Sale of Small Hydropower in Brazil

Small Hydropower in the South of Brazil Location: MUNICIPALITY Of CAMPOS NOVOS State: SANTA CATARINA FEATURES UNITS INSTALLED CAPACITY: 4,4 MW NOMINAL CAPACITY: 2,3 MWmédios Start of operation: November 18, 2015 SALE OF ENERGY Buyer: 2013 A-5 AUCTION ENERGY CONTRACT Term: 30 years Start: 01 / January / 2018 Ends: 31 / December / 2048 Value R $ / MWH 134.90 - Value updated 2020: R $ 188.11 Index: IPCA Base date January / 2014 Updated value for Jan / 2020 R $ / MWH 188.11 Amount of energy sold at CCEAR: 2,237 MWm Average monthly gross revenue R $ 305,000.00 Balance outstanding with BRDE in January 2020 with BRDE - R $ 8,564,498.20(automatic with amortization until 2034).Balance outstanding with BRDE in January 2020 with BRDE - R $ 2,865,806.68(Finame with amortization until 2024). Pagamento da dívida média mensal prevista com início em agosto de 2020 Valor médio atual - R$ 180.000,00 Company name: PINHAL GERADORA DE ENERGIA S.A. PCH PITO CNPJ.: 1-84 (Company Registration Nr. Sales Price: USD 1.670.000,00 per MW Sales Amount: USD 7.348.000,00 Ademir Fauth &