EX-10.1



 Exhibit 10.1 

TERRAFORM GLOBAL, INC., 

TERRAFORM GLOBAL, LLC and 

TERRAFORM GLOBAL OPERATING, LLC 

and 
 SUNEDISON, INC.

 as Manager 

MANAGEMENT SERVICES AGREEMENT 







 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	ARTICLE 1. INTERPRETATION	  	 	1	  
			
	    1.1	  	Definitions	  	 	1	  
	    1.2	  	Headings and Table of Contents	  	 	6	  
	    1.3	  	Interpretation	  	 	6	  
	    1.4	  	Service Recipients Third Party Beneficiaries	  	 	7	  
	    1.5	  	Actions by the Manager or the Service Recipients	  	 	7	  
		
	ARTICLE 2. APPOINTMENT OF THE MANAGER	  	 	8	  
			
	    2.1	  	Appointment and Acceptance	  	 	8	  
	    2.2	  	Other Service Recipients	  	 	8	  
	    2.3	  	Subcontracting and Other Arrangements	  	 	8	  
	    2.4	  	Assumption of O&M and Asset Management Contracts	  	 	8	  
		
	ARTICLE 3. SERVICES AND POWERS OF THE MANAGER	  	 	9	  
			
	    3.1	  	Services	  	 	9	  
	    3.2	  	Supervision of Manager’s Activities	  	 	10	  
	    3.3	  	Restrictions on the Manager	  	 	10	  
	    3.4	  	Errors and Omissions Insurance	  	 	11	  
	    3.5	  	Retention of Third-Party Project Asset Manager	  	 	11	  
		
	ARTICLE 4. RELATIONSHIP BETWEEN THE MANAGER AND THE SERVICE RECIPIENTS	  	 	12	  
			
	    4.1	  	Independent Contractor, No Partnership or Joint Venture	  	 	12	  
		
	ARTICLE 5. MANAGEMENT AND EMPLOYEES	  	 	12	  
			
	     5.1
	  	Management and Employees	  	 	12	  
		
	ARTICLE 6. INFORMATION AND RECORDS	  	 	12	  
			
	     6.1
	  	Books and Records	  	 	12	  
	     6.2
	  	Examination of Records by the Service Recipients	  	 	13	  
	     6.3
	  	Access to Information by Manager Group	  	 	13	  
	     6.4
	  	Access to Information by Service Recipients	  	 	13	  
	     6.5
	  	Additional Information	  	 	14	  
		
	ARTICLE 7. FEES AND EXPENSES	  	 	14	  
			
	     7.1
	  	Base Management Fee	  	 	14	  









							
	 	  	 	  	Page	 
			
	    7.2	  	Computation and Payment of Quarterly Base Management Fee Amount	  	 	14	  
	    7.3	  	Expenses	  	 	14	  
	    7.4	  	Governmental Charges	  	 	16	  
	    7.5	  	Computation and Payment of Expenses and Governmental Charges	  	 	16	  
		
	 ARTICLE 8. REPRESENTATIONS AND WARRANTIES OF THE MANAGER AND THE SERVICE RECIPIENTS
	  	 	16	  
			
	    8.1	  	Representations and Warranties of the Manager	  	 	16	  
	    8.2	  	Representations and Warranties of the Service Recipients	  	 	17	  
		
	ARTICLE 9. LIABILITY AND INDEMNIFICATION	  	 	18	  
			
	    9.1	  	Indemnity	  	 	18	  
	    9.2	  	Limitation of Liability	  	 	19	  
	    9.3	  	Benefit to all Manager Indemnified Parties	  	 	20	  
		
	ARTICLE 10. TERM AND TERMINATION	  	 	20	  
			
	    10.1	  	Term	  	 	20	  
	    10.2	  	Termination by the Service Recipients	  	 	20	  
	    10.3	  	Termination by the Manager	  	 	21	  
	    10.4	  	Survival Upon Termination	  	 	22	  
	    10.5	  	Action Upon Termination	  	 	22	  
	    10.6	  	Release of Money or other Property Upon Written Request	  	 	22	  
		
	ARTICLE 11. NON-COMPETE	  	 	23	  
			
	    11.1	  	Non-Compete	  	 	23	  
	    11.2	  	Non-Solicitation	  	 	24	  
	    11.3	  	Survival	  	 	24	  
		
	ARTICLE 12. GENERAL PROVISIONS	  	 	24	  
			
	    12.1	  	Amendment, Waiver	  	 	24	  
	    12.2	  	Assignment	  	 	25	  
	    12.3	  	Failure to Pay When Due	  	 	25	  
	    12.4	  	Invalidity of Provisions	  	 	25	  
	    12.5	  	Entire Agreement	  	 	25	  
	    12.6	  	Mutual Waiver of Jury Trial	  	 	26	  
	    12.7	  	Consent to Jurisdiction and Service of Process	  	 	26	  
	    12.8	  	Governing Law	  	 	27	  
	    12.9	  	Enurement	  	 	27	  
	    12.10	  	Notices	  	 	27	  
	    12.11	  	Further Assurances	  	 	28	  
	    12.12	  	Counterparts	  	 	28	  








 MANAGEMENT SERVICES AGREEMENT 

THIS AGREEMENT is made as of August 5, 2015, by and among TerraForm Global, Inc., a Delaware corporation (“Global”),
TerraForm Global, LLC, a Delaware limited liability company (“Global LLC”), TerraForm Global Operating, LLC, a Delaware limited liability company (“Global Operating”), and SunEdison, Inc., a Delaware corporation
(the “Manager”). This Agreement shall become effective immediately prior to the consummation of the initial public offering of Global’s Class A Common Stock on the date first above written. 

RECITALS: 
 A.
Global, Global LLC and Global Operating directly and indirectly, as applicable, hold interests in the Service Recipients (as defined below). 

B. Global, Global LLC and Global Operating wish to engage the Manager to provide or arrange for other Service Providers (as defined below) to
provide the services set forth in this Agreement to the Service Recipients, subject to the supervision of such services by the Independent Committee (as defined below) and the terms and conditions of this Agreement, and the Manager wishes to accept
such engagement. 
 NOW THEREFORE in consideration of the mutual covenants and agreements contained in this Agreement and other good
and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows: 

ARTICLE 1. 

INTERPRETATION 
 1.1
Definitions 
 In this Agreement, except where the context otherwise requires, the following terms will have the following meanings:

 1.1.1 “Affiliate” means, with respect to a Person, any other Person that, directly or indirectly, through one or more
intermediaries, Controls or is Controlled by such Person, or is under common Control of a third Person. 
 1.1.2 “Acquired
Assets” means any renewable generation and infrastructure asset acquired after the date hereof by any member of the Global Group, including, but not limited, to any assets acquired pursuant to the Support Agreement or otherwise agreed upon
by the Manager and Global. 
 1.1.3 “Agreement” means this Management Services Agreement, and “herein,”
“hereof,” “hereby,” “hereunder” and similar expressions refer to this Agreement and include every instrument supplemental or ancillary to this Agreement and, except where the context otherwise requires, not to any
particular article or section thereof. 

  
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 1.1.4 “Asset Management Agreements” means any project-level asset management or
administrative support agreements entered or to be entered into between any member of the Global Group and any member of the Manager’s Group or any third party. 

1.1.5 “Base Management Fee” means, 

for the calendar year 2015, zero dollars ($0) 

for the calendar year 2016, an amount equal to 2.5% of Global’s Cash Available for Distribution; 

for the calendar year 2017, an amount equal to 2.5% of Global’s Cash Available for Distribution; 

for the calendar year 2018, an amount equal to 2.5% of Global’s Cash Available for Distribution; and 

for the calendar year 2019 and thereafter, an amount equal to the Manager Group’s actual cost in providing services pursuant to the terms
of this Agreement. 
 The Base Management Fee may be increased or decreased from time to time by an agreed upon amount resulting from the amendment of the
scope of the Services pursuant to Section 12.1.1 hereof. 
 1.1.6 “Business” means the business carried on from
time to time by the Global Group. 
 1.1.7 “Business Day” means every day except a Saturday or Sunday, or a legal holiday
in the City of New York on which banking institutions are authorized or required by law, regulation or executive order to close. 
 1.1.8
“Cash Available for Distribution” means net cash provided by (used in) operating activities (i) plus or minus changes in assets and liabilities as reflected on Global’s statements of cash flows, (ii) minus deposits
into (or plus withdrawals from) restricted cash accounts required by project financing arrangements to the extent they decrease (or increase) cash provided by operating activities, (iii) minus cash distributions paid to noncontrolling
interests, if any, (iv) minus scheduled project-level and other debt service payments and repayments in accordance with the related borrowing arrangements, to the extent they are paid from operating cash flows during a period, (v) minus
non-expansionary capital expenditures, if any, to the extent they are paid from operating cash flows during a period, and (vi) plus or minus other operating items as necessary to present the cash flows Global deems representative of its core
business operations, with the approval of Global’s audit committee. 
 1.1.9 “Change in Control” shall mean any of the
following: (i) any subsidiary of the Manager that owns the stock in Global no longer being a Subsidiary of the Manager; (ii) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or
substantially all of the assets of any of the Parties to any Person or group of related Persons 

  
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for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (a “Group”), together with any affiliates thereof;
(iii) the commencement of the liquidation or dissolution of any of the Parties; (iii) any Person or Group shall become the beneficial owner (within the meaning of Section 13(d) of the Exchange Act), directly or indirectly, of shares
representing more than 50% of the aggregate voting power of the issued and outstanding stock entitled to vote in the election of directors, managers or trustees (the “Voting Stock”) of any of the Parties and such Person or Group
actually has the power to vote such shares in any such election; (iv) the replacement of a majority of the Board of Directors of any of the Parties over a two-year period from the directors who constituted the applicable Board of Directors at
the beginning of such period, and such replacement shall not have been approved by a vote of at least a majority of the applicable Board of Directors then still in office who were members of such Board of Directors at the beginning of such period;
or (v) a merger or consolidation of any of the Parties with another entity in which holders of the Common Stock of the applicable Party immediately prior to the consummation of the transaction hold, directly or indirectly, immediately following
the consummation of the transaction, 50% or less of the common equity interest in the surviving corporation in such transaction. 
 1.1.10
“Claims” has the meaning assigned thereto in Section 9.1.1 hereof. 
 1.1.11 “Control” means
the control by one Person of another Person in accordance with the following: a Person (“A”) controls another Person (“B”) where A has the power to determine the management and policies of B by contract or status (for example the
status of A being the managing member of B) or by virtue of beneficial ownership of or control over a majority of the voting or economic interests in B; and, for certainty and without limitation, if A owns or has control over shares to which are
attached more than 50% of the votes permitted to be cast in the election of directors to the Governing Body of B or A is the general partner of B, a limited partnership, then in each case A Controls B for this purpose, and the term
“Controlled” has the corresponding meaning. 
 1.1.12 “Construction Completion Date” means the date on which
(i) control over the relevant power project site has been obtained by the relevant Person, including through the execution of appropriate purchase option, lease option or similar agreements; (ii) a power purchase agreement or other energy
off-take agreement has been secured for such project by the relevant Person; and (iii) such project has reached mechanical completion, which is prior to the project being placed into service. 

1.1.13 “Expense Statement” has the meaning assigned thereto in Section 7.5. 

1.1.14 “GAAP” means generally accepted accounting principles in the United States, and otherwise applicable local accounting
principles, used by Global in preparing its financial statements from time to time; provided that, at any time after adoption of IFRS by Global for its financial statements and reports for all financial reporting purposes, all references to
GAAP hereunder shall be to IFRS. 
 1.1.15 “Global” has the meaning assigned thereto in the preamble. 

  
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 1.1.16 “Global Group” means Global, Global LLC, Global Operating and their
direct and indirect Subsidiaries. 
 1.1.17 “Global LLC” has the meaning assigned thereto in the preamble. 

1.1.18 “Global Operating” has the meaning assigned thereto in the preamble. 

1.1.19 “Governing Body” means (i) with respect to a corporation, the board of directors of such corporation,
(ii) with respect to a limited liability company, the manager(s) or managing member(s) of such limited liability company, (iii) with respect to a limited partnership, the board, committee or other body of the general partner of such
partnership that serves a similar function or the general partner itself (or if any such general partner is itself a limited partnership, the board, committee or other body of such general partner’s general partner that serves a similar
function or such general partner’s partner) and (iv) with respect to any other Person, the body of such Person that serves a similar function, and in the case of each of (i) through (iv) includes any committee or other
subdivision of such body and any Person to whom such body has delegated any power or authority, including any officer and managing director. 

1.1.20 “Governing Instruments” means (i) the certificate of incorporation and bylaws in the case of a corporation,
(ii) the articles of formation and operating agreement in the case of a limited liability company (iii) the partnership agreement in the case of a partnership, and (iv) any other similar governing document under which an entity was
organized, formed or created and/or operates. 
 1.1.21 “Governmental Authority” means any (i) international,
national, multinational, federal, state, regional, municipal, local or other government, governmental or public department, central bank, court, tribunal, arbitral body, commission, board, bureau, agency or instrumentality, domestic or foreign,
including ISO/RTOs, (ii) self-regulatory organization or stock exchange, (iii) subdivision, agent, commission, board, or authority of any of the foregoing, or (iv) quasi-governmental or private body exercising any regulatory,
expropriation or taxing authority under or for the account of any of the foregoing. 
 1.1.22 “Governmental Charges” has
the meaning assigned thereto in Section 7.4 hereof. 
 1.1.23 “IFRS” means the International Financial
Reporting Standards as issued by the International Accounting Standards Board. 
 1.1.24 “Independent Committee” means the
Corporate Governance and Conflicts Committee of Global’s Board of Directors. 
 1.1.25 “Interest Payment Agreement”
means the Interest Payment Agreement dated on or about the date hereof by and among Global LLC, Global Operating, SunEdison Holdings Corporation and Manager. 

1.1.26 “Interest Rate” means, for any day, the rate of interest equal to the overnight U.S. dollar London interbank offered
rate on such day. 

  
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 1.1.27 “ISO/RTO” means an independent electricity system operator, a regional
transmission organization, national system operator or any other similar organization overseeing the transmission of energy in any jurisdiction in which the Global Group owns assets or operates. 

1.1.28 “Laws” means any and all applicable (i) laws, constitutions, treaties, statutes, codes, ordinances, principles of
common law and equity, rules, regulations and municipal bylaws whether domestic, foreign or international, (ii) judicial, arbitral, administrative, ministerial, departmental and regulatory judgments, orders, writs, injunctions, decisions, and
awards of any Governmental Authority, and (iii) policies, practices and guidelines of any Governmental Authority which, although not actually having the force of law, are considered by such Governmental Authority as requiring compliance as if
having the force of law, and the term “applicable,” with respect to such Laws and in the context that refers to one or more Persons, means such Laws that apply to such Person or Persons or its or their business, undertaking,
property or securities at the relevant time and that emanate from a Governmental Authority having jurisdiction over the Person or Persons or its or their business, undertaking, property or securities. 

1.1.29 “Liabilities” has the meaning assigned thereto in Section 9.1.1 hereof. 

1.1.30 “Manager Group” means the Manager and its Affiliates (other than any member of the Global Group) and any other Service
Providers. 
 1.1.31 “Manager Indemnified Parties” has the meaning assigned thereto in Section 9.1.1 hereof.

 1.1.32 “Manager” has the meaning assigned thereto in the preamble. 

1.1.33 “O&M Agreements” means any project-level operation and maintenance agreements entered or to be entered into
between any member of the Global Group and any member of the Manager’s Group or any other third party. 
 1.1.34 “Operational
and Other Services” means any services provided by any member of the Manager Group to any member of the Global Group, including financial advisory, operations and maintenance, marketing, agency, development, operating management and other
services, including services provided under any Operating and Administrative Agreement. 
 1.1.35 “Operating and Administrative
Agreements” means the O&M Agreements and Asset Management Agreements in effect on the date hereof between certain members of the Global Group and Affiliates of the Manager for such Global Group members’ operating, project-level
asset management and administrative needs and, with respect to any Acquired Assets, any operations and administrative agreements between any of the Acquired Assets and Affiliates of the Manager for such asset’s operating, project-level asset
management and administrative needs in effect as of the date of acquisition of the Acquired Asset by a member of the Global Group; for greater certainty, none of the Operating and Administrative Agreements are, or shall be, amended or terminated, or
otherwise altered, by this Agreement. 
 1.1.36 “Parties” means any of Global, Global LLC, Global Operating LLC or
SunEdison, Inc. 

  
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 1.1.37 “Permit” means any consent, license, approval, registration, permit or
other authorization granted by any Governmental Authority. 
 1.1.38 “Person” means any natural person, partnership,
limited partnership, limited liability partnership, joint venture, syndicate, sole proprietorship, company or corporation (with or without share capital), limited liability corporation, unlimited liability company, joint stock company,
unincorporated association, trust, trustee, executor, administrator or other legal personal representative, regulatory body or agency, government or Governmental Agency, authority or entity however designated or constituted and pronouns have a
similarly extended meaning. 
 1.1.39 “Quarter” means a calendar quarter ending on the last day of March, June, September
or December. 
 1.1.40 “Service Providers” means the Manager, any member of the Manager Group and any other entity or
individual that the Manager has arranged to provide the Services to any Service Recipient in accordance with Section 2.3 hereof. 

1.1.41 “Service Recipient” means Global, Global LLC, Global Operating and the Subsidiaries listed on Schedule I
hereto, as well as any other direct and indirect Subsidiary of Global, Global LLC, Global Operating, as applicable, acquired or formed after the date hereof that receives Services from a Service Provider pursuant to this Agreement. 

1.1.42 “Services” has the meaning assigned thereto in Section 3.1 hereof. 

1.1.43 “Subsidiary” means, with respect to any Person, (i) any other Person that is directly or indirectly Controlled by
such Person, (ii) any trust in which such Person holds all of the beneficial interests or (iii) any partnership, limited liability company or similar entity in which such Person holds all of the interests other than the interests of any
general partner, managing member or similar Person. 
 1.1.44 “Support Agreement” means the Support Agreement between the
Manager and Global dated on or about the date hereof that provides Global LLC a right to purchase certain assets of the Manager. 
 1.1.45
“Third Party Claim” has the meaning assigned thereto in Section 9.1.3 hereof. 
 1.1.46 “Transaction
Fees” means fees paid or payable by the Service Recipients, which are on market terms, with respect to financial advisory services ordinarily carried out by investment banks in the context of mergers and acquisitions transactions. 

1.2 Headings and Table of Contents 

The inclusion of headings and a table of contents in this Agreement are for convenience of reference only and will not affect the construction
or interpretation hereof. 
 1.3 Interpretation 

  
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 In this Agreement, unless the context otherwise requires: 

1.3.1 words importing the singular shall include the plural and vice versa, words importing gender shall include all genders or the neuter,
and words importing the neuter shall include all genders; 
 1.3.2 the words “include”, “includes”,
“including”, or any variations thereof, when following any general term or statement, are not to be construed as limiting the general term or statement to the specific items or matters set forth or to similar items or matters, but rather
as referring to all other items or matters that could reasonably fall within the broadest possible scope of the general term or statement; 

1.3.3 references to any Person include such Person’s successors and permitted assigns 

1.3.4 any reference to a statute, regulation, policy, rule or instrument shall include, and shall be deemed to be a reference also to, all
amendments made to such statute, regulation, policy, rule or instrument and to any statute, regulation, policy, rule or instrument that may be passed which has the effect of supplementing or superseding the statute, regulation, policy, rule or
instrument so referred to; 
 1.3.5 any reference to this Agreement or any other agreement, document or instrument shall be construed as a
reference to this Agreement or, as the case may be, such other agreement, document or instrument as the same may have been, or may from time to time be, amended, varied, replaced, amended and restated, supplemented or otherwise modified; 

1.3.6 in the event that any day on which any amount is to be determined or any action is required to be taken hereunder is not a Business Day,
then such amount shall be determined or such action shall be required to be taken at or before the requisite time on the next succeeding day that is a Business Day; and 

1.3.7 except where otherwise expressly provided, all amounts in this Agreement are stated and shall be paid in U.S. currency. 

1.4 Service Recipients Third Party Beneficiaries 

The Manager agrees that each of the Service Recipients, including the Service Recipients listed on Schedule I hereto and any other
Service Recipient formed or acquired after the date of this Agreement in accordance with Section 2.2 hereof, shall be, and is hereby, named as express third-party beneficiary of this Agreement entitled to all the benefits conferred under
this Agreement. 
 1.5 Actions by the Manager or the Service Recipients 

Unless the context requires otherwise, where the consent of or a determination is required by the Manager or Service Recipient hereunder, the
parties shall be entitled to conclusively rely upon it having been given or taken, as applicable, if, the Manager or such Service Recipient, as applicable, has communicated the same in writing. 

  
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 ARTICLE 2. 

APPOINTMENT OF THE MANAGER 

2.1 Appointment and Acceptance 

2.1.1 Subject to and in accordance with the terms, conditions and limitations in this Agreement, Global, Global LLC and Global Operating
hereby appoint the Manager to provide or arrange for other Service Providers to provide the Services to the Service Recipients. This appointment will be subject to the express terms of this Agreement and to the supervision of the Manager and all
other Service Providers by the Independent Committee. 
 2.1.2 The Manager hereby accepts the appointment provided for in
Section 2.1.1 and agrees to act in such capacity and to provide or arrange for other Service Providers to provide the Services to the Service Recipients upon the terms, conditions and limitations in this Agreement. 

2.2 Other Service Recipients 

The parties acknowledge that any Subsidiary of Global, Global LLC or Global Operating formed or acquired in the future that is not a Service
Recipient on the date hereof may become a Service Recipient under this Agreement. In the event that any such addition results in an amendment of the scope of the Services, such amendment shall be effectuated as provided by Section 12.1.1
hereof. 
 2.3 Subcontracting and Other Arrangements 

The Manager may subcontract to any other Service Provider or any of its other Affiliates, or arrange for the provision of any or all of
the Services to be provided by it under this Agreement by any other Service Provider or any other of its Affiliates, and each of Global, Global LLC and Global Operating hereby consents to any such subcontracting or arrangement; provided that
the Manager shall remain responsible to the Service Recipients for any Services provided by such other Service Provider or Affiliate and provided further that any Service Provider that is not an Affiliate of the Manager shall be reasonably
acceptable to Global. 
 2.4 Assumption of O&M and Asset Management Contracts 

2.4.1 After the date of this Agreement, Global shall, and shall cause the other members of the Global Group to, use its best efforts to have
Manager or a member of the Manager Group act as the primary operating and maintenance and asset management counter-party for the Global Group energy projects; and the Manager agrees to, and shall cause the other applicable members of the Manager
Group to enter into the relevant Asset Management Agreements and O&M Agreements on terms and conditions that are market standard and otherwise reasonably acceptable to Global. The amounts to be paid by members of the Global Group in respect of
such services shall not exceed the fair market value of such services (determined as the price that would be applicable between an unrelated provider and recipient). 

2.4.2 The provisions of Section 2.4.1 notwithstanding, (i) in circumstances where in the good-faith determination of a senior
executive officer of Global, the engagement of a 

  
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member of the Manager Group to provide prime operating and maintenance services or prime asset management services would be commercially unreasonable or (ii) with respect to projects located
in markets or utilizing technologies where the Manager Group does not provide operating and maintenance or asset management services, members of the Global Group may engage third party providers with respect to such services. 

ARTICLE 3. 
 SERVICES AND
POWERS OF THE MANAGER 
 3.1 Services 

The Manager will provide, or arrange for the provision by other Service Providers of the following services (the “Services”)
to the Service Recipients, provided, however, that in the event the Service Recipients are able to, or otherwise elect to, provide any or all of the below mentioned Services itself then neither Manager nor any other Service Provider shall provide
such Services: 
 3.1.1 causing or supervising the carrying out of all day to day management, secretarial, accounting, banking, treasury,
administrative, liaison, representative, regulatory and reporting functions and obligations; 
 3.1.2 identifying, evaluating and
recommending to the Global Group acquisitions or dispositions from time to time and, where requested to do so, assisting in negotiating the terms of such acquisitions or dispositions; 

3.1.3 recommending and implementing the business strategy of the Service Recipients, including potential new markets to enter; 

3.1.4 establishing and maintaining or supervising the establishment and maintenance of books and records; 

3.1.5 recommending and, where requested to do so, assisting in the raising of funds whether by way of debt, equity or otherwise, including the
preparation, review or distribution of any prospectus or offering memorandum in respect thereof and assisting with communications support in connection therewith; 

3.1.6 recommending to the members of the Global Group suitable candidates to serve on the Governing Bodies of the Global Group; 

3.1.7 making recommendations with respect to the exercise of any voting rights to which the Service Recipients are entitled in respect of its
Subsidiaries; 
 3.1.8 making recommendations with respect to the payment of dividends by the Service Recipients or any other distributions
by the Service Recipients, including distributions by Global to its stockholders; 
 3.1.9 monitoring and/or oversight of the applicable
Service Recipient’s accountants, legal counsel and other accounting, financial or legal advisors and technical, 

  
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commercial, marketing and other independent experts and managing litigation in which a Service Recipient is sued or commencing litigation after consulting with, and subject to the approval of,
the relevant Governing Body; 
 3.1.10 attending to all matters necessary for any reorganization, bankruptcy proceedings, dissolution or
winding up of a Service Recipient, subject to approval by the relevant Governing Body; 
 3.1.11 supervising the timely calculation and
payment of taxes payable, and the filing of all tax returns, by each Service Recipient; 
 3.1.12 causing or supervising the preparation of
the Service Recipients’ annual combined financial statements and quarterly interim financial statements and, as applicable, local statutory accounts (i) to be prepared in accordance with GAAP and audited at least to such extent and with
such frequency as may be required by law, regulation or in order to comply with any debt covenants; and (ii) to be submitted to the Governing Body of each Service Recipient for its prior approval; 

3.1.13 making recommendations in relation to and effecting the entry into insurance of each Service Recipient’s assets, together with
other insurances against other risks, including directors and officers insurance, as the relevant Service Provider and the relevant Governing Body may from time to time agree; 

3.1.14 arranging for individuals to carry out the functions of the principal executive, accounting and financial officers for Global only for
purposes of applicable securities laws and the regulations of any stock exchange on which the Securities of Global are listed and subject to the approval of Global’s Governing Body; 

3.1.15 providing individuals to act as senior officers of the Service Recipients as agreed from time to time, subject to the approval of the
relevant Governing Body; 
 3.1.16 making recommendations to the Service Recipients regarding the maintenance of compliance with applicable
Laws and other obligations; and 
 3.1.17 providing all such other services as may from time to time be agreed with the Service Recipients
that are reasonably related to the Service Recipient’s day to day operations. 
 3.2 Supervision of Manager’s Activities

 The Manager and all other Service Providers shall, at all times, be subject to the supervision of the Independent Committee, and shall
only provide or arrange for the provision of such Services as the Independent Committee may request from time to time. 
 3.3
Restrictions on the Manager 
 3.3.1 The Manager shall, and shall cause any other Service Provider to, refrain from taking any action
that is not in compliance with or would violate any Laws or that 

  
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otherwise would not be permitted by the Governing Instruments of the Service Recipients, and shall ensure that all Services are performed in good faith in the interest of the Service Recipient.
If the Manager or any Service Provider is instructed to take any action that is not in such compliance by a Service Recipient’s Governing Body, such person will promptly notify such Governing Body of its judgment that such action would not
comply with or violate any such Laws or otherwise would not be permitted by such Governing Instrument. 
 3.3.2 In performing its duties
under this Agreement, each member of the Manager Group shall be entitled to rely in good faith on qualified experts, professionals and other agents (including on accountants, appraisers, consultants, legal counsel and other professional advisors)
and shall be permitted to rely in good faith upon the direction of a Service Recipient’s Governing Body to evidence any approvals or authorizations that are required under this Agreement. All references in this Agreement to the Service
Recipients or Governing Body for the purposes of instructions, approvals and requests to the Manager will refer to the Governing Body. 

3.3.3 Except as approved by Global, the Manager shall, and shall cause any other Service Provider to, keep any funds of any Service Recipient
in segregated accounts kept in the name of the relevant Service Provider. 
 3.3.4 Notwithstanding any other provision of this Agreement,
Manager shall, and shall cause all other Service Providers to, at all times comply with Global’s Conflict of Interest Policy. In particular, it shall ensure that the Independent Committee approve in advance (i) the terms of material
transactions of any Service Recipient with any member of the Manager’s Group, (ii) the disposition of material assets by any Service Recipient (other than the disposition of non-material assets in the normal course of business), and
(iii) the commencement of any voluntary case under any bankruptcy or other debtor relief laws, or the consent to an order for relief in any involuntary case under any such law, or the appointment of any receiver or other custodian for all or
substantially all of the property, by or of any member of the Global Group. 
 3.4 Errors and Omissions Insurance 

The Manager shall, and shall cause any other Service Provider to, at all times during the term of this Agreement maintain “errors and
omissions” insurance coverage and other insurance coverage which is customarily carried by Persons performing functions that are similar to those performed by the Service Providers under this Agreement, with reputable insurance companies and in
an amount which is comparable to that which is customarily maintained by such other Persons. In each case, the relevant Service Recipients shall be included as additional insured or loss payees under the relevant policies. 

3.5 Retention of Third-Party Project Asset Manager 

In the event required by a project lender or other provider of project financing associated with the applicable project, Global may request
that the Manager retain one or more independent third-party project asset managers reasonably acceptable to Global. The cost and expense incurred as a result of the retention of such third-party project asset managers shall be paid for by the
relevant Service Recipient, subject to the second sentence of Section 2.4.1 above. 

  
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 ARTICLE 4. 

RELATIONSHIP BETWEEN THE MANAGER AND 

THE SERVICE RECIPIENTS 

4.1 Independent Contractor, No Partnership or Joint Venture 

The parties acknowledge that the Manager is providing or arranging for the provision of the Services hereunder as an independent
contractor and that the Service Recipients and the Manager are not partners or joint venturers with or agents of each other, and nothing herein will be construed so as to make them partners, joint venturers or agents or impose any liability as such
on any of them as a result of this Agreement; provided however that nothing herein will be construed so as to prohibit the Service Recipients and the Manager from embarking upon an investment together as partners, joint venturers or in any
other manner whatsoever. 
 ARTICLE 5. 

MANAGEMENT AND EMPLOYEES 

5.1 Management and Employees 

5.1.1 The Manager shall arrange, or shall arrange for another member of the Manager Group to arrange, for such qualified personnel and support
staff to be dedicated to carrying out the Services. Except as agreed to between the Manager and Global, such personnel and support staff shall devote their full time to the provision of the Services to the Service Recipients. 

5.1.2 Each of Global, Global LLC and Global Operating shall, and shall cause each of the other Service Recipients to do all things reasonably
necessary on its part as requested by any member of the Manager Group consistent with the terms of this Agreement to enable the members of the Manager Group to fulfill their obligations, covenants and responsibilities and to exercise their rights
pursuant to this Agreement, including making available to the Manager Group, and granting the Manager Group access to, the employees and contractors of the Service Recipients as any member of the Manager Group may from time to time reasonably
request. 
 5.1.3 The Manager covenants and agrees to exercise, and to cause the other Service Providers to exercise, the power and to
discharge and to cause the other Service Providers to discharge, the duties conferred under this Agreement honestly and in good faith, and shall exercise, and shall cause the other Service Providers to exercise the degree of care, diligence and
skill that a reasonably prudent person would exercise in comparable circumstances. 
 ARTICLE 6. 

INFORMATION AND RECORDS 

6.1 Books and Records 

The Manager shall, or shall cause any other Service Provider to, as applicable, maintain proper books, records and documents on behalf of each
Service Recipient, in which complete, true and correct entries, in conformity in all material respects with GAAP and all requirements of applicable Laws, will be made. 

  
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 6.2 Examination of Records by the Service Recipients 

Upon reasonable prior notice by the Service Recipients to the relevant member of the Manager Group, the relevant member of the Manager Group
will make available to the Service Recipients and their authorized representatives, for examination during normal business hours on any Business Day, all books, records and documents required to be maintained under Section 6.1 hereof. In
addition, the Manager Group will make available to the Service Recipients or their authorized representatives, including any members of the Independent Committee, such financial and operating data in respect of the performance of the Services under
this Agreement as may be in existence and as the Service Recipients or their authorized representatives will from time to time reasonably request, including for the purposes of conducting any audit in respect of expenses of the Service Recipients or
other matters necessary or advisable to be audited in order to conduct an audit of the financial affairs of the Service Recipients. Any examination of records will be conducted in a manner which will not unduly interfere with the conduct of the
Service Recipients’ activities or of the Manager Group’s business in the ordinary course. 
 6.3 Access to Information by
Manager Group 
 6.3.1 Each of Global, Global LLC and Global Operating shall, and shall cause the other Service Recipients to: 

6.3.1.1 grant, or cause to be granted, to the Manager Group full access to all documentation and information reasonably
necessary in order for the Manager Group to perform its obligations, covenants and responsibilities pursuant to the terms hereof and to enable the Manager Group to provide the Services; and 

6.3.1.2 provide, or cause to be provided, all documentation and information as may be reasonably requested by any member of the
Manager Group, and promptly notify the appropriate member of the Manager Group of any material facts or information of which the Service Recipients are aware, including any known, pending or threatened suits, actions, claims, proceedings or orders
by or against any member of the Global Group before any Governmental Authority, that may affect the performance of the obligations, covenants or responsibilities of the Manager Group pursuant to this Agreement, including maintenance of proper
financial records. 
 6.4 Access to Information by Service Recipients 

6.4.1 The Manager shall, and shall cause the other members of the Manager Group and any other Service Provider to: 

6.4.1.1 grant, or cause to be granted, to the Global Group full access to all documentation and information reasonably
necessary in order for the Global Group to conduct their business; and 
 6.4.1.2 provide, or cause to be provided, all
documentation and information as may be reasonably requested by any member of the Global Group, including the Independent Committee, and promptly notify the appropriate Service Recipient of any material facts or information of which the Manager
Group is aware, 

  
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including any known, pending or threatened suits, actions, claims, proceedings or orders by or against any member of the Manager Group before any Governmental Authority, that may affect the
Global Group, including maintenance of proper financial records. 
 6.5 Additional Information 

The parties acknowledge and agree that conducting the activities and providing the Services contemplated herein may have the incidental
effect of providing additional information which may be utilized with respect to, or may augment the value of, business interests and related assets in which any of the Service Providers or any of its Affiliates has an interest and that, subject to
compliance with this Agreement, none of the Service Providers or any of their respective Affiliates will be liable to account to the Service Recipients with respect to such activities or results; provided, however, that the relevant
Service Provider will not (and will cause its Affiliates not to), in making any use of such additional information, do so in any manner that would cause or result in a breach of any confidentiality provision of agreements to which any Service
Recipient is (or may become) a party or is (or may become) bound. 
 ARTICLE 7. 

FEES AND EXPENSES 
 7.1
Base Management Fee 
 7.1.1 Global LLC, on behalf of the Service Recipients, hereby agrees to pay, during the term of this
Agreement, the Base Management Fee. The Base Management Fee, prorated for the relevant time period, shall be paid quarterly in arrears. For the avoidance of doubt, the parties hereto agree that the Base Management Fee for the calendar year 2015 is
zero and, as a result, neither Global LLC nor any of the Service Recipients shall be obligated to make payment in respect of services provided by Manager during such year. 

7.1.2 The Base Management Fee will not be reduced by operation of this Agreement by the amount of any fees that are paid or payable by any
member of the Global Group to any member of the Manager Group pursuant to any Operating and Administrative Agreements. 
 7.2 Computation
and Payment of Quarterly Base Management Fee Amount 
 7.2.1 The Manager will compute the part of the Base Management Fee payable for
each Quarter as soon as practicable following the end of the Quarter with respect to which such payment is due, but in any event no later than 30 days following the end of such Quarter. A copy of the computations made will thereafter promptly be
delivered to Global LLC. As soon as practicable following delivery of the computation of the part of the Base Management Fee for any Quarter, but in no event later than the 45th day following the end of such Quarter, Global LLC shall remit the
corresponding payment for the corresponding Quarter to the Manager. 
 7.3 Expenses 

7.3.1 The Manager acknowledges and agrees that the Service Recipients will not be required to reimburse any member of the Manager Group for
the salaries and other remuneration of the management, personnel or support staff of the Manager Group who provide the Services to such Service Recipients or overhead for such persons. 

  
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 7.3.2 The Manager acknowledges and agrees that the Service Recipients will not be required to
reimburse the Manager for out-of-pocket fees, costs and expenses, including those of any third party, incurred by the Manager or any member of the Manager Group in connection with the provision of the Services. Expenses are expected to include,
among other things: 
 7.3.2.1 fees, costs and expenses as a result of Global being a publicly traded entity, including, but
not limited to, costs associated with annual, quarterly and current reports, independent auditor fees, governance and compliance, registrar and transfer agent fees, exchange listing fees, tax return preparation and distribution, legal fees,
independent director compensation and directors and officers liability insurance premiums, but excluding any fees directly related to the initial public offering of Global’s Class A Common Stock; 

7.3.2.2 non-project level operating expenses and non-project level operating expenses capital expenditures incurred in
connection with the provisions of the Services, including those related to information technology systems and enterprise resource planning systems; 

7.3.2.3 fees, costs and expenses relating to any debt or equity financing of any member of the Global Group which fails to be
completed for any reason; 
 7.3.2.4 fees, costs and expenses incurred in connection with the general administration of any
Service Recipient; 
 7.3.2.5 taxes, licenses and other statutory fees or penalties levied against or in respect of a Service
Recipient in respect of Services; 
 7.3.2.6 amounts paid by the relevant member of the Manager Group under indemnification,
contribution or similar arrangements; 
 7.3.2.7 fees, costs and expenses relating to financial reporting, regulatory filings
and investor relations and the fees, costs and expenses of agents, advisors and other Persons who provide Services to a Service Recipient; 

7.3.2.8 any other fees, costs and expenses incurred by the relevant member of the Manager Group that are reasonably necessary
for the performance by the relevant member of the Manager Group of its duties and functions under this Agreement or any Operating and Administrative Agreement; 

7.3.2.9 fees, expenses and costs, including Transaction Fees, incurred in connection with the investigation, acquisition,
holding or disposal of any asset or business (including with respect to any Acquired Assets) that is made or that is proposed to be made by the Service Recipients to the extent any such transaction fails to be completed for whatever reason;
provided that, where the acquisition or proposed 

  
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acquisition involves a joint acquisition that is made alongside one or more other Persons, the Manager shall allocate such fees, expenses and costs in proportion to the notional amount of the
acquisition made (or that would have been made in the case of an unconsummated acquisition) among members of the Global Group and such other Persons; and 

7.3.2.10 fees, expenses and costs associated with obtaining and maintaining reasonable and customary insurance. 

7.4 Governmental Charges 

Without limiting Section 7.3 above, Global LLC, on behalf of the Service Recipients, shall pay or reimburse the relevant member of
the Manager Group for all sales taxes, use taxes, value added taxes, withholding taxes or other similar taxes, customs duties or other governmental charges (“Governmental Charges”) that are levied or imposed by any Governmental
Authority by reason of this Agreement, any Operating and Administrative Agreement or any other agreement contemplated by this Agreement, or the fees or other amounts payable hereunder or thereunder, except (i) for any income taxes, corporation
taxes, capital taxes or other similar taxes payable by any Service Provider which are personal to such Service Provider and (ii) to the extent such Governmental Charges relate to the provision of Services by Manager or any other Service
Provider pursuant to this Agreement. Any failure by the Manager Group to collect monies on account of these Governmental Charges shall not constitute a waiver of the right to do so. 

7.5 Computation and Payment of Expenses and Governmental Charges 

From time to time the Manager shall, or shall cause the other Service Providers to, prepare statements (each an “Expense
Statement”) documenting the Governmental Charges to be reimbursed pursuant to this Article 7 and shall deliver such statements, together with reasonable backup documentation, to the relevant Service Recipient. All Governmental
Charges reimbursable pursuant to this Article 7 shall be reimbursed by the relevant Service Recipient no later than the date which is 30 days after receipt of a correct and complete Expense Statement. The provisions of this
Section 7.5 shall survive the termination of this Agreement. 
 ARTICLE 8. 

REPRESENTATIONS AND WARRANTIES 

OF THE MANAGER AND THE SERVICE RECIPIENTS 

8.1 Representations and Warranties of the Manager 

The Manager hereby represents and warrants to the Service Recipients that: 

8.1.1 it is validly organized and existing under the laws of the State of Delaware; 

8.1.2 it, or any Service Provider, as applicable, holds, and shall hold, such Permits as are necessary to perform its obligations hereunder
and is not aware of, or shall inform the Service Recipients promptly upon knowledge of, any reason why such Permits might be cancelled; 

  
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 8.1.3 it has the power, capacity and authority to enter into this Agreement and to perform its
obligations hereunder; 
 8.1.4 it has taken all necessary action to authorize the execution, delivery and performance of this Agreement;

 8.1.5 the execution and delivery of this Agreement by it and the performance by it of its obligations hereunder do not and will not
contravene, breach or result in any default under its Governing Instruments, or under any mortgage, lease, agreement or other legally binding instrument, Permit or applicable Law to which it is a party or by which it or any of its properties or
assets may be bound, except for any such contravention, breach or default which would not have a material adverse effect on the business, assets, financial condition or results of operations of the Manager, any Services to be provided hereunder, or
any Service Recipients; no authorization, consent or approval, or filing with or notice to any Person is required in connection with the execution, delivery or performance by it of this Agreement; and 

8.1.6 this Agreement constitutes its valid and legally binding obligation, enforceable against it in accordance with its terms, subject to
(i) applicable bankruptcy, insolvency, moratorium, fraudulent conveyance, reorganization and other laws of general application limiting the enforcement of creditors’ rights and remedies generally and (ii) general principles of equity,
including standards of materiality, good faith, fair dealing and reasonableness, equitable defenses and limits as to the availability of equitable remedies, whether such principles are considered in a proceeding at law or in equity. 

8.2 Representations and Warranties of the Service Recipients 

Global, Global LLC and Global Operating, each hereby represents and warrants, on its behalf and on behalf of each of the other Service
Recipients, to the Manager that: 
 8.2.1 it (and, if applicable, its managing member) is validly organized and existing under the Laws
governing its formation and organization; 
 8.2.2 it, or the relevant Service Recipient, holds such Permits necessary to own and operate
the projects and entities that it directly or indirectly owns or operates from time to time and is not aware of any reason why such Permits might be cancelled; 

8.2.3 it (or, as applicable, its managing member on its behalf) has the power, capacity and authority to enter into this Agreement and to
perform its duties and obligations hereunder; 
 8.2.4 it (or, as applicable, its managing member) has taken all necessary action to
authorize the execution, delivery and performance of this Agreement; 
 8.2.5 the execution and delivery of this Agreement by it (or, as
applicable, its managing member on its behalf) and the performance by it of its obligations hereunder do not 

  
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and will not contravene, breach or result in any default under its Governing Instruments (or, if applicable, the Governing Instruments of its managing member), or under any mortgage, lease,
agreement or other legally binding instrument, Permit or applicable Law to which it is a party or by which any of its properties or assets may be bound, except for any such contravention, breach or default which would not have a material adverse
effect on the business, assets, financial condition or results of operations of the Service Recipients as a whole; 
 8.2.6 no
authorization, consent or approval, or filing with or notice to any Person is required in connection with the execution, delivery or performance by it (or, as applicable, its managing member on its behalf) of this Agreement; and 

8.2.7 this Agreement constitutes its valid and legally binding obligation, enforceable against it in accordance with its terms, subject to:
(i) applicable bankruptcy, insolvency, moratorium, fraudulent conveyance, reorganization and other laws of general application limiting the enforcement of creditors’ rights and remedies generally; and (ii) general principles of
equity, including standards of materiality, good faith, fair dealing and reasonableness, equitable defenses and limits as to the availability of equitable remedies, whether such principles are considered in a proceeding at law or in equity. 

ARTICLE 9. 
 LIABILITY
AND INDEMNIFICATION 
 9.1 Indemnity 

9.1.1 Global, Global LLC and Global Operating hereby jointly and severally agree, to the fullest extent permitted by applicable Laws, to
indemnify and hold harmless, and to cause each other Service Recipient to indemnify and hold harmless, each member of the Manager Group, any of its Affiliates (other than any member of the Global Group) and any directors, officers, agents, members,
partners, stockholders and employees and other representatives of each of the foregoing (each, a “Manager Indemnified Party”) from and against any claims, liabilities, losses, damages, costs or expenses (including legal fees)
(“Liabilities”) incurred by them or threatened in connection with any and all actions, suits, investigations, proceedings or claims of any kind whatsoever, whether arising under statute or action of a Governmental Authority or
otherwise or in connection with the business, investments and activities of the Service Recipients or in respect of or arising from this Agreement or the Services provided hereunder (“Claims”), including any Claims arising on
account of the Governmental Charges contemplated by Section 7.4 that are capitalized on the Service Recipients’ financial statements hereof; provided that no Manager Indemnified Party shall be so indemnified with respect to
any Claim to the extent that such Claim results from a Manager Indemnified Party’s bad faith, fraud, willful misconduct or gross negligence or, in the case of a criminal matter, conduct undertaken with knowledge that the conduct was unlawful.

 9.1.2 If any action, suit, investigation, proceeding or claim is made or brought by any third party with respect to which a Service
Recipient is obligated to provide indemnification under this Agreement (a “Third Party Claim”), the Manager Indemnified Party will have the right to employ its own counsel in connection therewith, and the reasonable fees and
expenses of such counsel, as well as the reasonable costs (excluding an amount reimbursed 

  
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to such Manager Indemnified Party for the time spent in connection therewith) and out-of-pocket expenses incurred in connection therewith will be paid by the Service Recipient in such case, as
incurred but subject to recoupment by the Service Recipient to the extent it ultimately is not liable to pay indemnification hereunder. 

9.1.3 The Manager Indemnified Party and the Service Recipients agree that, promptly after the receipt of notice of the commencement of any
Third Party Claim, the Manager Indemnified Party will notify the Service Recipient and the Independent Committee in writing of the commencement of such Third Party Claim (provided that any accidental failure to provide any such notice will
only prejudice the right of any such Manager Indemnified Party hereunder to the extent it actually affects the Relevant Service Recipient’s defense against the relevant Third Party Claim) and, throughout the course of such Third Party Claim,
such Manager Indemnified Party will provide copies of all relevant documentation to such Service Recipient and the Independent Committee, and to keep the Service Recipient and the Independent Committee apprised of the progress thereof, and to
discuss with the Service Recipient all significant actions proposed, and to not settle any Third Party Claim without the approval of the Independent Committee. 

9.1.4 The parties hereto expressly acknowledge and agree that the right to indemnity provided in this Section 9.1 shall be in
addition to and not in derogation of any other liability which the Manager Indemnifying Party in any particular case may have or of any other right to indemnity or contribution which any Manager Indemnified Party may have by statute or otherwise at
law. 
 9.1.5 The indemnity provided in this Section 9.1 shall survive the completion of Services rendered under, or any
termination or purported termination of, this Agreement. 
 9.2 Limitation of Liability 

9.2.1 The Manager assumes no responsibility under this Agreement other than to render the Services in good faith and otherwise in accordance
with this Agreement, and will not be responsible for any action of a Service Recipient’s Governing Body in following or declining to follow any advice or recommendations of the relevant Service Provider. 

9.2.2 The Service Recipients hereby agree that no Manager Indemnified Party will be liable to a Service Recipient, a Service Recipient’s
Governing Body (including, for greater certainty, a director or officer of a Service Recipient or another individual with similar function or capacity) or any security holder or partner of a Service Recipient for any Liabilities that may occur as a
result of any acts or omissions by the Manager Indemnified Party pursuant to or in accordance with this Agreement, except to the extent that such Liabilities result from the Manager Indemnified Party’s bad faith, fraud, willful misconduct or
gross negligence, or in the case of a criminal matter, conduct undertaken with knowledge that the conduct was unlawful. 
 9.2.3 The maximum
amount of the aggregate liability of the Manager Indemnified Parties pursuant to this Agreement will be equal to (i) for the calendar year 2015, an amount equal to the Base Management for the calendar year 2016 and (ii) thereafter, the
Base Management Fees paid pursuant to this Agreement in the two most recent calendar years by the Service Recipients pursuant to Article 7. 

  
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 9.2.4 For the avoidance of doubt, the provisions of this Section 9.2 shall survive
the completion of the Services rendered under, or any termination or purported termination of, this Agreement. 
 9.3 Benefit to all
Manager Indemnified Parties 
 9.3.1 Global, Global LLC and Global Operating on behalf of themselves and the other Service Recipients,
hereby constitute the Manager as trustee for each of the Manager Indemnified Parties of the covenants of the Service Recipients under this Article 9 with respect to such Manager Indemnified Parties and the Manager hereby accepts such trust
and agrees to hold and enforce such covenants on behalf of the Manager Indemnified Parties. 
 9.3.2 The Manager hereby constitutes the
Service Recipients as trustees for each Service Recipient’s Governing Body (including, for greater certainty, a director or officer of a Service Recipient or another individual with similar function or capacity) or any security holder or
partner of a Service Recipient, of the covenants of the Manager under this Article 9 with respect to such parties and the Service Recipients hereby accept such trust and agree to hold and enforce such covenants on behalf of such parties. 

ARTICLE 10. 
 TERM AND
TERMINATION 
 10.1 Term 

This Agreement shall continue in full force and effect until terminated in accordance with Section 10.2, Section 10.3 or
Section 12.1 hereof. 
 10.2 Termination by the Service Recipients 

10.2.1 Global on behalf of the Service Recipients may, subject to Section 10.2.2, terminate this Agreement effective upon 90
days’ prior written notice of termination to the Manager without payment of any termination fee: 
 10.2.1.1 if the
Manager defaults in the performance or observance of any material term, condition or covenant contained in this Agreement in a manner that results in material harm to the Service Recipients and such default continues for a period of 30 days after
written notice thereof specifying such default and requesting that the same be remedied in such 30-day period; 
 10.2.1.2 if
the Manager engages in any act of fraud, misappropriation of funds or embezzlement against any Service Recipient that results in material harm to the Service Recipients; 

  
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 10.2.1.3 if the Manager is grossly negligent in the performance of its
obligations under this Agreement and such gross negligence results in material harm to the Service Recipients; 
 10.2.1.4 if
the Manager, Global, Global LLC or Global Operating makes a general assignment for the benefit of its creditors, institutes proceedings to be adjudicated voluntarily bankrupt, consents to the filing of a petition of bankruptcy against it, is
adjudicated by a court of competent jurisdiction as being bankrupt or insolvent, seeks reorganization under any bankruptcy law or consents to the filing of a petition seeking such reorganization or has a decree entered against it by a court of
competent jurisdiction appointing a receiver liquidator, trustee or assignee in bankruptcy or in insolvency; 
 10.2.1.5 upon
a Change in Control; or 
 10.2.1.6 upon such date that the Manager and its Affiliates no longer beneficially own capital
stock representing more than 50% of the voting power of all the capital stock issued by Global outstanding on such date. 
 10.2.2 This
Agreement may only be terminated pursuant to Section 10.2.1 above by Global with the prior approval of all the members of the Independent Committee. 

10.2.3 This Agreement may also be terminated by Global pursuant to Section 12.1.1 hereof with the prior approval of all of the
members of the Independent Committee. 
 10.2.4 Each of Global, Global LLC and Global Operating hereby agrees and confirms that this
Agreement may not be terminated due solely to the poor performance or under-performance of any of their Subsidiaries or the Business or any investment made by any member of the Global Group on the recommendation of any member of the Manager Group,
provided that no provision of this Agreement shall limit the right of the relevant Service Recipient to terminate any Operating and Administrative Agreements in accordance with the provisions thereof. 

10.3 Termination by the Manager 

10.3.1 The Manager may terminate this Agreement effective upon 90 days’ prior written notice of termination to the Service Recipients
without payment of any termination fee if: 
 10.3.1.1 any Service Recipient defaults in the performance or observance of any
material term, condition or covenant contained in this Agreement in a manner that results in material harm to the Manager and such default continues for a 

10.3.1.2 period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in
such 30-day period; or 
 10.3.1.3 any Service Recipient makes a general assignment for the benefit of its creditors,
institutes proceedings to be adjudicated voluntarily bankrupt, consents to the filing of a petition of bankruptcy against it, is adjudicated by a court of 

  
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competent jurisdiction as being bankrupt or insolvent, seeks reorganization under any bankruptcy law or consents to the filing of a petition seeking such reorganization or has a decree entered
against it by a court of competent jurisdiction appointing a receiver liquidator, trustee or assignee in bankruptcy or in insolvency. 

10.3.1.4 upon a Change in Control; or 

10.3.1.5 upon such date that the Manager and its Affiliates no longer beneficially own capital stock representing more than 50%
of the voting power of all the capital stock issued by Global outstanding on such date. 
 10.4 Survival Upon Termination 

If this Agreement is terminated pursuant to this Article 10 or Article 12, such termination will be without any further
liability or obligation of any party hereto, except as provided in Section 6.4, Article 9, Section 10.5 and Section 10.6 hereof. The provisions of Article 11 of this Agreement shall survive
termination of this agreement for the period set forth therein. 
 10.5 Action Upon Termination 

10.5.1 From and after the effective date of the termination of this Agreement, the Manager shall not be entitled to receive the Base
Management Fee for further Services under this Agreement, but will be paid all compensation accruing to and including the date of termination (including such day). 

10.5.2 Upon any termination of this Agreement, the Manager shall forthwith: 

10.5.2.1 after deducting any accrued compensation and reimbursements for any Expenses to which it is then entitled, pay over to
the Service Recipients all money collected and held for the account of the Service Recipients pursuant to this Agreement; 

10.5.2.2 deliver to the Service Recipients’ Governing Bodies a full accounting, including a statement showing all payments
collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Governing Bodies with respect to the Service Recipients; and 

10.5.2.3 deliver to the Service Recipients’ Governing Bodies all property and documents of the Service Recipients then in
the custody of the Manager Group. 
 10.6 Release of Money or other Property Upon Written Request 

Without limiting Section 3.3 hereof, the Manager hereby agrees that any money or other property of the Service Recipients or their
Subsidiaries held by the Manager Group under this Agreement shall be held by the relevant member of the Manager Group as custodian for such Person, and the relevant member of the Manager Group’s records shall be appropriately marked clearly to
reflect the ownership of such money or other property by such Person. Upon the 

  
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receipt by the relevant member of the Manager Group of a written request signed by a duly authorized representative of a Service Recipient requesting the relevant member of the Manager Group to
release to the Service Recipient any money or other property then held by the relevant member of the Manager Group for the account of such Service Recipient under this Agreement, the relevant member of the Manager Group shall release such money or
other property to the Service Recipient within a reasonable period of time, but in no event later than 5 Business Days following such request. The relevant member of the Manager Group shall not be liable to any Service Recipient, a Service
Recipient’s Governing Body or any other Person for any acts performed or omissions to act by a Service Recipient in connection with the money or other property released to the Service Recipient in accordance with the second sentence of this
Section 10.6. Each Service Recipient shall indemnify and hold harmless the relevant member of the Manager Group, any of its Affiliates (other than any member of the Global Group) and any directors, officers, agents, members, partners,
shareholders and employees and other representatives of each of the foregoing from and against any and all Liabilities which arise in connection with the relevant member of the Manager Group’s release of such money or other property to the
Service Recipient in accordance with the terms of this Section 10.6. Indemnification pursuant to this provision shall be in addition to any right of such Persons to indemnification under Section 10.1 hereof. For the avoidance
of doubt, the provisions of this Section 10.6 shall survive termination of this Agreement. The Service Recipients hereby constitute the Manager as trustee for each Person entitled to indemnification pursuant to this
Section 10.6 of the covenants of the Service Recipients under this Section 10.6 with respect to such Persons and the Manager hereby accepts such trust and agrees to hold and enforce such covenants on behalf of such Persons.

 ARTICLE 11. 

NON-COMPETE 
 11.1
Non-Compete 
 Each of Global, Global LLC and Global Operating agrees that it and its Affiliates will not, and will not agree to,
directly or indirectly: 
 11.1.1 engage in, provide financing for or arrange any power generation project development activity; 

11.1.2 acquire, purchase, obtain or invest in any equity or other ownership interest of any other person engaged in the business of developing
or constructing power generation projects (such business, the “Development or Construction Business”), except in connection with such acquisition, purchase or investment the Manager or a member of the Manager Group acquires,
purchases or invests in, as applicable, at fair market value, all or the relevant part of such Development or Construction Business; 

11.1.3 engage in any commercial activities, negotiations, planning, exploratory or strategic discussions or other similar activities that
relate to, or are otherwise designed to facilitate, finance, induce or otherwise assist any person (other than the Manager or its designee) in the development or construction of any power project; 

  
 23 








 11.1.4 prior to the Construction Completion Date, make any payment to any Person (other than the
Manager or its designee) to facilitate, finance, induce or otherwise assist the construction of a power generation project, except with the prior written consent of the Manager; or 

11.1.5 engage in the business of providing operating and maintenance services or asset management services for power generation projects or
assets. 
 11.1.6 Notwithstanding anything to the contrary in the foregoing Section 11.1, Global and its Subsidiaries and
Affiliates shall be able to negotiate, structure, sign definitive legal agreements, make milestone payments and finance the acquisition of development projects provided Global does not make any payments in connection with such project before the
Construction Completion Date. 
 11.2 Non-Solicitation 

Global agrees that it shall not, and shall cause its Affiliates not to, solicit or induce (or attempt to solicit or induce) any employees of
the Manager to terminate his or her employment with the Manager. 
 11.3 Survival 

For the avoidance of doubt, the provisions of this Article 11 shall remain in effect regardless of any termination of this Agreement
pursuant to Article 10 or Article 12 of this Agreement. 
 ARTICLE 12. 

GENERAL PROVISIONS 
 12.1
Amendment, Waiver 
 12.1.1 Global is entitled to amend the scope of the Services, including by reducing the number of Service
Recipients or the nature or description of the Services or otherwise, by providing 180 days’ prior written notice to the Manager; provided, however, that Global may not increase the scope of the Services without the Manager’s
prior written consent; and provided further, however, that prior to such modification, Global and the Manager shall agree in writing to any modification of the Base Management Fee resulting from such change in scope. Subject to
Section 10.2.3 hereof, in the event that Global and the Manager are unable to agree on a modified Base Management Fee, Global may terminate this Agreement after the end of such 180-day period by providing 30 days’ prior written
notice to the Manager. 
 12.1.2 Except as expressly provided in this Agreement, no amendment or waiver of this Agreement, except pursuant
to the first sentence of Section 12.1 above, will be binding unless the prior approval of a majority of the members of the Independent Committee is obtained and the amendment or waiver is executed in writing by the party to be bound
thereby. No waiver of any provision of this Agreement will constitute a waiver of any other provision nor will any waiver of any provision of this Agreement constitute a continuing waiver unless otherwise expressly provided. A party’s failure
or delay in exercising any right under this Agreement will not operate as a waiver of that right. A single or partial exercise of any right will not preclude a party from any other or further exercise of that right or the exercise of any other
right. 
  

  
 24 








 12.2 Assignment 

12.2.1 This Agreement shall not be assigned by the Manager without the prior written consent of Global, except (i) pursuant to
Section 2.3 hereof or (ii) in the case of assignment to a Person that is the Manager’s successor by merger, consolidation or purchase of assets, in which case the successor shall be bound under this Agreement and by the terms
of the assignment in the same manner as the Manager is bound under this Agreement. In addition, provided that the Manager provides prior written notice to the Service Recipients for informational purposes only, nothing contained in this
Agreement shall preclude any pledge, hypothecation or other transfer or assignment of the Manager’ rights under this Agreement, including any amounts payable to the Manager under this Agreement, to a bona fide lender as security. 

12.2.2 This Agreement shall not be assigned by any of the Service Recipients without the prior written consent of the Manager, except in the
case of assignment by any such Service Recipient to a Person that is its successor by merger, consolidation or purchase of assets, in which case the successor shall be bound under this Agreement and by the terms of the assignment in the same manner
as such Service Recipient is bound under this Agreement. 
 12.2.3 Any purported assignment of this Agreement in violation of this
Article 12 shall be null and void. 
 12.3 Failure to Pay When Due 

Any amount payable by any Service Recipient to any member of the Manager Group hereunder which is not remitted when so due will remain due
(whether on demand or otherwise) and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate. 

12.4 Invalidity of Provisions 

Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such
provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which renders any
provision of this Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect
of which comes as close as possible to that of the invalid or unenforceable provision which it replaces. 
 12.5 Entire Agreement

 This Agreement constitutes the entire agreement between the parties pertaining to the subject matter of this Agreement. There are no
warranties, conditions, or representations (including any that may be implied by statute) and there are no agreements in connection with 

  
 25 








 
such subject matter except as specifically set forth or referred to in this Agreement. No reliance is placed on any warranty, representation, opinion, advice or assertion of fact made either
prior to, contemporaneous with, or after entering into this Agreement, by any party to this Agreement or its directors, officers, employees or agents, to any other party to this Agreement or its directors, officers, employees or agents, except to
the extent that the same has been reduced to writing and included as a term of this Agreement, and none of the parties to this Agreement has been induced to enter into this Agreement by reason of any such warranty, representation, opinion, advice or
assertion of fact. Accordingly, there will be no liability, either in tort or in contract, assessed in relation to any such warranty, representation, opinion, advice or assertion of fact, except to the extent contemplated above. 

For the avoidance of doubt, nothing in this Agreement should be construed or interpreted as an amendment, modification or termination of, or
conflict with, any of the Operating and Administrative Agreements. Each such agreement, and all its terms, including payments to be made thereunder, shall survive the entry into this Agreement and shall terminate in accordance with its terms. 

12.6 Mutual Waiver of Jury Trial 

AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY TO
CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY. 

12.7 Consent to Jurisdiction and Service of Process 

EACH OF THE PARTIES IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA LOCATED IN THE
CITY AND COUNTY OF NEW YORK, BOROUGH OF MANHATTAN, FOR THE PURPOSES OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. EACH OF THE PARTIES HERETO FURTHER
AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY U.S. REGISTERED MAIL TO SUCH PARTY’S RESPECTIVE ADDRESS SET FORTH BELOW SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY 

ACTION, SUIT OR PROCEEDING WITH RESPECT TO ANY MATTERS TO WHICH IT HAS SUBMITTED TO JURISDICTION IN THIS PARAGRAPH. EACH OF THE PARTIES HERETO
IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION TO THE LAYING OF VENUE OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY IN THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK, AND HEREBY AND THEREBY FURTHER IRREVOCABLY AND UNCONDITIONALLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION, SUIT OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM. 

  
 26 








 12.8 Governing Law 

The internal law of the State of New York will govern and be used to construe this Agreement without giving effect to applicable principles of
conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby. 
 12.9 Enurement

 This Agreement will enure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns.

 12.10 Notices 
 Any
notice, demand or other communication to be given under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given (i) when delivered personally to the recipient, (ii) when sent by confirmed
electronic mail or facsimile if sent during normal business hours of the recipient; but if not, then on the next Business Day, (iii) one Business Day after it is sent to the recipient by reputable overnight courier service (charges prepaid) or
(iv) three Business Days after it is mailed to the recipient by first class mail, return receipt requested. Such notices, demands and other communications shall be sent to the addresses specified below, or at such address or to the attention of
such other Person as the recipient party has specified by prior written notice to the sending party. Any party may change such party’s address for receipt of notice by giving prior written notice of the change to the sending party as provided
herein. Notices and other communications will be addressed as follows: 
 If to the Service Recipients: 

TerraForm Global, Inc. 
 7550
Wisconsin Avenue, 9th Floor 
 Bethesda, Maryland 20814 

Attn: General Counsel 
 Facsimile:
(240) 762-7900 
 If to the Manager: SunEdison, Inc. 

13736 Riverport Drive 
 Maryland
Heights, Missouri 63043 
 Attn: General Counsel 

Facsimile: (866) 773-0791 

  
 27 








 12.11 Further Assurances 

Each of the parties hereto will promptly do, make, execute or deliver, or cause to be done, made, executed or delivered, all such further
acts, documents and things as the other party hereto may reasonably require from time to time for the purpose of giving effect to this Agreement and will use reasonable efforts and take all such steps as may be reasonably within its power to
implement to their full extent the provisions of this Agreement. 
 12.12 Counterparts 

This Agreement may be signed in counterparts and each of such counterparts will constitute an original document and such counterparts, taken
together, will constitute one and the same instrument. 
 [Signature pages follow] 

  
 28 








 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written. 
  

					
	TERRAFORM GLOBAL, INC.
		
	By:	 	 /s/ Yana Kravtsova

	Name:	 	Yana Kravtsova
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	TERRAFORM GLOBAL, LLC
		
	By:	 	 /s/ Yana Kravtsova

	Name:	 	Yana Kravtsova
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	TERRAFORM GLOBAL OPERATING, LLC
		
	By:	 	 TerraForm Global, LLC, as sole member

			
		 	 By:
	 	 /s/ Yana Kravtsova

		 	 Name:
	 	 Yana Kravtsova

		 	 Title:
	 	Senior Vice President, General Counsel and Secretary


 [Signature Page to Management Services Agreement] 

  
 29 








 
			
	SUNEDISON, INC., as Manager
		
	By:	 	 /s/ Brian Wuebbels

	Name:	 	Brian Wuebbels
	Title:	 	Chief Financial Officer


 [Signature Page to Management Services Agreement] 

  
 30 








 Schedule I 

Service Recipients 
  

			
	 Name of Entity
	  	Jurisdiction of
organization
and
Qualification
	 Azure Power (Gujarat) Private Limited
	  	India
	 Bahia Eólica Participações S.A.
	  	Brazil
	 Centrais Eólicas Alvorada S.A
	  	Brazil
	 Centrais Eólicas Candiba S.A.
	  	Brazil
	 Centrais Eólicas Guanambi S.A.
	  	Brazil
	 Centrais Eólicas Guirapá S.A.
	  	Brazil
	 Centrais Eólicas Igaporã S.A.
	  	Brazil
	 Centrais Eólicas Ilhéus S.A.
	  	Brazil
	 Centrais Eólicas Licĺnio de Almeida S.A
	  	Brazil
	 Centrais Eólicas Nossa Senhora da Conceição S.A.
	  	Brazil
	 Centrais Eólicas Pajeú do Vento S.A.
	  	Brazil
	 Centrais Eólicas Pindaī S.A.
	  	Brazil
	 Centrais Eólicas Planaltina, S.A
	  	Brazil
	 Centrais Eólicas Porto Seguro S.A.
	  	Brazil
	 Centrais Eólicas Rio Verde S.A.
	  	Brazil
	 Centrais Eólicas Serra do Salto S.A.
	  	Brazil
	 Core Energy (RF) (Pty) Ltd.
	  	South Africa
	 Corporate Season Sdn Bhd
	  	Malaysia
	 EM Arjun Power Holdings 1 B.V.
	  	Netherlands
	 EM Arjun Power Holdings 2 B.V.
	  	Netherlands
	 EM Biotherm Holdings B.V.
	  	Netherlands
	 EM EOLO Holdings 1 B.V.
	  	Netherlands
	 EM EOLO Holdings 2 B.V.
	  	Netherlands
	 EM Firefly Holdings B.V.
	  	Netherlands
	 EM Holdings 1, LLC
	  	Delaware
	 EM Holdings 10, LLC
	  	Delaware
	 EM Holdings 11, LLC
	  	Delaware
	 EM Holdings 12, LLC
	  	Delaware
	 EM Holdings 13, LLC
	  	Delaware
	 EM Holdings 14, LLC
	  	Delaware
	 EM Holdings 15, LLC
	  	Delaware
	 EM Holdings 16, LLC
	  	Delaware
	 EM Holdings 17, LLC
	  	Delaware
	 EM Holdings 18, LLC
	  	Delaware
	 EM Holdings 19, LLC
	  	Delaware
	 EM Holdings 2, LLC
	  	Delaware
	 EM Holdings 20, LLC
	  	Delaware
	 EM Holdings 21, LLC
	  	Delaware
	 EM Holdings 22, LLC
	  	Delaware
	 EM Holdings 23, LLC
	  	Delaware
	 EM Holdings 24, LLC
	  	Delaware
	 EM Holdings 25, LLC
	  	Delaware
	 EM Holdings 26, LLC
	  	Delaware
	 EM Holdings 27, LLC
	  	Delaware
	 EM Holdings 28, LLC
	  	Delaware
	 EM Holdings 29, LLC
	  	Delaware
	 EM Holdings 3, LLC
	  	Delaware
	 EM Holdings 30, LLC
	  	Delaware
	 EM Holdings 4, LLC
	  	Delaware
	 EM Holdings 5, LLC
	  	Delaware
	 EM Holdings 6, LLC
	  	Delaware
	 EM Holdings 7, LLC
	  	Delaware
	 EM Holdings 8, LLC
	  	Delaware
	 EM Holdings 9, LLC
	  	Delaware
	 EM L’Volta Holdings 1 B.V.
	  	Netherlands
	 EM L’Volta Holdings 2 B.V.
	  	Netherlands
	 EM P.P. Solar Holdings B.V.
	  	Netherlands
	 EM Renewable Energy Holdings B.V.
	  	Netherlands
	 EM Sitara Holdings 1 B.V.
	  	Netherlands
	 EM Sitara Holdings 2 B.V.
	  	Netherlands
	 EM Solar Energy Holdings 1 B.V.
	  	Netherlands
	 EM Solar Energy Holdings 2 B.V.
	  	Netherlands
	 EM Solar Power Holdings 1 B.V.
	  	Netherlands
	 EM Solar Power Holdings 2 B.V.
	  	Netherlands
	 EM Suryalabh Holdings 1 B.V.
	  	Netherlands
	 EM Suryalabh Holdings 2 B.V.
	  	Netherlands
	 En Renewable Energy Ltd.
	  	India
	 En Wind Power Pvt. Ltd.
	  	India
	 Enerbras Centrais Elétricas S.A
	  	Brazil
	 Energética Serra da Prata S.A.
	  	Brazil
	 Energia Eolica de Honduras S.A.
	  	Honduras
	 Eolo de Nicaragua, S.A.
	  	Nicaragua
	 Erika Energy (RF) (Pty) Ltd.
	  	South Africa
	 ESP Urja Private Limited
	  	India
	 Fersa India Pvt. Ltd
	  	India
	 Firefly Investments 230 (Pty) Ltd.
	  	South Africa
	 Firefly Investments 245 (Pty) Ltd.
	  	South Africa
	 Focal Photovaltaic India Private Limited
	  	India
	 Focal Renewable Energy Two India Private Limited
	  	India
	 Fortune 11 Sdn Bhd
	  	Malaysia
	 Generacion Eolica India
	  	India
	 Globeleq Mesoamerica Energy (Wind) Ltd
	  	Bermuda
	 Honiton Energy (Baotou) Co. Ltd
	  	China
	 Honiton Energy (Xilinguole) Co. Ltd
	  	China
	 Honiton Energy BAV Holdings Ltd
	  	Hong Kong
	 Honiton Energy XIL Holdings Ltd
	  	Hong Kong
	 Inversiones Eolicas de Costa Rica, S.A
	  	Costa Rica
	 Inversiones Eolicas de Orosi Dos, S.A.
	  	Costa Rica
	 Millenium Synergy (Gujarat) Private Limited
	  	India
	 P.P. Solar Co. Ltd.
	  	Thailand
	 Plantas Eolicas SRL
	  	Costa Rica
	 Salvador Eólica Participações S.A
	  	Brazil
	 SE CHNS 1 Limited
	  	Hong Kong
	 SE CHNS 2 Limited
	  	Hong Kong
	 SE Emerging Markets Holding B.V.
	  	Netherlands
	 SE Emerging Markets Solar Holdings Pte Ltd
	  	Singapore
	 SEI Arjun Power Private Limited
	  	India
	 SEI L’Volta Private Limited
	  	India
	 SEI Sitara Private Limited
	  	India
	 SEI Solar Energy Private Limited
	  	India
	 SEI Solar Power Private Limited
	  	India
	 SEI Suryalabh Private Limited
	  	India
	 Silverstar Pavilion Sdn Bhd
	  	Malaysia
	 SunEdison (Dunhuang) Solar Plant Co. Limited
	  	China
	 SunEdison Firefly Holdings (Pty) Ltd.
	  	South Africa
	 SunEdison Holdings 4 B.V.
	  	Netherlands
	 SunEdison Renewable Energy Holding (Pty) Ltd.
	  	South Africa
	 SunEdison Renewable Energy Southern Africa (Pty) Ltd
	  	South Africa
	 SunEdison Solar Holdings 1 Pte Ltd
	  	Singapore
	 SunEdison Solar Holdings 2 Pte Ltd
	  	Singapore
	 SunEdison Solar Holdings 3 Pte Ltd
	  	Singapore
	 SunEdison TK Investment Holdings 2 Pte Ltd
	  	Singapore
	 TerraForm Global Bora Bora 1 B.V.
	  	Netherlands
	 TerraForm Global Bora Bora 2 B.V.
	  	Netherlands
	 TerraForm Global Brazil Holding B.V.
	  	Netherlands
	 TerraForm Global China Holdings BV
	  	Netherlands
	 TerraForm Global Focal 1 B.V.
	  	Netherlands
	 TerraForm Global Focal 2 B.V.
	  	Netherlands
	 TerraForm Global Holdings Spain 2 SL
	  	Spain
	 TerraForm Global India 1 B.V.
	  	Netherlands
	 TerraForm Global International Holdings BV
	  	Netherlands
	 TerraForm Global Operating, LLC
	  	Delaware
	 TerraForm Global Palmares Holding BV
	  	Netherlands
	 TerraForm Global, LLC
	  	Delaware


  
 I-1