EFTA01366583.pdf

Amendment #4 Page 154 of 868 Ceetaten In adcliton to acquinng clean power generaton assets from our Sponsor, we intend to pursue ad:Monad acquisition opportunities that are complementary to Oil business from 'retaliated toed parties. See 'Business—Cur business strategy' Seasonally The amount of electncty our soar power generaton assets produce * dependent in part on the amount of sure^ a Irradiator, where the assets are located Because storter daylight rotes in winter months result in less irradaton. the generation of particular assets will vary dependeg on the season and year. Additionally. Ire pare load factor of wind energy generates and the arrount of electnoty generated by, and the profitability of. our weld projects depend on meteorological conditions, particularly wind cameos's. which can vary across seasons and years The wind energy generators work only when wind speeds exceed wen thresholds and if wed speeds are esulticieM, the electron/ oulpu Iran these wind farms will decrease or cease Hydrpelectic generators are dependent on water flows, which vary from season to season as a result of fainted snowfall and snowmett To the extent more of as solar power generation assets are located in tie northern or southern hemisphere. onset generation of our entre asset portfolio could be mpactect by seasonality Mlle we expect seasoner vanablty to occur, we expect aggregate seasonal vanablity lo decrease If geographic dwersity of our portfolio between the new n and tout rem remisprere ncreases Location of power generation assets/tax repatnation WT awe wit be taxpayer slow-artery sil l:tor assets are boated in foreign tax priscbctons, and we expect that we will sceptre additional power generation assets n foreign tax jurisildons in the future. Changes in tax rates and the application of foreign tax werholding requirement in foreign juntutiona where we own power generation assets mil impact the contsbubon from such assets to cash avateble for distribution In Older to mammae withholdings at the project level, cash from profits may be mairtaned at the local legal entity level for future acqusitons Intercompany bans may be structured at the parent level to allow for the efficient flow of cash and to fund the dwdentl requirements Cash distdbutlon restrictions In many cases we obtain project-level fronting ta our clean power generation assets These project Inning arrangerrerts typically restrict the ablfty Cl our project Sutegoanes to dstob.te funds 10 us ulless specific financial thresholds are satisfied on speeded cbtes Although Our caleutation of cash available for deribdion or 'CAFID,' will reflect the cash generated by such project minder's we may not have sufficient holiday to make corresponding distributions until me cash is actually dstribuied andror such financial thresholds are totaled As a resut LLC may incur borrowings Meer our Revolver to find dividends or increase our reserves for the violent Conduct of Our business Foreign exchange Our operating result are reported InV S dollars However. most Cl our remedies/el revenues and expenses are generated in currencies otter then U S dollars (inducing Chinese Yuan Renmintx, Elation Real, I Wen Rupee. Marayvan Revue, South African Rand, Teen Bahl and other currencies) Asa result, we expect our revenues and expenses will be exposed to tertian extharge fluctuations in local currencies where our clean power generation assets are located We intend to use deuvatve financial instruments, such as purchasing 146 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-0058111 CONFIDENTIAL SDNY GM_00204295 EFTA01366583