EFTA01366450.pdf

Amendment #4 Page 21 of 868 such ageement NA otherwise reduce our net CIO provided by operatng lidevaleS and trili) plus d mina Operating Items as necessary to present the cash non we deem representative of our core Dupree. operabons. with the approval d the audit canmatee Our ntenbon ieto cause Global US to distribute a porbon of the CAFD generated by as project portfolio to its menders eadi quarter after apoopnate reserves for our worlang capital reeds and the pr Bert conduct of our busress. For fuller discussion of cash available for detelidon incluing a reconciliation of net cash worded by (used in) operating attritive to cash available for dstntubon and a dsosision of in Intatons see footnote (2) under the headng '—Summery historical and pro forma financial data' elsewhere in this prospectus Our business strategy Our primary business strategy is to rcrease the cash dmdends we pay to the rotifers d our Oass A common stock ewer bme Our plan for executing this strategy ircludes tte folowing. Focus on long-term contracted clam poser generation assets. fill praects included in air initial patrol*, together with any cal tight prated that we acquire. we have a FAA with a credtworthy cc...interparty or he st.tsect to a similar &Rake arrangement such as a feed-in tariff program We intend to focus on ownna and operating long4erm contracted dean power generation assets with proven technologes low operating risks and steed cash flows consistent wehair neat portfolio We believe industry Vence, will support sign/Scant growth opportunities for longterm contracted power in the dean power generaton segment as vanois emerging markets continue to faddy grow their eleancity usage and approach pia panty Grow ow business through acquisitions of iong-term contracted operating assets Vie intend to acqure additional Ong-term contracted clean power generate.) assets tram ou Sponsor and unattained third panes to increase our CAFD The Support Agreement establishes (0 a minimum commitment from our Sponsor to provide is with S1 4 baron of Protected FTM CAFD through the fen anniversary of the corrpletion of the offering which will be Wished ether through (x) Ire option to acquire the Omitted Call Right Projects, which currently represent an aggregate capacity d approximately 4,296 MW, or (y) the option to acquire additional poects from our Sponsofs development pipeline Ind will in are future be designated as Call Right Prodols, and 01) a right of fen offer on the SurEdson RCf 0 Protects We also nave Trot-Party Call Runt Projects and expect to enter into adatoral cal nghts agreemerts wth tried pubes Gwen the strong growth trends el our inn al target markets, we also expect to have signecant oppatunbes to acqure other dean power generabcn assets from third-party developers, independent power occluded and fnanoal investors We believe Ott acossition strateges. based on an enenswe knowledge of the market third-party relationships, operating expertise and access to capital, will enrance our abety to grow arid generate CAFD and provide us vnth a compelled advantage in waiting new assets. AttrocThro, high-proof ant ekes fro intend to initially focus on the solar and wind energy segments because we beene they are ctrrenty the fastest growing segments of the clean power generation industry globally and offer aeradwe opportunists to own assets and deploy long-term capdal Cat to the predictability of at! cash flows and the hydro-eledric energy segment because we believe its signrticant !market sue presents numerous investment opportunities Also, we believe the solar wind and hydroelectnc energy segments are attractive because there is no associated fuel cost risk, trier associated Ceche-clog*, have become highly reliable and, based on the experience dot Sponsor, requre low operational and maintenance expenditures and a low level of interaction from managers as compered to conventional energy assets Solar wind and hyrro,elecInc proects also have an expected life whch can exceed 30 years In edition, the projects el Our mewl portfolio generally operate under long-term FPAs with terms of up to 30 years 13 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0057978 CONFIDENTIAL SDNY_GM_00204162 EFTA01366450