Company: BEP
Filing Date: 2025-03-06
Form Type: POS AM
Source: 0001193125-25-048531
Chunk: 24

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-03-06
Form: POS AM
Chunk 24
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 transfer agent by delivering to such holder of exchangeable shares the LP units or its cash equivalent. Unitholders of the Partnership are not entitled to vote on the Partnership’s exercise of the overriding call right
described in the preceding sentences.

In the event that a tendering holder of exchangeable shares has not received the number of LP units
or its cash equivalent in satisfaction of the tendered exchangeable shares, then such tendering holder of exchangeable shares will be entitled to receive the equivalent of such cash amount or LP units amount from Brookfield Corporation pursuant to
the Rights Agreement between Brookfield Corporation and Wilmington Trust, National Association (the “rights agent”) until July 30, 2027 (and as will be automatically renewed for successive periods of two years, unless
Brookfield Corporation provides the rights agent with written notice of termination in accordance with the terms of the Rights Agreement). In this scenario, the tendered exchangeable shares will be delivered to the rights agent in exchange for the
delivery of the equivalent of the cash amount or LP units amount from a collateral account of Brookfield Corporation administered by the rights agent. The Partnership has agreed to indemnify Brookfield Corporation, in its capacity as selling
securityholder, for certain liabilities under applicable securities laws concerning selling securityholders, in connection with any LP units delivered by Brookfield Corporation pursuant to the Rights Agreement. The Rights Agreement entered into in
connection with the closing of the Arrangement replaced the rights agreement existing prior to the Arrangement between Brookfield Corporation and the rights agent (the “Prior Rights Agreement”), and provides the same expiration date
and other terms as the Prior Rights Agreement. See Item 7.B “Related Party Transactions—Rights Agreement” in the BEPC Annual Report for a further description of the Prior Rights Agreement.

8

No Fractional LP Units. No fractional LP units will be issued or
delivered upon exchange of exchangeable shares. In lieu of any fractional LP units to which the tendering holder of exchangeable shares would otherwise be entitled at our group’s election, our group will pay an amount in cash equal to the LP
unit value on the trading day immediately preceding the exchange date multiplied by such fraction of an LP unit.

Conversion of Tendered Exchangeable Shares. Brookfield Renewable is entitled at any time to have any or all exchangeable shares acquired by Brookfield Renewable converted into BEPC class B shares on a one-for-one basis.

Adjustments to Reflect Certain Capital Events. The conversion
factor (which is currently one) is subject to