[sheet: Cover & Summary]

Field	Detail
Document Title	Funds Flow Memorandum — Closing Date Wire Instructions
Transaction	Solstice Portfolio Tax-Equity and Transferable Credit Financing
Closing Date	December 8, 2023
Originally Scheduled Closing Date	November 30, 2023
Reason for Delay	Pending final ERCOT interconnection confirmation for Amistad Solar project (45 MW, Val Verde County, TX); COD achieved November 18, 2023
Prepared By	Leila Nazari / Robert Jansen, Calderwood & Harkness LLP
C&H Matter No.	1015-00005
C&H Billing No.	78204-001
C&H Office	600 Lexington Avenue, New York, NY 10022 / 1000 Louisiana Street, Suite 3800, Houston, TX 77002
Responsible Partner	Leonard Cross, Partner, Tax
Billing Partner	Sylvia Hartwell, Partner, Tax
Project Finance Support	Monica Chu, Partner, Project Finance
Sponsor / Client	Calloway-Briggs Renewables Inc. (CBR)
Sponsor Address	2700 Post Oak Boulevard, Suite 1450, Houston, TX 77056
Sponsor EIN	84-3291076
Tax-Equity Partnership Vehicle	Solstice Holdings, LLC (EIN: 88-4071523)
Managing Member	CBR Solstice Manager, LLC (EIN: 88-4071597)
Tax-Equity Investor	Ridgeline Capital Partners, LLC (EIN: 13-4827651)
Transferable Credit Buyer	Pinehurst Insurance Group, Inc. (EIN: 06-1938274)
Escrow Agent	Clearwater Escrow Services, Inc.
Escrow Account No.	CES-2023-80114
Construction / Back-Leverage Lender	Osprey National Bank, N.A.
Construction Facility Agreement No.	ONB-PF-2022-0341
Back-Leverage Facility Agreement No.	ONB-PF-2023-0587

Governing Law (Transaction Documents)	New York
Total Deal Value	$180,000,000
Total Closing Date Funds Movement	$253,600,000 (gross, before netting)
Signing Date (LLCA, TCPA, Ancillary Docs)	September 21, 2023

CONFIDENTIAL — ATTORNEY-CLIENT PRIVILEGED

[sheet: Sources of Funds]

Item No.	Source Entity	Description	Related Agreement / Reference	Amount ($)	Funding Mechanism	Notes
1	Ridgeline Capital Partners, LLC	Tax-equity capital contribution — 1st tranche (80% of $120,000,000 total commitment)	Capital Contribution Agreement dated September 21, 2023; LLCA Section 3.1(a)	$96,000,000	Release from Clearwater Escrow Account CES-2023-80114	2nd tranche of $24,000,000 due by February 6, 2024 (60 days post-final COD, extended per agreement)
2	Pinehurst Insurance Group, Inc.	Tax credit purchase price — $60,000,000 face-value ITCs × $0.92 per $1.00 of credit	Tax Credit Purchase Agreement (TCPA) dated September 21, 2023	$55,200,000	Release from Clearwater Escrow Account CES-2023-80114	Deposited into escrow 5 business days prior to closing; released upon delivery of executed Transfer Election Statements and closing certificate
3	CBR Solstice Manager, LLC	Managing member capital contribution (2% of Ridgeline commitment per Rev. Proc. 2007-65)	LLCA Section 3.1(b); Intercompany Contribution Agreement	$2,400,000	Wire transfer from CBR operating account	Funded by Calloway-Briggs Renewables Inc. through CBR Solstice Manager, LLC (disregarded entity)
TOTAL SOURCES	$153,600,000

[sheet: Uses of Funds]

Item No.	Payee Entity	Description	Related Agreement / Reference	Amount ($)	Payment Mechanism	Notes
1	Solstice Holdings, LLC — Operating Account at Osprey National Bank, N.A.	Ridgeline 1st tranche capital contribution credited to Solstice Holdings	Capital Contribution Agreement; LLCA	$96,000,000	Wire from Clearwater Escrow	Funds held in Solstice Holdings operating account pending deployment
2	Calloway-Briggs Renewables Inc. — CBR Operating Account	Credit purchase price proceeds from Pinehurst	TCPA dated September 21, 2023	$55,200,000	Wire from Clearwater Escrow	CBR retains additional $4,800,000 face-value ITCs for own use
3	Solstice Holdings, LLC — Operating Account at Osprey National Bank, N.A.	CBR Manager capital contribution	LLCA; Intercompany Contribution Agreement	$2,400,000	Wire from CBR operating account	2% minimum contribution per Rev. Proc. 2007-65
4	Osprey National Bank, N.A.	Partial repayment of construction facility draws (ONB-PF-2022-0341)	Construction Loan Agreement ONB-PF-2022-0341; Back-Leverage Intercreditor and Consent Agreement	TBD per Osprey payoff letter	Wire from Solstice Holdings operating account	Amount to be confirmed by Osprey payoff letter; represents partial paydown of $245,000,000 construction facility. Residual balance refinanced into $68,000,000 back-leverage term loan (ONB-PF-2023-0587)
5	Calderwood & Harkness LLP	Legal fees and success fee	Engagement Letter dated June 15, 2023	$1,537,500	Wire from CBR operating account	Actual billed fees of $1,387,500 plus $150,000 success fee upon closing; expenses capped at $45,000 excl. filing fees
6	Clearwater Escrow Services, Inc.	Escrow agent fees	Escrow Agreement dated September 21, 2023	TBD per fee schedule	Wire from CBR operating account	Per fee schedule in Escrow Agreement
TOTAL USES (identified amounts)	$155,137,500	Total excludes TBD amounts for Osprey payoff and Clearwater escrow agent fees

[sheet: Funds Flow Sequence]

Step No.	Timing	Action	From Entity	From Account Description	To Entity	To Account Description	Amount ($)	Condition Precedent to Release	Confirmation Procedure
1	9:00 AM ET	Release Ridgeline 1st tranche from escrow	Clearwater Escrow Services, Inc.	Escrow Account CES-2023-80114	Solstice Holdings, LLC	Solstice Holdings Operating Account at Osprey National Bank, N.A.	$96,000,000	Receipt by Clearwater of joint release instructions signed by CBR and Ridgeline; delivery of all closing deliverables per Closing Checklist; Officer's Closing Certificate of CBR dated December 8, 2023	Clearwater to provide wire confirmation (Fed reference number) to Leonard Cross (C&H), David Lim (Ridgeline), and Priya Anand (CBR) by email within 30 minutes of execution
2	9:00 AM ET (concurrent with Step 1)	Release Pinehurst credit purchase price from escrow	Clearwater Escrow Services, Inc.	Escrow Account CES-2023-80114	Calloway-Briggs Renewables Inc.	CBR Operating Account	$55,200,000	Delivery of executed Transfer Election Statements (IRS § 6418) for all seven project companies; Officer's Closing Certificate; Tax Opinion Letter to Pinehurst from C&H dated December 8, 2023	Clearwater to provide wire confirmation to Leonard Cross (C&H), Alec Drummond (Pinehurst), and Theo Vasquez (CBR) by email within 30 minutes of execution
3	9:30 AM ET (upon confirmation of Steps 1 and 2)	CBR Manager capital contribution to Solstice Holdings	CBR Solstice Manager, LLC (funded by Calloway-Briggs Renewables Inc.)	CBR Operating Account	Solstice Holdings, LLC	Solstice Holdings Operating Account at Osprey National Bank, N.A.	$2,400,000	Confirmation of receipt of Steps 1 and 2	Osprey National Bank to confirm receipt to Priya Anand (CBR), David Lim (Ridgeline), and Leila Nazari (C&H)
4	10:00 AM ET (upon confirmation of Steps 1–3)	Partial repayment of Osprey construction facility	Solstice Holdings, LLC	Solstice Holdings Operating Account at Osprey National Bank, N.A.	Osprey National Bank, N.A.	Construction Facility Loan Account (ONB-PF-2022-0341)	TBD per Osprey payoff letter	Confirmation of Steps 1–3; delivery of Osprey payoff letter	Frank DiNapoli / Anita Reyes (Osprey) to confirm paydown amount and release of construction liens; UCC-3 amendments to be filed post-closing
5	10:30 AM ET (upon confirmation of Step 4)	Payment of C&H legal fees and success fee	Calloway-Briggs Renewables Inc.	CBR Operating Account	Calderwood & Harkness LLP	C&H Client Trust / Operating Account	$1,537,500	Closing completed; invoice delivered	C&H accounting to confirm receipt to Sylvia Hartwell (Billing Partner)
6	10:30 AM ET (concurrent with Step 5)	Payment of Clearwater Escrow agent fees	Calloway-Briggs Renewables Inc.	CBR Operating Account	Clearwater Escrow Services, Inc.	Clearwater Operating Account	TBD per fee schedule	Per Escrow Agreement fee schedule	Clearwater to confirm receipt to James Harding
7	11:00 AM ET (upon confirmation of Steps 1–6)	Closing call — all parties confirm completion	N/A	N/A	N/A	N/A	N/A	All wire confirmations received by C&H	Leonard Cross (C&H) to host closing call; circulate closing confirmation email to all parties; Leila Nazari to distribute final closing binder index
8	By 5:00 PM ET	Distribution of fully executed closing documents and wire confirmation log	Calderwood & Harkness LLP	N/A	All parties	N/A	N/A	All funds confirmed received	Leila Nazari (C&H) to circulate closing binder and wire confirmation log via email and secure file share

[sheet: Wire Instructions]

Payee Entity	Account Name	Bank Name	Bank Address	ABA Routing Number	Account Number	SWIFT Code	Reference / Memo	Authorized Contact for Confirmation	Contact Phone	Contact Email
Solstice Holdings, LLC	Solstice Holdings, LLC — Operating Account	Osprey National Bank, N.A.	300 Madison Avenue, New York, NY 10017	021-XXX-XXX	[ACCOUNT NO.]	OSPYUS33	Solstice Portfolio — Closing 12/08/2023 — Capital Contribution	Anita Reyes, VP, RE Lending	(212) XXX-XXXX	areyes@ospreybank.example.com
Calloway-Briggs Renewables Inc.	CBR Operating Account	Osprey National Bank, N.A.	300 Madison Avenue, New York, NY 10017	021-XXX-XXX	[ACCOUNT NO.]	OSPYUS33	Solstice Portfolio — Closing 12/08/2023 — Credit Sale Proceeds	Theo Vasquez, CFO	(713) XXX-XXXX	tvasquez@cbrenewables.example.com
Osprey National Bank, N.A.	Construction Facility Loan Account (ONB-PF-2022-0341)	Osprey National Bank, N.A.	300 Madison Avenue, New York, NY 10017	021-XXX-XXX	[LOAN ACCOUNT NO.]	OSPYUS33	Partial Paydown — ONB-PF-2022-0341 — Solstice Portfolio	Frank DiNapoli, MD, Project Finance	(212) XXX-XXXX	fdinapoli@ospreybank.example.com
Calderwood & Harkness LLP	C&H Client Trust Account	Greaves Bancorp	383 Madison Avenue, New York, NY 10179	021-XXX-XXX	[ACCOUNT NO.]	CHASUS33	Matter No. 1015-00005 / Billing No. 78204-001	Sylvia Hartwell, Billing Partner	(212) XXX-XXXX	shartwell@calderwoodharkness.example.com
Clearwater Escrow Services, Inc.	Clearwater Operating Account	Ridgeway Capital Markets	388 Greenwich Street, New York, NY 10013	021-XXX-XXX	[ACCOUNT NO.]	CITIUS33	Escrow Agent Fees — CES-2023-80114	James Harding, VP	(212) XXX-XXXX	jharding@clearwaterescrow.example.com

[sheet: Confirmation & Authorization]

Party	Role	Authorized Signatory / Contact	Title	Phone	Email	Callback Procedure
Calloway-Briggs Renewables Inc.	Sponsor / Seller	Theo Vasquez	CFO	(713) XXX-XXXX	tvasquez@cbrenewables.example.com	Verbal callback to confirm wire initiation; written confirmation via email upon receipt
Calloway-Briggs Renewables Inc.	Sponsor — Day-to-day	Priya Anand	VP, Project Finance	(713) XXX-XXXX	panand@cbrenewables.example.com	Secondary contact for wire confirmation
Ridgeline Capital Partners, LLC	Tax-Equity Investor	David Lim	Vice President	(212) XXX-XXXX	dlim@ridgelinecapital.example.com	Verbal callback to confirm escrow release authorization
Ridgeline Capital Partners, LLC	Tax-Equity Investor — Senior	Samara Okonkwo	Partner, Head of RE Investments	(212) XXX-XXXX	sokonkwo@ridgelinecapital.example.com	Backup signatory for joint release instructions
Pinehurst Insurance Group, Inc.	Credit Buyer	Alec Drummond	Director, Alt. Tax Investments	(860) XXX-XXXX	adrummond@pinehurstins.example.com	Verbal callback to confirm escrow release authorization
Pinehurst Insurance Group, Inc.	Credit Buyer — Senior	Catherine Moreau	SVP, Tax & Treasury	(860) XXX-XXXX	cmoreau@pinehurstins.example.com	Backup signatory
Clearwater Escrow Services, Inc.	Escrow Agent	James Harding	Vice President	(212) XXX-XXXX	jharding@clearwaterescrow.example.com	Receives joint release instructions; initiates wires; provides Fed reference numbers within 30 minutes
Osprey National Bank, N.A.	Construction/Back-Leverage Lender	Frank DiNapoli	Managing Director, Project Finance	(212) XXX-XXXX	fdinapoli@ospreybank.example.com	Confirms receipt of construction facility partial paydown; issues payoff confirmation letter
Osprey National Bank, N.A.	Construction/Back-Leverage Lender — Day-to-day	Anita Reyes	VP, RE Lending	(212) XXX-XXXX	areyes@ospreybank.example.com	Secondary contact; confirms deposit of capital contributions to Solstice Holdings operating account
Calderwood & Harkness LLP	Sponsor's Counsel	Leonard Cross	Partner, Tax (Responsible Partner)	(212) XXX-XXXX	lcross@calderwoodharkness.example.com	Coordinates closing call; confirms all parties have authorized release; confirms receipt of all wire confirmations
Calderwood & Harkness LLP	Sponsor's Counsel — Lead Associate	Leila Nazari	Associate, Tax	(212) XXX-XXXX	lnazari@calderwoodharkness.example.com	Day-to-day coordination of wire confirmations and closing checklist updates
Whitfield & Ayers LLP	Tax-Equity Investor's Counsel	Kenji Watanabe	Senior Associate, Tax	(212) XXX-XXXX	kwatanabe@whitfieldayers.example.com	Confirms Ridgeline authorization and receipt of executed documents
Thornberry Mack LLP	Credit Buyer's Counsel	Gwen Schaefer	Associate, Tax	(860) XXX-XXXX	gschaefer@thornberrymack.example.com	Confirms Pinehurst authorization and receipt of Transfer Election Statements

[sheet: Cover & Summary]
Field | Detail
Document Title | Funds Flow Memorandum — Closing Date Wire Instructions
Transaction | Solstice Portfolio Tax-Equity and Transferable Credit Financing
Closing Date | December 8, 2023
Originally Scheduled Closing Date | November 30, 2023
Reason for Delay | Pending final ERCOT interconnection confirmation for Amistad Solar project (45 MW, Val Verde County, TX); COD achieved November 18, 2023
Prepared By | Leila Nazari / Robert Jansen, Calderwood & Harkness LLP
C&H Matter No. | 1015-00005
C&H Billing No. | 78204-001
C&H Office | 600 Lexington Avenue, New York, NY 10022 / 1000 Louisiana Street, Suite 3800, Houston, TX 77002
Responsible Partner | Leonard Cross, Partner, Tax
Billing Partner | Sylvia Hartwell, Partner, Tax
Project Finance Support | Monica Chu, Partner, Project Finance
Sponsor / Client | Calloway-Briggs Renewables Inc. (CBR)
Sponsor Address | 2700 Post Oak Boulevard, Suite 1450, Houston, TX 77056
Sponsor EIN | 84-3291076
Tax-Equity Partnership Vehicle | Solstice Holdings, LLC (EIN: 88-4071523)
Managing Member | CBR Solstice Manager, LLC (EIN: 88-4071597)
Tax-Equity Investor | Ridgeline Capital Partners, LLC (EIN: 13-4827651)
Transferable Credit Buyer | Pinehurst Insurance Group, Inc. (EIN: 06-1938274)
Escrow Agent | Clearwater Escrow Services, Inc.
Escrow Account No. | CES-2023-80114
Construction / Back-Leverage Lender | Osprey National Bank, N.A.
Construction Facility Agreement No. | ONB-PF-2022-0341
Back-Leverage Facility Agreement No. | ONB-PF-2023-0587
Governing Law (Transaction Documents) | New York
Total Deal Value | $180,000,000
Total Closing Date Funds Movement | $253,600,000 (gross, before netting)
Signing Date (LLCA, TCPA, Ancillary Docs) | September 21, 2023
CONFIDENTIAL — ATTORNEY-CLIENT PRIVILEGED
[sheet: Sources of Funds]
Item No. | Source Entity | Description | Related Agreement / Reference | Amount ($) | Funding Mechanism | Notes
1 | Ridgeline Capital Partners, LLC | Tax-equity capital contribution — 1st tranche (80% of $120,000,000 total commitment) | Capital Contribution Agreement dated September 21, 2023; LLCA Section 3.1(a) | $96,000,000 | Release from Clearwater Escrow Account CES-2023-80114 | 2nd tranche of $24,000,000 due by February 6, 2024 (60 days post-final COD, extended per agreement)
2 | Pinehurst Insurance Group, Inc. | Tax credit purchase price — $60,000,000 face-value ITCs × $0.92 per $1.00 of credit | Tax Credit Purchase Agreement (TCPA) dated September 21, 2023 | $55,200,000 | Release from Clearwater Escrow Account CES-2023-80114 | Deposited into escrow 5 business days prior to closing; released upon delivery of executed Transfer Election Statements and closing certificate
3 | CBR Solstice Manager, LLC | Managing member capital contribution (2% of Ridgeline commitment per Rev. Proc. 2007-65) | LLCA Section 3.1(b); Intercompany Contribution Agreement | $2,400,000 | Wire transfer from CBR operating account | Funded by Calloway-Briggs Renewables Inc. through CBR Solstice Manager, LLC (disregarded entity)
TOTAL SOURCES | $153,600,000
[sheet: Uses of Funds]
Item No. | Payee Entity | Description | Related Agreement / Reference | Amount ($) | Payment Mechanism | Notes
1 | Solstice Holdings, LLC — Operating Account at Osprey National Bank, N.A. | Ridgeline 1st tranche capital contribution credited to Solstice Holdings | Capital Contribution Agreement; LLCA | $96,000,000 | Wire from Clearwater Escrow | Funds held in Solstice Holdings operating account pending deployment
2 | Calloway-Briggs Renewables Inc. — CBR Operating Account | Credit purchase price proceeds from Pinehurst | TCPA dated September 21, 2023 | $55,200,000 | Wire from Clearwater Escrow | CBR retains additional $4,800,000 face-value ITCs for own use
3 | Solstice Holdings, LLC — Operating Account at Osprey National Bank, N.A. | CBR Manager capital contribution | LLCA; Intercompany Contribution Agreement | $2,400,000 | Wire from CBR operating account | 2% minimum contribution per Rev. Proc. 2007-65
4 | Osprey National Bank, N.A. | Partial repayment of construction facility draws (ONB-PF-2022-0341) | Construction Loan Agreement ONB-PF-2022-0341; Back-Leverage Intercreditor and Consent Agreement | TBD per Osprey payoff letter | Wire from Solstice Holdings operating account | Amount to be confirmed by Osprey payoff letter; represents partial paydown of $245,000,000 construction facility. Residual balance refinanced into $68,000,000 back-leverage term loan (ONB-PF-2023-0587)
5 | Calderwood & Harkness LLP | Legal fees and success fee | Engagement Letter dated June 15, 2023 | $1,537,500 | Wire from CBR operating account | Actual billed fees of $1,387,500 plus $150,000 success fee upon closing; expenses capped at $45,000 excl. filing fees
6 | Clearwater Escrow Services, Inc. | Escrow agent fees | Escrow Agreement dated September 21, 2023 | TBD per fee schedule | Wire from CBR operating account | Per fee schedule in Escrow Agreement
TOTAL USES (identified amounts) | $155,137,500 | Total excludes TBD amounts for Osprey payoff and Clearwater escrow agent fees
[sheet: Funds Flow Sequence]
Step No. | Timing | Action | From Entity | From Account Description | To Entity | To Account Description | Amount ($) | Condition Precedent to Release | Confirmation Procedure
1 | 9:00 AM ET | Release Ridgeline 1st tranche from escrow | Clearwater Escrow Services, Inc. | Escrow Account CES-2023-80114 | Solstice Holdings, LLC | Solstice Holdings Operating Account at Osprey National Bank, N.A. | $96,000,000 | Receipt by Clearwater of joint release instructions signed by CBR and Ridgeline; delivery of all closing deliverables per Closing Checklist; Officer's Closing Certificate of CBR dated December 8, 2023 | Clearwater to provide wire confirmation (Fed reference number) to Leonard Cross (C&H), David Lim (Ridgeline), and Priya Anand (CBR) by email within 30 minutes of execution
2 | 9:00 AM ET (concurrent with Step 1) | Release Pinehurst credit purchase price from escrow | Clearwater Escrow Services, Inc. | Escrow Account CES-2023-80114 | Calloway-Briggs Renewables Inc. | CBR Operating Account | $55,200,000 | Delivery of executed Transfer Election Statements (IRS § 6418) for all seven project companies; Officer's Closing Certificate; Tax Opinion Letter to Pinehurst from C&H dated December 8, 2023 | Clearwater to provide wire confirmation to Leonard Cross (C&H), Alec Drummond (Pinehurst), and Theo Vasquez (CBR) by email within 30 minutes of execution
3 | 9:30 AM ET (upon confirmation of Steps 1 and 2) | CBR Manager capital contribution to Solstice Holdings | CBR Solstice Manager, LLC (funded by Calloway-Briggs Renewables Inc.) | CBR Operating Account | Solstice Holdings, LLC | Solstice Holdings Operating Account at Osprey National Bank, N.A. | $2,400,000 | Confirmation of receipt of Steps 1 and 2 | Osprey National Bank to confirm receipt to Priya Anand (CBR), David Lim (Ridgeline), and Leila Nazari (C&H)
4 | 10:00 AM ET (upon confirmation of Steps 1–3) | Partial repayment of Osprey construction facility | Solstice Holdings, LLC | Solstice Holdings Operating Account at Osprey National Bank, N.A. | Osprey National Bank, N.A. | Construction Facility Loan Account (ONB-PF-2022-0341) | TBD per Osprey payoff letter | Confirmation of Steps 1–3; delivery of Osprey payoff letter | Frank DiNapoli / Anita Reyes (Osprey) to confirm paydown amount and release of construction liens; UCC-3 amendments to be filed post-closing
5 | 10:30 AM ET (upon confirmation of Step 4) | Payment of C&H legal fees and success fee | Calloway-Briggs Renewables Inc. | CBR Operating Account | Calderwood & Harkness LLP | C&H Client Trust / Operating Account | $1,537,500 | Closing completed; invoice delivered | C&H accounting to confirm receipt to Sylvia Hartwell (Billing Partner)
6 | 10:30 AM ET (concurrent with Step 5) | Payment of Clearwater Escrow agent fees | Calloway-Briggs Renewables Inc. | CBR Operating Account | Clearwater Escrow Services, Inc. | Clearwater Operating Account | TBD per fee schedule | Per Escrow Agreement fee schedule | Clearwater to confirm receipt to James Harding
7 | 11:00 AM ET (upon confirmation of Steps 1–6) | Closing call — all parties confirm completion | N/A | N/A | N/A | N/A | N/A | All wire confirmations received by C&H | Leonard Cross (C&H) to host closing call; circulate closing confirmation email to all parties; Leila Nazari to distribute final closing binder index
8 | By 5:00 PM ET | Distribution of fully executed closing documents and wire confirmation log | Calderwood & Harkness LLP | N/A | All parties | N/A | N/A | All funds confirmed received | Leila Nazari (C&H) to circulate closing binder and wire confirmation log via email and secure file share
[sheet: Wire Instructions]
Payee Entity | Account Name | Bank Name | Bank Address | ABA Routing Number | Account Number | SWIFT Code | Reference / Memo | Authorized Contact for Confirmation | Contact Phone | Contact Email
Solstice Holdings, LLC | Solstice Holdings, LLC — Operating Account | Osprey National Bank, N.A. | 300 Madison Avenue, New York, NY 10017 | 021-XXX-XXX | [ACCOUNT NO.] | OSPYUS33 | Solstice Portfolio — Closing 12/08/2023 — Capital Contribution | Anita Reyes, VP, RE Lending | (212) XXX-XXXX | areyes@ospreybank.example.com
Calloway-Briggs Renewables Inc. | CBR Operating Account | Osprey National Bank, N.A. | 300 Madison Avenue, New York, NY 10017 | 021-XXX-XXX | [ACCOUNT NO.] | OSPYUS33 | Solstice Portfolio — Closing 12/08/2023 — Credit Sale Proceeds | Theo Vasquez, CFO | (713) XXX-XXXX | tvasquez@cbrenewables.example.com
Osprey National Bank, N.A. | Construction Facility Loan Account (ONB-PF-2022-0341) | Osprey National Bank, N.A. | 300 Madison Avenue, New York, NY 10017 | 021-XXX-XXX | [LOAN ACCOUNT NO.] | OSPYUS33 | Partial Paydown — ONB-PF-2022-0341 — Solstice Portfolio | Frank DiNapoli, MD, Project Finance | (212) XXX-XXXX | fdinapoli@ospreybank.example.com
Calderwood & Harkness LLP | C&H Client Trust Account | Greaves Bancorp | 383 Madison Avenue, New York, NY 10179 | 021-XXX-XXX | [ACCOUNT NO.] | CHASUS33 | Matter No. 1015-00005 / Billing No. 78204-001 | Sylvia Hartwell, Billing Partner | (212) XXX-XXXX | shartwell@calderwoodharkness.example.com
Clearwater Escrow Services, Inc. | Clearwater Operating Account | Ridgeway Capital Markets | 388 Greenwich Street, New York, NY 10013 | 021-XXX-XXX | [ACCOUNT NO.] | CITIUS33 | Escrow Agent Fees — CES-2023-80114 | James Harding, VP | (212) XXX-XXXX | jharding@clearwaterescrow.example.com
[sheet: Confirmation & Authorization]
Party | Role | Authorized Signatory / Contact | Title | Phone | Email | Callback Procedure
Calloway-Briggs Renewables Inc. | Sponsor / Seller | Theo Vasquez | CFO | (713) XXX-XXXX | tvasquez@cbrenewables.example.com | Verbal callback to confirm wire initiation; written confirmation via email upon receipt
Calloway-Briggs Renewables Inc. | Sponsor — Day-to-day | Priya Anand | VP, Project Finance | (713) XXX-XXXX | panand@cbrenewables.example.com | Secondary contact for wire confirmation
Ridgeline Capital Partners, LLC | Tax-Equity Investor | David Lim | Vice President | (212) XXX-XXXX | dlim@ridgelinecapital.example.com | Verbal callback to confirm escrow release authorization
Ridgeline Capital Partners, LLC | Tax-Equity Investor — Senior | Samara Okonkwo | Partner, Head of RE Investments | (212) XXX-XXXX | sokonkwo@ridgelinecapital.example.com | Backup signatory for joint release instructions
Pinehurst Insurance Group, Inc. | Credit Buyer | Alec Drummond | Director, Alt. Tax Investments | (860) XXX-XXXX | adrummond@pinehurstins.example.com | Verbal callback to confirm escrow release authorization
Pinehurst Insurance Group, Inc. | Credit Buyer — Senior | Catherine Moreau | SVP, Tax & Treasury | (860) XXX-XXXX | cmoreau@pinehurstins.example.com | Backup signatory
Clearwater Escrow Services, Inc. | Escrow Agent | James Harding | Vice President | (212) XXX-XXXX | jharding@clearwaterescrow.example.com | Receives joint release instructions; initiates wires; provides Fed reference numbers within 30 minutes
Osprey National Bank, N.A. | Construction/Back-Leverage Lender | Frank DiNapoli | Managing Director, Project Finance | (212) XXX-XXXX | fdinapoli@ospreybank.example.com | Confirms receipt of construction facility partial paydown; issues payoff confirmation letter
Osprey National Bank, N.A. | Construction/Back-Leverage Lender — Day-to-day | Anita Reyes | VP, RE Lending | (212) XXX-XXXX | areyes@ospreybank.example.com | Secondary contact; confirms deposit of capital contributions to Solstice Holdings operating account
Calderwood & Harkness LLP | Sponsor's Counsel | Leonard Cross | Partner, Tax (Responsible Partner) | (212) XXX-XXXX | lcross@calderwoodharkness.example.com | Coordinates closing call; confirms all parties have authorized release; confirms receipt of all wire confirmations
Calderwood & Harkness LLP | Sponsor's Counsel — Lead Associate | Leila Nazari | Associate, Tax | (212) XXX-XXXX | lnazari@calderwoodharkness.example.com | Day-to-day coordination of wire confirmations and closing checklist updates
Whitfield & Ayers LLP | Tax-Equity Investor's Counsel | Kenji Watanabe | Senior Associate, Tax | (212) XXX-XXXX | kwatanabe@whitfieldayers.example.com | Confirms Ridgeline authorization and receipt of executed documents
Thornberry Mack LLP | Credit Buyer's Counsel | Gwen Schaefer | Associate, Tax | (860) XXX-XXXX | gschaefer@thornberrymack.example.com | Confirms Pinehurst authorization and receipt of Transfer Election Statements

[sheet: Cover & Summary]

Record

Parties

Dates

Amounts