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INVESTMENT SUMMARY<br />

Clean Fund is seeking up to $50MM of subordinated debt and up to $4MM in<br />

additional working capital<br />

• Clean Fund is the only company to have completed private commercial PACE<br />

financings<br />

• Projected growth in capital deployed from $50 million in first year to over $1<br />

billion in four years<br />

• Capital efficiency enhanced by 3:1 - 4:1 leverage during accumulation and 10:1<br />

leverage upon securitization<br />

• Current yields to sub-debt investors of ~12% plus equity kickers<br />

• Target returns over 20% IRR on exit within 5 years for sub-debt.<br />

• Target returns over 50% IRR for equity investors.<br />

The investment in Clean Fund has an attractive IRR, low risk, and triple bottom<br />

line benefits<br />

17

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