Property type: Comsa Business&Solutions asset WIND POWER ENERGY PARK Confidential

Framework at European level To achieve the stated objectives of energy security, environmental protection and ensuring economic and social cohesion, a priority measure of the European Union is the development of renewable energy sources. European legislation The Kyoto Protocol EU Directive 2001/77/CE of European Parliament on the promotion of electricity produced from renewable sources EU Directive 2009/78/CE of European Parliament - Romania has the obligation to reach a minimum of 24% renewable energy in gross final consumption of energy by 2020 Confidential

Framework at National level Romania’s Energy Strategy for the period 2011-2035 stipulates that the main objective is to protect the environment by introducing new technologies for energy production and consumption with little impact on the environment and for the reduction of climate change. National Legislation The law of energy nr.123/2012 Law no. 220/2008 establishing the system for promoting the production of energy from renewable energy sources Confidential

Short presentation In 2010 the European Union approved our Company’s project on building a 10 MWh wind power park in Romania The UE funds represented 50% of the project In 2015 the wind power park was put in operation and it produces revenues since then by selling the energy on Romanian energy market Confidential

Key information – 10 MW wind power park The wind power energy park has the following technique characteristics: Installed power: 10 MW (5 turbines GAMESA G-90 de 2MW/Ud). Maximum power authorized: 9 MW. Total investment and expenses: 18.225.045. € (accounted). Confidential

Location Village VANATORI County IASI ROMÂNIA Confidential

Presentation of investment Investment plus expenses 18.225.045,00 €   EU funds 8.382.534,00 € Investment without EU funds 9.842.511,00 € Authorized power 9 MW Installed power 10 Hours of equivalent measurements 2817 H NR GAMESA G-90 2 MW (turbines) 5 UD Confidential

Certificates and accreditation The wind power park is generating energy and collecting revenue from the sale of that energy. We obtained the CERTIFICATE OF CONFORMITY on 08-10-2015, the park also has the ANRE FINAL ACCREDITATION and the TRADEMARK LICENSE . The company has the property title for the land on which the Park is installed. After a theoretical production power of the wind resource, the annual output amounts is of 26,620 MWh.  The equivalent hours are 2.817. The installed power is 10 MW although limited to "heads" at 9 MW. Confidential

Revenues forecast 2016 - 2019 Confidential UTILITY LIFE TIME WTGs 25 ANI 1 2 3 4   Observ 2016 2017 2018 2019 Price NET on energy (€/MWh rev IPC) 38,00 38,76 € 39,54 € 40,33 Green certificate prices 30,31 32,15 Revenues from selling energy 1.011.584,70 € 1.031.816,39 € 1.052.452,72 € 1.073.501,78 € Revenues from selling green certificates   806.852,2 € 855.833 € Total revenues 1.818.436,9 € 1.838.668,59 € 1.908.285,72 € 1.929.334,78 € Confidential

Contact Alina Nita Business Development Manager Apolodor Street, no.42, Comsa Building Tel: 0730.506.086 Email: alina.nita@comsaadvisors.ro Confidential