Date Closed

March 10, 2010

Lead Office

Toronto

Value

194.50 Million CAD

On March 10, 2010, certain affiliates of Boralex Inc. and The Manufacturers Life Insurance Company closed a C$194.5 million secured loan for the re-financing of a 40 megawatt project comprised of four wind power generation projects (the “Phase I Project”) and the financing of a 50 megawatt project comprised of five wind power generation projects (the “Phase II Project”). Each of the nine projects is a 10 megawatt nameplate capacity wind energy facility situated in or near the municipality of Chatham, Ontario. The Phase I Project has been operating since January 2010 and the Phase II Project is currently under construction. The secured loan for the Phase I and Phase II Projects was arranged by The Manufacturers Life Insurance Company, acting as agent for a syndicate of lenders.

McCarthy Tétrault LLP acted for the syndicate of lenders in connection with the re-financing and financing of the projects.