EFTA Document EFTA01366560

Amendment #4 Page 131 of 868 Air Co! eta. (4) Depreciation amottaabcn and aaonston—Represents the impact d the following acquisition KI(i/ wrens On thousands) Amorteabcn due to fair value adjustments to niangible assets 67,996 Depreciationci* to far value adustrrents to properly and equipment and alignment 04 depreciable lives 91 76 Total $9,974 Depreciationof property and equipment is recognized tang a atragl•ine method over the estimated ineful noes of the solar, wadi and hydro.electic energy systems. Mach are 30. 25 and 40 years, respectively, or the *stealth. term of the undedong property lease to which the assets are affixed Amorteabon of the far value acleastrnents to intanglde assets totals 68 0 million due to acquired PPA intargble assets recognized over the terms of such agreenorts over penods ranging from 6 to 24 years The fair vanes adustments of the Aoquisdons- glared° assets were valued penally using a variation of the income approach The estimate d the amortization of the PPA irtangibie assets s presninary. sutra lo change and could vary materially from Me actual adjustment at the time the acquisition s completed The pro forma adjus1merd todepreciate° id $20 million represents the net depreciation of tat fair value aaustmerts for the property arid equfment of the businesses that have been or will be acquired in the Acquisitors and alignment of the depreoable lives to Grobal's accosting polices. The fair values of property and 'warner acquired were valued primarily usng a cost approach and lotted to what is economicasy supportable as molested by an intone approach Under this approach the fair vaue approximates the ore re oast of replacing an asset with another of equvalent ecoromc uiliry a4usted for functional obsdescerce and Price' deprecoton The estimate b ple.rmnaty. subject to charge art could vary materially Fran the actual adustmeM al the trice the acquisition completed The estimated remain-rig useful Wes of the property aria equipment acqured range from 6 to 40 years (5) Income tax expense—Represents the adjustrneM to record tr. tax effect of pro lama adjustments to expense attnbdable to the Acquisitor-is. calculated at the statutory rates in effect in each jurisdiction TM adustment also gees pro forma effect to the Formation Transactions calculated using the predecessor s estimated combined statutory federal. forage and state tax rate (6) Net income altnbutabie to non-cortecieng interest—Represents the adistmerd to reflect toe 32.4% noneontrolling interest in the BroTherm pro forma results of operations and the 49 0% non-codrolling interest in the Chrit.SoutparvWdkop pro forma results of operations (7) Gomm( and adminatrafne—Repesents stock compensation expense of apfxommaley W 1 maw 'elated to the grants of restricted deck to certain employees in cornection with the formation of Global and S09 million of stock compensaton expense related to the IPO Grants. whch will be recognized over the applicable servoe period (8) interest expose—Represents 0) a 'sateen d S5 9 Mahan In retest expense as a resift of the repayment of erten project. lever indebtedness in the amount of $157.1 million using twirls received from the Bridge Facility, and (ff) a net increase of 57.8 nallon in interest expense, net of capitalized remelt. on net borrowings under the Bridge Facility of $452 5 milon geeing cited to the reduCtOnCif 587 5 million principal uurg a potion of Ire proceeds horn the Units Private Flacerneres), as if both occurred as d Janiary 1, 2014 We are assuming all d the outstarding indebtedness of the businesses that have been or will be acqured In the Acquisitions The fair value cl dett assumed was based on market rates for &Mar project-level debt Total interest for we Bridge Facility is estimated based on the effacere interest rate on borrowings under the Bridge Facility of 8 5% at December 31. 2014. witch increased by 0 5% on 123 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-0058088 CONFIDENTIAL SDNY_GM_00204272 EFTA01366560