Helix Fund I, LLC                              Consolidated Financial Statements and           Independent Auditor's Report                          Fiscal Year Ended December 31, 2017 and Period              Ended January 1, 2017
 Helix Fund I, LLC                                                                                     Index                                                                                                                                                                         Page   Independent Auditor's Report                                                      2   Consolidated Financial Statements         Consolidated Balance Sheets                                                 3         Consolidated Statements of Operations                                       4         Consolidated Statements of Members' Equity                                  5         Consolidated Statements of Cash Flows                                       6         Notes to Consolidated Financial Statements                                  7                                                                                            1
 Independent Auditor's Report   To the Members and Management of Helix Fund I, LLC   We  have  audited  the  accompanying consolidated financial  statements  of Helix  Fund  I,  LLC,  which  comprise  the consolidated balance  sheets as  of December  31,  2017 and January  1,  2017,  and  the  related consolidated statements of operations, members' equity and cash flows for the fiscal year ended  December 31, 2017 and the period from December 2, 2016 (inception) through January 1, 2017, and the  related notes to the financial statements.   Management's Responsibility for the Financial Statements   Management  is  responsible  for  the  preparation  and  fair  presentation  of  these consolidated financial  statements in accordance with accounting principles generally accepted in the United States of America;  this includes the design, implementation, and maintenance of internal control relevant to the preparation  and  fair  presentation  of consolidated financial  statements  that  are  free  from  material  misstatement,  whether due to fraud or error.    Auditor's Responsibility   Our  responsibility  is  to  express  an  opinion  on  these consolidated financial  statements  based  on  our  audits. We conducted our audits in accordance with auditing standards generally accepted in the United  States of America. Those standards require that we plan and perform the audit to obtain reasonable  assurance about whether the financial statements are free of material misstatement.    An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in  the  financial  statements.  The  procedures  selected  depend  on  the  auditor's  judgment,  including  the  assessment of the risks of material misstatement of the consolidated financial statements, whether due to  fraud or error. In making those risk assessments, the auditor considers internal control relevant to the  entity's preparation and fair presentation of the consolidated financial statements in order to design audit  procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on  the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also  includes  evaluating  the  appropriateness  of  accounting  policies  used  and  the  reasonableness  of  significant accounting estimates made by management, as well as evaluating the overall presentation of  the consolidated financial statements.   We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for  our audit opinion.   Opinion   In  our  opinion,  the consolidated financial  statements  referred  to  above  present  fairly,  in  all  material  respects, the financial positions of Helix Fund I, LLC as of December 31, 2017 and January 1, 2017, and  the results of their operations and their cash flows for the fiscal year ended December 31, 2017 and the  period  from  December  2,  2016  (inception)  through  January  1,  2017 in accordance with  accounting  principles generally accepted in the United States of America.       Atlanta, Georgia  March 21, 2018                                                                                       2
 Helix Fund I, LLC                                                                           Consolidated Balance Sheets                          December 31, 2017 and January 1, 2017                                                                                     Assets                                            December 31, 2017      January 01, 2017   Current assets    Cash                                  $                     68,387 $                           -    Accounts receivable                                          34,286                          1,103    Unbilled receivable                                        544,270                              -    Prepaid expenses                                             33,142                              -      Total current assets                                     680,085                          1,103    Property and equipment, net                            27,118,166                 11,093,832      Total assets                        $              27,798,251 $              11,094,935                                Liabilities and Members' Equity    Current liabilities    Accrued expenses                      $                     23,807 $                     14,841      Total current liabilities                                  23,807                        14,841    Equity      Members' equity                                     27,774,444                 11,080,094      Total liabilities and members' equity $              27,798,251 $              11,094,935                                                                                                                                    See Notes to Consolidated Financial Statements.                                             3
 Helix Fund I, LLC                                                                             Consolidated Statements of Operations   Fiscal Year ended December 31, 2017 and Period from December 2, 2016 (inception) through                                         January 1, 2017                                                                                                                                                       December 31, 2017      January 01, 2017  Revenue from power purchase agreements               $              1,267,433 $                     1,103 Revenue from production incentives                                        66,412                           -  Revenue from the sale of renewable energy certificates                    518,102                           -    Total  revenue                                                     1,851,947                        1,103 Operating expenses   Depreciation                                                          973,149                      33,526   Operations and maintenance fees                                       126,375                           -    Insurance                                                               88,416                      11,081   Management fees                                                         25,080                           986   Miscellaneous expenses                                                    8,789                        2,774 Total operating expenses                                             1,221,809                      48,367 Operating income (loss)                                                 630,138                     (47,264) Other expenses   Interest expense                                                          2,148                           -     Net income (loss)                                $                 627,990 $                  (47,264)                                                                                                      See Notes to Consolidated Financial Statements.                                                  4
 Helix Fund I, LLC                                                                    Consolidated Statements of Members' Equity   Fiscal Year ended December 31, 2017 and Period from December 2, 2016 (inception) through                                     January 1, 2017                                                                                           Members' equity    Balance, December 2, 2016 (inception)                        $                        -      Net loss                                                                      (47,264)      Contributions from members                                               11,127,358    Balance, January 1, 2017                                                   11,080,094       Net income                                                                    627,990      Contributions from members                                               16,997,483      Distributions to members                                                    (931,123)     Balance, December 31, 2017                                   $            27,774,444                                                                                           See Notes to Consolidated Financial Statements.                                             5
 Helix Fund I, LLC                                                                                                   Consolidated Statements of Cash Flows     Fiscal Year ended December 31, 2017 and Period from December 2, 2016 (inception) through                                                     January 1, 2017                                                                                                                                                                                                                   December 31, 2017      January 01, 2017  Cash flows from operating activities:    Net income (loss)                                                             $               627,990 $                (47,264)    Reconciliation of net income (loss) to net cash provided by operating activities:        Depreciation                                                                                973,149                    33,526     Changes in operating assets and liabilities:       Accounts receivable                                                                          (33,183)                     (1,103)       Unbilled receivable                                                                        (544,270)                         -        Prepaid expenses                                                                             (33,142)                         -        Accounts payable and accrued expenses                                                           8,966                    14,841  Net cash provided by operating activities                                                        999,510                         -   Cash flows used in financing activities:       Distributions to members                                                                   (931,123)                         -        Proceeds from notes payable                                                                 100,000                         -        Payment of notes payable                                                                   (100,000)                         -   Net cash used in financing activities                                                           (931,123)                         -   Net change in cash                                                                                 68,387                         -   Cash at beginning of period                                                                             -                         -   Cash at end of period                                                           $                 68,387 $                      -    Supplemental information:  Cash paid for interest                                                          $                   2,148 $                      -    Supplemental noncash investing and financing transactions:       Property and equipment purchased                                           $         (16,997,483) $         (11,127,358)       Member contributions                                                                   16,997,483             11,127,358                                                                                  $                      - $                      -    See Notes to Consolidated Financial Statements.                                                                6
 Helix Fund I, LLC                                                                    Notes to Consolidated Financial Statements                           December 31, 2017 and January 1, 2017                                                                                          Note 1 - Organization and nature of operations      Helix Fund I, LLC (”Helix Fund”) was formed on December 2, 2016 as a Delaware limited liability     company. On December 5, 2016, the Class A Member and HA Helix LLC (“Class B Member”) entered     into  a Limited Liability Company Agreement (the “LLC  Agreement”) to own  one  hundred  percent     (100%)  of  the  Class  A  Interests  and  one  hundred  percent  (100%)  of  the  Class  B  Interests,     respectively.       On December 5, 2016, the Company, together with Class A Member, Class B Member, SunPower     Helix  I,  LLC  (“Seller”),  SunPower  Capital  Services,  LLC,  and  SunPower  Corporation,  Systems     (“Contractor”), entered into a Purchase and Contribution Agreement (“PCA”), to acquire from Seller     one  hundred  percent  (100%)  of  the  equity  interests  of certain  limited  liability  companies  (each,  a     “ProjectCo” and collectively with the Helix Fund, the “Company”) that own and operate one or more     photovoltaic solar energy generating systems (each, a “System” and collectively, “Systems”). The     purchase of the ProjectCos was funded through contributions from the Members.      On March 10, 2017, the PCA was amended and restated for the Members’ contributions to Helix Fund     to fund the acquisition of Helix Project I, LLC, Northstar Macys Nevada, LLC, Northstar Macys East     Coast  2016,  LLC  and  Northstar  Macys  Illinois,  LLC and  inclusion  of  closing  deliverables  and     conditions precedent with their respective ProjectCos.      On December 20, 2017, the LLC Agreement was amended and restated to admit SunPower Capital     Services, LLC (“Class C Member”). The Class C Member was admitted to conduct administrative     activities for the Company. No contributions were required as part of the agreement.      As of December 31, 2017, Helix Fund has purchased six ProjectCos and 18 Systems (see Note 3).   Note 2 - Summary of Significant Accounting Policies      Basis of accounting     The  consolidated  financial  statements  have  been  prepared  in  accordance  with  U.S.  generally     accepted accounting principles (U.S. GAAP).        Principles of consolidation     The consolidated financial statements include the accounts of Helix Fund I, LLC and its wholly owned     subsidiaries, Northstar Macys US West 2016, LLC; Northstar Macys Colorado, LLC; Northstar Macys     Nevada,  LLC;  Northstar  Macys  East  Coast  2016,  LLC;  Northstar  Macys  Illinois,  LLC;  and  Helix     Project I, LLC. All  intercompany transactions and balances have been eliminated in consolidation.       Fiscal year     The Company reports on a fiscal-year basis and ends its months on the Sunday closest to the end of     the applicable calendar month end. Accordingly, every fifth or sixth year will be a 53-week fiscal year.      Fiscal year 2016 consisted of 4 weeks, starting on December 2, 2016 and ending on January 1, 2017.     Fiscal year 2017 consisted of 52 weeks, starting on January 2, 2017 and ending on December 31,     2017 for fiscal year 2017.      Use of estimates     The  preparation  of  the  consolidated  financial  statements  in  conformity  with  U.S. GAAP  requires     management  to  make  estimates  and  assumptions  that  affect  the  amounts  reported  in  the     consolidated financial statements and accompanying notes. Such estimates include, among others,                                             7
 Helix Fund I, LLC                                                              Notes to Consolidated Financial Statements                        December 31, 2017 and January 1, 2017                                                                                    the  estimates for future  cash  flow, fair  value, and estimated  useful  life and  salvage  value  of the  systems. Actual results could materially differ from those estimates.   Accounts receivable   Accounts receivable are recorded at the invoiced amount and do not bear interest. The Company  assesses whether an allowance for doubtful accounts is needed for estimated losses inherent in its  accounts  receivable  portfolio.  In  establishing  the  required  allowance,  management  considers  the  aging profile of outstanding receivables, and existing industry and other economic data. There is no  allowance for doubtful accounts as of December 31, 2017 and January 1, 2017.   Property and equipment  Property and equipment are carried at the acquisition price paid by the Company, less accumulated  depreciation.  Depreciation  is  accounted  for  using  the  straight-line  method  over  the  lesser  of  the  Purchase  Power  Agreement (“PPA”) term  or  the System’s useful  life,  whichever  is  shorter. The  depreciable  lives  ranged  from  16  to  20  years  starting  on  the  respective  System’s  commercial  operating  date. The  salvage  value  is  the  expected  fair  value  of  the System at  the  end  of  the  depreciation period. The salvage value shall be estimated at twenty percent (20%) of the purchase  price, which is the fair market value at acquisition. Repairs and maintenance costs are expensed as  incurred.  Gains  or  losses  related  to  retirements  or  disposition  of  property  and  equipment  are  recognized in the period incurred.    Impairment of long-lived assets  The Company evaluates its long-lived assets, such as property and equipment with finite lives, for  impairment whenever events or changes in circumstances indicate that the carrying value of such  assets  may  not  be  recoverable.  Factors  considered  important  that  could  result  in  an  impairment  review  include  significant  under-performance  relative  to  expected  historical  or  projected  future  operating  results,  significant  changes  in  the  manner  of  use  of  acquired  assets,  and  significant  negative industry or economic trends. The impairment evaluation includes a review of the initial model  used  for  acquisition that  includes  estimated  future  undiscounted  net  cash  flows  expected  to  be  generated by the assets over the useful lives to ensure the future undiscounted net cash flows is  sufficient to recover the carrying value of the assets over the remaining estimated useful lives. An  impairment loss in the amount by which the carrying value of the assets exceeds the fair value would  be  recorded  if  the  cash  flows  are  not  greater  than  the  carrying  value. For  the fiscal year ended  December  31,  2017 and the period ended  January  1,  2017,  the  Company did  not  record  any  impairment charges because no impairment trigger events occurred.   Income taxes  The Company has elected to be taxed as a partnership. Accordingly, the taxable income or loss of the  Company is reported in the tax returns of the Members and no provision for federal or state income  taxes is reflected in the accompanying consolidated financial statements. The 2016 federal and state  income tax returns are open to examination from the Internal Revenue Service.   Asset retirement obligations and asset removal agreement  The Company's asset retirement obligations (ARO) relate to the Company's contractual obligations to  retire the solar facilities under the terms of site lease agreements with the offtaker, or affiliates of the  offtakers, of its PPAs. The land and roof leases require that, in addition to retirement of the solar  facilities upon lease termination, the leased land or roof be restored to an agreed-upon condition.                                           8
 Helix Fund I, LLC                                                              Notes to Consolidated Financial Statements                        December 31, 2017 and January 1, 2017                                                                                    On December 5, 2016, the Company entered into a System Removal Agreement with the Contractor,  an affiliate of the Class C Member, requiring the Contractor to remove and administer the sale of the  Systems at the Contractor’s expense (asset removal rights). This System Removal Agreement was  entered in conjunction with an O&M agreement with the Contractor.     The Company recorded the present value of the estimated obligations as they were incurred. Upon  initial  recognition  of  the  Company's ARO,  the  carrying  amount  of  the  solar  facilities  was  also  increased. The asset retirement obligations are accreted to their future value at the expected time of  retirement and the capitalized amount to solar facilities is depreciated over the estimated useful life.   The Company periodically reviews the estimated ARO related to its contractual obligations to retire  the solar facilities from the leased sites upon which the solar facilities were built. No adjustments to  the ARO were made during the fiscal year ended December 31, 2017 and the period ended January  1, 2017.   The  asset removal  rights from the  Contractor is  computed  in  the  same manner  as  the ARO and  effectively offsets the impacts of the ARO on the related asset removal cost included in the carrying  amount of the solar facilities, the related depreciation expense of that asset removal cost, and the  ARO accretion expense. The Company has elected to present the ARO net of the equally offsetting  asset  removal  rights  from  the  Contractor  in  the  balance  sheet. The  following  table  reflects  the  changes in the asset retirement obligation:                                          December 31, 2017   January 01, 2017       Asset retirement obligation, beginning: $                107,964 $                       -       Liabilities incurred                                 311,070                   107,964      Accretion expense                                      87,114                          -       Asset retirement obligation, ending: $                506,148 $                107,964                                                                              Revenue recognition  The Company recognizes revenues from the sale of electricity under PPAs with various entities upon  the delivery of power at pre-determined rates specified in each contract.  The Company determined  the  PPAs do  not meet the  definition  of  a  lease or  derivative  and  are  accounted for  as  executory  contracts. Revenue is recognized when persuasive evidence of an arrangement exists, delivery has  occurred, the price is fixed, and collectability is reasonably assured.  As such, revenue on executory  contracts is recognized when the underlying physical transaction is completed. See Note 5 for further  analysis of the PPAs.   The  Company  recognizes  revenue  from  the  sale  of  Renewable  Energy  Credits  (“RECs”)  under  Renewable Energy Credits (“REC”) contracts.  The Company has elected an accounting policy to  treat REC revenue as a form of output from the Systems. The Company has also elected to treat  pre-determined pricing in its contracts as fixed prices.  The Company has determined its long-term  REC contracts do not meet the criteria to be defined as a lease or classified as a derivative. The  Company recognizes revenues generated under the REC contracts when persuasive evidence of an  arrangement exists, delivery has occurred, the price is fixed, and collectability is reasonably assured.  Therefore, revenue is recognized from the sale of RECs upon the transfer of RECs to the buyer.   The  Company  recognizes  revenue  from  the  California  Solar  Initiative  (“CSI”)  program  upon  the  delivery of electricity.  The Company has elected an accounting policy to treat revenue from the CSI  program contracts as a government incentive and not as a form of output from the Systems.  The  Company  recognizes  revenues  generated  under  the  CSI  program  contracts  when  persuasive                                         9
 Helix Fund I, LLC                                                                    Notes to Consolidated Financial Statements                           December 31, 2017 and January 1, 2017                                                                                             evidence  of  an  arrangement  exists,  delivery  has  occurred,  the  price  is  fixed,  and  collectability  is     reasonably assured. Therefore, the Company recognizes revenue upon the delivery of electricity.      Sales tax     The Company has elected not to report sales taxes in revenues. The sales taxes are reported as     accrued expenses.      Leases     Rents payable under operating leases are charged to operations on a straight-line basis over the term     of  the  relevant  lease.  The  excess  of  straight-line  rent  expense  over  scheduled  rent  payments  is     recorded  as  deferred  rent. For the fiscal year ended  December  31,  2017  and  the  period  ended     January 1, 2017, no deferred rent was recorded.      Fair value of assets and liabilities     The fair value of a financial instrument is the price that would be received to sell an asset or paid to     transfer a liability in an orderly transaction between market participants at the measurement date. The     carrying amounts of cash, accounts receivable, unbilled receivable, prepaid expenses, and accrued     liabilities approximate their respective fair values as of December 31, 2017 and January 1, 2017.      Recent accounting pronouncements      In  January  2017,  the Financial  Accounting  Standards  Board  (“FASB”) issued  an  update  to  the     standards to clarify the definition of a business to assist entities with evaluating whether transactions     should be accounted for as acquisitions (or disposals) of assets or businesses. The new guidance is     effective for the Company no later than the first quarter of fiscal 2019 and requires a prospective     approach to adoption.  Early adoption is permitted. The Company is evaluating the potential impact of     this standard on its consolidated financial statements and disclosures.      In February 2016, the FASB issued an update to the standards to require lessees to recognize a     lease liability and a right-of-use asset for all leases (lease terms of more than 12 months) at the     commencement date. The new guidance is effective for the Company no later than the first quarter of     fiscal  2020 and  requires  a  modified  retrospective  approach  to  adoption.  Early  adoption  is     permitted. The  Company  is  evaluating  the  potential  impact  of  this  standard  on  its  consolidated     financial statements and disclosures.      In  May 2014,  the  FASB issued  a  new  revenue  recognition  standard  based  on  the  principle  that     revenue is recognized to depict the transfer of goods or services to customers in an amount that     reflects the consideration to which the entity expects to be entitled in exchange for those goods and     services. In August 2015, the FASB deferred the effective date of this standard for all entities by one     year. The new revenue recognition standard becomes effective for the Company in the first quarter of     fiscal 2019, and is to be applied retrospectively using one of two prescribed methods. The Company     is  evaluating  the  application  method  and  impact  on  its  consolidated  financial  statements  and     disclosures.    Note 3 - Asset acquisition      On March 10 and 30 of 2017, Helix Fund acquired 100% of the membership interest of the below     ProjectCos from the Seller. The transaction included the acquisition of certain project contract rights,     including PPAs and site leases. Pursuant to the PCA, Helix Fund paid an aggregate purchase price of     $16,997,483 which  was  capitalized  as  part  of property  and equipment,  net  in  the  accompanying     consolidated balance sheet.                                            10
 Helix Fund I, LLC                                                                    Notes to Consolidated Financial Statements                           December 31, 2017 and January 1, 2017                                                                                             The transactions are accounted for as asset acquisitions.                    Northstar Macys East Coast 2016, LLC  $            5,965,900                 Northstar Macys Nevada, LLC                         2,985,315                 Northstar Macys Illinois, LLC                       5,053,020                 Helix Project I, LLC                                2,993,248                         Total asset acquisition        $          16,997,483                                                                            On December 5 and 23, 2016, Helix Fund acquired 100% of the membership interest of the below     ProjectCos from the Seller. The transaction included the acquisition of certain project contract rights,     including PPAs and site leases. Pursuant to the PCA, Helix Fund paid an aggregate purchase price of     $11,127,358  which  was  capitalized  as  part  of  property  and  equipment,  net  in  the  accompanying     consolidated balance sheet.       The transactions are accounted for as asset acquisitions.                   Northstar Macys US West, 2016, LLC    $          10,057,747                 Northstar Macys Colorado, LLC                       1,069,611                         Total asset acquisition        $          11,127,358                                                                            The Company made capital calls of its Members to purchase the assets. For the convenience of the     parties involved, the Members were instructed to make their respective contributions directly to the     seller. These contributions are noncash as Helix Fund never received or disbursed cash as part of the     transaction.    Note 4 - Property and equipment, net      Property and equipment, net consisted of the following as of December 31, 2017 and January 1,     2017:                                              December 31, 2017   January 01, 2017         Property and equipment, cost         $          28,124,841 $          11,127,358        Accumulated depreciation                          (1,006,675)                   (33,526)                 Property and equipment, net $          27,118,166 $          11,093,832                                                                                   Note 5 - Purchase power agreements      The ProjectCos have entered into PPAs with various third-party off-takers.     The terms of the PPAs range from 16 to 20 years starting on the respective System’s commercial     operation date.  Throughout the term of the PPAs, the off-taker agrees to purchase all of the energy     delivered by the Systems at rates specified in the PPA.       The PPAs with one of the off-takers permits the off-taker to purchase the System at fair market value     on the fifteenth anniversary of the Commercial Operation Date. Upon expiration of the initial term, the     PPAs permit the off-taker to extend the PPA at the fair market price for electricity generated by solar     PV  systems, purchase  the  System  at  fair  market  value,  or  require  the  ProjectCo  to  remove  the     System.                                            11
 Helix Fund I, LLC                                                                    Notes to Consolidated Financial Statements                           December 31, 2017 and January 1, 2017                                                                                          Note 6 - Related party transactions      Management services     On December 5, 2016, Helix Fund entered into a Management Agreement with the Class C Member     to provide asset management services to the Company. The Company pays an annual management     fee of approximately $25,000, which is payable in quarterly installments. The fee shall increase by     two and a half percent (2.5%) annually. The agreement will automatically renew for one-year terms     unless  written  notice  is  provided. The  services  provided  for  each  System  and  ProjectCo  shall     terminate upon expiration of the respective PPA or the date in which the ProjectCo is ceases to be a     subsidiary of Helix Fund. During the fiscal year ended 2017, Helix Fund incurred and paid $25,080 of     management fees. During the period ended January 1, 2017, Helix Fund incurred and paid $986 of     management fees.       Operations and maintenance services     On December 5, 2016, Helix Fund entered into an Operations and Maintenance (“O&M”) Agreement     with  the  Contractor,  an  affiliate  of  the  Class  C  Member, to  provide  operation  and  maintenance     services to the ProjectCos. The Company pays an annual fee up to $20,000 per system, which is     payable in quarterly installments. The fee shall increase by two and a half percent (2.5%) annually.     The term  for  each  System commences on  the Substantial Completion Date, as  defined  in  the     applicable Engineering, Procurement and Construction Agreement, and last for ten years. During the     fiscal year ended 2017, Helix Fund incurred and paid $126,375 of operations and maintenance fees.     Helix Fund did not incur any operations and maintenance fees for the period ended January 1, 2017.       Note payable     On  March  10,  2017,  Helix  Fund entered  into a  promissory  note bearing annual interest  at  7% of     $100,000 with the Class B Member. The full balance was paid off on June 30, 2017.   Note 7 - Members’ equity      Members’ contributions     As of December 31, 2017, contributions made by the Members are as follows:                           December 05, 2016         $      10,057,747                        December 23, 2016                   1,069,611                        March 10, 2017                    14,602,885                        March 30, 2017                      2,394,598                         Total capital contributions $      28,124,841                                                                     No further contributions are required from the Members unless all of the Members consent thereto in     writing.  In  no  circumstances  shall  the Class  C  Member  be  required  or  permitted  to  make  any     contributions.                                            12
 Helix Fund I, LLC                                                              Notes to Consolidated Financial Statements                        December 31, 2017 and January 1, 2017                                                                                    Profit and losses allocation  Profit and losses are allocated using the provisions of the LLC Agreement. Accordingly, all items of  Company income, gain, loss and deduction (or items thereof) shall be allocated among the Capital  Accounts of the Class A and B Members as follows:        (i) Profits and losses generated during the period of time commencing on the Effective Date          and ending on December 31, 2024 (“Allocation Period 1”) shall be allocated 99% to the          Class A Member and 1% to the Class B Member;        (ii) Profits and losses generated during the period of time commencing on the day immediately          following the last day of Allocation Period 1 and ending on December 31, 2025 (“Allocation          Period  2”)  shall be  allocated  84.5%  to  the Class  A  Member and  15.5% to  the Class B          Member; provided that if the Placed In Service Date for a Project occurs during 2017, then          the Members may agree to adjust profit and loss allocation percentages during Allocation          Period 2, and        (iii) Profits and losses generated during the period of time commencing on the day immediately          following the last day of Allocation Period 2 (“Allocation Period 3”) shall be allocated 5% to          the Class A Member and 95% with respect to the Class B Member.   Items of Company deduction or loss shall be adjusted upon certain tax events.     Beginning in 2023, the Class A Member shall be allocated sufficient income (but in no event, shall  such allocation exceed 99% of the Company income) to reduce any deficit in such Class A Member’s  capital account.   The  Class  C  Member  was  admitted  to  conduct  administrative  activities  for  the  Company.  No  contributions  were  required  as  part  of  the  agreement. As  a result, there was  no  profit  and  loss  allocation to the Class C Member.   Distributions  Pursuant to the terms of the LLC Agreement, distributions of net cash flow from operations for each  prior calendar quarter shall be made to the Members as follows:        (i) Net Cash Flow attributable to the period commencing on the Effective Date and through the          end of the PPA term of the ProjectCo shall be distributed to the Members as follows: (A)          98% to the Class B Member and (B) 2% to the Class A Member.        (ii) Net Cash Flow attributable to the period commencing on the day after the PPA term of  the          ProjectCo shall be distributed to the Members as follows: (A) 55% to the Class B Members          and (B) 45% to the Class A Members.   As of December 31, 2017, distributions to the Class A Member and Class B Member totaled $18,622  and for $912,501, respectively. There were no distributions for the period ended January 1, 2017.   The  Class  C  Member was  admitted  to  conduct  administrative  activities  for  the  Company.  No  contributions were required as part of the agreement. As a result, there were no distributions to the  Class C Member.   Members’ equity allocation  At December 31, 2017, consolidated members’ equity of $27,774,444 was allocated $11,748,620 to  the Class A Member, $16,025,824 to the Class B Member, and $0 to the Class C Member. At January                                        13
 Helix Fund I, LLC                                                                    Notes to Consolidated Financial Statements                           December 31, 2017 and January 1, 2017                                                                                             1,  2017,  consolidated  members’  equity  of  $11,080,094  was  allocated  $4,376,425 to  the  Class  A     Member and $6,703,669 to the Class B Member.   Note 8 - Concentration of credit risk      The Company maintains cash with financial institutions. At times, these balances may exceed the     federal insurance limits; however, the Company has not experienced any losses with respect to its     bank balances in excess of government provided insurance. Management believes that no significant     concentration of credit risk exists with respect to these balances for the fiscal year ended December     31, 2017 and the period ended January 1, 2017.   Note 9 - Concentration risks      Approximately 58% and  10% of  the  Company’s total revenue  is  derived  from  PPAs for  Macy’s     Corporate  Services,  Inc. and  Arvin  Union  School  District, respectively,  for  the fiscal year  ended     December 31, 2017. All revenue was derived from PPAs for Macy’s Corporate Services, Inc. for the     period ended January 1, 2017.   Note 10 - Commitments and contingencies      Site agreements     The ProjectCos have entered into site agreements with the offtaker or affiliate of the offtaker of the     property upon which the Systems are located. The site leases commence on the Effective Date of the     site agreements and extend for 20 years or until the PPA expires. The base rent due to the landlord is     de minimis.      Environmental contingencies     The Company reviews its obligations as they relate to compliance with environmental laws, including     site restoration and remediation.  During the fiscal year ended December 31, 2017 and the period     ended  January  1,  2017,  there  were  no  known  environmental  contingencies  that  required  the     Company to recognize a liability.      Legal proceedings     In the normal course of business, the Company may be notified of possible claims or assessments.     The Company will record a provision for these claims when it is both probable that a liability has been     incurred and the amount of the loss, or a range of the potential loss, can be reasonably estimated.      These  provisions  are  reviewed  regularly  and  adjusted  to  reflect  the  impacts  of  negotiations,     settlements, rulings, advice of legal counsel, and other information or events pertaining to a particular     case.  In the opinion of management, the ultimate disposition of these matters will not have a material     adverse effect on the Company’s consolidated financial position, results of operations, or liquidity.   Note 11 - Subsequent events      Events that occur after the balance sheet date but before the financial statements were available to be     issued must be evaluated for recognition or disclosure. The effects of subsequent events that provide     evidence about conditions that existed at the balance sheet date are recognized in the accompanying     financial statements. Subsequent events which provide evidence about conditions that existed after     the balance sheet date, require disclosure in the accompanying notes. Management evaluated the     activity of the Company through March 21, 2018 (the date the financial statements were available to be     issued) and concluded that no subsequent events have occurred that would require recognition in the     financial statements or disclosure in the notes to the financial statements.                                           14