Contract analysis

From: Megan Chu <mchu@calderwoodharkness.com> To: James Prentice <jprentice@calderwoodharkness.com> Cc: Leonard Cross <lcross@calderwoodharkness.com> Date: Wed, 08 Nov 2023 02:47:00 -0000 Subject: HSR Early Termination Granted — CBR / Lumen Ridge JV [C&H Matter No. 48172.001]

Pleased to report that the FTC has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the proposed formation of the joint venture between Calloway-Briggs Renewables Inc. and Lumen Ridge Infrastructure Partners LLC.

- **HSR Filing Date:** October 18, 2023 - **HSR Transaction Number:** 20231018-CBR-LRI - **Early Termination Granted:** November 8, 2023 (21 days from filing)

This clears the HSR condition to closing. No further antitrust filing or waiting period requirements remain outstanding for this transaction, and the early termination satisfies the applicable closing condition under Section 7.1(c) of the JV Agreement. The parties are now free to proceed toward closing without any HSR-related hold.

With this milestone behind us, the team can turn its full attention to the remaining pre-closing workstreams.

On the administrative side, I will upload a copy of the FTC's early termination notice to the deal data room and matter files shortly.

Please let me know if you have any questions.

--- **Megan Chu** Associate, Mergers & Acquisitions **Calderwood & Harkness LLP** 1000 Louisiana Street, Suite 5500 Houston, TX 77002 T: (713) 855-4210 E: mchu@calderwoodharkness.com