Contract analysis

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Contract analysis / cover-letter-first-draft-ppa.docx

cover-letter-first-draft-ppa.docx

1015-00002 · 14 clauses

High · 1 Medium · 0 Standard · 2

1. Power Purchase Agreement (Seller's Form — First Draft), dated July 14, 2025;

1. Power Purchase Agreement (Seller's Form — First Draft), dated July 14, 2025;

2. Exhibit A — Facility Description and Site;

2. Exhibit A — Facility Description and Site;

3. Exhibit B — Contract Price and Escalation Schedule; Standard

⚑ Commercial term

3. Exhibit B — Contract Price and Escalation Schedule;

4. Exhibit C — Form of Guaranty (Buyer Corporate Guarantee);

4. Exhibit C — Form of Guaranty (Buyer Corporate Guarantee);

5. Exhibit D — Form of Letter of Credit (Seller Availability LC);

5. Exhibit D — Form of Letter of Credit (Seller Availability LC);

6. Exhibit E — Insurance Requirements; and

6. Exhibit E — Insurance Requirements; and

7. Exhibit F — Form of Lender Consent Agreement. High

⚑ Penalty / liquidated damages

7. Exhibit F — Form of Lender Consent Agreement. The foregoing constitute the complete set of documents comprising the initial draft of the PPA package. Should you have any difficulty opening or reviewing any of the enclosed materials, please do not hesitate to contact us immediately. Project Overview By way of background, the PPA relates to the Saguaro Flats Solar Project (the "Project"), a ground-mounted, single-ax

1. Power Purchase Agreement (Seller's Form — First Draft), dated July 14, 2025

1. Power Purchase Agreement (Seller's Form — First Draft), dated July 14, 2025

2. Exhibit A — Facility Description and Site

2. Exhibit A — Facility Description and Site

3. Exhibit B — Contract Price and Escalation Schedule Standard

⚑ Commercial term

3. Exhibit B — Contract Price and Escalation Schedule

4. Exhibit C — Form of Guaranty (Buyer Corporate Guarantee)

4. Exhibit C — Form of Guaranty (Buyer Corporate Guarantee)

5. Exhibit D — Form of Letter of Credit (Seller Availability LC)

5. Exhibit D — Form of Letter of Credit (Seller Availability LC)

6. Exhibit E — Insurance Requirements

6. Exhibit E — Insurance Requirements

7. Exhibit F — Form of Lender Consent Agreement

7. Exhibit F — Form of Lender Consent Agreement cc: Rachel Muñoz, General Counsel, Calloway-Briggs Renewables Inc. Janet Okafor, SVP, Origination & Commercial, Calloway-Briggs Renewables Inc. Brett Callahan, Calderwood & Harkness LLP David Stanton, Calderwood & Harkness LLP