as practicable thereafter, following the date of receipt by the Resulting Issuer of the certificates referred
to above, deliver to each such holder certificates representing the number of Resulting Issuer Shares and Resulting Issuer Options to which such holder is entitled or other evidence of ownership. 

 

	2.5	Resulting Issuer. 

 Subject to the approval of the holders of Mira Common Shares, Mira,
upon completion of the Merger to be known as Northern Power Systems Corp. (the “Resulting Issuer”), will have a minimum of three (3) and a maximum of nine (9) directors and the following will be the directors and officers
of the Resulting Issuer: 
 Directors 

Troy Patton 

Marcus D. Baker 

Alexander Ellis III 

Richard Hokin 

William F. Leimkuhler 

John Simon 

Robert Lentz 

Kevin Taylor 

Officers 
  

			
	 Name
	 	 Title

		
	Troy Patton	 	Chief Executive Officer and President
	Ciel Caldwell	 	Chief Financial Officer
	Jonathan Lynch	 	Chief Technology Officer
	Elliot Mark	 	Vice President and General Counsel and Secretary

  
 - 12 - 

	2.6	Merged Corporation. 

 Unless otherwise determined in accordance with applicable law by
Mergeco or its shareholders, the following provisions will apply: 
  

	 	(a)	Number of Directors. The board of directors of Mergeco shall consist of a minimum of three (3) directors and a maximum of nine (9) directors. The directors of Mergeco from time to time shall be
empowered to determine the number of directors of Mergeco within the minimum and maximum number set out in the Articles of Incorporation of Mergeco, as amended from time to time. 

 

	 	(b)	Officers and Directors. As of the Effective Time, the initial directors of Mergeco shall be the same as the Resulting Issuer. As of the Effective Time, the initial officers of Mergeco and their titles shall be
the same as the Resulting Issuer. 

  

	 	(c)	Fiscal Year. The fiscal year end of Mergeco shall be December 31 in each year, until changed by resolution of the Board of Directors. 

 

	 	(d)	Name. The name of Mergeco shall be Wind Power Holdings, Inc. or such other name as agreed to by the Parties. 

  

	 	(e)	Registered Office. The registered office of Mergeco shall be the registered office of the Company. 

  

	 	(f)	Authorized Capital. The authorized capital of Mergeco shall be the authorized capital of Subco as provided in its Articles of Incorporation. 

 

	 	(g)	Articles of Incorporation and By-laws. The Articles of Incorporation and the By-laws of Mergeco shall be the Articles of Incorporation and By-laws of Subco with any amendments thereto as may be necessary to give
effect to this Agreement. 

  

	 	(h)	Business and Powers. There shall be no restriction on the business that Mergeco may carry on or on the powers that Mergeco may exercise. 

 

	2.7	Fractional Shares. 

 No fractional Resulting Issuer Shares will be issued or delivered
pursuant to the Merger, rather each holder of fractional shares shall be paid the fair value therefor in cash. In calculating such fractional interests, all securities of the Resulting Issuer registered in the name of, or beneficially held, by a
securityholder or their nominee shall be aggregated. 

  
 - 13 - 

	2.8	Effect of Merger. 

 At the Effective Time: 

 

	 	(a)	Subco shall merge with and into the Company under the DGCL with the Company continuing as the surviving company subsequent to the Merger in accordance with the terms and conditions prescribed in this Agreement;

  

	 	(b)	all of the property, assets, rights and privileges of Subco shall become the property, assets, rights and privileges of the Company, and all of the liabilities and obligations of Subco shall become the liabilities and
obligations of the Company, which will thereafter be referred to as Mergeco; 

  

	 	(c)	the Articles of Incorporation and the By-laws of the Subco are deemed to be the Articles of Incorporation and the By-laws of Mergeco; and 

 

	 	(d)	the officers and directors of Mergeco shall be those individuals described in subsection 2.6(b) hereof. 

  

	2.9	Mergeco2. 

 Unless otherwise determined in accordance with applicable law by Mergeco2 or
its shareholders, the following provisions will apply: 
  

	 	(a)	Number of Managers. The members of Mergeco2 from time to time shall be empowered to determine the number of managers of Mergeco2. 

 

	 	(b)	Officers and Managers. As of the Effective Time, the initial managers of Mergeco2 shall be the same as the directors of the Resulting Issuer. At the Effective Time, the initial officers of Mergeco2 and their
titles shall be the same as the Resulting Issuer. 

  

	 	(c)	Fiscal Year. The fiscal year end of Mergeco2 shall be December 31. 

  

	 	(d)	Name. The name of Mergeco2 shall be Wind Power Holdings LLC or such other name as agreed to by the Parties. 

  

	 	(e)	Registered Office. The registered office of Mergeco2 shall be the registered office of the Company. 

  

	 	(f)	Authorized Capital. The authorized capital of Mergeco2 shall be the authorized capital of Subco2 as provided in the Limited Liability Company Agreement of Subco2. 

 

	 	(g)	Certificate of Formation and Limited Liability Company Agreement. The Certificate of Formation and Limited Liability Company Agreement of Mergeco2 shall be the Certificate of Formation and Limited Liability
Company Agreement of Subco2. 

  

	 	(h)	Business and Powers. There shall be no restriction on the business that Mergeco2 may carry on or on the powers that Mergeco2 may exercise. 

  
 - 14 - 

	2.10	Effect of Subsequent Merger. 

 Immediately following the Effective Time on the Effective
Date: 
  

	 	(a)	Mergeco shall merge with and into Subco2 under Applicable Delaware Law with Subco2 being the continuing company subsequent to the Subsequent Merger in accordance with the terms and conditions prescribed in this
Agreement; 

  

	 	(b)	all of the property, assets, rights and privileges of Mergeco shall become the property, assets, rights and privileges of Subco2, and all of the liabilities and obligations of Mergeco shall become the liabilities and
obligations of Subco2, which will thereafter be referred to as Mergeco2; 

  

	 	(c)	the Certificate of Formation and Limited Liability Company Agreement of Subco2 are deemed to be the Certificate of Formation and Limited Liability Company Agreement of Mergeco2; and 

 

	 	(d)	the officers and managers of Mergeco2 shall be those individuals described in subsection 2.9(b) hereof. 

  

	2.11	Filing of Articles. 

 Following the approval of the shareholders of (i) the Merging
Companies to the Merger and (ii) Mergeco and Subco2 to the Subsequent Merger and subject to the satisfaction or waiver of all of the conditions precedent set forth herein, the Company, Subco and Subco2, as applicable, shall file the
Certificates of Merger and such other documents as required under the Applicable Delaware Law to effect the Merger and Subsequent Merger pursuant to Applicable Delaware Law. 
  

	2.12	U.S. Tax Treatment. 

 This Agreement is intended to constitute a “plan of
reorganization” within the meaning of Treasury Regulation Section 1.368-2(g). Each Party agrees (a) that it shall treat the Merger and the Subsequent Merger as a single integrated transaction (in which the Company merged directly with
and into Mira) for U.S. federal income tax purposes, (b) that it shall report the Merger and the Subsequent Merger as a single integrated transaction that qualifies as a “reorganization” within the meaning of Section 368(a)(1) of
the Code and IRS Revenue Ruling 2001-46, 2001 C.B. 321 on its United States Tax Returns, (c) that the Company, Mira and Subco are “parties to a reorganization” within the meaning of Section 368(b) of the Code, (d) that it
shall retain such records and file such information as is required to be retained and filed pursuant to Treasury Regulation Section 1.368-3 in connection with the Merger and the Subsequent Merger, and (d) that it shall otherwise use its
best efforts to cause the Merger and the Subsequent Merger, considered together as a single integrated transaction for United States federal income tax purposes, to qualify as a “reorganization” within the meaning of
Section 368(a)(1)(A) of the Code. In connection with the Merger and the Subsequent Merger, the Parties agree to treat Mira 

  
 - 15 - 

 
as a United States domestic corporation for U.S. federal income tax purposes under Section 7874(b) of the Code. Each of the Parties agrees that, immediately after the Merger and the
Subsequent Merger, Mergeco2 will be an entity disregarded as separate from the Resulting Issuer for U.S. federal income tax purposes. No Party shall take any action, fail to take any action, cause any action to be taken or cause any action to fail
to be taken that could reasonably be expected to prevent (1) the Merger and the Subsequent Merger, considered together as a single integrated transaction, from qualifying as a “reorganization” within the meaning of
Section 368(a)(1) of the Code or (2) Mira from being treated as a United States domestic corporation for U.S. federal income tax purposes under Section 7874(b) of the Code. Each Party hereto agrees to act in good faith, consistent
with the intent of the Parties and the intended treatment of the Acquisition as set forth in this Section 2.12. 
 ARTICLE 3 

REPRESENTATIONS AND WARRANTIES OF MIRA 
  

	3.1	Representations and Warranties of Mira. 

 Mira represents and warrants to and in favour
of the Company as follows, and acknowledges that the Company is relying upon such representations and warranties in connection with the completion of the transactions contemplated herein: 

 

	 	(a)	Each of Mira and Subco is a corporation incorporated and validly existing under the laws of the jurisdiction of its incorporation, Subco2 is a limited liability company organized and validly existing under the laws of
Delaware. In each case, each such entity has all requisite corporate or limited liability company power and authority and is duly qualified and holds all material permits, licences, registrations, permits, qualifications, consents and authorizations
necessary or required to carry on its business as now conducted and to own, lease or operate the Mira Assets, as applicable, and neither Mira nor, to the knowledge of Mira, any other Person, has taken any steps or proceedings, voluntary or
otherwise, requiring or authorizing the dissolution or winding up of Mira or a Mira Subsidiary, and Mira and the Mira Subsidiaries have all requisite corporate or limited liability company power and authority to enter into this Agreement and to
carry out their obligations hereunder. 

  

	 	(b)	The authorized capital of Mira consists of an unlimited number of Mira Common Shares, of which 12,500,000 Mira Common Shares are issued and outstanding as fully paid and non-assessable shares in the capital of Mira.

  

	 	(c)	Other than the Mira Subsidiaries, Mira has no direct or indirect subsidiaries nor any investment in any Person or any agreement, option or commitment to acquire any such investment. All of the issued and outstanding
securities of each Mira Subsidiary are held by Mira. 

  

	 	(d)	Mira is a “reporting issuer” as that term is defined under Applicable Securities Laws in Alberta and British Columbia and is not in default of the requirements of the Applicable Securities Laws in such
jurisdictions. 

  
 - 16 - 

	 	(e)	Mira is in compliance in all material respects with all of the policies and rules of the TSXV. 

  

	 	(f)	Mira has filed all forms, reports, documents and information required to be filed by it, whether pursuant to Applicable Securities Laws or otherwise, with the applicable securities commissions (the “Disclosure
Documents”) and Mira does not have any confidential filings with any securities authorities. As of the time the Disclosure Documents were filed with the applicable securities regulators and on SEDAR (System for Electronic Document Analysis
and Retrieval)(or, if amended or superseded by a filing prior to the date of this Agreement, then on the date of such filing): (i) each of the Disclosure Documents complied in all material respects with the requirements of the Applicable
Securities Laws in the jurisdictions they were filed; and (ii) none of the Disclosure Documents contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make
the statements therein, in light of the circumstances under which they were made, not misleading. 

  

	 	(g)	Mira has been conducting its business in compliance in all material respects with all applicable laws and regulations of each jurisdiction in which it carries on business and has not received a notice of non-compliance,
and, to the knowledge of Mira, there are no facts that would give rise to a notice of noncompliance with any such laws and regulations. 

  

	 	(h)	No consent, approval, order or authorization of, or registration, declaration or filing with, any third party or governmental entity is required by or with respect to Mira in connection with the execution and delivery
of this Agreement by Mira, the performance of its obligations hereunder or the consummation by Mira of the transactions contemplated hereby other than: (i) the approval of the Merger as Mira’s Qualifying Transaction by the TSXV;
(ii) the approval of the Mira Meeting Matters by the shareholders of Mira; (iii) filing of articles of amendment to reflect the Mira Meeting Matters, as applicable, and the Name Change; and (iv) any other consents, notice, approvals,
orders, authorizations, registrations, declarations or filings which, if not obtained or made, would not, individually or in the aggregate, have a Material Adverse Effect on Mira or prevent or materially impair Mira’s ability to perform its
obligations hereunder. 

  

	 	(i)	Each of Kevin Taylor, Ron Schmeichel and Lee Pettigrew have agreed to vote the Mira Shares held by them in favour of the Mira Meeting Matters. 

 

	 	(j)	 Each of the execution and delivery of this Agreement, the performance by each of Mira, Subco and Subco2 of its obligations hereunder and the
consummation of the transactions contemplated in this Agreement, including the Merger and the Subsequent Merger and the issue of the Resulting Shares and Resulting Issuer Options upon the Merger, do not and will not conflict with or result in a
breach or violation of any of the terms or provisions of, or constitute a default under, (whether after notice or lapse of time or both), (i) any statute, rule or regulation applicable to Mira, Subco or Subco2 including Applicable Securities
Laws; (ii) 

  
 - 17 - 

	 	
the constating documents, by-laws or resolutions of Mira, Subco or Subco2 other than as will be remedied upon the filing of the articles of amendment to reflect the Meeting Matters and Name
Change; (iii) any mortgage, note, indenture, contract, agreement, joint venture, partnership, instrument, lease or other document to which Mira, Subco or Subco2 is a party or by which it is bound; or (iv) any judgment, decree or order
binding Mira, Subco or Subco2 or their assets. 

  

	 	(k)	This Agreement has been duly authorized and executed by Mira, Subco and Subco2 and constitutes a valid and binding obligation of each of them and shall be enforceable against each of them in accordance with its terms,
except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws relating to or affecting the rights of creditors generally and except as limited by the application of equitable principals when
equitable remedies are sought, and by the fact that rights to indemnity, contribution and waiver, and the ability to sever unenforceable terms, may be limited by applicable law. 

 

	 	(l)	Other than this Agreement, Mira is not currently party to any agreement in respect of: (i) the purchase of any property or assets or any interest therein or the sale, transfer or other disposition of any property
or assets or any interest therein currently owned, directly or indirectly, by Mira whether by asset sale, transfer of shares or otherwise; or (ii) the change of control of Mira (whether by sale or transfer of shares or sale of all or
substantially all of the Mira Assets or otherwise). 

  

	 	(m)	The letter of intent between Mira and Haivision Systems Inc. (“Haivision”) dated August 2, 2013 has been terminated effective October 31, 2013 and Mira does not have any outstanding
liabilities or obligations to Haivision or any other person or entity pursuant to such letter of intent or any other proposed or contemplated Qualifying Transaction or related agreements. 

 

	 	(n)	Mira’s Financial Statements have, in each case, been prepared in accordance with IFRS consistently applied throughout the periods referred to therein and present fairly, in all material respects, the financial
position (including the assets and liabilities, whether absolute, contingent or otherwise as required by IFRS) of Mira as at such dates and the results of its operations and its cash flows for the periods then ended and contain and reflect adequate
provisions or allowance for all reasonably anticipated liabilities, expenses and losses of Mira in accordance with IFRS and there has been no change in accounting policies or practices of Mira since December 31, 2013. 

 

	 	(o)	Mira is a taxable Canadian corporation for Canadian tax purposes and all Taxes due and payable or required to be collected or withheld and remitted, by Mira and its subsidiaries have been paid, collected or withheld and
remitted as applicable. All tax returns, declarations, remittances and filings required to be filed by Mira and its subsidiaries have been filed with all appropriate Governmental Authorities and all such returns, declarations, remittances and
filings are complete and 

  
 - 18 - 

	 	
accurate and no material fact or facts have been omitted therefrom which would make any of them misleading. Mira has not received notice of any examination of any tax return of Mira or its
subsidiaries, and to the knowledge of Mira, no such examination is currently in progress by any Governmental Authority and there are no issues or disputes outstanding with any Governmental Authority respecting any Taxes that have been paid, or may
be payable, by Mira or its subsidiaries. There are no agreements, waivers or other arrangements with any taxation authority providing for an extension of time for any assessment or reassessment of Taxes with respect to Mira and its subsidiaries.

  

	 	(p)	Mira has established on its books and records reserves that are adequate for the payment of all Taxes not yet due and payable and there are no liens for Taxes on the Mira Assets and its subsidiaries, and there are no
audits pending of the tax returns of Mira or its subsidiaries (whether federal, state, provincial, local or foreign) and there are no claims which have been asserted relating to any such tax returns. 

 

	 	(q)	Mira’s Auditors who audited Mira’s Financial Statements are independent public accountants. 

  

	 	(r)	No holder of outstanding Mira Common Shares is entitled to any pre-emptive or any similar rights to subscribe for any Mira Common Shares or other securities of Mira and, other than pursuant to the Mira Options, no
rights to acquire, or instruments convertible into or exchangeable for, any securities in the capital of Mira or a Mira Subsidiary are outstanding. 

  

	 	(s)	No third party has any ownership right, title, interest in, claim in, lien against or any other right to the Mira Assets purported to be owned by Mira. 

 

	 	(t)	No legal or governmental actions, suits, judgments, investigations or proceedings are pending to which Mira or its subsidiaries, or to the knowledge of Mira, the directors, officers or employees of Mira or its
subsidiaries are a party or to which the Mira Assets are subject and, to the knowledge of Mira, no such proceedings have been threatened against or are pending with respect to Mira or its subsidiaries, or with respect to the Mira Assets and neither
Mira nor its subsidiaries is subject to any judgment, order, writ, injunction, decree or award of any Governmental Authority. 

  

	 	(u)	Mira is not in violation of its constating documents or in default in the performance or observance of any material obligation, agreement, covenant or condition contained in any contract to which it is a party or by
which it or its property may be bound. 

  

	 	(v)	Mira’s initial public offering of common shares, completed on April 24, 2012 pursuant to a prospectus dated March 21, 2012, was completed in accordance with Applicable Securities Laws and the rules and
policies of the TSXV. 

  
 - 19 - 

	 	(w)	None of Mira, Subco or Subco2 are party to any material contract, written or oral, or any other contract, written or oral, involving an amount in excess of $5,000 other than: 

 

	 	(i)	this Agreement; 

  

	 	(ii)	a registrar and transfer agency agreement dated as of March 21, 2012 between Mira and Equity Financial Trust Company; 

  

	 	(iii)	an agency agreement dated as of March 21, 2012 between Mira and Macquarie Private Wealth Inc. in connection with the initial public offering of Mira; 

 

	 	(iv)	an escrow agreement dated March 21, 2012 pursuant to which Mira Common Shares held by certain seed investors are held in escrow by Equity Financial Trust Company; 

 

	 	(v)	agreements evidencing the Mira Options; and 

  

	 	(vi)	the Agency Agreement. 

  

	 	(x)	All contracts specified in subsection 3.1(w) (the “Mira Contracts”) are in good standing in all material respects and in full force and effect. 

 

	 	(y)	Neither Mira nor, to the knowledge of Mira, any other party thereto is in material default or breach of any Mira Contract and, to the knowledge of Mira, there exists no condition, event or act which, with the giving of
notice or lapse of time or both would constitute a material default or breach under any Mira Contract which would give rise to a right of termination on the part of any other party to a Mira Contract. 

 

	 	(z)	Except for the trading halt imposed by the TSXV on January 16, 2014 following disclosure by Mira of the Acquisition, no order, ruling or determination having the effect of suspending the sale or ceasing the trading
in any securities of Mira (including the Mira Common Shares) has been issued by any regulatory authority and is continuing in effect and no proceedings for that purpose have been instituted or, to the knowledge of Mira, are pending, contemplated or
threatened by any regulatory authority. 

  

	 	(aa)	Mira is not a party to any agreement, nor, to the knowledge of Mira, is there any shareholders agreement or other contract which in any manner affects the voting control of any of the securities of Mira or a Mira
Subsidiary. 

  

	 	(bb)	There is no agreement, plan or practice of Mira relating to the payment of any management, consulting, service or other fee or any bonus, pensions, share of profits or retirement allowance, insurance, health or other
employee benefit other than in the ordinary course of business or in respect of professional service fees. 

  
 - 20 - 

	 	(cc)	Mira has no, and since incorporation has not had any, employees. There are no employment contracts, agreements or engagements, either oral or written, with any director or officer of Mira. 

 

	 	(dd)	None of the directors or officers of Mira or any associate or Affiliate of any of the foregoing has any interest, direct or indirect, in any transaction or any proposed transaction with Mira that materially affects, is
material to or will materially affect Mira. Mira is not indebted to: (i) any director, officer or shareholder of Mira (other than in respect of the reimbursement of expenses incurred on behalf of Mira in the ordinary course of business);
(ii) any individual related to any of the foregoing by blood, marriage or adoption; or (iii) any corporation controlled, directly or indirectly, by any one or more of those Persons referred to in this subsection 3.1(dd). None of those
Persons referred to in this subsection 3.1(dd) is indebted to Mira. Except as disclosed by Mira to the Company in writing, Mira is not currently a party to any contract, agreement or understanding with any officer, director, employee, shareholder or
any other Person not dealing at arm’s length with Mira. 

  

	 	(ee)	Mira has no insurance policies in place. 

  

	 	(ff)	The minute books and records of Mira and the Mira Subsidiaries made available to the Company in connection with the due diligence investigation of Mira and the Mira Subsidiaries for the period from the date of
incorporation to the date hereof are all of the minute books of Mira and the Mira Subsidiaries and contain copies of all proceedings (or certified copies thereof or drafts thereof pending approval) of the shareholders, the directors and all
committees of directors of Mira and the Mira Subsidiaries to the date hereof and there have been no other meetings, resolutions or proceedings of the shareholders, directors or any committees of the directors of Mira or a Mira Subsidiary to the date
hereof not reflected in such minute books. 

  

	 	(gg)	There is no Person acting at the request or on behalf of Mira that is entitled to any brokerage or finder’s fee or other compensation in connection with the transactions contemplated by this Agreement.

 ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY 
  

	4.1	Representations and Warranties of the Company. 

 The Company represents and warrants to
and in favour of Mira as follows, and acknowledges that Mira is relying upon such representations and warranties in connection with the completion of the transactions contemplated herein: 

 

	 	(a)	 Each of the Company and the Company Subsidiaries is a corporation incorporated and validly existing under the laws of the jurisdiction of its
incorporation and has all requisite corporate power and corporate authority and is duly qualified and holds all material permits, licences, registrations, permits, qualifications, consents

  
 - 21 - 

	 	
and authorizations necessary or required to carry on its business as now conducted and to own, lease or operate its Assets and neither the Company nor, to the knowledge of the Company, any other
Person, has taken any steps or proceedings, voluntary or otherwise, requiring or authorizing the dissolution or winding up of the Company or any Company Subsidiary, and the Company has all requisite corporate power and corporate authority to enter
into this Agreement and to carry out its obligations hereunder. 

  

	 	(b)	The authorized capital of the Company prior to the Company Consolidation consists of (i) 44,000,000 Company Common Shares of which, prior to giving effect to the conversion of Subscription Receipts into 6,215,000
Company Common Shares and the conversion of Company Notes into 3,384,755 Company Common Shares immediately prior to the Merger, 20,000,075 Common Shares are issued and outstanding as fully paid and non-assessable shares in the capital of the
Company; and (ii) 6,000,000 preferred shares of which none are issued and outstanding as of the date hereof. 

  

	 	(c)	Other than the Company Subsidiaries, the Company has no direct or indirect subsidiaries nor any investment in any Person or any agreement, option or commitment to acquire any such investment. All of the issued and
outstanding securities of each Company Subsidiary are held by the Company or another Company Subsidiary. 

  

	 	(d)	Each of the Company and the Company Subsidiaries has been conducting its business in compliance in all material respects with all applicable laws and regulations of each jurisdiction in which it carries on business and
has not received a notice of material non-compliance, and, to the knowledge of the Company, there are no facts that would give rise to a notice of material noncompliance with any such laws and regulations. 

 

	 	(e)	Other than the occurrence of the Escrow Release Conditions for the release of the net proceeds of the Private Placement, no consent, approval, order or authorization of, or registration, declaration or filing with, any
third party or governmental entity is required by or with respect to the Company or the Company Subsidiary in connection with the execution and delivery of this Agreement by the Company, the performance of its obligations hereunder or the
consummation by the Company of the transactions contemplated hereby other than: (i) the approval of the Merger and the Subsequent Merger and the Company Consolidation by the shareholders of the Company and the approval of the Merger and the
Subsequent Merger under Applicable Delaware Law; and (ii) any other consents, notice, approvals, orders, authorizations, registrations, declarations or filings which, if not obtained or made, would not, individually or in the aggregate, have a
Material Adverse Effect on the Company or prevent or materially impair the Company’s ability to perform its obligations hereunder. 

  

	 	(f)	 Each of the execution and delivery of this Agreement, the performance by the Company of its obligations hereunder and the consummation of the
transactions 

  
 - 22 - 

	 	
contemplated in this Agreement, including the Merger and the Subsequent Merger, do not and will not conflict with or result in a breach or violation of any of the terms or provisions of, or
constitute a default under, (whether after notice or lapse of time or both), (i) any statute, rule or regulation applicable to the Company or a Company Subsidiary, including Applicable Securities Laws; (ii) the constating documents,
by-laws or resolutions of the Company or a Company Subsidiary which are in effect at the date hereof; (iii) any mortgage, note, indenture, contract, agreement, joint venture, partnership, instrument, lease or other document to which the Company
or a Company Subsidiary is a party or by which it is bound; or (iv) any judgment, decree or order binding the Company, a Company Subsidiary or the Assets. 

  

	 	(g)	This Agreement has been duly authorized and executed by the Company and constitutes a valid and binding obligation of the Company and shall be enforceable against the Company in accordance with its terms, except as
enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws relating to or affecting the rights of creditors generally and except as limited by the application of equitable principals when equitable
remedies are sought, and by the fact that rights to indemnity, contribution and waiver, and the ability to sever unenforceable terms, may be limited by applicable law. 

 

	 	(h)	Other than this Agreement and except as disclosed by the Company in writing to Mira, neither the Company nor a Company Subsidiary is currently party to any agreement in respect of: (i) the purchase of any material
property or assets or any interest therein or the sale, transfer or other disposition of any material Assets or any interest therein currently owned, directly or indirectly, by the Company whether by asset sale, transfer of shares or otherwise; or
(ii) the change of control of the Company (whether by sale or transfer of shares or sale of all or substantially all of the Assets of the Company or otherwise). 

 

	 	(i)	The Company’s Financial Statements and the interim consolidated financial statements of the Company for the period ended September 30, 2013 have, in each case, been prepared in accordance with GAAP
consistently applied throughout the periods referred to therein and present fairly, in all material respects, the financial position (including the assets and liabilities, whether absolute, contingent or otherwise as required by GAAP) of the Company
as at such dates and the results of its operations and its cash flows for the periods then ended and contain and reflect adequate provisions or allowance for all reasonably anticipated liabilities, expenses and losses of the Company in accordance
with GAAP and there has been no change in accounting policies or practices of the Company since September 30, 2013. 

  

	 	(j)	 The Company is a taxable U.S. corporation for U.S. federal income tax purposes and all Taxes due and payable or required to be collected or withheld
and remitted, by the Company and its subsidiaries have been paid, collected or withheld and remitted as applicable, except for where the failure to pay such 

  
 - 23 - 

	 	
Taxes would not have a Material Adverse Effect. Except to the extent that failure to do so would not have a Material Adverse Effect, all tax returns, declarations, remittances and filings
required to be filed by the Company and its subsidiaries have been filed with all appropriate Governmental Authorities and all such returns, declarations, remittances and filings are complete and accurate and no material fact or facts have been
omitted therefrom which would make any of them misleading. The Company has not received notice of any examination of any tax return of the Company or any Company Subsidiary, and to the knowledge of the Company, no examination of any tax return of
the Company or any Company Subsidiary is currently in progress by any Governmental Authority and there are no issues or disputes outstanding with any Governmental Authority respecting any Taxes that have been paid, or may be payable, by the Company
or any Company Subsidiary. There are no agreements, waivers or other arrangements with any taxation authority providing for an extension of time for any assessment or reassessment of Taxes with respect to the Company or any Company Subsidiary.

  

	 	(k)	The Company has established on its books and records reserves that are adequate for the payment of all Taxes not yet due and payable and there are no liens for Taxes on the assets of the Company or any Company
Subsidiary that are material, and there are no audits pending of the tax returns of the Company or any Company Subsidiary (whether federal, state, provincial, local or foreign) and there are no claims which have been asserted relating to any such
tax returns, which audits and claims, if determined adversely, would result in the assertion by any governmental agency of any deficiency that would result in a Material Adverse Effect. 

 

	 	(l)	The Company’s Auditors who audited the Company’s Financial Statements are independent public accountants. 

  

	 	(m)	Except as disclosed in writing to Mira by the Company, no holder of outstanding shares in the capital of the Company is entitled to any pre-emptive or any similar rights to subscribe for any Company Common Shares or
other securities of the Company and, other than pursuant to the Company Options, the Agents’ Options, the Company Notes and the Subscription Receipts, no rights to acquire, or instruments convertible into or exchangeable for, any securities in
the capital of the Company or a Company Subsidiary are outstanding. 

  

	 	(n)	Except as disclosed in writing to Mira by the Company, no legal or governmental actions, suits, judgments, investigations or proceedings are pending to which the Company or any Company Subsidiary, or to the knowledge of
the Company, the directors, officers or employees of the Company or any Company Subsidiary are a party or to which the Assets of the Company or its subsidiaries are subject and, to the knowledge of the Company, no such proceedings have been
threatened against or are pending with respect to the Company or any Company Subsidiary, or with respect to their Assets and neither the Company nor any Company Subsidiary is subject to any judgment, order, writ, injunction, decree or award of any
Governmental Authority. 

  
 - 24 - 

	 	(o)	Neither the Company nor any Company Subsidiary is in violation of its constating documents or in default in the performance or observance of any material obligation, agreement, covenant or condition contained in any
contract to which it is a party or by which it or its property may be bound. 

  

	 	(p)	Each of the Company and any Company Subsidiary owns or has the right to use all Assets owned or used in its business, including: (i) all contracts that are material to its business; and (ii) to the knowledge
of the Company, all Assets necessary to enable it to carry on its business as now conducted and as presently proposed to be conducted. 

  

	 	(q)	Except for the Permitted Encumbrances and as disclosed in writing to Mira by the Company, no third party has any ownership right, title, interest in, claim in, lien against or any other right to the Assets purported to
be owned by the Company or the Company Subsidiaries. 

  

	 	(r)	Other than as disclosed in writing to Mira by the Company and except for contracts entered into in the ordinary course of business, none of the Company or any Company Subsidiary are party to any material contract,
written or oral (the “Company Contracts”). All Company Contracts are in good standing in all material respects and in full force and effect. 

  

	 	(s)	Neither the Company nor any Company Subsidiary nor, to the knowledge of the Company, any other party thereto is in material default or breach of any Company Contract and to the knowledge of the Company, there exists no
condition, event or act which, with the giving of notice or lapse of time or both would constitute a material default or breach under any Company Contract which would give rise to a right of termination on the part of any other party thereto or a
Material Adverse Effect on the Company. 

  

	 	(t)	 The Company or a Company Subsidiary owns or has the right to use all of the material Intellectual Property owned or used by the Company and any
Company Subsidiary in its business as of the date hereof. All registrations, if any, and filings necessary to preserve the rights of the Company and any Company Subsidiary in any material Intellectual Property have been made and are in good
standing. Neither the Company nor any Company Subsidiary has pending action or proceeding, nor any threatened action or proceeding, against any Person with respect to the use of any material Intellectual Property, and, to the knowledge of the
Company, there are no circumstances which cast doubt on the validity or enforceability of any material Intellectual Property owned or used by the Company and any Company Subsidiary. The conduct of the Company’s business and any Company
Subsidiary’s business does not, to the knowledge of the Company, infringe upon the intellectual property rights of any other Person. Neither the Company nor any Company Subsidiary has pending action or

  
 - 25 - 

	 	
proceeding, nor, to the knowledge of the Company, is there any threatened action or proceeding against it with respect to the Company or any Company Subsidiary’s use of the Intellectual
Property. 

  

	 	(u)	No order, ruling or determination having the effect of suspending the sale or ceasing the trading in any securities of the Company or a Company Subsidiary has been issued by any regulatory authority and is continuing in
effect and no proceedings for that purpose have been instituted or, to the knowledge of the Company, are pending, contemplated or threatened by any regulatory authority. 

 

	 	(v)	Other than has been disclosed in writing to Mira by the Company, neither the Company nor any Company Subsidiary is a party to any agreement, nor to the knowledge of the Company, is there any shareholders’ agreement
or other contract, which in any manner affects the voting control of any of the securities of the Company or a Company Subsidiary. 

  

	 	(w)	With respect to each premises of the Company which is material to the Company or any Company Subsidiary and which the Company or any Company Subsidiary occupies as tenant (the “Leased Premises”), the
Company or the applicable Company Subsidiary occupies the Leased Premises and has the exclusive right to occupy and use the Leased Premises and each of the leases pursuant to which the Company or Company Subsidiary occupies the Leased Premises is in
good standing and in full force and effect in all material respects. 

  

	 	(x)	Other than as disclosed in writing to Mira by the Company, there is no agreement, plan or practice of the Company or any Company Subsidiary relating to the payment of any management, consulting, service or other fee or
any bonus, pensions, share of profits or retirement allowance, insurance, health or other employee benefit other than in the ordinary course of business. 

  

	 	(y)	Neither the Company nor any Company Subsidiary is a party to or bound by any collective agreement and is not currently conducting negotiations with any labour union or employee association. 

 

	 	(z)	Each of the Company and any Company Subsidiary is in compliance in all material respects with all laws respecting employment and employment practices, terms and conditions of employment, pay equity and wages and has not
and is not engaged in any unfair labour practice. 

  

	 	(aa)	 Other than as disclosed by the Company to Mira in writing, neither the Company nor any Company Subsidiary has any plan for retirement, bonus, stock
purchase, profit sharing, stock option, deferred compensation, severance or termination pay, insurance, medical, hospital, dental, vision care, drug, sick leave, disability, salary continuation, legal benefits, unemployment benefits, vacation,
incentive or otherwise contributed to, or required to be contributed to, by the Company or any Company Subsidiary for the benefit of any current or former director, officer, employee or consultant of the Company or any Company Subsidiary (the

  
 - 26 - 

	 	
“Employee Plans”). Each of the Employee Plans of the Company or any Subsidiary has been maintained in all material respects with its terms and with the requirements prescribed by
any and all statutes, orders, rules and regulations that are applicable to such Employee Plans. 

  

	 	(bb)	Except as disclosed by the Company to Mira in writing, none of the directors, officers or employees of the Company or any Company Subsidiary or any associate or Affiliate of any of the foregoing has any material
interest, direct or indirect, in any material transaction or any proposed material transaction with the Company that materially affects, is material to or will materially affect the Company or any Company Subsidiary. Neither the Company nor any
Company Subsidiary is indebted to: (i) any director, officer or shareholder of the Company or any Company Subsidiary (other than in respect of the reimbursement of expenses incurred on behalf of the Company or applicable Company Subsidiary in
the ordinary course of business); (ii) any individual related to any of the foregoing by blood, marriage or adoption; or (iii) any corporation controlled, directly or indirectly, by any one or more of those Persons referred to in this
subsection 4.1(bb). 

  

	 	(cc)	The insurance policies of the Company and the Subsidiaries are valid and enforceable and in full force and effect, are underwritten by unaffiliated and reputable insurers, are sufficient for all applicable requirements
of law and provide insurance, including liability and product liability insurance, in such amounts and against such risks as is customary for corporations engaged in businesses similar to that carried on by the Company. Neither the Company nor any
Company Subsidiary is in default in any material respect with respect to the payment of any premium or material compliance with any of the provisions contained in any such insurance policy and has not failed to give any notice or present any claim
within the appropriate time therefor. 

  

	 	(dd)	The minute books and records of the Company and the Company Subsidiaries made available to counsel for Mira in connection with the due diligence investigation of the Company for the period from the date of incorporation
to the date hereof are all of the minute books of the Company and the Companies Subsidiaries and contain copies of all proceedings (or certified copies thereof or drafts thereof pending approval) of the shareholders, the directors and all committees
of directors of the Company and the Company Subsidiaries to the date hereof and there have been no other meetings, resolutions or proceedings of the shareholders, directors or any committees of the directors of the Company or the Company
Subsidiaries to the date hereof not reflected in such minute books. 

  

	 	(ee)	The Company and any Company Subsidiary, their Assets and the operation of their businesses, have been and are, to the knowledge of the Company, in compliance in all material respects with all Environmental Laws. The
Company and each Company Subsidiary has complied in all material respects with all reporting and monitoring requirements under all Environmental Laws. Neither the Company nor any Company Subsidiary has ever received any notice of any material
non-compliance in respect of any Environmental Laws. 

  
 - 27 - 

	 	(ff)	Other than the Agents, there is no Person acting at the request or on behalf of the Company or any Company Subsidiary that is entitled to any brokerage or finder’s fee or other compensation in connection with the
transactions contemplated by this Agreement. 

  

	 	(gg)	The draft Filing Statement submitted by Mira to the TSXV on March 31, 2014, as it relates to the Company, does not contain any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements contained therein not misleading in light of the circumstances in which they are made and constitutes full, true and plain disclosure of all material facts relating to the securities of the Company
and the Resulting Issuer. 

 ARTICLE 5 

SURVIVAL OF REPRESENTATIONS AND WARRANTIES 
  

	5.1	No Survival of Representations and Warranties. 

 The representations and warranties made
by the Parties and contained in this Agreement or in any Ancillary Agreement shall not survive the Closing. 
 ARTICLE 6 

COVENANTS OF THE COMPANY 

The Company hereby covenants and agrees with Mira as follows until the earlier of the Effective Date or the termination of this Agreement in
accordance with its terms: 
  

	6.1	Necessary Consents. 

 The Company shall use its commercially reasonable efforts to obtain
from the Company’s directors, shareholders and all federal, state or other governmental or administrative bodies such approvals or consents as are required to complete the transactions contemplated herein. 

 

	6.2	Ordinary Course. 

 The Company will operate its business in a prudent and business-like
manner in the ordinary course and in a manner consistent with past practice. 
  

	6.3	Non-Solicitation. 

 The Company, on its own behalf and on behalf of each of the Company
Subsidiaries, hereby covenants and agrees from the date hereof until the Termination Date not to, directly or indirectly, solicit, initiate, knowingly encourage, cooperate with or facilitate (including by way of furnishing any non-public information
or entering into any form of agreement, arrangement or understanding) the submission, initiation or continuation of any oral 

  
 - 28 - 

 
or written inquiries or proposals or expressions of interest regarding, constituting or that may reasonably be expected to lead to any activity, arrangement or transaction or propose any
activities or solicitations in opposition to or in competition with the Acquisition, and without limiting the generality of the foregoing, not to induce or attempt to induce any other person to initiate any shareholder proposal or “takeover
bid,” exempt or otherwise, within the meaning of the Securities Act (Ontario), for securities or assets of the Company or any of the Company Subsidiaries, nor to undertake any transaction or negotiate any transaction which would be or
potentially could be in conflict with the Acquisition, including, without limitation, allowing access to any third party (other than its representatives) to conduct due diligence, nor to permit any of its officers or directors to authorize such
access, except as required by statutory obligations. In the event the Company or any of its Affiliates, including any of their officers or directors, receives any form of offer or inquiry in respect of the foregoing, the Company shall forthwith (in
any event within one Business Day following receipt) notify Mira of such offer or inquiry and provide Mira with such details as it may request. 
  

	6.4	Restrictive Covenants. 

 The Company, on its own behalf and on behalf of each of the
Company Subsidiaries, hereby covenants and agrees until the Termination Date not to, without Mira’s prior written consent: 
  

	 	(a)	issue any debt, equity or other securities, except in connection with (i) the Private Placement; (ii) the issuance of debt in the ordinary course of business; (iii) any outstanding Company Options or
Company Notes; (iv) the issuance of options pursuant to the Company’s existing stock option plan or any subsidiary thereof or any new stock option plan adopted by the Company’s stockholders and the issuance of common shares underlying
any such options; or (v) the issuance of securities in connection with a bona fide purchase of assets or shares from, or a strategic partnership with, an arm’s length third party; 

 

	 	(b)	borrow money or incur any indebtedness for money borrowed, except in the ordinary course of business, including but not limited to borrowings under the Company’s credit facility with Comerica Bank and any
amendments, modifications or extensions thereof; 

  

	 	(c)	make loans, advances or other payments to directors, officers, employees or consultants of the Company, other than (i) payments made in the ordinary course of business (including payment of salaries or consultant
fees at current rates); or (ii) routine advances or payments to directors, officers, employees or consultants of the Company for expenses incurred on behalf of the Company in the ordinary course of business; 

 

	 	(d)	declare or pay any dividends or distribute any of the Company’s properties or Assets to shareholders, except in the ordinary course of business; 

  
 - 29 - 

	 	(e)	alter or amend the Company’s articles or by-laws in any manner which may adversely affect the success of the Acquisition, except as required to give effect to the matters contemplated herein; or 

 

	 	(f)	except as otherwise permitted or contemplated herein, enter into any transaction or material contract which is not in the ordinary course of business or engage in any business enterprise or activity materially different
from that carried on or contemplated by the Company and/or its Affiliates as of the date hereof. 

  

	6.5	Company Alternative Transaction. 

 Notwithstanding any other provision of this Agreement,
if at any time the Company receives a bona fide offer, whether written or oral (a “Company Alternative Transaction Offer”) from a third party to acquire all or substantially all of the assets or shares of the Company or to
enter into an arrangement or agreement which would materially interfere with the Acquisition which the Company wishes to pursue at the instruction of its board of directors or a committee thereof, including without in any way limiting the generality
of the foregoing, any such arrangement or agreement resulting from an unsolicited offer or proposal from a third party, then the Company may: (a) furnish information with respect to the Company and the Company Subsidiaries to the person making
such Company Alternative Transaction Offer and its representatives and allow such person and its representatives access to the Company’s facilities and properties and engage in discussions and negotiations with the person making such Company
Alternative Transaction Offer and its representatives; and (b) enter into an agreement with respect to a Company Alternative Transaction Offer; provided that the Company has delivered written notice to Mira of the intention of the Company to
enter into an agreement with respect to such Company Alternative Transaction Offer and the Company terminates this Agreement pursuant to Section 10.1 and has previously paid or, concurrently with such termination pays, a cash payment to Mira in
an amount equal to: (i) $200,000 if the termination of this Agreement occurs prior to filing of the Filing Statement on SEDAR; and (ii) $300,000 if the termination of this Agreement occurs on or after the filing of the Filing Statement on
SEDAR, which payment shall constitute full and final compensation and remedy to Mira for any breach or the non-performance of this Agreement and any and all fees and expenses associated therewith. 

 

	6.6	All Other Action. 

 The Company shall cooperate fully with Mira and will use all
reasonable commercial efforts to assist Mira in its efforts to complete the Acquisition, unless such cooperation and efforts would subject the Company to cost or liability or would be in breach of applicable statutory or regulatory requirements.

  
 - 30 - 

 ARTICLE 7 

COVENANTS OF MIRA 
 Mira
hereby covenants and agrees with the Company as follows until the earlier of the Effective Date or the termination of this Agreement in accordance with its terms: 
  

	7.1	Necessary Consents. 

 Mira shall use its reasonable efforts to obtain from Mira’s
directors, shareholders, the TSX, the TSXV and all federal, provincial, municipal or other governmental or administrative bodies such approvals or consents as are required to complete the transactions contemplated herein (including approval of its
shareholders of the Mira Meeting Matters and the approval of the TSX of the listing of Resulting Issuer Common Shares and the shares underlying the Resulting Issuer Options and the Resulting Issuer Class B Shares to be issued pursuant to this
Agreement). 
  

	7.2	Ordinary Course. 

 Mira will operate its business in a prudent and business-like manner
in the ordinary course and in a manner consistent with past practice. 
  

	7.3	Non-Solicitation. 

 Mira hereby covenants and agrees until the Termination Date not to,
directly or indirectly, solicit, initiate, knowingly encourage, cooperate with or facilitate (including by way of furnishing any non-public information or entering into any form of agreement, arrangement or understanding) the submission, initiation
or continuation of any oral or written inquiries or proposals or expressions of interest regarding, constituting or that may reasonably be expected to lead to any activity, arrangement or transaction or propose any activities or solicitations in
opposition to or in competition with the Acquisition, and without limiting the generality of the foregoing, not to induce or attempt to induce any other person to initiate any shareholder proposal or “takeover bid,” exempt or otherwise,
within the meaning of the Securities Act (Ontario), for securities of Mira, nor to undertake any transaction or negotiate any transaction which would be or potentially could be in conflict with the Acquisition, including, without limitation,
allowing access to any third party (other than its representatives) to conduct due diligence, nor to permit any of its officers or directors to do so, except as required by statutory obligations. In the event Mira or any of its Affiliates, including
any of their officers or directors, receives any form of offer or inquiry in respect of any of the foregoing, Mira shall forthwith (in any event within one Business Day following receipt) notify the Company of such offer or inquiry and provide the
Company with such details as it may request. 
  

	7.4	Restrictive Covenants. 

 Mira hereby covenants and agrees until the Termination Date not
to, without the Company’s prior written consent: 
  

	 	(a)	issue any debt, equity or other securities, except in connection with any outstanding Mira Options or Mira Agent Options, the Private Placement or the Acquisition; 

 

	 	(b)	borrow money or incur any indebtedness for money borrowed; 

  
 - 31 - 

	 	(c)	make loans, advances or other payments, other than routine advances or payments to directors or officers of Mira for expenses incurred on behalf of Mira in the ordinary course of business; 

 

	 	(d)	make any capital expenditures; 

  

	 	(e)	declare or pay any dividends or distribute any of Mira’s properties or Mira Assets to shareholders; 

  

	 	(f)	alter or amend Mira’s articles or by-laws in any manner which may adversely affect the success of the Acquisition, except as required to give effect to the matters contemplated herein; or 

 

	 	(g)	except as otherwise permitted or contemplated herein, enter into any transaction or material contract or engage in any business enterprise or activity different from that carried on by Mira as of the date hereof.

  

	7.5	Subco and Subco2. 

 Subco and Subco2 shall be validly subsisting and in good standing
under Applicable Delaware Law immediately prior to the Merger. Mira covenants and agrees that Subco and Subco2 shall not carry on any business and shall not enter into any contracts, agreements, commitments, indentures or other instruments prior to
the Closing Date other than as required to effect the Merger or the Subsequent Merger, as applicable. 
  

	7.6	Mira Alternative Transaction. 

 Notwithstanding any other provision of this Agreement, if
at any time following the date of this Agreement Mira receives a bona fide offer, whether written or oral (a “Mira Alternative Transaction Offer”) from a third party to acquire all or substantially all of the assets or
shares of Mira or to enter into an arrangement or agreement which would materially interfere with the Acquisition which Mira wishes to pursue at the instruction of its board of directors or a committee thereof, including without in any way limiting
the generality of the foregoing, any such arrangement or agreement resulting from an unsolicited offer or proposal from a third party, then Mira may: (a) furnish information with respect to Mira and its subsidiaries to the person making such
Mira Alternative Transaction Offer and its representatives and allow such person and its representatives access to Mira’s facilities and properties and engage in discussions and negotiations with the person making such Mira Alternative
Transaction Offer and its representatives; and (b) enter into an agreement with respect to a Mira Alternative Transaction Offer; provided that Mira has delivered written notice to the Company of the intention of Mira to enter into an agreement
with respect to such Mira Alternative Transaction Offer and Mira terminates this Agreement pursuant to Section 10.1 and has previously paid or, concurrently with such termination pays, a cash payment to the Company in an amount equal to:
(i) $200,000 if the termination of this Agreement occurs prior to filing of the Filing Statement on SEDAR; and (ii) $300,000 if the termination of this Agreement occurs on or after the filing of the Filing Statement on SEDAR, which payment
shall constitute full and final compensation and remedy to the Company for any breach or the non-performance of this Agreement and any and all fees and expenses associated therewith. 

  
 - 32 - 

	7.7	All Other Action. 

 Mira shall cooperate fully with the Company and will use all
reasonable commercial efforts to assist the Company in its efforts to complete the Acquisition unless such cooperation and efforts would subject Mira to cost or liability or would be in breach of applicable statutory and regulatory requirements.

 ARTICLE 8 

CONDITIONS PRECEDENT 
  

	8.1	Conditions for the Benefit of Mira. 

 The transactions contemplated herein are subject to
the following conditions to be fulfilled or performed on or prior to the Closing Date, which conditions are for the exclusive benefit of Mira and may be waived, in whole or in part, by Mira in its sole discretion: 

 

	 	(a)	Truth of Representations and Warranties. The representations and warranties of the Company contained in this Agreement or in any Ancillary Agreement shall have been true and correct as of the date of this
Agreement and shall be true and correct as of the Closing Date in all material respects with the same force and effect as if such representations and warranties had been made on and as of such Closing Date except as affected by transactions
contemplated or permitted by this Agreement and an officer of the Company shall provide a certificate addressed to Mira at Closing confirming the foregoing. 

  

	 	(b)	Performance of Obligations. The Company shall have performed, fulfilled or complied with, in all material respects, all of its obligations, covenants and agreements contained in this Agreement and in any
Ancillary Agreement to be fulfilled or complied with by them at or prior to the Closing Date and an officer of the Company shall provide a certificate addressed to Mira at Closing confirming the foregoing. 

 

	 	(c)	Approvals and Consents. All required approvals, consents and authorizations of third parties in respect of the transactions contemplated herein, including without limitation all necessary shareholder and
regulatory approvals, shall have been obtained on terms acceptable to Mira acting reasonably, including the approval of the TSXV, the approval of the Mira Meeting Matters by the shareholders of Mira and the Company Shareholder Approval of the Merger
and the Company Consolidation. The Company shall have effected the Company Consolidation on terms satisfactory to Mira. 

  

	 	(d)	No Material Adverse Change. There shall have been no material adverse change in the business, results of operations, assets, liabilities, financial condition or affairs of the Company since
January 15, 2014. 

  

	 	(e)	Deliveries. The Company shall deliver or cause to be delivered to Mira the closing documents as set forth in Section 9.2 in a form satisfactory to Mira acting reasonably. 

  
 - 33 - 

	 	(f)	Proceedings. All proceedings to be taken in connection with the transactions contemplated in this Agreement and any Ancillary Agreement shall be satisfactory in form and substance to Mira, acting reasonably, and
Mira shall have received copies of all instruments and other evidence as it may reasonably request in order to establish the consummation or closing of such transactions and the taking of all necessary proceedings in connection therewith.

  

	 	(g)	No Legal Action or Prohibition of Law. There shall be no action or proceeding pending or threatened by any Person (other than the Company) in any jurisdiction, or any applicable laws proposed, enacted,
promulgated or applied, to enjoin, restrict or prohibit any of the transactions contemplated by this Agreement or which could reasonably be expected to result in a Material Adverse Effect on the Company. 

 

	8.2	Conditions for the Benefit of the Company. 

 The transactions contemplated herein are
subject to the following conditions to be fulfilled or performed on or prior to the Closing Date, which conditions are for the exclusive benefit of the Company and may be waived, in whole or in part, by the Company in its sole discretion: 

 

	 	(a)	Truth of Representations and Warranties. The representations and warranties of Mira contained in this Agreement or in any Ancillary Agreement shall have been true and correct as of the date of this Agreement and
shall be true and correct as of the Closing Date in all material respects with the same force and effect as if such representations and warranties had been made on and as of such Closing Date except as affected by transactions contemplated or
permitted by this Agreement and an officer of Mira shall provide a certificate to the Company at Closing confirming the foregoing. 

  

	 	(b)	Performance of Obligations. Mira shall have performed, fulfilled or complied with, in all material respects, all of its obligations, covenants and agreements contained in this Agreement and in any Ancillary
Agreement to be fulfilled or complied with by Mira at or prior to the Closing Date and an officer of Mira shall provide a certificate to the Company at Closing confirming the foregoing. 

 

	 	(c)	No Material Adverse Change. There shall have been no material adverse change in the business, results of operations, assets, liabilities, financial condition or affairs of Mira since
January 15, 2014 other than a reduction of its cash position in order to pay professional fees or other expenses in connection with the Acquisition. 

  

	 	(d)	 Approvals and Consents. All required approvals, consents and authorizations of third parties in respect of the transactions contemplated
herein, including without limitation all necessary shareholder and regulatory approvals, shall have been obtained on terms acceptable to the Company acting reasonably, including approval of the Mira Meeting Matters by the shareholders of Mira and
the 

  
 - 34 - 

	 	
Company Shareholder Approval of the Merger and the Company Consolidation. Mira shall have effected the Name Change, Consolidation and Share Amendment on terms satisfactory to the Company.

  

	 	(e)	Private Placement. The Subscription Receipts shall have been exchanged into Company Shares in accordance with their terms and the Escrowed Proceeds shall have been released from escrow. 

 

	 	(f)	Issuance of Shares. The Resulting Issuer Common Shares and the Resulting Issuer Class B Shares to be issued as consideration for the Company Common Shares at the time of the Merger shall be freely tradeable
(subject to the usual restrictions under National Instrument 45-102 - Resale of Securities or pursuant to applicable United States securities laws) and being issued as fully paid and non- assessable
Resulting Issuer Common Shares and Resulting Issuer Class B Shares, respectively, in the capital of the Resulting Issuer , free and clear of any and all encumbrances, Liens, charges, demands and restrictions on transfer whatsoever except the escrow
restrictions imposed by the TSX or TSXV, as applicable. 

  

	 	(g)	Deliveries. Mira shall deliver or cause to be delivered to the Company Mira’s Closing Documents as set forth in Section 9.3 in a form satisfactory to the Company, acting reasonably. 

 

	 	(h)	Proceedings. All proceedings to be taken in connection with the transactions contemplated in this Agreement and any Ancillary Agreement shall be satisfactory in form and substance to the Company, acting
reasonably, and the Company shall have received copies of all instruments and other evidence as it may reasonably request in order to establish the consummation or closing of such transactions and the taking of all necessary proceedings in
connection therewith. 

  

	 	(i)	No Legal Action or Prohibition of Law. There shall be no action or proceeding pending or threatened by any Person (other than Mira) in any jurisdiction, or any applicable laws proposed, enacted, promulgated or
applied, to enjoin, restrict or prohibit any of the transactions contemplated by this Agreement transactions contemplated by this Agreement or which could reasonably be expected to result in a Material Adverse Effect on Mira. 

ARTICLE 9 
 CLOSING

  

	9.1	Time of Closing. 

 The Closing of the transactions contemplated herein shall be completed
at the offices of Fasken Martineau DuMoulin LLP, 333 Bay Street, Suite 2400, Bay Adelaide Centre, Toronto, Ontario at 10:00 a.m. (EST) on the Closing Date. 

  
 - 35 - 

	9.2	Company Closing Documents. 

 On the day of Closing, the Company shall deliver to Mira the
following documents: 
  

	 	(a)	a certified copy of the resolutions of the directors and shareholders of the Company approving and authorizing the transactions herein contemplated; and 

 

	 	(b)	a certified copy of the constating documents of the Company. 

  

	9.3	Mira’s Closing Documents. 

 On the day of Closing, Mira shall deliver to the Company
the following documents: 
  

	 	(a)	certificates in the respective names of the holders of Company Shares representing the Resulting Issuer Shares issuable to such holders pursuant to the Merger (such certificates to be registered and prepared in
accordance with a written direction to be provided by the Company prior to Closing); 

  

	 	(b)	certificates or option agreements in the respective names of the holders of the Agents’ Options and Company Options representing in the aggregate the Resulting Issuer Options issuable to such holders pursuant to
the Merger (such certificates to be registered and prepared in accordance with a written direction to be provided by the Company prior to Closing); 

  

	 	(c)	copies of the list of defaulting issuers published by the British Columbia and Alberta securities commissions showing that Mira does not appear on a list of defaulting reporting issuers maintained by each such
securities commission; 

  

	 	(d)	a certified copy of the resolutions of the directors or managers, as applicable, of Mira, Subco and Subco2, and of Mira as the sole shareholder or interest holder of Subco and Subco2, respectively, approving and
authorizing the transactions herein contemplated and a certified copy of the resolutions of Mira Shareholders approving the Mira Meeting Matters; 

  

	 	(e)	a certified copy of the constating documents of Mira, Subco and Subco2 including the Articles of Amendment; 

  

	 	(f)	written resignations and releases of the current officers and directors of Mira other than Kevin Taylor in his capacity as director; 

 

	 	(g)	conditional approval of the TSXV of the Acquisition and the conditional approval of the TSX or TSXV approving the listing of the Resulting Issuer Common Shares and Resulting Issuer Common Shares underlying Resulting
Issuer Options and Resulting Issuer Class B Shares to be issued hereunder; and 

  

	 	(h)	a cancelled certificate evidencing the Subco Shares registered in the name of Mira. 

  
 - 36 - 

 ARTICLE 10 

TERMINATION 
  

	10.1	Termination. 

 This Agreement shall terminate with the Parties having no obligations to
each other, other than in respect of the expense provisions contained in Section 11.9, the confidentiality provisions contained in Section 11.1 and the requirement to make any cash payment pursuant to Section 6.5 or 7.6, if
applicable, on the day (the “Termination Date”) on which the earliest of the following events occurs: 
  

	 	(a)	written agreement of the parties to terminate this Agreement; 

  

	 	(b)	upon provision of a notice pursuant to and in any of the circumstances provided for in Section 6.5 or 7.6; 

  

	 	(c)	any applicable regulatory or governmental authority having notified in writing either Mira or the Company of its determination to not permit the Merger to proceed, in whole or in part, and the parties have used
commercially reasonable efforts to appeal or reverse such determination, or modify the Merger on a basis that is not prejudicial to either party hereto in order to address such determination; or 

 

	 	(d)	the Closing of the Merger has not occurred on or before 5:00 p.m. (Toronto time) on April 30, 2014. 

  

	10.2	Effect of Termination. 

 Each Party’s right of termination under this ARTICLE 10 is
in addition to any other rights it may have under this Agreement or otherwise, and the exercise of a right of termination will not be an election of remedies. Nothing in ARTICLE 10 shall limit or affect any other rights or causes of action any Party
may have with respect to the representations, warranties, covenants and indemnities in its favor contained in this Agreement. 
 ARTICLE
11 
 GENERAL 
  

	11.1	Confidential Information. 

 No disclosure or announcement, public or otherwise, in
respect of this Agreement or the transactions contemplated herein will be made by Mira or the Company or its representatives without the prior agreement of the other party as to timing, content and method, hereto, provided that the obligations
herein will not prevent any party from making, after consultation with the other party, such disclosure as its counsel advises is required by applicable law or the rules and policies of the TSX or TSXV. 

  
 - 37 - 

 Except as and only to the extent required by applicable law, a Receiving Party will not disclose
or use, and it will cause its representatives not to disclose or use, any Confidential Information furnished, or to be furnished, by a Disclosing Party or its representatives to the Receiving Party or its representatives at any time or in any manner
other than for purposes of evaluating and completing the transactions proposed in this Agreement. 
 If this Agreement is terminated, each
Receiving Party will promptly return to the Disclosing Party or destroy any Confidential Information and any work product produced from such Confidential Information in its possession or in the possession of any of its representatives. 

 

	11.2	Counterparts. 

 This Agreement may be executed in several counterparts (by original or
facsimile signature), each of which when so executed shall be deemed to be an original and each of such counterparts, if executed by each of the Parties, shall constitute a valid and enforceable agreement among the Parties. 

 

	11.3	Severability. 

 In the event that any provision or part of this Agreement is determined
by any court or other judicial or administrative body to be illegal, null, void, invalid or unenforceable, that provision shall be severed to the extent that it is so declared and the other provisions of this Agreement shall continue in full force
and effect. 
  

	11.4	Applicable Law. 

 This Agreement shall be governed by and construed in accordance with
the laws of the State of Delaware without giving effect to the conflict of law principles therein. 
  

	11.5	Knowledge. 

 Where any representation or warranty contained in this Agreement is
expressly qualified by reference to the knowledge of Mira or the Company, as applicable, it shall be deemed to refer to the actual knowledge after having made due inquiry of the executive officers of the particular company. 

 

	11.6	Disclosure in Writing. 

 Disclosure by the Company in writing to Mira and disclosure by
Mira in writing to the Company, or words of similar effect, means disclosure in the draft Mira Filing Statement submitted by Mira to the TSXV on March 31, 2014. 
  

	11.7	Successors and Assigns. 

 This Agreement shall accrue to the benefit of and be binding
upon each of the Parties hereto and their respective heirs, executors, administrators and assigns, provided that this Agreement shall not be assigned by any one of the Parties without the prior written consent of the other Parties. 

  
 - 38 - 

	11.8	Interpretation. 

 The division of this Agreement into Articles, sections and subsections
and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation hereof. Schedules and other documents attached or referred to in this Agreement are an integral part of this Agreement. 

 

	11.9	Expenses. 

 Each of the Parties hereto shall be responsible for its own costs and charges
incurred with respect to the transactions contemplated herein including, without limitation, all costs and charges incurred prior to the date hereof and all legal and accounting fees and disbursements relating to preparing this Agreement or any
Ancillary Agreement or otherwise relating to the transactions contemplated herein; provided, however (and for greater certainty), the Company shall be responsible for paying all costs and fees payable to the TSX or TSXV in connection with their
review of the proposed Acquisition (including the review of the Personal Information Forms to be submitted by the proposed executive officers and directors of the Resulting Issuer following completion of the Acquisition) and all listing fees in
connection with any securities issued pursuant to the Acquisition. 
  

	11.10	Further Assurances. 

 Each of the Parties hereto will, without further consideration, do,
execute, acknowledge and deliver or cause to be done, executed, acknowledged and delivered such other documents, instruments of transfer, conveyance, assignment and assurances and secure all necessary consents and authorizations as may be reasonably
requested by another party and take such further action as the other may reasonably require to give effect to any matter provided for herein. 
  

	11.11	Entire Agreement. 

 This Agreement and the schedules referred to herein constitute the
entire agreement among the Parties hereto and supersede all prior communications, agreements, representations, warranties, statements, promises, information, arrangements and understandings, whether oral or written, express or implied, with respect
to the subject matter hereof, including the letter of intent of the Parties dated January 15, 2014 as amended. None of the Parties hereto shall be bound or charged with any oral or written agreements, representations, warranties, statements,
promises, information, arrangements or understandings not specifically set forth in this Agreement or in the schedules, documents and instruments to be delivered on the Closing Date pursuant to this Agreement. The Parties hereto further acknowledge
and agree that, in entering into this Agreement and in delivering the schedules, documents and instruments to be delivered on the Closing Date, they have not in any way relied, and will not in any way rely, upon any oral or written agreements,
representations, warranties, statements, promises, information, arrangements or understandings, express or implied, not specifically set forth in this Agreement or in such schedules, documents or instruments. 

  
 - 39 - 

	11.12	Notices. 

 Any notice required or permitted to be given hereunder shall be in writing and
shall be effectively given if (i) delivered personally, (ii) sent prepaid courier service or mail, or (iii) sent by facsimile, e-mail or other similar means of electronic communication addressed as follows: 

 

					
		  	in the case of notice to Mira, Subco or Subco2:
		
		  	Mira III Acquisition Corp.
		  	5 Hazelton Avenue
		  	Suite 300
		  	Toronto, Ontario
		  	M5R 2E1
		
		  	Attention: Ronald D. Schmeichel
			
		  	Fax:	  	416 972 6208
		  	Email:	  	ronschmeichel@windsorgp.com
		
		  	with copies to:
		
		  	Wildeboer Dellelce LLP
		  	Wildeboer Dellelce Place
		  	Suite 800, 365 Bay Street
		  	Toronto Ontario
		  	M5H 2V1
		
		  	Attention: Perry Dellelce
			
		  	Fax:	  	416 361 1790
		  	Email:	  	perry@wildlaw.ca
		
		  	in the case of notice to the Company:
		
		  	Wind Power Holdings, Inc.
		  	29 Pitman Road
		  	Barre, Vermont 05641
		  	U.S.A.
		
		  	Attention: Troy Patton
			
		  	Fax:	  	802 461 2998
		  	Email:	  	tpatton@northernpower.com

  
 - 40 - 

					
		
		  	with copies to:
		
		  	Fasken Martineau DuMoulin LLP
		  	333 Bay Street, Suite 2400
		  	Bay Adelaide Centre, Box 20
		  	Toronto, Ontario
		  	M5H 2T6
		
		  	Attention: Rubin Rapuch
			
		  	Fax:	  	416 364 7813
		  	Email:	  	rrapuch@fasken.com

 Any notice, designation, communication, request, demand or other document given or sent or delivered as aforesaid shall: 

 

	 	(a)	if delivered as aforesaid, be deemed to have been given, sent, delivered and received on the date of delivery; 

  

	 	(b)	if sent by mail as aforesaid, be deemed to have been given, sent, delivered and received on the fourth Business Day following the date of mailing, unless at any time between the date of mailing and the fourth Business
Day thereafter there is a discontinuance or interruption of regular postal service, whether due to strike or lockout or work slowdown, affecting postal service at the point of dispatch or delivery or any intermediate point, in which case the same
shall be deemed to have been given, sent, delivered and received in the ordinary course of the mail, allowing for such discontinuance or interruption of regular postal service, and 

 

	 	(c)	if sent by facsimile or other means of electronic communication, be deemed to have been given, sent, delivered and received on the Business Day of the sending if sent during normal business hours (otherwise on the
following Business Day). 

  

	11.13	Waiver. 

 Any Party hereto which is entitled to the benefits of this Agreement may, and
has the right to, waive any term or condition hereof at any time on or prior to the Closing Date, provided however that such waiver shall be evidenced by written instrument duly executed on behalf of such Party. 

 

	11.14	Amendments. 

 No modification or amendment to this Agreement may be made unless agreed to
by the Parties hereto in writing. 
  

	11.15	Remedies Cumulative. 

 The rights and remedies of the Parties under this Agreement are
cumulative and in addition to and not in substitution for any rights or remedies provided by law. Any single or partial exercise by any Party hereto of any right or remedy for default or breach of any term, covenant or condition of this Agreement
does not waive, alter, affect or prejudice any other right or remedy to which such Party may be lawfully entitled for the same default or breach. 

  
 - 41 - 

	11.16	Currency. 

 Unless otherwise indicated, all dollar amounts referred to in this Agreement
are in the lawful money of Canada. 
  

	11.17	Number and Gender. 

 In this Agreement, unless there is something in the subject matter
or context inconsistent therewith: 
  

	 	(a)	words in the singular number include the plural and such words shall be construed as if the plural had been used; 

  

	 	(b)	words in the plural include the singular and such words shall be construed as if the singular had been used; and 

  

	 	(c)	words importing the use of any gender shall include all genders where the context or the Party referred to so requires, and the rest of the sentence shall be construed as if the necessary grammatical and terminological
changes had been made. 

  

	11.18	Time of Essence. 

 Time shall be of the essence hereof. 

  
 - 42 - 

 IN WITNESS WHEREOF this agreement has been executed by the Parties hereto as of the date first
above written. 
  

			
	MIRA III ACQUISITION CORP.
	
	 (signed) “Ronald D. Schmeichel”

	Name:	 	Ronald D. Schmeichel
	Title:	 	President
	
	WIND POWER HOLDINGS, INC.
	
	 (signed) “Troy C. Patton”

	Name:	 	Troy C. Patton
	Title:	 	President and Chief Executive Officer
	
	MIRA SUBCO INC.
	
	 (signed) “Ronald D. Schmeichel”

	Name:	 	Ronald D. Schmeichel
	Title:	 	President
	
	MIRA SUBCO LLC
	
	 (signed) “Ronald D. Schmeichel”

	Name:	 	Ronald D. Schmeichel
	Title:	 	President

  
 - 43 -EX-10.11

 Exhibit 10.11 

AGENCY AGREEMENT 
 March 17, 2014

 Wind Power Holdings, Inc. 
 29 Pitman Road 

Barre, VT 05641 
 USA 

 

			
	Attention:	  	Troy Patton, President & Chief Executive Officer

 Mira III Acquisition Corp. 
 2900
– 550 Burrard Street 
 Vancouver, BC 
 V6C 0A3 

 

			
	Attention:	  	Ronald D. Schmeichel, President & Secretary

 Dear Sirs: 

Beacon Securities Limited (“Beacon”), Cormark Securities Inc. and Canaccord Genuity Corp. (collectively, the
“Agents”) understand that Wind Power Holdings, Inc. (the “Company”) proposes to issue up to 6,250,000 subscription receipts (each, a “Subscription Receipt” and collectively, the
“Subscription Receipts”) at a price of $4.00 per Subscription Receipt (the “Offering Price”) on a commercially reasonable best efforts private placement basis (the “Offering”). 

The Subscription Receipts are being issued in connection with the proposed “qualifying transaction” (the “Qualifying
Transaction”) between the Company and Mira III Acquisition Corp. (“Mira”), a Capital Pool Company listed on the TSXV (as defined below). Pursuant to the Qualifying Transaction, Mira Subco (as defined below) will merge (the
“Merger”) with and into the Company and immediately thereafter, the Company will merge (the “Second Merger”) with and into Mira LLC (as defined below) under the laws of Delaware pursuant to a Merger Agreement (as
defined below) to be entered into by the Company, Mira, Mira LLC and Mira Subco. 
 In connection with the Qualifying Transaction, the
Company will consolidate its Wind Shares on the basis of approximately one (1) post-consolidation Wind Share for every 1.557612 pre-consolidation Wind Shares (the “Consolidation”). No fractional shares will be issued in
connection with the Consolidation. Any fractional share will be rounded down to the next lowest number and no consideration will be paid in lieu thereof. Unless otherwise specifically noted, all references herein with respect to the Offering
Price or number of Wind Shares or number of Subscription Receipts shall be deemed to be a reference on a post-Consolidation basis. 

The gross proceeds of the Offering less the expenses of the Agents payable on closing pursuant to Section 15 of this Agreement will be
deposited into escrow pending the satisfaction of the Escrow Release Conditions (as defined herein). Upon the satisfaction of the Escrow Release Conditions, each Subscription Receipt shall be automatically converted, without payment of any
additional consideration or any further action by the holder of such Subscription Receipt, into one share of common stock of the Company on a post-Consolidation 

 
basis (each a “Wind Share” and collectively, the “Wind Shares”). If the Escrow Release Conditions are not satisfied on or before the Release Deadline (as defined
herein), the Subscription Receipts will be cancelled in accordance with their terms and the Escrowed Funds (as defined herein) will be delivered to the holders of Subscription Receipts by the Subscription Receipt Agent (as defined herein) on a
pro rata basis. In the event that the Escrowed Funds are insufficient to provide each holder of Subscription Receipts an amount equal to the Offering Price per Subscription Receipt, the Company shall contribute such additional funds as are
necessary to satisfy any shortfall. 
 Pursuant to the Merger Agreement, shareholders of the Company will exchange the post-Consolidation
Wind Shares held by them immediately prior to the completion of the Qualifying Transaction for voting common shares of Mira (the “Mira Listed Shares”) or Mira Restricted Voting Shares (as defined herein) or a combination thereof.
The Mira Restricted Voting Shares are intended to be issued to certain or all United States shareholders of the Company only, for purposes of the Company maintaining its “foreign private issuer” status under United States securities laws.
As a result of the Qualifying Transaction, the shareholders of the Company will become shareholders of Mira. It is expected that in connection with the Qualifying Transaction Mira will change its name to “Northern Power Systems Corp.” or
such other similar name that may be agreed upon by Mira and the Company. 
 Subject to the terms and conditions hereof, the Agents agree to
act, and the Company by this Agreement appoints the Agents, as exclusive agents of the Company to solicit, on a commercially reasonable best efforts basis, offers to purchase the Subscription Receipts. It is understood and agreed that the Agents are
under no obligation to purchase as principal any Subscription Receipts offered hereunder. 
 The following are the terms and conditions of
the agreement between the Company, Mira and the Agents: 
 1. Definitions and Interpretation 

 

	(1)	In this Agreement: 

 “Accredited Investor” means an “accredited
investor” within the meaning of Rule 501(a) of Regulation D; 
 “Agents’ Commission” has the meaning given
to that term in Section 3(1) of this Agreement; 
 “Agents” has the meaning given to that term in the first paragraph
of this Agreement; 
 “Agreement” means the agreement resulting from the acceptance by the Company and Mira of the offers
made by the Agents herein, including the schedules hereto, as amended and supplemented from time to time; 
 “Alternative
Transaction” has the meaning given to that term in Section 3(3) of this Agreement; 

  
 2 

 “Applicable Securities Laws” means all applicable securities laws and rules,
regulations, notices, orders and policies applicable in the Jurisdictions, if applicable, and includes Canadian Securities Laws; 

“Beacon” has the meaning given to that term in the first paragraph of this Agreement; 

“Business Day” means any day other than a Saturday, Sunday or statutory or civic holiday in the City of Toronto, Ontario; 

“Canadian Securities Laws” means, collectively, all applicable securities laws of each of the provinces of Canada and the
respective rules and regulations under such laws together with applicable published policy statements, blanket orders, instruments, notices and rulings of the Securities Commissions and all discretionary orders or rulings, if any, of the Securities
Commissions made in connection with the transactions contemplated by this Agreement; 
 “Closing Date” means March 17,
2014 or such date agreed upon in writing by the Company and the Agents; 
 “Closing Time” means 8:00 a.m. (Toronto time) on
the Closing Date or such time agreed upon by the Company and the Agents; 
 “Company” has the meaning given to that term in
the first paragraph of this Agreement; 
 “Compensation Options” has the meaning given to that term in Section 3(2) of
this Agreement; 
 “Compensation Option Shares” has the meaning given to that term in Section 3(2) of this Agreement;

 “Consolidation” has the meaning given to that term in the third paragraph of this Agreement; 

“Contract” means, with respect to a Person, any contract, instrument, permit, concession, licence, loan or credit agreement,
note, bond, mortgage, indenture, lease or other agreement, partnership or joint venture agreement or other legally binding agreement, arrangement or understanding, whether written or oral, to which the Person is a party or by which, to the knowledge
of such Person, the Person or its property and assets is bound or affected; 
 “Convertible Notes” has the meaning given to
that term in Section 11(1)(c) of this Agreement; 
 “CPC Policy” means Policy 2.4 of the TSX Venture Exchange Corporate
Finance Manual, in force from time to time; 
 “Directed Selling Efforts” means “directed selling efforts” as that
term is defined in Rule 902(c) of Regulation S. 

  
 3 

 “Eligible Holder” means (i) a resident of Canada for purposes of the
Income Tax Act (Canada) and not exempt from tax under Part I of the Income Tax Act (Canada), or (ii) a partnership, any member of which is a resident of Canada for the purposes of the Income Tax Act (Canada) (other than a
partnership, all members of which that are residents of Canada and are exempt from tax under Part I of the Income Tax Act (Canada); 

“Employee” means a director, officer or employee of the Company or any of the Subsidiaries or a Person providing services in
the nature of an employee to the Company or any of the Subsidiaries; 
 “Environmental Laws” means, with respect to the
Company and the Subsidiaries, all applicable Laws aimed at abatement of pollution; protection of the environment; protection of wildlife, including endangered species; ensuring public safety from environmental hazards; management, storage or control
of hazardous materials and substances; releases or threatened releases of pollutants, contaminants, chemicals or industrial, toxic or hazardous substances as wastes into the environment, including ambient air, surface water and groundwater; and all
other applicable Laws relating to the manufacturing, processing, distribution, use, treatment, storage, disposal, handling or transport of pollutants, contaminants, chemicals or industrial, toxic or hazardous substances or wastes; 

“Environmental Liabilities” means, with respect to the Company and the Subsidiaries, any and all claims, actions, causes of
action, damages, losses, liabilities, obligations, penalties, judgments, amounts paid in settlement, assessments, costs, disbursements or expenses (including attorney’s fees and costs, experts’ fees and costs, and consultants’ fees
and costs) of any kind or of any nature whatsoever that are asserted by any entity (including any Government Agency), alleging liability (including liability for studies, testing or investigatory costs, cleanup costs, response costs, removal costs,
remediation costs, containment costs, restoration costs, corrective action costs, closure costs, reclamation costs, property damages, business losses, personal injuries, penalties or fines) arising out of, based on or resulting from (a) the
presence, release, threatened release, discharge or emission into the environment of any hazardous materials or substances existing or arising on, beneath or above any property owned and/or controlled by the Company and the Subsidiaries and/or
emanating or migrating and/or threatening to emanate or migrate from such property to off-site properties, (b) physical disturbance of the environment, or (c) the violation or alleged violation of any Environmental Laws; 

“Escrow Release Conditions” are the following: 
  

	 	(a)	written confirmation from each of the Company and Mira that all conditions to the completion of the Qualifying Transaction have been satisfied or waived, other than release of the Escrowed Funds; 

 

	 	(b)	the receipt of all shareholder and regulatory approvals required for the Qualifying Transaction; 

  

	 	(c)	 the distribution of (A) the Wind Shares underlying the Subscription Receipts, and (B) the Mira Listed Shares and Mira Restricted Voting

  
 4 

	 	
Shares to be issued in exchange for such Wind Shares pursuant to the Qualifying Transaction being exempt from applicable prospectus and registration requirements of Applicable Securities Laws;

  

	 	(d)	the Mira Listed Shares being conditionally approved for listing on the TSXV or TSX and the completion, satisfaction or waiver of all conditions precedent to such listing, other than the release of the Escrowed Funds and
other than customary post-closing filings required by the TSXV or TSX; and 

  

	 	(e)	the Company and Beacon, on behalf of the other Agents, shall have delivered a release notice to the Subscription Receipt Agent (the “Release Notice”); 

“Escrowed Funds” means the funds held in escrow by the Subscription Receipt Agent, together with all interest and other income
earned thereon; 
 “Escrowed Proceeds” has the meaning given to that term in Section 10(2) of this Agreement; 

“Filing Statement” means the draft of the filing statement of Mira received by the Beacon on dated March 12, 2014 with
the document identification number DM-TOR/297151.00001/7103704.2 provided to the Agents; 
 “Financial Statements” has the
meaning given to that term in Section 7(9) of this Agreement; 
 “GAAP” means generally accepted accounting principles
in Canada or the United States, as applicable; 
 “Government Agency” means and includes, without limitation, any national,
federal government, province, state, municipality or other political subdivision of any of the foregoing, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any
corporation or other entity owned or controlled (through stock or capital ownership or otherwise) by any of the foregoing, including the TSX or TSXV; 

“Government Official” means (a) any official, officer, employee, or representative of, or any person acting in an
official capacity for or on behalf of, any Government Agency, (b) any salaried political party official, elected member of political office or candidate for political office, or (c) any company, business, enterprise or other entity owned
or controlled by any person described in the foregoing clauses; 
 “IFRS” means International Financial Reporting Standards;

 “Indemnified Parties” has the meaning given to that term in Section 13(1) of this Agreement; 

“Intellectual Property” means registered and unregistered trade-marks and trade-mark applications, trade names, certification
marks, distinguishing guises, patents 

  
 5 

 
and patent applications, registered and unregistered works subject to copyright, know-how, formulae, processes, inventions, technical expertise, research data, trade secrets, industrial designs
and industrial design applications, customer lists and other similar property, and all registrations and applications for registration thereof, each of the foregoing as defined under the applicable Laws; 

“Investors’ Rights Agreement” means the fourth amended and restated investors rights agreement dated
August 30, 2013 between the Company and certain former holders of preferred stock of the Company; 
 “Jurisdictions”
has the meaning given to that term in Section 2 of this Agreement; 
 “Laws” means all laws, statutes, by-laws, rules,
regulations, orders, decrees, ordinances, protocols, codes, guidelines, policies, notices, directions and judgments or other requirements of any Government Agency applicable to the Company, the Subsidiaries or Mira; 

“Lien” means any mortgage, charge, pledge, hypothecation, security interest, assignment, lien (statutory or otherwise),
charge, title retention agreement or arrangement, restrictive covenant or other encumbrance of any nature, or any other arrangement or condition which, in substance, secures payment or performance of an obligation; 

“material change”, “material fact” and “misrepresentation” have the respective meanings
given to them in the Securities Act (Ontario); 
 “Materially Adverse” when used in respect of a fact, circumstance,
change, effect, occurrence, event or term means a fact, circumstance, change, effect, occurrence, event or term that (a) materially and adversely affects, or would reasonably be expected to materially and adversely affect, the financial
condition, business, assets or capital of the Company and the Subsidiaries, taken as a whole, or (b) prevents, or would reasonably be expected to prevent, the Company from performing its obligations under this Agreement or consummating the
transactions contemplated herein; provided, however, that it will not include: (i) any fact, circumstance, event, change, effect, occurrence, event or term relating to the global economy or securities markets in general or the securities
markets for wind or renewable energy companies in general; (ii) any fact, circumstance, event, change, effect, occurrence or event affecting the industry in which the Company operates in general and which, in each case, does not have a
materially disproportionate effect on the Company and the Subsidiaries, taken as a whole; 
 “Material Adverse Effect
(Mira)” means a material adverse effect on (a) the assets, liabilities or condition (financial or otherwise) of Mira, or (b) the ability of Mira to complete the transactions contemplated by this Agreement; provided, however, that
it will not include any fact, circumstance, event, change, effect, occurrence, event relating to the global economy or securities markets in general; 

“Material Subsidiary” means Northern Power Systems, Inc.; 

  
 6 

 “Merger” has the meaning given to that term in the second paragraph of this
Agreement; 
 “Merger Agreement” means the merger agreement to be entered into between the Company, Mira, Mira LLC and Mira
Subco dated as of a date prior to the closing of the Merger, as the same may be amended from time to time, providing for, among other things, the Merger; 

“Mira” has the meaning given to that term in the second paragraph of this Agreement; 

“Mira Compensation Options” has the meaning given to that term in Section 3(2) of this Agreement; 

“Mira Compensation Option Shares” has the meaning given to that term in Section 3(2) of this Agreement; 

“Mira Financial Statements” means the audited financial statements of Mira for the year ended December 31, 2013 and for
the period from the date of incorporation (February 14, 2012) to December 31, 2012; 
 “Mira Listed Share” has the
meaning given to that term in the fifth paragraph of this Agreement; 
 “Mira LLC” means the limited liability company
subsidiary of Mira to be formed pursuant to the laws of Delaware to facilitate completion of the Second Merger; 
 “Mira Restricted
Voting Share” means a share of Mira which will carry one vote for all matters that come before the shareholders of Mira, except for the election of directors; 

“Mira Subco” means the subsidiary of Mira to be incorporated pursuant to the laws of Delaware to facilitate completion of the
Merger; 
 “Offering” has the meaning given to that term in the first paragraph of this Agreement; 

“Offering Price” has the meaning given to that term in the first paragraph of this Agreement; 

“Permit” means all certificates, franchises, licences, permits, grants, easements, covenants, certificates, orders,
authorizations and approvals issued or granted by any Government Agency or third parties to the Company or the Subsidiaries necessary for the Company and/or any one or more of the Subsidiaries to conduct its business as presently conducted; 

“Person” means and includes any individual, sole proprietorship, partnership, joint venture, unlimited liability company,
unincorporated association, unincorporated syndicate, unincorporated organization, trust, body corporate, a trustee, executor, administrator or other Government Official or instrumentality thereof; 

  
 7 

 “Presentation” means the investor presentation of the Company entitled
“Northern Power Systems: Technology for the Wind Industry” dated 2014; 
 “President’s List” means each of
the Company’s existing stockholders, and its business partners as follows: Heritage Sustainable Energy, Martin Lagina and WEG Industries; 

“Purchasers” means the Persons who, as purchasers or beneficial purchasers, acquire Subscription Receipts by duly completing,
executing and delivering a Subscription Agreement and any other required documentation, and permitted assignees or transferees of such Persons from time to time; 

“Qualifying Transaction” has the meaning given to that term in the second paragraph of this Agreement; 

“Regulation D” means Regulation D as adopted by the SEC under the U.S. Securities Act; 

“Regulation S” means Regulation S adopted by the SEC under the U.S. Securities Act; 

“Release Deadline” means April 30, 2014 (unless extended in accordance with the provisions of the Subscription Receipt
Indenture); 
 “Release Event” means the occurrence and satisfaction of all Escrow Release Conditions prior to the Release
Deadline; 
 “SEC” means the United States Securities and Exchange Commission; 

“Second Merger” has the meaning given to that term in the second paragraph of this Agreement; 

“Securities Commissions” means, collectively, the applicable securities commission or securities regulatory authority in each
province of Canada where the Offering is completed; 
 “Subscription Agreements” means the subscription agreements
(including the schedules attached thereto) to be entered into between the Purchasers and the Company; 
 “Subscription Receipt
Agent” has the meaning given to that term in Section 10(2) of this Agreement; 
 “Subscription Receipt
Indenture” has the meaning given to that term in Section 10(2) of this Agreement; 
 “Subscription Receipts”
has the meaning given to that term in the first paragraph of this Agreement; 

  
 8 

 “subsidiary” has the meaning given to such term in the Business Corporations
Act (Ontario); 
 “Subsidiaries” collectively means Northern Power Systems, Inc., Northern Power Systems S.r.l. and
Northern Power Systems AG; 
 “Taxes” means all income taxes (including any tax on or based upon net income, gross income,
income as specially defined, earnings profits or selected items of income, earnings or profits) and all capital taxes, gross receipts taxes, environmental taxes, sales taxes, use taxes, ad valorem taxes, value added taxes, transfer taxes, franchise
taxes, license taxes, withholding taxes or other withholding obligations, payroll taxes, employment taxes, pension plan premiums, excise, severance, social security premiums, workers’ compensation premiums, unemployment insurance or
compensation premiums, stamp taxes, occupation taxes, premium taxes, property taxes, windfall profits taxes, alternative or add on minimum taxes, goods and services tax, customs duties or other taxes of any kind whatsoever, together with any
interest and any penalties or additional amounts imposed by any taxing authority (domestic or foreign) on the Company, the Subsidiaries or Mira, as applicable, or for which the Company, the Subsidiaries or Mira, as applicable, is responsible, and
any interest, penalties, additional taxes, additions to tax or other amounts imposed with respect to the foregoing; 
 “TSX”
means the Toronto Stock Exchange; 
 “TSXV” means the TSX Venture Exchange; 

“U.S. Affiliate” means the United States registered broker-dealer affiliate of an Agent; 

“U.S. Person” means a U.S. person as that term is defined in Rule 902 of Regulation S ; 

“U.S. Purchasers” means the Purchasers which are “U.S. persons” as defined under Section 7701(a)(30) of the
U.S. Internal Revenue Code, as amended; 
 “U.S. Securities Act” means the United States Securities Act of 1933, as amended;

 “United States” means the United States of America, its territories and possessions, any state of the United States, and
the District of Columbia; and 
 “Wind Share” has the meaning given to that term in the third paragraph of this agreement.

  

	(2)	The division of this Agreement into sections, subsections, paragraphs and other subdivisions and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of
this Agreement. Unless something in the subject matter or context is inconsistent therewith, references herein to sections, subsections, paragraphs and other subdivisions are to sections, subsections, paragraphs and other subdivisions of this
Agreement. 

  
 9 

	(3)	Unless otherwise specified, all amounts expressed herein in terms of money refer to lawful currency of Canada and all payments to be made hereunder shall be made in such currency. 

 

	(4)	When used in this Agreement, “knowledge” means the actual knowledge of Troy Patton, President & Chief Executive Officer of the Company, Ciel Caldwell, Chief Financial Officer of the Company, and
Elliot Mark, Vice President and General Counsel of the Company, after due inquiry into the relevant subject matter. 

  

	(5)	List of Schedules included in this Agreement: 

  

	 	(a)	Schedule A: Form of Lock-Up Agreement (Twelve (12) Months); 

  

	 	(b)	Schedule B: Form of Lock-Up Agreement (Three (3) Months); 

  

	 	(c)	Schedule C: Form of Change of Control Acknowledgement; 

  

	 	(d)	Schedule D: Form of Compensation Option; 

  

	 	(e)	Schedule E-1: Intellectual Property; 

  

	 	(f)	Schedule E-2: Exceptions to Representations and Warranties; 

  

	 	(g)	Schedule F: Financial Statements; 

  

	 	(h)	Schedule G: Contracts of the Company; 

  

	 	(i)	Schedule H: Compliance with United States Securities Laws; and 

  

	 	(j)	Schedule I: Registration Rights. 

 2. The Offering 

 

	(1)	The Agents may offer for sale, and seek Purchasers for, Subscription Receipts: 

  

	 	(a)	in any of the provinces of Canada on a private placement basis in compliance with applicable Canadian Securities Laws; 

  

	 	(b)	to, or for the account or benefit of, persons in the United States or U.S. Persons (through the U.S. Affiliates) pursuant to transactions that are exempt from registration under the U.S. Securities Act and applicable
state securities laws. All offers and sales made in the United States or to, or for the account or benefit of, a U.S. Person or person in the United States will be made by the U.S Affiliates of the Agents for sale by the Company directly to United
States Purchasers only in accordance with Schedule H hereto; and 

  

	 	(c)	 in such other jurisdictions (other than the United as may be agreed upon between the Company and the Agents, on a private placement basis in
compliance with all applicable securities laws of such other jurisdictions provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction, no registration or similar requirement

  
 10 

	 	
would apply with respect to the Company in such other jurisdictions and the Company does not thereafter become subject to on-going continuous disclosure obligations in such other jurisdictions

  

	 	(collectively,	the “Jurisdictions”). 

  

	(2)	The parties agree that press releases concerning the Offering shall contain the statement “Not for distribution to United States news wire services or dissemination in the United States” and shall contain
substantially the following language in the body of the press release: 

 “The subscription receipts and the underlying
securities have not been registered under the United States Securities Act of 1933, as amended (the “Act”) or the securities laws of any state and may not be offered or sold absent registration under the Act or an applicable exemption from
the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy such securities in any jurisdiction.” 

3. Compensation of the Agents and Alternative Transactions 
  

	(1)	Conditional upon the satisfaction of the Escrow Release Conditions and receipt by the Company of the Escrowed Funds in accordance with the terms of the Subscription Receipt Indenture, the Company shall pay to the Agents
a cash fee equal to 6% (3% on the President’s List orders up to a maximum $2 million aggregate gross proceeds from President’s List members) of the gross proceeds realized in respect of the Offering less $25,000 which has already been
advanced to Beacon (the “Agents’ Commission”). 

  

	(2)	In addition to the Agents’ Commission, the Company shall, at the Closing Time, issue to the Agents that number of compensation options (the “Compensation Options”) that is equal to 6% (3% on the
President’s List orders up to a maximum $2 million aggregate gross proceeds from President’s List members) of the aggregate number of Subscription Receipts sold in the Offering. Each Compensation Option will be exercisable to acquire one
Wind Share on a post-Consolidation basis (a “Compensation Option Share”) for a period of two years following the issue date at the Offering Price. Upon the Merger, the Compensation Options will be exchanged in accordance with their
terms into compensation options of Mira (the “Mira Compensation Option”). Each Mira Compensation Option will be exercisable to acquire, at the Offering Price, one Mira Listed Shares (“Mira Compensation Option
Share”) on the same terms as the Compensation Options. 

  

	(3)	 If the Merger is not completed because of an Alternative Transaction (defined below) which is completed by the Company within ninety (90) days
following the termination of this Agreement, the Company shall make a cash payment to the Agents equal to 100% of the Agents’ Commission that the Agents would have received assuming the satisfaction of the Escrow Release Conditions and receipt
by the Company of the Escrowed Funds. Any payment hereunder shall be made upon the closing date of the Alternative Transaction. For the purposes hereof, an “Alternative Transaction” means a transaction involving a change of control (as
defined herein in this Section 3(3)) of the Company as a result of which the 

  
 11 

	 	
Company does not proceed with the Merger, including a merger, amalgamation, arrangement, take-over bid, reorganization, joint venture, sale of all or substantially all assets, exchange of assets
or any similar transactions with a public company (other than Mira) or other entity not contemplated in this Agreement. 

  

	(4)	For the purposes hereof, “change of control” means the occurrence of any of the following, other than in connection with the Merger, after the date hereof: 

 

	 	(a)	the acquisition by any Person or one or more members of a group of Persons acting jointly or in concert, directly or indirectly, in a single transaction or a series of transactions, of beneficial ownership, voting
control or direction over more than 50% of the aggregate voting rights attached to the Wind Shares then outstanding; 

  

	 	(b)	the acquisition by any Person or one or more members of a group of Persons acting jointly or in concert, directly or indirectly, in a single transaction or a series of transactions, of assets representing all or
substantially all (on a consolidated basis) of the assets of the Company, taken as a whole; 

  

	 	(c)	the completion of a merger, amalgamation, arrangement, business combination or similar transaction which results in holders of the voting rights attached to the Wind Shares prior to the completion of the Merger holding
less than 50% of the voting rights attached to the Wind Shares or other securities of the resulting entity after the completion of the Merger; or 

  

	 	(d)	the election by the Company’s securityholders of a number of persons representing a majority of the board of directors as directors of the Company who are not included in the slate for election as directors
proposed to the Company’s securityholders by management. 

 4. Due Diligence 

 

	(1)	Each of the Company and Mira will make available to the Agents, counsel to the Agents and other professional advisors, all documents and information including all corporate and operating records, financial information,
financial statements (if any), shareholder records, title and permitting information, technical information, and information about its officers and directors as may be required to permit the Agents to perform such due diligence investigations of the
business and affairs of the Company and Mira and their respective subsidiaries and affiliates as the Agents may deem necessary. Each of the Company and Mira confirms that to the best of its knowledge all documents and information that it provides to
the Agents will not be misleading and will be accurate in all material respects and acknowledges that the Agents will be entitled to rely on and assume no obligation to verify the accuracy or completeness of such information that it provides.

  
 12 

 5. Conditions of Closing 

The obligations of the Agents under this Agreement, and of Purchasers under the Subscription Agreements, are subject to the accuracy of the
representations and warranties of the Company and Mira contained in this Agreement as of the Closing Time, the performance of the Company and Mira of their obligations under this Agreement and to the satisfaction of each of the following conditions:

  

	(1)	Legal Opinions – the Company. The Agents and the Purchasers receiving at the Closing Time (i) legal opinions addressed to the Agents and the Purchasers, in form and substance acceptable to the Agents
and their counsel, acting reasonably, from Fasken Martineau DuMoulin LLP, Canadian counsel to the Company, (ii) legal opinions addressed to the Agents, in form and substance acceptable to the Agents and their counsel, acting reasonably, from
Goodwin Procter LLP, United States counsel to the Company, and (iii) legal opinions addressed to the Agents, in form and substance acceptable to the Agents and their counsel, acting reasonably, from general counsel to the Company (each of whom
may rely, to the extent appropriate in the circumstances, on the opinions of local counsel acceptable to counsel to the Company and counsel to the Agents as to matters governed by the laws of local jurisdictions and on certificates of officers of
the Company) to the following effect as of the Closing Time: 

  

	 	(a)	the Company being a validly existing corporation under the laws of the State of Delaware and is in good standing in the State of Delaware; 

 

	 	(b)	as to the authorized and issued share capital of the Company; 

  

	 	(c)	the Company having the requisite corporate power and capacity to carry on its business as presently carried on, to own and operate its assets and, as applicable, to enter into and perform its obligations under this
Agreement, the Subscription Agreements, the Subscription Receipt Indenture, and the certificates representing the Subscription Receipts and the Compensation Options, and to carry out the transactions contemplated hereby and thereby, including to
create, issue and sell the Subscription Receipts, to create and issue the Wind Shares upon automatic conversion of the Subscription Receipts, to create and issue the Compensation Options, and to issue the Compensation Option Shares upon exercise of
the Compensation Options; 

  

	 	(d)	all necessary corporate action having been taken by the Company, as applicable, to authorize the entering into of, and performance by it under, this Agreement, the Subscription Agreements, the Subscription Receipt
Indenture, certificates representing the Subscription Receipts and the certificates representing the Compensation Options, and this Agreement, the Subscription Agreements, the Subscription Receipt Indenture, and the certificates representing the
Subscription Receipts and the Compensation Options having been duly authorized, executed and delivered by the Company; 

  

	 	(e)	all necessary corporate action having been taken by the Company to authorize the creation, issuance and sale of the Subscription Receipts, the creation and issuance of the Wind Shares upon conversion of the Subscription
Receipts, the creation and issuance of the Compensation Options, and the issuance of the Compensation Option Shares upon exercise of the Compensation Options; 

  
 13 

	 	(f)	this Agreement, the Subscription Agreements, the Subscription Receipt Indenture, and the certificates representing the Subscription Receipts and the Compensation Options constituting legal, valid and binding obligations
of, and are enforceable against, the Company, in accordance with their terms (subject to bankruptcy, insolvency, liquidation, reorganization, moratorium or other Laws affecting the rights of creditors generally, general equitable principles
including the availability of equitable remedies and subject to such other standard assumptions and qualifications including the qualification that no opinion need be expressed as to rights to indemnity, contribution and waiver and the ability to
sever unenforceable terms); 

  

	 	(g)	the authorization, execution and delivery by the Company of, and the performance by the Company of its obligations under, this Agreement, the Subscription Agreements, the Subscription Receipt Indenture, the certificates
representing the Subscription Receipts and the Compensation Options, and the issuance of the Subscription Receipts, the Wind Shares issuable upon conversion of the Subscription Receipts, the Compensation Options and the Compensation Option Shares
issuable upon exercise of the Compensation Options, do not and will not conflict with, or result in any breach of, or constitute (with or without notice or lapse of time or both) a default under, any of the provisions of: 

 

	 	(i)	the constating documents of the Company; 

  

	 	(ii)	any resolution of the directors or the shareholders the Company; and 

  

	 	(iii)	the laws of Delaware; 

  

	 	(h)	the Subscription Receipts having been validly issued by the Company, and upon conversion of the Subscription Receipts in accordance with the terms of the Subscription Receipt Indenture, the Wind Shares will be validly
issued and outstanding as fully paid shares of common stock of the Company and the Compensation Options having been validly issued by the Company, and upon exercise of the Compensation Options in accordance with the terms of the certificates
representing the Compensation Options, the Compensation Option Shares will be validly issued as fully paid shares of the Company; 

  

	 	(i)	the issuance and sale of the Subscription Receipts in Canada being exempt from the prospectus requirements of applicable Canadian Securities Laws, and the issuance of the Wind Shares in Canada upon the conversion of the
Subscription Receipts being exempt from the prospectus requirements of applicable Canadian Securities Laws, if such issuance occurred on the date hereof, and the issuance of the Compensation Options in Canada, if such issuance occurred on the date
hereof, being exempt from the prospectus requirements of applicable Canadian Securities Laws, and the issuance of the Compensation Option Shares in Canada upon the exercise of the Compensation Options, if such issuance occurred on the date hereof,
being exempt from the prospectus requirements of applicable Canadian Securities Laws, and as to the resale restrictions applicable to all such securities; 

  
 14 

	 	(j)	the issuance and sale of the Subscription Receipts, the issuance of the Wind Shares on conversion of the Subscription Receipts and the issuance of the Mira Restricted Voting Shares, in the United States, or to, or for,
the account or benefit of a U.S. Person, being exempt from the registration requirements of the U.S. Securities Act, it being understood that such counsel need not express its opinion with respect to any subsequent re-sale of the Subscription
Receipts, Wind Shares of Mira Restricted Voting Shares; 

  

	 	(k)	the issuance by Mira of the Listed Mira Shares to the Purchasers in exchange for Wind Shares underlying the Subscription Receipts in accordance with the terms of the Merger Agreement being exempt from the prospectus
requirements of applicable Canadian Securities Laws if such issuance occurred on the date hereof; 

  

	 	(l)	the issuance by Mira of the Mira Compensation Options to the Agents in exchange for the Compensation Options in accordance with their terms being exempt from the prospectus requirements of applicable Canadian Securities
Laws if such issuance occurred on the date hereof; 

  

	 	(m)	the issuance by Mira of the Mira Compensation Option Shares to the Agents upon the exercise of the Mira Compensation Options in accordance with their terms being exempt from the prospectus requirements of the applicable
Canadian Securities Laws if such issuance occurred on the date hereof; and 

  

	 	(n)	the first trade in Canada by the Purchasers and the Agents of the Listed Mira Shares, as applicable, being a distribution unless: 

  

	 	(i)	Mira is and has been a reporting issuer in a jurisdiction of Canada for the four months immediately preceding the trade; 

  

	 	(ii)	the trade is not a “control distribution” (as defined in National Instrument 45-102 – Resale of Securities) 

  

	 	(iii)	no unusual effort is made to prepare the market or to create a demand for the securities that are the subject of such trade; 

  

	 	(iv)	no extraordinary commission or consideration is paid to a person or company in respect of such trade; and 

  

	 	(v)	if the selling securityholder is an insider or officer of Mira, the selling securityholder has no reasonable grounds to believe that the Company is in default of “securities legislation” (as defined in
National Instrument 14-101 - Definitions). 

  

	(2)	Canadian Legal Opinion - Mira. The Agents receiving at the Closing Time legal opinions addressed to the Agents, in form and substance acceptable to the Agents and its counsel, acting reasonably, from Wildeboer
Dellelce LLP, Canadian counsel to Mira (who may rely, to the extent appropriate in the circumstances, on the opinions of local counsel acceptable to counsel to the Agents as to matters governed by the laws of local jurisdictions and on certificates
of officers of Mira) to the following effect: 

  

	 	(a)	Mira being a corporation existing under the laws of British Columbia and not having been dissolved; 

  
 15 

	 	(b)	as to the authorized and issued share capital of Mira; 

  

	 	(c)	Mira having the requisite corporate power and capacity to carry on its business as presently carried on, to own and operate its assets and to enter into and perform its obligations under this Agreement;

  

	 	(d)	all necessary corporate action having been taken by Mira to authorize the entering into of this Agreement, this Agreement having been duly authorized, executed and delivered by Mira; 

 

	 	(e)	this Agreement constitutes a legal, valid and binding obligation of, and is enforceable against, Mira in accordance with its terms (subject to bankruptcy, insolvency, liquidation, reorganization, moratorium or other
Laws affecting the rights of creditors generally, general equitable principles including the availability of equitable remedies and subject to such other standard assumptions and qualifications including the qualification that no opinion need be
expressed as to rights to indemnity, contribution and waiver and the ability to sever unenforceable terms); 

  

	 	(f)	the authorization, execution and delivery by Mira of this Agreement does not and will not conflict with, or result in any breach of, or constitute (with or without notice or lapse of time or both) a default under, any
of the provisions of: 

  

	 	(i)	the constating documents of Mira; 

  

	 	(ii)	any resolution of the directors or the shareholders of Mira; and 

  

	 	(iii)	any statute or regulation of Canada or of British Columbia. 

  

	(3)	Legal Opinions – Subsidiaries. The Agents receiving at the Closing Time legal opinions addressed to the Agents, in form and substance acceptable to the Agents and its counsel, acting reasonably, from local
counsel and the general counsel to the Company in each jurisdiction of incorporation, organization or formation, as the case may be, of the Material Subsidiary, with respect to the following matters: 

 

	 	(i)	the Material Subsidiary is a corporation or other form of entity existing under the laws of the jurisdiction in which it was incorporated, organized, formed, amalgamated or continued, as the case may be, and has all
requisite corporate power to carry on its business as now conducted and to own, lease and operate its property and assets; and 

  

	 	(ii)	all of the issued and outstanding shares or other ownership interests or rights of the Material Subsidiary are registered, directly or indirectly, in the name of the Company or a subsidiary of the Company.

  
 16 

	(4)	Lock-Ups. Each of the following securityholders of the Company: Allen & Company, Baker Investments LLC, CWE LLC (Century America) and Rockport Capital Partners agreeing to a prohibition on the sale of
securities of the Company and Mira by executing and delivering the form of lock-up agreement set forth in Schedule A. In addition, the Company will use its commercially reasonable best efforts to arrange for the remaining securityholders of the
Company, to agree to a prohibition on the sale of securities of the Company and Mira by executing and delivering the form of lock-up agreement set forth in Schedule B. 

 

	(5)	No Change of Control Payments. Troy Patton acknowledging that there is no entitlement to a change of control payment under his employment agreement in connection with the Merger by executing and delivering the
acknowledgment set forth in Schedule C. 

  

	(6)	Officer’s Certificates. Each of the Company and Mira delivering to the Agents at the Closing Time a certificate dated the Closing Date addressed to the Agents and signed by the corporate secretary or such
other officer of each of the Company and Mira, in a form satisfactory to the Agents and its counsel, acting reasonably, with respect to the constating documents of each of the Company and Mira, all resolutions of each of the Company’s and
Mira’s board of directors relating to the Offering, and the incumbency and specimen signatures of signing officers. 

  

	(7)	Bring-Down Officer’s Certificate – the Company. The Agents shall have received a certificate, dated as of the Closing Date, signed by the President and Chief Executive Officer and Chief Financial
Officer of the Company, or such other officers of the Company as the Agents may agree, certifying for and on behalf of the Company, to the best of their knowledge, information and belief, that: 

 

	 	(i)	no order, ruling or determination having the effect of suspending the sale or ceasing the trading in any securities of the Company has been issued by any Government Agency and is continuing in effect and no proceedings
for that purpose have been instituted or are pending or, to the knowledge of such officers, contemplated or threatened by any Government Agency; 

  

	 	(ii)	other than in connection with the Merger, no transaction not in the ordinary course of business has been entered into or is contemplated by the Company which is or would be material to the Company; 

 

	 	(iii)	since the date hereof, no material change relating to the Company on a consolidated basis, except for the Offering, has occurred that has not been disclosed to the Agents; 

  
 17 

	 	(iv)	the Company has duly complied with all the terms, covenants and conditions of this Agreement on its part to be complied with up to the Closing Time; and 

 

	 	(v)	the representations and warranties of the Company contained in this Agreement are true and correct in all material respects as of the Closing Time with the same force and effect as if made at and as of the Closing Time
after giving effect to the transactions contemplated by this Agreement. 

  

	(8)	Bring-Down Officers’ Certificate – Mira. The Agents shall have received a certificate, dated as of the Closing Date, signed by the Chief Executive Officer and President of Mira, certifying for and on
behalf of Mira, to the best of their knowledge, information and belief, that: 

  

	 	(i)	no order, ruling or determination having the effect of suspending the sale or ceasing the trading in any securities of Mira (other than the current trading halt on the TSXV in respect of Mira) has been issued by any
Government Agency and is continuing in effect and no proceedings for that purpose have been instituted or are pending or, to the knowledge of such officers, contemplated or threatened by any Government Agency; 

 

	 	(ii)	since the date hereof, no material change relating to Mira has occurred for which the requisite material change report has not been filed on a non-confidential basis; 

 

	 	(iii)	Mira has duly complied with all the terms, covenants and conditions of this Agreement on its part to be complied with up to the Closing Time; and 

 

	 	(iv)	the representations and warranties of Mira contained in this Agreement are true and correct in all material respects as of the Closing Time with the same force and effect as if made at and as of the Closing Time after
giving effect to the transactions contemplated by this Agreement; 

  

	(9)	Regulatory Approvals. The Company having obtained all necessary approvals of any regulatory authority required in connection with the Offering prior to the Closing Time. 

 

	(10)	Subscription Agreements. The Subscription Agreements and the certificates representing the Subscription Receipts shall have been executed or endorsed, as applicable, and delivered by the parties thereto in form
and substance satisfactory to the Company, the Agents and their respective counsel, acting reasonably. 

  

	(11)	Subscription Receipt Indenture. The Subscription Receipt Indenture shall have been entered into by the parties thereto, on terms satisfactory to the Agents, acting reasonably. 

  
 18 

	(12)	Certificates of Status. The Agents shall have received a corporate certificate of status in respect of each of the Company, Mira and the subsidiaries. 

 

	(13)	Compensation Options. The Agents shall have received the Compensation Options via definitive certificates representing the Compensation Options in form attached hereto as Schedule D registered as directed by Beacon, on
behalf of the Agents. 

 6. Representations, Warranties and Covenants of the Agents 

Each of the Agents hereby severally and not jointly nor jointly and severally represents, warrants and covenants to the Company, as of the date
hereof and as of the Closing Time, intending that the same may be relied upon by the Company that: 
  

	 	(a)	it is a valid and subsisting corporation under the law of the jurisdiction in which it was incorporated and has good and sufficient power and authority to enter into this Agreement and complete the transactions under
this Agreement on the terms and conditions set forth herein; 

  

	 	(b)	the Agents will use their commercially reasonable best efforts to arrange for Purchasers in Canada, the United States and other jurisdictions; 

 

	 	(c)	the Agents have offered to sell, and will offer and sell, Subscription Receipts only to Persons who are “accredited investors” (as defined under Canadian Securities Laws), or to Persons otherwise exempt from
the prospectus and/or registration requirements of Applicable Securities Laws in Canada, the United States and other jurisdictions; 

  

	 	(d)	the Agents and the U.S. Affiliates have complied and will comply, and shall require any investment dealer or broker, other than the Agents or the U.S. Affiliates, with which the Agents or the U.S. Affiliates have a
contractual relationship in respect of the sale of the Subscription Receipts (each a “Selling Firm”) to comply, with all Applicable Securities Laws in connection with the offer and sale of the Subscription Receipts, and shall offer
the Subscription Receipts for sale to potential Purchasers on a private placement basis directly and through Selling Firms upon the terms and conditions set out in this Agreement, including Schedule H hereto. The Agents and the U.S. Affiliates have
offered and will offer, and shall require any Selling Firm to offer, for sale to potential Purchasers on a private placement basis and sell the Subscription Receipts only in those jurisdictions where they may be lawfully offered for sale or sold.
The Agents shall use their reasonable commercial efforts to ensure that any Selling Firm appointed pursuant to this Agreement complies with the covenants and obligations of the Agents hereunder; 

 

	 	(e)	 the Agents and their representatives (including any Selling Firms) have not engaged in or authorized, and will not engage in or authorize, any form of
general solicitation or general advertising in connection with or in respect of the Subscription Receipts in any newspaper, magazine, printed media of general and regular paid circulation or any similar medium, or broadcast over

  
 19 

	 	
radio, television or otherwise or conducted any seminar or meeting concerning the offer or sale of the Subscription Receipts whose attendees have been invited by any general solicitation or
general advertising; 

  

	 	(f)	other than the Presentation and any other documents previously approved by the Company for distribution to prospective Purchasers, including the term sheet in respect of the Offering, the Agents have not and will not:
(A) provide prospective Purchasers with any other document; or (B) solicit offers to purchase or sell the Subscription Receipts so as to require the filing of a prospectus or registration statement with respect thereto or the provision of
a contractual right of action (as defined in Ontario Securities Commission Rule 14-501) or a statutory right of action under the laws of any jurisdiction, including the United States; 

 

	 	(g)	the Agents will use their commercially reasonable efforts to obtain a duly completed and executed Subscription Agreement and all applicable undertakings and other forms required under Securities Laws for the purchase
and sale of the Subscription Receipts from each Purchaser; 

  

	 	(h)	the Agents have not made, and will not make, any representations or warranties about the Company and/or the Subscription Receipts, the Wind Shares or the Mira Listed Shares, except as set out in the Presentation and any
other documents previously approved by the Company for distribution to prospective Purchasers; 

  

	 	(i)	it is a broker or dealer properly registered under the Applicable Securities Laws where the nature of its business requires such registration and it is an “accredited investor” as such term is defined under
National Instrument 45-106 – Prospectus and Registration Exemptions by virtue of being registered under the applicable Canadian Securities Laws of a jurisdiction of Canada as an advisor or dealer (other than an exempt market dealer);

  

	 	(j)	it (i) is not a U.S. Person, (ii) did not receive the offer to acquire the Compensation Options in the United States, (iii) did not execute this Agreement and did not and will not receive any such
Compensation Options in the United States, and (iv) is not acquiring the Compensation Options for the account or benefit of a U.S. Person or a person in the United States; 

 

	 	(k)	it will be acquiring the Compensation Options as principal for its own account and not for the benefit of any other person; and 

  

	 	(l)	its representations and warranties in this section are true and correct and will remain so as of the Closing Date. 

The obligations of the Agents under this Section 6 are several and not joint or joint and several. No Agent will be liable for any act,
omission, default or conduct by any other Agent or any Selling Firm appointed by any other Agent. 

  
 20 

 7. Representations and Warranties of the Company 

Except as otherwise disclosed in a Schedule attached hereto and except as contemplated in this Agreement, the Company hereby represents and
warrants to the Agents as of the date hereof and as of the Closing Time, intending that the same may be relied upon by the Agents as follows: 
  

	(1)	Organization, Standing and Corporate Power. 

 The Company: 

 

	 	(a)	is a company or corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized and has the requisite power and authority to own and operate its assets and
to conduct its business as currently owned and conducted, except (other than with respect to the organization and existence) as would not, individually or in the aggregate, reasonably be expected to have an effect that would be Materially Adverse;

  

	 	(b)	is duly qualified or licensed to do business and is in good standing (where such concept is recognized under applicable law) in each jurisdiction in which the nature of its business or the ownership or leasing of its
property and assets makes such qualification or licensing necessary, except for failures to be duly qualified or licensed that would not, individually or in the aggregate, reasonably be expected to have an effect that would be Materially Adverse;

  

	 	(c)	has made available for review by the Agents complete and correct copies of its constating documents, together with amendments (if any) up to the date of this Agreement; and 

 

	 	(d)	is not in violation of any provision of its constating documents. 

  

	(2)	The Subsidiaries. 

  

	 	(a)	The Subsidiaries are the only subsidiaries of the Company. 

  

	 	(b)	The Material Subsidiary is the only material subsidiary of the Company. 

  

	 	(c)	All of the outstanding shares in the capital of the Subsidiaries have been validly issued and are fully paid and non-assessable and are directly or indirectly owned by the Company free and clear of all Liens and no
person has any option or right to acquire any of them. 

  

	 	(d)	Except for the shares of the Subsidiaries, the Company does not own, directly or indirectly, any capital stock or other ownership interest in any Person. 

  
 21 

	(3)	Share Capital and Convertible Securities. 

  

	 	(a)	The authorized capital stock of the Company and the issued and outstanding capital stock of the Company on a pre-Consolidation basis, as at the date hereof is as follows: 

 

					
	 Class
	  	Authorized Shares	  	Issued and Outstanding
	 Wind Shares
	  	44,000,000	  	20,000,075
	 Series X Preferred Shares (Series X-1 and Series X-2)
	  	6,000,000 (3,000,000
Series X-1 and
3,000,000 Series X-2)	  	nil

  

	 	(b)	The authorized capital stock of the Company and the issued and outstanding capital stock of the Company following the Consolidation and the conversion of the Convertible Notes and Subscription Receipts to Wind Shares
(assuming no further conversion of convertible securities) but immediately prior to the closing of the Merger will be as follows: 

  

					
	 Class
	  	Authorized Shares	  	Issued and Outstanding
	 Wind Shares
	  	44,000,000	  	16,224,942
	 Series X Preferred Shares (Series X-1 and Series X-2)
	  	6,000,000 (3,000,000
Series X-1 and
3,000,000 Series X-2)	  	nil

  

	 	(c)	Except for the Convertible Notes, neither the Company or any of its Subsidiaries have any bonds, debentures, notes or other indebtedness having the right to vote (or convertible into, or exchangeable for, securities
having the right to vote) on any matters on which shareholders are entitled to vote. 

  

	 	(d)	As at the date hereof, the number of options of the Company exercisable for an equal number of Wind Shares on a pre-Consolidation basis and the terms thereof are as follows: 

 

					
	 Number of Options
	  	Exercise Price	  	Expiration Date
	 2,838,118
	  	US$1.02 - $62.69	  	2015 – 2021

  

	 	(e)	The number of options of the Company exercisable for an equal number of Wind Shares and the terms thereof following the Consolidation but immediately prior to the closing of the Merger will be as follows:

  

					
	 Number of Options
	  	Exercise Price	  	Expiration Date
	 1,821,988
	  	US$1.59 - $97.65	  	2015 – 2021

  
 22 

	 	(f)	Other than pursuant to the Convertible Notes and the above noted options, neither the Company or any of its Subsidiaries has an outstanding contractual obligation or other requirement to: 

 

	 	(i)	repurchase, redeem or otherwise acquire or issue any shares or securities of the Company or any of its Subsidiaries; or 

  

	 	(ii)	provide funds to or make any investment (in the form of a loan, capital contribution or otherwise) in, any Subsidiary of the Company or any other person (other than to a service provider of the Company or any of its
Subsidiaries, for services rendered to any of such entities). 

  

	 	(g)	Neither the Company or any of its respective Subsidiaries have any outstanding stock appreciation rights, phantom equity or similar rights, agreements, arrangements or commitments based upon their book value, income or
any other attribute. 

  

	(4)	Authority; Non-Contravention. 

  

	 	(a)	The Company has the requisite corporate power and capacity to enter into and perform its obligations under this Agreement, the Subscription Agreements, the Subscription Receipt Indenture and the certificates
representing the Subscription Receipts and Compensation Options, and to carry out the transactions contemplated hereby, including to create, issue and sell the Subscription Receipts, to issue the Wind Shares upon conversion of the Subscription
Receipts, to create and issue the Compensation Options, and to create and issue the Compensation Option Shares upon exercise of the Compensation Options. Prior to the Company entering into the Merger Agreement, the Company will have the requisite
corporate power and capacity to enter into and perform its obligations under the Merger Agreement. 

  

	 	(b)	The Company has taken all necessary corporate action to authorize the entering into of, and performance by it under, this Agreement, the Subscription Agreements, the Subscription Receipt Indenture, the certificates
representing the Subscription Receipts and the Compensation Options, and such documents have been duly authorized, executed and delivered by the Company. Prior to the Company entering into the Merger Agreement, the Company will have taken all
necessary corporate action to authorize the entering into of, and performance by it of its obligations under, the Merger Agreement. 

  

	 	(c)	The Company has taken all necessary corporate action to authorize the creation, issuance and sale of the Subscription Receipts, and the issuance of the Wind Shares issuable upon conversion of the Subscription Receipts,
the creation and issuance of the Compensation Options, and the issuance of the Compensation Option Shares issuable upon exercise of the Compensation Options. 

  
 23 

	 	(d)	This Agreement, the Subscription Agreements and the Subscription Receipt Indenture, the certificates representing the Subscription Receipts and the Compensation Options, when executed and delivered by the Company and
the other parties thereto, and prior to the Release Event, the Merger Agreement will constitute legal, valid and binding obligations of, and will be enforceable against, the Company, in accordance with their respective terms (subject to bankruptcy,
insolvency, liquidation, reorganization, moratorium or other Laws affecting the rights of creditors generally, general equitable principles including the availability of equitable remedies and subject to such other standard assumptions and
qualifications including the qualification that no opinion need be expressed as to rights to indemnity, contribution and waiver and the ability to sever unenforceable terms). 

 

	 	(e)	The authorization, execution and delivery by the Company of, and the performance by the Company of its obligations under, this Agreement, the Subscription Agreements, the Subscription Receipt Indenture, the certificates
representing the Compensation Options and the issue of the Subscription Receipts, the Wind Shares, the Compensation Options and the Compensation Option Shares, do not and will not, conflict with, or result in any breach of, or constitute (with or
without notice or lapse of time or both) a default under, any of the provisions of: 

  

	 	(i)	the constating documents of the Company; 

  

	 	(ii)	any resolution of the directors or the shareholders of the Company; 

  

	 	(iii)	any contracts of the Company or the Subsidiaries; or 

  

	 	(iv)	any Law applicable to the Company or the Subsidiaries or their respective property and assets, 

except for breaches and defaults that would not, individually or in the aggregate, reasonably be expected to have an effect that would be
Materially Adverse. 
  

	 	(f)	The Subscription Receipts have been validly authorized by the Company, and upon the Company receiving payment of the Offering Price, the Subscription Receipts will be validly issued, and upon conversion of the
Subscription Receipts in accordance with the terms of the Subscription Receipt Indenture, the Wind Shares will be validly issued and outstanding as fully paid and non-assessable shares of common stock of the Company and the Compensation Options will
be validly issued by the Company, and upon exercise of the Compensation Options in accordance with the certificates representing the Compensation Options and upon the Company receiving payment therefor, the Compensation Option Shares will be validly
issued and outstanding as fully paid and non-assessable shares of common stock of the Company. 

  

	 	(g)	All necessary regulatory consents for the Offering have been obtained by the Company. 

  
 24 

	(5)	Filings. All filings and fees required to be made and paid by the Company pursuant to Applicable Securities Laws and general corporate law have been made and paid in accordance with applicable Laws, except for
such failure to file or to pay that would not reasonably be expected to have an effect that would be Materially Adverse. 

  

	(6)	Use of Proceeds. The Company shall use the proceeds from the Offering as set out in the term sheet attached to the Subscription Agreements; provided that, although the Company intends to use the proceeds as set
out in the term sheet, there may be circumstances where, for sound business reasons, a reallocation may be necessary or desirable. 

  

	(7)	Intellectual Property. 

  

	 	(a)	Schedule E-1 includes complete and accurate particulars of all registrations and applications for registration of the Intellectual Property, including domain names and internet addresses, owned by or licensed to the
Company or the Subsidiaries or used by the Company and the Subsidiaries in carrying on the business of the Company and the Subsidiaries. All of the Company’s owned Intellectual Property which has been registered or applied for is valid and has
been properly maintained and renewed by the Company in accordance with all applicable Laws and the Company’s business objectives; the Company or the Subsidiaries own and possess all right, title and interest in and to, or has a valid,
enforceable, and transferable license to use all Intellectual Property used by the Company or the Subsidiaries in, and necessary for, the conduct of the Company’s or the Subsidiaries’ business, as now conducted and currently proposed to be
conducted, free and clear of all encumbrances, except where such failure to own or possess the valid right to use such Intellectual Property would not, individually or in the aggregate, be Materially Adverse to the Company or the Subsidiaries, taken
as a whole. To the knowledge of the Company, there is no material unauthorized use, disclosure, infringement or misappropriation by third parties of any of the Company’s or the Subsidiaries’ Intellectual Property and there are no
legal or governmental actions, suits, proceedings or claims pending or, to the knowledge of the Company, threatened, against the Company or the Subsidiaries (i) challenging the Company’s or the Subsidiaries’ right in or to any
Intellectual Property; (ii) challenging the validity or scope of any Intellectual Property owned by the Company or the Subsidiaries; or (iii) alleging that the operation of the Company’s or the Subsidiaries’ business as now
conducted infringes or otherwise violates any Intellectual Property right, or other proprietary right(s) of a third party and which infringement, invalidity, inadequacy or violation would, individually or in the aggregate, be Materially Adverse to
the Company and the Subsidiaries, taken as a whole, and the Company is unaware of any facts which would form a valid basis for any such claim. Neither the Company nor any of the Subsidiaries have brought or threatened any action, suit or
proceeding for unauthorized use, disclosure, infringement or misappropriation of such Intellectual Property or breach of any license or agreement involving such Intellectual Property against any third party, which in either case, would, individually
or in the aggregate, be Materially Adverse to the Company and the Subsidiaries, taken as a whole. 

  
 25 

	 	(b)	To the knowledge of the Company, the Intellectual Property and domain names and internet addresses owned by or otherwise licensed to the Company or the Subsidiaries or which the Company or the Subsidiaries otherwise
have the right to use as set out on Schedule E-1 constitutes all Intellectual Property, domain names and internet addresses necessary for the conduct of the business of the Company and the Subsidiaries as presently conducted. 

 

	 	(c)	The Company’s products being used by third parties carry appropriate copyright and trade-mark notices indicating copyright and trade-mark ownership by the Company or one of the Subsidiaries, including those being
used in connection with any licensing agreement entered into by the Company. 

  

	 	(d)	The Company has entered into agreements: (i) that protect the Company’s confidential information (including Intellectual Property), including but not limited to, where the Company has entered into licensing
agreements for the use of its Intellectual Property, or where it has otherwise engaged in discussions with third parties pursuant to which material, sensitive Company information may be disclosed; and (ii) that require assignment to the Company
of all Intellectual Property developed as a result of work being performed by a third party on behalf of the Company in the instances where the Company has engaged a third party with respect to the creation of software or other material services
relating to Company products or other important Company materials. 

  

	 	(e)	All of the Company’s present and, to the knowledge of the Company, past employees and any applicable independent contractors have signed an agreement transferring all Intellectual Property rights and waiving all
applicable moral rights in and to all Intellectual Property created during the course of their employment to the Company. 

  

	(8)	Environmental Matters. 

  

	 	(a)	To the knowledge of the Company, the Company and the Subsidiaries are and have been in material compliance with all applicable Environmental Laws, except for instances of non-compliance that would not, individually or
in the aggregate, reasonably be expected to be Materially Adverse. 

  

	 	(b)	The Company has not received inquiry from or notice of a pending investigation from any Government Agency or of any administrative or judicial proceeding concerning the violation of any applicable Laws or any
Environmental Liabilities. 

  

	(9)	Financial Statements. 

  

	 	(a)	The audited financial statements of the Company for the years ended December 31, 2012 and 2011 and the unaudited condensed interim financial statements for the nine month periods ended September 30, 2013 and
2012 (the “Financial Statements”) copies of which are set forth in Schedule F attached hereto: 

  

	 	(i)	present fairly, in all material respects, the financial position of the Company and the income statement, cash flows and changes in financial information of the Company for the periods specified in the Financial
Statements; 

  
 26 

	 	(ii)	do not contain any untrue statement of a material fact or omit to state a material fact required to be stated under GAAP or that is necessary to make a statement not misleading in light of the circumstances under which
it was made, with respect to the period covered by the Financial Statements; and 

  

	 	(iii)	have been prepared in accordance with GAAP. 

  

	(10)	Undisclosed Liabilities. Other than as disclosed in the Financial Statements or the Filing Statement, the Company does not have any liabilities or obligations of any nature, whether known or unknown, absolute,
accrued, contingent or otherwise and whether due or to become due, that, individually or in the aggregate, are Materially Adverse. 

  

	(11)	Absence of Certain Changes or Events. Other than the transactions contemplated herein and the Merger, and other than as contemplated by the Merger Agreement or disclosed in the Financial Statements or the Filing
Statement, since December 31, 2013 the Company and the Subsidiaries have conducted their business only in the ordinary course and: 

  

	 	(a)	there has not been any event, change, effect or development (including any decision to implement such a change made by the board of directors of the Company or the Subsidiaries in respect of which senior management
believes that confirmation of the board of directors is probable), which, individually or in the aggregate, is Materially Adverse; 

  

	 	(b)	there has not been any declaration, setting aside or payment of any dividend or other distribution (whether in cash, stock or property) with respect to any of their shares of common stock of the Company;

  

	 	(c)	neither the Company nor Subsidiaries have engaged in any action other than in the ordinary course which, if performed after the date of this Agreement, would violate this Section 7; and 

 

	 	(d)	no liability or obligation of any nature (whether absolute, accrued, contingent or otherwise) that is Materially Adverse has been incurred other than in the ordinary course of business consistent with past practice.

  
 27 

	(12)	Disclosure. 

  

	 	(a)	The Company has not failed to disclose to the Agents in writing or otherwise any information known to the Company regarding any event or circumstance or any action taken or failed to be taken that is Materially Adverse.

  

	 	(b)	Except for forward-looking statements (including but not limited to financial and business forecasts or projections) and subject to the risk factors identified in the Presentation, the Presentation did not include any
untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. 

  

	(13)	Taxes. All Taxes due and payable or required to be collected or withheld and remitted, by the Company and the Subsidiaries have been paid, collected or withheld and remitted, as applicable, except where the
failure to pay such Taxes is not Materially Adverse. 

  

	(14)	Compliance. 

  

	 	(a)	Except for any conflicts, defaults or violations that are not, individually or in the aggregate (taking into account the impact of any cross-defaults), Materially Adverse, each of the Company and the Subsidiaries has
complied with, and is not in conflict with, or in default (including cross defaults) under or in violation of: 

  

	 	(i)	its constating documents; or 

  

	 	(ii)	any Law or Permit applicable to it, its business or operations or by which any of its property and assets is bound or affected. 

  

	 	(b)	As of the Closing Date, each of the Company and the Subsidiaries has or will have complied with each of its covenants and obligations under this Agreement. 

 

	(15)	Pre-Emptive Rights. No holder of outstanding securities of the Company is entitled to any pre-emptive or any similar rights to subscribe for Subscription Receipts and as of the closing of the Merger, no holder of
outstanding securities of the Company will be entitled to any pre-emptive or any similar rights to subscribe for securities of the Company. 

  

	(16)	Change in Law. Except as described in Schedule E-2, neither the Company nor the Subsidiaries are aware of any pending change to any applicable Law that could reasonably be expected to have an effect that would be
Materially Adverse. 

  

	(17)	Employment Matters. 

  

	 	(a)	Neither the Company nor the Subsidiaries had or has any collective bargaining agreements with respect to its Employees. There is no labour strike, dispute or stoppage pending or, to the knowledge of the Company after
due inquiry, threatened against the Company or the Subsidiaries, and neither the Company nor the Subsidiaries has experienced any labour strike, dispute, slowdown or stoppage or other labour difficulty involving its Employees. 

  
 28 

	 	(b)	Neither the Company nor the Subsidiaries are subject to any litigation (actual or, to the knowledge of the Company, threatened) relating to employment or termination of employment of its Employees, other than those
claims or litigation that are not, individually or in the aggregate, Materially Adverse. 

  

	 	(c)	The Company and the Subsidiaries have operated in accordance with all applicable Laws with respect to employment and labour, including employment and labour standards, occupational health and safety, employment equity,
pay equity, workers’ compensation, human rights and labour relations, except where failure to do so would not reasonably be expected to have an effect that would be Materially Adverse, and there are no current, pending or, to the knowledge of
the Company or the Subsidiaries, threatened proceedings before any Government Agency with respect thereto. 

  

	 	(d)	No current or former employee, officer or director or the Company or the Subsidiaries is entitled to a severance, termination or other similar payment as a result of the Merger. 

 

	 	(e)	No Person would be entitled: (i) to a payment under a Contract with the Company or the Subsidiaries as a result of the Merger or the Offering; or (ii) to terminate a Contract with the Company or the
Subsidiaries, as a result of the Merger. 

  

	(18)	Books and Records. The corporate minute books of the Company and the Subsidiaries contain minutes of all meetings and resolutions of the directors and shareholders held, and full access thereto has been provided
to the Agents and their counsel. 

  

	(19)	Non-Arm’s Length Transactions. Other than employment agreements or other agreements pursuant to which employees may receive compensation between the Company and its employees, and other than as disclosed in
the Financial Statements or the Filing Statement, there are no Contracts or other transactions currently in place between the Company or the Subsidiaries and (i) any officer or director of the Company or the Subsidiaries; (ii) any holder
of the Company’s common stock or other securities of the Company; or (iii) any associate of the foregoing. 

  

	(20)	Litigation. There is no suit, action or proceeding pending or, to the knowledge of the Company, threatened against the Company or the Subsidiaries that, individually or in the aggregate has, or that would
reasonably be expected to have, an effect that is Materially Adverse or that would reasonably be expected to delay or prevent the Offering, and there is no judgment, decree, injunction, rule or order of any Government Agency or arbitrator
outstanding against the Company or the Subsidiaries that is Materially Adverse or that would reasonably be expected to prevent or delay the Offering. 

  
 29 

	(21)	No Other Commissions. Other than the Agents, there are no persons acting or purporting to act at the request or on behalf of the Company that are entitled to any brokerage or finder’s fee in connection with
the transactions contemplated by this Agreement. 

  

	(22)	No Unlawful Payments. No payments or inducements were made or given, directly or indirectly, to any officials (foreign or domestic) by the Company or the Subsidiaries, or by any of their officers, directors or
employees, or any associates of any of the foregoing or, to the knowledge of the Company, their agents or any of their associates, in connection with any opportunity, agreement, licence, permit, certificate, consent, order, approval, waiver or other
authorization related to the business of the Company or the Subsidiaries, except for such payments or inducements that were lawful under the laws, rules and regulations of the country in which they were made. Neither the Company nor any of the
Subsidiaries has used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity, made any direct or indirect unlawful payment to any foreign or domestic government official or
employee from corporate funds, or made any other unlawful payment. 

  

	(23)	Status under United States Tax Laws. It is ‘more likely than not’ that the Company should not be, and should not be considered to have been a United States real property holding company under applicable
United States tax laws during the period beginning with its incorporation through December 31, 2013. The Company is not aware of any changes since December 31, 2013 that would cause the Company to be considered a United States real
property holding company under applicable United States tax laws as of the date hereof. 

  

	(24)	United States Tax Consequences to U.S. Purchasers. The Qualifying Transaction (including, without limitation, the Merger and Second Merger) and the Consolidation shall not cause a U.S. Purchaser to recognize any
gain for U.S. federal income tax purposes. 

  

	(25)	Investment Company. The Company is not, and as a result of the sale of the Subscription Receipts, it will not be, an “investment company” pursuant to the United States Investment Company Act of 1940, as
amended. 

  

	(26)	Contracts.  

  

	 	(a)	Other than as disclosed in Schedule G, the Company and its Subsidiaries do not have any additional material Contract as of the date hereof other than those entered in the ordinary course of business. 

 

	 	(b)	To the knowledge of the Company, any and all material Contracts of the Company and its Subsidiaries are valid and subsisting agreements in full force and effect, enforceable in accordance with their respective terms,
the Company and its Subsidiaries are not in default of any of the provisions of any such Contracts, except for any defaults that are not, individually or in the aggregate, reasonably be expected to have an effect that would be Materially Adverse,
nor has any such default been alleged, and the Company is not aware of any material disputes with respect thereto. 

  
 30 

	 	(c)	Other than as disclosed in Schedule G, the Company and its Subsidiaries do not have any additional debt instrument or any agreement, Contract or commitment to create, assume or issue any debt instrument.

  

	 	(d)	The Company is not a party to or bound or affected by any commitment, agreement or document which would prohibit or restrict the Company from entering into the Merger Agreement or completing the Merger.

  

	 	(e)	Other than as disclosed in Schedule I, no Person has any right to cause the Company to effect the registration under the U.S. Securities Act of any securities of the Company or any of the Subsidiaries.

  

	(27)	Insurance.  

  

	 	(a)	The insurance maintained by the Company and the Subsidiaries is customary of any company engaged in the business carried on by the Company and Subsidiaries and such insurance adequately covers all material risks
reasonably and prudently foreseeable in the operation and conduct of the business of the Company and the Subsidiaries, and the Company and the Subsidiaries are not in material default under the terms of any such policy. 

 

	 	(b)	There is no claim outstanding under any insurance policy of the Company or any Subsidiary as to which coverage has been questioned, denied or disputed by the underwriter of such policy, and there has been no notice of
cancellation or termination of, or premium increase with respect to, any such policy. 

  

	 	(c)	The Company and the Subsidiaries have paid all premiums due under their insurance policies and none of the Company or any Subsidiary is in default in any material respect under the terms of any of their insurance
policies. 

  

	(28)	 Anti-Bribery Laws. Neither the Company nor the Subsidiaries nor to the knowledge of the Company, any director, officer, employee, consultant,
representative or agent of the foregoing, has (i) violated any anti-bribery or anti-corruption laws applicable to the Company and the Subsidiaries, including but not limited to the U.S. Foreign Corrupt Practices Act and Canada’s
Corruption of Foreign Public Officials Act, or (ii) offered, paid, promised to pay, or authorized the payment of any money, or offered, given, promised to give, or authorized the giving of anything of value, that goes beyond what is
reasonable and customary and/or of modest value: (X) to any Government Official, whether directly or through any other person, for the purpose of influencing any act or decision of a Government Official in his or her official capacity; inducing
a Government Official to do or omit to do any act in violation of his or her lawful duties; securing any improper advantage; inducing a Government Official to influence or affect any act or decision of any Government Agency; or assisting any
representative of the Company or the Subsidiaries in obtaining or retaining business for or with, or directing business to, any person; or (Y) to any 

  
 31 

	 	
person in a manner which would constitute or have the purpose or effect of public or commercial bribery, or the acceptance of or acquiescence in extortion, kickbacks, or other unlawful or
improper means of obtaining business or any improper advantage. Neither the Company nor the Subsidiaries nor to the knowledge of the Company, any director, officer, employee, consultant, representative or agent of foregoing, has (i) conducted
or initiated any review, audit, or internal investigation that concluded the Company, a Subsidiary or any director, officer, employee, consultant, representative or agent of the foregoing violated such laws or committed any material wrongdoing, or
(ii) made a voluntary, directed, or involuntary disclosure to any Government Agency responsible for enforcing anti-bribery or anti-corruption laws, in each case with respect to any alleged act or omission arising under or relating to
non-compliance with any such laws, or received any notice, request, or citation from any person alleging non-compliance with any such laws. 

  

	(29)	Investors’ Rights Agreement. On or before the Closing Time the right of first refusal in the Investors’ Rights Agreement will be terminated and will be of no further effect. 

 

	(30)	Convertible Notes. The Company represents that the Offering will constitute a “qualified financing” under the terms of the Convertible Notes (as defined below) and that upon satisfaction of the Escrow
Release Conditions and release of the Escrowed Funds, the senior secured convertible promissory notes, an aggregate principal amount of US$4,525,193 of which were issued on March 29, 2013, an additional aggregate principal amount of
US$2,000,000 of which were issued on August 30, 2013, and an additional aggregate principal amount of US$5,250,323 of which were issued on September 16, 2013 plus accrued interest on all of the foregoing to the date of conversion
(together, the “Convertible Notes”) will convert in accordance with their terms into Wind Shares. 

 8.
Representations and Warranties of Mira 
 Mira hereby represents and warrants to the Agents as of the date hereof and as of the Closing
Time, intending that the same may be relied upon by the Agents as follows: 
  

	(1)	Organization, Standing and Corporate Power. 

 Mira: 

 

	 	(a)	is a company or corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized and has the requisite power and authority to own and operate its assets and
conduct its business as currently owned and conducted, except (other than with respect to the organization and existence) as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect (Mira);

  

	 	(b)	is duly qualified or licensed to do business and is in good standing (where such concept is recognized under applicable law) in each jurisdiction in which the nature of its business or the ownership or leasing of its
property and assets makes such qualification or licensing necessary, except for failures to be duly qualified or licensed that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect (Mira);

  
 32 

	 	(c)	has made available for review by the Agents complete and correct copies of its constating documents, together with amendments (if any) up to the date of this Agreement; and 

 

	 	(d)	is not in violation of any provision of its constating documents. 

  

	(2)	Subsidiaries. Mira has no subsidiaries, nor any interest in any body corporate, partnership, joint ventures or other entity or Person and Mira is not a party to any agreement, option or commitment to acquire any
shares or securities of anybody corporate, partnership, trust, joint venture or other entity or Person (other than as contemplated for the Qualifying Transaction, including the incorporation of Mira Subco post-Closing). 

 

	(3)	Authority; Non-Contravention. 

  

	 	(a)	This Agreement has been duly authorized, executed and delivered by Mira. 

  

	 	(b)	Mira has all necessary corporate power, capacity and authority to enter into this Agreement and to carry out its obligations hereunder and thereunder and as contemplated hereby and thereby and, subject to the approval
of all applicable Government Agencies and the requisite director and shareholder approval and, to undertake the Merger, and this Agreement constitutes a valid and binding obligation of Mira enforceable against it in accordance with its terms,
subject, however, to limitations with respect to enforcement imposed by Law in connection with bankruptcy or similar proceedings and to the extent that equitable remedies such as specific performance and injunctions are in the discretion of the
court from which they are sought; 

  

	 	(c)	The entering into and the performance by Mira of the transactions contemplated in this Agreement: 

  

	 	(i)	do not require any consent, approval, authorization or order of any court or Government Agency, except that which may be required under Applicable Securities Laws or the rules or policies of the TSX or TSXV;

  

	 	(ii)	will not contravene any statute or regulation of any Government Agency which is binding on Mira; and 

  

	 	(iii)	other than obtaining all applicable approvals of directors, shareholders or applicable Government Agencies and effecting such approvals, will not result in the breach of, or be in conflict with, or constitute a default
under, or create a state of facts which, after notice or lapse of time, or both, would constitute a default under any term or provision of the Constating Documents, by-laws or resolutions of Mira or any mortgage, note, indenture, contract,
instrument, lease or other document to which Mira is a party, or any judgment, decree or order or any term or provision thereof. 

  
 33 

	(4)	Capital. 

  

	 	(a)	The authorized share capital of Mira consists of an unlimited number of common shares without nominal or par value, of which 12,500,000 common shares are issued and outstanding as fully paid and non-assessable shares in
the capital of Mira. 

  

	 	(b)	Mira is not a party to any agreement nor to Mira’s knowledge is there any agreement, which in any manner affects the voting control of any of the securities of Mira. 

 

	(5)	Options. No person has any agreement or option or any right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option or right or privilege, for the purchase,
subscription, allotment or issuance of any of the unissued shares in the capital of Mira or for the issue of any other securities of any nature or kind of Mira except for the 1,250,000 options to purchase an equal number of common shares of Mira
granted to directors and officers of Mira and the 250,000 options to purchase an equal number of common shares of Mira granted to certain agents in connection with Mira’s initial public offering. 

 

	(6)	Reporting Issuer. Mira is a “reporting issuer” within the meaning of the Securities Act (British Columbia) and the Securities Act (Alberta), is in material compliance with its obligations
as a reporting issuer, and none of the British Columbia Securities Commission, the Alberta Securities Commission nor the TSXV has issued any order preventing the Merger or the trading of any securities of Mira (other than the current trading halt on
the TSXV). 

  

	(7)	TSXV. 

  

	 	(a)	Mira is in material compliance with all policies and requirements of the TSXV, including without limitation Policy 2.4 of the TSXV, and has not carried on any business or activities except as permitted thereby.

  

	 	(b)	Mira does not own or have any interest in any asset or property of any kind whatsoever, other than cash or deposits with financial institutions, and Mira does not have an Agreement in Principle (as “Agreement in
Principle” is defined in the CPC Policy), other than the letter of intent between the Company and Mira dated January 15, 2014 (as amended). 

  

	 	(c)	Mira has undertaken no business since the date of its incorporation, except as permitted by the CPC Policy. 

  

	 	(d)	Mira has not made and will not make any payments which are prohibited by the CPC Policy (except as may be permitted by the TSXV). 

  

	 	(e)	the common shares of Mira are traded on the TSXV under the trading symbol “MRQ.P” but trading has been halted since January 16, 2014 pending closing of the Merger. 

 

	(8)	 Litigation. There is no suit, action or proceeding pending or, to the knowledge of Mira, threatened against Mira that, individually or in the
aggregate has, or that would reasonably be expected to have, a Material Adverse Effect (Mira) or that 

  
 34 

	 	
could delay or prevent the transactions contemplated by this Agreement, and there is no judgment, decree, injunction, rule or order of any Government Agency or arbitrator outstanding against Mira
that has resulted in a Material Adverse Effect (Mira) or that could prevent or delay the transactions contemplated by this Agreement. 

  

	(9)	Bankruptcy, Insolvency. No bankruptcy, insolvency or receivership proceedings have been instituted by Mira or, to the knowledge of Mira, are pending against Mira; 

 

	(10)	Contracts.  

  

	 	(a)	Other than as publicly disclosed, Mira has not entered into any material Contract as of the date hereof. 

  

	 	(b)	To the knowledge of Mira, any and all material Contracts of Mira are valid and subsisting Contracts in full force and effect, enforceable in accordance with their respective terms, Mira is not in default of any of the
material provisions of any such Contracts including without limitation failure to fulfil any payment or work obligation thereunder nor has any such default been alleged, Mira is not aware of any material disputes with respect thereto.

  

	 	(c)	Mira is not bound by or a party to any employment Contracts. 

  

	 	(d)	Mira is not a party to any debt instrument or any agreement, Contract or commitment to create, assume or issue any debt instrument. 

  

	 	(e)	Except to the extent that Mira must comply with the policies of the TSXV and applicable Laws, Mira is not a party to or bound or affected by any commitment, agreement or document which would prohibit or restrict Mira
from entering into the Merger Agreement or completing the Merger. 

  

	(11)	Non-Arm’s Length. Except as disclosed in the Mira Financial Statements, Mira has not engaged in any transaction with any non-arm’s length Person;

  

	(12)	Taxes. 

  

	 	(a)	 As of the date of this Agreement, if required, Mira has duly and in a timely manner filed all Tax returns and reports required by Laws to have been
filed by it (except for such Tax returns and reports with respect to which the failure to timely file would not have a Material Adverse Effect (Mira)), has duly reported all income and other amounts required to be reported and has paid all Taxes to
the extent that such Taxes have been assessed by the relevant taxation authority. To the extent required, Mira has duly and in a timely manner paid, deducted, withheld, collected and remitted all Taxes required to be paid, deducted, withheld,
collected and remitted by it and has made full provision, in accordance with Canadian GAAP, for (including properly accruing and reflecting on its books and records) all Taxes that are not yet due, that relate to periods (or portions thereof) ending
prior to the date of this Agreement. The Mira Financial Statements contain adequate provision for all Taxes, assessments and levies imposed on Mira, or their property or rights, 

  
 35 

	 	
arising out of operations on or before the date of the balance sheet set forth in the Mira Financial Statements in accordance with Canadian GAAP, regardless of whether such amounts are payable
before or after the Effective Date. No deficiency in payment of any Taxes for any period has been asserted by any Government Agency and remains unsettled at the date hereof. There are no actions, suits, examinations, proceedings, investigations,
audits or claims now pending or threatened or, to the knowledge of Mira, contemplated against Mira in respect of any Taxes and there are no matters under discussion with any Government Agency relating to any Taxes. 

 

	 	(b)	Mira is a “taxable Canadian corporation” within the meaning of the Income Tax Act (Canada). 

  

	(13)	No Other Commissions. There is no Person, firm or company acting or purporting to act at the request of Mira who is entitled to any brokerage or finder’s fee in connection with the Offering, the Merger or
this Agreement. 

  

	(14)	Dividends. Since the date of its incorporation, Mira has not, directly or indirectly, declared or paid any dividend or declared or made any other distribution on Mira Shares or securities of any class, or,
directly or indirectly, redeemed, purchased or otherwise acquired any Mira Shares or securities or agreed to do any of the foregoing; 

  

	(15)	Corporate Records. The corporate records and minute books of Mira provided for review by counsel to the Agents contain, in all material respects, complete and accurate minutes of all meetings of the directors and
shareholders since its date of incorporation, together with the full text of all resolutions of directors and shareholders passed in lieu of such meetings, duly signed. 

 

	(16)	Non-Arm’s Length Parties. To the best of Mira’s knowledge, none of the Non-Arm’s Length Parties to Mira (as defined for the purposes of the rules of the TSXV) have any direct or indirect interest
in the Company’s assets or the Company or any other relationship which would result in the Merger requiring approval of Mira’s shareholders under the rules of the TSXV. 

 

	(17)	Filings. 

  

	 	(a)	Mira is current in the filing of all public disclosure documents required to be filed by Mira under applicable Laws and stock exchange rules, there are no filings that have been made on a confidential basis and all of
such filings comply with the requirements of all applicable Laws. 

  

	 	(b)	No portion of the public disclosure documents filed by Mira under applicable securities Laws and stock exchange rules contained a misrepresentation (as such term is defined in the Securities Act (British
Columbia)) as at its date of public dissemination. 

  
 36 

 9. Covenants of the Company and Mira 

 

	(1)	Each of the Company and Mira severally and not jointly nor jointly and severally covenants with the Agents that: 

  

	 	(a)	it will use its commercially reasonable efforts to fulfil all legal requirements to permit the creation, issuance, offering and sale of the Subscription Receipts and the Compensation Options and, subsequently, the Wind
Shares and the Mira Compensation Options, as contemplated in this Agreement (including, without limitation, filing or causing to be filed all forms and in accordance with the Subscription Receipt Indenture or undertakings required in connection with
the Offering pursuant to Applicable Securities Laws so that the distribution of the Subscription Receipts and Compensation Options may be conducted without a prospectus, registration statement or offering memorandum in the Jurisdictions and the
United States), and duly, punctually and faithfully perform all of the obligations to be performed by it under Subscription Agreements, provided that, in the case of Mira, the Agents acknowledge that these matters are subject to the approval by the
shareholders of Mira; 

  

	 	(b)	if, from the date hereof to the earlier of the Release Event and the Release Deadline, it receives notice of or discovers any material change (actual, anticipated, contemplated or threatened) or such a material change
shall occur, or if any new fact is discovered or occurs, which in both cases it believes may be material to the business and affairs of the Company (including with respect to the Merger), the Company will promptly notify the Agents and their counsel
in writing of the full particulars thereof; 

  

	 	(c)	it will, in good faith, discuss with the Agents any change, event or fact which is of such a nature that there may be reasonable doubt as to whether notice should be given to the Agents under Section 9(1)(b) of
this Agreement; 

  

	 	(d)	until the earlier of the Release Event and the Release Deadline it will provide the Agents and their counsel with the opportunity to review and comment on any press release of the Company or Mira relating to the Merger
or the Offering prior to release; 

  

	 	(e)	it will use commercially reasonable efforts to assist the Purchasers of the Subscription Receipts who are Eligible Holders to complete any desired tax election (the “Tax Election”) pursuant to
subsection 85(1) or subsection 85(2) of the Income Tax Act (Canada) (and any similar provision of any provincial tax legislation) in connection with the receipt of the Mira Listed Shares pursuant to the Qualifying Transaction, if applicable,
and that it will contact each applicable Eligible Holder at the address indicated on the face page of the Subscription Agreement within a reasonable time following the completion of the Qualifying Transaction in this respect; and 

 

	 	(f)	it will use commercially reasonable efforts to provide to Eligible Holders a Tax Election package providing detailed instructions on how to complete the Tax Election forms and such Tax Election package will be available
on its website immediately following the completion of the Qualifying Transaction. 

  
 37 

	(2)	Each of the Company and Mira covenants with the Agents that it will not, directly or indirectly, without the prior written consent of the Agents, such consent not to be unreasonably withheld: (a) issue, offer,
sell, contract to sell, secure, pledge, grant any option, right or warrant to purchase or otherwise lend, transfer or dispose of (or announce any intention to do so) any equity securities of the Company and Mira or any securities convertible into,
or exchangeable or exercisable for, equity securities of the Company or Mira, as applicable; or (b) make any short sale, engage in any hedging transactions, or enter into any swap or other arrangement that transfers to another, in whole or in
part, any of the economic consequences of ownership of securities of the Company and Mira, whether any such transaction described in this Section 9(2) is to be settled by delivery of shares of common stock of the Company or common shares or
Mira, as applicable, other securities, cash or otherwise, for a period commencing on the date hereof and ending on the earlier of the termination of this Agreement in accordance with its terms and one hundred and twenty (120) days from the date
hereof, except securities issued: (i) in connection with options and shares issued upon their exercise pursuant to the Company’s or Mira’s stock option plan in effect on the date hereof; (ii) pursuant to the exercise of
convertible securities, including convertible debt, options or warrants outstanding at the date hereof; or (iii) pursuant to the issuance of securities in connection with the purchase price, or a portion thereof, for an acquisition; or
(iv) pursuant to the Offering. 

 10. Closing 

 

	(1)	At the Closing Time, the Agents will deliver the gross proceeds of the Offering less the Agents’ expenses in accordance with the Subscription Receipt Indenture. 

 

	(2)	The gross proceeds from the Offering less the expenses of the Agents payable at the Closing Time (the “Escrowed Proceeds”) shall be deposited into escrow with a third party escrow agent (the
“Subscription Receipt Agent”) pursuant to an agreement between the Company, the Agents and the Subscription Receipt Agent (the “Subscription Receipt Indenture”). The Escrowed Proceeds shall be invested in an
interest-bearing account with a Schedule I Canadian bank and subject to the policies of the Subscription Receipt Agent. The Escrowed Funds shall be released from escrow to the Company and the Agents in accordance with the Subscription Receipt
Indenture, and the Subscription Receipts shall be automatically converted into Wind Shares upon the occurrence of the Escrow Release Conditions. 

  

	(3)	At the Closing Time, subject to the terms and conditions contained in this Agreement, the Company shall deliver to the Agents the Subscription Receipts via definitive certificate(s) representing the Subscription
Receipts and the Compensation Options, in each case registered as directed by Beacon, on behalf of the Agents. 

 11.
Post-Closing Covenants 
  

	(1)	The Company covenants that following the Closing Date: 

  

	 	(a)	it shall use commercially reasonable efforts to cause that the Escrow Release Conditions are satisfied prior to the Release Deadline; 

  
 38 

	 	(b)	it shall negotiate in good faith the terms of and enter into the Merger Agreement and it shall use commercially reasonable efforts to complete the Merger as soon as possible following the Closing Date;

  

	 	(c)	it shall not amend or terminate the Subscription Receipt Indenture, without the consent of the Agents; 

  

	(2)	Mira covenants that following the Closing Date: 

  

	 	(a)	it shall negotiate in good faith the terms of and enter into the Merger Agreement and it shall use commercially reasonable efforts to complete the Merger as soon as possible following the Closing Date;

  

	 	(b)	it shall use commercially reasonable efforts to cause Mira to have the Mira Listed Shares listed for trading on the TSX or TSXV; and 

 

	 	(c)	it shall use commercially reasonable efforts to take all necessary steps to propose resolutions to its shareholders in accordance with applicable Laws to and use its commercially reasonable efforts to effect after
receiving shareholder approval: (i) amend its articles to (a) create the Mira Restricted Voting Shares; (b) change its name to “Northern Power Systems Corp.” or such other similar name that may be agreed upon by Mira and the
Company; and (c) consolidate its outstanding common shares on the basis of one post-consolidation common share for every 30 to 40 pre-consolidation common shares, with the final consolidation ratio to be set by Mira’s board of directors
within the range approved by shareholders. 

  

	(3)	Upon completion of the Merger in accordance with the terms described in the Filing Statement, and assuming the accuracy of the representations and warranties made to the Company by various parties in connection with the
Qualifying Transaction and the Offering, Mira shall be a “foreign private issuer” as defined in Rule 3b-4 promulgated under the United States Securities Exchange Act, as amended. 

 

	(4)	For greater certainty, the obligations set forth in this Section 11 above shall survive the completion of the Offering. Any failure to comply with the obligations set forth in this Section 11 above to be
complied with prior to the Release Event shall, unless waived in writing by the Agents, be deemed to be a material breach of the covenants of the Company under this Agreement for the purposes of the Escrow Release Conditions. 

12. Termination Rights 
  

	(1)	Due Diligence Out. In the event that the due diligence investigations performed by the Agents or the Agents’ representatives reveal any material information or fact, which, in the sole opinion of the Agents
or any of them, acting reasonably, is Materially Adverse, or materially adversely affects the price or value of the Subscription Receipts, any Agent, or all of them, shall be entitled, at their sole option, acting reasonably, and in accordance with
Section 12(8) of this Agreement, to terminate their obligations under this Agreement (and the obligations of the Purchasers under the Subscription Agreements, if any) by written notice to that effect given to the Company prior to the Closing
Time. 

  
 39 

	(2)	Litigation. If any inquiry, action, suit, investigation or proceeding, whether formal or informal (including matters of regulatory transgression or unlawful conduct), is commenced, announced or threatened in
relation to the Company, Mira or a subsidiary of the Company or Mira, or any of their respective officers, directors or shareholders, each of the Agents, or all of them, shall be entitled, at their sole option, acting reasonably, and in accordance
with Section 12(8) of this Agreement, to terminate their obligations under this Agreement (and the obligations of the Purchasers under the Subscription Agreements, if any) by written notice to that effect given to the Company prior to the
Closing Time, provided that such inquiry, action, suit, investigation or proceeding, in the sole opinion of any Agent, or all of them, acting reasonably, would, if determined in a manner adverse to the Company or a Subsidiary of the Company, be
Materially Adverse or materially adversely affect the price or value of the Subscription Receipts. 

  

	(3)	Disaster Out. If there should develop, occur or come into effect or existence any event, action, state, condition (including without limitation, terrorism or accident) or major financial occurrence of national or
international consequence or any law or regulation which in the sole opinion of the Agents, or any one of them, seriously adversely affects, or involves, or could reasonably be expected to seriously adversely affect, or involve, the financial
markets or the business, operations or affairs of the Company, Mira or a subsidiary of the Company or Mira taken as a whole or the market price or value of the Subscription Receipts, each of the Agents, or all of them, shall be entitled, at their
sole option, acting reasonably, and in accordance with Section 12(8) of this Agreement, to terminate their obligations under this Agreement (and the obligations of the Purchasers under the Subscription Agreements, if any) by written notice to
that effect given to the Company prior to the Closing Time. 

  

	(4)	Change in Material Fact. In the event that the Agents or any of them, through their due diligence investigations or otherwise, discover, or there should occur, a material change or a change in a material fact or
a new material fact shall arise, which, in the sole opinion of the Agents or any of them, acting reasonably, is Materially Adverse, or materially adversely affects the price or value of the Subscription Receipts, each of the Agents, or all of them,
shall be entitled, at their sole option, acting reasonably, and in accordance with 12(8) of this Agreement, to terminate their obligations under this Agreement (and the obligations of the Purchasers under Subscription Agreements, if any) by written
notice to that effect given to the Company prior to the Closing Time. 

  

	(5)	Regulatory Out. In the event that any Law is promulgated or changed which, in the sole opinion of the Agents or any of them, acting reasonably, is Materially Adverse, or has a material adverse effect on the
financial markets generally, or on the price or value of the Subscription Receipts, each Agent or all of them, shall be entitled, at their sole option, acting reasonably, and in accordance with Section 12(8) of this Agreement, to terminate
their obligations under this Agreement (and the obligations of the Purchasers under the Subscription Agreements, if any) by written notice to that effect given to the Company prior to the Closing Time. 

  
 40 

	(6)	Market Out. In the event that the state of the financial markets becomes such that, in the sole opinion of the Agents or any of them, acting reasonably, the Subscription Receipts cannot be marketed profitably,
each Agent or all of them, shall be entitled, at their sole option, and in accordance with Section 12(8) of this Agreement, to terminate their obligations under this Agreement (and the obligations of the Purchasers under the Subscription
Agreements, if any) by written notice to that effect given to the Company prior to the Closing Time. 

  

	(7)	Non-Compliance with Conditions. The Company agrees that all terms, conditions and covenants in this Agreement shall be construed as conditions and complied with so far as the same relate to acts to be performed
or caused to be performed by the Company, that it will use its commercially reasonable efforts to cause such conditions to be complied with, and any breach or failure by the Company to comply with any of such conditions or in the event that any
representation or warranty given by the Company becomes false (other than representations and warranties given as of a specific time which need only be true as of such time) and is not rectified as at the Closing Time, shall entitle the Agents, at
their sole option, acting reasonably and in accordance with Section 12(8) of this Agreement, to terminate their obligations under this Agreement (and the obligations of the Purchasers under the Subscription Agreements, if any) by written notice
to that effect given to the Company prior to the Closing Time. The Agents may waive, in whole or in part, or extend the time for compliance with, any terms and conditions without prejudice to its rights in respect of any other of such terms and
conditions or any other or subsequent breach or non-compliance, provided that any such waiver or extension shall be binding upon the Agents only if the same is in writing and signed by it. 

 

	(8)	Exercise of Termination Rights. The rights of termination contained in Sections 12(1), 12(2), 12(3), 12(4), 12(5), 12(6) and 12(7) of this Agreement may be exercised by the Agents and are in addition to any other
rights or remedies the Agents may have in respect of any default, act or failure to act or non-compliance by the Company in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination by the
Agents, there shall be no further liability on the part of the Agents to the Company under this Agreement or on the part of the Company and Mira to the Agents under this Agreement except in respect of any obligation or liability of the Company to
the Agents which has or may have arisen prior to such termination under Sections 13, 14 and 15 of this Agreement. 

 13.
Indemnity 
  

	(1)	 The Company agrees to indemnify and save harmless the Agents, its affiliates and their respective directors, officers, employees, agents, advisors,
shareholders and partners, (collectively, the “Indemnified Parties” and individually, an “Indemnified Party”) from and against any and all losses, claims, actions, suits, proceedings, damages, liabilities or
expenses of whatsoever nature or kind (excluding loss of profits), including the aggregate amount paid in reasonable settlement of any actions, suits, proceedings, investigations or claims and the reasonable fees, disbursements and taxes of their
counsel in connection with any action, suit, proceeding, investigation or claim that may be made or threatened against any Indemnified Party or in enforcing this indemnity (each a “Claim” and, collectively,

  
 41 

	 	
the “Claims”) to which an Indemnified Party may become subject or otherwise involved in any capacity insofar as the Claims relate to, are caused by, result from, arise out of or
are based upon, directly or indirectly, this Agreement or the Agents acting in connection with the Offering, and to reimburse each Indemnified Party forthwith, upon demand, for any legal or other expenses reasonably incurred by such Indemnified
Party in connection with any Claim. 

  

	(2)	If and to the extent that a court of competent jurisdiction, in a final non-appealable judgement in a proceeding in which any Indemnified Party is named as a party, determines that a Claim was caused by or resulted from
an Indemnified Party’s breach of this Agreement, gross negligence, dishonesty or fraudulent actions or wilful misconduct, this indemnity shall be unavailable and shall cease to apply in respect of such Claim and such Indemnified Party shall
reimburse any funds advanced by the Company to any Indemnified Party pursuant to this indemnity in respect of such Claim. The Company agrees to waive any right the Company might have of first requiring the Indemnified Party to proceed against or
enforce any other right, power, remedy or security or claim payment from any other person before claiming under this indemnity. 

  

	(3)	If any Claim is brought against an Indemnified Party or an Indemnified Party has received notice of the commencement of any investigation in respect of which indemnity may be sought against the Company, the Indemnified
Party will give the Company prompt written notice of any such Claim of which the Indemnified Party has knowledge, will provide copies of all relevant documentation to the Company, will keep the Company advised of the progress thereof and will
discuss with the Company all significant actions proposed, provided that failure by the Indemnified Party to so notify shall not relieve the Company of its obligation of indemnification hereunder unless (and only to the extent that) such failure
results in forfeiture by the Company of substantive rights or defences. Upon receipt of such notice, the Company shall be entitled, at its own expense, to participate in and, to the extent it may wish to do so, undertake the investigation and assume
the defence thereof on behalf of the Indemnified Party, including the prompt employment of counsel acceptable to the Indemnified Parties affected and the payment of all expenses. Upon the Company notifying the Indemnified Party in writing of its
election to assume the defence and retaining counsel, the Company shall not be liable to the Indemnified Party for any legal expenses subsequently incurred by it in connection with such defence. If such defence is assumed by the Company, the Company
throughout the course thereof will provide copies of all relevant documentation to the Indemnified Party, will keep the Indemnified Party advised of the progress thereof and will discuss with the Indemnified Party all significant actions proposed.

  

	(4)	No admission of liability and no settlement, compromise or termination of any Claim, or investigation shall be made without the Company’s written consent and the written consent of the Indemnified Parties affected,
such consents not to be unreasonably withheld. Notwithstanding that the Company may undertake the investigation and defence of any Claim, an Indemnified Party will have the right to employ separate counsel with respect to such Claim and participate
in the defence thereof, but the fees and expenses of such counsel will be at the expense of the Indemnified Party unless: 

  

	 	(a)	employment of such counsel has been authorized in writing by the Company; 

  
 42 

	 	(b)	the Company has not assumed the defence of the action within a reasonable period of time after receiving notice of the claim; 

  

	 	(c)	the named parties to any such claim include both the Company and the Indemnified Party and the Indemnified Party shall have been advised by counsel to the Indemnified Party or the Company that there may be a conflict of
interest between the Company and the Indemnified Party; or 

  

	 	(d)	there are one or more defences available to the Indemnified Party which are different from or in addition to those available to the Company; 

in which case the reasonable fees and expenses of such counsel to the Indemnified Party will be for the Company’s account and provided
that the Company shall only be responsible for the reasonable fees and expenses of one counsel who shall represent all Indemnified Parties, collectively. The rights accorded to the Indemnified Parties hereunder shall be in addition to any rights an
Indemnified Party may have at common law or otherwise. 
  

	(5)	The Company hereby constitutes the Beacon as trustee for each of the other Indemnified Parties of the Company’s covenants under this indemnity with respect to such persons and the Beacon agrees to accept such trust
and to hold and enforce such covenants on behalf of such persons. 

  

	(6)	The Company also agrees that if any action, suit, proceeding or claim shall be brought against, or an investigation commenced in respect of, the Company or the Company and the Agents and personnel of the Agents shall be
required to testify, participate or respond in respect of or in connection with the Agreement, the Agents shall have the right to employ their own counsel in connection therewith and the Company will reimburse the Agents for their reasonable
out-of-pocket expenses as may be incurred, including the reasonable fees and disbursements of the Agents’ counsel. 

14. Contribution 
 If, for
any reason, the indemnity provided for in Section 13 of this Agreement is illegal or unenforceable or otherwise not available or insufficient to hold them harmless, the Agents and the Company shall contribute to the aggregate of all losses,
claims, costs, damages, expenses or liabilities (except loss of profits in connection with the sale of Subscription Receipts) of the nature provided for in Section 13 of this Agreement such that the Agents shall be responsible for that portion
represented by the percentage that the Agents’ Commission bears to the gross proceeds from the Offering and the Company shall be responsible for the balance. Notwithstanding the foregoing, (i) a person who has been found by a court of
competent jurisdiction in a final judgment to have caused losses, claims, costs, damages, expenses or liabilities referred to above as a result of such person’s negligence or wilful misconduct shall not be entitled to contribution from any
other party hereunder, and (ii) in the event that a court of competent jurisdiction determines in a final judgment that the losses, claims, costs, damages, expenses or liabilities referred to above resulted from the negligence or wilful
misconduct of the Agents, the portion for which the 

  
 43 

 
Agents are responsible shall not be limited to the proportion indicated above, but rather the Company and the Agents shall be responsible for such proportion as a court of competent jurisdiction
determines. Any party entitled to contribution will, promptly after receiving notice of commencement of any claim, action, suit or proceeding against such party in respect of which a claim for contribution may be made against another party or
parties under this Section 14, notify such party or parties from whom contribution may be sought of the nature of such claim, action, suit or proceeding (provided that any failure to so notify or delay in so notifying shall not relieve or
reduce the liability of any party from whom contribution may be sought under this Section 14 except to the extent that such party has been prejudiced as a result of such failure or delay). The right to contribution provided in this
Section 14 shall be in addition to, and not in derogation of, any other right to contribution which the Agents may have by statute or otherwise by law. 

15. Expenses 
  

	(1)	Whether or not the transactions contemplated herein shall be completed, all expenses of or incidental to the transaction, including, without limitation, listing fees, expenses payable in connection with the distribution
of the Subscription Receipts, the fees and expenses of counsel for the Company, all reasonable fees and disbursements of the Agents’ legal counsel (which shall be subject to a maximum aggregate of $175,000 (excluding disbursements and taxes)
unless otherwise approved in writing by the Company, acting reasonable), all fees and expenses of the Company’s auditors, all reasonable costs and out of pocket expenses of the Agents, including, without limitation, costs and expenses involved
in the marketing of the Subscription Receipts, costs relating to road shows (including the Agents’ travel expenses), information meetings and preparation of audio-visual and other information meeting materials and costs incurred in connection
with preparing, filing, printing, translating and providing commercial copies of any disclosure or offering documents, marketing materials, other documents and security certificates, and all applicable taxes on any of the foregoing, shall be borne
by and be for the account of the Company. Such costs and expenses will be paid at the closing of the Offering or in the event that this Agreement is terminated immediately upon receiving an invoice therefor. 

16. Survival of Warranties, Representations, Covenants and Agreements 

Except as expressly provided, all warranties, representations, covenants (including, without limitation, the covenants in Section 11) and
agreements of the Company and the Agents contained herein or contained in documents submitted or required to be submitted pursuant to this Agreement shall survive the closing of the Offering and shall continue in full force and effect for a period
of two years subsequent to the Closing Date, regardless of the closing of the Offering and regardless of any investigation which may be carried out by the Agents. 

  
 44 

 17. Notices 

All notices or other communications by the terms hereof required or permitted to be given by one party to another shall be given in writing by
personal delivery or by facsimile delivered to such other party as follows: 
  

	 	(a)	to the Company at: 

 Wind Power Holdings, Inc. 

29 Pitman Road 
 Barre, VT 05641

 USA 
  

			
	Attention:	  	Troy Patton, President & Chief Executive Officer
	Facsimile No.:	  	(302) 461-2996

 with a copy (which shall not constitute notice)
to: 
 Fasken Martineau DuMoulin LLP 

333 Bay Street, Suite 2400 
 Bay
Adelaide Centre, Box 20 
 Toronto, ON 

M5H 2T6 
  

			
	Attention:	  	Rubin Rapuch
	Facsimile No:	  	(416) 364-7813

  

	 	(b)	to Mira III Acquisition Corp. at: 

 2900 – 550 Burrard Street 

Vancouver, BC 
 V6C 0A3 

 

			
	Attention:	  	Ronald D. Schmeichel, President & Secretary
	Facsimile No.:	  	(416) 972-6208

 with a copy (which shall not constitute notice)
to: 
 Wildeboer Dellelce LLP 

Suite 800, 365 Bay Street 

Toronto, ON 
 M5H 2V1 

 

			
	Attention:	  	James Brown
	Facsimile No.:	  	(416) 361-1790

  

	 	(c)	to Beacon at: 

 66 Wellington Street West, Suite 4050 

Toronto, ON 
 M5K 1H1 

 

			
	Attention:	  	Alistair Maxwell
	Facsimile No:	  	(416) 646-3379

  
 45 

	 	(d)	to Cormark at: 

 Cormark Securities Inc. 

Suite 2800, South Tower 
 Royal
Bank Plaza 
 Toronto ON M5J 2J2 
  

			
	Attention:	  	Manwan Kurbursi
	Facsimile No.:	  	(416) 943-6496

 To Canaccord at: 

Brookfield Place 
 161 Bay Street,
Suite 3100 
 Toronto, ON 
 M5J
2S1 
  

			
	Attention:	  	Steven Winokur
	Facsimile No.:	  	(416) 869-3876

 with a copy (which shall not constitute notice)
to: 
 Cassels Brock & Blackwell LLP 

40 King Street West 
 Suite 2100

 Toronto, ON M5H 3C2 
  

			
	Attention:	  	Jay King
	Facsimile No.:	  	(416) 640-3183

 or at such other address or facsimile number as may be given by any of them to the others in writing from time to time and
such notices or other communications shall be deemed to have been received when delivered or, if by facsimile, on the next Business Day after such notice or other communication has been facsimiled (with receipt confirmed). 

18. Use of Advice 
 The
Company acknowledges and agrees that all written and oral opinions, advice, analysis and materials provided by the Agents in connection with their engagement hereunder are intended solely for the Company’s benefit and its internal use only in
considering the Offering and the Company agrees that no such opinion, advice, analysis or material will be used for any other purpose whatsoever or reproduced, disseminated, quoted from or referred to in whole or in part at any time, in any manner
or for any purpose, without the Agents’ prior written consent in each specific instance. Any advice or opinions given by the Agents hereunder will be made subject to, and will be based upon, such assumptions, limitations, qualifications and
reservations as the Agents, in their sole judgment, deems necessary or prudent in the circumstances. The Agents expressly disclaim any liability or responsibility by reason of any unauthorized use, publication, distribution of or reference to any
oral or written opinions or advice or materials provided by it or any unauthorized reference to the Agents or this engagement. 

  
 46 

 19. Matters Relating to the Engagement 

In connection with the services described herein, each of the Agents shall act as an independent contractor, and any duties of the Agents
arising out of this engagement shall be owed solely to the Company. The Company acknowledges that each of the Agents is a securities firm that is engaged in securities trading and brokerage activities, as well as providing investment banking and
financial advisory services, which may involve services provided to other companies engaged in businesses similar or competitive to the business of the Company. The Company acknowledges and agrees that in connection with all aspects of the
engagement contemplated hereby, and any communications in connection therewith, the Company, on the one hand, and each of the Agents and any of its respective affiliates through which they may be acting, on the other hand, will have a business
relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Agents or such affiliates, and each party hereto agrees that no such duty will be deemed to have arisen in connection with any such transactions or
communications. Information which is held elsewhere within the Agents but of which none of the individuals in the investment banking department or division of the Agents involved in providing the services contemplated by this Agreement actually has
knowledge (or without breach of internal procedures can properly obtain) will not for any purpose be taken into account in determining any of the responsibilities of the Agents to the Company under this Agreement. 

20. Entire Agreement; Amendment 

This agreement constitutes the entire agreement between the parties relating to the subject matter hereof; it supersedes any previous
agreements and discussions between the parties. There are no representations, covenants or other terms other than those set forth in this agreement. This agreement may only be amended by a written document signed by each of the parties. 

21. Severability 
 The
invalidity or unenforceability of any particular provision of this agreement will not affect or limit the validity or enforceability of the remaining provisions. 

22. Binding Effect; Assignment 

This agreement enures to the benefit of and binds the parties’ respective successors and permitted assigns. This agreement may be
assigned, subject to the prior written consent of each of the parties. 
 23. Further Assurances 

Each party, upon request by another party, shall sign (or cause to be signed) all further documents or do (or cause to be done) all further
acts and provide all reasonable assurances as may reasonably be necessary or desirable to give effect to the transactions contemplated by this Agreement. 

24. Remedies Cumulative 

Except as otherwise provided in this agreement, the rights, remedies and powers provided herein to a party are cumulative and in addition to,
and are not exclusive of or in substitution for, any rights, remedies and powers otherwise available to that party. 

  
 47 

 25. Governing Law 

This agreement is governed by, and is to be interpreted, construed and enforced in accordance with, the laws of the Province of Ontario and the
federal laws of Canada applicable in Ontario, excluding any rule or principle of conflicts of law that may provide otherwise. 
 26. Time
of Essence 
 Time shall be of the essence hereof. 

27. Jurisdiction 
 The
parties irrevocably attorn to the jurisdiction of the courts of Ontario, which will have non-exclusive jurisdiction over any matter arising out of this agreement. 

28. Waiver 
 No waiver of
satisfaction of a condition or non-performance of an obligation under this agreement is effective unless it is in writing and signed by the party granting the waiver. No waiver under this section affects the exercise of any other rights under this
Agreement. 
 29. Effective Date 

This agreement is effective as of the date shown at the top of the first page, even if any signatures are made after that date. 

30. Language 
 It is the
express wish of the parties that this agreement and any related documentation be drawn up in English. Il est de la volonté expresse des parties que cette convention ainsi que tout document connexe soient rédigés en langue
anglaise. 
 31. Counterparts 

This agreement may be signed in any number of counterparts, each of which is an original, and all of which taken together constitute one single
document. Counterparts may be transmitted by fax or in electronically scanned form. Parties transmitting by fax or electronically will also deliver the original counterpart to the other parties, but failure to do so does not invalidate this
agreement. 
 [Signature pages follow] 

  
 48 

 32. Acceptance 

If this offer accurately reflects the terms of the transaction which we are to enter into and if such terms are agreed to by the Company and
Mira, please communicate your acceptance by executing where indicated below and returning by facsimile one copy and returning by courier one originally executed copy to the Agents. 

 

			
	Yours very truly,
	
	BEACON SECURITIES LIMITED
		
	By:	 	 /s/ Alistair Maxwell

		 	Authorized Signatory
	
	CORMARK SECURITIES INC.
		
	By:	 	 /s/ Marwan Kurbursi

		 	Authorized Signatory
	
	CANACCORD GENUITY CORP.
		
	By:	 	 /s/ Steven Winokur

		 	Authorized Signatory

 The foregoing accurately reflects the terms of the transaction that we are to enter into and such terms
are agreed to. 
 ACCEPTED as of this 17th day of March, 2014. 

 

			
	WIND POWER HOLDINGS, INC.
		
	By:	 	 /s/ Elliot J. Mark

		 	Elliot J. Mark
		 	Vice President
		
	By:	 	 /s/ Ronald D. Schmeichel

		 	Ronald D. Schmeichel
		 	President

  
 49

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