GSE

DISCLAIMER

This Information Memorandum has been prepared by GSE Renewables. This Information Memorandum is being delivered to the recipient for information purposes only and upon the understanding that it will be used only for the purpose set out herein. Use of Confidential Information is strictly limited to the preliminary consideration of an investment in the business described in this Memorandum.

No portion of this Memorandum may be reproduced, duplicated, or revealed in any manner without prior written consent of the Company. The Company reserves the right to negotiate with one or more prospective Investors at any time and to enter into a definitive agreement for an investment in the Business or any other transaction related to the Company without prior notice to the recipient or other prospective purchasers. Also, the Company reserves the right to terminate, at any time, further participation in the investigation, proposal, and negotiation process by any party and to modify any procedures without giving advance notice or providing any reason therefore. While GSER has assembled the data presented, it does not accept responsibility for the accuracy of any of the data included in this report. In no event will GSER or other member firms of the GSE Renewable network of firms (each of which is a separate legal entity), or the partners, agents or employees thereof be liable for any decision or any direct or consequential loss arising from any use of material contained in this Memorandum.

GSER makes no representations or warranties, expressed or implied, concerning such information. GSER shall have no obligation or liability to any prospective offer or or purchaser for or as a result of the furnishing of information hereunder. In furnishing this Information Memorandum, GSER undertakes no obligation to provide the recipient with access to any additional information. GSER expressly reserves the right at any time and in any respect to revise, supplement or withdraw any information provided herein.

The information will be kept confidential and not disclosed to third parties unless agreed in writing by the Company. All information contained in this Memorandum is Confidential Information.