<SEC-DOCUMENT>0001140361-18-043794.txt : 20181127
<SEC-HEADER>0001140361-18-043794.hdr.sgml : 20181127
<ACCEPTANCE-DATETIME>20181127164531
ACCESSION NUMBER:		0001140361-18-043794
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20181127
DATE AS OF CHANGE:		20181127
GROUP MEMBERS:		AAGES (AY HOLDINGS) B.V.
GROUP MEMBERS:		ALGONQUIN (AY HOLDCO) B.V.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Atlantica Yield plc
		CENTRAL INDEX KEY:			0001601072
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-88595
		FILM NUMBER:		181203466

	BUSINESS ADDRESS:	
		STREET 1:		GREAT WEST HOUSE, GW1, 17TH FLOOR
		STREET 2:		GREAT WEST ROAD
		CITY:			BRENTFORD
		STATE:			X0
		ZIP:			TW8 9DF
		BUSINESS PHONE:		44 20 7098 4384

	MAIL ADDRESS:	
		STREET 1:		GREAT WEST HOUSE, GW1, 17TH FLOOR
		STREET 2:		GREAT WEST ROAD
		CITY:			BRENTFORD
		STATE:			X0
		ZIP:			TW8 9DF

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Abengoa Yield plc
		DATE OF NAME CHANGE:	20140326

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Abengoa Yield Ltd
		DATE OF NAME CHANGE:	20140226

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALGONQUIN POWER & UTILITIES CORP.
		CENTRAL INDEX KEY:			0001174169
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		354 DAVIS ROAD
		CITY:			OAKVILLE
		STATE:			A6
		ZIP:			L6J2X1
		BUSINESS PHONE:		0000000000

	MAIL ADDRESS:	
		STREET 1:		354 DAVIS ROAD
		CITY:			OAKVILLE
		STATE:			A6
		ZIP:			L6J2X1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALGONQUIN POWER INCOME FUND
		DATE OF NAME CHANGE:	20020523
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>formsc13da.htm
<DESCRIPTION>SC 13D/A
<TEXT>
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      <div style="text-align: center; margin-left: 4.55pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">UNITED STATES</div>
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      <div style="text-align: center; margin-right: 0.1pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
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      <div style="text-align: center; margin-right: 123.85pt; margin-left: 128.15pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">WASHINGTON, D.C. 20549</font></div>
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      <div style="text-align: center; margin-right: 0.1pt; font-size: 18pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">SCHEDULE 13D/A</font></div>
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      <div><br>
      </div>
      <div style="text-align: center; margin-right: 0.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Under the Securities Exchange Act of 1934</font></div>
      <div style="text-align: center; margin-right: 0.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
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            <div style="text-align: center;"><br>
            </div>
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            <div style="text-align: center;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Atlantica Yield plc</font></div>
          </td>
          <td style="width: 30%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#160;(Name of Issuer)</font></div>
          </td>
        </tr>

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      <div><br>
      </div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zd4ad10d57eeb4916adfac26f58ad43a6">

        <tr>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Ordinary Shares, nominal value $0.10 per share</font></div>
          </td>
        </tr>
        <tr>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Title of Class of Securities)</font></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" colspan="3" style="vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 38%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">G0751N103</font></div>
          </td>
          <td style="width: 37%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(CUSIP Number)</font></div>
          </td>
        </tr>

    </table>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Chauncey M. Lane</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Husch Blackwell LLP</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2001 Ross Avenue</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Suite 2000</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Dallas, Texas 75201</font></div>
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            <div style="text-align: center;"><br>
            </div>
          </td>
          <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(214) 999-6129</font></div>
          </td>
          <td style="width: 20%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications)</font></div>
          </td>
        </tr>

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          <td style="width: 33%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">November 27, 2018</font></div>
          </td>
          <td style="width: 33%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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        <tr>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Date of Event Which Requires Filing of This Statement)</font></div>
          </td>
        </tr>

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      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">If the filing </font>person has previously filed a statement on Schedule 13G to report the
          acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. &#9744;</font></div>
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                <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">*</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any
                      subsequent amendment containing information which would alter disclosures provided in a prior cover page</font></div>
                </td>
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      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The information required on this cover page shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
          (the &#8220;Act&#8221;), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</font></div>
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              <div style="font-size: 18pt; font-weight: bold; text-align: center;">1</div>
            </td>
            <td colspan="3" style="border-top: #000000 1pt solid; vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">NAMES OF REPORTING PERSONS:</div>
            </td>
            <td style="border-top: #000000 1pt solid; vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-top: #000000 1pt solid; border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
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          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%; text-align: left;">
              <div>
                <div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt;">Algonquin Power &amp; Utilities Corp.</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="height: 13px;">
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">2</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: right; font-size: 10pt;">(a)</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%; font-size: 10pt;">&#9745;</td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">&#160;</td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: right; font-size: 10pt;">(b)</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left; font-size: 10pt;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">3</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%; background-color: #bfbfbf;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SEC USE ONLY</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%; background-color: #bfbfbf;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%; background-color: #bfbfbf;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="background-color: #bfbfbf;">
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="background-color: #bfbfbf;">
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">4</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left;"><font style="font-size: 10pt;">SOURCE OF FUNDS:</font><br>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">BK WC</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">5</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E):</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left; font-size: 10pt;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">&#160;</td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">6</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">CITIZENSHIP OR PLACE OF ORGANIZATION:</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">Canada</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" rowspan="12" style="vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: bold; border-left: #000000 1pt solid; width: 12.71%;">
              <div style="text-align: center; font-size: 10pt;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">7</div>
            </td>
            <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SOLE VOTING POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left;">&#160;<font lang="EN-GB" style="font-size: 10.5pt; font-family: &quot;Times New Roman&quot;;">0</font></div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">8</div>
            </td>
            <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SHARED VOTING POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41,557,663</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">9</div>
            </td>
            <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SOLE DISPOSITIVE POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">0</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">10</div>
            </td>
            <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SHARED DISPOSITIVE POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41,557,663</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">11</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41,557,663</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">12</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left;"><font style="font-size: 10pt;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:</font><br>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left; font-size: 10pt;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">&#160;</td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">13</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">
                <div style="background-color: rgb(255, 255, 255);">
                  <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41.47%</div>
                </div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">14</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left;"><font style="font-size: 10pt;">TYPE OF REPORTING PERSON:</font><br>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">CO, HC</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>

      </table>
      <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;">

          <tr>
            <td rowspan="3" style="border-top: #000000 1pt solid; vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">1</div>
            </td>
            <td colspan="3" style="border-top: #000000 1pt solid; vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">NAMES OF REPORTING PERSONS:</div>
            </td>
            <td style="border-top: #000000 1pt solid; vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-top: #000000 1pt solid; border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%; text-align: left;">
              <div>
                <div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt;">
                  <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">Algonquin (AY Holdco) B.V.</div>
                </div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="height: 13px;">
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">2</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: right; font-size: 10pt;">(a)</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%; font-size: 10pt;">&#9745;</td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">&#160;</td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: right; font-size: 10pt;">(b)</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left; font-size: 10pt;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">3</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%; background-color: #bfbfbf;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SEC USE ONLY</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%; background-color: #bfbfbf;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%; background-color: #bfbfbf;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="background-color: #bfbfbf;">
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="background-color: #bfbfbf;">
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">4</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left;"><font style="font-size: 10pt;">SOURCE OF FUNDS:</font><br>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">AF</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">5</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E):</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left; font-size: 10pt;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">&#160;</td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">6</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">CITIZENSHIP OR PLACE OF ORGANIZATION:</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">Netherlands</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" rowspan="12" style="vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: bold; border-left: #000000 1pt solid; width: 12.71%;">
              <div style="text-align: center; font-size: 10pt;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">7</div>
            </td>
            <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SOLE VOTING POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left;">&#160;<font lang="EN-GB" style="font-size: 10.5pt; font-family: &quot;Times New Roman&quot;;">0</font></div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">8</div>
            </td>
            <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SHARED VOTING POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41,557,663</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">9</div>
            </td>
            <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SOLE DISPOSITIVE POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left;">&#160;
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">0</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">10</div>
            </td>
            <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">SHARED DISPOSITIVE POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41,557,663</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">11</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41,557,663</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">12</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left;"><font style="font-size: 10pt;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:</font><br>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left; font-size: 10pt;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">&#160;</td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">13</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left; font-size: 10pt;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">
                <div style="background-color: rgb(255, 255, 255);">
                  <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41.47%</div>
                </div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">14</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
              <div style="font-weight: bold; text-align: left;"><font style="font-size: 10pt;">TYPE OF REPORTING PERSON:</font><br>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">CO, HC</div>
              </div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>

      </table>
      <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;">

        <tr>
          <td rowspan="3" style="border-top: #000000 1pt solid; vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">1</div>
          </td>
          <td colspan="3" style="border-top: #000000 1pt solid; vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">NAMES OF REPORTING PERSONS:</div>
          </td>
          <td style="border-top: #000000 1pt solid; vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-top: #000000 1pt solid; border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%; text-align: left;">
            <div>
              <div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt;">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">
                  <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">AAGES (AY Holdings) B.V.</div>
                </div>
              </div>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr style="height: 13px;">
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">2</div>
          </td>
          <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: right; font-size: 10pt;">(a)</div>
          </td>
          <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%; font-size: 10pt;">&#9745;</td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">&#160;</td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: right; font-size: 10pt;">(b)</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: middle; padding-right: 2px; width: 5.01%;">
            <div style="text-align: left; font-size: 10pt;">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">3</div>
          </td>
          <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%; background-color: #bfbfbf;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">SEC USE ONLY</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%; background-color: #bfbfbf;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%; background-color: #bfbfbf;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr style="background-color: #bfbfbf;">
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr style="background-color: #bfbfbf;">
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">4</div>
          </td>
          <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="font-weight: bold; text-align: left;"><font style="font-size: 10pt;">SOURCE OF FUNDS:</font><br>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
            <div style="text-align: left;">
              <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">AF</div>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">5</div>
          </td>
          <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E):</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: middle; padding-right: 2px; width: 5.01%;">
            <div style="text-align: left; font-size: 10pt;">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">&#160;</td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">6</div>
          </td>
          <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">CITIZENSHIP OR PLACE OF ORGANIZATION:</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
            <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">Netherlands</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="12" style="vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: bold; border-left: #000000 1pt solid; width: 12.71%;">
            <div style="text-align: center; font-size: 10pt;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
          </td>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">7</div>
          </td>
          <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">SOLE VOTING POWER</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
            <div style="text-align: left;">&#160;<font lang="EN-GB" style="font-size: 10.5pt; font-family: &quot;Times New Roman&quot;;">0</font></div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">8</div>
          </td>
          <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">SHARED VOTING POWER</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
            <div style="text-align: left;">
              <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41,557,663</div>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">9</div>
          </td>
          <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">SOLE DISPOSITIVE POWER</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
            <div style="text-align: left;">
              <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">0</div>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">10</div>
          </td>
          <td style="vertical-align: middle; border-left: #000000 1pt solid; width: 76.38%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">SHARED DISPOSITIVE POWER</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
            <div style="text-align: left;">
              <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41,557,663</div>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">11</div>
          </td>
          <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
            <div style="text-align: left;">
              <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41,557,663</div>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">12</div>
          </td>
          <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="font-weight: bold; text-align: left;"><font style="font-size: 10pt;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:</font><br>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: middle; padding-right: 2px; width: 5.01%;">
            <div style="text-align: left; font-size: 10pt;">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 86.4%;">&#160;</td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">13</div>
          </td>
          <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="font-weight: bold; text-align: left; font-size: 10pt;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):</div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
            <div style="text-align: left;">
              <div style="background-color: rgb(255, 255, 255);">
                <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">41.47%</div>
              </div>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="vertical-align: middle; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 6.36%;">
            <div style="font-size: 18pt; font-weight: bold; text-align: center;">14</div>
          </td>
          <td colspan="3" style="vertical-align: middle; border-left: #000000 1pt solid; width: 86.4%;">
            <div style="font-weight: bold; text-align: left;"><font style="font-size: 10pt;">TYPE OF REPORTING PERSON:</font><br>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
            <div style="text-align: left;">
              <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">CO<br>
              </div>
            </div>
          </td>
          <td style="vertical-align: middle; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-bottom: #000000 1pt solid; width: 2.59%;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="border-right: #000000 1pt solid; vertical-align: top; border-bottom: #000000 1pt solid; width: 5.01%;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>Item 1. Security and Issuer</u></font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This Amendment No. 3 to Schedule 13D filed on March 9, 2018, as amended by Amendment No. 1 filed on April 27, 2018, as amended by
        Amendment No. 2 filed on November 21, 2018, is being filed with the Securities and Exchange Commission on behalf of Algonquin Power &amp; Utilities Corp. (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Algonquin</u></font>&#8221;),
        Algonquin (AY Holdco) B.V. (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>AY Holdco</u></font>&#8221;), and AAGES (AY Holdings) B.V., (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>AY Holdings</u></font>&#8221;)
        (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Reporting Persons</u></font>&#8221;), regarding the close on the purchase of the remaining 16.47% aggregate equity interest in the Issuer held by <font style="font-size: 10pt; font-family: 'Times New Roman';">ACIL Luxco 1, S.A., a </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">soci&#233;t&#233; anonyme</font><font style="font-size: 10pt; font-family: 'Times New
          Roman';"> incorporated under the laws of Luxembourg (&#8220;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>ACIL Luxco 1</u></font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8221;)</font> (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Additional Shares</u></font>&#8221;) pursuant to the Amended and Restated Option Agreement dated November 19, 2018, between Algonquin, ACIL Luxco 1, and <font style="font-size: 10pt;
          font-family: 'Times New Roman';">Abengoa, S.A. (&#8220;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Abengoa</u></font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8221;</font>) (the &#8220;<font style="font-size:
          10pt; font-family: 'Times New Roman';"><u>Amended and Restated Option Agreement</u></font>&#8221;).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">As of November 27, 2018, the Reporting Persons owned an aggregate of 41,557,663 ordinary shares of the Issuer, representing
        approximately 41.47% of the issued and outstanding ordinary shares of the Issuer (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Ordinary Shares</u></font>&#8221;).</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Item 3.&#160; Source and Amount of Funds and other Considerations</u></font></font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Item 3 is hereby amended and restated with the following:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In addition to cash on hand, Algonquin used funds from a term credit facility pursuant to a Credit Agreement dated as of November 19,
        2012, as amended by a First Amending Agreement dated as of November 19, 2013, a Second Amending Agreement dated as of February 26, 2016, a Third Amending Agreement dated as of September 20, 2017 and a Fourth Amending Agreement dated as of November
        20, 2018, to fund the purchase of the Additional Shares under the Amended and Restated Option Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Item 4.&#160; Purpose of Transaction</u></font></font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Item 4 is hereby amended and restated with the following:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Reporting Persons purchased 25,054,315 of the Ordinary Shares for investment purposes <font style="font-size: 10pt; font-family:
          'Times New Roman';">pursuant to a sale and purchase agreement dated November 1, 2017 (the &#8220;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Share Purchase Agreement</u></font><font style="font-size: 10pt; font-family:
          'Times New Roman';">&#8221;), as amended pursuant to Deed of Amendment No. 1, dated January 31, 2018, Deed of Amendment No. 2, dated February 15, 2018, and Deed of Amendment No. 3, dated February 27, 2018, between ACIL Luxco 1, Algonquin, and Abengoa,
          as guarantor of ACIL Luxco 1.&#160; Pursuant to a sale and purchase agreement dated March 8, 2018 (the &#8220;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>On-Sale SPA</u></font><font style="font-size: 10pt; font-family: 'Times
          New Roman';">&#8221;), between Algonquin and AY Holdings, Algonquin transferred the Ordinary Shares it acquired under the Share Purchase Agreement to AY Holdings, which then held shares</font> representing a 25% aggregate equity interest in the Issuer.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On November 1, 2017, Algonquin and Abengoa also entered into an option and right of first refusal agreement with respect to the
        Additional Shares (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Option Agreement</u></font>&#8221;)<font style="font-size: 10pt; font-family: 'Times New Roman';">.&#160; Under the Option Agreement, Algonquin (directly or through an
          assignee) was granted the right to acquire the Additional Shares. On April 16, 2018, Algonquin and Abengoa entered into a Binding Term Sheet (&#8220;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Term Sheet</u></font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8221;) to amend the Option Agreement.&#160; Following the signing of the Term Sheet, Algonquin notified Abengoa of its election to exercise its option to acquire the Additional Shares.&#160; On November
          19, 2018, Algonquin, Abengoa, and ACIL Luxco 1 entered into the Amended and Restated Option Agreement, further amending the terms and conditions of the Option Agreement, pursuant to which Algonquin closed on the purchase of the Additional Shares.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Prior to closing of the purchase of the Additional Shares (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Closing</u></font>&#8221;),











        Algonquin and AY Holdco entered into a sale and purchase agreement dated November 26, 2018 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Second On-Sale SPA</u></font>&#8221;), pursuant to which Algonquin agreed to transfer the
        Additional Shares to be acquired under the Amended and Restated Option Agreement to AY Holdco.&#160; Further, AY Holdco and AY Holdings entered into a sale and purchase agreement dated November 26, 2018 (the &#8220;<font style="font-size: 10pt; font-family:
          'Times New Roman';"><u>Third On-Sale SPA</u></font>&#8221;), pursuant to which AY Holdco agreed to transfer the Additional Shares to be acquired under the Second On-Sale SPA to AY Holdings.&#160; Upon closing of the transactions described in the Amended and
        Restated Option Agreement, the Second On-Sale SPA and Third On-Sale SPA, the Reporting Persons held 41,557,663 Ordinary Shares, representing a 41.47% aggregate equity interest in the Issuer.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">After the Closing, AAGES BV (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>AAGES</u></font>&#8221;), an entity owned 50%
        by AY Holdco and 50% by an affiliate of Abengoa, anticipates entering into a margin loan agreement (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Margin Loan Agreement</u></font>&#8221;) with three (3) different lenders
        (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Margin Lenders</u></font>&#8221;) pursuant to which AAGES will secure a non-recourse margin loan in the aggregate amount of Three Hundred Five Million Dollars
        ($305,000,000) (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Margin Loan</u></font>&#8221;) for a transaction unrelated to the purchase of the Additional Shares.&#160; Further, AY Holdings anticipates entering into pledge and
        security agreements with the Margin Lenders (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Pledge Agreements</u></font>&#8221;) pursuant to which AY Holdings will pledge all of the Ordinary Shares held by it to the
        Margin Lenders as collateral for the Margin Loan.&#160; AY Holdings will receive, periodically, a pledge fee (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Pledge Fee</u></font>&#8221;) from AAGES as consideration for pledging such
        shares.<br>
      </font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors and subject to
        the obligations described herein, including, without limitation, the Issuer&#8217;s financial position and strategic direction, actions taken by the board, price levels of Ordinary Shares, other investment opportunities available to the Reporting
        Persons, concentration of positions in the portfolios managed by the Reporting Persons, market conditions and general economic and industry conditions, the Reporting Persons may take such actions with respect to their investments in the Issuer as
        they deem appropriate, including, without limitation, purchasing additional Ordinary Shares or other financial instruments related to the Issuer or selling some or all of their beneficial or economic holdings, engaging in hedging or similar
        transactions with respect to the securities relating to the Issuer and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Except as otherwise described in this Schedule 13D, none of the Reporting Persons nor, to the best knowledge of the Reporting Persons,
        any of the persons listed on Schedule A to this Schedule 13D, currently has any plans or proposals that would result in or relate to any of the transactions or changes listed in paragraphs (a) through (j) of Item 4 of Schedule 13D. However, as part
        of their ongoing evaluation of this investment and investment alternatives, the Reporting Persons may consider such matters and, subject to applicable law, may formulate a plan with respect to such matters, and, from time to time, may hold
        discussions with or make formal proposals to management or the board of directors of the Issuer, other shareholders of the Issuer or other third parties regarding such matters.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The disclosures in Item 6 are herein incorporated by reference.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Item 6.&#160; Contracts, Arrangements, Understandings or Relationships with
            Respect to Securities of the Issuer</u></font></font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Item 6 is hereby amended and restated with the following:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Option Agreement and Term Sheet</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;"> <br>
      </font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On November 1, 2017, ACIL Luxco 1, Algonquin, and Abengoa entered into the Option Agreement. Under the Option Agreement, Algonquin
        (directly or through an assignee) was granted the right to acquire the Additional Shares, subject to the condition that the option be exercised within 60 days after the date of the initial 25.0% transfer.&#160; On April 16, 2018, Algonquin and Abengoa
        entered into the Term Sheet to amend the Option Agreement, and following execution of the Term Sheet, Algonquin exercised the option to acquire the Additional Shares.&#160; Algonquin&#8217;s acquisition of the Additional Shares is subject to certain
        conditions.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Amended and Restated Option Agreement</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On November 19, 2018, ACIL Luxco 1, Algonquin, and Abengoa entered into the Amended and Restated Option Agreement further amending the
        Option Agreement.&#160; Under the Amended and Restated Option Agreement, Algonquin acquired the Additional Shares, subject to certain terms and conditions therein.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Second On-Sale SPA and Third On-Sale SPA</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Prior to the Closing, Algonquin and AY Holdco entered into the Second On-Sale SPA pursuant to which Algonquin transferred the Additional
        Shares it acquired under the Amended and Restated Option Agreement to AY Holdco.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Prior to the Closing, AY Holdco and AY Holdings entered into the Third On-Sale SPA pursuant to which AY Holdco transferred the
        Additional Shares it acquired under the Second On-Sale SPA to AY Holdings.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Margin Loan Agreement and Pledge and Security Agreements</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">After the Closing, AAGES and the Margin Lenders anticipate entering into the Margin Loan Agreement pursuant to which AAGES will secure
        the Margin Loan for a transaction unrelated to the purchase of the Additional Shares.&#160; After the Closing, AY Holdings and the Margin Lenders anticipate entering into the Pledge Agreements.&#160; Under the Pledge Agreements, AY Holdings will pledge all
        of the Ordinary Shares held by it to the Margin Lenders as collateral for the Margin Loan.&#160; AY Holdings will receive, periodically, the Pledge Fee from AAGES as consideration for pledging such shares.</font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
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    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Item 7. Materials to Be Filed as Exhibits</u></font></font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z2a614a3212924ee39d67d127ad00b2e0">

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          <td style="width: 12.37%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Exhibit No.</font></div>
            </div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 87%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Description</font></div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.37%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;"><a href="ex99_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman';">99.1</font></a></div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 87%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="background-color: #FFFFFF;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Sale and Purchase Agreement, dated November 26, 2018, between Algonquin Power &amp; Utilities Corp. and Algonquin (AY Holdco) B.V.</font></div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.37%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;"><a href="ex99_2.htm"><font style="font-size: 10pt; font-family: 'Times New Roman';">99.2</font></a></div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 87%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="background-color: #FFFFFF;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Sale and Purchase Agreement, dated November 26, 2018, between Algonquin (AY Holdco) B.V. and AAGES (AY Holdings) B.V.</font></div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.37%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;"><a href="ex99_3.htm"><font style="font-size: 10pt; font-family: 'Times New Roman';">99.3</font></a></div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 87%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="background-color: #FFFFFF;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Credit Agreement dated as of November 19, 2012 between The Bank of Nova Scotia and Algonquin Power &amp; Utilities Corp., as amended by a First
                  Amending Agreement dated as of November 19, 2013, a Second Amending Agreement dated as of February 26, 2016, a Third Amending Agreement dated as of September 20, 2017 and a Fourth Amending Agreement dated as of November 20, 2018.</font></div>
            </div>
          </td>
        </tr>

    </table>
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    <div style="background-color: #FFFFFF;">
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURES</font></div>
      <div><br>
      </div>
    </div>
    <div style="background-color: rgb(255, 255, 255);">
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth
          in this statement is true, complete and correct.</font></div>
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z140230b6f09e450491459c654a10b191">

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          <td colspan="1" style="vertical-align: top; width: 50%;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Dated: November 27, 2018</font></div>
          </td>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: left;">&#160;<br>
            </div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: top; width: 50%;" rowspan="1">&#160;</td>
          <td colspan="3" style="vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: top; width: 50%;" rowspan="1">&#160;</td>
          <td colspan="3" style="vertical-align: top;" rowspan="1">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By:</font></div>
          </td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: left; font-style: italic;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/</font> <font style="font-size: 10pt;">Ian
                  Robertson</font></font></div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 40%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name: Ian Robertson</font></td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top;"><br>
          </td>
          <td style="width: 40%; vertical-align: top;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:&#160;&#160; Chief Executive Officer</font></td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">
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            <div style="text-align: left; font-style: italic;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/</font> <font style="font-size: 10pt;">Chris




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          <td style="vertical-align: top; width: 1%;" rowspan="1">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">ALGONQUIN (AY HOLDCO) B.V.</font></div>
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          <td style="width: 9%; vertical-align: top;">&#160;</td>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
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                  Klein</font></font></div>
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              Klein</font></td>
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          <td style="width: 9%; vertical-align: top;">&#160;</td>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">AAGES (AY HOLDINGS) B.V.</font></div>
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          <td colspan="1" style="vertical-align: top; width: 50%;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">
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            <div style="text-align: left; font-style: italic;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/</font> <font style="font-size: 10pt;">Ryan
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br>
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          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); width: 40%;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name: </font>Ryan
              Robert Farquhar</font></td>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top; width: 1%;"><br>
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          <td style="vertical-align: top; width: 40%;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:&#160;&#160; Managing Director A</font></td>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By:</font></div>
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            <div style="text-align: left; font-style: italic;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/</font> <font style="font-size: 10pt;">Laurens




                  Klein</font></font></div>
          </td>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br>
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          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); width: 40%;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name: </font>Laurens










              Klein</font></td>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 9%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top; width: 1%;"><br>
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          <td style="vertical-align: top; width: 40%;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:&#160;&#160; Managing Director B</font></td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">AND</font></div>
      <div><br>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">ALGONQUIN (AY HOLDCO) B.V.</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
        </font></div>
      <div>
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      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">SALE AND PURCHASE AGREEMENT</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">ATLANTICA YIELD PLC</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
        </font></div>
      <div>
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          center;"></div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">CONTENTS</font></div>
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          <tr>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Clause</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Page</font></div>
            </td>
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              <div>&#160;</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 6%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">1.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Interpretation</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">2</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">2.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Sale and Purchase</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">4</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 4%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">3.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Consideration</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">4</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">4.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Completion</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">5</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 4%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">5.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Assignment of Certain Rights under ACIL Luxco Option</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">5</font></div>
            </td>
          </tr>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">6.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Termination</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">5</font></div>
            </td>
          </tr>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">7.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Miscellaneous</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">5</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">8.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Notices</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">9</font></div>
            </td>
          </tr>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">9.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Governing Law</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10</font></div>
            </td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10.</font></div>
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            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Dispute Resolution</font></div>
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            <td style="width: 6%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10</font></div>
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THIS AGREEMENT </font>is made on 26 November 2018</font></div>
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BETWEEN:</font></div>
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          <table cellspacing="0" cellpadding="0" id="zc5d4ee79904d428287cabac23685bfad" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(1)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin Power &amp; Utilities Corp., a company incorporated under the federal laws of Canada (corporation number 236237-6) and whose registered office is at 354 Davis
                      Road, Suite 100, Oakville, Ontario, Canada L6J 2X1 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Seller</font>&#8221;); and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zc3544bf4c69a4abcb39de66db36c9f83" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(2)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin (AY Holdco) B.V., a private company with limited liability (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">besloten
                        vennootschap met beperkte aansprakelijkheid</font>), having its seat (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">zetel</font>) in Amsterdam, its address at Strawinskylaan 3127, 8th floor, 1077
                      ZX Amsterdam and registered in the trade register under number 70715092 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Purchaser</font>&#8221;).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">RECITALS:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zfcb6cef619cc4d36998e0223eed53632" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(A)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to that certain Amended and Restated Option Agreement (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco Option</font>&#8221;)




                      dated 19 November 2018, between ACIL Luxco 1, S.A. as seller (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco</font>&#8221;), the Seller as purchaser, and Abengoa, S.A. as seller&#8217;s guarantor,
                      ACIL Luxco agreed to sell and transfer to the Seller all of the remaining shares of the Company held by ACIL Luxco (being 16,503,348 shares and representing approximately 16.47% of the issued share capital of the Company) (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Shares</font>&#8221;).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="ze6eda8d805334c0b864f3de351995f47" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(B)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Seller has agreed to sell the Shares to the Purchaser, conditional on ACIL Luxco Option Completion occurring.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THE PARTIES AGREE </font>as follows:</font></div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zde4f2c18f3244a2faf21cf1360e4b08b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">INTERPRETATION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z9471e6058336482fba6eb334df6eec79" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In this Agreement:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco</font>&#8221; has the meaning given to that
          term in Recital (A);</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco Option</font>&#8221; has the meaning given to
          that term in Recital (A);</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco Option Completion</font>&#8221; means
          &#8220;Completion&#8221; as defined in Schedule 6 to the ACIL Luxco Option;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco Option Base Consideration</font>&#8221; means
          USD 344,919,973.20;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Affiliate</font>&#8221; means, with respect to any
          Person, any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with that Person, with the term &#8220;control&#8221; (including, with correlative meaning, the terms &#8220;controlled
          by&#8221; and &#8220;under common control with&#8221;) meaning the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or partnership
          interests, by contract or otherwise;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Business Day</font>&#8221; means a day (other than a
          Saturday or Sunday) on which banks are open for general business in London;</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-2-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Company</font>&#8221; means Atlantica Yield plc, a
          company incorporated under the laws of England and Wales (registered number 08818211) and whose registered office is at Great West House (GW1), Great West Road, Brentford, Middlesex, Greater London, TW8 9DF, United Kingdom;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Completion</font>&#8221; means completion of the sale and
          purchase of the Shares in accordance with this Agreement;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Confidential Information</font>&#8221; has the meaning
          given to that term in Clause 7.2 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Confidentiality</font>);</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Consideration</font>&#8221; has the meaning given to that
          term in Clause 3 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Consideration</font>);</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Encumbrance</font>&#8221; means &#8220;Encumbrance&#8221; as defined
          in Schedule 6 to the ACIL Luxco Option;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Full Title Guarantee</font>&#8221; means &#8220;Full Title
          Guarantee&#8221; as defined in Schedule 6 to the ACIL Luxco Option;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Group</font>&#8221; has the meaning given to that term in
          Schedule 6 to the ACIL Luxco Option;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Issue Price</font>&#8221; has the meaning given to that
          term in Clause 3.1;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Party</font>&#8221; or &#8220;<font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Parties</font>&#8221; means the Seller and/or the Purchaser, as the context requires;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Person</font>&#8221; means any individual, corporation,
          partnership, joint venture, association, joint stock company, trust, limited liability company, organization, entity, unincorporated organization, or governmental authority; and</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Shares</font>&#8221; has the meaning given to that term
          in Recital (A).</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z9611264753cc45baa7715a970ddb9c0a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In this Agreement, except where the context otherwise requires:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z0bcb4098bc4c469f84c7389d507dde5d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a reference to an enactment, EU instrument or statutory provision shall include a reference to any subordinate legislation made under the relevant enactment, EU
                      instrument or statutory provision and is a reference to that enactment, EU instrument, statutory provision or subordinate legislation as from time to time amended or modified and to any enactment, EU instrument, statutory provision or
                      subordinate legislation that from time to time (with or without modifications) re-enacts, replaces, consolidates, incorporates or reproduces it;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zc6934c9a500f43888afb3dee9676bcb3" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">words in the singular shall include the plural and vice versa;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z1ad0f1b3d6724ab08938ba45b12746f5" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">references to one gender include other genders;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="ze5004822ba5c444db582a63ff46867df" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a reference to a person shall include a reference to a firm, a body corporate, an unincorporated association, a partnership or to an individual&#8217;s executors or
                      administrators;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2eb3c037096b44c486e6380785202658" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.5</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a reference to a Clause shall be a reference to a Clause of this Agreement, unless otherwise specified;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-3-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z0dadefb3c7f444f791fc8cde6ebbf425" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.6</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">if a period of time is specified as from a given day, or from the day of an act or event, it shall be calculated exclusive of that day;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z98e8410b9fe3483dbd000df7bca25aac" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.7</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">references to any English legal term for any action, remedy, method of judicial proceeding, legal document, legal status, court, official or any legal concept or thing
                      shall in respect of any jurisdiction other than England be deemed to include what most nearly approximates the English legal term in that jurisdiction and references to any English statute or enactment shall be deemed to include any
                      equivalent or analogous laws or rules in any other jurisdiction;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z046255ddae694385bfbe35c6b8245124" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.8</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">references to writing shall include any modes of reproducing words in any legible form and shall include email except where expressly stated otherwise;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z34c0662e551445f78b7648e59667d917" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.9</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a reference to &#8220;includes&#8221; or &#8220;including&#8221; shall mean &#8220;includes without limitation&#8221; or &#8220;including without limitation&#8221;;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z9c205eb00e5f4e7189481d0a896eb611" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.10</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the headings in this Agreement are for convenience only and shall not affect its interpretation; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zc53a076bde5949169abd142a92336e88" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.11</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">references to this Agreement include this Agreement as amended or supplemented in accordance with its terms.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2cb85c89fc65418cbc56974d43d0f10c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SALE AND PURCHASE</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z5dc7b4ba45d947d8836deff7ffc948de" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Conditional on ACIL Luxco Option Completion occurring, the Seller shall sell and the Purchaser shall purchase the Shares.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z22e3c290bdfb4cbcbd32ac4ddc4e2ca8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">CONSIDERATION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zd51dc6ff20024a278468fc76ff65bc62" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The consideration for the Seller&#8217;s sale of the Shares to Purchaser shall be one (1) ordinary share in Purchaser, to be issued at USD $1 par value (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Issue Price</font>&#8221;), with&#160; an amount equal to the ACIL Luxco Option Base Consideration <font style="font-size: 10pt; font-family: 'Times New Roman';
                        font-style: italic;">less</font> the Issue Price credited toward the ordinary share premium in Purchaser (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Consideration</font>&#8221;).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zb168f465d7634b7ca2881142c8d4ae2b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Consideration is intended to be fair market value for the Shares, and the determination&#160; has been made using valuation principles applied consistently and in good
                      faith.&#160; If, however, (a) any governmental or regulatory authority of competent authority (i) alleges that such determination of the fair market value does not represent the fair market value of the Shares as of Completion, (ii)
                      proposes to make an assessment of tax on the basis that any gift, benefit or advantage is or has been conferred on any person by reason of such determination of the fair market value , or (iii) takes any other steps or makes any other
                      rulings of general application or specific to one of the parties which may be prejudicial to any of the parties or (b) if the parties determine, acting in good faith, within thirty (30) days&#160; of the date hereof, that there has been a
                      material miscalculation in their original determination of such determination of the fair market value, then in such event, the parties may, after consultation with such governmental or regulatory authority or by themselves, acting in
                      good faith, agree to adjust such determination of the fair market value to such other amount as may be determined by the parties acting in good faith so that such determination of the fair market value shall represent fair market
                      value.&#160;&#160; To the extent permissible, such adjustment shall have been deemed to have been made as of the Completion; otherwise any such adjustments shall be made in the then-current fiscal period.&#160; To the extent any adjustment is made
                      to the determination of such fair market value as at the Completion, the &#8220;Share Premium&#8221; attributable to ordinary shares in the Purchaser&#160; shall also be adjusted accordingly, and the &#8220;Share Premium&#8221; of the ordinary shares of the
                      Purchaser&#160; issued to the Seller shall also be adjusted accordingly.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-4-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z1226e4a1d2d44dfc8b1444e9333b4f7c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">COMPLETION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="ze1d9ac900f954e50b5f450a5d472338f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Completion shall take place immediately following ACIL Luxco Option Completion.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2977e1d06ed946728eadf39ff1d7ec06" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">At Completion the Seller shall direct ACIL Luxco to transfer the Shares to the Purchaser by way of crediting the Shares through the facilities and in accordance with the
                      procedures of Depository Trust Company to an account or accounts designated by the Purchaser.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z70942d737bdc4dd68d062da9b4c0af59" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">At Completion or such later time as the Seller may agree, the Purchaser shall pay or deliver the Consideration to the Seller or as the Seller directs in writing.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zcf5b8a008c6343878bf82fb4af2ada5e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ASSIGNMENT OF CERTAIN RIGHTS UNDER ACIL LUXCO OPTION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z45c75cf376214a5bbe8a614133ff499b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Seller hereby assigns to the Purchaser all rights (but not, for the avoidance of doubt, its obligations), other than the right to acquire the Shares from ACIL Luxco,
                      of the Seller under the ACIL Luxco Option as permitted by Clause 13.8 and 13.9 of the ACIL Luxco Option, and the Seller agrees to notify ACIL Luxco of such assignment.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zd222bef1d8f44895b141c2456971947c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">TERMINATION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z921e3176e70246529224297cad2da5f4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The termination of this Agreement shall not affect:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z0fb87227a91f49bf8dd5151b2cc03501" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.1.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any rights or obligations which have accrued or become due prior to the date of termination; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8513a918d0604332b57d3b2b8d84bf04" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.1.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the continued existence and validity of the rights and obligations of the Parties under any provision which is expressly or by implication intended to continue in force
                      after termination (together with those Clauses necessary for their interpretation) including this Clause and Clauses 8 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Notices</font>), 9 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Governing Law</font>) and 10 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Dispute Resolution</font>).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z21c78f27c9374e0e9393d8f87dc1235a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">MISCELLANEOUS</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Announcements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z5b0c0d79397541cb8d7832b8ea92cf77" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the remaining provisions of this Clause 7.1, no Party shall release any announcement or despatch any announcement or circular relating to this Agreement or the
                      transactions contemplated hereby, unless the other Party has been given a reasonable opportunity to comment on the content to be included in such announcement or circular. Nothing in this Clause 7.1 shall prohibit any Party from
                      making any announcement or despatching any circular as required by law or regulation or any regulatory body or the rules of any stock exchange.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-5-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Confidentiality</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zb91af9700241407ba8299458488d919b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party undertakes to the other that, subject to Clause 7.3, unless the prior written consent of the other Party shall first have been obtained it shall, and shall
                      procure that its officers, employees, advisers and agents shall keep confidential and shall not by failure to exercise due care or otherwise by any act or omission disclose to any person whatever, or use or exploit commercially for
                      its or their own purposes, any of the confidential information of the other Party. For the purposes of this Clause 7.2, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Confidential Information</font>&#8221;
                      is the contents of this Agreement, the ACIL Luxco Option and any other agreement or arrangement contemplated by this Agreement and:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z170475b2b7844dffbee02ec6c8775b21" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.2.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">information of whatever nature concerning the business, finances, assets, liabilities, dealings, transactions, know-how, customers, suppliers, processes or affairs of the
                      other Party, or any of its group undertakings from time to time; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z526d958ba06048a3ac73927f1c056a82" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.2.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any information which is expressly indicated to be confidential in relation to the Party disclosing it (or in relation to any of its group undertakings from time to
                      time),</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">which any party may from time to time receive or obtain (verbally or in writing or in disk or electronic form) from any other Party as
          a result of negotiating, entering into, or performing its obligations pursuant to this Agreement and provided that such information concerning the Group in relation to the period before Completion shall not be Confidential Information of the
          Seller following Completion and such information concerning the Group in relation to the period after Completion shall be Confidential Information of the Purchaser.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z7760db1d741347328aec114ccbd7208c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The consent referred to in Clause 7.2 shall not be required for disclosure by a Party of any Confidential Information:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zf0ab6d8334e6491ea82637fb7b93418a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to its officers, employees, advisers and agents, in each case, as may be contemplated by this Agreement or, to the extent required to enable such Party to carry out its
                      obligations under this Agreement and who shall in each case be made aware by such Party of its obligations under this Clause and shall be required by such Party to observe the same restrictions on the use of the relevant information
                      as are contained in Clause 7.2, provided that such Party shall be responsible for any violation of Clause 7.2 by any such officer, employee, adviser or agent;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z3210172c56fe429cb15e93842e4086cc" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">subject to Clause 7.4, to the extent required by applicable law or by the regulations of any stock exchange or regulatory authority to which such Party is or may become
                      subject or pursuant to any order of court or other competent authority or tribunal;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8ab0597b05ab4d318067405a07e8b1c0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to the extent that the relevant Confidential Information is in the public domain otherwise than by breach of this Agreement by any Party;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z6b229096183145ff8c58e86f1873338e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">which is disclosed to such Party by a third party who is not in breach of any undertaking or duty as to confidentiality whether express or implied;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-6-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zeefb786da5d04112ac9e03bec4191030" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.5</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">which that Party lawfully possessed prior to obtaining it from another, provided that this exception shall not apply to information concerning the Group in relation to
                      the period before Completion;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zd2ac5e48e893448fbb185d1097b4e5e6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.6</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to any professional advisers to the disclosing party who are bound to the disclosing party by a duty of confidence which applies to any information disclosed; or</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z7694d3eea8674167b6a13c0defbe0a78" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.7</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to the other Party to this Agreement or pursuant to its terms.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="ze4803c2baf174fbda940252cfc848cb1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If a Party becomes required, in circumstances contemplated by Clause 7.3.2, to disclose any information such Party shall (save to the extent prohibited by law) give to
                      the other Party such notice as is practical in the circumstances of such disclosure and shall co-operate with the other Party, having due regard to the other Party&#8217;s views, and take such steps as the other Party may reasonably require
                      in order to enable it to mitigate the effects of, or avoid the requirements for, any such disclosure.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">No partnership</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z03016d5d0f064e32b791c9e26e3cca00" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.5</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Nothing in the Agreement or in any document referred to in it shall constitute the Parties a partner of any other, nor shall the execution, completion and implementation
                      of this Agreement confer on either Party any power to bind or impose any obligations to any third parties on the other Party or to pledge the credit of the other Party.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Assignment</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z55515714ab4a42e6b74eb7f9e675e9aa" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.6</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Except in connection with on-sale of the Shares to AAGES (AY Holdings) B.V., no Party may assign its rights under this Agreement.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Third party rights</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z13f3784466cc4123868d5f12f077a059" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.7</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">No term of this Agreement is enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who is not a Party to this Agreement.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Entire agreement</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z0adfcf95d65e41c8bbd81383545d0a87" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.8</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each of the Parties to this Agreement confirms on behalf of itself and its Affiliates that this Agreement represents the entire understanding, and constitutes the whole
                      agreement, in relation to its subject matter and supersedes any previous agreement between the Parties with respect thereto and, without prejudice to the generality of the foregoing, excludes any warranty, condition or other
                      undertaking implied at law or by custom, usage or course of dealing.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z0f8f1fabfcf743f9be6bf32731336112" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.9</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party confirms on behalf of itself and its group undertakings that:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zc651317950d74817930be58aae851952" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.9.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in entering into this Agreement it has not relied on any representation, warranty, assurance, covenant, indemnity, undertaking or commitment which is not expressly set
                      out or referred to in this Agreement; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-7-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zd21c28bdf72e40b68c89417c1ed12bda" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.9.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in any event, without prejudice to any liability for fraudulent misrepresentation or fraudulent misstatement, the only rights or remedies in relation to any
                      representation, warranty, assurance, covenant, indemnity, undertaking or commitment given or action taken in connection with this Agreement are those pursuant to this Agreement and no Party has any other right or remedy (whether by
                      way of a claim for contribution or otherwise) in tort (including negligence) or for misrepresentation (whether negligent or otherwise, and whether made prior to, or in, this Agreement).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Unenforceable provisions</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="za29dde8a37c94b00b1d79cde97876069" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.10</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If any provision or part of this Agreement is void or unenforceable due to any applicable law, it shall be deemed to be deleted and the remaining provisions of this
                      Agreement shall continue in full force and effect.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Effect of Completion</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z718dd0f45f734871a423b9b380b0b97a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.11</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">So far as it remains to be performed this Agreement shall continue in full force and effect after Completion. The rights and remedies of the Parties shall not be affected
                      by Completion.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Waiver</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z01520bd95c8b476287d7c15a61f13b10" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.12</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The rights and remedies of the Parties shall not be affected by any failure to exercise or delay in exercising any right or remedy or by the giving of any indulgence by
                      any other Party or by anything whatsoever except a specific waiver or release in writing and any such waiver or release shall not prejudice or affect any other rights or remedies of the Parties. No single or partial exercise of any
                      right or remedy shall prevent any further or other exercise thereof or the exercise of any other right or remedy.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Variation</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z0527fff65ca54a4689d0af1a13907107" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.13</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">No variation of this Agreement (or any of the documents referred to in it) shall be valid unless it is in writing (which, for this purpose, does not include email) and
                      signed by or on behalf of each of the Parties. The expression &#8220;variation&#8221; includes any variation, supplement, deletion or replacement however effected.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Counterparts</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zdedb16180b364a4cba5f4655480d07b5" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.14</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This Agreement may be executed in any number of counterparts and by the Parties to it on separate counterparts, each of which when executed and delivered shall be an
                      original but all the counterparts together constitute one instrument.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Costs</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z6ecc348dd9d540239bcf31507de30842" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.15</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Parties shall pay their own costs in connection with the preparation and negotiation of this Agreement and any matter contemplated by it.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Language</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z27150b2a99f247f4ae20c65ec6561a3a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.16</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This Agreement was negotiated in English and, to be valid, all certificates, notices, communications and other documents made in connection with it shall be in English.
                      If all or any part of this Agreement or any such certificate, notice, communication or other document is for any reason translated into any language other than English the English text shall prevail. Each of the Parties understands
                      English and is content for all communications relating to this Agreement to be served on it in English.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-8-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z96f2c9b461be439e8a485cd72f6b8131" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NOTICES</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zeda8e91998ad44dd9bd5714a623b6ea0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">A notice (including any approval, consent or other communication) in connection with this Agreement and the documents referred to in it:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z6b655f67aedd47e29b312d285401e83c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">must be in writing;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z411e7edf58f843a4b74a52ab4f890b22" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">must be left at or delivered by courier to the address of the addressee or sent by pre-paid recorded delivery (airmail if posted to or from a place outside the country of
                      delivery) to the address of the addressee or sent by facsimile to the facsimile number of the addressee in each case which is specified in this Clause in relation to the Party to whom the notice is addressed, and marked for the
                      attention of the person so specified, or to such other address or facsimile number or marked for the attention of such other person, as the relevant Party may from time to time specify by notice given in accordance with this Clause.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z5eaaff5fe2d9448bb157c778b20a04f8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The relevant details of each Party at the date of this Agreement are:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="" id="z4b6d1e67fdb8472eb419e448733d1bab" style="border-collapse: collapse; width: 70%; font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-left: 72pt;">

          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Seller</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Address:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">354 Davis Road, Suite 100</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Oakville, Ontario</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">L6J 2X1, Canada</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Facsimile:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(905) 465-4540</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Attention:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Chief Executive Officer</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Purchaser</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Address:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Atrium Building, 8th Floor</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Strawinskylaan 3127</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">1077 ZX Amsterdam</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Netherlands</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Facsimile:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">0031 88 560 9960</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Attention:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Bart van Dijk</font></div>
            </td>
          </tr>

      </table>
      <div style="clear: both;"><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zefdf62a2a3f34ff2a8fdcaa747ca0d0e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">must not be sent by electronic mail.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2555ff62440245038daafb937d7f4f62" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In the absence of evidence of earlier receipt, any notice shall take effect from the time that it is deemed to be received in accordance with Clause 8.3.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zb8471de0caaa45f284d20ddad72b6606" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to Clause 8.4, a notice is deemed to be received:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2c60b48cdfc7451d9f209e72bd70a3f3" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.3.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of a notice left at the address of the addressee, upon delivery at that address;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-9-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8ea721e8a28444e291435f869c29e4fa" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

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                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.3.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of a posted letter, on the third day after posting or, if posted to or from a place outside the United Kingdom, the seventh day after posting; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z86bc74e9421b415284ca3a2243d68354" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.3.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of a facsimile, on production of a transmission report from the machine from which the facsimile was sent which indicates that the facsimile was sent in its
                      entirety to the facsimile number of the recipient.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z9aaea89ad15041c49640979c5da4d96e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">A notice received or deemed to be received in accordance with Clause 8.1 above on a day which is not a Business Day, or after 5pm on any Business Day, shall be deemed to
                      be received on the next following Business Day.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2db1be7c3c0947758451dee19424d330" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">9.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">GOVERNING LAW</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z558c4551e87f4028b679be57654e3534" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">9.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This Agreement and any dispute or claim arising out of or in connection with it or its subject matter, existence, negotiation, validity, termination or enforceability
                      (including non-contractual disputes or claims) shall be governed by and construed in accordance with English law.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zd90499ea688b4506a868af43603c0c16" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">DISPUTE RESOLUTION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z0c5800b2bada49dea359ca5819487201" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party irrevocably agrees that the Courts of England shall have exclusive jurisdiction in relation to any dispute or claim arising out of or in connection with this
                      Agreement or its subject matter, existence, negotiation, validity, termination or enforceability (including non-contractual disputes or claims).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z438270389cc546df9b502ec38daad603" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party irrevocably waives any right that it may have to object to an action being brought in those courts, to claim that the action has been brought in an
                      inconvenient forum, or to claim that those courts do not have jurisdiction.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zce1f0a454d074b249597b8730fb7ade0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Regardless of whether the courts of any country other than England have jurisdiction to consider a dispute falling within this Clause 10 each Party irrevocably undertakes
                      that it will neither issue nor cause to be issued originating or other process in respect to such a dispute in any jurisdiction other than England.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="za924fb0c1a704ddbbe390abf4a265527" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event that any Party commences an action in the courts of any country other than England (a &#8220;foreign action&#8221;), the Party which commenced the foreign action shall
                      indemnify the other Party in respect of any and all costs and liabilities which it has incurred in connection with the foreign action, whether or not those costs and liabilities would be recoverable apart from the provisions of this
                      Clause.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8c3109a144c64e989456c853adfd5e6c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.5</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party agrees that without preventing any other mode of service, any document in an action (including, a claim form or any other document to be served under the Civil
                      Procedure Rules) may be served on any Party by being delivered to or left for that Party at its address for service of notices under Clause 8 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Notices</font>)
                      and each Party undertakes to maintain such an address at all times and to notify the other Parties in advance of any change from time to time of the details of such address in accordance with the manner prescribed for service of
                      notices under Clause 8 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Notices</font>).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">[Signature page follows]</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-10-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">IN WITNESS of which the Parties have executed this Agreement on the date first mentioned above.</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zdecee95634c341dc92638d2c5246353b" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Signed by</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
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            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">duly authorised</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
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            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">representatives of</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Algonquin Power &amp;</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
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            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Utilities Corp.</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">) <u><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">/s/ I.E. Robertson</font></u></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name: I. E. Robertson</font></div>
            </td>
          </tr>
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            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title: Chief Executive Officer</font></div>
            </td>
          </tr>
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            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">) <u><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">/s/ Chris Jarratt</font></u></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name: Chris Jarratt</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title: Vice Chair</font></div>
            </td>
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          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Signed by</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
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            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">A duly authorised</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">representative of</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Algonquin (AY</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Holdco) B.V.</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">) <u><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">/s/ B. van Dijk</font></u></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name: B. van Dijk</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title: Attorney-in-fact</font></div>
            </td>
          </tr>

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      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">[Signature page to On-Sale SPA (AQN to AY Holdco)]</font></div>
      <div><br>
      </div>
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      </div>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ex99_2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.2</font><br>
    </div>
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      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">ALGONQUIN (AY HOLDCO) B.V.</font></div>
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      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">AND</font></div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">AAGES (AY HOLDINGS) B.V.</font></div>
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      </div>
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          center;"></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
        </font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">SALE AND PURCHASE AGREEMENT</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">ATLANTICA YIELD PLC</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
        </font></div>
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          center;"></div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">CONTENTS</font></div>
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      <table cellspacing="0" cellpadding="0" border="0" id="z47e69b46086544f3b68704127d3b6fd5" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

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            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Clause</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Page</font></div>
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            <td style="vertical-align: top;" colspan="2">&#160;</td>
            <td style="width: 6%; vertical-align: bottom; text-align: right;">&#160;</td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">1.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Interpretation</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">2</font></div>
            </td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">2.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Sale and Purchase</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">4</font></div>
            </td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">3.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Consideration</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">4</font></div>
            </td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">4.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Completion</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);"> 5<br>
            </td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">5.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Assignment of Certain Rights under ACIL Luxco Option</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">5</font></div>
            </td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">6.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Termination</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">5</font></div>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">7.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Miscellaneous</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">6</font></div>
            </td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">8.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Notices</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">9</font></div>
            </td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">9.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Governing Law</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10</font></div>
            </td>
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            <td style="width: 4%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10.</font></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Dispute Resolution</font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10</font></div>
            </td>
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        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-1-</font></div>
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THIS AGREEMENT </font>is made on 26 November 2018</font></div>
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BETWEEN:</font></div>
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          <table cellspacing="0" cellpadding="0" id="z606b6c18014146caa1da6e1037a56067" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

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                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(1)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin (AY Holdco) B.V., a private company with limited liability (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">besloten
                        vennootschap met beperkte aansprakelijkheid</font>), having its seat (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">zetel</font>) in Amsterdam, its address at Strawinskylaan 3127, 8th floor, 1077
                      ZX Amsterdam and registered in the trade register under number 70715092 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Seller</font>&#8221;); and</font></div>
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      <div><br>
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      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2171015909344b98adc4ec284d8ef73a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

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                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(2)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">AAGES (AY Holdings) B.V., a private company with limited liability (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">besloten
                        vennootschap met beperkte aansprakelijkheid</font>), having its seat (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">zetel</font>) in Amsterdam, its address at Strawinskylaan 3127, 8th floor, 1077
                      ZX Amsterdam and registered in the trade register under number 70787255 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Purchaser</font>&#8221;).</font></div>
                </td>
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        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">RECITALS:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zf11e9a03d425493bb6dba07b8a9c35c4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(A)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to that certain Amended and Restated Option Agreement (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco Option</font>&#8221;)




                      dated 19 November 2018, between ACIL Luxco 1, S.A. as seller (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco</font>&#8221;), Algonquin Power &amp; Utilities Corp. as purchaser (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Algonquin</font>&#8221;), and Abengoa, S.A. as seller&#8217;s guarantor, ACIL Luxco agreed to sell and transfer to Algonquin all of the remaining shares of the Company
                      held by ACIL Luxco (being 16,503,348 shares and representing approximately 16.47% of the issued share capital of the Company) (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Shares</font>&#8221;).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zc74f27aef7904fc6add3cd57b10d9f38" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(B)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to that certain Sale and Purchase Agreement (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AQN On-Sale SPA</font>&#8221;)
                      dated 26 November 2018, between Algonquin and Seller, Algonquin sold and transferred the Shares to Seller, and Algonquin assigned all rights (but not, for the avoidance of doubt, its obligations) of Algonquin under the ACIL Luxco
                      Option (other than the right to acquire the Shares from ACIL Luxco) to AY Holdco.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z5adb575545014161bbe300ef2165db6b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(C)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Seller has agreed to sell the Shares to the Purchaser, conditional on ACIL Luxco Option Completion occurring.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THE PARTIES AGREE </font>as follows:</font></div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z01aeb78f9c0840b09a6d452559384220" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">INTERPRETATION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zdc0eabfb854d41179c30197619459ad0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In this Agreement:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco</font>&#8221; has the meaning given to that
          term in Recital (A);</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco Option</font>&#8221; has the meaning given to
          that term in Recital (A);</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco Option Completion</font>&#8221; means
          &#8220;Completion&#8221; as defined in Schedule 6 to the ACIL Luxco Option;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACIL Luxco Option Base Consideration</font>&#8221; means
          USD $344,919,973.20;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Affiliate</font>&#8221; means, with respect to any
          Person, any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with that Person, with the term &#8220;control&#8221; (including, with correlative meaning, the terms &#8220;controlled
          by&#8221; and &#8220;under common control with&#8221;) meaning the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or partnership
          interests, by contract or otherwise;</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-2-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Business Day</font>&#8221; means a day (other than a
          Saturday or Sunday) on which banks are open for general business in London;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Company</font>&#8221; means Atlantica Yield plc, a
          company incorporated under the laws of England and Wales (registered number 08818211) and whose registered office is at Great West House (GW1), Great West Road, Brentford, Middlesex, Greater London, TW8 9DF, United Kingdom;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Completion</font>&#8221; means completion of the sale and
          purchase of the Shares in accordance with this Agreement;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Confidential Information</font>&#8221; has the meaning
          given to that term in Clause 7.2 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Confidentiality</font>);</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Consideration</font>&#8221; has the meaning given to that
          term in Clause 3 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Consideration</font>);</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Encumbrance</font>&#8221; means &#8220;Encumbrance&#8221; as defined
          in Schedule 6 to the ACIL Luxco Option;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Full Title Guarantee</font>&#8221; means &#8220;Full Title
          Guarantee&#8221; as defined in Schedule 6 to the ACIL Luxco Option;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Group</font>&#8221; has the meaning given to that term in
          Schedule 6 to the ACIL Luxco Option;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Ordinary Shares Issue Price</font>&#8221; has the meaning
          given to that term in Clause 3.1;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Party</font>&#8221; or &#8220;<font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Parties</font>&#8221; means the Seller and/or the Purchaser, as the context requires;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Person</font>&#8221; means any individual, corporation,
          partnership, joint venture, association, joint stock company, trust, limited liability company, organization, entity, unincorporated organization, or governmental authority;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Share P1 Issue Price</font>&#8221; has the meaning given
          to that term in Clause 3.1; andd</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Shares</font>&#8221; has the meaning given to that term
          in Recital (A).</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="za710d2e6039f40fa8a7f3c5296487ab1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In this Agreement, except where the context otherwise requires:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="za078055186f24d3896b025662b56632e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a reference to an enactment, EU instrument or statutory provision shall include a reference to any subordinate legislation made under the relevant enactment, EU
                      instrument or statutory provision and is a reference to that enactment, EU instrument, statutory provision or subordinate legislation as from time to time amended or modified and to any enactment, EU instrument, statutory provision or
                      subordinate legislation that from time to time (with or without modifications) re-enacts, replaces, consolidates, incorporates or reproduces it;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z3d23962d7b1142c992b4b75d4d05d489" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">words in the singular shall include the plural and vice versa;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-3-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z940e35a0d8464864b44e04b2cbf8972f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">references to one gender include other genders;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z43825690fb714018a2f402809324c411" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a reference to a person shall include a reference to a firm, a body corporate, an unincorporated association, a partnership or to an individual&#8217;s executors or
                      administrators;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zffd0f03714094e05a94b89ebc33b71a0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.5</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a reference to a Clause shall be a reference to a Clause of this Agreement, unless otherwise specified;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z00a346c1493d4e16ba0455cda71759ab" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.6</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">if a period of time is specified as from a given day, or from the day of an act or event, it shall be calculated exclusive of that day;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zfa12d46db0c84035afca4bd35f4f44a4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.7</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">references to any English legal term for any action, remedy, method of judicial proceeding, legal document, legal status, court, official or any legal concept or thing
                      shall in respect of any jurisdiction other than England be deemed to include what most nearly approximates the English legal term in that jurisdiction and references to any English statute or enactment shall be deemed to include any
                      equivalent or analogous laws or rules in any other jurisdiction;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z21421fabe1294625894fc41b476ad511" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.8</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">references to writing shall include any modes of reproducing words in any legible form and shall include email except where expressly stated otherwise;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z3824196296ef438d917542c0a722a354" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.9</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a reference to &#8220;includes&#8221; or &#8220;including&#8221; shall mean &#8220;includes without limitation&#8221; or &#8220;including without limitation&#8221;;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z974fa283a0db44aea22759e74d10259d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.10</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the headings in this Agreement are for convenience only and shall not affect its interpretation; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8f50b1dc950546e8aef8ac3c75461e03" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.2.11</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">references to this Agreement include this Agreement as amended or supplemented in accordance with its terms.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zcb17ea1d383540e39804c33eeed32c78" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SALE AND PURCHASE</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z983cedd379384127afaf7ee2a54697f0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Conditional on ACIL Luxco Option Completion occurring, the Seller shall sell and the Purchaser shall purchase the Shares.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z6a0a463621774a5d87d0248fdb244a80" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">CONSIDERATION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8c682f01ac404977ba3bb41a5b5d6155" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The consideration for the Seller&#8217;s sale of the Shares to Purchaser shall be (a) ten thousand (10,000) ordinary shares in Purchaser, to be issued at USD $1 par value each,
                      for a combined value of USD $10,000 (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Ordinary Shares Issue Price</font>&#8221;), and (b) one (1) P1 series preferred share in Purchaser, to be issued at USD
                      $1 par value (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Share P1 Issue Price</font>&#8221;), with an amount equal to ACIL Luxco Option Base Consideration <font style="font-size: 10pt; font-family:
                        'Times New Roman'; font-style: italic;">less</font> the Ordinary Shares Issue Price and <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">less</font> the Share P1 Issue Price credited toward the
                      share P1 share premium in Purchaser (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Consideration</font>&#8221;).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-4-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="ze2bdf3e235574e358a7eca1b4c174d90" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Consideration is intended to be fair market value for the Shares, and the determination&#160; has been made using valuation principles applied consistently and in good
                      faith.&#160; If, however, (a) any governmental or regulatory authority of competent authority (i) alleges that such determination of the fair market value does not represent the fair market value of the Shares as of Completion, (ii)
                      proposes to make an assessment of tax on the basis that any gift, benefit or advantage is or has been conferred on any person by reason of such determination of the fair market value, or (iii) takes any other steps or makes any other
                      rulings of general application or specific to one of the parties which may be prejudicial to any of the parties or (b) if the parties determine, acting in good faith, within thirty (30) days of the date hereof, that there has been a
                      material miscalculation in their original determination of such determination of the fair market value, then in such event, the parties may, after consultation with such governmental or regulatory authority or by themselves, acting in
                      good faith, agree to adjust such determination of the fair market value to such other amount as may be determined by the parties acting in good faith so that such determination of the fair market value shall represent fair market
                      value.&#160;&#160; To the extent permissible, such adjustment shall have been deemed to have been made as of the Completion; otherwise any such adjustments shall be made in the then-current fiscal period.&#160; To the extent any adjustment is made
                      to the determination of such fair market value as at the Completion, the &#8220;Share Premium&#8221; attributable to shares P1 in the Purchaser shall also be adjusted accordingly, and the &#8220;Share Premium&#8221; of the share P1 of the Purchaser issued to
                      the Seller shall also be adjusted accordingly.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zfa5c05088dbd4329848c11e0bfa043e8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">COMPLETION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z37bb991dac8a48d1b92fd197f13a3f68" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Completion shall take place immediately following ACIL Luxco Option Completion.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zdc7c1e51fd0b445ca512ac936c68f5c1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">At Completion the Seller shall direct, or procure Algonquin to direct, ACIL Luxco to transfer the Shares to the Purchaser by way of crediting the Shares through the
                      facilities and in accordance with the procedures of Depository Trust Company to an account or accounts designated by the Purchaser.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zbcaf6aa2901141bab386e15211f09df2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">At Completion or such later time as the Seller may agree, the Purchaser shall pay or deliver the Consideration to the Seller or as the Seller directs in writing.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z83bc83a2842d424db77a03759c1e16f2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ASSIGNMENT OF CERTAIN RIGHTS UNDER ACIL LUXCO OPTION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z5230a2feb88c476ca4dc249263253d1b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Seller hereby assigns to the Purchaser all rights of the Seller under the ACIL Luxco Option and the AQN On-Sale SPA, and the Seller agrees to notify ACIL Luxco and
                      Algonquin of such assignment.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z6a2507805a4643e4aee711f4b2b55944" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">TERMINATION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z365f22dbb69b4a0f9f2720a5d96480a5" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The termination of this Agreement shall not affect:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zffb7a6e2cba24c838616c9a8a9614d94" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.1.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any rights or obligations which have accrued or become due prior to the date of termination; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z1738eb74677445639c8553c8db6b8da8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.1.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the continued existence and validity of the rights and obligations of the Parties under any provision which is expressly or by implication intended to continue in force
                      after termination (together with those Clauses necessary for their interpretation) including this Clause and Clauses 8 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Notices</font>), 9 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Governing Law</font>) and 10 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Dispute Resolution</font>).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-5-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2712a9f27cc843f4aa6a82fb695e6c41" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">MISCELLANEOUS</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Announcements</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zaae18c1078884f63a70c9063d88fec50" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the remaining provisions of this Clause 7.1, no Party shall release any announcement or despatch any announcement or circular relating to this Agreement or the
                      transactions contemplated hereby, unless the other Party has been given a reasonable opportunity to comment on the content to be included in such announcement or circular. Nothing in this Clause 7.1 shall prohibit any Party from
                      making any announcement or despatching any circular as required by law or regulation or any regulatory body or the rules of any stock exchange.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Confidentiality</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z6b1a84629d3f453198ff4bfb850712a8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party undertakes to the other that, subject to Clause 7.3, unless the prior written consent of the other Party shall first have been obtained it shall, and shall
                      procure that its officers, employees, advisers and agents shall keep confidential and shall not by failure to exercise due care or otherwise by any act or omission disclose to any person whatever, or use or exploit commercially for
                      its or their own purposes, any of the confidential information of the other Party. For the purposes of this Clause 7.2, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Confidential Information</font>&#8221;
                      is the contents of this Agreement, the ACIL Luxco Option and any other agreement or arrangement contemplated by this Agreement and:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z011686730e394e83b4c14f526866dd56" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.2.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">information of whatever nature concerning the business, finances, assets, liabilities, dealings, transactions, know-how, customers, suppliers, processes or affairs of the
                      other Party, or any of its group undertakings from time to time; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z07823109855c4b339413905a70e2df9a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.2.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any information which is expressly indicated to be confidential in relation to the Party disclosing it (or in relation to any of its group undertakings from time to
                      time),</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">which any party may from time to time receive or obtain (verbally or in writing or in disk or electronic form) from any other Party as
          a result of negotiating, entering into, or performing its obligations pursuant to this Agreement and provided that such information concerning the Group in relation to the period before Completion shall not be Confidential Information of the
          Seller following Completion and such information concerning the Group in relation to the period after Completion shall be Confidential Information of the Purchaser.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z57f21f4e534243dd8a669788fad400e2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The consent referred to in Clause 7.2 shall not be required for disclosure by a Party of any Confidential Information:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zcb23b353f994457a95178d5c1a95dbc9" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to its officers, employees, advisers and agents, in each case, as may be contemplated by this Agreement or, to the extent required to enable such Party to carry out its
                      obligations under this Agreement and who shall in each case be made aware by such Party of its obligations under this Clause and shall be required by such Party to observe the same restrictions on the use of the relevant information
                      as are contained in Clause 7.2, provided that such Party shall be responsible for any violation of Clause 7.2 by any such officer, employee, adviser or agent;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z960aed2753d5438c8c941683d8b541cb" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">subject to Clause 7.4, to the extent required by applicable law or by the regulations of any stock exchange or regulatory authority to which such Party is or may become
                      subject or pursuant to any order of court or other competent authority or tribunal;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-6-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z9d835573e86541b68ed9486237f662f8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to the extent that the relevant Confidential Information is in the public domain otherwise than by breach of this Agreement by any Party;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zcd05c03c0fb24289ab3d9a8f9ca7aae2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">which is disclosed to such Party by a third party who is not in breach of any undertaking or duty as to confidentiality whether express or implied;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zb65dfaeb40f043e3a55c155945b09bdb" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.5</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">which that Party lawfully possessed prior to obtaining it from another, provided that this exception shall not apply to information concerning the Group in relation to
                      the period before Completion;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zad288543e31d4e9394eb4442b6ee4086" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.6</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to any professional advisers to the disclosing party who are bound to the disclosing party by a duty of confidence which applies to any information disclosed; or</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z18d038d152fe4f719581d85d098e0a15" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.3.7</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to the other Party to this Agreement or pursuant to its terms.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zdd591027e6b54018abb2e4d1bba1f130" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If a Party becomes required, in circumstances contemplated by Clause 7.3.2, to disclose any information such Party shall (save to the extent prohibited by law) give to
                      the other Party such notice as is practical in the circumstances of such disclosure and shall co-operate with the other Party, having due regard to the other Party&#8217;s views, and take such steps as the other Party may reasonably require
                      in order to enable it to mitigate the effects of, or avoid the requirements for, any such disclosure.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">No partnership</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z02d22ef8dfe14ceb85d4fa41c5ac4772" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.5</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Nothing in the Agreement or in any document referred to in it shall constitute the Parties a partner of any other, nor shall the execution, completion and implementation
                      of this Agreement confer on either Party any power to bind or impose any obligations to any third parties on the other Party or to pledge the credit of the other Party.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Assignment</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z5f38253dfe2548d8bcbd80c365b02fa2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.6</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">No Party may assign its rights under this Agreement.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Third party rights</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2e82f4a095a34064b188787cbcd1b64d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.7</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">No term of this Agreement is enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who is not a Party to this Agreement.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Entire agreement</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z00beadce8f6d4d0eb70ec1af6354294b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.8</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each of the Parties to this Agreement confirms on behalf of itself and its Affiliates that this Agreement represents the entire understanding, and constitutes the whole
                      agreement, in relation to its subject matter and supersedes any previous agreement between the Parties with respect thereto and, without prejudice to the generality of the foregoing, excludes any warranty, condition or other
                      undertaking implied at law or by custom, usage or course of dealing.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z9923b849707e4455b6e27cb505abe2e0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.9</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party confirms on behalf of itself and its group undertakings that:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-7-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zab4447bdf2a84037836ee1d67b59c88e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.9.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in entering into this Agreement it has not relied on any representation, warranty, assurance, covenant, indemnity, undertaking or commitment which is not expressly set
                      out or referred to in this Agreement; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zc0c36da8d6e144119b7e61290f5f4493" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.9.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in any event, without prejudice to any liability for fraudulent misrepresentation or fraudulent misstatement, the only rights or remedies in relation to any
                      representation, warranty, assurance, covenant, indemnity, undertaking or commitment given or action taken in connection with this Agreement are those pursuant to this Agreement and no Party has any other right or remedy (whether by
                      way of a claim for contribution or otherwise) in tort (including negligence) or for misrepresentation (whether negligent or otherwise, and whether made prior to, or in, this Agreement).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Unenforceable provisions</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2c7a8806aa004171852e78c6ff8206c0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.10</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If any provision or part of this Agreement is void or unenforceable due to any applicable law, it shall be deemed to be deleted and the remaining provisions of this
                      Agreement shall continue in full force and effect.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Effect of Completion</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z9d5d68c4af15412eb2d124856c344bf3" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.11</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">So far as it remains to be performed this Agreement shall continue in full force and effect after Completion. The rights and remedies of the Parties shall not be affected
                      by Completion.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Waiver</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z6126cfa22d834b708abd52f92bae6d94" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.12</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The rights and remedies of the Parties shall not be affected by any failure to exercise or delay in exercising any right or remedy or by the giving of any indulgence by
                      any other Party or by anything whatsoever except a specific waiver or release in writing and any such waiver or release shall not prejudice or affect any other rights or remedies of the Parties. No single or partial exercise of any
                      right or remedy shall prevent any further or other exercise thereof or the exercise of any other right or remedy.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Variation</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z6c5e0547d57443fbb6153752ccf5a075" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.13</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">No variation of this Agreement (or any of the documents referred to in it) shall be valid unless it is in writing (which, for this purpose, does not include email) and
                      signed by or on behalf of each of the Parties. The expression &#8220;variation&#8221; includes any variation, supplement, deletion or replacement however effected.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Counterparts</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8270a81ee7244324960e086f67e359e2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.14</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This Agreement may be executed in any number of counterparts and by the Parties to it on separate counterparts, each of which when executed and delivered shall be an
                      original but all the counterparts together constitute one instrument.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Costs</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8c80c08aac254c0191cf145595140c92" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.15</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Parties shall pay their own costs in connection with the preparation and negotiation of this Agreement and any matter contemplated by it.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-8-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Language</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zeb237c6adb294af08e85cddff95cdea6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.16</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This Agreement was negotiated in English and, to be valid, all certificates, notices, communications and other documents made in connection with it shall be in English.
                      If all or any part of this Agreement or any such certificate, notice, communication or other document is for any reason translated into any language other than English the English text shall prevail. Each of the Parties understands
                      English and is content for all communications relating to this Agreement to be served on it in English.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z990ed74fdcb54cb9afebad54739ce427" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NOTICES</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z79f70e35a7884b5b8b36b2672708849c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">A notice (including any approval, consent or other communication) in connection with this Agreement and the documents referred to in it:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z5d7a4397f59f419e81e4058574ad1407" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">must be in writing;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z480db90d99e141999f2b5914f24e2ab7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">must be left at or delivered by courier to the address of the addressee or sent by pre-paid recorded delivery (airmail if posted to or from a place outside the country of
                      delivery) to the address of the addressee or sent by facsimile to the facsimile number of the addressee in each case which is specified in this Clause in relation to the Party to whom the notice is addressed, and marked for the
                      attention of the person so specified, or to such other address or facsimile number or marked for the attention of such other person, as the relevant Party may from time to time specify by notice given in accordance with this Clause.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z5f7d5542b64c4c6eb9df2176644ba72e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The relevant details of each Party at the date of this Agreement are:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z9749f24461ee4bd9be562abcceb2409a" style="border-collapse: collapse; width: 70%; font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-left: 72pt;">

          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Seller</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Address:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Atrium Building, 8th Floor</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Strawinskylaan 3127</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">1077 ZX Amsterdam</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Netherlands</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Facsimile:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">0031 88 560 9960</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Attention:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Bart van Dijk</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Purchaser</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Address:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Atrium Building, 8th Floor</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Strawinskylaan 3127</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">1077 ZX Amsterdam</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Netherlands</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Facsimile:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">0031 88 560 9960</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Attention:</font></div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Bart van Dijk</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z105c363b27b144baa111043f23cdf27c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">must not be sent by electronic mail.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-9-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zd6806262056a4a65abc0be3d6b9a1dea" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In the absence of evidence of earlier receipt, any notice shall take effect from the time that it is deemed to be received in accordance with Clause 8.3.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z94cc03a7767b43a89cabec5027a60e4d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to Clause 8.4, a notice is deemed to be received:</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z85deb200738942a0942630537a8aa43d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.3.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of a notice left at the address of the addressee, upon delivery at that address;</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z960744e31d2745ec83da0f8685adbe4f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.3.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of a posted letter, on the third day after posting or, if posted to or from a place outside the United Kingdom, the seventh day after posting; and</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zca18b9f8542242359417d788e87effea" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.3.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of a facsimile, on production of a transmission report from the machine from which the facsimile was sent which indicates that the facsimile was sent in its
                      entirety to the facsimile number of the recipient.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zf30ef141f8bf42a3a1dbd15f89cf1ce2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">A notice received or deemed to be received in accordance with Clause 8.1 above on a day which is not a Business Day, or after 5pm on any Business Day, shall be deemed to
                      be received on the next following Business Day.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zcb03b192bc9a42d4a0edbc790d78c0c2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">9.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">GOVERNING LAW</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zf8f95ad57317450fac1fea3296f464bd" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">9.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This Agreement and any dispute or claim arising out of or in connection with it or its subject matter, existence, negotiation, validity, termination or enforceability
                      (including non-contractual disputes or claims) shall be governed by and construed in accordance with English law.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zfc2c57f1d1194d30bec4dac5c1bc9042" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">DISPUTE RESOLUTION</font></font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z6aea296623504414aba9ea5c0a4718de" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.1</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party irrevocably agrees that the Courts of England shall have exclusive jurisdiction in relation to any dispute or claim arising out of or in connection with this
                      Agreement or its subject matter, existence, negotiation, validity, termination or enforceability (including non-contractual disputes or claims).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z5e5faac45c7b47f2a152f27876f1e7b8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.2</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party irrevocably waives any right that it may have to object to an action being brought in those courts, to claim that the action has been brought in an
                      inconvenient forum, or to claim that those courts do not have jurisdiction.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zaa286deb8b9f4457b951b37bc496a7ac" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.3</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Regardless of whether the courts of any country other than England have jurisdiction to consider a dispute falling within this Clause 10 each Party irrevocably undertakes
                      that it will neither issue nor cause to be issued originating or other process in respect to such a dispute in any jurisdiction other than England.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z0b39ba3496274067bf31cd5944f6a346" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.4</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event that any Party commences an action in the courts of any country other than England (a &#8220;foreign action&#8221;), the Party which commenced the foreign action shall
                      indemnify the other Party in respect of any and all costs and liabilities which it has incurred in connection with the foreign action, whether or not those costs and liabilities would be recoverable apart from the provisions of this
                      Clause.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z1d10941d41d64856b933db4f7c16bc30" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.5</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Party agrees that without preventing any other mode of service, any document in an action (including, a claim form or any other document to be served under the Civil
                      Procedure Rules) may be served on any Party by being delivered to or left for that Party at its address for service of notices under Clause 8 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Notices</font>)
                      and each Party undertakes to maintain such an address at all times and to notify the other Parties in advance of any change from time to time of the details of such address in accordance with the manner prescribed for service of
                      notices under Clause 8 (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Notices</font>).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">[Signature page follows]</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">-10-</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">IN WITNESS of which the Parties have executed this Agreement on the date first mentioned above.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">EXECUTED </font>by the parties:</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z0c53a8ce72674e4fb676f19ee3592aa5" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Signed by a</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
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            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">duly authorised</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
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            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">representative of</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Algonquin (AY</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Holdco) B.V.</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">) <u><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">/s/ L.I.W. Klein</font></u></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name: L.I.W. Klein</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title: Attorney-in fact</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Signed by a</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">duly authorised</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">representative of</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">AAGES (AY</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Holdings) B.V.</font></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">) <u><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">/s/ B. van Dijk</font></u></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name: B. van Dijk</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title: Attorney-in-fact</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <div style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-style: italic;">[Signature page to On-Sale SPA &#8211; Plan B (AY Holdco to AY Holdings)]</div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>ex99_3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.3</font><br>
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  <div> <br>
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    <div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">This document is a consolidation prepared at the request of Algonquin Power &amp; Utilities Corp. of the Credit Agreement dated as of November 19, 2012 between The
        Bank of Nova Scotia, as Lender, and Algonquin Power &amp; Utilities Corp., as Borrower, as amended by a First Amending Agreement dated as of November 19, 2013, a Second Amending Agreement dated as of February 26, 2016, a Third Amending Agreement
        dated as of September 20, 2017 and a Fourth Amending Agreement dated as of November 20, 2018.&#160; Schedule 1.01 has been updated to include the list of Material Subsidiaries delivered in connection with the Fourth Amending Agreement dated as of
        November 20, 2018.</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
      </div>
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        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
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    <br>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">THE BANK OF NOVA SCOTIA</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">CREDIT AGREEMENT</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">dated as of</font></div>
    <div><br>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">November 19, 2012</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">among</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">and</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">THE BANK OF NOVA SCOTIA</font></div>
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    <div style="text-align: center;"> Table of Contents<br>
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    <table cellspacing="0" cellpadding="0" border="0" id="z9dff1e62639c4509ac7e3c057163f11e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">
            <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt;">Page</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE I Definitions</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">1</font></div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; background-color: rgb(255, 255, 255);" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.01. Defined Terms</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">1</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.02. Classification of Loans</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">14</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.03. Terms Generally</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">14</font></div>
          </td>
        </tr>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.04. Accounting Terms; GAAP</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">15</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.05. Currency</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">15</font></div>
          </td>
        </tr>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.06. Time</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">15</font></div>
          </td>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.07. Schedules and Exhibits</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">15</font></div>
          </td>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE II The Credits</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">16</font></div>
          </td>
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        <tr>
          <td style="vertical-align: top; background-color: rgb(255, 255, 255);" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.01. Commitment Amount</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">16</font></div>
          </td>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.02. Loans</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">16</font></div>
          </td>
        </tr>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.03. Requests for Loans</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">18</font></div>
          </td>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.04. Letters of Credit</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">19</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.05. Bankers&#8217; Acceptances</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">22</font></div>
          </td>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.06. Interest Elections</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">23</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.07. Termination and Reduction of Commitment Amount/Increase of Commitment Amount</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">24</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.08. Repayment of Loans; Evidence of Debt</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">24</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.09. Prepayment of Loans</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">25</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.10. Standby Fees</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">25</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.11. Interest</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">26</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.12. Alternate Rate of Interest</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">26</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.13. Increased Costs</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">27</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.14. Break Funding Payments</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">27</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.15. Taxes</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">28</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.16. Payments Generally</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">29</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.17. Extension of Maturity Date</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">29</font></div>
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          <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE III Representations and Warranties</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">29</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.01. Organization; Powers</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">29</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.02. Authorization; Enforceability</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">29</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.03. Governmental Approvals; No Conflicts</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">30</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.04. Financial Condition; No Material Adverse Change</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">30</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.05. Properties</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">30</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.06. Litigation and Environmental Matters</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">30</font></div>
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    </table>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">i</font></div>
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    <div style="text-align: center;"> Table of Contents</div>
    <div style="text-align: center;"> <br>
    </div>
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            <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt;">Page</div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.07. Compliance with Laws</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">31</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.08. Taxes</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">31</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.09. Disclosure</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">31</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.10. Patriot Act, Etc</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">31</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.11. Requirements of Law</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">31</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.12. GAAP</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">32</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.13. Insurance</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">32</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.14. Solvency</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">32</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.15. Expropriation</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">32</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.16. Subsidiaries</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">32</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.17. Collective Bargaining</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">32</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.18. Pension Plans</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">32</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE IV Conditions Precedent</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">33</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 4.01. Effective Date</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">33</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 4.02. Each Credit Event</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">33</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE V Affirmative Covenants</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">34</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.01. Financial Statements; Ratings Change and Other Information</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">34</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.02. Notices of Material Events</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">35</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.03. Existence; Conduct of Business</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">35</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.04. Payment of Obligations</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">36</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.05. Maintenance of Properties; Insurance</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">36</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.06. Books and Records; Inspection Rights</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">36</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.07. Compliance with Laws</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">36</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.08. Use of Proceeds and Letters of Credit</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">36</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.09. Accuracy Of Information</font></div>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">36</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.10.<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> [INTENTIONALLY LEFT BLANK]</font></font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">36</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.11. Debt to Capitalization Ratio</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">36</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.12.<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> [INTENTIONALLY LEFT BLANK]</font></font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">37</font></div>
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        <tr>
          <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE VI Negative Covenants</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">37</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.01. Secured Indebtedness</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">37</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.02. Fundamental Changes</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">37</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.03. Business</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">38</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.04. Swap Agreements</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">38</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.05. Restricted Payments</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">38</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.06. Transactions with Affiliates</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">38</font></div>
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    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">ii</font></div>
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    </div>
    <div style="text-align: center;"> Table of Contents</div>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;">

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          <td style="width: 8%; vertical-align: top;" rowspan="1">
            <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt;">Page</div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.07. Disposition of Property</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">38</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE VII Events of Default</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">38</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 7.01. Default</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">38</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 7.02. Remedies</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">41</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE VIII Miscellaneous</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">41</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.01. Notices</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">41</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.02. Waivers; Amendments</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">43</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.03. Expenses; Indemnity; Damage Waiver</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">43</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.04. Successors and Assigns</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">44</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.05. Survival</font></div>
          </td>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">44</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.06. Counterparts; Integration; Effectiveness</font></div>
          </td>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">45</font></div>
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          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.07. Severability</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">45</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.08. Right of Setoff</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">45</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.09. Governing Law; Jurisdiction; Consent to Service of Process</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">45</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.10. WAIVER OF JURY TRIAL</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">46</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.11. Headings</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">46</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.12. Confidentiality</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">46</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.13. USA PATRIOT Act</font></div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">47</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">iii</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify;">
      <div style="text-align: center;">Table of Contents</div>
      <div><br>
      </div>
      <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt;">Page</div>
      <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
      </div>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SCHEDULES:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Schedule 1.01&#160; &#8211;&#160; List of Material Subsidiaries</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Schedule 3.06&#160; &#8211;&#160; Disclosed Matters</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Schedule 3.16&#160; &#8211;&#160; Algonquin Organization Chart</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">EXHIBITS:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Exhibit A&#160; &#8211;&#160; Form of Borrowing Request</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Exhibit B&#160; &#8211;&#160; Form of Compliance Certificate</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Exhibit C&#160; &#8211;&#160; Form of Conversion/Continuation Notice</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">iv</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">CREDIT AGREEMENT</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">A M O N G</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(hereinafter called the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Borrower</font>&#8221;)</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">and</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">THE BANK OF NOVA SCOTIA</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(hereinafter called the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bank</font>&#8221;)</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Dated as of November 19, 2012</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">For valuable consideration, the parties hereto agree as follows:</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ARTICLE I</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Definitions</u></font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">SECTION 1.01.&#160; </font><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Defined Terms</u></font>.&#160; As used in this Agreement, the following terms have the meanings specified below:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&#8220;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">2016 Convertible Debentures</font>&#8221;
        means the convertible unsecured subordinated debentures issued by the Borrower in the aggregate principal amount of up to CDN $1,150,000,000 (including such amounts received from the exercise of an over-allotment option of up to a maximum of CDN
        $150,000,000) to its wholly-owned subsidiary, Liberty Utilities (Canada) Corp., on or about March 1, 2016, and the subsequent secondary public offering by Liberty Utilities (Canada) Corp. on or about March 1, 2016 of such convertible debentures by
        way of instalment receipts.&#8221;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Acceptance Fee</font>&#8221; means a fee payable by the
        Borrower to the Bank in Canadian Dollars with respect to the acceptance of a BA, calculated on the face amount of the BA at the rate per annum equal to the Applicable Rate from time to time in effect on the basis of the number of days in the
        applicable BA Period (including the date of acceptance and excluding the date of maturity) and a year of 365 days or 366 days, as the case may be.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Accumulated Other Comprehensive Income</font>&#8221; means
        those items classified as accumulated other comprehensive income on the consolidated balance sheet of the Borrower and its subsidiaries as required by GAAP.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Affiliate</font>&#8221; means, with respect to a specified
        Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Amherst Wind Project</font>&#8221; means the 75MW wind
        energy generation project to be located on Amherst Island, Ontario.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
      </font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-2-</font></div>
    </div>
    <!--PROfilePageNumberReset%Num%2%-%-%-->
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Applicable Rate</font>&#8221; means, for any day, with
        respect to any Loan, Financial Letter of Credit, Non-Financial Letter of Credit, or the Standby Fee, the applicable rate per annum, expressed in basis points, set forth below under the caption applicable to the respective type of borrowing, as the
        case may be, based upon the ratings by each of the Rating Agencies that are applicable on such date to the senior long term debt of the Borrower:</font></div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
    <table cellspacing="0" cellpadding="0" border="0" id="zf1370e904b674a6b8d3fe18f073feb04" style="border-collapse: collapse; width: 80%; font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-left: 72pt;">

        <tr>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Senior Debt</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"> Rating (S&amp;P</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"> / DBRS)</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Canadian</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"> Prime Rate</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"> Loan/ U.S. </font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Base Rate </font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Loan</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">BA/LIBOR</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Loan/</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Financial</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Letters of</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Credit</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Non-</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Financial</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Letters of</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Credit</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Standby</font></div>
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Fees</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&gt; A- / A (low)</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">0 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">100 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">67 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">20 bps</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">BBB+ / BBB (high)</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">20 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">120 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">80 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">24 bps</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">BBB / BBB</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">45 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">145 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">97 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">29 bps</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">BBB- / BBB (low)</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">70 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">170 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">113 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">34 bps</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 16%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&lt;BBB- / BBB (low)</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">125 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">225 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">150 bps</font></div>
          </td>
          <td style="width: 16%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">45 bps</font></div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">For purposes of the foregoing table: (i) if, at any time, neither Rating Agency is providing a Senior Debt Rating, the Applicable Rate
        shall be based on the lowest Senior Debt Rating band in the table; (ii) if the Senior Debt Ratings provided by the Rating Agencies are in different Senior Debt Rating bands, the Applicable Rate shall be based on the higher of the two Senior Debt
        Rating bands, unless one of the two Senior Debt Ratings is two or more levels lower than the other, in which case the Applicable Rate shall be determined by reference to the Senior Debt Rating band immediately below the band in which the higher of
        the two Senior Debt Ratings is located; and (iii) if, at any time, a Senior Debt Rating changes (other than as a result of a change in rating system), any corresponding change in the Applicable Rate shall become effective as of the date on which
        such change is first announced by the applicable Rating Agency, irrespective of when notice of such change is furnished to the Borrower or the Bank.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Assignment and Assumption</font>&#8221; means an assignment
        and assumption entered into by the Bank or the Borrower, as applicable and an assignee (with the consent of any party whose consent is required by Section 8.04).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Atlantica Acquisition</font>&#8221; means the acquisition
        by the Borrower of an additional 16.47% equity interest in Atlantica Yield PLC from ACIL Luxco 1, S.A. pursuant to the Atlantica Purchase Agreement.</font></div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-3-</font></div>
    </div>
    <!--PROfilePageNumberReset%Num%3%-%-%-->
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Atlantica Purchase Agreement</font>&#8221; means the option
        and right of refusal agreement dated November 1, 2017 between the Borrower, Abengoa, S.A. and ACIL Luxco 1, S.A., as the same may be amended or supplemented from time to time.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Availability Period</font>&#8221; means the period from and
        including the Effective Date to but excluding the earlier of the Maturity Date and the date of any other termination of the Revolving Credit Facility pursuant hereto.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BA Discount Proceeds</font>&#8221; means, with respect to
        any Bankers' Acceptance, the amount calculated in accordance with the following formula:</font></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="width: 10%; font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-left: 36pt;" id="z0446de2fd1194fad915b0a9dc4271d9a">

          <tr>
            <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>F</u></font> <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">1 + D x T/365</font></div>
            </td>
          </tr>

      </table>
    </div>
    <br>
    <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">where:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">F</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">means the face amount of the Bankers' Acceptance;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">D</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">means the applicable BA Discount Rate for the
        Bankers' Acceptance; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">T</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">means the number of days to maturity of the Bankers'
        Acceptance;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">with the amount as so calculated being rounded up or down to the fifth decimal place and with 0.000005 being rounded up.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BA Discount Rate</font>&#8221; means the rate as it appears
        on the Reuters Screen CDOR Rate Page for bankers' acceptances with a term identical to the term to maturity of the applicable Bankers' Acceptance.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BA Loan</font>&#8221; means an advance made by the Bank by
        the issuance and acceptance of a Bankers&#8217; Acceptance on behalf of the Borrower.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BA Period</font>&#8221; means, with respect to any Bankers'
        Acceptance specified by the Borrower in a Borrowing Request, the duration thereof as selected by the Borrower and as may be agreed to by the Bank commencing on the date of the Loan and expiring on the Business Day that is the last day of the
        duration agreed by the Bank and the Borrower and which shall, subject to availability, be in each case not less than thirty (30) days nor longer than one hundred eighty (180) days or such periods thereafter as may from time to time be agreed to by
        the Borrower and the Bank, provided that (a) each such period shall be subject to such extensions or reductions as may be determined by the Bank to ensure that each BA Period will expire on a Business Day, and (b) no BA Period shall mature after
        the expiry of the Maturity Date.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bank</font>&#8221; means The Bank of Nova Scotia.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bankers&#8217; Acceptance</font>&#8221; or &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BA</font>&#8221; means a Draft of the Borrower denominated in Canadian Dollars which has been accepted by the Bank as described in Section 2.05.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bankruptcy Event</font>&#8221; means, with respect to any
        Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or
        liquidation of its business appointed for it, or, in the good faith determination of the Bank, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that
        a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest
        does not result in or provide such Person with immunity from the jurisdiction of courts within Canada or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or
        instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.</font></div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-4-</font></div>
    </div>
    <!--PROfilePageNumberReset%Num%4%-%-%-->
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Borrower</font>&#8221; means Algonquin Power &amp;
        Utilities Corp., a Canada corporation.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">basis points</font>&#8221; or &#8220;<font style="font-size:
          10pt; font-family: 'Times New Roman'; font-weight: bold;">bps</font>&#8221; means individually 1/100th of 1%.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Borrowing Request</font>&#8221; means a request by the
        Borrower for a Loan in accordance with Section 2.03 and/or Section 2.04.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bulge Credit Exposure</font>&#8221; means the sum of the
        outstanding principal amount of the Bank's Loans under the Bulge Facility.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bulge Facility</font>&#8221; means the term facility
        established to provide up to CDN$400,000,000 or the U.S. Dollar equivalent thereof of financing in connection with the Atlantica Acquisition for the payment of the purchase price and transaction-related expenses.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bulge Facility Availability Period</font>&#8221; means the
        period from and including November 20, 2018 to December 20, 2018.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bulge Facility Maturity Date</font>&#8221; means December
        20, 2018.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Business Day</font>&#8221; means any day that is not a
        Saturday, Sunday or other day on which commercial banks in Toronto, Ontario are authorized or required by law to remain closed.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Dollars</font>&#8221; and &#8220;<font style="font-size:
          10pt; font-family: 'Times New Roman'; font-weight: bold;">CDN $</font>&#8221; means lawful money of Canada.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Prime Rate</font>&#8221; means, on any day, the
        interest rate expressed as a percentage rate per annum calculated on the basis of a 365-day year equal to the greater of the following:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the floating rate of interest
        announced from time to time by the Bank as its reference rate then in effect for determining rates of interest on Canadian Dollar loans to its customers in Canada and designated as its prime rate; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the thirty (30) day CDOR Rate
        plus one percent (1%) per annum.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Any change in the Canadian Prime Rate shall be effective on the date the change becomes effective generally.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Prime Rate Loan</font>&#8221; means a Loan in
        Canadian Dollars bearing interest based on the Canadian Prime Rate.</font></div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-5-</font></div>
    </div>
    <!--PROfilePageNumberReset%Num%4%-%-%-->
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Capital Adequacy Guidelines</font>&#8221; means Guideline
        A, dated January 2012, entitled &#8220;Capital Adequacy Requirement (CAR) - Simpler Approaches&#8221; and Guideline A-1, dated January 2012, entitled &#8220;Capital Adequacy Requirement (CAR)&#8221;, each issued by the Office of the Superintendent of Financial
        Institutions Canada and all other guidelines or requirements relating to capital adequacy issued by the Office of the Superintendent of Financial Institutions Canada, or any other Governmental Authority regulating or having jurisdiction with
        respect to the Bank, as amended, modified, supplemented, reissued or replace from time to time.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Capital Lease</font>&#8221; means, for any Person, any
        payment obligation of such Person under an agreement for the lease, license or rental of, or providing such person with the right to use, property that, in accordance with GAAP, is required to be capitalized and such agreement exists as of the date
        hereof or is hereafter created or assumed by that Person to finance the cost, in whole or in part, of the acquisition, construction, or installation of or improvements to any property.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Capital Lease Obligations</font>&#8221; of any Person means
        the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for
        as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">CDOR Rate</font>&#8221; means, on any date, the annual rate
        of interest which is the rate based on an average rate applicable to Canadian Dollar bankers&#8217; acceptances for the applicable BA Period appearing on the &#8220;Reuters Screen CDOR Page&#8221; (as defined in the International Swaps and Derivatives Association,
        Inc. 2000 definitions, as modified and amended from time to time), rounded to the nearest 1/100th of 1% (with .005% being rounded up), at approximately 10:00 a.m. (Toronto time) on such date, or if such date is not a Business Day, then on the
        immediately preceding Business Day, provided that if such rate does not appear on the Reuters Screen CDOR Page on such date as contemplated, then the CDOR Rate on such date shall be calculated as the rate for the term referred to above applicable
        to Canadian Dollar bankers&#8217; acceptances quoted by the Bank as of 10:00 a.m. (Toronto time) on such date or, if such date is not a Business Day, then on the immediately preceding Business Day.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Change in Control</font>&#8221; means the occurrence of any
        one of: (a) the Borrower has ceased to own or control, directly or indirectly, 100% of the equity interests of either Liberty Utilities Co. or Algonquin Power Co. or their respective successors, or (b) any person or group acquires greater than or
        equal to 50% of the outstanding equity interests of the Borrower, or (c) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Borrower by persons who were (i) not nominated by the board of directors of
        the Borrower, or (ii) not appointed by directors so nominated.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Change in Law</font>&#8221; means the occurrence after the
        date of this Agreement of any of the following: (a) the adoption of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the interpretation or application thereof by any Governmental Authority, or (c)
        compliance by the Bank with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement; provided however, that notwithstanding anything herein to the
        contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act, and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof, and (ii) all requests, rules,
        guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the Canadian or foreign regulatory authorities, in each case
        pursuant to Basel III, shall in each case be deemed to be a &#8220;Change in Law&#8221; regardless of the date enacted, adopted, issued or implemented.</font></div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-6-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Chaplin Wind Project</font>&#8221; means the multi-phase
        177MW wind energy generation s project to be located in the municipality of Chaplin, Saskatchewan.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Commitment Amount</font>&#8221; means the maximum committed
        availability to be provided by the Bank to the Borrower or the U.S. Dollar equivalent amount thereof as set out in Section 2.01 as reduced from time to time in accordance with the provisions of this Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Compliance Certificate</font>&#8221; means a certificate of
        a Financial Officer of the Borrower substantially in the form of Exhibit B.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Consolidated Indebtedness</font>&#8221; means at any time
        the Indebtedness of the Borrower and its subsidiaries, calculated on a consolidated basis, but excluding the aggregate principal amount of the 2016 Convertible Debentures.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Consolidated Net Worth</font>&#8221; means, as at any date,
        the sum of all amounts that would, in conformity with GAAP, be included on a consolidated balance sheet of the Borrower and its subsidiaries under stockholders&#8217; Equity Interests at such date, but excluding (a) Accumulated Other Comprehensive
        Income, and (b) the stockholders&#8217; Equity Interests amounts attributed in the most recent consolidated balance sheet of the Borrower to each Non-Recourse Entity that finances APUC Non-Recourse Assets with Non-Recourse Debt after February 3, 2016,
        including, without limitation, the Specified Non-Recourse Debt Projects (which exclusion, for certainty, does not apply to Equity Interests in Atlantica Yield PLC owned by AAGES (AY Holdings) B.V.).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Consolidated Total Capitalization</font>&#8221; means, as
        at any time as of which the amount thereof is to be determined, the sum of Consolidated Indebtedness plus Consolidated Net Worth.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Control</font>&#8221; means the possession, directly or
        indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise.&#160; &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
          font-weight: bold;">Controlling</font>&#8221; and &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Controlled</font>&#8221; have meanings correlative thereto.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Conversion/Continuation Notice</font>&#8221; has the
        meaning assigned to it in Section 2.02(f).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">DBRS</font>&#8221; means DBRS Limited and its successors.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Deerfield Wind Project</font>&#8221; means the 150 MW wind
        energy generation project to be located in central Michigan.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Default</font>&#8221; means any event or condition which
        constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-7-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Disqualified Stock</font>&#8221; means any Equity Interest
        that, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or
        redeemable at the option of the holder thereof, in whole or in part.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Disclosed Matters</font>&#8221; means the actions, suits
        and proceedings and the environmental matters disclosed in Schedule 3.06.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">dollars</font>&#8221; or &#8220;<font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">$</font>&#8221; refers to lawful money of Canada or the United States of America, as specified or required by the context.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Draft</font>&#8221; means a draft issued by the Borrower to
        be accepted as a Bankers' Acceptance under the terms of Article 2 and includes a depository bill within the meaning of the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Depository Bills and Notes Act</font>
        (Canada).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Effective Date</font>&#8221; means the date on which the
        conditions specified in Section 4.01 are satisfied or waived in accordance with Section 8.02.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Environmental Laws</font>&#8221; means all applicable laws
        pertaining to environmental or occupational health and safety matters, in effect as at the date hereof and as may be brought into effect or amended at any time hereafter, including, without limitation, those pertaining to reporting, licensing,
        permitting, investigation, remediation and clean-up in connection with any presence or release of a Hazardous Material or relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transportation or handling of a
        Hazardous Material.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Environmental Liability</font>&#8221; means any liability,
        contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities) directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use,
        handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment, or (e) any contract, agreement or
        other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Equity Interests</font>&#8221; means shares of capital
        stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase
        or acquire any such equity interest.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Equivalent Amount</font>&#8221; means, on any date, the
        equivalent amount in Canadian Dollars or U.S. Dollars, as the case may be, after giving effect to a conversion of a specified amount of U.S. Dollars to Canadian Dollars or Canadian Dollars to U.S. Dollars, as the case may be, at the noon spot rate
        established by the Bank of Canada on such date.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Event of Default</font>&#8221; has the meaning assigned to
        such term in Article VII.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Excluded Taxes</font>&#8221; means any Taxes now or
        hereafter imposed, levied, collected, withheld or assessed by Canada or any political subdivision of Canada on the Bank as a result of the Bank: (i) carrying on or having carried on a trade or business in Canada, or being or having been deemed to
        do so, or having a permanent establishment in Canada; (ii) being or having been organized under the laws of Canada or any political subdivision of Canada; or (iii) being or having been resident or deemed to be resident in Canada for income tax
        purposes; but does not include any sales, goods or services tax payable under the laws of Canada or any political subdivision of Canada with respect to any goods or services made available by the Bank to the Borrower under this Agreement.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-8-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Federal Funds Effective Rate</font>&#8221; means, for any
        day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next
        succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such
        transactions received by the Bank from three Federal funds brokers of recognized standing selected by it.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Financial Letter of Credit</font>&#8221; means a standby
        Letter of Credit if it serves as a payment guarantee of financial obligations and is treated as a direct credit substitute for purposes of the Capital Adequacy Guidelines, in the opinion of the Bank, acting reasonably and in accordance with its
        usual and customary practice.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Financial Officer</font>&#8221; means the chief financial
        officer, principal accounting officer, treasurer or controller of the Borrower.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Fiscal Quarter</font>&#8221; means any of the quarterly
        accounting periods of the Borrower, ending on December 31, March 31, June 30 and September 30 of each year.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Fiscal Year</font>&#8221; means any of the annual
        accounting periods of the Borrower ending on December 31 of each year.&#160; As an example, reference to the 2011 Fiscal Year shall mean the Fiscal Year ending December 31, 2011.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">GAAP</font>&#8221; means generally accepted accounting
        principles in the United States.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Governmental Authority</font>&#8221; means any government,
        parliament, legislature or commission or board of government, parliament or legislature, or any political subdivision thereof, or any quasi-governmental authority, or any court or, without limitation of the foregoing, any other law, regulation or
        rule-making entity, including, any central bank, fiscal or monetary authority or authority regulating financial institutions, having or purporting to have jurisdiction in the relevant circumstances, or any Person acting or purporting to act under
        the authority of any of the foregoing, including, any arbitrator, or any other authority charged with the administration or enforcement of applicable laws.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Great Bay Solar Project</font>&#8221; means the 75MW solar
        energy generation project to be located in Somerset County, Maryland.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Guarantee</font>&#8221; of or by any Person (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">guarantor</font>&#8221;) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
        obligation of any other Person (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">primary obligor</font>&#8221;) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or
        indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to
        purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or
        liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (d) as an account party in respect of any letter of credit or letter of guarantee issued to support such Indebtedness or
        obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-9-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Hazardous Materials</font>&#8221; means all explosive or
        radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical
        wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Hostile Acquisition</font>&#8221; means (a) the acquisition
        of the Equity Interests of a Person through a tender offer or similar solicitation of the owners of such Equity Interests which has not been approved (prior to such acquisition) by the board of directors (or any other applicable governing body) of
        such Person or by similar action if such Person is not a corporation, and (b) any such acquisition as to which such approval has been withdrawn.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Indebtedness</font>&#8221; of any Person means, without
        duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such
        Person under conditional sale or other title retention agreements relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable
        incurred in the ordinary course of business), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such
        Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Off-Balance Sheet Liabilities of such Person, (h) all obligations under any Disqualified Stock of such
        Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (j) all Capital Lease Obligations of such Person, and (k) all obligations, contingent or otherwise, of
        such Person in respect of bankers&#8217; acceptances.&#160; The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as
        a result of such Person&#8217;s ownership interest in or other relationship with such entity, except to the extent that the terms of such Indebtedness provide that such Person is not liable therefor.&#160; Any obligations under Swap Agreements shall be
        excluded from Indebtedness.&#160; In determining the amount of Indebtedness outstanding, there shall be deducted therefrom the amount of cash deposits, cash collateral and the letters or credit held by or issued in favor of the holder of such
        Indebtedness as a security therefor.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Indemnified Taxes</font>&#8221; means (a) Taxes, other than
        Excluded Taxes, imposed on or with respect to any payment made by the Borrower under any Loan Document, and (b) to the extent not otherwise described in (a), Other Taxes.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Intangible Assets</font>&#8221; means, at any time, the
        intangible assets of the Borrower and its subsidiaries determined on a consolidated basis (including, without limitation, goodwill).</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-10-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Interest Election Request</font>&#8221; means a request by
        the Borrower to convert or continue a Loan in accordance with Section 2.07.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Interest Payment Date</font>&#8221; means the 22nd day of
        the month in each month, provided that if the Interest Payment Date is a day other than a Business Day, such Interest Payment Date shall mean the Business Day preceding the 22nd day of such month.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Interest Period</font>&#8221; means, with respect to any
        LIBOR Loan, the period commencing on the date of such Loan and ending on the numerically corresponding day in the calendar month that is one, two, three, four or six months (or, with the consent of the Bank, nine or twelve months) thereafter, as
        the Borrower may elect; provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the
        next calendar month, in which case such Interest Period shall end on the next preceding Business Day, and (ii) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
        corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period.&#160; For purposes hereof, the date of a Loan initially shall be the date on which such Loan is
        made and, thereafter, shall be the effective date of the most recent conversion or continuation of such Loan.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">LC Disbursement</font>&#8221; means a payment made by the
        Bank pursuant to a Letter of Credit.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">LC Exposure</font>&#8221; means, at any time, the sum of
        (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Letter of Credit</font>&#8221; means any Financial Letter
        of Credit or Non-Financial Letter of Credit issued in Canadian Dollars and/or U.S. Dollars at the request of the Borrower, which letter of credit will be for a term not exceeding twelve (12) months issued pursuant to this Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Letter of Credit Fee</font>&#8221; means, at any time, in
        respect of a Letter of Credit, a fee calculated on the face amount of such Letter of Credit for the period from the date of issue thereof to the expiry date thereof at a rate per annum equal to the Applicable Rate at such time.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">LIBO Rate</font>&#8221; means, with respect to any LIBOR
        Loan for any Interest Period, the rate appearing on Reuters BBA Libor Rates Page 3750 (or on any successor or substitute page of such page) providing rate quotations comparable to those currently provided on such page, as determined by the Bank
        from time to time for purposes of providing quotations of interest rates applicable to U.S. Dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest
        Period, as the rate for U.S. Dollar deposits with a maturity comparable to such Interest Period.&#160; In the event that such rate is not available at such time for any reason, then the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
          font-weight: bold;">LIBO Rate</font>&#8221; with respect to such LIBOR Loan for such Interest Period shall be the rate at which U.S. Dollar deposits in amounts and for a maturity comparable to such Interest Period are offered by the principal London
        office of the Bank in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-11-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">LIBOR Loan</font>&#8221; means a Loan denominated in U.S.
        Dollars which bears interest at a rate based upon the LIBO Rate.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Lien</font>&#8221; means, with respect to any asset, (a)
        any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement
        (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset, and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Loan</font>&#8221; means an advance made by the Bank to the
        Borrower pursuant to this Agreement by way of a Bankers&#8217; Acceptance, LIBOR Loan, Canadian Prime Rate Loan or U.S. Base Rate Loan.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Loan Documents</font>&#8221; means this Agreement, any
        promissory note and any other agreement, instrument or other document executed in connection therewith.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Material Adverse Effect</font>&#8221; means a material
        adverse effect on (a) the business, assets, operations or financial condition of the Borrower and its subsidiaries taken as a whole, (b) the ability of the Borrower to perform any of its obligations under this Agreement or any other Loan Document,
        or (c) the rights of or benefits available to the Bank under this Agreement or any other Loan Document.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Material Subsidiary</font>&#8221; means Algonquin Power
        Co., Liberty Utilities Co. and any other subsidiary of the Borrower, the assets of which are equal to or in excess of 5% of the gross book value, before depreciation, of the consolidated property, plant and equipment (before depreciation) of the
        Borrower as of the time of calculation, and &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Material Subsidiaries</font>&#8221; means all of them.&#160; Schedule 1.01, which lists the Material Subsidiaries as of the November
        19, 2012, shall be updated by the Borrower on an annual basis and delivered with the Compliance Certificate for the audited annual financial statements of the Borrower referred to in Section 5.01(a).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Maturity Date</font>&#8221; means, with respect to the
        Revolving Credit Facility only and, for certainty, not to the Bulge Facility, November 19, 2019, or such later date to which the same may be extended pursuant to the terms of Section 2.17 of this Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Non-Financial Letter of Credit</font>&#8221; means a Letter
        of Credit that is not a Financial Letter of Credit.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Non-Recourse Debt</font>&#8221; means any Indebtedness of a
        subsidiary of the Borrower used to finance the creation, development, acquisition, construction, operation, maintenance and/or expansion of (a) any Power Generation Facility, or (b) any assets used in connection with the business and operation of
        Liberty Utilities Co. and its subsidiaries as currently conducted (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">APUC Non-Recourse Assets</font>&#8221;), including any operating financing provided in
        conjunction therewith; provided that (i) recourse and security with respect to such Indebtedness shall be limited solely to the assets comprising the applicable APUC Non-Recourse Assets and a pledge of any Equity Interests of the subsidiary of the
        Borrower that directly owns such APUC Non-Recourse Assets, and (ii) no guarantees shall be provided by the Borrower or any other subsidiary of the borrower in connection with such Indebtedness.</font></div>
    <div><br>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-12-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Non-Recourse Entity</font>&#8221; means a corporation,
        partnership or other entity in which the Borrower or any of its subsidiaries holds an Equity Interest and which is formed solely for the purpose of developing, acquiring, constructing, operating, maintaining and/or owning specific assets that are
        financed by way of Non-Recourse Debt.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Obligations</font>&#8221; means all unpaid principal and
        accrued and unpaid interest on the Loans, the LC Exposure, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations of the Borrower to the Bank arising under the Loan Documents.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Odell Wind Project</font>&#8221; means the 200MW wind
        energy generation project to be located in Cottonwood, Jackson, Martin, and Watonwan Counties, Minnesota.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Off-Balance Sheet Liability</font>&#8221; of a Person means
        (i) any obligation under a sale and leaseback transaction which is not a Capital Lease Obligation, (ii) any so-called &#8220;synthetic lease&#8221; or &#8220;tax ownership operating lease&#8221; transaction entered into by such Person, (iii) the amount of obligations
        outstanding under the legal documents entered into as part of any asset securitization or similar transaction on any date of determination that would be characterized as principal if such asset securitization or similar transaction were structured
        as a secured lending transaction rather than as a purchase, or (iv) any other transaction (excluding operating leases for purposes of this clause (iv)) which is the functional equivalent of or takes the place of borrowing but which does not
        constitute a liability on the balance sheet of such Person; in all of the foregoing cases, calculated based on the aggregate outstanding amount of obligations outstanding under the legal documents entered into as part of any such transaction on any
        date of determination that would be characterized as principal if such transaction were structured as a secured lending transaction, whether or not shown as a liability on a consolidated balance sheet of such Person, in a manner reasonably
        satisfactory to the Bank.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Other Taxes</font>&#8221; means any present or future
        stamp, court, documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or from the receipt or perfection of a security interest
        under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Taxes imposed with respect to an assignment.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Person</font>&#8221; means any natural person, corporation,
        limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Plan</font>&#8221; means any employee pension benefit plan
        for employees of the Borrower or any of its subsidiaries that is subject to the funding requirements of applicable pension legislation in Canada, the United States or other jurisdiction.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Power Generation Facility</font>&#8221; means a power
        generation facility located in Canada or the United States and any ancillary transmission assets.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Rating Agencies</font>&#8221; means S&amp;P and DBRS, or
        such other rating agency or agencies as the Borrower and the Bank may agree upon, and &#8220;Rating Agency&#8221; means any one of the Rating Agencies.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Restricted Payment</font>&#8221; means any dividend or
        other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Borrower, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of
        the purchase, redemption, retirement, acquisition, cancellation or termination of any Equity Interests in the Borrower or any option, warrant or other right to acquire any Equity Interests in the Borrower.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-13-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Revolving Credit Exposure</font>&#8221; means the sum of
        the outstanding principal amount of the Bank's Loans and its LC Exposure under the Revolving Credit Facility.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Revolving Credit Facility</font>&#8221; means the revolving
        credit facility made available by the Bank to the Borrower pursuant to the terms of this Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">S&amp;P</font>&#8221; means Standard &amp; Poor&#8217;s Rating
        Services, a division of The McGraw-Hill Companies Inc. and its successors.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Senior Debt Rating</font>&#8221; means, on any day, the
        rating by a Rating Agency, in effect at the end of the day, of the Borrower&#8217;s senior long-term debt which is not secured or supported by a guarantee, letter of credit or other form of credit enhancement. If a Rating Agency is replaced with another
        Rating Agency or changes its system of classifications after the date hereof, the determination of the Applicable Rate shall be determined by reference to the new classifications most closely corresponding to the classifications previously used to
        determine the Applicable Rate.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Specified Non-Recourse Debt Projects</font>&#8221; means,
        collectively, the Amherst Wind Project, the Chaplin Wind Project, the Deerfield Wind Project, the Great Bay Solar Project, Odell Wind Project (including further borrowing under the existing U.S. $225,000,000 debt facility for the Odell Wind
        Project) and the Val Eo Wind Project.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Standby Fee</font>&#8221; has the meaning assigned to it in
        Section 2.10.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">subsidiary</font>&#8221; means, with respect to any Person
        (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">parent</font>&#8221;) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated
        with those of the parent in the parent's consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or
        other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of
        such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Subsidiary</font>&#8221; means each subsidiary of the
        Borrower, other than Liberty Utilities Co., Algonquin Power Co., AAGES (AY Holdings) B.V. and their respective subsidiaries.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Swap Agreement</font>&#8221; means any agreement with
        respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or
        pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services
        provided by current or former directors, officers, employees or consultants of the Borrower or any of its subsidiaries shall be a Swap Agreement.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-14-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Taxes</font>&#8221; means any and all present or future
        taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges&#160; imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Tranche B Bridge Facility</font>&#8221; means the U.S.
        $1,065,000,000 &#8220;Tranche B Bridge Facility&#8221; (as that term is defined in the Summary of Terms and Conditions attached as Exhibit B to the Bridge Facilities Commitment Letter).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Transactions</font>&#8221; means the execution, delivery
        and performance by the Borrower of this Agreement, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Type</font>&#8221;, when used in reference to any Loan
        advanced pursuant to this Agreement, refers to a LIBOR Loan, U.S. Base Rate Loan, Bankers&#8217; Acceptance or Canadian Prime Rate Loan.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Base Rate</font>&#8221; means, on any day, the
        interest rate expressed as a percentage rate per annum calculated on the basis of a 365 day year, equal to the greater of:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div>
        <table cellspacing="0" cellpadding="0" id="z06249e35ce7b40a1ba66b54a5ceaf78d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 36pt;"><br>
              </td>
              <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the rate per annum announced by the Bank on that day as its reference rate of interest for the determination of the interest rates that it will charge to customers of
                    varying degrees of creditworthiness in Canada for U.S. Dollar commercial loans made by it in Canada, and</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div>
        <table cellspacing="0" cellpadding="0" id="z452b787ce0ba4e339146077544eada29" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

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              <td style="width: 36pt;"><br>
              </td>
              <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the sum of: (i) the Federal Funds Effective Rate, and (ii) 1.00% per annum,</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">in each case adjusted automatically with each announced, displayed or quoted change in such rate without the necessity of notice to the Borrower or any
        other Person.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Base Rate Loan</font>&#8221; means a Loan in U.S.
        Dollars bearing interest based on the U.S. Base Rate.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Dollars</font>&#8221; and &#8220;<font style="font-size:
          10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. $</font>&#8221; mean lawful money of the United States of America.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Upfront Fee</font>&#8221; means the fee payable upon
        execution of this Agreement and which is equal to 22.5 basis points of the Commitment Amount.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#8220;Val-Eo Wind Project</font>&#8221; means the multi-phase 24
        MW wind energy generation project located in the municipality of Saint-Gideon de Grandmont, Quebec.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.02.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Classification of Loans</u></font>.&#160; For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a &#8220;U.S. Base Rate Loan&#8221; advance).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.03.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Terms Generally</u></font>.&#160; The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.&#160; Whenever the context may require, any pronoun shall include the corresponding masculine,
        feminine and neuter forms.&#160; The words &#8220;include&#8221;, &#8220;includes&#8221; and &#8220;including&#8221; shall be deemed to be followed by the phrase &#8220;without limitation&#8221;.&#160; The word &#8220;will&#8221; shall be construed to have the same meaning and effect as the word &#8220;shall&#8221;.&#160; Unless the
        context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or
        otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person's successors and assigns, (c) the words &#8220;herein&#8221;,
        &#8220;hereof&#8221; and &#8220;hereunder&#8221;, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be
        construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, and (e) the words &#8220;asset&#8221; and &#8220;property&#8221; shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible
        assets and properties, including cash, securities, accounts and contract rights.</font></div>
    <div><br>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-15-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.04.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Accounting Terms; GAAP</u></font>.&#160; Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the
        Borrower notifies the Bank that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the
        Bank notifies the Borrower that the Bank requests an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be
        interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.&#160; Notwithstanding any other provision
        contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Financial Accounting Standards
        Board Accounting Standards Codification 825 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any of its subsidiaries at &#8220;fair value&#8221;, as defined
        therein.&#160; For purposes of any covenants hereunder, any acquisition or any sale or other disposition outside the ordinary course of business by the Borrower or any of its subsidiaries of any asset or group of related assets in one or a series of
        related transactions, the net proceeds from which exceed CDN $1,000,000, including the incurrence of any Indebtedness and any related financing or other transactions in connection with any of the foregoing, occurring during the period for which
        such ratios are calculated shall be deemed to have occurred on the first day of the relevant period for which such ratios were calculated on a pro forma basis acceptable to the Bank.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.05.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Currency</u></font>.&#160; All Loans that are: (a) Canadian Prime Rate Loans or Bankers&#8217; Acceptances shall only be denominated in Canadian Dollars, and (b) U.S. Base Rate Loans or LIBOR Loans in U.S. Dollars shall only be or remain
        denominated in U.S. Dollars; and any Loans denominated in such currencies shall be repayable, and all interest and fees in respect thereof or in connection therewith shall accrue and be payable, by the Borrower in like currencies.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.06.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Time</u></font>.&#160; Time shall be on the essence in this Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 1.07.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Schedules and Exhibits</u></font>.&#160; The Schedules and Exhibits annexed hereto are hereby incorporated herein as a part of this Agreement with the same effect as if set forth in the body hereof.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-16-</font></div>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ARTICLE II</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>The Credits</u></font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.01.</font> &#160; <font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Commitment Amount</u></font>.&#160; Subject to the terms and conditions set forth herein, the Bank agrees to make (a) Loans to, and issue Letters of Credit for, the Borrower from time to time during the Availability Period in an
        aggregate principal amount that will not result in the Revolving Credit Exposure exceeding One Hundred Sixty Five Million Canadian Dollars (CDN$165,000,000) or the U.S. Dollar equivalent thereof, and (b) a single Loan to the Borrower during the
        Bulge Facility Availability Period in an aggregate principal amount that will not result in the Bulge Credit Exposure exceeding Four Hundred Million Canadian Dollars (CDN$400,000,000) or the U.S. Dollar equivalent thereof.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.02.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Loans</u></font>. The Bank agrees to make Loans to the Borrower in accordance with the following:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">In no event may (i) the aggregate
        principal amount of the Revolving Credit Exposure exceed the amount of One Hundred Sixty Five Million Canadian Dollars (CDN$165,000,000) or the U.S. Dollar equivalent thereof or the LC Exposure exceed the amount of Forty Million Canadian Dollars
        (CDN$40,000,000) or the U.S. Dollar equivalent thereof, and (ii) the aggregate principal amount of the Bulge Credit Exposure exceed the amount of Four Hundred Million Canadian Dollars (CDN$400,000,000) or the U.S. Dollar equivalent thereof.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Subject to the terms of this
        Agreement, the commitment of (i) the Revolving Credit Facility hereunder is available from the date hereof to the Maturity Date, and the Borrower may borrow, repay and re-borrow at any time prior to the Maturity Date, and (ii) the Bulge Facility
        hereunder is only available during the Bulge Facility Availability Period by way of a single advance which may not be re-borrowed. The commitment to extend the Revolving Credit Facility hereunder shall expire on the expiry of the Availability
        Period. The commitment to extend the Bulge Facility shall expire on the expiry of the Bulge Facility Availability Period.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Any outstanding Loans and all
        other unpaid Obligations shall be paid in full by the Borrower on the expiry of the Availability Period, with the exception of the Loan made pursuant to the Bulge Facility which shall be paid by the Borrower in full no later than the expiry of the
        Bulge Facility Availability Period.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The advances on the Revolving
        Credit Facility may be (i) Canadian Prime Rate Loans, (ii) Bankers&#8217; Acceptances, (iii) U.S. Base Rate Loans, (iv) LIBOR Loans, or (v) Letters of Credit, as selected by the Borrower.&#160; The single advance under the Bulge Facility shall be made by way
        of LIBOR Loan<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower shall select the
        Type of Loan at the time of each request and, in the case of Bankers&#8217; Acceptances, the BA Period applicable thereto, from time to time.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Canadian Prime Rate Loans made
        pursuant to the Revolving Credit Facility shall continue as Canadian Prime Rate Loans, unless and until such Canadian Prime Rate Loans are either converted into Bankers&#8217; Acceptances or are repaid.&#160; U.S. Base Rate Loans shall continue as U.S. Base
        Rate Loans unless and until such U.S. Base Rate Loans are either converted into LIBOR Loans or are repaid.&#160; Each Bankers&#8217; Acceptance shall continue as a Bankers&#8217; Acceptance until the end of the then applicable BA Period therefor, at which time such
        Bankers&#8217; Acceptance shall be automatically converted into a Canadian Prime Rate Loan unless (x) such Bankers&#8217; Acceptance is repaid, or (y) the Borrower shall have given the Bank a Conversion/Continuation Notice (as defined below) requesting that,
        at the end of such BA Period, such Bankers&#8217; Acceptance will continue as a Bankers&#8217; Acceptance for the requested BA Period.&#160; The Borrower may elect from time to time to convert all or any part of a Canadian Prime Rate Loan into a Bankers&#8217;
        Acceptance.&#160; The Borrower shall give the Bank irrevocable notice (a &#8220;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Conversion/Continuation Notice</font>&#8221;) of each conversion of a Canadian Prime Rate
        Loan into a Bankers&#8217; Acceptance, or continuation of a Bankers&#8217; Acceptance, not later than 11:00 a.m. (Toronto time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-17-</font></div>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">the requested date, which shall be a Business Day, of
        such conversion or continuation,</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">the aggregate amount and Type of the Loan which is
        to be converted or continued, and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">the amount of such Loan which is to be converted or
        continued as a Bankers&#8217; Acceptance, and the duration of the BA Period applicable thereto.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">For a conversion of a Canadian Prime Rate Loan into a Bankers&#8217; Acceptance, the Borrower shall pay to the Bank, the amount by which the aggregate principal
        amount of the Canadian Prime Rate Loan being requested to be converted pursuant to the applicable Conversion/Continuation Notice exceeds the aggregate amount of the BA Discount Proceeds for such Bankers&#8217; Acceptance.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Each Loan made as a Bankers'
        Acceptance or a LIBOR Loan shall be in the minimum aggregate amount of $500,000 (and in multiples of $100,000 if in excess thereof).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower may from time to
        time repay, without penalty or premium, any outstanding Loan, except that Bankers&#8217; Acceptances and LIBOR Loans may not be paid prior to the end of the applicable BA Period or Interest Period.&#160; The Borrower shall provide to the Bank three (3)
        Business Days advance notice of repayment.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Each Canadian Prime Rate Loan
        shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made or is converted to but excluding the date it becomes due or is converted, at a rate per annum equal to the sum of the
        Canadian Prime Rate plus the Applicable Rate for such day.&#160; Changes in the rate of interest on that portion of any Loan maintained as a Canadian Prime Rate Loan will take effect simultaneously with each change in the Canadian Prime Rate. Each US
        Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made or is converted to but excluding the date it becomes due or is converted, at a rate per annum equal to the
        sum of the US Base Rate plus the Applicable Rate for such day.&#160; Changes in the rate of interest on that portion of any Loan maintained as a US Base Rate Loan will take effect simultaneously with each change in the US Base Rate.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(j)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">During the continuance of an
        Event of Default, the Bank may, at its option, by written notice to the Borrower (which notice may be revoked at the option of the Bank), declare that each Canadian Prime Rate Loan shall bear interest at the then applicable rate plus 2% per annum.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-18-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(k)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">All payments of the Obligations
        hereunder shall be made, without setoff, deduction, or counterclaim, in immediately available funds to the Bank at the Bank&#8217;s address specified herein, by 12:00 p.m. (Toronto time) on the date when due.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(l)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;">(i)</font>&#160;&#160;&#160;&#160;&#160; The Bank shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to the Bank resulting from each Loan made by the Bank from
        time to time, including the amounts of principal and interest payable and paid to the Bank from time to time hereunder.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">The Bank will record (a) the amount of each Loan made
        hereunder, the Type thereof and, if applicable, the Interest Period or BA Period with respect thereto, (b) the amount of any principal or interest due and payable or to become due and payable from the Borrower hereunder, as well as the original
        stated amount of each Letter of Credit and the amount of the LC Exposure outstanding at any time, and (c) the amount of any sum received by the Bank hereunder from the Borrower.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">The entries maintained in the accounts maintained by
        the Bank pursuant to paragraphs (i) and (ii) above shall be prima facie evidence of the existence and amounts of the Obligations therein recorded; provided, however, that the failure of the Bank to maintain such accounts or any error therein shall
        not in any manner affect the obligation of the Borrower to repay the Obligations in accordance with their terms.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(m)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower shall not be entitled
        to request, or to elect to convert or continue, any Loan if the Interest Period requested with respect thereto would end after the Maturity Date. For certainty, the Loan made under the Bulge Facility may only be converted or continued prior to the
        Bulge Facility Maturity Date.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.03.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Requests for Loans</u></font>.&#160; To request a Loan, the Borrower shall notify the Bank of such request (a) in the case of a LIBOR Loan, by not later than 1:00 p.m., Toronto time, three (3) Business Days before the date of the
        proposed Loan, or (b) in the case of any Loan other than LIBOR Loan, by not later than 11:00 a.m., Toronto time, on the date of the proposed Loan (a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Borrowing
          Request</font>&#8221;).&#160; Each Borrowing Request shall be irrevocable and shall be advised by personal delivery or electronic delivery to the Bank (in the manner advised by the Bank, from time to time) of a written Borrowing Request in the form attached
        hereto as Exhibit A.&#160; Each Borrowing Request shall specify the following information in compliance with Section 2.02:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">the aggregate amount of the requested Loan;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">the date of such Loan, which shall be a Business
        Day;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">the Type of such Loan;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of a BA Loan, the initial BA Period to be
        applicable thereto, which shall be a period contemplated by the definition of the term &#8220;BA Period&#8221;;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of a LIBOR Loan, the initial Interest
        Period to be applicable thereto, which shall be a period contemplated by the definition of the term &#8220;Interest Period&#8221;;</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-19-</font></div>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vi)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">the location and number of the Borrower&#8217;s account to
        which funds are to be disbursed, which shall comply with the requirements of Section 2.05; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vii)</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">whether the requested Loan shall be made pursuant to
        the Revolving Credit Facility or the Bulge Facility.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">If no election as to the Type of Loan is specified, then the requested Loan shall be a Canadian Prime Rate Loan.&#160; If no BA Period is specified with respect
        to any requested BA Loan, then the Borrower shall be deemed to have selected an Interest Period of one month's duration.&#160; If no Interest Period is specified with respect to any requested LIBOR Loan, then the Borrower shall be deemed to have
        selected an Interest Period of one month's duration.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.04.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Letters of Credit</u></font>.&#160; (a)&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>General</u></font>.&#160; Subject to the terms and conditions set forth herein, the Borrower may request the issuance of Letters of
        Credit denominated in Canadian Dollars or U.S. Dollars as the applicant thereof for the support of its or its subsidiaries&#8217; obligations, in a form reasonably acceptable to the Bank, at any time and from time to time during the Availability Period.&#160;
        In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the
        Bank in connection with any Letter of Credit, the terms and conditions of this Agreement shall control.&#160; The Borrower shall pay the Bank the Letter of Credit Fee for the issuance and renewal of each Letter of Credit issued for its account under the
        Revolving Credit Facility.&#160; The Letter of Credit Fee shall be payable quarterly in arrears in the currency in which the Letter of Credit has been issued.&#160; In addition, the Borrower shall also pay the Bank, for its own account, its customary charges
        and other standard administrative charges in respect of any amendment, transfer or renewal of the Letter of Credit or any drawings thereunder.&#160; The Letter of Credit Fee for a Letter of Credit shall equal the greater of (i) $250 (in the currency of
        the Letter of Credit); or (ii) the amount of the Letter of Credit Fee determined in accordance with the provisions of this Agreement.&#160; All adjustments in respect of the Letter of Credit Fee paid in respect of the Letter of Credit shall be payable
        by the Borrower to the Bank on or prior to the second Business Day following the date on which the Borrower gives notice of the adjustment to the Borrower.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Notice of Issuance, Amendment, Renewal, Extension; Certain&#160; Conditions</u></font>. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of
        Credit), the Borrower shall hand deliver or telecopy or transmit by electronic communication to the Bank (reasonably in advance of the requested date of issuance, amendment, renewal or extension, but in any event no less than three Business Days) a
        notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which
        such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend,
        renew or extend such Letter of Credit. If requested by the Bank, the Borrower also shall submit a letter of credit application on the Bank&#8217;s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued,
        amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i)
        the outstanding amount of the Letters of Credit shall not exceed Forty Million Canadian Dollars (CDN$40,000,000), or the U.S. Dollar equivalent thereof, and (ii) the sum of the total LC Exposures together with the outstanding amount of the Loans
        shall not exceed the Commitment Amount.</font></div>
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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Expiration Date</u></font>.&#160; Each Letter of Credit shall expire (or be subject to termination by notice from the Bank to the beneficiary thereof) at or prior to the close of business on the date
        twelve (12) months after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, twelve (12) months after such renewal or extension).&#160; For certainty, the Bank will make available &#8220;evergreen&#8221; Letters
        of Credit that are renewable annually at the option of the Bank and which may have a final maturity date that is later than the Maturity Date provided that such unexpired Letters of Credit will be required to be cash collateralized, on the terms
        provided in Section 2.04(h), as at the Maturity Date.&#160; The procedure described in Section 2.04(h) shall apply to such cash collateral, <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">mutatis mutandi</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Reimbursement</u></font>.&#160; If the Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Bank an amount equal to such
        LC Disbursement not later than 12:00 p.m., Toronto time, on the date that such LC Disbursement is made, if the Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., Toronto time, on such date, or, if such notice has not
        been received by the Borrower prior to such time on such date, then not later than 12:00 p.m., Toronto time, on (i) the Business Day that the Borrower receives such notice, if such notice is received prior to 10:00 a.m., Toronto time, on the day of
        receipt, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that the Borrower may, subject to the conditions to borrowing
        set forth herein, request that such payment be financed with a Loan in an equivalent amount and, to the extent so financed, the Borrower's obligation to make such payment shall be discharged and replaced by the resulting Loan.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Obligations Absolute</u></font>.&#160; The Borrower's obligation to reimburse LC Disbursements as provided in paragraph (d) of this Section shall be absolute, unconditional and irrevocable, and shall be
        performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein,
        (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the Bank under a Letter of Credit
        against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions
        of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower's obligations hereunder.&#160; The Bank shall not have any liability or responsibility by reason of or in connection with the issuance or
        transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or
        delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes
        beyond the control of the Bank; provided that the foregoing shall not be construed to excuse the Bank from liability to the Borrower to the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in
        respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by the Bank's failure to exercise care when determining whether drafts and other documents presented under a
        Letter of Credit comply with the terms thereof.&#160; The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of the Bank (as finally determined by a court of competent jurisdiction), the Bank shall
        be deemed to have exercised care in each such determination.&#160; In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial
        compliance with the terms of a Letter of Credit, the Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or
        refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.</font></div>
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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Disbursement Procedures</u></font>.&#160; The Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit.&#160; The Bank
        shall promptly notify the Borrower of such demand for payment and whether the Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its
        obligation to reimburse the Bank with respect to any such LC Disbursement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Interim Interest</u></font>.&#160; If the Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid
        amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Canadian Prime Rate
        Loans or U.S. Base Rate Loans as applicable as to the currency.&#160; Interest accrued pursuant to this paragraph shall be for the account of the Bank.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Cash Collateralization</u></font>.&#160; If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the Bank pursuant to section 7.02(c)(i) demanding
        the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in an account with the Bank, in the name of and for the benefit of the Bank, such that the Bank shall have a first and exclusive interest in the account and the
        funds deposited therein with the right forthwith and with notice to hold such funds against and to apply such funds to reimburse for any draw on the unexpired Letters of Credit, an amount in cash equal to the LC Exposure as of such date plus any
        accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the
        occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of Article VII.&#160; Such deposit shall be held by the Bank as collateral for the payment and performance of the obligations of the Borrower under this
        Agreement.&#160; The Bank shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account.&#160; Other than any interest earned on the investment of such deposits, which investments shall be made at the option and
        sole discretion of the Bank and at the Borrower's risk and expense, such deposits shall not bear interest.&#160; Interest or profits, if any, on such investments shall accumulate in such account.&#160; Moneys in such account shall be applied by the Bank to
        reimburse LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans
        has been accelerated, be applied to satisfy other obligations of the Borrower under this Agreement.&#160; If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to
        the extent not applied as aforesaid) shall be returned to the Borrower within three (3) Business Days after any Event of Default has been cured or waived.</font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.05.&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Bankers&#8217; Acceptances</u></font>.&#160; Loans will be provided based upon the BA Discount Rate as a Banker&#8217;s Acceptance and the following terms will apply:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Each Draft tendered by the
        Borrower for acceptance by the Bank hereunder shall be denominated in Canadian Dollars, shall be payable in Canada, shall be in denomination of not less than $500,000 and $100,000 increments thereon, and shall have a term of between thirty (30) and
        one hundred eighty (180) days as selected by the Borrower in accordance with the terms of this Agreement (the &#8220;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">BA Period</font>&#8221;).&#160; Notwithstanding any
        other provision herein to the contrary, the Bank shall have no obligation to accept any Draft having a term of less than thirty (30) or more than one hundred eighty (180) days.&#160; The Borrower acknowledges that the Bank may require the delivery of
        Drafts which are in conformity with the rules and procedures of a clearing house (as that term is defined in the <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">Depository Bills and Notes Act</font>
        (Canada)) used by the Bank for the delivery, transfer and collection of bankers&#8217; acceptances and depository bills.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Upon presentation of one or more
        Drafts for acceptance, the Borrower shall pay to the Bank the Acceptance Fee applicable to the Bankers' Acceptance, the Bank shall advance to or to the order of the Borrower a Loan in the form of a Bankers' Acceptance an amount equal to the face
        amount of such Draft or Drafts discounted at the applicable BA Discount Rate being the BA Discount Proceeds.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower shall provide for
        each accepted Draft at its maturity at the Bank's main branch in Toronto, Ontario, the city where such Draft is payable, either by payment of the full principal amount thereof or through utilization of the Revolving Credit Facility in accordance
        with this Agreement or through a combination thereof.&#160; In particular, but without limitation, for purposes of determining the maximum available amount of credit, at any time, the face amount of the Bankers' Acceptance shall be utilized, and the
        Borrower may not at any time request that any Bankers' Acceptance be issued if the face amount of such requested Bankers' Acceptance together with the aggregate outstanding principal would exceed the Commitment Amount.&#160; Any amount owing by the
        Borrower in respect of any Bankers' Acceptance which is not paid or provided for in accordance with the foregoing shall be deemed to be a Canadian Prime Rate Loan owing by the Borrower to the Bank and shall be subject to all of the provisions of
        this Agreement applicable to a Canadian Prime Rate Loan (until the same is converted to a Loan of another type pursuant to the provisions hereof).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Upon an acceleration of the
        Obligations in accordance with the terms hereof, the Borrower shall forthwith pay to the Bank an amount equal to the Bank's maximum potential liability under all such outstanding Bankers' Acceptances.&#160; Such amount shall be held by the Bank as
        general and continuing cash collateral for payment of the indebtedness and liability of the Borrower to the Bank in respect of the Bankers' Acceptances and the Bank shall be entitled to apply such cash collateral to pay the entire balance of the
        Borrower&#8217;s Obligations in respect of the Bankers&#8217; Acceptances at the maturity thereof.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">To facilitate the acceptance of
        Bankers&#8217; Acceptances hereunder, the Borrower hereby authorizes the Bank and irrevocably appoints the Bank as its attorney, respectively:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">to complete and sign on the Borrower&#8217;s behalf, either
        manually or by facsimile or mechanical signature, the Drafts to create the Bankers&#8217; Acceptances (with, in the Bank's discretion, the inscription &#8220;This is a depository bill subject to the <font style="font-size: 10pt; font-family: 'Times New
          Roman'; font-style: italic;">Depository Bills and Notes Act</font> (Canada)&#8221;);</font></div>
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    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">after the acceptance thereof by the Bank, to endorse
        on behalf of the Borrower, either manually or by facsimile or mechanical signature, the Bankers&#8217; Acceptances in favour of the applicable purchaser or endorsee thereof including, in the Bank's discretion, a clearing house (as defined by the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Depository Bills and Notes Act</font> (Canada));</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">to deliver the Bankers&#8217; Acceptances to such
        purchaser or to deposit the Bankers&#8217; Acceptances with such clearing house; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">to comply with the procedures and requirements
        established from time to time by the Bank or such clearing house in respect of the delivery, transfer and collection of Bankers' Acceptances and depository bills.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">All Bankers&#8217; Acceptances so completed, signed, endorsed, delivered or deposited by the Bank on behalf of the Borrower shall be binding upon the Borrower as
        if completed, signed, endorsed, delivered or deposited by it.&#160; The records of the Bank and such clearing houses shall, in the absence of manifest error, be conclusively binding on the Borrower.&#160; The Bank shall not be liable for any claim arising by
        reason of any loss or improper use of such Drafts or Bankers&#8217; Acceptances except for damages suffered by the Borrower caused by the intentional misconduct or negligence of the Bank.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower shall not claim any
        days of grace for the payment at maturity of any Drafts presented and accepted as Bankers' Acceptances hereunder.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.06.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Interest Elections</u></font>.&#160; (a)&#160; Each Loan initially shall be of the Type specified in the applicable Borrowing Request.&#160; Thereafter, the Borrower may elect to convert such Loan to a different Type or to continue such Loan,
        all as provided in this Section.&#160; The Borrower may elect different options with respect to different portions of the affected Loan.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">To make an election pursuant to
        this Section, the Borrower shall notify the Bank of such election by delivery of a request in writing by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Loan of the Type resulting from such
        election to be made on the effective date of such election.&#160; Each such Interest Election Request shall be irrevocable.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Each Interest Election Request
        shall specify the following information in compliance with Section 2.02:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">the Loan to which such Interest Election Request
        applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Loan (in which case the information to be specified pursuant to clauses (iii), (iv) and (v) below
        shall be specified for each resulting Loan);</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">the effective date of the election made pursuant to
        such Interest Election Request, which shall be a Business Day;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">the Type of the resulting Loan;</font></div>
    <div><br>
    </div>
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    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">if the resulting Loan is a BA Loan, the BA Period to
        be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BA Period</font>&#8221;; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">if the resulting Loan is a LIBOR Loan, the Interest
        Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term &#8220;Interest Period&#8221;<font style="font-size: 10pt; font-family: 'Times New Roman';">.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">If the Borrower fails to deliver
        a timely Interest Election Request with respect to a LIBOR Loan or BA Loan prior to the end of the Interest Period or BA Period applicable thereto, then, unless such Loan is repaid as provided herein, at the end of such Interest Period such Loan
        shall be converted to a U.S. Base Rate Loan or Canadian Prime Rate Loan, as applicable.&#160; Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Bank so notifies the Borrower, then, so long as an
        Event of Default is continuing (i) no outstanding Loan may be converted to or continued as a LIBOR Loan or BA Loan, and (ii) unless repaid, each LIBOR Loan or BA Loan shall be converted to a U.S. Base Rate or Canadian Prime Rate Loan at the end of
        the Interest Period or BA Period applicable thereto.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.07.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Termination and Reduction of Commitment Amount/Increase of Commitment Amount</u></font>.&#160; (a)&#160; Unless previously terminated, the commitment to provide (i) the Revolving Credit Facility shall terminate on the Maturity Date, and
        (ii) the Bulge Facility shall terminate on the Bulge Facility Maturity Date<font style="font-size: 10pt; font-family: 'Times New Roman';">.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower may at any time
        terminate, or from time to time reduce, the Commitment Amount; provided that each reduction of the Commitment Amount shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower shall notify the
        Bank of any election to terminate or reduce the Commitment Amount under paragraph (b) of this Section at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date
        thereof.&#160; Each notice delivered by the Borrower pursuant to this Section shall be irrevocable.&#160; Any termination or reduction of the Commitment Amount shall be permanent.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.08.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Repayment of Loans; Evidence of Debt</u></font>.&#160; (a)&#160; The Borrower hereby unconditionally promises to pay to the Bank the then unpaid principal amount of each Loan on the Maturity Date, except that the unpaid principal amount of
        the Loan made pursuant to the Bulge Facility which shall be paid by the Borrower on the Bulge Facility Maturity Date<font style="font-size: 10pt; font-family: 'Times New Roman';">.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Bank shall maintain in
        accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to the Bank resulting from each Loan made by the Bank, including the amounts of principal and interest payable and paid to the Bank from time to
        time hereunder.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Bank shall maintain accounts
        in which it shall record (i) the amount of each Loan made hereunder, the Type thereof and the Interest Period or BA Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the
        Borrower to the Bank hereunder, and (iii) the amount of any sum received by the Bank hereunder.</font></div>
    <div><br>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-25-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The entries made in the accounts
        maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of the Bank to maintain such accounts or any error therein shall
        not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.09. &#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Prepayment of Loans</u></font>.&#160; (a)&#160; The Borrower shall have the right at any time and from time to time to prepay any Loan other than a LIBOR Loan or a Bankers' Acceptance in whole or in part, subject to prior notice in
        accordance with paragraph (b) of this Section. At any time except during the Bulge Facility Availability Period, if the sum of the total Revolving Credit Exposures exceeds the Commitment Amount by 105% at any time, solely as a result of currency
        fluctuations or otherwise, the Borrower shall promptly prepay the Loans (or cash collateralize Letters of Credit if all Loans are prepaid and any such excess still exists) by the amount of such excess. During the Bulge Facility Availability Period
        only, if the sum of the Revolving Credit Exposures and the Bulge Revolving Credit Exposure exceeds the Commitment Amount by 105% at any time, solely as a result of currency fluctuations or otherwise, the Borrower shall promptly prepay the Loans (or
        cash collateralize Letters of Credit if all Loans are prepaid and any such excess still exists) by the amount of such excess<font style="font-size: 10pt; font-family: 'Times New Roman';">.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower shall notify the
        Bank in writing of any prepayment hereunder (i) in the case of prepayment of a LIBOR Loan, not later than 11:00 a.m., Toronto time, three (3) Business Days before the date of prepayment, (ii) in the case of prepayment of a Loan, not later than
        11:00 a.m., Toronto time, one (1) Business Day before the date of prepayment.&#160; Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan or portion thereof to be prepaid.&#160; Each partial
        prepayment of any Loan shall be in an amount that would be permitted in the case of an advance of a Loan of the same Type as provided in Section 2.02.&#160; Prepayments shall be accompanied by accrued interest to the extent required by Section 2.11.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Unless the outstanding principal
        amount of the Loan made under the Bulge Facility is prepaid at an earlier date, the Borrower shall cause the outstanding principal amount of the Loan made under the Bulge Facility to be prepaid in full forthwith from proceeds of that certain U.S.
        $305 million margin loan agreement dated on or about November 28, 2018 between Abengoa-Algonquin Global Energy Solutions B.V., as borrower, AAGES (AY Holdings) B.V., as pledgor, the lenders party thereto, and Morgan Stanley Senior Funding, Inc., as
        administrative agent.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.10.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Standby Fees</u></font>.&#160; (a)&#160; The Borrower agrees to pay to the Bank a standby fee, which shall accrue at the Applicable Rate on the daily amount of the undrawn Commitment Amount during the period from and including the date
        hereof to but excluding the date on which the Applicability Period expires (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Standby Fee</font>&#8221;).&#160; Accrued Standby Fees shall be payable in arrears on the last
        day of March, June, September and December of each year and on the date on which the Availability Period expires, commencing on the first such date to occur after the date hereof.&#160; All Standby Fees shall be computed on the basis of a year of 365
        days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower agrees to pay to the
        Bank, for its own account, any fees payable in the amounts and at the times agreed upon between the Borrower and the Bank.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-26-</font></div>
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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">All fees payable hereunder shall
        be paid on the dates due, in immediately available funds, to the Bank.&#160; Fees paid shall not be refundable under any circumstances.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.11. &#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Interest</u></font>.&#160; (a)&#160; Interest on Loans, other than LIBOR Loans and Bankers&#8217; Acceptances, shall be payable on the Interest Payment Date.&#160; If any principal of or interest on any Loan or any fee or other amount payable by the
        Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall, at the option of the Bank, bear interest, after as well as before judgment, at a rate per annum equal to 2% plus the
        rate otherwise applicable.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Accrued interest on each Loan
        shall be payable in arrears on each Interest Payment Date for such Loan and upon termination of the Commitment Amount; provided that (i) in the event of any repayment or prepayment of any Loan, accrued interest on the principal amount repaid or
        prepaid shall be payable on the date of such repayment or prepayment, and (ii) in the event of any conversion of any LIBOR Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the
        effective date of such conversion.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Canadian Prime Rate, the BA
        Discount Rate and the U.S. Base Rate shall be computed on the basis of a year of 365/366 days.&#160; The LIBO Rate shall be calculated on the basis of a year of 360 days.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">For purposes of the <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-style: italic;">Interest Act</font> (Canada) and disclosure thereunder, whenever any interest or any fee to be paid hereunder or in connection herewith is to be calculated on
        the basis of a 360-day or 365-day year, the yearly rate of interest to which the rate used in such calculation is equivalent is the rate so used multiplied by the actual number of days in the calendar year in which the same is to be ascertained and
        divided by 360 or 365, as applicable.&#160; The rates of interest specified in this Agreement are nominal rates, and not effective rates or yields.&#160; The principle of deemed reinvestment of interest does not apply to any interest calculation under this
        Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">If any provision of this
        Agreement would oblige the Borrower to make any payment of interest or other amount payable to the Bank in an amount or calculated at a rate which would be prohibited by applicable law or would result in a receipt by the Bank of &#8220;interest&#8221; at a
        &#8220;criminal rate&#8221; (as such terms are construed under the Criminal Code (Canada)), then, notwithstanding such provision, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as
        the case may be, as would not be so prohibited by applicable law or so result in a receipt by the Bank of &#8220;interest&#8221; at a &#8220;criminal rate&#8221;, such adjustment to be effected, to the extent necessary (but only to the extent necessary), as follows: (i)
        first, by reducing the amount or rate of interest or the amount or rate of any Acceptance Fee required to be paid to the Bank, and (ii) thereafter, by reducing any fees, commissions, costs, expenses, premiums and other amounts required to be paid
        to the Bank that would constitute interest for purposes of section 347 of the Criminal Code (Canada).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.12.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Alternate Rate of Interest</u></font>.&#160; If, prior to the commencement of any Interest Period for a LIBOR Loan, the Bank determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means
        do not exist for ascertaining the LIBO Rate or the market for so ascertaining or issuing LIBOR Rate Loans is disrupted for such Interest Period, then the Bank shall give notice thereof to the Borrower as promptly as practicable thereafter and,
        until the Bank notifies the Borrower that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Loan to, or continuation of any Loan as, a LIBOR Loan shall be
        ineffective, and (ii) if any Borrowing Request requests a LIBOR Loan, such Loan shall be made as an U.S. Base Rate Loan.</font></div>
    <div><br>
    </div>
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    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.13.&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Increased Costs</u></font>.&#160; (a)&#160; If any Change in Law shall:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">impose, modify or deem applicable any reserve,
        special deposit or similar requirement (including any compulsory loan requirement, insurance charge or other assessment) against assets of, deposits with or for the account of, or credit extended by, the Bank; or</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">subject the Bank to any Taxes (other than
        Indemnified Taxes and Excluded Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">impose on the Bank or the London interbank market
        any other condition, cost or expense (other than Taxes) affecting this Agreement or LIBOR Loans made by the Bank or any Letter of Credit or participation therein;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">and the result of any of the foregoing shall be to increase the cost to the Bank of making or maintaining any Loan (or of maintaining its obligation to
        make any such Loan) or to increase the cost to the Bank of issuing or maintaining any Loan or Letter of Credit or to reduce the amount of any sum received or receivable by the Bank hereunder (whether of principal, interest or otherwise), then the
        Borrower will pay to the Bank such additional amount or amounts as will compensate the Bank for such additional costs incurred or reduction suffered.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">If the Bank determines that any
        Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on the Bank's capital as a consequence of this Agreement or the Loans made by or Letters of Credit issued by the Bank to a level
        below that which the Bank could have achieved but for such Change in Law (taking into consideration the Bank's policies with respect to capital adequacy and liquidity), then from time to time the Borrower will pay to the Bank such additional amount
        or amounts as will compensate the Bank for any such reduction suffered.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">A certificate of the Bank setting
        forth the amount or amounts necessary to compensate the Bank as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest error.&#160; The Borrower shall pay the Bank the amount shown as
        due on any such certificate within ten (10) days after receipt thereof.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Failure or delay on the part of
        the Bank to demand compensation pursuant to this Section shall not constitute a waiver of the Bank's right to demand such compensation; provided that the Borrower shall not be required to compensate the Bank pursuant to this Section for any
        increased costs or reductions incurred prior to the date that the Bank notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of the Bank's intention to claim compensation therefor.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.14.</font>&#160; <font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Break Funding Payments</u></font><font style="font-size: 10pt; font-family: 'Times New Roman';">.</font>&#160; In the event of (a) the payment of any principal of any LIBOR Loan other than on the last day of the Interest Period
        applicable thereto (including as a result of an Event of Default), (b) the conversion of any LIBOR Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any LIBOR Loan on
        the date specified in any notice delivered pursuant hereto, or (d) the assignment of any LIBOR Loan other than on the last day of the Interest Period applicable thereto in accordance with Section 8.04, then, in any such event, the Borrower shall
        compensate the Bank for the loss, cost and expense attributable to such event.&#160; In the case of a LIBOR Loan, such loss, cost or expense to the Bank shall be deemed to include an amount determined by the Bank to be the excess, if any, of (i) the
        amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the LIBO Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then
        current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for
        such period at the interest rate which the Bank would bid were it to bid, at the commencement of such period, for U.S. Dollar of a comparable amount and period from other banks in the LIBOR market.&#160; A certificate of the Bank setting forth any
        amount or amounts that the Bank is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error.&#160; The Borrower shall pay the Bank the amount shown as due on any such certificate
        within 10 days after receipt thereof.&#160; Bankers' Acceptances may not be prepaid, terminated or cancelled prior to the maturity thereof.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-28-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.15.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Taxes</u></font>.&#160; (a)&#160; Withholding Taxes; Gross-Up.&#160; Each payment by the Borrower under any Loan Document shall be made without withholding for any Taxes, unless such withholding is required by law.&#160; If it is required to withhold
        Taxes, then the Borrower may so withhold and shall timely pay the full amount of withheld Taxes to the relevant Governmental Authority in accordance with applicable law.&#160; If such Taxes are Indemnified Taxes, then the amount payable by the Borrower
        shall be increased as necessary so that net of such withholding (including withholding applicable to additional amounts payable under this Section) the applicable permitted assignee (in accordance with Section 8.04) receives the amount it would
        have received had no such withholding been made.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Payment of Other Taxes by the Borrower</u></font>.&#160; The Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Evidence of Payment</u></font>.&#160; As soon as practicable after any payment of Indemnified Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Bank the original or a
        certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Bank.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;"><u>Indemnification by the Borrower</u></font>.&#160; The Borrower shall indemnify the Bank for any Indemnified Taxes that are paid or payable by the Bank in connection with any Loan Document (including
        amounts paid or payable under this Section 2.15(d) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.&#160;
        The indemnity under this Section 2.15(d) shall be paid within ten (10) days after the Bank delivers to the Borrower a certificate stating the amount of any Indemnified Taxes so paid or payable by the Bank and describing the basis for the
        indemnification claim.&#160; Such certificate shall be conclusive of the amount so paid or payable absent manifest error.</font></div>
    <div><br>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-29-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.16.&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Payments Generally</u></font>.&#160; (a)&#160; The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.13,
        2.14 or 2.15, or otherwise) prior to 2:00 p.m., Toronto time, on the date when due, in immediately available funds, without set off or counterclaim.&#160; Any amounts received after such time on any date may, in the discretion of the Bank, be deemed to
        have been received on the next succeeding Business Day for purposes of calculating interest thereon.&#160; All such payments shall be made to the Bank via wire transfer to an account designated by the Bank.&#160; If any payment hereunder shall be due on a
        day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.&#160; All payments
        hereunder shall be made in Canadian Dollars for Canadian Dollar advances and U.S. Dollars for U.S. Dollar advances.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">If at any time insufficient funds
        are received by and available to the Bank to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder,
        and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 2.17. &#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Extension of Maturity Date</u></font>.&#160; In this Section 2.18, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Extension Request</font>&#8221; means a written request by the Borrower to the Bank to
        extend the then current Maturity Date by one year, which request shall include an Officer&#8217;s Certificate of the Borrower certifying that no Default or Event of Default has occurred and is continuing as of the date of such request.&#160; The Borrower may,
        prior to each anniversary of the date of this Agreement, request the Bank to extend the then current Maturity Date by one year by delivering to the Bank an executed Extension Request; provided that, such request may not be made more than 90 days or
        less than 45 days before each such anniversary date.&#160; Upon receipt from the Borrower of an executed Extension Request, the Bank shall, within 30 days after receipt of the Extension Request, provide to the Borrower either (a) written notice that the
        Bank agrees to the extension of the Maturity Date by one year from the then current Maturity Date, or (b) written notice that the Bank does not agree to such requested extension.&#160; If the Bank agrees to the requested extension, the Maturity Date
        shall be deemed to be extended by one year from the then current Maturity Date.&#160; If the Bank refuses the Extension Request or fails to respond in writing agreeing to the request extension within such period then the Extension Request shall be
        deemed to have been denied and the maturity will occur on the then current Maturity Date.</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">ARTICLE III</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>Representations and Warranties</u></font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Borrower represents and warrants to the Bank that:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.01.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Organization; Powers</u></font>.&#160; The Borrower and each of its Material Subsidiaries are duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, has all requisite power and
        authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good
        standing in, every jurisdiction where such qualification is required.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.02.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Authorization; Enforceability</u></font>.&#160; The Transactions are within the Borrower's corporate powers and have been duly authorized by all necessary corporate action.&#160; This Agreement has been duly executed and delivered by the
        Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors' rights generally
        and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-30-</font></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.03.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Governmental Approvals; No Conflicts</u></font>.&#160; The Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained
        or made and are in full force and effect, (b) will not violate any applicable law or regulation or the articles, by-laws or other organizational documents of the Borrower or any order of any Governmental Authority, and (c) will not result in the
        creation or imposition of any Lien on any asset of the Borrower or any of its subsidiaries.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.04.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Financial Condition; No Material Adverse Change</u></font>.&#160; (a)&#160; The Borrower has heretofore furnished to the Bank its consolidated balance sheet and statements of income, stockholders equity and cash flows as of and for the
        Fiscal Quarter and the portion of the Fiscal Year ended June 30, 2012, certified by its chief financial officer.&#160; Such financial statements present fairly, in all material respects, the consolidated financial position and results of operations and
        cash flows of the Borrower as of such dates and for such periods in accordance with GAAP.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Since June 30, 2012, there has
        been no material adverse change in the business, assets, operations or financial condition of the Borrower and its subsidiaries taken as a whole.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.05.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Properties</u></font>.&#160; (a)&#160; The Borrower and each of its Material Subsidiaries have good title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title
        that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes and encumbrances, and no Material Subsidiary is in default under its encumbrances related to it, except
        the extent that such default would not, in the aggregate, have a Material Adverse Effect.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower and each of its
        Subsidiaries own, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to its business, and the use thereof by the Borrower and each of its Material Subsidiaries do not infringe upon the
        rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.06.&#160; </font><font style="font-size: 10pt; font-family: 'Times
          New Roman';"><u>Litigation and Environmental Matters</u></font>.&#160; (a)&#160; There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened against or
        affecting the Borrower or any of its Material Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in
        a Material Adverse Effect (other than the Disclosed Matters), or (ii) that involve this Agreement or the Transactions.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Except for the Disclosed Matters
        and except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, the Borrower and each of its subsidiaries (i) have not failed to comply with any
        Environmental Laws or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) have not become subject to any Environmental Liability, (iii) have not received notice of any claim with
        respect to any Environmental Liability, or (iv) have no knowledge of any basis for any Environmental Liability.</font></div>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-31-</font></div>
    </div>
    <div>
      <div>
        <div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Since the date of this
              Agreement, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">SECTION 3.07.</font><font style="font-size: 10pt;
              font-family: &quot;Times New Roman&quot;;"> &#160; </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>Compliance with Laws</u></font>.&#160; The Borrower and each of its subsidiaries are in compliance with all laws,
            regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.</div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.08.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Taxes</u></font>.&#160; The Borrower and each of its Material Subsidiaries have timely filed or caused to be filed all tax returns and reports
              required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings and for which the Borrower or applicable Subsidiary,
              has set aside on its books adequate reserves, or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.09.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Disclosure</u></font>.&#160; The Borrower has disclosed to the Bank all agreements, instruments and corporate or other restrictions to which it and
              its subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.&#160; None of the other reports, financial statements, certificates or
              other information furnished by or on behalf of the Borrower to the Bank in connection with the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished) contains any material
              misstatement of fact or omits to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the
              Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.10.</font>&#160;&#160; <font style="font-size: 10pt; font-family:
                'Times New Roman';"><u>Patriot Act, Etc</u></font><font style="font-size: 10pt; font-family: 'Times New Roman';">.</font>&#160; To the extent applicable, the Borrower and each of its Material Subsidiaries are in compliance, in all material
              respects, with the (a) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or
              executive order relating thereto, and (b) the USA Patriot Act.&#160; No part of the proceeds of the Loans or any Letters of Credit will be used, directly or indirectly, for any payments to any governmental official or employee, political party,
              official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the <font style="font-size: 10pt;
                font-family: 'Times New Roman'; font-style: italic;">United States</font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Foreign Corrupt Practices Act of 1977</font>, as amended or any Canadian
              legislation having similar effect in whole or in part.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.11.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Requirements of Law</u></font>.&#160; The business and assets of the Borrower and each of its Material Subsidiaries are being operated in
              substantial compliance with applicable requirements of law where failure to so operate would result in a Material Adverse Effect; to the best of its knowledge, after reasonable inquiry, there are no breaches thereof and no enforcement actions
              in respect thereof are threatened or pending to this Agreement, which, in any such case, would reasonably be expected to result in a Material Adverse Effect.</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-32-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.12.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>GAAP</u></font>.&#160; All accounting systems are maintained and financial records of the Borrower and each of its subsidiaries are prepared in
              accordance with GAAP.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.13.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; </font><u><font style="font-size: 10pt; font-family: 'Times New Roman';">Insurance</font></u>.&#160; The Borrower and each of its subsidiaries maintain with responsible and reputable insurers, insurance in respect of its
              business and properties against such casualties and contingencies, including without limitation, public liability and business interruption, and in such types and in such amounts and with such deductibles and other provisions, as are
              customarily maintained by persons engaged in the same or similar businesses in the same jurisdictions under similar conditions.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.14.&#160; </font><font style="font-size: 10pt; font-family:
                'Times New Roman';"><u>Solvency</u></font>.&#160; The Borrower and each of its subsidiaries maintain sufficient capital such that its capital would not at any time be considered an unreasonably small capital, and the Borrower and each of its
              Subsidiaries is not insolvent within the meaning of the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Bankruptcy and Insolvency Act</font> (Canada).</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.15.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Expropriation</u></font>.&#160; Except as occurs and is disclosed to the Agent in writing after the date hereof, neither the Borrower nor any of its
              Material Subsidiaries is the subject of an expropriation, at present, or to the knowledge of the Borrower threatened, with regard to any of its properties and is not aware of any basis upon which expropriation can or would be asserted with
              regard to any its properties.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.16.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Subsidiaries</u></font>.&#160; Attached hereto as Schedule 3.16 is a true and correct chart setting out, as of the date hereof, the ownership of
              each subsidiary of the Borrower.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.17.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Collective Bargaining</u></font>.&#160; As of the date hereof, the Borrower is not bound by or a party to or has any obligations under any
              collective bargaining agreement, and no trade union, council of trade unions, employee bargaining agency or affiliated bargaining agent: (i) holds bargaining rights with respect to any of its employees by way of certification, interim
              certification, voluntary recognition, designation or successor rights; (ii) has applied to be certified as the bargaining agent of any of its employees; or (iii) has applied to have it declared a related employer pursuant to Section 1(4) of
              the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Labour Relations Act</font> (Ontario) or any equivalent requirement of law of any other jurisdiction; and there is no strike, labour dispute, work
              slowdown or stoppage pending, or to the best of its knowledge threatened, against it; there is no organizing activity involving the Borrower by any labour union or group of employees except as described above.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 3.18.</font>&#160;&#160; <font style="font-size: 10pt; font-family:
                'Times New Roman';"><u>Pension Plans</u></font>.&#160; As to all Plans and benefit plans maintained by the Borrower and its subsidiaries: (i) all contributions (including employee contributions made by authorized payroll deductions or other
              withholdings) required to be made to the appropriate funding agency in accordance with all applicable laws and the terms of each Plan have been made in accordance with all applicable laws and the terms of each Plan; (ii) all liabilities under
              each Plan are funded, on a going concern and solvency basis, in accordance with the terms of the respective Plans, the requirements of applicable pension benefits laws and of applicable regulatory authorities and the most recent actuarial
              report filed with respect to the Plan; and (iii) no event has occurred and no conditions exist with respect to any Plan that has resulted or could reasonably be expected to result in any Plan having its registration revoked or refused for the
              purposes of any administration of any relevant pension benefits regulatory authority or being required to pay any taxes or penalties under any applicable pension benefits or tax laws, except for any exceptions to clauses (ii) through (iii)
              above that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-33-</font></div>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ARTICLE IV</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Conditions Precedent</u></font></font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 4.01.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Effective Date</u></font>.&#160; The obligation of the Bank to make Loans and of the Bank to issue Letters of Credit hereunder shall not become
              effective until the date on which each of the following conditions are satisfied (or waived in accordance with Section 8.02):</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Bank (or its counsel)
              shall have received from each party hereto either (i) a counterpart of this Agreement signed on behalf of such party, or (ii) written evidence satisfactory to the Bank (which may include telecopy transmission of a signed signature page of
              this Agreement) that such party has signed a counterpart of this Agreement.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Bank shall have
              received a favorable written opinion of counsel for the Borrower, substantially in form satisfactory to the Bank (or its counsel), and covering such other matters relating to the Borrower, this Agreement or the Transactions as the Bank shall
              reasonably request.&#160; The Borrower hereby requests such counsel to deliver such opinion.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Bank shall have
              received such documents and certificates as the Bank or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower and each of the Material Subsidiaries, and any other legal matters relating
              to the Borrower and this Agreement, all in form and substance reasonably satisfactory to the Bank and its counsel.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Bank shall have
              received a certificate, dated as of the Effective Date and signed by the President, a Vice President or a Financial Officer of the Borrower, confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Bank shall have
              received all fees, including but not limited to the Upfront Fee, and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out of pocket expenses required to be
              reimbursed or paid by the Borrower hereunder.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Bank shall have
              completed due diligence as to the Borrower reasonably satisfactory to the Bank, including as to the corporate structure of the Borrower and its subsidiaries.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Bank shall have
              received a Compliance Certificate for the Borrower dated as of the Effective Date, or such earlier date acceptable to the Bank, in the form set out in Exhibit B.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 4.02.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Each Credit Event</u></font>.&#160; The obligation of the Bank to make a Loan on the occasion of any Borrowing Request, and of the Bank to issue,
              amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The representations and
              warranties of the Borrower set forth in this Agreement shall be true and correct in all material respects (except that any representation or warranty which is already qualified as to materiality or by reference to Material Adverse Effect
              shall be true and correct in all respects) on and as of the date of such Loan or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, and the Borrower shall issue a Compliance Certificate so
              confirming.</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-34-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">At the time of and
              immediately after giving effect to such Loan or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Each Borrowing Request and each issuance, amendment, renewal or extension of a Letter of Credit, shall be deemed to constitute a representation and
              warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section.</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ARTICLE V</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Affirmative Covenants</u></font></font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Until the commitment to provide the Revolving Credit Facility has expired or been terminated and the principal of and interest on each Loan and all
              fees payable hereunder shall have been paid in full and all Letters of Credit shall have expired, terminated or been cash collateralized in accordance with the terms of this Agreement, and all LC Disbursements shall have been reimbursed, the
              Borrower covenants and agrees with the Bank that:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.01.<font style="font-size: 10pt; font-family: 'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family:
                'Times New Roman';"><u>Financial Statements; Ratings Change and Other Information</u></font><font style="font-size: 10pt; font-family: 'Times New Roman';">.&#160; The Borrower will furnish to the Bank:</font></font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">within one hundred twenty
              (120) days after the end of each Fiscal Year of the Borrower, commencing with the 2012 Fiscal Year, the audited consolidated balance sheet and related statements of operations, stockholders&#8217; equity and cash flows as of the end of and for such
              year, setting forth in each case in comparative form the figures for the previous Fiscal Year (commencing with the audit for the 2012 Fiscal Year), all reported on by an independent public accountant of recognized national standing (without a
              &#8220;going concern&#8221; or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial
              condition and results of operations of the Borrower on a consolidated basis in accordance with GAAP consistently applied;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">within sixty (60) days
              after the end of each of the first three Fiscal Quarters of each Fiscal Year of the Borrower, its consolidated balance sheet and related statements of operations, stockholders' equity and cash flows as of the end of and for such Fiscal
              Quarter and the then elapsed portion of the Fiscal Year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year,
              all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Borrower on a consolidated basis in accordance with GAAP consistently applied, subject to
              normal year-end audit adjustments and the absence of footnotes;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">concurrently with any
              delivery of financial statements under clause (a) or (b) above, a Compliance Certificate of a Financial Officer of the Borrower (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof
              and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with the financial covenant contained in Section 5.11, and (iii) stating whether any change in
              GAAP or in the application thereof has occurred since the date of the audited financial statements referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying
              such certificate;</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-35-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">promptly after the same has
              been filed, and is not otherwise publicly available, a notification that periodic and other reports, proxy statements and other materials have been filed by the Borrower with any securities commission or with any national securities exchange
              in the U.S. or Canada;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">promptly upon receipt of
              confirmation of same, written notice of any credit rating changes of any externally rated subsidiaries; and</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(f)</font>&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">promptly following any
              request therefor, such other information regarding the operations, business affairs and financial condition of the Borrower or any subsidiary, or compliance with the terms of this Agreement, as the Bank may reasonably request.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">promptly following any
              request therefor, such additional information on the status, timing, structure, consents, approvals and documentation for the Atlantica Acquisition as the Lender may reasonably request;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">promptly following the
              execution and delivery thereof, a true and complete copy of any amendment to the Atlantica Purchase Agreement; and</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(i)</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">within three (3) days
              following the consummation of the Atlantica Acquisition, a copy of the consent(s) and/or waiver(s) from the U.S. Department of Energy permitting the Atlantica Acquisition.</font></div>
          <div>&#160;<br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.02.&#160; </font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Notices of Material Events</u></font>.&#160; The Borrower will furnish to the Bank prompt written notice of the following, each of which shall be a
              material event:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the occurrence of any
              Default;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the filing or commencement
              of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting the Borrower or any of its subsidiaries that, if adversely determined, could reasonably be expected to result in a Material Adverse
              Effect or potential loss in an aggregate amount in excess of the greater of CDN $50,000,000, or 1.5% of the amount of the stockholders&#8217; Equity Interests on the most recent consolidated balance sheet of the Borrower and its subsidiaries; and</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">any other development that
              results in, or could reasonably be expected to result in, a Material Adverse Effect.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Borrower
              setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.03.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Existence; Conduct of Business</u></font>.&#160; The Borrower and each of its Material Subsidiaries will do or cause to be done all things necessary
              to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any amalgamation,
              merger, consolidation, liquidation or dissolution permitted under Section 6.02.</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-36-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.04</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Payment of Obligations</u></font>.&#160; The Borrower and each of its subsidiaries will pay its obligations, including tax liabilities, that, if
              not paid before the same shall become delinquent or in default, could result in a Material Adverse Effect, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Borrower or
              applicable subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP, and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.05.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Maintenance of Properties; Insurance</u></font>.&#160; The Borrower and each of its subsidiaries will (a) keep and maintain all property material to
              the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily
              maintained by companies engaged in the same or similar businesses operating in the same or similar locations.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.06.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Books and Records; Inspection Rights</u></font>.&#160; The Borrower and each of its subsidiaries will keep proper books of record and account in
              which full, true and correct entries are made of all dealings and transactions in relation to its business and activities.&#160; The Borrower and each of its subsidiaries will permit any representatives designated by the Bank, upon reasonable
              prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as
              often as reasonably requested.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.07.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Compliance with Laws</u></font>.&#160; The Borrower and each of its subsidiaries will comply with all laws, rules, regulations and orders of any
              Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.08.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Use of Proceeds and Letters of Credit</u></font>.&#160; The proceeds of the Loans and Letters of Credit will be used only for general corporate
              purposes (other than for any Hostile Acquisition), provided that the proceeds of the Loan under the Bulge Facility will be used only in connection with the financing of the Atlantica Acquisition, including satisfaction of the purchase price
              in accordance with the terms of the Atlantica Purchase Agreement.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.09.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Accuracy Of Information</u></font>.&#160; The Borrower will ensure that any information, including financial statements or other documents,
              furnished to the Bank in connection with this Agreement or any amendment or modification hereof or waiver hereunder contains no material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the
              light of the circumstances under which they were made, not misleading, and the furnishing of such information shall be deemed to be representation and warranty by the Borrower on the date thereof as to the matters specified in this Section
              5.09.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.10.<font style="font-size: 10pt; font-family: 'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family:
                'Times New Roman'; font-weight: bold;"><u>[INTENTIONALLY LEFT BLANK]</u></font></font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.11.</font>&#160; &#160; <font style="font-size: 10pt; font-family:
                'Times New Roman';"><u>Debt to Capitalization Ratio</u></font><font style="font-size: 10pt; font-family: 'Times New Roman';">.</font>&#160; The Borrower will not permit the ratio of Consolidated Indebtedness to Consolidated Total Capitalization
              to be greater than 0.70 to 1.00 as of (i) the end of any Fiscal Quarter, and (ii) as of any date on which a Restricted Payment is made. For purposes of the foregoing clause (ii), the financial covenant under this Section 5.11 shall be
              calculated giving pro forma effect to the applicable Restricted Payment in a manner acceptable to the Bank.</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-37-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 5.12.<font style="font-size: 10pt; font-family: 'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family:
                'Times New Roman'; font-weight: bold;"><u>[INTENTIONALLY LEFT BLANK]</u></font></font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ARTICLE VI</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Negative Covenants</u></font></font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Until the Revolving Credit Facility has expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder
              shall have been paid in full and all Letters of Credit shall have expired, terminated or been cash collateralized in accordance with the terms of this Agreement, and all LC Disbursements shall have been reimbursed, the Borrower covenants and
              agrees with the Bank that:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.01.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Secured Indebtedness</u></font><font style="font-size: 10pt; font-family: 'Times New Roman';">.</font>&#160; <font style="font-size: 10pt;
                font-family: 'Times New Roman';">(a)</font>&#160; The Borrower and each of its Subsidiaries will not, directly or indirectly, create, incur, assume, guarantee or otherwise become directly or indirectly liable with respect to Indebtedness for
              borrowed money that is secured by a Lien on the property of the Borrower or its Subsidiaries unless and until (i) a Lien on the same property is granted to the Bank, and (ii) the Borrower or applicable Subsidiary obtains the agreement of the
              holder(s) of such Indebtedness for borrowed money (or by an agent or trustee acting on behalf of such holder(s)) that such Liens shall rank pari passu; provided that, for certainty, the foregoing obligation will not apply with respect to any
              Capital Lease entered into by the Borrower or applicable Subsidiary; and further provided that, such obligation will not apply to, or restrict, the assignment by the Borrower or applicable Subsidiary of its rights under any letter of credit
              under which it is the beneficiary.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower&#8217;s subsidiaries
              will not, directly or indirectly, create, incur, assume, guarantee or otherwise become directly or indirectly liable with respect to Indebtedness for borrowed money that is secured by a Lien on the property of the Borrower or any of its
              subsidiaries in excess of CDN $280,000,000 in the aggregate at any time; provided that, for certainty, the foregoing obligation will not apply with respect to (i) any Capital Lease entered into by the Borrower or applicable Subsidiary, (ii)
              any collateral delivered by the Borrower or applicable Subsidiary under any Swap Agreement, (iii) Indebtedness for borrowed money of any entity acquired by the Borrower or any of its subsidiaries after the date hereof that is secured by a
              Lien on the property of such entity (or of any subsidiary or affiliate of such entity that is acquired in the same transaction), (iv) Non-Recourse Debt incurred by Non-Recourse Entities up to a maximum aggregate amount of the Equivalent
              Amount in Canadian Dollars of U.S. $625,000,000, or (v) the pledge by AAGES (AY Holdings) B.V. of Equity Interests in Atlantica Yield PLC to secure indebtedness incurred by Abengoa-Algonquin Global Energy Solutions B.V. for purposes of the
              acquisition of such Equity Interests in Atlantica Yield PLC.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.02.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Fundamental Changes</u></font>.&#160; (a)&#160; Neither the Borrower nor any of its Material Subsidiaries will amalgamate with, merge into, or consolidate
              with any other Person, or permit any other Person to amalgamate with, merge into, or consolidate with it, unless (i) the surviving entity will remain fully liable for the obligations of the Borrower or applicable Material Subsidiary under the
              Loan Documents, and (ii) at the time thereof, and immediately after giving effect thereto, no Default shall have occurred and be continuing.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Neither the Borrower nor
              any of its Material Subsidiaries will liquidate or dissolve itself without the prior written consent of the Bank, which consent shall not be unreasonably withheld.</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-38-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.03.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Business</u></font>.&#160; Neither the Borrower nor any of its subsidiaries will engage to any material extent in any business other than businesses
              of the type conducted by the Borrower and its subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto, including the nature and kind of material contracts related thereto.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.04.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Swap Agreements</u></font>.&#160; Neither the Borrower nor any of its subsidiaries will enter into any Swap Agreement, except (a) Swap Agreements
              entered into to hedge or mitigate risks to which the Borrower or applicable subsidiary has actual exposure (other than those in respect of Equity Interests of the Borrower or any of its subsidiaries), (b) Swap Agreements entered into by a
              subsidiary of the Borrower in the normal course of its business, and not for speculative purposes, whether resulting from a regulatory requirement or otherwise, or (c) Swap Agreements entered into in order to effectively cap, collar or
              exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of the Borrower or applicable subsidiary.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.05.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Restricted Payments</u></font>.&#160; The Borrower will not declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment
              unless, immediately before and after giving effect to such Restricted Payment, no Default exists or would exist.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.06.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Transactions with Affiliates</u></font>.&#160; Neither the Borrower nor any of its Subsidiaries will sell, lease or otherwise transfer any property
              or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except in the ordinary course of business at prices and on terms and conditions not
              less favourable to the Borrower or applicable Subsidiary than could be obtained on an arm&#8217;s length basis from unrelated third parties.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 6.07.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Disposition of Property</u></font>.&#160; The Borrower will not, except with the prior written consent of the Bank, which consent shall not be
              unreasonably withheld, directly or indirectly, dispose of, in one transaction or a series of transactions, all or substantially all of its property, nor permit any of its Material Subsidiaries to directly or indirectly, dispose of, in one
              transaction or a series of transactions, all or substantially all of its property; provided that such consent shall not be required for any disposition of property having a net book value of less than the greater of (i) CDN$250,000,000 or
              (ii) an amount equal to 2.5% of the total value of the assets of the Borrower and its subsidiaries on a consolidated basis (as confirmed in each reporting required pursuant to Sections 5.01(a) and (b)).</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ARTICLE VII</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Events of Default</u></font></font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 7.01.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Default</u></font>.&#160; If any of the following events (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Events
                of Default</font>&#8221;) shall occur:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the Borrower shall fail to
              pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the Borrower shall fail to
              pay any interest on any Loan or any fee amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement, when and as the same shall become due and payable, and such failure shall continue unremedied for a
              period of three Business Days;</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-39-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">any representation or
              warranty made or deemed made by or on behalf of the Borrower or any of its subsidiaries in or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial
              statement or other document furnished pursuant to or in connection with this Agreement or any amendment or modification hereof or waiver hereunder, shall prove to have been incorrect in any material respect or, with respect to any
              representation or warranty which is already qualified as to materiality or by reference to Material Adverse Effect, shall prove to have been incorrect in any respect, when made or deemed made;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the Borrower shall fail to
              observe or perform any covenant, condition or agreement contained in Section 5.02, 5.03 or 5.08 or the Borrower or any of its subsidiaries shall fail to observe or perform any covenant contained in Article VI;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the Borrower shall fail to
              observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in clause (a), (b) or (d) of this Article), and such failure shall continue unremedied for a period of 30 days after written
              notice thereof from the Bank to the Borrower;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">an event of default shall
              occur under any agreement, under which the Borrower or any of its subsidiaries has outstanding Indebtedness for borrowed money in excess of the greater of CDN $50,000,000 or 1.5% of the amount of the stockholders&#8217; Equity Interests on the most
              recent consolidated balance sheet of the Borrower and its subsidiaries, that results in such Indebtedness being declared due and payable by the holder(s) thereof (or by an agent or trustee acting on behalf of such holder(s)) or becoming
              subject to a requirement to repay, repurchase, redeem (excluding any redemption of the 2016 Convertible Debentures) or defease such Indebtedness; provided that, if such event of default is cured or waived at any time, then the Event of
              Default created hereunder will be deemed to be cured;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(g)</font>&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">a termination amount in
              excess of the greater of CDN $50,000,000, or 1.5% of the amount of the stockholders&#8217; Equity Interests on the most recent consolidated balance sheet of the Borrower and its subsidiaries becomes due and payable under any Swap Agreement to which
              the Borrower or any of its subsidiaries is a party;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">an involuntary proceeding
              shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any of its Material Subsidiaries, or its debts, or of a substantial part of its assets, under
              any bankruptcy, insolvency, receivership or similar law now or hereafter in effect, or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any of its Material Subsidiaries,
              or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the Borrower or any of its
              Material Subsidiaries shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any applicable bankruptcy, insolvency, receivership or similar law now or hereafter in effect,
              (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian,
              sequestrator, conservator or similar official for it or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the
              benefit of creditors, or (vi) take any action for the purpose of effecting any of the foregoing;</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-40-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(j)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">the Borrower or any of
              its Material Subsidiaries shall become unable, admit in writing its inability, or fail generally, to pay its debts as they become due;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(k)</font>&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">one or more judgments for
              the payment of money or claim to seize assets in lien or satisfaction thereof, in an aggregate amount in excess of the greater of CDN $50,000,000 or 1.5% of the amount of the stockholders&#8217; Equity Interests on the most recent consolidated
              balance sheet of the Borrower and its subsidiaries shall be rendered against the Borrower or any of its subsidiaries (which judgments are not covered by insurance policies as to which liability has been accepted by the insurance carrier) and
              the same shall remain undischarged for a period of thirty (30) consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the
              Borrower or applicable subsidiary to enforce any such judgment; or</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(l)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">a Change in Control shall
              occur,</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">then, and in every such event (other than an event with respect to the Borrower or any of its Material Subsidiaries described in clause (h) or (i) of
              this Article), and at any time thereafter during the continuance of such event, the Bank may, by notice to the Borrower, take the actions set out in Section 7.02; and in case of any event with respect to the Borrower or any of its Material
              Subsidiaries described in clause (h) or (i) of this Article, the Revolving Credit Facility and the Bulge Facility shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all
              fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding anything to the contrary contained in this Article VII, in the event that the Borrower fails to comply with the requirements of
              Section 5.11 as of the last day of any Fiscal Quarter, at any time after the beginning of such Fiscal Quarter until the expiration of the 10th day subsequent to the date on which the financial statements with respect to such Fiscal Quarter
              (or the Fiscal Year ended on the last day of such Fiscal Quarter) are required to be delivered pursuant to Section 5.01(a) or (b), as applicable, the Borrower shall have the right to issue Equity Interests (other than Disqualified Stock) for
              cash on terms and conditions reasonably acceptable to the Bank (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Cure Right</font>&#8221;), and upon the receipt by the Borrower of the cash
              proceeds of such equity issuance (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Cure Amount</font>&#8221;) Section 5.11 shall be recalculated giving effect to the following pro forma adjustment: if, after
              giving effect to the foregoing pro forma adjustment (without giving effect to any repayment of any Indebtedness with any portion of the Cure Amount or any portion of the Cure Amount on the balance sheet of the Borrower, in each case, with
              respect to such Fiscal Quarter only), the Borrower shall then be in compliance with the requirements of Section 5.11, the Borrower shall be deemed to have satisfied the requirements of Section 5.11 as of the relevant date of determination
              with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of Section 5.11 that had occurred shall be deemed cured for the purposes of this Agreement; provided that the
              Borrower shall have notified the Bank of the exercise of such Cure Right within five (5) Business Days of the issuance of such Equity Interests for cash.&#160; Notwithstanding anything herein to the contrary, (i) in each four consecutive Fiscal
              Quarter period of the Borrower there shall be at least three Fiscal Quarters in which the Cure Right is not exercised, (ii) during the term of this Agreement, the Cure Right shall not be exercised more than two times, (iii) the Cure Amount
              shall be no greater than the amount required for purposes of complying with Section 5.11 and any amounts in excess thereof shall not be deemed to be a Cure Amount, and (iv) upon receipt by the Bank of written notice, prior to the expiration
              of the 10th Business Day subsequent to the due date for delivery of the relevant financial statements pursuant to Section 5.01(a) or (b) (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Anticipated Cure
                Deadline</font>&#8221;) that the Borrower intends to exercise the Cure Right, the Bank shall not be permitted to accelerate the Loans or otherwise exercise its remedies under Section 7.02 on the basis of a failure to comply with the requirements
              of the covenant set forth in Section 5.11 until such failure is not cured pursuant to the exercise of the Cure Right on or prior to the Anticipated Cure Deadline.</font></div>
          <div><br>
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="page-break-after:always;" id="DSPFPageBreak">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-41-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 7.02.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Remedies</u></font>.&#160; Upon the occurrence of an Event of Default, and at any time thereafter unless and until such Event of Default has been
              waived by the Bank or cured to the satisfaction of the Bank, the Bank, by written notice to the Borrower, may take any of the following actions:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">declare the rights of the
              Borrower to access the Revolving Credit Facility and the Bulge Facility pursuant to the terms of this Agreement terminated, whereupon such rights shall be immediately terminated;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">declare the unpaid
              principal of, and any accrued interest in respect of, all Loans, any reimbursement obligations arising from drawings under Letters of Credit and any and all other Obligations of any and every kind owing by the Borrower to the Bank hereunder
              to be due, whereupon the same shall be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower;</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">require the Borrower to pay
              to the Bank:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">cash in an amount equal to 105% of the
              aggregate undrawn amount of all then outstanding Letters of Credit; and</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">cash in an amount equal to the aggregate face
              amount of all Bankers&#8217; Acceptances then outstanding,</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">such cash to be held by the Bank in a cash collateral account as security for the repayment in full of any amount that may be drawn on an outstanding
              Letter of Credit and as to the repayment of any outstanding Bankers&#8217; Acceptances on the maturity thereof; and/or</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">take such steps and actions
              as shall be available to the Bank as creditor of the Borrower, with or without notice, and on the basis that the rights and remedies of the Bank are cumulative and in addition to, and not in substitution for, any other rights or remedies.</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ARTICLE VIII</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Miscellaneous</u></font></font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.01.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Notices</u></font>.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160; Except in the case of notices and other
              communications expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed
              by certified or registered mail or sent by telecopy, as follows:</font></div>
          <div><br>
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="page-break-after:always;" id="DSPFPageBreak">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-42-</font></div>
          </div>
          <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(A)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">if to the Borrower:</font></div>
          <div><br>
          </div>
          <div style="text-align: left;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd04075f0b7b74242b754a7a070349e7f">

                  <tr>
                    <td style="width: 36pt;"><br>
                    </td>
                    <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Address:</font></td>
                    <td style="width: auto; vertical-align: top; text-align: left;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">2845 Bristol Circle</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div style="text-align: left; text-indent: -72pt; margin-left: 180pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Oakville, Ontario</font></div>
          <div style="text-align: left; text-indent: -72pt; margin-left: 180pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">L6H 7H7</font></div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zadd6709ef9b441c598f1124a2f4cb179" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Financial Officer or Treasurer</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z4098f1f1d58d48a1a4f85248b16c4337" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Telecopy</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">No.:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">(905) 465-4514</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z9e89abc530594a7b8cb668792c202105" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">General Counsel</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zcb10feebdbfa4c18a94b636ab4e25400" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Telecopy</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">No.:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">(905) 465-4514</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z8edde18f244446679804cead57b087cb" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(B)</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">if to the Bank:</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zb9ca959684ad4fc795a987ed2116f41a" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">With respect to Borrowing Requests and notices under Sections 2.06 or 2.07:</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div style="text-align: left;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z3de5f02311c943c9af8eef520affdd55">

                  <tr>
                    <td style="width: 36pt;"><br>
                    </td>
                    <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Address:</font></td>
                    <td style="width: auto; vertical-align: top; text-align: left;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Bank of Nova Scotia</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div style="text-align: left; text-indent: -72pt; margin-left: 180pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Global Wholesale Services - Loan Administration</font></div>
          <div style="text-align: left; text-indent: -72pt; margin-left: 180pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">720 King Street West, 2nd Floor</font></div>
          <div style="text-align: left; text-indent: -72pt; margin-left: 180pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Toronto, Ontario&#160; M5V 2T3</font></div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z17531d0d0d48473a852319a52f1d3391" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Team Leader or Senior Loan Officer</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="ze453895a2bea4212aa2bc80e891e9d4b" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Telecopy </font><font style="font-size: 10pt; font-family: 'Times New Roman';">No.:</font><br>
                    </div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(416) 866-5991</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zecdb5f1b80b04977bddf06de8c5729ae" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">With respect to all other notices and communications:</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div style="text-align: left;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z4c795848634742269d07ede702cd6d10">

                  <tr>
                    <td style="width: 36pt;"><br>
                    </td>
                    <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Address:</font></td>
                    <td style="width: auto; vertical-align: top; text-align: left;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Bank of Nova Scotia</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div style="text-align: left; text-indent: -72pt; margin-left: 180pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Corporate Banking - Power &amp; Utilities, Global Banking and Markets</font></div>
          <div style="text-align: left; text-indent: -72pt; margin-left: 180pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">40 King Street West, Scotia Plaza</font></div>
          <div style="text-align: left; text-indent: -72pt; margin-left: 180pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">62nd Floor</font></div>
          <div style="text-align: left; text-indent: -72pt; margin-left: 180pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Toronto, Ontario M5W 2X6</font></div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zda5bc295a3d24f938d13fb915f7a3c21" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Director</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z3553593e0e344e1ea05c5d63a5ff03cf" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Telecopy </font><font style="font-size: 10pt; font-family: 'Times New Roman';">No.:</font> <br>
                    </div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(416) 933-7399</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zbdef2ebec8b74de6865f21aaac24767f" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Telephone:</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(416) 866-6911</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="ze0345d9a05f84ed2b9c03f68d49c54ff" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="vertical-align: top; width: 72pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">email:</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">kirt.millwood@scotiabank.com</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Notices and other
              communications to the Bank hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Bank; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed
              by the Bank.&#160; The Bank or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may
              be limited to particular notices or communications.</font></div>
          <div><br>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-43-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Either party hereto may
              change its address or telecopy number for notices and other communications hereunder by notice to the other party hereto.&#160; All notices and other communications given to either party hereto in accordance with the provisions of this Agreement
              shall be deemed to have been given on the date of receipt.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.02.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Waivers; Amendments</u></font>.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160; No failure or delay by the Bank
              in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any
              other or further exercise thereof or the exercise of any other right or power.&#160; The rights and remedies of the Bank hereunder are cumulative and are not exclusive of any rights or remedies that the Bank would otherwise have.&#160; No waiver of any
              provision of this Agreement or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in
              the specific instance and for the purpose for which given.&#160; Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the
              Bank may have had notice or knowledge of such Default at the time.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Neither this Agreement nor
              any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Bank.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.03.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Expenses; Indemnity; Damage Waiver</u></font>.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160; The Borrower shall
              pay (i) all reasonable out<font style="font-size: 10pt; font-family: 'Times New Roman';">-</font>of<font style="font-size: 10pt; font-family: 'Times New Roman';">-</font>pocket expenses incurred by the Bank, including the reasonable fees,
              charges and disbursements of counsel for the Bank, in connection with the preparation and administration of this Agreement or any amendments, modifications or waivers of the provisions hereof (whether or not the transactions contemplated
              hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by the Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, and (iii)
              all out-of-pocket expenses incurred by the Bank including the fees, charges and disbursements of any counsel for the Bank in connection with the enforcement or protection of its rights in connection with this Agreement, including its rights
              under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of<font style="font-size: 10pt; font-family: 'Times New Roman';">-</font>pocket expenses incurred during&#160; any workout,
              restructuring or negotiations in respect of such Loans or Letters of Credit.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower shall
              indemnify the Bank and each of its directors, officers, employees, agents and professional advisors (each such Person being called an &#8220;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Indemnitee</font>&#8221;)


              against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any
              Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of their respective obligations
              hereunder or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by the Bank to honour a demand for payment under a Letter of Credit if the documents
              presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any
              of its subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether
              based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities
              or related expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the negligence or willful misconduct of such Indemnitee.&#160; This Section 8.03(b) shall not apply with respect to
              Taxes other than any Taxes that represent losses, claims or damages arising from any non-tax claim.</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-44-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">To the extent permitted by
              applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of,
              in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">All amounts due under this
              Section shall be payable promptly after written demand therefor, subject to receipt of a written undertaking by the Indemnitee in favor of the Borrower to return such amount if it is ultimately determined by a court of competent jurisdiction
              by a final and non-appealable judgment that such Indemnitee was not entitled to such indemnification under this Section 8.03.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.04.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Successors and Assigns</u></font>.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160; The provisions of this
              Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations
              hereunder without the prior written consent of the Bank (and any attempted assignment or transfer by the Borrower without such consent shall be null and void).&#160; Nothing in this Agreement, expressed or implied, shall be construed to confer
              upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, and, to the extent expressly contemplated by Section 8.03, the Indemnitees) any legal or equitable right, remedy or claim under or by
              reason of this Agreement.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 81pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font>&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">The Bank may assign to one or more Persons all or a
              portion of its rights and obligations under this Agreement (including all or a portion of the Commitment Amount and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of the
              Borrower; provided further that no consent of the Borrower shall be required for an assignment if an Event of Default has occurred and is continuing.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.05. </font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Survival</u></font>.&#160; All covenants, agreements, representations and warranties made by the Borrower herein and in the certificates or other
              instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making of any Loans and
              issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Bank may have had notice or knowledge of any Default or incorrect representation or warranty at the
              time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any
              Letter of Credit is outstanding and so long as the Revolving Credit Facility has not expired or terminated.&#160; The provisions of Sections 2.13, 2.14, 2.15, 8.01, 8.03, 8.08 and 8.09 shall survive and remain in full force and effect regardless
              of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Revolving Credit Facility or the Bulge Facility or the termination of this Agreement or any provision hereof.</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-45-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.06.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Counterparts; Integration; Effectiveness</u></font>.&#160; This Agreement may be executed in counterparts (and by different parties hereto on
              different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.&#160; This Agreement and any separate letter agreements with respect to fees payable to the Bank
              constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.&#160; Except as provided in Section
              4.01, this Agreement shall become effective when it shall have been executed by the Bank and when the Bank shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and
              thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.&#160; Delivery of an executed counterpart of a signature page of this Agreement by telecopy or any other electronic means
              that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.07.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Severability</u></font>.&#160; Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such
              jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
              particular jurisdiction shall not invalidate such provision in any other jurisdiction.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.08.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Right of Setoff</u></font>.&#160; If an Event of Default shall have occurred and be continuing, the Bank is hereby authorized at any time and from
              time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by the Bank to or for the
              credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by the Bank, irrespective of whether or not the Bank shall have made any demand under this
              Agreement and although such obligations may be unmatured.&#160; The rights of the Bank under this Section are in addition to other rights and remedies (including other rights of setoff) which the Bank may have.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.09.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Governing Law; Jurisdiction; Consent to Service of Process</u></font>.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;
              This Agreement shall be construed in accordance with and governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower hereby
              irrevocably and unconditionally submits, for itself and its property, to the non-exclusive jurisdiction of the courts of the Province of Ontario, and any appellate court from any thereof, in any action or proceeding arising out of or relating
              to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in
              Ontario or, to the extent permitted by law, in such federal court.&#160; Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
              judgment or in any other manner provided by law.&#160; Nothing in this Agreement shall affect any right that the Bank may otherwise have to bring any action or proceeding relating to this Agreement against the Borrower or its properties in the
              courts of any jurisdiction.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Borrower hereby
              irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this
              Agreement in any court referred to in paragraph (b) of this Section.&#160; Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or
              proceeding in any such court.</font></div>
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          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-46-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Each party to this
              Agreement irrevocably consents to service of process in the manner provided for notices in Section 8.01.&#160; Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.10.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>WAIVER OF JURY TRIAL</u></font>.&#160; EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO
              A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).&#160; EACH PARTY HERETO (A) CERTIFIES THAT
              NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY 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 AND THE OTHER
              PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.11.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';"> &#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Headings</u></font>.&#160; Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part
              of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.12.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Confidentiality</u></font>.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160; The Bank agrees to maintain the
              confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its and its Affiliates' directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being
              understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (ii) to the extent requested by any regulatory authority, (iii)
              to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iv) to any other party to this Agreement, (v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding
              relating to this Agreement or the enforcement of rights hereunder, (vi) subject to an agreement containing provisions substantially the same as those of this Section, to any assignee of any of its rights or obligations under this Agreement,
              (vii) with the consent of the Borrower, or (viii) to the extent such Information (A) becomes publicly available other than as a result of a breach of this Section, or (B) becomes available to the Bank on a non-confidential basis from a source
              other than the Borrower.&#160; For the purposes of this Section, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Information</font>&#8221; means all information received from the Borrower relating to the Borrower or
              its business, other than any such information that is available to the Bank on a non-confidential basis prior to disclosure by the Borrower; provided that, in the case of information received from the Borrower after the date hereof, such
              information is clearly identified at the time of delivery as confidential.&#160; Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if
              such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.</font></div>
          <div><br>
          </div>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-47-</font></div>
          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">THE BANK ACKNOWLEDGES THAT
              INFORMATION AS DEFINED IN SECTION 8.12(a) FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE BORROWER AND ITS AFFILIATES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED
              COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING APPLICABLE SECURITIES LAWS.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">SECTION 8.13.</font><font style="font-size: 10pt; font-family:
                'Times New Roman';">&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>USA PATRIOT Act</u></font>.&#160; If the Bank is subject to the requirements of the <font style="font-size: 10pt; font-family: 'Times New Roman';
                font-style: italic;">USA Patriot Act</font> (Title III of Pub. L. 107-56 (signed into law October 26, 2001) it hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and
              record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow the Bank to identify the Borrower in accordance with the <font style="font-size: 10pt;
                font-family: 'Times New Roman'; font-style: italic;">USA Patriot Act</font><font style="font-size: 10pt; font-family: 'Times New Roman';">.</font></font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[signatures on next following pages]</font></div>
          <div><br>
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="page-break-after:always;" id="DSPFPageBreak">
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          </div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">IN WITNESS WHEREOF, the parties hereto have caused this Credit Agreement to be duly executed by their respective authorized
              officers as of the day and year first above written.</font></div>
          <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
            </font></div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zab072db27c8e4e58a52fd37dbb2f5cd8">

              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td colspan="2" style="vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By:</font></div>
                </td>
                <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 45%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
                </td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 45%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
                <td rowspan="1" style="width: 45%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By:</font></div>
                </td>
                <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 45%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
                </td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 45%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
                <td rowspan="1" style="width: 45%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td colspan="2" style="vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">THE BANK OF NOVA SCOTIA</font></div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By:</font></div>
                </td>
                <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 45%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
                </td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 45%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
                </td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By:</font></div>
                </td>
                <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 45%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
                </td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 45%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
                </td>
              </tr>

          </table>
          <div><br>
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="page-break-after:always;" id="DSPFPageBreak">
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          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SCHEDULE 1.01</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">LIST OF MATERIAL SUBSIDIARIES</font></div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
            </font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[current as of November 20, 2018]</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z33daf8b62caf4e6cb026b0192476b924">

                  <tr>
                    <td style="width: 36pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin Power Co.</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z7c15f0d4ba344158b4ca415398ef3dae">

                  <tr>
                    <td style="width: 36pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Liberty Utilities Co.</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6b7d63d897994780946324806eb0622a">

                  <tr>
                    <td style="width: 36pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Liberty Utilities (EnergyNorth Natural Gas) Corp.</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zdb3cd04c91af434bbfb0573ad6a0e1f9">

                  <tr>
                    <td style="width: 36pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Liberty Utilities (CalPeco Electric) LLC</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zeb81669fb5c34ced92ff327195a234ec">

                  <tr>
                    <td style="width: 36pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Empire District Electric Company</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd43e3128d48949bab1041164dd2a34b5">

                  <tr>
                    <td style="width: 36pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">AAGES (AY Holdings) B.V.</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Note</u></font>:&#160; &#8220;Material Subsidiary&#8221; means Algonquin Power Co., Liberty
              Utilities Co. and any other subsidiary of the Borrower, the assets of which are equal to or in excess of 5% of the gross book value, before depreciation, of the consolidated property, plant and equipment (before depreciation) of the Borrower
              as of the time of calculation.</font></div>
          <div><br>
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="page-break-after:always;" id="DSPFPageBreak">
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          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SCHEDULE 3.06</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">DISCLOSED MATTERS</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">None</font></div>
          <div><br>
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="page-break-after:always;" id="DSPFPageBreak">
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          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SCHEDULE 3.16</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ALGONQUIN ORGANIZATION CHART</font></div>
          <div><br>
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="page-break-after:always;" id="DSPFPageBreak">
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          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">EXHIBIT A</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">FORM OF BORROWING REQUEST</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Bank of Nova Scotia</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Global Wholesale Services &#8211; Loan Administration</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">720 King Street West, 2nd Floor<br>
              Toronto, Ontario</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">M5V 2T3</font></div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="ze7a49163018b4263ae736a783f6ffcd4" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="vertical-align: top; width: 63pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Team Leader or Senior Loan Officer</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z8798c91c36d2467da6e8732d97b708ad" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="vertical-align: top; width: 63pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Facsimile:</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(416) 866-5991</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin Power &amp; Utilities Corp. (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Borrower</font>&#8221;)



              refers to the credit agreement dated as of November 19, 2012, between the Borrower and The Bank of Nova Scotia (as amended, supplemented or restated from time to time, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
                font-weight: bold;">Credit Agreement</font>&#8221;).&#160; Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In accordance with Section 2.02 of the Credit Agreement, the Borrower hereby requests the following advance:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">The advance shall be made from:</font></div>
          <div><br>
          </div>
          <div>
            <div>
              <div>
                <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zb989d007a5a64344a5e41d01352900c0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                    <tr style="vertical-align: top;">
                      <td style="width: 72pt;">&#160;</td>
                      <td style="vertical-align: top; width: 36pt;">
                        <div style="text-align: justify;"><font style="text-align: justify; font-size: 10pt; font-family: 'Times New Roman';">[</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#160; ]</font></div>
                      </td>
                      <td style="align: left; vertical-align: top; width: auto;">
                        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Revolving Credit Facility</font></div>
                      </td>
                    </tr>

                </table>
              </div>
            </div>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zdb8147da8fc64c6da2a19f528b695cf8" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                <tr style="vertical-align: top;">
                  <td style="width: 72pt;">&#160;</td>
                  <td style="vertical-align: top; width: 36pt;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman';">]</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Bulge Facility</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font>&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">The requested date of advance is [&#160; ]</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">The account of the Borrower to which the funds
              are to be disbursed is [&#160; ]</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">The advance is to consist of:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6dcec4d22c6540b7afabdb5ed295b4fb">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Canadian Prime Rate Loans aggregating CDN $ [&#160; ]</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze18ffa446290488c808abc90eaec8d8e">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">U.S. Base Rate Loans aggregating U.S. $ [&#160; ]</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z8e7298289f7c442998bc894c7dc48463">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">LIBOR Loans aggregating U.S. $ [&#160; ]</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze5ff73d508184057a2ab197ef941db2d">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Bankers&#8217; Acceptances aggregating CDN $ [&#160; ]</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z52e84fdab14641f5a10004dcc52943d0">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a Letter of Credit in the amount of CDN $ / U.S. $ [&#160; ] and on the terms and conditions specified in the application for letter of credit submitted with this
                          Borrowing Request</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">If the <font style="font-size: 10pt;
                font-family: 'Times New Roman';">advance</font> consists of:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z37cae8b63dfa46a99407d423d5858bd2">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">LIBOR Loans, the LIBOR Period is to be [&#160; ] months with a maturity date of [&#160; ]</font></div>
                    </td>
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              </table>
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          <div><br>
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            <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">-2-</font></div>
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                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Bankers&#8217; Acceptances, the BA Period is to be [&#160; ] months with a maturity date of [&#160; ]</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">If the advance consists of a Letter of
              Credit:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zca1050d03eac46c180765c765d69bf91">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the date of issuance is to be [&#160; ]</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zad388df7742c46a983c532d6e55912d8">

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                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the face amount is to be CDN $ / U.S. $ [&#160; ]</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z2b02c564940b4ce2b6759b0994790fb1">

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                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the expiry date is to be [&#160; ]</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1ff847e013fa4ee2b9271c896d7e0f0f">

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                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the name and address of the beneficiary is as follows:</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
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          <div>
            <table cellspacing="0" cellpadding="0" border="0" id="z3543318acc524e41a84af514bc3e2274" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

                <tr>
                  <td style="width: 18%; padding-bottom: 2px;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 82%; border-bottom: 2px solid rgb(0, 0, 0);">
                    <div>&#160;</div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <table cellspacing="0" cellpadding="0" border="0" id="9775115b93bd4ed989a7da118b70eac2" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 18%; padding-bottom: 2px;">&#160;</td>
                <td style="width: 82%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>

          </table>
          <div><br>
          </div>
          <table cellspacing="0" cellpadding="0" border="0" id="bd8d9ea5efcc4a0f8532c16e9c9d6832" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 18%; padding-bottom: 2px;">&#160;</td>
                <td style="width: 82%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>

          </table>
          <div><br>
          </div>
          <table cellspacing="0" cellpadding="0" border="0" id="6746c671698e48fe8cdf9697e09175dd" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 18%; padding-bottom: 2px;">&#160;</td>
                <td style="width: 82%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>

          </table>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z568f2dc5139b4bde9b0a63cce3b14c53">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">it is a [Financial/Non-Financial] Letter of Credit</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z5d001cd5cfd1428a816ab81e7c0aba35">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vi)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the other terms and conditions or other particulars of such Letter of Credit are attached as a schedule hereto</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Borrower hereby certifies that:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1307b519090f470bb9dd541155e1cc29">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the representations and warranties of the Borrower set forth in Article III of the Credit Agreement are true and correct on and as of the date hereof as if made as of
                          the date hereof unless such representations and warranties expressly refer to a different date; and</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zbaaf5f8749324bdead6841a303c75d9a">

                  <tr>
                    <td style="width: 72pt;"><br>
                    </td>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">no Default or Event of Default shall have occurred and be continuing at the time of and immediately after giving effect to the requested advance.</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Dated _____________, _________.</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
            </font></div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z92307fd01629472eb85d1bad201b7f9b">

              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td colspan="3" style="vertical-align: top;">
                  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
                </td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td colspan="3" style="vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                  <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By</font></div>
                </td>
                <td style="width: 18%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: left;"><br>
                  </div>
                </td>
                <td style="width: 27%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;"> <br>
                </td>
                <td style="vertical-align: top;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></td>
                <td style="vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;"> <br>
                </td>
                <td style="vertical-align: top;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></td>
                <td style="vertical-align: top;">&#160;</td>
              </tr>

          </table>
          <div> <br>
          </div>
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          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">EXHIBIT B</font></div>
          <div><br>
          </div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">FORM OF COMPLIANCE CERTIFICATE</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">TO:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">The Bank of Nova Scotia (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bank</font>&#8221;)</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;">
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z532af5660ddb4fa681951fedb0d8ef6a">

                  <tr>
                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">RE:</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Credit Agreement dated as of November 19, 2012 between the Borrower and the Lender (as amended, supplemented or restated from time to time, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Credit Agreement</font>&#8221;). Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such terms in the Credit
                          Agreement.</font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The undersigned, the [ ] of the Borrower, hereby certifies, in that capacity and not personally and without personal liability, as
              follows:</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">I have read and am familiar with the provisions of the Credit
              Agreement and I have made such examinations and investigations, including a review of the financial statements of the Borrower and the applicable books and records of the Borrower as I have deemed necessary, to enable me to express an
              informed opinion as to the matters set out herein.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">As of [ ], the Borrower is in compliance with the Consolidated
              Indebtedness to Consolidated Total Capitalization ratio set out in Section 5.11 of the Credit Agreement, as demonstrated in the attached worksheet</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Each of the representations and warranties contained in Article
              III of the Credit Agreement is true and correct on and as of the date hereof as if made as of the date hereof, unless such representations and warranties expressly refer to a different date.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">No Default or Event of Default has occurred and is continuing on
              the date hereof.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Since the date of the last Compliance Certificate, no event has
              occurred for which notice is required to be provided but has not been provided to the Lender in accordance with the terms of Section 5.02.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Attached hereto is an updated Schedule 3.16 (Algonquin
              Organization Chart).</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">[Attached hereto is an updated Schedule 1.01 (Material
              Subsidiaries).] [Note: To be included with Compliance Certificate for audited annual financial statements only.]</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This certificate is delivered to you pursuant to Section [4.01(g)/5.01(c)] of the Credit Agreement.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Dated _________________ , ________________.</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
            </font></div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zf6c3f541f1e840b9a1f47ba658f1ade4">

              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td colspan="3" style="vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td rowspan="1" colspan="3" style="vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
                </td>
                <td style="width: 18%; vertical-align: top;"><br>
                </td>
                <td style="width: 27%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td colspan="2" style="vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
                </td>
              </tr>
              <tr>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td colspan="2" style="vertical-align: top;">
                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
                </td>
              </tr>

          </table>
          <div><br>
          </div>
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          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">EXHIBIT C</font></div>
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          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">FORM OF CONVERSION/CONTINUATION NOTICE</font></div>
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          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Bank of Nova Scotia</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Global Wholesale Services &#8211; Loan Administration</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">720 King Street West, 2nd Floor</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Toronto, Ontario</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">M5V 2T3</font></div>
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            <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z0597057d8be6458e98e09929d9d28aa5" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

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                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:</font></div>
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                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Team Leader or Senior Loan Officer</font></div>
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          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
            </font></div>
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                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Facsimile:</font></div>
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                    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(416) 866-5991</font></div>
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          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin Power &amp; Utilities Corp. (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Borrower</font>&#8221;)



              and The Bank of Nova Scotia as Lender are parties to the credit agreement dated as of November 19, 2012 (as amended, supplemented or restated from time to time, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight:
                bold;">Credit Agreement</font>&#8221;).&#160; Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.</font></div>
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          <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In accordance with Section 2.06 of the Credit Agreement, the Borrower hereby requests the following conversion/continuation:</font></div>
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              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z395c2adb72ab4425a7f0aa5845a21dc4">

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                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
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                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The date for the conversion/continuation is to be [&#160; ]</font></div>
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                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
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                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The conversion/continuation is to be:</font></div>
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              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zdc147f1be1a24f7f9828129f1b8b6135">

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                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
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                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a conversion of [&#160; ] in the aggregate amount of CDN $ / U.S. $ [&#160; ]&#160; to [&#160; ]</font></div>
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              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z04d7f6b006194ab8a6d8bae5247f05ae">

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                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
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                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a continuation of LIBOR Loans in the aggregate amount of U.S.$ [&#160; ] having a current maturity date of [&#160; ]</font></div>
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              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd39b7793d3bb4cc489a4348e20ae81b6">

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                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
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                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a continuation of Bankers&#8217; Acceptances in the aggregate amount of CDN $ [&#160; ]&#160; having a current maturity date of [&#160; ]</font></div>
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                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font></td>
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                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If the continuation relates to:</font></div>
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              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zfe19f8d6bc624f618d96fbf20a6e4ea2">

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                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a LIBOR Period for maturing LIBOR Loans, the new LIBOR Period is to be [&#160; ] with a maturity date of [&#160; ]</font></div>
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              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zcc30659a34d044f4a77150cfe1a8ab7a">

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                    <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ]</font></td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a BA Period for maturing Bankers&#8217; Acceptances, the new BA Period shall be [&#160; ] with a maturity date of [&#160; ]</font></div>
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          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Borrower hereby certifies that no Default or Event of Default exists as of the date hereof.</font></div>
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          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Dated ______________, ________.</font></div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
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          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z9d62a27cd0514311846f9a5eea2e4431">

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                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
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                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
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                <td rowspan="1" colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
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                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
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                <td style="width: 18%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 27%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
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                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
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                  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
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