Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

PURCHASE AGREEMENT 

This Purchase Agreement (this “Agreement”) is entered into as of July 20, 2015 by and between Pattern Gulf Wind Equity 2
LLC, a Delaware limited liability company (“Seller”), and Pattern Gulf Wind Equity LLC, a Delaware limited liability company (“Buyer”) (each of Seller and Buyer may be referred to herein as a
“Party” or collectively as “Parties”). 
 RECITALS 

WHEREAS, Buyer owns 60% of the Class B Units (as defined in the Holding Company LLC Agreement) of the Holding Company (as defined
below) and Seller owns directly and desires to sell to Buyer, and Buyer desires to purchase from Seller, the remaining 40% of the Class B Units of the Holding Company (the “Purchased Units”), such that following the purchase Buyer
will own 100% of the Class B Units; and 
 WHEREAS, the Holding Company is the direct owner of 100% of the membership interests in
the Project Company; 
 NOW, THEREFORE, in consideration of the mutual promises of the Parties and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 1.1
Certain Definitions. 
 In this Agreement, the following terms shall have the following meanings: 

“Affiliate” means with respect to any Person, any other Person that directly or indirectly through one or more
intermediaries, Controls, or is Controlled by, or is under common Control with, such Person. Without limiting the foregoing, any Person shall be deemed to be an Affiliate of any specified Person if such Person owns more than 50% of the voting
securities of the specified Person, if the specified Person owns more than 50% of the voting securities of such Person, or if more than 50% of the voting securities of the specified Person and such Person are under common control. For the purpose of
this Agreement, “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership, by contract or otherwise. For the avoidance of
doubt, neither the Holding Company nor the Project Company shall be deemed to be Affiliates of Seller or any of Seller’s Affiliates. 

“Agreement” has the meaning set forth in the preamble hereto. 

“Anti-Corruption Laws” means the United States Foreign Corrupt Practices Act of 1977, as amended. 

“Anti-Money Laundering Laws” means the Currency and Foreign Transactions Reporting Act of 1970, as amended from time to time
(otherwise known as the Bank Secrecy Act), the USA PATRIOT Act or any other United States federal law or regulation governing money laundering, drug trafficking or terrorist related activities. 

 “Assignment and Assumption Agreement” means, with respect to the Holding
Company, an agreement substantially in the form of the disposition instrument attached as Exhibit A hereto. 
 “Basket
Amount” means $130,000. 
 “Business Day” means any day other than (a) a Saturday, Sunday, or federal holiday
or (b) a day on which commercial banks in New York, New York are authorized or required to be closed. 
 “Buyer” has
the meaning set forth in the preamble hereto. 
 “Buyer Indemnified Persons” has the meaning set forth in
Section 7.2. 
 “Buyer Information” has the meaning set forth in Section 8.13. 

“Buyer Transaction Documents” has the meaning set forth in Section 4.2(a). 

“Cap” means $1,430,000. 

“Certificate of Interest” means a certificate representing Units (as defined in the Holding Company LLC Agreement) and
Membership Interests (as defined in the Holding Company LLC Agreement) in the Holding Company. 
 “Claim” means any notice,
complaint, petition, demand, claim, action, legal proceeding, investigation, arbitration, mediation, hearing, suit or any other proceeding. 

“Class A Units” has the meaning set forth in the Holding Company LLC Agreement. 

“Class B Units” has the meaning set forth in the Holding Company LLC Agreement. 

“Closing” has the meaning set forth in Section 2.3. 

“Closing Date” has the meaning set forth in Section 2.3. 

“Code” means the Internal Revenue Code of 1986, as amended, from time to time. 

“Consent” means any consent, authorization, license, Order or approval of, registration or declaration of, or decision or
judgment of, or notice to or filing with, any Governmental Authority or any other Person. 
 “Designated Jurisdiction”
means any country or territory to the extent that such country or territory itself is the subject of any Sanction. 
 “Disqualified
Person” has the meaning set forth in the Holding Company LLC Agreement. 

  
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 “Effective Date” means the date first stated above in this Agreement. 

“Energy Hedge Provider” has the meaning set forth in the Holding Company LLC Agreement. 

“Financing Documents” has the meaning set forth in the Holding Company LLC Agreement. 

“Governmental Authority” means any court, tribunal, arbitrator, arbitral panel, authority, agency, commission, legislative
body, official or other instrumentality of the United States or any foreign, state, county, city or other political subdivision; any quasi-governmental agency, independent system operator or electric reliability organization; or any other authority
or entity exercising or entitled to exercise any administrative, executive, judicial, legislative, policy or regulatory or taxing authority or power or having legal jurisdiction over the matter or Person in question. 

“Hedge Agreement” has the meaning set forth in the Holding Company LLC Agreement. 

“Holding Company” means Pattern Gulf Wind Holdings LLC, a Delaware limited liability company. 

“Holding Company LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of Pattern Gulf Wind
Holdings LLC, dated as of September 3, 2010, by and among MetLife, Buyer and Seller, as amended. 
 “Indemnified
Party” means either a Buyer Indemnified Person or a Seller Indemnified Person. 
 “Indemnifying Party” has the
meaning set forth in Section 7.4. 
 “Intended Tax Treatment” has the meaning set forth in
Section 5.1(a). 
 “Law” means, with respect to any Person, any act, statute, law, enforceable guideline,
standard, code, principle of common law, treaty, ordinance, rule, constitution, administrative interpretation, regulation, order, writ, injunction, directive, judgment, decree, policies or like actions having the effect of law of any Governmental
Authority, including Anti-Money Laundering Laws, Anti-Corruption Laws and Sanctions and other laws and regulations administered by OFAC, applicable to such Person or any of its respective properties or assets. 

“Liability” means any and all Claims, debts, liabilities, obligations, expenses and commitments of whatever nature, and
whenever or however arising (including those arising out of any Law, contract, breach, violation, infringement or tort, whether based on negligence, strict liability or otherwise), whether accrued, absolute, contingent, asserted, matured, unmatured,
secured, unsecured, fixed or otherwise. 
 “Lien” means any charge, “adverse claim” (as defined in
Section 8-102(a)(1) of the Uniform Commercial Code) or other Claim, community property interest, condition, equitable interest, lien, encumbrance, option, proxy, pledge, security interest, mortgage, right of first

  
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refusal, right of first offer, right of reverter, hypothecation, deed of trust, encroachment, installment sale, conditional sale agreement, retention of title agreement, defect of title or
restriction of any kind or nature, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership other than as contained in the Holding Company LLC Agreement. 

“Losses” has the meaning set forth in Section 7.2. 

“MetLife” means MetLife Capital, Limited Partnership, a Delaware limited partnership. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of Treasury. 

“Order” means any award, decision, injunction, judgment, order, writ, decree, ruling, subpoena, verdict, or similar direction
entered, issued, made, or rendered by any Governmental Authority, whether preliminary or final. 
 “Outside Closing Date”
means that date which is 90 days from the date of this Agreement. 
 “Party” has the meaning set forth in the preamble
hereto. 
 “PEGI” means Pattern Energy Group Inc., a Delaware corporation. 

“Person” means any individual, general partnership, limited partnership, trust, limited liability company, estate,
association, corporation, union, proprietorship, business, Governmental Authority or other entity. 
 “Project Company”
means Pattern Gulf Wind LLC, a Delaware limited liability company. 
 “Purchase Price” has the meaning set forth in
Section 2.2(a). 
 “Release Agreement” means a general release agreement substantially in the form of
Exhibit G hereto. 
 “Sanctions” means any sanction administered or enforced by OFAC, the U.S. Department of State
or the Department of Foreign Affairs and International Trade (Canada). 
 “Securities Act” means the Securities Act of
1933, as amended. 
 “Seller” has the meaning set forth in the preamble hereto. 

“Seller Indemnified Persons” has the meaning set forth in Section 7.3. 

“Seller Transaction Documents” has the meaning set forth in Section 3.2(a). 

“Survival Period” means the date that is 12 months after the Closing, except with respect to the representations and
warranties of Seller in Sections 3.1, 3.2, 3.3, and 3.4, and the representations and warranties of Buyer in Sections 4.1, 4.2, and 4.3, each of which shall survive until the expiration of the
applicable statute of limitations (including extensions thereof). 

  
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 “Tax” or “Taxes” means any United States local, county,
municipal, state or federal or foreign income, gross receipts, profits, escheats, windfall, franchise, taxes on gains, alternative minimum, estimated, withholding, ad valorem, value added, personal property (tangible and intangible), employment,
unemployment, payroll, sales and use, social security, welfare, disability, license, occupation, real property, severance, transfer, excise and other taxes, charges, levies or other assessments imposed by a Taxing Authority, including any interest,
penalty or addition thereto. 
 “Tax Returns” means any return, report, forms, property renditions, elections or similar
statement required to be filed with respect to any Taxes (including any attached schedules), including any information return, Claim for refund, amended return and declaration of estimated Tax. 

“Taxing Authority” means, with respect to any Tax, the Governmental Authority that imposes such Tax, and the agency (if any)
charged with the collection of such Tax for such entity or subdivision. 
 “Transaction” has the meaning set forth in
Section 2.1. 
 “Transfer Taxes” has the meaning set forth in Section 5.1(b). 

“Treasury Regulations” means the regulations promulgated by the United States Department of the Treasury pursuant to and in
respect of provisions of the Code. All references herein to sections of the Treasury Regulations shall include any corresponding provision or provisions of succeeding, similar, substitute, proposed or final Treasury Regulations. 

“USA PATRIOT Act” means United States Public Law 107-56, Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

1.2 Rules of Interpretation. 

Unless otherwise expressly provided herein, for purposes of this Agreement, the following rules of interpretation shall apply: 

(a) Calculation of Time Period. When calculating the period of time before which, within which or following which any act is to be done
or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded. If the last day of such period is a non-Business Day, the period in question shall end on the next succeeding Business Day.

 (b) Gender and Number. Any reference in this Agreement to gender shall include all genders, and words imparting the singular
number only shall include the plural and vice versa. 

  
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 (c) Headings. The division of this Agreement into Articles, Sections and other
subdivisions and the insertion of headings are for convenience of reference only and shall not affect or be utilized in construing or interpreting this Agreement. All references in this Agreement to any “Article” or
“Section” are to the corresponding Article or Section of this Agreement unless otherwise specified. 
 (d) Herein.
The words such as “herein,” “hereinafter,” “hereof” and “hereunder” refer to this Agreement as a whole and not merely to a subdivision in which such words appear unless the context
otherwise requires. 
 (e) Including. The word “including” or any variation thereof means “including without
limitation” and shall not be construed to limit any general statement that it follows to the specific or similar items or matters immediately following it. 

(f) Exhibits. The Exhibits attached to this Agreement shall be construed with and as an integral part of this Agreement to the same
extent as if the same had been set forth verbatim herein. In the event of a conflict between the body of this Agreement and any Exhibit hereto, the body of this Agreement shall control. 

(g) References to Agreements. All references to any agreement, document or other instrument include a reference to that agreement,
document or instrument as amended, amended and restated, modified, supplemented, substituted, novated, replaced or assigned. 
 (h)
References to Persons. References to Persons include their respective successors and permitted assigns and, in the case of Governmental Authorities, Persons succeeding to their respective functions and capacities. 

(i) References to Laws. Unless the context otherwise requires, a reference to any Law includes any amendment, modification, or
successor thereto. 
 (j) References to Dollars. All references in this Agreement to “dollars” or “$” shall, in
each case, be deemed to refer to United States currency unless otherwise specifically provided. 
 ARTICLE 2 

PURCHASE AND SALE OF CLASS A UNITS 

2.1 Purchase and Sale of Purchased Units. 

Subject to the terms and conditions of this Agreement, at the Closing, Seller shall sell, transfer, assign and convey to Buyer, free and clear
of all Liens, and Buyer shall purchase, receive and accept from Seller, all of the Purchased Units . The transactions contemplated by this Agreement are collectively referred to herein as the “Transaction”. 

2.2 Purchase Price. 
 (a)
The consideration to be paid by Buyer to Seller for the Purchased Units is $13,000,000 (the “Purchase Price”). Except as provided in Article 7, the Purchase Price shall not be adjusted, and no additional amount shall be paid
by Buyer to Seller, in respect of the purchase by Buyer of the Purchased Units. 

  
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 (b) At Closing, Buyer shall pay to Seller an amount equal to the Purchase Price by wire transfer
in immediately available funds to the account of Seller specified in writing to Buyer by Seller. 
 2.3 Closing. 

The closing of the Transaction (the “Closing”) shall take place, in person or remotely via the exchange of documents and
signatures, at the offices of Andrews Kurth LLP, 600 Travis, Suite 4200, Houston, Texas 77002, or at such other place as may be mutually agreed upon in writing by the Parties (the date on which the Closing actually occurs being referred to as the
“Closing Date”). The Closing shall be deemed effective as of 12:01 a.m. at the location of the Closing on the Closing Date. 

2.4 Transactions to be Effected at the Closing. 

At the Closing, the following events shall occur, each event being deemed to have occurred simultaneously with the other events: 

(a) Deliveries by Seller. At the Closing, Seller shall deliver to Buyer (or Buyer shall have waived delivery thereof): 

(i) a copy of the Assignment and Assumption Agreement duly executed by Seller transferring the Purchased Units to Buyer, accompanied by the
Certificate of Interest or Certificates of Interest representing all of the Purchased Units, together with instrument or instruments of transfer duly completed and executed by Seller effective to transfer such Certificate or Certificates to Buyer;

 (ii) an executed certificate of non-foreign status substantially in the form provided in Treasury Regulations
Section 1.1445-2(b)(2), substantially in the form of Exhibit F attached hereto; 
 (iii) a certificate, dated the Closing Date
and executed by an authorized officer of Seller, substantially in the form of Exhibit B attached hereto; 
 (iv) a certificate,
dated the Closing Date and executed by the secretary of Seller, substantially in the form of Exhibit C attached hereto; and 
 (v) a
copy of the Release Agreement, duly executed by Seller. 
 (b) Deliveries by Buyer. At the Closing, Buyer shall deliver to Seller:

 (i) the Purchase Price pursuant to Section 2.2; 

(ii) a copy of the Assignment and Assumption Agreement duly executed by Buyer; 

  
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 (iii) a certificate, dated the Closing Date and executed by an authorized officer of Buyer,
substantially in the form of Exhibit D attached hereto; 
 (iv) a certificate, dated the Closing Date and executed by the secretary
of Buyer, substantially in the form of Exhibit E attached hereto; and 
 (v) a copy of the Release Agreement, duly executed by
Buyer. 
 2.5 Withholding Rights. 

Notwithstanding anything in this Agreement to the contrary, Buyer shall be entitled to withhold and deduct from the consideration otherwise
payable pursuant to this Agreement amounts required to be withheld under the Code or any applicable provision of state, local or foreign Tax Law, and to the extent that amounts are so withheld and paid over to the appropriate Taxing Authority, such
amounts shall be treated for all purposes of this Agreement as having been paid to the Person in respect of which such deduction and withholding were made. 

ARTICLE 3 
 SELLER’S
REPRESENTATIONS AND WARRANTIES 
 Seller hereby represents and warrants to Buyer the following as of the date hereof and as of the
Closing Date: 
 3.1 Formation and Existence. 

Seller is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware. 

3.2 Power; Authorization; Enforceability. 

(a) Seller has full legal capacity, right and power to enter into this Agreement, the Assignment and Assumption Agreement, the Release
Agreement, and each of the other documents and agreements described in or contemplated by this Agreement to be executed by Seller (the “Seller Transaction Documents”), to sell, assign, transfer and deliver the Purchased Units to
Buyer, to perform all other obligations of Seller hereunder and under the other Seller Transaction Documents, and to consummate the Transaction. 

(b) The execution and delivery of this Agreement and each of the other Seller Transaction Documents, the performance of the Seller Transaction
Documents and the consummation of the Transaction have been duly authorized by all requisite action on the part of Seller. This Agreement and the other Seller Transaction Documents have been duly and validly executed and delivered by Seller. This
Agreement and the other Seller Transaction Documents constitute legal, valid and binding obligations of Seller, enforceable against Seller in accordance with their terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or affecting the enforcement of creditors’ rights in general and by general principles of equity. 

  
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 (c) Each of the Persons signing this Agreement and each of the other Seller Transaction Documents
on behalf of Seller is fully authorized by all necessary limited liability company action to execute this Agreement and each of the other Seller Transaction Documents. 

(d) Neither the execution nor the delivery by Seller of this Agreement or (after giving effect to Sections 5.4, 6.1(f) and
6.1(g)) any of the other Seller Transaction Documents does or will, and after giving effect to Section 5.4, 6.1(f) and 6.1(g) neither the performance of any of the obligations of Seller contemplated hereby or thereby nor
the consummation of the Transaction does or will, (i) conflict with, constitute a violation of, result in a breach or default under, or give rise to any right of termination, cancellation, acceleration, amendment, suspension or revocation of,
(A) the organizational documents of Seller, or (B) any agreement by which Seller is bound or to which its property or assets is subject in any material respect, (ii) conflict with, constitute a violation of or result in a breach of
any Law or Order applicable to Seller in any material respect, or (iii) result in the creation or imposition of any Lien upon any of the Purchased Units. 

3.3 Consents. 
 After
giving effect to Sections 5.4, 6.1(f) and 6.1(g), no Consents are required (including under any Law, Order or agreement) for or in connection with the execution, delivery and performance by the Seller of this Agreement and the other
Seller Transaction Documents or with the consummation of the Transaction. 
 3.4 Title. 

Seller is the sole and lawful owner, beneficially and of record, of the Purchased Units and has valid and marketable title thereto, free and
clear of all Liens. At the Closing Seller will transfer to Buyer good and valid title to the Purchased Units, free and clear of all Liens. Other than as contemplated by the Transaction and the Holding Company LLC Agreement, none of Seller or its
Affiliates has granted or issued or is a party to (a) any options, warrants, unit appreciation, profit participation or conversion rights, subscriptions, rights of first refusal, pre-emptive rights, or other rights or arrangements existing or
outstanding, which entitles any Person to acquire or receive the Purchased Units or any portion thereof, (b) any securities or instruments convertible into or exchangeable for any Purchased Units, or (c) any agreement or commitment to
issue any of the foregoing. There are no outstanding contractual obligations of Seller to repurchase, redeem or otherwise acquire any of the equity interests of the Holding Company or to provide funds to, or make any investment (in the form of a
loan, capital contribution or otherwise) in, the Holding Company or the Project Company. Except as set forth in the Holding Company LLC Agreement, none of Seller or its Affiliates has granted or issued or is a party to (i) any voting
agreements, voting trusts, shareholder agreements, proxies or other similar agreements or understandings to which Seller is a party with respect to the Purchased Units or that restrict or grant any right, preference or privilege with respect to the
transfer of such Purchased Units, or (ii) any Contracts or understandings to declare, make or pay any dividends or distributions, whether current or accumulated, or due or payable, on the Purchased Units. 

  
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 3.5 Legal Proceedings. 

There are not any Claims, actions, suits, proceedings, hearings or investigations pending or, to the knowledge of Seller, threatened against
or affecting Seller that challenge the validity of, or seek to prevent or delay, or may reasonably be expected to restrain, enjoin or otherwise prohibit the Transaction. There are no outstanding Orders to which Seller is a party that challenge the
validity of, or seek to prevent or delay, or may reasonably be expected to restrain, enjoin or otherwise prohibit the Transaction. 
 3.6
Brokers. 
 Seller (a) has not entered into any agreement with, and (b) does not have, and has not caused the Holding
Company or the Project Company to have, any liability or obligation to pay fees or commissions or similar payments to, any broker, finder, agent or other similar Person with respect to the transactions contemplated by this Agreement, the other
Seller Transaction Documents or the Buyer Transaction Documents. 
 3.7 Compliance with Laws. 

Neither Seller nor any of its Affiliates is engaged in any transaction with any Person who is the subject of Sanctions or who is located,
organized or residing in any Designated Jurisdiction that could cause any Buyer Indemnified Persons to incur any Losses or criminal liability in connection with the Transaction or the ownership of the Purchased Units. Seller will not, by entering
into the Seller Transaction Documents or consummating the transactions contemplated thereby, be in contravention of Anti-Corruption Laws or Sanctions. 

3.8 Holding Company LLC Agreement. 

Seller is not in breach of or default under the Holding Company LLC Agreement, and there does not exist under the Holding Company LLC
Agreement any event which, with the giving of notice or the lapse of time (or both), would constitute such a breach or default by Seller or would give rise to any right of termination, cancellation, acceleration, amendment, suspension or revocation
by any Person in respect of any action or inaction of Seller, in each case under the Holding Company LLC Agreement. 
 3.9 Disqualified
Person. 
 Seller is and has been the sole and lawful owner, beneficially and of record, of the Purchased Units at all times during the
period beginning on October 2, 2013 and ending on and including the Closing Date, and Seller was not a Disqualified Person at any time during such period. 

  
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 ARTICLE 4 

BUYER’S REPRESENTATIONS AND WARRANTIES 

Buyer hereby represents and warrants to Seller the following as of the date hereof and as of the Closing Date: 

4.1 Formation and Existence. 

Buyer is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware. 

4.2 Power; Authorization; Enforceability. 

(a) Buyer has full legal capacity, right and power to enter into this Agreement the Assignment and Assumption Agreement, the Release Agreement
and each of the other documents and agreements described in or contemplated by this Agreement to be executed by Buyer (the “Buyer Transaction Documents”), to purchase, receive and accept the assignment, transfer and delivery of the
Purchased Units from Seller and to perform all other obligations of Buyer hereunder and under the other Buyer Transaction Documents and to consummate the Transaction. 

(b) The execution and delivery of this Agreement and each of the other Buyer Transaction Documents, the performance of the Buyer Transaction
Documents and the consummation of the Transaction have been duly authorized by all requisite action on the part of Buyer. This Agreement and the other Buyer Transaction Documents have been duly and validly executed and delivered by Buyer. This
Agreement and the other Buyer Transaction Documents constitute legal, valid and binding obligations of Buyer, enforceable against Buyer in accordance with their terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or affecting the enforcement of creditors’ rights in general and by general principles of equity. 

(c) Each of the Persons signing this Agreement and each of the other Buyer Transaction Documents on behalf of Buyer is fully authorized by all
necessary action to execute this Agreement and each of the other Buyer Transaction Documents. 
 (d) The execution and delivery by Buyer of
this Agreement or (after giving effect to Sections 5.4, 6.1(f) and 6.1(g) any of the other Buyer Transaction Documents do not and will not, and (after giving effect to Sections 5.4, 6.1(f) and 6.1(g)) the performance of
any of the obligations of Buyer contemplated hereby or thereby and the consummation of the Transaction do not and will not, (i) conflict with, constitute a violation of, result in a breach or default under, or give rise to any right of
termination, cancellation, acceleration, amendment, suspension or revocation of, (A) the organizational documents of Buyer, or (B) any agreement by which Buyer is bound or to which any of its property or assets is subject in any material
respect, or (ii) conflict with, constitute a violation of or result in a breach of any Law or Order applicable to Buyer in any material respect. 

4.3 Consents. 
 After
giving effect to Sections 5.4, 6.1(f) and 6.1(g), no Consents are required (including under any Law, Order or agreement) for or in connection with the execution, delivery and performance by the Buyer of this Agreement and the other
Buyer Transaction Documents or with the consummation of the Transaction. 

  
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 4.4 Accredited Investor. 

Buyer is an “accredited investor” as defined in Regulation D promulgated under the Securities Act with such knowledge and experience
in financial and business matters as are necessary in order to evaluate the merits and risks of an investment in the Purchased Units. 
 4.5
Legal Proceedings. 
 There are not any Claims, actions, suits, proceedings, hearings or investigations pending or, to the knowledge
of Buyer, threatened against or affecting Buyer that challenge the validity of, or seek to prevent or delay, or may reasonably be expected to restrain, enjoin or otherwise prohibit the Transaction. There are no outstanding Orders to which Buyer is a
party that challenge the validity of, or seek to prevent or delay, or may reasonably be expected to restrain, enjoin or otherwise prohibit the Transaction. 

4.6 Compliance with Laws. 

Neither Buyer nor any of its Affiliates is engaged in any transaction with any Person who is the subject of Sanctions or who is located,
organized or residing in any Designated Jurisdiction that could cause any Seller Indemnified Persons to incur any Losses or criminal liability in connection with the Transaction or the ownership of the Purchased Units. Buyer will not, by entering
into the Buyer Transaction Documents or consummating the transactions contemplated thereby, be in contravention of Anti-Corruption Laws or Sanctions. 

ARTICLE 5 
 COVENANTS

 5.1 Tax Matters. 

(a) The Parties intend that from the perspective of Seller the Transaction shall be treated as a sale to Buyer by Seller of the Purchased
Units, and from the perspective of Buyer, the Transaction shall be treated as a purchase of assets by Buyer, for U.S. federal income tax purposes (the “Intended Tax Treatment”). Seller and Buyer agree that unless otherwise required
by applicable Law they shall not take any position on a Tax Return that is inconsistent with the Intended Tax Treatment. The parties will use the closing of the books method to allocate items of gross receipts, gross sales, income, gain, loss,
expense, cost of goods sold, or deduction and credits resulting from operations of the Holding Company for the taxable year in which the Closing occurs. 

(b) The Parties agree that sales, use, transfer, real property transfer, recording, stock transfer and other similar taxes and fees, including
all state and local sales, use or other transfer taxes arising out of or in connection with the transactions effected pursuant to this Agreement (other than Taxes based on income or capital gains, ad valorem or franchise Taxes) and, for the
avoidance of doubt, all associated preparation and filing costs (including with respect to any amendments), penalties, or interest (“Transfer Taxes”) shall be borne by Buyer. Buyer shall, to the extent and if required by applicable
Law, prepare and timely file all Transfer 

  
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Tax returns and timely remit all Transfer Taxes to the appropriate taxing authorities and provide to Seller advanced notice and evidence of such filings and remittances as well as copies of any
communications with any relevant Taxing Authorities related thereto. If required by Law, Seller shall join in the execution of any such Transfer Tax returns. 

(c) Buyer shall prepare or cause to be prepared and file or cause to be filed, subject to the review of the Seller, any Tax Returns of the
Holding Company for Tax periods which end on or before the Closing Date and are required to be filed after the Closing Date and any Tax Returns of the Holding Company for Tax Periods which begin on or before the Closing Date and end after the
Closing Date. Seller shall pay to Buyer, within fifteen (15) days before the date on which Taxes are to be paid with respect to such periods, an amount equal to Seller’s pro rata portion of such Taxes which relates to such Tax period or
the portion of such Tax period ending on the Closing Date. For purposes of this Section 5.1(c), in the case of any Taxes that are imposed on a periodic basis and are payable for a Tax period that includes (but does not end on) the
Closing Date, the portion of such Tax which relates to the portion of such Tax period ending on the Closing Date shall (x) in the case of any Taxes other than Taxes based upon or related to income, gains or receipts (including sales and use
taxes), or employment or payroll Taxes, be deemed to be the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending on the Closing Date and the denominator of which
is the number of days in the entire Tax period, and (y) in the case of any Tax based upon or related to income, gains or receipts (including sales and use taxes), or employment or payroll Taxes, be deemed equal to the amount which would be
payable if the relevant Tax period ended on the Closing Date. Any credits relating to a Tax period that begins before and ends after the Closing Date shall be taken into account as though the relevant Tax period ended on the Closing Date. All
determinations necessary to give effect to the foregoing allocations shall be made in a manner consistent with reasonable prior practice of the Holding Company. 

5.2 Further Assurances. 

Subject to the terms and conditions of this Agreement, each of Buyer and Seller agree to use its commercially reasonable efforts to take, or
cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable to consummate and make effective the Transaction. From time to time, as and when requested by any Party, the other Party will use commercially
reasonable efforts to execute and deliver, or cause to be executed and delivered, all such documents and instruments and will take, or cause to be taken, all such reasonable actions, as such other party may reasonably deem necessary or desirable to
consummate the Transaction. Notwithstanding the foregoing, neither Party shall be required to waive any of the conditions in Article 6 or otherwise waive any of its rights hereunder, and nothing in this Section 5.2 shall require
either Party to expend any sum or make a financial commitment or grant or agree to any concession to any third Person. 
 5.3 Public
Announcements. 
 No press release or announcement concerning the Transaction will be issued by Seller or its Affiliates without the
prior written consent (not to be unreasonably withheld or delayed) of Buyer or by Buyer or its Affiliates without the prior written consent (not to be unreasonably 

  
 - 13 - 

 
withheld or delayed) of Seller, unless in each case such action is required by Law (including any disclosure which, in the reasonable judgment of the disclosing party, is necessary or appropriate
to comply with securities Laws, regulations and other standards governing disclosures to investors) or by any national securities exchange and the Party that is required to issue a press release or announcement (or whose Affiliate is so required) is
unable after good faith efforts to obtain the approval of the other Party in a timely manner, to the extent obtaining such approval is not prohibited by Law or the rules of any applicable national securities exchange, in which case such Party or its
Affiliates may make or issue the legally required release or announcement and shall promptly furnish the other Party with a copy thereof. Notwithstanding anything in this Agreement to the contrary, Buyer or its Affiliates shall be permitted, without
Seller’s consent, to issue a press release with respect to this Agreement and to refer to and describe this Agreement in, and file a copy of this Agreement as an exhibit to, its or its Affiliates’ filings with the United States Securities
and Exchange Commission and any related prospectus or prospectus supplement or other offering memorandum or material provided to prospective investors or lenders. 

5.4 Holding Company LLC Agreement. Each of Seller and Buyer (on behalf of themselves and the Holding Company) hereby consents to the
Transaction and hereby waives any and all restrictions on the transfer of the Purchased Units or other requirements applicable to such transfer under the Holding Company LLC Agreement and any other agreements of Seller, Buyer or the Holding Company,
provided, however, that the consummation of the Transaction and assignment of the Purchased Units to Buyer shall not effect a release of Seller from (i) any liabilities to the Holding Company or the other members (as defined in the Holding
Company LLC Agreement) arising from events occurring prior to or in connection with the consummation of the Transaction and the assignment of the Purchased Units to Buyer, or (ii) any obligation to pay any amount owed to the Holding Company
pursuant to the Holding Company LLC Agreement or other agreement. Seller hereby consents to the purchase by Buyer of all of the Class A Units held by MetLife and hereby waives any and all restrictions on the transfer of the Class A Units
from MetLife to Buyer or other requirements applicable to such transfer under the Holding Company LLC Agreement and any other agreements of Seller, Buyer or the Holding Company. 

ARTICLE 6 
 SPECIFIED
CONDITIONS 
 6.1 Buyer’s Condition Precedents. 

The obligation of Buyer to consummate the Transaction shall be subject to fulfillment at or prior to the Closing of the following conditions,
any one or more of which may be waived in writing by Buyer: 
 (a) Representations and Warranties. The representations and warranties
of Seller set forth in Article 3 shall be true and correct in all respects on and as of the Closing Date or, in the case of such representations and warranties made as of a specified date, on and as of such earlier date. 

  
 - 14 - 

 (b) Compliance with Agreements. The covenants, agreements and obligations required by this
Agreement to be performed and complied with by Seller shall have been performed and complied with in all material respects. 
 (c)
Closing Deliverables. Seller shall have complied with all of its obligations in Section 2.4(a). 
 (d) PEGI Funding.
PEGI shall have closed the sale of common stock, preferred stock, debt securities or other securities in a registered or exempt transaction, with net proceeds to PEGI in excess of $200,000,000, and PEGI shall, from such proceeds, have contributed or
otherwise made available to Buyer funds in an amount equal to the Purchase Price, any other amounts payable by Buyer hereunder, including all other amounts required for Buyer to effect the transactions contemplated by Sections 6.1(e),
(f) and (g) hereof, for the payment by Buyer thereof. 
 (e) Purchase of Class A Units. Buyer shall have
concurrently closed the purchase by Buyer of all of the Class A Units held by MetLife upon terms and conditions reasonably satisfactory to Buyer. 

(f) Termination of Financing Documents. The obligations of the Project Company under the Financing Documents shall have been paid in
full or otherwise satisfied, and the Financing Documents shall have been terminated and released, on terms and conditions reasonably satisfactory to Buyer. 

(g) Hedge Agreement and Security Documents. The Energy Hedge Provider shall have entered into such amendments, modifications or
restatements with respect to the Hedge Agreement and all agreements or documents related thereto, including any deed of trust, mortgage, security agreement, pledge agreement, intercreditor agreement, collateral agency agreement and other related
document(s) with the Project Company in connection with the Hedge Agreement as shall be reasonably satisfactory to Buyer. 
 (h)
Consents. All Consents required to be obtained by the Parties for the consummation of the Transaction shall have been obtained, shall be in form and substance reasonably satisfactory to Buyer (including, with respect to any Consent of a
Governmental Authority, such Consent shall be final and non-appealable), and copies thereof shall have been delivered to Buyer. 
 6.2
Seller’s Condition Precedents. 
 The obligation of Seller to consummate the transactions contemplated by this Agreement shall
be subject to fulfillment at or prior to the Closing of the following conditions, any one or more of which may be waived in writing by Seller: 

(a) Representations and Warranties. The representations and warranties of Seller set forth in Article 4 shall be true and
correct in all respects on and as of the Closing Date or, in the case of such representations and warranties made as of a specified date, on and as of such earlier date. 

  
 - 15 - 

 (b) Compliance with Agreements. The covenants, agreements and obligations required by this
Agreement to be performed and complied with by Buyer shall have been performed and complied with in all material respects. 
 (c) Closing
Deliverables. Buyer shall have complied with all of its obligations in Section 2.4(b). 
 6.3 Termination. If the
Closing Date is not the date of this Agreement, the following termination provisions shall be applicable: 
 (a) By the Parties. This
Agreement may be terminated at any time by mutual written consent of Buyer and Seller. 
 (b) By Either Party. This Agreement may be
terminated at any time prior to the Closing by either Seller or Buyer, if (i) one or more courts of competent jurisdiction in the United States, any state or any other applicable jurisdiction has issued an order permanently restraining,
enjoining, or otherwise prohibiting the Closing, and such order has become final and non-appealable, or (ii) the Closing has not occurred by the Outside Closing Date. 

(c) Termination Procedure. In the event of termination of this Agreement by either or both parties pursuant to this
Section 6.3, written notice thereof will forthwith be given by the terminating Party to the other Party and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by either Party.
If this Agreement is terminated as permitted by this Section 6.3, such termination shall be without liability of either Party (or any stockholder, shareholder, director, officer, employee, agent, consultant or representative of such
Party) to the other Party to this Agreement; provided that the foregoing will not relieve any Party for any liability for willful and intentional material breaches of its obligations hereunder occurring prior to such termination. 

ARTICLE 7 

INDEMNIFICATION 
 7.1
Survival. 
 The representations, warranties, covenants, indemnities and agreements of Seller and Buyer contained in this Agreement
are material, were relied on by such Parties, and will survive the Closing Date and the consummation of the Transaction. 
 7.2 Seller
Indemnity. 
 From and after the Closing Date, subject to the limitations set forth in this Article 7, Seller shall indemnify,
defend and hold harmless Buyer, its Affiliates, and each of their respective shareholders, partners, members, officers, directors, employees, agents, and other representatives, and the successors and permitted assigns of each of the foregoing
(collectively, the “Buyer Indemnified Persons”) from and against any and all Claims, losses, Liabilities, damages, obligations, payments, costs and expenses (including settlement costs) and reasonable attorneys’ fees and
reasonable disbursements (including for any investigation or defense of any actions or threatened actions) in connection therewith (collectively, “Losses”) asserted against or 

  
 - 16 - 

 
suffered by any of the Buyer Indemnified Persons resulting from or arising out of any breach or non-performance by Seller of, or any inaccuracy in, its representations and warranties or covenants
contained in this Agreement or any other Seller Transaction Document. 
 7.3 Buyer Indemnity. 

From and after the Closing Date, subject to the limitations set forth in this Article 7, Buyer shall indemnify, defend and hold
harmless Seller, its Affiliates, and each of their respective shareholders, partners, members, officers, directors, employees, agents, and other representatives, and the successors and permitted assigns of each of the foregoing (collectively, the
“Seller Indemnified Persons”) from and against any and all Losses asserted against or suffered by any of the Seller Indemnified Persons resulting from or arising out of any breach or non-performance by Buyer of, or any inaccuracy
in, its representations and warranties or covenants contained in this Agreement or any other Buyer Transaction Document. 
 7.4
Limitations. 
 (a) Minimum Limit on Claims. A party required to provide indemnification under this Article 7 (an
“Indemnifying Party”) shall not be liable under this Article 7 to an Indemnified Party for any Claim for breach of any representation or warranty unless and until the aggregate amount of all Claims for which it would, in the
absence of this provision, be liable exceeds the Basket Amount, and in such event the Indemnified Party will be liable for the amount of all Claims, including the Basket Amount; provided that the foregoing limitation shall not apply in the case of
actual fraud by the Indemnifying Party. 
 (b) Maximum Limit on Claims. 

(i) Limitation on Seller’s Liability. Seller’s maximum aggregate liability for Claims for breaches of representations and
warranties under this Agreement shall not exceed the Cap; provided that Seller’s liability for any Claim based on (A) actual fraud or (B) any breach of the representations and warranties set forth in Sections 3.1, 3.2,
3.3, 3.4, and 3.6, shall not be subject to the Cap. 
 (ii) Limitation on Buyer’s Liability. Buyer’s
maximum aggregate liability for Claims for breaches of representations and warranties under this Agreement shall not exceed the Cap; provided that Buyer’s liability for any Claim based on (A) actual fraud or (B) any breach of the
representations and warranties set forth in Sections 4.1, 4.2, and 4.3 shall not be subject to the Cap. 
 (c) Time
Limit for Claims. No Indemnified Party may make a Claim for indemnification under Sections 7.2 or 7.3 in respect of any Claim unless notice in writing of the Claim, incorporating a statement setting out in reasonable detail the
grounds on which the Claim is based, has been given by the Indemnified Party prior to the expiration of the applicable Survival Period. 

(d) NO PARTY SHALL HAVE ANY LIABILITY FOR ANY PUNITIVE, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR INDIRECT DAMAGES (INCLUDING LOST PROFITS, LOST
REVENUE, DIMINUTION IN VALUE, LOSS OF BUSINESS 

  
 - 17 - 

 
REPUTATION OR LOSS OF OPPORTUNITY) SUFFERED OR INCURRED BY ANY OTHER PARTY, EXCEPT FOR ANY PUNITIVE, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR INDIRECT DAMAGES RECOVERED BY A THIRD PARTY. 

(e) This Article 7 shall be the sole and exclusive remedy for breach of, or inaccuracy in, any representation, warranty or covenant
contained herein, or otherwise in respect of the Transaction and the Holding Company LLC Agreement, except to the extent that the actions taken or not taken by such Party constituted fraud or willful misconduct. 

(f) The representations and warranties contained in Article 3 are in lieu of and are exclusive of all other representations and
warranties by Seller, any of its Affiliates or any other Person. Buyer acknowledges that, except as expressly set forth in Article 3, none of Seller, any of its respective Affiliates, or any other Person has made any representation or
warranty, expressed or implied, as to the accuracy or completeness of any information regarding any of the Seller, the Holding Company, the Project Company, their respective businesses, the Purchased Units or the assets or liabilities of the Holding
Company and the Project Company for which Seller will have or be subject to any Liability to Buyer, any of its representatives or any other Person under this Agreement or any other Seller Transaction Document resulting from the distribution to Buyer
or any of its representatives, or Buyer’s or any of its representatives’ use, of any such information. Buyer further acknowledges that, except as expressly set forth in Article 3, there are no representations or warranties of any
kind, expressed or implied, by Seller with respect to any of Seller, the Holding Company, the Project Company, their respective businesses, the Purchased Units or the assets or liabilities of the Holding Company and the Project Company or any other
matter. Subject only to the representations and warranties contained in Article 3, it is expressly understood and agreed that Buyer accepts the condition of the assets of the Holding Company and the Project Company “AS IS”,
“WHERE IS” AND WITH ALL FAULTS AND WITHOUT ANY OTHER REPRESENTATION OR WARRANTY OF ANY NATURE WHATSOEVER, EXPRESS OR IMPLIED, ORAL OR WRITTEN, AND IN PARTICULAR, WITHOUT ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE. 
 (g) The representations and warranties contained in Article 4 are in lieu of and are exclusive of all other
representations and warranties by Buyer, any of its Affiliates or any other Person. Seller acknowledges that, except as expressly set forth in Article 4, none of Buyer, any of its respective Affiliates, or any other Person has made any
representation or warranty, expressed or implied, as to the accuracy or completeness of any information regarding any of Buyer, its Affiliates, its and its Affiliates’ respective businesses, or the assets or liabilities of the Holding Company
and the Project Company for which Buyer will have or be subject to any Liability to Seller, any of its representatives or any other Person under this Agreement or any other Buyer Transaction Document resulting from the distribution to Seller or any
of its representatives, or Seller’s or any of its representatives’ use, of any such information. 
 7.5 Tax Indemnity. 

The Seller shall indemnify the Holding Company and the Buyer and hold them harmless from and against all Losses (limited to Seller’s Pro
Rata Share (as defined in the Holding Company LLC Agreement)) which arise from: (i) all Taxes of the Holding Company for all Tax 

  
 - 18 - 

 
Periods beginning and ending on or before the Closing Date, (ii) with respect to any tax periods beginning on or before and ending after the Closing Date (a “Straddle
Period”), all Taxes of the Holding Company attributable to the portion of such Straddle Period that ends on and includes the Closing Date, and (iii) all Taxes attributable to any taxable period (or portion thereof) ending on or before
the Closing Date of any Person imposed on Buyer or the Holding Company as a transferee or successor, by contract or pursuant to any Law (including, but not limited to, Treasury Regulations Section 1.1502-6 and any corollary state or local Law,
including New York) with respect to obligations or relationships existing on or prior to the Closing Date or by agreements entered into or transactions entered into on or prior to the Closing Date. 

7.6 Tax Treatment of Indemnity Payments. 

For Tax reporting purposes, to the maximum extent permitted by the Code, each Party will treat all amounts paid under any of the provisions of
this Article 7 as an adjustment to the Purchase Price. 
 7.7 Good Faith. 

The Parties agree to act in good faith in connection with making Claims for indemnification pursuant to this Agreement. 

ARTICLE 8 
 MISCELLANEOUS
PROVISIONS 
 8.1 Entire Agreement. 

This Agreement and the documents, certificates and instruments referred to herein embody the entire agreement and understanding of the Parties
hereto in respect of the Transaction and supersedes all prior agreements, representations, warranties, promises, covenants, arrangements, communications and understandings, oral or written, express or implied, between the Parties with respect to the
Transaction. There are no agreements, representations, warranties, promises, covenants, arrangements or understandings between the Parties with respect to the Transaction, other than those expressly set forth or referred to herein. 

8.2 Third-Party Beneficiaries. 

Nothing in this Agreement shall be construed to make any of the Parties hereto liable for any of the debts or other obligations of any other
Party hereto. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the signatories to this Agreement, each of their respective successors and permitted assigns and any Person entitled to indemnity
under Article 7. 
 8.3 Severability of Provisions. 

Each provision of this Agreement shall be considered severable, and if for any reason any provision that is not essential to the effectuation
of the basic purposes of this Agreement is determined to be invalid and contrary to any existing or future Law, such invalidity shall not impair the operation of or affect those provisions of this Agreement that are valid. 

  
 - 19 - 

 8.4 No Continuing Waiver; Delays and Omissions; Cumulative Remedies. 

The waiver of either Party of any breach of this Agreement shall not operate or be construed to be a waiver of any subsequent breach. No delay
or omission to exercise any right, power or remedy accruing to any Party, upon any breach or default of any other Party under this Agreement, shall impair any such right, power or remedy of such Party nor shall it be construed to be a waiver of any
such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter
occurring. Except as otherwise limited by Section 7.4, all remedies, either under this Agreement or by law or otherwise afforded to any Party, shall be cumulative and not alternative. 

8.5 Notices. 
 All
notices, requests and other communications hereunder shall be in writing (including wire, facsimile or similar writing) and shall be sent, delivered or mailed, addressed, or faxed: 

 

	 	(a)	if to Buyer, to: 

 Pattern Gulf Wind Equity LLC 

Pier 1, Bay 3 
 San Francisco,
CA 94111 
 Attention: General Counsel 

Email: generalcounsel@patternenergy.com 

Fax: (415) 362-7900 
  

	 	(b)	if to Seller, to: 

 Pattern Gulf Wind Equity 2 LLC 

c/o Pattern Renewables LP 
 Pier
1, Bay 3 
 San Francisco, CA 94111 

Attention: General Counsel 

Email: generalcounsel@patternenergy.com 

Fax: (415) 283-7900 
 Each
such notice, request or other communication shall be given (i) by mail (postage prepaid, registered or certified mail, return receipt requested), (ii) by hand delivery, (iii) by nationally recognized courier service, (iv) by
facsimile, transmission confirmed by the transmitting facsimile machine, or (v) by email, receipt confirmed. Each such notice, request or communication shall be effective and shall be deemed given and received (x) if mailed, three
(3) calendar days after mailing at the address specified in this Section 8.5 (or in accordance with the latest unrevoked written direction from such Party), (y) if delivered by hand or by internationally recognized courier
service, when delivered at the address specified in this Section 8.5 (or in accordance with the latest unrevoked written direction from the receiving Party) and (z) if given by facsimile or email, when such facsimile or email is
transmitted to the relevant number or address (as applicable) specified in this Section 8.5 (or in accordance with the latest unrevoked 

  
 - 20 - 

 
written direction from the receiving Party), and the transmission is confirmed by the transmitting machine (in the case of facsimile) or confirmation is received (in the case of email); provided
that notices received on a day that is not a Business Day or after 5:00 p.m. where the recipient is located on a Business Day will be deemed to be effective on the next Business Day. 

8.6 Applicable Law. 

This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to principles of
conflict of laws (other than Section 5-1401 of the New York General Obligations Law, which shall apply to this Agreement). The Parties hereto hereby declare that it is their intention that this Agreement shall be regarded as made under the Laws
of the State of New York and that the Laws of said State shall be applied in interpreting its provisions in all cases where legal interpretation shall be required. 

8.7 Jurisdiction; Waiver of Jury Trial. 

Each of Buyer and Seller irrevocably submits, and each agrees to cause its Affiliates to irrevocably submit, to the jurisdiction of any United
States Federal or New York State Court sitting in New York, New York for the purposes of any suit, action or other proceeding arising out of this Agreement or any transaction contemplated hereby and each agrees that such courts shall be the sole and
exclusive venue for any such action, suit or proceeding relating to this Agreement or any transaction contemplated that might be brought by it or any of its Affiliates or anyone claiming by, through or under the foregoing. Each of Buyer and Seller
irrevocably and unconditionally waives (and agrees not to plead or claim), to the fullest extent permitted by applicable Law, any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions
contemplated hereby in any court referred to in this Section 8.7 or that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. EACH OF BUYER AND SELLER AGREES TO WAIVE TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, THE SELLER TRANSACTION DOCUMENTS, THE BUYER TRANSACTION
DOCUMENTS, THE TRANSACTION OR ANY OTHER MATTER CONTEMPLATED BY THIS AGREEMENT. 
 8.8 Amendment. 

No change or modification of this Agreement shall be valid unless the same is in writing and signed by each of the Parties. No purported or
alleged waiver of any of the provisions of this Agreement shall be binding and effective unless in writing and signed by the Party against whom it is sought to be enforced. 

8.9 Assignment. 
 Neither
this Agreement nor any of the rights or obligations hereunder shall be assigned by any of the Parties hereto without the prior written consent of the other Party; provided, that Buyer and its permitted assigns may at any time without the
prior written consent of Seller: (a) assign, in whole or in part, its rights and obligations under this Agreement, the other Seller 

  
 - 21 - 

 
Transaction Documents and the other Buyer Transaction Documents to one or more of its Affiliates so long as Buyer remains liable for the performance of its obligations under this Agreement and
the other Buyer Transaction Documents, and (b) assign its rights under this Agreement, the other Seller Transaction Documents and the other Buyer Transaction Documents for collateral security purposes to any financing parties providing debt
financing to (i) Buyer, (ii) any of the Holding Company or the Project Company, (iii) the permitted assigns described in clause (a), or (iv) any of the Affiliates of the foregoing entities. Subject to the preceding
sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the Parties and their respective successors and permitted assigns. Any attempted assignment in violation of the terms of this Section 8.9 shall
be null and void. 
 8.10 Counterparts. 

This Agreement may be simultaneously executed in several counterparts (including by facsimile, PDF and/or electronic transmission), each of
which shall be an original and all of which together shall constitute one and the same Agreement. 
 8.11 Headings. 

All section headings in this Agreement are for the convenience of reference only and are not intended to qualify the meaning of any section.

 8.12 Expenses. 

Except as otherwise set forth herein, each Party hereto shall bear all of its own expenses, including legal fees and expenses, with respect to
this Agreement, the Seller Transaction Documents, the Buyer Transaction Documents and the Transaction. 
 8.13 Confidentiality. 

From and after the Closing, Seller shall, and shall cause its Affiliates and its and their Representatives (as defined in the Holding Company
LLC Agreement) and Advisors (as defined in the Holding Company LLC Agreement) to, treat and hold as confidential any information concerning the business (including know-how and trade secrets) of the Holding Company and the Project Company, the
Investment Documents and the transactions contemplated thereby (collectively, the “Buyer Information”), except (A) as expressly permitted hereunder (including under Section 5.3), (B) to the extent such
Information comes into the public domain after the Closing through no breach by Seller of this Section 8.13, (C) to the extent such Buyer Information was or becomes available to Seller or any of its Affiliates after the Closing Date
on a non-confidential basis from a source other than the Holding Company or the Project Company, or (D) to the extent the disclosure of such Buyer Information is required by Law or any regulatory requirements or as part of the preparation or
issuance of any financial statements. Seller acknowledges and agrees that the Buyer Information is the property of Buyer, the Holding Company and the Project Company. In the event that, after the Closing Date, Seller or any of its Affiliates or its
or their Representatives or Advisors is requested or required (by oral question or request for information or documents in any legal proceeding, interrogatory, subpoena, civil investigative demand or similar process) to disclose any Buyer
Information, such Person shall, to the extent permitted by law, notify Buyer promptly of the request or requirement so that Buyer 

  
 - 22 - 

 
may seek at its expense an appropriate protective order or waive compliance with the provisions of this Section 8.13. If, in the absence of a protective order or the receipt of a
waiver hereunder, such Person is, on the advice of counsel, compelled or required to disclose any Buyer Information to any Governmental Authority, such Person may disclose such Buyer Information to such Governmental Authority; provided, that
Seller shall use its commercially reasonable efforts to obtain, at the expense and request of Buyer, an order or other assurance that confidential treatment shall be accorded to such portion of the Buyer Information required to be disclosed as Buyer
shall designate. Seller shall not use, and shall not enable any third party to use, any confidential information in or relating to this Agreement or the Transaction that constitutes material non-public information regarding PEGI, Buyer or its
Affiliates in a manner that is prohibited by the U.S. securities Laws. 
 [Signature page follows] 

  
 - 23 - 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

  

			
	SELLER:
	
	PATTERN GULF WIND EQUITY 2 LLC
		
	By:		 /s/ Amy Smolen

	Name:		 Amy Smolen

	Title:		 Vice President

	
	BUYER:
	
	PATTERN GULF WIND EQUITY LLC
		
	By:		 /s/ Amy Smolen

	Name:		 Amy Smolen

	Title:		 Vice President

 [Signature Page to Purchase Agreement] 

 EXHIBIT A 

FORM OF ASSIGNMENT OF MEMBERSHIP INTERESTS 

THIS ASSIGNMENT OF MEMBERSHIP INTEREST (this “Assignment”), dated as of
[            ], 2015 (the “Effective Date”), is made and entered into by and between Pattern Gulf Wind Equity 2 LLC a Delaware limited liability company
(“Assignor”), and Pattern Gulf Wind Equity LLC, a Delaware limited liability company (“Assignee”). Assignor and Assignee are referred to herein, collectively, as the “Parties.” 

RECITALS 
 WHEREAS, Assignor owns
forty percent (40%) of the Class B Units of Pattern Gulf Wind Holdings LLC, a Delaware limited liability company (the “Company”); and 

WHEREAS, Assignor and Assignee entered into a Purchase Agreement dated as of July 15, 2015 (the “Purchase Agreement”),
pursuant to which Assignor agreed to transfer all of the Class B Units owned by Assignor (the “Acquired Interests”) to the Assignee, as of the Closing Date, and Assignee agreed to accept and assume the transfer of the Acquired
Interests. 
 AGREEMENT 
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth in this Assignment and the Purchase Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties
agree as follows: 
 Section 1. Assignment of Acquired Interests. The Assignor hereby irrevocably transfers, assigns, conveys
and delivers to the Assignee the Acquired Interests, including each, every and all of the rights, titles, interests and benefits of whatsoever kind or character now or thereafter accruing to Assignor’s limited liability company interests in the
Company, including all of Assignor’s capital account in the Company, as of the Closing Date, free and clear of all Liens. In furtherance of the foregoing, Assignor hereby delivers to Assignee all Certificates of Interest representing the
Assigned Interests, together with instrument or instruments of transfer duly completed and executed by Assignor effective to transfer such Certificate or Certificates to Assignee. 

Section 2. Assumption of Acquired Interests. As of the Effective Date, the Assignee hereby purchases, accepts and assumes the
Acquired Interests from the Assignor. 
 Section 3. Coordination with Purchase Agreement. Assignor and Assignee acknowledge and
agree that this Assignment is being delivered pursuant to, and is subject to, all of the terms, conditions, and limitations set forth in the Purchase Agreement. Nothing in this Assignment shall be deemed to supersede, supplement, or modify any of
the provisions of the Purchase Agreement. If any conflict arises between the terms of the Purchase Agreement and the terms of this Assignment, the terms of the Purchase Agreement shall govern and control. 

Section 4. Defined Terms. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the
Purchase Agreement. 

 Section 5. Facsimile Signature; Counterparts. This Assignment may be executed by
facsimile signature in any number of counterparts (or by combining facsimile and/or original signatures into one or more counterparts), each of which will be deemed an original, but all of which together will constitute one and the same instrument.

 Section 6. Governing Law. This Assignment shall be governed by and construed in accordance with the laws of the State of New
York, without regard to the principles of conflicts of laws thereof except for Sections 5-1401 and 5-1402 of the New York General Obligations Law. 

Section 7. Successors and Assigns. This Assignment is binding upon, inures to the benefit of and is enforceable by the parties
hereto and their respective successors and assigns. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, this Assignment is executed as of the Effective Date. 

 

			
	ASSIGNOR:
	
	PATTERN GULF WIND EQUITY 2 LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ASSIGNEE:
	
	PATTERN GULF WIND EQUITY LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Signature Page to Assignment of Membership Interests] 

 EXHIBIT B 

FORM OF CLOSING CERTIFICATE FOR SELLER 

Pursuant to Section 2.4(a)(iii) of that certain Purchase Agreement by and between Pattern Gulf Wind Equity 2 LLC, a Delaware limited liability company
(“Seller”), and Pattern Gulf Wind Equity LLC, a Delaware limited liability company (“Buyer”), dated as of July 15, 2015, (the “Agreement”), the undersigned hereby certifies that he or she is
authorized to execute and deliver this certificate and hereby certifies as follows: 
  

	 	1.	The representations and warranties of Seller set forth in Article 3 of the Agreement are true and correct in all respects on and as of the Closing Date or, in the case of such representations and warranties made
as of a specified date, on and as of such earlier date. 

  

	 	2.	The covenants, agreements and obligations required by the Agreement to be performed and complied with by Seller have been performed and complied with in all material respects prior to or at the date hereof.

 All capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Agreement. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned executed this certificate as of this
            day of     , 2015. 
  

	
	  

	Name :
	Title:

 EXHIBIT C 

FORM OF SECRETARY’S CERTIFICATE OF SELLER 

Pursuant to Section 2.4(a)(iv) of that certain Purchase Agreement by and between Pattern Gulf Wind Equity 2 LLC, a Delaware limited liability company
(“Seller”), and Pattern Gulf Wind Equity LLC, a Delaware limited liability company (“Buyer”), dated as of July 15, 2015, (the “Agreement”), the undersigned hereby certifies that he or she is
the [            ] of Seller, and as follows: 
  

	 	•	 	Attached hereto as Exhibit A is a true and complete copy of the Certificate of Formation of Seller, which has not been amended, restated, supplemented, rescinded or modified since the date thereof and is in full
force and effect as of the date hereof. 

  

	 	•	 	Attached hereto as Exhibit B is a true and complete copy of the limited liability company agreement of Seller, which has not been amended, restated, supplemented, rescinded or modified since the date thereof and
is in full force and effect as of the date hereof. 

  

	 	•	 	Attached hereto as Exhibit C is a true and complete copy of a certificate of good standing of Seller, dated within five (5) Business Days of the date hereof, issued by the Secretary of State of the State of
Delaware. 

  

	 	•	 	Attached hereto as Exhibit D is a true and complete copy of the resolutions duly adopted by [            ] of Seller authorizing the execution and
delivery of the Agreement and other documents to be executed in connection therewith, and such resolutions were duly adopted by [            ] of Seller and have not been rescinded or
amended as of the date hereof. 

  

	 	•	 	Attached hereto as Exhibit E is a certificate of incumbency as to the [            ] of Seller who signed the Agreement and who will sign the other
documents to be executed in connection therewith on behalf of Seller. 

 [Signature Page Follows] 

  
 C-1 

 IN WITNESS WHEREOF, I have hereunto set my hand this
[            ] day of [    ], 2015. 
  

	
	  

	Name:
	Title:

 EXHIBIT D 

FORM OF CLOSING CERTIFICATE OF BUYER 

                    , 2015 

Pursuant to Section 2.4(b)(iii) of that certain Purchase Agreement by and between Pattern Gulf Wind Equity 2 LLC, a Delaware limited liability company
(“Seller”), and Pattern Gulf Wind Equity LLC, a Delaware limited liability company (“Buyer”), dated as of July 15, 2015, (the “Agreement”), the undersigned, [NAME], in [his/her] capacity as
[TITLE] of Buyer, hereby certifies that [he/she] is authorized to execute and deliver this certificate and hereby certifies as follows: 
  

	 	1.	The representations and warranties of Buyer set forth in Article 4 are true and correct in all respects on and as of the Closing Date or, in the case of such representations and warranties made as of a specified
date, on and as of such earlier date. 

  

	 	2.	The covenants, agreements and obligations required by the Agreement to be performed and complied with by Buyer have been performed and complied with in all material respects prior to or at the date hereof.

 All capitalized terms used herein and not otherwise defined shall have the meaning ascribed to them in the Agreement. 

[Signature Page Follows] 

  
 D-1 

 IN WITNESS WHEREOF, the undersigned executed this certificate as of the date first written above.

  

			
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT E 

FORM OF SECRETARY’S CERTIFICATE OF BUYER 

Pursuant to Section 2.4(b)(iv) of that certain Purchase Agreement by and between Pattern Gulf Wind Equity 2 LLC, a Delaware limited liability company
(“Seller”), and Pattern Gulf Wind Equity LLC, a Delaware limited liability company (“Buyer”), dated as of July 15, 2015, (the “Agreement”), the undersigned hereby certifies that [he/she] is the
[            ] of Buyer, and as follows: 
  

	 	•	 	Attached hereto as Exhibit A is a true and complete copy of Buyer’s Certificate of Formation, which has not been amended, restated, supplemented, rescinded or modified since the date thereof and is in full
force and effect on the date hereof. 

  

	 	•	 	Attached hereto as Exhibit B is a true and complete copy of Buyer’s operating agreement, which has not been amended, restated, supplemented, rescinded or modified since the date thereof and is in full force
and effect on the date hereof. 

  

	 	•	 	Attached hereto as Exhibit C is a true and complete copy of a certificate of good standing of the Buyer, dated within five (5) Business Days of the date hereof, certified by the Secretary of State of the
State of Delaware. 

  

	 	•	 	Attached hereto as Exhibit D is a true and complete copy of the resolutions duly adopted by the sole member of Buyer (the “Sole Member”) authorizing the execution and delivery of the Agreement,
and such resolutions were duly adopted by the Sole Member and have not been rescinded or amended as of the date hereof. 

  

	 	•	 	Attached hereto as Exhibit E is a certificate of incumbency as to the officers of Buyer who signed the Agreement and who will sign the other documents to be executed in connection therewith on behalf of Buyer.

 [Signature Page Follows] 

 IN WITNESS WHEREOF, I have hereunto set my hand this
[            ] day of [    ], 2015. 
  

	
	  

	Name:
	Title: Secretary

 EXHIBIT F 

FORM OF CERTIFICATE OF NON-FOREIGN STATUS 

Pattern Renewables LP 

This statement is being provided by Pattern Renewables LP, a Delaware limited partnership (the “Partnership”) pursuant to
Section 2.4(a)(ii) of that certain Purchase Agreement, dated as of July 15, 2015 (the “Agreement”), between Pattern Gulf Wind Equity 2 LLC, a Delaware limited liability company (“Seller”), and Pattern Gulf
Wind Equity LLC, a Delaware limited liability company (“Transferee”). 
 Section 1445 of the Internal Revenue Code of
1986, as amended (the “Code”) provides that a transferee of a United States real property interest, including an interest in a partnership that is described in Treasury Regulation Section 1.1445-11T(d)(1), must withhold tax if
the transferor is a foreign person. Pattern Gulf Wind Holdings LLC, a Delaware limited liability company (the “Company”) is a partnership for U.S. tax purposes. For U.S. tax purposes (including Section 1445), the owner of a
disregarded entity (which has legal title to a property interest under local law) will be the transferor of the property interest and not the disregarded entity. To inform Transferee that withholding of tax is not required upon the disposition of
the interests in the Company, the undersigned hereby certifies the following on behalf of Transferor: 
  

	 	1.	Seller is a disregarded entity, as defined in Section 1.1445-2(b)(2)(iii) of the Treasury Regulations, that is owned by the Partnership; 

 

	 	2.	Seller owns 40% of the Class B Units in the Company; 

  

	 	3.	The Partnership is not a foreign corporation, foreign partnership, foreign trust, or foreign estate (as those terms are defined in the Code and the Treasury Regulations); 

 

	 	4.	The Partnership’s federal employer identification number is [                    ] ; and 

 

	 	5.	The Partnership’s office address is: 

[                    ] 

The Partnership understands that this certification may be disclosed to the United States Internal Revenue Service by Transferee and that any
false statement contained herein could be punished by fine, imprisonment or both. 
 [Signature page follows] 

  
 G-5 

 Under penalties of perjury, I declare that I have examined this certification and to the best of
my knowledge and belief it is true, correct and complete, and I further declare that I have authority to sign this document on behalf of Transferor. 
  

			
	PATTERN RENEWABLES LP
	
	By: Pattern Renewables GP LLC, its General Partner
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Date:
                    , 2015 

 EXHIBIT G 

FORM OF RELEASE AGREEMENT 

GENERAL RELEASE AGREEMENT 

THIS GENERAL RELEASE AGREEMENT (this “Release” or “Agreement”) is made and entered into as of
            , 2015, by and between Pattern Gulf Wind Equity 2 LLC, a Delaware limited liability company (the “Seller”), and Pattern Gulf Wind Equity LLC, a
Delaware limited liability company (“Buyer”), Each of the Seller and Buyer is herein referred to as a “Party” and collectively as the “Parties.” 

RECITALS 
 WHEREAS,
Seller and Buyer are parties to that Purchase Agreement, dated as of July 15, 2015 (as amended, supplemented, modified or restated, the “Purchase Agreement”), which provides for the purchase by Buyer, and the sale and transfer
by Seller, of all of the Class B Units of Pattern Gulf Wind Holdings LLC, a Delaware limited liability Company (“Holding Company”) owned by Seller; 

WHEREAS, Holding Company owns 100% of the membership interests in Pattern Gulf Wind LLC, a Delaware limited liability company (the
“Project Company”), which owns and operates a 283.2MW wind project in Kenedy County, Texas (the “Wind Farm”); 

WHEREAS, it is a condition to the Closing under the Purchase Agreement that this Release be executed and delivered by the Parties; and 

WHEREAS, capitalized terms used herein without definition are used as defined in the Purchase Agreement; 

NOW THEREFORE, for and in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Parties do hereby agree as follows: 
 1. Definitions. For purposes of this Agreement, the following
terms have the meanings set forth below: 
 (a) “Claims” means any and all liabilities, obligations, causes of action at
law or in equity, complaints, actions, demands, suits, debts, dues, judgments, executions, costs, expenses, charges, amounts owed, bonuses, fees, payments streams, and other claims and rights of payment of any and every kind, arising under any
theory of contract, tort, fraud, breach of duty, strict liability or any other theory of liability, based on any foreign, federal, state or local law, code, statute, rule or regulation, or the common or civil law of any jurisdiction, known or
Unknown Claims, fixed or contingent, suspected or unsuspected, or latent, concealed or hidden, of any nature whatsoever. 

  
 G-1 

 (b) “Excluded Claim” means any Claim arising in connection with the breach of
the Purchase Agreement or any other Seller Transaction Document or Buyer Transaction Document. 
 (c) “Related Parties”
means, as to a Party, each of such Party’s respective subsidiaries, parents, successors, and predecessors, past or present officers, directors, shareholders, agents, principals, employees, insurers, lenders, attorneys, advisors, and investment
advisors, underwriters, partners, members, affiliates, accountants and any firm, trust, partnership, corporation, officer, director or other Person in which any Party has a controlling interest or which is related to or affiliated with such Party,
and the respective legal representatives, heirs, successors in interest or assigns of each of such Party, provided, however, that neither Seller nor Buyer are Related Parties of each other for purposes of this Release. 

(d) “Released Claims” means any Claims which in any way relate to, arise out of, result from or are connected with
(i) the Wind Farm, the Holding Company, the Project Company or any member of any of them, (ii) any of the Released Parties’ direct or indirect equity ownership or membership in, or management of, the Holding Company, the Project
Company or the Wind Farm or involvement with the Wind Farm, and (iii) any rights arising under the Holding Company LLC Agreement, the limited liability company agreement of the Project Company, or any applicable Law in connection therewith,
including any Unknown Claims, provided that no Excluded Claim shall be a Released Claim. 
 (e) “Releasing Parties”
means Seller, on behalf of itself and its Related Parties. 
 (f) “Released Parties” has the meaning given to it in
Section 2 hereof. 
 (g) “Unknown Claims” means any and all Claims which any of the Releasing Parties does not
know or suspect exists in its favor at the time of the release of the Claims, including those which if known by such Person might have affected such Person’s decision(s) with respect to the release set forth in this Release. 

2. Release/Waiver. Each of the Releasing Parties does hereby fully, irrevocably and unconditionally remise, release, acquit, waive,
relinquish, and forever discharge Buyer, the Holding Company, the Project Company, the Wind Farm and each of their respective Related Parties (hereinafter the “Released Parties”) from any and all Released Claims that any of the
Releasing Parties has or may have, now or in the future, and waives all rights Released Parties may now or in the future have with respect to any Released Claim. 

3. Covenant Not to Sue. Seller, on behalf of itself and the other Releasing Parties represents, warrants and further irrevocably
covenants and agrees that Seller (a) has not assigned, transferred, pledged or otherwise disposed of any of its rights under or with respect to the Purchase Agreement or any Released Claim, and (b) will not in the future make any claim in
respect of any Released Claim or commence or join any suit, action or proceeding, at law or equity, against any of the Released Parties with respect to or on account of any Released Claim. This release is for any relief, no matter how denominated,
including, but not limited to, injunctive relief, compensatory damages or punitive damages. 

  
 G-2 

 4. Unknown Claims. The Parties acknowledge that the inclusion of “Unknown
Claims” in the definition of Claims was separately bargained for and was a key element of this Release. The Releasing Parties acknowledge that they may hereafter discover facts which are different from or in addition to those that they may now
know or believe to be true with respect to any and all claims, counterclaims, cross-claims, demands, rights, liabilities and causes of action herein released and agree that all Unknown Claims are nonetheless released and that this Release shall be
and remain effective in all respects even if such different or additional facts are subsequently discovered. 
 5. Waiver. IN
ENTERING INTO THIS AGREEMENT SELLER, ON BEHALF OF ITSELF AND THE OTHER RELEASING PARTIES, EXPRESSLY WAIVES ANY AND ALL RIGHTS IT HAS OR THEY HAVE UNDER ANY STATE OR FEDERAL STATUTE OR ANY COMMON LAW PRINCIPLE OF SIMILAR EFFECT, THAT PROVIDES THAT
THE FOREGOING RELEASE DOES NOT EXTEND TO CLAIMS THAT IT DOES NOT KNOW OR SUSPECT TO EXIST IN ITS FAVOR AT THE TIME OF THE CLOSING, WHICH IF KNOWN BY IT WOULD HAVE MATERIALLY AFFECTED ITS SETTLEMENT OF THE RELEASED CLAIMS. SELLER, ON BEHALF OF ITSELF
AND THE OTHER RELEASING PARTIES, ACKNOWLEDGES THAT IT OR THEY MAY HEREAFTER DISCOVER FACTS DIFFERENT FROM, OR IN ADDITION TO, THOSE WHICH IT OR THEY KNOWS OR BELIEVES TO BE TRUE WITH RESPECT TO THE RELEASED CLAIMS, AND AGREES THAT THIS AGREEMENT
SHALL BE AND REMAIN EFFECTIVE IN ALL RESPECTS NOTWITHSTANDING SUCH DIFFERENT OR ADDITIONAL FACTS OR THE DISCOVERY THEREOF. 
 6.
Notice. Any notice or other communication under this Release must be in writing and shall be effective upon delivery by hand or three (3) business days after deposit in the United States mail, postage prepaid, certified or registered,
and addressed to the Parties at the addresses set forth in the Purchase Agreement. 
 7. General Provisions. 

(a) Law. This Agreement shall be interpreted, enforced and governed under Delaware law. 

(b) Severability. The provisions of this Agreement shall be severable. If any provision is held by an arbitrator or a court of
competent jurisdiction to be unenforceable, in whole or in part, the remainder shall remain in effect and the stricken provision shall be replaced, to the extent possible, with an enforceable provision as similar in tenor as legally possible. 

(c) Counterparts. This Agreement may be signed by facsimile and in one or more counterparts, each of which shall be deemed an original
instrument and together shall constitute the entire Agreement. 
 (d) Entire Agreement. This is the entire Agreement of the Parties
relating to the transactions set forth herein, and all prior understandings, representations and statements, oral, written or implied, concerning this transaction are superseded by this Agreement. No

  
 G-3 

 
amendments will be valid unless written and signed by both Parties. The Parties acknowledge they are not executing this Agreement in reliance on any oral promise, representation or warranty not
contained herein. 
 (e) Binding Agreement. This Agreement shall inure to the benefit of and be binding upon the successors and
assigns of the Parties. 
 (f) Construction of Agreement. The Purchase Agreement, and this Agreement, are the result of negotiations
between the Parties. The Parties, and each of them, acknowledge, represent and warrant that they were represented by independent legal counsel of their own choice throughout all negotiations preceding and occurring in connection with the negotiation
and execution of this Agreement. Any ambiguity shall not be construed against either side on the basis of such side having drafted or prepared the language of any provision. 

(g) Payments of Costs, Expenses, and Fees. All costs and expenses incurred in negotiating this Agreement shall be borne by each Party
by themselves. If any Claim is made or brought in connection with the terms or conditions of this Agreement or for the enforcement of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys’ fees and costs
incurred, in addition to any other relief to which they may be entitled, whether or not suit or arbitration is filed and whether or not any such suit or arbitration proceeds to judgment. 

(h) Titles and Captions. All section or paragraph titles or captions in this Release are for convenience only, shall not be deemed part
of this Release, and in no way define, limit, extend or describe the scope or intent of any provision hereof. 
 [The remainder of the
page left intentionally blank.] 

  
 G-4 

 EXECUTED by the undersigned as of the date first written above. 

 

			
	PATTERN GULF WIND EQUITY 2 LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PATTERN GULF WIND EQUITY LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Signature Page to General Release Agreement] 

  
 G-5EX-10.1

 Exhibit 10.1 

TAX MATTERS AGREEMENT 

This Tax Matters Agreement (the “Agreement”), dated as of             ,
2015, is by and among Capital Southwest Corporation, a Delaware corporation (“Capital Southwest”), and CSW Industrials, Inc., a Delaware corporation (“CSWI”). Each of Capital Southwest and CSWI is sometimes referred to as a
“Party,” and, collectively, as the “Parties.” 
 WHEREAS, CSWI and one or more of its Subsidiaries are members of the
Affiliated Group of which Capital Southwest is the common parent corporation; 
 WHEREAS, following the Share Distribution, Capital
Southwest will not own, directly or indirectly, any Capital Stock in CSWI or any of its Subsidiaries; 
 WHEREAS, following the Share
Distribution, CSWI and one or more of its Subsidiaries will be members of the Affiliated Group of which CSWI is the common parent corporation; and 

WHEREAS, Capital Southwest and CSWI desire to set forth certain covenants and indemnities relating to the preservation of the tax-free status
of the Share Distribution. 
 NOW, THEREFORE, in consideration of the mutual obligations and undertakings contained herein, the parties
agree as follows: 
 ARTICLE I 

DEFINITIONS 
 As
used in this Agreement, the following terms shall have the following meanings: 
 “Acting Party” has the meaning set forth
in Section 6.03(a) of this Agreement. 
 “Affiliate” means, with respect to any specified Person, a Person that
directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the specified Person. 

“Affiliated Group” means an affiliated group of corporations within the meaning of Section 1504 of the Code. 

“Business Day” means any day that is not a Saturday, a Sunday or any other day on which banks are required or authorized by
applicable law to be closed in New York, New York. 
 “Capital Southwest Active Business” means the Sensory Device
Manufacturing Business, as defined in the Tax Opinion. 
 “Capital Stock” means all classes or series of capital stock of a
Party, including (i) common stock, (ii) preferred stock, (iii) all options, warrants and other rights to acquire such capital stock, and (iv) all instruments properly treated as stock in a Party for U.S. federal income tax
purposes. 

  

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

“Contribution” has the meaning given to such term in the Distribution Agreement. 

“CSWI Active Business” means the Diversified Industrial Growth Business, as defined in the Tax Opinion. 

“Distribution Agreement” means the Distribution Agreement by and between Capital Southwest and CSWI, dated as of
            , 2015. 
 “Distribution Date” has the meaning
given to such term in the Distribution Agreement. 
 “Fifty-Percent or Greater Interest” has the meaning that is given to
such term for purposes of Section 355(e) of the Code. 
 “Filing Date” has the meaning set forth in
Section 3.04(d) of this Agreement 
 “Final Determination” means the final resolution of liability for any Tax with
respect to a taxable period (i) as specified on an effective IRS Form 870 or 870-AD (or any successor forms), or as specified on an effective comparable form of another Taxing Authority, except that an IRS Form 870 or 870-AD or comparable form
that reserves (whether by its terms or by operation of law) the right of the taxpayer to file a claim for a refund or the right of the Taxing Authority to assert a further deficiency shall not constitute a Final Determination; (ii) by a
decision, judgment, decree, or other order by a court of competent jurisdiction, which has become final and may not be appealed; (iii) by a closing agreement or accepted offer in compromise under Section 7121 or 7122 of the Code, or
comparable agreement under the laws of any other jurisdiction; or (iv) by any other final disposition, including by reason of the expiration of the applicable statute of limitations. 

“IRS” means the Internal Revenue Service. 

“Member” has the meaning given to such term in Treasury Regulation Section l.1502-1(b). 

“Non-Acting Party” has the meaning set forth in Section 3.03(a) of this Agreement. 

“Notified Action” has the meaning set forth in Section 3.03(a) of this Agreement. 

“Party” has the meaning set forth in the preamble. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof, without regard to whether any entity is treated as disregarded for U.S. federal income tax
purposes. 
 “Proposed Acquisition Transaction” means a transaction or series of related transactions (or any agreement,
understanding, arrangement, or substantial negotiations within the meaning of 

  
 2 

 
Section 355(e) of the Code and Treasury Regulations section 1.355-7, to enter into a transaction or series of related transactions), whether such transaction is supported by the Party’s
officers, directors, management or shareholders, is a hostile acquisition, or otherwise, as a result of which such Party would merge or consolidate with any other Person or as a result of which any Person or any group of related Persons would,
directly or indirectly, acquire, or have the right to acquire, from such Party and/or one or more holders of outstanding shares of such Party’s Capital Stock, a number of shares of such Party’s Capital Stock that would, when combined with
any other changes in ownership of such Party’s Capital Stock relevant for purposes of Section 355(e) of the Code, comprise 40% or more of (A) the value of all outstanding shares of all classes of stock of such Party as of the date of
such transaction, or, in the case of a series of related transactions, the date of the last transaction of such series, or (B) the total combined voting power of all outstanding shares of all classes of voting stock of such Party as of the date
of such transaction, or, in the case of a series of related transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (A) the adoption by a Party of a
shareholder rights plan or (B) issuances by a Party that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan
of an employer) of Treasury Regulations Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a shift of voting power or any redemption of shares of stock
shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof is intended to monitor compliance with Section 355(e) of the Code and shall be interpreted
accordingly. Any clarification of, or change in, Section 355(e) of the Code or the regulations thereunder shall be incorporated in this definition and its interpretation. 

“Protective Section 336(e) Election” has the meaning set forth in Section 4.11 of this Agreement. 

“Representation Letters” means the officers’ certificates setting forth representations delivered or deliverable by
Capital Southwest and/or CSWI to the Tax Advisor in connection with the rendering of the Tax Opinion. 
 “Ruling” means a
written determination furnished by the National Office of the IRS in response to a request by Capital Southwest or CSWI. 
 “Share
Distribution” has the meaning given to such term in the Distribution Agreement. 
 “Subsidiary” of any Person
means another Person (a) in which the first Person owns, directly or indirectly, an amount of the voting interests sufficient to elect at least a majority of its board of directors or other governing body (or, if there are no voting interests,
a majority of the equity interests in such other Person), or (b) with respect to whom the first Person otherwise has the power to direct its management and policies. A Subsidiary may be owned directly or indirectly by such first Person or by
another Subsidiary of such first Person. 

  
 3 

 “Tax” or “Taxes” means any and all taxes, charges, fees, duties and
other governmental charges imposed by a Taxing Authority, including, without limitation, all net income, alternative or add-on minimum, estimated, gross income, sales, use, ad valorem, gross receipts, value added, franchise, profits, license,
transfer, recording, withholding, payroll, employment, excise, severance, stamp, occupation, premium, property, windfall profit, custom duty or other taxes of any kind whatsoever, together with any related interest, penalties and other additions to
tax. 
 “Tax Advisor” means a United States tax counsel or accountant of recognized national standing. 

“Tax Controversy” means any audit (including any pending or threatened audit), examination, dispute, suit, action, proposed
assessment or other proceeding relating to Taxes. 
 “Tax-Free Status” means the qualification of the Contribution and
Share Distribution, taken together, (a) as a reorganization described in Sections 368(a)(1)(D) and 355(a) of the Code, (b) as a transaction in which the CSWI stock that is distributed by Capital Southwest is “qualified property”
for purposes of Sections 355(d), 355(e), and 361(c) of the Code, and (c) as a transaction in which the shareholders of Capital Southwest recognize no income or gain for U.S. federal income tax purposes pursuant to Section 355 of the Code
(except for cash received in lieu of fractional shares, if any). 
 “Tax Materials” has the meaning set forth in
Section 3.01(a)(i) of this Agreement. 
 “Tax Opinion” means the opinion of the Tax Advisor deliverable to Capital
Southwest in connection with the Contribution and Share Distribution. 
 “Tax-Related Losses” means (i) all Taxes
imposed pursuant to any Final Determination and resulting from the failure of the Contribution and the Share Distribution, taken together, to qualify for Tax-Free Status, and (ii) all reasonable accounting, legal and other professional fees,
and court costs incurred in connection with such failure. 
 “Tax Return” means any return, filing, questionnaire or other
document, including requests for extensions of time, filings made with estimated Tax payments, claims for refund and amended returns, that may be filed for any taxable period with any Taxing Authority in connection with any Tax (whether or not a
payment is required to be made with respect to such filing) or any information reporting requirement (including any related supporting information or schedule attached thereto). 

“Taxing Authority” means a federal, national, foreign, municipal, state, or other governmental authority responsible for the
administration of any Tax. 
 “Treasury Regulations” means the U.S. Treasury Regulations promulgated under the Code. 

“Unqualified Tax Opinion” means an unqualified “will” opinion of a Tax Advisor to the effect that a transaction
will not affect the qualification of the Contribution and Share Distribution for Tax-Free Status. Any such opinion must assume that the Contribution and Share Distribution would have qualified for Tax-Free Status if the transaction in question did
not occur. An unqualified “will” opinion may describe the reasons for the conclusions and include the facts, assumptions, and supporting legal analysis. 

  
 4 

 ARTICLE II 

COOPERATION AND TAX CONTROVERSIES 

Section 2.01. Cooperation. 

(a) Each Party shall use its commercially reasonable best efforts to cooperate fully with the other Party in connection with the preparation
and filing of any Tax Return and the conduct of any Tax Controversy, in each case, concerning any matter that is relevant for purposes of this Agreement. Such cooperation shall include (i) the retention and provision, on commercially reasonable
demand, of books, records, documentation and other information relating to any Tax Return until the later of (x) the expiration of the applicable statute of limitations (giving effect to any extension, waiver, or mitigation thereof), and
(y) in the event a claim has been made under this Agreement for which such information is relevant, until a Final Determination with respect to such claim; (ii) the filing or execution of any document that may be necessary or reasonably
helpful in connection with the filing of any Tax Return, or in connection with any Tax Controversy (including a power of attorney); and (iii) the use of the Parties’ commercially reasonable best efforts to obtain any documentation from a
governmental authority or a third party that may be necessary or helpful in connection with any of the foregoing. Each Party shall make its employees and facilities available on a mutually convenient, commercially reasonable basis to facilitate such
cooperation. 
 Section 2.02. Tax Controversies. 

(a) Each Party shall use commercially reasonable efforts to keep the other Party informed on a timely basis as to the status of any Tax
Controversy involving any issue that could give rise to any liability of the other Party under this Agreement. Each Party shall promptly notify the other Party of any inquiries by any Taxing Authority, or any other administrative, judicial or other
governmental authority, that relate to any Tax that may give rise to any liability under this Agreement. Capital Southwest shall have sole control of any Tax Controversy relating to any of its Tax Returns, except, however, that in the case of any
such Tax Controversy that may affect Taxes for which CSWI may have indemnification liability under this Agreement (such Taxes, “Section 3.04(a) Taxes”), (i) CSWI shall be entitled to participate, jointly along with Capital Southwest,
in the Tax Controversy, at CSWI’s cost and expense, to the extent the Tax Controversy relates to Section 3.04(a) Taxes, (ii) Capital Southwest shall keep CSWI promptly informed and consult in good faith with CSWI with respect to any
issue relating to Section 3.04(a) Taxes, (iii) Capital Southwest shall promptly provide CSWI with copies of all correspondence, notices, and other written materials received from any Taxing Authority relating to Section 3.04(a) Taxes
and shall otherwise keep CSWI promptly advised of all developments related to Section 3.04(a) Taxes, (iv) CSWI may request Capital Southwest to take a position (as specified, and in the form set forth, in written materials provided by CSWI
to Capital Southwest) with respect to Section 3.04(a) Taxes, and Capital Southwest shall take such position (as specified and in such form), provided, (A) there exists at least “substantial authority” for such position within the
meaning of Section 6662 of the Code, (B) the adoption of such position could 

  
 5 

 
not reasonably be expected to increase Capital Southwest’s Taxes, other than Section 3.04(a) Taxes, or CSWI agrees to indemnify and hold harmless Capital Southwest for such increases in
Taxes, and (C) CSWI agrees to reimburse Capital Southwest for any reasonable third party costs that are attributable to CSWI’s request, (v) Capital Southwest shall provide CSWI with a copy of any written submission to be sent to a
Taxing Authority, to the extent related to Section 3.04(a) Taxes, at least 10 days prior to the submission thereof and shall incorporate any comments or suggested revisions that CSWI may have with respect thereto, and (vi) there shall be
no settlement, resolution or closing or other agreement with respect to Section 3.04(a) Taxes without the prior written consent of CSWI. 

ARTICLE III 

TAX-FREE STATUS 

Section 3.01. Representations, Warranties and Covenants. 

(a) CSWI represents and warrants, and covenants as to time periods after the date hereof as set forth in Section 3.01(a)(ii), that: 

(i) it has examined (A) the Tax Opinion, and (B) the Representation Letters (the foregoing (A) and (B),
collectively, the “Tax Materials”); 
 (ii) the facts presented and the representations made in the Tax
Materials, to the extent descriptive of CSWI and its Subsidiaries (including the business purposes for the Contribution and Share Distribution, to the extent that they relate to CSWI and its Subsidiaries, and the plans, proposals, intentions,
policies and covenants of CSWI and its Subsidiaries) are, and will be through and including the Distribution Date, and thereafter as relevant, true, correct, and complete in all respects; and 

(iii) neither it nor any of its Subsidiaries has any plan or intention to take any action that is inconsistent with any of the
representations or covenants made by them in the Tax Materials. 
 (b) Capital Southwest hereby represents and warrants, and covenants as to
time periods after the date hereof as set forth in Section 3.01(b)(ii), that: 
 (i) it has examined the Tax Materials;

 (ii) it has delivered complete and accurate copies of the Tax Materials to CSWI, and the facts presented and the
representations made therein, to the extent descriptive of Capital Southwest and its Subsidiaries (other than CSWI and its Subsidiaries) (including the business purposes for the Contribution and Share Distribution, to the extent that they relate to
Capital Southwest and its Subsidiaries (other than CSWI and its Subsidiaries), and the plans, proposals, intentions, policies and covenants of Capital Southwest and its Subsidiaries (other than CSWI and its Subsidiaries), are, and will be through
and including the Distribution Date, and thereafter as relevant, true, correct and complete in all respects; and 

  
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 (iii) neither it, nor any of its Subsidiaries (other than CSWI and its
Subsidiaries) has any plan or intention to take any action that is inconsistent with any of the representations or covenants made by them in the Tax Materials. 

Section 3.02. Restrictions on Capital Southwest and CSWI. Capital Southwest and CSWI each agree that: 

(a) it will not take or fail to take, or permit, any of its Subsidiaries (as they exist from time to time) to take or fail to take any action
if such action or failure to act would be inconsistent with any representation or covenant in the Tax Materials; 
 (b) from the date hereof
until the first day after the two-year anniversary of the Distribution Date, it will (i) “actively conduct,” within the meaning of Section 355(b)(2) of the Code, its active business (the Capital Southwest Active Business and the
CSWI Active Business, respectively), and (ii) not engage in any transaction that would result in it ceasing to “actively conduct” its active business; and 

(c) from the date hereof until the first day after the two-year anniversary of the Distribution Date, it will not: 

(i) enter into any Proposed Acquisition Transaction or, to the extent it has the right to prohibit any Proposed Acquisition
Transaction, permit any Proposed Acquisition Transaction to occur, 
 (ii) liquidate or partially liquidate (within the
meaning of such terms as defined for purposes of Sections 331 and 302, respectively, of the Code), 
 (iii) sell or transfer
in a single transaction or series of transactions, other than sales or transfers of inventory in the ordinary course of business, 35% or more of the gross assets of the Capital Southwest, Active Business or the CSWI Active Business or 35% or more of
its and its Affiliates consolidated gross assets (such percentages to be measured based on fair market value as of the Distribution Date), or sell or transfer any portion of its and its Affiliates’ assets if such sale or transfer would result
in the violation of the “continuity of business enterprise” requirement of Treasury Regulations Section 1.368-1(d) in connection with the Contribution and Share Distribution, 

(iv) redeem or otherwise repurchase, directly or through one or more of its Affiliates, any of its Capital Stock, except to the
extent such repurchases satisfy Section 4.05(1)(b) of Revenue Procedure 96-30 (as in effect prior to the amendment of such Revenue Procedure by Revenue Procedure 2003-48), 

(v) amend its certificate of incorporation or other organizational documents, or take any other action, whether through a
stockholder vote or otherwise, affecting the voting rights of its Capital Stock (including, without limitation, through the conversion of one class of its Capital Stock into another class of its Capital Stock); or 

(vi) take any other action or actions, including any action that would be reasonably likely to be inconsistent with any
representation made in the Tax Materials, 

  
 7 

 
which in the aggregate (and taking into account any other transactions described in this subparagraph (c)) would be reasonably likely to have the effect of causing or permitting one or more
Persons (whether or not acting in concert) to acquire directly or indirectly, stock representing a Fifty-Percent or Greater Interest in Capital Southwest or CSWI or otherwise jeopardize qualification of the Contribution and Share Distribution for
Tax-Free Status, 
 unless prior to taking any such action (A) it shall provide the other Party with an Unqualified Tax Opinion in form and substance
satisfactory to the other Party in the other Party’s discretion, which discretion shall be exercised in good faith to preserve the Tax-Free Status (and in determining whether an opinion is satisfactory, the other Party may consider, among other
factors, the appropriateness of any underlying assumptions and management’s representations if used as a basis for the opinion), or (B) the other Party shall have waived in writing the requirement to obtain such Unqualified Tax Opinion.

 Section 3.03. Procedures Regarding Opinions. 

(a) If either Party (the “Acting Party”) notifies the other Party (the “Non-Acting Party”) that it desires to
take one of the actions described in clauses (i) through (vi) of Section 3.02(c) (a “Notified Action”), the parties shall cooperate and use commercially reasonable best efforts to attempt to obtain the Unqualified Tax
Opinion referred to in Section 3.02(c), unless the Non-Acting Party shall have waived in writing the requirement to obtain the Unqualified Tax Opinion. Each Party shall bear its own costs and expenses of obtaining the Unqualified Tax Opinion.

 Section 3.04. Liability for Tax-Related Losses. 

(a) Subject to Section 3.04(c), CSWI shall be responsible for, and shall indemnify and hold harmless Capital Southwest and its Affiliates
and each of their respective officers, directors and employees from and against, any Tax-Related Losses, without duplication, that are attributable to or result from any one or more of the following: (A) the acquisition (other than pursuant to
the Distribution Agreement or the Share Distribution) by any Person, other than Capital Southwest and its Affiliates, of all or a portion of CSWI’s stock and/or its or its Subsidiaries’ assets, (B) any negotiations, understandings,
agreements or arrangements by CSWI (other than as set forth in the Distribution Agreement) with respect to transactions or events (including, without limitation, stock issuances (pursuant to the exercise of stock options or otherwise), option
grants, capital contributions, or acquisitions, or a series of such transactions or events) that cause the Contribution and Share Distribution to be treated as part of a plan (or series of related transactions) pursuant to which one or more Persons
acquire directly or indirectly stock of CSWI representing a Fifty-Percent or Greater Interest therein, (C) any action or failure to act by CSWI after the Share Distribution (including any amendment to CSWI’s certificate of incorporation or
other organizational document, whether through a stockholder vote or otherwise) affecting the voting rights of CSWI stock (including through the conversion of one class of CSWI stock into another class of CSWI stock), (D) any breach by CSWI of
its covenants set forth in Section 3.02 (regardless of whether the act or failure to act giving rise to the breach is covered by a Ruling or Unqualified Tax Opinion), or (E) any breach by CSWI of its representations, warranties, or
covenants set forth in Section 3.01(a). 

  
 8 

 (b) Subject to Section 3.04(c), Capital Southwest shall be responsible for, and shall
indemnify and hold harmless CSWI and its Affiliates and each of their respective officers, directors and employees from and against any Tax-Related Losses, without duplication, that are attributable to, or result from any one or more of the
following: (A) the acquisition (other than pursuant to the Distribution Agreement, or the Share Distribution) by any Person, other than CSWI and its Affiliates, of all or a portion of Capital Southwest’s stock and/or its or its
Subsidiaries’ assets, (B) any negotiations, understandings, agreements or arrangements by Capital Southwest (other than as set forth in the Distribution Agreement) with respect to transactions or events (including, without limitation,
stock issuances (pursuant to the exercise of stock options or otherwise), option grants, capital contributions, or acquisitions, or a series of such transactions or events) that cause the Contribution and Share Distribution to be treated as part of
a plan (or series of related transactions) pursuant to which one or more Persons acquire directly or indirectly stock of Capital Southwest representing a Fifty-Percent or Greater Interest therein, (C) any action or failure to act by Capital
Southwest after the Share Distribution (including any amendment to Capital Southwest’s certificate of incorporation (or other organizational document), whether through a stockholder vote or otherwise) affecting the voting rights of Capital
Southwest stock (including through the conversion of one class of Capital Southwest stock into another class of Capital Southwest stock), (D) any breach by Capital Southwest of its covenants set forth in Section 3.02 (regardless of whether
such act or failure to act is covered by a Ruling or Unqualified Tax Opinion), or (E) any breach by Capital Southwest of its representations, warranties, or covenants set forth in Section 3.01(b). 

(c) Notwithstanding Sections 3.04(a) and (b), to the extent that any Tax-Related Loss of a Party can be attributed to an action or actions
taken by each Party, individually, or to actions taken by both Parties (whether or not such actions are the same), responsibility for such Tax-Related Loss shall be shared equally by Capital Southwest and CSWI. 

(d) A Party shall pay to the other Party the amount of any Tax-Related Losses for which the first Party is responsible under this
Section 3.04: (A) in the case of Tax-Related Losses described in clause (i) of the definition of Tax-Related Losses no later than three (3) business days prior to the date Capital Southwest files, or causes to be filed, the
applicable amended Tax Return for the year of the Contribution and Share Distribution (the “Filing Date”), and (B) in the case of Tax-Related Losses described in clause (ii) of the definition of Tax-Related Losses, no later than
five (5) days after the date the Other Party pays such Tax-Related Losses. 
 ARTICLE IV 

MISCELLANEOUS 

Section 4.01. Effective Date. This Agreement is effective upon the occurrence of the Share Distribution; provided, however, that
the representations, warranties, and covenants set forth in Section 3.01 shall be effective as of the date of this Agreement. 

  
 9 

 Section 4.02. Complete Agreement. This Agreement constitutes the entire agreement of
the parties concerning the subject matter hereof. Any other agreements (including tax sharing agreements), whether or not written, in respect of any Tax between or among Capital Southwest and CSWI or any of CSWI’s Subsidiaries shall be
terminated and have no further effect as of the Distribution Date. This Agreement may not be amended except by an agreement in writing signed by the parties hereto. 

Section 4.03. Notices. All notices, requests, demands, waivers and other communications required or permitted to be given under
this Agreement must be in writing and will be deemed to have been duly given (i) when delivered by hand, (ii) three (3) Business Days after it is mailed, certified or registered mail, return receipt requested, with postage prepaid,
(iii) on the same Business Day when sent by facsimile or electronic mail (return receipt requested) if the transmission is completed before 5:00 p.m. recipient’s time, or one (1) Business Day after the facsimile or email is sent, if
the transmission is completed on or after 5:00 p.m. recipient’s time or (iv) one (1) Business Day after it is sent by Express Mail, Federal Express or other courier service, as follows (or at such other address for a party as shall be
specified in a notice given in accordance with this Section 4.03): 
  

			
	If to CSWI:		CSW Industrials, Inc.
			5400 Lyndon B. Johnson Freeway
			Suite 1300
			Dallas, TX 75240
			Attn.: Chief Executive Officer
		
	If to Capital Southwest:		Capital Southwest Corporation
			5400 Lyndon B. Johnson Freeway
			Suite 1300
			Dallas, TX 75240
			Attn.: Chief Executive Officer

 Section 4.04. Governing Law; Jurisdiction; Waiver of Jury Trial. 

(a) Governing Law; Jurisdiction. This Agreement (and all claims, controversies or causes of action, whether in contract, tort or
otherwise, that may be based upon, arise out of or relate to this Agreement or the negotiation, execution, termination, performance or nonperformance of this Agreement (including any claim, controversy or cause of action based upon, arising out of
or relating to any representation or warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement)) shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware,
without regard to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. Each of the parties
hereto irrevocably agrees that all proceedings arising out of or relating to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and
obligations arising hereunder brought by the other party hereto or its successors or assigns shall be brought, heard and determined exclusively in any federal or state court sitting in Delaware. Consistent

  
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with the preceding sentence, each of the parties hereto hereby (a) submits to the exclusive jurisdiction of any federal or state court sitting in Delaware for the purpose of any proceeding
arising out of or relating to this Agreement or the rights and obligations arising hereunder brought by any party hereto and (b) irrevocably waives, and agrees not to assert by way of motion, defense, counterclaim, or otherwise, in any such
proceeding, any claim that it or its property is not subject personally to the jurisdiction of the above-named courts, that the proceeding is brought in an inconvenient forum, that the venue of the proceeding is improper, or that this Agreement, the
Share Distribution or any of the other transactions contemplated by this Agreement may not be enforced in or by any of the above-named courts. Each party agrees that service of process upon such party in any such action or proceeding shall be
effective if notice is given in accordance with Section 4.03. 
 (b) Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY
WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY
THIS AGREEMENT. EACH OF THE PARTIES HERETO HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE
THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
Section 4.04(b). 
 Section 4.05. Successors and Assigns. A party’s rights and obligations under this Agreement may
not be assigned without the prior written consent of the other party. All of the provisions of this Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns. If any party to this
Agreement forms or acquires one or more Subsidiaries, such party will cause any such Subsidiary to be bound by the terms of this Agreement, and this Agreement shall apply to any such Subsidiary in the same manner and to the same extent as the
current party. 
 Section 4.06. Intended Third Party Beneficiaries. This Agreement is solely for the benefit of the parties to
this Agreement and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, claim of action or other right in excess of those existing without this Agreement. 

Section 4.07. Legal Enforceability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction
shall, as to that jurisdiction, be ineffective to the extent of the prohibition or unenforceability without invalidating the remaining provisions. Any prohibition or unenforceability of any provision of this Agreement in any jurisdiction shall not
invalidate or render unenforceable the provision in any other jurisdiction. 

  
 11 

 Section 4.08. Expenses. Unless otherwise expressly provided in this Agreement, each
party shall bear any and all expenses that arise from its respective obligations under this Agreement. 
 Section 4.09.
Counterparts. This Agreement may be executed and delivered (including by facsimile transmission) in counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original, but
all of which taken together shall constitute one and the same agreement. 
 Section 4.10. Change in Law. If, after the date this
Agreement is executed, as a result of an amendment to the Code, the promulgation of proposed, temporary or final regulations, the issuance of a ruling by a Taxing Authority, the decision of any court, or a change in any applicable state or local
law, Capital Southwest believes that it is necessary or helpful to amend the provisions of this Agreement in order to preserve the rights and benefits contemplated herein, each of the parties hereto agrees to negotiate in good faith all such
amendments and modifications as shall be necessary or appropriate in order to preserve as nearly as possible for the parties hereto the rights and benefits contemplated herein. 

Section 4.11. Protective Section 336(e) Election. Pursuant to Treasury Regulation sections 1.336-2(h)(2) and 1.336-2(j),
Capital Southwest and CSWI agree that Capital Southwest shall make a protective election under Section 336(e) of the Code and the Treasury Regulations issued thereunder for CSWI and each CSWI Subsidiary for whom such an election may be made
with respect to the Share Distribution (the “Protective Section 336(e) Election”). It is intended that the Protective Section 336(e) Election will have no effect unless the Share Distribution is a “qualified stock
disposition,” as defined in Treasury Regulations section 1.336-1(b)(6), either because (a) the Share Distribution is a transaction described in Treasury Regulations section 1.336-1(b)(5)(i)(B) or (b) Treasury Regulation section
1.336-1(b)(5)(ii) applies to the Share Distribution. 
 [Remainder of page intentionally left blank; signature page to follow] 

  
 12 

 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first
written above. 
  

			
	CAPITAL SOUTHWEST CORPORATION
		
	By:		  

	Name:
	Title:
	
	CSW INDUSTRIALS, INC.
		
	By:		  

	Name:
	Title:

  
 13

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