Document:

EX-10.6

 Exhibit 10.6 
  

 
  

AMENDED AND RESTATED CREDIT AGREEMENT 

dated as of March 27, 2019 

among 
 SUNNOVA EZ-OWN PORTFOLIO, LLC, 
 as Borrower 

SUNNOVA SLA MANAGEMENT, LLC, 

as Manager 
 SUNNOVA
SLA MANAGEMENT, LLC, 
 as Servicer 

SUNNOVA ASSET PORTFOLIO 7 HOLDINGS, LLC, 

as Seller 
 CREDIT
SUISSE AG, NEW YORK BRANCH, 
 as Agent for the financial institutions 

that may from time to time become parties hereto as Lenders 

LENDERS 
 from time
to time party hereto 
 FUNDING AGENTS 

from time to time party hereto 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Paying Agent 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Custodian 
  

 
  

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 TABLE OF CONTENTS 

 

							
	SECTION	  	HEADING	  	PAGE	 
			
	 ARTICLE I
	  	CERTAIN DEFINITIONS	  	 	2	 
			
	 Section 1.1.
	  	Certain Definitions	  	 	2	 
	 Section 1.2.
	  	Computation of Time Periods	  	 	2	 
	 Section 1.3.
	  	Construction	  	 	2	 
	 Section 1.4.
	  	Accounting Terms	  	 	2	 
			
	 ARTICLE II
	  	AMOUNTS AND TERMS OF THE ADVANCES	  	 	3	 
			
	 Section 2.1.
	  	Establishment of the Credit Facility	  	 	3	 
	 Section 2.2.
	  	The Advances	  	 	3	 
	 Section 2.3.
	  	Use of Proceeds	  	 	3	 
	 Section 2.4.
	  	Making the Advances	  	 	3	 
	 Section 2.5.
	  	Fees	  	 	6	 
	 Section 2.6.
	  	Reduction/Increase of the Commitments	  	 	7	 
	 Section 2.7.
	  	Repayment of the Advances	  	 	8	 
	 Section 2.8.
	  	Certain Prepayments	  	 	12	 
	 Section 2.9.
	  	Mandatory Prepayments of Advances	  	 	13	 
	 Section 2.10.
	  	Interest	  	 	13	 
	 Section 2.11.
	  	Breakage Costs; Liquidation Fees; Increased Costs; Capital Adequacy; Illegality; Additional Indemnifications	  	 	13	 
	 Section 2.12.
	  	Payments and Computations	  	 	15	 
	 Section 2.13.
	  	Payment on Non-Business Days	  	 	15	 
	 Section 2.14.
	  	Extension of the Scheduled Commitment Termination Date	  	 	16	 
	 Section 2.15.
	  	Taxes	  	 	16	 
	 Section 2.16.
	  	Request for Borrowing Exceeding Aggregate Commitment	  	 	20	 
	 Section 2.17.
	  	Defaulting Lenders	  	 	21	 
			
	 ARTICLE III
	  	CONDITIONS OF LENDING AND CLOSING	  	 	22	 
			
	 Section 3.1.
	  	Conditions Precedent to Closing	  	 	22	 
	 Section 3.2.
	  	Conditions Precedent to All Advances	  	 	23	 
			
	 ARTICLE IV
	  	REPRESENTATIONS AND WARRANTIES	  	 	24	 
			
	 Section 4.1.
	  	Representations and Warranties of the Borrower	  	 	24	 
			
	 ARTICLE V
	  	COVENANTS	  	 	29	 
			
	 Section 5.1.
	  	Affirmative Covenants	  	 	29	 
	 Section 5.2.
	  	Negative Covenants	  	 	38	 

  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -i- 

							
			
	 ARTICLE VI
	  	EVENTS OF DEFAULT	  	 	42	 
			
	 Section 6.1.
	  	Events of Default	  	 	42	 
	 Section 6.2.
	  	Remedies	  	 	44	 
			
	 ARTICLE VII
	  	THE AGENT AND FUNDING AGENTS	  	 	45	 
			
	 Section 7.1.
	  	Appointment; Nature of Relationship	  	 	45	 
	 Section 7.2.
	  	Powers	  	 	45	 
	 Section 7.3.
	  	General Immunity	  	 	46	 
	 Section 7.4.
	  	No Responsibility for Advances, Creditworthiness, Collateral, Recitals, Etc	  	 	46	 
	 Section 7.5.
	  	Action on Instructions of Lenders	  	 	46	 
	 Section 7.6.
	  	Employment of Agents and Counsel	  	 	46	 
	 Section 7.7.
	  	Reliance on Documents; Counsel	  	 	47	 
	 Section 7.8.
	  	The Agent’s Reimbursement and Indemnification	  	 	47	 
	 Section 7.9.
	  	Rights as a Lender	  	 	47	 
	 Section 7.10.
	  	Lender Credit Decision	  	 	47	 
	 Section 7.11.
	  	Successor Agent	  	 	47	 
	 Section 7.12.
	  	Transaction Documents; Further Assurances	  	 	48	 
	 Section 7.13.
	  	Collateral Review	  	 	48	 
	 Section 7.14.
	  	Funding Agent Appointment; Nature of Relationship	  	 	49	 
	 Section 7.15.
	  	Funding Agent Powers	  	 	49	 
	 Section 7.16.
	  	Funding Agent General Immunity	  	 	49	 
	 Section 7.17.
	  	Funding Agent Responsibility for Advances, Creditworthiness, Collateral, Recitals, Etc.	  	 	49	 
	 Section 7.18.
	  	Funding Agent Action on Instructions of Lenders	  	 	50	 
	 Section 7.19.
	  	Funding Agent Employment of Agents and Counsel	  	 	50	 
	 Section 7.20.
	  	Funding Agent Reliance on Documents; Counsel	  	 	50	 
	 Section 7.21.
	  	Funding Agent’s Reimbursement and Indemnification	  	 	50	 
	 Section 7.22.
	  	Funding Agent Rights as a Lender	  	 	51	 
	 Section 7.23.
	  	Funding Agent Lender Credit Decision	  	 	51	 
	 Section 7.24.
	  	Funding Agent Successor Funding Agent	  	 	51	 
	 Section 7.25.
	  	Funding Agent Transaction Documents; Further Assurances	  	 	52	 
			
	 ARTICLE VIII
	  	ADMINISTRATION AND SERVICING OF SOLAR LOANS	  	 	52	 
			
	 Section 8.1.
	  	Management Agreement and Servicing Agreement	  	 	52	 
	 Section 8.2.
	  	Accounts	  	 	53	 
	 Section 8.3.
	  	Adjustments	  	 	63	 
			
	 ARTICLE IX
	  	THE PAYING AGENT	  	 	63	 
			
	 Section 9.1.
	  	Appointment	  	 	63	 
	 Section 9.2.
	  	Representations and Warranties	  	 	63	 
	 Section 9.3.
	  	Limitation of Liability of the Paying Agent	  	 	64	 
	 Section 9.4.
	  	Certain Matters Affecting the Paying Agent	  	 	64	 
	 Section 9.5.
	  	Indemnification	  	 	70	 
	 Section 9.6.
	  	Successor Paying Agent	  	 	70	 

  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -ii- 

							
	 ARTICLE X
	  	MISCELLANEOUS	  	 	71	 
			
	 Section 10.1.
	  	Survival	  	 	71	 
	 Section 10.2.
	  	Amendments, Etc.	  	 	71	 
	 Section 10.3.
	  	Notices, Etc	  	 	72	 
	 Section 10.4.
	  	No Waiver; Remedies	  	 	72	 
	 Section 10.5.
	  	Indemnification	  	 	72	 
	 Section 10.6.
	  	Costs, Expenses and Taxes	  	 	73	 
	 Section 10.7.
	  	Right of Set-off; Ratable Payments; Relations Among Lenders	  	 	74	 
	 Section 10.8.
	  	Binding Effect; Assignment	  	 	75	 
	 Section 10.9.
	  	GOVERNING LAW	  	 	77	 
	 Section 10.10.
	  	Jurisdiction	  	 	77	 
	 Section 10.11.
	  	Waiver of Jury Trial	  	 	78	 
	 Section 10.12.
	  	Section Headings	  	 	78	 
	 Section 10.13.
	  	Tax Characterization	  	 	78	 
	 Section 10.14.
	  	Execution	  	 	78	 
	 Section 10.15.
	  	Limitations on Liability	  	 	78	 
	 Section 10.16.
	  	Confidentiality	  	 	78	 
	 Section 10.17.
	  	Limited Recourse	  	 	79	 
	 Section 10.18.
	  	Customer Identification - USA Patriot Act Notice	  	 	80	 
	 Section 10.19.
	  	Paying Agent Compliance with Applicable Anti-Terrorism and Anti-Money Laundering Regulations	  	 	80	 
	 Section 10.20.
	  	Non-Petition	  	 	80	 
	 Section 10.21.
	  	No Recourse	  	 	80	 
	 Section 10.22.
	  	Retention of Equity Interest	  	 	81	 
	 Section 10.23.
	  	Additional Back-Up Servicer, Paying Agent and Transition Manager Provisions	  	 	81	 
	 Section 10.24.
	  	Third Party Beneficiaries	  	 	81	 
	 Section 10.25.
	  	Amendment and Restatement of Original Obligations	  	 	81	 

  

					
	 EXHIBIT A
	  	—	  	Defined Terms
	 EXHIBIT B-1
	  	—	  	 Form of Borrowing Base Certificate

	 EXHIBIT B-2
	  	—	  	 Form of Notice of Borrowing

	 EXHIBIT C
	  	—	  	 Form of Loan Note

	 EXHIBIT D
	  	—	  	 Commitments

	 EXHIBIT E
	  	—	  	 Form of Notice of Delayed Funding

	 EXHIBIT F
	  	—	  	 Form of Delayed Funding Notice

	 EXHIBIT G
	  	—	  	 Form of Joinder Agreement

	 EXHIBIT H
	  	—	  	 Approved Forms

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -iii- 

					
	 SCHEDULE I
	  	—	  	Eligibility Criteria
	 SCHEDULE II
	  	—	  	Lockbox Bank, Lockbox Account, the Collection Account, the Equipment Replacement Reserve Account, the Liquidity Reserve Account, Borrower’s Account, Takeout Transaction Account and Loan Proceeds Account
	 SCHEDULE III
	  	—	  	 Material Contracts and Other Commitments of the Borrower

  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -iv- 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 THIS AMENDED AND RESTATED CREDIT
AGREEMENT (this “Agreement”) is entered into as of March 27, 2019, by and among SUNNOVA EZ-OWN PORTFOLIO, LLC, a Delaware
limited liability company (the “Borrower”), SUNNOVA SLA MANAGEMENT, LLC, a Delaware limited liability company, as manager (in such capacity, the “Manager”), SUNNOVA SLA
MANAGEMENT, LLC, a Delaware limited liability company, as servicer (in such capacity, the “Servicer”), SUNNOVA ASSET PORTFOLIO 7 HOLDINGS, LLC, a Delaware
limited liability company (the “Seller”), the financial institutions from time to time parties hereto (each such financial institution (including any Conduit Lender), a “Lender” and collectively, the
“Lenders”), each Funding Agent representing a group of Lenders, CREDIT SUISSE AG, NEW YORK BRANCH (“CSNY”) as agent (in such capacity,
the “Agent”) for the Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity, but solely as paying agent (in such capacity, the
“Paying Agent”), and U.S. BANK NATIONAL ASSOCIATION, as Custodian (as defined below). 

RECITALS 

WHEREAS, the Borrower, Manager, Servicer, Seller, Lenders, Agent, Paying Agent and Custodian entered into that certain Credit
Agreement dated as of April 19, 2017 (as amended, modified, extended and/or restated from time to time prior to the date hereof, the “Original Credit Agreement”); 

WHEREAS, the Borrower has requested that the Lenders provide financing for the Borrower’s acquisition of the Eligible
Solar Loans (as defined herein) and the related Solar Assets (as defined herein); 
 WHEREAS, in accordance with
Section 10.2 of the Original Credit Agreement, the Borrower has requested an extension of the existing Commitments and Scheduled Commitment Termination Date and to make certain other amendments, and for the sake of clarity and convenience,
amend and restate the Original Credit Agreement in the form of this Agreement in its entirety, and from and after the date hereof, all references made to the Original Credit Agreement in any Transaction Document or in any other instrument or
document shall, without more, be deemed to refer to this Agreement; and 
 WHEREAS, in order to give effect to and in
addition to the foregoing, the Borrower has requested, among other things, that the Manager, Servicer, Seller, Lenders, Agent, Paying Agent and Custodian agree to amend, restate and replace the terms of the Original Credit Agreement in its entirety,
and the Lenders are willing to provide financing for the acquisition of the Eligible Solar Loans and the related Solar Assets, upon the terms and subject to the conditions set forth herein. 

NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein, the parties hereto
agree as follows: 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 ARTICLE I 

CERTAIN DEFINITIONS 

Section 1.1. Certain Definitions. Capitalized terms used but not otherwise defined herein have the meanings
given to them in Exhibit A attached hereto. 
 Section 1.2. Computation of Time Periods. In this
Agreement, in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including,” the words “to” and “until” each means “to but excluding”
and the word “through” means “through and including.” Any reference to completing an action on a non-Business Day (including any payments) shall be automatically extended to the next
Business Day. 
 Section 1.3. Construction. The definitions of terms herein shall apply equally to the
singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall
be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (A) any definition of
or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth therein), (B) any reference herein to any Person shall be construed to include such Person’s successors and permitted assigns, (C) the words “herein,”
“hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (D) all references herein to Sections, Schedules and Exhibits
shall be construed to refer to Sections of, and Schedules and Exhibits to, this Agreement, (E) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all real
property, tangible and intangible assets and properties, including cash, securities, accounts and contract rights, and interests in any of the foregoing, (F) any reference to a statute, rule or regulation is to that statute, rule or regulation
as now enacted or as the same may from time to time be amended, re-enacted or expressly replaced and (G) “or” is not exclusive. 

Section 1.4. Accounting Terms. All accounting terms not specifically or completely defined herein shall be
construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with GAAP applied on a consistent basis, as in
effect from time to time, applied in a manner consistent with that used in preparing the audited financial statements, except as otherwise specifically prescribed herein. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -2- 

 ARTICLE II 

AMOUNTS AND TERMS OF THE ADVANCES 

Section 2.1. Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and
conditions set forth in this Agreement and the other Transaction Documents, the Agent and the Lenders agreed to establish the credit facility set forth in this Agreement for the benefit of the Borrower. 

Section 2.2. The Advances. During the Availability Period, each Conduit Lender may, in its sole discretion,
and each Committed Lender shall, if the Conduit Lender in its related Lender Group elects, in its sole discretion, not to make such loan or if there is no Conduit Lender in its related Lender Group, make a loan (each such loan, an
“Advance”) to the Borrower in an amount, for each Lender Group, equal to its Lender Group Percentage of the aggregate Advances requested by the Borrower pursuant to Section 2.4; provided that the Advances made by any
Lender Group shall not exceed its Lender Group Percentage of the lesser of (i) Maximum Facility Amount at such time and (ii) the Borrowing Base at such time. 

Section 2.3. Use of Proceeds. After its acquisition of a Solar Loan and the related Solar Assets, the Seller
shall transfer each acquired Solar Loan and the related Solar Assets to the Borrower pursuant to the Sale and Contribution Agreement. Proceeds of the Advances shall only be used by the Borrower to (A) purchase Solar Loans and the related Solar
Assets from the Seller under the Sale and Contribution Agreement, (B) make deposits into the Liquidity Reserve Account (up to the Liquidity Reserve Account Required Balance), (C) make deposits into the Equipment Replacement Reserve Account (up
to the Equipment Replacement Reserve Required Balance) and (D) pay certain fees and expenses incurred in connection with establishment of the credit facility set forth in this Agreement. 

Section 2.4. Making the Advances. (A) Except as otherwise provided herein, the Borrower may request the
Lenders to make Advances to the Borrower by the delivery to the Agent, each Funding Agent and, so long as it remains a Lender hereunder, the CS Conduit Lender, not later than 1:00 P.M. (New York City time) two (2) Business Days prior
to the proposed Borrowing Date of a written notice of such request substantially in the form of Exhibit B-2 attached hereto (each such notice, a “Notice of Borrowing”) together with a
duly completed Borrowing Base Certificate signed by a Responsible Officer of the Borrower. Any Notice of Borrowing or Borrowing Base Certificate received by the Agent and the Funding Agents after the time specified in the immediately preceding
sentence shall be deemed to have been received by the Agent and the Funding Agents on the next Business Day, and to the extent that results in the proposed Borrowing Date being earlier than two (2) Business Days after the date of delivery of
such Notice of Borrowing, then the date specified in such Notice of Borrowing as the proposed Borrowing Date of an Advance shall be deemed to be the Business Day immediately succeeding the proposed Borrowing Date of such Advance specified in such
Notice of Borrowing. The proposed Borrowing Date specified in a Notice of Borrowing shall be no earlier than two Business Days after the date of delivery of such Notice of Borrowing and may be up to a maximum of thirty (30) days after the date
of delivery of such Notice of Borrowing. Unless otherwise provided herein, each Notice of Borrowing shall be irrevocable 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -3- 

 
and shall specify (i) the aggregate principal amount of the Advance requested and (ii) the Borrowing Date (which shall be a Business Day). If the Agent contests the Borrower’s
calculations or any statement within a Notice of Borrowing, it shall promptly inform the Borrower in writing (including by electronic mail) and no Lender shall be obligated to make an Advance in accordance with such Notice of Borrowing. The Borrower
may then deliver an amended Notice of Borrowing to the Agent, each Funding Agent and, so long as it remains a Lender hereunder, the CS Conduit Lender or, by written notice, rescind the Notice of Borrowing; provided that if the Borrower elects
to deliver an amended Notice of Borrowing, such amended Notice of Borrowing shall reflect a proposed Borrowing Date no earlier than two (2) Business Days after the date of delivery of such amended Notice of Borrowing. 

(B) The aggregate principal amount of each Advance by the Borrower shall not be less than $1,000,000. 

(C) The Notice of Borrowing shall specify the aggregate amount of Advances requested together with the allocated amount of Advances to be paid
by each Lender Group based on its respective Lender Group Percentage; provided, that if any portion of any such Advance is to be made pursuant to Section 2.16, the Notice of Borrowing shall only specify the amount to be paid by the
CS Lender Group with respect to such portion. Each Conduit Lender may, in its sole discretion, and the Committed Lender or the Committed Lenders shall, if the Conduit Lender in its or their related Lender Group elects, in its sole discretion,
not to do so or if there is no Conduit Lender in its related Lender Group, initiate the wire for the applicable Advances in an amount, for each Lender Group, equal to its Lender Group Percentage of the amounts requested by the Borrower pursuant to
the applicable Notice of Borrowing to the Borrower’s Loan Proceeds Account by no later than 2:00 P.M. (New York City time) on the Borrowing Date specified or deemed specified in such Notice of Borrowing. In connection with the funding
of each Advance, the Borrower (or the Agent, on the Borrower’s behalf, out of the proceeds of the initial Advance) shall cause to be deposited into the Liquidity Reserve Account an amount such that the amount on deposit therein is equal to the
Liquidity Reserve Account Required Balance. 
 (D) Notwithstanding the foregoing, if any Committed Lender who shall have previously notified
the Borrower in writing, in substantially the form of Exhibit E hereto, that it has incurred any external cost, fee or expense directly related to and as a result of the “liquidity coverage ratio” under Basel III in respect of
its Commitment hereunder or any liquidity agreement between such Committed Lender and the Conduit Lender, or its interest in the Advances, such Committed Lender may, upon receipt of a Notice of Borrowing pursuant to Section 2.4(A), notify the
Borrower in writing by 5:00 P.M. (New York City time) two (2) Business Days prior to the Borrowing Date specified in such Notice of Borrowing, in substantially the form of Exhibit F hereto (a “Delayed Funding
Notice”), of its intent to fund (or, if applicable and if such Conduit Lender so agrees in its sole discretion, have its Conduit Lender, if applicable, fund all or part of) its allocated amount of the related Advance in an amount that
would, if combined with all other requested Advances within the past thirty-five (35) days, exceed $20,000,000 (such amount, the “Delayed Amount”) on a Business Day that is on or before
the thirty-fifth (35th) day following the date of delivery of such Committed Lender of such Delayed Funding Notice (the “Delayed Funding Date”) rather than on the date specified in such Notice
of Borrowing. If any Committed Lender provides a Delayed Funding Notice to the Borrower following the delivery 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -4- 

 
by the Borrower of a Notice of Borrowing, the Borrower may revoke such Notice of Borrowing by delivering written notice of the same to the Agent and the Funding Agents by 12:00 P.M.
(New York city time) on the Business Day preceding the related Borrowing Date. No Committed Lender that has provided a Delayed Funding Notice in respect of an Advance (a “Delayed Funding Lender”) shall be considered to be in
default of its obligation to fund its Delayed Amount pursuant to Section 2.4(C) hereunder unless and until it has failed to fund the Delayed Amount on or before the Delayed Funding Date. A Delayed Funding Lender is not obliged to fund until
thirty-five (35) days have elapsed since the funding request. For the avoidance of doubt, a Delayed Funding Lender shall be required to fund its Delayed Amount regardless of the occurrence of an Amortization Event, Event of Default, Potential
Amortization Event or Potential Default which occurs during the period from and including the related Borrowing Date to and including the related Delayed Funding Date, unless such Amortization Event, Event of Default, Potential Amortization Event or
Potential Default relates to an Insolvency Event with respect to the Borrower. 
 (E) If (i) one or more Delayed Funding Lenders
provide a Delayed Funding Notice to the Borrower in respect of a Notice of Borrowing and (ii) the Borrower shall not have revoked the Notice of Borrowing prior to the Business Day preceding such Borrowing Date, the Agent shall, by no later than
12:00 P.M. (New York City time) on the Business Day preceding such Borrowing Date, direct each Lender Group and each Committed Lender that is not a Delayed Funding Lender with respect to such Borrowing Date (each a “Non-Delayed Funding Lender”) to fund an additional portion of such Advance on such Borrowing Date equal to such Non-Delayed Funding Lender’s proportionate share
(based upon such Non-Delayed Funding Lender’s Commitment relative to the sum of the Commitments of all Non-Delayed Funding Lenders) of the aggregate Delayed Amounts
with respect to such Borrowing Date; provided, that in no event shall a Non-Delayed Funding Lender be required to fund any amounts in excess of its Commitment. Subject to Section 2.4(C), in the
case of a Non-Delayed Funding Lender that is a Committed Lender, such Committed Lender hereby agrees, or, in the case of a Non-Delayed Funding Lender that is a Lender
Group, the Conduit Lender in such Lender Group may agree, in its sole discretion, and the Committed Lenders in such Lender Group hereby agree, to fund such portion of the Advance on such Borrowing Date. 

(F) After the Non-Delayed Funding Lenders fund a Delayed Amount on any Borrowing Date in accordance
with Section 2.4(E), the Delayed Funding Lender in respect of such Delayed Amount will be obligated to fund an amount equal to the excess, if any, of (a) such Delayed Amount over (b) the amount, if any, by which the portion of any
principal distribution amount paid to such Non-Delayed Funding Lenders pursuant to Section 2.7 or any decrease to the outstanding principal balance made in accordance with Section 2.8, on any date
during the period from and including such Borrowing Date to but excluding the Delayed Funding Date for such Delayed Amount, was greater than what it would have been had such Delayed Amount been funded by such Delayed Funding Lender on such Borrowing
Date (the “Delayed Funding Reimbursement Amount”) with respect to such Delayed Amount on or before its Delayed Funding Date, irrespective of whether the Borrower would be able to satisfy the conditions set forth in
Section 3.2(A) to an Advance, in an amount equal to such Delayed Funding Reimbursement Amount on such Delayed Funding Date. Such Delayed Funding Lender shall fund such Delayed Funding Reimbursement Amount on such Delayed Funding Date by paying

  
 [***] = Certain confidential information contained in this document, marked by
brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -5- 

 
such amount to the Agent in immediately available funds, and the Agent shall distribute such funds to each such Non-Delayed Funding Lender, pro rata based
on the relative amount of such Delayed Amount funded by such Non-Delayed Funding Lender on such Borrowing Date pursuant to Section 2.4(E). 

(G) With respect to the Advance to be made on the Restatement Date, if any, each Lender shall make the amount of its Advance available to the
Paying Agent by wire transfer of such funds to the account specified in the Restatement Date Flow of Funds Memorandum no later than 2:00 P.M. (New York City time) on the Restatement Date. The Paying Agent shall receive and hold such Advance in
escrow for the benefit of the Agent and the Lenders. Upon a determination by the Agent that all conditions precedent to such Advance to be made on the Restatement Date set forth in Article III have been satisfied or otherwise waived, the Agent shall
notify the Paying Agent in writing (which may be via email) that the Paying Agent may distribute such Advance to be made on the Restatement Date in accordance with the instructions set forth in the Restatement Date Flow of Funds Memorandum. The
Agent may at any time prior to such distribution instruct the Paying Agent to return such Advance to be made on the Restatement Date to the Lenders in its sole discretion. 

(H) Notwithstanding any provision to the contrary herein or in any other Transaction Document, with respect to the Advance to be made on the
Restatement Date, if any, the Paying Agent is obligated only to perform the duties specifically set forth in Section 2.4(G) or otherwise in the Restatement Date Flow of Funds Memorandum, which shall be deemed purely ministerial in nature. Under
no circumstance will the Paying Agent be deemed to be a fiduciary to any Person with respect to the Advance to be made on the Restatement Date or the Paying Agent’s duties under Section 2.4(G) or the Restatement Date Flow of Funds
Memorandum. With respect to such Advance to be made on the Restatement Date, the Paying Agent shall neither be responsible for, nor chargeable with, knowledge of the terms and conditions of any other agreement, instrument, or document other than
Section 2.4(G) and the Restatement Date Flow of Funds Memorandum, whether or not an original or a copy of such agreement has been provided to the Paying Agent; and the Paying Agent shall have no duty to know or inquire as to the performance or
nonperformance of any provision of any such agreement, instrument, or document. With respect to such Advance to be made on the Restatement Date, the Paying Agent will not be responsible to determine or to make inquiry into any term, capitalized, or
otherwise, not defined herein. Section 2.4(G) and the Restatement Date Flow of Funds Memorandum set forth all matters pertinent to the escrow of such Advance to be made on the Restatement Date contemplated hereunder, and no additional
obligations of the Paying Agent with respect thereto shall be inferred or implied from the terms of this Agreement or any other agreement. 

Section 2.5. Fees. 

(A) Unused Line Fees. The Borrower agrees to pay to each Funding Agent, for the benefit of the Committed Lender in its Lender Group and
as consideration for the Commitment of such Committed Lender in such Lender Group unused line fees in Dollars (the “Unused Line Fee”) for the period from the Closing Date to the last day of the Availability Period, computed as
(a) the Unused Line Fee Percentage multiplied by (b) the average Unused Portion of the Commitments with respect to such Lender Group during a calendar month; provided, that for the 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -6- 

 
purposes of this provision, the Commitment of any Committed Lender shall be deemed to be zero if such Lender is a Defaulting Lender. Accrued Unused Line Fees shall be due and payable in arrears
(from available Collections as set forth and in the order of priority established pursuant to Section 2.7) on the Payment Date immediately following the last day of the applicable calendar month for which such fee was calculated and on the last
day of the Availability Period. 
 (B) Manager Fee. The Borrower shall pay the Manager Fee to the initial Manager and after the
resignation or replacement of the initial Manager, the Borrower shall pay the Manager Fee to a Successor Manager appointed in accordance with the Management Agreement. 

(C) Servicer Fee. The Borrower shall pay the Servicer Fee to the initial Servicer and after the resignation or replacement of the
initial Servicer, the Borrower shall pay the Servicer Fee to a Successor Servicer, which may be the Back-Up Servicer, appointed in accordance with the Servicing Agreement. 

(D) Back-Up Servicing/Transition Manager Fee. The Borrower shall pay the Back-Up Servicing/Transition Manager Fee to the Back-Up Servicer and the Transition Manager until such time as the Back-Up Servicer
becomes the Successor Servicer in accordance with the Servicing Agreement; provided, that to the extent the Back-Up Servicer becomes the Successor Servicer, the Transition Manager shall be paid a fee at
such times and in the same order of priority established pursuant to Section 2.7(B) for the payment of the Back-Up Servicing/Transition Manager Fee, which fee shall be an amount agreed upon between the
Agent and the Transition Manager and shall equal at least fifty percent of the Back-Up Servicing/Transition Manager Fee. 

(E) Custodial Fee. The Borrower shall pay to the Custodian the Custodial Fee. 

(F) Paying Agent Fee. The Borrower shall pay to the Paying Agent the Paying Agent Fee. 

(G) Payment of Fees. The fees set forth in Section 2.5(A), (B), (C), (D), (E), and (F) shall be payable on each Payment Date
by the Borrower from Distributable Collections as set forth in and in the order of priority established pursuant to Section 2.7(B). Notwithstanding anything to the contrary herein or in any Transaction Document, the fees referred to in this
Section 2.5 shall not constitute “Confidential Information.” 
 Section 2.6. Reduction/Increase
of the Commitments. (A) The Borrower may, on any Business Day, upon written notice given to the Agent and each of the Funding Agents not later than two (2) Business Days prior to the date of the proposed action (which notice may be
conditioned upon any event), terminate in whole or reduce in part, on a pro rata basis based on its Lender Group Percentage, the Unused Portion of the Commitments with respect to each Lender Group (and on a pro rata basis with respect to each
Committed Lender in such Lender Group); provided, that (i) any partial reduction shall be in the amount of $1,000,000 or an integral multiple thereof and (ii) any Unused Portion of the Commitments so reduced may not be increased
again without the written consent of the related Committed Lenders in such Lender Group. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -7- 

 (B) The Borrower may, on any Business Day upon written notice given to the Agent and each of
the Funding Agents, request an increase, on a pro rata basis based on its Lender Group Percentage, of the Commitments of the Committed Lender(s) in each Lender Group; provided, that any increase shall be at least equal to $5,000,000 or an
integral multiple thereof but shall in no event cause the Aggregate Commitments to exceed the Maximum Facility Amount. Each Committed Lender shall, within five (5) Business Days of receipt of such request, notify the Agent and the Agent shall
in turn notify the Borrower in writing (with copies to the other members of the applicable Lender Group) whether or not each Committed Lender has, in its sole discretion, agreed to increase its Commitment. If a Committed Lender does not send any
notification to the Agent within such five (5) Business Day period, such Committed Lender shall be deemed to have declined to increase its Commitment. 

Section 2.7. Repayment of the Advances. (A) The maturity date for this facility is the Maturity Date and
notwithstanding any other provision to the contrary, the outstanding principal balance of the Advances and the other Obligations owing under this Agreement, together with all accrued but unpaid interest thereon, shall be due and payable in full, if
not due and payable earlier, on the Maturity Date. 
 (B) On any Business Day, the Borrower may direct the Paying Agent to, and on each
Payment Date, the Borrower shall direct the Paying Agent to, subject to Section 2.7(D), apply all amounts on deposit in the Collection Account (including, (x)(1) (a) Collections deposited therein during the related Collection Period and
(b) any amounts due during the related Collection Period but deposited into the Collection Account within ten (10) Business Days after the end of such Collection Period that the Servicer (at its option) has determined (with written notice
thereof to the Paying Agent (with a copy to the Agent, the Borrower and the Back-Up Servicer)) to be treated as if such amounts were on deposit in the Collection Account at the end of such Collection Period,
(2) amounts deposited therein from the Liquidity Reserve Account or the Equipment Replacement Reserve Account, in each case in accordance with Section 8.2, or (3) any amounts deposited therein by the Seller or the Parent pursuant to
the Sale and Contribution Agreement or the Parent Guaranty, respectively, but (y) excluding Collections deposited therein in the current Collection Period except as necessary to make distributions pursuant to clauses (i)-(v) or as otherwise
determined by the Servicer pursuant to clause (x)(1)(a) above) (the “Distributable Collections”), to the Obligations in the following order of priority based solely on information contained in (I) with respect to any Payment
Date, the Monthly Servicer Report for such related Collection Period or, if no Monthly Servicer Report is provided, solely as directed in writing by the Agent or (II) with respect to any other Business Day, including the date of closing for a
Takeout Transaction, on which the Borrower requests an application and distribution of funds in the Collection Account (and/or Takeout Transaction Account, if applicable), an interim Monthly Servicer Report or such other report in form and substance
reasonably satisfactory to the Agent (as confirmed by the Agent via an email sent to the Paying Agent) and the Paying Agent relating to the Distributable Collections and proceeds of a Takeout Transaction, if applicable, that is delivered by the
Servicer (which the Servicer hereby agrees to deliver at the request of the Agent): 
 (i) first (Taxes), to
the Manager for the payment to the appropriate taxing authorities, the amount of franchise taxes owed by the Borrower prior to the next 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -8- 

 
Payment Date and for which funds have not previously been withdrawn from the Collection Account; provided, that taxes paid and to be paid pursuant to this subclause (i) shall include
only those accrued on or after the Closing Date; 
 (ii) second (Service Providers), ratably,
(a) to the Paying Agent (1) the Paying Agent Fee and (2)(x) any accrued and unpaid Paying Agent Fees with respect to prior Payment Dates plus
(y) out-of-pocket expenses and indemnities of the Paying Agent incurred and not reimbursed in connection with its obligations and duties under this Agreement;
(b) to the Back-Up Servicer and the Transition Manager (1) the Back-Up Servicing Fee/Transition Manager Fee and (2)(x) any accrued and unpaid Back-Up Servicing Fees/Transition Manager Fee with respect to prior Payment Dates plus (y) out-of-pocket expenses and indemnities
of the Back-Up Servicer and Transition Manager, as applicable; and (3) any accrued and unpaid transition costs, in each case, pursuant to the Transaction Documents; provided that the aggregate
payments to the Paying Agent, the Back-Up Servicer, and the Transition Manager as reimbursement for clauses (a)(2)(y) and (b)(2)(y) will be limited to $50,000 per calendar year so long as no Event of Default
has occurred pursuant to this Agreement (unless otherwise approved by the Agent); provided, further that the aggregate payments to the Back-Up Servicer and the Transition Manager as reimbursement for
clause (3) will be limited to $150,000 per transition occurrence and $300,000 in the aggregate (unless otherwise approved by the Agent); (c) to the Manager, the Manager Fee; (d) to the Servicer, the Servicer Fee; and (e) to the
Custodian, the Custodial Fee; 
 (iii) third (Qualifying Hedge Counterparty and Paying Agent Payments),
to the Qualifying Hedge Counterparty under each Hedge Agreement, the payment of all amounts which are due and payable by the Borrower to such Qualifying Hedge Counterparty on such date (other than fees, expenses, termination payments,
indemnification payments, tax payments or other similar amounts), pursuant to the terms of the applicable Hedge Agreement (net of all amounts which are due and payable by such Qualifying Hedge Counterparty to the Borrower on such date pursuant to
the terms of such Hedge Agreement); 
 (iv) fourth (Interest Distribution Amount), to each Funding
Agent, for the benefit of and on behalf of the Lenders in its Lender Group, the Interest Distribution Amount then due (allocated among the Lender Groups based on their Lender Group Percentages) until paid in full; 

(v) fifth (Unused Line Fee), to each Funding Agent, for the benefit of and on behalf of the Committed
Lender(s) in its Lender Group, the payment of the Unused Line Fee then due (allocated among the Lender Groups based on their Lender Group Percentages) until paid in full; 

(vi) sixth (Liquidity Reserve Account), if the amount on deposit in the Liquidity Reserve Account is less
than the Liquidity Reserve Account Required Balance and no Amortization Event has occurred and is continuing, to the Liquidity Reserve Account until the amount on deposit in the Liquidity Reserve Account shall equal the Liquidity Reserve Account
Required Balance; 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -9- 

 (vii) seventh (Equipment Replacement Reserve Account),
to the Equipment Replacement Reserve Account, the Equipment Replacement Reserve Deposit, if any; 
 (viii) eighth
(Borrowing Base Deficit), to the extent required under Section 2.9 in connection with a Borrowing Base Deficiency, to each Funding Agent, on behalf of the Lenders in its Lender Group, for the prepayment and reduction of the
outstanding principal amount of any Advances, an amount equal to the amount necessary to cure such Borrowing Base Deficiency (allocated ratably among the Lender Groups based on their Lender Group Percentages) plus, to the extent not paid as provided
above, accrued and unpaid interest on the Advances prepaid until paid in full; 
 (ix) ninth (Qualifying Hedge
Counterparty Breakage), to the Agent for the account of the Qualifying Hedge Counterparty under each Hedge Agreement, all payments which arose due to a default by the Qualifying Hedge Counterparty or the Borrower or due to any
prepayments of amounts under such Hedge Agreement and all fees, expenses, indemnification payments, tax payments or other amounts (to the extent not previously paid hereunder) which are due and payable by the Borrower to such Qualifying Hedge
Counterparty on such date, pursuant to the terms of the applicable Hedge Agreement; 
 (x) tenth (Availability Period
Lender Obligations), if the Availability Period shall have ended, to the Agent and each Funding Agent on behalf of itself and the Lenders in its related Lender Group, for application to the aggregate amount of all Obligations then due
and payable from the Borrower to the Agent, such Funding Agent and each such Lender in the Lender Group, including the payment of the principal balance of the outstanding Advances (allocated among such Obligations as selected by the Agent;
provided that payment of the principal balance of outstanding Advances shall be allocated ratably among the Lender Groups based on their Lender Group Percentages) until paid in full; 

(xi) eleventh (Lender Fees and Expenses), to the Agent and each Funding Agent on behalf of itself and the
Lenders in its related Lender Group, the payment of all Breakage Costs, all Liquidation Fees and all other amounts (other than those already provided for above) then due and payable by the Borrower to the Agent, such Funding Agent and such Lenders
(solely in their capacity as a Lender) hereunder or under any other Transaction Document until paid in full; 
 (xii)
twelfth (All Other Obligations), to the Agent on behalf of any applicable party, the ratable payment of all other Obligations that are past due and/or payable on such date; 

(xiii) thirteenth (Service Provider Indemnities), to the Paying Agent, the Custodian, the Back-Up Servicer, the Transition Manager, the Manager and/or the 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -10- 

 
Servicer, any indemnification, expenses, fees or other obligations owed to the Paying Agent, the Custodian, the Back-Up Servicer, the Transition Manager,
the Manager and/or the Servicer, respectively (including, out-of-pocket expenses of the Paying Agent, the Back-Up Servicer, and
the Transition Manager not paid pursuant to clause (ii) above and any Manager Fees, Custodial Fees or Servicer Fees not paid pursuant to clause (ii) above), pursuant to the Transaction Documents; 

(xiv) fourteenth (Principal Prepayments), as specified in Section 2.8(A), (a) first, as
specified in Section 2.8(A), to each Funding Agent on behalf of its related Lender Group, to the prepayment of Advances in accordance with Sections 2.8(A) and 2.12 together with any Liquidation Fees in accordance with Section 2.11(A)
and accrued interest on the amount prepaid (allocated ratably among the Lender Groups based on their Lender Group Percentages) and (b) second, to any other prepayment of Advances held by a Disqualified Lender pursuant to
Section 10.8, together with accrued interest on the amount prepaid; 
 (xv) fifteenth (Manager Extraordinary
Expenses), ratably (a) to the Manager, all Manager Extraordinary Expenses not previously paid, and (b) to the Servicer, all Servicer Extraordinary Expenses not previously paid; 

(xvi) sixteenth (Lockbox Bank Withdrawn Amount), to the Lockbox Account, the amount designated by the
Borrower as any Lockbox Bank Withdrawn Amount that has not previously been replenished by transfers of funds into the Lockbox Account by or on behalf of the Borrower (which, for the avoidance of doubt, shall not include funds transfers by any
Obligors); 
 (xvii) seventeenth (Letter of Credit Fees), to the applicable Eligible Letter of Credit
Bank, all Letter of Credit fees then due and owing; and 
 (xviii) eighteenth (Remainder), all
Distributable Collections remaining in the Collection Account after giving effect to the preceding distributions in this Section 2.7(B), to the Borrower’s Account. 

(C) After giving effect to the application of Distributable Collections in accordance with Section 2.7(B) on any Business Day, if any,
the Paying Agent shall, subject to Section 2.7(D), apply all amounts on deposit in the Takeout Transaction Account on such Business Day representing net proceeds of any Takeout Transaction to the Obligations in the following order of priority:

 (i) first (Interest), to each Funding Agent, on behalf of the Lenders in its Lender Group, the
excess, if any, of the Interest Distribution Amount accrued with respect to the amount of Advances prepaid on such day (allocated among the Lender Groups based on their Lender Group Percentages) with respect to the related Interest Accrual Period
over the amount distributed (or distributable) to the Funding Agent on such day pursuant to Section 2.7(B)(iv); 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -11- 

 (ii) second (Liquidation Fees and Other Obligations Owing to Agents,
Lenders and Funding Agents), to the Agent and each Funding Agent, on behalf of itself and the Lenders in its related Lender Group, for application to the aggregate amount of all Liquidation Fees and all other Obligations accrued with
respect to the amount of Advances prepaid on such day (other than those already provided for pursuant to this Section 2.7(C)) then due and payable by the Borrower to the Agent, such Funding Agent and such Lenders until paid in full; 

(iii) third (Principal), to each Funding Agent on behalf of its related Lender Group,
to the prepayment of Advances in accordance with Sections 2.8 and 2.12 (allocated ratably among the Lender Groups based on their Lender Group Percentages); 

(iv) fourth (Qualifying Hedge Counterparty Payments), to the Agent for the account of the
Qualifying Hedge Counterparty under each Hedge Agreement, all payments that are due and payable by the Borrower to such Qualifying Hedge Counterparty on such date arising as a result of the prepayment of Advances in connection with such Takeout
Transaction (including all fees, expenses, indemnification payments, tax payments, termination payments and other amounts), pursuant to the terms of the applicable Hedge Agreement; and 

(v) fifth (Remainder), to the Collection Account, all proceeds of such Takeout Transaction remaining in the
Takeout Transaction Account for application in accordance with Section 2.7(B). 
 (D) Notwithstanding anything to the contrary set
forth in this Section 2.7 or Section 8.2, the Paying Agent shall not be obligated to make any determination or calculation with respect to the payments or allocations to be made pursuant to either of such Sections, and in making the
payments and allocations required under such Sections, the Paying Agent shall be entitled to rely exclusively and conclusively upon the information in the latest Monthly Servicer Report (or such other report or direction signed by the Agent)
received by the Paying Agent pursuant to either such Section prior to the applicable payment date. Any payment direction to be acted upon by the Paying Agent pursuant to either such Section on a payment date other than a Payment Date shall be
delivered to the Paying Agent at least one (1) Business Day prior to the date on which any payment is to be made. 

Section 2.8. Certain Prepayments. (A) The Borrower (through the Paying Agent pursuant to
Section 2.7(B) and as otherwise permitted in this Agreement) may at any time upon written notice to the Agent, the Funding Agents and the Paying Agent, and subject to the priority of payments set forth in Section 2.7(B), prepay all or any
portion of the balance of the principal amount of the Advances based on the outstanding principal amounts thereof, which notice shall be given at least two (2) Business Days prior to the proposed date of such prepayment. Each such prepayment
(which need not be on a Payment Date) shall be accompanied by (a) the payment of all accrued but unpaid interest on the amounts to be so prepaid and (b) any Liquidation Fee in connection with such prepayment if such prepayment is not made
on a Payment Date. 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -12- 

 (B) The Borrower shall deposit all proceeds of any Takeout Transaction (net of reasonable
fees, taxes, commissions, premiums and expenses incurred by the Borrower in connection with such Takeout Transaction so long as such deposit is greater than or equal to the Minimum Payoff Amount) into the Takeout Transaction Account, and the Agent
shall apply such proceeds to prepay the Advances made in respect of Solar Loans and the related Solar Assets that are subject to such Takeout Transaction (and make other related payments in accordance with Sections 2.7(B) and 2.7(C)) including any
such payments due to the Paying Agent, the Back-Up Servicer, and the Transition Manager. 

Section 2.9. Mandatory Prepayments of Advances. On any date that the Borrower either (a) obtains
knowledge or (b) receives notice from the Agent (with calculations set forth in reasonable detail), that as of any date that the Borrowing Base is required to be calculated, the aggregate outstanding principal amount of all Advances exceeds the
lesser of (i) the sum of (x) the amount of the Aggregate Commitment and (y) any Advances in excess of the Aggregate Commitment made pursuant to Section 2.16(B) and (ii) the Borrowing Base (the occurrence of an excess of the
aggregate outstanding principal amount of all Advances over the lesser of the amount set forth in clauses (i) and (ii) being referred to herein as a “Borrowing Base Deficiency”), the Borrower shall pay to
each Funding Agent for the account of its Lender Group the amount of any such excess (to be applied to the reduction of Advances ratably among all Lender Groups based on their Lender Group Percentages), together with accrued but unpaid interest on
the amount required to be so prepaid to the date of such prepayment and any Liquidation Fee in connection with such prepayment if such prepayment is not made on a Payment Date. Notwithstanding anything contained herein to the contrary, in lieu of
repaying Advances to cure a Borrowing Base Deficiency, Seller may instead voluntarily assign additional Eligible Solar Loans and the related Solar Assets to the Borrower under the Sale and Contribution Agreement in an amount sufficient to cure such
Borrowing Base Deficiency so long as (x) the Borrower provides written notice to Agent that Seller intends to make such contribution together with a pro forma Borrowing Base Certificate giving effect to such contribution, (y) the Seller
delivers the related Custodian File to the Custodian for certification pursuant to the Custodial Agreement and (z) Agent shall have received the related A-1 Custodial Certification in respect of such
Eligible Solar Loans and the related Solar Assets from the Custodian pursuant to the Custodial Agreement. 

Section 2.10. Interest. The makers of the Advances shall be entitled to the applicable Interest Distribution
Amount payable on each Payment Date in accordance with Sections 2.7(B) and 2.7(C). 
 Section 2.11.
Breakage Costs; Liquidation Fees; Increased Costs; Capital Adequacy; Illegality; Additional Indemnifications. 
 (A) Breakage
Costs and Liquidation Fees. (i) If any Advance is not made on the date specified by the Borrower for any reason other than default by the Lenders, the Borrower hereby agrees to pay Breakage Costs, if any, and (ii) the Borrower further
agrees to pay all Liquidation Fees associated with a reduction of the principal balance of any Advance at any time. The Borrower shall not be responsible for any Liquidation Fees or any other loss, cost, or expenses arising at the time of, and
arising solely as a result of, any assignment made pursuant to Section 10.8 and the reallocation of any portion of the Advances of the applicable Lender making such assignment unless, in each case, such assignment is requested by the Borrower.

  
 [***] = Certain confidential information contained in this document, marked by
brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -13- 

 (B) Increased Costs. If any Change in Law (a) shall subject any Lender, the
Agent or any Affiliate thereof (each of which, an “Affected Party”) to any Taxes (other than (x) Indemnified Taxes, (y) Taxes described in clauses (ii) through (iv) of the definition of Excluded Taxes and
(z) Connection Income Taxes) on its loans, loan principal, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto, (b) shall impose, modify or deem applicable any reserve requirement
(including any reserve requirement imposed by the Board of Governors of the Federal Reserve System), special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Affected Party, or
(c) shall impose any other condition affecting the Collateral or the rights of any Lender and the Agent hereunder, the result of which is to increase the cost to any Affected Party under this Agreement or to reduce the amount of any sum
received or receivable by an Affected Party under this Agreement, then on the next Payment Date after written demand by such Affected Party, such Affected Party shall receive such additional amount or amounts as will compensate such Affected Party
for such additional or increased cost incurred or such reduction suffered to the extent such additional or increased costs or reduction are incurred or suffered in connection with the Collateral, any obligation to make Advances hereunder, any of the
rights of such Lender or the Agent hereunder, or any payment made hereunder in accordance with Section 2.7(B); provided, that the Borrower shall not be required to compensate such Affected Party for any portion of such additional or
increased cost or such reduction that is incurred more than one hundred eighty (180) days prior to any such demand (except that, if the event giving rise to such additional or increased cost or such reduction is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof). 

(C) Capital Adequacy. If any Change in Law has or would have the effect of reducing the rate of return on the capital of any Affected
Party as a consequence of its obligations hereunder or arising in connection herewith to a level below that which any such Affected Party could have achieved but for such Change in Law (taking into consideration the policies of such Affected Party
with respect to capital adequacy) by an amount deemed by such Affected Party to be material, then from time to time, then on the next Payment Date after written demand by such Affected Party (which demand shall be accompanied by a statement setting
forth the basis for such demand), such Affected Party shall receive such additional amount or amounts as will compensate such Affected Party for such reduction in accordance with Section 2.7(B); provided, that the Borrower shall not be
required to compensate such Affected Party for any portion of such additional amount or amounts that are incurred more than one hundred eighty (180) days prior to any such demand (except that, if the event giving rise to such additional amount
or amounts is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof). 

(D) Compensation. If as a result of any event or circumstance similar to those described in Section 2.11(A), 2.11(B) or
2.11(C), any Affected Party is required to compensate a bank or other financial institution providing liquidity support, credit enhancement or other similar support to such Affected Party in connection with this Agreement or the funding or
maintenance of Advances hereunder, then on the next Payment Date after written demand by such Affected 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -14- 

 
Party, such Affected Party shall receive such additional amount or amounts as may be necessary to reimburse such Affected Party for any amounts paid by it; provided, that the Borrower
shall not be required to compensate such Affected Party for any portion of such additional amount or amounts that are incurred more than one hundred eighty (180) days prior to any such demand (except that, if the event giving rise to such
additional amount or amounts is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof). 

(E) Calculation. In determining any amount provided for in this Section 2.11, the Affected Party may use any reasonable averaging
and attribution methods. Any Affected Party making a claim under this Section 2.11 shall submit to the Borrower a certificate as to such additional or increased cost or reduction, which certificate shall be conclusive absent manifest error.

 Section 2.12. Payments and Computations. (A) The Borrower (through the Paying Agent pursuant to
Section 2.7(B) or 2.7(C) and as otherwise permitted in this Agreement) shall make each payment and prepayment hereunder and under the Advances in respect of principal, interest, expenses, indemnities, fees or other Obligations due from the
Borrower not later than 4:00 P.M. (New York City time) on the day when due in U.S. Dollars to the related Funding Agent at its address referred to in Section 10.3 or to such account provided by such Funding Agent in immediately
available, same-day funds. Payments on Obligations may also be made by the application of funds in the Collection Account or the Takeout Transaction Account as provided in Section 2.7(B) or 2.7(C), as
applicable, or the making of additional Advances as provided in Section 2.4. All computations of interest for Advances made under the Base Rate shall be made by the applicable Funding Agent on the basis of a year of 365 or 366 days, as the
case may be, and actual days elapsed (including the first day but excluding the last day) occurring in the period for which such interest is payable. All other computations of fees and interest provided hereunder shall be made on the basis of a 360-day year and actual days elapsed (including the first day but excluding the last day) occurring in the period for which such interest is payable. Each determination by a Funding Agent of an interest rate
hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (B) All payments to be made in respect of fees, if
any, due to the Agent from the Borrower hereunder shall be made on the date when due without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by the Borrower, and without setoff, counterclaim or other
deduction of any nature (other than with respect to Taxes pursuant to Section 2.15), and an action therefor shall immediately accrue. The Borrower agrees that, to the extent there are insufficient funds in the Agent’s Account, to make any
payment under this clause (B) when due, the Borrower shall immediately pay to the Agent all amounts due that remain unpaid. 

Section 2.13. Payment on Non-Business Days. Whenever any
payment hereunder or under the Advances shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of
payment of interest. 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -15- 

 Section 2.14. Extension of the Scheduled Commitment Termination
Date. No earlier than ninety (90) days, and no later than sixty (60) days, prior to the then Scheduled Commitment Termination Date, the Borrower may deliver written notice to the Agent and each Funding Agent requesting an extension of
such Scheduled Commitment Termination Date. The Agent shall respond to such request no later than thirty (30) days following the date of its receipt of such request, indicating whether it is considering such request and preliminary conditions
precedent to any extension of the Scheduled Commitment Termination Date as the Agent determines to include in such response. The Agent’s failure to respond to a request delivered by the Borrower pursuant to this Section 2.14 shall not be
deemed to constitute any agreement by the Agent to any such extension. The granting of any extension of the Scheduled Commitment Termination Date requested by the Borrower shall be in the mutual discretion of the Borrower and the Agent (on behalf of
the Lenders with the consent of all Lender Groups). 
 Section 2.15. Taxes. 

(A) Defined Terms. For purposes of this Section 2.15 the term “applicable Law” includes FATCA. 

(B) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower under any Transaction Document
shall be made without deduction or withholding for any Taxes, except as required by applicable Law. If any applicable Law (as determined in the good faith discretion of an applicable withholding agent) requires the deduction or withholding of any
Tax from any such payment by a withholding agent, then the applicable withholding agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in
accordance with applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings
applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(C) Payment of Other Taxes by the Borrower. The Borrower shall timely pay to the relevant Governmental Authority in accordance with
applicable Law, or at the option of a Funding Agent timely reimburse it for the payment of, any Other Taxes. 
 (D) Indemnification by
the Borrower. The Borrower shall indemnify each Recipient, within ten days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this
Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Recipient (with a copy to each Funding Agent), or by a Funding Agent on its own behalf or on
behalf of a Recipient, shall be conclusive absent manifest error. 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (E) Indemnification by the Lenders. Each Committed Lender shall severally indemnify
each Funding Agent, within ten days after demand therefor, for (i) any Indemnified Taxes attributable to such Committed Lender (but only to the extent that the Borrower has not already indemnified such Funding Agent for such Indemnified Taxes
and without limiting the obligation of the Borrower to do so), and (ii) any Excluded Taxes attributable to such Committed Lender, in each case, that are payable or paid by a Funding Agent in connection with any Transaction Document, and any
reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to
any Committed Lender by its Funding Agent shall be conclusive absent manifest error. Each Committed Lender hereby authorizes its Funding Agent to set off and apply any and all amounts at any time owing to such Committed Lender under any Transaction
Document or otherwise payable by such Funding Agent to the Lender from any other source against any amount due to such Funding Agent under this paragraph (E). 

(F) Evidence of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority pursuant to
this Section 2.15, the Borrower shall deliver to each Funding Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of
such payment reasonably satisfactory to such Funding Agent. 
 (G) Status of Recipients. (i) Any Recipient that is entitled to
an exemption from or reduction of withholding Tax with respect to payments made under any Transaction Document shall deliver to the Borrower, the Paying Agent and the related Funding Agent, at the time or times reasonably requested by the Borrower,
the Paying Agent or such Funding Agent, such properly completed and executed documentation reasonably requested by the Borrower, the Paying Agent or such Funding Agent as will permit such payments to be made without withholding or at a reduced rate
of withholding. In addition, any Recipient, if reasonably requested by the Borrower, the Paying Agent or the related Funding Agent, shall deliver such other documentation prescribed by applicable Law or reasonably requested by the Borrower, the
Paying Agent or such Funding Agent as will enable the Borrower, the Paying Agent or such Funding Agent to determine whether or not such Recipient is subject to backup withholding or information reporting requirements. Notwithstanding anything to the
contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in clauses (ii)(a), (ii)(b) and (ii)(d) below) shall not be required if in the Recipient’s
reasonable judgment such completion, execution or submission would subject such Recipient to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Recipient. 

(ii) Without limiting the generality of the foregoing, 

(a) any Recipient that is a U.S. Person shall deliver to the Borrower, the Paying Agent and the related Funding Agent on
or prior to the date on which such Recipient becomes a Recipient under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower, the Paying Agent or such Funding Agent), executed originals of Internal Revenue
Service Form W-9 certifying that such Recipient is exempt from U.S. federal backup withholding tax; 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 (b) any Recipient that is not a U.S. Person shall, to the extent it is
legally entitled to do so, deliver to the Borrower, the Paying Agent and the related Funding Agent (in such number of copies as shall be requested by the Borrower, the Paying Agent or such Funding Agent) on or prior to the date on which such
Recipient becomes a Recipient under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower, the Paying Agent or such Funding Agent), whichever of the following is applicable: 

(1) in the case of a Recipient claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under any Transaction Document, executed originals of Internal Revenue Service Form W-8BEN or
W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and
(y) with respect to any other applicable payments under any Transaction Document, Internal Revenue Service Form W-8BEN or
W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article
of such tax treaty; 
 (2) executed originals of Internal Revenue Service Form
W-8ECI; 
 (3) in the case of a Recipient claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Internal Revenue Code, (x) a certificate to the effect that such Recipient is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a
“10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Internal Revenue Code
(a “U.S. Tax Compliance Certificate”) and (y) executed originals of Internal Revenue Service Form W-8BEN or
W-8BEN-E; or 
 (4) to the extent a
Recipient is not the beneficial owner, executed originals of Internal Revenue Service Form W-8IMY, accompanied by Internal Revenue Service Form W-8ECI, Internal Revenue
Service Form W-8BEN or W-8BEN-E, a U.S. Tax Compliance Certificate, Internal Revenue Service Form
W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Recipient is a partnership and one or more direct or indirect partners of such Recipient are
claiming the portfolio interest exemption, such Recipient may provide a U.S. Tax Compliance Certificate on behalf of each such direct and indirect partner; 

(c) any Recipient which is not a U.S. Person shall, to the extent it is legally entitled to do so, deliver to the
Borrower, the Paying Agent and the related Funding Agent (in such number of copies as shall be requested by the recipient) on or prior to the 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -18- 

 
date on which such Recipient becomes a Recipient under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower, the Paying Agent or such Funding Agent),
executed originals of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by
applicable Law to permit the Borrower, the Paying Agent or such Funding Agent to determine the withholding or deduction required to be made; and 

(d) if a payment made to a Recipient under any Transaction Document would be subject to U.S. federal withholding Tax
imposed by FATCA if such Recipient were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Recipient shall deliver to
the Borrower, the Paying Agent and the related Funding Agent at the time or times prescribed by Law and at such time or times reasonably requested by the Borrower, the Paying Agent or such Funding Agent such documentation prescribed by applicable
Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by the Borrower, the Paying Agent or such Funding Agent as may be necessary for the Borrower, the
Paying Agent and such Funding Agent to comply with their obligations under FATCA and to determine that such Recipient has complied with such Recipient’s obligations under FATCA or to determine the amount to deduct and withhold from such
payment. Solely for purposes of this clause (d), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

Each Recipient agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it
shall update such form or certification or promptly notify the Borrower, the Paying Agent and the related Funding Agent in writing of its legal inability to do so. 

(H) Forms for Paying Agent. The Agent and each Funding Agent shall deliver to the Paying Agent on or before the first Payment Date,
executed originals of Internal Revenue Service Form W-9 or W-8, as applicable, certifying that the Agent or such Funding Agent is exempt from U.S. federal backup
withholding tax. 
 (I) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that
it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.15 (including by the payment of additional amounts pursuant to this Section 2.15), it shall pay to the indemnifying party an amount equal
to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket
expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall
repay to such indemnified party the amount paid over pursuant to this paragraph (I) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay
such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (I), in no 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -19- 

 
event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (I) the payment of which would place the indemnified party in a less
favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to the indemnifying party or any other Person. 
 (J) Survival. Each party’s obligations under this
Section 2.15 shall survive the resignation or replacement of a Funding Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations
under any Transaction Document. 
 Section 2.16. Request for Borrowing Exceeding Aggregate Commitment. 

(A) Notice. The Borrower may, from time to time during the Availability Period, prior to the issuance of a Notice of Borrowing, send a
written notice to the Agent (who shall promptly forward the same to each Lender Group) setting forth the Borrower’s intent to request a borrowing that will cause the sum of all outstanding Advances to exceed the Aggregate Commitment. Such
notice shall be sent no later than five (5) Business Days prior to the date on which the Borrower intends to send the related Notice of Borrowing and shall set forth the amount by which the sum of all outstanding Advances (after giving effect
to such Borrowing) will exceed the Aggregate Commitments and the related Borrowing Date. 
 (B) Approval/Disapproval. Upon receipt of
the notice described in Section 2.16(A) by the Agent, the Agent shall, no later than five (5) Business Days after receipt thereof, obtain the written approval or disapproval of each Committed Lender regarding the requested Advances, which
approval shall be granted or not granted in the sole discretion of such Committed Lender. If the making of the requested Advances is approved, the Borrower shall, in accordance with procedures set forth in Section 2.4, send the related
Notice of Borrowing. Any approved Advances to be made by the Lenders in the related Lender Group shall be funded within such Lender Group pursuant to any allocation as agreed to by all of the members of such Lender Group. If the making of the
requested Advances is not approved, then the Borrower shall, prior to sending its Notice of Borrowing, modify the same in a manner sufficient to ensure that the requested borrowing does not cause the sum of all outstanding Advances to exceed the
Aggregate Commitment then in effect, as applicable. 
 (C) Commitment. For the avoidance of doubt, if the making of an Advance by a
Lender Group that would cause the sum of all outstanding Advances to exceed the Aggregate Commitment, as applicable, is approved, each Committed Lender’s Commitment shall be increased solely to the extent such Committed Lender approved the
Advance. Each Committed Lender’s Commitment shall remain as set forth on Exhibit D unless increased and/or reduced from time to time in accordance with Section 2.6 or amended in connection with assignments made by
such Committed Lender pursuant to Section 10.8. Moreover, the Borrower must go through the procedures described in Sections 2.16(A) and (B) each time a request for an Advance is made which would cause the sum of all outstanding
Advances to exceed the Aggregate Commitment, as applicable. 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -20- 

 (D) Nothing set forth in this Section 2.16 requires a Conduit Lender to make any
Advance; however, a Conduit Lender may, in its sole discretion, make the Advance requested pursuant to this Section 2.16 for its Lender Group. Any Advance approved pursuant to this Section 2.16 shall be made pursuant to and in
accordance with Sections 2.2 and 2.4. 
 Section 2.17. Defaulting Lenders. 

(A) Defaulting Lender Adjustments. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting
Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (i) The Unused Line
Fee shall cease to accrue on the Commitment of such Defaulting Lender pursuant to Section 2.5; and 

(ii) the Commitments of such Defaulting Lender shall not be included in determining whether all Lenders or the Majority
Lenders, as applicable, have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 10.2); provided, that any waiver, amendment or modification requiring the
consent of all Lenders or each affected Lender which affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender. 

(B) Defaulting Lender Cure. If the Borrower and the Agent agree in writing that a Lender is no longer a Defaulting Lender, Agent shall
so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender shall purchase at par such of the Advances of the other Lenders in its Lender Group as Agent shall
determine may be necessary in order for such Lender to hold such Advances in accordance with its Lender Group Percentage, whereupon such Lender will cease to be a Defaulting Lender; provided, that no adjustments will be made retroactively
with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change
hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender having been a Defaulting Lender. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -21- 

 ARTICLE III 

CONDITIONS OF LENDING AND CLOSING 

Section 3.1. Conditions Precedent to Amendment and Restatement. The following conditions shall be satisfied
on or before the Restatement Date: 
 (A) Closing Documents. Agent shall have received each of the following
documents, in form and substance satisfactory to Agent, duly executed, and each such document shall be in full force and effect, and all consents, waivers and approvals necessary for the consummation of the transactions contemplated thereby shall
have been obtained: 
 (i) this Agreement; 

(ii) [reserved;] 

(iii) a Loan Note for each Lender Group that has requested the same; 

(iv) [reserved]; 

(v) the Pledge Agreement; 

(vi) [reserved;] 

(vii) the Servicing Agreement; 

(viii) [reserved;] 

(ix) the Parent Guaranty; and 

(x) each Fee Letter. 

(B) Secretary’s Certificates. Agent shall have received: (i) a certificate from the Secretary or the Assistant
Secretary of each of Parent, Seller, Manager, and the Borrower (a) attesting to the resolutions of such Person’s members, managers or other governing body authorizing its execution, delivery, and performance of this Agreement and the other
Transaction Documents to which it is a party, (b) authorizing specific Responsible Officers for such Person to execute the same, and (c) attesting to the incumbency and signatures of such specific Responsible Officers; (ii) copies of
governing documents, as amended, modified, or supplemented prior to the Restatement Date of each of Parent, Seller, Manager, and the Borrower, in each case certified by the Secretary of such Person; and (iii) a certificate of status with
respect to each of Parent, Seller, Manager, and the Borrower, dated within fifteen (15) days of the Restatement Date, such certificate to be issued by the appropriate officer of the jurisdiction of organization of such entity, which certificate
shall indicate that such entity is in good standing in such jurisdiction. 
  
 [***] =
Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -22- 

 (C) Legal Opinions. Agent shall have received customary opinions from
counsel to Parent, Seller, Manager, and the Borrower addressing (a) authorization and enforceability of the Transaction Documents and other corporate matters, (b) security interest and UCC matters and (c) true sale and substantive
consolidation matters. 
 (D) No Material Adverse Effect. Since December 31, 2018, there has been no Material
Adverse Effect. 
 (E) Know Your Customer Information. The Agent and the Paying Agent shall have received all
documentation and other information required by regulatory authorities under applicable “Know Your Customer” and anti-money laundering rules and regulations, including the Patriot Act. 

(F) Payment of Fees. The Borrower shall have paid all fees previously agreed in writing to be paid on or prior to the
Restatement Date. 
 (G) Evidence of Insurance. The Agent shall have received certification evidencing coverage under
the insurance policies referred to in Section 5.1(L). 
 Section 3.2. Conditions Precedent to All
Advances. (A) Except as otherwise expressly provided below, the obligation of each Committed Lender to make or participate in each Advance (including the initial Advances made on the Restatement Date) shall be subject, at the time thereof,
to the satisfaction of the following conditions: 
 (i) all conditions to the related purchase of Solar Loans and the related
Solar Assets under the Sale and Contribution Agreement shall have been satisfied; 
 (ii) the Commitment Termination Date
shall not have occurred, nor shall it occur as a result of making such Advance, nor has the Availability Period ended; 

(iii) all of the representations and warranties of the Borrower, the Seller, the Parent, the Manager, and the initial Servicer
contained in this Agreement or any other Transaction Document that relate to the eligibility of the Solar Assets shall be true and correct as of the date of such Advance and all other representations and warranties of the Borrower, the Seller, the
Parent, the Manager, and the initial Servicer contained in this Agreement or any other Transaction Document shall be true and correct in all material respects (except for those representations and warranties that are qualified by materiality, in
which case such representations and warranties shall be true and correct in all respects) as of the date of such Advance (or such earlier date or period specifically stated in such representation or warranty; 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -23- 

 (iv) no Amortization Event, Event of Default, Potential Amortization Event
or Potential Default has occurred and is continuing or would result from the Borrower receiving any Advance or from the application of the proceeds therefrom; 

(v) no later than two Business Days prior to the requested Borrowing Date, the Agent shall have received a properly completed
Notice of Borrowing and a Borrowing Base Certificate (reflecting a Borrowing Base that equals or exceeds the sum of the outstanding Advances after giving effect to such proposed Advances) from the Borrower; 

(vi) on or prior to the related Borrowing Date, the Agent shall have received the related Preliminary A-1 Custodial Certification with respect to the initial Advance hereunder or the A-1 Custodial Certification with respect to all other Advances, in each case in respect of the
related Solar Loans and the related Solar Assets from the Custodian pursuant to the Custodial Agreement; 
 (vii) the amount
on deposit in the Liquidity Reserve Account shall not be less than the Liquidity Reserve Account Required Balance, taking into account the application of the proceeds of the proposed Advance on such date and the increase of the aggregate principal
balance of all outstanding Advances on such date; 
 (viii) to the extent the sum of all outstanding Advances is in excess of
the Aggregate Commitments or the requested Advance, if made, would cause the sum of all outstanding Advances to exceed the Aggregate Commitments, the Borrower shall have, pursuant to the procedures set forth in Section 2.16, received the
written approval of the Committed Lenders with respect to such Advance, such approval to be granted by each Committed Lender in its sole discretion; and 

(ix) after giving effect to such Advance, the sum of all outstanding Advances shall not exceed the Maximum Facility Amount.

 (B) Each Notice of Borrowing submitted by the Borrower after the Restatement Date shall be deemed to be a representation and warranty
that the conditions specified in this Section 3.2 have been satisfied on and as of the date of the applicable Notice of Borrowing. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Section 4.1. Representations and Warranties of the Borrower. The Borrower represents and warrants to the
Agent and each Lender as of the Closing Date, as of the Restatement Date, as of each Borrowing Date and as of each Payment Date, as follows: 

(A) Organization; Corporate Powers. The Borrower (i) is a duly organized and validly existing limited liability
company, in good standing under the laws of the State of Delaware, (ii) has the limited liability company power and authority to own its 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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property and assets and to transact the business in which it is engaged and presently proposes to engage, and (iii) is duly qualified and is authorized to do business in all jurisdictions
where it is required to be so qualified or authorized. 
 (B) Authority and Enforceability. The Borrower has the
limited liability company or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Transaction Documents to which it is party and has taken all necessary company or other organizational action to
authorize the execution, delivery and performance of the Transaction Documents to which it is party. The Borrower has duly executed and delivered each Transaction Document to which it is party and each Transaction Document to which it is party
constitutes the legal, valid and binding agreement and obligation of the Borrower enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law). 

(C) Government Approvals. No order, consent, authorization, approval, license, or validation of, or filing recording,
registration with, or exemption by, any Governmental Authority is required to authorize or is required as a condition to: (i) the execution, delivery and performance by the Borrower of any Transaction Document to which the Borrower is a party
or any of its obligations thereunder or (ii) the legality, validity, binding effect or enforceability of any Transaction Document to which the Borrower is a party. 

(D) Litigation. There are no material actions, suits or proceedings, pending or threatened in writing with respect to
the Borrower other than as otherwise disclosed to the Agent and the Lenders pursuant to Section 5.1(A)(vi). 
 (E)
Applicable Law, Contractual Obligations and Organizational Documents. Neither the execution, delivery and performance by the Borrower of the Transaction Documents to which it is party nor compliance with the terms and provisions thereof
(i) will contravene any provision of any law, statute, rule, regulation, order, writ, injunction or decree of any Governmental Authority applicable to the Borrower or its properties and assets, (ii) will conflict with or result in any
breach of, any of the terms, covenants, conditions or provisions of, or constitute a default under or result in the creation or imposition of (or the obligation to create or impose) any Lien (other than the Liens created pursuant to the Security
Agreement, the Pledge Agreement or Permitted Liens) upon any of the property or assets of the Borrower pursuant to the terms of any contract, or (iii) will breach any provision of the certificate of formation or the operating agreement of the
Borrower and will, for each of subsection (i), (ii) and (iii), result in a Material Adverse Effect. 
 (F) Use of
Proceeds. Proceeds of the Advances have been used only as permitted under Section 2.3. No part of the proceeds of the Advances will be used directly or indirectly to purchase or carry Margin Stock, or to extend credit to others for 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -25- 

 
the purpose of purchasing or carrying any Margin Stock, in violation of any of the provisions of Regulations T, U or X of the Board of Governors of the Federal Reserve System. The Borrower
is not engaged in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. At no time would more than 25% of the value of the assets of the Borrower that are subject to any “arrangement” (as such term is
used in Section 221.2(g) of such Regulation U) hereunder be represented by Margin Stock. 
 (G) Accounts.
The names and addresses of the Lockbox Bank, together with the account numbers of the Lockbox Account, the Collection Account, the Equipment Replacement Reserve Account, the Borrower’s Account, the Loan Proceeds Accounts, the Takeout
Transaction Account and the Liquidity Reserve Account are specified on Schedule II attached hereto, as updated pursuant to Section 5.1(Q). Other than accounts on Schedule II attached hereto, the Borrower does not have any other
accounts. The Borrower has directed, or has caused to be directed, each Obligor to make all related Obligor Payments to the Lockbox Account; provided, that with respect to Obligor Payments related to Credit Card Receivables, such payments
shall be remitted through a vendor reasonably acceptable to the Agent and then transferred to the Lockbox Account on the third Business Day after receipt by such vendor. The Borrower has or has caused all amounts on deposit in the Lockbox Account to
be transferred on or before the close of business on each Business Day to the Collection Account. 
 (H) ERISA. None
of the assets of the Borrower are or, prior to the repayment of all Obligations and the termination of all Commitments, will be subject to Title I of ERISA, Section 4975 of the Internal Revenue Code, or, by reason of any investment in the
Borrower by any governmental plan, as the case may be, any other federal, state, or local provision similar to Section 406 of ERISA or Section 4975 of the Internal Revenue Code. Neither the Borrower nor any of its ERISA Affiliates has
maintained, participated or had any liability in respect of any Plan during the past six (6) years which could reasonably be expected to subject the Borrower or any of its ERISA Affiliates to any tax, penalty or other liabilities. With respect
to any Plan which is a Multi-Employer Plan, no such Multi-Employer Plan shall be in “reorganization” or shall be “insolvent,” as defined in
Title IV ERISA, in each case, if the reorganization or insolvent status continues unremedied for thirty (30) days. No ERISA Event has occurred or is reasonably likely to occur. 

(I) Taxes. The Borrower has timely filed (or had filed on its behalf) all federal, state, provincial, territorial,
foreign and other Tax returns and reports required to be filed under applicable law, and has timely paid (or had paid on its behalf) all federal, state, foreign and other Taxes levied or imposed upon it or its properties, income or assets otherwise
due and payable, except those which are being contested in good faith by appropriate actions diligently conducted and for which adequate reserves have been provided in accordance with GAAP. No Lien or similar adverse claim has been filed, and no
claim is being asserted, with respect to any such Tax due from the Borrower or with respect to its Solar Assets or the assignments thereto. Any Taxes due and payable by the Borrower or its predecessors in interest in connection with the execution
and 
  
 [***] = Certain confidential information contained in this document, marked by
brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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delivery of this Agreement and the other Transaction Documents and the transfers and transactions contemplated hereby or thereby have been paid or shall have been paid if and when due. The
Borrower is not liable for Taxes payable by any other Person. 
 (J) Material Agreements. There are no breaches or
defaults under the Transaction Documents, the Custodial Agreement, the Servicing Agreement, the Management Agreement, the Security Agreement, the Sale and Contribution Agreement, any similar agreements entered into in connection with a Takeout
Transaction, the agreements set forth on Schedule III attached hereto, or any other material agreement to which the Borrower is a party. 

(K) Accuracy of Information. The written information (other than financial projections, forward looking statements, and
information of a general economic or industry specific nature) that has been made available to the Paying Agent, the Custodian, the Back-Up Servicer, the Transition Manager, the Agent or any Lender by or on
behalf of the Borrower or any Affiliate thereof in connection with the transactions hereunder including any written statement or certificate of factual information, when taken as a whole, does not, when furnished, contain any untrue statement of a
material fact or omit to state a material fact necessary in order to make the statements contained therein not materially misleading in the light of the circumstances under which such statements are made (giving effect to all supplements and updates
thereto). 
 (L) No Material Adverse Effect. Since December 31, 2018, there has been no Material Adverse Effect.

 (M) Investment Company Act. The Borrower is not an “investment company” or an “affiliated
person” of or “promoter” or “principal underwriter” for an “investment company” as such terms are defined in the 1940 Act, nor is the Borrower otherwise subject to regulation thereunder and the Borrower does not
rely solely on the exemption from the definition of “investment company” in Section 3(c)(1) and/or 3(c)(7) of the 1940 Act (although such exemptions may be available). 

(N) Covered Fund. The Borrower is not a “covered fund” under Section 13 of the Bank Holding Company Act
of 1956, as amended. 
 (O) Properties; Security Interest. The Borrower has good title to all of its properties and
assets necessary in the ordinary conduct of its business, free and clear of Liens other than Permitted Liens. Once executed and delivered, the Security Agreement and the Pledge Agreement create, as security for the Obligations, a valid and
enforceable and (coupled with this Agreement, the Lockbox Agreement and the taking of all actions required thereunder and under the Security Agreement and the Pledge Agreement and pursuant to Section 5.1(X) for perfection) perfected security
interest in and Lien on all of the Collateral, in favor of the Agent, for the benefit of the Secured Parties, superior to and prior to the rights of all third persons and subject to no other Liens, except that the Collateral may be subject to
Permitted Liens. 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (P) Subsidiaries. The Borrower does not have, and shall not have, any
Subsidiaries, and does not and shall not otherwise own or hold, directly or indirectly, any Capital Stock of any other Person. 

(Q) Valid Transfer. The Sale and Contribution Agreement creates a valid sale, transfer and/or assignment from the Seller
to the Borrower of all right title and interest of the Seller in and to the Conveyed Property in each case conveyed to the Borrower thereunder. 

(R) Purchases of Solar Loans and Solar Assets. The Borrower has given reasonably equivalent value to the Seller (which
may include additional Capital Stock in the Borrower) in consideration for the transfer to the Borrower by the Seller of the Conveyed Property conveyed to the Borrower under the Sale and Contribution Agreement, and no such transfer has been made for
or on account of an antecedent debt owed by the Seller to the Borrower. 
 (S) OFAC and Patriot Act. Neither the
Borrower nor, to the knowledge of the Borrower, any of its officers, directors or employees appears on the Specially Designated Nationals and Blocked Persons List published by the Office of Foreign Assets Control (“OFAC”) or is
otherwise a person with which any U.S. person is prohibited from dealing under the laws of the United States, unless authorized by OFAC. The Borrower does not conduct business or complete transactions with the governments of, or persons within,
any country under economic sanctions administered and enforced by OFAC. The Borrower will not directly or indirectly use the proceeds from this Agreement, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture
partner or other person to fund any activities of or business with any person that, at the time of such funding, is the subject of economic sanctions administered or enforced by OFAC, or is in any country or territory that, at the time of such
funding or facilitation, is the subject of economic sanctions administered or enforced by OFAC. The Borrower is not in violation of Executive Order No. 13224 or the Patriot Act. 

(T) Foreign Corrupt Practices Act. Neither the Borrower nor, to the knowledge of the Borrower, any of it officers,
directors, agents or employees, has used any of the proceeds of any Advance (i) for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity, (ii) to make any direct or indirect unlawful
payment to any government official or employee from corporate funds, (iii) to violate any provision of the U.S. Foreign Corrupt Practices Act of 1977 or similar law of a jurisdiction in which the Borrower conducts its business and to which they
are lawfully subject, or (iv) to make any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment. 

(U) Eligibility. Each Solar Loan listed on the Schedule of Eligible Solar Loans most recently delivered to the Agent was
an Eligible Solar Loan as of such date of delivery of such Schedule of Eligible Solar Loans. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 ARTICLE V 

COVENANTS 

Section 5.1. Affirmative Covenants. The Borrower covenants and agrees that, until all Obligations (other than
contingent obligations not then due) hereunder have been paid in full and the Commitments have been terminated: 
 (A)
Reporting Requirements. The Borrower will furnish to the Agent for delivery to each Lender and, in the case of subclause (vi) below, the Paying Agent, the Back-Up Servicer and the Transition
Manager: 
 (i) within (a) one hundred eighty (180) days after the close of each fiscal year of Parent (beginning
with the fiscal year ending December 31, 2018), the unqualified audited financial statements for such fiscal year that include the consolidated balance sheet of Parent and its consolidated subsidiaries as of the end of such fiscal year, the
related consolidated statements of income, of stockholders’ equity and of cash flows for such fiscal year, in each case, setting forth comparative figures for the preceding fiscal year, audited by a Nationally Recognized Accounting Firm
selected by Parent and in each case prepared in accordance with GAAP and (b) sixty (60) days after the end of each of each of its fiscal quarters, the unaudited consolidated balance sheets and income statements for such fiscal quarter on a
year-to-date basis for Parent and its consolidated subsidiaries; 

(ii) if, at any time, Sunnova Management is the Manager or the Servicer, but is not a subsidiary of Parent, within (a) 180
days after the end of each of its fiscal years (beginning with the fiscal year ending December 31, 2018), a copy of the unqualified audited consolidated financial statements for such year for Sunnova Management, containing financial statements
for such year prepared by a Nationally Recognized Accounting Firm selected by Sunnova Management and (b) sixty (60) days after the end of each of its fiscal quarters, the unaudited consolidated balance sheets and income statements for such
fiscal quarter on a year-to-date basis for Sunnova Management; 

(iii) promptly upon Agent’s request (but in no event earlier than sixty (60) days after the end of the relevant
fiscal quarter), the unaudited balance sheets of the Borrower as at the end of each fiscal quarter; 
 (iv) at any time that
Sunnova Management is the Manager or the Servicer, within one hundred eighty (180) days after the end of each of its fiscal years (beginning with the fiscal year ending December 31, 2018), a report to the Agent prepared by a Qualified
Service Provider (as defined in the Servicing Agreement) containing such firm’s conclusions with respect to an examination of certain information relating to Sunnova Management’s compliance with its obligations under the Transaction
Documents (including, without limitation, such 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -29- 

 
firm’s conclusions with respect to an examination of the calculations of amounts set forth in certain of Sunnova Management’s reports delivered hereunder and pursuant to the Management
Agreement and the Servicing Agreement, as applicable, during the prior calendar year and Sunnova Management’s source records for such amounts), in form and substance satisfactory to the Agent; 

(v) as soon as possible, and in any event within five (5) Business Days, after the Borrower or any of its ERISA Affiliates
knows or has reason to know that an ERISA Event has occurred, deliver to the Lenders a certificate of a responsible officer of the Borrower setting forth the details of such ERISA Event, the action that the Borrower or the ERISA Affiliate proposes
to take with respect thereto, and, when known, any action taken or threatened by the Internal Revenue Service, Department of Labor or the Pension Benefit Guaranty Corporation; 

(vi) (a) promptly, and in any event within five (5) Business Days, after a Responsible Officer of the Borrower, the
Seller, the Servicer (if it is an Affiliate of the Borrower), the Manager (if it is an Affiliate of the Borrower) or the Parent obtains knowledge thereof, notice of the occurrence of any event that constitutes an Event of Default, a Potential
Default, an Amortization Event or a Potential Amortization Event, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto, (b) promptly, and in any event
within five (5) Business Days after a Responsible Officer of any of the Borrower, the Seller, the Servicer (if it is an Affiliate of the Borrower), the Manager (if it is an Affiliate of the Borrower) or the Parent obtains knowledge thereof,
notice of any other development concerning any litigation, governmental or regulatory proceeding (including environmental law) or labor matter (including ERISA Event) pending or threatened in writing against the Borrower and (c) promptly, and
in any event within five (5) Business Days after a Responsible Officer of the Borrower, the Seller, the Servicer (if it is an Affiliate of the Borrower), the Manager (if it is an Affiliate of the Borrower) or the Parent obtains knowledge
thereof, notice of the occurrence of any event that constitutes a default, an event of default, or any event that would permit the acceleration of any obligation under a Sunnova Credit Facility; 

(vii) promptly, and in any event within five (5) Business Days, after receipt thereof by any of the Borrower, the Seller,
the Servicer (if it is an Affiliate of the Borrower), the Manager (if it is an Affiliate of the Borrower) or the Parent, copies of all material notices, requests, and other documents (excluding regular periodic reports) delivered or received by the
Borrower under or in connection with the Sale and Contribution Agreement; and 
 (viii) promptly, and in any event within
five (5) Business Days, after receipt thereof by any of the Borrower, the Seller, the Servicer (if it is an Affiliate of the Borrower), the Manager (if it is an Affiliate of the Borrower) or the Parent, copies of all notices and other documents
delivered or received by the Borrower with respect to any material tax Liens on Solar Assets (either individually or in the aggregate). 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 (B) Solar Loan Reporting. The Borrower shall enforce the provisions
of the Servicing Agreement and the Management Agreement which require the Manager to deliver any reports and which require the Servicer to furnish, in each case to the Agent, each Funding Agent, the Back-Up
Servicer, the Transition Manager, and the Paying Agent: 
 (i) the Monthly Servicer Report pursuant to and in accordance with
the terms of the Servicing Agreement (including a Borrowing Base Certificate setting forth detailed calculations of the Borrowing Base); and 

(ii) on the Scheduled Commitment Termination Date, an updated A-2 Custodial
Certification confirming that all Solar Loan Contracts in electronic form are in the possession of the Custodian. 
 (C)
UCC Matters; Protection and Perfection of Security Interests. The Borrower agrees to notify the Agent in writing of any change (i) in its legal name, (ii) in its identity or type of organization or corporate structure, and
(iii) in the jurisdiction of its organization in each case, within ten (10) days of such change. In addition, the Borrower agrees to promptly notify the Agent in writing if any eVault is terminated or the underlying control arrangements
for any eVault are changed in any manner that could be adverse to the Agent control party or to the Lenders and if any authoritative electronic copies of Solar Loans stored therein are no longer held within an eVault or are otherwise removed from an
eVault, in each case no later than one (1) Business Day prior to the occurrence thereof. The Borrower agrees that from time to time, at its sole cost and expense, it will promptly execute and deliver all further instruments and documents, and
take all further action necessary or reasonably required by the Agent (a) to complete all assignments from the Seller to the Borrower under the Sale and Contribution Agreement, (b) to perfect, protect or more fully evidence the
Agent’s security interest in the Solar Loans and the related Solar Assets acquired by the Borrower under the Sale and Contribution Agreement, and (c) to enable the Agent to exercise or enforce any of its rights hereunder, under the
Security Agreement or under any other Transaction Document. Without limiting the Borrower’s obligation to do so, the Borrower hereby irrevocably authorizes the filing of such financing or continuation statements, or amendments thereto or
assignments thereof, and such other instruments or notices, as may be necessary or reasonably required by the Agent. The Borrower hereby authorizes the Agent to file one or more financing or continuation statements, and amendments thereto and
assignments thereof, naming the Borrower as debtor, relative to all or any of the Collateral now existing or hereafter arising without the signature of the Borrower where permitted by law. A carbon, photographic or other reproduction of the Security
Agreement or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 (D) Access to Certain Documentation and Information Regarding the
Eligible Solar Loans and Related Solar Assets. The Borrower shall permit (and, as applicable, the Manager, the Servicer, the Back-Up Servicer, the Transition Manager, and the Custodian shall permit) the
Agent (and, as applicable, the Custodian) or its duly authorized representatives or independent contractors, upon reasonable advance notice to the Borrower (and, as applicable, the Manager, the Servicer, the
Back-Up Servicer, the Transition Manager, and the Custodian), (i) access to documentation that the Borrower, the Manager, the Servicer, the Back-Up Servicer, the
Transition Manager, or the Custodian, as applicable, may possess regarding the Eligible Solar Loans and the related Solar Assets, (ii) to visit the Borrower, the Manager, the Servicer, the Back-Up
Servicer, the Transition Manager, or the Custodian, as applicable, and to discuss their respective affairs, finances and accounts (as they relate to their respective obligations under this Agreement and the other Transaction Documents) with the
Borrower, the Manager, the Servicer, the Back-Up Servicer, the Transition Manager, or the Custodian, as applicable, their respective officers, and independent accountants (subject to such accountants’
customary policies and procedures), and (iii) to examine the books of account and records of the Borrower, the Custodian, the Back-Up Servicer, the Transition Manager, the Servicer or the Manager, as
applicable as they relate to the Eligible Solar Loans and the related Solar Assets, to make copies thereof or extracts therefrom, in each case at such reasonable times and during regular business hours of the Borrower, the Custodian, the Back-Up Servicer, the Transition Manager, the Servicer or the Manager, as applicable. The frequency of the granting of such access, such visits and such examinations, and the party to bear the expense thereof, shall
be governed by the provisions of Section 7.13 with respect to the reviews of the Borrower’s business operations described in such Section 7.13. The Agent (and, as applicable, the Custodian) shall and shall cause its representatives or
independent contractors to use commercially reasonable efforts to avoid interruption of the normal business operations of the Borrower, the Custodian, the Back-Up Servicer, the Transition Manager, the Servicer
or the Manager, as applicable. Notwithstanding anything to the contrary in this Section 5.1(D), (i) none of the Borrower, the Custodian, the Back-Up Servicer, the Transition Manager, the Servicer or
the Manager will be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter that (x) constitutes
non-financial trade secrets or non-financial proprietary information, (y) in respect of which disclosure to the Agent or any Lender (or their respective
representatives or contractors) is prohibited by law or any binding confidentiality agreement, or (z) is subject to attorney-client or similar privilege or constitutes attorney work product, (ii) the
Borrower shall have the opportunity to participate in any discussions with the Borrower’s independent accountants and (iii) absent the occurrence and continuance of an Event of Default or Amortization Event, the Agent (and, as applicable,
the Custodian) or its duly authorized representatives or independent contractors shall not be permitted to visit the Back-Up Servicer more than once during any given twelve (12) month period. 

(E) Existence and Rights; Compliance with Laws. The Borrower shall preserve and keep in full force and effect its
limited liability company existence, and any material rights, permits, patents, franchises, licenses and qualifications. The Borrower 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -32- 

 
shall comply with all applicable laws and maintain in place all permits, licenses, approvals and qualifications required for it to conduct its business activities to the extent that the lack of
compliance thereof would result in a Material Adverse Effect. 
 (F) Books and Records. The Borrower shall maintain,
and cause (if any are Affiliates of the Borrower) the Manager and the Servicer to maintain, proper and complete financial and accounting books and records. The Borrower shall maintain with respect to Eligible Solar Loan accounts and records as to
each Eligible Solar Loan that are proper, complete, accurate and sufficiently detailed so as to permit (i) the reader thereof to know as of the most recently ended calendar month the status of each Eligible Solar Loan including payments made
and payments owing (and whether or not such payments are past due), and (ii) reconciliation of payments on each Eligible Solar Loan and the amounts from time to time deposited in respect thereof in the Lockbox Account or the Collection Account.

 (G) Taxes. The Borrower shall pay when due all Taxes imposed upon it or any of its respective properties or which
it is required to withhold and pay over, and provide evidence of such payment to the Agent if requested; provided, however, that the Borrower shall not be required to pay any such Tax that is being contested in good faith by proper actions
diligently conducted if (i) it has maintained adequate reserves with respect thereto in accordance with GAAP and (ii) in the case of a Tax that has or may become a Lien against any of the Collateral, such proceedings conclusively operate
to stay the sale of any portion of the Collateral to satisfy such Tax. 
 (H) Maintenance of Properties. The Borrower
shall ensure that its material properties and equipment used or useful in its business in whomsoever’s possession they may be, are kept in reasonably good repair, working order and condition, normal wear and tear excepted, and that from time to
time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, in each case, to the extent and in the manner customary for companies in
similar businesses. 
 (I) ERISA. The Borrower shall deliver to the Agent such certifications or other evidence from
time to time prior to the repayment of all Obligations and the termination of all Commitments, as requested by the Agent in its sole discretion, that (i) the Borrower is not an “employee benefit plan” as defined in
Section 3(3) of ERISA, which is subject to Title I of ERISA or a plan within the meaning of Section 4975 of the Internal Revenue Code, or a “governmental plan” within the meaning of Section 3(32) of ERISA, (ii) the
Borrower is not subject to state statutes regulating investments and fiduciary obligations with respect to governmental plans, and (iii) the assets of the Borrower do not constitute “plan assets” within the meaning of 29 C.F.R. Section 2510.3-101, as modified in application by Section 3(42) of ERISA of any “benefit plan investor” as defined in Section 3(42) of ERISA. 

(J) Use of Proceeds. The Borrower will only use the proceeds of any Advance as permitted under Section 2.3. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (K) Change of State of Organization; Collections; Names, Etc.
(i) In respect of the Seller, the Servicer and the Manager (if any are Affiliates of the Borrower), the Borrower shall notify the Agent, the Paying Agent, the Back-Up Servicer, the Transition Manager,
and the Custodian in writing of any change (a) in such entity’s legal name, (b) in such entity’s identity or type of organization or corporate structure, or (c) in the jurisdiction of such entity’s organization, in each
case, within ten (10) days of such change; and 
 (ii) In the event that the Borrower or any Affiliated Entity thereof
receives any Collections relating to any Eligible Solar Loans or related Solar Assets directly, the Borrower shall hold, or cause such Affiliated Entity to hold, all such Collections in trust for the benefit of the Secured Parties and deposit, or
cause such Affiliated Entity to deposit, such Collections into the Collection Account, as soon as practicable, but in no event later than two (2) Business Days after its receipt thereof. 

(L) Insurance. The Borrower shall maintain or cause to be maintained, at its own expense, insurance coverage (i) by
such insurers and in such forms and amounts and against such risks as are generally consistent with the insurance coverage maintained by the Borrower as of the Closing Date and to the extent commercially obtainable or (ii) as is customary,
reasonable and prudent in light of the size and nature of the Borrower’s business as of any date after the Closing Date. The Borrower shall be deemed to have complied with this provision if one of its Affiliates has such policy coverage and, by
the terms of any such policies, the coverage afforded thereunder extends to the Borrower and the Seller. Upon the request of the Agent at any time subsequent to the Closing Date, the Borrower shall cause to be delivered to the Agent, a certification
evidencing the Borrower’s and the Seller’s coverage under any such policies. 
 (M) Maintenance of Independent
Director. The Borrower shall maintain at least one individual to serve as an independent director (the “Independent Director”) of the Borrower, (i) which is not, nor at any time during the past six (6) years has been,
(a) a direct or indirect beneficial owner, a partner (whether direct, indirect or beneficial), customer or supplier of the Borrower or any of its Affiliates, (b) a manager, officer, employee, member, stockholder, director, creditor,
Affiliate or associate of the Borrower or any of its Affiliates (other than as an independent officer, director, member or manager acting in a capacity similar to that set forth herein), (c) a person related to, or which is an Affiliate of, any
person referred to in clauses (a) or (b), or (d) a trustee, conservator or receiver for any Affiliate of the Borrower or any of its Affiliates, (ii) which shall have had prior experience as an independent director for a corporation or
limited liability company whose charter documents required the unanimous consent of all independent directors thereof before such corporation or limited liability company could consent to the institution of bankruptcy or insolvency proceedings
against it or could file a petition seeking relief under any applicable federal or state law relating to bankruptcy, and (iii) which shall have at least three (3) years of employment experience with one or more entities with a national
reputation and presence that provide, in the ordinary course of their respective businesses, advisory, management or placement services to issuers of securitization or structured finance instruments, agreements or securities, and is currently
employed by such an entity. 
  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -34- 

 (N) The Sale and Contribution Agreement. The Borrower shall make such
reasonable requests for information and reports or for action under the Sale and Contribution Agreement to the Seller as the Agent may reasonably request to the extent that the Borrower is entitled to do the same thereunder. 

(O) Acquisitions from the Seller. With respect to each Solar Loan and the related Solar Assets, the Borrower shall
(i) acquire ownership thereof from the Seller pursuant to and in accordance with the terms of the Sale and Contribution Agreement, (ii) take all action necessary to perfect, protect and more fully evidence such ownership, including
(a) filing and maintaining effective financing statements (Form UCC-1) naming the Seller, as debtor, the Borrower, as secured party, and the Agent, as assignee, in all necessary filing offices, and filing
continuation statements, amendments or assignments with respect thereto in such filing offices and (b) executing or causing to be executed such other instruments or notices as may be necessary or reasonably requested by the Agent, and
(iii) take all additional action that the Agent may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement. 

(P) Maintenance of Separate Existence. The Borrower shall take all reasonable steps to continue its identity as a
separate legal entity and to make it apparent to third Persons that it is an entity with assets and liabilities distinct from those of the Affiliated Entities or any other Person, and that it is not a division of any of the Affiliated Entities or
any other Person. In that regard the Borrower shall: 
 (i) maintain its limited liability company existence and make
independent decisions with respect to its daily operations and business affairs and, other than pursuant to the terms of the limited liability company agreement of the Borrower, not be controlled in making such decisions by any other Affiliated
Entity or any other Person; 
 (ii) maintain its assets in a manner which facilitates their identification and segregation
from those of any of the other Affiliated Entities; 
 (iii) except as expressly otherwise permitted hereunder, conduct all
intercompany transactions with the other Affiliated Entities on terms which the Borrower reasonably believes to be on an arm’s length basis; 

(iv) not guarantee any obligation of any of the other Affiliated Entities, nor have any of its obligations guaranteed by any
other Affiliated Entity or hold itself out as responsible for the debts of any other Affiliated Entity or for the decisions or actions with respect to the business and affairs of any other Affiliated Entity; 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -35- 

 (v) except as expressly otherwise permitted hereunder or contemplated under
any of the other Transaction Documents, not permit the commingling or pooling of its funds or other assets with the assets of any other Affiliated Entity; 

(vi) maintain separate deposit and other bank accounts to which no other Affiliated Entity has any access; 

(vii) compensate (either directly or through reimbursement of its allocable share of any shared expenses) all employees,
consultants and agents, and Affiliated Entities, to the extent applicable, for services provided to the Borrower by such employees, consultants and agents or Affiliated Entities, in each case, either directly from the Borrower’s own funds or
indirectly through documented capital contributions from the Parent, Intermediate Holdco, the Seller or any other direct or indirect parent of the Borrower; 

(viii) have agreed with each of the other relevant Affiliated Entities to allocate among themselves, through documented
intercompany transactions, including documented capital contributions from the Parent, Intermediate Holdco, the Seller or any other direct or indirect parent of the Borrower, shared overhead and corporate operating services and expenses which are
not reflected in documentation in connection with a Takeout Transaction (including the services of shared employees, consultants and agents and reasonable legal and auditing expenses) on the basis of actual use or the value of services rendered, and
otherwise on a basis reasonably related to actual use or the value of services rendered; 
 (ix) pay for its own account,
directly from the Borrower’s own funds or indirectly through documented capital contributions from any of the Parent, Intermediate Holdco, the Seller or any other direct or indirect parent of the Borrower, for accounting and payroll services,
rent, lease and other expenses (or its allocable share of any such amounts provided by one or more other Affiliated Entity) and not have such operating expenses (or the Borrower’s allocable share thereof) paid by any of the Affiliated Entities;
provided, that the Parent or another Affiliated Entity shall be permitted to pay the initial organizational expenses of the Borrower; 

(x) conduct its business (whether in writing or orally) solely in its own name through its duly authorized officers, employees
and agents, including the Manager and the Servicer; 
 (xi) not make or declare any distributions of cash or property to the
holders of its equity securities or make redemptions or repurchases of its equity securities, in either case, on a periodic basis any more frequently than monthly or otherwise, in certain other irregular cases, in accordance with appropriate
corporate formalities and consistent with sound business judgment; and all such distributions, redemptions or repurchases shall only be permitted hereunder to the extent that no Event of Default then exists or would result therefrom; and 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -36- 

 (xii) otherwise practice and adhere to corporate formalities such as
complying with its organizational documents and member and manager resolutions, the holding of regularly scheduled meetings of members and managers, and maintaining complete and correct books and records and minutes of meetings and other proceedings
of its members and managers. 
 (Q) Updates to Account Schedule. Schedule II attached hereto shall be updated by
the Borrower and delivered to the Agent immediately to reflect any changes as to which the notice and other requirements specified in Section 5.2(K) have been satisfied. 

(R) Deposits into the Accounts. (i) The Borrower shall deposit or cause to be deposited all Collections directly
into the Lockbox Account, the Collection Account or, in the case of proceeds of a Takeout Transaction, into the Takeout Transaction Account. 

(ii) The Borrower shall direct, or cause to be directed, all Obligors to make all payments of any Eligible Solar Loans
directly into the Lockbox Account; 
 (iii) The Borrower shall not deposit into or otherwise credit (or cause to be deposited
or credited), or consent to or fail to object to any such deposit or credit of, cash or cash proceeds other than Collections of Eligible Solar Loans into the Collection Account or the Lockbox Account. 

(S) Hedging. The Borrower shall at all times satisfy the Hedge Requirements. 

(T) Lockbox Account. If, at any time, the Lockbox Bank withdraws funds from the Lockbox Account to pay amounts owed to
the Lockbox Bank pursuant to the Lockbox Agreement and such withdrawal reduces the amounts on deposit in such Lockbox Account below the Required Lockbox Reserve Amount (such deficit, the “Lockbox Bank Withdrawn Amount”), the
Borrower shall promptly thereafter deposit or cause to be deposited into the Lockbox Account an amount equal to the Lockbox Bank Withdrawn Amount in accordance with Section 2.7(B)(xvi) or otherwise. 

(U) Notice to Seller. The Borrower shall promptly notify the Seller of a breach of Section 4.1(U) and shall require
the Seller to cure such breach or pay the Refund Price for such Defective Solar Loan pursuant to and in accordance with the Sale and Contribution Agreement; provided, that notwithstanding anything contained in the Sale and Contribution
Agreement to the contrary, upon the occurrence and continuance of an Amortization Event or an Event of Default, the Borrower shall require the Seller to pay the Refund Price solely in cash. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (V) Update to Eligible Solar Loans. The Borrower shall promptly
notify the Servicer, the Back-Up Servicer, the Manager and the Agent in writing of any additions or deletions to the Schedule of Eligible Solar Loans. 

(W) Deviations from Approved Forms. The Borrower shall provide or shall cause the Seller to provide all proposed forms
of Solar Loan Contracts and Ancillary Solar Agreements which deviate in any material respect from the Approved Forms (each such form a “Proposed Form”) to the Borrower, the Seller, and the Agent and shall provide notice to such
parties regarding the cessation of a form of Solar Loan Contract or Ancillary Solar Agreement attached hereto as Exhibit H or previously delivered hereunder. The Agent shall use its best efforts to notify the Seller in writing within ten
(10) Business Days of receipt of such objection or approval of the terms of such updated form. Upon the written consent of the Agent, such consent not to be unreasonably withheld or delayed, Exhibit H shall be amended to include such Proposed
Form as a Solar Loan Contract or Ancillary Solar Agreement, as applicable, in addition to the other forms attached or previously delivered. 

Section 5.2. Negative Covenants. The Borrower covenants and agrees that, until all Obligations (other than
contingent obligations not then due) hereunder have been paid in full and the Commitments have been terminated, the Borrower will not: 

(A) Business Activities. Conduct any business other than: 

(i) the acquisition from time to time of any or all right, title and (direct or indirect) interest in and to (a) Solar
Loans, the related Solar Assets and all rights and interests thereunder or relating thereto pursuant to the Sale and Contribution Agreement or (b) any assets from another Borrower; 

(ii) the conveyance from time to time to the Seller of any or all right, title and (direct or indirect) interest in and to the
Solar Loans and the related Solar Assets and all rights and interests thereunder or relating thereto pursuant to the Sale and Contribution Agreement; 

(iii) the conveyance by the Borrower from time to time of (a) Solar Loans and the related Solar Assets in connection with
a Takeout Transaction or (b) so long as no Event of Default or Borrowing Base Deficiency exists or would result therefrom (after giving effect to any assignment of additional Eligible Solar Loans to Borrower on the date of such distribution)
and such conveyance was not made with the intent to cause any adverse selection with respect to the Collateral, Solar Loans and the related Solar Assets then not included on the Schedule of Eligible Solar Loans and that do not satisfy the criteria
set forth in the definition of “Eligible Solar Loans” or SRECs that are in each case either (1) sold in an arm’s length transaction for fair market value with no material recourse to the Borrower (except that such assets are
being conveyed by it free and clear of Liens) and the proceeds from which are deposited into the Collection Account or (2) distributed by the Borrower to the Seller; 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 (iv) the execution and delivery by the Borrower from time to time of
purchase agreements, in form and substance satisfactory to the Agent, related to the sale of securities by the Borrower or any of its Affiliates in connection with a Takeout Transaction; 

(v) the performance by the Borrower of all of its obligations under the aforementioned agreements and under this Agreement and
any documentation related thereto; 
 (vi) the preparation, execution and delivery of any and all other documents and
agreements as may be required in connection with the performance of the activities of the Seller and the Borrower approved above; and 

(vii) to engage in any lawful act or activity and to exercise any powers permitted under the Delaware Limited Liability Company
Act that are reasonably related, incidental, necessary, or advisable to accomplish the foregoing. 
 Notwithstanding the
foregoing, after the Closing Date and at any time on or prior to the earlier of (a) the Commitment Termination Date and (b) the date on which all Obligations (other than contingent obligations not then due) of the Borrower hereunder have
been paid in full and the Commitments have been terminated, the Borrower shall not, without the prior written consent of the Agent, (1) purchase or otherwise acquire any Solar Loans and the related Solar Assets, or interests therein, except for
acquisitions from the Seller pursuant to and in accordance with the Sale and Contribution Agreement, (2) convey or otherwise dispose of any Solar Loans (and any related Solar Assets), or interests therein, other than (x) in accordance with
Section 5.2(A)(iii) or 5.2(E) or (y) to the Seller pursuant to the Sale and Contribution Agreement, or (3) establish any Subsidiaries. 

(B) Sales, Liens, Etc. Sales, Liens, Etc. Except as permitted hereunder (i) sell, assign (by operation of
law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien upon or with respect to, any Eligible Solar Loans or Collections, or upon or with respect to the Collection Account or the Lockbox Account or any other account owned by
or in the name of the Borrower to which any Collections are sent, or assign any right to receive income in respect thereof, or (ii) create or suffer to exist any Lien upon or with respect to any of its properties, whether now owned or hereafter
acquired, or assign any right to receive income, to secure or provide for the payment of any Indebtedness of any Person or for any other reason; provided that notwithstanding anything to the contrary herein, this Section 5.2(B) shall not
prohibit any Lien that constitutes a Permitted Lien nor prohibit any sale, assignment or disposition of Solar Loans that is permitted under Section 5.2(A)(iii) (including Collections related to such Solar Loans and not yet
distributed pursuant to Section 2.7(B)). 
 (C) Indebtedness. Incur or assume any Indebtedness, except Permitted
Indebtedness. 
  
 [***] = Certain confidential information contained in this document,
marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (D) Loans and Advances. Make any loans or advances to any Person.

 (E) Dividends, Etc. Declare or make any dividend payment or other distribution of assets, properties, cash, rights,
obligations or securities on account of any interest in the Borrower, or purchase, redeem or otherwise acquire for value any interest in the Affiliated Entities or any rights or options to acquire any such interest, except: 

(i) distributions of cash by the Borrower from the Borrower’s Account in accordance with this Agreement; 

(ii) transfers, dividends or other distributions of Transferable Solar Loans and the related Solar Assets to the Seller
pursuant to the Sale and Contribution Agreement; 
 (iii) transfers of Solar Loans and related Solar Assets to the Seller
pursuant to the Sale and Contribution Agreement or of Solar Loans and related Solar Assets then not included on the Schedule of Eligible Solar Loans and that do not satisfy the criteria set forth in the definition of “Eligible Solar Loans”
(including Collections related thereto and not yet distributed pursuant to Section 2.07(B)) that are permitted under Section 5.2(A)(iii); 

(iv) distributions of SRECs to the Seller; 

provided, that the distributions described in subsection (i) of clause (E) shall not be permitted if either an Event of
Default or Potential Default would result therefrom unless all outstanding Obligations (other than contingent liabilities for which no claims have been asserted) have been irrevocably paid in full with all accrued but unpaid interest thereon and any
related Liquidation Fees. 
 (F) Mergers, Etc. Merge or consolidate with or into, or convey, transfer, lease or
otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to, or acquire all or substantially all of the assets of, any Person, except for the
acquisition or sale of Solar Loans and the related Solar Assets and similar property pursuant to the Sale and Contribution Agreement, or pursuant to a Takeout Transaction or where all the Advances associated with such Solar Loans and related
Obligations have been paid in full with all accrued but unpaid interest thereon and any related Liquidation Fees. 
 (G)
Investments. Make any investment of capital in any Person either by purchase of stock or securities, contributions to capital, property transfer or otherwise or acquire or agree to acquire by any manner any business of any Person. 

(H) Change in Organizational Documents. Amend, modify or otherwise change any of the terms or provisions in its
organizational documents as in effect on the date hereof without the consent of the Agent and the Majority Lenders. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 (I) Transactions with Affiliates. Enter into, or be a party to, any
transaction with any of its Affiliates, except (i) the transactions contemplated by the Transaction Documents or any similar conveyance agreement entered into in connection with a Takeout Transaction, (ii) any other transactions (including
the lease of office space or computer equipment or software by the Borrower from an Affiliate and the sharing of employees and employee resources and benefits) (a) in the ordinary course of business or as otherwise permitted hereunder,
(b) pursuant to the reasonable requirements and purposes of the Borrower’s business, (c) upon fair and reasonable terms (and, to the extent material, pursuant to written agreements) that are consistent with market terms for any such
transaction, and (d) permitted by Sections 5.2(B), (C), (E) or (F), (iii) employment and severance arrangements and health, disability and similar insurance or benefit plans between the Borrower and its directors, officers, employees
in the ordinary course of business, and (iv) the payment of customary fees and reasonable out of pocket costs to, and indemnities provided on behalf of, directors, managers, consultants, officers and employees of any parent entity of the
Borrower or the Borrower to the extent attributable to the ownership or operation of the Borrower. 
 (J) Addition,
Termination or Substitution of Accounts. Add, terminate or substitute, or consent to the addition, termination or substitution of, the Lockbox Account, the Collection Account, the Liquidity Reserve Account, the Equipment Replacement Reserve
Account or the Takeout Transaction Account unless, (i) the Agent shall have consented thereto after having received at least thirty (30) days’ prior written notice thereof and (ii) prior to directing any Obligor to remit Obligor
Payments thereto, all actions requested by the Agent to protect and perfect the interest of the Secured Parties in the Collections in respect of the affected Eligible Solar Loans have been taken and completed. Notwithstanding the foregoing, the
Borrower neither has nor shall have any control over the Lockbox Account, the Collection Account, the Liquidity Reserve Account, the Equipment Replacement Reserve Account or the Takeout Transaction Account. 

(K) Collections. (i) Deposit at any time Collections into any bank account other than the Lockbox Account or the
Collection Account, (ii) make any change to the payment instructions to any Obligor or direct any Obligor to make any Obligor Payments to any other destination other than the Lockbox Account, or (iii) permit the assets of any Person (other
than the Borrower) to be deposited into the Lockbox Account or the Collection Account. 
 (L) Amendments to Transaction
Documents. Without the consent of the Agent, amend, modify or otherwise change any of the terms or provisions of any Transaction Document other than (i) supplements identifying Solar Loans to be transferred in connection with each transfer
of Solar Loans and the related Solar Assets from time to time in accordance with the Sale and Contribution Agreement or this Agreement, (ii) amendments, supplements or other changes in accordance with the terms of the applicable Transaction
Document, and (iii) amendments, supplements or other changes with respect to exhibits and schedules to any Transaction Document that would not reasonably be expected to have a material adverse effect on the value, enforceability, or
collectability of the Collateral or adversely affect Collections. 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 ARTICLE VI 

EVENTS OF DEFAULT 

Section 6.1. Events of Default. The occurrence of any of the following specified events shall constitute an
event of default under this Agreement (each, an “Event of Default”): 
 (A) Non-Payment. (i) The Borrower shall fail to make any required payment of principal when due hereunder and such failure shall continue unremedied for (x) in the case of a mandatory prepayment under
Section 2.9 in connection with a Borrowing Base Deficiency, upon expiration of the applicable cure period specified in Section 6.1(H) and (y) in the case of any other payment of principal, two (2) Business Days after the day such
payment is due, or (ii) the Borrower shall fail to make any required payment of interest when due hereunder and such failure shall continue unremedied for two (2) Business Days after the day such payment is due, or (iii) the Borrower
shall fail to pay the aggregate outstanding principal balance of all Advances made to the Borrower on the Commitment Termination Date, or (iv) the Borrower shall fail to make any required payment on any other Obligation when due hereunder or
under any other Transaction Document and such failure under this subclause (iv) shall continue unremedied for five (5) Business Days after the earlier of (a) written notice of such failure shall have been given to the Borrower by the
Agent or any Lender or (b) the date upon which a Responsible Officer of the Borrower obtained knowledge of such failure. 

(B) Representations. Any representation or warranty made or deemed made by the Borrower or the Seller herein or
in any other Transaction Document (after giving effect to any qualification as to materiality set forth therein, if any) shall prove to have been inaccurate in any material respect when made and such defect, to the extent it is capable of being
cured, is not cured within thirty (30) days from the earlier of the date of receipt by the Borrower or the Seller, as the case may be, of written notice from the Agent of such failure by the Borrower or the Seller, as the case may be or the
date upon which a Responsible Officer of the Borrower or the Seller, as the case may be, obtained knowledge of such failure; provided that a breach of any representation or warranty made by the Borrower under Section 4.1(U) or Seller in
Section 6(b) of the Sale and Contribution Agreement shall be excluded if either (i) the Seller has cured or reimbursed any applicable Refund Price under the Sale and Contribution Agreement in cash or (ii) the Seller assigns additional
Eligible Solar Loans to Borrower within five (5) Business Days of the date on which the Borrower discovers or receives notice that a breach of representation or warranty made by the Borrower under Section 4.1(U) or Seller in
Section 6(b) of the Sale and Contribution Agreement has occurred so long as any Borrowing Base Deficiency existing and continuing as a result of such breach is cured prior to the time frame set forth in Section 6.1(H), after giving effect
to such assignment of additional Eligible Solar Loans to Borrower. 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (C) Covenants. (i) The Borrower shall fail to perform or observe
its covenant under Section 5.1(X), or (ii) the Borrower or the Seller shall fail to perform or observe any other term, covenant or agreement contained in this Agreement or in any other Transaction Document which has not been cured within
thirty (30) days from the earlier of the date of receipt by the Borrower or the Seller, as the case may be, of written notice from the Agent of such failure by the Borrower, the Manager or the Seller, as the case may be, of such failure. 

(D) Validity of Transaction Documents. This Agreement or any other Transaction Document shall (except in accordance with
its terms), in whole or in part, cease to be (i) in full force and effect and/or (ii) the legally valid, binding and enforceable obligation of the Borrower or the Seller. 

(E) Insolvency Event. An Insolvency Event shall have occurred with respect to Parent, the Seller or the Borrower. 

(F) Breach of Parent Guaranty. Any failure by Parent to perform under the Parent Guaranty; provided that a breach
by Parent of the Financial Covenants is not an Event of Default hereunder. 
 (G) ERISA Event. Either (i) any
ERISA Event shall have occurred or (ii) the assets of the Borrower become subject to Title I of ERISA, Section 4975 of the Internal Revenue Code, or, by reason of any investment in the Borrower by any governmental plan, as the case may be,
any other federal, state, or local provision similar to Section 406 of ERISA or Section 4975 of the Internal Revenue Code. 

(H) Borrowing Base Deficiency. (i) A Borrowing Base Deficiency in an aggregate amount equal to or less than
$1,000,000 continues for more than five (5) Business Days or (ii) a Borrowing Base Deficiency in an aggregate amount greater than $1,000,000 continues for more than three (3) Business Days. 

(I) Security Interest. The Agent, for the benefit of the Lenders, ceases to have a first priority perfected security
interest in Collateral having a value in excess of $150,000 and such failure shall continue unremedied for more than five (5) Business Days unless such Liens with a higher priority than Agent’s Liens are Permitted Liens;
provided that if such cessation in security interest is due to the Agent’s actions, then no Event of Default shall be deemed to occur under this Section 6.1(I). 

(J) Judgments. There shall remain in force, undischarged, unsatisfied, and unstayed for more than thirty
(30) consecutive days, any final non-appealable judgment against any Borrower in excess of $250,000 over and above the amount of insurance coverage available from a financially sound insurer that has not
denied coverage. 
 (K) 1940 Act. The Borrower becomes, or becomes controlled by, an entity required to register as an
“investment company” under the 1940 Act. 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -43- 

 (L) Reserve Account Shortfall. Amounts on deposit in the Liquidity
Reserve Account are at any time less than the Liquidity Reserve Account Required Balance and such deficit is not cured on the earlier of the next Borrowing Date or the next Payment Date or the Borrower fails to deposit the Equipment Replacement
Reserve Deposit in the Equipment Replacement Reserve Account in accordance with Section 2.7 as of any Payment Date and such failure is not cured on the earlier of the next Borrowing Date or the next Payment Date. 

(M) Hedging. Failure of the Borrower to maintain Hedge Agreements satisfying the Hedge Requirements and such failure
continues for five (5) Business Days or any Hedge Counterparty ceases to be a Qualifying Hedge Counterparty and such Hedge Counterparty is not replaced with a Qualifying Hedge Counterparty within ten Business Days. 

(N) Change of Control. The occurrence of a Change of Control. 

(O) [Reserved]. 

(P) Cross Default. The occurrence of an event of default under any other financing agreement entered into by the
Borrower or the Seller. 
 Section 6.2. Remedies. If any Event of Default shall then be continuing, the
Agent (i) may, in its discretion, or (ii) shall, upon the written request of the Majority Lenders, by written notice to the Borrower and the Lenders, take any or all of the following actions, without prejudice to the rights of the Agent or
any Lender to enforce its claims against the Borrower in any manner permitted under applicable law: 
 (A) declare the
Commitments terminated, whereupon the Commitment of each Lender shall forthwith terminate immediately without any other notice of any kind; or 

(B) declare the principal of and any accrued interest in respect of all Advances and all other Obligations owing hereunder and
thereunder to be, whereupon the same shall become, immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; provided, that, upon the occurrence of an
Insolvency Event with respect to the Borrower, the principal of and any accrued interest in respect of all Advances and all other Obligations owing hereunder shall be immediately due and payable and the Commitments shall be immediately terminated
without any notice to the Borrower or Lenders; 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -44- 

 (C) if the Manager is Sunnova Management, replace the Manager with a
Successor Manager in accordance with the Management Agreement; 
 (D) if the Servicer is Sunnova Management, replace the
Servicer with a Successor Servicer in accordance with the Servicing Agreement; and/or 
 (E) foreclose on and liquidate the
Solar Loans and the related Solar Assets owned by Borrower and pursue all other remedies available under the Security Agreement. 

ARTICLE VII 

THE AGENT AND FUNDING AGENTS 

Section 7.1. Appointment; Nature of Relationship. The Agent is appointed by the Funding Agents and the
Lenders (and by each Qualifying Hedge Counterparty by execution of a Qualifying Hedge Counterparty Joinder) as the Agent hereunder and under each other Transaction Document, and each of the Funding Agents and the Lenders and each Qualifying Hedge
Counterparty irrevocably authorizes the Agent to act as the contractual representative of such Funding Agent and such Lender and such Qualifying Hedge Counterparty with the rights and duties expressly set forth herein and in the other Transaction
Documents. The Agent agrees to act as such contractual representative upon the express conditions contained in this Article VII. Notwithstanding the use of the defined term “Agent,” it is expressly understood and agreed that the Agent
shall not have any fiduciary responsibilities to any Funding Agent or Lender or any Qualifying Hedge Counterparty by reason of this Agreement and that the Agent is merely acting as the representative of the Funding Agents, the Lenders and each
Qualifying Hedge Counterparty with only those duties as are expressly set forth in this Agreement and the other Transaction Documents. In its capacity as the Funding Agents’, the Lenders’ and each Qualifying Hedge Counterparty’s
contractual representative, the Agent (A) does not assume any fiduciary duties to any of the Funding Agents, the Lenders or any Qualifying Hedge Counterparty, (B) is a “representative” of the Funding Agents, the Lenders and each
Qualifying Hedge Counterparty within the meaning of Section 9-102 of the UCC as in effect in the State of New York, and (C) is acting as an independent contractor, the rights and duties of which
are limited to those expressly set forth in this Agreement and the other Transaction Documents. Each of the Funding Agents, the Lenders and each Qualifying Hedge Counterparty agree to assert no claim against the Agent on any agency theory or any
other theory of liability for breach of fiduciary duty, all of which claims each Funding Agent, each Lender and each Qualifying Hedge Counterparty waives. 

Section 7.2. Powers. The Agent shall have and may exercise such powers under the Transaction Documents as are
specifically delegated to the Agent by the terms thereof, together with such powers as are reasonably incidental thereto. The Agent shall have no implied duties or fiduciary duties to the Funding Agents, the Lenders or to any Qualifying Hedge
Counterparty, or any obligation to the Funding Agents, the Lenders or any Qualifying Hedge Counterparty to take any action hereunder or under any of the other Transaction Documents except any action specifically provided by the Transaction Documents
required to be taken by the Agent. 
  
 [***] = Certain confidential information
contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -45- 

 Section 7.3. General Immunity. Neither the Agent nor any of
its directors, officers, agents or employees shall be liable to the Borrower, the Funding Agents, the Lenders, or any Qualifying Hedge Counterparty for any action taken or omitted to be taken by it or them hereunder or under any other Transaction
Document or in connection herewith or therewith except to the extent such action or inaction is found in a final non-appealable judgment by a court of competent jurisdiction to have arisen solely from
(A) the gross negligence or willful misconduct of such Person or (B) breach of contract by such Person with respect to the Transaction Documents. 

Section 7.4. No Responsibility for Advances, Creditworthiness, Collateral, Recitals, Etc. Neither the Agent
nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into, or verify (A) any statement, warranty or representation made in connection with any Transaction Document or any
borrowing hereunder, (B) the performance or observance of any of the covenants or agreements of any obligor under any Transaction Document, (C) the satisfaction of any condition specified in Article III, except receipt of items
required to be delivered solely to the Agent, (D) the existence or possible existence of any Potential Default or Event of Default, or (E) the validity, effectiveness or genuineness of any Transaction Document or any other instrument or
writing furnished in connection therewith. The Agent shall not be responsible to any Funding Agent, any Lender or any Qualifying Hedge Counterparty for any recitals, statements, representations or warranties herein or in any of the other Transaction
Documents, for the perfection or priority of any of the Liens on any of the Collateral, or for the execution, effectiveness, genuineness, validity, legality, enforceability, collectability, or sufficiency of this Agreement or any of the other
Transaction Documents or the transactions contemplated thereby, or for the financial condition of any guarantor of any or all of the Obligations, the Borrower or any of their respective Affiliates. 

Section 7.5. Action on Instructions of Lenders. The Agent shall in all cases be fully protected in acting, or
in refraining from acting, hereunder and under any other Transaction Document in accordance with written instructions signed by the Majority Lenders, and such instructions and any action taken or failure to act pursuant thereto shall be binding on
all of the Lenders and on all holders of Loan Notes. The Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Transaction Document unless it shall first be indemnified to its satisfaction by the
Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action. 

Section 7.6. Employment of Agents and Counsel. The Agent may execute any of its duties as the Agent hereunder
and under any other Transaction Document by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Funding Agents, the Lenders or any
Qualifying Hedge Counterparty, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or
attorneys-in-fact selected by it with reasonable care. The Agent shall be entitled to advice of counsel concerning the contractual arrangement between the Agent and the
Funding Agents, the Lenders or any Qualifying Hedge Counterparty and all matters pertaining to the Agent’s duties hereunder and under any other Transaction Document. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -46- 

 Section 7.7. Reliance on Documents; Counsel. The Agent
shall be entitled to rely upon any Loan Note, notice, consent, certificate, affidavit, letter, telegram, statement, paper or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and, in
respect to legal matters, upon the opinion of counsel selected by the Agent, which counsel may be employees of the Agent. 

Section 7.8. The Agent’s Reimbursement and Indemnification. The Committed Lenders agree to reimburse and
indemnify (on a pro rata basis based on the Lender Group Percentages, as applicable) the Agent (A) for any amounts not reimbursed by the Borrower for which the Agent is entitled to reimbursement by the Borrower under the Transaction Documents,
(B) for any other expenses incurred by the Agent on behalf of the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Transaction Documents, and (C) for any liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of the Transaction
Documents or any other document delivered in connection therewith or the transactions contemplated thereby, or the enforcement of any of the terms thereof or of any such other documents, provided, that no Lender shall be liable for any of the
foregoing to the extent any of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to have arisen solely from the gross negligence or willful misconduct of the Agent.

 Section 7.9. Rights as a Lender. With respect to its Commitment and Advances made by it and the Loan
Notes (if any) issued to it, in its capacity as a Lender, the Agent shall have the same rights and powers hereunder and under any other Transaction Document as any Lender and may exercise the same as though it were not the Agent, and the term
“Lender” or “Lenders,” as applicable, shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to, and generally engage in any kind of trust,
debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Transaction Document, with the Borrower or any of its Affiliates in which such Person is not prohibited hereby from engaging with any other Person.

 Section 7.10. Lender Credit Decision. Each Lender acknowledges that it has, independently and without
reliance upon the Agent or any other Lender and based on the financial statements prepared by the Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement
and the other Transaction Documents. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to
make its own credit decisions in taking or not taking action under this Agreement and the other Transaction Documents. 

Section 7.11. Successor Agent. The Agent may resign at any time by giving written notice thereof to the
Lenders, the Funding Agents, each Qualifying Hedge Counterparty, the Custodian, the Back-Up Servicer, the Transition Manager, the Paying Agent and the Borrower, and the Agent may be removed at any time for
cause by written notice received by the Agent from all of the Lenders. Upon any such resignation or removal, the Lenders shall have the right 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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to appoint, on behalf of the Borrower and the Lenders, a successor Agent. If no successor Agent shall have been so appointed by the Lenders and shall have accepted such appointment within thirty
(30) days after the exiting Agent’s giving notice of resignation or receipt of notice of removal, then the exiting Agent may appoint, on behalf of the Borrower and the Lenders, a successor Agent (but only if such successor is reasonably
acceptable to each Lender) or petition a court of competent jurisdiction to appoint a successor Agent. Upon the acceptance of any appointment as the Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become
vested with all the rights, powers, privileges and duties of the exiting Agent, and the exiting Agent shall be discharged from its duties and obligations hereunder and under the other Transaction Documents. After any exiting Agent’s resignation
hereunder as Agent, the provisions of this Article VII shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as the Agent hereunder and under the other Transaction Documents.

 Section 7.12. Transaction Documents; Further Assurances. (A) Each Committed Lender, each Funding
Agent and each Qualifying Hedge Counterparty authorizes the Agent to enter into each of the Transaction Documents to which it is a party and each Lender, each Funding Agent and each Qualifying Hedge Counterparty authorizes the Agent to take all
action contemplated by such documents in its capacity as Agent. Each Lender, each Funding Agent and each Qualifying Hedge Counterparty agrees that no Lender, no Funding Agent and no Qualifying Hedge Counterparty, respectively, shall have the right
individually to seek to realize upon the security granted by any Transaction Document, it being understood and agreed that such rights and remedies may be exercised solely by the Agent for the benefit of the Lenders, the Funding Agents and each
Qualifying Hedge Counterparty upon the terms of the Transaction Documents. 
 (B) Any Funding Agent may (in their sole discretion and
expense), at any time, have their Advances rated by Moody’s, S&P, DBRS, Inc., A.M. Best or Kroll Bond Rating Agency, Inc. Any such rating shall not be a condition precedent to closing the credit facility or the making of the Advances
as set forth in this Agreement, nor shall any rating process or requests or any subsequent downgrade of any rating received impact the Borrower’s availability under the credit facility set forth in this Agreement. The Borrower, Sunnova
Management, the Parent and the Seller shall provide reasonable assistance to obtain such rating. For the avoidance of doubt, any such rating shall not be a condition precedent to any Advance or to the exercise of any rights of the Borrower or
Sunnova Management under this Agreement. 
 Section 7.13. Collateral Review. (A) Prior to the
occurrence of an Event of Default, the Agent and/or its designated agent may not more than one (1) time during any given twelve (12) month period (at the expense of the Borrower), upon reasonable notice, perform (i) reviews of the
Manager’s, the Servicer’s, the Seller’s and/or the Borrower’s business operations and (ii) audits of the Collateral, in all cases, the scope of which shall be determined by the Agent. 

(B) After the occurrence of an Event of Default, the Agent or its designated agent may, in its sole discretion regarding frequency (at the
expense of the Borrower), upon reasonable notice, perform (i) reviews of the Manager’s, the Servicer’s, the Seller’s and/or Borrower’s business operations and (ii) audits or any other review of the Collateral, in all
cases, the scope of which shall be determined by the Agent. 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Section 7.14. Funding Agent Appointment; Nature of
Relationship. Each Funding Agent is appointed by the Lenders in its Lender Group as their agent hereunder, and such Lenders irrevocably authorize such Funding Agent to act as the contractual representative of such Lenders with the rights and
duties expressly set forth herein and in the other Transaction Documents. Each Funding Agent agrees to act as such contractual representative upon the express conditions contained in this Article VII. Notwithstanding the use of the defined term
“Agent,” it is expressly understood and agreed that no Funding Agent shall have any fiduciary responsibilities to any Lender by reason of this Agreement and that each Funding Agent is merely acting as the representative of the Lenders in
its Lender Group with only those duties as are expressly set forth in this Agreement and the other Transaction Documents. In its capacity as the related Lenders’ contractual representative, each Funding Agent (A) does not assume any
fiduciary duties to any of the Lenders, (B) is a “representative” of the Lenders in its Lender Group within the meaning of Section 9-102 of the UCC as in effect in the State of
New York and (C) is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this Agreement and the other Transaction Documents. Each of the Lenders agrees to assert no claim against
their Funding Agent on any agency theory or any other theory of liability for breach of fiduciary duty, all of which claims each Lender waives. 

Section 7.15. Funding Agent Powers. Each Funding Agent shall have and may exercise such powers under the
Transaction Documents as are specifically delegated to such Funding Agent by the terms thereof, together with such powers as are reasonably incidental thereto. No Funding Agent shall have any implied duties or fiduciary duties to the Lenders in its
Lender Group, or any obligation to such Lenders to take any action hereunder or under any of the other Transaction Documents except any action specifically provided by the Transaction Documents required to be taken by such Funding Agent. 

Section 7.16. Funding Agent General Immunity. Neither any Funding Agent nor any of its directors, officers,
agents or employees shall be liable to the Borrower, the Lenders or any Lender for any action taken or omitted to be taken by it or them hereunder or under any other Transaction Document or in connection herewith or therewith except to the extent
such action or inaction is found in a final non-appealable judgment by a court of competent jurisdiction to have arisen solely from (A) the gross negligence or willful misconduct of such Person or
(B) breach of contract by such Person with respect to the Transaction Documents. 
 Section 7.17. Funding
Agent Responsibility for Advances, Creditworthiness, Collateral, Recitals, Etc. Neither any Funding Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into, or verify
(A) any statement, warranty or representation made in connection with any Transaction Document or any borrowing hereunder, (B) the performance or observance of any of the covenants or agreements of any obligor under any Transaction
Document, (C) the satisfaction of any condition specified in Article III, except receipt of items required to be delivered solely to the Agent, (D) the existence or possible existence of any Potential Default, Event of Default,
Potential Amortization Event or Amortization Event, or (E) the validity, effectiveness or genuineness of any Transaction Document or any other instrument or writing furnished in connection therewith. No Funding Agent shall be responsible to any
Lender for any recitals, statements, representations or warranties herein or in any of the other Transaction Documents, for the perfection or priority of 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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any of the Liens on any of the Collateral, or for the execution, effectiveness, genuineness, validity, legality, enforceability, collectability, or sufficiency of this Agreement or any of the
other Transaction Documents or the transactions contemplated thereby, or for the financial condition of any guarantor of any or all of the Obligations, the Borrower or any of their respective Affiliates. 

Section 7.18. Funding Agent Action on Instructions of Lenders. Each Funding Agent shall in all cases be fully
protected in acting, or in refraining from acting, hereunder and under any other Transaction Document in accordance with written instructions signed by each of the Lenders in its Lender Group, and such instructions and any action taken or failure to
act pursuant thereto shall be binding on all of such Lenders. Each Funding Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Transaction Document unless it shall first be indemnified to its
satisfaction by the Lenders in its Lender Group pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action. 

Section 7.19. Funding Agent Employment of Agents and Counsel. Each Funding Agent may execute any of its
duties as a Funding Agent hereunder by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Lenders in its Lender Group, except as to
money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care.
Each Funding Agent, at the expense of the Committed Lenders, shall be entitled to advice of counsel concerning the contractual arrangement between such Funding Agent and the Lenders in its Lender Group and all matters pertaining to such Funding
Agent’s duties hereunder and under any other Transaction Document. 
 Section 7.20. Funding Agent Reliance
on Documents; Counsel. Each Funding Agent shall be entitled to rely upon any Loan Note, notice, consent, certificate, affidavit, letter, telegram, statement, paper or document believed by it to be genuine and correct and to have been signed or
sent by the proper Person or Persons, and, in respect to legal matters, upon the opinion of counsel selected by such Funding Agent, which counsel may be employees of such Funding Agent. 

Section 7.21. Funding Agent’s Reimbursement and Indemnification. The Committed Lenders in each Lender
Group agree to reimburse and indemnify (on a pro rata basis based upon the applicable Lender Group Percentages) the Funding Agent in their Lender Group (A) for any amounts not reimbursed by the Borrower for which such Funding Agent is entitled
to reimbursement by the Borrower under the Transaction Documents, (B) for any other expenses incurred by such Funding Agent on behalf of the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the
Transaction Documents, and (C) for any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against
such Funding Agent in any way relating to or arising out of the Transaction Documents or any other document delivered in connection therewith or the transactions contemplated thereby, or the enforcement of any of the terms thereof or of any such
other documents, provided, that no Lender shall be liable for any of the foregoing to the extent any of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to
have arisen solely from the gross negligence or willful misconduct of such Funding Agent. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 Section 7.22. Funding Agent Rights as a Lender. With
respect to its Commitment and Advances made by it and the Loan Notes (if any) issued to it, in its capacity as a Lender, each Funding Agent shall have the same rights and powers hereunder and under any other Transaction Document as any Lender and
may exercise the same as though it were not the Agent, and the term “Lender” or “Lenders,” as applicable, shall, unless the context otherwise indicates, include such Funding Agent in its individual capacity. Each Funding Agent
may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Transaction Document, with the Borrower or any of its Affiliates
in which such Person is not prohibited hereby from engaging with any other Person. 
 Section 7.23. Funding
Agent Lender Credit Decision. Each Lender acknowledges that it has, independently and without reliance upon its Funding Agent or any other Lender and based on the financial statements prepared by the Borrower and such other documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Transaction Documents. Each Lender also acknowledges that it will, independently and without reliance upon its Funding
Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Transaction Documents. 

Section 7.24. Funding Agent Successor Funding Agent. Any Funding Agent may resign at any time by giving
written notice thereof to the Lenders in its Lender Group, the Agent and the Borrower, and such Funding Agent may be removed at any time for cause by written notice received by the Lenders in its Lender Group. Upon any such resignation or removal,
the Lenders in a Lender Group shall have the right to appoint a successor Funding Agent. If no successor Funding Agent shall have been so appointed by such Lenders and shall have accepted such appointment within thirty 30 days after the
exiting Funding Agent’s giving notice of resignation or receipt of notice of removal, then the exiting Funding Agent may appoint, on behalf of the Lenders in its Lender Group, a successor Funding Agent (but only if such successor is reasonably
acceptable to each such Lender) or petition a court of competent jurisdiction to appoint a successor Funding Agent. Upon the acceptance of any appointment as a Funding Agent hereunder by a successor Funding Agent, such successor Funding Agent shall
thereupon succeed to and become vested with all the rights, powers, privileges and duties of the exiting Funding Agent, and the exiting Funding Agent shall be discharged from its duties and obligations hereunder and under the other Transaction
Documents. After any exiting Funding Agent’s resignation hereunder as Funding Agent, the provisions of this Article VII shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was
acting as the Funding Agent hereunder and under the other Transaction Documents. Notwithstanding any provision in this Section 7.24 to the contrary, any Funding Agent that has provided notice of its resignation or has been provided notice of
its removal shall be required to serve as Funding Agent until its successor has assumed such role. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 Section 7.25. Funding Agent Transaction Documents; Further
Assurances. Each Committed Lender authorizes the Funding Agent in its Lender Group to enter into each of the Transaction Documents to which it is a party and each Lender authorizes the Funding Agent in its Lender Group to take all action
contemplated by such documents in its capacity as Funding Agent. 
 ARTICLE VIII 

ADMINISTRATION AND SERVICING OF SOLAR LOANS

 Section 8.1. Management Agreement and Servicing Agreement. (A) Each of the Management Agreement
and the Servicing Agreement, duly executed counterparts of which have been delivered to the Agent, sets forth the covenants and obligations of the Manager and the Servicer, as applicable, with respect to the Eligible Solar Loans and other matters
addressed in the Management Agreement and the Servicing Agreement, and reference is hereby made to the Management Agreement for a detailed statement of said covenants and obligations of the Manager thereunder and to the Servicing Agreement for a
detailed statement of said covenants and obligations of the Servicer thereunder. The Borrower agrees that the Agent, in its name or (to the extent required by law) in the name of the Borrower, may (but is not, unless so directed and indemnified by
the Majority Lenders, required to) enforce all rights of the Borrower under the Management Agreement and the Servicing Agreement for and on behalf of the Lenders whether or not an Event of Default has occurred and is continuing. 

(B) Promptly following a request from the Agent (acting at the direction of the Majority Lenders) to do so, the Borrower shall take all such
lawful action as the Agent may request to compel or secure the performance and observance by the Manager of each of its obligations to the Borrower and with respect to the Eligible Solar Loans under or in connection with the Management Agreement and
by the Servicer of each of its obligations to the Borrower and with respect to the Eligible Solar Loans under or in connection with the Servicing Agreement, in accordance with the respective terms thereof, and in effecting such request shall
exercise any and all rights, remedies, powers and privileges lawfully available to the Borrower under or in connection with the Management Agreement or the Servicing Agreement, as the case may be, to the extent and in the manner directed by the
Agent, including the transmission of notices of default on the part of the Manager or the Servicer thereunder and the institution of legal or administrative actions or proceedings to compel or secure performance by the Manager of each of its
obligations under the Management Agreement or by the Servicer of each of its obligations under the Servicing Agreement. 
 (C) The Borrower
shall not waive any default by the Manager under the Management Agreement or by the Servicer under the Servicing Agreement without the written consent of the Agent (which shall be given at the written direction of the Majority Lenders). 

(D) The Agent does not assume any duty or obligation of the Borrower under the Management Agreement or the Servicing Agreement, and the rights
given to the Agent thereunder are subject to the provisions of Article VII. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 (E) The Borrower has not and will not provide any payment instructions to any Obligor that
are inconsistent with the Servicing Agreement. 
 (F) With respect to the Servicer’s obligations under Section 5.3 of the
Servicing Agreement and the Manager’s obligations under Section 6.3 of the Management Agreement, the Agent shall not have any responsibility to the Borrower, the Servicer, the Manager or any party hereunder to make any inquiry or
investigation as to, and shall have no obligation in respect of, the terms of any engagement of an independent accountant by the Servicer or by the Manager, as applicable; provided, that the Agent shall be authorized, upon receipt of written
direction from the Servicer or the Manager, as the case may be, directing the Agent, to execute any acknowledgment or other agreement with the independent accountant required for the Agent to receive any of the reports or instructions provided for
herein, which acknowledgment or agreement may include, among other things, (i) acknowledgement that the Servicer or the Manager, as the case may be, has agreed that the procedures to be performed by the independent accountant are sufficient for
the Borrower’s purposes, (ii) acknowledgment that the Agent has agreed that the procedures to be performed by an independent accountant are sufficient for the Agent’s purposes and that the Agent’s purposes is limited solely to
receipt of the report, (iii) releases by the Agent (on behalf of itself and the Lenders) of claims against the independent accountant and acknowledgement of other limitations of liability in favor of the independent accountant, and
(iv) restrictions or prohibitions on the disclosure of information or documents provided to it by such firm of independent accountant (including to the Lenders). Notwithstanding the foregoing, in no event shall the Agent be required to execute
any agreement in respect of the independent accountant that the Agent determines adversely affects it in its individual capacity or which is in a form that is not reasonably acceptable to the Agent. 

Section 8.2. Accounts. 

(A) Establishment. The initial Servicer or an Affiliated Entity has established and the Servicer shall maintain or cause to be
maintained: 
 (i) for the benefit of the Secured Parties, in the name of the Borrower, at the Lockbox Bank, a segregated non-interest bearing account for the deposit of Obligor Payments (such account, as more fully described on Schedule II attached hereto, the “Lockbox Account”), such account bearing a
designation clearly indicating that the funds deposited therein are held for the benefit of the Borrower and the Secured Parties; 

(ii) for the benefit of the Secured Parties, in the name of the Borrower, at the Paying Agent, a segregated non-interest bearing trust account (such account, as more fully described on Schedule II attached hereto, the “Collection Account”), bearing a designation clearly indicating that the funds
deposited therein are held for the benefit of the Borrower and the Secured Parties; 
 (iii) for the benefit of the Secured
Parties, in the name of the Borrower, at the Paying Agent, a segregated non-interest bearing trust account (such account, as more fully described on Schedule II attached hereto, being the
“Liquidity Reserve Account”), bearing a designation clearly indicating that the funds deposited therein as described below are held for the benefit of the Borrower and the Secured Parties; 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (iv) for the benefit of the Secured Parties, in the name of the Borrower, at
the Paying Agent, a segregated non-interest bearing trust account (such account, as more fully described on Schedule II attached hereto, being the “Equipment Replacement Reserve
Account”), bearing a designation clearly indicating that the funds deposited therein as described below are held for the benefit of the Borrower and the Secured Parties; and 

(v) for the benefit of the Secured Parties, in the name of the Borrower, at the Paying Agent, a segregated non-interest bearing trust account (such account, as more fully described on Schedule II attached hereto, being the “Takeout Transaction Account”, and together with the Collection Account, the
Liquidity Reserve Account, and the Equipment Replacement Reserve Account, each a “Paying Agent Account” and collectively the “Paying Agent Accounts”), bearing a designation clearly indicating that the funds
deposited therein as described below are held for the benefit of the Borrower and the Secured Parties. 
 (B) Replacement.
(i) If, at any time, an institution holding the Lockbox Account resigns, is removed or ceases to meet the eligibility requirements of an Eligible Institution, the Servicer shall work with the Agent to establish a new Lockbox Account meeting the
conditions specified above with an institution meeting the eligibility requirements of an Eligible Institution (and within the time periods set forth in the Lockbox Agreement), transfer any cash and any investments held therein or with respect
thereto to such new Lockbox Account. From the date any such new Lockbox Account is established, it shall be the “Lockbox Account” hereunder. 

(ii) If, at any time, the Paying Agent resigns, is removed hereunder or ceases to meet the eligibility requirements of an Eligible
Institution, the Servicer, for the benefit of the Agent and the Lenders, shall within thirty (30) days establish a new Collection Account, Liquidity Reserve Account, Equipment Replacement Reserve Account, or Takeout Transaction Account meeting
the conditions specified above with an Eligible Institution reasonably acceptable to the Agent and transfer any cash and/or any investments held therein or with respect thereto to such new Collection Account, Liquidity Reserve Account, Equipment
Replacement Reserve Account or the Takeout Transaction Account, as applicable. From the date such new Collection Account, Liquidity Reserve Account, Equipment Replacement Reserve Account, or Takeout Transaction Account is established, it shall be
the “Collection Account,” “Liquidity Reserve Account”, “Equipment Replacement Reserve Account”, or “Takeout Transaction Account” hereunder, as applicable. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (C) Deposits and Withdrawals from the Liquidity Reserve Account. Deposits into, and
withdrawals from, the Liquidity Reserve Account shall, subject to Section 2.7(D), be made in the following manner: 

(i) On the Restatement Date, the Borrower shall deliver to the Paying Agent for deposit into the Liquidity Reserve Account, an
amount equal to the Liquidity Reserve Account Required Balance as of such date; 
 (ii) On each Payment Date, the Borrower
shall direct the Paying Agent to deposit into the Liquidity Reserve Account from available Collections (as set forth and in the order of priority established pursuant to Section 2.7(B)), funds in the amount required under Section 2.7(B),
and the Borrower may, at its option, deposit additional funds into the Liquidity Reserve Account; 
 (iii) If on any Payment
Date (without giving effect to any withdrawal from the Liquidity Reserve Account) available funds on deposit in the Collection Account would be insufficient to make the payments due and payable on such Payment Date pursuant to
Sections 2.7(B)(i) through (iv), the Borrower shall direct the Paying Agent, based on the Monthly Servicer Report delivered pursuant to Section 5.1 of the Servicing Agreement, to withdraw from the Liquidity Reserve Account an amount equal
to the lesser of such insufficiency and the amount on deposit in the Liquidity Reserve Account and deposit such amount into the Collection Account and apply such amount to payments set forth in Sections 2.7(B)(i) through (iv); 

(iv) Upon the occurrence of an Event of Default, the Agent (or the Servicer with the written consent of the Agent) shall cause
the Paying Agent, by providing written direction to the Paying Agent, to withdraw all amounts on deposit in the Liquidity Reserve Account and deposit such amounts into the Collection Account for distribution in accordance with Section 2.7(B);

 (v) On the earliest to occur of (a) the Commitment Termination Date, (b) an Amortization Event, and (c) the
date on which the outstanding balance of the Advances is reduced to zero, the Agent shall cause the Paying Agent, by providing written direction to the Paying Agent, in the case of subclauses (a) and (b), or the Servicer or the Borrower shall
cause the Paying Agent, by providing written direction to the Paying Agent, in the case of subclause (c), to withdraw all amounts on deposit in the Liquidity Reserve Account and deposit such amounts into the Collection Account to be paid in
accordance with Section 2.7(B); provided, however, that upon the occurrence of an Amortization Event of the type described in clauses (iii) or (v) of the definition thereof, the Agent shall not be required to direct the
Paying Agent to withdraw all amounts in the Liquidity Reserve Account in accordance with the foregoing unless and until determined otherwise by the Agent in its reasonable discretion; 

(vi) Unless an Event of Default or Amortization Event has occurred and is continuing, on any Payment Date, if, as set forth on
the Monthly Servicer Report, amounts on deposit in the Liquidity Reserve Account are greater than the Liquidity 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -55- 

 
Reserve Account Required Balance (after giving effect to all other distributions and disbursements on such Payment Date), the Borrower shall direct the Paying Agent, based on the Monthly Servicer
Report, to withdraw funds in excess of the Liquidity Reserve Account Required Balance from the Liquidity Reserve Account and disburse such amounts into the Borrower’s Account; 

(vii) On any Payment Date, if, as set forth on the Monthly Servicer Report, the amount of funds in the Liquidity Reserve
Account and in the Collection Account is equal to or greater than the aggregate outstanding balance of Advances and all other amounts due and payable hereunder, then the Borrower shall direct the Paying Agent, based on the Monthly Servicer Report,
to withdraw all funds from the Liquidity Reserve Account and deposit such amounts into the Collection Account to pay all such amounts and the aggregate outstanding balance of the Advances; and 

(viii) On each Payment Date, the Borrower shall deliver to the Paying Agent for deposit into the Collection Account an amount
equal to the Capitalized Interest Reserve Release. For the avoidance of doubt, the Borrower shall cause the deposit of the Capitalized Interest Reserve Release to be made on each Payment Date in accordance with this Section 8.2(C)(viii) solely
to the extent there are funds available in the Liquidity Reserve Account and regardless of whether such deposit results in the remaining balance on deposit in the Liquidity Reserve Account to be less than the Liquidity Reserve Account Required
Balance. 
 Notwithstanding anything in this Section 8.2(C) to the contrary, in lieu of or in substitution for moneys otherwise
required to be deposited to the Liquidity Reserve Account, the Borrower (or the Manager on behalf of the Borrower) may deliver or cause to be delivered to the Paying Agent a Letter of Credit; provided that any deposit into the Liquidity
Reserve Account required to be made by the Borrower (or the Manager on behalf of the Borrower) after the replacement of amounts on deposit in the Liquidity Reserve Account with a Letter of Credit shall be made by the Borrower (or the Manager on
behalf of the Borrower) by way of cash deposits to the Liquidity Reserve Account as provided in Section 2.7(B) or pursuant to the Borrower’s (or the Manager’s on behalf of the Borrower) causing an increase in the Letter of Credit or
the delivery to the Paying Agent of an additional Letter of Credit. 
 If at any time a Letter of Credit is held by the Paying Agent as an
asset of the Liquidity Reserve Account, and if any withdrawals from the Liquidity Reserve Account will be required under this Section 8.2(C) or otherwise, the Agent (or the Borrower with the written consent of the Agent) shall, no later than
three (3) Business Days prior to the applicable Payment Date or payment date, direct the Paying Agent in writing to draw on the Letter of Credit, which direction shall provide the required draw amount. The Agent (or the Borrower with the
written consent of the Agent) shall direct the Paying Agent to submit the drawing documents to the applicable Eligible Letter of Credit Bank no later than 5:00 P.M. (New York City time) on the second (2nd) Business Day after the Paying Agent
receives such direction. Upon the receipt of the proceeds of any such drawing, the Paying Agent shall deposit such proceeds into the Liquidity Reserve Account. Any (A) references in the Transaction Documents to amounts on deposit in the
Liquidity Reserve Account or amounts in or credited to the Liquidity Reserve Account shall 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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include or be deemed to include the aggregate available amount of the Letters of Credit delivered to the Paying Agent pursuant to this Section 8.2(C), and (B) Letter of Credit delivered
by the Borrower (or the Manager on behalf of the Borrower) to the Paying Agent pursuant to this Section 8.2(C) shall be held as an asset of the Liquidity Reserve Account and valued for purposes of determining the amount on deposit in the
Liquidity Reserve Account at the amount as of any date then available to be drawn on such Letter of Credit. 
 If at any time a Letter of
Credit is held by the Paying Agent as an asset of the Liquidity Reserve Account, then: (i) if the Letter of Credit is scheduled to expire by its terms and ten (10) days prior to the scheduled expiration date such Letter of Credit has not
been extended or replaced, then the Borrower (or the Manager on behalf of the Borrower) or the Agent shall on such tenth (10th) day prior to the scheduled expiration date notify the Paying Agent in writing of such failure to extend or replace the
Letter of Credit, and the Paying Agent shall, submit the drawing documents delivered to it by the Borrower (or the Manager on behalf of the Borrower) or the Agent to the Eligible Letter of Credit Bank no later than 5:00 P.M. (New York City time) on
the second (2nd) Business Day prior to the scheduled expiration date and draw the full amount of such Letter of Credit and deposit the proceeds of such drawing into the Liquidity Reserve Account, and (ii) if the Borrower (or the Manager on
behalf of the Borrower) or the Agent notifies the Paying Agent in writing that the financial institution issuing the Letter of Credit ceases to be an Eligible Letter of Credit Bank or a Responsible Officer of the Paying Agent otherwise receives
written notice that the financial institution issuing the Letter of Credit ceases to be an Eligible Letter of Credit Bank, then the Paying Agent shall, no later than the second (2nd) Business Day after receipt of any such written notice by a
Responsible Officer of the Paying Agent submit the drawing documents delivered to it by the Borrower (or the Manager on behalf of the Borrower) or the Agent to draw the full amount of such Letter of Credit and deposit the proceeds of such drawing
into the Liquidity Reserve Account. 
 If at any time a Letter of Credit is held by the Paying Agent as an asset of the Liquidity Reserve
Account, the stated amount of the Letter of Credit may be reduced from time to time, to the extent of any reduction in the dollar amount of the Liquidity Reserve Account Required Balance. Each month upon receipt by the Paying Agent of the Monthly
Servicer Report if such Monthly Servicer Report shows a reduction in the Liquidity Reserve Account Required Balance, then the Borrower (or the Manager on behalf of the Borrower) or the Agent shall, prior to the related Payment Date, direct the
Paying Agent to send the Eligible Letter of Credit Bank a letter in the form provided in the Letter of Credit to reduce the stated amount of the Letter of Credit. The Borrower (or the Manager on behalf of the Borrower) or the Agent shall ensure that
the letter submitted shall provide for the reduction to be effective as of the close of business on the related Payment Date. The reduction shall be in the amount shown on the Monthly Servicer Report as the Liquidity Reserve Account
“reductions” and the remaining stated amount of the Letter of Credit shall be equal to the Liquidity Reserve Account Required Balance “ending required amount” as shown on the Monthly Servicer Report. Any drawing on the Letter of
Credit may be reimbursed by the Borrower only from amounts remitted to the Borrower pursuant to Section 2.7(B). 
 Notwithstanding the
foregoing or any other provision to the contrary in this Agreement or any other Transaction Document, in no event shall the Paying Agent be required to report, track, 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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calculate or monitor the value, available amount or any other information regarding any Letter of Credit for any party hereto or beneficiary of or under the Liquidity Reserve Account, except as
expressly required pursuant to this Section 8.2(C). 
 (D) Deposits and Withdrawals from the Equipment Replacement Reserve Account.
Deposits into, and withdrawals from, the Equipment Replacement Reserve Account shall, subject to Section 2.7(D), be made in the following manner: 

(i) On each Payment Date, the Borrower shall direct the Paying Agent to deposit into the Equipment Replacement Reserve Account
from available Collections (as set forth and in the order of priority established pursuant to Section 2.7(B)), funds in the amount required under Section 2.7(B), if any, and the Borrower may, at its option, deposit additional funds into
the Equipment Replacement Reserve Account; 
 (ii) Upon receipt of an Officer’s Certificate of the Manager
(a) certifying that it has replaced an Inverter that no longer has the benefit of a Manufacturer Warranty and (b) requesting reimbursement for the cost of such Inverter replacement, the Borrower shall direct the Paying Agent to withdraw
funds on deposit in the Equipment Replacement Reserve Account in an amount equal to the lesser of (1) the cost of the new Inverter paid by the Manager (inclusive of labor costs) and (2) the amount on deposit in the Equipment Replacement
Reserve Account and deliver such funds to the Manager; 
 (iii) Unless an Event of Default or an Amortization Event has
occurred and is continuing, on any Payment Date, if, as set forth on the Monthly Servicer Report, amounts on deposit in the Equipment Replacement Reserve Account are greater than the Equipment Replacement Reserve Required Balance (after giving
effect to all other distributions and disbursements on such Payment Date), the Borrower shall direct the Paying Agent, based on the Monthly Servicer Report, to withdraw funds in excess of the Equipment Replacement Reserve Required Balance from the
Equipment Replacement Reserve Account and disburse such amounts into the Borrower’s Account; 
 (iv) If on any Payment
Date (after giving effect to any withdrawal from the Liquidity Reserve Account) available funds on deposit in the Collection Account would be insufficient to pay the interest payments or other amounts due and payable pursuant to
Sections 2.7(B)(i) through (iv) on such Payment Date, the Borrower shall direct the Paying Agent, based on the Monthly Servicer Report, to withdraw from the Equipment Replacement Reserve Account an amount equal to the lesser of such
insufficiency and the amount on deposit in the Equipment Replacement Reserve Account and deposit such amount into the Collection Account and apply such amount to payments set forth in Sections 2.7(B)(i) through (iv); and 

(v) On the date on which the outstanding balance of the Advances is reduced to zero, the Agent shall cause the Paying Agent to
withdraw all amounts on deposit in the Equipment Replacement Reserve Account and shall deposit such amounts into the Collection Account to be paid in accordance with Section 2.7(B). 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Notwithstanding anything in this Section 8.2(D) to the contrary, in lieu of or in
substitution for moneys otherwise required to be deposited to the Equipment Replacement Reserve Account, the Borrower (or the Manager on behalf of the Borrower) may deliver or cause to be delivered to the Paying Agent a Letter of Credit; provided
that any deposit into the Equipment Replacement Reserve Account required to be made by the Borrower (or the Manager on behalf of the Borrower) after the replacement of amounts on deposit in the Equipment Replacement Reserve Account with a Letter
of Credit shall be made by the Borrower (or the Manager on behalf of the Borrower) by way of cash deposits to the Equipment Replacement Reserve Account as provided in Section 2.7(B) or pursuant to the Borrower’s (or the Manager’s on
behalf of the Borrower) causing an increase in the Letter of Credit or the delivery to the Paying Agent of an additional Letter of Credit. 

If at any time a Letter of Credit is held by the Paying Agent as an asset of the Equipment Replacement Reserve Account, and if any withdrawals
from the Equipment Replacement Reserve Account will be required under this Section 8.2(D) or otherwise, the Agent (or the Borrower with the written consent of the Agent) shall, no later than three (3) Business Days prior to the applicable
Payment Date or payment date, direct the Paying Agent in writing to draw on the Letter of Credit, which direction shall provide the required draw amount. The Agent (or the Borrower with the written consent of the Agent) shall direct the Paying Agent
to submit the drawing documents to the applicable Eligible Letter of Credit Bank no later than 5:00 P.M. (New York City time) on the second (2nd) Business Day after the Paying Agent receives such direction. Upon the receipt of the proceeds of any
such drawing, the Paying Agent shall deposit such proceeds into the Equipment Replacement Reserve Account. Any (A) references in the Transaction Documents to amounts on deposit in the Equipment Replacement Reserve Account or amounts in or
credited to the Equipment Replacement Reserve Account shall include or be deemed to include the aggregate available amount of the Letters of Credit delivered to the Paying Agent pursuant to this Section 8.2(D), and (B) Letter of Credit
delivered by the Borrower (or the Manager on behalf of the Borrower) to the Paying Agent pursuant to this Section 8.2(D) shall be held as an asset of the Equipment Replacement Reserve Account and valued for purposes of determining the amount on
deposit in the Equipment Replacement Reserve Account at the amount as of any date then available to be drawn on such Letter of Credit. 
 If
at any time a Letter of Credit is held by the Paying Agent as an asset of the Equipment Replacement Reserve Account, then: (i) if the Letter of Credit is by its terms scheduled to expire and ten (10) days prior to the scheduled expiration
date such Letter of Credit has not been extended or replaced, then the Borrower (or the Manager on behalf of the Borrower) or the Agent shall on such tenth (10th) day prior to the scheduled expiration date notify the Paying Agent in writing of such
failure to extend or replace the Letter of Credit, and the Paying Agent shall, submit the drawing documents delivered to it by the Borrower (or the Manager on behalf of the Borrower) or the Agent to the Eligible Letter of Credit Bank no later than
5:00 P.M. (New York City time) on the second (2nd) Business Day prior to the scheduled expiration date and draw the full amount of such Letter of Credit and deposit the proceeds of such drawing into the Equipment Replacement Reserve Account and
(ii) if the Borrower (or the Manager on behalf of the Borrower) or the Agent notifies the Paying Agent in writing that the financial institution issuing the Letter of Credit ceases to be an Eligible Letter of Credit Bank or a Responsible
Officer of the Paying Agent otherwise receives written notice that the financial institution issuing 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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the Letter of Credit ceases to be an Eligible Letter of Credit Bank, then the Paying Agent shall, no later than the second (2nd) Business Day after receipt of any such written notice by a
Responsible Officer of the Paying Agent, submit the drawing documents delivered to it by the Borrower (or the Manager on behalf of the Borrower) or the Agent to draw the full amount of such Letter of Credit and deposit the proceeds of such drawing
into the Equipment Replacement Reserve Account. 
 If at any time a Letter of Credit is held by the Paying Agent as an asset of the
Equipment Replacement Reserve Account, the stated amount of the Letter of Credit may be reduced from time to time, to the extent of any reduction in the dollar amount of the Equipment Replacement Reserve Account Required Balance. Each month upon
receipt by the Paying Agent of the Monthly Servicer Report if such Monthly Servicer Report shows a reduction in the Equipment Reserve Account Required Balance, then the Borrower (or the Manager on behalf of the Borrower) or the Agent shall, prior to
the related Payment Date, direct the Paying Agent to send the Eligible Letter of Credit Bank a letter in the form provided in the Letter of Credit to reduce the stated amount of the Letter of Credit. The Borrower (or the Manager on behalf of the
Borrower) or the Agent shall ensure that the letter submitted shall provide for the reduction to be effective as of the close of business on the related Payment Date. The reduction shall be in the amount shown on the Monthly Servicer Report as the
Equipment Replacement Reserve Account “reductions” and the remaining stated amount of the Letter of Credit shall be equal to the Equipment Replacement Reserve Account Required Balance “ending required amount” as shown on the
Monthly Servicer Report. Any drawing on the Letter of Credit may be reimbursed by the Borrower only from amounts remitted to the Borrower pursuant to Section 2.7(B). 

Notwithstanding the foregoing or any other provision to the contrary in this Agreement or any other Transaction Document, in no event shall
the Paying Agent be required to report, track, calculate or monitor the value, available amount or any other information regarding any Letter of Credit for any party hereto or beneficiary of or under the Equipment Replacement Reserve Account, except
as expressly required pursuant to this Section 8.2(D). 
 (E) Lockbox Account. The Borrower shall deposit or cause to be
deposited an amount equal to $10,000 into the Lockbox Account (such amount, the “Required Lockbox Reserve Amount”). Pursuant to the Lockbox Agreement, all items and funds from time to time on deposit therein and in all proceeds
thereof, and the Lockbox Account shall be under the control of the Agent. At the close of each Business Day, the Borrower, or the Servicer on its behalf, shall cause the Lockbox Bank to deposit into the Collection Account all amounts available in
the Lockbox Account in excess of the Required Lockbox Reserve Amount. 
 (F) Paying Agent Account Control. (i) Each Paying Agent
Account shall be established and at all times maintained with the Paying Agent which shall act as a “securities intermediary” (as defined in Section 8-102 of the UCC) and a “bank” (as
defined in Section 9-102 of the UCC) hereunder (in such capacities, the “Securities Intermediary”) with respect to each Paying Agent Account. The Paying Agent hereby confirms that, as of the
Restatement Date, the account numbers of each of the Paying Agent Accounts are as described on Schedule II attached hereto. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 (ii) Each Paying Agent Account shall be a “securities account” as
defined in Section 8-501 of the UCC and shall be maintained by the Paying Agent as a securities intermediary in the name of the Borrower, subject to the lien of the Agent, for the benefit of the Secured
Parties. The Paying Agent shall treat the Agent as the “entitlement holder” (within the meaning of Section 8-102(a)(7) of the UCC) in respect of all “financial assets” (within the
meaning of Section 8-102(a)(9) of the UCC) credited to the Paying Agent Accounts. 

(iii) The Paying Agent hereby confirms and agrees that: 

(a) the Paying Agent shall not change the name or account number of any Paying Agent Account without the prior written consent
of the Agent and the Borrower; 
 (b) all securities or other property underlying any financial assets (as hereinafter
defined) credited to a Paying Agent Account shall be registered in the name of the Paying Agent, indorsed to the Paying Agent or indorsed in blank or credited to another securities account maintained in the name of the Paying Agent, and in no case
will any financial asset credited to a Paying Agent Account be registered in the name of the Borrower or any other Person, payable to the order of the Borrower or specially indorsed to the Borrower or any other Person, except to the extent the
foregoing have been specially indorsed to the Agent, for the benefit of the Secured Parties, or in blank; 
 (c) all property
transferred or delivered to the Paying Agent pursuant to this Agreement will be credited to the appropriate Borrower Account in accordance with the terms of this Agreement; 

(d) each Paying Agent Account is an account to which financial assets are or may be credited, and the Paying Agent shall,
subject to the terms of this Agreement, treat each of the Borrower and the Servicer as entitled to exercise the rights that comprise any financial asset credited to each such Paying Agent Account; and 

(e) notwithstanding the intent of the parties hereto, to the extent that any Paying Agent Account shall be determined to
constitute a “deposit account” within the meaning of Section 9-102(a)(29) of the UCC, such Paying Agent Account shall be subject to the exclusive control of the Agent, for the benefit of the
Secured Parties, and the Paying Agent will comply with instructions originated by the Agent directing disposition of the funds in such Paying Agent Account, without further consent by the Borrower or the Servicer; provided that, notwithstanding the
foregoing, the Agent hereby authorizes the Paying Agent to honor withdrawal, payment, transfer or other instructions directing disposition of the funds in the Collection Account received from the Borrower or the Servicer, on its behalf, pursuant to
Section 2.6 or this Section 8.2. 
  
 [***] = Certain confidential information
contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (iv) The Paying Agent hereby agrees that each item of property (including,
without limitation, any investment property, financial asset, security, instrument or cash) credited to any Paying Agent Account shall be treated as a “financial asset” within the meaning of
Section 8-102(a)(9) of the UCC. 
 (v) If at any time the Paying Agent shall
receive an “entitlement order” (as defined in Section 8-102(a)(8) of the UCC) (an “Entitlement Order”) from the Agent (i.e., an order directing a transfer or redemption of any
financial asset in any Paying Agent Account), or any “instruction” (within the meaning of Section 9-104 of the UCC), originated by the Agent, the Paying Agent shall comply with such Entitlement
Order or instruction without further consent by the Borrower, the Servicer or any other Person. Neither the Servicer nor the Borrower shall make any withdrawals from any Paying Agent Account, except pursuant to Section 2.7 or this
Section 8.2. 
 (vi) In the event that the Paying Agent has or subsequently obtains by agreement, by operation of law or
otherwise a security interest in any Paying Agent Account or any financial assets, funds, cash or other property credited thereto or any security entitlement with respect thereto, the Paying Agent hereby agrees that such security interest shall be
subordinate to the security interest of the Agent, for the benefit of the Secured Parties. Notwithstanding the preceding sentence, the financial assets, funds, cash or other property credited to any Paying Agent Account will not be subject to
deduction, set-off, banker’s lien, or any other right in favor of any Person other than the Agent, for the benefit of the Secured Parties (except that the Paying Agent may
set-off (i) all amounts due to the Paying Agent in its capacity as securities intermediary in respect of customary fees and expenses for the routine maintenance and operation of the Paying Agent Accounts,
and (ii) the face amount of any checks that have been credited to the Paying Agent Accounts but are subsequently returned unpaid because of uncollected or insufficient funds). 

(vii) Regardless of any provision in any other agreement, for purposes of the UCC, New York shall be deemed to be the
“bank’s jurisdiction” (within the meaning of Section 9-304 of the UCC) and the “security intermediary’s jurisdiction” (within the meaning of
Section 8-110 of the UCC). 
 (G) Permitted Investments. Prior to an Event of Default,
the Servicer (and after an Event of Default, the Agent) may direct each banking institution at which the Collection Account, the Equipment Replacement Reserve Account or the Liquidity Reserve Account shall be established, in writing, to invest the
funds held in such accounts in one or more Permitted Investments. All interest derived from such Permitted Investments shall be deemed to be “investment proceeds” and shall be deposited into such account to be distributed in accordance
with the requirements hereof. The taxpayer identification number associated with the Collection Account, the Equipment Replacement Reserve Account and the Liquidity Reserve Account shall be that of the Borrower, and the Borrower shall report for
federal, state and local income tax purposes the income, if any, earned on funds in such accounts. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 (H) Withdrawals from Collection Account to Pay Taxes. In accordance with the
Management Agreement, the Manager shall direct the Paying Agent in writing, and the Paying Agent shall, in accordance with such direction if such direction is received at least one (1) Business Day prior to each Payment Date, and in accordance
with Section 2.7(B)(i), withdraw from the Collection Account and remit to the Manager, amounts specified by the Manager as required to be paid by the Borrower before the next Payment Date in respect of franchise taxes of the Borrower accruing
after the Closing Date. 
 Section 8.3. Adjustments. If the Servicer makes a mistake with respect to the
amount of any Collection or payment and deposits, pays or causes to be deposited or paid, an amount that is less than or more than the actual amount thereof, the Servicer shall appropriately adjust the amounts subsequently deposited into the
applicable account or lockbox or paid out to reflect such mistake for the date of such adjustment. Any Eligible Solar Loan in respect of which a dishonored check is received shall be deemed not to have been paid. 

ARTICLE IX 

THE PAYING AGENT 

Section 9.1. Appointment. The appointment of Wells Fargo Bank, National Association is hereby confirmed by
the other parties hereto (other than the Custodian) as Paying Agent, and accepts such appointment, subject to the terms of this Agreement. 

Section 9.2. Representations and Warranties. The Paying Agent represents to the other parties hereto as
follows: 
 (A) Organization; Corporate Powers. The Paying Agent is duly incorporated and validly existing under the
laws of the jurisdiction of its incorporation and has all requisite power and authority to conduct its business, to own its property and to execute, deliver and perform all of its obligations under this Agreement, and no license, permit, consent or
approval, is required to be obtained, effective or given by the Paying Agent to enable it to perform its obligations hereunder. 

(B) Authority. The execution, delivery and performance by the Paying Agent of this Agreement have been duly authorized
by all necessary action on the part of the Paying Agent. 
 (C) Enforcement. This Agreement constitutes the legal,
valid and binding obligation of the Paying Agent, enforceable against the Paying Agent in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’
rights generally and general principles of equity, regardless of whether such enforcement is sought at equity or at law. 

(D) No Conflict. The Paying Agent is not in violation of any law, rule, or regulation governing the banking or trust
powers of the Paying Agent applicable to it or any indenture, lease, loan or other agreement to which the Paying Agent is a party or by 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 which it or its assets may be bound or affected, except for such laws, rules or regulations
or indentures, leases, loans or other agreements the violation of which would not have a material adverse effect on the Paying Agent’s abilities to perform its obligations in accordance with the terms of this Agreement. 

Section 9.3. Limitation of Liability of the Paying Agent. Notwithstanding anything contained herein to the
contrary, this Agreement has been executed by Wells Fargo Bank, National Association, not in its individual capacity, but solely as the Paying Agent, and in no event shall Wells Fargo Bank, National Association have any liability for the
representations, warranties, covenants, agreements or other obligations of the other parties hereto or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the
party responsible therefor. 
 Section 9.4. Certain Matters Affecting the Paying Agent. Notwithstanding
anything herein to the contrary: 
 (A) The Paying Agent undertakes to perform such duties and only such duties as are
specifically set forth in this Agreement. The Paying Agent shall not have any duties or responsibilities except those expressly set forth in this Agreement. 

(B) The Paying Agent shall not be subject to any fiduciary or other implied duties, obligations or covenants regardless of
whether an Event of Default has occurred and is continuing. 
 (C) The Paying Agent shall not be liable for any error of
judgment made in good faith by an officer or officers of the Paying Agent, unless it shall be conclusively determined by the final judgment of a court of competent jurisdiction not subject to appeal or review that the Paying Agent was grossly
negligent in ascertaining the pertinent facts. 
 (D) The Paying Agent shall not be liable with respect to any action taken
or omitted to be taken by it in good faith in accordance with any direction given or certificate or other document delivered to the Paying Agent under this Agreement or any other Transaction Document. 

(E) None of the provisions of this Agreement or any other Transaction Document shall require the Paying Agent to expend or risk
its own funds or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such
funds or indemnity satisfactory to it against such risk or liability is not assured to it. 
 (F) The Paying Agent may
conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval or other paper or document believed by it to be
genuine and to have been signed or presented by the proper party or 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -64- 

 parties, and shall be under no obligation to inquire as to the adequacy, accuracy or
sufficiency of any such information or be under any obligation to make any calculation or verification in respect of any such information and shall not be liable for any loss that may be occasioned thereby. The Paying Agent may also, but shall not
be required to, rely upon any statement made to it orally or by telephone and believed by it to have been made by the property person, and shall not incur any liability for relying thereon. 

(G) Whenever in the administration of the provisions of this Agreement or any other Transaction Document the Paying Agent shall
deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action to be taken hereunder, such matter may, in the absence of gross negligence, willful misconduct or bad faith on the part of the Paying
Agent, be deemed to be conclusively proved and established by a certificate delivered to the Paying Agent hereunder, and such certificate, in the absence of gross negligence, willful misconduct or bad faith on the part of the Paying Agent, shall be
full warrant to the Paying Agent for any action taken, suffered or omitted by it under the provisions of this Agreement or any other Transaction Document. 

(H) The Paying Agent may, at the expense of the Borrower, consult with counsel, and the advice or any opinion of counsel shall
be full and complete authorization and protection in respect of any action taken or omitted by it hereunder in good faith and in accordance with such advice or opinion of counsel. Before the Paying Agent acts or refrains from acting hereunder, it
may require and shall be entitled to receive an Officer’s Certificate and/or an opinion of counsel, the costs of which (including the Paying Agent’s reasonable attorney’s fees and expenses) shall be paid by the party requesting that
the Paying Agent act or refrain from acting. The Paying Agent shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or opinion of counsel. 

(I) The Paying Agent shall not be bound to make any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, entitlement order, approval or other paper or document. 

(J) Except as provided expressly hereunder, the Paying Agent shall have no obligation to invest and reinvest any cash held in
any of the accounts hereunder in the absence of a timely and specific written investment direction pursuant to the terms of this Agreement. In no event shall the Paying Agent be liable for the selection of investments or for investment losses
incurred thereon. The Paying Agent shall have no liability in respect of losses incurred as a result of the liquidation of any investment prior to its stated maturity or the failure of another party to timely provide a written investment direction
pursuant to the terms of this Agreement. Investments in any Permitted Investments are not obligations or recommendations of, or endorsed or guaranteed by, the Paying Agent or its Affiliates. The Paying Agent and its Affiliates may provide various
services for Permitted Investments and may be paid fees for such services. Each party hereto understands and agrees that proceeds of the sale of investments of the funds in any account maintained with the Paying Agent will be deposited by the Paying
Agent into the applicable accounts on the Business Day on which the Paying Agent receives appropriate 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 instructions hereunder, if such instructions received by the Paying Agent prior to the
deadline for same day sale of such investments. If the Paying Agent receives such instructions after the applicable deadline for the sale of such investments, such proceeds will be deposited by the Paying Agent into the applicable account on the
next succeeding Business Day. The parties hereto agree that notifications after the completion of purchases and sales of investments shall not be provided by the Paying Agent hereunder, and the Paying Agent shall make available, upon request and in
lieu of notifications, periodic account statements that reflect such investment activity. No statement shall be made available if no investment activity has occurred during such period. 

(K) The Paying Agent may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents, attorneys, custodians or nominees appointed with due care, and shall not be responsible for any action or omission on the part of any agent, attorney, custodian or nominee so appointed. 

(L) Any corporation or entity into which the Paying Agent may be merged or converted or with which it may be consolidated, or
any corporation or entity resulting from any merger, conversion or consolidation to which the Paying Agent shall be a party, or any corporation or entity succeeding to the business of the Paying Agent shall be the successor of the Paying Agent
hereunder without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto except where an instrument of transfer or assignment is required by law to effect such succession, anything
herein to the contrary notwithstanding. 
 (M) In no event shall the Paying Agent be liable for punitive, special, indirect
or consequential loss or damage of any kind whatsoever (including lost profits), even if the Paying Agent has been advised of such loss or damage and regardless of the form of action. 

(N) In no event shall the Paying Agent be liable for any failure or delay in the performance of its obligations under this
Agreement or any related documents because of circumstances beyond the Paying Agent’s control, including a failure, termination, or suspension of a clearing house, securities depositary, settlement system or central payment system in any
applicable part of the world or acts of God, flood, war (whether declared or undeclared), civil or military disturbances or hostilities, nuclear or natural catastrophes, political unrest, explosion, severe weather or accident, earthquake, terrorism,
fire, riot, labor disturbances, strikes or work stoppages for any reason, embargo, government action, including any laws, ordinances, regulations or the like (whether domestic, federal, state, county or municipal or foreign) which delay, restrict or
prohibit the providing of the services contemplated by this Agreement or any other Transaction Document or any related documents, or the unavailability of communications or computer facilities, the failure of equipment or interruption of
communications or computer facilities, or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility, or any other causes beyond the Paying Agent’s control whether or not of the same class or kind as
specified above. 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -66- 

 (O) The rights, privileges, indemnities, protections, immunities and
benefits given to the Paying Agent under this Agreement are extended to and shall be enforceable by Wells Fargo Bank, National Association in each of its capacities hereunder and the other Transaction Documents (including but not limited to, the Back-Up Servicer , the Transition Manager and any future or successor capacities), and each agent, custodian, co-trustee and other Person employed by it to act hereunder, in
each case, mutatis mutandis. 
 (P) The right of the Paying Agent to perform any permissive or discretionary act
enumerated in this Agreement or any other Transaction Document shall not be construed as a duty. 
 (Q) Absent gross
negligence, bad faith or willful misconduct (in each case as conclusively determined by a court of competent jurisdiction pursuant to a final order or verdict not subject to appeal) on the part of, Wells Fargo Bank, National Association in acting in
each of its capacities under this Agreement and the related Transaction Documents shall not constitute impermissible self-dealing or a conflict of interest, and the parties hereto hereby waive any conflict of interest presented by such service.
Wells Fargo Bank, National Association may act as agent for, provide banking, custodial, collateral agency, verification and other services to, and generally engage in any kind of business, with others to the same extent as if Wells Fargo Bank,
National Association, were not a party hereto. Nothing in this Agreement or any other Transaction Document shall in any way be deemed to restrict the right of Wells Fargo Bank, National Association to perform such services for any other person or
entity, and the performance of such services for others will not, in and of itself, be deemed to violate or give rise to any duty or obligation to any party hereto not specifically undertaken by Wells Fargo Bank, National Association hereunder or
under any other Transaction Document. 
 (R) The Paying Agent shall not be responsible for preparing or filing any reports or
returns relating to federal, state or local income taxes with respect to this Agreement or any other Transaction Document other than for the Paying Agent’s compensation. 

(S) The Paying Agent shall not be deemed to have notice or knowledge of, or be required to act based on, any event or
information (including any Event of Default, Amortization Event or any other default) unless a Responsible Officer of the Paying Agent has actual knowledge or shall have received written notice thereof. In the absence of such actual knowledge or
receipt of such notice, the Paying Agent may conclusively assume that none of such events have occurred and the Paying Agent shall not have any obligation or duty to determine whether any Event of Default, Amortization Event or any other default has
occurred. The delivery or availability of reports or other documents to the Paying Agent (including publicly available reports or documents) shall not constitute actual or constructive knowledge or notice of information contained in or determinable
from those reports or documents, except for such information that this Agreement specifically requires the Paying Agent to examine in such report or document and to take an action with respect thereto; and knowledge or information acquired by
(i) Wells Fargo 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -67- 

 
Bank, National Association in any of its respective capacities hereunder or under any other document related to this transaction shall not be imputed to Wells Fargo Bank, National Association in
any of its other capacities hereunder or under such other documents except to the extent their respective duties are performed by Responsible Officers in the same division of Wells Fargo Bank, National Association, and vice versa, and (ii) any
Affiliate of Wells Fargo Bank, National Association shall not be imputed to Wells Fargo Bank, National Association in any of its respective capacities, provided that the foregoing shall not relieve the Person acting as
Back-Up Servicer, Transition Manager or Paying Agent, as applicable, from its obligations to perform or responsibility for the manner of performance of its duties in a separate capacity under the Transaction
Documents. 
 (T) Except as otherwise provided in this Article IX: 

(i) except as expressly required pursuant to the terms of this Agreement, the Paying Agent shall not be required to make any
initial or periodic examination of any documents or records for the purpose of establishing the presence or absence of defects, the compliance by the Borrower or any other Person with its representations and warranties or for any other purpose
except as expressly required pursuant to the terms of this Agreement; 
 (ii) whether or not therein expressly so provided,
every provision of this Agreement relating to the conduct or affecting the liability of or affording protection to the Paying Agent shall be subject to the provisions of this Article IX; 

(iii) the Paying Agent shall not have any liability with respect to the acts or omissions of any other Person, and may assume
compliance by each of the other parties to the Transaction Documents with their obligations thereunder unless a Responsible Officer of the Paying Agent is notified of any such noncompliance in writing; 

(iv) under no circumstances shall the Paying Agent be personally liable for any representation, warranty, covenant, obligation
or indebtedness of any other party to the Transaction Documents (other than Wells Fargo Bank, National Association in any of its capacities under the Transaction Documents); 

(v) the Paying Agent shall not be held responsible or liable for or in respect of, and makes no representation or warranty with
respect to (A) any recording, filing or depositing of this Agreement or any agreement referred to herein or any financing statement, continuation statement or amendments to a financing statement or continuation statement evidencing a security
interest, or to see to the maintenance of any such recording or filing or depositing or to any re-recording, refiling or redepositing of any thereof, or (B) the monitoring, creation, maintenance,
enforceability, existence, status, validity, priority or perfection of any security interest, lien or collateral or the performance of any collateral; and 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 (vi) the Paying Agent shall not be required to take any action hereunder if
it shall have reasonably determined, or shall have been advised by its counsel, that such action is likely to result in liability on the part of the Paying Agent or is contrary to the terms hereof or any other Transaction Document to which it is a
party or is not in accordance with applicable laws. 
 (U) It is expressly understood and agreed by the parties hereto that
the Paying Agent (i) has not provided nor will it provide in the future, any advice, counsel or opinion regarding the tax, financial, investment, securities law or insurance implications and consequences of the consummation, funding and ongoing
administration of this Agreement and the matters contemplated herein, including, but not limited to, income, gift and estate tax issues, and the initial and ongoing selection and monitoring of financing arrangements, (ii) has not made any
investigation as to the accuracy of any representations, warranties or other obligations of any other party to this Agreement or the other Transaction Documents or any other document or instrument and shall not have any liability in connection
therewith and (iii) has not prepared or verified, or shall be responsible or liable for, any information, disclosure or other statement in any disclosure or offering document delivered in connection with this Agreement or the other Transaction
Documents. 
 (V) The recitals contained herein shall not be taken as the statements of the Paying Agent, and the Paying
Agent does not assume any responsibility for their correctness. The Paying Agent does not make any representation regarding the validity, sufficiency, or enforceability of this Agreement or the other Transaction Documents or as to the perfection or
priority of any security interest therein, except as expressly set forth in Section 9.2(C). 
 (W) In the event that
(i) the Paying Agent is unsure as to the application or interpretation of any provision of this Agreement or any other Transaction Document, (ii) this Agreement is silent or is incomplete as to the course of action that the Paying Agent is
required or permitted to take with respect to a particular set of facts, or (iii) more than one methodology can be used to make any determination or calculation to be performed by the Paying Agent hereunder, then the Paying Agent may give
written notice to the Agent requesting written instruction and, to the extent that the Paying Agent acts or refrains from acting in good faith in accordance with any such written instruction, the Paying Agent shall not be personally liable to any
Person. If the Paying Agent shall not have received such written instruction within ten (10) calendar days of delivery of notice to the Agent (or within such shorter period of time as may reasonably be specified in such notice or as may be
necessary under the circumstances) it may, but shall be under no duty to, take or refrain from taking any action, and shall have no liability to any Person for such action or inaction. 

(X) The Paying Agent shall be under no obligation to exercise any of the rights or powers vested in it by this Agreement or any
other Transaction Document or to institute, conduct or defend any litigation hereunder or thereunder or in relation hereto or thereto at the request, order or direction of any of any Person, unless such Person with the 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 requisite authority shall have offered to the Paying Agent security or indemnity
satisfactory to the Paying Agent against the costs, expenses and liabilities (including the reasonable and documented fees and expenses of the Paying Agent’s counsel and agents) which may be incurred therein or thereby. 

(Y) The Paying Agent shall have no duty (i) to maintain or monitor any insurance or (ii) to see to the payment or
discharge of any tax, assessment, or other governmental charge or any lien or encumbrance of any kind owing with respect to, assessed or levied against, any part of the Collateral. 

Section 9.5. Indemnification. The Borrower, the Manager and the Servicer (if the Manager and the Servicer are
Affiliates of the Borrower) agree, jointly and severally, to reimburse and indemnify, defend and hold harmless each of the Paying Agent, the Back-Up Servicer and the Transition Manager, in each case, in its
individual and representative capacities, and its officers, directors, agents and employees (collectively, the “Wells Fargo Indemnified Parties”) against any and all fees, costs, damages, losses, suits, claims, judgments, liabilities,
obligations, penalties, actions, expenses (including the reasonable and documented fees and expenses of counsel) or disbursements of any kind and nature whatsoever, regardless of the merit, which may be imposed on, incurred by or demanded, claimed
or asserted against any of them in any way directly or indirectly relating to or arising out of or in connection with this Agreement or any other Transaction Document or any other document delivered in connection herewith or therewith or the
transactions contemplated hereby or thereby, or the enforcement of any of the terms hereof or thereof or of any such other documents, including in connection with any enforcement (including any action, claim or suit brought) by any Wells Fargo
Indemnified Party of its rights hereunder or thereunder (including rights to indemnification), provided, that none of the Borrower, the Servicer or the Manager shall be liable for any of the foregoing to the extent arising from the gross
negligence, willful misconduct or bad faith of the Paying Agent, the Back-Up Servicer and the Transition Manager, as applicable, as determined by the final judgment of a court of competent jurisdiction, no
longer subject to appeal or review. The provisions of this Section 9.5 shall survive the discharge, termination or assignment of this Agreement or any related agreement or the earlier of the resignation or removal of the Paying Agent, the Back-Up Servicer and the Transition Manager, as applicable. This Section 9.5 shall not apply with respect to Taxes other than any Taxes that represent losses, liabilities, claims and damages arising from any non-Tax Proceeding. The Wells Fargo Parties’ expenses are intended as expenses of administration. 

Section 9.6. Successor Paying Agent. The Paying Agent may resign at any time by giving at least thirty
(30) days’ prior written notice thereof to the other parties hereto; provided, that no such resignation shall become effective until a successor Paying Agent that is satisfactory to the Agent and, to the extent no Event of Default
or Amortization Event has occurred and is continuing, the Borrower has been appointed hereunder. The Paying Agent may be removed at any time for cause by at least thirty (30) days’ prior written notice received by the Paying Agent from the
Agent. Upon any such resignation or removal, the Agent shall have the right to appoint a successor Paying Agent that is satisfactory to the Borrower (unless an Event of Default or Amortization Event has occurred and is continuing). If no successor
Paying Agent shall have been so appointed and shall have accepted such appointment within thirty (30) days after the 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 exiting Paying Agent’s giving notice of resignation or receipt of notice of removal, then the exiting
Paying Agent may, at the sole expense (including all fees, costs and expenses (including attorneys’ reasonable and documented fees and expenses) incurred in connection with such petition) of the Borrower, petition a court of competent
jurisdiction to appoint a successor Paying Agent. Upon the acceptance of any appointment as the Paying Agent hereunder by a successor Paying Agent, such successor Paying Agent shall thereupon succeed to and become vested with all the rights, powers,
privileges and duties of the exiting Paying Agent, and the exiting Paying Agent shall be discharged from its duties and obligations hereunder. After any exiting Paying Agent’s resignation hereunder, the provisions of this Article IX shall
continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as the Paying Agent hereunder. If the Paying Agent consolidates with, merges or converts into, or transfers or sells all or
substantially all its corporate trust business or assets to, another Person, the resulting, surviving or transferee Person without any further act shall be the successor Paying Agent. 

ARTICLE X 

MISCELLANEOUS 

Section 10.1. Survival. All representations and warranties made by the Borrower, the initial Servicer and the
Manager herein and all indemnification obligations of the Borrower, the initial Servicer and the Manager hereunder shall survive, and shall continue in full force and effect, after the making and the repayment of the Advances hereunder and the
termination of this Agreement. 
 Section 10.2. Amendments, Etc. No amendment to or waiver of any provision
of this Agreement, nor consent to any departure therefrom by the parties hereto, shall in any event be effective unless the same shall be in writing and signed by the Agent, on behalf of the Lenders and each Funding Agent, and the Borrower;
provided that no such amendment or waiver shall (i) reduce the amount of or extend the maturity of any Advance or reduce the rate or extend the time of payment of interest thereon, or reduce or alter the timing of any other amount
payable to any Lender hereunder, in each case without the consent of the Lenders affected thereby, (ii) amend, modify or waive any provision of this Section 10.2, or reduce the percentage specified in the definition of the Majority
Lenders, in each case without the written consent of all Lenders, (iii) amend, modify or waive any provision of Sections 7.14 through 7.25 hereof without the written consent of all Funding Agents, (iv) affect the rights or duties of
the Paying Agent, Custodian, Manager, Servicer, Back-Up Servicer, or Transition Manager under this Agreement without the written consent of such Paying Agent, Custodian, Manager, Servicer, Back-Up Servicer, or Transition Manager, respectively, (v) amend or modify any provision of Section 6.1 or Section 6.2 without the consent of all Lenders or (vi) amend or modify the definition of
“Borrowing Base,” or any constituent term thereof in a manner that is adverse to the Lenders without the written consent of all Lenders. The Borrower agrees to provide notice to each party hereto of any amendments to or waivers of any
provision of this Agreement; provided, that the Borrower shall provide the Conduit Lender with prompt written notice of any amendment to any provision of this Agreement, prior to such amendment becoming effective. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Section 10.3. Notices, Etc. All notices and other
communications provided for hereunder shall be in writing and mailed or delivered by courier or facsimile: (A) if to the Borrower, at its address at 20 East Greenway Plaza, Suite 475, Houston, TX 77046, Attention: Chief Financial Officer
and Treasurer, Facsimile: (281) 985-9907, email address: treasury@sunnova.com; (B) if to the Manager, at its address at 20 East Greenway Plaza, Suite 475, Houston, TX 77046, Attention: Chief Financial
Officer and Treasurer, Facsimile: (281) 985-9907), email address: treasury@sunnova.com; (C) if to the Servicer, at its address at 20 East Greenway Plaza, Suite 475, Houston, TX 77046, Attention:
Chief Financial Officer and Treasurer, Facsimile: (281) 985-9907), email address: treasury@sunnova.com; (D) if to the Agent, the CS Funding Agent, or the CS Committed Lender, at its address at
Credit Suisse AG, New York Branch, 11 Madison Avenue, 4th Floor New York, NY 10010, Patrick Duggan (212-325-9078), and Ken Aiani (212) 325-0432), Facsimile: (212) 322-3157, email address: list.afconduitreports@creditsuisse.com and abcp.monitoring@creditsuisse.com; (E) if to the CS Conduit Lender, at
its address at 227 W. Monroe, Suite 4900, Chicago, Illinois 60606, Attn: Operations Department, E-mail: chioperations@guggenheimpartners.com; (F) if to the Paying Agent, at its address at Wells Fargo
Bank, N.A., MAC N9300-061, 600 S. 4th St., Minneapolis, Minnesota 55479, Attention: Corporate Trust Services - Asset-Backed Administration; (G) if to the Back-Up
Servicer, at its address at Wells Fargo Bank, N.A., MAC N9200-061, 600 S. 4th St., Minneapolis, Minnesota 55479, Attention: Corporate Trust Services - Asset-Backed Administration; (H) if to the Transition
Manager, at its address at Wells Fargo Bank, N.A., MAC N9300-061, 600 S. 4th St., Minneapolis, Minnesota 55479, Attention: Corporate Trust Services - Asset-Backed Administration; and (I) in the case of
any party, at such address or other address as shall be designated by such party in a written notice to each of the other parties hereto. Notwithstanding the foregoing, each Monthly Servicer Report described in Section 5.1(B) and each Borrowing
Base Certificate described in Section 2.4(A) may be delivered by electronic mail; provided, that such electronic mail is sent by a Responsible Officer and each such Monthly Servicer Report or Borrowing Base Certificate is accompanied by
an electronic reproduction of the signature of a Responsible Officer of the Borrower. All such notices and communications shall be effective, upon receipt, provided, that notice by facsimile or email shall be effective upon electronic or
telephonic confirmation of receipt from the recipient. 
 Section 10.4. No Waiver; Remedies. No failure on
the part of the Agent or any Lender to exercise, and no delay in exercising, any right hereunder or under the Loan Notes shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further
exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

Section 10.5. Indemnification. The Borrower agrees to indemnify the Agent, the Paying Agent, the Back-Up Servicer, the Transition Manager, the Successor Servicer, the Custodian, each Lender, and their respective Related Parties (collectively, the “Indemnitees”) from and hold each of them
harmless against any and all losses, liabilities, claims, damages or expenses (including fees and expenses of enforcing the Borrower’s indemnification obligations hereunder) to which such Indemnitee may become subject arising out of, resulting
from or in connection with any claim, litigation, investigation or proceeding (each, a “Proceeding” (including any Proceedings under environmental laws)) relating to the Transaction Documents or any other agreement, document,
instrument or transaction related thereto, the use of proceeds thereof and 
  
 [***] =
Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 the transactions contemplated hereby, regardless of whether any Indemnitee is a party thereto and whether or
not such Proceedings are brought by the Borrower, its equity holders, affiliates, creditors or any other third party, and to reimburse each Indemnitee upon written demand therefor (together with reasonable
back-up documentation supporting such reimbursement request) for any reasonable and documented legal or other out-of-pocket
expenses incurred in connection with investigating or defending any of the foregoing of one law firm to such Indemnitees, taken as a whole, and, in the case of a conflict of interest, of one additional counsel to the affected Indemnitee taken as a
whole (and, if reasonably necessary, of one local counsel and/or one regulatory counsel in any material relevant jurisdiction); provided, that the foregoing indemnity and reimbursement obligation will not, as to any Indemnitee, apply to
(A) losses, claims, damages, liabilities or related expenses (i) to the extent they are found in a final non-appealable judgment of a court of competent jurisdiction to arise from the willful
misconduct, bad faith or gross negligence of, or with respect to Indemnitees other than the Paying Agent, the Back-Up Servicer, and the Transition Manager, material breach of the Transaction Documents by, such
Indemnitee or any of its affiliates or controlling persons or any of the officers, directors, employees, advisors or agents of any of the foregoing or (ii) arising out of any claim, litigation, investigation or proceeding that does not involve
an act or omission of the Borrower or any of the Borrower’s Affiliates and that is brought by such Indemnitee against another Indemnitee (other than an Indemnitee acting in its capacity as Paying Agent,
Back-Up Servicer, Transition Manager, agent, arranger or any other similar role in connection with the Transaction Documents) or (B) any settlement entered into by such Indemnitee without the
Borrower’s written consent (such consent not to be unreasonably withheld or delayed). This Section 10.5 shall not apply with respect to Taxes other than any Taxes that represent losses, liabilities, claims and damages arising from any non-Tax Proceeding. Notwithstanding anything to the contrary in this Section 10.5, the provisions of this Section shall be applied without prejudice to, and the provisions shall not have the effect of
diminishing, the rights of the Paying Agent, Back-Up Servicer, and Transition Manager, and any Wells Fargo Indemnitees under Section 9.5 of this Agreement or any other provision of any Transaction
Document providing for the indemnification of any such Persons. 
 Section 10.6. Costs, Expenses and Taxes.
The Borrower agrees to pay all reasonable and documented costs and expenses in connection with the preparation, execution, delivery, filing, recording, administration, modification, amendment and/or waiver of this Agreement, the Loan Notes and the
other documents to be delivered hereunder, including the reasonable fees and out-of-pocket expenses of counsel for the Agent and the Paying Agent with respect thereto
and with respect to advising the Agent and the Paying Agent as to its rights and responsibilities under this Agreement and the other Transaction Documents. The Borrower further agrees to pay on demand all costs and expenses, if any (including
reasonable and documented counsel fees and expenses) (A) in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement, the Loan Notes and the other documents to be delivered hereunder and
(B) incurred by the Agent or the Paying Agent in connection with the transactions described herein and in the other Transaction Documents, or any potential Takeout Transaction, including in any case reasonable and documented counsel fees and
expenses in connection with the enforcement of rights under this Section 10.6. Without limiting the foregoing, the Borrower acknowledges and agrees that the Agent or its counsel may at any time after an Event of Default shall have occurred and
be continuing, engage professional consultants 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 selected by the Agent to conduct additional due diligence with respect to the transactions contemplated
hereby, including (A) review and independently assess the existing methodology employed by the Borrower in allocating Collections with respect to the Collateral, assess the reasonableness of the methodology for the equitable allocation of those
Collections and make any recommendations to amend the methodology, if appropriate, (B) review the financial forecasts submitted by the Borrower to the Agent and assess the reasonableness and feasibility of those forecasts and make any
recommendations based on that review, if appropriate, and (C) verify the asset base of the Borrower and the Borrower’s valuation of its assets, as well as certain matters related thereto. The reasonable and documented fees and expenses of
such professional consultants, in accordance with the provisions of this Section 10.6, shall be at the sole cost and expense of the Borrower. In addition, the Borrower shall pay any and all Other Taxes and agrees to save the Agent, the Paying
Agent and each Lender harmless from and against any and all liabilities with respect to or resulting from any delay in paying or omission to pay such Other Taxes. 

Section 10.7. Right of Set-off; Ratable Payments; Relations Among
Lenders. (A) Upon the occurrence and during the continuance of any Event of Default, and subject to the prior payment of Obligations owed to the Paying Agent, the Back-Up Servicer, and the Transition
Manager, each of the Agent and the Lenders are hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any
time held by and other indebtedness at any time owing to the Agent or such Lender to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement and the Loan
Notes, whether or not the Agent or such Lenders shall have made any demand under this Agreement or the Loan Notes and although such obligations may be unmatured. The Agent and each Lender agrees promptly to notify the Borrower after any such set-off and application; provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Agent and the
Lenders under this Section 10.7(A) are in addition to other rights and remedies (including other rights of set-off) which the Agent and the Lenders may have. 

(B) If any Lender, whether by setoff or otherwise, has payment made to it upon its Advances in a greater proportion than that received by any
other Lender, such other Lender agrees, promptly upon demand, to purchase a portion of the Advances held by the Lenders so that after such purchase each Lender will hold its ratable share of Advances. If any Lender, whether in connection with setoff
or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject to setoff, such Lender agrees, promptly upon written demand, to take such action necessary
such that all Lenders share in the benefits of such collateral ratably in proportion to the obligations owing to them. In case any such payment is disturbed by legal process, or otherwise, appropriate further adjustments shall be made. 

(C) Except with respect to the exercise of set-off rights of any Lender in accordance with
Section 10.7(A), the proceeds of which are applied in accordance with this Agreement, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with
respect to any Collateral or Transaction Document, without the prior written consent of the other Lenders or, as may be provided in this Agreement or the other Transaction Documents, at the direction of the Agent. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (D) The Lenders are not partners or co-venturers,
and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. 

Section 10.8. Binding Effect; Assignment. (a) This Agreement shall be binding upon and inure to the
benefit of the Borrower, the Paying Agent, the Custodian and the Agent and each Lender, and their respective successors and assigns, except that the Borrower shall not have the right to assign its rights hereunder or any interest herein without the
prior written consent of the Agent and the Lenders, and any assignment by the Borrower in violation of this Section 10.8 shall be null and void. Notwithstanding anything to the contrary in the first sentence of this Section 10.8, any
Lender may at any time, without the consent of the Borrower or the Agent, assign all or any portion of its rights under this Agreement and any Loan Note to a Federal Reserve Bank; provided, that no such assignment or pledge shall release the
transferor Lender from its obligations hereunder. Each Lender may assign to one or more banks or other entities all or any part or portion of its rights and obligations hereunder (including, without limitation, its Commitment, its Loan Notes or its
Advances); provided, that each such assignment (A) shall be in form and substance acceptable to the Agent, (B) shall, without limiting the rights of the Borrower under subclause (C) below and unless either (x) such
assignee is a Permitted Assignee or (y) an Event of Default or Amortization Event shall have occurred and is continuing, be approved by the prior written consent of the Borrower (such consent not to unreasonably withheld or delayed), (C) shall
not be made to a Person that is a Disqualified Lender as of the date on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement (the “Trade
Date”) to such Person (unless either (i) an Event of Default or Amortization Event has occurred or (ii) the Borrower has consented to such assignment in writing in its sole and absolute discretion, which, in either such case, such
Person shall not be considered a Disqualified Lender for the purpose of this Agreement), and (D) shall either be made to a Permitted Assignee or to a Person which is acceptable to the Agent in its sole discretion. 

(b) If any assignment is made to a Disqualified Lender in violation of this Section 10.8, the Borrower may, at its sole expense and
effort, upon notice to the applicable Disqualified Lender and the Agent, (A) purchase or prepay the Advances held by such Disqualified Lender by paying the lesser of (x) the principal amount thereof and (y) the amount that such
Disqualified Lender paid to acquire such Advances, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder and/or (B) require such Disqualified Lender to assign, without
recourse (in accordance with and subject to the restrictions contained in this Section 10.8), all of its interest, rights and obligations under this Agreement to one or more banks or other entities at the lesser of (x) the principal amount
thereof and (y) the amount that such Disqualified Lender paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Disqualified Lenders (A) will not, absent an Event of Default or Amortization Event or
consent from the Borrower (x) have the right to receive financial reports that are not publicly available, Monthly Servicer Reports or other reports or confidential information provided to Lenders by the Borrower or the Agent (other than Tax
reporting information with respect to the Advances), (y) attend or participate in meetings with the Borrower attended by the Lenders and the Agent, or (z) access any electronic site maintained by the Borrower or Agent to provide Lenders with
confidential information or confidential communications from counsel to or financial advisors of the Agent and (B) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any
direction to the Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Transaction Document, each Disqualified Lender will be deemed to have consented in the same proportion as the Lenders
that are not Disqualified Lenders consented to such matter, and (y) for purposes of voting on any plan of reorganization or plan of liquidation, each Disqualified Lender party hereto hereby agrees (1) not to vote on such plan, (2) if
such Disqualified Lender does vote on such plan notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code
(or any similar provision in any other debtor relief laws), and such vote shall not be counted in determining whether the applicable class has accepted or rejected such plan in accordance with Section 1126(c) of the Bankruptcy Code (or any
similar provision in any other debtor relief laws) and (3) not to contest any request by any party for a determination by the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2). 

Upon, and to the extent of, any assignment (unless otherwise stated therein) made by any Lender hereunder, the assignee or purchaser of such
assignment shall be a Lender hereunder for all purposes of this Agreement and shall have all the rights, benefits and obligations (including the obligation to provide documentation pursuant to Section 2.15(G)) of a Lender hereunder. Each
Funding Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices a register (the “Register”) for the recordation of the names and addresses of the Lenders in its Lender Group, the
Commitments of and outstanding principal amounts (and accrued interest) of the Advances owing to each Lender in its Lender Group pursuant to the terms hereof from time to time and any assignment of such Commitments of its Committed Lenders and/or
outstanding Advances. The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower, the Paying Agent and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

Any Lender may, without the consent of the Borrower, sell participation interests in its Advances and obligations hereunder to a Person that
is not a Disqualified Lender (each such recipient of a participation a “Participant”); provided, that after giving effect to the sale of such participation, such Lender’s obligations hereunder and rights to consent to
any waiver hereunder or amendment hereof shall remain unchanged, such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, all amounts payable to such Lender hereunder and all rights to consent
to any waiver hereunder or amendment hereof shall be 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 determined as if such Lender had not sold such participation interest, and the Borrower, the Agent and the
other parties hereto shall continue to deal solely and directly with such Lender and not be obligated to deal with such participant. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a
register on which it enters the name and address of each Participant and the outstanding principal amounts (and accrued interest) of each Participant’s interest in the Advances or other obligations under the Transaction Documents (the
“Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Transaction Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, or other
obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender
shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent shall have no
responsibility for maintaining a Participant Register. Each recipient of a participation shall, to the fullest extent permitted by law, have the same rights, benefits and obligations (including the obligation to provide documentation pursuant to
Section 2.15(G)), hereunder with respect to the rights and benefits so participated as it would have if it were a Lender hereunder, except that no Participant shall be entitled to receive any greater payment under Sections 2.11 or 2.15
than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. 

Notwithstanding any other provision of this Agreement to the contrary, (i) a Lender may pledge as collateral, or grant a security
interest in, all or any portion of its rights in, to and under this Agreement to a security trustee in connection with the funding by such Lender of Advances without the consent of the Borrower; provided that no such pledge or grant shall
release such Lender from its obligations under this Agreement and (ii) a Conduit Lender may at any time, without any requirement to obtain the consent of the Agent or the Borrower, pledge or grant a security interest in all or any portion of
its rights (including, without limitation, rights to payment of capital and yield) under this Agreement to a collateral agent or trustee for its commercial paper program. 

Section 10.9. GOVERNING LAW. THIS
AGREEMENT SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK, BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF THAT WOULD CALL
FOR THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION. 

Section 10.10. Jurisdiction. ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THIS AGREEMENT MAY BE BROUGHT IN THE
COURTS OF THE STATE OF NEW YORK (NEW YORK COUNTY) OR OF
THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND BY
EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF THE PARTIES HERETO
CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE
JURISDICTION OF THOSE COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES
ANY OBJECTION, INCLUDING ANY OBJECTION 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
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 TO THE LAYING OF VENUE
OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, OR ANY LEGAL
PROCESS WITH RESPECT TO ITSELF OR ANY OF ITS PROPERTY, WHICH IT
MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR
PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AGREEMENT OR ANY
DOCUMENT RELATED HERETO. EACH OF THE PARTIES HERETO WAIVES PERSONAL SERVICE
OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY
ANY OTHER MEANS PERMITTED BY NEW YORK LAW. 

Section 10.11. Waiver of Jury Trial. ALL PARTIES HEREUNDER
HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON,
OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT, OR
ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR
WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH.
ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND
SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A
MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS AGREEMENT. 

Section 10.12. Section Headings. All section headings are inserted for convenience of reference only and
shall not affect any construction or interpretation of this Agreement. 
 Section 10.13. Tax
Characterization. The parties hereto intend for the transactions effected hereunder to constitute a financing transaction for U.S. federal income tax purposes. 

Section 10.14. Execution. This Agreement may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this
Agreement by facsimile or by e-mail in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 10.15. Limitations on Liability. None of the members, managers, general or limited partners,
officers, employees, agents, shareholders, directors, Affiliates or holders of limited liability company interests of or in the Borrower shall be under any liability to the Agent or the Lenders, respectively, any of their successors or assigns, or
any other Person for any action taken or for refraining from the taking of any action in such capacities or otherwise pursuant to this Agreement or for any obligation or covenant under this Agreement, it being understood that this Agreement and the
obligations created hereunder shall be, to the fullest extent permitted under applicable law, with respect to the Borrower, solely the limited liability company obligations of the Borrower. The Borrower and any member, manager, partner, officer,
employee, agent, shareholder, director, Affiliate or holder of a limited liability company interest of or in the Borrower may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person (other than the
Borrower) respecting any matters arising hereunder. 
 Section 10.16. Confidentiality. (A) Each of the
Parent and the Seller agrees to be bound by all of the confidentiality provisions set forth in the Engagement Letter and any information that is deemed “confidential” under the Engagement Letter shall be deemed confidential hereunder (the
“Confidential Information”). 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -78- 

 (B) Each Lender, each Funding Agent, and the Agent agrees to maintain the confidentiality of
all nonpublic information with respect to the parties herein or any other matters furnished or delivered to it pursuant to or in connection with this Agreement or any other Transaction Document; provided, that such information may be
disclosed (i) to such party’s Affiliates or such party’s or its Affiliates’ officers, directors, employees, agents, accountants, legal counsel and other representatives (collectively “Lender Representatives”), in
each case, who have a need to know such information for the purpose of assisting in the negotiation, completion and administration of the Facility and on a confidential basis, (ii) to any assignee of or participant in, or any prospective
assignee of or participant in, the Facility or any of its rights or obligations under this Agreement, other than a Disqualified Lender, in each case on a confidential basis, (iii) to any financing source, hedge counterparty or other similar
party in connection with financing or risk management activities related to the Facility, (iv) to any Commercial Paper rating agency (including by means of a password protected internet website maintained in connection with Rule 17g-5), (v) to the extent required by applicable Law or by any Governmental Authority, and (vi) to the extent necessary in connection with the enforcement of any Transaction Document. 

The provisions of this Section 10.16(B) shall not apply to information that (i) is or hereafter becomes (through a source other than
the applicable Lender, Funding Agent or the Agent or any Lender Representative associated with such party) generally available to the public, (ii) was rightfully known to the applicable Lender, applicable Funding Agent or the Agent or any
Lender Representative or was rightfully in their possession prior to the date of its disclosure pursuant to this Agreement; (iii) becomes available to the applicable Lender, applicable Funding Agent or the Agent or any Lender Representative
from a third party unless to their knowledge such third party disclosed such information in breach of an obligation of confidentiality to the applicable Lender, applicable Funding Agent or the Agent or any Lender Representative; (iv) has been
approved for release by written authorization of the parties whose information is proposed to be disclosed; or (v) has been independently developed or acquired by any Lender, any Funding Agent or the Agent or any Lender Representative without
violating this Agreement. The provisions of this Section 10.16 shall not prohibit any Lender, any Funding Agent or the Agent from filing with or making available to any judicial, governmental or regulatory agency or providing to any Person with
standing any information or other documents with respect to the Facility as may be required by applicable Law or requested by such judicial, governmental or regulatory agency. 

Section 10.17. Limited Recourse. All amounts payable on or in respect of the Obligations shall constitute
limited recourse obligations of the Borrower secured by, and payable solely from and to the extent of, the Collateral; provided, that (A) the foregoing shall not limit in any manner the ability of the Agent or any other Lender to seek
specific performance of any Obligation (other than the payment of a monetary obligation in excess of the amount payable solely from the Collateral), (B) the provisions of this Section 10.17 shall not limit the right of any Person to name
the Borrower as party defendant in any action, suit or in the exercise of any other remedy under this Agreement or the other Transaction Documents, and (C) when any portion of the 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -79- 

 Collateral is transferred in a transfer permitted under Section 5.2(A)(ii), 5.2(A)(iii) or 5.2(E), by
the Seller pursuant to the Sale and Contribution Agreement, or as otherwise permitted under this Agreement, the security interest in and Lien on such Collateral shall automatically be released, and the Lenders under this Agreement will no longer
have any security interest in, lien on, or claim against such Collateral. No recourse shall be sought or had for the obligations of the Borrower against any Affiliate, director, officer, shareholder, manager or agent of the Borrower other than as
specified in the Transaction Documents. 
 Section 10.18. Customer Identification - USA Patriot Act Notice. The Agent and each Lender hereby notifies the Borrower and the Manager that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L.
107-56, signed into law October 26, 2001) (the “Patriot Act”), and the Agent’s and each Lender’s policies and practices, the Agent and the Lenders are required to obtain, verify
and record certain information and documentation that identifies the Borrower and the Manager, which information includes the name and address of the Borrower and such other information that will allow the Agent or such Lender to identify the
Borrower in accordance with the Patriot Act. 
 Section 10.19. Paying Agent Compliance with Applicable
Anti-Terrorism and Anti-Money Laundering Regulations. In order to comply with laws, rules, regulations and executive orders in effect from time to time
applicable to banking institutions, including, but not limited to those relating to funding of terrorist activities and money laundering, the Paying Agent is required to obtain, verify and record certain information relating to individuals and
entities which maintain a business relationship with the Paying Agent. Accordingly, each of the parties agrees to provide to the Paying Agent upon its request from time to time such identifying information and documentation as may be available for
such party in order to enable the Paying Agent to comply with such laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including, but not limited to those relating to funding of terrorist
activities and money laundering. 
 Section 10.20.
Non-Petition. Each party hereto hereby covenants and agrees that it will not institute against or join any other Person in instituting against the Conduit Lender any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or of any state of the United States or of any other jurisdiction prior to the date which is one year and one day after the payment in
full of all outstanding indebtedness of the Conduit Lender. The agreements set forth in this Section 10.20 and the parties’ respective obligations under this Section 10.20 shall survive the termination of this Agreement. 

Section 10.21. No Recourse. (A) Notwithstanding anything to the contrary contained in this Agreement,
the parties hereto hereby acknowledge and agree that all transactions with a Conduit Lender hereunder shall be without recourse of any kind to such Conduit Lender. A Conduit Lender shall have no liability or obligation hereunder unless and until
such Conduit Lender has received such amounts pursuant to this Agreement. In addition, the parties hereto hereby agree that (i) a Conduit Lender shall have no obligation to pay the parties hereto any amounts constituting fees, reimbursement for
expenses or indemnities (collectively, “Expense Claims”) and such Expense Claims shall not constitute a claim (as defined in Section 101 of 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -80- 

 Title 11 of the United States Bankruptcy Code or similar laws of another jurisdiction) against such Conduit
Lender, unless or until such Conduit Lender has received amounts sufficient to pay such Expense Claims pursuant to this Agreement and such amounts are not required to pay the outstanding indebtedness of such Conduit Lender and (ii) no recourse
shall be sought or had for the obligations of a Conduit Lender hereunder against any Affiliate, director, officer, shareholders, manager or agent of such Conduit Lender. 

(B) The agreements set forth in this Section 10.21 and the parties’ respective obligations under this Section 10.21 shall
survive the termination of this Agreement. 
 Section 10.22. Retention of Equity Interest. The Seller shall
at all times while any Obligation is outstanding, retain (and shall not pledge as collateral) its ownership interest in the Borrower. 

Section 10.23. Additional Back-Up Servicer, Paying Agent and
Transition Manager Provisions. The parties hereto acknowledge that none of the Paying Agent, the Transition Manager, nor the Back-Up Servicer shall be required to act as a “commodity pool
operator” as defined in the Commodity Exchange Act, as amended, or be required to undertake regulatory filings related to this Agreement in connection therewith. 

Section 10.24. Third Party Beneficiaries. The parties hereto agree and acknowledge that the Transition
Manager and the Back-Up Servicer are express third party beneficiaries of the provisions of Sections 2.5, 2.7, 9.4, 9.5 and this Article X, and shall be entitled to enforce their rights hereunder as if direct
parties hereto. 
 Section 10.25. Amendment and Restatement. Each of the Borrower, Manager, Servicer,
Seller, Lenders, Agent, Paying Agent and Custodian acknowledge and agree that, upon the satisfaction of the conditions in Section 3.1, on the Restatement Date, the Original Credit Agreement shall be amended and restated in its entirety by this
Agreement, and the Original Credit Agreement shall thereafter be of no further force and effect, except to evidence (i) the incurrence by the Borrower of the Original Obligations under the Original Credit Agreement (whether or not such
obligations are contingent as of the Restatement Date), (ii) the representations and warranties made by the Borrower prior to the Restatement Date and (iii) any action or omission performed or required to be performed pursuant to such Original
Credit Agreement prior to the Restatement Date (including any failure, prior to the Restatement Date, to comply with the covenants contained in such Original Credit Agreement). The amendments and restatements set forth herein shall not cure any
breach thereof or any “Potential Default” or “Event of Default” under and as defined in the Original Credit Agreement prior to the Restatement Date. It is the intention of each of the parties hereto that the Original Credit
Agreement be amended and restated hereunder so as to preserve the perfection and priority of all Liens securing the “Obligations” under the Transaction Documents and that all “Obligations” of the Borrower hereunder shall continue
to be secured by Liens evidenced under the Security Agreement, and that this Agreement does not constitute a novation or termination of the Indebtedness and obligations existing under the Existing Credit Agreement. The terms and conditions of this
Agreement and the Agent’s and the Lenders’ rights and remedies under this Agreement and the other Transaction Documents shall apply to all of the obligations incurred 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -81- 

 under the Original Credit Agreement. This amendment and restatement is limited as written and is not a
consent to any other amendment, restatement or waiver, whether or not similar and, unless specifically amended hereby or by any other Transaction Document, each of the Transaction Documents shall continue in full force and effect and, from and after
the Restatement Date, all references to the “Credit Agreement” contained therein shall be deemed to refer to this Agreement. Additionally, in connection with the foregoing, the Agent consents to (i) the amendment and restatement of
the Original Parent Guaranty and (ii) the amendment and restatement of (a) the first amended and restated limited liability company agreement of the Borrower (as in effect on the date hereof) and (b) the second amended and restated
limited liability company agreement of the Seller (as in effect on the date hereof), in each case in form and substantive acceptable to the Agent. Notwithstanding anything contained herein to the contrary, the Original Parent Guaranty (as amended
and restated on the date hereof) and the obligations contained therein shall remain in full effect (as amended and restated) as of the Restatement Date and shall survive the termination of the Transaction Documents in effect immediately prior to the
effectiveness of this Agreement. 
 Section 10.26. Direction. Each of the Agent and the Borrower hereby
authorizes and directs the Paying Agent to execute and deliver this Agreement. 
 [Remainder of Page Intentionally Left Blank; Signature
Pages Follow] 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -82- 

 IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	SUNNOVA EZ-OWN PORTFOLIO, LLC
		
	By:	 	 /s/ Christopher Smith

		 	Name: Christopher Smith
		 	Title: Senior Vice President, Head of
          Finance and Treasurer

 [Signature Page to Solar Loan Facility Credit Agreement] 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 
			
	SUNNOVA SLA MANAGEMENT, LLC,
        as Manager
		
	By:	 	 /s/ Christopher Smith

		 	Name: Christopher Smith
		 	Title: Senior Vice President, Head of
          Finance and Treasurer

  

			
	SUNNOVA ASSET PORTFOLIO 7 HOLDINGS, LLC,
        as Seller
		
	By:	 	 /s/ Christopher Smith

		 	Name: Christopher Smith
		 	 Title: Senior Vice President, Head of

          Finance and Treasurer

  

			
	SUNNOVA SLA MANAGEMENT, LLC,
        as Servicer
		
	By:	 	 /s/ Christopher Smith

		 	Name: Christopher Smith
		 	Title: Senior Vice President, Head of
          Finance and Treasurer

 [Signature Page to Solar Loan Facility Credit Agreement] 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 
			
	CREDIT SUISSE AG, New York Branch,
        as Agent
		
	By:	 	 /s/ Patrick Duggan

		 	Name: Patrick Duggan
		 	Title:   Vice President
		
	By:	 	 /s/ Erin McCutcheon

		 	Name: Erin McCutcheon
		 	Title:   Director

  

			
	CREDIT SUISSE AG, Cayman Islands Branch,
        as a Committed Lender
		
	By:	 	 /s/ Erin McCutcheon

		 	Name: Erin McCutcheon
		 	Title:   Director

  

			
	GIFS CAPITAL COMPANY, LLC, as a Conduit
        Lender
		
	By:	 	 /s/ R. Scott Chisholm

		 	Name: R. Scott Chisholm
		 	Title:   Authorized Signer

 [Signature Page to Solar Loan Facility Credit Agreement] 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
        not in its individual capacity but solely as Paying
        Agent
		
	By:	 	 /s/ Jennifer C. Weatberg

		 	Name: Jennifer C. Weatberg
		 	Title:   Vice President

  

			
	U.S. BANK NATIONAL ASSOCIATION,
        as Custodian
		
	By:	 	 /s/ Kenneth Brandt

		 	Name: Kenneth Brandt
		 	Title:   Assistant Vice President

 [Signature Page to Solar Loan Facility Credit Agreement] 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 EXHIBIT A 

DEFINED TERMS 

“1940 Act” shall mean the Investment Company Act of 1940, as amended. 

“A-1 Custodial Certification” shall have the meaning set forth in Section 4(a)
of the Custodial Agreement. 
 “A-2 Custodial Certification” shall have the meaning
set forth in Section 4(b) of the Custodial Agreement. 
 “A.M. Best” shall mean A. M. Best Company, Inc.
and any successor rating agency.  
 “Adjusted LIBOR Rate” shall mean a rate per annum equal to the rate (rounded
upwards, if necessary, to the next higher 1/100 of 1%) obtained by dividing (a) LIBOR by (b) a percentage equal to 100% minus the reserve percentage (rounded upward to the next 1/100th of 1%) in effect on such day and applicable to the
Committed Lender for which this rate is calculated under regulations issued from time to time by the Board of Governors of the Federal Reserve System for determining the maximum reserve requirement (including any emergency, supplemental or other
marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “eurocurrency liabilities”). The Adjusted LIBOR Rate shall be adjusted automatically as of the effective date of any change in such reserve
percentage. 
 “Advance” shall have the meaning set forth in Section 2.2. 

“Advance Rate” shall mean, with respect to each Eligible Solar Loan, the lesser of (A) (i) if the Related Property for
such Eligible Solar Loan is located in a state of the United States and such Eligible Solar Loan is not a Substantial Stage Date Solar Loans, 80%, (ii) if the Related Property for such Eligible Solar Loan is located in an Approved U.S. Territory and
such Eligible Solar Loan is not a Substantial Stage Date Solar Loan, 75% and (iii) if such Eligible Solar Loan is a Substantial Stage Date Solar Loans, 60%; and (B) the amount, expressed as a percentage, determined by dividing (x) 94% of
the purchase price for the related PV System or Independent Energy Storage System (as applicable, in each case as set forth in the related Solar Loan Contract and any installation agreement related thereto) by (y) the Solar Loan Balance for
such Solar Loan. 
 “Affected Party” shall have the meaning set forth in Section 2.11(B). 

“Affiliate” shall mean, with respect to any Person, any other Person that (i) directly or indirectly controls, is
controlled by, or is under direct or indirect common control with such Person, or, (ii) is an officer or director of such Person, and in the case of any Lender that is an investment fund, the investment advisor thereof and any investment fund
having the same investment advisor. A Person shall be deemed to be “controlled by” another Person if such other Person possesses, directly or indirectly, power to (a) vote 50% or more of the securities (on a fully diluted basis)
having ordinary voting power for the election of directors or managing partners of such other Person, or (b) direct or cause the direction of the management and policies of such other Person whether by contract or otherwise. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 “Affiliated Entity” shall mean any of the Parent, the Manager (if the
Manager is an Affiliate of the Borrower), the Servicer (if the Servicer is an Affiliate of the Borrower), the Seller, and any of their respective direct or indirect Subsidiaries and/or Affiliates, whether now existing or hereafter created, organized
or acquired. 
 “Agent” shall have the meaning set forth in the introductory paragraph hereof. 

“Agent’s Account” shall mean the Agent’s bank account designated by the Agent from time to time by written notice
to the Borrower. 
 “Aggregate Commitments” shall mean, at any time, the sum of the Commitments then in effect. The initial
Aggregate Commitments as of the Restatement Date shall be equal to $200,000,000. 
 “Aggregate Solar Loan Balance” shall
mean, on any date of determination, the sum of the Solar Loan Balances of all Eligible Solar Loans. 
 “Agreement” shall
have the meaning set forth in the introductory paragraph hereof. 
 “Allocated Excess Spread Reserve Amount” means the sum
of (a) the product of (i) 1/9, multiplied by (ii) the East Region Substantial Stage Date Solar Asset Reserve Amount, and (b) the product of (i) 1/8, multiplied by (ii) the
Non-East Region Substantial Stage Date Solar Asset Reserve Amount, and (c) the product of (i) 1/5, multiplied by (ii) the Final Stage Date Solar Asset Reserve Amount. 

“Amortization Event” shall mean the occurrence of the any of the following events: 

(i) the occurrence of a Manager Termination Event, provided, that, an Amortization Event shall not occur if a Manager
Termination Event of the type described in Section 7.1(i) of the Management Agreement occurs unless and until the Agent provides notice to the Borrower that such occurrence is an Amortization Event; 

(ii) the occurrence of a Servicer Termination Event, provided, that, an Amortization Event shall not occur if a Servicer
Termination Event of the type described in Section 7.1(i) of the Servicing Agreement occurs unless and until the Agent provides notice to the Borrower that such occurrence is an Amortization Event; 

(iii) the Three Month Rolling Average Delinquency Level is greater than 0.75%; 

(iv) an Event of Default occurs; 

(v) the three-month average Excess Spread is less than 0%; 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -2- 

 (vi) if Sunnova Management is the Manager or Servicer and the sum of
(a) the net cash provided by operating activities of Sunnova Management, as reported in any set of quarterly financial statements delivered pursuant to Section 6(q)(ii) of the Parent Guaranty plus (b) unrestricted cash on hand
held by Sunnova Management as of the date of such financial statements, shall be negative (for purposes of this clause (ix), the term “net cash” and “operating activities” shall have the meanings attributable to such terms under
GAAP); provided, that if (a) on or prior to the date that is fifteen (15) Business Days after the date on which it is determined that such amount is negative, the Parent’s equity holders, any of their Affiliates and any other
Person makes an equity investment to Sunnova Management in cash in an amount not less than such shortfall, and such cash, if so designated by Sunnova Management, be included as unrestricted cash, and (b) any such action described in sub-clause (a) is communicated to the Agent in writing, then no Amortization Event shall be deemed to have occurred or be continuing; 

(vii) Parent breaches any of the Financial Covenants and such breach has not been cured in accordance with Section 6(r) of
the Parent Guaranty; 
 (viii) the Three Month Rolling Average Default Level is greater than 0.50%; or 

(ix) the occurrence of an event of default under a Sunnova Credit Facility; 

provided, that (A) upon the first and second occurrence of an Amortization Event of the type described in clause (iii) above, such
Amortization Event shall terminate on the Payment Date on which the Three Month Rolling Average Delinquency Level is equal to or less than 0.50% for a period of three (3) consecutive calendar months, (B) upon the first and second
occurrence of an Amortization Event of a type described in clause (v) above, such Amortization Event shall continue until the next Payment Date that the three-month average Excess Spread is equal to or greater than 0%, and (C) upon the
first and second occurrence of an Amortization Event of the type described in clause (viii) above, such Amortization Event shall terminate on the Payment Date on which the Three Month Rolling Average Default Level is equal to or less than
0.50%. Upon the third occurrence of an Amortization Event of a type described in clauses (iii), (v) or (viii) above, an Amortization Event shall exist and continue until the aggregate amount of all Obligations has been reduced to zero. 

 “Ancillary Solar Agreements” shall mean in respect of each Eligible Solar Loan, all agreements and documents ancillary
and associated with such Eligible Solar Loan and the related Solar Assets giving rise to amounts included in the Aggregate Solar Loan Balance, which are entered into with an Obligor or approved channel partner in connection therewith, including any
Payment Facilitation Agreement. 
 “Applicable Law” shall mean all applicable laws of any Governmental Authority,
including, without limitation, laws relating to consumer leasing and protection and any ordinances, judgments, decrees, injunctions, writs and orders or like actions of any Governmental Authority and rules and regulations of any federal, regional,
state, county, municipal or other Governmental Authority. 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -3- 

 “Approved Form” means (i) the Solar Loan Contracts and Ancillary Solar
Agreements used by the Seller and Borrower substantially in the form attached as Exhibit H hereto as modified or supplemented pursuant to Section 5.1(W) and (ii) any other form of installment sale contract, loan agreement, or other
financing agreement or promissory note and related solar agreements that are approved by Agent in writing after the Closing Date. 

“Approved Installer” means an installer approved by the Parent to design, procure and install PV Systems or Independent
Energy Storage Systems on the properties of Host Customers and listed on the Parent’s list of approved installers as of the time of installation of an applicable PV System or Independent Energy Storage Systems. 

“Approved U.S. Territory” shall mean Puerto Rico and any other territory of the United States which the Agent has, in its
sole discretion, approved as an Approved U.S. Territory, by providing a written notice to the Borrower regarding the same. 

“Approved Vendor” means a manufacturer of Solar Photovoltaic Panels and Inverters for PV Systems or a manufacturer of battery
storage and/or battery management systems for Energy Storage Systems that was approved by the Parent and listed on the Parent’s list of approved vendors as of the time of installation of an applicable PV System or Energy Storage System. 

“Availability Period” shall mean the period from the Closing Date until the earlier to occur of (i) the Commitment
Termination Date, and (ii) an Amortization Event; provided, however, that if the first or second occurrence of an Amortization Event has subsequently been cured pursuant to the definition of “Amortization Event”, the
Availability Period will continue until the earlier to occur of (i) the Commitment Termination Date and (ii) the next occurrence of an Amortization Event. 

“Back-Up Servicer” shall mean Wells Fargo Bank, National Association, a
national banking association, in its capacity as Back-Up Servicer under the Servicing Agreement, and/or any other Person or entity performing similar services for the Borrower which has been approved in
writing by the Agent. 
 “Back-Up Servicing Fee/Transition Manager Fee”
shall mean the greater of (i) $[***] and (ii) the product of (A) the aggregate outstanding principal balance of Advances as of the first day of the related Collection Period, (B) [***]% and (C) a fraction of (x) the numerator of
which is the number of days in such Collection Period and (y) the denominator of which is 360 for each Collection Period (or, in the case of any partial Collection Period, a pro rated portion of such amount). 

“Base Rate” shall mean, with respect to any Lender for any day, a rate per annum equal to the greater of (i) the prime
rate of interest announced publicly by a Funding Agent with respect to its Lender Group (or the Affiliate of such Lender or Funding Agent, as applicable, that announces such rate) as in effect at its principal office from time to time, changing when
and as said prime rate changes (such rate not necessarily being the lowest or best rate charged by such Person) or, if such Lender, Funding Agent or Affiliate thereof does not publicly announce the prime rate of interest, as quoted in The Wall
Street Journal on such day, and (ii) the sum of 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -4- 

 
(a) 0.50% and (b) the rate equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds
brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the
quotations for such day for such transactions received by such Funding Agent with respect to such Lender Group from three Federal funds brokers of recognized standing selected by it. 

“Bankruptcy Code” shall mean the U.S. Bankruptcy Code, 11 U.S.C. § 101, et seq., as amended. 

“Base Reference Banks” shall mean the principal London offices of Standard Chartered Bank, Lloyds TSB Bank, Royal Bank of
Scotland, Deutsche Bank and the investment banking division of Barclays Bank PLC or such other banks as may be appointed by the Agent with the approval of the Borrower. 

“Basel III” shall mean Basel III: A global regulatory framework for more resilient banks and banking systems prepared by the
Basel Committee on Banking Supervision, and all national implementations thereof. 
 “Borrower” shall have the meaning set
forth in the introductory paragraph hereof. 
 “Borrower’s Account” shall mean (i) the Borrower’s bank
account, described on Schedule II attached hereto, for the account of the Borrower or (ii) such other account as may be designated by the Borrower from time to time by at least ten (10) Business Days’ prior written notice to the Agent
and the Lenders, so long as such other account is acceptable to the Agent in its sole and absolute discretion. 
 “Borrower’s
Portfolio” shall mean the Solar Loans listed on the Schedule of Eligible Solar Loans. 
 “Borrowing
Base” shall mean, as of any date of determination, the product of (a) the Net Aggregate Solar Loan Balance times (b) the Weighted Average Advance Rate applicable on such date. 

“Borrowing Base Certificate” shall mean the certificate in the form of Exhibit B-1
attached hereto. 
 “Borrowing Date” shall mean, (i) with respect to any Advance, the date of the
making of such Advance and (ii) with respect to any addition of Eligible Solar Loans to Borrower’s Portfolio other than in connection with an Advance and solely for purposes of determining or confirming the eligibility of such Solar Loans,
the date such Eligible Solar Loans are transferred to Borrower to cure a Borrowing Base Deficiency pursuant to Section 2.9, which date shall in any case be a Business Day.  

“Borrowing Base Deficiency” shall have the meaning set forth in Section 2.9. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -5- 

 “Breakage Costs” shall mean, with respect to a failure by the Borrower, for
any reason, to borrow any proposed Advance on the date specified in the applicable Notice of Borrowing (including without limitation, as a result of the Borrower’s failure to satisfy any conditions precedent to such borrowing) after providing
such Notice of Borrowing, the resulting loss, cost, expense or liability incurred by reason of the liquidation or reemployment of deposits, actually sustained by the Agent, any Lender or any Funding Agent; provided, however, that the Agent,
such Lender or such Funding Agent shall use commercially reasonable efforts to minimize such loss or expense and shall have delivered to the Borrower a certificate as to the amount of such loss or expense, which certificate shall be conclusive in
the absence of manifest error. 
 “Business Day” shall mean any day other than Saturday, Sunday and any other day on which
commercial banks in New York, New York, Minnesota or California are authorized or required by law to close. 
 “Calculation
Date” shall mean with respect to a Payment Date, the close of business on the last day of the related Collection Period. 

“Capital Stock” shall mean, with respect to any Person, any and all shares, interests, participations or other equivalents,
including membership interests (however designated, whether voting or non-voting) of equity of such Person, including, if such Person is a partnership, partnership interests (whether general or limited) or any
other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, such partnership, but in no event will Capital Stock include any debt securities convertible or
exchangeable into equity unless and until actually converted or exchanged. 
 “Capitalized Interest Amount” means, for any
Solar Loan and on any date of determination, the amount of interest that is to accrue during the ITC Accrual Period on the ITC Payment Amount at the interest rate for such Solar Loan, assuming no prepayment occurs on such Solar Loan after such date
of determination. 
 “Capitalized Interest Reserve Release” means, on any Payment Date, the sum of the Monthly Capitalized
Interest for all Solar Loans that are subject to reserve requirements under the Capitalized Interest Reserve Required Amount immediately prior to such Payment Date.  

“Capitalized Interest Reserve Required Amount” means the sum of the Capitalized Interest Amounts for all Solar Loans owned by
the Borrower.  
 “Change in Law” shall mean (i) the adoption or taking effect of any Law after the date of
this Agreement, (ii) any change in Law or in the administration, interpretation, application or implementation thereof by any Governmental Authority after the date of this Agreement, (iii) the making or issuance of any request, rule,
guideline or directive (whether or not having the force of law) by any Governmental Authority after the date of this Agreement or (iv) compliance by any Affected Party, by any lending office of such Affected Party or by such Affected
Party’s holding company, if any, with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement; provided, that notwithstanding anything
herein to the contrary, (a) the Dodd-Frank Act, (b) Basel III and (c) all 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -6- 

 
requests, rules, guidelines and directives under either of the Dodd-Frank Act or Basel III or issued in connection therewith shall be deemed to be a
“Change in Law,” regardless of the date implemented, enacted, adopted or issued. 
 “Change of Control” shall
mean, the occurrence of one or more of the following events: 
 (i) 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 Parent to any Person or group of related Persons for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (a
“Group”), together with any Affiliates thereof, other than (A) the transfers made to YieldCo or any of its Subsidiaries in connection with an IPO and (B) after the completion of an IPO, with respect to Parent, in each case, any
such sale, lease, exchange or transfer to a Person or Group that is, prior to such, lease, exchange or transfer, an Affiliate of Parent and is controlled (as that term is used in the definition of Affiliate) by Parent; 

(ii) the approval by the holders of Capital Stock of Parent or the Borrower of any plan or proposal for the liquidation or
dissolution of such Person; 
 (iii) any Person or Group shall become the owner, directly or indirectly, beneficially or of
record, of shares representing more than 50% of the aggregate ordinary voting power represented by the issued and outstanding Capital Stock of Parent, other than any Person that is a Permitted Investor or Group that is controlled by a Permitted
Investor or in connection with an IPO, the YieldCo or any of its Subsidiaries; provided that any transfers or issuances of equity of Parent on or after the Closing Date to, among or between a Permitted Investor or any Affiliate thereof, shall
not constitute a “Change of Control” for purposes of this clause (iii); 
 (iv) all of the Capital Stock in the
Borrower shall cease to be owned by the Seller; or 
 (v) all of the Capital Stock in the Borrower shall cease to be directly
or indirectly owned by Parent. 
 “Closing Date” shall mean April 19, 2017. 

“Collateral” shall have the meaning set forth in the Security Agreement. 

“Collection Account” shall have the meaning set forth in Section 8.2(A(ii). 

“Collection Period” shall mean, with respect to a Payment Date, the calendar month preceding the month in which such Payment
Date occurs; provided, however, that with respect to the first Payment Date, the Collection Period will be the period from and including the Closing Date to the end of the calendar month preceding such Payment Date. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -7- 

 “Collections” shall mean, with respect to any Solar Loan and the related
Solar Assets, all Obligor Payments and any other cash proceeds thereof and all Rebates. Without limiting the foregoing, “Collections” shall include any amounts payable to the Borrower (i) with respect to the Solar Loans and related
Solar Assets (including, all contractual payments (including, for the avoidance of doubt, principal, interest, and fees), liquidation proceeds, insurance proceeds, distributions and other proceeds payable under or in connection with any such Solar
Loan and all proceeds from any sale or disposition of any Related Property or proceeds of indemnities or other rights under any other Solar Asset), (ii) under any Hedge Agreement entered into in connection with this Agreement, (iii) in
connection with the sale or disposition of any such Solar Loans or the related Solar Assets, (iv) any indemnities, proceeds or other payments made by a third party with respect to such Solar Loans or the related Solar Assets, and (v) any
Capitalized Interest Reserve Release deposited into the Collection Account from the Liquidity Reserve Account. 
 “Commercial
Paper” shall mean commercial paper, money market notes and other promissory notes and senior indebtedness issued by or on behalf of a Conduit Lender. 

“Commitment” shall mean the obligation of a Committed Lender to fund Advances, as set forth on Exhibit D attached hereto, as
increased and/or reduced from time to time pursuant to Section 2.6 and as amended in connection with assignments made by Committed Lenders pursuant to Section 10.8. If from time to time any Commitment is increased and/or reduced pursuant
to Section 2.6, then the Borrower shall deliver to the Agent an amended Exhibit D setting forth the revised Commitments of the Committed Lenders. If, from time to time, any Lender other than Credit Suisse AG, Cayman Islands Branch becomes a
party to this Agreement as a Committed Lender, then the Agent shall deliver to the Borrower an amended Exhibit D setting forth the revised Commitments of the Committed Lenders. 

“Commitment Termination Date” shall mean the earliest to occur of (i) the Scheduled Commitment Termination Date,
(ii) the occurrence of an Event of Default and declaration of all amounts due in accordance with Section 6.2(B) and (iii) the date of any voluntary termination of the facility by the Borrower. 

“Committed Lender” shall mean each of the CS Committed Lender and each other financial institution identified as such on the
applicable Joinder Agreement that may become a party hereto. 
 “Conduit Lender” shall mean the CS Conduit Lender and each
financial institution identified as such that may become a party hereto. 
 “Confidential Information” shall have the
meaning set forth in Section 10.16(A). 
 “Connection Income Taxes” shall mean Other Connection Taxes that are imposed
on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -8- 

 “Conveyed Property” shall mean the “Seller Conveyed Property” as
defined in Section 2(a) of the Sale and Contribution Agreement. 
 “Corporate Trust Office” With respect to the Paying
Agent, the Back-Up Servicer and the Transition Manager, the corporate trust office thereof at which at any particular time its corporate trust business with respect to the Transaction Documents is conducted,
which office at the date of the execution of this instrument is located at MAC N9300-061, 600 S. 4th St., Minneapolis, Minnesota 55479, Attention: Corporate Trust Services - Asset-Backed Administration, or at
such other address as such party may designate from time to time by notice to the other parties to this Agreement. 
 “Cost of
Funds” shall mean, with respect to any Interest Accrual Period, interest accrued on the Advances during such Interest Accrual Period at the Adjusted LIBOR Rate for such Interest Accrual Period or, if the Adjusted LIBOR Rate is not
available, the Base Rate. For the avoidance of doubt, the Cost of Funds shall not constitute “Confidential Information”. 

“Credit Card Receivable” shall mean Obligor Payments that are made via credit card with respect to an Eligible Solar Loan.

 “CS Committed Lender” shall mean Credit Suisse AG, Cayman Islands Branch. 

“CS Conduit Lender” shall mean GIFS Capital Company, LLC. 

“CS Lender Group” shall mean a group consisting of the CS Conduit Lender, the CS Committed Lender and CSNY, as a Funding
Agent for such Lenders. 
 “CSNY” shall have the meaning set forth in the introductory paragraph hereof. 

“Custodial Agreement” shall mean the Custodial Agreement dated as of or about the Closing Date, by and among the Custodian,
the Borrower, the Servicer and the Agent, as amended, restated, modified or supplemented from time to time. 
 “Custodial Fee
Letter” shall mean the Custodial Fee Letter, dated as of the date hereof, among the Borrower and the Custodian. 

“Custodial Fee” shall mean a fee payable by the Borrower to the Custodian as set forth in the Custodial Fee Letter. 

“Custodian” shall mean U.S. Bank National Association, a national banking association, in its capacity as the provider of
services under the Custodial Agreement and/or any other Person or entity performing similar services for the Borrower which has been approved in writing by the Agent. 

“Custodian File” shall have the meaning set forth in the Custodial Agreement. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -9- 

 “Customer Credit and Collection Policy” shall mean the initial
Servicer’s internal credit and collection policy attached as Exhibit E to the Servicing Agreement; provided that from and after the appointment of a Successor Servicer pursuant to the Servicing Agreement, the “Customer Credit and
Collection Policy” shall mean the collection policy of such Successor Servicer for servicing assets comparable to the Borrower Solar Assets (as defined in the Servicing Agreement). 

“Cut-off Date” shall mean, for each Solar Loan, the date specified as such in
the related Schedule of Eligible Solar Loans, which is the date after which all subsequent collections related to such Solar Loans are sold by the Seller to the Borrower and pledged by the Borrower to the Secured Parties. 

“Default Level” shall mean, for any Collection Period, the quotient (expressed as a percentage) of (i) the sum of the
Solar Loan Balances of all Solar Loans in the Borrower’s Portfolio that became Defaulted Solar Loans during such Collection Period and that did not repay all past due portions of a contractual payment due under the related Solar Loan Contract
by the end of the Collection Period, divided by (ii) the sum of the Solar Loan Balances of all Solar Loans in the Borrower’s Portfolio on the first day of such Collection Period. 

“Defaulted Solar Loan” shall mean a Solar Loan for which (i) the related Obligor is more than one hundred twenty
(120) days past due on any portion of a contractual payment due under the related Solar Loan Contract, (ii) an Insolvency Event has occurred with respect to an Obligor, (iii) the related PV System or Independent Energy Storage System
has been turned off or repossessed by the Servicer or Manager, or (iv) the Servicer has determined that all or any portion of the Solar Loan has been, in accordance with the Customer Credit and Collection Policy, placed on a “non-accrual” status or is “non-collectible,” a charge-off has been taken or any or all of the principal amount due
under such Solar Loan has been reduced or forgiven. For the avoidance of doubt, any past due amounts owed by an original Obligor after reassignment to or execution of a replacement Solar Loan with a new Obligor shall not cause the Solar Loan to be
deemed to be a Defaulted Solar Loan so long as the replacement Solar Loan is otherwise an Eligible Solar Loan at such time. 

“Defaulting Lender” shall mean, subject to Section 2.17(B), any Lender that (a) has failed to fund all or any
portion of its Advances within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Agent and the Borrower in writing that such failure is the result of such Lender’s
determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, (b) has notified the Borrower or
the Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund an Advance
hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public
statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Agent or the Borrower, to confirm in writing to the Agent and the Borrower that it will comply with its prospective funding obligations
hereunder (provided that 
  
 [***] = Certain confidential information contained
in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -10- 

 
such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Agent and the Borrower), or (d) has, or has a direct or
indirect parent company that has, (i) had an Insolvency Event occur with respect to it, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person
charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a
Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide
such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or
disaffirm any contracts or agreements made with such Lender. Any determination by the Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and
such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(B)) upon delivery of written notice of such determination to the Borrower and each Lender. 

“Defective Solar Loan” shall mean a Solar Loan with respect to which it is determined by the Agent (acting at the written
direction of the Majority Lenders) or the Manager, at any time, that the Seller breached as of the Transfer Date for such Solar Loan the representation in Section 6(b) of the Sale and Contribution Agreement, unless such breach has been waived,
in writing, by the Agent, acting at the direction of the Majority Lenders. 
 “Delayed Amount” shall have the meaning set
forth in Section 2.4(D). 
 “Delayed Funding Date” shall have the meaning set forth in Section 2.4(D). 

“Delayed Funding Lender” shall have the meaning set forth in Section 2.4(D). 

“Delayed Funding Notice” shall have the meaning set forth in Section 2.4(D). 

“Delayed Funding Reimbursement Amount” shall have the meaning set forth in Section 2.4(F). 

“Delinquency Level” shall mean, for any Collection Period, the quotient (expressed as a percentage) of (i) the sum of
the Solar Loan Balances of all Eligible Solar Loans that became Delinquent Solar Loans during such Collection Period, divided by (ii) the Aggregate Solar Loan Balance on the first day of such Collection Period. 

“Delinquent Solar Loan” shall mean a Solar Loan for which the related Obligor is more than sixty (60) days past due on
any portion of a contractual payment due under the related Solar Loan. 
 “Disqualified Lender” shall mean any financial
institution or other Persons identified in writing, prior to the Restatement Date, by the Borrower to the Agent and any known Affiliate 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -11- 

 
thereof clearly identifiable on the basis of its name (in each case, other than any Affiliate that is primarily engaged in, or that advises funds or other investment vehicles that are engaged in,
making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit or securities in the ordinary course and with respect to which such financial institution or other Person does not, directly or
indirectly, possess the power to direct or cause the direction of the investment policies of such entity); provided that in no event shall a Lender designated under this Agreement as of the Restatement Date be designated as a Disqualified
Lender. The Borrower may from time to time update the list of Disqualified Lenders provided to the Agent prior to the Restatement Date to (x) include identified Affiliates of financial institutions or other Persons identified pursuant to the
preceding sentence; provided that such updates shall not apply retroactively to disqualify parties that have previously acquired an assignment or participation interest in the Commitment or (y) remove one or more Persons as Disqualified
Lenders (in which case such removed Person or Persons shall no longer constitute Disqualified Lenders). 
 “Distributable
Collections” shall have the meaning set forth in Section 2.7(B). 

“Dodd-Frank Act” shall mean the
Dodd-Frank Wall Street Reform and Consumer Protection Act. 
 “Dollar,”
“Dollars,” “U.S. Dollars” and the symbol “$” shall mean the lawful currency of the United States. 

“East Region” shall mean the states of New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, Rhode Island,
Maryland, Florida, and South Carolina and any other state or territory of the United States consented to by the Agent in writing as an “East Region”. 

“East Region Substantial Stage Date Solar Asset Reserve Amount” shall mean, as of any date of determination the product (i)
9, multiplied by (ii) the sum of (a) the Interest Distribution Amount due and payable on such date and (b) the Net Hedge Payments due and payable on such date, multiplied by (iii) the ratio of (x) the aggregate
principal balance of all Advances related to all Substantial Stage Date Solar Loans the Obligor of which is located in the East Region as of such date divided by (y) the aggregate principal balance of all Advances outstanding as of such
date; provided, however, that solely for the purpose of determining the East Region Substantial Stage Date Solar Asset Reserve Amount as of the Restatement Date, the East Region Substantial Stage Date Solar Asset Reserve Amount shall
be an amount reasonably calculated by the Agent and provided to the Borrower prior to the Restatement Date. 
 “Eligible
Institution” shall mean a commercial bank or trust company having capital and surplus of not less than $[***] in the case of U.S. banks and $[***] (or the U.S. dollar equivalent as of the date of determination) in the case of foreign
banks; provided, however, that a commercial bank which does not satisfy the requirements set forth above shall nonetheless be deemed to be an Eligible Institution for purposes of holding any deposit account or any other account so long as
such commercial bank is a federally or state chartered depository institution subject to regulations regarding fiduciary funds on deposit substantially similar to 12 C.F.R. § 9.10(b) and such account is maintained as a segregated trust
account with the corporate trust department of such bank 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -12- 

 “Eligible Letter of Credit Bank” means a financial institution
(a) organized in the United States, (b) having total assets in excess of $[***] and with a long term rating of at least “A-” by S&P or “A3” by Moody’s and a short term
rating of at least “A-1” by S&P or “P-1” by Moody’s, and (c) approved by the Agent acting on the instructions of the Majority Lenders
(such approval not to be unreasonably delayed withheld or delayed). 
 “Eligible Manager” shall mean Sunnova Management or
any other operating entity which, at the time of its appointment as Manager, (i) is legally qualified and has the capacity to service the Solar Assets related to the Eligible Solar Loans, and (ii) prior to such appointment, is approved in
writing by the Agent as having demonstrated the ability to professionally and competently service a portfolio of assets of a nature similar to the Solar Assets related to the Eligible Solar Loans in accordance with high standards of skill and
care.  
 “Eligible Solar Loan” shall mean, on any date of determination, a Solar Loan: 

(i) that meets all of the requirements specified on Schedule I-A; 

(ii) if such Solar Loan is a PV Solar Loan, that meets all of the requirements specified on Schedule I-B or, if such Solar Loan is an ESS Solar Loan, that meets all of the requirements specified on Schedule I-C; 

(iii) for which the legal title to the Obligor Payments related thereto is vested solely in the Borrower; and 

(iii) all of the ownership interests in which, together with all of the rights in all Solar Assets relating thereto
(a) has been acquired by the Borrower pursuant to the Sale and Contribution Agreement and (b) has not been transferred in connection with a Takeout Transaction or otherwise sold or encumbered by the Borrower except as permitted
hereunder.  
 “Energy Storage System” shall mean an energy storage system to be used in connection with a PV
System, including all equipment related thereto (including any battery management system, wiring, conduits and any replacement or additional parts included from time to time). 

“Engagement Letter” shall mean that certain engagement letter (re: Sunnova Solar Lease Warehouse Facility), dated on or about
March 27, 2019, by and between Credit Suisse Securities (USA) LLC and the Parent. 
 “eOriginal” means eOriginal, Inc.
and its successors and assigns. 
 “Equipment Replacement Reserve Account” shall have the meaning set forth in
Section 8.2(A)(iv). 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -13- 

 “Equipment Replacement Reserve Deposit” shall mean, after the
Commitment Termination Date, the lesser of (i) the sum of (a) the product of (x) 1/12 of $[***] and (y) the aggregate DC nameplate capacity (measured in kW) of all PV Systems related to Solar Loans which are operational (excluding
Transferable Solar Loans) and that have related Solar Loans with remaining terms that exceed the remaining terms of the related manufacturer warranty for the Inverter associated with such PV System plus (b) the product of (x) 1/12 of
$[***] and (y) the aggregate storage capacity (measured in kWh) of the batteries included in Energy Storage Systems (including Independent Energy Storage Systems) related to Solar Loans which are operational (excluding Transferable Solar Loans)
with remaining terms that exceed the remaining terms of the related manufacturer warranty for such Energy Storage System and (ii) the difference of (a) the Equipment Replacement Reserve Required Balance minus (b) the amount on
deposit in the Equipment Replacement Reserve Account; provided, that the Equipment Replacement Reserve Deposit shall not be less than $[***]. 

“Equipment Replacement Reserve Required Balance” shall mean, (i) prior to the Commitment Termination Date, $[***], and
(ii) after the Commitment Termination Date, an amount equal to the sum of (a) the product of (x) $[***] and (y) the aggregate DC nameplate capacity (measured in kW) of all PV Systems owned by the Borrower which are operational
(excluding Transferable Solar Loans) and that have related Solar Loans with remaining terms that exceed the remaining terms of the related manufacturer warranty for the Inverter associated with such PV System and (b) the product of (x) $[***]
and (y) the aggregate storage capacity (measured in kWh) of the batteries included in Energy Storage Systems (including Independent Energy Storage Systems) related to Solar Loans which are operational (excluding Transferable Solar Loans) with
remaining terms that exceed the remaining terms of the related manufacturer warranty for such Energy Storage System. 
 “ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. Section references to ERISA are to ERISA, as in effect at the Restatement Date and any
subsequent provisions of ERISA, amendatory thereof, supplemental thereto or substituted therefor. 
 “ERISA Affiliate”
shall mean each Person (as defined in Section 3(9) of ERISA), which together with the Borrower, would be deemed to be a “single employer” within the meaning of Section 414(b), (c), (m) or (o) of the Internal Revenue Code
or Section 4001(a)(14) or 4001(b)(1) of ERISA. 
 “ERISA Event” shall mean (i) that a Reportable Event has
occurred with respect to any Single-Employer Plan; (ii) the institution of any steps by the Borrower or any ERISA Affiliate, the Pension Benefit Guaranty Corporation or any other Person to terminate any Single-Employer Plan or the occurrence of any event or condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Single-Employer Plan; (iii) the institution of any steps by the Borrower or any ERISA Affiliate to withdraw from any Multi-Employer Plan or Multiple Employer Plan or
written notification of the Borrower or any ERISA Affiliate concerning the imposition of withdrawal liability; (iv) a non-exempt “prohibited transaction” within the meaning of Section 406
of ERISA or Section 4975 of the Internal Revenue Code in connection with any Plan; (v) the cessation of operations at 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -14- 

 
a facility of the Borrower or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; (vi) with respect to a
Single-Employer Plan, a failure to satisfy the minimum funding standard under Section 412 of the Internal Revenue Code or Section 302 of ERISA, whether or not waived; (vii) the conditions for
imposition of a lien under Section 303(k) of ERISA shall have been met with respect to a Single-Employer Plan; (viii) a determination that a Single-Employer
Plan is or is expected to be in “at-risk” status (within the meaning of Section 430(i)(4) of the Internal Revenue Code or Section 303(i)(4) of ERISA); (ix) the insolvency of or commencement
of reorganization proceedings with respect to a Multi-Employer Plan or written notification that a Multi-Employer Plan is in “endangered” or
“critical” status (within the meaning of Section 432 of the Internal Revenue Code or Section 305 of ERISA); or (x) the taking of any action by, or the threatening of the taking of any action by, the Internal Revenue Service,
the Department of Labor or the Pension Benefit Guaranty Corporation with respect to any of the foregoing. 
 “ESS Solar
Loan” shall mean a Solar Loan used solely to finance the acquisition and installation of an Energy Storage System and is capable of delivering electricity to the location where installed without regard to connection to or operability of the
electric grid in such location.  
 “eVault” shall mean the electronic “vault” created and maintained by
eOriginal in order to store documents in electronic form pursuant to an agreement between the Custodian and eOriginal and subject to control in favor of the Agent or any other such electronic “vault” maintained by a provider mutually
agreed upon by the Borrower, the Agent and the Custodian, in which the Borrower’s authoritative electronic copies of the Solar Loan Contracts reside and is subject to control in favor of the Agent. 

“Event of Default” shall mean any of the Events of Default described in Section 6.1. 

“Event of Loss” shall mean the occurrence of an event with respect to a PV System or Independent Energy Storage System if
such PV System or Independent Energy Storage System, as applicable, is damaged or destroyed by fire, theft or other casualty and such PV System or Independent Energy Storage System, as applicable, has become inoperable because of such events. 

“Excess Concentration Amount” shall mean, as of any date of determination, without duplication, the sum of the following:

 (i) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans for which the related Obligor had a
FICO score of less than [***] at the time of origination exceeds 40% of the Aggregate Solar Loan Balance; plus 
 (ii)
the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans for which the related Obligor had a FICO score of less than [***] at the time of origination exceeds 26% of the Aggregate Solar Loan Balance; plus 

(iii) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans for which the related Obligor resides in
the state or territory in the United 
  
 [***] = Certain confidential information
contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -15- 

 
States with the highest concentration of Obligors measured by the aggregate Solar Loan Balance in each state and the Aggregate Solar Loan Balance exceeds 93% of the Aggregate Solar Loan Balance;
plus 
 (iv) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans the related PV System of
which is interconnected to the utility with the highest concentration of interconnected PV Systems measured by the Aggregate Solar Loan Balance exceeds 45% of the Aggregate Solar Loan Balance; plus 

(v) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans the related PV System of which is
interconnected to any one of the two utilities with the first and second highest concentration of interconnected PV Systems measured by the Aggregate Solar Loan Balance exceeds 75% of the Aggregate Solar Loan Balance; plus 

(vi) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans (excluding Final Stage Date Solar Loans
and Substantial Stage Date Solar Loans) for which the related Obligor’s first payment under the related Solar Loan has not been made as of the related Transfer Date but will be due no later than the last day of the Collection Period immediately
following the Collection Period during which the related Transfer Date occurs exceeds 12.5% of the Aggregate Solar Loan Balance; plus 

(vii) the aggregate Solar Loan Balance of all Eligible Solar Loans for which the related Obligor was not a resident of any
state of the United States or, with respect to any ESS Solar Loan or any PV Solar Loan for which the Related Property includes an Energy Storage System, an Approved U.S. Territory at the time of origination; plus 

(viii) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans relating to the approved channel
partner (excluding Trinity Solar, Inc.) with the highest originations measured by the Aggregate Solar Loan Balance exceeds 30% of the Aggregate Solar Loan Balance; plus 

(ix) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans relating to any of the three approved
channel partners (excluding Trinity Solar, Inc.) with the first, second, and third highest originations measured by the Aggregate Solar Loan Balance exceeds 50% of the Aggregate Solar Loan Balance; plus 

(x) the aggregate Solar Loan Balance of all Eligible Solar Loans relating to any one Obligor which exceeds the lesser of
(i) one percent (1.00%) of the Aggregate Commitments and (ii) the U.S. Dollar equivalent of 1.5 million Swiss Francs (calculated at the rate of exchange at which, in accordance with normal banking procedures, the Agent could
purchase with U.S. Dollars, Swiss Francs in New York City, New York, at the close of business on the day prior to such date of determination); plus 

(xi) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans that are ESS Solar Loans for which the
Related Property is located in a state of the United States or an Approved U.S. Territory exceeds 25% of the Aggregate Solar Loan Balance; plus 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -16- 

 (xii) the amount by which the aggregate Solar Loan Balance of all Eligible
Solar Loans for which the Related Property is located in Puerto Rico exceeds 20% of the Aggregate Solar Loan Balance; plus 

(xiii) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans the related approved channel partner of
which is Trinity Solar, Inc. exceeds 45% of the Aggregate Solar Loan Balance; plus 
 (xiv) the amount by which the
aggregate Solar Loan Balance of all Eligible Solar Loans that are PV Solar Loans for which the Related Property includes an Energy Storage System exceeds 50% of the Aggregate Solar Loan Balance; plus 

(xv) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans that are Substantial Stage Date Solar
Loans exceeds 20% of the Aggregate Solar Loan Balance; plus 
 (xvi) the amount by which the aggregate Solar Loan
Balance of all Eligible Solar Loans that are Final Stage Date Solar Loans exceeds 20% of the Aggregate Solar Loan Balance; plus 

(xvii) the amount by which the aggregate Solar Loan Balance of all Eligible Solar Loans that are Substantial Stage Date Solar
Loans or Final Stage Date Solar Loans exceeds 35% of the Aggregate Solar Loan Balance; 
 provided, that with respect to the first Takeout
Transaction that occurs after the Restatement Date in accordance with the terms hereof that does not include Energy Storage Systems (the “Initial Takeout Transaction”), (a) for the period commencing on the effective date of such Initial
Takeout Transaction and ending ninety (90) days thereafter, clauses (xi), (xii), (xiv), (xv), (xvi) and (xvii) above shall not apply and (b) for the period commencing on the ninetieth day
after the effective date of such Initial Takeout Transaction and ending ninety (90) days thereafter, the percentage set forth in clause (xiv) above shall be 60% and the percentage set forth in clause (xv) above shall be
25%; provided, further, that with respect to any Takeout Transaction that occurs after the Initial Takeout Transaction (each such Takeout Transaction, a “Subsequent Takeout Transaction”), (a) for the period commencing on the
effective date of such Subsequent Takeout Transaction and ending ninety (90) days thereafter, clauses (xv), (xvi) and (xvii) above shall not apply. 

“Excess Spread” means, for any Collection Period, the ratio (expressed as a percentage) of: 

(a) the product of: 

(A) the result of 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -17- 

 (I) the sum of (x) all Collections (other than principal payments made
on the Solar Loans and any indemnities or liquidation proceeds attributable to or in lieu of principal payments) received during such Collection Period, and (y) y) the Allocated Excess Spread Reserve Amount, minus 

(II) the sum of (x) all scheduled periodic payments paid by the Borrower under all Hedge Agreements during such
Collection Period, plus (y) the amounts due and owing for such Collection Period pursuant to clauses (i), (ii) and (iv) of Section 2.7(B) (for this clause (II), excluding such
amounts attributable to Advances being prepaid in connection with a Takeout Transaction during such Collection Period, to the extent such Advances are made on Solar Loans which have not had a payment due in such Collection Period), 

times 

(B) 12; 

divided by 
 (b) the
Aggregate Solar Loan Balance as of the first day of such Collection Period. 
 “Excluded Taxes” shall mean any of the
following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (i) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in
each case, (a) imposed as a result of such Recipient being organized under the Laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political
subdivision thereof) or (b) that are Other Connection Taxes, (ii) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or
Commitment pursuant to a Law in effect on the date on which (a) such Lender acquires such interest in the Loan or Commitment or (b) such Lender changes its lending office, except in each case to the extent that, pursuant to
Section 2.15, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, (iii) Taxes
attributable to such Recipient’s failure to comply with Section 2.15(G) and (iv) any U.S. federal withholding Taxes imposed under FATCA. 

“Expense Claim” shall have the meaning set forth in Section 10.21. 

“Facility” shall mean this Agreement together with all other Transaction Documents. 

“Facility Maturity Date” shall mean the Payment Date occurring in November 2022. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -18- 

 “FATCA” shall mean Sections 1471 through 1474 of the Internal Revenue Code,
as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered
into pursuant to Section 1471(b)(1) of the Internal Revenue Code, and any intergovernmental agreements between the United States and another country which modify the provisions of the foregoing. 

“Fee Letters” shall mean (i) that certain fee letter agreement, dated as of the Restatement Date,
entered into by and an among the Agent and the Borrower, (ii) the Lender Fee Letter, (iii) the Engagement Letter, and (iv) any other fee letter between Borrower and any other Lender. 

“Final Stage Date Solar Loan” shall mean a Solar Loan for which the Related Property is fully installed and has reached the
appropriate milestone designation within Parent’s internal system but is not yet placed in service with the applicable utility. 

“Final Stage Date Solar Asset Reserve Amount” shall mean, as of any date of determination, the product of (i) [***],
multiplied by (ii) the sum of (a) the Interest Distribution Amount due and payable on such date and (b) the Net Hedge Payments due and payable on such date, multiplied by (iii) the ratio of (x) the aggregate
principal balance of Advances related to all Final Stage Date Solar Loans as of such date divided by (y) the total principal balance of Advances outstanding as of such date; provided, however, that solely for the purpose of
determining the Final Stage Date Solar Asset Reserve Amount as of the Restatement Date, the Final Stage Date Solar Asset Reserve Amount shall be an amount reasonably calculated by the Agent and provided to the Borrower prior to the Restatement Date.

 “Financial Covenants” shall have the meaning set forth in the Parent Guaranty. 

“Funding Agent” shall mean a Person appointed as a Funding Agent for a Lender Group pursuant to Section 7.14. 

“GAAP” shall mean generally accepted accounting principles as are in effect from time to time and applied on a consistent
basis (except for changes in application in which the Borrower’s independent certified public accountants and the Agent reasonably agree) both as to classification of items and amounts. 

“Governmental Authority” shall mean the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Hedge
Agreement” shall mean, collectively, (i) the related ISDA Master Agreement, the related Schedule to the ISDA Master Agreement, and the related Confirmation or (ii) a long form confirmation, in each case in form and substance
reasonably acceptable to the Agent. 
  
 [***] = Certain confidential information
contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -19- 

 “Hedge Counterparty” shall mean the initial counterparty under a Hedge
Agreement, and any Qualifying Hedge Counterparty to such Hedge Agreement thereafter. 
 “Hedge Requirements” shall mean the
requirements of the Borrower to within two (2) Business Days of the Restatement Date and on each Borrowing Date thereafter, enter into and maintain according to the provisions hereof (for the avoidance of doubt, including breakage or
modification to remain within the required amortizing schedule) one or more (i) fixed-floating interest rate swap agreements at the then applicable Swap Rate or (ii) interest rate cap agreements for which the strike rate is not more than
2.75%. In each case, the interest rate agreement shall be (x) entered into with a Qualifying Hedge Counterparty and (y) on an amortizing schedule that does not exceed 110.0% but is not less than 90.0% of the expected amortization schedule
of the aggregate outstanding principal balance of the Loan Notes associated with the Advance made on such date (unless the notional amount of such swap agreements previously entered into in connection with prior Advances is sufficient to satisfy
such notional balance requirement) on terms and conditions and pursuant to such documentation as shall be reasonably acceptable to the Agent. 

“Holder Rule” means the Federal Trade Commission Trade Regulation Rule Concerning the Preservation of Consumer’s Claims
and Defenses that appears in 16 C.F.R. Part 433. 
 “Indebtedness” shall mean as to any Person at any time, any and all
indebtedness, obligations or liabilities (whether matured or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of: (i) borrowed money; (ii) obligations
of such Person evidenced by bonds, debentures, notes or other similar instruments; (iii) amounts raised under or liabilities in respect of any note purchase or acceptance credit facility; (iv) reimbursement obligations under any letter of
credit, currency swap agreement, interest rate swap, cap, collar or floor agreement or other interest rate management device (other than in connection with this Agreement); (v) obligations of such Person to pay the deferred purchase price of
property or services; (vi) obligations of such Person as lessee under leases which have been or should be in accordance with GAAP recorded as capital leases; (vii) any other transaction (including without limitation forward sale or
purchase agreements, capitalized leases and conditional sales agreements) having the commercial effect of a borrowing of money entered into by such Person to finance its operations or capital requirements, and whether structured as a borrowing, sale
and leaseback or a sale of assets for accounting purposes; (viii) any guaranty or endorsement of, or responsibility for, any Indebtedness of the types described in this definition; (ix) liabilities secured by any Lien on property owned or
acquired, whether or not such a liability shall have been assumed (other than any Permitted Liens); or (x) unvested pension obligations. 

“Indemnified Taxes” shall mean (i) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by
or on account of any obligation of the Borrower under any Transaction Document and (ii) to the extent not otherwise described in clause (i), Other Taxes. 

“Indemnitees” shall have the meaning set forth in Section 10.5. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -20- 

 “Independent Director” shall have the meaning set forth in
Section 5.1(M). 
 “Independent Energy Storage System” shall mean an Energy Storage System acquired or installed with
the proceeds of an ESS Solar Loan. 
 “Insolvency Event” shall mean, with respect to any Person: 

(i) the commencement of: (a) a voluntary case by such Person under the Bankruptcy Code or (b) the seeking of relief
by such Person under other debtor relief Laws in any jurisdiction outside of the United States; 
 (ii) the commencement of
an involuntary case against such Person under the Bankruptcy Code (or other debtor relief Laws) and the petition is not controverted or dismissed within sixty (60) days after commencement of the case; 

(iii) a custodian (as defined in the Bankruptcy Code) (or equal term under any other debtor relief Law) is appointed for, or
takes charge of, all or substantially all of the property of such Person; 
 (iv) such Person commences (including by way of
applying for or consenting to the appointment of, or the taking of possession by, a rehabilitator, receiver, custodian, trustee, conservator or liquidator (or any equal term under any other debtor relief Laws) (collectively, a
“conservator”) of such Person or all or any substantial portion of its property) any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency, liquidation, rehabilitation,
conservatorship or similar law of any jurisdiction whether now or hereafter in effect relating to such Person; 
 (v) such
Person is adjudicated by a court of competent jurisdiction to be insolvent or bankrupt; 
 (vi) any order of relief or other
order approving any such case or proceeding referred to in clauses (i) or (ii) above is entered; 
 (vii) such Person
suffers any appointment of any conservator or the like for it or any substantial part of its property that continues undischarged or unstayed for a period of sixty (60) days; or 

(viii) such Person makes a compromise, arrangement or assignment for the benefit of creditors or generally does not pay its
debts as such debts become due. 
 “Insurance Proceeds” shall mean, any funds, moneys or other net proceeds
received by the Borrower as the payee in connection with the physical loss or damage to a PV System, including lost revenues through business interruption insurance, or any other incident that will be covered by the insurance coverage paid for and
maintained by the Manager on the Borrower’s behalf. 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -21- 

 “Interconnection Agreement” shall mean, with respect to a PV System, a
contractual obligation between a utility and the Obligor that allows the Obligor to interconnect their PV System to the utility electrical grid. 

“Intermediate Holdco” shall mean Sunnova Intermediate Holdings, LLC, a Delaware limited liability company. 

“Interest Accrual Period” shall mean for each Payment Date, the period from and including the immediately preceding Payment
Date to but excluding such Payment Date except that the Interest Accrual Period for the initial Payment Date shall be the actual number of days from and including the Closing Date to, but excluding, the initial Payment Date; provided,
however, that with respect to any application of Distributable Collections pursuant to Sections 2.7(C) on a Business Day other than a Payment Date, the “Interest Accrual Period” shall mean the period from and including the
immediately preceding Payment Date to but excluding such Business Day. 
 “Interest Distribution Amount” shall mean, with
respect to the Advances on any date of determination, an amount equal to the sum of (i) the Cost of Funds for the related Interest Accrual Period, as such amount is reported to the Servicer by the Agent, (ii) the Usage Fees, and
(iii) any unpaid Interest Distribution Amounts from prior Payment Dates plus, to the extent permitted by law, interest thereon at the rate used to calculate the Cost of Funds plus the Usage Fees for such Interest Accrual Period. For the
avoidance of doubt, the Interest Distribution Amount shall not constitute “Confidential Information.” 
 “Interest
Proceeds” means, with respect to any Collection Period, without duplication, the sum of: 
 (a) all payments of
interest and other income received by the Borrower during such Collection Period on the Solar Loans (including interest and other income received on Solar Loans that are sold back to Seller during such Collection Period); 

(b) all amendment and waiver fees, late payment fees, and other fees and commissions received by the Borrower during such
Collection Period; and 
 (c) any other amounts received by the Borrower that the Servicer has determined in good faith
should be treated as Interest Proceeds. 
 “Internal Revenue Code” shall mean the Internal Revenue Code of 1986, as the
same may be amended or supplemented from time to time, or any successor statute, and the rules and regulations thereunder, as the same are from time to time in effect. 

“Inverter” shall mean, with respect to a PV System, the necessary device required to convert the variable direct electrical
current (DC) output from a Solar Photovoltaic Panel into a utility frequency alternating electrical current (AC) that can be used by an Obligor’s home or property, or that can be fed back into a utility electrical grid pursuant to an
Interconnection Agreement. 
  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -22- 

 “IPO” shall mean the issuance by the Parent or any Subsidiary of its
Capital Stock in an underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant to an effective registration statement filed with the
Securities Exchange Commission in accordance with the Securities Act of 1933, as amended. 
 “ITC Accrual Period” means,
for any Solar Loan and on any date of determination, the period starting on such date of determination and ending on the earlier of (a) the date which is 12 months after such date of determination, and (b) the ITC Payment Date for such
Solar Loan. 
 “ITC Payment Date” means, for any Solar Loan, the scheduled date for the prepayment of the Solar Loan
associated with an Obligor’s receipt of the investment tax credit, as set forth in the related Solar Loan Contract. 
 “ITC
Payment Amount” means, for any Solar Loan, the scheduled prepayment amount of the Solar Loan associated with an Obligor’s receipt of the investment tax credit, as set forth in the related Solar Loan Contract, as reduced by prepayments
in accordance with such Solar Loan Contract. 
 “Joinder Agreement” shall mean a joinder agreement, substantially in the
form attached hereto as Exhibit G. 
 “Joinder Date” shall mean the date on which any Lender joins the Facility by
execution of a Joinder Agreement. 
 “Law” shall mean any law (including common law), constitution, statute, treaty,
regulation, rule, ordinance, order, guideline, judgment, injunction, writ, decree or award of any Governmental Authority. 
 “Lender
Fee Letter” shall mean that certain fee letter agreement, dated as of the Restatement Date, entered into by and between the Agent and the Borrower. 

“Lender Group” shall mean a group of Lenders. 

“Lender Group Percentage” shall mean, for any Lender Group, the percentage equivalent of a fraction (expressed out to five
decimal places), the numerator of which is, with respect to each Lender Group, the Commitments of all Lenders in such Lender Group, and the denominator of which is the Aggregate Commitments. 

“Lender Representative” shall have the meaning set forth in Section 10.16(B)(i). 

“Lenders” shall have the meaning set forth in the introductory paragraph hereof. 

“Letter of Credit” means any letter of credit issued by an Eligible Letter of Credit Bank and provided by the Borrower to the
Agent in lieu of or in substitution for moneys otherwise required to be deposited in the Liquidity Reserve Account or the Equipment Reserve Account, as applicable, which Letter of Credit is to be held as an asset of the Liquidity Reserve Account or

  
 [***] = Certain confidential information contained in this document, marked by
brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -23- 

 
the Equipment Reserve Account, as applicable, and which satisfies each of the following criteria: (i) the related account party of which is the Manager or an Affiliate of the Borrower,
(ii) is issued for the benefit of the Paying Agent, (iii) has a stated expiration date of at least 180 days from the date of determination (taking into account any automatic renewal rights), (iv) is payable in Dollars in immediately
available funds to the Paying Agent upon the delivery of a draw certificate duly executed by the Paying Agent stating that (A) an Event of Default or Amortization Event has occurred and is continuing or (B) the issuing bank ceased to be an
Eligible Letter of Credit Bank and the Letter of Credit has not been extended or replaced with a Letter of Credit issued by an Eligible Letter of Credit Bank within ten (10) Business Days such issuing bank ceasing to be an Eligible Letter of
Credit Bank, (v) the funds of any draw request submitted by the Paying Agent in accordance with Sections 8.2(C) and 8.2(D) will be made available in cash no later than two (2) Business Days after the Paying Agent submits the applicable
drawing documents to the related Eligible Letter of Credit Bank, and (vi) that has been reviewed by the Agent and otherwise contains terms and conditions that are acceptable to the Agent. For purposes of determining the amount on deposit in the
Liquidity Reserve Account or the Equipment Reserve Account, as applicable, the Letter of Credit shall be valued at the amount as of any date then available to be drawn under such Letter of Credit. 

“LIBOR” shall mean (a) an interest rate per annum equal to the rate appearing on the applicable Screen Rate; or (b) (if
no Screen Rate is available for U.S. Dollars or the Interest Accrual Period or such Screen Rate ceases to be available), the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Agent at its request quoted by the
Base Reference Banks, in each case at approximately 11:00 A.M., London time, two (2) Business Days prior to the commencement of such Interest Accrual Period for the offering of deposits in U.S. Dollars in the principal amount of the Advances
and for a three (3) month period. Notwithstanding the foregoing, if LIBOR as determined herein would be less than zero (0.00), such rate shall be deemed to be zero percent (0.00%) for purposes of this Agreement. Notwithstanding the foregoing,
if at any time while any Advances are outstanding, the applicable London interbank offered rate described in the definition of Screen Rate ceases to exist or be reported on the Screen Rate, the Agent may select (with notice to any other Lenders and
with the Borrower’s prior written consent, not to be unreasonably withheld or delayed) an alternative rate, including any applicable spread adjustments thereto (the “Alternative Rate”) that in its commercially reasonable
judgment is consistent with the successor for the London interbank offered rate, including any applicable spread adjustments thereto, generally being used in the new issue collateralized loan obligation market and all references herein to
“LIBOR” will mean such Alternative Rate selected by the Agent. 
 “Lien” shall mean any mortgage, deed of trust,
pledge, lien, security interest, charge or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including any conditional sale or title retention arrangement, and any assignment, deposit
arrangement or lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing (whether or not a lien or other encumbrance is created or exists at the time of the filing). 

“Liquidation Fee” shall mean for any Interest Accrual Period for which a reduction of the principal balance of the relevant
Advance is made for any reason, on any day other than the 
  
 [***] = Certain
confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -24- 

 
last day of such Interest Accrual Period, the amount, if any, by which (A) the additional interest (calculated without taking into account any Liquidation Fee or any shortened duration of
such Interest Accrual Period) which would have accrued during the portion of such Interest Accrual Period for which the cost of funding had been established prior to such reduction of the principal balance on the portion of the principal balance so
reduced, exceeds (B) the income, if any, received by the Conduit Lender or the Committed Lender which holds such Advance from the investment of the proceeds of such reductions of principal balance for the portion of such Interest Accrual Period
for which the cost of funding had been established prior to such reduction of the principal balance. A statement as to the amount of any Liquidation Fee (including the computation of such amount) shall be submitted by the affected Conduit Lender or
Committed Lender to the Borrower and shall be prima facie evidence of the matters to which it relates for the purpose of any litigation or arbitration proceedings, absent manifest error or fraud. Such statement shall be submitted five
(5) Business Days prior to such amount being due. 
 “Liquidity Reserve Account” shall have the meaning set forth in
Section 8.2(A)(iii). 
 “Liquidity Reserve Account Required Balance” shall mean, as of any determination date, an
amount equal to the sum of (i) the product of (a) the aggregate outstanding principal balance of all Advances as of such date, times (b) (1) during the Availability Period, 1.00% or (2) after the Availability Period, 0%
plus (ii) the Final Stage Date Solar Asset Reserve Amount plus (iii) the East Region Substantial Stage Date Solar Asset Reserve Amount plus (iv) the Non-East Region
Substantial Stage Date Solar Asset Reserve Amount plus (v) the Capitalized Interest Reserve Required Amount. 
 “Loan
Note” shall mean each Loan Note of the Borrower in the form of Exhibit C attached hereto, payable to the order of a Funding Agent for the benefit of the Lenders in such Funding Agent’s Lender Group, in the aggregate face amount of up
to such Lender Group’s portion of the Maximum Facility Amount, evidencing the aggregate indebtedness of the Borrower to the Lenders in such Funding Agent’s Lender Group. 

“Loan Proceeds Account” shall mean the account designated in the Notice of Borrowing as the account into which the proceeds
of the Advances are remitted. 
 “Lockbox Account” shall have the meaning set forth in Section 8.2(A)(i). 

“Lockbox Agreement” shall mean a Blocked Account Agreement, dated as of the Closing Date, by and among the Borrower, the
Lockbox Bank and the Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. 
 “Lockbox
Bank” shall mean Texas Capital Bank, National Association. 
 “Lockbox Bank Withdrawn Amount” shall have the
meaning set forth in Section 5.1(T). 
 “Majority Lenders” shall mean, as of any date of determination, Lenders (other
than Defaulting Lenders) having Advances equal to or exceeding fifty percent (50%) of all outstanding Advances; provided, that (w) in the event that no Advances are outstanding as of 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -25- 

 
such date, “Majority Lenders” shall mean Agent, (x) so long as CSNY, its Affiliates or any related Conduit Lender with respect to CSNY or its Affiliates (the foregoing
collectively referred to herein as the “Credit Suisse Related Parties”) holds at least twenty-five percent (25%) of Advances, “Majority Lenders” shall include such Credit Suisse Related Party holding such Advances
hereunder and (y) at any time there are two or less Lenders, the term “Majority Lenders” shall mean all Lenders holding at least ten percent (10%) of Advances. For the purposes of determining the number of Lenders in the
foregoing proviso, Affiliates of a Lender shall constitute the same Lender. 
 “Management Agreement” shall mean the
Management Agreement dated as of the Closing Date, by and among the Borrower, the Manager, the Transition Manager and the Agent, as amended, restated, modified or supplemented from time to time. 

“Manager” shall have the meaning set forth in the introductory paragraph hereof. 

“Manager Extraordinary Expenses” shall mean (a) extraordinary expenses incurred by the Manager in accordance with the
Management Standard in connection with (i) its performance of maintenance and operations services on a PV System or Independent Energy Storage System on an emergency basis in order to prevent serious injury, loss or damage to persons or
property (including any injury, loss or damage to a PV System or Independent Energy Storage System, as applicable, caused by a Host Customer), (ii) any litigation pursued by the Manager in respect of Manufacturer Warranties, (iii) any
litigation pursued by the Manager in respect of a Solar Loan and the related Solar Assets, (iv) the replacement of Inverters or Energy Storage Systems that do not have the benefit of a Manufacturer Warranty, to the extent not reimbursed from
the Equipment Replacement Reserve Account, if applicable, or (v) any liquidated damages paid by the Manager to a third party with respect to a Solar Loan and the related Solar Assets to the extent (i) a PV System or Independent Energy
Storage System suffers an Event of Loss, (ii) Insurance Proceeds are reduced by any applicable deductible and (iii) the Manager incurs costs related to the repair, restoration, replacement or rebuilding of such PV System or Independent
Energy Storage System, as applicable, in excess of the Insurance Proceeds, an amount equal to the lesser of such excess and the applicable deductible. 

“Manager Fee” shall have the meaning set forth in Section 2.1(b) of the Management Agreement. 

“Manager Termination Event” shall have the meaning set forth in Section 7.1 of the Management Agreement. 

“Manufacturer’s Warranty” shall mean any warranty given by a manufacturer of a PV System or Energy Storage System
relating to such PV System or Energy Storage System or, in each case, any part or component thereof. 
 “Margin Stock”
shall have the meaning set forth in Regulation U. 
 “Material Adverse Effect” shall mean, any event or circumstance having
a material adverse effect on any of the following: (i) the business, property, operations or financial 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -26- 

 
condition of the Borrower, the Manager, the Servicer, or the Parent, (ii) the ability of the Borrower, the Manager or the Servicer to perform its respective obligations under the Transaction
Documents (including the obligation to pay interest that is due and payable), (iii) the validity or enforceability of, or the legal right to collect amounts due under or with respect to, a material portion of the Eligible Solar Loans, or
(iv) the priority or enforceability of any liens in favor of the Agent. 
 “Maturity Date” shall mean the earliest to
occur of (i) the Facility Maturity Date, (ii) the occurrence of an Event of Default and declaration of all amounts due in accordance with Section 6(B) and (iii) the date of any voluntary termination of the Facility by the
Borrower. 
 “Maximum Facility Amount” shall mean $200,000,000. 

“Minimum Payoff Amount” shall mean, with respect to Solar Loans subject to a Takeout Transaction, an amount of proceeds equal
to the sum of (i) the product of the aggregate Solar Loan Balance of such Solar Loans times the Weighted Average Advance Rate then in effect plus (ii) any accrued interest with respect to the amount of principal of Advances
being prepaid in connection with such Takeout Transaction, plus (iii) any fees due and payable to any Lender or the Agent with respect to such Takeout Transaction; provided that if such Takeout Transaction is being undertaken to
cure an Event of Default, then the Minimum Payoff Amount shall include such additional proceeds as are necessary to cure such Event of Default, if any. 

“Monthly Capitalized Interest” means, for any Solar Loan, the product of (a) 1/12, (b) such Solar Loan’s interest rate,
multiplied by (c) such Solar Loan’s ITC Payment Amount. 
 “Monthly Payment Date” means the Payment Date.

 “Monthly Servicer Report” shall have the meaning set forth in the Servicing Agreement. 

“Moody’s” shall mean Moody’s Investors Service, Inc., or any successor rating agency. 

“Multi-Employer Plan” shall mean a
multi-employer plan, as defined in Section 4001(a)(3) of ERISA to which the Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions or has within any of the preceding
five plan years made or accrued an obligation to make contributions. 
 “Multiple Employer Plan” shall mean a Single
Employer Plan, to which the Borrower or any ERISA Affiliate, and one or more employers other than the Borrower or an ERISA Affiliate, is making or accruing an obligation to make contributions or, in the event that any such plan has been terminated,
to which the Borrower or an ERISA Affiliate made or accrued an obligation to make contributions during any of the five plan years preceding the date of termination of such plan. 

“Nationally Recognized Accounting Firm” shall mean (A) PricewaterhouseCoopers LLP, Ernst & Young LLP, KPMG LLC,
Deloitte LLP and any successors to any such firm and (B) any other public accounting firm designated by the Parent and approved by the Agent, such approval not to be unreasonably withheld or delayed. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -27- 

 “Net Aggregate Solar Loan Balance” means the difference of (x) the
Aggregate Solar Loan Balance minus (y) the Excess Concentration Amount. 
 “Net Hedge Payment” means all
amounts due under any Hedge Agreement less all amounts received under any Hedge Agreement, whether the result is positive or negative. 

“Non-East Region” means any state or territory of the United States that is not an
East Region state or territory. 
 “Non-East Region Substantial Stage Date Solar Asset
Reserve Amount” shall mean, as of any date of determination the product (i) 8, multiplied by (ii) the sum of (a) the Interest Distribution Amount due and payable on such date and (b) the Net Hedge Payments due and
payable on such date, multiplied by (iii) the ratio of (x) the aggregate principal balance of all Advances related to all Substantial Stage Date Solar Loans the Obligor of which is located in the
Non-East Region as of such date divided by (y) the aggregate principal balance of all Advances outstanding as of such date; provided, however, that solely for the purpose of
determining the Non-East Region Substantial Stage Date Solar Asset Reserve Amount as of the Restatement Date, the Non-East Region Substantial Stage Date Solar Asset
Reserve Amount shall be an amount reasonably calculated by the Agent and provided to the Borrower prior to the Restatement Date. 
 “Non-Performing Solar Loan” shall mean a Solar Loan that was classified as a Re-Performing Solar Loan but ceases to be a
Re-Performing Solar Loan in accordance with the definition thereof.  
 “Notice of
Borrowing” shall have the meaning set forth in Section 2.4(A). 
 “Obligations” shall mean and include, with
respect to each of the Borrower or Parent, respectively, all loans, advances, debts, liabilities, obligations, covenants and duties owing by such Person to the Agent, the Paying Agent, the Back-Up Servicer,
the Transition Manager, or any Lender of any kind or nature, present or future, arising under this Agreement, the Loan Notes, the Security Agreement, any of the other Transaction Documents or any other instruments, documents or agreements executed
and/or delivered in connection with any of the foregoing, but, in the case of Parent, solely to the extent Parent is a party thereto, whether or not for the payment of money, whether arising by reason of an extension of credit, the issuance of a
letter of credit, a loan, guaranty, indemnification or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising. The term includes the
principal amount of all Advances, together with interest, charges, expenses, fees, attorneys’ and paralegals’ fees and expenses, any other sums chargeable to the Borrower or Parent, as the case may be, under this Agreement or any other
Transaction Document pursuant to which it arose but, in the case of Parent, solely to the extent Parent is a party thereto. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -28- 

 “Obligor” shall mean an obligor under a Solar Loan. 

“Obligor Payments” shall mean with respect to a Solar Loan, all principal, interest, fees and other payments due from an
Obligor under or in respect of such Solar Loan. 
 “OFAC” shall have the meaning set forth in Section 4.1(R). 

“Officer’s Certificate” shall mean a certificate signed by an authorized officer of an entity. 

“Original Credit Agreement” shall have the meaning set forth in the recitals. 

“Original Obligations” shall mean the Obligations (as defined in the Original Credit Agreement) arisings under the Original
Credit Agreement and the transactions contemplated thereby. 
 “Original Parent Guaranty” shall mean the Amended and
Restated Pledge and Limited Performance Guaranty, dated as of November 8, 2018, by the Parent and Seller, for the benefit of the Borrower and the Agent. 

“Other Connection Taxes” shall mean, with respect to any Recipient, Taxes imposed as a result of a present or former
connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced any Transaction Document, or sold or assigned an interest in any Solar Loan and the related Solar Assets or Transaction Document). 

“Other Taxes” shall mean all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes
that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Transaction Document, except any such
Taxes that are Other Connection Taxes imposed with respect to an assignment. 
 “Parent” shall mean Sunnova Energy
Corporation, a Delaware corporation. 
 “Parent Guaranty” shall mean the Second Amended and Restated Limited Performance
Guaranty, dated as of the Restatement Date by the Parent for the benefit of the Borrower and the Agent. 
 “Participant”
shall have the meaning set forth in Section 10.8. 
 “Participant Register” shall have the meaning set forth in
Section 10.8. 
 “Parts” shall mean components of a PV System. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -29- 

 “Patriot Act” shall have the meaning set forth in Section 10.18. 

“Paying Agent” shall have the meaning set forth in the introductory paragraph hereof. 

“Paying Agent Account” shall have the meaning set forth in Section 8.2(A)(v).  

“Paying Agent Fee” shall mean a fee payable by the Borrower to the Paying Agent as set forth in the Paying Agent Fee Letter.

 “Paying Agent Fee Letter” shall mean that certain letter agreement dated February 28, 2017, between the Borrower
and the Paying Agent. 
 “Paying Agent Fee Rate” shall have the meaning set forth in the Paying Agent Fee Letter. 

“Payment Date” shall mean the shall mean the 20th day of each calendar month or, if such 20th day is not a Business Day, the
next succeeding Business Day. 
 “Payment Facilitation Agreement” shall mean each modification, waiver or amendment
agreement (including a replacement Solar Loan) entered into by the Servicer in accordance with the Servicing Standard (as defined in the Servicing Agreement) and the Servicing Agreement on behalf of the Borrower relating to a Solar Loan. 

“Payment Facilitation Amount” shall mean, with respect to any Solar Asset for which a Payment Facilitation Agreement has been
completed, an amount equal to the excess, if any, of (i) the Solar Loan Balance of such Solar Asset immediately prior to such Payment Facilitation Agreement being completed (which includes any past due amounts), over (ii) the Solar Loan
Balance of such Solar Asset immediately after completion of such Payment Facilitation Agreement. For the avoidance of doubt, the Solar Loan Balance to be used in the calculation of clause (ii) will be determined in accordance with the terms of
the Payment Facilitation Agreement. 
 “Permits” shall mean, with respect to any PV System, the applicable permits,
franchises, leases, orders, licenses, notices, certifications, approvals, exemptions, qualifications, rights or authorizations from or registration, notice or filing with any Governmental Authority required to operate such PV System. 

“Permitted Assignee” means (a) a Lender or any of its Affiliates, (b) any Person managed by a Lender or any of its
Affiliates, and (c) any Program Support Provider for any Conduit Lender, an Affiliate of any Program Support Provider, or any commercial paper conduit administered, sponsored or managed by a Lender or to which a
non-Conduit Lender provides liquidity support, an Affiliate of a Lender or an Affiliate of an entity that administers or manages a Lender or with respect to which the related Program Support Provider of such
commercial paper conduit is a Lender. 
 “Permitted Indebtedness” shall mean Indebtedness under the Transaction Documents.

  
 [***] = Certain confidential information contained in this document, marked by
brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -30- 

 “Permitted Investments” shall mean any one or more of the following
obligations or securities: (i) (a) direct interest bearing obligations of, and interest-bearing obligations guaranteed as to payment of principal and interest by, the United States or any agency or instrumentality of the United States the
obligations of which are backed by the full faith and credit of the United States; (b) direct interest-bearing obligations of, and interest-bearing obligations guaranteed as to payment of principal and interest by, the Federal National Mortgage
Association or the Federal Home Loan Mortgage Corporation, but only if, at the time of investment, such obligations are assigned the highest credit rating by S&P; and (c) evidence of ownership of a proportionate interest in specified
obligations described in (a) and/or (b) above; (ii) demand, time deposits, money market deposit accounts, certificates of deposit of, and federal funds sold by, depository institutions or trust companies incorporated under the laws of the
United States of America or any state thereof (or domestic branches of foreign banks), subject to supervision and examination by federal or state banking or depository institution authorities, and having, at the time of a relevant Borrower’s
investment or contractual commitment to invest therein, a short term unsecured debt rating of “A-1” by S&P; (iii) securities bearing interest or sold at a discount issued by any corporation
incorporated under the laws of the United States of America or any state thereof which have a rating of no less than “A-1+” by S&P and a maturity of no more than 365 days; (iv) commercial
paper (including both non-interest bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more than one year after the closing date thereof) of any
corporation (other than the Parent), incorporated under the laws of the United States of America or any state thereof, that, at the time of the investment or contractual commitment to invest therein, a rating of
“A-1” by S&P; (v) money market mutual funds, or any other mutual funds registered under the 1940 Act which invest only in other Permitted Investments, having a rating, at the time of such
investment, in the highest rating category by S&P; (vi) money market deposit accounts, demand deposits, time deposits or certificates of deposit of any depository institution or trust company incorporated under the laws of the United States
of America or any state thereof and subject to supervision and examination by federal or state banking or depository institution authorities; provided, however, that at the time of the investment or contractual commitment to invest therein, the
commercial paper or other short-term unsecured debt obligations (other than such obligations the rating of which is based on the credit of a Person other than such depository institution or trust company) thereof will be rated “A-1+” by S&P, including proprietary money market funds offered or managed by Wells Fargo Bank, National Association or an Affiliate thereof; (vii) repurchase agreements with respect to
obligations of, or guaranteed as to principal and interest by, the United States of America or any agency or instrumentality thereof when such obligations are backed by the full faith and credit of the United States of America; provided,
however, that the unsecured obligations of the party agreeing to repurchase such obligations at the time have a credit rating of no less than the A-1 by S&P; and (viii) any investment agreement
(including guaranteed investment certificates, forward delivery agreements, repurchase agreements or similar obligations) with an entity which on the date of acquisition has a credit rating of no less than the
A-1 by S&P, in each case denominated in or redeemable in Dollars. 
 “Permitted
Investor” shall mean collectively, Energy Capital Partners III, LP, Energy Capital Partners III-A, LP, Energy Capital Partners III-B, LP, Energy Capital
Partners III-C, LP, Energy Capital Partners-D, LP, Quantum Strategic Partners and each of their Permitted Transferees (as defined in the Investors Agreement, dated as of
March 29, 2018, by and among the Parent and the other signatories thereto). 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -31- 

 “Permitted Liens” shall mean (i) any lien for taxes, assessments and
governmental charges or levies owed by the applicable asset owner and not yet due and payable or which are being contested in good faith, (ii) Liens in favor of the Agent (or in favor of the Borrower and created pursuant to the Transaction
Documents), (iii) solely in the case of Final Stage Date Solar Loans and Substantial Stage Date Solar Loans, workmen’s, mechanic’s, or similar statutory Liens securing obligations owing to approved channel partners (or subcontractors of
channel partners) which are not yet due or for which reserves in accordance with GAAP have been established; provided that any such Solar Asset shall be classified as a Defective Solar Loan if not resolved within sixty (60) days of such
Solar Asset receiving permission to operate from the applicable Governmental Authority, and (iv) to the extent a PV System or Energy Storage System constitutes a fixture, any conflicting interest of an encumbrancer or owner of the real property
that has or would have priority over the applicable UCC fixture filing (or jurisdictional equivalent) so long as any such lien does not adversely affect the rights of the Borrower of the Agent. 

“Person” shall mean any individual, corporation (including a business trust), partnership, limited liability company, joint-stock company, trust, unincorporated organization or association, joint venture, government or political subdivision or agency thereof, or any other entity. 

“Plan” shall mean an employee pension benefit plan which is covered by Title IV of ERISA or subject to the minimum funding
standards under Section 412 of the Internal Revenue Code as to which the Borrower or any Affiliate may have any liability. 

“Pledge Agreement” shall mean the Pledge Agreement, dated as of the Restatement Date, by the Seller in favor of the Agent, as
amended, restated, modified or supplemented from time to time. 
 “Potential Amortization Event” shall mean any event or
condition which with notice, passage of time or both would constitute an Amortization Event. 
 “Potential Default” shall
mean any event or condition which with notice, passage of time or both would constitute an Event of Default. 
 “Preliminary A-1 Custodial Certification” shall have the meaning set forth in Section 4(a) of the Custodial Agreement. 

“Program Support Provider” means and includes any Person now or hereafter extending liquidity or credit or having a
commitment to extend liquidity or credit to or for the account of, or to make purchases from, a Conduit Lender (or any related commercial paper issuer that finances such Conduit Lender) in support of commercial paper issued, directly or indirectly,
by such Conduit Lender in order to fund Advances made by such Conduit Lender hereunder or issuing a letter of credit, surety bond or other instrument to support any obligations arising under or in connection with such Conduit Lender’s or such
related issuer’s commercial paper program, 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -32- 

 
but only to the extent that such letter of credit, surety bond, or other instrument supported either Commercial Paper issued to make Advances hereunder or was dedicated to that Program Support
Provider’s support of the Conduit Lender as a whole rather than one particular issuer within such Conduit Lender’s commercial paper program. 

“PV Solar Loan” shall mean a Solar Loan used to finance the acquisition and installation of a PV System.  

“PV System” shall mean a photovoltaic system, including Solar Photovoltaic Panels, Inverters, Racking Systems, any Energy
Storage System installed in connection therewith, wiring and other electrical devices, as applicable, conduits, weatherproof housings, hardware, remote monitoring equipment, connectors, meters, disconnects and over current devices (including any
replacement or additional parts included from time to time). 
 “Qualifying Hedge Counterparty” shall mean (i) a
counterparty which at all times satisfies all then applicable counterparty criteria of S&P or Moody’s for eligibility to serve as counterparty under a structured finance transaction rated “A+”, in the case of S&P or
“A1”, in the case of Moody’s or (ii) an affiliate of any Funding Agent (in which case rating agency counterparty criteria shall not be applicable). 

“Qualifying Hedge Counterparty Joinder” shall mean that certain Joinder Agreement executed by a Qualifying Hedge Counterparty
and acknowledged by the Agent, a copy of which shall be provided to all Parties to this Agreement. 
 “Racking System”
shall mean, with respect to a PV System, the hardware required to mount and securely fasten a Solar Photovoltaic Panel onto the Obligor site where the PV System is located. 

“Re-Performing Solar Loan” shall mean a Solar Loan that is classified as a Defaulted
Solar Loan solely pursuant to clause (i) of the definition thereof that, no later than sixty (60) days after the date on which such Solar Loan became a Defaulted Solar Loan, becomes current in accordance with the Customer Credit and
Collection Policy so long as such Solar Loan does not become a Defaulted Solar Loan pursuant to any other clause of the definition thereof and the related Obligor continues to make all contractual payments in accordance with terms of the related
Solar Loan Contract, including any modified repayment plan thereunder.  
 “Rebate” shall mean any rebate by an
electric distribution company, or state or local governmental authority or quasi governmental agency as an inducement to install or use a PV System, paid upon such PV System being placed in service. 

“Recipient” shall mean the Agent, the Lenders or any other recipient of any payment to be made by or on account of any
obligation of the Borrower under this Agreement or any other Transaction Document. 
 “Refund Price” shall have the meaning
set forth in the Sale and Contribution Agreement. 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -33 

 “Register” shall have the meaning set forth in Section 10.8. 

“Related Parties” shall mean, with respect to any Person, such Person’s Affiliates and the directors, officers,
employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Related Property” means, with
respect to a Solar Loan, the PV System or Energy Storage System, as applicable, Rebates and any other property or other assets of the Obligor and all proceeds thereof pledged as collateral to secure the repayment of such Solar Loan. 

“Reportable Event” shall mean a reportable event as defined in Section 4043 of ERISA and the regulations issued under
such Section, with respect to a Plan, excluding, however, such events as to which the Pension Benefit Guaranty Corporation by regulation or by public notice waived the requirement of Section 4043(a) of ERISA that it be notified within thirty
(30) days of the occurrence of such event, provided, that a failure to meet the minimum funding standard of Section 412 of the Internal Revenue Code and of Section 302 of ERISA shall be a Reportable Event regardless of the
issuance of any such waivers in accordance with either Section 4043(a) of ERISA or Section 412(d) of the Internal Revenue Code. 

“Required Lockbox Reserve Amount” shall have the meaning set forth in Section 8.2(E). 

“Responsible Officer” shall mean, (x) with respect to the Paying Agent, the Transition Manager and the Back-Up Servicer, any President, Vice President, Assistant Vice President, Assistant Secretary, Assistant Treasurer or Corporate Trust Officer, or any other officer in the Corporate Trust Office customarily
performing functions similar to those performed by any of the above designated officers, in each case having direct responsibility for the administration of this Agreement or the Servicing Agreement or the Management Agreement, as applicable; and
(y) with respect to any other party hereto, any corporation, limited liability company or partnership, the chairman of the board, the president, any vice president, the secretary, the treasurer, any assistant secretary, any assistant treasurer,
managing member and each other officer of such corporation or limited liability company or the general partner of such partnership specifically authorized in resolutions of the board of directors of such corporation or managing member of such
limited liability company to sign agreements, instruments or other documents in connection with the Transaction Documents on behalf of such corporation, limited liability company or partnership, as the case may be, and who is authorized to act
therefor. 
 “Restatement Date” shall mean March 27, 2019. 

“Restatement Date Flow of Funds Memorandum” shall mean a flow of funds memorandum in respect of the distribution of the
proceeds of the Advance made on the Restatement Date signed by the Borrower. 
 “S&P” shall mean Standard and
Poor’s Rating Group, a division of Standard & Poor’s Financial Services, LLC, or any successor rating agency. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -34- 

 “Sale and Contribution Agreement” shall mean the Sale and Contribution
Agreement dated as of or about the Closing Date, by and between the Seller and the Borrower, as amended, restated, modified or supplemented from time to time. 

“Schedule of Eligible Solar Loans” shall mean, as the context may require, the schedule of Eligible Solar Loans, which
schedule may be updated from time to time in accordance with the terms of this Agreement. 
 “Scheduled Commitment Termination
Date” shall mean, unless otherwise extended pursuant to and in accordance with Section 2.14, the Payment Date occurring in May 2022. 

“Screen Rate” shall mean the London interbank offer rate administered by ICE Benchmark Administration Limited for the
relevant currency and period displayed on the appropriate page of the Thomson Reuters screen. If the agreed page is replaced or service ceases to be available, the Agent may specify another page or service displaying the same rate after consultation
with the Borrower and the Majority Lenders. 
 “Secured Parties” shall mean the Agent, each Lender and each Qualifying
Hedge Counterparty. 
 “Security Agreement” shall mean the Security Agreement, dated as of the Closing Date, executed and
delivered by the Borrower in favor of the Agent, for the benefit of the Secured Parties, as amended, restated, modified or supplemented from time to time. 

“Seller” shall have the meaning set forth in the introductory paragraph hereof. 

“Servicer” shall have the meaning set forth in the introductory paragraph hereof. 

“Servicer Extraordinary Expenses” shall mean extraordinary expenses incurred by the Servicer in accordance with the Servicing
Standard in connection with any litigation, arbitration or enforcement proceeding pursued by the Servicer in respect of a Solar Loan. 

“Servicer Fee” shall have the meaning set forth in Section 2.1(b) of the Servicing Agreement. 

“Servicer Termination Event” shall have the meaning set forth in Section 7.1 of the Servicing Agreement. 

“Servicing Agreement” shall mean the Amended and Restated Servicing Agreement dated as of the Restatement Date, by and among
the Borrower, the Servicer, the Back-Up Servicer and the Agent, as amended, restated, modified or supplemented from time to time. 

“Single Employer Plan” shall mean any “employee pension benefit plan” (as such term is defined in Section 3(2)
of ERISA), other than a Multi-Employer Plan, that is subject to Title IV of ERISA or Section 412 of the Internal Revenue Code and is sponsored or maintained by the Borrower or any ERISA Affiliate or for
which the Borrower or any ERISA Affiliate may have liability by reason of being deemed to be a contributing sponsor under Section 4069 of ERISA. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 -35- 

 “Solar Asset” means, with respect to a Solar Loan, the right title and
interest in: 
 (i) the Related Property related to such Solar Loan; 

(ii) the Ancillary Solar Agreements related to such Solar Loan, along with any other electronic or paper documents, files and
records that the Seller or Servicer has kept or may keep with respect to such Solar Loan in accordance with its usual and customary procedures; 

(iii) all Collections received with respect to such Solar Loan on or after the date of sale to the Borrower, including any
payments of principal and interest, and other payments from or for the account of the obligors thereon; and 
 (iv) all
present and future claims, demands, causes and choses in action in respect of any or all of the foregoing and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all of the foregoing, including all
proceeds of the conversion, voluntary or involuntary, into cash or other liquid property, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, insurance proceeds, rights to payment of
any and every kind and other forms of obligations and receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the foregoing. 

“Solar Loan” means a Solar Loan Contract between an Obligor and an approved channel partner to finance an Obligor’s
purchase of a PV System or Independent Energy Storage System which is subsequently acquired by Parent and sold to Seller and then sold to Borrower. 

“Solar Loan Balance” means, with respect to any Solar Loan, as of any date of determination, the outstanding principal
balance under the related Solar Loan (or, in the case of any Substantial Stage Date Solar Loan, the amount disbursed to channel partners for services rendered on the applicable Solar Loan Contract), excluding any capitalized interest. 

“Solar Loan Contract” shall mean the loan and security agreement, home improvement agreement, or retail installment and
security agreement entered into among the Obligor and an approved channel partner on an Approved Form evidencing a Solar Loan. 

“Solar Loan Servicing Files” shall mean such files, documents, and computer files (including those documents comprising the
Custodian File) necessary for the Servicer to perform the services described in the Servicing Agreement. 
 “Solar Photovoltaic
Panel” shall mean, with respect to a PV System, the necessary hardware component that uses wafers made of silicon, cadmium telluride, or any other suitable material, to generate a direct electrical current (DC) output using energy from
the sun’s light. 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -36- 

 “SREC” shall mean a solar renewable energy certificate
representing any and all environmental credits, benefits, emissions reductions, offsets and allowances, howsoever entitled, that are created or otherwise arise from a PV System’s generation of electricity, including, but not limited to, a solar
renewable energy certificate issued to comply with a State’s renewable portfolio standard.  
 “Subsidiary”
shall mean, with respect to any Person at any time, (i) any corporation or trust of which 50% or more (by number of shares or number of votes) of the outstanding Capital Stock or shares of beneficial interest normally entitled to vote for
the election of one or more directors, managers or trustees (regardless of any contingency which does or may suspend or dilute the voting rights) is at such time owned directly or indirectly by such Person or one or more of such Person’s
subsidiaries, or any partnership of which such Person or any of such Peron’s Subsidiaries is a general partner or of which 50% or more of the partnership interests is at the time directly or indirectly owned by such Person or one or more of
such Person’s subsidiaries, and (ii) any corporation, trust, partnership or other entity which is controlled or capable of being controlled by such Person or one or more of such Person’s subsidiaries. 

“Substantial Stage Date Solar Loan” shall mean a Solar Loan with respect to which the Related Property has not yet been
installed but for which the Parent or an Affiliate thereof has issued a “notice to proceed” confirming that the Obligor has signed a Solar Loan Contract and a channel partner has submitted a final design proposal and such proposal has been
approved by the Parent or an Affiliate thereof. 
 “Successor Manager” shall mean a successor Manager appointed pursuant to
the Management Agreement. 
 “Successor Servicer” shall have the meaning set forth in the Servicing Agreement. 

“Sunnova Credit Facility” shall mean any financing agreement providing extensions of credit to the Parent or its Subsidiaries
in which the Administrative Agent or its affiliates is a lender, agent or noteholder thereunder. 
 “Sunnova Management”
shall mean Sunnova SLA Management, LLC, a Delaware limited liability company. 
 “Swap Rate” shall mean, the then current
fixed versus LIBOR swap rate associated with the weighted average life of the expected amortization schedule of the Aggregate Outstanding Advances which is determined by the Agent’s proprietary model and mutually agreed upon by the Agent and
the Borrower.  
 “Takeout Agreements” shall mean agreements, instruments, documents and other records entered into
in connection with a Takeout Transaction. 
 “Takeout Transaction” means (x) any sale, assignment or other transfer of
Solar Loans and the related Solar Assets and related Collateral by the Borrower to any of its Affiliates (including a special purpose bankruptcy remote subsidiary of the Seller) or to a third party, in 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -37- 

 
each case, in an arms’ length transaction, which Collateral is used to secure or provide for the payment of amounts owing (or to be owing) or expected as a result of the issuance of equity
or debt securities or other Indebtedness by a Person other than the Borrower that are backed by such Collateral (a “Financing Transaction”); provided, that immediately after giving effect to such Financing Transaction,
(i) no Event of Default exists (unless such Event of Default would be cured by application of the net proceeds of such Financing Transaction), (ii) an amount equal to the greater of $[***] or the Minimum Payoff Amount for the Solar Loans and
related Solar Assets removed from the Borrower in the Financing Transaction shall be deposited into the Takeout Transaction Account for distribution in accordance with Section 2.7(C), (iii) there are no selection procedures utilized which are
materially adverse to the Lenders with respect to those Solar Loans and related Solar Assets assigned by the Borrower in the Financing Transaction (it being understood that this clause (iii) shall not prohibit the consummation of a Financing
Transaction that does not include Energy Storage Systems) and (iv) such Financing Transaction is not guaranteed by and has no material recourse to the Borrower (except that such assets are being sold and assigned by it free and clear of all
Liens) or to the Seller, (y) a financing arrangement, securitization, sale or other disposition of Solar Loans and related Solar Assets and related Collateral entered into by the Borrower or any of its Affiliates other than under this Agreement
so long as (1) all proceeds of such transaction shall have been deposited into the Takeout Transaction Account and (2) all Obligations shall have been paid down to zero, or (z) any other financing arrangement, securitization, sale or
other disposition of Solar Loans and the related Solar Assets and related Collateral (either directly or through the sale or other disposition of the Capital Stock of any Borrower) entered into by the Borrower or any of its Affiliates other than
under this Agreement that is not a Financing Transaction and that has been consented to in writing by the Agent and the Majority Lenders. 

“Takeout Transaction Account” shall have the meaning set forth in Section 8.2(A)(v). 

“Taxes” shall mean all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup
withholding), assessments, fees or other charges imposed by any Governmental Authority, and including any interest, additions to tax or penalties applicable thereto. 

“Three Month Rolling Average Default Level” shall mean, for any Payment Date, the average of the Default Levels for the last
three (3) Collection Periods.  
 “Three Month Rolling Average Delinquency Level” shall mean, for any Payment
Date, the average of the Delinquency Levels for the last three (3) Collection Periods.  
 “Transaction
Documents” shall mean this Agreement, the Loan Notes, the Security Agreement, each Fee Letter, the Paying Agent Fee Letter, the Servicing Agreement, the Management Agreement, the Custodial Agreement, the Sale and Contribution Agreement, the
Lockbox Agreement, the Parent Guaranty, each Hedge Agreement, and any other agreements, instruments, certificates or documents delivered hereunder or thereunder or in connection herewith or therewith, and “Transaction Document” shall mean
any of the Transaction Documents. 
  
 [***] = Certain confidential information
contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -38- 

 “Transfer Date” shall mean the date set forth in the relevant Transfer
Certificate (as defined in the Sale and Contribution Agreement). 
 “Transferable Solar Loan” shall mean any Solar Loan
that constitutes a Defaulted Solar Loan, or Delinquent Solar Loan. 
 “Transition Manager” shall mean Wells Fargo Bank,
National Association, a national banking association, in its capacity as Transition Manager under the Management Agreement and/or any other Person or entity performing similar services for the Borrower which has been approved in writing by the
Agent.  
 “UCC” shall mean the Uniform Commercial Code as from time to time in effect in any applicable
jurisdiction. 
 “Underwriting and Reassignment Credit Policy” shall mean the Servicer’s internal underwriting and
reassignment policy attached as Exhibit D to the Servicing Agreement. 
 “United States” shall mean the United States of
America. 
 “Unused Line Fee” shall have the meaning set forth in Section 2.5(A). 

“Unused Line Fee Percentage” shall mean, with respect to any calendar month, (i) if the average Usage Percentage is less
than 50.00% during such calendar month 0.60% per annum, and (ii) if the Usage Percentage is greater than or equal to 50.00% during such calendar month, 0.50% per annum. 

“Unused Portion of the Commitments” shall mean, with respect to a Lender Group on any day, the excess of (x) the
Commitment of the Committed Lender in such Lender Group as of 5:00 P.M. (New York City time) on such day, over (y) the sum of the aggregate outstanding principal balance of the Advances of all of the Lenders in such Lender Group as of 5:00 P.M.
(New York City time) on such day. 
 “Usage Fee” shall mean, with respect to all Advances, the product of (i) the
Usage Fee Rate, times (ii) the daily average outstanding principal balance of all Advances during the related Interest Accrual Period, times (iii) the actual number of days in such Interest Accrual Period, divided by 360. For
the avoidance of doubt, Usage Fees do not constitute “Confidential Information”. 
 “Usage Fee Rate” shall have
the meaning set forth in the Lender Fee Letter. 
 “Usage Percentage” shall mean, as of any date of determination, a
percentage equal to (i) the daily average outstanding principal balance of all Advances during the related Interest Accrual Period divided by (ii) the Aggregate Commitments as of such date. 

“U.S. Person” shall mean any Person who is a U.S. person within the meaning of Section 7701(a)(30) of the Internal
Revenue Code. 
  
 [***] = Certain confidential information contained in this document,
marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -39- 

 “U.S. Tax Compliance Certificate” shall have the meaning set forth in
Section 2.15(G)(ii)(b)(3). 
 “Weighted Average Advance Rate” shall mean, as of any date of determination with respect
to all Eligible Solar Loans, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate applicable to each such Eligible Solar Loan times (ii) the portion of the Aggregate Solar Loan Balance
attributable to such Eligible Solar Loan and (b) dividing such sum by the Aggregate Solar Loan Balance as of such date of determination. 

“YieldCo” shall mean (a) any limited partnership or limited liability company whose sole general partner or controlling
member is directly or indirectly controlled by the Parent and that has issued equity interests that are or are proposed to be listed on a national securities exchange, and (b) all Subsidiaries of any such limited partnership or limited
liability company. 
  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -40- 

 EXHIBIT B-1 

FORM OF BORROWING BASE CERTIFICATE 

BORROWING BASE CERTIFICATE 

SUNNOVA EZ-OWN PORTFOLIO, LLC 

[                ], 20[    ] 

In connection with that certain Amended and Restated Credit Agreement, dated as of March 27, 2019 (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein but not defined herein shall have the definitions given thereto in the Credit Agreement), by and among Sunnova EZ-Own Portfolio, LLC, as Borrower (the “Borrower”), Sunnova SLA Management, LLC, as Manager and as Servicer, Sunnova Asset Portfolio 7 Holdings, LLC, as Seller, Credit Suisse AG, New York Branch,
as agent for the financial institutions that may become parties thereto as Lenders, the Lenders, Wells Fargo Bank, National Association, as Paying Agent, and U.S. Bank National Association, as Custodian, the Borrower hereby certifies that: 

1. The sum of all outstanding Advances will not exceed the then Aggregate Commitment [plus any Advances approved in excess of
such Aggregate Commitment pursuant to Section 2.16 of the Credit Agreement], after giving effect to the Advance requested in the attached Borrowing Notice. 

2. The attached Schedule I sets forth the borrowing base calculations reflecting a Borrowing Base that equals or exceeds the
sum of the outstanding Advances after giving effect to the Advance requested (the “Borrowing Base Calculations”) and provides all data used, in Excel format, to calculate the foregoing as of the Borrowing Date and the computations
reflected in the Borrowing Base Calculations are true, correct and complete. 
 3. The attached Schedule II set forth the
Excess Concentration Amount calculations (the “Excess Concentration Amount Calculation”) and provides all data used, in Excel format, to calculate the foregoing as of the date set forth above and the computations reflected in the Excess
Concentration Amount Calculation are true, correct and complete. 
 4. Each Solar Loan included in the Borrowing Base
Calculations constitutes an Eligible Solar Loan as of the date hereof and the Excess Concentration Amount Calculation has been computed based on the information known to Borrower or Servicer as of the date hereof. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 Capitalized terms used but not defined herein shall have the meanings specified in the
Credit Agreement. 
 IN WITNESS WHEREOF, the undersigned has executed this certificate as of
the date first written above. 
  

			
	
	 SUNNOVA EZ-OWN
PORTFOLIO, LLC,
 as Borrower

		
	 By:
	 	  

		 	Name:
	 	 	Title:

  
 [***] = Certain confidential information contained
in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit B-1-2 

 SCHEDULE I 

Borrowing Base Calculation 
  

					
	 1. The Aggregate Solar Loan Balance
	  	$	 	 
	 2. Excess Concentration Amount (see Line 49 of Schedule II)
	  	$	 	 
	 3. Line 1 minus Line 2
	  	$	 	 
	 4. Line 3 times [    ]% (the “Borrowing Base”)1
	  	$	 	 
	 5. Maximum Facility Amount
	  	$	200,000,000.00	 
	 6. The lesser of Line 4 or Line 5
	  	$	 	 

  

	1 	 Applicable Weighted Average Advance Rate to be inserted. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit B-1-3 

 SCHEDULE II 

Excess Concentration Amount Calculation 
  

					
	 1. Aggregate Solar Loan Balance
	  	$	                     	 
	 2. The aggregate Solar Loan Balance for Eligible Solar Loans in which the related Obligor had a
FICO score of less than [***] at the time of origination
	  	$	 	 
	 3. Line 1 times 40%
	  	$	 	 
	 4. Line 2 minus 3 (enter $0 if less than $0)
	  	$	 	 
	 5. The aggregate Solar Loan Balance for Eligible Solar Loans in which the related Obligor had a
FICO score of less than [***] at the time of origination
	  	$	 	 
	 6. Line 1 times 26%
	  	$	 	 
	 7. Line 5 minus Line 6 (enter $0 if less than $0)
	  	$	 	 
	 8. The aggregate Solar Loan Balance for Eligible Solar Loans in which the related Obligor resides
in the state or territory in the United States with the highest concentration of Obligors measured by the aggregate Solar Loan Balance in each state and the Aggregate Solar Loan Balance
	  	$	 	 
	 9. Line 1 times 93%
	  	$	 	 
	 10. Line 8 minus Line 9 (enter $0 if less than $0)
	  	$	 	 
	 11. The aggregate Solar Loan Balance for all Eligible Solar Loans the related PV System of which
is interconnected to the utility with the highest concentration of interconnected PV Systems measured by the Aggregate Solar Loan Balance
	  	$	 	 
	 12. Line 1 times 45%
	  	$	 	 
	 13. Line 33 minus Line 34 (enter $0 if less than $0)
	  	$	 	 
	 14. The aggregate Solar Loan Balance for all Eligible Solar Loans the related PV System of which
is interconnected to any one of the two utilities with the first and second highest concentration of interconnected PV Systems measured by the Aggregate Solar Loan Balance
	  	$	 	 
	 15. Line 1 times 75%
	  	$	 	 
	 16. Line 36 minus Line 37 (enter $0 if less than $0)
	  	$	 	 

  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 Exhibit B-1-4 

					
	 17. The aggregate Solar Loan Balance for Eligible Solar Loans in which the related Obligor’s
first payment under the related Solar Loan will not be paid as of the date hereof but will be due no later than the last day of the Collection Period immediately following the Collection Period during which the related Transfer Date occurs
	  	$	                     	 
	 18. Line 1 times 12.5%
	  	$	 	 
	 19. Line 20 minus Line 21 (enter $0 if less than $0)
	  	$	 	 
	 20. The aggregate Solar Loan Balance of all Eligible Solar Loans for which the related Obligor was
not a resident of any state of the United States or, with respect to any ESS Solar Loan or any PV Solar Loan for which the Related Property includes an Energy Storage System, an Approved U.S. Territory at the time of origination;
	  	$	 	 
	 21. The aggregate Solar Loan Balance for all Eligible Solar Loans relating to the approved channel
partner (other than Trinity Solar, Inc.) with the highest originations measured by the Aggregate Solar Loan Balance
	  	$	 	 
	 22. Line 1 times 30%
	  	$	 	 
	 23. Line 22 minus Line 21 (enter $0 if less than $0)
	  	$	 	 
	 24. The aggregate Solar Loan Balance for all Eligible Solar Loans relating to the three approved
channel partners (other than Trinity Solar, Inc.) with the first, second, and third highest originations measured by the Aggregate Solar Loan Balance
	  	$	 	 
	 25. Line 1 times 50%
	  	$	 	 
	 26. Line 24 minus Line 25 (enter $0 if less than $0)
	  	$	 	 
	 27. The aggregate Solar Loan Balance for Eligible Solar Loans relating to any one Obligor which
exceeds the lesser of (i) one percent (1.00%) of the Aggregate Commitments and (ii) U.S. Dollar equivalent of 1.5 million Swiss Francs (calculated at the rate of exchange at which, in accordance with normal banking procedures, the
Agent could purchase with U.S. Dollars, Swiss Francs in New York City, New York, at the close of business on the day prior to such date of determination
	  	$	 	 
	 28. The aggregate Solar Loan Balance for all Eligible Solar Loans that are ESS Solar Loans for
which the Related Property is located in a state of the United States or an Approved U.S. Territory
	  	$	 	 
	 29. Line 1 times 25%
	  	$	 	 
	 30. Line 28 minus Line 29 (enter $0 if less than $0)
	  	$	 	 
	 31. The aggregate Solar Loan Balance for all Eligible Solar Loans for which the Related Property
is located in Puerto Rico
	  	$	 	 
	 32. Line 1 times 20%
	  	$	 	 
	 33. Line 31 minus Line 32 (enter $0 if less than $0)
	  	$	 	 

  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit B-1-5 

					
	 34. The aggregate Solar Loan Balance for all Eligible Solar Loans the approved channel partner of
which is Trinity Solar, Inc.
	  	$	                     	 
	 35. Line 1 times 45%
	  	$	 	 
	 36. Line 34 minus Line 35 (enter $0 if less than $0)
	  	$	 	 
	 37. The aggregate Solar Loan Balance for all Eligible Solar Loans that are PV Solar Loans for
which the Related Property includes an Energy Storage System
	  	$	 	 
	 38. Line 1 times 50%
	  	$	 	 
	 39. Line 37 minus Line 38 (enter $0 if less than $0)
	  	$	 	 
	 40. The aggregate Solar Loan Balance for all Eligible Solar Loans that are Substantial Stage Date
Solar Loans
	  	$	 	 
	 41. Line 1 times 20%
	  	$	 	 
	 42. Line 40 minus Line 41 (enter $0 if less than $0)
	  	$	 	 
	 43. The aggregate Solar Loan Balance for all Eligible Solar Loans that are Final Stage Date Solar
Loans
	  	$	 	 
	 44. Line 1 times 20%
	  	$	 	 
	 45. Line 43 minus Line 44 (enter $0 if less than $0)
	  	$	 	 
	 46. The aggregate Solar Loan Balance for all Eligible Solar Loans that are both Substantial Stage
Date Solar Loans and Final Stage Date Solar Loans
	  	$	 	 
	 47. Line 1 times 35%
	  	$	 	 
	 48. Line 46 minus Line 47 (enter $0 if less than $0)
	  	$	 	 
	 49. The sum of Line 4 plus Line 7 plus Line 10 plus Line 13 plus Line
16 plus Line 19 plus Line 20 plus Line 23 plus Line 26 plus Line 27 plus Line 30 plus Line 33 plus Line 36 plus Line 39 plus Line 42 plus Line 45 plus Line
48
(the “Excess Concentration Amount”)
	  	$	 	 

  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit B-1-6 

 EXHIBIT B-2 

FORM OF NOTICE OF BORROWING 

                        ,
20     
  

	To:	 Credit Suisse AG, New York Branch, as Agent and as Funding Agent 

11 Madison Avenue, 4th Floor 
 New
York, NY 10010 
 Attention: Patrick Duggan 

[                       
             ], as Funding Agent 

[                       
             ] 

[                       
             ] 

[                       
             ] 
 Ladies and Gentlemen: 

Reference is made to the Amended and Restated Credit Agreement, dated as of March 27, 2019 (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and among Sunnova EZ-Own Portfolio, LLC, as Borrower (the “Borrower”), Sunnova SLA Management, LLC, as
Manager and as Servicer, Sunnova Asset Portfolio 7 Holdings, LLC, as Seller, Credit Suisse AG, New York Branch, as Agent for the financial institutions that may from time to time become parties thereto as Lenders (in such capacity, the
“Agent”), the Lenders, Wells Fargo Bank, National Association, as Paying Agent and U.S. Bank National Association, as Custodian. Capitalized terms used herein but not defined herein shall have the meanings assigned to such terms in
the Credit Agreement. 
 A: In accordance with Section 2.4 of the Credit Agreement, the Borrower hereby requests that the Lenders
provide Advances based on the following criteria: 
 1. Aggregate principal amount of Advances requested:
$[                ] 
 2. Allocated amount of
such Advance to be paid by the Lenders in each Lender Group: 
  

					
	 CS Lender Group
	  	$	[                	] 
	
[                   
     ]
	  	$	                 	 

  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 3. Requested Borrowing Date:
                , 20        2 

4. $                    
should be transferred to the Liquidity Reserve Account 
 5.
$                     should be transferred to the Equipment Reserve Account 

Account(s) to which Funding Agents should wire the balance of the requested funds: 

Bank Name:
[                                    ] 

ABA No.:
[                                    ] 

Account Name:
[                                    ] 

Account No.:
[                                    ] 

Reference:
[                                    ] 

6. Attached to this notice as Exhibit A is the Borrowing Base Certificate in connection with these Advances. 

 

			
	 Very truly yours,

	
	 SUNNOVA EZ-OWN
PORTFOLIO, LLC

		
	 By:
	 	 
		 	Name:
		 	Title:

  

	2 	 No earlier than two Business Days after the date of delivery of this Notice of Borrowing.

  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit B-2-2 

 EXHIBIT C 

FORM OF LOAN NOTE 

LOAN NOTE 
  

			
	 Up to $200,000,000.00
	  	[                ], 2019
		  	New York, New York

 Reference is made to that certain Amended and Restated Credit Agreement, dated as of March 27, 2019 (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Sunnova EZ-Own Portfolio, LLC (the “Borrower”), Sunnova SLA
Management, LLC, as manager, and as servicer, Sunnova Asset Portfolio 7 Holdings, LLC, as seller, Credit Suisse AG, New York Branch, as agent for the Lenders (including any Conduit Lender) that may become parties thereto, the Lenders, Wells Fargo
Bank, National Association, paying agent and U.S. Bank National Association as custodian. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 

FOR VALUE RECEIVED, the Borrower hereby promises to pay CREDIT
SUISSE AG, NEW YORK BRANCH, as Funding Agent, for the benefit of the Lenders in its Lender Group (the “Loan Note Holder”) on the Commitment Termination Date or such earlier
date as provided in the Credit Agreement (whether or not shown on Schedule I attached hereto (or such electronic counterpart)), in immediately available funds in lawful money of the United States the principal amount of up to TWO
HUNDRED MILLION DOLLARS ($200,000,000) or, if less, the aggregate unpaid principal amount of all Advances made by the Lenders in the Loan Note Holder’s Lender Group to the Borrower pursuant to the
Credit Agreement together with all accrued but unpaid interest thereon. 
 The Borrower also agrees to pay interest in like money to the
Loan Note Holder, for the benefit of the Lenders in its Lender Group, on the unpaid principal amount of each such Advance from time to time from the date of each such Advance until payment in full thereof at the rate or rates and on the dates set
forth in the Credit Agreement. 
 This Loan Note is one of the Loan Notes referred to in, and is entitled to the benefits of, the Credit
Agreement, which, among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of the principal hereof prior to the maturity hereof upon the terms and
conditions specified therein and is secured by the Collateral including the Solar Loans and the related Solar Assets. 
 In the event of any
inconsistency between the provisions of this Loan Note and the provisions of the Credit Agreement, the Credit Agreement will prevail. 

THIS LOAN NOTE SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
OBLIGATIONS LAWS OF THE STATE OF NEW YORK BUT OTHERWISE WITHOUT
REGARD TO CONFLICTS OF LAW PRINCIPLES). 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

 ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THIS LOAN NOTE MAY BE BROUGHT IN THE
COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES
FOR THE SOUTHERN DISTRICT OF NEW YORK, AND BY EXECUTION AND DELIVERY
OF THIS LOAN NOTE, EACH OF THE PARTIES HERETO CONSENTS, FOR ITSELF
AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF
THOSE COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY OBJECTION,
INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE
GROUNDS OF FORUM NON CONVENIENS, OR ANY LEGAL PROCESS WITH RESPECT TO
ITSELF OR ANY OF ITS PROPERTY, WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION
IN RESPECT OF THIS LOAN NOTE OR ANY DOCUMENT RELATED HERETO. EACH
OF THE PARTIES HERETO WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT
OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED
BY NEW YORK LAW. 
 ALL PARTIES
HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY
HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS LOAN
NOTE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER
ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR
THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL
AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS
A MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS LOAN NOTE.

 This Loan Note may be transferred or assigned by the holder hereof at any time, subject to compliance with any applicable law. This Loan
Note shall be binding upon the Borrower and shall inure to the benefit of the holder hereof and its successors and assigns. The obligations and liabilities of the Borrower hereunder may not be assigned to any Person without the prior written consent
of the holder hereof. Any such assignment in violation of this paragraph shall be void and of no force or effect. 
 Demand, presentment,
protest and notice of nonpayment and protest are hereby waived by the Borrower. 
 [Signature page follows.] 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit C-2 

 IN WITNESS WHEREOF, this Loan Note has been
duly executed and delivered on behalf of the Borrower by its duly authorized officer on the date and year first written above. 
  

			
	 SUNNOVA EZ-OWN
PORTFOLIO, LLC

		
	 By:
	 	 
		 	Name:
		 	Title:

  
 [***] = Certain confidential information contained
in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit C-3 

 SCHEDULE I 

INCREASES AND DECREASES 

 

															
	DATE	 	 UNPAID

PRINCIPAL AMOUNT
	 	INCREASE	 	DECREASE	 	TOTAL	 	COST OF
FUNDS	 	INTEREST
ACCRUAL
PERIOD	 	NOTATION
MADE BY:

  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

 EXHIBIT D 

COMMITMENTS 
  

					
	 Credit Suisse AG, Cayman Islands Branch
	  	$	200,000,000	 
	 Total:
	  	$	200,000,000	 

  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 EXHIBIT E 

FORM OF NOTICE OF DELAYED FUNDING 

Sunnova EZ-Own Portfolio, LLC 

20 Greenway Plaza, Suite 475 
 Houston, TX 77046 

Re:     Notice of Potential For Delayed Funding 

Reference is made to the Amended and Restated Credit Agreement, dated as of March 27, 2019 (as amended, restated, supplemented or
otherwise modified from time to time), by and among SUNNOVA EZ-OWN PORTFOLIO, LLC, a Delaware limited liability company (the “Borrower”),
SUNNOVA SLA MANAGEMENT, LLC, a Delaware limited liability company in its capacity as manager, SUNNOVA SLA MANAGEMENT, LLC, a Delaware limited liability company in its capacity as servicer,
SUNNOVA ASSET PORTFOLIO 7 HOLDINGS, LLC, CREDIT SUISSE AG, NEW YORK BRANCH, as contractual representative for the
financial institutions that may become parties hereto, the Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, as paying agent and U.S. Bank National Association, as custodian.
Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 
 Pursuant to
Section 2.4 (D) of the Credit Agreement, [                    ], as a Committed Lender, hereby notifies the Borrower that it has incurred
external costs, fees or expenses directly related to and as a result of the “liquidity coverage ratio” under Basel III in respect of its Commitments under the Credit Agreement and/or its interests in the Loan Notes. 

 

			
	 Sincerely,

	
	
[                   
     ]

		
	 By:
	 	 
		 	Name:
		 	Title:

  
 [***] = Certain confidential information contained
in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 EXHIBIT F 

FORM OF DELAYED FUNDING NOTICE 

Sunnova EZ-Own Portfolio, LLC 

20 Greenway Plaza, Suite 475 
 Houston, TX 77046 

Re:     Notice of Potential For Delayed Funding 

Reference is made to the Amended and Restated Credit Agreement, dated as of March 27, 2019 (as amended, restated, supplemented or
otherwise modified from time to time), by and among SUNNOVA EZ-OWN PORTFOLIO, LLC, a Delaware limited liability company (the “Borrower”),
SUNNOVA SLA MANAGEMENT, LLC, a Delaware limited liability company (in its capacity as manager, the “Manager”), SUNNOVA SLA MANAGEMENT, LLC, a Delaware limited liability
company (in its capacity as servicer, the “Servicer”), Sunnova Asset Portfolio 7 Holdings, LLC (the “Seller”), Credit Suisse AG, New York Branch (“CSNY”), as contractual representative (in such
capacity, the “Agent”) for the financial institutions that may become parties hereto (each such financial institution (including any Conduit Lender), a “Lender” and collectively, the “Lenders”), the
Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, as paying agent (in such capacity, the “Paying Agent”) and U.S. Bank National Association, as custodian (in
such capacity, the “Custodian”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 

Pursuant to Section 2.4 (D) of the Credit Agreement,
[                    ], as a Committed Lender, hereby notifies the Borrower of its intent to fund its amount of the Advance related to the Notice of
Borrowing delivered by the Borrower on [        ], on a Business Day that is before
[            ]3, rather than on the date specified in such Notice of Borrowing. 

 

			
	 Sincerely,

	
	
[                   
     ]

		
	 By:
	 	 
		 	Name:
		 	Title:

  

	3 	 Thirty-five days following the date of delivery by such Committed Lender of this Delayed Funding Notice.

  
 [***] = Certain confidential information contained in this
document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 EXHIBIT G 

FORM OF JOINDER AGREEMENT 

THIS JOINDER AGREEMENT, dated as of the date set forth in Item 1 of Schedule I hereto (the
“Joinder Agreement”), among SUNNOVA EZ-OWN PORTFOLIO, LLC, as Borrower (the “Borrower”), the Lender set forth in Item 2 of
Schedule I hereto, as an additional lender (the “Additional Lender”) and the Funding Agent set forth in Item 2 of Schedule I hereto, as an additional funding agent (the “Additional Funding Agent”), and
CREDIT SUISSE AG, NEW YORK BRANCH, as Agent for the Lenders and Funding Agents under, and as defined in, the Credit Agreement described below (in such capacity, the
“Agent”). 
 WITNESSETH 

WHEREAS, this Joinder Agreement is being executed and delivered in connection with the Amended and Restated Credit Agreement,
dated as of March 27, 2019 among SUNNOVA EZ-OWN PORTFOLIO, LLC, as Borrower, SUNNOVA SLA MANAGEMENT, LLC, as Manager and as
Servicer, SUNNOVA ASSET PORTFOLIO 7 HOLDINGS, LLC, as Seller, U.S. BANK NATIONAL ASSOCIATION, as Custodian, WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Paying Agent, the Lenders and Funding Agents from time to time party thereto and CREDIT SUISSE AG, NEW
YORK BRANCH, as Agent (as amended, modified, and/or supplemented prior to the date hereof, the “Credit Agreement”; unless otherwise defined herein, terms defined in the Credit Agreement are used herein
as therein defined); and 
 WHEREAS, the Additional Lender wishes to become a Lender party to the Credit Agreement; 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

Upon receipt by the Agent of a counterpart of this Joinder Agreement, to each of which is attached a fully completed Schedule I and Schedule
II, each of which has been executed by the Additional Lender, the Additional Funding Agent, the Borrower and the Agent, the Agent will transmit to the Borrower, the Servicer, the Manager, the Paying Agent, the Additional Lender and the Additional
Funding Agent a Joinder Effective Notice, substantially in the form of Schedule III to this Joinder Agreement (a “Joinder Effective Notice”). Such Joinder Effective Notice shall be executed by the Agent and shall set forth, inter
alia, the date on which the joinder effected by this Joinder Agreement shall become effective (the “Joinder Effective Date”). From and after the Joinder Effective Date, the Additional Lender shall be a Committed Lender party to the
Credit Agreement for all purposes thereof having an initial Lender Group Percentage and Commitment, if applicable, as set forth in such Schedule II. 

By executing and delivering this Joinder Agreement the Additional Lender confirms to and agrees with the Agent and the Lender as follows:
(i) neither the Agent nor any other Lender makes any representation or warranty or assumes any responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

 
(other than representations or warranties made by such respective parties) or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any
other instrument or document furnished pursuant thereto, or with respect to the financial condition of Parent, Sunnova Management, Seller, or the Borrower (collectively, the “Sunnova Entities” and each, a “Sunnova
Entity”), or the performance or observance by any Sunnova Entity of any of their respective obligations under the Credit Agreement or any other instrument or document furnished pursuant hereto; (ii) the Additional Lender confirms that
it has received a copy of such documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Joinder Agreement; (iii) the Additional Lender will, independently and without reliance upon
the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iv) each Additional Lender
appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement as are delegated to the Agent by the terms thereof, together with such powers as are reasonably incidental thereto,
all in accordance with Article VIII of the Credit Agreement; (v) each Additional Lender appoints and authorizes the related Additional Funding Agent to take such action as funding agent on its behalf and to exercise such powers under the Credit
Agreement as are delegated to the Funding Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article VII of the Credit Agreement; and (vi) the Additional Lender agrees (for the
benefit of the other parties to the Credit Agreement) that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender. 

Schedule II hereto sets forth the Commitment and the Commitment Termination Date of the Additional Lender, as well as administrative
information with respect to the Additional Lender and the Additional Funding Agent. 
 THIS JOINDER
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 

IN WITNESS WHEREOF, the parties hereto have caused this Joinder Agreement to be executed by their
respective duly authorized officers on Schedule I hereto as of the date set forth in Item 1 of Schedule I hereto. 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 Exhibit G-2 

 SCHEDULE I TO 

JOINDER AGREEMENT 

COMPLETION OF INFORMATION AND 

SIGNATURES FOR JOINDER AGREEMENT 

 

			
	Re:	  	Amended and Restated Credit Agreement, dated as of March 27, 2019 (as amended, modified, and/or supplemented prior to the date hereof) among SUNNOVA
EZ-OWN PORTFOLIO, LLC, as Borrower, SUNNOVA SLA MANAGEMENT, LLC, as Manager and as Servicer, SUNNOVA ASSET
PORTFOLIO 7 HOLDINGS, LLC, as Seller, U.S. BANK NATIONAL ASSOCIATION, as Custodian, WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Paying Agent, the Lenders and Funding Agents from time to time party thereto and CREDIT SUISSE AG, NEW YORK BRANCH, as
Agent

  

			
	Item 1:	  	Date of Joinder Agreement:
		
	Item 2:	  	Additional Lender:
		
		  	Additional Funding Agent:
		
	 Item 3:
	  	 Type of Lender:             
Conduit Lender

		  	                                      
  Committed Lender
		
	 Item 4:
	  	 Complete if Committed Lender: Commitment:
$        

		
		  	 Scheduled Commitment Termination Date:

		
	 Item 5:
	  	 Name of Funding Agent:

		
	 Item 6:
	  	 Name of Lender Group:

		
	 Item 7:
	  	 Signatures of Parties to
Agreement:

  

			
	 
	 as Additional Lender

	
		
	 By:
	 	 
		 	Name:
		 	Title:

  
 [***] = Certain confidential information contained
in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit G-3 

 
			
		
	 By:
	 	 
		 	Name:
		 	Title:
	
	 SUNNOVA EZ-OWN
PORTFOLIO, LLC,
 as Borrower

		
	 By:
	 	 
		 	Name:
		 	Title:
	
	 CREDIT SUISSE AG, New York Branch,

as Agent

		
	 By:
	 	 
		 	Name:
		 	Title:
		
	 By:
	 	 
		 	Name:
		 	Title:
	
	 GIFS CAPITAL COMPANY, LLC,

as a Conduit Lender

		
	 By:
	 	 
		 	Name:
		 	Title:
		
	 By:
	 	 
		 	Name:
		 	Title:

  
 [***] = Certain confidential information contained
in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit G-4 

 SCHEDULE II TO 

JOINDER AGREEMENT 

LIST OF INVESTING OFFICES, ADDRESSES 

FOR NOTICES AND COMMITMENT 

 

					
	 [Additional Lender]
	  			
	 Committed Lender
	  	 	(Y/N	) 
	 Initial Lender Group Percentage:

(if applicable)
	  	 	    	% 
	 Initial Commitment:
	  	$	             	 
	 Office and Address for Notices:
	  			
		
	 [Additional Funding Agent]
	  			
		
	 Office and Address for Notices:
	  			

  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit G-5 

 SCHEDULE III TO 

JOINDER AGREEMENT 

FORM OF 

JOINDER EFFECTIVE NOTICE 

 

	To:	 [Names and addresses of Borrower, Servicer, Manager, Paying Agent, Additional Lender and Additional Funding
Agent] 

 The undersigned, as Agent under the Amended and Restated Credit Agreement, dated as of March 27, 2019 (as
amended, modified, and/or supplemented prior to the date hereof) among SUNNOVA EZ-OWN PORTFOLIO, LLC, as Borrower, SUNNOVA SLA
MANAGEMENT, LLC, as Manager and as Servicer, SUNNOVA ASSET PORTFOLIO 7 HOLDINGS, LLC, as Seller, U.S. BANK NATIONAL ASSOCIATION,
as Custodian, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Paying Agent, the Lenders and Funding Agents from time to time party thereto and CREDIT
SUISSE AG, NEW YORK BRANCH, as Agent, acknowledges receipt of five executed counterparts of a completed Joinder Agreement. [Note: attach copies of Schedules I and II from such Joinder
Agreement.] Terms defined in such Joinder Agreement are used herein as therein defined. 
 Pursuant to such Joinder Agreement, you are
advised that the Joinder Effective Date will be                         ,
            . 
  

			
	 Very truly yours,

	
	 CREDIT SUISSE AG, NEW YORK
BRANCH,
 as Agent

		
	 By:
	 	 
		 	Name:
		 	Title:
		
	 By:
	 	 
		 	Name:
		 	Title:

  
 [***] = Certain confidential information contained
in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit G-6 

 EXHIBIT H 

APPROVED FORMS 

[ON FILE WITH AGENT] 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Exhibit G-1 

 SCHEDULE I-A 

ELIGIBILITY CRITERIA APPLICABLE TO ALL SOLAR
LOANS 
 “Eligible Solar Loan” means a Solar Loan that meets each of the following criteria as of any date of
determination: 
 (a) each entry with respect to the Solar Loan set forth on the Schedule of Eligible Solar Assets is complete, accurate,
true and correct in all material respects and does not omit any necessary information that makes such entry misleading; 
 (b) is evidenced
and governed by form loan documentation in one of the Approved Forms (as such form documentation may be modified after the Closing Date in accordance with Section 5.1(W) of the Agreement); 

(c) has not been amended, waived, extended, or modified from its original terms in any manner inconsistent with the Customer Credit and
Collection Policies; 
 (d) is denominated and payable solely in Dollars; 

(e) the FICO score with respect to (i) the related initial Obligor was at least [***] and (ii) any subsequent Obligor with respect
to the related PV System was at least [***] or such Obligor has provided a security deposit in accordance with the Credit Underwriting and Reassignment Credit Policy, in each case at the time such Solar Loan was originated; 

(f) after giving effect to the Solar Loan’s inclusion as an Eligible Solar Loan, the weighted average FICO score (determined as of the
date of origination of the related Solar Loan Contract) with respect to the related Obligors’ for all Eligible Solar Loans will be at least [***]; 

(g) the Obligor with respect to such Solar Loan does not have any statutory or other right under its Ancillary Solar Agreements to cancel such
Solar Loan (or such statutory or other cancellation right is no longer be exercisable); 
 (h) the related Solar Loan Contract, the
Ancillary Solar Agreements and the rights with respect to the related Conveyed Property are freely assignable to the Borrower and a security in the Conveyed Property may be granted by the Borrower without the consent of any Person; 

(i) such Solar Loan, together with its Ancillary Solar Agreements related thereto, was originated and is as of the related Cut-Off Date in compliance in all material respects with all Applicable Laws (including, without limitation, laws, rules and regulations relating to usury, the Holder Rule, credit protection and privacy laws); 

(j) the Solar Loan and each other Ancillary Solar Agreement is in full force and effect, is the legal, valid and binding obligation of the
related Obligor or other obligor and is enforceable in accordance with its terms, except as such enforcement may be limited in the future by applicable Insolvency Laws and except as such enforceability may be limited in the future by general
principles of equity (whether considered in a suit at law or in equity); 
  
 [***] =
Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule I-A-1 

 (k) such Solar Loan is not a Defaulted Solar Loan or a Delinquent Solar Loan; furthermore,
the related Obligor associated with such Solar Loan is not an Obligor for any other Solar Loan that would meet the definition of either Defaulted Solar Loan or Delinquent Solar Loan; 

(l) no selection procedures reasonably believed by the Borrower to be adverse to the Lenders were utilized in selecting such Solar Loan and
the related Conveyed Property from among the Eligible Solar Loans directly owned by the Seller and its Affiliates; 
 (m) was originated in
the ordinary course of Parent’s business in accordance with the Customer Credit and Collection Policies (including the approval of the related Obligor in accordance with Parent’s credit approval parameters); 

(n) other than with respect to Substantial Stage Date Solar Loans, the related PV System or Independent Energy Storage System, as applicable,
securing such Solar Loan was sold by and has been properly delivered to and designed, procured and installed for the related Obligor by an Approved Installer using equipment manufactured by an Approved Vendor and is in good repair, without defects
and is in satisfactory order. Other than with respect to Substantial Stage Date Solar Loans, at the time of installation, such Approved Installer was properly licensed and had the required expertise to design, procure and install the related PV
System or Independent Energy Storage System, as applicable. Other than with respect to Substantial Stage Date Solar Loans and Final Stage Date Solar Loans, the related Obligor has accepted the PV System or Independent Energy Storage System, as
applicable, and has not notified the Borrower, the Manager or any Affiliate thereof of any existing defects therein which is not in the process of being investigated, addressed or repaired by the Approved Installer, Borrower, the Manager or an
Affiliate thereof; 
 (o) the related Solar Loan Contract does not provide the Obligor with any right of
set-off; 
 (p) the related Solar Loan Contract has not been satisfied, subordinated or rescinded;

 (q) other than with respect to Substantial Stage Date Solar Loans and Final Stage Date Solar Loans, the related Obligor is required to
maintain liability insurance and property insurance and the coverage limits are sufficient to cover the full replacement and installation cost of the PV System or Independent Energy Storage System, as applicable; 

(r) the transfer, assignment and pledge of the Solar Loan and the related Conveyed Property by the Borrower pursuant to the Security Agreement
is not subject to and will not result in any Tax payable by Borrower to any federal, state or local government except as paid. No Tax is owed in connection with the sale or contribution to the Borrower except as paid; 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule I-A-2 

 (s) the related Solar Loan Contract is governed by the laws of a state or territory of the
United States and was not originated in, nor is it subject to the laws of, any jurisdiction, the laws of which would make unlawful the sale, transfer, pledge or assignment of the related Solar Loan Contract under any of the Transaction Documents,
including any exchange for refund in accordance with the Transaction Documents; 
 (t) other than with respect to Final Stage Date Solar
Loans and Substantial Stage Date Solar Loans, there are no unpaid fees owed to third parties relating to the origination of the related Solar Loan and installation of the related PV System; 

(u) the agreement that evidences the Solar Loan constitutes either “tangible chattel paper” or “electronic chattel paper”
within the meaning of the UCC in all applicable jurisdictions and either (i) the single authoritative copy of such chattel paper has been delivered to the Custodian’s eVault or (ii) for Solar Loans never included in an electronic
vault at eOriginal, the single authoritative copy (if any) has been destroyed (or, if not destroyed, no other Person has or could obtain possession or control thereof in a manner that would enable such Person to claim priority over the lien of
Agent) and a pdf copy has been delivered to the Custodian, and in either case the Custodian has confirmed receipt together with the Ancillary Solar Agreements, if any, for such Solar Loan; 

(v) as to which a precautionary fixture filing has been submitted for recordation in the applicable county records or real property registry;

 (w) is secured by a valid first priority perfected security interest and lien (subject to Permitted Liens) on the PV System or
Independent Energy Storage System, as applicable, securing the Obligor’s obligations under such Solar Loan, subject only to Permitted Liens and the terms of the Solar Loan Contract provide that the parties thereto agree that the related PV
System or Independent Energy Storage System, as applicable, is not a fixture under the applicable UCC; 
 (x) is an obligation of an Obligor
that owns the residence where the PV System or Independent Energy Storage System, as applicable, is installed and is not a Governmental Authority, a business, a corporation, institution or other legal entity; 

(y) the related PV System or Independent Energy Storage System, as applicable, securing such Solar Loan is (or, in the case of Substantial
Stage Date Solar Loans, will be) installed on a single-family residence, condominium or a duplex or townhouse with less than four units, in each case owned by the related Obligor; 

(z) has an original term to maturity of not more than 300 months from the first payment date under such Solar Loan; 

(aa) (i) the Obligor with respect to the Solar Loan is not a debtor in a bankruptcy case as of the related Transfer Date and (ii) the
Obligor has not commenced any litigation or asserted any claim challenging the validity or enforceability of the related Solar Loan Contract; 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

  
 Schedule I-A-3 

 (bb) Seller had legal title thereto at the time of the sale of such Solar Loan to the
Borrower and the Borrower will acquire legal title thereto free and clear of all Liens (other than Permitted Liens and Liens released concurrently with the transfer to the Borrower under the Sale and Contribution Agreement); 

(cc) the related Solar Loan Contract and any amendments or modifications have been converted into an electronic form and the related original
Solar Loan Contract and any amendments or modifications have been destroyed on or before the related Borrowing Date in compliance with Parent’s document storage copies. 

(dd) as between the Seller and the Obligor, the Obligor is responsible for the payment of all expenses in connection with the maintenance,
repair, insurance and taxes for the related PV System or Independent Energy Storage System, as applicable, and all payments with respect to such Solar Loan are payable without condition and notwithstanding any casualty, loss or other damage to such
PV System or Independent Energy Storage System, as applicable, the Ancillary Solar Agreements or the Solar Loan Contract with respect to such Solar Loan provide for acceleration of payments and repossession of the related PV System or Independent
Energy Storage System, as applicable, securing such Solar Loan upon a default by the related Obligor; 
 (ee) does not contain any pre-payment penalties and has a fixed interest rate per annum of at least 4.50% for all Solar Loans; 

(ff) after giving effect to the Solar Loan’s inclusion as an Eligible Solar Loan, the weighted average annual interest rate applicable to
all Eligible Solar Loans will be at least 5.75%; 
 (gg) the underlying documentation of such Solar Loan provides that, upon the sale of the
residence connected to the related PV System or Independent Energy Storage System, as applicable, the Obligor of such Solar Loan must pre-pay the Solar Loan unless the purchaser of the residence (i) meets
Parent’s (or such approved channel partner’s) underwriting criteria, (ii) executes and delivers to the Servicer a written assumption of the Solar Loan and (iii) begins timely performance of the obligations thereunder; 

(hh) is a loan that does not constitute a “security” under, and is not subject to, federal or state securities laws; 

(ii) is a term loan that requires scheduled payments that amortize principal plus interest to be paid monthly, no portion of which may be re-borrowed once repaid; 
 (jj) other than Final Stage Date Solar Loans and Substantial Stage Date Solar
Loans, the first scheduled payment with respect to such Solar Loan is due no later than the last day of the Collection Period immediately following the Collection Period in which the related Transfer Date for such Solar Loan occurs; 

(kk) if such Solar Loan is a Substantial Stage Date Solar Loan, (i) such Solar Loan has not been a Substantial Stage Date Solar Loan for
more than 90 days (or 120 days if the Obligor 
  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule I-A-4 

 
party to such Solar Loan is located in the East Region) and (ii) the related Obligor of which has not canceled the installation of the Related Property notwithstanding receipt of the related
“notice to proceed”; and 
 (ll) if such Solar Loan is a Final Stage Date Solar Loan, such Solar Loan has not been a Final Stage
Date Solar Loan for more than 150 days. 
  
 [***] = Certain confidential information
contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule I-A-5 

 SCHEDULE I-B 

ELIGIBILITY CRITERIA APPLICABLE TO PV SOLAR LOANS

 With respect to each Solar Loan that is a PV Solar Loan, “Eligible Solar Loan” means a PV Solar Loan that meets each of the
following criteria as of any date of determination (in addition to the criteria set forth in Schedule I-A): 

(a) the Related Property related to such PV Solar Loan is located in a state of the United States or, if such Related Property includes an
Energy Storage System, an Approved U.S. Territory; 
 (b) other than with respect to Substantial Stage Date Solar Loans and Final Stage Date
Solar Loans, the related PV System securing such PV Solar Loan has received permission to interconnect and operate from the interconnecting utility and is operating and connected to such interconnecting utility, and, as of the related Borrowing
Date, has not been turned off due to an Obligor delinquency; 
 (c) the proceeds of which are used solely to finance the acquisition and/or
installation of a PV System (including, if applicable, an Energy Storage System) on or at a residence, along with the costs of a compatible electricity storage unit, re-roofing, landscaping and upgrading the
home’s electrical systems, in each case so long as such costs are incurred in combination with the installation of such PV System; 

(d) the original principal balance of such PV Solar Loan (or, in the case of a Substantial Stage Date Solar Loan or Final Stage Date Solar
Loan, the maximum principal balance thereof) is at least $[***] but does not exceed $[***]; 
 (e) after giving effect to the Solar
Loan’s inclusion as an Eligible Solar Loan, the average original principal for all Eligible Solar Loans that are PV Solar Loans will not exceed $[***]; and 

(f) the original Solar Loan Balance of such PV Solar Loan does not exceed 130% of the purchase price of the related PV System. 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule I-B-1 

 SCHEDULE I-C 

ELIGIBILITY CRITERIA APPLICABLE TO ESS SOLAR LOANS

 With respect to each Solar Loan that is an ESS Solar Loan, “Eligible Solar Loan” means an ESS Solar Loan that meets each of the
following criteria as of any date of determination (in addition to the criteria set forth in Schedule I-A): 

(a) the Related Property related to such ESS Solar Loan is located in a state of the United States or an Approved U.S. Territory; 

(b) other than with respect to Substantial Stage Date Solar Loans, installation of the related Energy Storage System securing such ESS Solar
Loan has been completed and, other than with respect to Substantial Stage Date Solar Loans and Final Stage Date Solar Loans, such Energy Storage System is connected to an operational PV System; and, as of the related Borrowing Date, such Energy
Storage System has not been turned off due to an Obligor delinquency; 
 (c) the proceeds of which are used solely to finance the
acquisition and/or installation of an Energy Storage System on or at a residence, along with the costs of upgrading the home’s electrical systems, in each case so long as such costs are incurred in combination with the installation of such
Energy Storage System; 
 (d) the original principal balance of such ESS Solar Loan (or, in the case of a Substantial Stage Date Solar Loan
or Final Stage Date Solar Loan, the maximum principal balance thereof) is at least $5,000 but does not exceed $[***]; 
 (e) after giving
effect to the ESS Solar Loan’s inclusion as an Eligible Solar Loan, the average original principal for all Eligible Solar Loans that are ESS Solar Loans will not exceed $20,000; and 

(f) the original Solar Loan Balance of such ESS Solar Loan does not exceed 130% of the purchase price of the related Energy Storage System.

  
 [***] = Certain confidential information contained in this document, marked by
brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule I-C-1 

 SCHEDULE II 

LOCKBOX BANK, LOCKBOX ACCOUNT, THE COLLECTION
ACCOUNT, THE EQUIPMENT REPLACEMENT RESERVE ACCOUNT, THE LIQUIDITY RESERVE ACCOUNT,
BORROWER’S ACCOUNT, TAKEOUT TRANSACTION ACCOUNT AND LOAN PROCEEDS ACCOUNT 

1. Lockbox Bank: Texas Capital Bank 

Contact: [***] 
  

					
	         
	 	 a. ZBA 10 Account
	 	#[***] Lockbox Account
		 	
b. Operating Account              
                      
	 	#[***] Borrower’s Account
		 	 c. LPA
	 	#[***] Loan Proceeds Account

  

	2.	 Texas Capital Bank 

Contact: [***] 
  

	3.	 Wells Fargo Bank, National Association 

[***] 
  

					
	         
	 	
a. Paying Agent            
	 	#[***] Collection Account
		 	 b. Paying Agent
	 	#[***] Liquidity Reserve Account
		 	 c. Paying Agent
	 	#[***] Equipment Replacement Reserve Account
		 	 d. Paying Agent
	 	#[***] Takeout Transaction Account

  
 [***] = Certain confidential information contained in
this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule II-1 

 SCHEDULE III 

MATERIAL CONTRACTS AND OTHER COMMITMENTS OF
THE BORROWER 
 [NONE] 

 
 [***] = Certain confidential information contained in this document, marked by brackets,
is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule III-1EX-10.8

 Exhibit 10.8 
  

 
  

AMENDED AND RESTATED CREDIT AGREEMENT 

dated as of March 29, 2019 

among 
 SUNNOVA TEP
II HOLDINGS, LLC, 
 as Borrower 

SUNNOVA TE MANAGEMENT II, LLC, 

as Facility Administrator 

CREDIT SUISSE AG, NEW YORK BRANCH, 

as Administrative Agent for the financial institutions 

that may from time to time become parties hereto as Lenders 

LENDERS 
 from time
to time party hereto 
 FUNDING AGENTS 

from time to time party hereto 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Paying Agent 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Verification Agent 
  

 
  

[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule
406 of the Securities Act of 1933, as amended. 

 TABLE OF CONTENTS 

 

							
	 SECTION
	  	HEADING	  	 	PAGE	 
		
	 ARTICLE I Certain Definitions
	  	 	1	 
			
	 Section 1.1
	  	 Certain Definitions
	  	 	1	 
	 Section 1.2
	  	 Computation of Time Periods
	  	 	1	 
	 Section 1.3
	  	 Construction
	  	 	2	 
	 Section 1.4
	  	 Accounting Terms
	  	 	2	 
		
	 ARTICLE II Amounts and Terms of the Advances
	  	 	2	 
			
	 Section 2.1
	  	Establishment of the Credit Facility	  	 	2	 
	 Section 2.2
	  	The Advances	  	 	2	 
	 Section 2.3
	  	Use of Proceeds	  	 	3	 
	 Section 2.4
	  	Making the Advances	  	 	3	 
	 Section 2.5
	  	Fees	  	 	6	 
	 Section 2.6
	  	Reduction/Increase of the Commitments	  	 	6	 
	 Section 2.7
	  	Repayment of the Advances	  	 	7	 
	 Section 2.8
	  	Certain Prepayments	  	 	13	 
	 Section 2.9
	  	Mandatory Prepayments of Advances	  	 	13	 
	 Section 2.10
	  	Substitution of Solar Assets	  	 	14	 
	 Section 2.11
	  	Interest	  	 	15	 
	 Section 2.12
	  	Breakage Costs; Liquidation Fees; Increased Costs; Capital Adequacy; Illegality; Additional Indemnifications	  	 	15	 
	 Section 2.13
	  	Payments and Computations	  	 	16	 
	 Section 2.14
	  	Payment on Non-Business Days	  	 	17	 
	 Section 2.15
	  	[Reserved]	  	 	17	 
	 Section 2.16
	  	Extension of the Scheduled Commitment Termination Date	  	 	17	 
	 Section 2.17
	  	Taxes	  	 	17	 
	 Section 2.18
	  	Request for Borrowing Exceeding Aggregate Commitment	  	 	21	 
		
	 ARTICLE III Conditions of Lending and Closing
	  	 	22	 
			
	 Section 3.1
	  	 Conditions Precedent to Closing
	  	 	22	 
	 Section 3.2
	  	 Conditions Precedent to All Advances
	  	 	25	 
	 Section 3.3
	  	 Conditions Precedent to Restatement Date
	  	 	26	 
		
	 ARTICLE IV Representations and Warranties
	  	 	28	 
			
	 Section 4.1
	  	 Representations and Warranties of the Borrower
	  	 	28	 
		
	 ARTICLE V Covenants
	  	 	32	 
			
	 Section 5.1
	  	 Affirmative Covenants
	  	 	32	 
	 Section 5.2
	  	 Negative Covenants
	  	 	41	 
	 Section 5.3
	  	 Covenants Regarding the Solar Asset Owner Member Interests
	  	 	44	 
		
	 ARTICLE VI Events of Default
	  	 	46	 
			
	 Section 6.1
	  	 Events of Default
	  	 	46	 
	 Section 6.2
	  	 Remedies
	  	 	48	 
	 Section 6.3
	  	 Class B Lender Purchase Option (A) If an Event of Default other than an Event of Default
described in Section 6
	  	 	48	 
	 Section 6.4
	  	Sale of Collateral	  	 	50	 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -i- 

							
	 ARTICLE VII The Administrative Agent and Funding Agents
	  	 	51	 
			
	 Section 7.1
	  	Appointment; Nature of Relationship	  	 	51	 
	 Section 7.2
	  	Powers	  	 	51	 
	 Section 7.3
	  	General Immunity	  	 	51	 
	 Section 7.4
	  	No Responsibility for Advances, Creditworthiness, Collateral, Recitals, Etc	  	 	52	 
	 Section 7.5
	  	Action on Instructions of Lenders	  	 	52	 
	 Section 7.6
	  	Employment of Administrative Agents and Counsel	  	 	52	 
	 Section 7.7
	  	Reliance on Documents; Counsel	  	 	52	 
	 Section 7.8
	  	The Administrative Agent’s Reimbursement and Indemnification	  	 	53	 
	 Section 7.9
	  	Rights as a Lender	  	 	53	 
	 Section 7.10
	  	Lender Credit Decision	  	 	53	 
	 Section 7.11
	  	Successor Administrative Agent	  	 	53	 
	 Section 7.12
	  	Transaction Documents; Further Assurances	  	 	54	 
	 Section 7.13
	  	Collateral Review	  	 	54	 
	 Section 7.14
	  	Funding Agent Appointment; Nature of Relationship	  	 	55	 
	 Section 7.15
	  	Funding Agent Powers	  	 	55	 
	 Section 7.16
	  	Funding Agent General Immunity	  	 	55	 
	 Section 7.17
	  	Funding Agent Responsibility for Advances, Creditworthiness, Collateral, Recitals, Etc	  	 	55	 
	 Section 7.18
	  	Funding Agent Action on Instructions of Lenders	  	 	56	 
	 Section 7.19
	  	Funding Agent Employment of Agents and Counsel	  	 	56	 
	 Section 7.20
	  	Funding Agent Reliance on Documents; Counsel	  	 	56	 
	 Section 7.21
	  	Funding Agent’s Reimbursement and Indemnification	  	 	56	 
	 Section 7.22
	  	Funding Agent Rights as a Lender	  	 	57	 
	 Section 7.23
	  	Funding Agent Lender Credit Decision	  	 	57	 
	 Section 7.24
	  	Funding Agent Successor Funding Agent	  	 	57	 
	 Section 7.25
	  	Funding Agent Transaction Documents; Further Assurances	  	 	57	 
		
	 ARTICLE VIII Administration and Servicing of the Collateral
	  	 	58	 
			
	 Section 8.1
	  	Management Agreements/Servicing Agreements/Facility Administration Agreement	  	 	58	 
	 Section 8.2
	  	Accounts	  	 	60	 
	 Section 8.3
	  	Adjustments	  	 	69	 
		
	 ARTICLE IX The Paying Agent
	  	 	70	 
			
	 Section 9.1
	  	Appointment	  	 	70	 
	 Section 9.2
	  	Representations and Warranties	  	 	70	 
	 Section 9.3
	  	Limitation of Liability of the Paying Agent	  	 	70	 
	 Section 9.4
	  	Certain Matters Affecting the Paying Agent	  	 	71	 
	 Section 9.5
	  	Indemnification	  	 	76	 
	 Section 9.6
	  	Successor Paying Agent	  	 	76	 
		
	 ARTICLE X Miscellaneous
	  	 	77	 
			
	 Section 10.1
	  	Survival	  	 	77	 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -ii- 

							
	 Section 10.2
	  	Amendments, Etc	  	 	77	 
	 Section 10.3
	  	Notices, Etc	  	 	78	 
	 Section 10.4
	  	No Waiver; Remedies	  	 	78	 
	 Section 10.5
	  	Indemnification	  	 	79	 
	 Section 10.6
	  	Costs, Expenses and Taxes	  	 	79	 
	 Section 10.7
	  	Right of Set-off; Ratable Payments; Relations Among Lenders	  	 	80	 
	 Section 10.8
	  	Binding Effect; Assignment	  	 	81	 
	 Section 10.9
	  	GOVERNING LAW	  	 	83	 
	 Section 10.10
	  	Jurisdiction	  	 	84	 
	 Section 10.11
	  	Waiver of Jury Trial	  	 	84	 
	 Section 10.12
	  	Section Headings	  	 	84	 
	 Section 10.13
	  	Tax Characterization	  	 	84	 
	 Section 10.14
	  	Execution	  	 	84	 
	 Section 10.15
	  	Limitations on Liability	  	 	84	 
	 Section 10.16
	  	Confidentiality	  	 	85	 
	 Section 10.17
	  	Limited Recourse	  	 	86	 
	 Section 10.18
	  	Customer Identification - USA Patriot Act Notice	  	 	87	 
	 Section 10.19
	  	Paying Agent Compliance with Applicable Anti-Terrorism and Anti-Money Laundering Regulations	  	 	87	 
	 Section 10.20
	  	Non-Petition	  	 	87	 
	 Section 10.21
	  	No Recourse	  	 	87	 
	 Section 10.22
	  	[Reserved]	  	 	88	 
	 Section 10.23
	  	Additional Paying Agent Provisions	  	 	88	 
	 Section 10.24
	  	Amendment and Restatement	  	 	88	 
	 Section 10.25
	  	Direction	  	 	88	 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -iii- 

							
	 SCHEDULE I
	  	 	—	 	  	Eligibility Criteria
	 SCHEDULE II
	  	 	—	 	  	The Collection Account, the Supplemental Reserve Account, the Liquidity Reserve Account, the SAP II Revenue Account, the Takeout Transaction Account and the Borrower’s Account
	 SCHEDULE III
	  	 	—	 	  	[Reserved]
	 SCHEDULE IV
	  	 	—	 	  	Scheduled Hedged SREC Payments
	 SCHEDULE V
	  	 	—	 	  	Scheduled Host Customer Payments
	 SCHEDULE VI
	  	 	—	 	  	Scheduled PBI Payments
	 SCHEDULE VII
	  	 	—	 	  	Scheduled Managing Member Distributions
	 SCHEDULE VIII
	  	 	—	 	  	Tax Equity Financing Documents
	 SCHEDULE IX
	  	 	—	 	  	SAP II Financing Documents
	 SCHEDULE X
	  	 	—	 	  	SAP II NTP Financing Documents
	 EXHIBIT A
	  	 	—	 	  	Defined Terms
	 EXHIBIT B-1
	  	 	—	 	  	Form of Borrowing Base Certificate
	 EXHIBIT B-2
	  	 	—	 	  	Form of Notice of Borrowing
	 EXHIBIT C
	  	 	—	 	  	Form of Substitution Certificate
	 EXHIBIT D-1
	  	 	—	 	  	Form of Class A Loan Note
	 EXHIBIT D-2
	  	 	—	 	  	Form of Class B Loan Note
	 EXHIBIT E
	  	 	—	 	  	Commitments
	 EXHIBIT F
	  	 	—	 	  	Form of Assignment
	 EXHIBIT G
	  	 	—	 	  	Form of Solar Service Agreement
	 EXHIBIT H
	  	 	—	 	  	Form of Notice of Delayed Funding
	 EXHIBIT I
	  	 	—	 	  	Delayed Funding Notice
	 EXHIBIT J
	  	 	—	 	  	Form of Underwriting and Reassignment Credit Policy

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -iv- 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 THIS AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is entered into as of
March 29, 2019 (the “Restatement Date”), by and among SUNNOVA TEP II HOLDINGS, LLC, a Delaware limited liability company (the “Borrower”), SUNNOVA TE
MANAGEMENT II, LLC, a Delaware limited liability company, as Facility Administrator (in such capacity, the “Facility Administrator”), the financial institutions from time to time parties hereto (each such financial
institution (including any Conduit Lender), a “Lender” and collectively, the “Lenders”), each Funding Agent representing a group of Lenders, CREDIT SUISSE AG, NEW
YORK BRANCH (“CSNY”), as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders, WELLS FARGO BANK,
NATIONAL ASSOCIATION, not in its individual capacity, but solely as Paying Agent (as defined below), and U.S. BANK NATIONAL ASSOCIATION, as Verification Agent (as defined
below). 
 RECITALS 

WHEREAS, the Borrower, the Facility Administrator, the Lenders, the Administrative Agent, the Paying Agent and the Verification
Agent entered into that certain Credit Agreement, dated as of August 17, 2018 (as amended, modified, extended and/or restated from time to time prior to the date hereof, the “Original Credit Agreement”); 

WHEREAS, in accordance with Section 10.2 of the Original Credit Agreement, the Borrower, the Facility Administrator, the
Lenders, the Administrative Agent, the Paying Agent and the Verification Agent desire to amend and restate the Original Credit Agreement in its entirety in the manner set forth herein; 

WHEREAS, the Borrower has requested that the Lenders provide loans to Borrower in connection with its ownership interest in the
Solar Asset Owner Member Interests; and 
 WHEREAS, the Lenders are willing to provide such loans upon the terms and subject
to the conditions set forth herein. 
 NOW, THEREFORE, in consideration of the premises and the mutual
agreements contained herein, the parties hereto agree as follows: 
 ARTICLE I 

CERTAIN DEFINITIONS 

Section 1.1    Certain Definitions. Capitalized terms used but not otherwise defined
herein have the meanings given to them in Exhibit A attached hereto. 

Section 1.2    Computation of Time Periods. In this Agreement, in the computation of
periods of time from a specified date to a later specified date, the word “from” means “from and including,” the words “to” and “until” each means “to but excluding” and the word “through”
means “through and including.” Any references to completing an action on a non-Business Day (including any payments), shall be automatically extended to the next Business Day 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  

 Section 1.3    Construction. The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the
context requires otherwise, (A) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated,
supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth therein), (B) any reference herein to any Person shall be construed to include such Person’s successors and permitted
assigns, (C) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (D) all
references herein to Sections, Schedules and Exhibits shall be construed to refer to Sections of, and Schedules and Exhibits to, this Agreement, (E) the words “asset” and “property” shall be construed to have the same
meaning and effect and to refer to any and all real property, tangible and intangible assets and properties, including cash, securities, accounts and contract rights, and interests in any of the foregoing, (F) any reference to a statute, rule
or regulation is to that statute, rule or regulation as now enacted or as the same may from time to time be amended, re-enacted or expressly replaced and (G) “or” is not exclusive. References to
“Managing Member” in this Agreement shall be deemed to include all entities comprising such defined term unless the context requires otherwise. “References to “Manager” in this Agreement shall be deemed to include all
entities comprising such defined term unless the context requires otherwise. 

Section 1.4    Accounting Terms. All accounting terms not specifically or completely
defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with GAAP applied on a
consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the audited financial statements, except as otherwise specifically prescribed herein. 

ARTICLE II 

AMOUNTS AND TERMS OF THE ADVANCES 

Section 2.1    Establishment of the Credit Facility. On the Closing Date, and subject to
and upon the terms and conditions set forth in this Agreement and the other Transaction Documents, the Administrative Agent and the Lenders agreed to establish the credit facility set forth in this Agreement for the benefit of the Borrower. 

Section 2.2    The Advances. (A) Subject to the terms and conditions set forth
herein, each Non-Conduit Lender in a Class A Lender Group agrees, severally and not jointly, to make one or more loans (each such loan, a “Class A Advance”) to the
Borrower, from time to time 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -2- 

 
during the Availability Period, in an amount, for each Class A Lender Group, equal to its Class A Lender Group Percentage of the aggregate Class A Advances requested by the
Borrower pursuant to Section 2.4; provided that the Class A Advances made by any Class A Lender Group shall not exceed its Class A Lender Group Percentage of the lesser of (i) the Class A Aggregate Commitment
effective at such time and (ii) the Class A Borrowing Base at such time; provided, further, that a Non-Conduit Lender in a Class A Lender Group shall be deemed to have satisfied its
obligation to make a Class A Advance hereunder (solely with respect to such Class A Advance) to the extent any Conduit Lender in such Lender Group funds such Class A Advance in place of such
Non-Conduit Lender in accordance with this Agreement, it being understood that such Conduit Lender may fund a Class A Advance in its sole discretion. 

(B)    Subject to the terms and conditions set forth herein, each Non-Conduit
Lender in a Class B Lender Group agrees, severally and not jointly, to make one or more loans (each such loan, a “Class B Advance”) to the Borrower, from time to time during the Availability Period, in an
amount, for each Class B Lender Group, equal to its Class B Lender Group Percentage of the aggregate Class B Advances requested by the Borrower pursuant to Section 2.4; provided that the Class B Advances made by any
Class B Lender Group shall not exceed its Class B Lender Group Percentage of the lesser of (i) the Class B Aggregate Commitment effective at such time and (ii) the Class B Borrowing Base at such time; provided,
further, that a Non-Conduit Lender in a Class B Lender Group shall be deemed to have satisfied its obligation to make a Class B Advance hereunder (solely with respect to such Class B
Advance) to the extent any Conduit Lender in such Lender Group funds such Class B Advance in place of such Non-Conduit Lender in accordance with this Agreement, it being understood that such Conduit
Lender may fund a Class B Advance in its sole discretion. 
 Section 2.3    Use of
Proceeds. Proceeds of the Advances shall only be used by the Borrower to (i) make deposits into the Liquidity Reserve Account (up to the Liquidity Reserve Account Required Balance), (ii) make deposits into the Supplemental Reserve Account
(up to the Supplemental Reserve Account Required Balance), (iii) make distributions to the Parent and (iv) pay certain fees and expenses incurred in connection with establishment of the credit facility set forth in this Agreement. 

Section 2.4    Making the Advances. (A) Except as otherwise provided herein, the
Borrower may request that the Lenders make Advances to the Borrower by the delivery to the Administrative Agent, each Funding Agent, the Paying Agent and, so long as it remains a Lender hereunder, the CS Conduit Lender, not later than 1:00 P.M. (New
York City time) two (2) Business Days prior to the proposed Funding Date of a written notice of such request substantially in the form of Exhibit B-2 attached hereto (each such notice, a
“Notice of Borrowing”) together with a duly completed Borrowing Base Certificate signed by a Responsible Officer of the Borrower. Any Notice of Borrowing or Borrowing Base Certificate received by the Administrative Agent, the
Funding Agents and the Paying Agent after the time specified in the immediately preceding sentence shall be deemed to have been received by the Administrative Agent, the Funding Agents and the Paying Agent on the next Business Day, and to the extent
that results in the proposed Funding Date being earlier than two (2) Business Days after the date of delivery of such Notice of Borrowing, then the date specified in such Notice of Borrowing as the proposed Funding Date of an Advance shall be
deemed to be the Business Day immediately succeeding the proposed Funding Date of such Advance specified in such Notice of Borrowing. The proposed Funding Date 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -3- 

 
specified in a Notice of Borrowing shall be no earlier than two (2) Business Days after the date of delivery of such Notice of Borrowing and may be up to a maximum of thirty (30) days
after the date of delivery of such Notice of Borrowing. Unless otherwise provided herein, each Notice of Borrowing shall be irrevocable. The aggregate principal amount of the Class A Advance and Class B Advance requested by the Borrower
for any Funding Date shall not be less than the lesser of (x) $1,000,000 and (y) the remaining amount necessary in order for the Borrower to fully utilize all available Commitments. If the Administrative Agent delivers a written notice
(including by electronic mail) to the Borrower contesting the Borrower’s calculations or any statement within such Notice of Borrowing, it shall promptly inform the Borrower. The Borrower may then deliver an amended Notice of Borrowing to the
Administrative Agent, the Funding Agents and the Paying Agent or, by written notice, rescind the Notice of Borrowing. 

(B)    The Notice of Borrowing shall specify (i) the aggregate amount of Class A Advances requested together
with the allocated amount of Class A Advances to be paid by each Class A Lender Group based on its respective Class A Lender Group Percentage, (ii) the aggregate amount of Class B Advances requested together with the
allocated amount of Class B Advances to be paid by each Class B Lender Group based on its respective Class B Lender Group Percentage and (iii) the Funding Date; provided that the amount of Class A Advances to Class B
Advances requested shall be determined on a pro rata basis based on the Class A Aggregate Commitment and Class B Aggregate Commitment as of the proposed Funding Date. 

(C)    With respect to the Advances to be made on the Closing Date, each Lender shall pay the amount of its Advance by
wire transfer of such funds to the Borrower’s Account no later than 4:00 P.M. (New York City time) on the Closing Date. 

(D)    With respect to the Advances to be made on any Funding Date, other than the initial Advance to be made on the
Closing Date, upon a determination by the Administrative Agent that all conditions precedent to the Advances to be made on such Funding Date set forth in Article III have been satisfied or otherwise waived, each Lender shall fund the amount of its
Advance by wire transfer of such funds in accordance with the Borrower’s written instructions initiated no later than 2:00 P.M. (New York City time) on such Funding Date. 

(E)    Notwithstanding the foregoing, if any Non-Conduit Lender who shall have
previously notified the Borrower in writing, in substantially the form of Exhibit H hereto, that it has incurred any external cost, fee or expense directly related to and as a result of the “liquidity coverage ratio” under Basel III
in respect of its Commitment hereunder or any liquidity agreement between such Non-Conduit Lender and the Conduit Lender, or its interest in the Advances, such
Non-Conduit Lender may, upon receipt of a Notice of Borrowing pursuant to Section 2.4(A), notify the Borrower in writing by 5:00 P.M. (New York City time) two (2) Business Days prior to the Funding
Date specified in such Notice of Borrowing, in substantially the form of Exhibit I hereto (a “Delayed Funding Notice”), of its intent to fund (or, if applicable and if such Conduit Lender so agrees in its sole discretion,
have its Conduit Lender, if applicable, fund all or part of) its allocated amount of the related Advance in an amount that would, if combined with all other requested Advances within the past thirty-five (35) days, exceed $20,000,000 (such
amount, the “Delayed Amount”) on a Business Day that is on or before the thirty-fifth (35th) day following the date of delivery of such Non-Conduit Lender of such Delayed Funding Notice (the
“Delayed Funding Date”) rather than on the date specified in such Notice of Borrowing. If any Non-Conduit 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -4- 

 
Lender provides a Delayed Funding Notice to the Borrower following the delivery by the Borrower of a Notice of Borrowing, the Borrower may revoke such Notice of Borrowing by delivering written
notice of the same to the Administrative Agent and the Funding Agents by 12:00 P.M. (New York city time) on the Business Day preceding the related Funding Date. No Non-Conduit Lender that has provided a
Delayed Funding Notice in respect of an Advance (a “Delayed Funding Lender”) shall be considered to be in default of its obligation to fund its Delayed Amount pursuant to Section 2.4(D) hereunder unless and until it has failed
to fund the Delayed Amount on or before the Delayed Funding Date. A Delayed Funding Lender is not obliged to fund until thirty-five (35) days have elapsed since the funding request. For the avoidance of doubt, a Delayed Funding Lender shall be
required to fund its Delayed Amount regardless of the occurrence of an Amortization Event, Event of Default, Potential Amortization Event or Potential Default which occurs during the period from and including the related Funding Date to and
including the related Delayed Funding Date, unless such Amortization Event, Event of Default, Potential Amortization Event or Potential Default relates to an Insolvency Event with respect to the Borrower. 

(F)    If (i) one or more Delayed Funding Lenders provide a Delayed Funding Notice to the Borrower in respect of a
Notice of Borrowing and (ii) the Borrower shall not have revoked the Notice of Borrowing prior to the Business Day preceding such Funding Date, the Administrative Agent shall, by no later than 12:00 P.M. (New York City time) on the Business Day
preceding such Funding Date, direct each Lender Group and each Non-Conduit Lender that is not a Delayed Funding Lender with respect to such Funding Date (each a
“Non-Delayed Funding Lender”) to fund an additional portion of such Advance on such Funding Date equal to such Non-Delayed Funding Lender’s
proportionate share (based upon such Non-Delayed Funding Lender’s Commitment relative to the sum of the Commitments of all Non-Delayed Funding Lenders) of the
aggregate Delayed Amounts with respect to such Funding Date; provided, that in no event shall a Non-Delayed Funding Lender be required to fund any amounts in excess of its Commitment. Subject to
Section 2.4(D), in the case of a Non-Delayed Funding Lender that is a Non-Conduit Lender, such Non-Conduit Lender hereby
agrees, or, in the case of a Non-Delayed Funding Lender that is a Lender Group, the Conduit Lender in such Lender Group may agree, in its sole discretion, and the
Non-Conduit Lenders in such Lender Group hereby agree, to fund such portion of the Advance on such Funding Date. 

(G)    After the Non-Delayed Funding Lenders fund a Delayed Amount on any Funding
Date in accordance with Section 2.4(F), the Delayed Funding Lender in respect of such Delayed Amount will be obligated to fund an amount equal to the excess, if any, of (a) such Delayed Amount over (b) the amount, if any, by which the
portion of any principal distribution amount paid to such Non-Delayed Funding Lenders pursuant to Section 2.7 or any decrease to the outstanding principal balance made in accordance with Section 2.8,
on any date during the period from and including such Funding Date to but excluding the Delayed Funding Date for such Delayed Amount, was greater than what it would have been had such Delayed Amount been funded by such Delayed Funding Lender on such
Funding Date (the “Delayed Funding Reimbursement Amount”) with respect to such Delayed Amount on or before its Delayed Funding Date, irrespective of whether the Borrower would be able to satisfy the conditions set forth in
Section 3.2(A) to an Advance, in an amount equal to such Delayed Funding Reimbursement Amount on such Delayed Funding Date. Such Delayed Funding Lender shall fund such Delayed Funding Reimbursement Amount on such Delayed Funding Date by paying
such amount to the Administrative Agent in immediately available funds, and the Administrative Agent shall 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -5- 

 
distribute such funds to each such Non-Delayed Funding Lender, pro rata based on the relative amount of such Delayed Amount funded by such Non-Delayed Funding Lender on such Funding Date pursuant to Section 2.4(F). 

Section 2.5    Fees. 

(A)    Facility Administrator Fee. Subject to the terms and conditions of the Facility Administration Agreement, the
Borrower shall pay the Facility Administrator Fee to the initial Facility Administrator and after the resignation or replacement of the initial Facility Administrator, the Borrower shall pay the Facility Administrator Fee to a Successor Facility
Administrator appointed in accordance with the Facility Administration Agreement. 
 (B)    Verification Agent
Fee. Subject to the terms and conditions of the Verification Agent Agreement, the Borrower shall pay to the Verification Agent the Verification Agent Fee. 

(C)    Paying Agent Fee. Subject to the terms and conditions of the Paying Agent Fee Letter, the Borrower shall pay
to the Paying Agent the Paying Agent Fee. 
 (D)    Unused Line Fees. Solely during the Availability Period, the
Borrower agrees to pay to each Funding Agent, for the benefit of the Non-Conduit Lender in its Lender Group and as consideration for the Commitment of such Non-Conduit
Lender in such Lender Group unused line fees in Dollars (the “Unused Line Fee”) for the period from the Closing Date to the last day of the Availability Period, computed as (a) the Unused Line Fee Percentage multiplied
by (b) the average Unused Portion of the Commitments with respect to such Lender Group during a calendar quarter. Accrued Unused Line Fees shall be due and payable in arrears (from available Collections as set forth and in the order of
priority established pursuant to Section 2.7) on the Payment Date immediately following the last day of the applicable calendar quarter for which such fee was calculated and on the last day of the Availability Period. 

(E)    Payment of Fees. The fees set forth in Section 2.5(A), (B), (C), (D) and (E) shall be payable on
each Payment Date by the Borrower from Distributable Collections as set forth in and in the order of priority established pursuant to Section 2.7(B). Notwithstanding anything to the contrary herein or in any Transaction Document, the fees
referred to in this Section 2.5 shall not constitute “Confidential Information.” 

Section 2.6    Reduction/Increase of the Commitments. 

(A)    The Borrower may, on any Business Day, upon written notice given to the Administrative Agent and each of the Funding
Agents not later than ten (10) Business Days prior to the date of the proposed action (which notice may be conditioned upon any event), terminate in whole or reduce in part, on a pro rata basis based on its Lender Group Percentage, the Unused
Portion of the Commitments with respect to each Lender Group (and on a pro rata basis with respect to each Non-Conduit Lender in such Lender Group); provided, that (i) any partial reduction shall
be in the amount of $1,000,000 or an integral multiple thereof and (ii) any Unused Portion of the Commitments so reduced may not be increased again without the written consent of the related Non-Conduit
Lenders in such Lender Group. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (B)    The Borrower may, on any Business Day upon written notice given
to the Administrative Agent and each of the Funding Agents, request an increase, on a pro rata basis based on its Lender Group Percentage, of the Commitments of the Non-Conduit Lender(s) in each Lender Group;
provided, that any increase shall be at least equal to $5,000,000 or an integral multiple thereof but shall in no event cause the Aggregate Commitment to exceed the Maximum Facility Amount, the Class A Aggregate Commitment to exceed the
Class A Maximum Facility Amount or the Class B Aggregate Commitment to exceed the Class B Maximum Facility Amount. Each Non-Conduit Lender shall, within five (5) Business Days of receipt of
such request, notify the Administrative Agent and the Administrative Agent shall in turn notify the Borrower in writing (with copies to the other members of the applicable Lender Group) whether or not each
Non-Conduit Lender has, in its sole discretion, agreed to increase its Commitment. If a Non-Conduit Lender does not send any notification to the Administrative Agent
within such five (5) Business Day period, such Non-Conduit Lender shall be deemed to have declined to increase its Commitment. Any increase in Commitments agreed to pursuant to this
Section 2.6(B) may be reduced by a Non-Conduit Lender, at any time, upon five Business Days’ written notice to the Borrower from the Administrative Agent (with copies to the
other members of the applicable Lender Group) setting forth the amount of such reduction; provided, however, that such Commitment may not be reduced to an amount less than such Non-Conduit
Lender’s initial Commitment on the Restatement Date (if such reduction is prior to a Takeout Transaction) or to an amount less than such Non-Conduit Lender’s Commitment on or after a Takeout
Transaction (if such reduction is on or after a Takeout Transaction), but may be reduced to an amount that is less than the then Aggregate Outstanding Advances. 

Section 2.7    Repayment of the Advances. (A) Notwithstanding any other provision to
the contrary, the outstanding principal balance of the Advances and the other Obligations owing under this Agreement, together with all accrued but unpaid interest thereon, shall be due and payable in full, if not due and payable earlier, on the
Maturity Date. 
 (B)    On any Business Day, the Borrower may direct the Paying Agent to, and on each Payment Date, the
Borrower shall direct the Paying Agent to, subject to Section 2.7(D), apply all amounts on deposit in the Collection Account (including (x)(1)(a) Collections deposited therein during the related Collection Period and (b) any amounts due
during the related Collection Period but deposited into the Collection Account within ten (10) Business Days after the end of such Collection Period that the Facility Administrator (at its option) has determined (with written notice thereof to
the Paying Agent (with a copy to the Administrative Agent and the Borrower)) to be treated as if such amounts were on deposit in the Collection Account at the end of such Collection Period, (2) amounts deposited therein from the Liquidity
Reserve Account or the Supplemental Reserve Account, in each case in accordance with Section 8.2 or (3) any amounts deposited therein by the Parent pursuant to the Parent Guaranty, but (y) excluding Collections deposited therein in
the current Collection Period except as necessary to make distributions pursuant to clauses (i) through (iii) of this Section or as otherwise determined by the Facility Administrator pursuant to clause (x)(1)(a) above) (the
“Distributable Collections”), to the Obligations in the following order of priority based solely on information contained in (I) with respect to any Payment Date, the Facility Administrator Report for such related Collection
Period or, if no Facility Administrator Report is available, solely as directed in writing by the Administrative Agent or (II) with respect to any other Business Day, including the date of closing for a Takeout Transaction, on which the
Borrower requests an application and distribution of funds in the Collection Account (and/or 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Takeout Transaction Account, if applicable), an interim Facility Administrator Report or such other report in form and substance reasonably satisfactory to the Administrative Agent (as confirmed
by the Administrative Agent via an email sent to the Paying Agent) and the Paying Agent relating to the Distributable Collections and proceeds of a Takeout Transaction, if applicable, that is delivered by the Facility Administrator (which the
Facility Administrator hereby agrees to deliver at the request of the Administrative Agent): 

(i)    first (Service Providers), ratably, (a) to the Paying Agent (1) the Paying
Agent Fee and (2)(x) any accrued and unpaid Paying Agent Fees with respect to prior Payment Dates plus (y) out-of-pocket expenses and indemnities of the Paying
Agent incurred and not reimbursed in connection with its obligations and duties under this Agreement; provided that the aggregate payments to the Paying Agent reimbursement for clauses (2)(y) will be limited to $50,000 per calendar year so long as
no Event of Default or Amortization Event has occurred pursuant to this Agreement (unless otherwise approved by the Majority Lenders and, if such reimbursement amount is to be increased, the Majority Class B Lenders (the approval of the
Majority Class B Lenders not to be unreasonably withheld, conditioned or delayed if otherwise approved by the Majority Lenders); provided that if the Majority Class B Lenders have not affirmatively disapproved such increase in
writing within five (5) Business Days of receiving notice of such increase and the Majority Lenders have otherwise approved such increase, such increase shall be deemed approved); (b) to the Facility Administrator, the Facility Administrator
Fee, and (c) to the Verification Agent, the Verification Agent Fee; 
 (ii)    second (Hedge
Agreement Payments and Class A Interest Distribution Amount), on a pari passu basis (a) to the Qualifying Hedge Counterparty under each Hedge Agreement, the payment of all amounts which are due
and payable by the Borrower to such Qualifying Hedge Counterparty on such date (other than fees, expenses, termination payments, indemnification payments, tax payments or other similar amounts), pursuant to the terms of the applicable Hedge
Agreement (net of all amounts which are due and payable by such Qualifying Hedge Counterparty to the Borrower on such date pursuant to the terms of such Hedge Agreement) and (b) to each Class A Funding Agent, for the benefit of and on
behalf of the Class A Lenders in its Class A Lender Group, the Class A Interest Distribution Amount then due (allocated among the Class A Lender Groups based on their Class A Lender Group Percentages) until paid in full;

 (iii)    third (Class B Interest Distribution Amount
(Non-Event of Default)), so long as no Event of Default has occurred and is continuing, to each Class B Funding Agent, for the benefit of and on behalf of the Class B Lenders in its
Class B Lender Group, the Class B Interest Distribution Amount then due (allocated among the Class B Lender Groups based on their Class B Lender Group Percentages) until paid in full; 

(iv)    fourth (Unused Line Fee), first, to each Class A Funding Agent, for the
benefit of and on behalf of the related Non-Conduit Lender(s) in its Lender Group, the payment of the Unused Line Fee then due (allocated among the Lender Groups based on their Lender Group Percentages) until
paid in full and second, to each Class B Funding Agent, for the benefit of and on behalf of the related Non-Conduit Lender(s) in its Lender Group, the payment of the Unused Line Fee then due
(allocated among the Lender Groups based on their Lender Group Percentages) until paid in full; 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (v)    fifth (Liquidity Reserve Account),
if the amount on deposit in the Liquidity Reserve Account is less than the Liquidity Reserve Account Required Balance and no Amortization Event has occurred and is continuing, to the Liquidity Reserve Account until the amount on deposit in the
Liquidity Reserve Account shall equal the Liquidity Reserve Account Required Balance; 

(vi)    sixth (Supplemental Reserve Account), to the Supplemental Reserve Account, the
Supplemental Reserve Account Deposit, if any; 
 (vii)    seventh (Class A Borrowing Base
Deficiency), to the extent required under Section 2.9 in connection with a Class A Borrowing Base Deficiency, to each Class A Funding Agent, on behalf of the Class A Lenders in its Class A Lender Group, for the
prepayment and reduction of the outstanding principal amount of any Class A Advances, an amount equal to the amount necessary to cure such Class A Borrowing Base Deficiency (allocated ratably among the Class A Lender Groups based on
their Class A Lender Group Percentages) plus, to the extent not paid as provided above, accrued and unpaid interest on the Class A Advances prepaid until paid in full; 

(viii)    eighth (Class B Interest Distribution Amount (Event of Default)), if an Event of
Default has occurred and is continuing, to each Class B Funding Agent, for the benefit of and on behalf of the Class B Lenders in its Class B Lender Group, the Class B Interest Distribution Amount then due (allocated among the
Class B Lender Groups based on their Class B Lender Group Percentages) until paid in full; 

(ix)    ninth (Class B Borrowing Base Deficiency), to the extent required under
Section 2.9 in connection with a Class B Borrowing Base Deficiency, to each Class B Funding Agent, on behalf of the Class B Lenders in its Class B Lender Group, for the prepayment and reduction of the outstanding principal
amount of any Class B Advances, an amount equal to the amount necessary to cure such Class B Borrowing Base Deficiency (allocated ratably among the Class B Lender Groups based on their Class B Lender Group Percentages) plus, to
the extent not paid as provided above, accrued and unpaid interest on the Class B Advances prepaid until paid in full; 

(x)    tenth (Qualifying Hedge Counterparty Breakage and Amortization Period
Class A Lender Obligations), on a pari passu basis (a) to the Administrative Agent for the account of the Hedge Counterparty under each Hedge Agreement, all payments which arose due to a default
by the Borrower or due to any prepayments of amounts under such Hedge Agreement and all fees, expenses, indemnification payments, tax payments or other amounts (to the extent not previously paid hereunder) which are due and payable by the Borrower
to such Hedge Counterparty on such date, pursuant to the terms of the applicable Hedge Agreement (net of all amounts which are due and payable by such Qualifying Hedge Counterparty to the Borrower on such date pursuant to the terms of such Hedge
Agreement) and (b) during the Amortization Period, to the Administrative Agent and each Class A Funding Agent on behalf of itself and the Class A Lenders in its related Class A Lender

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Group, all remaining amounts, for application to the principal balance of the outstanding Class A Advances and the aggregate amount of all Obligations then due from the Borrower to the
Administrative Agent, such Class A Funding Agent and each such Class A Lender in the Class A Lender Group (allocated among such Obligations as selected by the Administrative Agent; provided that payment of the principal balance
of outstanding Class A Advances shall be allocated ratably among the Class A Lender Groups based on their Class A Lender Group Percentages) until paid in full; 

(xi)    eleventh (Amortization Period Class B Lender
Obligations), during the Amortization Period, to the Administrative Agent and each Class B Funding Agent on behalf of itself and the Class B Lenders in its related Class B Lender Group, all remaining amounts, for application
to the payment of the principal balance of the outstanding Class B Advances and the aggregate amount of all Obligations then due from the Borrower to the Administrative Agent, such Class B Funding Agent and each such Class B Lender in
the Class B Lender Group (allocated among such Obligations as selected by the Administrative Agent; provided that payment of the principal balance of outstanding Class B Advances shall be allocated ratably among the Class B
Lender Groups based on their Class B Lender Group Percentages) until paid in full; 

(xii)    twelfth (Lender Fees and Expenses), first, to the Administrative Agent and
each Class A Funding Agent on behalf of itself and the Class A Lenders in its related Class A Lender Group, the payment of all Breakage Costs, all Liquidation Fees and all other amounts (other than those already provided for above)
due and payable by the Borrower to the Administrative Agent, such Class A Funding Agent and such Class A Lenders (solely in their capacity as a Class A Lender) hereunder or under any other Transaction Document until paid in full and
second, to each Class B Funding Agent on behalf of itself and the Class B Lenders in its related Class B Lender Group, the payment of all Breakage Costs, all Liquidation Fees and all other amounts (other than those already
provided for above) due and payable by the Borrower to such Class B Funding Agent and such Class B Lenders (solely in their capacity as a Class B Lender) hereunder or under any other Transaction Document until paid in full; 

(xiii)    thirteenth (All Other Obligations), to the Administrative Agent on behalf of any
applicable party, the ratable payment of all other Obligations that are past due and/or payable on such date; 

(xiv)    fourteenth (Service Provider Indemnities), ratably, to the Paying Agent, the
Verification Agent and/or the Facility Administrator, any indemnification, expenses, fees or other obligations owed to the Paying Agent, the Verification Agent and/or the Facility Administrator, respectively (including
out-of-pocket expenses and indemnities of the Paying Agent and the Verification Agent not paid pursuant to clause (i) above and any Facility Administrator Fees,
Paying Agent Fees or Verification Agent Fees not paid pursuant to clause (i) above), pursuant to the Transaction Documents; 

(xv)    fifteenth (Class A Principal Prepayments; Class B Principal
Prepayments), ratably, unless an Event of Default or Amortization Event has occurred and is continuing, then, sequentially, as specified in Section 2.8(A), (a) to each Class A Funding

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Agent on behalf of its related Class A Lender Group, to the prepayment of Class A Advances in accordance with Sections 2.8(A), 2.11, 2.12(A) and 2.13 (allocated ratably among the
Class A Lender Groups based on their Class A Lender Group Percentages), and (b) to each Class B Funding Agent on behalf of its related Class B Lender Group, to the prepayment of Class B Advances in accordance with
Sections 2.8(A), 2.11, 2.12(A) and 2.13 (allocated ratably among the Class B Lender Groups based on their Class B Lender Group Percentages); 

(xvi)    sixteenth (Eligible Letter of Credit Bank), to each Eligible Letter of Credit Bank
or other party as directed by the Facility Administrator (a) any fees and expenses related to a Letter of Credit and (b) any amounts which have been drawn under a Letter of Credit and any interest due thereon; and 

(xvii)    seventeenth (Remainder), all Distributable Collections remaining in the Collection
Account after giving effect to the preceding distributions in this Section 2.7(B), to the Borrower’s Account (to cover any other expenses of the Borrower). 

(C)    After giving effect to the application of Distributable Collections in accordance with Section 2.7(B) on any
Business Day, if any, the Paying Agent shall, subject to Sections 2.7(D) and 2.8(B), apply all amounts on deposit in the Takeout Transaction Account on such Business Day representing net proceeds of any Takeout Transaction to the Obligations in the
following order of priority: 
 (i)    first (Interest), (a) first, to each
Class A Funding Agent, on behalf of the Class A Lenders in its Class A Lender Group, the excess, if any, of the Class A Interest Distribution Amount accrued with respect to the amount of Class A Advances prepaid on such day
(allocated among the Class A Lender Groups based on their Class A Lender Group Percentages) with respect to the related Interest Accrual Period over the amount distributed (or distributable) to the Class A Funding Agent on such day
pursuant to Section 2.7(B)(ii)(b) and (b) second, to each Class B Funding Agent, for the benefit of and on behalf of the Class B Lenders in its Class B Lender Group, the excess, if any, of the Class B Interest
Distribution Amount accrued with respect to the amount of Class B Advances prepaid on such day (allocated among the Class B Lender Groups based on their Class B Lender Group Percentages) with respect to the related Interest Accrual
Period over the amount distributed (or distributable) to the Class B Funding Agent on such day pursuant to Section 2.7(B)(iii); 

(ii)    second (Liquidation Fees and Other Obligations Owing to Administrative Agents, Lenders and
Funding Agents), (a) first, to each Funding Agent on behalf of the Lenders in its related Lender Group, for application to the aggregate amount of all Liquidation Fees accrued with respect to the amount of Advances prepaid on such day
(other than those already provided for pursuant to this Section 2.7(C)) then due and payable by the Borrower (allocated ratably among the Class A Lender Groups and the Class B Lender Groups based on the percentage of the Aggregate
Outstanding Advances funded by each such Lender Group and within each Lender Group based on their applicable Lender Group Percentages) until paid in full, (b) second, ratably, to the Administrative Agent and each Class A Funding
Agent, on behalf of itself and the Class A Lenders in its related Class 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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A Lender Group, the aggregate amount of all Obligations accrued with respect to the amount of Class A Advances prepaid on such day (other than those provided for in other clauses of this
Section 2.7(C)) then due and payable by the Borrower to the Administrative Agent, such Class A Funding Agent and such Class A Lenders (solely in its capacity as a Class A Lender) hereunder or under any other Transaction Document
until paid in full, and (c) third, to each Class B Funding Agent, on behalf of itself and the Class B Lenders in its related Class B Lender Group, the aggregate amount of all Obligations accrued with respect to the amount
of Class B Advances prepaid on such day (other than those provided for in other clauses of this Section 2.7(C)) then due and payable by the Borrower to such Class B Funding Agent or such Class B Lenders (solely in its capacity as
a Class B Lender) hereunder or under any other Transaction Document until paid in full; 

(iii)    third (Principal), so long as no Event of Default or Amortization Event has occurred
and is continuing, pro rata based on amounts then due to the Class A Lenders and the Class B Lenders, and if an Event of Default or Amortization Event has occurred and is continuing, sequentially, (a) to each Class A Funding
Agent on behalf of its related Class A Lender Group, to the prepayment of Class A Advances in accordance with Sections 2.8(A), 2.11, 2.12(A) and 2.13 (allocated ratably among the Class A Lender Groups based on their Class A
Lender Group Percentages) and (b) to each Class B Funding Agent on behalf of its related Class B Lender Group, to the prepayment of Class B Advances in accordance with Sections 2.8(A), 2.11, 2.12(A) and 2.13 (allocated ratably
among the Class B Lender Groups based on their Class B Lender Group Percentages); 

(iv)    fourth (Qualifying Hedge Counterparty and Eligible Hedged SREC Counterparty
Payments), ratably to (a) to the Administrative Agent for the account of the Qualifying Hedge Counterparty under each Hedge Agreement, all payments that are due and payable by the Borrower to such Qualifying Hedge Counterparty on such
date arising as a result of the prepayment of Advances in connection with such Takeout Transaction (including all fees, expenses, indemnification payments, tax payments, termination payments and other amounts), pursuant to the terms of the
applicable Hedge Agreement (net of all amounts which are due and payable by such Qualifying Hedge Counterparty to the Borrower on such date pursuant to the terms of such Hedge Agreement) and (b) to the Eligible Hedged SREC Counterparty under
each Hedged SREC Agreement, all payments that are due and payable by the Borrower under such Hedged SREC Agreement on such date arising as a result of the prepayment of Advances in connection with such Takeout Transaction (including all fees,
expenses, indemnification payments, tax payments, termination payments and other amounts), pursuant to the terms of the applicable Hedged SREC Agreement; 

(v)    fifth (Eligible Letter of Credit Bank), to the Eligible Letter of Credit Bank or other
party as directed by the Facility Administrator (a) any fees and expenses related to a Letter of Credit and (b) any amounts which have been drawn under a Letter of Credit and any interest due thereon; and 

(vi)    sixth (Remainder), to the Collection Account, all proceeds of such Takeout
Transaction remaining in the Takeout Transaction Account for application in accordance with Section 2.7(B). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (D)    Notwithstanding anything to the contrary set forth in this
Section 2.7 or Section 8.2, the Paying Agent shall not be obligated to make any determination or calculation with respect to the payments or allocations to be made pursuant to either of such Sections, and in making the payments and
allocations required under such Sections, the Paying Agent shall be entitled to rely exclusively and conclusively upon the information in the latest Facility Administrator Report (or such other report or direction signed by the Administrative Agent)
received by the Paying Agent pursuant to either such Section prior to the applicable payment date. Any payment direction to be acted upon by the Paying Agent pursuant to either such Section on a payment date other than a Payment Date shall be
delivered to the Paying Agent at least two (2) Business Days prior to the date on which any payment is to be made. 

Section 2.8    Certain Prepayments. (A) The Borrower (through the Paying Agent
pursuant to Section 2.7(B) and as otherwise permitted in this Agreement) may at any time upon written notice to the Administrative Agent, the Funding Agents and the Paying Agent, and subject to the priority of payments set forth in
Section 2.7(B), prepay all or any portion of the balance of the principal amount of the Class A Advances or the Class B Advances based on the outstanding principal amounts thereof, which notice shall be given at least three
(3) Business Days prior to the proposed date of such prepayment. Each such prepayment (which need not be on a Payment Date) shall be accompanied by (a) the payment of all accrued but unpaid interest on the amounts to be so prepaid and
(b) any Liquidation Fee in connection with such prepayment if such prepayment is not made on a Payment Date. Prepayments made in accordance with this Section shall be applied to the outstanding principal amount of Class A Advances and
Class B Advances (i) in the absence of an Event of Default or Amortization Event, ratably and (ii) otherwise, sequentially. 

(B)    The Borrower shall deposit all proceeds of any Takeout Transaction (net of reasonable fees, taxes, commissions,
premiums and expenses incurred by the Borrower in connection with such Takeout Transaction so long as such deposit is greater than or equal to the Minimum Payoff Amount) into the Takeout Transaction Account, and the Administrative Agent shall apply
such proceeds to prepay the applicable Class A Advances and Class B Advances made in respect of the Collateral that is subject to such Takeout Transaction and make other related payments in accordance with Sections 2.7(B) and 2.7(C),
including any such payments due to the Paying Agent. 
 Section 2.9    Mandatory
Prepayments of Advances. On any date that the Borrower either (a) obtains knowledge that (i) as of any prior Funding Date, any prior Payment Date or date on which a prepayment was made in accordance with Section 2.8 or
(ii) in connection with the delivery of a Borrowing Base Certificate for an upcoming Funding Date, Payment Date or date on which a prepayment is to made in accordance with Section 2.8, or (b) receives notice from the Administrative
Agent (with calculations set forth in reasonable detail), that as of any Funding Date, Payment Date or date on which a prepayment is made in accordance with Section 2.8, (i) the aggregate outstanding principal amount of all Class A
Advances exceeds the lesser of (x) the amount of the Class A Aggregate Commitment in effect as of such date (without giving effect to or treating as outstanding any Advance that was approved pursuant to Section 2.18) and (y) the
Class A Borrowing Base (the occurrence of any such excess being referred to herein as a “Class A Borrowing Base Deficiency”), or (ii) the aggregate outstanding principal amount of all Class B
Advances exceeds the lesser of (x) the amount of the Class B Aggregate Commitment in effect as of such date (without giving effect to or treating as outstanding any Advance that was approved

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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pursuant to Section 2.18) and (y) the Class B Borrowing Base (the occurrence of any such excess being referred to herein as a “Class B Borrowing Base
Deficiency” and together with the Class A Borrowing Base Deficiency, a “Borrowing Base Deficiency”), the Borrower shall pay to the Class A Funding Agent and/or Class B Funding Agent, as applicable, for the
account of its Lender Group the amount of any such excess (to be applied to the reduction of the applicable Advances ratably among all applicable Lender Groups based on their Lender Group Percentages to the extent necessary to cure such Borrowing
Base Deficiency), together with accrued but unpaid interest on the amount required to be so prepaid to the date of such prepayment and any Liquidation Fee in connection with such prepayment if such prepayment is not made on a Payment Date. 

Section 2.10    Substitution of Solar Assets. At any time prior to the Maturity Date, the
Borrower may replace any SAP II Solar Asset that is a Defective Solar Asset, a Defaulted Solar Asset, a Delinquent Solar Asset, a Terminated Solar Asset or a Host Customer Purchased Asset with another SAP II Solar Asset (a “Substitute Solar
Asset”), subject to the satisfaction of all conditions to the acquisition of SAP Solar II Assets by SAP II under the applicable SAP II Financing Documents and subject to the satisfaction of the following conditions: 

(A)    each Substitute Solar Asset is an Eligible Solar Asset and, during the occurrence and continuance of an
Amortization Event, has been pre-approved by Administrative Agent on or before the date of substitution; 

(B)    the PV System related to each Substitute Solar Asset has received Permission to Operate; 

(C)    any Substitution Shortfall Amount as a result of such substitution shall be deposited into the Collection Account
on the date of such substitution; 
 (D)    no Potential Default or Event of Default has occurred and is continuing
(before or after giving effect to such substitution) unless such Potential Default or Event of Default would be cured after giving effect to such substitution and the payment of any related Substitution Shortfall Amount; 

(E)    the Borrower shall deliver to the Verification Agent the Solar Asset File for any Substitute Solar Assets for
certification pursuant to the Verification Agent Agreement and Administrative Agent shall have received the related A-1 Verification Agent Certification in respect of such Substitute Solar Assets from the
Verification Agent pursuant to the Verification Agent Agreement; and 
 (F)    the Borrower shall deliver to the
Administrative Agent on the date of such substitution a certificate of a Responsible Officer of the Borrower certifying that each of the foregoing is true and correct as of such date and set forth the calculation of the related Substitution
Shortfall Amount (if any) in the form of Exhibit C attached hereto. 
 Upon confirmation of the delivery of a Substitute Solar Asset for each
applicable Solar Asset being substituted for, each applicable Solar Asset being substituted for shall be removed from the Collateral and the applicable Substitute Solar Asset(s) shall be included in the Collateral. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 The aggregate Discounted Solar Asset Balance of any Defaulted Solar Assets or Defective Solar Assets that
are the subject of any substitution pursuant to this Section 2.8 shall not exceed 10.0% of the highest aggregate Discounted Solar Asset Balance related to SAP II Solar Assets since the Closing Date less the sum of the Discounted Solar Asset
Balance of all Defective Solar Assets and Defaulted Solar Assets (in each case measured as of the date immediately prior to such Solar Asset becoming classified as such) previously substituted pursuant to this option. 

Section 2.11    Interest. The makers of the Advances shall be entitled to the applicable
Interest Distribution Amount payable on each Payment Date in accordance with Sections 2.7(B) and 2.7(C). 

Section 2.12    Breakage Costs; Liquidation Fees; Increased Costs; Capital Adequacy;
Illegality; Additional Indemnifications. 
 (A)    Breakage Costs and Liquidation Fees. (i) If any
Advance is not made on the date specified by the Borrower for any reason other than default by the Lenders, the Borrower hereby agrees to pay Breakage Costs, if any, and (ii) the Borrower agrees to pay all Liquidation Fees associated with a
reduction of the principal balance of a Class A Advance or Class B Advance at any time. The Borrower shall not be responsible for any Liquidation Fees or any other loss, cost, or expenses arising at the time of, and arising solely as a
result of, any assignment made pursuant to Section 10.8 and the reallocation of any portion of a Class A Advance or Class B Advance of the applicable Lender making such assignment unless, in each case, such assignment is requested by
the Borrower. 
 (B)    Increased Costs. If any Change in Law (a) shall subject any Lender, the
Administrative Agent or any Affiliate thereof (each of which, an “Affected Party”) to any Taxes (other than (x) Indemnified Taxes, (y) Taxes described in clauses (ii) through (iv) of the definition of Excluded Taxes
and (z) Connection Income Taxes) on its loans, loan principal, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto, (b) shall impose, modify or deem applicable any reserve
requirement (including any reserve requirement imposed by the Board of Governors of the Federal Reserve System), special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Affected
Party, or (c) shall impose any other condition affecting the Collateral or the rights of any Lender and the Administrative Agent hereunder, the result of which is to increase the cost to any Affected Party under this Agreement or to reduce the
amount of any sum received or receivable by an Affected Party under this Agreement, then on the next Payment Date after written demand by such Affected Party, such Affected Party shall receive such additional amount or amounts as will compensate
such Affected Party for such additional or increased cost incurred or such reduction suffered to the extent such additional or increased costs or reduction are incurred or suffered in connection with the Collateral, any obligation to make Advances
hereunder, any of the rights of such Lender or the Administrative Agent hereunder, or any payment made hereunder in accordance with Section 2.7(B); provided, that the Borrower shall not be required to compensate such Affected Party for
any portion of such additional or increased cost or such reduction that is incurred more than one hundred eighty (180) days prior to any such demand (except that, if the event giving rise to such additional or increased cost or such reduction
is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -15- 

 (C)    Capital Adequacy. If any Change in Law has or would have
the effect of reducing the rate of return on the capital of any Affected Party as a consequence of its obligations hereunder or arising in connection herewith to a level below that which any such Affected Party could have achieved but for such
Change in Law (taking into consideration the policies of such Affected Party with respect to capital adequacy) by an amount deemed by such Affected Party to be material, then from time to time, then on the next Payment Date after written demand by
such Affected Party (which demand shall be accompanied by a statement setting forth the basis for such demand), such Affected Party shall receive such additional amount or amounts as will compensate such Affected Party for such reduction in
accordance with Section 2.7(B); provided, that the Borrower shall not be required to compensate such Affected Party for any portion of such additional amount or amounts that are incurred more than one hundred eighty (180) days prior
to any such demand (except that, if the event giving rise to such additional amount or amounts is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive
effect thereof). 
 (D)    Compensation. If as a result of any event or circumstance similar to those described
in Section 2.12(A), 2.12(B), or 2.12(C), any Affected Party is required to compensate a bank or other financial institution providing liquidity support, credit enhancement or other similar support to such Affected Party in connection with this
Agreement or the funding or maintenance of Advances hereunder, then on the next Payment Date after written demand by such Affected Party, such Affected Party shall receive such additional amount or amounts as may be necessary to reimburse such
Affected Party for any amounts paid by it; provided, that the Borrower shall not be required to compensate such Affected Party for any portion of such additional amount or amounts that are incurred more than one hundred eighty (180) days
prior to any such demand (except that, if the event giving rise to such additional amount or amounts is retroactive, then the 180-day period referred to above shall be extended to include the period of
retroactive effect thereof). 
 (E)    Calculation. In determining any amount provided for in this
Section 2.12, the Affected Party may use any reasonable averaging and attribution methods. Any Affected Party making a claim under this Section 2.12 shall submit to the Borrower a certificate as to such additional or increased cost or
reduction, which certificate shall be conclusive absent manifest error. 

Section 2.13    Payments and Computations. (A) The Borrower (through the Paying
Agent pursuant to Sections 2.7(B) and 2.7(C) and as otherwise permitted in this Agreement) shall make each payment and prepayment hereunder and under the Advances in respect of principal, interest, expenses, indemnities, fees or other Obligations
due from the Borrower not later than 4:00 P.M. (New York City time) on the day when due in U.S. Dollars to the related Funding Agent at its address referred to in Section 10.3 or to such account provided by such Funding Agent in immediately
available, same-day funds. Payments on Obligations may also be made by application of funds in the Collection Account or the Takeout Transaction Account as provided in Section 2.7(B) or 2.7(C), as
applicable. All computations of interest for Advances made under the Base Rate shall be made by the applicable Funding Agent on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed (including the first day but
excluding the last day) occurring in the period for which such interest is payable. All other computations of fees and interest provided hereunder shall be made on the basis of a 360-day year and actual days
elapsed 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -16- 

 
(including the first day but excluding the last day) occurring in the period for which such interest is payable. Each determination by a Funding Agent of an interest rate hereunder shall be
conclusive and binding for all purposes, absent manifest error. 
 (B)    All payments to be made in respect of fees, if
any, due to the Administrative Agent from the Borrower hereunder shall be made on the date when due without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by the Borrower, and without setoff,
counterclaim or other deduction of any nature (other than with respect to Taxes pursuant to Section 2.17), and an action therefor shall immediately accrue. The Borrower agrees that, to the extent there are insufficient funds in the
Administrative Agent’s Account, to make any payment under this clause (B) when due, the Borrower shall immediately pay to the Administrative Agent all amounts due that remain unpaid. 

Section 2.14    Payment on Non-Business Days.
Whenever any payment hereunder or under the Advances shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the
computation of payment of interest. 
 Section 2.15     [Reserved]. 

Section 2.16    Extension of the Scheduled Commitment Termination Date . No earlier
than ninety (90) days, and no later than sixty (60) days, prior to the then Scheduled Commitment Termination Date, the Borrower may deliver written notice to the Administrative Agent and each Funding Agent requesting an extension of such
Scheduled Commitment Termination Date. The Administrative Agent shall respond to such request no later than thirty (30) days following the date of its receipt of such request, indicating whether it is considering such request and preliminary
conditions precedent to any extension of the Scheduled Commitment Termination Date as the Administrative Agent determines to include in such response. The Administrative Agent’s failure to respond to a request delivered by the Borrower pursuant
to this Section 2.16 shall not be deemed to constitute any agreement by the Administrative Agent to any such extension. The granting of any extension of the Scheduled Commitment Termination Date requested by the Borrower shall be in the mutual
discretion of the Borrower and the Administrative Agent (on behalf of the Lenders with the consent of all Lender Groups). 

Section 2.17    Taxes. 

(A)    Defined Terms. For purposes of this Section 2.17 the term “applicable Law” includes FATCA.

 (B)    Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower under
any Transaction Document shall be made without deduction or withholding for any Taxes, except as required by applicable Law. If any applicable Law (as determined in the good faith discretion of an applicable withholding agent) requires the deduction
or withholding of any Tax from any such payment by a withholding agent, then the applicable withholding agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant
Governmental Authority in accordance with applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable
Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(C)    Payment of Other Taxes by the Borrower. The Borrower shall timely pay to the relevant Governmental Authority
in accordance with applicable Law, or at the option of a Funding Agent timely reimburse it for the payment of, any Other Taxes. 

(D)    Indemnification by the Borrower. The Borrower shall indemnify each Recipient, within ten days after demand
therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment
to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of
such payment or liability delivered to the Borrower by a Recipient (with a copy to each Funding Agent), or by a Funding Agent on its own behalf or on behalf of a Recipient, shall be conclusive absent manifest error. 

(E)    Indemnification by the Lenders. Each Non-Conduit Lender shall
severally indemnify each Funding Agent, within ten days after demand therefor, for (i) any Indemnified Taxes attributable to such Non-Conduit Lender (but only to the extent that the Borrower has not
already indemnified such Funding Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), and (ii) any Excluded Taxes attributable to such Non-Conduit Lender, in
each case, that are payable or paid by a Funding Agent in connection with any Transaction Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Non-Conduit Lender by its Funding Agent shall be conclusive absent manifest error. Each Non-Conduit Lender hereby authorizes its Funding Agent to set off and apply any and all amounts at any time owing to such Non-Conduit Lender under any Transaction Document or
otherwise payable by such Funding Agent to the Non-Conduit Lender from any other source against any amount due to such Funding Agent under this paragraph (E). 

(F)    Evidence of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental
Authority pursuant to this Section 2.17, the Borrower shall deliver to each Funding Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment
or other evidence of such payment reasonably satisfactory to such Funding Agent. 
 (G)    Status of Recipients.
(i) Any Recipient that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Transaction Document shall deliver to the Borrower, the Paying Agent and the related Funding Agent, at the time or
times reasonably requested by the Borrower, the Paying Agent or such Funding Agent, such properly completed and executed documentation reasonably requested by the Borrower, the Paying Agent or such Funding Agent as will permit such payments to be
made without withholding or at a reduced rate of withholding. In addition, any Recipient, if reasonably requested by the Borrower, 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -18- 

 
the Paying Agent or the related Funding Agent, shall deliver such other documentation prescribed by applicable Law or reasonably requested by the Borrower, the Paying Agent or such Funding Agent
as will enable the Borrower, the Paying Agent or such Funding Agent to determine whether or not such Recipient is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two
sentences, the completion, execution and submission of such documentation (other than such documentation set forth in clauses (ii)(a), (ii)(b) and (ii)(d) below) shall not be required if in the Recipient’s reasonable judgment such completion,
execution or submission would subject such Recipient to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Recipient. 

(ii)    Without limiting the generality of the foregoing, 

(a)    any Recipient that is a U.S. Person shall deliver to the Borrower, the Paying Agent and the related
Funding Agent on or prior to the date on which such Recipient becomes a Recipient under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower, the Paying Agent or such Funding Agent), executed originals of
Internal Revenue Service Form W-9 certifying that such Recipient is exempt from U.S. federal backup withholding tax; 

(b)    any Recipient that is not a U.S. Person shall, to the extent it is legally entitled to do so,
deliver to the Borrower, the Paying Agent and the related Funding Agent (in such number of copies as shall be requested by the Borrower, the Paying Agent or such Funding Agent) on or prior to the date on which such Recipient becomes a Recipient
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower, the Paying Agent or such Funding Agent), whichever of the following is applicable: 

(1)    in the case of a Recipient claiming the benefits of an income tax treaty to which the United States
is a party (x) with respect to payments of interest under any Transaction Document, executed originals of Internal Revenue Service Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable
payments under any Transaction Document, Internal Revenue Service Form W-8BEN or W-8BEN-E establishing an exemption from, or
reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(2)    executed copies of Internal Revenue Service Form W-8ECI;

 (3)    in the case of a Recipient claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Internal Revenue Code, (x) a certificate to the effect that such Recipient is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent
shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled foreign 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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corporation” described in Section 881(c)(3)(C) of the Internal Revenue Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of Internal Revenue
Service Form W-8BEN or W-8BEN-E; or 

(4)    to the extent a Recipient is not the beneficial owner, executed originals of Internal Revenue
Service Form W-8IMY, accompanied by Internal Revenue Service Form W-8ECI, Internal Revenue Service Form W-8BEN or W-8BEN-E, a U.S. Tax Compliance Certificate, Internal Revenue Service Form W-9, and/or other certification documents from each
beneficial owner, as applicable; provided that if the Recipient is a partnership and one or more direct or indirect partners of such Recipient are claiming the portfolio interest exemption, such Recipient may provide a U.S. Tax Compliance
Certificate on behalf of each such direct and indirect partner; 
 (c)    any Recipient which is not a
U.S. Person shall, to the extent it is legally entitled to do so, deliver to the Borrower, the Paying Agent and the related Funding Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such
Recipient becomes a Recipient under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower, the Paying Agent or such Funding Agent), executed originals of any other form prescribed by applicable Law as a basis
for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable Law to permit the Borrower, the Paying Agent or such Funding Agent to
determine the withholding or deduction required to be made; and 
 (d)    if a payment made to a
Recipient under any Transaction Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Recipient were to fail to comply with the applicable reporting requirements of FATCA (including those contained in
Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Recipient shall deliver to the Borrower, the Paying Agent and the related Funding Agent at the time or times prescribed by Law and at such time or times reasonably
requested by the Borrower, the Paying Agent or such Funding Agent such documentation prescribed by applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably
requested by the Borrower, the Paying Agent or such Funding Agent as may be necessary for the Borrower, the Paying Agent and such Funding Agent to comply with their obligations under FATCA and to determine that such Recipient has complied with such
Recipient’s obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this clause (d), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement. 
 Each Recipient agrees that if any form or certification it previously delivered expires or becomes obsolete or
inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower, the Paying Agent and the related Funding Agent in writing of its legal inability to do so. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -20- 

 (H)    Forms for Paying Agent. The Administrative Agent and each
Funding Agent shall deliver to the Paying Agent on or before the first Payment Date, executed originals of Internal Revenue Service Form W-9 or W-8, as applicable,
certifying that the Administrative Agent or such Funding Agent is exempt from U.S. federal backup withholding tax. 

(I)    Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that
it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.17 (including by the payment of additional amounts pursuant to this Section 2.17), it shall pay to the indemnifying party an amount equal
to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket
expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall
repay to such indemnified party the amount paid over pursuant to this paragraph (I) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such
refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (I), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (I) the payment of
which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not
been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax
returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

(J)    Survival. Each party’s obligations under this Section 2.17 shall survive the resignation or
replacement of a Funding Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Transaction Document. 

Section 2.18    Request for Borrowing Exceeding Aggregate Commitment. 

(A)    Notice. The Borrower may, from time to time during the Availability Period, prior to the issuance of a Notice
of Borrowing, send a written notice to the Administrative Agent (who shall promptly forward the same to each Lender Group) setting forth the Borrower’s intent to request a borrowing that will cause the Aggregate Outstanding Advances to exceed
the Aggregate Commitment (but not the Maximum Facility Amount) then in effect. Such notice shall be sent no later than five (5) Business Days prior to the date on which the Borrower intends to send the related Notice of Borrowing and shall set
forth the amount by which the sum of the Aggregate Outstanding Advances (after giving effect to such borrowing) will exceed the Aggregate Commitment and the related Funding Date. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -21- 

 (B)    Approval/Disapproval. Upon receipt of the notice described
in Section 2.18(A) by the Administrative Agent, the Administrative Agent shall, no later than five (5) Business Days after receipt thereof, obtain the written approval or disapproval of each
Non-Conduit Lender regarding the requested Advances, which approval shall be granted or not granted in the sole discretion of the Non-Conduit Lenders. If the making of
the requested Advances is approved, the Borrower shall, in accordance with procedures set forth in Section 2.4, send the related Notice of Borrowing. Any approved Advances to be made by the Lenders in the related Lender Group shall be funded
within such Lender Group pursuant to any allocation as agreed to by all of the members of such Lender Group. If the making of the requested Advances is not approved, then the Borrower shall, prior to sending its Notice of Borrowing, modify the same
in a manner sufficient to ensure that the requested borrowing does not cause the Aggregate Outstanding Advances to exceed the Aggregate Commitment then in effect, as applicable. 

(C)    Commitment. For the avoidance of doubt, if the making of an Advance by a Lender Group that would cause the
Aggregate Outstanding Advances to exceed the Aggregate Commitment, as applicable, is approved, each Non-Conduit Lender’s Commitment shall be increased solely to the extent such Non-Conduit Lender approved the Advance. Each Non-Conduit Lender’s Commitment shall otherwise remain as set forth on Exhibit E unless increased and/or reduced from
time to time in accordance with Section 2.6 or amended in connection with assignments made by a Non-Conduit Lender pursuant to Section 10.8. Moreover, the Borrower must go through the procedures
described in Sections 2.18(A) and (B) each time a request for an Advance is made which would cause the sum of all outstanding Advances to exceed the Aggregate Commitment, as applicable. 

(D)    Nothing set forth in this Section 2.18 requires a Conduit Lender to make any Advance; provided,
however, a Conduit Lender may, in its sole discretion, make the Advance requested pursuant to this Section 2.18 for its Lender Group. Any Advance approved pursuant to this Section 2.18 shall be made pursuant to and in accordance
with Sections 2.2 and 2.4. 
 ARTICLE III 

CONDITIONS OF LENDING AND CLOSING 

Section 3.1    Conditions Precedent to Closing. The following conditions shall be
satisfied on or before the Closing Date: 
 (A)    Closing Documents. Administrative Agent shall have received
each of the following documents, in form and substance satisfactory to Administrative Agent, duly executed, and each such document shall be in full force and effect, and all consents, waivers and approvals necessary for the consummation of the
transactions contemplated thereby shall have been obtained: 
  

	 	(i)	 this Agreement; 

  

	 	(ii)	 a Loan Note for each Lender Group that has requested the same; 

 

	 	(iii)	 the Security Agreement; 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -22- 

	 	(iv)	 the Pledge Agreement; 

 

	 	(v)	 the Subsidiary Guaranty; 

 

	 	(vi)	 the Facility Administration Agreement; 

 

	 	(vii)	 the Verification Agent Agreement; 

 

	 	(viii)	 the Parent Guaranty; 

 

	 	(ix)	 the Tax Equity Investor Consents; 

 

	 	(x)	 each Fee Letter; 

  

	 	(xi)	 the Verification Agent Fee Letter; and 

 

	 	(xii)	 the Paying Agent Fee Letter. 

(B)    Secretary’s Certificates. Administrative Agent shall have received: (i) a certificate from the
Assistant Secretary of the Verification Agent, and the Paying Agent, ii) a certificate from the Secretary of each of the Parent, the Facility Administrator, the Managing Member, SAP II and the Borrower (a) attesting to the resolutions of such
Person’s members, managers or other governing body authorizing its execution, delivery, and performance of this Agreement and the other Transaction Documents to which it is a party, (b) authorizing specific Responsible Officers for such
Person to execute the same, and (c) attesting to the incumbency and signatures of such specific Responsible Officers; copies of governing documents, as amended, modified, or supplemented prior to the Closing Date of each of the Parent, the
Facility Administrator, the Managing Member, SAP II and the Borrower, in each case certified by a Responsible Officer of such Person; and (iv) a certificate of status with respect to each of the Parent, the Facility Administrator, the Managing
Member, SAP II and the Borrower, dated within fifteen (15) days of the Closing Date, such certificate to be issued by the appropriate officer of the jurisdiction of organization of such entity, which certificate shall indicate that such entity
is in good standing in such jurisdiction. 
 (C)    Legal Opinions. Administrative Agent shall have received
customary opinions from (i) counsel (which may be in-house counsel) to Paying Agent and Verification Agent addressing authorization and enforceability of the Transaction Documents and other corporate
matters and (ii) counsel to the Parent, the Facility Administrator, the Managing Member, SAP II and the Borrower addressing (a) authorization and enforceability of the Transaction Documents and other corporate matters, (b) security
interest and UCC matters and (c) substantive consolidation matters. 
 (D)    No Material Adverse Effect.
Since June 30, 2018 there has been no Material Adverse Effect. 
 (E)    Know Your Customer Information. The
Administrative Agent and the Paying Agent shall have received all documentation and other information required by regulatory authorities under applicable “Know Your Customer” and anti-money laundering rules and regulations, including the
Patriot Act. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -23- 

 (F)    Payment of Fees. The Borrower shall have paid all fees
previously agreed in writing to be paid on or prior to the Closing Date. 
 (G)    Evidence of Insurance. The
Administrative Agent shall have received certification evidencing coverage under the insurance policies referred to in Section 5.1(L). 

(H)    [Reserved]. 

(I)    [Reserved]. 

(J)    Taxes. The Administrative Agent shall have received a certificate from the Borrower that all sales, use and
property taxes, and any other taxes in connection with any period prior to the Closing Date, that are due and owing with respect to each Solar Asset have been paid or provided for by the Parent. 

(K)    Closing Date Certificate of the Borrower. Administrative Agent shall have received a certificate of a
Responsible Officer of the Borrower (in his or her capacity as such) in form satisfactory to Administrative Agent certifying that its representations and warranties set forth in the Transaction Documents to which it is a party are true and correct
in all material respects as of the Closing Date (except to the extent such representations and warranties expressly relate to any earlier date, in which case such representations and warranties shall be true and correct in all material respects as
of such earlier date). 
 (L)    UCC Search Results. Administrative Agent shall have received the results of a
recent search of all effective UCC financing statements (or equivalent filings) made with respect to the Borrower, SAP II, the Managing Member and the Financing Funds in all appropriate jurisdictions together with copies of all such filings
disclosed by such search. 
 (M)    UCC Financing Statements. The Borrower shall have duly filed proper financing
statements (or the equivalent thereof in any applicable foreign jurisdiction, as applicable), on or before the Closing Date, under the UCC with the Delaware Secretary of State and any other applicable filing office in any applicable jurisdiction
that the Administrative Agent deems necessary or desirable in order to perfect the Administrative Agent’s interests in the Collateral. The Borrower shall have filed proper financing statement amendments (or the equivalent thereof in any
applicable foreign jurisdiction, as applicable), if any, necessary to release all security interests and other rights of any Person in the Collateral previously granted by the Borrower or any of its affiliates; 

(N)    Accounts. The Administrative Agent shall have received evidence reasonably satisfactory to it that the
Collection Account, the Supplemental Reserve Account, the Liquidity Reserve Account, the SAP II Revenue Account, the Takeout Transaction Account and the Borrower’s Account have been established. 

(O)    Tax Equity Fund Due Diligence. The Administrative Agent shall be satisfied with the results of any due
diligence of the Financing Funds, the SAP II Financing Documents, the Tax Equity Financing Documents and the transactions contemplated by the SAP II Financing Documents and Tax Equity Financing Documents, in its sole discretion. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -24- 

 Section 3.2    Conditions Precedent to All
Advances. (A) Except as otherwise expressly provided below, the obligation of each Non-Conduit Lender to make or participate in each Advance (including the initial Advances made on the Closing Date)
shall be subject, at the time thereof, to the satisfaction of the following conditions: 

(i)    Funding Documents. The Administrative Agent shall have received, no later than two
(2) Business Days prior to the Funding Date, a completed Notice of Borrowing and a Borrowing Base Certificate, each in form and substance satisfactory to the Administrative Agent. 

(ii)    Solar Assets. All conditions to the acquisition of Solar Assets by the respective Financing
Fund under the applicable Tax Equity Financing Documents or SAP II under the applicable SAP II Financing Documents or SAP II NTP Financing Documents have been satisfied. 

(iii)    Representations and Warranties. All of the representations and warranties of the Borrower,
the Parent and the initial Facility Administrator contained in this Agreement or any other Transaction Document that relate to the eligibility of the Solar Assets shall be true and correct as of the Funding Date and all other representations and
warranties of the Borrower, the Parent and the initial Facility Administrator contained in this Agreement or any other Transaction Document shall be true and correct in all material respects (except for those representations and warranties that are
qualified by materiality, in which case such representations and warranties shall be true and correct in all respects) as of the Funding Date (or such earlier date or period specifically stated in such representation or warranty). 

(iv)    No Defaults; Solvency. The Administrative Agent shall have received a certification that no
Amortization Event, Event of Default, Potential Amortization Event or Potential Default has occurred and is continuing or would result from any borrowing of any Advance or from the application of the proceeds therefrom and after giving effect to
such Advance or from the application of the proceeds therefrom, the Borrower will be Solvent. 

(v)    Verification Agent Certificate. The Administrative Agent shall have received the A-1 Verification Agent Certification (or, in respect of the initial Advance, the Closing Date Verification Agent Certification) in respect of the Solar Assets from the Verification Agent pursuant to the Verification
Agent Agreement. 
 (vi)    Hedge Requirements. The Borrower shall be in compliance with all
applicable Hedge Requirements. 
 (vii)    Liquidity Reserve. The amount on deposit in the
Liquidity Reserve Account shall not be less than the Liquidity Reserve Account Required Balance, taking into account the application of the proceeds of the Advances on the Funding Date. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -25- 

 (viii)    Aggregate Commitment/No Borrowing Base
Deficiency. After giving effect to such Advance, the Aggregate Outstanding Advances shall not exceed the Aggregate Commitment in effect as of such Funding Date unless the Borrower shall have, pursuant to the procedures set forth in
Section 2.18, received the written approval of the Non-Conduit Lenders with respect to such Advance, such approval to be granted by each Non-Conduit Lender in its
sole discretion. After giving effect to such Advance, there should not exist a Class A Borrowing Base Deficiency or a Class B Borrowing Base Deficiency. 

(ix)    Availability Period. The Commitment Termination Date shall not have occurred, nor shall it
occur as a result of making such Advance, nor has the Availability Period ended. 
 (x)    Other
Documents. The Borrower shall have provided the Administrative Agent with all documents reasonably requested by the Administrative Agent related to the Solar Assets being financed by the Borrower (indirectly through its ownership of the Solar
Asset Owner Member Interests) on such Funding Date. 
 (xi)    Transfer of SAP II Solar Assets.
Solely with respect to the acquisition by the Borrower and/or SAP II of Solar Assets after the Restatement Date and any Advance related thereto, the Administrative Agent shall have received (i) executed SAP II NTP Financing Documents,
(ii) customary opinions of counsel to the parties to the SAP II NTP Financing Documents addressing authorization and enforceability of the SAP II NTP Financing Documents and other corporate matters and (iii) customary opinions of
counsel to the parties to the SAP II NTP Financing Documents addressing true sale matters regarding the transfer of SAP II Solar Assets to the Borrower and/or SAP II, in the case of clauses (i) – (iii) case in form and substance
reasonably acceptable to the Administrative Agent. 
 (xii)    Legal Opinions. Solely with respect
to the initial Advance after the Restatement Date, the Administrative Agent shall have received customary opinions from counsel to the Parent, TEP II Developer, the Facility Administrator, the Managing Member, SAP II and the Borrower addressing
(a) authorization and enforceability of this Agreement and other corporate matters, (b) security interest and UCC matters and (c) substantive consolidation matters 

(B)    Each Notice of Borrowing submitted by the Borrower after the Closing Date shall be deemed to be a representation
and warranty that the conditions specified in this Section 3.2 have been satisfied on and as of the date of the applicable Notice of Borrowing. 

Section 3.3    Conditions Precedent to Restatement Date. The following conditions shall
be satisfied on or before the Restatement Date: 
 (A)    Closing Documents. The Administrative Agent shall have
received each of the following documents, in form and substance satisfactory to the Administrative Agent, duly executed, and each such document shall be in full force and effect, and all consents, waivers and approvals necessary for the consummation
of the transactions contemplated thereby shall have been obtained: 
 (i)    this Agreement; 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (ii)    a Loan Note for each Lender Group that has
requested the same; 
 (iii)    First Amendment to Parent Guaranty and First Amendment to Facility
Administration Agreement; 
 (iv)    an Amended and Restated Fee Letter amending and restating the Fee
Letter referred to in clause (i) of the definition thereof; and 
 (v)    an Amended and Restated
Fee Letter amending and restating the Fee Letter referred to in clause (ii) of the definition thereof and delivered on the Closing Date. 

(B)    Secretary’s Certificates. The Administrative Agent shall have received: (i) a certificate from the
Secretary of each of the Parent, TEP II Developer, the Facility Administrator, the Managing Member, SAP II and the Borrower (a) attesting to the resolutions of such Person’s members, managers or other governing body authorizing its
execution, delivery, and performance of this Agreement and the transactions contemplated hereby to which it is a party, (b) authorizing specific Responsible Officers for such Person to execute the same, and (c) attesting to the incumbency
and signatures of such specific Responsible Officers; (ii) copies of governing documents, as amended, modified, or supplemented on or prior to the Restatement Date, of each of the Parent, TEP II Developer, the Facility Administrator, the
Managing Member, SAP II and the Borrower, in each case certified by a Responsible Officer of such Person; and (iii) a certificate of status with respect to each of the Parent, TEP II Developer, the Facility Administrator, the Managing Member,
SAP II and the Borrower, dated within fifteen (15) days of the Restatement Date, such certificate to be issued by the appropriate officer of the jurisdiction of organization of such entity, which certificate shall indicate that such entity is
in good standing in such jurisdiction. 
 (C)    [Reserved]. 

(D)    No Material Adverse Effect. Since December 31, 2018, there has been no Material Adverse Effect. 

(E)    Know Your Customer Information. The Administrative Agent and the Paying Agent shall have received all
documentation and other information required by regulatory authorities under applicable “Know Your Customer” and anti-money laundering rules and regulations, including the Patriot Act. 

(F)    Payment of Fees. The Borrower shall have paid all fees previously agreed in writing to be paid on or prior
to the Closing Date and all fees and expenses of the Administrative Agent, the Lenders and counsel to the Administrative Agent and the Lenders incurred prior to or in connection with this Agreement. 

(G)    Evidence of Insurance. The Administrative Agent shall have received certification evidencing coverage under
the insurance policies referred to in Section 5.1(L). 
 (H)    Taxes. The Administrative Agent shall have
received a certificate from the Borrower that all sales, use and property taxes, and any other taxes in connection with any period prior to the Restatement Date, that are due and owing with respect to each Solar Asset have been paid or provided for
by the Parent. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (I)    Restatement Date Certificate of the Borrower. The
Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower (in his or her capacity as such) in form satisfactory to the Administrative Agent certifying that its representations and warranties set forth in the
Transaction Documents to which it is a party are true and correct in all material respects as of the Restatement Date (except to the extent such representations and warranties expressly relate to any earlier date, in which case such representations
and warranties shall be true and correct in all material respects as of such earlier date). 
 (J)    UCC Search
Results. The Administrative Agent shall have received the results of a recent search of all effective UCC financing statements (or equivalent filings) made with respect to the Parent, TEP II Developer, Sunnova Management, the Borrower, SAP II,
the Managing Member and the Financing Funds in all appropriate jurisdictions together with copies of all such filings disclosed by such search. 

(K)    UCC Financing Statements. The Borrower shall have duly filed proper financing statements (or the equivalent
thereof in any applicable foreign jurisdiction, as applicable), on or before the Restatement Date, under the UCC with the Delaware Secretary of State and any other applicable filing office in any applicable jurisdiction that the Administrative Agent
deems necessary or desirable in order to perfect the Administrative Agent’s interests in the Collateral. The Borrower shall have filed proper financing statement amendments (or the equivalent thereof in any applicable foreign jurisdiction, as
applicable), if any, necessary to release all security interests and other rights of any Person in the Collateral previously granted by the Borrower or any of its affiliates; 

(L)    Tax Equity Fund Due Diligence. The Administrative Agent shall be satisfied with the results of any due
diligence of the Financing Funds, the SAP II Financing Documents, the SAP II NTP Financing Documents, the Tax Equity Financing Documents and the transactions contemplated by the SAP II Financing Documents, the SAP II NTP Financing Documents and Tax
Equity Financing Documents, in its sole discretion. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Section 4.1    Representations and Warranties of the Borrower. The Borrower represents
and warrants to the Administrative Agent and each Lender as of the Closing Date, as of the Restatement Date, as of each Funding Date, and with respect to paragraphs (A), (B), (F), (G), (I), (K), and (L) through (S) as of each Payment Date, as
follows: 
 (A)    Organization; Corporate Powers. Each Relevant Party (i) is a duly organized and validly
existing limited liability company, in good standing under the laws of the State of Delaware, (ii) has the limited liability company power and authority to own its property and assets and to transact the business in which it is engaged and
presently proposes to engage, and (iii) is duly qualified and is authorized to do business in all jurisdictions where it is required to be so qualified or authorized. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -28- 

 (B)    Authority and Enforceability. Each Relevant Party has the
limited liability company or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Transaction Documents to which it is party and has taken all necessary company or other organizational action to
authorize the execution, delivery and performance of the Transaction Documents to which it is party. Each Relevant Party has duly executed and delivered each Transaction Document to which it is party and each Transaction Document to which it is
party constitutes the legal, valid and binding agreement and obligation of the respective Relevant Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law). 

(C)    Government Approvals. No order, consent, authorization, approval, license, or validation of, or filing
recording, registration with, or exemption by, any Governmental Authority is required to authorize or is required as a condition to: (i) the execution, delivery and performance by a Relevant Party of any Transaction Document to which it is a
party or any of its obligations thereunder or (ii) the legality, validity, binding effect or enforceability of any Transaction Document to which such Relevant Party is a party. 

(D)    Litigation. There are no material actions, suits or proceedings, pending or threatened in writing with
respect to any Relevant Party. 
 (E)    Applicable Law, Contractual Obligations and Organizational Documents.
Neither the execution, delivery and performance by any Relevant Party of the Transaction Documents to which it is party nor compliance with the terms and provisions thereof (i) will contravene any provision of any law, statute, rule,
regulation, order, writ, injunction or decree of any Governmental Authority applicable to such Relevant Party or its properties and assets, (ii) will conflict with or result in any breach of, any of the terms, covenants, conditions or
provisions of, or constitute a default under or result in the creation or imposition of (or the obligation to create or impose) any Lien (other than the Liens created pursuant to the Security Agreement, the Pledge Agreement or Permitted Liens) upon
any of the property or assets of the Borrower pursuant to the terms of any contract, or (iii) will breach any provision of the certificate of formation or the operating agreement of such Relevant Party and will, for each of subsection (i), (ii)
and (iii), result in a Material Adverse Effect. 
 (F)    Use of Proceeds. Proceeds of the Class A Advances
and the Class B Advances have been used only as permitted under Section 2.3. No part of the proceeds of the Class A Advances or the Class B Advances will be used directly or indirectly to purchase or carry Margin Stock, or to
extend credit to others for the purpose of purchasing or carrying any Margin Stock, in violation of any of the provisions of Regulations T, U or X of the Board of Governors of the Federal Reserve System. The Borrower is not engaged in the business
of extending credit for the purpose of purchasing or carrying any Margin Stock. At no time would more than 25% of the value of the assets of the Borrower that are subject to any “arrangement” (as such term is used in Section 221.2(g)
of such Regulation U) hereunder be represented by Margin Stock. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (G)    Accounts. The names and addresses of the Collection
Account, the Supplemental Reserve Account, the Liquidity Reserve Account, the SAP II Revenue Account, the Takeout Transaction Account and the Borrower’s Account are specified on Schedule II attached hereto, as updated pursuant to
Section 5.1(Q). Other than accounts on Schedule II attached hereto, the Borrower does not have any other accounts. The Borrower has directed, or has caused to be directed (i) each Financing Fund, the Managing Member and SAP II to
make all payments in respect of the Managing Member Distributions and the SAP II Distributions, as applicable, to the Collection Account and (ii) related Hedged SREC Payments related to the Solar Assets and received by the Borrower to the
Collection Account and, to the extent any Hedged SREC Payments are deposited by the relevant obligor in another account, has caused such payments to be deposited into the Collection Account no later than two (2) Business Days after receipt.

 (H)    ERISA. None of the assets of the Borrower are or, prior to the repayment of all Obligations, will be
subject to Title I of ERISA, Section 4975 of the Internal Revenue Code, or, by reason of any investment in the Borrower by any governmental plan, as the case may be, any other federal, state, or local provision similar to Section 406 of
ERISA or Section 4975 of the Internal Revenue Code. Neither the Borrower nor any of its ERISA Affiliates has maintained, participated or had any liability in respect to any Plan during the past six (6) years which could reasonably be
expected to subject the Borrower or any of its ERISA Affiliates to any tax, penalty or other liabilities. No ERISA Event has occurred or is reasonably likely to occur. With respect to any Plan which is a Multi-Employer Plan, no such Multi-Employer
Plan is, or to the knowledge of the Relevant Parties reasonably like to occur, in reorganization or insolvent as defined in Title IV of ERISA Borrower and the Lenders, take any. 

(I)    Taxes. Each Relevant Party has timely filed (or had filed on its behalf) all federal state, provincial,
territorial, foreign and other Tax returns and reports required to be filed under applicable law, and has timely paid (or had paid on its behalf) all federal state, foreign and other Taxes levied or imposed upon it or its properties, income or
assets otherwise due and payable, except those which are being contested in good faith by appropriate actions diligently conducted and for which adequate reserves have been provided in accordance with GAAP. No Lien or similar adverse claim has been
filed, and no claim is being asserted, with respect to any such Tax due from any Relevant Party or with respect to any Solar Assets. Any Taxes due and payable by any Relevant Party or its predecessors in interest in connection with the execution and
delivery of this Agreement and the other Transaction Documents and the transfers and transactions contemplated hereby or thereby have been paid or shall have been paid if and when due. Except to the extent provided in the Tax Equity Financing
Documents, no Relevant Party is liable for Taxes payable by any other Person. 
 (J)    Material Agreements. The
Borrower has not defaulted under the Transaction Documents, any similar agreements entered into in connection with a Takeout Transaction or any other material agreement to which the Borrower is a party and to the Borrower’s knowledge, there is
no breach or default by a counterparty to such Transaction Documents, similar agreements entered into in connection with the Takeout Transaction or any other material agreement to which the Borrower is a party. 

(K)    Accuracy of Information. The written information (other than financial projections, forward looking
statements, and information of a general economic or industry specific nature) 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -30- 

 
that has been made available to the Paying Agent, the Verification Agent, the Administrative Agent or any Lender by or on behalf of the Borrower or any Affiliate thereof in connection with the
transactions hereunder including any written statement or certificate of factual information, when taken as a whole, does not, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary in order to
make the statements contained therein not materially misleading in the light of the circumstances under which such statements are made (giving effect to all supplements and updates thereto). 

(L)    No Material Adverse Effect. Since the date of delivery of the latest audited financial statements for a
fiscal year of the Parent pursuant to Section 5.1(A)(i), there has been no Material Adverse Effect. 

(M)    Investment Company Act. No Relevant Party is an “investment company” or an “affiliated
person” of or “promoter” or “principal underwriter” for an “investment company” as such terms are defined in the 1940 Act, nor is any Relevant Party otherwise subject to regulation thereunder and no Relevant Party
relies solely on the exemption from the definition of “investment company” in Section 3(c)(1) and/or 3(c)(7) of the 1940 Act (although such exemptions may be available). 

(N)    Covered Fund. No Relevant Party is a “covered fund” under Section 13 of the Bank Holding
Company Act of 1956, as amended 
 (O)    Properties; Security Interest. The Borrower has good title to all of
its properties and assets necessary in the ordinary conduct of its business, free and clear of Liens other than Permitted Liens and Permitted Equity Liens. Once executed and delivered, the Security Agreement and the Pledge Agreement create, as
security for the Obligations, a valid and enforceable and (coupled with this Agreement and the taking of all actions required thereunder and under the Security Agreement and the Pledge Agreement for perfection) perfected security interest in and
Lien on all of the Collateral, in favor of the Administrative Agent, for the benefit of the Secured Parties, superior to and prior to the rights of all third persons and subject to no other Liens, except for Permitted Liens. 

(P)    Subsidiaries. The Borrower does not have, and shall not have, any Subsidiaries (other than the Managing
Member and SAP II), and does not and shall not otherwise own or hold, directly or indirectly, any Capital Stock of any other Person (other than in the case of Capital Stock of the Managing Member and SAP II). 

(Q)    [Reserved]. 

(R)    [Reserved]. 

(S)    OFAC and Patriot Act. Neither any Relevant Party nor, to the knowledge of any Relevant Party, any of its
officers, directors or employees appears on the Specially Designated Nationals and Blocked Persons List published by the Office of Foreign Assets Control (“OFAC”) or is otherwise a person with which any U.S. person is prohibited
from dealing under the laws of the United States, unless authorized by OFAC. No Relevant Party conducts business or completes transactions with the governments of, or persons within, any country under economic sanctions administered and enforced by
OFAC. No Relevant Party will directly or indirectly use the 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -31- 

 
proceeds from this Agreement, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person to fund any activities of or business with any
person that, at the time of such funding, is the subject of economic sanctions administered or enforced by OFAC, or is in any country or territory that, at the time of such funding or facilitation, is the subject of economic sanctions administered
or enforced by OFAC. No Relevant Party is in violation of Executive Order No. 13224 or the Patriot Act. 

(T)    Foreign Corrupt Practices Act. Neither the Relevant Parties nor, to the knowledge of the Relevant Parties,
any of its directors, officers, agents or employees, has used any of the proceeds of any Advance (i) for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity, (ii) to make any direct or
indirect unlawful payment to any government official or employee from corporate funds, (iii) to violate any provision of the U.S. Foreign Corrupt Practices Act of 1977 or similar law of a jurisdiction in which a Relevant Party conducts its
business and to which they are lawfully subject, or (iv) to make any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment. 

(U)    Eligibility. Each Solar Asset listed on the Schedule of Solar Assets most recently delivered to the
Administrative Agent was an Eligible Solar Asset as of such date of delivery of such Schedule of Solar Assets. 
 ARTICLE V 

COVENANTS 

Section 5.1    Affirmative Covenants. The Borrower covenants and agrees that, until all
Obligations (other than contingent obligations not then due) hereunder have been paid in full and the Commitments have been terminated: 

(A)    Reporting Requirements. The Borrower will furnish to the Administrative Agent for delivery to each Lender
and, in the case of subclause (v)(a) below and the Paying Agent: 
 (i)    within (a) one hundred
eighty (180) days after the close of each fiscal year of Parent (beginning with the fiscal year ending December 31, 2018), the unqualified audited financial statements for such fiscal year that include the consolidated balance sheet of
Parent and its consolidated subsidiaries as of the end of such fiscal year, the related consolidated statements of income, of stockholders’ equity and of cash flows for such fiscal year, in each case, setting forth comparative figures for the
preceding fiscal year, and, beginning with the fiscal year ending December 31, 2018, the assets and liabilities of the Borrower as of the end of such fiscal year presented in a note or schedule to such financial statements of Parent, and in
each case prepared in accordance with GAAP and audited by a Nationally Recognized Accounting Firm selected by Parent and (b) sixty (60) days after the end of each of its fiscal quarters, the unaudited consolidated balance sheets and income
statements for such fiscal quarter on a year-to-date basis for Parent and its consolidated subsidiaries; 

(ii)    if, at any time, Sunnova Management is the Facility Administrator, but is not a subsidiary of
Parent, within (a) 180 days after the end of each of its fiscal years 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -32- 

 
(beginning with the fiscal year ending December 31, 2018), a copy of the unqualified audited consolidated financial statements for such year for Sunnova Management, containing financial
statements for such year prepared by a Nationally Recognized Accounting Firm selected by Sunnova Management and (b) sixty (60) days after the end of each of its fiscal quarters, the unaudited consolidated balance sheets and income statements
for such fiscal quarter on a year-to-date basis for Sunnova Management; 

(iii)    at any time that Sunnova Management is the Facility Administrator, within one hundred eighty
(180) days after the end of each of its fiscal years (beginning with the fiscal year ending December 31, 2018), a report to the Administrative Agent prepared by a Qualified Service Provider (as defined in the Facility Administration
Agreement) containing such firm’s conclusions with respect to an examination of certain information relating to Sunnova Management’s compliance with its obligations under the Transaction Documents (including, without limitation, such
firm’s conclusions with respect to an examination of the calculations of amounts set forth in certain of Sunnova Management’s reports delivered hereunder and pursuant to the Facility Administration Agreement during the prior calendar year
and Sunnova Management’s source records for such amounts), in form and substance satisfactory to the Administrative Agent; 

(iv)    as soon as possible, and in any event within five (5) Business Days, after the Borrower or any
of their ERISA Affiliates knows or has reason to know that an ERISA Event has occurred, deliver to the Lenders a certificate of a responsible officer of the Borrower setting forth the details of such ERISA Event, the action that the Borrower or the
ERISA Affiliate proposes to take with respect thereto, and, when known, any action taken or threatened by the Internal Revenue Service, Department of Labor or the Pension Benefit Guaranty Corporation; 

(v)     (a) promptly, and in any event within five (5) Business Days, after a Responsible Officer of
any of the Borrower, the Facility Administrator (if it is an Affiliate of the Borrower) or the Parent obtains knowledge thereof, notice of the occurrence of any event that constitutes an Event of Default, a Potential Default, an Amortization Event
or a Potential Amortization Event, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower propose to take with respect thereto and (b) promptly, and in any event within five (5) Business
Days after a Responsible Officer of any of the Borrower, the Facility Administrator (if it is an Affiliate of the Borrower) or the Parent obtains knowledge thereof, notice of any other development concerning any litigation, governmental or
regulatory proceeding (including environmental law) or labor matter (including ERISA Event) pending or threatened in writing against the Borrower; 

(vi)    promptly, and in any event within five (5) Business Days after a Responsible Officer of any of
the Borrower, the Facility Administrator (if it is an Affiliate of the Borrower) or the Parent obtains knowledge thereof, notice of the occurrence of any event that constitutes a default, an event of default or any event that would permit the
acceleration of any obligation under a Sunnova Credit Facility; and 
 (vii)    promptly, and in any
event within five (5) Business Days, after receipt thereof by any of the Borrower, the Facility Administrator, the Managing Member, the 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -33- 

 
Financing Funds, the Manager (if it is an Affiliate of the Borrower) or the Parent, copies of all material notices, requests, and other documents (excluding regular periodic reports) delivered or
received by the Managing Member, the Financing Funds, the Manager (if it is an Affiliate of the Borrower) or the Parent under or in connection with the Tax Equity Financing Documents, the SAP II Financing Documents or the SAP II NTP Financing
Documents; and 
 (viii)    promptly, and in any event within five (5) Business Days, after receipt
thereof by any of the Borrower, the Facility Administrator (if it is an Affiliate of the Borrower) or the Parent, copies of all notices and other documents delivered or received by the Borrower with respect to any material tax Liens on Solar Assets
(either individually or in the aggregate). 
 (B)    Solar Asset Reporting. The Borrower shall 

(i)    enforce the provisions of each Management Agreement and Servicing Agreement which require the
Manager to deliver any reports to a Financing Fund or SAP II; and 
 (ii)    enforce the provisions of
the Facility Administration Agreement which require the Facility Administrator to deliver any reports (including the Facility Administrator Report and any Borrowing Base Certificate setting forth detailed calculations of the Borrowing Base) to the
Administrative Agent, each Funding Agent and the Paying Agent; and 
 (iii)    within 20 Business Days of
the Closing Date, cause to be delivered to the Administrative Agent an A-1 Verification Agent Certification with respect to the Solar Assets relating to the initial Advance; and 

(iv)    on the Scheduled Commitment Termination Date, cause to be delivered to the Administrative Agent an A-2 Verification Agent Certification with respect to all Solar Assets included in the Borrowing Base. 

(C)    UCC Matters; Protection and Perfection of Security Interests. The Borrower agrees to notify the
Administrative Agent in writing of any change (i) in its legal name, (ii) in its identity or type of organization or corporate structure, or (iii) in the jurisdiction of its organization, in each case, within ten (10) days of
such change. The Borrower agrees that from time to time, at its sole cost and expense, it will promptly execute and deliver all further instruments and documents, and take all further action necessary or reasonably required by the Administrative
Agent (a) to perfect, protect or more fully evidence the Administrative Agent’s security interest in the Collateral, or (b) to enable the Administrative Agent to exercise or enforce any of its rights hereunder, under the Security
Agreement or under any other Transaction Document. Without limiting the Borrower’s obligation to do so, the Borrower hereby irrevocably authorizes the filing of such financing or continuation statements, or amendments thereto or assignments
thereof, and such other instruments or notices, as may be necessary or reasonably required by the Administrative Agent. The Borrower hereby authorizes the Administrative Agent to file one or more financing or continuation statements, and amendments
thereto and assignments thereof, 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -34- 

 
naming the Borrower as debtor, relative to all or any of the Collateral now existing or hereafter arising without the signature of the Borrower where permitted by law. A carbon, photographic or
other reproduction of the Security Agreement or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement. 

(D)    Access to Certain Documentation and Information Regarding the Solar Assets. The Borrower shall permit (and,
as applicable, shall cause the Facility Administrator, the Managing Member, SAP II and the Verification Agent to permit) the Administrative Agent (and, as applicable, the Verification Agent) or its duly authorized representatives or independent
contractors, upon reasonable advance notice to the Borrower (and, as applicable, the Facility Administrator, the Managing Member, SAP II and the Verification Agent), (i) access to documentation that the Borrower, the Facility Administrator, the
Managing Member, SAP II or the Verification Agent, as applicable, may possess regarding the Solar Assets, (ii) to visit the Borrower, the Facility Administrator, the Managing Member, SAP II or the Verification Agent, as applicable, and to
discuss their respective affairs, finances and accounts (as they relate to their respective obligations under this Agreement and the other Transaction Documents) with the Borrower, the Facility Administrator, the Managing Member, SAP II or the
Verification Agent, as applicable, their respective officers, and independent accountants (subject to such accountants’ customary policies and procedures), and (iii) to examine the books of account and records of the Borrower, the
Verification Agent, the Facility Administrator, the Managing Member, or SAP II, as applicable as they relate to the Solar Assets, to make copies thereof or extracts therefrom, in each case, at such reasonable times and during regular business hours
of the Borrower, the Verification Agent, the Facility Administrator, the Managing Member, or SAP II as applicable; provided that, upon the existence of an Event of Default, the Class B Lenders shall have the same rights of access,
inspection and examination as the Administrative Agent under this Section 5.1(D). The frequency of the granting of such access, such visits and such examinations, and the party to bear the expense thereof, shall be governed by the provisions of
Section 7.13 with respect to the reviews of the Borrower’ business operations described in such Section 7.13. The Administrative Agent (and, as applicable, the Verification Agent and the Class B Lenders) shall and shall cause
their representatives or independent contractors to use commercially reasonable efforts to avoid interruption of the normal business operations of the Borrower, the Verification Agent, the Facility Administrator, the Managing Member or SAP II, as
applicable. Notwithstanding anything to the contrary in this Section 5.1(D), (i) none of the Borrower, the Verification Agent, the Facility Administrator, the Managing Member or SAP II will be required to disclose, permit the inspection,
examination or making copies or abstracts of, or discussion of, any document, information or other matter that (x) constitutes non-financial trade secrets or
non-financial proprietary information, (y) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited by law or any binding
confidentiality agreement, or (z) is subject to attorney-client or similar privilege or constitutes attorney work product and (ii) the Borrower shall have the opportunity to participate in any discussions with the Borrower’s
independent accountants. 
 (E)    Existence and Rights; Compliance with Laws. The Borrower shall preserve and
keep in full force and effect each Relevant Party’s limited liability company existence, and any material rights, permits, patents, franchises, licenses and qualifications. The Borrower shall comply, and cause each other Relevant Party to,
comply with all applicable laws and maintain in place all permits, licenses, approvals and qualifications required for each of them to conduct its business activities to the extent that the lack of compliance thereof would result in a Material
Adverse Effect. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (F)    Books and Records. The Borrower shall maintain, and cause
(if any are Affiliates of the Borrower) the Facility Administrator to maintain, proper and complete financial and accounting books and records. The Borrower shall cause the Financing Funds and SAP II to maintain with respect to Solar Assets accounts
and records as to each Solar Asset that are proper, complete, accurate and sufficiently detailed so as to permit (i) the reader thereof to know as of the most recently ended calendar month the status of each Solar Asset including payments made
and payments owing (and whether or not such payments are past due), and (ii) reconciliation of payments on each Solar Asset and the amounts from time to time deposited in respect thereof in the Collection Account, if applicable. 

(G)    Taxes. The Borrower shall pay, or cause to be paid, when due all Taxes imposed upon any Relevant Party or
any of its properties or which they are required to withhold and pay over, and provide evidence of such payment to the Administrative Agent if requested; provided, that no Relevant Party shall be required to pay any such Tax that is being
contested in good faith by proper actions diligently conducted if (i) they have maintained adequate reserves with respect thereto in accordance with GAAP and (ii) in the case of a Tax that has or may become a Lien against any of the
Collateral, such proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such Tax. 

(H)    Maintenance of Properties. The Borrower shall ensure that each Relevant Party’s material properties and
equipment used or useful in each of their business in whomsoever’s possession they may be, are kept in reasonably good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such
properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, in each case, to the extent and in the manner customary for companies in similar businesses. 

(I)    ERISA. The Borrower shall deliver to the Administrative Agent such certifications or other evidence from
time to time prior to the repayment of all Obligations and the termination of all Commitments, as requested by the Administrative Agent in its sole discretion, that (i) no Relevant Party is an “employee benefit plan” as defined in
Section 3(3) of ERISA, which is subject to Title I of ERISA or a plan within the meaning of Section 4975 of the Internal Revenue Code, or a “governmental plan” within the meaning of Section 3(32) of ERISA, (ii) no
Relevant Party is subject to state statutes regulating investments and fiduciary obligations with respect to governmental plans, and (iii) assets of the Borrower do not constitute “plan assets” within the meaning of 29 C.F.R. Section 2510.3-101, as modified in application by Section 3(42) of ERISA of any “benefit plan investor” as defined in Section 3(42) of ERISA. 

(J)    Use of Proceeds. The Borrower will only use the proceeds of the Class A Advances and the Class B
Advances as permitted under Section 2.3. 
 (K)    Change of State of Organization; Collections; Names, Etc.
(i) In respect of the Facility Administrator, the Managing Member, the Financing Funds and SAP II, the Borrower shall notify the Administ3rative Agent, the Paying Agent and the Verification Agent in writing of

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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any change (a) in such entity’s legal name, (b) in such entity’s identity or type of organization or corporate structure, or (c) in the jurisdiction of such entity’s
organization, in each case, within ten (10) days of such change; and 
 (ii)    In the event that
the Borrower or any Affiliated Entity thereof receives any Collections directly, the Borrower shall hold, or cause such Affiliated Entity to hold, all such Collections in trust for the benefit of the Secured Parties and deposit, or cause such
Affiliated Entity to deposit, such amounts into the Collection Account, as soon as practicable, but in no event later than two (2) Business Days after its receipt thereof. 

(L)    Insurance. The Borrower shall maintain or cause to be maintained by the Facility Administrator pursuant to
the Facility Administration Agreement and by the Manager pursuant to the Managements Agreements, at the Facility Administrator’s and the Manager’s own expenses, insurance coverage (i) by such insurers and in such forms and amounts and
against such risks as are generally consistent with the insurance coverage maintained by the Borrower, Facility Administrator, the Manager, the Managing Member, the Financing Funds and SAP II as of the Closing Date or (ii) as is customary,
reasonable and prudent in light of the size and nature of the Borrower’s, the Facility Administrator’s, the Manager’s, the Manager Member’s, the Financing Funds’ and SAP II’s respective businesses as of any date after
the Closing Date. The Borrower shall be deemed to have complied with this provision if one of its Affiliates has such policy coverage and, by the terms of any such policies, the coverage afforded thereunder extends to the Borrower. Upon the request
of the Administrative Agent at any time subsequent to the Closing Date, the Borrower shall cause to be delivered to the Administrative Agent, a certification evidencing the Borrower’s, the Facility Administrator’s, the Manager’s, the
Manager Member’s, the Financing Funds’ and SAP II’s coverage under any such policies. 

(M)    Maintenance of Independent Director. The Borrower shall maintain at least one individual to serve as an
independent director (an “Independent Director”) of the Borrower, (i) which is not, nor at any time during the past six (6) years has been, (a) a direct or indirect beneficial owner, a partner (whether direct,
indirect or beneficial), customer or supplier of the Borrower or any of its Affiliates, (b) a manager, officer, employee, member, stockholder, director, creditor, Affiliate or associate of the Borrower or any of its Affiliates (other than as an
independent officer, director, member or manager acting in a capacity similar to that set forth herein), (c) a person related to, or which is an Affiliate of, any person referred to in clauses (a) or (b), or (d) a trustee, conservator or
receiver for any Affiliate of the Borrower or any of its Affiliates, (ii) which shall have had prior experience as an independent director for a corporation or limited liability company whose charter documents required the unanimous consent of
all independent directors thereof before such corporation or limited liability company could consent to the institution of bankruptcy or insolvency proceedings against it or could file a petition seeking relief under any applicable federal or state
law relating to bankruptcy, and (iii) which shall have at least three (3) years of employment experience with one or more entities with a national reputation and presence that provide, in the ordinary course of their respective businesses,
advisory, management or placement services to issuers of securitization or structured finance instruments, agreements or securities, and is currently employed by such an entity. 

(N)    [Reserved]. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (O)    Management Agreement/Servicing Agreement. The Borrower
shall cause the Managing Member to direct the Financing Funds and SAP II to keep in full force and effect each Management Agreement and Servicing Agreement or such equivalent replacement agreements such that O&M Services and Servicing Services
are provided in respect of the Solar Assets in a manner consistent with the Tax Equity Financing Documents and the SAP II Financing Documents and with the same degree of care that the Parent and its Affiliates use to provide similar services to
Solar Assets not owned by a Financing Fund or SAP II. 
 (P)    Maintenance of Separate Existence. The Borrower
shall take all reasonable steps to continue its identity as a separate legal entity and to make it apparent to third Persons that it is an entity with assets and liabilities distinct from those of the Affiliated Entities or any other Person, and
that it is not a division of any of the Affiliated Entities or any other Person. In that regard the Borrower shall: 

(i)    maintain its limited liability company existence, make independent decisions with respect to its
daily operations and business affairs, not amend, modify, terminate or fail to comply with the provisions of its organizational documents, not merge into or consolidate with any Person, or dissolve, terminate, liquidate in whole or in part, transfer
or otherwise dispose of all or substantially all of its assets or change its legal structure, and, other than pursuant to the terms of the limited liability company agreement of the Borrower, not be controlled in making such decisions by any other
Affiliated Entity or any other Person; 
 (ii)    maintain its assets in a manner which facilitates their
identification and segregation from those of any of the other Affiliated Entities; 
 (iii)    except as
expressly otherwise permitted hereunder, conduct all intercompany transactions or enter into any contract or agreement with the other Affiliated Entities except upon terms and conditions that are intrinsically fair and substantially similar to those
that would be available on an arm’s length basis with unaffiliated third parties; 
 (iv)    not
assume or guarantee any obligation of any of the other Affiliated Entities, nor have any of its obligations assumed or guaranteed by any other Affiliated Entity, pledge its assets for the benefit of any other Affiliated Entity, or hold itself out as
responsible for the debts of any other Affiliated Entity or for the decisions or actions with respect to the business and affairs of any other Affiliated Entity; 

(v)    except as expressly otherwise permitted hereunder or contemplated under any of the other Transaction
Documents, the SAP II Financing Documents, the SAP II NTP Financing Documents or the Tax Equity Financing Documents, not permit the commingling or pooling of its funds or other assets with the assets of any other Affiliated Entity or make any loans
or advances to any other Affiliated Entity; 
 (vi)    maintain separate deposit and other bank accounts
to which no other Affiliated Entity has any access; 
 (vii)    compensate (either directly or through
reimbursement of its allocable share of any shared expenses) all employees, consultants and agents, and Affiliated Entities, to 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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the extent applicable, for services provided to the Borrower by such employees, consultants and agents or Affiliated Entities, in each case, either directly from the Borrower’s own funds or
indirectly through documented capital contributions from Parent or any other direct or indirect parent of the Borrower; 

(viii)    have agreed with each of the other relevant Affiliated Entities to allocate among themselves,
through documented intercompany transactions, including documented capital contributions from Parent or any other direct or indirect parent of the Borrower, shared overhead and corporate operating services and expenses which are not reflected in
documentation in connection with a Takeout Transaction (including the services of shared employees, consultants and agents and reasonable legal and auditing expenses) on the basis of actual use or the value of services rendered, and otherwise on a
basis reasonably related to actual use or the value of services rendered; 
 (ix)    pay for its own
account, directly from the Borrower’s own funds or indirectly through documented capital contributions from Parent or any other direct or indirect parent of the Borrower, its own liabilities, including, without limitation, for accounting and
payroll services, rent, lease and other expenses (or its allocable share of any such amounts provided by one or more other Affiliated Entity) and not have such liabilities or operating expenses (or the Borrower’s allocable share thereof) paid
by any of the Affiliated Entities; provided, that Parent or another Affiliated Entity shall be permitted to pay the initial organizational expenses of the Borrower; 

(x)    conduct its business (whether in writing or orally) solely in its own name through its duly
authorized officers, employees and agents, including the Facility Administrator, hold itself out to the public as a legal entity separate and distinct from any other Affiliated Entity, and correct any known misunderstanding regarding its separate
identity; 
 (xi)    maintain a sufficient number of employees in light of its contemplated business
operations, and maintain adequate capital for the normal obligations reasonably foreseeable in a business of its size and character and in light of its contemplated business operations; 

(xii)    maintain its books, records, resolutions and agreements as official records, and shall maintain
all of its books, records, financial statements and bank accounts separate from those of any other Affiliated Entity, and shall not permit its assets to be listed on the financial statement of any other Affiliated Entity; provided, however,
that the Borrower’s assets may be included in a consolidated financial statement of its affiliates provided that (i) appropriate notation shall be made on such consolidated financial statements to indicate the separateness of Borrower and
such affiliates and to indicate that the Borrower’s assets and credit are not available to satisfy the debts and other obligations of such affiliates or any other Person and (ii) such assets shall be listed on the Borrower’s own
separate balance sheet; 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (xiii)    except as provided in the limited liability
company agreement of the Borrower, not acquire obligations or securities of any other Affiliated Entities, or identify its members or the other Affiliated Entities, as applicable, as a division or part of it; 

(xiv)    file its own tax returns unless prohibited by Applicable Law from doing so (except that the
Borrower may file or may include its filing as part of a consolidated federal tax return, to the extent required and/or permitted by Applicable Law, provided that, there shall be an appropriate notation indicating the separate existence of
the Borrower and its assets and liabilities); and 
 (xv)    otherwise practice and adhere to corporate
formalities such as complying with its organizational documents and member and Facility Administrator resolutions, the holding of regularly scheduled meetings of members and Facility Administrator, use stationery, invoices and checks separate from
those of any other Affiliated Entity, and maintaining complete and correct books and records and minutes of meetings and other proceedings of its members and Facility Administrator. 

(Q)    Updates to Account Schedule. Schedule II attached hereto shall be updated by the Borrower and
delivered to the Administrative Agent immediately to reflect any changes as to which the notice and other requirements specified in Section 5.2(K) have been satisfied. 

(R)    Deposits into the Accounts. (i) The Borrower shall (a) direct, or cause to be directed, all
Collections other than Collections related to SAP II Solar Assets to the Collection Account and all Collections related to SAP II Solar Assets to the SAP II Revenue Account, (b) direct, or cause to be directed, all Eligible Hedged SREC
Counterparties to make all related Hedged SREC Payments directly into the Collection Account and, to the extent any Hedged SREC Payments are deposited by the relevant obligor in another account, cause such payments to be deposited into the
Collection Account no later than two (2) Business Days after receipt, and (c) deposit or cause to be deposited all net proceeds of a Takeout Transaction into the Takeout Transaction Account in accordance with Section 2.7(C). 

(ii)    The Borrower shall not and shall not permit the Managing Member or SAP II to deposit into or
otherwise credit (or cause to be deposited or credited), or consent to or fail to object to any such deposit or credit of, cash or cash proceeds other than Collections into the Collection Account or the SAP II Revenue Account. 

(S)    Hedging. The Borrower shall collectively at all times satisfy the Hedge Requirements. 

(T)    Update to Solar Assets. The Borrower shall notify the Facility Administrator and the Administrative Agent in
writing of any additions or deletions to the Schedule of Solar Assets, no later than each Funding Date and each Payment Date (which in the case of the update delivered on any Payment Date shall be prepared as of the last day of the related
Collection Period). 
 (U)    Notice to Parent. The Borrower shall promptly notify the Parent of a breach of
Section 4.1(U) and shall require the Parent to cure such breach or pay the Liquidated Damages Amount for such Defective Solar Asset pursuant to and in accordance with the Parent Guaranty. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (V)    Government Approvals. The Borrower shall promptly obtain
all orders, consents, authorizations, approvals, licenses and validations of, or file recordings, register with, or obtain exemption from, any Governmental Authority required as a condition to the performance of its obligations under any Transaction
Document. 
 Section 5.2    Negative Covenants. The Borrower covenants and agrees that,
until all Obligations (other than contingent obligations not then due) hereunder have been paid in full, the Borrower will not: 

(A)    Business Activities. (x) Conduct any business other than: 

(i)    the conveyance from time to time of the Solar Asset Owner Member Interests in connection with a
Takeout Transaction; 
 (ii)    the execution and delivery by the Borrower from time to time of purchase
agreements, in form and substance satisfactory to the Administrative Agent, related to the sale of securities by the Borrower or any of their Affiliates in connection with a Takeout Transaction; 

(iii)    the performance by the Borrower of all of its obligations under the aforementioned agreements and
under this Agreement and any documentation related thereto; 
 (iv)    the preparation, execution and
delivery of any and all other documents and agreements as may be required in connection with the performance of the activities of the Borrower approved above; and 

(v)    to engage in any lawful act or activity and to exercise any powers permitted under the Delaware
Limited Liability Company Act that are reasonably related, incidental, necessary, or advisable to accomplish the foregoing; or 

(vi)    permit the Managing Member or SAP II to conduct any business other than the transactions
contemplated by the Tax Equity Financing Documents. 
 Notwithstanding the foregoing, after the Closing Date and at any time on or prior to
the earlier of (a) the Maturity Date and (b) the date on which all Obligations (other than contingent obligations not then due) of the Borrower hereunder have been paid in full, the Borrower shall not, without the prior written consent of
the Administrative Agent, the Majority Lenders and the Majority Class B Lenders (consent by the Majority Class B Lenders to not be unreasonably withheld, conditioned or delayed if otherwise approved by the Majority Lenders; provided
that if the Majority Class B Lenders have not affirmatively disapproved such transaction in writing within five (5) Business Days of receiving notice of such transaction and the Majority Lenders have otherwise approved such transaction,
such transaction shall be deemed approved), (1) purchase or otherwise acquire any Solar Assets, or interests therein, (2) convey or otherwise dispose of any Collateral or interests therein, other than permitted under Sections 5.2(A)(ii) or
5.2(E), or (3) establish any Subsidiaries other than the Subsidiaries in existence on the Restatement Date; provided, that notwithstanding this paragraph, Borrower may continue to own directly or indirectly interests in the Financing
Funds and SAP II, which shall purchase and acquire Solar Assets in accordance with the terms of the SAP II Financing Documents, the SAP II NTP Financing Documents or the Tax Equity Financing Documents. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (B)    Sales, Liens, Etc. Except as permitted hereunder
(i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien upon or with respect to, the Collateral or any portion thereof, or upon or with respect to the Collection Account or any other
account owned by or in the name of the Borrower to which any Collections are sent, or assign any right to receive income in respect thereof, or (ii) create or suffer to exist any Lien upon or with respect to any of its properties, whether now
owned or hereafter acquired, or assign any right to receive income, to secure or provide for the payment of any Indebtedness of any Person or for any other reason; provided that notwithstanding anything to the contrary herein, this
Section 5.2(B) shall not prohibit (x) any Lien that constitutes a Permitted Lien or a Permitted Equity Lien, (y) a SAP II Transfer or (z) so long as notice is given to Administrative Agent under any Facility Administrator Report
of any of the following, any actions permitted under Sections 5.2(A)(ii). 
 (C)    Indebtedness. Incur or
assume any Indebtedness, except Permitted Indebtedness. 
 (D)    Loans and Advances. Make any loans or advances
to any Person. 
 (E)    Dividends, Etc. Declare or make any dividend payment or other distribution of assets,
properties, cash, rights, obligations or securities on account of any interest in Borrower, or purchase, redeem or otherwise acquire for value any interest in the Affiliated Entities or any rights or options to acquire any such interest to any
Person that is not the Borrower, except: 
 (i)    transfers, dividends or other distributions of
Marketable RECs; 
 (ii)    distributions of cash by the Borrower from the Borrower’s Account in
accordance with this Agreement; or 
 (iii)    distributions of Solar Assets that were Substantial Stage
Solar Assets in accordance with a SAP II Transfer; 
 provided, that the distributions described in subsection (i) of clause (E) shall not
be permitted if either an Event of Default or Potential Default would result therefrom unless all outstanding Obligations (other than contingent liabilities for which no claims have been asserted) have been irrevocably paid in full with all accrued
but unpaid interest thereon and any related Liquidation Fees; provided further, that nothing in this Section 5.2(E) shall prohibit or limit any Financing Fund Contributions. 

(F)    Mergers, Etc. Merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether
in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to, or acquire all or substantially all of the assets of, any Person, except in connection with a Takeout Transaction
or an acquisition or sale where all Obligations have been paid in full with all accrued but unpaid interest thereon and any related Liquidation Fees. 

(G)    Investments. Make any investment of capital in any Person either by purchase of stock or securities,
contributions to capital, property transfer or otherwise or acquire or agree to 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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acquire by any manner any business of any Person except pursuant to the transactions contemplated herein and in the SAP II Financing Documents, the SAP II NTP Financing Documents or the Tax
Equity Financing Documents. 
 (H)    Change in Organizational Documents. Amend, modify or otherwise change any
of the terms or provisions in its organizational documents as in effect on the date hereof without the consent of the Administrative Agent, the Majority Lenders and, to the extent such amendment, modification or change could reasonably be expected
to materially and adversely affect the Class B Lenders in a manner disproportionate to the Class A Lenders, the Majority Class B Lenders. 

(I)    Transactions with Affiliates. Enter into, or be a party to, any transaction with any of its Affiliates,
except (i) the transactions contemplated by the Transaction Documents, the SAP II Financing Documents, the SAP II NTP Financing Documents, the Tax Equity Financing Documents or any similar conveyance agreement entered into in connection with a
Takeout Transaction or SAP II Transfer, (ii) any other transactions (including the lease of office space or computer equipment or software by the Borrower from an Affiliate and the sharing of employees and employee resources and
benefits) (a) in the ordinary course of business or as otherwise permitted hereunder, (b) pursuant to the reasonable requirements and purposes of the Borrower’s business, (c) upon fair and reasonable terms (and, to the extent
material, pursuant to written agreements) that are consistent with market terms for any such transaction, and (d) permitted by Sections 5.2(B), (C), (E) or (F), (iii) employment and severance arrangements and health, disability and similar
insurance or benefit plans between the Borrower and its directors, officers, employees in the ordinary course of business, and (iv) the payment of customary fees and reasonable out of pocket costs to, and indemnities provided on behalf of,
directors, managers, consultants, officers and employees of any parent entity of the Borrower to the extent attributable to the ownership or operation of the Borrower. 

(J)    Addition, Termination or Substitution of Accounts. Add, terminate or substitute, or consent to the addition,
termination or substitution of, the Collection Account, the Supplemental Reserve Account, the Liquidity Reserve Account, the SAP II Revenue Account, or the Takeout Transaction Account unless the Administrative Agent, the Majority Lenders and the
Majority Class B Lenders shall have consented thereto (consent by the Majority Class B Lenders to not be unreasonably withheld, conditioned or delayed if otherwise approved by the Administrative Agent; provided that if the Majority
Class B Lenders have not affirmatively disapproved such addition, termination or substitution in writing within five (5) Business Days of receiving notice of such addition, termination or substitution and the Administrative Agent has
otherwise approved such addition, termination or substitution, such addition, termination or substitution shall be deemed approved) after having received at least thirty (30) days’ prior written notice thereof. Notwithstanding the
foregoing, the Borrower neither has nor shall have any control over the Collection Account, the Supplemental Reserve Account, the Liquidity Reserve Account, the SAP II Revenue Account, or the Takeout Transaction Account. For the avoidance of doubt,
any Financing Fund Contributions shall not be controlled or distributed through the Paying Agent Accounts. 

(K)    Collections. (i) Deposit at any time Collections into any bank account other than in accordance with
Section 5.1(R), (ii) make any change to the payment instructions to a Financing Fund, the Managing Member or SAP II in respect of the Solar Asset Owner Member Interests to 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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any other destination other than the Collection Account, (iii) make any change to the payment instructions to any Eligible Hedged SREC Counterparty or direct any Eligible Hedged SREC
Counterparty to make any Hedged SREC Payments to go to any destination other than the Collection Account, or (iv) permit the assets of any Person (other than the Borrower) to be deposited into the Collection Account. 

(L)    Amendments to Transaction Documents. Without the consent of the Administrative Agent and subject to
Section 10.2, amend, modify or otherwise change any of the terms or provisions of any Transaction Document other than (i) supplements identifying Solar Assets to be financed in connection with each Funding Date, (ii) amendments,
supplements or other changes in accordance with the terms of the applicable Transaction Document, the SAP II Financing Documents, the SAP II NTP Financing Documents or Tax Equity Financing Document, and (iii) amendments, supplements or other
changes with respect to exhibits and schedules to any Transaction Document, the SAP II Financing Documents, the SAP II NTP Financing Documents or Tax Equity Financing Document that would not reasonably be expected to have a material adverse effect
on the value, enforceability, or collectability of the Collateral or adversely affect Collections. 

(M)    Bankruptcy of Tax Equity Parties. Without the consent of the Administrative Agent, the Borrower shall not,
directly or indirectly, cause the institution of bankruptcy or insolvency proceedings against a Tax Equity Party. 

Section 5.3    Covenants Regarding the Solar Asset Owner Member Interests. The Borrower
covenants and agrees, that, until all Obligations (other than contingent obligations not then due) hereunder have been paid in full, the Borrower shall: 

(A)    determine whether or not to exercise each Purchase Option in accordance with the Purchase Standard. The Borrower
will make such determination, and if it determines to do so, will exercise such Purchase Option, no later than 60 days following the related Call Date in accordance with the terms and conditions of the related Financing Fund LLCA. Such determination
will take into account whether sufficient funds are available in the Supplemental Reserve Account to pay the related Purchase Option Price, and if such funds are not then available in the Supplemental Reserve Account, the Borrower shall make a
determination, in accordance with the Purchase Standard, whether to exercise such Purchase Option as soon thereafter as such funds are available in the Supplemental Reserve Account. Upon the Borrower’s exercise and completion of a Purchase
Option, the Borrower shall (i) instruct the related Financing Fund to pay all distributions to be made by such Financing Fund to the Borrower in respect of the Managing Member Interests and the Tax Equity Investor Interests directly to the
Collection Account and deliver to the Administrative Agent the original certificate of the related Managing Member Interests and the related Tax Equity Investor Interests together with instruments of transfer executed in blank, (ii) cause the
Managing Member to execute and deliver to the Administrative Agent a Managing Member Pledge Agreement, and (iii) cause the Managing Member to amend the related Financing Fund LLCA to require such Financing Fund to have at all times an
Independent Director; 
 (B)    (x) cause the Managing Member (i) to cause each Financing Fund to make all Managing
Member Distributions directly to the Collection Account and (ii) to deliver to the 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Administrative Agent for deposit into the Collection Account any Managing Member Distributions received by the Managing Member and (y) cause SAP II to (i) make all SAP II Distributions
directly to the Collection Account and (ii) to deliver to the Administrative Agent for deposit into the Collection Account any SAP II Distributions received by SAP II; 

(C)    cause each of the Managing Member and SAP II to comply with the provisions of its operating agreement and not to
take any action that would cause the Managing Member to violate the provisions of each Financing Fund LLCA; 

(D)    cause each of the Managing Member and SAP II to maintain all material licenses and permits required to carry on its
business as now conducted and in accordance with the provisions of the Transaction Documents, except to the extent the failure to do so could not reasonably be expected to have a material adverse effect on the interests of the Administrative Agent
or the Lenders; 
 (E)    not permit or consent to the admission of any new member of the Managing Member or SAP II
other than a successor independent member in accordance with the provisions of their respective operating agreements; 

(F)    cause the Managing Member not to permit or consent to the admission of any new member of a Financing Fund other
than pursuant to the exercise of a Purchase Option by the Managing Member; 
 (G)    cause the Managing Member not to
make any material amendment to a Financing Fund LLCA that could reasonably be expected to have a material adverse effect on the interests of the Administrative Agent or the Lenders and cause the Managing Member and SAP II not to make any material
amendment to their respective operating agreements that could reasonably be expected to have a material adverse effect on the interests of the Administrative Agent or the Lenders; 

(H)    cause the Managing Member on its own behalf and on behalf of each Financing Fund (i) to comply with and
enforce the provisions of the Tax Loss Insurance Policies and (ii) not to consent to any amendment to a Tax Loss Insurance Policy to the extent that such amendment could reasonably be expected to have a material adverse effect on the interests
of the Administrative Agent or the Lenders; 
 (I)    cause the Managing Member to cause each Financing Fund to
(i) comply with the provisions of each respective Financing Fund LLCA and (ii) not take any action that would violate the provisions of such Financing Fund LLCA, and cause the Managing Member and SAP II to not to make any material
amendment to their respective operating agreement that could reasonably be expected to have a material adverse effect on the interests of the Administrative Agent or the Lenders; 

(J)    cause the Managing Member to cause each Financing Fund and cause the Managing Member and SAP II to maintain all
material licenses and permits required to 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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carry on its business as now conducted and in accordance with the provisions of the SAP II Financing Documents, the SAP II NTP Financing Documents and the Tax Equity Financing Documents, except
to the extent the failure to do so could not reasonably be expected to have a material adverse effect on the interests of the Administrative Agent or the Lenders; and 

(K)    cause the Managing Member to obtain the consent of the Administrative Agent for any action taken under
Section 6.2(b) of each Financing Fund LLCA or any action that could reasonably be expected to cause a Material Adverse Effect. 

ARTICLE VI 

EVENTS OF DEFAULT 

Section 6.1    Events of Default. The occurrence of any of the following specified events
shall constitute an event of default under this Agreement (each, an “Event of Default”): 
 (A)    Non-Payment. (i) The Borrower shall fail to make any required payment of principal (including any payment required to be made to cure a Class A Borrowing Base Deficiency or a Class B Borrowing
Base Deficiency) or interest when due hereunder and such failure shall continue unremedied for two (2) Business Days after the day such payment is due or (ii) the Borrower shall fail to pay the Aggregate Outstanding Advances by the
Maturity Date, or (iii) the Borrower shall fail to make any required payment on any other Obligation when due hereunder or under any other Transaction Document and such failure under this sub-clause
(iii) shall continue unremedied for five (5) Business Days after the earlier of (a) written notice of such failure shall have been given to the Borrower by the Administrative Agent or any Lender or (b) the date upon which a
Responsible Officer of the Borrower obtained knowledge of such failure. 
 (B)    Representations. Any
representation or warranty made or deemed made by the Borrower (other than pursuant to Section 4.1(L) hereof regarding the Parent), the Parent, the Facility Administrator, the Managing Member or SAP II herein or in any other Transaction
Document (after giving effect to any qualification as to materiality set forth therein, if any) shall prove to have been inaccurate in any material respect when made and such defect, to the extent it is capable of being cured, is not cured within
thirty (30) days from the earlier of the date of receipt by the Borrower, the Parent, the Facility Administrator, the Managing Member or SAP II as the case may be, of written notice from the Administrative Agent of such failure by the Borrower,
the Parent, the Facility Administrator, the Managing Member or SAP II, as the case may be, of such failure. 

(C)    Covenants. The Borrower, the Facility Administrator, the Managing Member or SAP II shall fail to perform or
observe any other term, covenant or agreement contained in this Agreement or in any other Transaction Document which has not been cured within thirty (30) days from the earlier of the date of receipt by the Borrower, the Facility Administrator,
the Managing Member or SAP II, as the case may be, of written notice from the Administrative Agent of such failure by the Borrower, the Facility Administrator, the Managing Member or SAP II, as the case may be, of such failure. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (D)    Validity of Transaction Documents. This Agreement or any
other Transaction Document shall (except in accordance with its terms), in whole or in part, cease to be (i) in full force and effect and/or (ii) the legally valid, binding and enforceable obligation of the Borrower. 

(E)    Insolvency Event. An Insolvency Event shall have occurred with respect to Parent, Borrower, the Facility
Administrator, the Managing Member, SAP II or a Financing Fund. 
 (F)    Breach of Parent Guaranty. Any failure
by Parent to perform under the Parent Guaranty; provided that a breach by Parent of the Financial Covenants is not an Event of Default hereunder. 

(G)    ERISA Event. Either (i) any ERISA Event shall have occurred or (ii) the assets of the Borrower
become subject to Title I of ERISA, Section 4975 of the Internal Revenue Code, or, by reason of any investment in the Borrower by any governmental plan, as the case may be, any other federal, state, or local provision similar to
Section 406 of ERISA or Section 4975 of the Internal Revenue Code. 
 (H)    Borrowing Base Deficiency.
A Class A Borrowing Base Deficiency or a Class B Borrowing Base Deficiency continues for more than two (2) Business Days. 

(I)    Security Interest. The Administrative Agent, for the benefit of the Lenders, ceases to have a first priority
perfected security interest in Collateral having a value in excess of $150,000 and such failure shall continue unremedied for more than five (5) Business Days unless such Liens with a higher priority than Agent’s Liens are Permitted Liens
or Permitted Equity Liens; provided that if such cessation in security interest is due to Agent’s actions, then no Event of Default shall be deemed to occur under this Section 6.1(I). 

(J)    Judgments. There shall remain in force, undischarged, unsatisfied, and unstayed for more than thirty
(30) consecutive days, any final non-appealable judgment against any Relevant Party in excess of $250,000 or the Parent in excess of $1,000,000, in each case over and above the amount of insurance
coverage available from a financially sound insurer that has not denied coverage. 
 (K)    1940 Act. Any
Relevant Party becomes, or becomes controlled by, an entity required to register as an “investment company” under the 1940 Act. 

(L)    Hedging. Failure of the Borrower to maintain Hedge Agreements satisfying the Hedge Requirements and such
failure continues for five (5) Business Days or any Hedge Counterparty ceases to be a Qualifying Hedge Counterparty and such Hedge Counterparty is not replaced with a Qualifying Hedge Counterparty within ten Business Days. 

(M)    Change of Control. The occurrence of a Change of Control. 

(N)    Financing Fund Material Adverse Effect. The occurrence of any event that results in a Material Adverse
Effect (as defined in the Financing Fund LLCA) with respect to the Managing Member or a Financing Fund. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (O)    Replacement of Manager. The Manager resigns, removed or is
replaced under a Management Agreement or a Servicing Agreement and, in each case, a replacement Manager, acceptable to the Administrative Agent has not accepted an appointment under such agreement within 60 days of such resignation or removal. 

(P)    Parent Material Adverse Effect. A representation or warranty made or deemed made by the Borrower pursuant to
Section 4.1(L) hereof regarding the Parent shall prove to have been inaccurate in any material respect when made and such defect, to the extent it is capable of being cured, is not cured within ninety (90) days from the earlier of the date
of receipt by the Borrower of written notice from the Administrative Agent of such failure by the Borrower. 

(Q)    Resignation or Removal of Managing Member. The Managing Member resigns or is removed under a Financing Fund
LLCA. 
 (R)    Tax Loss Insurance Policy. Sunnova TEP III, LLC, a Delaware limited liability company (or Parent
or an affiliate thereof on behalf of Sunnova TEP III, LLC, a Delaware limited liability company) fails to procure a Tax Loss Insurance Policy prior to April 5, 2019. 

Section 6.2    Remedies. If any Event of Default shall then be continuing, the
Administrative Agent (i) may, in its discretion, or (ii) shall, upon the written request of the Majority Lenders, by written notice to the Borrower and the Lenders, take any or all of the following actions, without prejudice to the rights
of the Administrative Agent or any Lender to enforce its claims against the Borrower in any manner permitted under applicable law: 

(A)    declare the Commitments terminated, whereupon the Commitment of each Lender shall forthwith terminate immediately
without any other notice of any kind; 
 (B)    declare the principal of and any accrued interest in respect of the
Class A Advances, the Class B Advances and all other Obligations owing hereunder and thereunder to be, whereupon the same shall become, immediately due and payable without presentment, demand, protest or other notice of any kind, all of
which are hereby waived by the Borrower; provided, that, upon the occurrence of an Insolvency Event with respect to the Borrower, the principal of and any accrued interest in respect of the Advances and all other Obligations owing hereunder
shall be immediately due and payable without any notice to the Borrower or Lenders; 
 (C)    if the Facility
Administrator is Sunnova Management, replace the Facility Administrator with a Successor Facility Administrator in accordance with the Facility Administration Agreement; and/or 

(D)    foreclose on and liquidate the Collateral or to the extent permitted by the Tax Equity Financing Documents, the
Solar Assets owned by a Financing Fund or SAP II, as applicable, and pursue all other remedies available under the Security Agreement, the Pledge Agreement, the Subsidiary Guaranty and the other Transaction Documents, subject to the terms of the Tax
Equity Financing Documents. 
 Section 6.3    Class B Lender Purchase Option
(A) If an Event of Default other than an Event of Default described in Section 6.1(E) shall occur and be continuing and the Administrative Agent shall not have declared all Obligations under this Agreement or any of the other Transaction

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Documents to be immediately due and payable, the Class B Lenders shall have the option at any time to purchase all (but not less than all) of the Class A Advances then outstanding and
all related Obligations owing by the Borrower to the Class A Lenders (solely in such capacity) from the Class A Lenders (the “Class B Lender Purchase Option”) with the consent of all the Class A
Lenders. At any time that the Class B Lender Purchase Option is available to the Class B Lenders, any Class B Lender may request that the Class A Lenders provide such Class B Lender with a statement setting forth the
aggregate amount of all the Class A Advances then outstanding and all related Obligations owed by the Borrower to the Class A Lenders (solely in such capacity). Within ten (10) Business Days after the receipt of such statement, the
requesting Class B Lender shall provide written notice to the Class A Lenders whether such Class B Lender would like to exercise the Class B Lender Purchase Option. Upon receipt of a notice that a Class B Lender would like
to exercise the Class B Lender Purchase Option, the Class A Lenders shall promptly notify such Class B Lender whether the Class A Lenders will consent to a sale. If any or all of the Class B Lenders shall have elected to
exercise the Class B Lender Purchase Option and the Class A Lenders shall have consented to a sale, the Class A Lenders and applicable Class B Lenders shall agree to a purchase and sale date and make such purchase and sale in
accordance with Section 6.3(C); provided that the Class A Lenders shall retain all rights to be indemnified or held harmless by the Borrower in accordance with the terms hereof for claims accruing prior to such sale date. 

(B)    If an Event of Default shall occur and be continuing and the Majority Lenders shall have declared an Event of
Default that has not been waived, the Class B Lenders shall have the option at any time to exercise the Class B Lender Purchase Option. Any or all of the Class B Lenders may exercise such Class B Lender Purchase Option upon
written notice to the Class A Lenders, which notice shall be irrevocable. On the date specified by the participating Class B Lenders in such notice (which shall not be more than ten (10) Business Days after the receipt by the
Class A Lenders of such notice), the Class A Lenders shall sell to the Class B Lenders, and the Class B Lenders shall purchase from the Class A Lenders, the Class A Advances then outstanding and all Obligations owed by
the Borrower to the Class A Lenders (solely in such capacity) in accordance with Section 6.3(C); provided that the Class A Lenders shall retain all rights to be indemnified or held harmless by the Borrower in accordance with
the terms hereof for claims accruing prior to such sale date. 
 (C)    Upon the date of a purchase and sale pursuant to
this Section 6.3, the Class B Lenders shall (i) pay to the Class A Lenders as the purchase price therefor the full amount of all the Class A Advances and all Obligations owed by the Borrower to the Class A Lenders
(solely in such capacity) then outstanding and unpaid including principal, interest, fees, any Liquidation Fee as in effect on the date thereof and expenses, including attorneys’ fees and legal expenses, (ii) reimburse the Class A
Lenders for any loss, cost, damage or expense (including attorneys’ fees and legal expenses) in connection with any commissions, fees, costs or expenses related to any checks or other payments provisionally credited to the Obligations owing to
the Class A Lenders (solely in such capacity), and/or as to which the Class A Lenders have not yet received final payment (and, in each case, all of such payments shall be made without offset, deduction or defense), (iii) reimburse the
Class A Lenders for the amount of all liabilities (without duplication) that such Class A Lenders have incurred in the nature of indemnification obligations of the Borrower hereunder which have resulted in any loss, cost, damage or expense
(including reasonable attorneys’ fees and legal expenses) to the Class A Lenders, and (iv) agree to indemnify and hold harmless the Class A Lenders from and against any loss, liability, claim, damage or

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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expense (including fees and expenses of legal counsel) arising out of any claim asserted by a third party as a direct result of any acts by the Class B Lenders occurring after the date of
such purchase. The Class A Lenders shall provide a reasonably detailed statement of the purchase price and other sums set forth in clauses (i) through (iii) above to the Class B Lenders, and the Class B Lenders shall remit such
purchase price and other sums in clauses (i) through (iii) above by wire transfer in federal funds to such bank account of the Class A Lenders as the Class A Lenders may designate in writing to the Class B Lenders for such
purpose. Interest shall be calculated through the Business Day on which such purchase and sale shall occur if the amounts so paid by the Class B Lenders to the bank account designated by the Class A Lenders are received in such bank
account prior to 1:00 p.m., New York time and interest shall be calculated to and include the next Business Day if the amounts so paid by the Class B Lenders to the bank account designated by the Class A Lenders are received in such bank
account later than 1:00 p.m., New York time. Such purchase shall be expressly made without representation or warranty of any kind by the Class A Lenders as to the Obligations owing to the Class A Lenders (solely in such capacity) or
otherwise and without recourse to the Class A Lenders, except that the Class A Lenders shall represent and warrant: (a) the amount of Obligations owing to the Class A Lenders (solely in such capacity) being purchased and that the
purchase price and other sums payable by the Class B Lenders are true, correct and accurate amounts, (b) that the Class A Lenders shall convey the Obligations owing to the Class A Lenders (solely in such capacity) free and clear
of any Liens or encumbrances of the Class A Lenders or created or suffered by the Class A Lenders, (c) as to all claims made or threatened in writing against the Class A Lenders related to the Obligations owing to the
Class A Lenders (solely in such capacity), and (d) the Class A Lenders are duly authorized to assign the Obligations owing to the Class A Lenders (solely in such capacity). 

Section 6.4    Sale of Collateral. (A) The power to effect any sale of any portion
of the Collateral upon the occurrence and during the continuance of an Event of Default pursuant to this Article VI, the Security Agreement and the Pledge Agreement shall not be exhausted by any one or more sales as to any portion of the Collateral
remaining unsold, but shall continue unimpaired until all Collateral shall have been sold or until all Obligations (other than contingent obligations not then due) hereunder have been paid in full. The Administrative Agent acting on its own or
through an agent, may from time to time postpone any sale by public announcement made at the time and place of such sale. 

(B)    Upon the occurrence and during the continuation of an Event of Default, the Administrative Agent may, in its
discretion, and shall, upon the written request of the Majority Lenders, by written notice to the Borrower and the Lenders sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Administrative
Agent’s offices or elsewhere, for cash, on credit (including pursuant to a “credit sale” to a Lender or an assignee thereof) or for future delivery, and upon such other terms as the Administrative Agent may require. Notwithstanding
the foregoing, prior to the consummation of any sale of the Collateral pursuant to this Article VI and any other Transaction Document (either private or public), the Administrative Agent shall first offer the Class B Lenders the opportunity to
purchase the Collateral for a purchase price equal to the greater of (x) the fair market value of the Collateral and (y) the aggregate outstanding principal balance of the Class A Advances, plus accrued interest thereon and fees owed
thereto (such right, the “Right of First Refusal”). If the Class B Lenders do not exercise the Right of First Refusal within two (2) Business Days of receipt thereof, then the Administrative Agent shall sell the Collateral
as otherwise set forth in this Section 6.4 and pursuant 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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to the other Transaction Documents; provided, further, that if the Class B Lenders do not exercise the Right of First Refusal and the Administrative Agent elects to sell the
Collateral in a private sale to a third party, then prior to the sale thereof, the Administrative Agent shall offer the Class B Lenders the opportunity to purchase the Collateral for the purchase price being offered by such third party, and the
Class B Lenders shall have two (2) Business Days to accept such offer. 
 ARTICLE VII 

THE ADMINISTRATIVE AGENT AND FUNDING AGENTS

 Section 7.1    Appointment; Nature of Relationship. The Administrative Agent is
appointed by the Funding Agents and the Lenders (and by each Qualifying Hedge Counterparty by execution of a Qualifying Hedge Counterparty Joinder, if applicable) as the Administrative Agent hereunder and under each other Transaction Document, and
each of the Funding Agents and the Lenders and each Qualifying Hedge Counterparty irrevocably authorizes the Administrative Agent to act as the contractual representative of such Funding Agent and such Lender and such Qualifying Hedge Counterparty
with the rights and duties expressly set forth herein and in the other Transaction Documents. The Administrative Agent agrees to act as such contractual representative upon the express conditions contained in this Article VII. Notwithstanding the
use of the defined term “Administrative Agent,” it is expressly understood and agreed that the Administrative Agent shall not have any fiduciary responsibilities to any Funding Agent or Lender or any Qualifying Hedge Counterparty by reason
of this Agreement and that the Administrative Agent is merely acting as the representative of the Funding Agents, the Lenders and each Qualifying Hedge Counterparty with only those duties as are expressly set forth in this Agreement and the other
Transaction Documents. In its capacity as the Funding Agents’, the Lenders’ and each Qualifying Hedge Counterparty’s contractual representative, the Administrative Agent (A) does not assume any fiduciary duties to any of the
Funding Agents, the Lenders or any Qualifying Hedge Counterparty, (B) is a “representative” of the Funding Agents, the Lenders and each Qualifying Hedge Counterparty within the meaning of
Section 9-102 of the UCC as in effect in the State of New York, and (C) is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this
Agreement and the other Transaction Documents. Each of the Funding Agents, the Lenders and each Qualifying Hedge Counterparty agree to assert no claim against the Administrative Agent on any agency theory or any other theory of liability for breach
of fiduciary duty, all of which claims each Funding Agent, each Lender and each Qualifying Hedge Counterparty waives. 

Section 7.2    Powers. The Administrative Agent shall have and may exercise such powers
under the Transaction Documents as are specifically delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto. The Administrative Agent shall have no implied duties or fiduciary duties
to the Funding Agents, the Lenders or to any Qualifying Hedge Counterparty, or any obligation to the Funding Agents, the Lenders or any Qualifying Hedge Counterparty to take any action hereunder or under any of the other Transaction Documents except
any action specifically provided by the Transaction Documents required to be taken by the Administrative Agent. 

Section 7.3    General Immunity. Neither the Administrative Agent nor any of its
directors, officers, agents or employees shall be liable to the Borrower, the Funding Agents, the 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Lenders, or any Qualifying Hedge Counterparty for any action taken or omitted to be taken by it or them hereunder or under any other Transaction Document or in connection herewith or therewith
except to the extent such action or inaction is found in a final non-appealable judgment by a court of competent jurisdiction to have arisen solely from (A) the gross negligence or willful misconduct of
such Person or (B) breach of contract by such Person with respect to the Transaction Documents. 

Section 7.4    No Responsibility for Advances, Creditworthiness, Collateral, Recitals,
Etc.. Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into, or verify (A) any statement, warranty or representation made in connection
with any Transaction Document or any borrowing hereunder, (B) the performance or observance of any of the covenants or agreements of any obligor under any Transaction Document, (C) the satisfaction of any condition specified in Article
III, except receipt of items required to be delivered solely to the Administrative Agent, (D) the existence or possible existence of any Potential Default or Event of Default, or (E) the validity, effectiveness or genuineness of any
Transaction Document or any other instrument or writing furnished in connection therewith. The Administrative Agent shall not be responsible to any Funding Agent, any Lender or any Qualifying Hedge Counterparty for any recitals, statements,
representations or warranties herein or in any of the other Transaction Documents, for the perfection or priority of any of the Liens on any of the Collateral, or for the execution, effectiveness, genuineness, validity, legality, enforceability,
collectability, or sufficiency of this Agreement or any of the other Transaction Documents or the transactions contemplated thereby, or for the financial condition of any guarantor of any or all of the Obligations, the Borrower or any of its
respective Affiliates. 
 Section 7.5    Action on Instructions of Lenders. The
Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder and under any other Transaction Document in accordance with written instructions signed by the Majority Lenders, and such instructions and
any action taken or failure to act pursuant thereto shall be binding on all of the Lenders and on all holders of Loan Notes. The Administrative Agent shall be fully justified in failing or refusing to take any action hereunder and under any other
Transaction Document unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action. 

Section 7.6    Employment of Administrative Agents and Counsel. The Administrative Agent
may execute any of its duties as the Administrative Agent hereunder and under any other Transaction Document by or through employees, agents, and attorneys-in-fact and
shall not be answerable to the Funding Agents, the Lenders or any Qualifying Hedge Counterparty, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. The Administrative Agent shall be entitled to advice of counsel concerning the contractual arrangement between the
Administrative Agent and the Funding Agents, the Lenders or any Qualifying Hedge Counterparty and all matters pertaining to the Administrative Agent’s duties hereunder and under any other Transaction Document. 

Section 7.7    Reliance on Documents; Counsel. The Administrative Agent shall be entitled
to rely upon any Class A Loan Note, Class B Loan Note, notice, consent, certificate, 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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affidavit, letter, telegram, statement, paper or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and, in respect to legal
matters, upon the opinion of counsel selected by the Administrative Agent, which counsel may be employees of the Administrative Agent. 

Section 7.8    The Administrative Agent’s Reimbursement and
Indemnification. The Non-Conduit Lenders agree to reimburse and indemnify (on a pro rata basis based on the Class A Lender Group Percentages and the Class B Lender Group Percentages, as
applicable) the Administrative Agent (A) for any amounts not reimbursed by the Borrower for which the Administrative Agent is entitled to reimbursement by the Borrower under the Transaction Documents, (B) for any other reasonable and
documented expenses incurred by the Administrative Agent on behalf of the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Transaction Documents, and (C) for any liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of the
Transaction Documents or any other document delivered in connection therewith or the transactions contemplated thereby, or the enforcement of any of the terms thereof or of any such other documents, provided, that no Lender shall be liable
for any of the foregoing to the extent any of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to have arisen solely from the gross negligence or willful
misconduct of the Administrative Agent. 
 Section 7.9    Rights as a Lender. With
respect to its Commitment and Advances made by it and the Loan Notes (if any) issued to it, in its capacity as a Lender, the Administrative Agent shall have the same rights and powers hereunder and under any other Transaction Document as any Lender
and may exercise the same as though it were not the Administrative Agent, and the term “Lender” or “Lenders,” as applicable, shall, unless the context otherwise indicates, include the Administrative Agent in its individual
capacity. The Administrative Agent may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Transaction Document, with the
Borrower or any of its Affiliates in which such Person is not prohibited hereby from engaging with any other Person. 

Section 7.10    Lender Credit Decision. Each Lender acknowledges that it has,
independently and without reliance upon the Administrative Agent or any other Lender and based on the financial statements prepared by the Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis
and decision to enter into this Agreement and the other Transaction Documents. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Transaction Documents. 

Section 7.11    Successor Administrative Agent. The Administrative Agent may resign at
any time by giving written notice thereof to the Lenders, the Funding Agents, each Qualifying Hedge Counterparty, the Verification Agent, the Paying Agent and the Borrower and the Administrative Agent may be removed at any time for cause by written
notice received by the 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Administrative Agent from the Majority Lenders. Upon any such resignation or removal, the Lenders shall have the right to appoint, on behalf of the Borrower and the Lenders, a successor
Administrative Agent. If no successor Administrative Agent shall have been so appointed by the Lenders and shall have accepted such appointment within thirty (30) days after the exiting Administrative Agent’s giving notice of resignation
or receipt of notice of removal, then the exiting Administrative Agent may appoint, on behalf of the Borrower and the Lenders, a successor Administrative Agent (but only if such successor is reasonably acceptable to each Lender) or petition a court
of competent jurisdiction to appoint a successor Administrative Agent. Upon the acceptance of any appointment as the Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to
and become vested with all the rights, powers, privileges and duties of the exiting Administrative Agent, and the exiting Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Transaction Documents.
After any exiting Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Article VII shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting
as the Administrative Agent hereunder and under the other Transaction Documents. 

Section 7.12    Transaction Documents; Further Assurances. (A) Each Non-Conduit Lender, each Funding Agent and each Qualifying Hedge Counterparty authorizes the Administrative Agent to enter into each of the Transaction Documents to which it is a party and each Lender, each Funding
Agent and each Qualifying Hedge Counterparty authorizes the Administrative Agent to take all action contemplated by such documents in its capacity as Administrative Agent. Each Lender, each Funding Agent and each Qualifying Hedge Counterparty agrees
that no Lender, no Funding Agent and no Qualifying Hedge Counterparty, respectively, shall have the right individually to seek to realize upon the security granted by any Transaction Document, it being understood and agreed that such rights and
remedies may be exercised solely by the Administrative Agent for the benefit of the Lenders, the Funding Agents and each Qualifying Hedge Counterparty upon the terms of the Transaction Documents. 

(B)    Any Funding Agent may (in their sole discretion and expense), at any time, have their Advances rated by
Moody’s, S&P, DBRS, Inc., A.M. Best or Kroll Bond Rating Agency, Inc. Any such rating shall not be a condition precedent to closing the credit facility or the making of the Advances as set forth in this Agreement. The Borrower, Sunnova
Management, and the Parent shall provide reasonable assistance to obtain such rating. For the avoidance of doubt, any such rating shall not be a condition precedent to the exercise of any rights of the Borrower or Sunnova Management under this
Agreement. Any costs or fees associated with the rating of the Advances shall be borne by the Funding Agent and the Lenders. 

Section 7.13    Collateral Review. (A) Prior to the occurrence of an Event of
Default, the Administrative Agent and/or its designated agent may not more than one (1) time during any given twelve (12) month period (at the expense of the Borrower), upon reasonable notice, perform (i) reviews of the Facility
Administrator’s and/or Borrower’s business operations and (ii) audits of the Collateral, in all cases, the scope of which shall be determined by the Administrative Agent. 

(B)    After the occurrence of and during the continuance of an Event of Default, the Administrative Agent or its
designated agent may, in its sole discretion regarding frequency (at the expense of the Borrower), upon reasonable notice, perform (i) reviews of the Facility Administrator’s and/or Borrower’s business operations and (ii) audits
or any other review of the Collateral, in all cases, the scope of which shall be determined by the Administrative Agent. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Section 7.14    Funding Agent Appointment;
Nature of Relationship. Each Funding Agent is appointed by the Lenders in its Lender Group as their agent hereunder, and such Lenders irrevocably authorize such Funding Agent to act as the contractual representative of such Lenders with the
rights and duties expressly set forth herein and in the other Transaction Documents. Each Funding Agent agrees to act as such contractual representative upon the express conditions contained in this Article VII. Notwithstanding the use of the
defined term “Administrative Agent,” it is expressly understood and agreed that no Funding Agent shall have any fiduciary responsibilities to any Lender by reason of this Agreement and that each Funding Agent is merely acting as the
representative of the Lenders in its Lender Group with only those duties as are expressly set forth in this Agreement and the other Transaction Documents. In its capacity as the related Lenders’ contractual representative, each Funding Agent
(A) does not assume any fiduciary duties to any of the Lenders, (B) is a “representative” of the Lenders in its Lender Group within the meaning of Section 9-102 of the UCC as in effect
in the State of New York and (C) is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this Agreement and the other Transaction Documents. Each of the Lenders agrees to assert no
claim against their Funding Agent on any agency theory or any other theory of liability for breach of fiduciary duty, all of which claims each Lender waives. 

Section 7.15    Funding Agent Powers. Each Funding Agent shall have and may exercise such
powers under the Transaction Documents as are specifically delegated to such Funding Agent by the terms thereof, together with such powers as are reasonably incidental thereto. No Funding Agent shall have any implied duties or fiduciary duties to
the Lenders in its Lender Group, or any obligation to such Lenders to take any action hereunder or under any of the other Transaction Documents except any action specifically provided by the Transaction Documents required to be taken by such Funding
Agent. 
 Section 7.16    Funding Agent General Immunity. Neither any Funding Agent nor
any of its directors, officers, agents or employees shall be liable to the Borrower, the Lenders or any Lender for any action taken or omitted to be taken by it or them hereunder or under any other Transaction Document or in connection herewith or
therewith except to the extent such action or inaction is found in a final non-appealable judgment by a court of competent jurisdiction to have arisen solely from (A) the gross negligence or willful
misconduct of such Person or (B) breach of contract by such Person with respect to the Transaction Documents. 

Section 7.17    Funding Agent Responsibility for Advances, Creditworthiness, Collateral,
Recitals, Etc. Neither any Funding Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into, or verify (A) any statement, warranty or representation made in
connection with any Transaction Document or any borrowing hereunder, (B) the performance or observance of any of the covenants or agreements of any obligor under any Transaction Document, (C) the satisfaction of any condition specified in
Article III, except receipt of items required to be delivered solely to the Administrative Agent, (D) the existence or possible existence of any Potential Default, Event of Default, Potential Amortization Event or Amortization Event, or
(E) the validity, effectiveness or genuineness of any Transaction Document or any other instrument or writing furnished in connection therewith. No Funding 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Agent shall be responsible to any Lender for any recitals, statements, representations or warranties herein or in any of the other Transaction Documents, for the perfection or priority of any of
the Liens on any of the Collateral, or for the execution, effectiveness, genuineness, validity, legality, enforceability, collectability, or sufficiency of this Agreement or any of the other Transaction Documents or the transactions contemplated
thereby, or for the financial condition of any guarantor of any or all of the Obligations, the Borrower or any of their respective Affiliates. 

Section 7.18    Funding Agent Action on Instructions of Lenders. Each Funding Agent shall
in all cases be fully protected in acting, or in refraining from acting, hereunder and under any other Transaction Document in accordance with written instructions signed by each of the Lenders in its Lender Group, and such instructions and any
action taken or failure to act pursuant thereto shall be binding on all of such Lenders. Each Funding Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Transaction Document unless it shall first
be indemnified to its satisfaction by the Lenders in its Lender Group pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action. 

Section 7.19    Funding Agent Employment of Agents and Counsel. Each Funding Agent may
execute any of its duties as a Funding Agent hereunder by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Lenders in its Lender
Group, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it
with reasonable care. Each Funding Agent, at the expense of the Non-Conduit Lenders, shall be entitled to advice of counsel concerning the contractual arrangement between such Funding Agent and the Lenders in
its Lender Group and all matters pertaining to such Funding Agent’s duties hereunder and under any other Transaction Document. 

Section 7.20    Funding Agent Reliance on Documents; Counsel. Each Funding Agent shall be
entitled to rely upon any Loan Note, notice, consent, certificate, affidavit, letter, telegram, statement, paper or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and, in respect to
legal matters, upon the opinion of counsel selected by such Funding Agent, which counsel may be employees of such Funding Agent. 

Section 7.21    Funding Agent’s Reimbursement and Indemnification. The
Non-Conduit Lenders in each Lender Group agree to reimburse and indemnify (on a pro rata basis based upon the applicable Lender Group Percentages) the Funding Agent in their Lender Group (A) for any
amounts not reimbursed by the Borrower for which such Funding Agent is entitled to reimbursement by the Borrower under the Transaction Documents, (B) for any other reasonable and documented expenses incurred by such Funding Agent on behalf of
the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Transaction Documents, and (C) for any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against such Funding Agent in any way relating to or arising out of the Transaction Documents or any other document delivered in connection therewith
or the transactions contemplated thereby, or the enforcement of any of the terms thereof or of any such other documents, provided, that no Lender shall be liable for any of the foregoing to the extent any of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to have arisen solely from the gross negligence or willful misconduct of such Funding Agent. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Section 7.22    Funding Agent Rights as a
Lender. With respect to its Commitment and Advances made by it and the Loan Notes (if any) issued to it, in its capacity as a Lender, each Funding Agent shall have the same rights and powers hereunder and under any other Transaction Document as
any Lender and may exercise the same as though it were not the Administrative Agent, and the term “Lender” or “Lenders,” as applicable, shall, unless the context otherwise indicates, include such Funding Agent in its individual
capacity. Each Funding Agent may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Transaction Document, with the
Borrower or any of their Affiliates in which such Person is not prohibited hereby from engaging with any other Person. 

Section 7.23    Funding Agent Lender Credit Decision. Each Lender acknowledges that it
has, independently and without reliance upon its Funding Agent or any other Lender and based on the financial statements prepared by the Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement and the other Transaction Documents. Each Lender also acknowledges that it will, independently and without reliance upon its Funding Agent or any other Lender and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Transaction Documents. 

Section 7.24    Funding Agent Successor Funding Agent. Any Funding Agent may resign at
any time by giving written notice thereof to the Lenders in its Lender Group, the Administrative Agent and the Borrower, and such Funding Agent may be removed at any time for cause by written notice received by the Lenders in its Lender Group. Upon
any such resignation or removal, the Lenders in a Lender Group shall have the right to appoint a successor Funding Agent. If no successor Funding Agent shall have been so appointed by such Lenders and shall have accepted such appointment within
thirty 30 days after the exiting Funding Agent’s giving notice of resignation or receipt of notice of removal, then the exiting Funding Agent may appoint, on behalf of the Lenders in its Lender Group, a successor Funding Agent (but only if such
successor is reasonably acceptable to each such Lender) or petition a court of competent jurisdiction to appoint a successor Funding Agent. Upon the acceptance of any appointment as a Funding Agent hereunder by a successor Funding Agent, such
successor Funding Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the exiting Funding Agent, and the exiting Funding Agent shall be discharged from its duties and obligations hereunder and
under the other Transaction Documents. After any exiting Funding Agent’s resignation hereunder as Funding Agent, the provisions of this Article VII shall continue in effect for its benefit in respect of any actions taken or omitted to be taken
by it while it was acting as the Funding Agent hereunder and under the other Transaction Documents. Notwithstanding any provision in this Section 7.24 to the contrary, any Funding Agent that has provided notice of its resignation or has been
provided notice of its removal shall be required to serve as Funding Agent until its successor has assumed such role. 

Section 7.25    Funding Agent Transaction Documents; Further Assurances. Each Lender
authorizes the Funding Agent in its Lender Group to enter into each of the Transaction Documents to which it is a party and each Lender authorizes the Funding Agent in its Lender Group to take all action contemplated by such documents in its
capacity as Funding Agent. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 ARTICLE VIII 

ADMINISTRATION AND SERVICING OF THE COLLATERAL

 Section 8.1    Management Agreements/Servicing Agreements/Facility Administration
Agreement . 
 (A)    Each Management Agreement, duly executed counterparts of which have been delivered to
the Administrative Agent, sets forth the covenants and obligations of the Manager with respect to the Solar Assets and other matters addressed in the Management Agreements, and reference is hereby made to the Management Agreements for a detailed
statement of said covenants and obligations of the Manager thereunder. The Borrower shall cause the Manager (to the extent an Affiliate of the Borrower) and each Relevant Party that is party to a Management Agreement to (i) perform and observe
all of the material terms, covenants and conditions of each Management Agreement and (ii) promptly notify the Administrative Agent of any notice to Borrower, Managing Member or SAP II of any material default under any Management Agreement. 

(B)    Each Servicing Agreement, duly executed counterparts of which have been delivered to the Administrative Agent, sets
forth the covenants and obligations of the Manager with respect to the Solar Assets and other matters addressed in the Servicing Agreement, and reference is hereby made to the Servicing Agreements for a detailed statement of said covenants and
obligations of the Manager thereunder. The Borrower shall cause the Manager (to the extent an Affiliate of the Borrower) and each Relevant Party that is party to a Servicing Agreement to (i) perform and observe all of the material terms,
covenants and conditions of each Servicing Agreement and (ii) promptly notify the Administrative Agent of any notice to Borrower, Managing Member or SAP II of any material default under any Servicing Agreement. 

(C)    The Facility Administration Agreement, duly executed counterparts of which have been delivered to the
Administrative Agent, sets forth the covenants and obligations of the Facility Administrator with respect to the Collateral and other matters addressed in the Facility Administration Agreement, and reference is hereby made to the Facility
Administration Agreement for a detailed statement of said covenants and obligations of the Facility Administrator thereunder. The Borrower agrees that (i) the Administrative Agent, in its name or (to the extent required by law) in the name of
the Borrower, may (but is not, unless so directed and indemnified by the Majority Lenders, required to) enforce all rights of the Borrower under the Facility Administration Agreement for and on behalf of the Lenders whether or not an Event of
Default has occurred and is continuing and (ii) upon the occurrence and during the continuation of an Event of Default, the Majority Class B Lenders may request that the Administrative Agent, in the Administrative Agent’s name or (to
the extent required by law) in the name of the Borrower, and the Administrative Agent may (but is not required to) enforce all rights of such Borrower under the Facility Administration Agreement for an on behalf of the Lenders. 

(D)    Promptly following a request from the Administrative Agent (acting at the direction of the Majority Lenders or,
upon the occurrence and during the continuation of an Event of Default, 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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the Majority Class B Lenders) to do so, the Borrower shall take all such lawful action as the Administrative Agent may request to compel or secure the performance and observance by the
Facility Administrator of each of its obligations to the Borrower and with respect to the Collateral under or in connection with the Facility Administration Agreement in accordance with the terms thereof, and in effecting such request shall exercise
any and all rights, remedies, powers and privileges lawfully available to the Borrower under or in connection with the Facility Administration Agreement to the extent and in the manner directed by the Administrative Agent, including the transmission
of notices of default on the part of the Facility Administrator thereunder and the institution of legal or administrative actions or proceedings to compel or secure performance by the Facility Administrator of each of its obligations under the
Facility Administration Agreement. 
 (E)    The Borrower shall not waive any default by the Facility Administrator
under the Facility Administration Agreement without the written consent of the Administrative Agent, the Majority Lenders and the Majority Class B Lenders (consent by the Majority Class B Lenders to not be unreasonably withheld,
conditioned or delayed if otherwise approved by the Majority Lenders; provided that if the Majority Class B Lenders have not affirmatively disapproved such waiver in writing within five (5) Business Days of receiving notice of such
waiver and the Majority Lenders have otherwise approved such waiver, such waiver shall be deemed approved). 

(F)    The Administrative Agent does not assume any duty or obligation of the Borrower under the Facility Administration
Agreement and the rights given to the Administrative Agent thereunder are subject to the provisions of Article VII. 

(G)    The Borrower has not and will not provide any payment instructions to any of the Managing Member, SAP II or a
Financing Fund that are inconsistent with the Facility Administration Agreement or this Agreement. 
 (H)    With
respect to the Facility Administrator’s obligations under Section 3.3 of the Facility Administration Agreement, the Administrative Agent shall not have any responsibility to the Borrower, the Facility Administrator or any party hereunder
to make any inquiry or investigation as to, and shall have no obligation in respect of, the terms of any engagement of an independent accountant by the Facility Administrator; provided that the Administrative Agent shall be authorized, upon
receipt of written direction from Facility Administrator directing the Administrative Agent, to execute any acknowledgment or other agreement with the independent accountant required for the Administrative Agent to receive any of the reports or
instructions provided for herein, which acknowledgment or agreement may include, among other things, (i) acknowledgement that the Facility Administrator has agreed that the procedures to be performed by the independent accountant are sufficient
for the Borrower’s purposes, (ii) acknowledgment that the Administrative Agent has agreed that the procedures to be performed by an independent accountant are sufficient for the Administrative Agent’s purposes and that the
Administrative Agent’s purposes is limited solely to receipt of the report, (iii) releases by the Administrative Agent (on behalf of itself and the Lenders) of claims against the independent accountant and acknowledgement of other
limitations of liability in favor of the independent accountant, and (iv) restrictions or prohibitions on the disclosure of information or documents provided to it by such firm of independent accountants (including to the Lenders).
Notwithstanding the foregoing, in no event shall the Administrative Agent be required to execute any agreement in respect of the 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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independent accountant that the Administrative Agent determines adversely affects it in its individual capacity or which is in a form that is not reasonably acceptable to the Administrative
Agent. 
 Section 8.2    Accounts. 

(A)    Establishment. The Borrower has established and shall maintain or cause to be maintained: 

(i)    for the benefit of the Secured Parties, in the name of the Borrower, at the Paying Agent, a
segregated non-interest bearing trust account (such account, as more fully described on Schedule II attached hereto, the “Collection Account”), bearing a designation clearly indicating
that the funds deposited therein are held for the benefit of the Borrower and the Secured Parties; 

(ii)    for the benefit of the Secured Parties, in the name of the Borrower, at the Paying Agent, a
segregated non-interest bearing trust account (such account, as more fully described on Schedule II attached hereto, being the “Supplemental Reserve Account”), bearing a designation
clearly indicating that the funds deposited therein as described below are held for the benefit of the Borrower and the Secured Parties; 

(iii)    for the benefit of the Secured Parties, in the name of the Borrower, at the Paying Agent, a
segregated non-interest bearing trust account (such account, as more fully described on Schedule II attached hereto, being the “Liquidity Reserve Account”), bearing a designation
clearly indicating that the funds deposited therein as described below are held for the benefit of the Borrower and the Secured Parties; 

(iv)    for the benefit of the Secured Parties, in the name of the Borrower, at the Paying Agent, a
segregated non-interest bearing trust account (such account, as more fully described on Schedule II attached hereto, being the “SAP II Revenue Account”), bearing a designation clearly
indicating that the funds deposited therein as described below are held for the benefit of the Borrower and the Secured Parties; and 

(v)    for the benefit of the Secured Parties, in the name of the Borrower, at the Paying Agent, a
segregated non-interest bearing trust account (such account, as more fully described on Schedule II attached hereto, being the “Takeout Transaction Account”, and together with the
Collection Account, the Supplemental Reserve Account, the Liquidity Reserve Account, the SAP II Revenue Account and the Takeout Transaction Account, each a “Paying Agent Account” and collectively the “Paying Agent
Accounts”), bearing a designation clearly indicating that the funds deposited therein as described below are held for the benefit of the Borrower and the Secured Parties. 

(B)    [Reserved]. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (C)    Deposits and Withdrawals from the Liquidity Reserve
Account. Deposits into, and withdrawals from, the Liquidity Reserve Account shall, subject to Section 2.7(D), be made in the following manner: 

(i)        On the Closing Date, the Borrower shall deliver to the Paying Agent for
deposit into the Liquidity Reserve Account, an amount equal to the Liquidity Reserve Account Required Balance as of such date; 

(ii)    From the proceeds of Advances hereunder, the Borrower shall deliver to the Paying Agent for deposit
into the Liquidity Reserve Account amounts necessary to maintain on deposit therein an amount equal to or in excess of the Liquidity Reserve Account Required Balance as of the date of each such Advance, and on each Payment Date, the Facility
Administrator shall direct the Paying Agent, based on the Facility Administrator Report, to deposit into the Liquidity Reserve Account from available Collections (as set forth and in the order of priority established pursuant to
Section 2.7(B)), funds in the amount required under Section 2.7(B), and the Borrower may, at its option, deposit additional funds into the Liquidity Reserve Account; 

(iii)    If on any Payment Date (without giving effect to any withdrawal from the Liquidity Reserve
Account) available funds on deposit in the Collection Account would be insufficient to make the payments due and payable on such Payment Date pursuant to Sections 2.7(B)(i) through (iii), the Facility Administrator shall direct the Paying Agent,
based on the Facility Administrator Report delivered pursuant to Section 3.1 of the Facility Administration Agreement, to withdraw from the Liquidity Reserve Account an amount equal to the lesser of such insufficiency and the amount on deposit
in the Liquidity Reserve Account and deposit such amount into the Collection Account and apply such amount to payments set forth in Sections 2.7(B)(i) through (iii); 

(iv)    Upon the occurrence of an Event of Default, the Administrative Agent (or the Facility Administrator
with the written consent of the Administrative Agent) shall cause the Paying Agent, by providing written direction to the Paying Agent, to withdraw all amounts on deposit in the Liquidity Reserve Account and deposit such amounts into the Collection
Account for distribution in accordance with Section 2.7(B); 
 (v)    On the earliest to occur of
(a) the Maturity Date, (b) an Amortization Event (other than an Event of Default) and (c) the date on which the outstanding balance of the Advances is reduced to zero, the Administrative Agent shall cause the Paying Agent, by
providing written direction to the Paying Agent, in the case of subclauses (a) and (b), and the Facility Administrator or the Borrower shall cause the Paying Agent, by providing written direction to the Paying Agent, in the case of subclause
(c), to withdraw all amounts on deposit in the Liquidity Reserve Account and deposit such amounts into the Collection Account to be paid in accordance with Section 2.7(B); 

(vi)    Unless an Event of Default or an Amortization Event has occurred and is continuing, on any Payment
Date, if, as set forth on the Facility Administrator Report, amounts on deposit in the Liquidity Reserve Account are greater than the Liquidity Reserve Account Required Balance (after giving effect to all other distributions and disbursements on
such Payment Date), the Facility Administrator shall direct the Paying Agent, based on the Facility Administrator Report, to withdraw funds in excess of the Liquidity Reserve Account Required Balance from the Liquidity Reserve Account and disburse
such amounts into the Borrower’s Account; and 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (vii)    On any Payment Date, if, as set forth on the
Facility Administrator Report, the amount of funds in the Liquidity Reserve Account and in the Collection Account is equal to or greater than the aggregate outstanding balance of Advances (whether or not then due and payable) and all other amounts
due and payable hereunder, then the Facility Administrator shall direct the Paying Agent, based on the Facility Administrator Report, to withdraw all funds from the Liquidity Reserve Account and deposit such amounts into the Collection Account to
pay all such amounts and the aggregate outstanding balance of all Advances (whether or not then due and payable). 
 Notwithstanding
anything in this Section 8.2(C) to the contrary, in lieu of or in substitution for moneys otherwise required to be deposited to the Liquidity Reserve Account, the Borrower (or the Facility Administrator on behalf of the Borrower) may deliver or
cause to be delivered to the Paying Agent a Letter of Credit; provided that any deposit into the Liquidity Reserve Account required to be made by the Borrower (or the Facility Administrator on behalf of the Borrower) after the replacement of
amounts on deposit in the Liquidity Reserve Account with a Letter of Credit shall be made by the Borrower (or the Facility Administrator on behalf of the Borrower) by way of cash deposits to the Liquidity Reserve Account as provided in
Section 2.7(B) or pursuant to the Borrower’s (or the Facility Administrator’s on behalf of the Borrower) causing an increase in the Letter of Credit or the delivery to the Paying Agent of an additional Letter of Credit. 

If at any time a Letter of Credit is held by the Paying Agent as an asset of the Liquidity Reserve Account, and if any withdrawals from the
Liquidity Reserve Account will be required under this Section 8.2(C) or otherwise, the Administrative Agent (or the Borrower with the written consent of the Administrative Agent) shall, no later than three (3) Business Days prior to the
applicable Payment Date or payment date, direct the Paying Agent in writing to draw on the Letter of Credit, which direction shall provide the required draw amount. The Administrative Agent (or the Borrower with the written consent of the
Administrative Agent) shall direct the Paying Agent to submit the drawing documents to the applicable Eligible Letter of Credit Bank no later than 5:00 P.M. (New York City time) on the second (2nd) Business Day after the Paying Agent receives such
direction. Upon the receipt of the proceeds of any such drawing, the Paying Agent shall deposit such proceeds into the Liquidity Reserve Account. Any (A) references in the Transaction Documents to amounts on deposit in the Liquidity Reserve
Account or amounts in or credited to the Liquidity Reserve Account shall include or be deemed to include the aggregate available amount of the Letters of Credit delivered to the Paying Agent pursuant to this Section 8.2(C), and (B) Letter
of Credit delivered by the Borrower (or the Facility Administrator on behalf of the Borrower) to the Paying Agent pursuant to this Section 8.2(C) shall be held as an asset of the Liquidity Reserve Account and valued for purposes of determining
the amount on deposit in the Liquidity Reserve Account at the amount as of any date then available to be drawn on such Letter of Credit. 

If at any time a Letter of Credit is held by the Paying Agent as an asset of the Liquidity Reserve Account, then: (i) if the Letter of
Credit is scheduled to expire by its terms and ten (10) days prior to the scheduled expiration date such Letter of Credit has not been extended or replaced, then the Borrower (or the Facility Administrator on behalf of the Borrower) or the
Administrative Agent shall on such tenth (10th) day prior to the scheduled expiration date notify the Paying Agent in writing of such failure to extend or replace the Letter of Credit, and the Paying Agent shall, submit the drawing documents
delivered to it by the Borrower (or the Facility Administrator on 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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behalf of the Borrower) or the Administrative Agent to the Eligible Letter of Credit Bank no later than 5:00 P.M. (New York City time) on the second (2nd) Business Day prior to the scheduled
expiration date and draw the full amount of such Letter of Credit and deposit the proceeds of such drawing into the Liquidity Reserve Account, and (ii) if the Borrower (or the Facility Administrator on behalf of the Borrower) or the
Administrative Agent notifies the Paying Agent in writing that the financial institution issuing the Letter of Credit ceases to be an Eligible Letter of Credit Bank or a Responsible Officer of the Paying Agent otherwise receives written notice that
the financial institution issuing the Letter of Credit ceases to be an Eligible Letter of Credit Bank, then the Paying Agent shall, no later than the second (2nd) Business Day after receipt of any such written notice by a Responsible Officer of the
Paying Agent submit the drawing documents delivered to it by the Borrower (or the Facility Administrator on behalf of the Borrower) or the Administrative Agent to draw the full amount of such Letter of Credit and deposit the proceeds of such drawing
into the Liquidity Reserve Account. 
 If at any time a Letter of Credit is held by the Paying Agent as an asset of the Liquidity Reserve
Account, the stated amount of the Letter of Credit may be reduced from time to time, to the extent of any reduction in the dollar amount of the Liquidity Reserve Account Required Balance. Each month upon receipt by the Paying Agent of the Facility
Administrator Report if such Facility Administrator Report shows a reduction in the Liquidity Reserve Account Required Balance, then the Borrower (or the Facility Administrator on behalf of the Borrower) or the Administrative Agent shall, prior to
the related Payment Date, direct the Paying Agent to send the Eligible Letter of Credit Bank a letter in the form provided in the Letter of Credit to reduce the stated amount of the Letter of Credit. The Borrower (or the Facility Administrator on
behalf of the Borrower) or the Administrative Agent shall ensure that the letter submitted shall provide for the reduction to be effective as of the close of business on the related Payment Date. The reduction shall be in the amount shown on the
Facility Administrator Report as the Liquidity Reserve Account “reductions” and the remaining stated amount of the Letter of Credit shall be equal to the Liquidity Reserve Account Required Balance “ending required amount” as
shown on the Facility Administrator Report. Any drawing on the Letter of Credit may be reimbursed by the Borrower only from amounts remitted to the Borrower pursuant to clauses (xvi) or (xvii) of Section 2.7(B) or clauses (v) or (vi)
of Section 2.7(C). 
 Notwithstanding the foregoing or any other provision to the contrary in this Agreement or any other Transaction
Document, in no event shall the Paying Agent be required to report, track, calculate or monitor the value, available amount or any other information regarding any Letter of Credit for any party hereto or beneficiary of or under the Liquidity Reserve
Account, except as expressly required pursuant to this Section 8.2(C). 
 (D)    Deposits and Withdrawals from
the Supplemental Reserve Account. Deposits into, and withdrawals from, the Supplemental Reserve Account shall, subject to Section 2.7(D), be made in the following manner: 

(i)    On each Payment Date, to the extent of Distributable Collections and in accordance with and subject
to the priority of payments set forth in Section 2.7(B), the Facility Administrator shall direct the Paying Agent, based on the Facility Administrator Report, to deposit into the Supplemental Reserve Account an amount equal to the Supplemental
Reserve Account Deposit until the amount on deposit equals the Supplemental Reserve Account Required Balance. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (ii)    On each Payment Date, the Facility Administrator
shall direct the Paying Agent, based on the Facility Administrator Report, to deposit into the Supplemental Reserve Account from available Collections (as set forth and in the order of priority established pursuant to Section 2.7(B)), funds in
the amount required under Section 2.7(B), if any, and the Borrower may, at its option, deposit additional funds into the Supplemental Reserve Account; 

(iii)    The Paying Agent shall release funds from the Supplemental Reserve Account to pay the following
amounts upon direction from the Facility Administrator set forth in an Officer’s Certificate (no more than once per calendar month) in the following order of priority: 

(a)    the costs (inclusive of labor costs) of replacement of any Inverter that no longer has the benefit
of a Manufacturer Warranty and for which (1) the Manager is not obligated under the related Management Agreement to cover the replacement costs of such Inverter (or if so obligated, has failed to pay such costs) and the related Financing Fund
has insufficient funds to pay replacement costs for such Inverter or (2) the Facility Administrator in its role as Manager has paid under the related Management Agreement; 

(b)    the amount of any deductible in connection with each claim paid by the Tax Loss Insurer under the
related Tax Loss Insurance Policy plus the amount of the difference, if any, between (1) the amount of a Tax Loss Indemnity and (2) the sum of the amount of proceeds of a Tax Loss Insurance Policy received by a Financing Fund, as loss
payee under such Tax Loss Insurance Policy with respect to the Tax Loss Indemnity and the amount of any deductible in connection therewith; and 

(c)    each Purchase Option Price when due and payable under the terms of a Financing Fund LLCA upon
exercise by the Managing Member of the related Purchase Option. 
 (iv)    Unless an Event of Default or
an Amortization Event has occurred and is continuing, on any Payment Date, if, as set forth on the Facility Administrator Report, amounts on deposit in the Supplemental Reserve Account are greater than the Supplemental Reserve Account Required
Balance (after giving effect to all other distributions and disbursements and all releases and withdrawals on such Payment Date), the Facility Administrator shall direct the Paying Agent, based on the Facility Administrator Report, to withdraw funds
in excess of the Supplemental Reserve Account Required Balance from the Supplemental Reserve Account and disburse such amounts into the Borrower’s Account; 

(v)    If on any Payment Date (after giving effect to any withdrawals from the Liquidity Reserve Account)
available funds on deposit in the Collection Account would be 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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insufficient to pay the interest payments or other amounts due and payable pursuant to Sections 2.7(B)(i) through (iii) on such Payment Date, the Facility Administrator shall direct the
Paying Agent, based on the Facility Administrator Report, to withdraw from the Supplemental Reserve Account an amount equal to the lesser of such insufficiency and the amount on deposit in the Supplemental Reserve Account and deposit such amount
into the Collection Account and apply such amount to payments set forth in Sections 2.7(B)(i) through (iii); and 

(vi)    If on any Payment Date, the Borrower has provided notice to the Administrative Agent that
(1) the Managing Member has irrevocably provided notice to the related Tax Equity Investor that it will not exercise the related Purchase Option or (2) the period in which such Purchase Option may be exercised under the related Financing
Fund LLCA has expired and cannot be extended, the Borrower may direct the Paying Agent, to withdraw from the Supplemental Reserve Account any amounts on deposit therein in respect of clause (ii)(a) of the definition of “Supplemental Reserve
Account Required Balance” and deposit such amounts into the Collection Account for application in accordance with Section 2.7; and 

(vii)    On the date on which the Aggregate Outstanding Advances are reduced to zero, the Administrative
Agent shall cause the Paying Agent, pursuant to a written direction, to withdraw all amounts on deposit in the Supplemental Reserve Account and deposit such amounts into the Collection Account to be paid in accordance with Section 2.7(B). 

Notwithstanding anything in this Section 8.2(D) to the contrary, in lieu of or in substitution for moneys otherwise required to be
deposited to the Supplemental Reserve Account, the Borrower (or the Facility Administrator on behalf of the Borrower) may deliver or cause to be delivered to the Paying Agent a Letter of Credit; provided that any deposit into the Supplemental
Reserve Account required to be made by the Borrower (or the Facility Administrator on behalf of the Borrower) after the replacement of amounts on deposit in the Supplemental Reserve Account with a Letter of Credit shall be made by the Borrower (or
the Facility Administrator on behalf of the Borrower) by way of cash deposits to the Supplemental Reserve Account as provided in Section 2.7(B) or pursuant to the Borrower’s (or the Facility Administrator’s on behalf of the Borrower)
causing an increase in the Letter of Credit or the delivery to the Paying Agent of an additional Letter of Credit. 
 If at any time a
Letter of Credit is held by the Paying Agent as an asset of the Supplemental Reserve Account, and if any withdrawals from the Supplemental Reserve Account will be required under this Section 8.2(D) or otherwise, the Administrative Agent (or the
Borrower with the written consent of the Administrative Agent) shall, no later than three (3) Business Days prior to the applicable Payment Date or payment date, direct the Paying Agent in writing to draw on the Letter of Credit, which
direction shall provide the required draw amount. The Administrative Agent (or the Borrower with the written consent of the Administrative Agent) shall direct the Paying Agent to submit the drawing documents to the applicable Eligible Letter of
Credit Bank no later than 5:00 P.M. (New York City time) on the second (2nd) Business Day after the Paying Agent receives such direction. Upon the receipt of the proceeds of any such drawing, the Paying Agent shall deposit such proceeds into the
Supplemental Reserve Account. Any (A) references in the 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Transaction Documents to amounts on deposit in the Supplemental Reserve Account or amounts in or credited to the Supplemental Reserve Account shall include or be deemed to include the aggregate
available amount of the Letters of Credit delivered to the Paying Agent pursuant to this Section 8.2(D), and (B) Letter of Credit delivered by the Borrower (or the Facility Administrator on behalf of the Borrower) to the Paying Agent
pursuant to this Section 8.2(D) shall be held as an asset of the Supplemental Reserve Account and valued for purposes of determining the amount on deposit in the Supplemental Reserve Account at the amount as of any date then available to be
drawn on such Letter of Credit. 
 If at any time a Letter of Credit is held by the Paying Agent as an asset of the Supplemental Reserve
Account, then: (i) if the Letter of Credit is scheduled to expire by its terms and ten (10) days prior to the scheduled expiration date such Letter of Credit has not been extended or replaced, then the Borrower (or the Facility
Administrator on behalf of the Borrower) or the Administrative Agent shall on such tenth (10th) day prior to the scheduled expiration date notify the Paying Agent in writing of such failure to extend or replace the Letter of Credit, and the Paying
Agent shall, submit the drawing documents delivered to it by the Borrower (or the Facility Administrator on behalf of the Borrower) or the Administrative Agent to the Eligible Letter of Credit Bank no later than 5:00 P.M. (New York City time) on the
second (2nd) Business Day prior to the scheduled expiration date and draw the full amount of such Letter of Credit and deposit the proceeds of such drawing into the Supplemental Reserve Account, and (ii) if the Borrower (or the Facility
Administrator on behalf of the Borrower) or the Administrative Agent notifies the Paying Agent in writing that the financial institution issuing the Letter of Credit ceases to be an Eligible Letter of Credit Bank or a Responsible Officer of the
Paying Agent otherwise receives written notice that the financial institution issuing the Letter of Credit ceases to be an Eligible Letter of Credit Bank, then the Paying Agent shall, no later than the second (2nd) Business Day after receipt of any
such written notice by a Responsible Officer of the Paying Agent submit the drawing documents delivered to it by the Borrower (or the Facility Administrator on behalf of the Borrower) or the Administrative Agent to draw the full amount of such
Letter of Credit and deposit the proceeds of such drawing into the Supplemental Reserve Account. 
 If at any time a Letter of Credit is
held by the Paying Agent as an asset of the Supplemental Reserve Account, the stated amount of the Letter of Credit may be reduced from time to time, to the extent of any reduction in the dollar amount of the Supplemental Reserve Account Required
Balance. Each month upon receipt by the Paying Agent of the Facility Administrator Report if such Facility Administrator Report shows a reduction in the Supplemental Reserve Account Required Balance, then the Borrower (or the Facility Administrator
on behalf of the Borrower) or the Administrative Agent shall, prior to the related Payment Date, direct the Paying Agent to send the Eligible Letter of Credit Bank a letter in the form provided in the Letter of Credit to reduce the stated amount of
the Letter of Credit. The Borrower (or the Facility Administrator on behalf of the Borrower) or the Administrative Agent shall ensure that the letter submitted shall provide for the reduction to be effective as of the close of business on the
related Payment Date. The reduction shall be in the amount shown on the Facility Administrator Report as the Supplemental Reserve Account “reductions” and the remaining stated amount of the Letter of Credit shall be equal to the
Supplemental Reserve Account Required Balance “ending required amount” as shown on the Facility Administrator Report. Any drawing on the Letter of Credit may be reimbursed by the Borrower only from amounts remitted to the Borrower pursuant
to clauses (xvi) or (xvii) of Section 2.7(B) or clauses (v) or (vi) of Section 2.7(C). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Notwithstanding the foregoing or any other provision to the contrary in this Agreement or
any other Transaction Document, in no event shall the Paying Agent be required to report, track, calculate or monitor the value, available amount or any other information regarding any Letter of Credit for any party hereto or beneficiary of or under
the Supplemental Reserve Account, except as expressly required pursuant to this Section 8.2(D). 

(E)    Deposits and Withdrawals from the SAP II Revenue Account. Deposits into the SAP II Revenue Account shall be
made consistent with Section 5.1(R). The Paying Agent shall withdraw all amounts on deposit in the SAP II Revenue Account in excess of $25,000 on the first Business Day of each calendar month and remit such amounts to the Collection Account.
The Manager shall be permitted to withdraw up to $25,000 in the aggregate during each Collection Period from the SAP II Revenue Account to pay Operational Amounts in accordance with the related SAP II Financing Documents. On the date on which the
Aggregate Outstanding Advances are reduced to zero, the Administrative Agent shall cause the Paying Agent, pursuant to a written direction, to withdraw all amounts on deposit in the SAP II Revenue and deposit such amounts into the Collection Account
to be paid in accordance with Section 2.7(B). 
 (F)    Paying Agent Account Control. (i) Each Paying
Agent Account shall be established and at all times maintained with the Paying Agent which shall act as a “securities intermediary” (as defined in Section 8-102 of the UCC) and a
“bank” (as defined in Section 9¬102 of the UCC) hereunder (in such capacities, the “Securities Intermediary”) with respect to each Paying Agent Account. The Paying Agent hereby confirms that, as of the Restatement Date,
the account numbers of each of the Paying Agent Accounts are as described on Schedule II attached hereto. 

(ii)    Each Paying Agent Account shall be a “securities account” as defined in Section 8-501 of the UCC and shall be maintained by the Paying Agent as a securities intermediary for and in the name of the Borrower, subject to the lien of the Administrative Agent, for the benefit of the
Secured Parties. The Paying Agent shall treat the Administrative Agent as the “entitlement holder” (within the meaning of Section 8-102(a)(7) of the UCC) in respect of all “financial
assets” (within the meaning of Section 8-102(a)(9) of the UCC) credited to the Paying Agent Accounts. 

(iii)    The Paying Agent hereby confirms and agrees that: 

(a)    the Paying Agent shall not change the name or account number of any Paying Agent Account without the
prior written consent of the Administrative Agent and the Borrower; 
 (b)    all securities or other
property underlying any financial assets (as hereinafter defined) credited to a Paying Agent Account shall be registered in the name of the Paying Agent, indorsed to the Paying Agent or indorsed in blank or credited to another securities account
maintained in the name of the Paying Agent, and in no case will any financial asset credited to a Paying Agent Account be registered in the name of the Borrower or any other Person, payable to the order of the Borrower or specially indorsed to the
Borrower or any other Person, except to the extent the foregoing have been specially indorsed to the Administrative Agent, for the benefit of the Secured Parties, or in blank; 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (c)    all property transferred or delivered to the
Paying Agent pursuant to this Agreement will be credited to the appropriate Borrower Account in accordance with the terms of this Agreement; 

(d)    each Paying Agent Account is an account to which financial assets are or may be credited, and the
Paying Agent shall, subject to the terms of this Agreement, treat each of the Borrower and the Facility Administrator as entitled to exercise the rights that comprise any financial asset credited to each such Paying Agent Account; and 

(e)    notwithstanding the intent of the parties hereto, to the extent that any Paying Agent Account shall
be determined to constitute a “deposit account” within the meaning of Section 9-102(a)(29) of the UCC, such Paying Agent Account shall be subject to the exclusive control of the Administrative
Agent, for the benefit of the Secured Parties, and the Paying Agent will comply with instructions originated by the Administrative Agent directing disposition of the funds in such Paying Agent Account, without further consent by the Borrower or the
Facility Administrator; provided that, notwithstanding the foregoing, the Administrative Agent hereby authorizes the Paying Agent to honor withdrawal, payment, transfer or other instructions directing disposition of the funds in the Collection
Account received from the Borrower or the Facility Administrator, on its behalf, pursuant to Section 2.7 or this Section 8.2. 

(iv)    The Paying Agent hereby agrees that each item of property (including, without limitation, any
investment property, financial asset, security, instrument or cash) credited to any Paying Agent Account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the
UCC. 
 (v)    If at any time the Paying Agent shall receive an “entitlement order” (as defined
in Section 8-102(a)(8) of the UCC) (an “Entitlement Order”) from the Administrative Agent (i.e., an order directing a transfer or redemption of any financial asset in any Paying Agent
Account), or any “instruction” (within the meaning of Section 9-104 of the UCC), originated by the Administrative Agent, the Paying Agent shall comply with such Entitlement Order or instruction
without further consent by the Borrower, the Facility Administrator or any other Person. Neither the Facility Administrator nor the Borrower shall make any withdrawals from any Paying Agent Account, except pursuant to Section 2.7 or this
Section 8.2. 
 (vi)    In the event that the Paying Agent has or subsequently obtains by agreement,
by operation of law or otherwise a security interest in any Paying Agent Account or any financial assets, funds, cash or other property credited thereto or any security entitlement with respect thereto, the Paying Agent hereby agrees that such
security interest shall be subordinate to the security interest of the Administrative Agent, for the benefit of the Secured Parties. Notwithstanding the preceding sentence, the financial assets, funds, cash or other property credited to any Paying
Agent Account will not be subject to deduction, set-off, banker’s lien, or any other right in favor of any Person other than the Administrative Agent, for the benefit of the Secured Parties (except that
the Paying 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Agent may set-off (i) all amounts due to the Paying Agent in its capacity as securities intermediary in respect of customary fees and expenses for the
routine maintenance and operation of the Paying Agent Accounts, and (ii) the face amount of any checks that have been credited to the Paying Agent Accounts but are subsequently returned unpaid because of uncollected or insufficient funds). 

(vii)    Regardless of any provision in any other agreement, for purposes of the UCC, New York shall be
deemed to be the “bank’s jurisdiction” (within the meaning of Section 9-304 of the UCC) and the “security intermediary’s jurisdiction” (within the meaning of Section 8-110 of the UCC). 
 (viii)    If, at any time, the
Paying Agent resigns, is removed hereunder or ceases to meet the eligibility requirements of an Eligible Institution, the Facility Administrator, for the benefit of the Administrative Agent and the Lenders, shall within thirty (30) days
establish a new Collection Account, Supplemental Reserve Account, Liquidity Reserve Account, the SAP II Revenue Account, and Takeout Transaction Account meeting the conditions specified above with an Eligible Institution reasonably acceptable to the
Administrative Agent and transfer any cash and/or any investments held therein or with respect thereto to such new Collection Account, Supplemental Reserve Account, Liquidity Reserve Account, SAP II Revenue Account, or Takeout Transaction Account,
as applicable. From the date such new Collection Account, Supplemental Reserve Account, Liquidity Reserve Account, SAP II Revenue Account, or Takeout Transaction Account is established, it shall be the “Collection Account,”
“Supplemental Reserve Account,” “Liquidity Reserve Account,” “SAP II Revenue Account,” or “Takeout Transaction Account” hereunder, as applicable. 

(G)    Permitted Investments. Prior to an Event of Default, the Facility Administrator (and after an Event of
Default, the Administrative Agent) may direct each banking institution at which the Collection Account, the Liquidity Reserve Account, Supplemental Reserve Account, SAP II Revenue Account, or Takeout Transaction Account shall be established, in
writing, to invest the funds held in such accounts in one or more Permitted Investments. Absent such written direction, such funds shall remain uninvested. All investments of funds on deposit in the Collection Account, the Liquidity Reserve Account,
Supplemental Reserve Account, SAP II Revenue Account, or Takeout Transaction Account shall be uninvested so that such funds will be available on the Business Day immediately preceding the date on which the funds are to be disbursed from such
account, unless otherwise expressly set forth herein. All interest derived from such Permitted Investments shall be deemed to be “investment proceeds” and shall be deposited into such account to be distributed in accordance with the
requirements hereof. The taxpayer identification number associated with the Collection Account, the Liquidity Reserve Account, Supplemental Reserve Account, SAP II Revenue Account, and Takeout Transaction Account shall be that of the Borrower, and
the Borrower shall report for federal, state and local income tax purposes the income, if any, earned on funds in such accounts. 

Section 8.3    Adjustments. If the Facility Administrator makes a mistake with respect to
the amount of any Collection or payment and deposits, pays or causes to be deposited or paid, an amount that is less than or more than the actual amount thereof, the Facility Administrator shall appropriately adjust the amounts subsequently
deposited into the applicable account or paid out to reflect such mistake for the date of such adjustment. Any Eligible Solar Asset in respect of which a dishonored check is received shall be deemed not to have been paid. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 ARTICLE IX 

THE PAYING AGENT 

Section 9.1    Appointment. The appointment of Wells Fargo Bank, National Association is
hereby confirmed by the other parties hereto (other than the Verification Agent) as Paying Agent, and accepts such appointment subject to the terms of this Agreement. 

Section 9.2    Representations and Warranties. The Paying Agent represents to the other
parties hereto as follows: 
 (A)    Organization; Corporate Powers. The Paying Agent is duly incorporated and
validly existing under the laws of the jurisdiction of its incorporation and has all requisite power and authority to conduct its business, to own its property and to execute, deliver and perform all of its obligations under this Agreement, and no
license, permit, consent or approval, is required to be obtained, effective or given by the Paying Agent to enable it to perform its obligations hereunder. 

(B)    Authority. The execution, delivery and performance by the Paying Agent of this Agreement have been duly
authorized by all necessary action on the part of the Paying Agent. 
 (C)    Enforcement. This Agreement
constitutes the legal, valid and binding obligation of the Paying Agent, enforceable against the Paying Agent in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency or similar laws affecting the enforcement
of creditors’ rights generally and general principles of equity, regardless of whether such enforcement is sought at equity or at law. 

(D)    No Conflict. The Paying Agent is not in violation of any law, rule, or regulation governing the banking or
trust powers of the Paying Agent applicable to it or any indenture, lease, loan or other agreement to which the Paying Agent is a party or by which it or its assets may be bound or affected, except for such laws, rules or regulations or indentures,
leases, loans or other agreements the violation of which would not have a material adverse effect on the Paying Agent’s abilities to perform its obligations in accordance with the terms of this Agreement. 

Section 9.3    Limitation of Liability of the Paying Agent. Notwithstanding anything
contained herein to the contrary, this Agreement has been executed by Wells Fargo Bank, National Association, not in its individual capacity, but solely as the Paying Agent, and in no event shall Wells Fargo Bank, National Association have any
liability for the representations, warranties, covenants, agreements or other obligations of the other parties hereto or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to
the assets of the party responsible therefor. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Section 9.4    Certain Matters Affecting
the Paying Agent. Notwithstanding anything herein to the contrary: 
 (A)    The Paying Agent undertakes to perform
such duties and only such duties as are specifically set forth in this Agreement. The Paying Agent shall not have any duties or responsibilities except those expressly set forth in this Agreement. 

(B)    The Paying Agent shall not be subject to any fiduciary or other implied duties, obligations or covenants regardless
of whether an Event of Default has occurred and is continuing. 
 (C)    The Paying Agent shall not be liable for any
action taken or any error of judgment made in good faith by an officer or officers of the Paying Agent, unless it shall be conclusively determined by the final judgment of a court of competent jurisdiction not subject to appeal or review that the
Paying Agent was grossly negligent or acted with willful misconduct in ascertaining the pertinent facts. 
 (D)    The
Paying Agent shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with any direction given or certificate or other document delivered to the Paying Agent under this Agreement or any other
Transaction Document. 
 (E)    None of the provisions of this Agreement or any other Transaction Document shall require
the Paying Agent to expend or risk its own funds or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds
for believing that repayment of such funds or indemnity satisfactory to it against such risk or liability is not assured to it. 

(F)    The Paying Agent may conclusively rely and shall be fully protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties, and shall be
under no obligation to inquire as to the adequacy, content, accuracy or sufficiency of any such information or be under any obligation to make any calculation (or re-calculation), certification, or
verification in respect of any such information and shall not be liable for any loss that may be occasioned thereby. The Paying Agent may also, but shall not be required to, rely upon any statement made to it orally or by telephone and believed by
it to have been made by the proper person, and shall not incur any liability for relying thereon. 
 (G)    Whenever in
the administration of the provisions of this Agreement or any other Transaction Document the Paying Agent shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action to be taken hereunder, such
matter may, in the absence of gross negligence, willful misconduct or bad faith on the part of the Paying Agent, be deemed to be conclusively proved and established by a certificate delivered to the Paying Agent hereunder, and such certificate, in
the absence of gross negligence, willful misconduct or bad faith on the part of the Paying Agent, shall be full warrant to the Paying Agent for any action taken, suffered or omitted by it under the provisions of this Agreement or any other
Transaction Document. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (H)    The Paying Agent, at the expense of the Borrower, may consult
with counsel, and the advice or any opinion of counsel shall be full and complete authorization and protection in respect of any action taken or omitted by it hereunder in good faith and in accordance with such advice or opinion of counsel; provided
however that such costs of counsel are reasonable and documented. Before the Paying Agent acts or refrains from acting hereunder, it may require and shall be entitled to receive an Officer’s Certificate and/or an opinion of counsel, the costs
of which (including the Paying Agent’s reasonable and documented attorney’s fees and expenses) shall be paid by the party requesting that the Paying Agent act or refrain from acting. The Paying Agent shall not be liable for any action it
takes or omits to take in good faith in reliance on such Officer’s Certificate or opinion of counsel. 
 (I)    The
Paying Agent shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, entitlement order, approval or other paper or document. 

(J)    Except as provided expressly in Section 8.2(G) hereof, the Paying Agent shall have no obligation to invest and
reinvest any cash held in any of the accounts hereunder in the absence of a timely and specific written investment direction pursuant to the terms of this Agreement. In no event shall the Paying Agent be liable for the selection of investments or
for investment losses incurred thereon. The Paying Agent shall have no liability in respect of losses incurred as a result of the liquidation of any investment prior to its stated maturity or the failure of another party to timely provide a written
investment direction pursuant to the terms of this Agreement. Investments in any Permitted Investments are not obligations or recommendations of, or endorsed or guaranteed by, the Paying Agent or its Affiliates. The Paying Agent and its Affiliates
may provide various services for Permitted Investments and may be paid fees for such services. Each party hereto understands and agrees that proceeds of the sale of investments of the funds in any account maintained with the Paying Agent will be
deposited by the Paying Agent into the applicable accounts on the Business Day on which the Paying Agent receives appropriate instructions hereunder, if such instructions received by the Paying Agent prior to the deadline for same day sale of such
investments. If the Paying Agent receives such instructions after the applicable deadline for the sale of such investments, such proceeds will be deposited by the Paying Agent into the applicable account on the next succeeding Business Day. The
parties hereto agree that notifications after the completion of purchases and sales of investments shall not be provided by the Paying Agent hereunder, and the Paying Agent shall make available, upon request and in lieu of notifications, periodic
account statements that reflect such investment activity. No statement shall be made available if no investment activity has occurred during such period. 

(K)    The Paying Agent may execute any of the trusts or powers hereunder or perform any duties hereunder either directly
or by or through agents, attorneys, custodians or nominees appointed with due care, and shall not be responsible for any action or omission on the part of any agent, attorney, custodian or nominee so appointed. 

(L)    Any corporation or entity into which the Paying Agent may be merged or converted or with which it may be
consolidated, or any corporation or entity resulting from any merger, 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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conversion or consolidation to which the Paying Agent shall be a party, or any corporation or entity succeeding to the business of the Paying Agent shall be the successor of the Paying Agent
hereunder without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto except where an instrument of transfer or assignment is required by law to effect such succession, anything
herein to the contrary notwithstanding. 
 (M)    In no event shall the Paying Agent be liable for punitive, special,
indirect or consequential loss or damage of any kind whatsoever (including lost profits), even if the Paying Agent has been advised of such loss or damage and regardless of the form of action. 

(N)    In no event shall the Paying Agent be liable for any failure or delay in the performance of its obligations under
this Agreement or any related documents because of circumstances beyond the Paying Agent’s control, including a failure, termination, or suspension of a clearing house, securities depositary, settlement system or central payment system in any
applicable part of the world or acts of God, flood, war (whether declared or undeclared), civil or military disturbances or hostilities, nuclear or natural catastrophes, political unrest, explosion, severe weather or accident, earthquake, terrorism,
fire, riot, labor disturbances, strikes or work stoppages for any reason, embargo, government action, including any laws, ordinances, regulations or the like (whether domestic, federal, state, county or municipal or foreign) which delay, restrict or
prohibit the providing of the services contemplated by this Agreement or any other Transaction Document or any related documents, or the unavailability of communications or computer facilities, the failure of equipment or interruption of
communications or computer facilities, or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility, or any other causes beyond the Paying Agent’s control whether or not of the same class or kind as
specified above. 
 (O)    Knowledge of the Paying Agent shall not be attributed or imputed to any affiliate, line of
business, or other division of Wells Fargo Bank, National Association (and vice versa). 
 (P)    The right of the
Paying Agent to perform any permissive or discretionary act enumerated in this Agreement or any other Transaction Document shall not be construed as a duty. 

(Q)    Absent gross negligence, bad faith or willful misconduct (in each case as conclusively determined by a court of
competent jurisdiction pursuant to a final order or verdict not subject to appeal) on the part of, Wells Fargo Bank, National Association in acting in each of its capacities under this Agreement and the related Transaction Documents shall not
constitute impermissible self-dealing or a conflict of interest, and the parties hereto hereby waive any conflict of interest presented by such service. Wells Fargo Bank, National Association may act as agent for, provide banking, custodial,
collateral agency, verification and other services to, and generally engage in any kind of business, with others to the same extent as if Wells Fargo Bank, National Association, were not a party hereto. Nothing in this Agreement or any other
Transaction Document shall in any way be deemed to restrict the right of Wells Fargo Bank, National Association to perform such services for any other person or entity, and the performance of such services for others will not, in and of itself, be
deemed to violate or give rise to any duty or obligation to any party hereto not specifically undertaken by Wells Fargo Bank, National Association hereunder or under any other Transaction Document. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (R)    The Paying Agent shall not be responsible for preparing or filing
any reports or returns relating to federal, state or local income taxes with respect to this Agreement or any other Transaction Document other than for the Paying Agent’s compensation. 

(S)    The Paying Agent shall not be deemed to have notice or knowledge of, or be required to act based on, any event or
information (including any Event of Default, Amortization Event or any other default and including the sending of any notice) unless a Responsible Officer of the Paying Agent has actual knowledge or shall have received written notice thereof. In the
absence of such actual knowledge or receipt of such notice, the Paying Agent may conclusively assume that none of such events have occurred and the Paying Agent shall not have any obligation or duty to determine whether any Event of Default,
Amortization Event or any other default has occurred. The delivery or availability of reports or other documents to the Paying Agent (including publicly available reports or documents) shall not constitute actual or constructive knowledge or notice
of information contained in or determinable from those reports or documents, except for such information provided to be delivered under this Agreement to the Paying Agent; and knowledge or information acquired by any Responsible Officer of the
Paying Agent in any of its respective capacities hereunder or under any other document related to this transaction, provided that the foregoing shall not relieve the Person acting as Paying Agent, as applicable, from its obligations to perform or
responsibility for the manner of performance of its duties in a separate capacity under the Transaction Documents. 

(T)    Except as otherwise provided in this Article IX: 

(i)    except as expressly required pursuant to the terms of this Agreement, the Paying Agent shall not be
required to make any initial or periodic examination of any documents or records for the purpose of establishing the presence or absence of defects, the compliance by the Borrower or any other Person with its representations and warranties or for
any other purpose except as expressly required pursuant to the terms of this Agreement; 

(ii)    whether or not therein expressly so provided, every provision of this Agreement relating to the
conduct or affecting the liability of or affording protection to the Paying Agent shall be subject to the provisions of this Article IX; 

(iii)    the Paying Agent shall not have any liability with respect to the acts or omissions of any other
Person, and may assume compliance by each of the other parties to the Transaction Documents with their obligations thereunder unless a Responsible Officer of the Paying Agent is notified of any such noncompliance in writing; 

(iv)    under no circumstances shall the Paying Agent be personally liable for any representation,
warranty, covenant, obligation or indebtedness of any other party to the Transaction Documents (other than Wells Fargo Bank, National Association in any of its capacities under the Transaction Documents); 

(v)    the Paying Agent shall not be held responsible or liable for or in respect of, and makes no
representation or warranty with respect to (A) any recording, filing or depositing of this Agreement or any agreement referred to herein or any financing 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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statement, continuation statement or amendments to a financing statement or continuation statement evidencing a security interest, or to see to the maintenance of any such recording or filing or
depositing or to any re-recording, refiling or redepositing of any thereof, or (B) the existence, genuineness, value or protection of any collateral, for the legality, enforceability, effectiveness or
sufficiency of the Transaction Documents or for the monitoring, creation, maintenance, enforceability, existence, status, validity, priority or perfection of any security interest, lien or collateral or the performance of any collateral; and 

(vi)    the Paying Agent shall not be required to take any action hereunder if it shall have reasonably
determined, or shall have been advised by its counsel, that such action is likely to result in liability on the part of the Paying Agent or is contrary to the terms hereof or any other Transaction Document to which it is a party or is not in
accordance with applicable laws. 
 (U)    It is expressly understood and agreed by the parties hereto that the Paying
Agent (i) has not provided nor will it provide in the future, any advice, counsel or opinion regarding the tax, financial, investment, securities law or insurance implications and consequences of the consummation, funding and ongoing
administration of this Agreement and the matters contemplated herein, including, but not limited to, income, gift and estate tax issues, and the initial and ongoing selection and monitoring of financing arrangements, (ii) has not made any
investigation as to the accuracy of any representations, warranties or other obligations of any other party to this Agreement or the other Transaction Documents or any other document or instrument and shall not have any liability in connection
therewith and (iii) has not prepared or verified, or shall be responsible or liable for, any information, disclosure or other statement in any disclosure or offering document delivered in connection with this Agreement or the other Transaction
Documents. 
 (V)    The recitals contained herein shall not be taken as the statements of the Paying Agent, and the
Paying Agent does not assume any responsibility for their correctness. The Paying Agent does not make any representation regarding the validity, sufficiency or enforceability of this Agreement or the other Transaction Documents or as to the
perfection or priority of any security interest therein, except as expressly set forth in Section 9.2(C). 

(W)    In the event that (i) the Paying Agent is unsure as to the application or interpretation of any provision of
this Agreement or any other Transaction Document, (ii) this Agreement is silent or is incomplete as to the course of action that the Paying Agent is required or permitted to take with respect to a particular set of facts, or (iii) more
than one methodology can be used to make any determination or calculation to be performed by the Paying Agent hereunder, then the Paying Agent may give written notice to the Administrative Agent requesting written instruction and, to the extent that
the Paying Agent acts or refrains from acting in good faith in accordance with any such written instruction, the Paying Agent shall not be personally liable to any Person. If the Paying Agent shall not have received such written instruction within
ten (10) calendar days of delivery of notice to the Administrative Agent (or within such shorter period of time as may reasonably be specified in such notice or as may be necessary under the circumstances) it may, but shall be under no duty to,
take or refrain from taking any action, and shall have no liability to any Person for such action or inaction. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (X)    The Paying Agent shall be under no obligation to exercise any of
the rights or powers vested in it by this Agreement or any other Transaction Document or to institute, conduct or defend any litigation hereunder or thereunder or in relation hereto or thereto at the request, order or direction of any of any Person,
unless such Person with the requisite authority shall have offered to the Paying Agent security or indemnity satisfactory to the Paying Agent against the costs, expenses and liabilities (including the reasonable and documented fees and expenses of
the Paying Agent’s counsel and agents) which may be incurred therein or thereby. 
 (Y)    The Paying Agent shall
have no duty (i) to maintain or monitor any insurance or (ii) to see to the payment or discharge of any tax, assessment, or other governmental charge or any lien or encumbrance of any kind owing with respect to, assessed or levied against,
any part of the Collateral. 
 (Z)    Notwithstanding anything to the contrary in this Agreement, the Paying Agent shall
not be required to take any action that is not in accordance with applicable law. 

Section 9.5    Indemnification. The Borrower and the Facility Administrator (for so long
as the Facility Administrator is an Affiliate of the Borrower) agree, jointly and severally, to reimburse and indemnify, defend and hold harmless the Paying Agent, in its individual and representative capacities, and its officers, directors, agents
and employees (collectively, the “Paying Agent Indemnified Parties”) against any and all fees, costs, damages, losses, suits, claims, judgments, liabilities, obligations, penalties, actions, expenses (including the reasonable and
documented fees and expenses of counsel and court costs) or disbursements of any kind and nature whatsoever, regardless of the merit, which may be imposed on, incurred by or demanded, claimed or asserted against any of them in any way directly or
indirectly relating to or arising out of or in connection with this Agreement or any other Transaction Document or any other document delivered in connection herewith or therewith or the transactions contemplated hereby or thereby, or the
enforcement of any of the terms hereof or thereof or of any such other documents, including in connection with any enforcement (including any action, claim or suit brought) by any Paying Agent Indemnified Party of its rights hereunder or thereunder
(including rights to indemnification), provided, that none of the Borrower or the Facility Administrator shall be liable for any of the foregoing to the extent arising from the gross negligence, willful misconduct or bad faith of the Paying
Agent, as determined by the final judgment of a court of competent jurisdiction, no longer subject to appeal or review. The provisions of this Section 9.5 shall survive the discharge, termination or assignment of this Agreement or any related
agreement or the earlier of the resignation or removal of the Paying Agent. This Section 9.5 shall not apply with respect to Taxes other than any Taxes that represent losses, liabilities, claims and damages arising from any non-Tax Proceeding. The Paying Agent Indemnified Parties’ reasonable and documented expenses are intended as expenses of administration. 

Section 9.6    Successor Paying Agent. The Paying Agent may resign at any time by giving
at least thirty (30) days’ prior written notice thereof to the other parties hereto; provided, that no such resignation shall become effective until a successor Paying Agent that is satisfactory to the Administrative Agent and, to
the extent no Event of Default or Amortization Event has occurred and is continuing, the Borrower, has been appointed hereunder. The Paying Agent may be removed at any time for cause by at least thirty (30) days’ prior written notice
received by the Paying Agent from the Administrative Agent. Upon any such resignation or removal, the 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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Administrative Agent shall have the right to appoint a successor Paying Agent that is satisfactory to the Borrower (unless an Event of Default or Amortization Event has occurred and is
continuing). If no successor Paying Agent shall have been so appointed and shall have accepted such appointment within thirty (30) days after the exiting Paying Agent’s giving notice of resignation or receipt of notice of removal, then the
exiting Paying Agent may, at the sole expense (including all fees, costs and expenses (including attorneys’ reasonable and documented fees and expenses) incurred in connection with such petition) of the Borrower, petition a court of competent
jurisdiction to appoint a successor Paying Agent. Upon the acceptance of any appointment as the Paying Agent hereunder by a successor Paying Agent, such successor Paying Agent shall thereupon succeed to and become vested with all the rights, powers,
privileges and duties of the exiting Paying Agent, and the exiting Paying Agent shall be discharged from its duties and obligations hereunder. After any exiting Paying Agent’s resignation hereunder, the provisions of this Article IX shall
continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as the Paying Agent hereunder. If the Paying Agent consolidates with, merges or converts into, or transfers or sells all or
substantially all its corporate trust business or assets to, another Person, the resulting, surviving or transferee Person without any further act shall be the successor Paying Agent. 

ARTICLE X 

MISCELLANEOUS 

Section 10.1    Survival. All representations and warranties made by the Borrower and the
Facility Administrator herein and all indemnification obligations of the Borrower and the Facility Administrator hereunder shall survive, and shall continue in full force and effect, after the making and the repayment of the Advances hereunder and
the termination of this Agreement. 
 Section 10.2    Amendments, Etc. (A) No
amendment to or waiver of any provision of this Agreement, nor consent to any departure therefrom by the parties hereto, shall in any event be effective unless the same shall be in writing and signed by the Administrative Agent, on behalf of the
Lenders and each Funding Agent, and the Borrower; provided that no such amendment or waiver shall (i) reduce the amount of or extend the maturity of any Advance or reduce the rate or extend the time of payment of interest thereon, or
reduce or alter the timing of any other amount payable to any Lender hereunder, including amending or modifying any of the definitions related to such terms, in each case without the consent of the Lenders affected thereby, (ii) reduce the
percentage specified in the definition of the Majority Class B Lenders without the written consent of all Class B Lenders, (iii) reduce the percentage specified in the definition of the Majority Lenders without the written consent of
all Lenders, (iv) amend, modify or waive any provision of Sections 7.14 through 7.25 hereof without the written consent of all Funding Agents, (v) modify or amend this Agreement in a manner that could reasonably be expected to materially
and adversely affect the Class B Lenders in a manner (economic or otherwise) disproportionate to the Class A Lenders, without the consent of the Class B Lenders, (vi) affect the rights or duties of the Paying Agent, Verification
Agent or Facility Administrator under this Agreement without the written consent of such Paying Agent, Verification Agent or Facility Administrator, respectively, or (vii) amend or modify any provision of Section 6.1 or Section 6.2
without the consent of all Lenders. The Borrower agrees to provide notice to each party hereto of any amendments to or waivers of any provision of this Agreement; provided that the Borrower shall provide the Conduit Lender with prompt written
notice of any amendment to any provision of this Agreement, prior to such amendment becoming effective. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 (B)    Notwithstanding the foregoing or any other provision of this
Agreement or any other Transaction Document to the contrary, the Administrative Agent, on behalf of the Lenders and each Funding Agent, and the Borrower may enter into an amendment hereto for the purpose of subdividing the Advances into separate
tranches or reallocating the outstanding principal balance of the Advances among the Class A Advances and the Class B Advances; provided, no such amendment may be executed without the consent of all Lenders affected thereby; provided
further, that such amendment shall be at the expense of the Lender or Lenders requesting such amendment and that none of the Borrower, Paying Agent or the Administrative Agent need enter into such amendment and no Lender need consent to such
amendment if it would have a Material Adverse Effect on the payments, economics or obligations of any such party. Subject to the preceding sentence, each of the Borrower and the Facility Administrator agree to cooperate in effecting any amendment
pursuant to this Section 10.2(B). 
 Section 10.3    Notices, Etc.. All notices
and other communications provided for hereunder shall be in writing and mailed or delivered by courier or facsimile: (A) if to the Borrower, to the Borrower, at its address at 20 Greenway Plaza, Suite 475, Houston, TX 77046. Attention: Chief
Financial Officer and Treasurer, Facsimile: (281) 985-9907, email address: treasury@sunnova.com; notices@sunnova.com; (B) if to the Facility Administrator, at its address at 20 Greenway Plaza, Suite 475,
Houston, TX 77046, Attention: Chief Financial Officer and Treasurer, Facsimile: (281) 985-9907, email address: treasury@sunnova.com; notices@sunnova.com; (C) if to the Administrative Agent, the CS Funding
Agent, the CS Non-Conduit Lender or the Class B Lender, at its address at Credit Suisse AG, New York Branch, 11 Madison Avenue, 4th Floor, New York, NY 10010; Conduit and Warehouse Financing (212) 538-2007; email address: list.afconduitreports@creditsuisse.com; bcp.monitoring@creditsuisse.com; (D) if to the CS Conduit Lender, at its address at GIFS Capital Company, LLC, 227 West
Monroe Street, Suite 4900, Chicago, Illinois 60606, Attention: Operations Department, E-mail: chioperations@guggenheimpartners.com; (E) if to the Paying Agent, at its address at 600 S. 4th Street, MAC N9300-061, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services – Asset-Backed Administration, E-mail: ctsabsservicer@wellsfargo.com; and (F) in the
case of any party, at such address or other address as shall be designated by such party in a written notice to each of the other parties hereto. Notwithstanding the foregoing, each Facility Administrator Report described in Section 5.1(B) and
the Borrowing Base Certificate described in Section 2.4 may be delivered by electronic mail; provided, that such electronic mail is sent by a Responsible Officer and each such Facility Administrator Report or the Borrowing Base Certificate is
accompanied by an electronic reproduction of the signature of a Responsible Officer of the Borrower. All such notices and communications shall be effective, upon receipt, provided, that notice by facsimile or email shall be effective upon electronic
or telephonic confirmation of receipt from the recipient. 
 Section 10.4    No Waiver;
Remedies. No failure on the part of the Administrative Agent or any Lender to exercise, and no delay in exercising, any right hereunder or under the Loan Notes shall operate as a waiver thereof; nor shall any single or partial exercise of any
such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Section 10.5    Indemnification. The
Borrower agrees to indemnify the Administrative Agent, the Paying Agent, the Successor Facility Administrator, the Verification Agent, each Lender, and their respective Related Parties (collectively, the “Indemnitees”) from and hold
each of them harmless against any and all losses, liabilities, claims, damages or expenses (including court costs and fees and expenses of counsel and of enforcing the Borrower’s indemnification obligations hereunder) to which such Indemnitee
may become subject arising out of, resulting from or in connection with any claim, litigation, investigation or proceeding (each, a “Proceeding” (including any Proceedings under environmental laws)) relating to the Transaction
Documents or any other agreement, document, instrument or transaction related thereto, the use of proceeds thereof and the transactions contemplated hereby, regardless of whether any Indemnitee is a party thereto and whether or not such Proceedings
are brought by the Borrower, its equity holders, affiliates, creditors or any other third party, and to reimburse each Indemnitee upon written demand therefor (together with reasonable back-up documentation
supporting such reimbursement request) for any reasonable and documented legal or other out-of-pocket expenses incurred in connection with investigating or defending any
of the foregoing of one law firm to all such Indemnitees, taken as a whole, and, in the case of a conflict of interest, of one additional counsel to the affected Indemnitee taken as a whole (and, if reasonably necessary, of one local counsel and/or
one regulatory counsel in any material relevant jurisdiction); provided, that the foregoing indemnity and reimbursement obligation will not, as to any Indemnitee, apply to (A) losses, claims, damages, liabilities or related expenses
(i) to the extent they are found in a final non-appealable judgment of a court of competent jurisdiction to arise from the willful misconduct, bad faith or gross negligence of, or with respect to
Indemnitees other than the Paying Agent or the Verification Agent, material breach of the Transaction Documents by, such Indemnitee or any of its affiliates or controlling persons or any of the officers, directors, employees, advisors or agents of
any of the foregoing or (ii) arising out of any claim, litigation, investigation or proceeding that does not involve an act or omission of the Borrower or any of their Affiliates and that is brought by such Indemnitee against another Indemnitee
(other than an Indemnitee acting in its capacity as Paying Agent, agent, arranger or any other similar role in connection with the Transaction Documents) or (B) any settlement entered into by such Indemnitee without the Borrower’s written
consent (such consent not to be unreasonably withheld or delayed). This Section 10.5 shall not apply with respect to Taxes other than any Taxes that represent losses, liabilities, claims and damages arising from any non-Tax Proceeding. The provisions of this Section 10.5 shall survive the discharge, termination or assignment of this Agreement or any related agreement or the earlier of the resignation or removal of the
Paying Agent or the Verification Agent. Notwithstanding anything to the contrary in this Section 10.5, the provisions of this Section shall be applied without prejudice to, and the provisions shall not have the effect of diminishing, the rights
of the Paying Agent and any Paying Agent Indemnified Parties under Section 9.5 of this Agreement or any other provision of any Transaction Document providing for the indemnification of any such Persons. 

Section 10.6    Costs, Expenses and Taxes. The Borrower agrees to pay all reasonable and
documented costs and expenses in connection with the preparation, execution, delivery, filing, recording, administration, modification, amendment or waiver of this Agreement, the Loan Notes and the other documents to be delivered hereunder,
including the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent and the Paying Agent with respect thereto and

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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with respect to advising the Administrative Agent and the Paying Agent as to their respective rights and responsibilities under this Agreement and the other Transaction Documents. The Borrower
further agrees to pay on demand all costs and expenses, if any (including reasonable and documented counsel fees and expenses) (A) in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this
Agreement, the Loan Notes and the other documents to be delivered hereunder and (B) incurred by the Administrative Agent or the Paying Agent in connection with the transactions described herein and in the other Transaction Documents, or any
potential Takeout Transaction, including in any case reasonable and documented counsel fees and expenses in connection with the enforcement of rights under this Section 10.6. Without limiting the foregoing, the Borrower acknowledges and agrees
that the Administrative Agent or its counsel may at any time after an Event of Default shall have occurred and be continuing, engage professional consultants selected by the Administrative Agent to conduct additional due diligence with respect to
the transactions contemplated hereby, including (A) review and independently assess the existing methodology employed by the Borrower in allocating Collections with respect to the Collateral, assess the reasonableness of the methodology for the
equitable allocation of those Collections and make any recommendations to amend the methodology, if appropriate, (B) review the financial forecasts submitted by the Borrower to the Administrative Agent and assess the reasonableness and
feasibility of those forecasts and make any recommendations based on that review, if appropriate, and (C) verify the asset base of the Borrower and the Borrower’s valuation of their assets, as well as certain matters related thereto. The
reasonable and documented fees and expenses of such professional consultants, in accordance with the provisions of this Section 10.6, shall be at the sole cost and expense of the Borrower. In addition, the Borrower shall pay any and all Other
Taxes and agrees to save the Administrative Agent, the Paying Agent and each Lender harmless from and against any and all liabilities with respect to or resulting from any delay in paying or omission to pay such Other Taxes. 

Section 10.7    Right of Set-off; Ratable Payments;
Relations Among Lenders. (A) Upon the occurrence and during the continuance of any Event of Default, and subject to the prior payment of Obligations owed to the Paying Agent, each of the Administrative Agent and the Lenders are hereby
authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by and other indebtedness incurred pursuant
to this Agreement at any time owing to the Administrative Agent or such Lender to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement and the Loan
Notes, whether or not the Administrative Agent or such Lenders shall have made any demand under this Agreement or the Loan Notes and although such obligations may be unmatured. The Administrative Agent and each Lender agrees promptly to notify the
Borrower after any such set-off and application; provided that the failure to give such notice shall not affect the validity of such set-off and application. The
rights of the Administrative Agent and the Lenders under this Section 10.7(A) are in addition to other rights and remedies (including other rights of set-off) which the Administrative Agent and the
Lenders may have. 
 (B)    If any Lender, whether by setoff or otherwise, has payment made to it upon its Advances in a
greater proportion than that received by any other Lender, such other Lender agrees, promptly upon demand, to purchase a portion of the Advances held by the Lenders so that after such purchase each Lender will hold its ratable share of Advances. If
any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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or other protection for its Obligations or such amounts which may be subject to setoff, such Lender agrees, promptly upon written demand, to take such action necessary such that all Lenders share
in the benefits of such collateral ratably in proportion to the obligations owing to them. In case any such payment is disturbed by legal process, or otherwise, appropriate further adjustments shall be made. 

(C)    Except with respect to the exercise of set-off rights of any Lender in
accordance with Section 10.7(A), the proceeds of which are applied in accordance with this Agreement, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor
hereunder or with respect to any Collateral or Transaction Document, without the prior written consent of the other Lenders or, as may be provided in this Agreement or the other Transaction Documents, at the direction of the Administrative Agent.

 (D)    The Lenders are not partners or co-venturers, and no Lender shall be
liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Administrative Agent) authorized to act for, any other Lender. 

Section 10.8    Binding Effect; Assignment. (A) This Agreement shall be binding upon
and inure to the benefit of the Borrower, the Paying Agent, the Verification Agent and the Administrative Agent and each Lender, and their respective successors and assigns, except that the Borrower shall not have the right assign to their rights
hereunder or any interest herein without the prior written consent of the Administrative Agent and the Lenders, and any assignment by Borrower in violation of this Section 10.8 shall be null and void. Any Lender may at any time, without the
consent of the Borrower or the Administrative Agent, assign all or any portion of its rights and obligations under this Agreement and any Loan Note to a Federal Reserve Bank and each Conduit Lender may assign its rights and obligations under this
Agreement to a Program Support Provider; provided, that no such assignment or pledge shall release the transferor Lender from its obligations hereunder. Each Lender may assign to one or more banks or other entities all or any part or portion
of, or may grant participations to one or more banks or other entities in all or any part or portion of its rights and obligations hereunder (including, without limitation, its Commitment, its Loan Notes or its Advances); provided that during
the Availability Period, no Lender may transfer or assign any portion of its rights and obligations under this Agreement or any Loan Note to a Disqualified Lender; provided further that each such assignment (A) shall be substantially in
the form of Exhibit F hereto or any other form reasonably acceptable to the Administrative Agent and (B) shall either be made (i) to a Permitted Assignee or (ii) to a Person that is acceptable to the Administrative Agent in its
reasonable discretion (such consent not to be unreasonably withheld or delayed) unless an Event of Default or Amortization Event shall have occurred and be continuing. 

(B)    If any assignment or participation is made to a Disqualified Lender in violation of this Section 10.8, the
Borrower may upon notice to the applicable Disqualified Lender and the Administrative Agent, (A) purchase or prepay the Advances held by such Disqualified Lender by paying the lesser of (x) the principal amount thereof and (y) the
amount that such Disqualified Lender paid to acquire such Advances, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder and/or (B) require such Disqualified Lender to
assign, without recourse (in accordance with and subject to the restrictions contained in this Section 10.8), all of its interest, rights and obligations under this Agreement to 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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one or more banks or other entities at the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Lender paid to acquire such interests, rights and
obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder. 

Disqualified Lenders (A) will not, absent an Event of Default or consent from the Borrower (x) have the right to receive financial
reports that are not publicly available, Facility Administrator Reports or other reports or confidential information provided to Lenders by the Borrower or the Administrative Agent (other than Tax reporting information with respect to the Advances),
(y) attend or participate in meetings with the Borrower attended by the Lenders and the Administrative Agent, or (z) access any electronic site maintained by the Borrower or Administrative Agent to provide Lenders with confidential information
or confidential communications from counsel to or financial advisors of the Administrative Agent and (B) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction to
the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Transaction Document, each Disqualified Lender will be deemed to have consented in the same proportion as the
Lenders that are not Disqualified Lenders consented to such matter, and (y) for purposes of voting on any plan of reorganization or plan of liquidation, each Disqualified Lender party hereto hereby agrees (1) not to vote on such plan,
(2) if such Disqualified Lender does vote on such plan notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the
Bankruptcy Code (or any similar provision in any other debtor relief laws), and such vote shall not be counted in determining whether the applicable class has accepted or rejected such plan in accordance with Section 1126(c) of the Bankruptcy
Code (or any similar provision in any other debtor relief laws) and (3) not to contest any request by any party for a determination by the a bankruptcy court (or other applicable court of competent jurisdiction) effectuating the foregoing
clause (2). 
 (C)    Upon, and to the extent of, any assignment (unless otherwise stated therein) made by any Lender
hereunder, the assignee or purchaser of such assignment shall be a Lender hereunder for all purposes of this Agreement and shall have all the rights, benefits and obligations (including the obligation to provide documentation pursuant to
Section 2.17(G)) of a Lender hereunder. Each Funding Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices a register (the “Register”) for the recordation of the names and
addresses of the Lenders in its Lender Group, the outstanding principal amounts (and accrued interest) of the Advances owing to each Lender in its Lender Group pursuant to the terms hereof from time to time and any assignment of such outstanding
Advances. The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower, the Paying Agent and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(D)    Any Lender may, without the consent of the Borrower, sell participation interests in its Advances and obligations
hereunder (each such recipient of a participation a “Participant”); provided that after giving effect to the sale of such participation, such Lender’s obligations hereunder and rights to consent to any waiver hereunder
or amendment hereof shall remain 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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unchanged, such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, all amounts payable to such Lender hereunder and all rights to consent
to any waiver hereunder or amendment hereof shall be determined as if such Lender had not sold such participation interest, and the Borrower and the Administrative Agent and the other parties hereto shall continue to deal solely and directly with
such Lender and not be obligated to deal with such participant. The Participant shall have no right to affect such Lender’s vote or action with respect to any matter requiring such Lender’s vote or action under this Agreement. Each Lender
that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the outstanding principal amounts (and accrued interest) of each
Participant’s interest in the Advances or other obligations under the Transaction Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the
Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Transaction Document) to any Person except
to the extent that such disclosure is necessary to establish that such commitment, loan, or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The
entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent shall have no responsibility for maintaining a Participant Register. Each recipient of a participation shall, to the fullest extent permitted by law,
have the same rights, benefits and obligations (including the obligation to provide documentation pursuant to Section 2.17(G)), hereunder with respect to the rights and benefits so participated as it would have if it were a Lender hereunder,
except that no Participant shall be entitled to receive any greater payment under Sections 2.11 or 2.17 than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment
results from a Change in Law that occurs after the Participant acquired the applicable participation. 

(E)    Notwithstanding any other provision of this Agreement to the contrary, (i) a Lender may pledge as collateral,
or grant a security interest in, all or any portion of its rights in, to and under this Agreement to a security trustee in connection with the funding by such Lender of Advances without the consent of the Borrower; provided that no such
pledge or grant shall release such Lender from its obligations under this Agreement and (ii) a Conduit Lender may at any time, without any requirement to obtain the consent of the Administrative Agent or the Borrower, pledge or grant a security
interest in all or any portion of its rights (including, without limitation, rights to payment of capital and yield) under this Agreement to a collateral agent or trustee for its commercial paper program. 

Section 10.9    GOVERNING LAW. THIS AGREEMENT SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF THAT WOULD
CALL FOR THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
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 Section 10.10    Jurisdiction. ANY
LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK (NEW YORK COUNTY) OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF
THE PARTIES HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE
GROUNDS OF FORUM NON CONVENIENS, OR ANY LEGAL PROCESS WITH RESPECT TO ITSELF OR ANY OF ITS PROPERTY, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AGREEMENT OR ANY DOCUMENT
RELATED HERETO. EACH OF THE PARTIES HERETO WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY NEW YORK LAW. 

Section 10.11    Waiver of Jury Trial. ALL PARTIES HEREUNDER HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
(WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT
FOR ALL PARTIES TO ENTER INTO THIS AGREEMENT. 
 Section 10.12    Section Headings. All
section headings are inserted for convenience of reference only and shall not affect any construction or interpretation of this Agreement. 

Section 10.13    Tax Characterization. The parties hereto intend for the transactions
effected hereunder to constitute a financing transaction for U.S. federal income tax purposes. 

Section 10.14    Execution. This Agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a
signature page to this Agreement by facsimile or by e-mail in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 10.15    Limitations on Liability. None of the members, managers, general or
limited partners, officers, employees, agents, shareholders, directors, Affiliates or holders of limited liability company interests of or in the Borrower shall be under any liability to the Administrative Agent or the Lenders, respectively, any of
their successors or assigns, or any other 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -84- 

 
Person for any action taken or for refraining from the taking of any action in such capacities or otherwise pursuant to this Agreement or for any obligation or covenant under this Agreement, it
being understood that this Agreement and the obligations created hereunder shall be, to the fullest extent permitted under applicable law, with respect to the Borrower, solely the limited liability company obligations of the Borrower. The Borrower
and any member, manager, partner, officer, employee, agent, shareholder, director, Affiliate or holder of a limited liability company interest of or in the Borrower may rely in good faith on any document of any kind prima facie properly executed and
submitted by any Person (other than the Borrower) respecting any matters arising hereunder. 

Section 10.16    Confidentiality. (A) Except as otherwise provided herein, the Fee
Letters (including such information set forth in any engagement letter, term sheet or proposal prior to the Closing Date that contains fees similar in nature to those in the Fee Letters) (collectively, “Confidential Information”)
are confidential. Each of the Borrower, the Facility Administrator, the Paying Agent and the Verification Agent agrees: 

(i)    to keep all Confidential Information confidential and to disclose Confidential Information only to
those Affiliates, officers, employees, agents, accountants, equity holders, legal counsel and other representatives of the Borrower or its Affiliates (collectively, “Representatives”) who have a need to know such Confidential
Information for the purpose of assisting in the negotiation, completion and administration of this Facility; 

(ii)    to use the Confidential Information only in connection with the Facility and not for any other
purpose; and 
 (iii)    to maintain and keep in force procedures reasonably designed to cause its
Representatives to comply with these provisions and to be responsible for any failure of any Representative to follow those procedures. The provisions of this section 10.16(A) shall not apply to Confidential Information that (a) has been
approved for release by written authorization of the appropriate party, or (b) is or hereafter becomes (through a source other than the Borrower, the Facility Administrator, the Paying Agent, the Verification Agent or their respective
Affiliates or Representatives) generally available to the public and shall not prohibit the disclosure of Confidential Information to the extent required by applicable Law or by any Governmental Authority or to the extent necessary in connection
with the enforcement of any Transaction Document. 
 The Borrower and the Facility Administrator agree not to provide copies of the Transaction Documents to
any prospective investor in, or prospective lender to, the Borrower and the Facility Administrator without the prior written consent of the Administrative Agent, which shall not be unreasonably withheld, delayed or conditioned. For the avoidance of
doubt, Borrower and the Facility Administrator or any other affiliate of Parent may provide copies of the Transaction Documents to any potential investor or equity holder in Parent or its affiliates, provided that each such Person shall have been
instructed to keep the same confidential in accordance with this Section 10.16. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -85- 

 (B)    Each Lender, each Funding Agent, and the Administrative Agent
agrees to maintain the confidentiality of all nonpublic information with respect to the parties herein or any other matters furnished or delivered to it pursuant to or in connection with this Agreement or any other Transaction Document;
provided, that such information may be disclosed (i) to such party’s Affiliates or such party’s or its Affiliates’ officers, directors, employees, agents, accountants, legal counsel and other representatives (collectively
“Lender Representatives”), in each case, who have a need to know such information for the purpose of assisting in the negotiation, completion and administration of the Facility and on a confidential basis, (ii) to any permitted
assignee of or participant in, or any prospective assignee of or participant in, the Facility or any of its rights or obligations under this Agreement, in each case on a confidential basis, (iii) to any financing source, dealer, hedge
counterparty or other similar party in connection with financing or risk management activities related to the Facility, (iv) to any Commercial Paper rating agency (including by means of a password protected internet website maintained in
connection with Rule 17g-5), (v) to the extent required by applicable Law or by any Governmental Authority, and (vi) to the extent necessary in connection with the enforcement of any Transaction Document.

 The provisions of this Section 10.16(B) shall not apply to information that (i) is or hereafter becomes (through a source other
than the applicable Lender, Funding Agent or the Administrative Agent or any Lender Representative associated with such party) generally available to the public, (ii) was rightfully known to the applicable Lender, applicable Funding Agent or
the Administrative Agent or any Lender Representative or was rightfully in their possession prior to the date of its disclosure pursuant to this Agreement, (iii) becomes available to the applicable Lender, applicable Funding Agent or the
Administrative Agent or any Lender Representative from a third party unless to their knowledge such third party disclosed such information in breach of an obligation of confidentiality to the applicable Lender, applicable Funding Agent or the
Administrative Agent or any Lender Representative, (iv) has been approved for release by written authorization of the parties whose information is proposed to be disclosed, or (v) has been independently developed or acquired by any Lender,
any Funding Agent or the Administrative Agent or any Lender Representative without violating this Agreement. The provisions of this Section 10.16 shall not prohibit any Lender, any Funding Agent or the Administrative Agent from filing with or
making available to any judicial, governmental or regulatory agency or providing to any Person with standing any information or other documents with respect to the Facility as may be required by applicable Law or requested by such judicial,
governmental or regulatory agency. 
 Section 10.17    Limited Recourse. All amounts
payable by the Borrower on or in respect of the Obligations shall constitute limited recourse obligations of the Borrower secured by, and payable solely from and to the extent of, the Collateral; provided that (A) the foregoing shall not
limit in any manner the ability of the Administrative Agent or any other Lender to seek specific performance of any Obligation (other than the payment of a monetary obligation in excess of the amount payable solely from the Collateral), (B) the
provisions of this Section 10.17 shall not limit the right of any Person to name the Borrower as party defendant in any action, suit or in the exercise of any other remedy under this Agreement or the other Transaction Documents and
(C) when any portion of the Collateral is transferred in a transfer permitted under and in accordance with this Agreement, the security interest in and Lien on such Collateral shall automatically be released, and the Lenders under this
Agreement will no longer have any security interest in, lien on, or claim against such Collateral. No recourse shall be sought or had for the obligations of the Borrower against any Affiliate, director, officer, shareholder, manager or agent of the
Borrower other than as specified in the Transaction Documents. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -86- 

 Section 10.18    Customer Identification -
USA Patriot Act Notice. The Administrative Agent and each Lender hereby notifies the Borrower and the Facility Administrator that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L.
107-56, signed into law October 26, 2001) (the “Patriot Act”), and the Administrative Agent’s and each Lender’s policies and practices, the Administrative Agent and the Lenders
are required to obtain, verify and record certain information and documentation that identifies the Borrower and the Facility Administrator, which information includes the name and address of the Borrower and such other information that will allow
the Administrative Agent or such Lender to identify the Borrower in accordance with the Patriot Act. 

Section 10.19    Paying Agent Compliance with Applicable Anti-Terrorism and Anti-Money
Laundering Regulations. In order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including, but not limited to those relating to funding of terrorist activities and
money laundering, the Paying Agent is required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship with the Paying Agent. Accordingly, each of the parties agrees to provide to
the Paying Agent upon its request from time to time such identifying information and documentation as may be available for such party in order to enable the Paying Agent to comply with such laws, rules, regulations and executive orders in effect
from time to time applicable to banking institutions, including, but not limited to those relating to funding of terrorist activities and money laundering. 

Section 10.20    Non-Petition. Each party hereto
hereby covenants and agrees that it will not institute against or join any other Person in instituting against the Conduit Lender any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under
the laws of the United States or of any state of the United States or of any other jurisdiction prior to the date which is one year and one day after the payment in full of all outstanding indebtedness of the Conduit Lender. The agreements set forth
in this Section 10.20 and the parties’ respective obligations under this Section 10.20 shall survive the termination of this Agreement. 

Section 10.21    No Recourse. (A) Notwithstanding anything to the contrary contained
in this Agreement, the parties hereto hereby acknowledge and agree that all transactions with a Conduit Lender hereunder shall be without recourse of any kind to such Conduit Lender. A Conduit Lender shall have no liability or obligation hereunder
unless and until such Conduit Lender has received such amounts pursuant to this Agreement. In addition, the parties hereto hereby agree that (i) a Conduit Lender shall have no obligation to pay the parties hereto any amounts constituting fees,
reimbursement for expenses or indemnities (collectively, “Expense Claims”) and such Expense Claims shall not constitute a claim (as defined in Section 101 of Title 11 of the Bankruptcy Code or similar laws of another
jurisdiction) against such Conduit Lender, unless or until such Conduit Lender has received amounts sufficient to pay such Expense Claims pursuant to this Agreement and such amounts are not required to pay the outstanding indebtedness of such
Conduit Lender and (ii) no recourse shall be sought or had for the obligations of a Conduit Lender hereunder against any Affiliate, director, officer, shareholders, manager or agent of such Conduit Lender. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -87- 

 (B)    The agreements set forth in this Section 10.21 and the
parties’ respective obligations under this Section 10.21 shall survive the termination of this Agreement. 

Section 10.22     [Reserved]. 

Section 10.23    Additional Paying Agent Provisions. The parties hereto acknowledge that
the Paying Agent shall not be required to act as a “commodity pool operator” as defined in the Commodity Exchange Act, as amended, or be required to undertake regulatory filings related to this Agreement in connection therewith. 

Section 10.24    Amendment and Restatement. Each of the Borrower, the Facility
Administrator, the Lenders, the Administrative Agent, the Paying Agent and the Verification Agent acknowledge and agree that, upon the satisfaction of the conditions in Section 3.3, on the Restatement Date, the Original
Credit Agreement shall be amended and restated in its entirety by this Agreement and the Original Credit Agreement shall thereafter be of no further force and effect, except to evidence (i) the incurrence by the Borrower of the Original
Obligations (whether or not such obligations are contingent as of the Restatement Date), (ii) the representations and warranties made by the Borrower and the Facility Administrator prior to the Restatement Date and (iii) any action or omission
performed or required to be performed pursuant to the Original Credit Agreement prior to the Restatement Date (including any failure, prior to the Restatement Date, to comply with the covenants contained in such Original Credit Agreement). The
amendments and restatements set forth herein shall not cure any breach under the Original Credit Agreement, any other Transaction or any “Potential Default,” “Event of Default,” “Potential Amortization Event,”
“Amortization Event” or “Facility Administrator Termination Event” under and as defined in the Original Credit Agreement prior to the Restatement Date. It is the intention of each of the parties hereto that the Original Credit
Agreement be amended and restated hereunder so as to preserve the perfection and priority of all Liens securing the Original Obligations under the Transaction Documents, that all “Obligations” hereunder and the other Transaction Documents
shall continue to be secured by Liens evidenced under the Transaction Documents and that this Agreement does not constitute a novation or termination of the Indebtedness under the Original Credit Agreement or any Original Obligations. The terms and
conditions of this Agreement and the Administrative Agent’s and the Lenders’ rights and remedies under this Agreement and the other Transaction Documents shall apply to all of the Indebtedness under the Original Credit Agreement and the
Original Obligations. This amendment and restatement is limited as written and is not a consent to any other amendment, restatement or waiver, whether or not similar and, unless specifically amended hereby or by any other Transaction Document, each
of the Transaction Documents shall continue in full force and effect and, from and after the Restatement Date, all references to the “Credit Agreement” contained in the Transaction Documents shall be deemed to refer to this Agreement. 

Section 10.25    Direction. Each of the Administrative Agent and the Borrower hereby
authorizes and directs the Paying Agent to execute and deliver this Agreement. 
 [Signature Pages Follow] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 -88- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

							
		 	SUNNOVA TEP II HOLDINGS, LLC, as Borrower
			
		 	By:	 	Sunnova TEP II Developer, LLC, its sole member
				
		 		 	By:	  	 /s/ Christopher Smith

		 		 		  	Name: Christopher Smith
		 		 		  	Title: Senior Vice President, Head of Finance and Treasurer
		
		 	SUNNOVA TE MANAGEMENT II, LLC,
		 		 	as Facility Administrator
			
		 	By:	 	Sunnova TEP II Developer, LLC, its sole member
				
		 		 	By:	  	 /s/ Christopher Smith

		 		 		  	Name: Christopher Smith
		 		 		  	Title: Senior Vice President, Head of Finance and Treasurer

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 [Signature Page to
Sunnova TEP II Warehouse Amended and Restated Credit Agreement] 

			
	CREDIT SUISSE AG, New York Branch,
		 	as Administrative Agent and as a Funding Agent
		
	By:	 	 /s/ Patrick Duggan

		 	Name: Patrick Duggan
		 	Title: Vice President
		
	By:	 	 /s/ Jeffrey Traola

		 	Name: Jeffrey Traola
		 	Title: Director
	
	CREDIT SUISSE AG, Cayman Islands Branch, as a Lender
		
	By:	 	 /s/ Patrick Duggan

		 	Name: Patrick Duggan
		 	Title: Authorized Signatory
		
	By:	 	 /s/ Jeffrey Traola

		 	Name: Jeffrey Traola
		 	Title: Authorized Signatory

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 [Signature Page to
Sunnova TEP II Warehouse Amended and Restated Credit Agreement] 

 
			
	GIFS CAPITAL COMPANY, LLC, as a
	Conduit Lender
		
	By:	 	 /s/ R. Scott Chisholm

		 	Name: R. Scott Chisholm
		 	Title: Authorized Signer

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 [Signature Page to
Sunnova TEP II Warehouse Amended and Restated Credit Agreement] 

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

not in its individual capacity but solely as Paying Agent

		
	By:	 	 /s/ Jennifer Westberg

		 	Name: Jennifer Westberg
		 	Title: Vice President

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 [Signature Page to
Sunnova TEP II Warehouse Amended and Restated Credit Agreement] 

 
			
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Verification Agent

		
	By:	 	 /s/ Kenneth Brandt

		 	Name: Kenneth Brandt
		 	Title: Assistant Vice President

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 [Signature Page to
Sunnova TEP II Warehouse Amended and Restated Credit Agreement] 

 EXHIBIT A 

DEFINED TERMS 

“1940 Act” shall mean the Investment Company Act of 1940, as amended. 

“A-1 Verification Agent Certification” shall have the meaning set forth in
Section 4(a) of the Verification Agent Agreement. 
 “A-2 Verification Agent
Certification” shall have the meaning set forth in Section 4(b) of the Verification Agent Agreement. 
 “Additional
Solar Assets” shall mean each Eligible Solar Asset that is acquired by a Financing Fund or SAP II after the Closing Date and during the Availability Period. 

“Adjusted LIBOR Rate” shall mean a rate per annum equal to the rate (rounded upwards, if necessary, to the next higher 1/100
of 1%) obtained by dividing (i) LIBOR by (ii) a percentage equal to 100% minus the reserve percentage (rounded upward to the next 1/100th of 1%) in effect on such day and applicable to the
Non-Conduit Lender for which this rate is calculated under regulations issued from time to time by the Board of Governors of the Federal Reserve System for determining the maximum reserve requirement
(including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “eurocurrency liabilities”). The Adjusted LIBOR Rate shall be adjusted automatically as of the
effective date of any change in such reserve percentage. 
 “Administrative Agent” shall have the meaning set forth in the
introductory paragraph hereof. 
 “Administrative Agent’s Account” shall mean the Administrative Agent’s bank
account designated by the Administrative Agent from time to time by written notice to the Borrower. 
 “Advance” shall
mean, individually or collectively, as the context may require, a Class A Advance and/or a Class B Advance. 
 “Affected
Party” shall have the meaning set forth in Section 2.10(B). 
 “Affiliate” shall mean, with respect to any
Person, any other Person that (i) directly or indirectly controls, is controlled by, or is under direct or indirect common control with such Person, or, (ii) is an officer or director of such Person, and in the case of any Lender that is
an investment fund, the investment advisor thereof and any investment fund having the same investment advisor. A Person shall be deemed to be “controlled by” another Person if such other Person possesses, directly or indirectly, power to
(a) vote 50% or more of the securities (on a fully diluted basis) having ordinary voting power for the election of directors or managing partners of such other Person, or (b) direct or cause the direction of the management and policies of
such other Person whether by contract or otherwise. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-1 

 “Affiliated Entity” shall mean any of the Parent, the Facility
Administrator (if the Facility Administrator is an Affiliate of the Borrower), and any of their respective direct or indirect Subsidiaries and/or Affiliates, whether now existing or hereafter created, organized or acquired. 

“Aggregate Commitment” shall mean, on any date of determination, the sum of the Commitments then in effect. The Aggregate
Commitment as of the Restatement Date shall be equal to $150,000,000. 
 “Aggregate Discounted Solar Asset Balance” shall
mean, on any date of determination, the sum of the Discounted Solar Asset Balances for the Managing Member Interests, the SAP II Solar Assets and any Hedged SREC Solar Assets. Any Managing Member Interests, SAP II Solar Assets or Hedged SREC Solar
Assets that would otherwise be duplicated in computing this sum shall only be counted once. 
 “Aggregate Outstanding
Advances” shall mean, as of any date of determination, the sum of (i) the aggregate principal balance of all Class A Advances outstanding plus (ii) the aggregate principal balance of all Class B Advances
outstanding. 
 “Agreement” shall have the meaning set forth in the introductory paragraph hereof. 

“A.M. Best” shall mean A. M. Best Company, Inc. and any successor rating agency. 

“Amortization Event” shall mean the occurrence of the any of the following events: 

(i)    a Facility Administrator Termination Event; 

(ii)    the Solar Asset Payment Level is less than 88.0%; 

(iii)    the Managing Member Distributions Payment Level is less than 88.0%; 

(iv)    the Default Level is greater than 0.75%; 

(v)    an Event of Default (whether or not cured by a Tax Equity Investor); 

(vi)    a Financing Fund (or Parent or an affiliate thereof on behalf of such Financing Fund) fails to
procure a Tax Loss Insurance Policy prior to the 60th day following the initial Advance hereunder or a Tax Loss Insurance Policy ceases to be of full force and effect; 

(vii)    if Sunnova Management is the Facility Administrator and the sum of (a) the net cash provided
by operating activities of Sunnova Management, as reported in any set of quarterly financial statements delivered pursuant to Section 5(q)(ii) of the Parent Guaranty plus (b) unrestricted cash on hand held by Sunnova Management as of the
date of such financial statements, shall be negative (for purposes of this clause (viii), the term “net cash” and “operating activities” shall have the meanings attributable to such terms under GAAP); provided, that if
(x) on or prior to the date that is fifteen (15) Business Days after the date on which it is determined that such amount is negative, the Parent Guarantor’s equity holders, any of their Affiliates and any other Person makes an equity
investment to 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-2 

 
Sunnova Management in cash in an amount not less than such shortfall, and such cash, if so designated by Sunnova Management, be included as unrestricted cash, and (y) any such action
described in subclause (x) is communicated to the Administrative Agent in writing, then no Amortization Event shall be deemed to have occurred or be continuing; 

(viii)    Parent breaches any of the Financial Covenants and such breach has not been cured in accordance
with Section 5(r) of the Parent Guaranty; 
 (ix)    the amounts on deposit in the Liquidity Reserve
Account are at any time less than the Liquidity Reserve Account Required Balance and such deficit is not cured by the earlier of the next Payment Date or the next Funding Date; 

(x)    the amounts on deposit in the Supplemental Reserve Account are at any time less than the
Supplemental Reserve Account Required Balance and such deficit is not cured by the earlier of the next Payment Date or the next Funding Date; or 

(xi)    the occurrence of a default under a Sunnova Credit Facility. 

“Amortization Period” shall mean the period commencing at the end of the Availability Period. 

“Ancillary Solar Service Agreements” shall mean in respect of each Eligible Solar Asset, all agreements and documents
ancillary to the Solar Service Agreement associated with such Eligible Solar Asset, which are entered into with a Host Customer in connection therewith, including any Customer Warranty Agreement. 

“Applicable Law” shall mean all applicable laws of any Governmental Authority, including, without limitation, laws relating
to consumer leasing and protection and any ordinances, judgments, decrees, injunctions, writs and orders or like actions of any Governmental Authority and rules and regulations of any federal, regional, state, county, municipal or other Governmental
Authority. 
 “Approved Installer” shall mean an installer approved by the Parent to design, procure and install PV Systems
on the properties of Host Customers and listed on the Parent’s list of approved installers as of the time of installation of an applicable PV System. 

“Approved U.S. Territory” shall initially mean Puerto Rico, Guam and the Northern Mariana Islands and shall mean any other
territory of the United States which the Administrative Agent has, in its sole discretion, approved as an Approved U.S. Territory, by providing a written notice to the Borrower regarding the same. 

“Approved Vendor” shall mean a manufacturer of Solar Photovoltaic Panels, Inverters or Energy Storage Systems for PV Systems
that was approved by the Parent and listed on the Parent’s list of approved vendors as of the time of installation of an applicable PV System. 

“Availability Period” shall mean the period from the Closing Date until the earlier to occur of (i) the Commitment
Termination Date, and (ii) an Amortization Event. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-3 

 “Bank Base Rate” shall mean, with respect to any Lender for any day, a rate
per annum equal to the Base Rate with respect to such Lender on such date. 
 “Bankruptcy Code” shall mean the U.S.
Bankruptcy Code, 11 U.S.C. § 101, et seq., as amended. 
 “Base Rate” shall mean, with respect to any Lender for any
day, a rate per annum equal to the greater of (i) the prime rate of interest announced publicly by a Funding Agent with respect to its Lender Group (or the Affiliate of such Lender or Funding Agent, as applicable, that announces such rate) as
in effect at its principal office from time to time, changing when and as said prime rate changes (such rate not necessarily being the lowest or best rate charged by such Person) or, if such Lender, Funding Agent or Affiliate thereof does not
publicly announce the prime rate of interest, as quoted in The Wall Street Journal on such day and (ii) the sum of (a) 0.50% and (b) the rate equal to the weighted average of the rates on overnight Federal funds transactions with members
of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for
any day that is a Business Day, the average of the quotations for such day for such transactions received by such Funding Agent with respect to such Lender Group from three Federal funds brokers of recognized standing selected by it. 

“Base Case Model” shall mean a computer model agreed to by the Managing Member and a Tax Equity Investor showing the expected
economic results from ownership of the PV Systems owned by the related Financing Fund and the assumptions to be used in calculating when the such Tax Equity Investor has reached its target internal rate of return, which is attached as an exhibit to
the related Financing Fund LLCA. 
 “Base Reference Banks” shall mean the principal London offices of Standard Chartered
Bank, Lloyds TSB Bank, Royal Bank of Scotland, Deutsche Bank and the investment banking division of Barclays Bank PLC or such other banks as may be appointed by the Administrative Agent with the approval of the Borrower. 

“Basel III” shall mean Basel III: A global regulatory framework for more resilient banks and banking systems prepared by the
Basel Committee on Banking Supervision, and all national implementations thereof. 
 “Borrower” shall have the meaning set
forth in the introductory paragraph hereof. 
 “Borrower’s Account” shall mean (i) the bank account of the
Borrower, described on Schedule II attached hereto, for the benefit of the Borrower or (ii) such other account as may be designated by the Borrower from time to time by at least ten (10) Business Days’ prior written notice to
the Administrative Agent and the Lenders, so long as such other account is acceptable to the Administrative Agent in its sole and absolute discretion. 

“Borrowing Base” shall mean the Class A Borrowing Base and/or the Class B Borrowing Base, as applicable. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-4 

 “Borrowing Base Certificate” shall mean the certificate in the form of
Exhibit B-1 attached hereto. 
 “Borrowing Base Deficiency” shall have the
meaning set forth in Section 2.9. 
 “Breakage Costs” shall mean, with respect to a failure by the Borrower, for any
reason resulting from Borrower’s failure (but excluding any failures to borrow resulting from a Lender default under this Agreement), to borrow any proposed Advance on the date specified in the applicable Notice of Borrowing (including without
limitation, as a result of the Borrower’s failure to satisfy any conditions precedent to such borrowing) after providing such Notice of Borrowing, the resulting loss, cost, expense or liability incurred by reason of the liquidation or
reemployment of deposits, actually sustained by the Administrative Agent, any Lender or any Funding Agent; provided, however, that the Administrative Agent, such Lender or such Funding Agent shall use commercially reasonable efforts to
minimize such loss or expense and shall have delivered to the Borrower a certificate as to the amount of such loss or expense, which certificate shall be conclusive in the absence of manifest error. For the avoidance of doubt, if a Lender does not
make an advance and the Borrower has met all conditions precedent required under Article III or Lender has breached this Agreement, then any Breakage Costs shall be borne by Lender. 

“Business Day” shall mean any day other than Saturday, Sunday and any other day on which commercial banks in New York, New
York, Minnesota or California are authorized or required by law to close. 
 “Calculation Date” shall mean with respect to
a Payment Date, the close of business on the last day of the related Collection Period. 
 “Call Date” shall mean, with
respect to a Purchase Option, the earliest date on which such Purchase Option may be exercised. 
 “Capital Stock” shall
mean, with respect to any Person, any and all shares, interests, participations or other equivalents, including membership interests (however designated, whether voting or non-voting) of equity of such Person,
including, if such Person is a partnership, partnership interests (whether general or limited) or any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of,
such partnership, but in no event will Capital Stock include any debt securities convertible or exchangeable into equity unless and until actually converted or exchanged. 

“Carrying Cost” shall mean, as of any date of determination, the sum of (i) the weighted average Swap Rate as of such
date of determination, (ii) the weighted average Class A Usage Fee Rate and Class B Usage Fee Rate as of such date of determination and (iii) 0.10%. 

“Change in Law” shall mean (i) the adoption or taking effect of any Law after the date of this Agreement, (ii) any
change in Law or in the administration, interpretation, application or implementation thereof by any Governmental Authority after the date of this Agreement, (iii) the making or issuance of any request, rule, guideline or directive (whether or
not having the force of law) by any Governmental Authority after the date of this Agreement or (iv) compliance by any Affected Party, by any lending office of such Affected Party or by such Affected Party’s holding company, if any, with
any request, guideline or directive (whether or not having the force of law) 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-5 

 
of any Governmental Authority made or issued after the date of this Agreement; provided, that notwithstanding anything herein to the contrary, (a) the Dodd-Frank Act, (b) Basel
III and (c) all requests, rules, guidelines and directives under either of the Dodd-Frank Act or Basel III or issued in connection therewith shall be deemed to be a “Change in Law”, regardless of the date implemented, enacted, adopted
or issued. 
 “Change of Control” shall mean, the occurrence of one or more of the following events: 

(i)    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 Parent to any Person or group of related Persons for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (a “Group”), together with any Affiliates thereof,
other than after the completion of an IPO, with respect to Parent, in each case, any such sale, lease, exchange or transfer to a Person or Group that is, prior to such, lease, exchange or transfer, an Affiliate of Parent and is controlled (as that
term is used in the definition of Affiliate) by Parent; 
 (ii)    the approval by the holders of Capital
Stock of Parent or the Borrower of any plan or proposal for the liquidation or dissolution of such Person; 

(iii)    any Person or Group shall become the owner, directly or indirectly, beneficially or of record, of
shares representing more than 50% of the aggregate ordinary voting power represented by the issued and outstanding Capital Stock of Parent, other than any Person that is a Permitted Investor or Group that is controlled by a Permitted Investor
provided that any transfers or issuances of equity of Parent on or after the Closing Date to, among or between a Permitted Investor or any Affiliate thereof, shall not constitute a “Change of Control” for purposes of this clause
(iii); 
 (iv)    Parent shall cease to indirectly own all of the Capital Stock in the Borrower; or 

(v)    the Borrower shall cease to own all of the Capital Stock in either the Managing Member or SAP II
other than in connection with a Takeout Transaction pursuant to which 100% of the outstanding Capital Stock of the Managing Member and SAP II or sold. 

“Class A Advance” shall have the meaning set forth in Section 2.2. 

“Class A Aggregate Commitment” shall mean, on any date of determination, the sum of the Class A
Commitments then in effect. The Class A Aggregate Commitment as of the Restatement Date shall be equal to $131,250,000. For the avoidance of doubt, any Class A Advance approved or funded pursuant to Section 2.18
herein shall be deemed to increase the Commitment of the Non-Conduit Lender approving such Class A Advance. 

“Class A Borrowing Base” shall mean, as of any date of determination, the product of (x)(a) the Aggregate
Discounted Solar Asset Balance minus (b) the Excess Concentration Amount times (y)(a) with respect to Solar Assets other than Puerto Rico Solar Assets or Substantial Stage Solar Assets included in clause (x), [***]%, (b) with respect to
Puerto Rico Solar Assets other than Substantial Stage Solar Assets included in clause (x), [***]%, and (c) with respect to Substantial Stage Solar Assets included in clause (x), [***]%. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-6 

 “Class A Borrowing Base Deficiency” shall have the
meaning set forth in Section 2.9. 
 “Class A Commitment” shall mean the obligation of a Non-Conduit Lender to fund a Class A Advance on the Closing Date, as set forth on Exhibit E attached hereto. 

“Class A Funding Agent” shall mean a Person appointed as a Class A Funding Agent for a Class A
Lender Group pursuant to Section 7.14. 
 “Class A Interest Distribution Amount” shall mean, with
respect to the Class A Advances on any date of determination, an amount equal to the sum of (i) the product of (a) the daily average outstanding principal balance of all Class A Advances during the related period (including any
related Interest Accrual Period), (b) the actual number of days in such period (including any related Interest Accrual Period), divided by 360, 365 or 366, as applicable, and (c) the Class A Usage Fee Rate and (ii) any unpaid
Class A Interest Distribution Amounts from prior Payment Dates plus, to the extent permitted by law, interest thereon at the Class A Usage Fee Rate for the related Interest Accrual Period. For the avoidance of doubt, the Class A
Interest Distribution Amount shall not constitute “Confidential Information.” 
 “Class A
Lender” shall mean a Lender that has funded a Class A Advance. 
 “Class A Lender Group”
shall mean with respect to any Class A Advances, any group consisting of related Conduit Lenders, Non-Conduit Lenders and Funding Agents. 

“Class A Lender Group Percentage” shall mean, for any Class A Lender Group, the percentage equivalent
of a fraction (expressed out to five decimal places), the numerator of which is, with respect to each Class A Lender Group, the Class A Commitment of all Non-Conduit Lenders in such Class A
Lender Group, and the denominator of which is the Class A Aggregate Commitment. 
 “Class A Loan
Note” shall mean each Class A Loan Note of the Borrower in the form of Exhibit D-1 attached hereto, payable to the order of a Class A Funding Agent for the benefit of the Class A
Lenders in such Class A Funding Agent’s Class A Lender Group, in the aggregate face amount of up to such Class A Lender Group’s portion of the Class A Maximum Facility Amount, evidencing the aggregate indebtedness of
the Borrower to the Class A Lenders in such Funding Agent’s Class A Lender Group, as the same be amended, restated, supplemented or otherwise modified from time to time. 

“Class A Maximum Facility Amount” shall mean $218,750,000. 

“Class A Unused Portion of the Commitments” shall mean, with respect to the Class A Lenders on any
day, the excess of (x) the Class A Aggregate Commitment as of such day as of 5:00 P.M. (New York City time) on such day, over (y) the sum of the aggregate outstanding principal balance of the Class A Advances as of 5:00 P.M. (New
York City time) on such day. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-7 

 “Class A Usage Fee Rate” shall mean the greater of
(x) zero and (y) sum of (i) the Cost of Funds and (ii) the Class A Usage Fee Margin. 

“Class A Usage Fee Margin” shall have the meaning set forth in the Fee Letter referred to in clause
(i) of the definition thereof. 
 “Class B Advance” shall have the meaning set forth in
Section 2.2 
 “Class B Aggregate Commitment” shall mean, on any date of determination, the sum of
the Class B Commitments then in effect. The Class B Aggregate Commitment as of the Restatement Date shall be equal to $18,750,000. For the avoidance of doubt, any Class B Advance approved or funded pursuant to
Section 2.18 herein shall be deemed to increase the Commitment of the Non-Conduit Lender approving such Class B Advance. 

“Class B Borrowing Base” shall mean, as of any date of determination, the product of (x)(a) the Aggregate
Discounted Solar Asset Balance minus (b) the Excess Concentration Amount times (y)(a) with respect to Solar Assets other than Puerto Rico Solar Assets or Substantial Stage Solar Assets included in clause (x), [***]%, (b) with respect to
Puerto Rico Solar Assets other than Substantial Stage Solar Assets included in clause (x), [***]%, and (c) with respect to Substantial Stage Solar Assets included in clause (x), [***]%. 

“Class B Borrowing Base Deficiency” shall have the meaning set forth in Section 2.9. 

“Class B Commitment” shall mean the obligation of a Non-Conduit
Lender to fund a Class B Advance on the Closing Date, as set forth on Exhibit E attached hereto. 

“Class B Funding Agent” shall mean a Person appointed as a Class B Funding Agent for a Class B
Lender Group pursuant to Section 7.14. 
 “Class B Interest Distribution Amount” shall mean, with
respect to the Class B Advances on any date of determination, an amount equal to the sum of (i) the product of (a) the daily average outstanding principal balance of all Class B Advances during the related period (including any
related Interest Accrual Period), (b) the actual number of days in such period (including any related Interest Accrual Period), divided by 360, 365 or 366, as applicable, and (c) the Class B Usage Fee Rate and (ii) any unpaid
Class B Interest Distribution Amounts from prior Payment Dates plus, to the extent permitted by law, interest thereon at the Class B Usage Fee Rate for the related Interest Accrual Period. For the avoidance of doubt, the Class B
Interest Distribution Amount shall not constitute “Confidential Information.” 
 “Class B
Lender” shall mean a Lender that has funded a Class B Advance. 
 “Class B Lender Group”
shall mean with respect to any Class B Advances, any group consisting of related Conduit Lenders, Non-Conduit Lenders and Funding Agents. 

“Class B Lender Group Percentage” shall mean, for any Class B Lender Group, the percentage equivalent
of a fraction (expressed out to five decimal places), the numerator of which is, with respect to each Class B Lender Group, the Class B Commitment of all Non-Conduit Lenders in such Class B
Lender Group, and the denominator of which is the Class B Aggregate Commitment. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-8 

 “Class B Loan Note” shall mean each Class B Loan
Note of the Borrower in the form of Exhibit D-2 attached hereto, payable to the order of a Class B Funding Agent for the benefit of the Class B Lenders in such Class B Funding
Agent’s Class B Lender Group, in the aggregate face amount of up to such Class B Lender Group’s portion of the Class B Maximum Facility Amount, evidencing the aggregate indebtedness of the Borrower to the Class B
Lenders in such Class B Funding Agent’s Class B Lender Group, as the same be amended, restated, supplemented or otherwise modified from time to time. 

“Class B Maximum Facility Amount” shall mean $31,250,000. 

“Class B Unused Portion of the Commitments” shall mean, with respect to the Class B Lenders on any
day, the excess of (x) the Class B Aggregate Commitment as of such day as of 5:00 P.M. (New York City time) on such day, over (y) the sum of the aggregate outstanding principal balance of the Class B Advances as of 5:00 P.M. (New
York City time) on such day. 
 “Class B Usage Fee Margin” shall have the meaning set forth in the Fee
Letter referred to in clause (i) of the definition thereof. 
 “Class B Usage Fee Rate” shall mean
the sum of (i) the Cost of Funds and (ii) the Class B Usage Fee Margin. 
 “Closing Date” shall mean
August 17, 2018. 
 “Closing Date Verification Agent Certification” shall have the meaning set forth in
Section 4(c) of the Verification Agent Agreement. 
 “Collateral” shall mean the Pledged Collateral (as defined in the
Pledge Agreement) and have the meaning set forth in the Security Agreement, as applicable. 
 “Collection Account” shall
have the meaning set forth in Section 8.2(A)(i). 
 “Collection Period” shall mean, with respect to a Payment Date,
the three calendar months preceding the month in which such Payment Date occurs; provided that with respect to the first Payment Date, the Collection Period will be the period from and including the Closing Date to the end of the calendar
quarter preceding such Payment Date. 
 “Collections” shall mean, all distributions and payments received in respect of the
Solar Asset Owner Member Interests and other cash proceeds thereof. Without limiting the foregoing, “Collections” shall include any amounts payable to the Borrower with respect to the Eligible Solar Assets (i) under any Hedge
Agreement entered into in connection with this Agreement or (ii) in connection with the disposition of any Collateral. 

“Commercial Paper” shall mean commercial paper, money market notes and other promissory notes and senior indebtedness issued
by or on behalf of a Conduit Lender. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-9 

 “Commitment” shall mean, individually or collectively, as the context may
require, the Class A Commitments and the Class B Commitments, as applicable. 
 “Commitment Termination Date”
shall mean the earliest to occur of (i) the Scheduled Commitment Termination Date and (ii) the date of any voluntary termination of the facility by the Borrower. 

“Conduit Lender” shall mean the CS Conduit Lender and each financial institution identified as such that may become a party
hereto. 
 “Confidential Information” shall have the meaning set forth in Section 10.16(A). 

“Connection Income Taxes” shall mean Other Connection Taxes that are imposed on or measured by net income (however
denominated) or that are franchise Taxes or branch profits Taxes. 
 “Corporate Trust Office” shall mean, with respect to
the Paying Agent, the corporate trust office thereof at which at any particular time its corporate trust business with respect to the Transaction Documents is conducted, which office at the date of the execution of this instrument is located at 600
S. 4th Street, MAC N9300-061, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services – Asset-Backed Administration, or at such other address as such party may designate from time to time by
notice to the other parties to this Agreement. 
 “Cost of Funds” shall mean, (i) with respect to the Class A
Advances for any Interest Accrual Period, interest accrued on such Class A Advances during such Interest Accrual Period at the Adjusted LIBOR Rate for such Interest Accrual Period or, if the Adjusted LIBOR Rate is not available, the Base Rate
and (ii) with respect to the Class B Advances for any Interest Accrual Period, interest accrued on such Class B Advances during such Interest Accrual Period at the Adjusted LIBOR Rate for such Interest Accrual Period or, if the
Adjusted LIBOR Rate is not available, the Base Rate. 
 “Credit Card Receivable” shall mean Host Customer Payments that are
made via credit card. 
 “CS Conduit Lender” shall mean GIFS Capital Company, LLC. 

“CS Lender Group” shall mean a group consisting of the CS Conduit Lender, the CS
Non-Conduit Lender and CSNY, as a Funding Agent for such Lenders. 
 “CS Non-Conduit Lender” shall mean Credit Suisse AG, Cayman Islands Branch. 

“CSNY” shall have the meaning set forth in the introductory paragraph hereof. 

“Customer Collection Policy” shall mean the initial Manager’s internal collection policy as described in each Management
Agreement; provided that from and after the appointment of a Successor Manager pursuant to such Management Agreement, the “Customer Collection Policy” shall mean the collection policy of such Successor Manager for servicing assets
comparable to the Borrower Solar Assets (as defined in such Management Agreement). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-10 

 “Customer Warranty Agreement” shall mean any separate warranty agreement
provided by Parent to a Host Customer (which may be an exhibit to a Solar Service Agreement) in connection with the performance and installation of the related PV System (which may include a Performance Guaranty). 

“Cut-off Date” shall mean, (i) for each Solar Asset acquired on the Closing
Date, the date that is three (3) Business Days prior to the Closing Date, and (ii) for any Substitute Solar Asset or Additional Solar Asset, the date specified as such in the related Schedule of Solar Assets. 

“Default Level” shall mean, for any Collection Period, the quotient (expressed as a percentage) of (i) the sum of the
Discounted Solar Asset Balances of all Eligible Solar Assets that became Defaulted Solar Assets during such Collection Period and that did not repay all past due portions of a contractual payment due under the related Solar Service Agreement by the
end of such Collection Period, divided by (ii) the Aggregate Discounted Solar Asset Balance on the first day of such Collection Period. 

“Defaulted Solar Asset” shall mean a Solar Asset for which the related Host Customer is more than 120 days past due on any
portion of a contractual payment due under the related Solar Service Agreement. For the avoidance of doubt, any past due amounts owed by an original Host Customer after reassignment to or execution of a replacement Solar Service Agreement with a new
Host Customer shall not cause the Solar Asset to be deemed to be a Defaulted Solar Asset. 
 “Defective Solar Asset” shall
mean a Solar Asset with respect to which it is determined by the Administrative Agent (acting at the written direction of the Majority Lenders, such direction not to be unreasonably withheld, condition or delayed) or the Facility Administrator, at
any time, that the Borrower breached as of the Transfer Date for such Solar Asset the representation in Section 4.1(U), unless such breach has been waived, in writing, by the Administrative Agent, acting at the direction of the Majority
Lenders. 
 “Delayed Amount” shall have the meaning set forth in Section 2.4(E). 

“Delayed Funding Date” shall have the meaning set forth in Section 2.4(E). 

“Delayed Funding Lender” shall have the meaning set forth in Section 2.4(E). 

“Delayed Funding Notice” shall have the meaning set forth in Section 2.4(E). 

“Delayed Funding Reimbursement Amount” shall have the meaning set forth in Section 2.4(G). 

“Delinquent Solar Asset” shall mean a Solar Asset for which the related Host Customer is more than 90 days past due on any
portion of a contractual payment due under the related Solar Service Agreement. 
 “Discount Rate” shall mean, as of any
date of determination, the greater of (i) 6.00% per annum and (ii) the Carrying Cost, in each case, determined as of such date of determination. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-11 

 “Discounted Solar Asset Balance” shall mean, as of any date of
determination (x)(i) with respect to the Managing Member Interests or the SAP II Solar Assets (other than a Substantial Stage Solar Asset), the present value of the remaining and unpaid stream of Net Cash Flow on or after such date of determination,
based upon discounting such Net Cash Flow to such date of determination at an annual rate equal to the Discount Rate, (ii) with respect to a Hedged SREC Solar Asset, the present value of the remaining and unpaid stream of Scheduled Hedged SREC
Payments for such Hedged SREC Solar Asset on or after such date of determination, based upon discounting such Scheduled Hedged SREC Payments to such date of determination at an annual rate equal to the Discount Rate, and (iii) with respect to a
Substantial Stage Solar Asset, the amount actually disbursed to channel partners for services rendered in respect of such Substantial Stage Solar Asset; provided, however, that in the case of either (i) or (ii), any Transferable
Solar Asset will be deemed to have a Discounted Solar Asset Balance equal to [***], and (y) for purposes of determining the Default Level respect to a Host Customer Solar Asset, the present value of the remaining and unpaid stream of Net
Scheduled Payments for such Host Customer Solar Asset for the period beginning on such date of determination and ending on the date of the last Net Scheduled Payment for such Host Customer Solar Asset shall be based upon discounting such Net
Scheduled Payments to such date of determination at an annual rate equal to the Discount Rate. 
 “Disqualified Entity”
shall have the meaning set forth in the Tax Equity Financing Documents. 
 “Disqualified Lender” shall mean any financial
institution or other Persons identified in writing, prior to the Closing Date, by the Borrower to the Administrative Agent and any known Affiliate thereof clearly identifiable on the basis of its name (in each case, other than any Affiliate that is
primarily engaged in, or that advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit or securities in the ordinary course and
with respect to which such financial institution or other Person does not, directly or indirectly, possess the power to direct or cause the direction of the investment policies of such entity); provided that in no event shall a Lender designated
under this Agreement as of the Closing Date be designated as a Disqualified Lender. The Borrower may from time to time update the list of Disqualified Lenders provided to the Administrative Agent prior to the Closing Date to (x) include
identified Affiliates of financial institutions or other Persons identified pursuant to the preceding sentence; provided that such updates shall not apply retroactively to disqualify parties that have previously acquired an assignment or
participation interest in the Commitment or (y) remove one or more Persons as Disqualified Lenders (in which case such removed Person or Persons shall no longer constitute Disqualified Lenders). 

“Distributable Collections” shall have the meaning set forth in Section 2.7(B). 

“Dodd-Frank Act” shall mean the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

“Dollar,” “Dollars,” “U.S. Dollars” and the symbol “$” shall mean the
lawful currency of the United States. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-12 

 “East Region” shall mean the states of New York, New Jersey, Massachusetts,
Connecticut, Pennsylvania, Rhode Island, Maryland, Florida, and South Carolina and any other territory of the United States consented to in writing by the Administrative Agent. 

“East Region Substantial Stage Date Solar Asset Reserve Amount” shall mean, as of any date of determination, the product of
(i) 9/3 times (ii) the sum of the Class A Interest Distribution Amount and the Class B Interest Distribution Amount due and payable on the immediately succeeding Payment Date times (iii) the ratio of (x) the aggregate
principal balance of all Advances related to Substantial Stage Solar Assets the Obligor of which is located in the East Region as of such date divided by (y) the Aggregate Outstanding Advances as of such date; provided, however,
that solely for the purpose of determining the East Region Substantial Stage Date Solar Asset Reserve Amount as of the Restatement Date, the East Region Substantial Stage Date Solar Asset Reserve Amount shall be an amount reasonably calculated by
the Administrative Agent and provided to the Borrower prior to the Restatement Date. 
 “Effective Advance Rate” shall
mean, as of any date of determination, the ratio of the Aggregate Outstanding Advances to the Aggregate Discounted Solar Asset Balance. 

“Eligible Facility Administrator” shall mean Sunnova Management or any other operating entity which, at the time of its
appointment as Facility Administrator, (i) is legally qualified and has the capacity to service the Solar Assets or provide administrative services to the Borrower, and (ii) prior to such appointment, is approved in writing by the
Administrative Agent as having demonstrated the ability to professionally and competently service the Collateral and/or a portfolio of assets of a nature similar to the Eligible Solar Assets in accordance with high standards of skill and care. 

“Eligible Hedged SREC Counterparty” shall mean (i) [reserved], (ii) any entity rated, or guaranteed (such guaranty to be
acceptable to the Administrative Agent in its sole discretion) by an entity rated, investment grade by any of Moody’s, Standard & Poor’s, Fitch, Inc., DBRS, Inc. or Kroll Bond Rating Agency, Inc. and (iii) such other parties
which are agreed to in writing by the Administrative Agent to be Eligible Hedged SREC Counterparties. 
 “Eligible
Institution” shall mean a commercial bank or trust company having capital and surplus of not less than $[***] in the case of U.S. banks and $[***] (or the U.S. dollar equivalent as of the date of determination) in the case of foreign
banks; provided that a commercial bank which does not satisfy the requirements set forth above shall nonetheless be deemed to be an Eligible Institution for purposes of holding any deposit account or any other account so long as such commercial bank
is a federally or state chartered depository institution subject to regulations regarding fiduciary funds on deposit substantially similar to 12 C.F.R. § 9.10(b) and such account is maintained as a segregated trust account with the corporate
trust department of such bank. 
 “Eligible Letter of Credit Bank” means a financial institution (a) organized in the
United States, (b) having total assets in excess of $[***] and with a long term rating of at least “A-” by S&P or “A3” by Moody’s and a short term rating of at least “A-1” by S&P or “P-1” by Moody’s, and (c) approved by the Administrative Agent acting on the instructions of the Majority Lenders (such
approval not to be unreasonably delayed withheld or delayed). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-13 

 “Eligible Solar Asset” shall mean, on any date of determination, a Solar
Asset: 
 (i)    which meets all of the criteria specified in Schedule I; 

(ii)    for which the legal title to the Host Customer Payments, PBI Payments, Energy Storage System
Incentives, and Hedged SREC Payments related thereto is vested solely in a Financing Fund or SAP II; and 

(iii)    was acquired by the Financing Fund or SAP II pursuant to the applicable SAP II Financing
Documents, SAP II NTP Financing Documents or Tax Equity Financing Documents and has not been sold or encumbered by the Financing Fund or SAP II except as permitted hereunder (with respect to Permitted Liens and Permitted Equity Liens) and under the
applicable SAP II Financing Documents, SAP II NTP Financing Documents or Tax Equity Financing Documents. 
 “Energy Storage
System” shall mean an energy storage system to be used in connection with a PV System, including all equipment related thereto (including any battery management system, wiring, conduits and any replacement or additional parts included from
time to time). 
 “Energy Storage System Incentives” shall mean payments paid by a state or local Governmental Authority,
based in whole or in part on the size of an Energy Storage System, made as an inducement to the owner thereof. 
 “ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. Section references to ERISA are to ERISA, as in effect at the Closing Date and any
subsequent provisions of ERISA, amendatory thereof, supplemental thereto or substituted therefor. 
 “ERISA Affiliate”
shall mean each Person (as defined in Section 3(9) of ERISA), which together with the Borrower, would be deemed to be a “single employer” within the meaning of Section 414(b), (c), (m) or (o) of the Internal Revenue Code or
Section 4001(a)(14) or 4001(b)(1) of ERISA. 
 “ERISA Event” shall mean (i) that a Reportable Event has occurred
with respect to any Single-Employer Plan; (ii) the institution of any steps by the Borrower or any ERISA Affiliate, the Pension Benefit Guaranty Corporation or any other Person to terminate any Single-Employer Plan or the occurrence of any
event or condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Single-Employer Plan; (iii) the institution of any steps by the Borrower or any ERISA
Affiliate to withdraw from any Multi-Employer Plan or Multiple Employer Plan or written notification of the Borrower or any ERISA Affiliate concerning the imposition of withdrawal liability; (iv) a
non-exempt “prohibited transaction” within the meaning of Section 406 of ERISA or Section 4975 of the Internal Revenue Code in connection with any Plan; (v) the cessation of operations
at a facility of the Borrower or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; (vi) with respect to a Single-Employer Plan, a failure to satisfy the minimum funding standard under Section 412 of the
Internal Revenue Code or Section 302 of ERISA, whether or not waived; (vii) the conditions for imposition of a lien under Section 303(k) of ERISA shall have been met with respect to a Single-Employer Plan; (viii) a determination
that a Single-Employer Plan is or is 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-14 

 
expected to be in “at-risk” status (within the meaning of Section 430(i)(4) of the Internal Revenue Code or Section 303(i)(4) of
ERISA); (ix) the insolvency of or commencement of reorganization proceeding with respect to a Multi-Employer Plan or written notification that a Multi-Employer Plan is in “endangered” or “critical” status (within the meaning of
Section 432 of the Internal Revenue Code or Section 305 of ERISA); or (x) the taking of any action by, or the threatening of the taking of any action by, the Internal Revenue Service, the Department of Labor or the Pension Benefit
Guaranty Corporation with respect to any of the foregoing. 
 “Event of Default” shall mean any of the Events of Default
described in Section 6.1. 
 “Event of Loss” shall mean the occurrence of an event with respect to a PV System if such
PV System is damaged or destroyed by fire, theft or other casualty and such PV System has become inoperable because of such event. 

“Excess Concentration Amount” shall mean the dollar amount specified as such on Schedule III of a Borrowing Base Certificate;
provided, that for the period commencing on the effective date of a Takeout Transaction and ending ninety (90) days thereafter, lines 34, 37 and 40 thereof shall not be included in the calculation of the Excess Concentration Amount. 

“Excluded Taxes” shall mean any of the following Taxes imposed on or with respect to a Recipient or required to be withheld
or deducted from a payment to a Recipient, (i) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (a) imposed as a result of such Recipient being organized under the
Laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (b) that are Other Connection Taxes, (ii) in the
case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan pursuant to a Law in effect on the date on which (a) such Lender acquires such
interest in the Loan or (b) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.17, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before
such Lender became a party hereto or to such Lender immediately before it changed its lending office, (iii) Taxes attributable to such Recipient’s failure to comply with Section 2.17(G) and (iv) any U.S. federal withholding Taxes
imposed under FATCA. 
 “Expected Amortization Profile” shall mean the expected amortization schedule of any outstanding
Advance or any Advance that has been requested pursuant to Section 2.4, as the context may require, as of the applicable date of determination as determined by the Administrative Agent using its proprietary model and in consultation with the
Borrower. 
 “Expense Claim” shall have the meaning set forth in Section 10.21. 

“Facility” shall mean this Agreement together with all other Transaction Documents. 

“Facility Administration Agreement” shall mean the Facility Administration Agreement, dated as of the Closing Date, by and
among the Borrower, the Facility Administrator and the Administrative Agent, as amended, restated, modified and/or supplemented from time to time in accordance with its terms. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-15 

 “Facility Administrator” shall have the meaning set forth in the
introductory paragraph hereof. 
 “Facility Administrator Fee” shall have the meaning set forth in Section 2.1(b) of
the Facility Administration Agreement. 
 “Facility Administrator Report” shall have the meaning set forth in the Facility
Administration Agreement. 
 “Facility Administrator Termination Event” shall have the meaning set forth in
Section 7.1 of the Facility Administration Agreement. 
 “Facility Maturity Date” shall mean November 21, 2022.

 “FATCA” shall mean Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any
amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of
the Internal Revenue Code, and any intergovernmental agreements between the United States and another country which modify the provisions of the foregoing. 

“FATCA Withholding Tax” means any withholding or deduction required pursuant to FATCA. 

“Fee Letters” shall mean (i) that certain fee letter agreement, dated as of the Closing Date, entered into by and among
the Administrative Agent and the Borrower, as the same be amended, restated, supplemented or otherwise modified from time to time, and (ii) any other fee letter between the Borrower and any other Lender or other Person, as the same be amended,
restated, supplemented or otherwise modified from time to time. 
 “Final Stage Solar Asset” shall mean a Solar Asset for
which the related PV System is fully installed but has not received Permission to Operate. 
 “Final Stage Solar Asset Reserve
Amount” shall mean, as of any date of determination, the product of (i) 5/3 times (ii) the sum of the Class A Interest Distribution Amount and the Class B Interest Distribution Amount due and payable on the immediately
succeeding Payment Date times (iii) the ratio of (x) the aggregate principal balance of all Advances related to Final Stage Solar Assets as of such date divided by (y) the Aggregate Outstanding Advances as of such date;
provided, however, that solely for the purpose of determining the Final Stage Solar Asset Reserve Amount as of the Closing Date, the Final Stage Solar Asset Reserve Amount shall be an amount reasonably calculated by the Administrative Agent
and provided to the Borrower prior to the Closing Date. 
 “Financial Covenants” shall have the meaning set forth in the
Parent Guaranty. 
 “Financing Fund” shall mean, collectively, each entity set forth under the heading “Financing
Funds” on Schedule VIII hereto. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-16 

 “Financing Fund Contributions” shall mean (i) any capital
contributions from Parent or its Affiliates to Borrower or the Managing Member for contribution to a Financing Fund and (ii) any capital contribution from Borrower to Managing Member to satisfy Managing Member’s obligations under a
Financing Fund LLCA. 
 “Financing Fund LLCA” shall mean, collectively, each document set forth under the heading
“Financing Fund LLCAs” on Schedule VIII hereto. 
 “Funding Agent” shall mean, individually or
collectively as the context may require, each Class A Funding Agent and each Class B Funding Agent, as applicable. 

“Funding Date” shall mean any Business Day on which an Advance is made at the request of the Borrower in accordance with
provisions of this Agreement. 
 “GAAP” shall mean generally accepted accounting principles as are in effect from time to
time and applied on a consistent basis (except for changes in application in which the Borrower’s independent certified public accountants and the Administrative Agent reasonably agree) both as to classification of items and amounts. 

“Governmental Authority” shall mean the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Hedge
Agreement” shall mean, collectively, (i) the ISDA Master Agreement, the related Schedule to the ISDA Master Agreement, and the related Confirmation or (ii) a long form confirmation, in each case in form and substance reasonably
acceptable to the Administrative Agent. 
 “Hedge Counterparty” shall mean the initial counterparty under a Hedge
Agreement, and any Qualifying Hedge Counterparty to such Hedge Agreement thereafter. 
 “Hedge Requirements” shall mean the
requirements of the Borrower within two (2) Business Days of the Closing Date and on each Funding Date to enter into forward-starting interest rate swap agreements with a forward start date no later than the Facility Maturity Date and with an
amortizing notional balance schedule which, after giving effect to such interest rate swap agreement, will cause not greater than 110.0% and not less than 90.0% of the aggregate Expected Amortization Profile of the Aggregate Outstanding Advances to
be subject to a fixed interest rate, with each such interest rate swap agreement being entered into at the market fixed versus LIBOR swap rate as at the date of the execution thereof and (ii) upon the election of the Borrower or no later than
five (5) Business Days following the occurrence of a Hedge Trigger Event and each Funding Date thereafter, enter into one or more interest rate swap or cap agreements with a Hedge Counterparty, under which the Borrower will expect to, at all
times until the Facility Maturity Date, receive on or about each Payment Date, an amount required to maintain a fixed interest rate or interest rate protection at then current market interest rates on not greater than 110.0% and not less than 90.0%
of the expected notional balance of the Aggregate Outstanding Advances through 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-17 

 
the Facility Maturity Date (determined after giving effect to Advances and payments made on the applicable Funding Date) (it being understood that an interest rate swap agreement entered into
under clause (i) of this definition of “Hedge Requirements” (to the extent the effective date thereof is earlier than the Facility Maturity Date) may be taken into account in determining whether the Borrower satisfies the requirements
of this clause (ii)). 
 “Hedge Trigger Event” shall mean the occurrence of either of the following (i) LIBOR for any
Interest Accrual Period is greater than or equal to 2.75% or (ii) the end of the Availability Period. 
 “Hedged SREC”
shall mean a solar renewable energy certificate representing any and all environmental credits, benefits, emissions reductions, offsets and allowances, howsoever entitled, that are created or otherwise arise from a PV System’s generation of
electricity, including a solar renewable energy certificate issued to comply with a State’s renewable portfolio standard, which is subject to a Hedged SREC Agreement. 

“Hedged SREC Agreement” shall mean, with respect to a PV System, the agreement evidencing all conditions to the payment of
Hedged SREC Payments by the Eligible Hedged SREC Counterparty and the rate and timing of such Hedged SREC Payments. 
 “Hedged SREC
Credit Support Obligations” shall mean that Indebtedness constituting credit support for Hedged SRECs in favor of Eligible Hedged SREC Counterparties in the form of guarantees, letters of credit and similar reimbursement and credit support
obligations. 
 “Hedged SREC Payments” shall mean, with respect to a PV System and the related Hedged SREC Agreement, all
payments due by the related Eligible Hedged SREC Counterparty under or in respect of such Hedged SREC Agreement. 
 “Hedged SREC
Solar Asset” shall mean (i) a Hedged SREC Agreement and all rights and remedies of the Borrower thereunder, including all Hedged SREC Payments due on and after the related Cut-Off Date and any
related security therefor, (ii) the related Hedged SRECs subject to such Hedged SREC Agreement, and (iii) all documentation in the Solar Asset File and other documents maintained by the Verification Agent related to such Hedged SREC
Agreement and related Hedged SRECs. 
 “Host Customer” shall mean the customer under a Solar Service Agreement. 

“Host Customer Payments” shall mean with respect to a PV System and a Solar Service Agreement, all payments due from the
related Host Customer under or in respect of such Solar Service Agreement, including any amounts payable by such Host Customer that are attributable to sales, use or property taxes. 

“Host Customer Security Deposit” shall mean any security deposit that a Host Customer must provide in accordance with such
Host Customer’s Solar Service Agreement or the Facility Administrator’s credit and collections policy. 
 “Host Customer
Solar Asset” shall mean (i) a PV System installed on a residential property, (ii) all related real property rights, Permits and Manufacturer Warranties (in each case, to the extent

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-18 

 
transferable), (iii) all rights and remedies of the lessor/seller under the related Solar Service Agreement, including all Host Customer Payments on and after the related Cut-Off Date and any related security therefor (other than Host Customer Security Deposits) and all Energy Storage System Incentives, (iv) all related PBI Solar Assets on and after the related Cut-Off Date, and (v) all documentation in the Solar Asset File and other documents maintained by the Verification Agent related to such PV System, the Solar Service Agreement and PBI Documents, if any. 

“Indebtedness” shall mean as to any Person at any time, any and all indebtedness, obligations or liabilities (whether matured
or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of: (i) borrowed money; (ii) obligations of such Person evidenced by bonds, debentures, notes or
other similar instruments; (iii) amounts raised under or liabilities in respect of any note purchase or acceptance credit facility; (iv) reimbursement obligations under any letter of credit, currency swap agreement, interest rate swap,
cap, collar or floor agreement or other interest rate management device (other than in connection with this Agreement); (v) obligations of such Person to pay the deferred purchase price of property or services; (vi) obligations of such Person
as lessee under leases which have been or should be in accordance with GAAP recorded as capital leases; (vii) any other transaction (including without limitation forward sale or purchase agreements, capitalized leases and conditional sales
agreements) having the commercial effect of a borrowing of money entered into by such Person to finance its operations or capital requirements, and whether structured as a borrowing, sale and leaseback or a sale of assets for accounting purposes;
(viii) any guaranty or endorsement of, or responsibility for, any Indebtedness of the types described in this definition; (ix) liabilities secured by any Lien on property owned or acquired, whether or not such a liability shall have been
assumed (other than any Permitted Liens or Permitted Equity Liens); or (x) unvested pension obligations. 
 “Indemnified
Taxes” shall mean (i) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of the Borrower under any Transaction Document and (ii) to the extent not otherwise
described in clause (i), Other Taxes. 
 “Indemnitees” shall have the meaning set forth in Section 10.5. 

“Independent Director” shall have the meaning set forth in Section 5.1(M). 

“Initial Solar Asset” shall mean each Solar Asset listed on the Schedule of Solar Assets as of the Closing Date. 

“Insolvency Event” shall mean, with respect to any Person: 

(i)    the commencement of: (a) a voluntary case by such Person under the Bankruptcy Code or
(b) the seeking of relief by such Person under other debtor relief Laws in any jurisdiction outside of the United States; 

(ii)    the commencement of an involuntary case against such Person under the Bankruptcy Code (or other
debtor relief Laws) and the petition is not controverted or dismissed within sixty (60) days after commencement of the case; 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-19 

 (iii)    a custodian (as defined in the Bankruptcy Code)
(or equal term under any other debtor relief Law) is appointed for, or takes charge of, all or substantially all of the property of such Person; 

(iv)    such Person commences (including by way of applying for or consenting to the appointment of, or the
taking of possession by, a rehabilitator, receiver, custodian, trustee, conservator or liquidator (or any equal term under any other debtor relief Laws) (collectively, a “conservator”) of such Person or all or any substantial portion of
its property) any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency, liquidation, rehabilitation, conservatorship or similar law of any jurisdiction whether now or hereafter in
effect relating to such Person; 
 (v)    such Person is adjudicated by a court of competent jurisdiction
to be insolvent or bankrupt; 
 (vi)    any order of relief or other order approving any such case or
proceeding referred to in clauses (i) or (ii) above is entered; 
 (vii)    such Person suffers any
appointment of any conservator or the like for it or any substantial part of its property that continues undischarged or unstayed for a period of sixty (60) days; or 

(viii)    such Person makes a compromise, arrangement or assignment for the benefit of creditors or
generally does not pay its debts as such debts become due. 
 “Interconnection Agreement” shall mean, with respect to a PV
System, a contractual obligation between a utility and a Host Customer that allows the Host Customer to interconnect such PV System to the utility electrical grid. 

“Interest Accrual Period” shall mean for each Payment Date, the period from and including the immediately preceding Payment
Date to but excluding such Payment Date except that the Interest Accrual Period for the initial Payment Date shall be the actual number of days from and including the Closing Date to, but excluding, the initial Payment Date; provided,
however, that with respect to any application of Distributable Collections pursuant to Section 2.7(C) on a Business Day other than a Payment Date, the “Interest Accrual Period” shall mean the period from and including the
immediately preceding Payment Date to but excluding such Business Day. 
 “Interest Distribution Amount” shall mean,
individually or collectively as the context may require, the Class A Interest Distribution Amount and the Class B Interest Distribution Amount. For the avoidance of doubt, the Interest Distribution Amount shall not constitute
“Confidential Information.” 
 “Internal Revenue Code” shall mean the Internal Revenue Code of 1986, as the same
may be amended or supplemented from time to time, or any successor statute, and the rules and regulations thereunder, as the same are from time to time in effect. 

“Inverter” shall mean, with respect to a PV System, the necessary device required to convert the variable direct electrical
current (DC) output from a Solar Photovoltaic Panel into a 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-20 

 
utility frequency alternating electrical current (AC) that can be used by a Host Customer’s home or property, or that can be fed back into a utility electrical grid pursuant to an
Interconnection Agreement. 
 “IPO” shall mean the issuance by the Parent or any Subsidiary of its Capital Stock in an
underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant to an effective registration statement filed with the Securities Exchange
Commission in accordance with the Securities Act of 1933, as amended. 
 “Law” shall mean any law (including common law),
constitution, statute, treaty, regulation, rule, ordinance, order, guideline, judgment, injunction, writ, decree or award of any Governmental Authority. 

“Lease Agreement” shall mean an agreement between the owner of the PV System and a Host Customer whereby the Host Customer
leases a PV System from such owner for fixed or escalating monthly payments. 
 “Lender Group” shall mean, individually or
collectively as the context may require, each Class A Lender Group and each Class B Lender Group, as applicable. 

“Lender Group Percentage” shall mean, individually or collectively as the context may require, each Class A Lender Group
Percentage and each Class B Lender Group Percentage, as applicable. 
 “Lender Representative” shall have the meaning
set forth in Section 10.16(B)(i). 
 “Lenders” shall have the meaning set forth in the introductory paragraph hereof.

 “Letter of Credit” means any letter of credit issued by an Eligible Letter of Credit Bank and provided by the Borrower
to the Administrative Agent in lieu of or in substitution for moneys otherwise required to be deposited in the Liquidity Reserve Account or the Supplemental Reserve Account, as applicable, which Letter of Credit is to be held as an asset of the
Liquidity Reserve Account or the Supplemental Reserve Account, as applicable, and which satisfies each of the following criteria: (i) the related account party of which is not the Borrower, (ii) is issued for the benefit of the Paying
Agent, (iii) has a stated expiration date of at least 180 days from the date of determination (taking into account any automatic renewal rights), (iv) is payable in Dollars in immediately available funds to the Paying Agent upon the delivery of
a draw certificate duly executed by the Paying Agent stating that (A) such draw is required pursuant to Section 8.2(C) or (D), as applicable, or (B) the issuing bank ceased to be an Eligible Letter of
Credit Bank and the Letter of Credit has not been extended or replaced with a Letter of Credit issued by an Eligible Letter of Credit Bank within ten (10) Business Days such issuing bank ceasing to be an Eligible Letter of Credit Bank,
(v) the funds of any draw request submitted by the Paying Agent in accordance with Sections 8.2(C) and (D) will be made available in cash no later than two (2) Business Days after the Paying Agent submits the applicable
drawing documents to the related Eligible Letter of Credit Bank, and (vi) that has been reviewed by the Administrative Agent and otherwise contains terms and conditions that are acceptable to the Administrative Agent. For purposes of
determining the amount on deposit in the Liquidity Reserve Account or the Supplemental Reserve Account, as applicable, the Letter of Credit shall be valued at the amount as of any date then available to be drawn under such Letter of Credit. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-21 

 “LIBOR” shall mean (a) an interest rate per annum equal to the rate
appearing on the applicable Screen Rate; or (b) (if no Screen Rate is available for U.S. Dollars or the Interest Accrual Period or such Screen Rate ceases to be available), the arithmetic mean of the rates (rounded upwards to four decimal places) as
supplied to the Administrative Agent at its request quoted by the Base Reference Banks, in each case at approximately 11:00 A.M., London time, two (2) Business Days prior to the commencement of such Interest Accrual Period for the offering of
deposits in U.S. Dollars in the principal amount of the Advances and for a three (3) month period. Notwithstanding the foregoing, if LIBOR as determined herein would be less than zero (0.00), such rate shall be deemed to be zero percent (0.00%)
for purposes of this Agreement. Notwithstanding the foregoing, if at any time while any Advances are outstanding, the applicable London interbank offered rate described in the definition of Screen Rate ceases to exist or be reported on the Screen
Rate, the Administrative Agent may select (with notice to the Borrower and any other Lenders) an alternative rate, including any applicable spread adjustments thereto (the “Alternative Rate”) that in its commercially reasonable
judgment is consistent with the successor for the London interbank offered rate, including any applicable spread adjustments thereto, generally being used in the new issue collateralized loan obligation market and all references herein to
“LIBOR” will mean such Alternative Rate selected by the Administrative Agent. 
 “Lien” shall mean any mortgage,
deed of trust, pledge, lien, security interest, charge or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including any conditional sale or title retention arrangement, and any
assignment, deposit arrangement or lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing (whether or not a lien or other encumbrance is created or exists at the time of the
filing). 
 “Liquidated Damages Amount” shall have the meaning set forth in the Parent Guaranty. 

“Liquidation Fee” shall mean for any Interest Accrual Period for which a reduction of the principal balance of the relevant
Advance is made for any reason, on any day other than the last day of such Interest Accrual Period, the amount, if any, by which (A) the additional interest (calculated without taking into account any Liquidation Fee or any shortened duration
of such Interest Accrual Period) which would have accrued during the portion of such Interest Accrual Period for which the cost of funding had been established prior to such reduction of the principal balance on the portion of the principal balance
so reduced, exceeds (B) the income, if any, received by the Conduit Lender or the Non-Conduit Lender which holds such Advance from the investment of the proceeds of such reductions of principal balance
for the portion of such Interest Accrual Period for which the cost of funding had been established prior to such reduction of the principal balance. A statement as to the amount of any Liquidation Fee (including the computation of such amount) shall
be submitted by the affected Conduit Lender or the Non-Conduit Lender to the Borrower and shall be prima facie evidence of the matters to which it relates for the purpose of any litigation or arbitration
proceedings, absent manifest error or fraud. Such statement shall be submitted five (5) Business Days prior to such amount being due. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-22 

 “Liquidity Reserve Account” shall have the meaning set forth in
Section 8.2(A)(iii). 
 “Liquidity Reserve Account Required Balance” shall mean on any date of determination, an
amount equal to the sum of (i) the product of (a) six, (b) one-twelfth, (c) the Aggregate Outstanding Advances and (d) the weighted average effective per annum rate used to calculate the Class A Interest Distribution Amounts and the
Class B Interest Distribution Amounts for the immediately preceding Payment Date, (ii) the Final Stage Solar Asset Reserve Amount, (iii) the East Region Substantial Stage Date Solar Asset Reserve Amount and (iv) the Non-East Region Substantial Stage Date Solar Asset Reserve Amount. 
 “Loan Note” shall
mean, individually or collectively as the context may require, each Class A Loan Note and each Class B Loan Note, as applicable. 

“Majority Class B Lenders” shall mean, as of any date of determination, Class B Lenders having
Class B Advances exceeding fifty percent (50%) of all outstanding Class B Advances. 
 “Majority Lenders” shall
mean, as of any date of determination, (i) unless and until all Obligations owing to any Class A Lender solely in its capacity as a Class A Lender have been reduced to zero, Class A Lenders having Class A Advances exceeding
fifty percent (50%) of all outstanding Class A Advances, and (ii) at any time on and after all Obligations owing to each Class A Lender solely in its capacity as Class A Lender have been reduced to zero, Class B Lenders
having Class B Advances exceeding fifty percent (50%) of all outstanding Class B Advances; provided, that (w) in the event that no Advances are outstanding as of such date, “Majority Lenders” shall mean
Administrative Agent, (x) so long as CSNY, its Affiliates or any related Conduit Lender with respect to CSNY or its Affiliates (the foregoing collectively referred to herein as the “Credit Suisse Related Parties”) holds at
least twenty-five percent (25%) of Class A Advances or, if no Obligations are owing to any Class A Lender, Class B Advances or, if no Obligations are owing to any Lender, “Majority Lenders” shall include such Credit
Suisse Related Party holding such Advances hereunder and (y) at any time there are two or less Class A Lenders, the term “Majority Lenders” shall mean all Class A Lenders holding at least ten percent (10%) of
Class A Advances. For the purposes of determining the number of Lenders in the foregoing proviso, Affiliates of a Lender shall constitute the same Lender. 

“Management Agreement” shall mean, collectively, each document set forth under the heading “Management
Agreements” on Schedule VIII hereto. 
 “Manager” shall mean, collectively, each entity set forth under the
heading “Managers” on Schedule VIII hereto. 
 “Manager Fee” shall mean the fees, expenses and other
amounts owed to the Manager pursuant to the Management Agreements. 
 “Managing Member” shall mean, collectively, each
entity set forth under the heading “Managing Members” on Schedule VIII hereto. 
 “Managing Member
Distributions” shall mean all distributions and payments in any form made, or due to be made, to the Managing Member or the Borrower in connection with its ownership interest in the Managing Member Interests, including Hedged SREC Payments.

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-23 

 “Managing Member Distributions Payment Level” shall mean, for any
Collection Period, the quotient (expressed as a percentage) of (i) the sum of all Managing Member Distributions actually received in the Collection Account during such Collection Period, divided by (ii) the Scheduled Managing Member
Distributions during such Collection Period. 
 “Managing Member Interests” shall mean, collectively, the Managing
Members’ interest in 100% of the interests listed under the heading “Managing Member Interests” on Schedule VIII hereto. 

“Managing Member Pledge Agreement” shall mean the pledge and security agreement entered into by the Managing Member and
delivered to the Administrative Agent, upon the Borrower’s exercise and completion of a Purchase Option, covering the Class A membership interest of the Managing Member in the related Financing Fund following the exercise of such Purchase
Option. 
 “Manufacturer’s Warranty” shall mean any warranty given by a manufacturer of a PV System relating to such
PV System or any part or component thereof. 
 “Margin Stock” shall have the meaning set forth in Regulation U. 

“Marketable REC” shall mean a renewable energy certificate representing any and all environmental credits, benefits,
emissions reductions, offsets and allowances, howsoever entitled, that are created or otherwise arise from a PV System’s generation of electricity, including a solar renewable energy certificate issued to comply with a State’s renewable
portfolio standard and in each case resulting from the avoidance of the emission of any gas, chemical, or other substance attributable to the generation of solar energy by a PV System. For the avoidance of doubt, Marketable RECs do not include any
renewable energy certificates that are the basis for PBI Payments or to which a PBI Obligor is given title to under a performance based incentive program or the basis for any Hedged SREC Payments. 

“Master Purchase Agreement” shall mean, collectively, each document set forth under the heading “Master Purchase
Agreements” on Schedule VIII hereto. 
 “Material Adverse Effect” shall mean, any event or circumstance
having a material adverse effect on any of the following: (i) the business, property, operations or financial condition of the Borrower, the Facility Administrator, the Parent, a Financing Fund, the Managing Member or SAP II, (ii) the
ability of the Borrower or the Facility Administrator to perform its respective obligations under the Transaction Documents (including the obligation to pay interest that is due and payable), (iii) the validity or enforceability of, or the legal
right to collect amounts due under or with respect to, a material portion of the Eligible Solar Assets, or (iv) the priority or enforceability of any liens in favor of the Administrative Agent. 

“Maturity Date” shall mean the earliest to occur of (i) the Facility Maturity Date, (ii) the occurrence of an Event
of Default and declaration of all amounts due in accordance with Section 6.2(B) and (iii) the date of any voluntary termination of the Facility by the Borrower; provided that the Maturity Date may be extended in accordance with
Section 2.16. 
 “Maximum Facility Amount” shall mean $250,000,000. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-24 

 “Minimum Payoff Amount” shall mean, with respect to a Takeout Transaction,
an amount of proceeds equal to the sum of (i) the product of the aggregate Discounted Solar Asset Balance or the Collateral subject to such Takeout Transaction times the Effective Advance Rate then in effect plus (ii) any
accrued interest with respect to the amount of principal of Advances being prepaid in connection with such Takeout Transaction, plus (iii) any fees due and payable to any Lender or the Administrative Agent with respect to such Takeout
Transaction; provided that if such Takeout Transaction is being undertaken to cure an Event of Default, then the Minimum Payoff Amount shall include such additional proceeds as are necessary to cure such Event of Default, if any. 

“Moody’s” shall mean Moody’s Investors Service, Inc., or any successor rating agency. 

“Multi-Employer Plan” shall mean a multi-employer plan, as defined in Section 4001(a)(3) of ERISA to which the Borrower
or any ERISA Affiliate is making or accruing an obligation to make contributions or has within any of the preceding five plan years made or accrued an obligation to make contributions or had liability with respect to. 

“Multiple Employer Plan” shall mean a Single Employer Plan, to which the Borrower or any ERISA Affiliate, and one or more
employers other than the Borrower or an ERISA Affiliate, is making or accruing an obligation to make contributions or, in the event that any such plan has been terminated, to which the Borrower or an ERISA Affiliate made or accrued an obligation to
make contributions during any of the five plan years preceding the date of termination of such plan. 
 “Nationally Recognized
Accounting Firm” shall mean (A) PricewaterhouseCoopers LLP, Ernst & Young LLP, KPMG LLC, Deloitte LLP and any successors to any such firm and (B) any other public accounting firm designated by the Parent and approved by
the Administrative Agent, such approval not to be unreasonably withheld or delayed. 
 “Net Cash Flow” shall mean for any
Collection Period (i) with respect to the Managing Member Interests (A) the Scheduled Managing Member Distributions minus (B) the sum of (x) the Tax Equity Investor Distribution Reduction Amount for such Collection period and
(y) amounts attributable to (1) Solar Assets that were Transferable Solar Assets as of the last day of such Collection Period, and (2) SRECs related to the Solar Assets that are not Hedged SRECs, and (ii) with respect to a SAP II
Solar Asset (other than a Substantial Stage Solar Asset), an amount equal to (A) the sum of (x) the Scheduled Host Customer Payment for such SAP II Solar Asset during such Collection Period, plus (y) the Scheduled PBI Payments for
such SAP II Solar Asset during such Collection Period minus (B) the Operational Amounts for such Collection Period. 
 “Net
Scheduled Payment” shall mean, with respect to a Host Customer Solar Asset and PBI Solar Asset and any Collection Period an amount equal to (i) the sum of (A) the Scheduled Host Customer Payment for such Host Customer Solar Asset
during such Collection Period, plus (B) the Scheduled PBI Payments for such Host Customer Solar Asset during such Collection Period, minus (ii) the Manager Fee and the Servicing Fee allocated with respect to such Host Customer Solar Asset
during such Collection Period. 
 “Non-Conduit Lender” shall mean each Lender that
is not a Conduit Lender. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-25 

 “Non-East Region” means any state
or territory of the United States that is not an East Region state or territory. 

“Non-East Region Substantial Stage Date Solar Asset Reserve Amount” shall mean, as of
any date of determination, the product of (i) 8/3 times (ii) the sum of the Class A Interest Distribution Amount and the Class B Interest Distribution Amount due and payable on the immediately succeeding Payment Date times
(iii) the ratio of (x) the aggregate principal balance of all Advances related to Substantial Stage Solar Assets the Obligor of which is located in a Non-East Region as of such date divided by
(y) the Aggregate Outstanding Advances as of such date; provided, however, that solely for the purpose of determining the Non-East Region Substantial Stage Date Solar Asset Reserve Amount as of the
Restatement Date, the Non-East Region Substantial Stage Date Solar Asset Reserve Amount shall be an amount reasonably calculated by the Administrative Agent and provided to the Borrower prior to the
Restatement Date. 
 “Notice of Borrowing” shall have the meaning set forth in Section 2.4. 

“Obligations” shall mean and include, with respect to each of the Borrower, SAP II, the Managing Member or Parent,
respectively, all loans, advances, debts, liabilities, obligations, covenants and duties owing by such Person to the Administrative Agent, the Paying Agent or any Lender of any kind or nature, present or future, arising under this Agreement, the
Loan Notes, the Security Agreement, the Pledge Agreement, the Subsidiary Guaranty, any of the other Transaction Documents or any other instruments, documents or agreements executed and/or delivered in connection with any of the foregoing, but, in
the case of Parent, solely to the extent Parent is a party thereto, whether or not for the payment of money, whether arising by reason of an extension of credit, the issuance of a letter of credit, a loan, guaranty, indemnification or in any other
manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising. The term includes the principal amount of all Advances, together with interest, charges,
expenses, fees, attorneys’ and paralegals’ fees and expenses, any other sums chargeable to the Borrower or Parent, as the case may be, under this Agreement or any other Transaction Document pursuant to which it arose but, in the case of
Parent, solely to the extent Parent is a party thereto. 
 “OFAC” shall have the meaning set forth in Section 4.1(S).

 “Officer’s Certificate” shall mean a certificate signed by an authorized officer of an entity. 

“Operational Amounts” shall mean amounts necessary for SAP II to pay the Manager for O&M Services and Servicing Services
related to Solar Assets owned by SAP II. 
 “Original Credit Agreement” shall have the meaning set forth in the recitals.

 “Original Obligations” shall mean the Obligations (as defined in the Original Credit Agreement) arising under the
Original Credit Agreement and the transactions contemplated thereby. 
 “Other Connection Taxes” shall mean, with respect
to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-26 

 
party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Transaction
Document, or sold or assigned an interest in any Solar Asset or Transaction Document). 
 “Other Taxes” shall mean all
present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a
security interest under, or otherwise with respect to, any Transaction Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment. 

“O&M Services” shall mean the services required to be performance by the Manager pursuant to the terms of each Management
Agreement, including all administrative, operations, maintenance, collection and other management services with respect to the related Solar Assets, maintaining required insurance and collecting sales and use taxes payable by Host Customers under
their Solar Service Agreements. 
 “Parent” shall mean Sunnova Energy Corporation, a Delaware corporation. 

“Parent Guaranty” shall mean the Limited Performance Guaranty, dated as of the Closing Date, by the Parent in favor of the
Borrower and the Administrative Agent. 
 “Participant” shall have the meaning set forth in Section 10.8. 

“Participant Register” shall have the meaning set forth in Section 10.8. 

“Parts” shall mean components of a PV System. 

“Patriot Act” shall have the meaning set forth in Section 10.18. 

“Paying Agent” shall have the meaning set forth in the introductory paragraph hereof. 

“Paying Agent Account” shall have the meaning set forth in Section 8.2(A)(v). 

“Paying Agent Fee” shall mean a fee payable by the Borrower to the Paying Agent as set forth in the Paying Agent Fee Letter.

 “Paying Agent Fee Letter” shall mean that certain letter agreement, dated as of August 7, 2018, between the
Borrower and the Paying Agent. 
 “Paying Agent Indemnified Parties” shall have the meaning set forth in Section 9.5.

 “Payment Date” shall mean the 30th day of each October, January, April and July or, if such 30th day is not a Business
Day, the next succeeding Business Day, commencing October 2018. 
 “Payment Facilitation Agreement” shall mean each
modification, waiver or amendment agreement (including a replacement Solar Service Agreement) entered into by the Manager in accordance with a Servicing Agreement relating to a Solar Service Agreement. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-27 

 “PBI Documents” shall mean, with respect to a PV System, (i) all
applications, forms and other filings required to be submitted to a PBI Obligor in connection with the performance based incentive program maintained by such PBI Obligor and the procurement of PBI Payments, and (ii) all approvals, agreements
and other writings evidencing (a) that all conditions to the payment of PBI Payments by the PBI Obligor have been met, (b) that the PBI Obligor is obligated to pay PBI Payments and (c) the rate and timing of such PBI Payments. 

“PBI Liquidated Damages” shall mean any liquidated damages due and payable to a PBI Obligor in respect of a Solar Asset. 

“PBI Obligor” shall mean a utility or Governmental Authority that maintains or administers a renewable energy program
designed to incentivize the installation of PV Systems and use of solar generated electricity that has approved and is obligated to make PBI Payments to the owner of the related PV System. 

“PBI Payments” shall mean, with respect to a PV System and the related PBI Documents, all payments due by the related PBI
Obligor under or in respect of such PBI Documents; provided, that PBI Payments do not include Rebates or Hedged SRECs or amounts received, if any, in respect of Hedged SRECs. 

“PBI Solar Assets” shall mean (i) all rights and remedies of the payee under any PBI Documents related to such PV
System, including all PBI Payments on and after the related Transfer Date and (ii) all documentation in the Solar Asset File and other documents maintained by the Verification Agent related to such than PBI Documents. 

“Performance Guaranty” shall mean, with respect to a PV System, an agreement in the form of a production warranty between the
Host Customer and Parent (or in some cases, between the Host Customer and the owner of the Solar Asset), which the Facility Administrator has agreed to perform on behalf of the Borrower that specifies a minimum level of solar energy production, as
measured in kWh, for a specified time period. Such guarantees stipulate the terms and conditions under which the Host Customer could be compensated if their PV System does not meet the electricity production guarantees. 

“Permission to Operate” shall mean, with respect to any PV System, receipt of a letter or functional equivalent from the
connecting utility authorizing such PV System to be operated. 
 “Permits” shall mean, with respect to any PV System, the
applicable permits, franchises, leases, orders, licenses, notices, certifications, approvals, exemptions, qualifications, rights or authorizations from or registration, notice or filing with any Governmental Authority required to operate such PV
System. 
 “Permitted Assignee” shall mean (a) a Lender or any of its Affiliates, (b) any Person managed by a
Lender or any of its Affiliates, and (c) any Program Support Provider for any Conduit Lender, an Affiliate of any Program Support Provider, or any commercial paper conduit administered, sponsored or managed by a Lender or to which a Non-Conduit Lender provides liquidity support, an Affiliate of a Lender or an Affiliate of an entity that administers or manages a Lender or with respect to which the related Program Support Provider of such
commercial paper conduit is a Lender. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-28 

 “Permitted Equity Liens” shall mean the ownership interest of the related
Tax Equity Investor in the related Tax Equity Fund and in each case arising under the related Financing Fund LLCA. 
 “Permitted
Indebtedness” shall mean (i) Indebtedness under the Transaction Documents, and (ii) to the extent constituting Indebtedness, reimbursement obligations of the Borrower owed to the Borrower in connection with the payment of expenses
incurred in the ordinary course of business in connection with the financing, management, operation or maintenance of the Solar Assets or the Transaction Documents. 

“Permitted Investments” shall mean any one or more of the following obligations or securities: (i) (a) direct interest
bearing obligations of, and interest-bearing obligations guaranteed as to payment of principal and interest by, the United States or any agency or instrumentality of the United States the obligations of which are backed by the full faith and credit
of the United States; (b) direct interest-bearing obligations of, and interest-bearing obligations guaranteed as to payment of principal and interest by, the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation,
but only if, at the time of investment, such obligations are assigned the highest credit rating by S&P; and (c) evidence of ownership of a proportionate interest in specified obligations described in (a) and/or (b) above; (ii)
demand, time deposits, money market deposit accounts, certificates of deposit of and federal funds sold by, depository institutions or trust companies incorporated under the laws of the United States of America or any state thereof (or domestic
branches of foreign banks), subject to supervision and examination by federal or state banking or depository institution authorities, and having, at the time of a relevant Borrower’s investment or contractual commitment to invest therein, a
short term unsecured debt rating of “A-1” by S&P; (iii) securities bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States of
America or any state thereof which have a rating of no less than “A-1+” by S&P and a maturity of no more than 365 days; (iv) commercial paper (including both
non-interest bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more than one year after the closing date thereof) of any corporation (other than the
Parent), incorporated under the laws of the United States of America or any state thereof, that, at the time of the investment or contractual commitment to invest therein, a rating of “A-1” by
S&P; (v) money market mutual funds, or any other mutual funds registered under the 1940 Act which invest only in other Permitted Investments, having a rating, at the time of such investment, in the highest rating category by S&P;
(vi) money market deposit accounts, demand deposits, time deposits or certificates of deposit of any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to
supervision and examination by federal or state banking or depository institution authorities; provided, however, that at the time of the investment or contractual commitment to invest therein, the commercial paper or other short-term unsecured debt
obligations (other than such obligations the rating of which is based on the credit of a Person other than such depository institution or trust company) thereof will be rated “A-1+” by S&P,
including proprietary money market funds offered or managed by the Paying Agent or an Affiliate thereof; (vii) repurchase agreements with respect to obligations of, or guaranteed as to principal and interest by, the United States of America or
any agency or instrumentality thereof when such obligations are backed by the full faith and credit of the United States of America; provided, however, that the unsecured obligations of the party agreeing to repurchase such obligations at the time
have a credit rating of no less than the A-1 by S&P; and (viii) any investment agreement (including guaranteed 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-29 

 
investment certificates, forward delivery agreements, repurchase agreements or similar obligations) with an entity which on the date of acquisition has a credit rating of no less than the A-1 by S&P, in each case denominated in or redeemable in Dollars. 
 “Permitted
Investor” shall mean collectively, Energy Capital Partners III, LP, Energy Capital Partners III-A, LP, Energy Capital Partners III-B, LP, Energy Capital
Partners III-C, LP and Energy Capital Partners-D, LP, Quantum Strategic Partners, and each of their Permitted Transferees (as defined in the Investors Agreement, dated
as of March 29, 2018, by and among the Parent and the other signatories thereto). 
 “Permitted Liens” shall mean
(i) any lien for taxes, assessments and governmental charges or levies owed by the applicable asset owner and not yet due and payable or which are being contested in good faith, (ii) Liens in favor of the Administrative Agent (or in favor
of the Borrower and created pursuant to the Transaction Documents), (iii) solely in the case of Substantial Stage Solar Assets and Final Stage Solar Assets, workmen’s, mechanic’s, or similar statutory Liens securing obligations owing to
approved channel partners (or subcontractors of channel partners) which are not yet due or for which reserves in accordance with GAAP have been established; provided that any such Solar Asset shall be classified as a Defective Solar Asset if
not resolved within sixty (60) days of such Solar Asset receiving Permission to Operate from the applicable Governmental Authority, (iv) Liens on cash collateral or other liquid assets in favor of Eligible Hedged SREC Counterparties
securing Hedged SREC Credit Support Obligations that constitute Permitted Indebtedness, (v) to the extent a PV System constitutes a fixture, any conflicting interest of an encumbrancer or owner of the real property that has or would have
priority over the applicable UCC fixture filing (or jurisdictional equivalent) so long as any such lien does not adversely affect the rights of the Borrower of the Administrative Agent and (vi) any rights of customers under Host Customers
Agreements. 
 “Person” shall mean any individual, corporation (including a business trust), partnership, limited liability
company, joint-stock company, trust, unincorporated organization or association, joint venture, government or political subdivision or agency thereof, or any other entity. 

“Plan” shall mean an employee pension benefit plan which is covered by Title IV of ERISA or subject to the minimum funding
standards under Section 412 of the Internal Revenue Code as to which the Borrower or any Affiliate may have any liability. 

“Pledge Agreement” shall mean the Pledge Agreement, dated as of the Closing Date, by TEP II Developer, the Borrower and the
Managing Member in favor of the Administrative Agent, as amended, restated, modified and/or supplemented from time to time in accordance with its terms. 

“Potential Amortization Event” shall mean any occurrence or event that, with notice, passage of time or both, would
constitute an Amortization Event. 
 “Potential Default” shall mean any occurrence or event that, with notice, passage of
time or both, would constitute an Event of Default. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-30 

 “Power Purchase Agreement” shall mean an agreement between the owner of the
PV System and a Host Customer whereby the Host Customer agrees to purchase electricity produced by such PV System for a fixed fee per kWh. 

“Prepaid Solar Asset” shall mean a Solar Asset for which the related Host Customer has prepaid all amounts under the related
Solar Service Agreement. 
 “Projected Purchase Option Price” shall mean, with respect to a Purchase Option, an amount
estimated by the Managing Member and agreed upon by the Administrative Agent on or before the Scheduled Commitment Termination Date. Should the Availability Period expire before the Scheduled Commitment Termination Date, the Administrative Agent may
use its reasonable judgment to estimate the Projected Purchase Option Price. 
 “Program Support Provider” shall mean and
include any Person now or hereafter extending liquidity or credit or having a commitment to extend liquidity or credit to or for the account of, or to make purchases from, a Conduit Lender (or any related commercial paper issuer that finances such
Conduit Lender) in support of commercial paper issued, directly or indirectly, by such Conduit Lender in order to fund Advances made by such Conduit Lender hereunder. 

“Projected SREC Hedge Ratio” shall mean, with respect to a state and SREC Year, the quotient (expressed as a percentage) of
(i) the sum of all SRECs to be delivered for such SREC Year (or portion of an SREC Year remaining) under Hedged SREC Agreements for such state, divided by (ii) SRECs that are available for delivery in such SREC Year (or portion of an SREC
Year remaining) in such state, as calculated by the Administrative Agent. For the avoidance of doubt, only PV Systems that have been certified for SREC production will be included in the calculation of SRECs available for delivery. 

“Puerto Rico Solar Asset” shall mean a Host Customer Solar Asset for which the related PV System is installed on a residence
in Puerto Rico. 
 “Purchase Option” shall mean, collectively, each purchase option set forth under the heading
“Purchase Options” on Schedule VIII hereto. 
 “Purchase Option Price” shall have the meaning set forth in
the Tax Equity Financing Documents. 
 “Purchase Standard” shall mean (i) the terms of the related Financing Fund LLCA
and the terms of the Transaction Documents to which the Borrower is a party, (ii) the availability of funds in the Supplemental Reserve Account to pay the Purchase Option Price as then projected by the Facility Administrator and (iii) the
same degree of analysis that the Borrower and its Affiliates use in determining whether or not to exercise similar purchase options for comparable assets owned by the Borrower and its Affiliates, taking into consideration the best interests of all
parties to the Transaction Documents. 
 “PV System” shall mean, with respect to a Solar Asset, a photovoltaic system,
including Solar Photovoltaic Panels, Inverters, Racking Systems, any Energy Storage Systems installed in connection therewith, wiring and other electrical devices, as applicable, conduits, weatherproof housings, hardware, remote monitoring
equipment, connectors, meters, disconnects and over current devices (including any replacement or additional parts included from time to time). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-31 

 “Qualifying Hedge Counterparty” shall mean (i) a counterparty which at
all times satisfies all then applicable counterparty criteria of S&P or Moody’s for eligibility to serve as counterparty under a structured finance transaction rated “A+”, in the case of S&P or “A1”, in the case of
Moody’s or (ii) an affiliate of any Funding Agent (in which case rating agency counterparty criteria shall not be applicable). 

“Qualifying Hedge Counterparty Joinder” shall mean that certain Joinder Agreement executed by a Qualifying Hedge Counterparty
and acknowledged by the Administrative Agent, a copy of which shall be provided to all Parties to this Agreement. 
 “Racking
System” shall mean, with respect to a PV System, the hardware required to mount and securely fasten a Solar Photovoltaic Panel onto the Host Customer site where the PV System is located. 

“Rebate” shall mean any rebate by a PBI Obligor, electric distribution company, or state or local governmental authority or
quasi-governmental agency as an inducement to install or use a PV System, paid upon such PV System receiving Permission to Operate. 

“Recipient” shall mean the Administrative Agent, the Lenders or any other recipient of any payment to be made by or on
account of any obligation of the Borrower under this Agreement or any other Transaction Document. 
 “Register” shall have
the meaning set forth in Section 10.8. 
 “Related Parties” shall mean, with respect to any Person, such Person’s
Affiliates and the directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

“Relevant Parties” shall mean the Borrower, the Managing Member and SAP II. 

“Reportable Event” shall mean a reportable event as defined in Section 4043 of ERISA and the regulations issued under
such Section, with respect to a Plan, excluding, however, such events as to which the Pension Benefit Guaranty Corporation by regulation or by public notice waived the requirement of Section 4043(a) of ERISA that it be notified within thirty
(30) days of the occurrence of such event, provided, that a failure to meet the minimum funding standard of Section 412 of the Internal Revenue Code and of Section 302 of ERISA shall be a Reportable Event regardless of the issuance of
any such waivers in accordance with either Section 4043(a) of ERISA or Section 412(d) of the Internal Revenue Code. 

“Required Tax Loss Insurance Coverage Period” shall mean the period beginning on the date on which a Tax Loss Insurance
Policy is issued to, if prior to the scheduled expiration of a Tax Loss Insurance Policy, the Internal Revenue Service commenced an investigation of a Financing Fund that could result in a Tax Loss Indemnity with respect to such Financing Fund, the
date of either (a) the termination of such investigation without a determination by the Internal Revenue Service that results in a Tax Loss Indemnity or (b) a final determination with respect to such investigation and payment of any Tax
Loss Indemnity resulting from such final determination. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-32 

 “Responsible Officer” shall mean (x) with respect to the Paying Agent,
any President, Vice President, Assistant Vice President, Assistant Secretary, Assistant Treasurer or Corporate Trust Officer, or any other officer in the Corporate Trust Office customarily performing functions similar to those performed by any of
the above designated officers, in each case having direct responsibility for the administration of this Agreement or the Facility Administration Agreement, as applicable, and (y) with respect to any other party hereto, any corporation, limited
liability company or partnership, the chairman of the board, the president, any vice president, the secretary, the treasurer, any assistant secretary, any assistant treasurer, managing member and each other officer of such corporation or limited
liability company or the general partner of such partnership specifically authorized in resolutions of the board of directors of such corporation or managing member of such limited liability company to sign agreements, instruments or other documents
in connection with the Transaction Documents on behalf of such corporation, limited liability company or partnership, as the case may be, and who is authorized to act therefor. 

“Restatement Date” shall have the meaning set forth in the preamble. 

“S&P” shall mean S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, or any
successor rating agency. 
 “SAP II” shall mean Sunnova SAP II, LLC, a Delaware limited liability company. 

“SAP II Distributions” shall mean all distributions and payments in any form made, or due to be made, to the Borrower in
connection with its ownership interest in SAP II. 
 “SAP II Financing Documents” shall mean the documents listed on
Schedule IX hereto 
 “SAP II NTP Financing Documents” shall mean the documents listed on Schedule X hereto.

 “SAP II Revenue Account” shall have the meaning set forth in Section 8.2(A)(iv). 

“SAP II Solar Asset” shall mean a Solar Asset owned by SAP II. 

“SAP II Transfer” shall mean a transfer of Solar Assets pursuant to the SAP II NTP Financing Documents pursuant to which
(i) the SAP II Assets subject to such transfer are contemporaneously transferred to a Financing Fund and (ii) after giving to effect thereto, neither a Class A Borrowing Base Deficiency nor a Class B Borrowing Base Deficiency
exists, as demonstrated in a Borrowing Base Certificate delivered by the Borrower to the Administrative Agent no later than two (2) Business Days prior to the SAP II Transfer. 

“Schedule of Solar Assets” shall mean, as the context may require, the Schedule of Solar Assets owned by the Financing Funds
and SAP II, as such schedule may be amended from time to time in connection with the delivery of a Notice of Borrowing. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-33 

 “Scheduled Commitment Termination Date” shall mean May 20, 2022,
unless otherwise extended pursuant to and in accordance with Section 2.16. 
 “Scheduled Hedged SREC Payments” shall
mean the payments scheduled to be paid by an Eligible Hedged SREC Counterparty during each Collection Period, if any, as set forth on Schedule IV hereto, as the same may be updated from time to time. 

“Scheduled Host Customer Payments” shall mean for each Solar Asset, the payments scheduled to be paid by a Host Customer
during each Collection Period in respect of the initial term of the related Solar Services Agreement, as set forth on Schedule V hereto, as the same may be updated from time to time and may be adjusted by the Facility Administrator to reflect
that such Solar Asset has become a Defaulted Solar Asset, a Defective Solar Asset or if a Payment Facilitation Agreement has been executed in connection with such Solar Asset. The Scheduled Customer Payments exclude any amounts attributable to
sales, use or property taxes to be collected from Host Customers. 
 “Scheduled Managing Member Distributions” shall mean
forecasted Managing Member Distributions set as set forth on Schedule VII hereto. 
 “Scheduled PBI Payments” shall
mean for each Solar Asset, the payments scheduled to be paid by a PBI Obligor during each Collection Period, if any, as set forth on Schedule VI hereto, as the same may be updated from time to time and may be adjusted by the Facility
Administrator to reflect that such Solar Asset has become a Defaulted Solar Asset, a Defective Solar Asset or if a Payment Facilitation Agreement has been executed in connection with such Solar Asset. 

“Screen Rate” shall mean the London interbank offer rate administered by ICE Benchmark Administration Limited for the
relevant currency and period displayed on the appropriate page of the Thomson Reuters screen. If the agreed page is replaced or service ceases to be available, the Administrative Agent may specify another page or service displaying the same rate
after consultation with the Borrower and the Majority Lenders. 
 “Secured Parties” shall mean the Administrative Agent,
each Lender and each Qualifying Hedge Counterparty. 
 “Security Agreement” shall mean the Security Agreement, dated as of
the Closing Date, executed and delivered by the Borrower, SAP II and the Managing Member in favor of the Administrative Agent, for the benefit of the Secured Parties, as amended, restated, modified and/or supplemented from time to time in accordance
with its terms. 
 “Servicing Agreement” shall mean, collectively, each document set forth under the heading
“Servicing Agreements” on Schedule VIII hereto. 
 “Servicing Fee” shall mean the fees, expenses and other
amounts owed to the Manager pursuant to the Servicing Agreements. 
 “Servicing Services” shall mean the services required
to be performed by the Manager pursuant to the terms of each Servicing Agreement, including all billing and collection services with respect to the related Solar Assets. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-34 

 “Single Employer Plan” shall mean any “employee pension benefit
plan” (as such term is defined in Section 3(2) of ERISA), other than a Multi-Employer Plan, that is subject to Title IV of ERISA or Section 412 of the Internal Revenue Code and is sponsored or maintained by the Borrower or any ERISA
Affiliate or for which the Borrower or any ERISA Affiliate may have liability by reason of being deemed to be a contributing sponsor under Section 4069 of ERISA. 

“Solar Asset” shall mean a Host Customer Solar Asset, PBI Solar Asset or a Hedged SREC Solar Asset, in each case owned by a
Financing Fund or SAP II, as applicable. 
 “Solar Asset File” shall have the meaning set forth in the Verification Agent
Agreement. 
 “Solar Asset Owner Member Interests” shall mean, collectively, the 100.00% equity interests in the Managing
Member and SAP II. 
 “Solar Asset Payment Level” shall mean, for any Collection Period, the quotient (expressed as a
percentage) of (i) the sum of all Host Customer Payments, PBI Payments, Hedged SREC Payments actually received by the Financing Fund or SAP II, as applicable, during such Collection Period, divided by (ii) the sum of all Scheduled Host
Customer Payments, Scheduled PBI Payments and Scheduled Hedged SREC Payments during such Collection Period. 
 “Solar Photovoltaic
Panel” shall mean, with respect to a PV System, the necessary hardware component that uses wafers made of silicon, cadmium telluride, or any other suitable material, to generate a direct electrical current (DC) output using energy from
the sun’s light. 
 “Solar Service Agreement” shall mean in respect of a PV System, a Lease Agreement or a Power
Purchase Agreement entered into with a Host Customer and all related Ancillary Solar Service Agreements, including any related Payment Facilitation Agreements, but excluding any Performance Guaranty or Customer Warranty Agreement. 

“Solvent” shall mean, with respect the Borrower, that as of the date of determination, both (a) (i) the sum of such
entity’s debt (including contingent liabilities) does not exceed the present fair saleable value of such entity’s present assets; (ii) such entity’s capital is not unreasonably small in relation to its business as contemplated on
the Closing Date or the Restatement Date; and (iii) such entity has not incurred and does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts beyond its ability to pay such debts as they become due
(whether at maturity or otherwise); and (b) such entity is “solvent” within the meaning given that term and similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the
amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability
(irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5). 

“SREC” shall mean a solar renewable energy certificate representing any and all environmental credits, benefits, emissions
reductions, offsets and allowances, howsoever entitled, that are created or otherwise arise from a PV System’s generation of electricity, including, but not limited to, a solar renewable energy certificate issued to comply with a State’s
renewable portfolio standard. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-35 

 “SREC Year” shall mean (i) with respect to New Jersey, the
twelve-month period beginning on June 1 and ending on May 31 and numbered in accordance with the calendar year in which such twelve-month period ends and (ii) with respect to Massachusetts, a calendar year. 

“Subsidiary” shall mean, with respect to any Person at any time, (i) any corporation or trust of which 50% or more (by
number of shares or number of votes) of the outstanding Capital Stock or shares of beneficial interest normally entitled to vote for the election of one or more directors, managers or trustees (regardless of any contingency which does or may suspend
or dilute the voting rights) is at such time owned directly or indirectly by such Person or one or more of such Person’s subsidiaries, or any partnership of which such Person or any of such Peron’s Subsidiaries is a general partner or of
which 50% or more of the partnership interests is at the time directly or indirectly owned by such Person or one or more of such Person’s subsidiaries, and (ii) any corporation, trust, partnership or other entity which is controlled or
capable of being controlled by such Person or one or more of such Person’s subsidiaries. 
 “Subsidiary Guaranty”
shall mean the Guaranty, dated as of the Closing Date, by SAP II, the Managing Member and each other party joined thereto as a guarantor in favor of the Administrative Agent. 

“Substantial Stage Solar Asset” shall mean a Solar Asset owned by SAP II that has not yet been installed but for which the
Parent or an Affiliate thereof has been issued a “notice to proceed” confirming that the Host Customer has signed a Solar Service Agreement, and a channel partner has submitted a final design proposal and such proposal has been approved by
the Parent or an Affiliate thereof, as of a Funding Date or as of such date such Solar Asset qualifies as a Substitute Solar Asset. 

“Substitute Solar Asset” shall have the meaning set forth in Section 2.8. 

“Substitution Shortfall Amount” means an amount in cash equal to the amount by which the Discounted Solar Asset Balance of
any Solar Asset subject to a substitution pursuant to Section 2.8 (measured as of the date immediately prior to such Solar Asset becoming a Defective Solar Asset, Defaulted Solar Asset, Delinquent Solar Asset or Terminated Solar Asset, as
applicable) exceeds the Discounted Solar Asset Balance of the applicable Substitute Solar Asset as of the date of such substitution. 

“Successor Facility Administrator” shall mean a successor Facility Administrator appointed pursuant to the Facility
Administration Agreement. 
 “Sunnova Credit Facility” shall mean any financing agreement providing extensions of credit to
the Parent or its Subsidiaries in which the Administrative Agent or its affiliates is a lender, agent or noteholder thereunder. 

“Sunnova Management” shall mean Sunnova TE Management II, LLC, a Delaware limited liability company. 

“Supplemental Reserve Account” shall have the meaning set forth in Section 8.2(A)(ii). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-36 

 “Supplemental Reserve Account Deposit” shall mean, for any Payment Date
after Availability Period, an amount equal to the sum of (i) any Supplemental Reserve Account Deposit amounts from Payment Dates not deposited into the Supplemental Reserve Account, and (ii) the lesser of (a) the product of (1) one-fourth of $[***] and (2) the aggregate DC nameplate capacity (measured in kW) of all PV Systems owned by the Financing Funds and SAP II which are operational (excluding Transferable Solar Assets)
and that have related Solar Service Agreements with remaining terms that exceed the remaining terms of the related manufacturer warranty for the Inverter associated with such PV System and (b) the Supplemental Reserve Account Required Balance
as of the related Calculation Date minus the sum of (1) the amount on deposit in the Supplemental Reserve Account as of the related Calculation Date, and (2) the amount, if any, being deposited into the Supplemental Reserve Account on such
Payment Date pursuant to clause (i). Notwithstanding the foregoing, the Supplemental Reserve Account Deposit shall be $0 for any Payment Date on which the sum of Distributable Collections is greater than or equal to the sum of (i) the payments
and distributions required under clauses (i) through (iii) of Section 2.7(B) and (ii) the Aggregate Outstanding Advances as of such Payment Date prior to any distributions made on such Payment Date. 

“Supplemental Reserve Account Required Balance” shall mean, as of any date of determination, (i) prior to the end of the
Availability Period, $[***] or (ii) after the Availability Period, an amount equal to the sum of (a) for any Payment Date prior to the date on which the Managing Member has acquired the membership interests of the Tax Equity Investors in
the Financing Funds pursuant to the Purchase Options, the sum of the Projected Purchase Option Prices under each Financing Fund, (b) for any Payment Date during a Required Tax Loss Insurance Coverage Period, the Tax Loss Insurance Deductibles
and (c) the product of (1) $[***] and (2) the aggregate DC nameplate capacity (measured in kW) of all PV Systems owned by the Financing Funds and SAP II which are operational (excluding Transferable Solar Assets) and that have related
Solar Service Agreements with remaining terms that exceed the remaining terms of the related manufacturer warranty for the Inverter associated with such PV System. 

“Swap Rate” shall mean, as of any date of determination, the then current weighted average of (i) the fixed interest
rates under the swap agreements entered into in accordance with clause (i) of the definition of Hedge Requirements and (ii) with respect to any Advance not yet hedged in accordance with such clause (i) the then current fixed versus
LIBOR swap rate associated with the Expected Amortization Profile of such Advance, as determined by the Administrative Agent in consultation with the Borrower. 

“Takeout Agreements” shall mean agreements, instruments, documents and other records entered into in connection with a
Takeout Transaction. 
 “Takeout Transaction” shall mean (i) any sale, assignment or other transfer of the Solar Asset
Owner Member Interests and related Collateral (either directly or through the sale, assignment or other transfer of all the Capital Stock of the Borrower) by the Borrower to any of its Affiliates (including a special purpose bankruptcy remote
subsidiary of Parent) or to a third party, in each case, in an arms’ length transaction, which Collateral is used to secure or provide for the payment of amounts owing (or to be owing) or expected as a result of the issuance of equity or debt
securities or other Indebtedness by a Person other than the Borrower that are backed by such Collateral (a “Financing Transaction”); provided, that there is no Borrowing Base 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-37 

 
Deficiency, then the Borrower may only enter into a Takeout Transaction if immediately after giving effect to such Financing Transaction, (w) no Event of Default exists (unless such Event of
Default would be cured by application of the net proceeds of such Financing Transaction), (x) an amount equal to the greater of $[***] or the Minimum Payoff Amount for the Collateral removed from the Borrower in the Financing Transaction shall be
deposited into the Takeout Transaction Account for distribution in accordance with Section 2.8(C), (y) there are no selection procedures utilized which are materially adverse to the Lenders with respect to those items of the Collateral assigned
by the Borrower in the Financing Transaction and (z) such Financing Transaction is not guaranteed by and has no material recourse to the Borrower (except that such assets are being sold and assigned by it free and clear of all Liens), (ii) a
financing arrangement, securitization, sale or other disposition of such Collateral (either directly or through the sale or other disposition of all the Capital Stock of the Borrower, the Managing Member, a Financing Fund or SAP II) entered into by
Borrower or any of its Affiliates other than under this Agreement so long as (1) all proceeds of such transaction shall have been deposited into the Takeout Transaction Account and (2) such proceeds are sufficient, together with any equity
contributions of the Parent, to repay the Obligations prorated to the reduction in the Borrowing Base as a result of such transaction, or (iii) any other financing arrangement, securitization, sale or other disposition of items of Collateral
(either directly or through the sale or other disposition of the Capital Stock of the Borrower, the Managing Member, a Financing Fund, or SAP II) entered into by Borrower or any of its Affiliates other than under this Agreement that is not a
Financing Transaction and that has been consented to in writing by the Administrative Agent and the Majority Lenders. 
 “Takeout
Transaction Account” shall have the meaning set forth in Section 8.2(A)(v). 
 “Tax Credit” shall mean an
investment tax credit under Section 48(a)(3)(A)(i) of the Code or any successor provision. 
 “Tax Equity Facility”
shall mean each transaction contemplated by the Tax Equity Financing Documents. 
 “Tax Equity Financing Documents” shall
mean, collectively, each document set forth under the heading “Tax Equity Financing Documents” on Schedule VIII hereto. 

“Tax Equity Investor” shall mean, collectively, each entity set forth under the heading “Tax Equity
Investors” on Schedule VIII hereto. 
 “Tax Equity Investor Consent” shall mean the consent of a Tax Equity
Investor of the related Tax Equity Financing Documents, as applicable relating to the transactions contemplated by this Facility. 

“Tax Equity Investor Distribution Reduction Amount” shall mean, for any Collection Period, amounts required to be paid by the
Financing Funds to the Tax Equity Investors, in each case, which reduce Scheduled Managing Member Distributions for such Collection Period. 

“Tax Equity Investor Interests” shall mean the Tax Equity Investors’ interest in 100% of the Class A Interest in
the related Financing Fund. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-38 

 “Tax Equity Party” shall mean each of the Financing Funds, the Managing
Member and SAP II. 
 “Tax Loss” shall mean the amount a Tax Credit and other federal tax benefits assumed in the Base Case
Model that the respective Financing Fund, the Managing Member or the respective Tax Equity Investor (or their respective affiliates) shall lose the benefit of, shall not have the right to claim, shall suffer the disallowance or reduction of, shall
be required to recapture or shall not claim (as a result of a final determination in accordance with the terms of such Financing Fund LLCA. 

“Tax Loss Claim” shall mean the assertion by the Internal Revenue Service of a position that would result in a Tax Loss
Indemnity if not reversed through administrative action or litigation. 
 “Tax Loss Indemnity” shall mean the Managing
Member’s obligation, pursuant to the terms of the related Financing Fund LLCA, to pay the related Tax Equity Investor the amount of any Tax Loss, reduced by any Tax Savings and grossed up for any U.S. federal interest, penalties, fines or
additions to tax payable by the Managing Member or the related Tax Equity Investor (or their respective affiliates) as a result thereof and for the net amount of any additional U.S. federal income taxes payable by the Managing Member or the related
Tax Equity Investor (or their respective affiliates) as a result of including any Tax Loss Indemnity payment in its income, in each case as a result of the breach or inaccuracy of certain representations, warranties and covenants of the Managing
Member set forth in such Financing Fund LLCA or the failure by Managing Member to comply with applicable law in connection with its acts or omissions pursuant to, or the performance of any covenant or obligation under, such Financing Fund LLCA. 

“Tax Loss Insurance Deductible” shall mean, with respect to a Tax Loss Insurance Policy, the deductible due under such Tax
Loss Insurance Policy. Should the Availability Period expire before a Tax Loss Insurance Policy is entered into, the Administrative Agent may use reasonable judgment to estimate the Tax Loss Insurance Deductible. 

“Tax Loss Insurance Policy” shall mean the policy of insurance issued by the Tax Loss Insurer with respect to a Financing
Fund naming such Financing Fund and the Managing Member as insureds and such Financing Fund as loss payee, in form and substance (including, but not limited to, amounts and coverage period) approved by the Administrative Agent in its sole
discretion. 
 “Tax Loss Insurer” shall mean the insurance company party to any Tax Loss Insurance Policy. 

“Tax Savings” shall mean, with respect to a Tax Loss, any federal income tax savings realized by the Managing Member or the
related Tax Equity Investor (or their respective affiliates) as a result of the Tax Loss, using an assumed tax rate equal to the maximum allowable U.S. federal corporate income tax rate applicable to corporations as of a given date of determination.

 “Taxes” shall mean all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup
withholding), assessments, fees or other charges imposed by any Governmental Authority, and including any interest, additions to tax or penalties applicable thereto. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-39 

 “TEP II Developer” shall mean Sunnova TEP II Developer, LLC, a Delaware
limited liability company. 
 “Terminated Solar Asset” shall mean a Solar Asset for which the related PV System has
experienced an Event of Loss and (i) is not repaired, restored, replaced or rebuilt to substantially the same condition as it existed immediately prior to the Event of Loss within 120 days of such Event of Loss or (ii) is deemed to be a
“Cancelled Project” in accordance with the related Master Purchase Agreement. 
 “Transaction Documents” shall
mean this Agreement, the Loan Notes, the Security Agreement, the Pledge Agreement each Fee Letter, the Paying Agent Fee Letter, the Verification Agent Fee Letter, the Facility Administration Agreement, the Verification Agent Agreement, the Parent
Guaranty, the Tax Equity Investor Consents, each Hedge Agreement, and any other agreements, instruments, certificates or documents delivered hereunder or thereunder or in connection herewith or therewith, and “Transaction Document” shall
mean any of the Transaction Documents. 
 “Transfer Date” shall mean, with respect to Initial Solar Assets, the Closing
Date and with respect to any Additional Solar Asset, the date on which such Additional Solar Asset or Substitute Solar Asset is included in the definition of Borrowing Base and the Lenders make an Advance against such Additional Solar Asset. 

“Transferable Solar Asset” shall mean (i) any Solar Asset that constitutes a Defaulted Solar Asset, Defective Solar
Asset, Delinquent Solar Asset, or Terminated Solar Asset and (ii) any other Solar Asset that is not an Eligible Solar Asset hereunder. 

“UCC” shall mean the Uniform Commercial Code as from time to time in effect in any applicable jurisdiction. 

“Underwriting and Reassignment Credit Policy” shall mean the internal underwriting and reassignment policy of TEP II
Developer attached as Exhibit J hereto. 
 “United States” shall mean the United States of America. 

“Unused Line Fee” shall have the meaning set forth in Section 2.5(D). 

“Unused Line Fee Percentage” shall have the meaning set forth in the Fee Letter referred to in clause (i) of the
definition thereof. 
 “Unused Portion of the Commitments” shall mean, as of any date of determination, the sum of the
Class A Unused Portion of the Commitments plus the Class B Unused Portion of the Commitments as of such date of determination. 

“Usage Percentage” shall mean, as of such date of determination, a percentage equal to (i) the Aggregate Outstanding
Advances divided by (ii) the Aggregate Commitment as of such date. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-40 

 “U.S. Person” shall mean any Person who is a U.S. person within the meaning
of Section 7701(a)(30) of the Internal Revenue Code. 
 “U.S. Tax Compliance Certificate” shall have the meaning set
forth in Section 2.17(G)(ii)(b)(3). 
 “Verification Agent” shall have the meaning set forth in the introductory
paragraph hereof. 
 “Verification Agent Agreement” shall mean the Verification Agent Agreement dated as of or about the
Closing Date, by and among the Verification Agent, the Borrower, the Facility Administrator and the Administrative Agent, as amended, restated, modified and/or supplemented from time to time in accordance with its terms. 

“Verification Agent Fee” shall mean a fee payable by the Borrower to the Verification Agent as set forth in the Verification
Agent Fee Letter. 
 “Verification Agent Fee Letter” shall mean the Verification Agent Fee Letter, dated as of the date
hereof, among the Borrower and the Verification Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 A-41 

 EXHIBIT B-1 

FORM OF BORROWING BASE CERTIFICATE 

BORROWING BASE CERTIFICATE 

SUNNOVA TEP II HOLDINGS, LLC 

[DATE] 
 In connection with that
certain Amended and Restated Credit Agreement, dated as of March 29, 2019 (as may be amended from time to time, the “Credit Agreement”), by and among SUNNOVA TEP II HOLDINGS, LLC, a Delaware limited liability company (the
“Borrower”), SUNNOVA TE MANAGEMENT II, LLC, a Delaware limited liability company, as Facility Administrator (in such capacity, the “Facility Administrator”), CREDIT SUISSE AG, NEW YORK BRANCH, as Administrative
Agent for the financial institutions that may become parties thereto as Lenders, the Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Paying Agent, and U.S. BANK NATIONAL ASSOCIATION, as Verification Agent, the Borrower hereby certifies that 

1.        The attached Schedule I sets forth the borrowing base calculations with
respect to Class A Advances on the proposed Funding Date (the “Class A Borrowing Base Calculation”) and provides all data used, in Excel format, to calculate the foregoing as of the date set forth above and
the computations reflected in the Class A Borrowing Base Calculation are true, correct and complete. 

2.        The attached Schedule II sets forth the borrowing base calculations with
respect to Class B Advances on the proposed Funding Date (the “Class B Borrowing Base Calculation”) and provides all data used, in Excel format, to calculate the foregoing as of the date set forth above and
the computations reflected in the Class B Borrowing Base Calculation are true, correct and complete. 

3.        The attached Schedule III sets forth the Excess Concentration Amount
calculations on the Funding Date (the “Excess Concentration Amount Calculation”) and provides all data used, in Excel format, to calculate the foregoing as of the date set forth above and the computations reflected in the Excess
Concentration Amount Calculation are true, correct and complete. 
 4.        Each
Solar Asset included in the Class A Borrowing Base Calculations and in the Class B Borrowing Base Calculations constitutes an Eligible Solar Asset as of the date hereof and the Excess Concentration Amount Calculation has been computed
based on the information known to the Borrower or Facility Administrator as of the date hereof. 
 Capitalized terms used but not defined
herein shall have the meanings specified in the Credit Agreement. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-1-1 

 IN WITNESS WHEREOF, the undersigned has executed this certificate as of the date first
written above. 
  

			
	 SUNNOVA TEP II HOLDINGS, LLC, as Borrower

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-1-2 

 SCHEDULE I 

Class A Borrowing Base Calculation 
  

					
	 1. Aggregate Discounted Solar Asset Balance
	  	$	                     	 
	 2. Excess Concentration Amount (see Line 45 of Schedule III)
	  	$	                     	 
	 3. Line 1 minus Line 2
	  	$	                     	 
	 4. Solar Assets other than Puerto Rico Solar Assets or Substantial Stage Solar Assets included in
Line 3 times 70.00%
	  	$	                     	 
	 5. Puerto Rico Solar Assets other than Substantial Stage Solar Assets included in Line 3
times 63.00%
	  	$	                     	 
	 6. Substantial Stage Solar Assets included in Line 3 times 52.50%
	  	$	                     	 
	 7. Line 4 plus Line 5 plus Line 6 (the “Class A Borrowing
Base”)
	  	$	                     	 
	 8. The Class A Aggregate Commitment
	  	 	$[***]	 
	 9. The lesser of Line 7 or Line 8
	  	$	                     	 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-1-3 

 SCHEDULE II 

Class B Borrowing Base Calculation 
  

					
	 1. Aggregate Discounted Solar Asset Balance
	  	$	                     	 
	 2. Excess Concentration Amount (see Line 45 of Schedule III)
	  	$	                     	 
	 3. Line 1 minus Line 2
	  	$	                     	 
	 4. Solar Assets other than Puerto Rico Solar Assets or Substantial Stage Solar Assets included in
Line 3 times 10.00%
	  	$	                     	 
	 5. Puerto Rico Solar Assets other than Substantial Stage Solar Assets included in Line 3
times 9.00%
	  	$	                     	 
	 6. Substantial Stage Solar Assets included in Line 3 times 7.50%
	  	$	                     	 
	 7. Line 4 plus Line 5 plus Line 6 (the “Class B Borrowing
Base”)
	  	$	                     	 
	 8. The Class B Aggregate Commitment
	  	 	$[***]	 
	 9. The lesser of Line 7 or Line 8
	  	$	                     	 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-1-4 

 SCHEDULE III 

Excess Concentration Amount Calculation1 

 

					
	 1. Aggregate Discounted Solar Asset Balance
	  	$	                     	 
	 2. The aggregate Discounted Solar Asset Balance for Eligible Solar Assets in which the related
Host Customer had a FICO score of less than [***] at the time of origination
	  	$	                     	 
	 3. Line 1 times 35.0%
	  	$	                     	 
	 4. Line 2 minus 3 (enter $0 if less than $0)
	  	$	                     	 
	 5. The aggregate Discounted Solar Asset Balance for Eligible Solar Assets in which the related
Host Customer had a FICO score of less than [***] at the time of origination
	  	$	                     	 
	 6. Line 1 times 28.0%
	  	$	                     	 
	 7. Line 5 minus Line 6 (enter $0 if less than $0)
	  	$	                     	 
	 8. The aggregate Discounted Solar Asset Balance for Eligible Solar Assets in which the related
Host Customer reside in the state in the United States with the highest concentration of Host Customers measured by the aggregate Discounted Solar Asset Balance in each state and the Aggregate Discounted Solar Asset Balance
	  	$	                     	 
	 9. Line 1 times 50.0%
	  	$	                     	 
	 10. Line 8 minus Line 9 (enter $0 if less than $0)
	  	$	                     	 
	 11. The aggregate Discounted Solar Asset Balance for Eligible Solar Assets in which the related
Host Customer reside in any one of the two states in the United States with either the highest or the second highest concentrations of Host Customers measured by the aggregate Discounted Solar Asset Balance in each state and the Aggregate Discounted
Solar Asset Balance
	  	$	                     	 
	 12. Line 1 times 75.0%
	  	$	                     	 
	 13. Line 11 minus Line 12 (enter $0 if less than $0)
	  	$	                     	 
	 14. The aggregate Discounted Solar Asset Balance for Eligible Solar Assets in which the related
Host Customer reside in any one of the three states in the United States with either the highest, second highest or third highest concentrations of Host Customers measured by the aggregate Discounted Solar Asset Balance in each state and the
Aggregate Discounted Solar Asset Balance
	  	$	                     	 
	 15. Line 1 times 85.0%
	  	$	                     	 
	 16. Line 14 minus Line 15 (enter $0 if less than $0)
	  	$	                     	 
	 17. The aggregate Discounted Solar Asset Balance for Eligible Solar Assets in which the related
Host Customer was a resident of Puerto Rico, Guam or the Northern Mariana Islands at the time of origination
	  	$	                     	 
	 18. Line 1 times 20.0%
	  	$	                     	 
	 19. Line 17 minus Line 18 (enter $0 if less than $0)
	  	$	                     	 

  

	1 	 For the purpose of calculating the Excess Concentration Amount, Prepaid Solar Assets shall be deemed to have a
Discounted Solar Asset balance equal to zero ($0). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-1-5 

					
	 20. The aggregate Discounted Solar Asset Balance for Eligible Solar Assets that have been placed
in service in which the related Host Customer’s first payment under the related Solar Service Agreement has not been made as of the related Transfer Date but will be due in the calendar month no later than the first full calendar month
immediately following the related Transfer Date
	  	$	                     	 
	 21. Line 1 times 10.0%
	  	$	                     	 
	 22. Line 20 minus Line 21 (enter $0 if less than $0)
	  	$	                     	 
	 23. The aggregate Discounted Solar Asset Balance for Eligible Solar Assets in which the related
Host Customer was a resident of Guam at the time of origination
	  	$	                     	 
	 24. Line 1 times 7.5%
	  	$	                     	 
	 25. Line 23 minus Line 24 (enter $0 if less than $0)
	  	$	                     	 
	 26. The aggregate Discounted Solar Asset Balance for Eligible Solar Assets in which the related
Host Customer was a resident of the Northern Mariana Islands at the time of origination
	  	$	                     	 
	 27. Line 1 times 1.5%
	  	$	                     	 
	 28. Line 26 minus Line 27 (enter $0 if less than $0)
	  	$	                     	 
	 29. The aggregate portion of the Discounted Solar Asset Balance of all Eligible Solar Assets with
Credit Card Receivables
	  	$	                     	 
	 30. Line 1 times 2.5%
	  	$	                     	 
	 31. Line 29 minus Line 30 (enter $0 if less than $0)
	  	$	                     	 
	 32. The aggregate portion of the Discounted Solar Asset Balance of all Eligible Solar Assets that
are Final Stage Solar Assets
	  	$	                     	 
	 33. Line 1 times 20.0%
	  	$	                     	 
	 34. Line 32 minus Line 33 (enter $0 if less than $0)
	  	$	                     	 
	 35. The aggregate portion of the Discounted Solar Asset Balance of all Eligible Solar Assets that
are Substantial Stage Solar Assets
	  	$	                     	 
	 36. Line 1 times 20.0%
	  	$	                     	 
	 37. Line 35 minus Line 36 (enter $0 if less than $0)
	  	$	                     	 
	 38. The aggregate portion of the Discounted Solar Asset Balance of all Eligible Solar Assets that
are Final Stage Solar Assets or Substantial Stage Solar Assets
	  	$	                     	 
	 39. Line 1 times 35.0%
	  	$	                     	 
	 40. Line 38 minus Line 39 (enter $0 if less than $0)
	  	$	                     	 
	 41. The aggregate portion of the Discounted Solar Asset Balance of all Eligible Solar Assets for
which the related PV System includes an Energy Storage System
	  	$	                     	 
	 42. Line 1 times 50.0%
	  	$	                     	 
	 43. Line 41 minus Line 42 (enter $0 if less than $0)
	  	$	                     	 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-1-6 

					
	 44. The aggregate Discounted Solar Asset Balance of all Eligible Solar Assets relating to any one
Host Customer which exceeds the lesser of (i) one percent (1.00%) the Maximum Facility Amount and (ii) the U.S. Dollar equivalent of 1.5 million Swiss Francs (calculated at the rate of exchange at which, in accordance with normal
banking procedures, the Administrative Agent could purchase with U.S. Dollars, Swiss Francs in New York City, New York, at the close of business on the day prior to such date of determination)
	  	$	                     	 
	 45. The sum of Line 4 plus Line 7 plus Line 10 plus Line 13 plus Line
16 plus Line 19 plus Line 22 plus Line 25 plus Line 28 plus Line 31 [plus Line 34 plus Line 37]2 plus Line 40 plus Line 43
plus Line 44 (the “Excess Concentration Amount”)
	  	$	                     	 

  
  

	2 	 For the purpose of calculating the Excess Concentration Amount, Lines 34, 37 and 40 shall not be included
during the period commencing on the effective date of a Takeout Transaction and ending ninety (90) day thereafter. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-1-7 

 EXHIBIT B-2 

FORM OF NOTICE OF BORROWING 

                
        , 20     
  

	To:	 Credit Suisse AG, New York Branch, as Administrative Agent Class A Funding Agent 

	    	 and Class B Funding Agent 

	    	 11 Madison Avenue, 3rd Floor 

	    	 New York, NY 10010 

	    	 Attention: Patrick Duggan 

	    	                  Patrick
Hart 

 Wells Fargo Bank, National Association, as Paying Agent 

600 S. 4th Street, MAC N9300-061 

Minneapolis, MN 55479 
 Attention:
Corporate Trust Services – Asset Backed Administration, E-mail: 
 ctsabsservicer@wellsfargo.com

 Ladies and Gentlemen: 
 Reference is made
to the Amended and Restated Credit Agreement, dated as of March 29, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Sunnova TEP II Holdings, LLC (the
“Borrower”), Credit Suisse AG, New York Branch, as Administrative Agent for the financial institutions that may from time to time become parties thereto as Lenders (in such capacity, the “Administrative Agent”), the
Lenders, Wells Fargo Bank, National Association, as Paying Agent and U.S. Bank National Association, as Verification Agent. Capitalized terms used herein but not defined herein shall have the meanings assigned to such terms in the Credit Agreement.

 A: In accordance with Section 2.4 of the Credit Agreement, the Borrower hereby requests that the Class A Lenders provide
Class A Advances based on the following criteria: 
 1.    Aggregate principal amount of
Class A Advances requested: $[                            ] 

2.    Allocated amount of such Class A Advances to be paid by the Class A Lenders in each
Class A Lender Group: 
 CS Lender Group    $[        ] 

[                    
        ] $     

3.    $                
             should be transferred to the Liquidity Reserve Account 

4.    $                
             should be transferred to the Supplemental Reserve Account 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-2-1 

 Account(s) to which Class A Funding Agents should wire the balance of the requested
funds: 
 Bank Name:
[                            ] 

ABA No.:
[                            ] 

Account Name:
[                            ] 

Account No.:
[                            ] 

Reference:
[                            ] 

5.    Attached to this notice as Exhibit A is the Borrowing Base Certificate in connection with these
Class A Advances and a related Schedule of Solar Assets. 
 B: In accordance with Section 2.4 of the Credit Agreement, the
Borrower hereby requests that the Class B Lenders provide Class B Advances based on the following criteria: 

1.    Aggregate principal amount of Class B Advances requested:
$[                            ] 

2.    Allocated amount of such Class B Advances to be paid by the Class B Lenders in each
Class B Lender Group: 
 CS Lender Group
$[                            ] 

[                    
        ] $                                
 

3.    $                
             should be transferred to the Liquidity Reserve Account 

4.    $                
             should be transferred to the Supplemental Reserve Account 

Account(s) to which Class B Funding Agents should wire the balance of the requested funds: 

Bank Name:
[                            ] 

ABA No.:
[                            ] 

Account Name:
[                            ] 

Account No.:
[                            ] 

Reference:
[                            ] 

5.    Attached to this notice as Exhibit B is the Borrowing Base Certificate in connection with these
Class B Advances and a related Schedule of Solar Assets. 
 C: In accordance with Section 3.2 of the Credit Agreement, the
Borrower hereby certifies that no Amortization Event, Event of Default, Potential Amortization Event or Potential Default has occurred and is continuing or would result from any borrowing of any Advance or from the application of the proceeds
therefrom. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-2-2 

 
			
	 Very truly yours,

	
	 SUNNOVA TEP II HOLDINGS, LLC, as Borrower

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-2-3 

 EXHIBIT A 

Borrowing Base Certificate 

[see attached] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-2-4 

 EXHIBIT B 

Borrowing Base Certificate 

[see attached] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 B-2-5 

 EXHIBIT C 

FORM OF SUBSTITUTION CERTIFICATE 

                
        , 20     
  

	To:	 Credit Suisse AG, New York Branch, as Administrative Agent and as Class A Funding 

	    	 Agent and Class B Funding Agent 

	    	 11 Madison Avenue, 3rd Floor 

	    	 New York, NY 10010 

	    	 Attention: Patrick Duggan 

	    	                  Patrick
Hart 

 Ladies and Gentlemen: 

Reference is made to the Amended and Restated Credit Agreement, dated as of March 29, 2019 (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and among Sunnova TEP II Holdings, LLC (the “Borrower”), Credit Suisse AG, New York Branch, as Administrative Agent for the financial institutions
that may from time to time become parties thereto as Lenders (in such capacity, the “Administrative Agent”), the Lenders, Wells Fargo Bank, National Association, as Paying Agent and U.S. Bank National Association, as Verification
Agent. Capitalized terms used herein but not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

Pursuant to Section 2.8 of the Credit Agreement, on the date hereof Borrower has substituted for the [Defective Solar Assets, Defaulted
Solar Assets, Delinquent Solar Assets, Terminated Solar Assets or Host Customer Purchased Assets] set forth on Schedule I attached hereto the Substitute Solar Assets set forth on Schedule II attached hereto. In accordance with Section 2.8 of
the Credit Agreement, the Borrower hereby certifies that: 
 (A)    each Substitute Solar Asset is an
Eligible Solar Asset [and, during the occurrence and continuance of an Amortization Event, has been pre-approved by Administrative Agent on or before the date of substitution]; 

(B)    the PV System related to each Substitute Solar Asset has received Permission to Operate; 

(C)    Schedule III attached hereto sets forth the calculation of the Substitution Shortfall Amount as a
result of such substitution and such Substitution Shortfall Amount, if any, shall be deposited into the Collection Account on the date of such substitution; 

(D)    no Potential Default or Event of Default has occurred and is continuing (before or after giving
effect to such substitution) unless such Potential Default or Event of Default would be cured after giving effect to such substitution and the payment of any related Substitution Shortfall Amount; and 

(E)    the Borrower has delivered to the Verification Agent the Solar Asset File for any Substitute Solar
Assets for certification pursuant to the Verification Agent 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 C-1 

 
Agreement and Administrative Agent has received the related A-1 Verification Agent Certification in respect of such Substitute Solar Assets from the
Verification Agent pursuant to the Verification Agent Agreement. 
 The foregoing certifications, together with the computations set forth
in Schedule III hereto, are made and delivered this              day of
                    20    . 

 

			
	 Very truly yours,

	
	 SUNNOVA TEP II HOLDINGS, LLC, as Borrower

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 C-2 

 SCHEDULE I 

Substituted Solar Assets 

[see attached] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 C-3 

 SCHEDULE II 

Substitute Solar Assets 

[see attached] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 C-4 

 SCHEDULE III 

Substitution Shortfall Amount Calculation 

[see attached] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 C-5 

 EXHIBIT D-1 

FORM OF CLASS A LOAN NOTE 

CLASS A LOAN NOTE 

 

			
	 Up to $[***]
	  	[●], 2019

 New York, New York 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of March 29, 2019 (as may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among SUNNOVA TEP II HOLDINGS, LLC, a Delaware limited liability company (the “Borrower”), SUNNOVA TE MANAGEMENT II, LLC, a
Delaware limited liability company, as Facility Administrator, CREDIT SUISSE AG, NEW YORK BRANCH, as Administrative Agent for the Lenders (including any Conduit Lender) that may become parties thereto, the Lenders, Wells Fargo Bank, National
Association, as Paying Agent, and U.S. Bank National Association, as Verification Agent. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 

FOR VALUE RECEIVED, the Borrower hereby promises to pay CREDIT SUISSE AG, NEW YORK BRANCH, as Class A Funding Agent, for the benefit of
the Class A Lenders in its Class A Lender Group (the “Class A Loan Note Holder”) on the Maturity Date or such earlier date as provided in the Credit Agreement, in immediately available funds in lawful
money of the United States the principal amount of up to [***] DOLLARS ($[***]) or, if less, the aggregate unpaid principal amount of all Class A Advances made by the Class A Lenders in the Class A Loan Note Holder’s Class A
Lender Group to the Borrower pursuant to the Credit Agreement together with all accrued but unpaid interest thereon. 
 The Borrower also
agrees to pay interest in like money to the Class A Loan Note Holder, for the benefit of the Class A Lenders in its Class A Lender Group, on the unpaid principal amount of each such Class A Advance from time to time from the date
hereof until payment in full thereof at the rate or rates and on the dates set forth in the Credit Agreement. 
 This Class A Loan Note
is one of the Loan Notes referred to in, and is entitled to the benefits of, the Credit Agreement, which, among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for
prepayments on account of the principal hereof prior to the maturity hereof upon the terms and conditions specified therein and is secured by the Collateral. 

In the event of any inconsistency between the provisions of this Class A Loan Note and the provisions of the Credit Agreement, the Credit
Agreement will prevail. 
 THIS CLASS A LOAN NOTE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND
5-1402 OF THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW
YORK BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 D-1-1 

 ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THIS CLASS A LOAN NOTE MAY BE BROUGHT
IN THE COURTS OF THE STATE OF NEW YORK OR OF THE
UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND BY EXECUTION
AND DELIVERY OF THIS CLASS A LOAN NOTE, EACH OF THE PARTIES
HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE
EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY
WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE
OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, OR ANY LEGAL
PROCESS WITH RESPECT TO ITSELF OR ANY OF ITS PROPERTY, WHICH IT
MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR
PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS CLASS A LOAN NOTE
OR ANY DOCUMENT RELATED HERETO. EACH OF THE PARTIES HERETO WAIVES
PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY
BE MADE BY ANY OTHER MEANS PERMITTED BY NEW YORK LAW. 

ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY
AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF,
UNDER, OR IN CONNECTION WITH, THIS CLASS A LOAN NOTE, OR ANY
COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN)
OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL
PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT
CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL
INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS CLASS A LOAN NOTE. 

This Class A Loan Note may be transferred or assigned by the holder hereof at any time, subject to compliance with the Credit Agreement
and any applicable law. This Class A Loan Note shall be binding upon the Borrower and shall inure to the benefit of the holder hereof and its successors and assigns. The obligations and liabilities of the Borrower hereunder may not be assigned
to any Person without the prior written consent of the holder hereof. Any such assignment in violation of this paragraph shall be void and of no force or effect. 

Demand, presentment, protest and notice of nonpayment and protest are hereby waived by the Borrower. 

[Signature page follows.] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 D-1-2 

 IN WITNESS WHEREOF, this Class A Loan Note has been duly executed and delivered on
behalf of the Borrower by its duly authorized officer on the date and year first written above. 
  

							
		 	SUNNOVA TEP II HOLDINGS, LLC, as Borrower
			
		 	By:	 	Sunnova TEP II Developer, LLC, its sole member
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title: Chief Financial Officer

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 D-1-3 

 EXHIBIT D-2 

FORM OF CLASS B LOAN NOTE 

CLASS B LOAN NOTE 

 

			
	Up to $[***]	  	[●], 2019

 New York, New York 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of March 29, 2019 (as may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among SUNNOVA TEP II HOLDINGS, LLC, a Delaware limited liability company (the “Borrower”), SUNNOVA TE MANAGEMENT II, LLC, a
Delaware limited liability company, as Facility Administrator, CREDIT SUISSE AG, NEW YORK BRANCH, as Administrative Agent for the Lenders (including any Conduit Lender) that may become parties thereto, the Lenders, Wells Fargo Bank, National
Association, as Paying Agent, and U.S. Bank National Association, as Verification Agent. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 

FOR VALUE RECEIVED, the Borrower hereby promises to pay CREDIT SUISSE AG, NEW YORK BRANCH, as Class B Funding Agent, for the benefit of
the Class B Lenders in its Class B Lender Group (the “Class B Loan Note Holder”) on the Maturity Date or such earlier date as provided in the Credit Agreement, in immediately available funds in lawful
money of the United States the principal amount of up to [***] DOLLARS ($[***]) or, if less, the aggregate unpaid principal amount of all Class B Advances made by the Class B Lenders in the Class B Loan Note Holder’s Class B
Lender Group to the Borrower pursuant to the Credit Agreement together with all accrued but unpaid interest thereon. 
 The Borrower also
agrees to pay interest in like money to the Class B Loan Note Holder, for the benefit of the Class B Lenders in its Class B Lender Group, on the unpaid principal amount of each such Class B Advance from time to time from the date
hereof until payment in full thereof at the rate or rates and on the dates set forth in the Credit Agreement. 
 This Class B Loan Note
is one of the Loan Notes referred to in, and is entitled to the benefits of, the Credit Agreement, which, among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for
prepayments on account of the principal hereof prior to the maturity hereof upon the terms and conditions specified therein and is secured by the Collateral. 

In the event of any inconsistency between the provisions of this Class B Loan Note and the provisions of the Credit Agreement, the Credit
Agreement will prevail. 
 THIS CLASS B LOAN NOTE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND
5-1402 OF THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW
YORK BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 D-2-1 

 ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THIS CLASS B LOAN NOTE MAY BE BROUGHT
IN THE COURTS OF THE STATE OF NEW YORK OR OF THE
UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND BY EXECUTION
AND DELIVERY OF THIS CLASS B LOAN NOTE, EACH OF THE PARTIES
HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE
EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY
WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE
OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, OR ANY LEGAL
PROCESS WITH RESPECT TO ITSELF OR ANY OF ITS PROPERTY, WHICH IT
MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR
PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS CLASS B LOAN NOTE
OR ANY DOCUMENT RELATED HERETO. EACH OF THE PARTIES HERETO WAIVES
PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY
BE MADE BY ANY OTHER MEANS PERMITTED BY NEW YORK LAW. 

ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY
AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF,
UNDER, OR IN CONNECTION WITH, THIS CLASS B LOAN NOTE, OR ANY
COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN)
OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL
PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT
CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL
INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS CLASS B LOAN NOTE. 

This Class B Loan Note may be transferred or assigned by the holder hereof at any time, subject to compliance with the Credit Agreement
and any applicable law. This Class B Loan Note shall be binding upon the Borrower and shall inure to the benefit of the holder hereof and its successors and assigns. The obligations and liabilities of the Borrower hereunder may not be assigned
to any Person without the prior written consent of the holder hereof. Any such assignment in violation of this paragraph shall be void and of no force or effect. 

Demand, presentment, protest and notice of nonpayment and protest are hereby waived by the Borrower. 

[Signature page follows.] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 D-2-2 

 IN WITNESS WHEREOF, this Class B Loan Note has been duly executed and delivered on
behalf of the Borrower by its duly authorized officer on the date and year first written above. 
  

							
		 	SUNNOVA TEP II HOLDINGS, LLC, as Borrower
			
		 	By:	 	Sunnova TEP II Developer, LLC, its sole member
				
		 		 	By:	 	  

		 		 		 	Name: Jordan Kozar
		 		 		 	Title: Chief Financial Officer

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 D-2-3 

 EXHIBIT E 

COMMITMENTS 
  

			
	Class A Commitments:	  	
		
	 	  	The Class A Aggregate Commitment
		
	Credit Suisse AG, Cayman Islands Branch	  	$[***]
		
	Total:	  	$[***]
		
	Class B Commitments:	  	
		
	 	  	The Class B Aggregate Commitment
		
	Credit Suisse AG, Cayman Islands Branch	  	$[***]
		
	Total:	  	$[***]

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 E-1 

 EXHIBIT F 

FORM OF ASSIGNMENT AGREEMENT 

This Assignment Agreement (the “Assignment Agreement”) is dated as of the Effective Date set forth below and is entered into
by and between the Assignor identified in item 1 below (the “Assignor”) and the Assignee identified in item 2 below (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to
them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby
agreed to and incorporated herein by reference and made a part of this Assignment Agreement as if set forth herein in full. 
 For an agreed
consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit
Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a [Class A][Class B] Lender under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below, and
(ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a [Class A][Class B] Lender) against any Person, whether known or unknown, arising
under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to,
contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by
the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Each such sale and assignment is without recourse to the Assignor and, except as expressly
provided in this Assignment Agreement, without representation or warranty by the Assignor. 
  

	 	1.	
Assignor:                     
                                         
                   

  

	 	2.	
Assignee:                     
                                         
                   

  

	 	3.	 Administrative Agent: Credit Suisse AG, New York Branch 

 

	 	4.	 Credit Agreement: Amended and Restated Credit Agreement, dated as of March 29, 2019, by and among Sunnova
TEP II Holdings, LLC, a Delaware limited liability company, Sunnova TE Management II, LLC, a Delaware limited liability company, Credit Suisse AG, New York Branch, as Administrative Agent for the Lenders (including any Conduit Lender) that may
become parties thereto, the Lenders, Wells Fargo Bank, National Association, as Paying Agent, and U.S. Bank National Association, as Verification Agent 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 F-1 

	 	6.	 Assigned Interest: 

  

																					
	 ASSIGNOR
	  	ASSIGNEE	 	  	TYPE OF
LOANS
ASSIGNED
(CLASS
A
OR
CLASS B)	 	  	AGGREGATE
AMOUNT OF
LOANS
FOR
ALL
LENDERS	 	  	AMOUNT
OF LOANS
ASSIGNED	 	  	PERCENTAGE
ASSIGNED
OF LOANS	 
		  				  				  	$	 	 	  	$	 	 	  	 	%	 

 [Signature pages follow] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 F-2 

 Effective Date:
                    , 20         

The terms set forth in this Assignment Agreement are hereby agreed to: 

 

					
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By	 	     

		 	Name	 	  

		 	Title	 	  

	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By	 	     

		 	Name	 	  

		 	Title	 	  

 Accepted: 

CREDIT SUISSE AG, New York Branch, 

as Administrative Agent 
  

					
	By	 	     

		 	Name	 	  

		 	Title	 	  

		
	By	 	     

		 	Name	 	  

		 	Title	 	  

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 F-3 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AGREEMENT 

SECTION 1.    REPRESENTATIONS AND WARRANTIES. 

Section 1.1.    Assignor. The Assignor (a) represents and warrants that (i) it
is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, and (iii) it has full power and authority, and has taken all action necessary, to
execute and deliver this Assignment Agreement and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the
Credit Agreement or any other Transaction Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Transaction Documents or any collateral thereunder, (iii) the financial condition of the
Borrower or any other Person obligated in respect of any Transaction Document, or (iv) the performance or observance by the Borrower or any other Person of any of their respective obligations under any Transaction Document. 

Section 1.2.    Assignee. The Assignee (a) represents and warrants that (i) it
has full power and authority, and has taken all action necessary, to execute and deliver this Assignment Agreement and to consummate the transactions contemplated hereby and to become a [Class A][Class B]Lender under the Credit Agreement,
(ii) it meets all the requirements to be an assignee under Section 10.8 of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.8 of the Credit Agreement), (iii) from and after the Effective
Date, it shall be bound by the provisions of the Credit Agreement as a [Class A][Class B]Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a [Class A][Class B] Lender thereunder, (iv) it is
sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets
of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to the Credit Agreement, as applicable, and
such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment Agreement and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment Agreement and to purchase the Assigned Interest, and
(vii) attached to the Assignment Agreement is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently
and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under
the Transaction Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Transaction Documents are required to be performed by it as a Lender. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 F-4 

 SECTION 2.    PAYMENTS. 

From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of
principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to, on or after the Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for
periods prior to the Effective Date or with respect to the making of this assignment directly between themselves. Notwithstanding the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in
kind from and after the Effective Date to the Assignee. 
 SECTION 3.    GENERAL PROVISIONS. 

This Assignment Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and
assigns. This Assignment Agreement may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment Agreement by telecopy shall be effective as
delivery of a manually executed counterpart of this Assignment Agreement. This Assignment Agreement shall be governed by, and construed in accordance with, the law of the State of New York. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 F-5 

 EXHIBIT G 

FORM OF SOLAR SERVICE AGREEMENT 

[SEE ATTACHED] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 G-1 

 SCHEDULE I 

ELIGIBILITY CRITERIA - 

REPRESENTATIONS AND WARRANTIES AS TO SOLAR
ASSETS 
  

	1.	 Accuracy of Schedule of Solar Assets. Each entry with respect to the Solar Asset set forth on the
Schedule of Solar Assets is complete, accurate, true and correct in all material respects and does not omit any necessary information that makes such entry misleading, including, if such Solar Asset is a Substantial Stage Solar Asset, the amount
disbursed to channel partners for services rendered in respect of Substantial Stage Solar Asset. 

  

	2.	 Form of Solar Service Agreement. The related Solar Service Agreement is substantially in the form of one
of the Parent’s standard forms of Solar Service Agreement attached as Exhibit G to this Agreement. The related Solar Service Agreement provides that an Approved Installer has designed, procured and installed, or will design, procure and
install, a PV System at the property specified in such Solar Service Agreement and the Host Customer agrees to purchase electric energy produced by such PV System or lease such PV System. At the time of installation, such Approved Installer was
properly licensed and had the required expertise to design, procure and install the related PV System. 

  

	3.	 Modifications to Solar Service Agreement. The terms of the related Solar Service Agreement have not been
amended, waived, extended, or modified in any manner inconsistent with the Customer Collection Policy. 

  

	4.	 Host Customer Payments in U.S. Dollars. The related Host Customer is obligated per the terms of the
related Solar Service Agreement to make payments in U.S. dollars to the owner of the related Solar Service Agreement or its designee. 

  

	5.	 Host Customer FICO Score. As of the date of the Solar Service Agreement, the related Host Customer has a
FICO of at least [***]. 

  

	6.	 Weighted Average FICO Score. After giving effect to the Solar Asset’s inclusion in the Collateral,
the weighted average FICO score (determined as of the dates of the related Solar Service Agreements) for Eligible Solar Assets will be at least [***]. 

  

	7.	 Absolute and Unconditional Obligation. The related Solar Service Agreement is by its terms an absolute
and unconditional obligation of the Host Customer to pay for electricity generated and delivered or that will be generated and delivered by the related PV System to such Host Customer after the related PV System has received Permission to Operate,
and the payment obligations under the related Solar Service Agreement do not provide for offset for any reason, including without limitation non-payment or
non-performance by the Parent or any assignee thereof under any Customer Warranty Agreement or Performance Guaranty. 

  

	8.	 Non-cancelable; Prepayable. The related Solar Service Agreement
is non-cancelable and prepayable by the Host Customer, if at all, only with a mandatory prepayment amount equal to or greater than an amount determined by the discounting of all remaining projected Host
Customer Payments at a pre-determined discount rate of not more than 6% per annum. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule I-1 

	9	 Freely Assignable. (a) Ownership of the related PV System is freely assignable to a Financing Fund
or SAP II, as applicable, and a security interest in such PV System may be granted by SAP II, without the consent of any Person, except any such consent as has already been obtained. 

(b) The related Solar Service Agreement and the rights with respect to the related Solar Assets (other than the PV System) are freely
assignable to a Financing Fund or SAP II, as applicable, and a security interest in such Solar Assets may be granted by SAP II, without the consent of any Person, except any such consent as has already been obtained. 

 

	10.	 Legal Compliance. The origination of the related Solar Service Agreement and related PV Systems, as
installed, was in compliance (or in the case of a Substantial Stage Solar Asset, will be in compliance) in all material respects with respect to the applicable federal, state and local laws and regulations including those relating to usury, truth-in-lending, consumer credit protection and disclosure laws at the time such Solar Service Agreement was originated or such PV System was installed (or in the case of a
Substantial Stage Solar Asset, will be installed), as applicable. 

  

	11.	 Legal, Valid and Binding Agreement. The related Solar Service Agreement is the legal, valid and binding
payment obligation of the related Host Customer, enforceable against such related Host Customer in accordance with its terms, except as such enforceability may be limited in the future by applicable bankruptcy, reorganization, insolvency, moratorium
or other laws affecting creditors’ rights generally, and except as such enforceability may be limited in the future by general principles of equity (whether considered in a suit at law or in equity). 

 

	12.	 No Delinquencies, Defaults or Terminations. The related Solar Service Agreement is not a Delinquent
Solar Asset or a Defaulted Solar Asset and the related PV System is not a Terminated Solar Asset. Furthermore, the Host Customer associated with the related Solar Service Agreement is not a Host Customer for any other Solar Service Agreement that
was originated, acquired and/or serviced by the Parent or any Affiliate thereof that would meet the definition of either Delinquent Solar Asset or Defaulted Solar Asset. 

 

	13.	 Minimum Payments Made. (i) Except in the case of a Substantial Stage Solar Asset or a Final Stage
Solar Asset, either a minimum of one payment due under the related Solar Service Agreement has been made or the related Host Customer’s first payment under the related Solar Service Agreement has not been made because such payment is not yet
due but such payment is due in the calendar month no later than the first full calendar month immediately following the related Transfer Date and (ii) solely in the case of a Substantial Stage Solar Asset or a Final Stage Solar Asset, the
related Host Customer’s first payment under the related Solar Service Agreement has not been made because such payment is not yet due but such payment is due in the calendar month that is no later than one hundred twenty (120) days after
the Transfer Date with respect to such Substantial Stage Solar Asset or Final Stage Solar Asset or no later than thirty (30) days after such Transfer Date. 

 

	14.	 PV System and Solar Service Agreement Status. The related PV System has not been turned off due to a
Host Customer delinquency under the Solar Service Agreement. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-2 

	15.	 Affiliate Host Customers. Solar Service Agreements comprising no more than 0.25% of the Aggregate
Discounted Solar Asset Balance as of the Closing Date (with respect to the Initial Solar Assets) and as of the most recent Transfer Date (as to all Eligible Solar Assets then owned by a Financing Fund or SAP II) are related to Host Customers that
are Persons who are employees of the Parent, the Borrower or any of their respective Affiliates. 

  

	16.	 No Adverse Selection. No selection procedures reasonably believed by the Parent or Borrower to be
adverse to the Lenders were utilized in selecting such Solar Asset and the related Solar Service Agreement from among the Eligible Solar Assets directly owned by the Parent or its Affiliates. 

 

	17.	 Full Force and Effect. The related Solar Service Agreement is in full force and effect in accordance
with its respective terms, except as may be limited in the future by applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally, and except as such enforceability may be limited in the
future by general principles of equity (whether considered in a suit at law or in equity). 

  

	18.	 Ordinary Course of Business. The related Solar Service Agreement relates to the sale of power from or
the leasing of a PV System, and such Solar Service Agreement was originated or acquired consistent with the ordinary course of business of the Parent. 

  

	19.	 PV System. Except in the case of a Substantial Stage Solar Asset, the related PV System was properly
delivered to and installed for the related Host Customer in good repair, without defects and in satisfactory order. Except in the case of a Substantial Stage Solar Asset, the related Host Customer has accepted the related PV System, and no related
Host Customer has notified the Parent or any Affiliate thereof of any existing defects therein which is not in the process of being investigated, addressed or repaired by the Parent or any Affiliate thereof. Except in the case of a Substantial Stage
Solar Asset, the Solar Photovoltaic Panels, Inverters and Energy Storage Systems with respect to the related PV System were manufactured by an Approved Vendor at the time of installation. 

 

	20.	 No Defenses Asserted. The related Solar Service Agreement has not been satisfied, subordinated or
rescinded and no lawsuit is pending with respect to such related Solar Service Agreement. 

  

	21.	 Insurance. With respect to the related PV System (other than if such PV System is related to a
Substantial Stage Solar Asset), the Parent has obtained and does maintain insurance in amounts and coverage consistent with the Parent’s policies. The Parent’s policies in respect of amounts, coverage and monitoring compliance thereof are
consistent with insurance broker recommendations based on probable maximum loss projections and with the Parent’s historic loss experience, taking into account what is commercially reasonable and available in the market on commercially
reasonable terms. All such required insurance is in full force and effect. 

  

	22.	 Taxes and Governmental Charges. The transfer, assignment and the pledge of the Collateral by the
Borrower and SAP II pursuant to the Security Agreement and the Pledge Agreement is not subject to and will not result in any Tax payable by the Borrower to any 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-3 

	 	
federal, state or local government except as has been paid or provided for. No Tax is owed in connection with any period prior to the applicable Cut-Off
Date except as has been paid or provided for. 

  

	23.	 Governing Law of Solar Service Agreement. The related Solar Service Agreement is governed by the laws of
a state or territory of the United States and was not originated in, nor is it subject to the laws of, any jurisdiction, the laws of which would make unlawful the sale, transfer, pledge or assignment of the related Solar Service Agreement under any
of the Transaction Documents, including any exchange for refund in accordance with the Transaction Documents. 

  

	24.	 No Unpaid Fees. Except in the case of a Substantial Stage Solar Asset or a Final Stage Solar Asset,
there are no unpaid fees owed to third parties relating to the origination of the related Solar Service Agreement and installation of the related PV System. 

  

	25.	 Payment Terms of Solar Service Agreement. The related Solar Service Agreement provides that the Host
Customer thereunder is required to make periodic Host Customer Payments, which are due and payable on a monthly basis, during the term of the related Solar Service Agreement. 

 

	26.	 PBI Payments. 

 

	 	a.	 All applications, forms and other filings required to be submitted in connection with the procurement of PBI
Payments have been properly made in all material respects under applicable law, rules and regulations and the related PBI Obligor has provided a written reservation approval (which may be in the form of electronic mail from the related PBI Obligor)
for the payment of PBI Payments. 

  

	 	b.	 All conditions to the payment of PBI Payments by the related PBI Obligor (including but not limited to the size
of the PV Systems, final site visits, provision of data, installation of metering, proof of project completion, production data and execution and delivery of final forms and related agreements (including all applications, forms and other filings and
any written reservation approvals, Interconnection Agreements and REC purchase agreements, if required, each, a “Performance Based Incentive Agreement”)) have been satisfied or approved, as applicable, and the PBI Obligor’s
payment obligation is an absolute and unconditional obligation of the PBI Obligor that is not, by the terms of the related Performance Based Incentive Agreement, subject to offset for any reason. 

 

	 	c.	 Copies of all PBI Documents and the Performance Based Incentive Agreement, if any, for PBI Payments have been
delivered to the Verification Agent as of the Closing Date (as to the Initial Solar Assets) or the related Transfer Date (as to any Additional Solar Asset or Substitute Solar Asset). 

 

	 	d.	 To the extent the rights to receive PBI Payments and the related Performance Based Incentive Agreement, if any,
are not freely assignable without the consent of the related PBI Obligor, or if consent or notice to any Person is required for the grant of a security interest, such consent will have been obtained or notice will have been

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-4 

	 	
given as of the Closing Date (as to the Initial Solar Assets) or the related Transfer Date (as to any Additional Solar Asset or Substitute Solar Asset). The PBI Payments are not subject to any
law, rule or regulation which would make unlawful the sale, transfer, pledge or assignment of any rights to the PBI Payments within the regulations set forth with respect to such PBI Payments. Immediately prior to the transfer of the rights to the
PBI Payments and the related Performance Based Incentive Agreement, if any, to a Financing Fund or SAP II, TEP II Developer had full legal and equitable title to such rights, free and clear of all Liens except for Permitted Liens and a Financing
Fund or SAP II, as applicable, acquired full legal and equitable title to such PBI Payments and the related Performance Based Incentive Agreement, free and clear of all Liens, except for Permitted Liens or Permitted Equity Liens. To the extent that
notice is required, upon completion of the assignment of a Performance Based Incentive Agreement to a Financing Fund or SAP II, as applicable, the Parent or an affiliate thereof delivered notice to the PBI Obligor indicating that such Financing Fund
or SAP II, as applicable, is the owner of the related PV System and the payee of the PBI Payment. 

  

	 	e.	 If a Performance Based Incentive Agreement is required by the laws, rules or regulations governing the
obligations of the PBI Obligor to pay the PBI Payments, such Performance Based Incentive Agreement is, to the best of the knowledge of the Parent, the legal valid and binding payment obligation of the PBI Obligor, enforceable against such PBI
Obligor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally, and except as such enforceability may be
limited by general principles of equity (whether considered at law or in equity). 

  

	 	f.	 The transfer, assignment and pledge of the rights to the PBI Payments is not subject to and will not result in
any tax, fee or governmental charge payable by the Borrower to any federal, state or local government, except as paid. 

  

	27.	 Host Customer. The related Solar Services Agreement was either originated or acquired by the Parent in
the ordinary course of business and in accordance with its Underwriting and Reassignment Credit Policy. 

  

	28.	 Warranties. All Manufacturer Warranties relating to the related Solar Service Agreement and the related
PV System are in full force and effect and can be enforced by a Financing Fund, SAP II or the Manager (other than with respect to those Manufacturer Warranties that are no longer being honored by the relevant manufacturer with respect to all
customers generally, and except as such enforceability may be limited in the future by applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally, and except as such enforceability may be
limited in the future by general principles of equity (whether considered in a suit at law or in equity). 

  

	29.	 True Lease. The related Solar Service Agreement in the form of a Lease Agreement is a “true”
lease, as defined in Article 2-A of the UCC. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-5 

	30.	 UCC. The related Solar Service Agreement and rights to PBI Payments constitute “general
intangibles”, “accounts” or “chattel paper” within the meaning of the applicable UCC and no paper originals with respect to any “chattel paper” or single authoritative copy with respect to “electronic chattel
paper” exists. The PV Systems constitute “Equipment” within the meaning of the applicable UCC. Upon the filing of all appropriate financing statements in the proper filing offices in the appropriate jurisdictions, the Administrative
Agent will have a first priority perfected security interest in and to the Solar Service Agreements, the rights to PBI Payments and the PV Systems, subject to Permitted Liens and in each case related solely to the SAP II Solar Assets.

  

	31.	 Fixture Filing. The terms of the related Solar Service Agreement provide that the parties thereto agree
that the related PV System is not a fixture. The Parent or an Affiliate thereof has filed (or in the case of a Substantial Stage Solar Asset, will file) a protective UCC fixture filing or, with respect to Guam, its jurisdictional equivalent, in
respect of the related PV System; provided, that (i) certain of such UCC fixture filings or such equivalent filings have been temporarily released in order to assist the applicable Host Customer in a pending refinancing of such Host
Customer’s mortgage loan or sale of the related property and (ii) as a result, such UCC fixture filings or equivalent filings may not have been filed or maintained in a manner that would provide priority under the UCC over a conflicting
interest of an encumbrancer or owner of the real property subject to such UCC fixture filing or equivalent filing. 

  

	32.	 Host Customer Residency. The related Host Customer is a resident of one of the 50 states of the United
States, the District of Columbia or an Approved U.S. Territory. 

  

	33.	 PV System. The related PV System was installed (or in the case of a Substantial Stage Solar Asset, will
be installed) on a single-family residential property and one or more of the Host Customers is the owner of the real property on which the PV System is installed in one of the 50 states of the United States, the District of Columbia or an Approved
U.S. Territory. No related Host Customer has notified the Parent or any Affiliate thereof of any damage or other casualty affecting the PV system or home and neither the Parent nor any Affiliate thereof is aware of any other event that has occurred,
in each case, that would affect the value or performance of the Solar Asset or the PV System. All parts and materials furnished in connection with the related PV System which are material to the solar energy production performance of such PV System,
including but not limited to the Solar Photovoltaic Panels and Inverters, are (or in the case of a Substantial Stage Solar Asset, will be) newly manufactured with a manufacturer date no more than 12 months prior to the date the Solar Asset was
originated. 

  

	34.	 Hedged SRECs. With respect to all Solar Assets for which the related Host Customer is a resident of
either New Jersey or Massachusetts, as of the date that is 120 days from the Closing Date, the Projected SREC Hedge Ratio determined for the SREC Years 2018, 2019, 2020, 2021 and 2022 does not exceed 85%. 

 

	35.	 Maximum Solar Asset Tenor. The original term to maturity of the Solar Asset does not exceed 300 months.

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-6 

	36.	 Host Customer Solvency: (i) The Host Customer is not a debtor in a bankruptcy case as of the
Closing Date (in the case of the Initial Solar Assets) or the related Transfer Date (in the case of Additional Solar Assets or Substitute Solar Assets), and (ii) the Host Customer has not commenced any litigation or asserted any claim in
writing challenging the validity or enforceability of the related Solar Service Agreement. 

  

	37.	 No Impairment. Neither the Parent nor any of its Affiliates has done anything to impair the rights of
the Borrower, the Administrative Agent or the Lenders in the Collateral or payments with respect thereto. 

  

	38.	 Ownership. A Financing Fund or SAP II, as applicable, has full legal and equitable title to the related
PV System and related Solar Service Agreement, in each case free and clear of all Liens except for Permitted Liens and Permitted Equity Liens. 

  

	39.	 Final Stage Solar Asset. If such Solar Asset is a Final Stage Solar Asset, such Solar Asset will not be
a Final Stage Solar Asset for more than 150 days since the date such Solar Asset first constituted a Final Stage Solar Asset. 

  

	40.	 Substantial Stage Solar Asset. If such Solar Asset is a Substantial Stage Solar Asset, (i) such
Solar Asset will not be a Substantial Stage Solar Asset for more than 90 days (or 120 days if the related Host Customer is located in the East Region) since the Parent or an Affiliate thereof has issued a “notice to proceed” confirming the
related Host Customer signed the related Solar Service Agreement, a channel partner submitted a final design proposal and such proposal was approved by the Parent or an Affiliate thereof and (ii) the related Host Customer has not cancelled the
installation of the Solar Asset notwithstanding receipt of the related “notice to proceed.” 

  

	41.	 Puerto Rico Solar Asset. If such Solar Asset is a Puerto Rico Solar Asset, the related PV System relies
on one or more Energy Storage Systems and does not rely on the operation of the utility grid in order to operate. 

  

	42.	 Hedged SREC Payments. 

 

	 	a.	 All applications, forms and other filings required to be submitted in connection with the procurement of Hedged
SREC Payments have been properly made in all material respects under applicable law, rules and regulations and the related Eligible Hedged SREC Counterparty has provided a written reservation approval (which may be in the form of electronic mail
from the related Eligible Hedged SREC Counterparty) for the payment of Hedged SREC Payments. 

  

	 	b.	 All conditions to the payment of Hedged SREC Payments by the related Eligible Hedged SREC Counterparty have
been satisfied or approved, as applicable, and the Eligible Hedged SREC Counterparty’s payment obligation is an absolute and unconditional obligation of the Eligible Hedged SREC Counterparty that is not, by the terms of the related Hedged SREC
Agreement, subject to offset for any reason. 

  

	 	c.	 Copies of all Hedged SREC Agreements with respect to Hedged SREC Payments have been delivered to the
Verification Agent as of the Closing Date (as to the Initial Solar Assets) or the related Transfer Date (as to any Additional Solar Asset or Substitute Solar Asset). 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-7 

	 	d.	 To the extent that the rights to receive Hedged SREC Payments and the related Hedged SREC Agreement, if any,
are not freely assignable without the consent of the Eligible Hedged SREC Counterparty, or if consent of or notice to any Person is required for the grant of a security interest, such consent will have been obtained or notice will have been given as
of the Closing Date (as to the Initial Solar Assets) or the related Transfer Date (as to any Additional Solar Asset or Substitute Solar Asset). The Hedged SREC Payments are not subject to any law, rule or regulation which would make unlawful the
sale, transfer, pledge or assignment of any rights to the Hedged SREC Payments within the regulations set forth with respect to such Hedged SREC Payments. Immediately prior to the transfer of the rights to the Hedged SREC Payments and the related
Hedged SREC Agreement to the Borrower, TEP II Developer had full legal and equitable title to such rights, free and clear of all Liens except for Permitted Liens and the Borrower acquired full legal and equitable title to such Hedged SREC Payments
and the related Hedged SREC Agreement, free and clear of all Liens, except for Permitted Liens, Permitted Equity Liens and security interest granted to the Administrative Agent. To the extent notice is required, upon completion of the assignment of
a Hedged SREC Agreement to the Borrower, TEP II Developer delivered notice to the Eligible Hedged SREC Counterparty indicating that the Borrower is the owner of the related PV System and the payee of the Hedged SREC Payment. 

 

	 	e.	 If a Hedged SREC Agreement is required by the laws, rules or regulations governing the obligations of the
Eligible Hedged SREC Counterparty to pay the Hedged SREC Payments, such Hedged SREC Agreement is, to the best of the knowledge of the Parent, the legal valid and binding payment obligation of the Eligible Hedged SREC Counterparty, enforceable
against such Eligible Hedged SREC Counterparty in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally, and
except as such enforceability may be limited by general principles of equity (whether considered at law or in equity). 

  

	 	f.	 The transfer, assignment and pledge of the rights to the Hedged SREC Payments is not subject to and will not
result in any tax, fee or governmental charge payable by the Borrower to any federal, state or local government, except as paid. 

  

	43.	 Delivery of Solar Service Agreement The related Solar Service Agreement and any amendments or
modifications have been converted into an electronic (.pdf) form (an “Electronic Copy”) and delivered to the Verification Agent. The related original (or “authoritative copy” for purposes of the UCC) of the Solar Service
Agreement and any amendments or modifications have been destroyed on or before the Closing Date (as to the Initial Solar Assets) or the related Transfer Date (as to any Additional Solar Asset or Substitute Solar Asset) in compliance with the
Parent’s document storage policies or, if not destroyed, no other Person has or could obtain possession or control thereof in a manner that would enable such Person to claim priority over the lien of the Administrative Agent.

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-8 

	44.	 Financing Funds/SAP II. 

 

	 	a.	 Each Tax Equity Facility Document to which any Tax Equity Party is a party is a legal, valid and binding
obligation of such Tax Equity Party, enforceable against such Tax Equity Party in accordance with its terms, except as such enforceability may be limited in the future by applicable bankruptcy, reorganization, insolvency, moratorium or other laws
affecting creditors’ rights generally, and except as such enforceability may be limited in the future by general principles of equity (whether considered in a suit at law or in equity). None of the Tax Equity Facility Documents to which a Tax
Equity Party is a party has been amended or modified since the effective date of such Tax Equity Facility Documents other than as set forth on Schedule VIII. No Tax Equity Party is party to any material contract, agreement or other
undertaking except the Tax Equity Facility Documents and any other contract, agreement or undertaking previously disclosed in writing to the Administrative Agent. 

 

	 	b.	 All Tax Equity Facility Documents are in full force and effect and no material breach, default or event of
default has occurred and is continuing thereunder or in connection therewith, except in either case to the extent that such breach, default or event of default could not reasonably be expected to have a Material Adverse Effect or that could have a
material adverse effect on the PV Systems owned by a Financing Fund or the PV Systems owned by SAP II or on the legality, validity or enforceability of the Tax Equity Facility Documents. 

 

	 	c.	 None of the Managing Member, the Financing Funds or SAP II has any indebtedness or other obligations or
liabilities, direct or contingent other than as permitted under the Transaction Documents. The Managing Member has full legal and equitable title to the Managing Member Interests free and clear of all Liens. 

 

	 	d.	 No loan to the Managing Member, the Financing Funds or SAP II made or indebtedness incurred prior to the
related Closing Date remains outstanding. 

  

	 	e.	 Each of the Managing Member and SAP II is a limited liability company that is disregarded for federal income
tax purposes. 

  

	 	f.	 None of the Managing Member, the Financing Funds or SAP II is in breach or default under or with respect to any
contractual obligation. 

  

	 	g.	 None of the Managing Member, the Financing Funds or SAP II has conducted any business other than the business
contemplated by the Tax Equity Facility Documents. 

  

	 	h.	 No event has occurred under the Tax Equity Facility Documents that would allow a Tax Equity Investor or another
member to remove, or give notice of removal of, the Managing Member, nor has the Managing Member given or received notice of an action, claim or threat of removal. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-9 

	 	i.	 No event or circumstance occurred and is continuing that has resulted or would reasonably be expected result in
or trigger any limitation, reduction, suspension or other restriction of the Managing Member Distributions. 

  

	 	j.	 There are no actions, suits, proceedings, claims or disputes pending or, to the Borrower’s knowledge,
threatened in writing or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against a Financing Fund, SAP II or the Managing Member, or against any of their properties or revenues that, either individually or
in the aggregate, could reasonably be expected to have a Material Adverse Effect or that could have a material adverse effect on the Solar Assets or on the legality, validity or enforceability of any of the Transaction Documents or any of the Tax
Equity Facility Documents. 

  

	 	k.	 No notice or action challenging the tax structure, tax basis validity, tax characterization or tax-related legal compliance of the Tax Equity Facility or the tax benefits associated with the Tax Equity Facility is ongoing or has been resolved in a manner adverse to the Tax Equity Facility or the Managing
Member, in each case, that would reasonably be expected to have a material adverse effect on the Tax Equity Facility or the Managing Member. 

  

	 	l.	 The only holders of equity interests in the Financing Funds are the Managing Member and Tax Equity Investors
and other than the Purchase Options there are no outstanding obligations of the Managing Member or a Tax Equity Investor to repurchase, redeem, or otherwise acquire any membership or other equity interests in the Managing Member and a Tax Equity
Investor, as applicable, or to make payments to any person, such as “phantom stock” payments, where the amount thereof is calculated with reference to the fair market value or equity value of the Managing Member and a Tax Equity Investor,
as applicable. The class or classes of membership interests that a Financing Fund is authorized to issue and has issued are expressly set forth in its Financing Fund LLCA. 

 

	 	m.	 Each of the Financing Funds and SAP II has filed, or has caused to be filed with the appropriate tax authority,
all federal, state and local tax returns that it is required to file and has paid or has caused to be paid all taxes it is required to pay to the extent due; provided, however, that each of the Financing Funds and SAP II may contest in good faith
any such taxes and, in such event, may permit the taxes so contested to remain unpaid during any period, including appeals, when the Financing Funds and SAP II, as applicable, are in good faith contesting the same, so long as such contest is pursued
in accordance with the requirements of each applicable Tax Equity Facility Document. There is no action, suit, proceeding, investigation, audit or claim now pending by a taxing authority regarding any taxes relating to the Financing Funds or SAP II
that could, if made, individually or in the aggregate have a Material Adverse Effect. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-10 

	 	n.	 The Borrower has delivered to the Administrative Agent the most recent financial statements (including the
notes thereto) prepared in respect of the Financing Funds and SAP II pursuant to the requirements of the Tax Equity Facility Documents, and such financial statements (if any) (a) fairly present in all material respects the financial condition
of the Financing Funds and SAP II, as applicable, as of the date thereof and (b) have been prepared in accordance with the requirements of Tax Equity Facility Documents. Such financial statements and notes thereto disclose all direct or
contingent material liabilities of the Financing Funds and SAP II as of the dates thereof, including liabilities for taxes, material commitments and debt. 

  

	 	o.	 The Financing Funds or SAP II, as applicable, is party to each Solar Service Agreement in respect of each PV
System owned by it. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 I-11 

 SCHEDULE II 

THE COLLECTION ACCOUNT, THE SUPPLEMENTAL RESERVE
ACCOUNT, THE 
 LIQUIDITY RESERVE ACCOUNT,
THE SAP II REVENUE ACCOUNT, THE TAKEOUT 

TRANSACTION ACCOUNT AND THE BORROWER’S
ACCOUNT 
  

			
	 Collection Account
	  	
		
	 Bank Name:
	  	 Wells Fargo Bank, N.A.

	 ABA No.:
	  	 [***]

	 Account No.:
	  	 [***]

	 Account Name:
	  	 [***]

	 FFC:
	  	 [***]

	
	 Supplemental Reserve Account

		
	 Bank Name:
	  	 Wells Fargo Bank, N.A.

	 ABA No.:
	  	 [***]

	 Account No.:
	  	 [***]

	 Account Name:
	  	 [***]

	 FFC:
	  	 [***]

	
	 Liquidity Reserve Account

		
	 Bank Name:
	  	 Wells Fargo Bank, N.A.

	 ABA No.:
	  	 [***]

	 Acct:
	  	 [***]

	 Account Name:
	  	 [***]

	 FFC:
	  	 [***]

	
	 SAP II Revenue Account

		
	 Bank Name:
	  	 Wells Fargo Bank, N.A.

	 ABA No.:
	  	 [***]

	 Account No.:
	  	 [***]

	 Account Name:
	  	 [***]

	 FFC:
	  	 [***]

	
	 Takeout Transaction Account

		
	 Bank Name:
	  	 Wells Fargo Bank, N.A.

	 ABA No.:
	  	 [***]

	 Account No.:
	  	 [***]

	 Account Name:
	  	 [***]

	 FFC:
	  	 [***]

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule II-1 

			
	 Borrower’s Account

		
	 Bank Name:
	  	 Texas Capital Bank

	 ABA No.:
	  	 [***]

	 Account No.:
	  	 [***]

	 Account Name:
	  	 [***]

	 Reference:
	  	 [***]

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule II-2 

 SCHEDULE III 

[RESERVED] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule III-1 

 SCHEDULE IV 

SCHEDULED HEDGED SREC PAYMENTS 

[On file with the Administrative Agent] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule IV-1 

 SCHEDULE V 

SCHEDULED HOST CUSTOMER PAYMENTS 

[On file with the Administrative Agent] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule V-1 

 SCHEDULE VI 

SCHEDULED PBI PAYMENTS 

[On file with the Administrative Agent] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule VI-1 

 SCHEDULE VII 

SCHEDULED MANAGING MEMBER DISTRIBUTIONS 

[On file with the Administrative Agent] 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule VII-1 

 SCHEDULE VIII 

TAX EQUITY DEFINITIONS 

Financing Funds 
  

	1.	 Sunnova TEP II, LLC, a Delaware limited liability company (“TEP II”) 

 

	2.	 Sunnova TEP II-B, LLC, a Delaware limited liability company
(“TEP II-B”) 

  

	3.	 Sunnova TEP III, LLC, a Delaware limited liability company (“TEP III”) 

Financing Fund LLCAs 
  

	1.	 With respect to TEP II, the Amended and Restated Limited Liability Company Agreement, dated as of
December 29, 2017, entered into between the applicable Managing Member and the applicable Tax Equity Investor, as amended by the First Amendment to Amended and Restated Limited Liability Company Agreement, dated as of August 17, 2018 (the
“TEP II LLCA”) 

  

	2.	 With respect to TEP II-B, the Second Amended and Restated Limited
Liability Company Agreement, dated as of May 21, 2018, entered into between the applicable Managing Member and the applicable Tax Equity Investors, as amended by the First Amendment to Second Amended and Restated Limited Liability Company
Agreement, dated as of August 17, 2018 (the “TEP II-B LLCA”) 

  

	3.	 With respect to TEP III, the Amended and Restated Limited Liability Company Agreement, dated as of
January 28, 2019, entered into between the applicable Managing Member and the applicable Tax Equity Investors (the “TEP III LLCA”) 

Management Agreements 
  

	1.	 Management Agreement, dated as of December 29, 2017, by and between the related Manager and TEP II
(“TEP II Management Agreement”) 

  

	2.	 Management Agreement, dated as of December 29, 2017, by and between the related Manager and TEP II-B (“TEP II-B Management Agreement”) 

  

	3.	 Management Agreement, dated as of December 29, 2017, by and between the related Manager and SAP II

  

	4.	 Management Agreement, dated as of January 28, 2019, by and between the related Manager and TEP III
(“TEP III Management Agreement”) 

 Managers 

 

	1.	 Sunnova TE II Management, LLC, a Delaware limited liability company 

 

	2.	 Sunnova TE III Management, LLC, a Delaware limited liability company 

Managing Members 
  

	3.	 Sunnova TEP II Manager, LLC, a Delaware limited liability company 

 

	4.	 Sunnova TEP III Manager, LLC, a Delaware limited liability company 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule VIII-1 

 Managing Member Interests 
  

	1.	 The Class B Interest in TEP II 

 

	2.	 The Class B Interest in TEP II-B 

 

	3.	 The Class B Interest in TEP III 

 

	4.	 To the extent the TEP II Purchase Option is exercised, the Class A Interest in TEP II

  

	5.	 To the extent the TEP II-B Purchase Option is exercised, the
Class A Interest in TEP II-B 

  

	6.	 To the extent the TEP III Purchase Option is exercised, the Class A Interest in TEP III

 Master Purchase Agreements 
  

	1.	 Master Development, Purchase and Sale Agreement, dated as of December 29, 2017, between TEP II Developer
and TEP II (“TEP II MDPSA”) 

  

	2.	 Master Development, Purchase and Sale Agreement, dated as of December 29, 2017, between TEP II Developer
and TEP II-B, as amended by the Amendment to Master Development, Purchase and Sale Agreement, dated as of May 21, 2018, between TEP II Developer and TEP II-B
(“TEP II-B MDPSA”) 

  

	3.	 Master Development, Purchase and Sale Agreement, dated as of January 28, 2019, between TEP II Developer
and TEP III (“TEP III MDPSA”) 

 Purchase Options 

 

	1.	 “TEP II Purchase Option” means the right of the applicable Managing Member or its designated
Affiliate to purchase the related Tax Equity Investor’s interest in TEP II 

  

	2.	 “TEP II-B Purchase Option” means the right of the
applicable Managing Member or its designated Affiliate to purchase the related Tax Equity Investor’s interest in TEP II-B 

 

	3.	 “TEP III Purchase Option” means the right of the applicable Managing Member or its designated
Affiliate to purchase the related Tax Equity Investor’s interest in TEP III 

 Servicing Agreements 

 

	1.	 Servicing Agreement, dated as of December 29, 2017, by and among the Manager, TEP II and GreatAmerica
Portfolio Services Group LLC (“TEP II Servicing Agreement”) 

  

	2.	 Servicing Agreement, dated as of December 29, 2017, by and among the Manager, TEP II-B and GreatAmerica Portfolio Services Group LLC (“TEP II-B Servicing Agreement”) 

 

	3.	 Servicing Agreement, dated as of December 29, 2017, by and among the Manager, SAP II and GreatAmerica
Portfolio Services Group LLC 

  

	4.	 Servicing Agreement, dated as of January 28, 2019, by and among the Manager, TEP III and GreatAmerica
Portfolio Services Group LLC (“TEP III Servicing Agreement”) 

 Tax Equity Financing Documents 

TEP II 
  

	1.	 Guaranty, dated as of December 29, 2017, by Parent for the benefit of the applicable Tax Equity Investor

  

	2.	 TEP II Management Agreement 

 

	3.	 TEP II Servicing Agreement 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule VIII-2 

	4.	 TEP II MDPSA 

  

	5.	 TEP II LLCA 

  

	6.	 Solar Renewable Energy Certificate Purchase and Sale Agreement, dated as of December 29, 2017, by and
between the Borrower and TEP II. 

 TEP II-B 

 

	1.	 Amended and Restated Guaranty, dated as of May 21, 2018, by Parent for the benefit of the applicable Tax
Equity Investors 

  

	2.	 TEP II-B Management Agreement 

 

	3.	 TEP II-B Servicing Agreement 

 

	4.	 TEP II-B MDPSA 

 

	5.	 TEP II-B LLCA 

 

	6.	 Solar Renewable Energy Certificate Purchase and Sale Agreement, dated as of December 29, 2017, by an
between the Borrower and TEP II-B 

 TEP III 

 

	1.	 Guaranty, dated as of January 28, 2019, by Parent for the benefit of the applicable Tax Equity Investors

  

	2.	 TEP III Management Agreement 

 

	3.	 TEP III Servicing Agreement 

 

	4.	 TEP III MSPSA 

  

	5.	 TEP III LLCA 

  

	6.	 Solar Renewable Energy Certificate Purchase and Sale Agreement, dated as of January 28, 2019, by and
between the Borrower and TEP III 

 Tax Equity Investors 
  

	1.	 With respect to TEP II, Firstar Development, LLC, a Delaware limited liability company 

 

	2.	 With respect to TEP II-B, collectively Firstar Development, LLC, a
Delaware limited liability company and Cathay Bank, a California state chartered bank 

  

	3.	 With respect to TEP III, collectively, Firstar Development, LLC, a Delaware limited liability company and USB
RETC Fund 2019-14, LLC, a Delaware limited liability company 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule VIII-3 

 SCHEDULE IX 

SAP II FINANCING DOCUMENTS 
  

	1.	 Contribution Agreement, dated as of August 17, 2018, by and between TEP II Developer and Borrower.

  

	2.	 Contribution Agreement, dated as of August 17, 2018, by and between Borrower and SAP II.

  

	3.	 Management Agreement, dated as of August 17, 2018, by and between Manager and SAP II.

  

	4.	 Servicing Agreement, dated as of August 17, 2018, by and among
Back-up Servicer, Manager and SAP II. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule IX-1 

 SCHEDULE X 

SAP II NTP FINANCING DOCUMENTS 
  

	1.	 Contribution Agreement by and between TEP II Developer and Borrower, in form and substance reasonably
acceptable to the Administrative Agent. 

  

	2.	 Contribution Agreement by and between Borrower and SAP II, in form and substance reasonably acceptable to the
Administrative Agent. 

  

	3.	 Distribution Agreement by and between SAP II and Borrower, in form and substance reasonably acceptable to the
Administrative Agent. 

  

	4.	 Distribution Agreement by and between Borrower and TEP II Developer, in form and substance reasonably
acceptable to the Administrative Agent. 

  
 [***] = Certain confidential
information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. 

  
 Schedule X-1

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