Cascades Inc. 404, boul. Marie-Victorin, Kingsey Falls (Québec) Canada JOA 1B0 Téléphone: (819) 363-5100 Télécopieur: (819) 363-5155 www.cascades.com • info@cascades.comIrrevocable Support and Voting Agreement • May 20th, 2010 • Boralex Inc. • Quebec
Cascades Inc. (the “Holder”) understands that Boralex Power Income Fund (the “Fund”) and Boralex Inc. (“Boralex”) wish to enter into a support agreement dated as of the date hereof (the “Support Agreement”) pursuant to which Boralex, directly or through a wholly-owned direct or indirect subsidiary, will make an offer by way of takeover bid (the “Offer”) to purchase all of the issued and outstanding trust units in the capital of the Fund for $5.00 principal amount of Convertible Debentures (as defined in the Support Agreement) per trust unit, all on and subject to the terms and conditions of the Support Agreement.
May 4, 2010 Boralex Power Income Fund 772 Sherbrooke St. West, Suite 200 Montreal, Quebec, H3A IGI Dear Sirs/Madams: Re: Irrevocable Support and Voting AgreementIrrevocable Support and Voting Agreement • May 20th, 2010 • Boralex Inc. • Quebec
Edward J. Kernaghan (the “Holder”) understands that Boralex Power Income Fund (the “Fund”) and Boralex Inc. (“Boralex”) wish to enter into a support agreement dated as of the date hereof (the “Support Agreement”) pursuant to which Boralex, directly or through a wholly-owned direct or indirect subsidiary, will make an offer by way of takeover bid (the “Offer”) to purchase all of the issued and outstanding trust units in the capital of the Fund for S5.00 principal amount of Convertible Debentures (as defined in the Support Agreement) per trust unit, all on and subject to the terms and conditions of the Support Agreement.
