EFTA01366552.pdf

Amendment #4 Page 123 of 868 lartIrlf Co1Mmt Tirisacton (PESRL, Eob, Cerro De Hda) until after the complet on of this offenng upon receipt of the necessary governmental and lender consents The periwig governmental corrects we admnstratwe in nature and have required statutory renew periods that will not have teen completed at the time of this offenng ere have forecasted that the ESCRA project trot is pan of the Renova Transaction and the PESRL, Edo and Cerro de Hu. projects test are part of the GIAE Transaction wm C011edively contrtute an aggregate of $78 3 trillion and S99 1 mu on to our operating revenues and S21 4 !neon and $22 9 ninon to our estimated cash available for OstribillOn by Gebel LLC for Pu'Poses d our protected estimated cash available for Osestution for Ile twelve mOntre axing June 30.2016 and December 31. 2016. respects/My These forecasted amounts may prove to be inaccurate x we do riot corrplete or otherwise encounter unexpected delays in the completion of these Pending Acquisitors Except as part of the compleUon of tro Pe dig Acquisitions. we rove assumed trot we we not make any addit oriel acquisitions during the forecast periods See 'Risk factors-Reles related to our business-Our Wonted and unaudited pro /orate financial information included elSewhere in MS p'ospedi8 assn es the completion of an of the Pending Acquisitions • kregavelShours sold Our Malty to generate sufficient cash available for ctstribueon to pay dredends to holders of our Class A common stocks primarily a function or tne volume or electricity generated and sold by our seer energy projects as well as, to a lesser &ter( where applicable, otter environmental attributes related to energy generation The volume of eleCtridty generated and sold by as projects dung a particular period is also impacted by Ire minter of projects that have commenced commerce' Operators, es well as tom scheckted and unexpected repair and maintelanCe required to keep our proodtrOperabortal The volume of eledneity generated and Sold by Our projects will be negatwely impacted a arty protects experience tiger than norrrel downtime as a result of ecupmed failures electrical grid arupton or adorned. weather cksrupbons or other events beyond out control We have assumed that unweaned ottages during the forecast periods me be consistent with our historical experience As of March 31, 2015, the weighted average (based Co megawatts) remaining ire of our PPM was 19 years lancing under the PPAs is contracted for the duration or the contract for all projects Certan of our PPM will have price escalators based on an index (such as the consumer price index) or otter rates specified in the applicable FPA Regulatory• industry and economic factors Cur estrnated results of operator. for the forecasted period are based on the following assumptore related to regulatory, industry and economic factors • the Penang Acquisitons will be completed on the timetables arrently contemplated and there will be no delays ri the expected COD for the Contnbuted Construction Protects. • ho media nonpedorrnance or credl-rekded defaults Of customers, suppliers, our Spossor or any of Our OaCtOrrierS, • no new or material amendments to national, provincial, slate and local laws or regulations (including lax laws, tariffs and regUations), or interpretation or application existing laws or regulations. relating to renewable energy generals/. a soar energy specifically trot in ether case will be materially adverse to our hisress or our suppliers, our scooters or an/ of our customers' businesses or operations, • no materiel adverse effects to our business, industry or our suppler's', our Sponsors a ate el our al:donors' businesses or operations on account of natural dsasters 115 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-0058080 CONFIDENTIAL SDNY GM_00204264 EFTA01366552