Document:

EX-10.9

 Exhibit 10.9 

FORM OF 
 COMMON STOCK
PURCHASE AGREEMENT 
 This COMMON STOCK PURCHASE AGREEMENT (“Agreement”) is made as of
[                ] (the “Effective Date”), by and between REV Renewables, Inc., a Delaware corporation (the “Company”), and Grid
Solutions II LLC, a Delaware limited liability company (the “Investor”). 
 WHEREAS, the Investor desires to purchase from
the Company, and the Company desires to sell and issue to the Investor $100.0 million of the common stock, par value $0.01 per share, of the Company (the “Common Stock”) in a private placement that shall take place concurrently
with the closing of the Company’s initial public offering of Common Stock (the “IPO”) on the terms and subject to the conditions set forth in this Agreement (the “Financing”); 

WHEREAS, the Closing (as defined below) of the Financing shall take place concurrently with the closing of the IPO and at the price per share
equal to the initial public offering price per share that the Common Stock is sold to the public in the IPO (before any underwriting discounts or commissions) (the “IPO Price”), as set forth on the cover of the final prospectus
filed with the Securities and Exchange Commission (the “SEC”) 
 WHEREAS, the Investor may be entitled to purchase from the
Company certain additional Common Stock after the Closing pursuant to the terms of this Agreement; and 
 WHEREAS, in order to effect the
IPO, the Company shall enter into an Underwriting Agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC and RBC Capital Markets, LLC, as representatives of the several
underwriters named therein (the “Underwriters”). 
 NOW, THEREFORE, in consideration of the mutual covenants contained
herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 
 PURCHASE
AND SALE OF STOCK. 
 1.1    Defined Terms. Capitalized terms used in this Agreement that are not otherwise
defined in the body of this Agreement have the respective meanings ascribed to such terms as set forth below: 
 “Control”
means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, by contract or otherwise. The terms “Controlled”,
“Controlling” and other terms of similar import shall have correlative meanings. 
 “Governmental
Entity” means the United States of America or any other nation, any state or other political subdivision thereof, or any entity exercising executive, legislative, judicial, regulatory or administrative functions of government or any
agency or department or subdivision of any governmental authority, including the United States federal government, the government of any other nation or any state or local government. 

 “Liability” or “Liabilities” means any and all debts,
liabilities and obligations of any nature whatsoever, whether accrued or fixed, absolute or contingent, mature or unmatured, known or unknown or determined or indeterminable. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization, any other business entity, or a Governmental Entity. 

1.2    Sale and Issuance of Stock. At the Closing (as defined below), the Company agrees to issue and sell to the
Investor, and the Investor agrees to purchase from the Company $100.0 million of Common Stock (such amount, the “Investment Amount”) at the IPO Price pursuant to a private placement exempt from registration under the Securities
Act of 1933, as amended (the “Securities Act”). The number of shares of Common Stock to be sold by the Company and purchased by the Investor at Closing (the “Shares”) shall equal the number of shares determined by
dividing the Investment Amount by the IPO Price (rounded down to the nearest whole share). The total purchase price to be paid by the Investor for the Shares is equal to (a) the number of Shares multiplied by (b) the IPO Price (the
“Purchase Price”). 
 1.3    Right to Purchase Additional Shares. If the quotient of: 

(a)     the number of shares of Common Stock to be received by the Investor pursuant to the merger agreement, dated as of
[                ], among REV Renewables, LLC (“REV LLC”), Rev Merger Sub, LLC and the Company (the form of which is attached hereto as
Exhibit A) (the “Rev LLC Merger Agreement” and the transactions contemplated thereby, the “Rev LLC Merger”) plus the number of shares of Common Stock to be purchased under this Agreement (including the
Shares and the Additional Shares (as defined below)), divided by 
 (b)    the total number of shares of Common
Stock outstanding on a fully diluted basis immediately after consummation of the IPO, is less than the quotient of: 

(i)    $300,000,000, divided by 

(ii)    the lesser of $2,800,000,000 and the value of the shares of Common Stock to be received by the owners of REV LLC
other than the Investor pursuant to the Rev LLC Merger Agreement, assuming a per share value of 90% of the IPO Price plus $300,000,000, 
 then the
Investor shall have the right, by notice (“Additional Share Notice”) to the Company not later than 5:00 pm Eastern on the second business day after the date of the Closing (or, with respect to any right to purchase additional shares
of Common Stock triggered by closing of the option of the underwriters of the IPO to purchase additional shares of Common Stock (the “Green Shoe”), after the date the Company provides notice to the Investor that the underwriters
have exercised such option), to purchase a number of additional shares of Common Stock from the Company as determined by the Investor up to such number that such quotients are equal (the “Additional Shares”). If the Investor elects
to purchase the Additional Shares, the Company agrees to issue and sell to the Investor the Additional Shares, and the Investor agrees to purchase the Additional 

  
 2 

 
Shares at an Additional Closing (as defined below), at the IPO Price pursuant to a private placement exempt from registration under the Securities Act. The total purchase price to be paid by the
Investor for Additional Shares is equal to (a) the number of Additional Shares multiplied by (b) the IPO Price (the “Additional Purchase Price”). For the avoidance of doubt, any exercise of the Green Shoe shall be treated
as an additional consummation of the IPO, but the Investor will only have the option to purchase Additional Shares to the extent resulting from such exercise. 

1.4    Payment of Purchase Price. Payment of the Purchase Price and (if applicable) the Additional Purchase Price
shall be made at the Closing (as defined below) and (if applicable) any Additional Closing by wire transfer of immediately available funds to the account specified in writing by the Company to the Investor, subject to the satisfaction of the
conditions set forth in this Agreement. Payment of the Purchase Price for the Shares and (if applicable) the Additional Purchase Price for the Additional Shares shall be made against delivery to the Investor, which Shares and (if applicable) the
Additional Shares shall be uncertificated and shall be registered in the name of the Investor on the books of the Company by the Company’s transfer agent. 

1.5    Closing. The closing of the sale and purchase of the Shares (the “Closing”) will take place
concurrently with the closing of the IPO and will be effected remotely via the exchange of documents and signatures after the satisfaction or waiver of each of the conditions applicable to the Closing set forth in Article IV and Article
V (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the fulfillment or waiver of those conditions). 

1.6    Additional Closing. The closing of the sale and purchase of Additional Shares (an “Additional
Closing”) will take place no later than two (2) business days following the applicable Additional Share Notice and will be effected remotely via the exchange of documents and signatures after the satisfaction or waiver of each of the
conditions applicable to the Additional Closing set forth in Article IV and Article V (other than those conditions that by their nature are to be satisfied at the Additional Closing, but subject to the fulfillment or waiver of those conditions);
provided, however, that the Additional Closing shall not take place earlier than the expiration of the Underwriters’ option to purchase additional shares of Common Stock pursuant to the terms of the Underwriting Agreement, or the full
exercise thereof. 
 ARTICLE II 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY. 

The Company hereby represents and warrants to the Investor that the following representations are true and correct as of the date hereof, as
of the Closing and (if applicable) as of each Additional Closing (except to the extent any such representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct as of such
earlier date). 
 2.1    Organization, Valid Existence and Qualification. The Company is a corporation duly
organized and validly existing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as currently conducted. The Company is duly qualified to transact business as a foreign corporation
in each jurisdiction in which it conducts its business, except where failure to be so qualified could not reasonably be expected to result, either individually or in the aggregate, in a material adverse effect on the Company’s financial
condition, business or operations. 

  
 3 

 2.2    Authorization. All corporate action on the part of the
Company, its officers, directors and stockholders necessary for the authorization, execution and delivery of this Agreement, the performance of all obligations of the Company hereunder, and the authorization, issuance, sale and delivery of the
Shares and the Additional Shares, has been taken or will be taken prior to the Closing, and this Agreement constitutes the valid and legally binding obligation of the Company, enforceable in accordance with its terms, except (a) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, and (b) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies. 
 2.3    Valid Issuance of Shares. The Shares and (if applicable)
the Additional Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and nonassessable, and will be transferred to the Investor
free of liens, encumbrances and restrictions on transfer other than (a) restrictions on transfer under this Agreement and under applicable state and federal securities laws, (b) restrictions on transfer under the lock-up agreement entered into by the Investor for the benefit of the Underwriters in the IPO and (c) any liens, encumbrances or restrictions on transfer that are created or imposed by the Investor. Subject in
part to the truth and accuracy of the Investor’s representations set forth in Article III of this Agreement, the offer, sale and issuance of the Shares and (if applicable) the Additional Shares as contemplated by this Agreement are
exempt from the registration requirements of applicable state and federal securities laws. 
 2.4    Non-Contravention. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority on the part of the
Company is required in connection with the consummation of the sale and issuance of Shares and (if applicable) the Additional Shares contemplated by this Agreement. The execution, delivery and performance of this Agreement and the consummation of
the transactions contemplated hereby (the “Transactions”) will not result in any such violation or constitute, with or without the passage of time and giving of notice, either (a) a default in any material respect of any such
instrument, judgment, order, writ or decree, or (b) an event that results in the creation of any lien, charge or encumbrance upon any assets of the Company or the suspension, revocation, impairment, forfeiture, or nonrenewal of any material
permit, license, authorization or approval applicable to the Company, in each case, which could reasonably be expected to result, either individually or in the aggregate, in a material adverse effect on the Company’s financial condition,
business or operations. 
 2.5    Capitalization. As of the Closing, the Company will have the authorized
capitalization set forth in the Registration Statement (as defined below) and the outstanding shares of capital stock of the Company will be as set forth in the Registration Statement under the caption “Capitalization”, subject to
adjustment for any change in the number of shares issued in the IPO or any Additional Shares issued hereunder. 

2.7    Absence of Certain Changes. Since the dates of its and its Predecessors’ (as defined in the
Registration Statement) most recent audited financial statements contained in the Registration Statement, except as identified and described in the Registration Statement, no material adverse effect on the Company or its Predecessors has occurred
and is continuing. 

  
 4 

 2.9    No Registration. Assuming the accuracy of the
Investor’s representations and warranties in Article III, no registration under the Securities Act is required for the issuance of the Shares and (if applicable) the Additional Shares. 

2.11    Investment Company. The Company is not required to be registered as, and immediately following the Closing
and (if applicable) each Additional Closing will not be required to register as, an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE INVESTOR. 

The Investor hereby represents and warrants to the Company that the following representations are true and correct as of the date hereof, as
of the Closing and (if applicable) as of each Additional Closing (except to the extent any such representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct as of such
earlier date). 
 3.1    Authorization. The Investor has all requisite power and authority to enter into this
Agreement and this Agreement constitutes its valid and legally binding obligations, enforceable in accordance with its terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general
application affecting enforcement of creditors’ rights generally, and (b) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 

3.2    Purchase Entirely for Own Account. This Agreement is made with the Investor in reliance upon the
Investor’s representations to the Company, which by the Investor’s execution of this Agreement the Investor hereby confirms, that the Shares and (if applicable) the Additional Shares acquired by the Investor hereunder will be acquired for
investment for the Investor’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Investor has no present intention of selling, granting any participation in, or otherwise
distributing the same, except as permitted by applicable federal or state securities laws. By executing this Agreement, the Investor further represents that the Investor does not have any contract, undertaking, agreement or arrangement with any
person to sell, transfer or grant participation rights to such person or to any third person, with respect to any of the Shares and (if applicable) the Additional Shares. 

3.3    No Solicitation. Neither the Investor nor any of its officers, directors, employees, agents, stockholders,
partners or affiliates has been directly or indirectly solicited through any public advertising or general solicitation (including by means of the Registration Statement (as defined below) or prospectus contained therein) and did not learn of and
become interested in the Transactions by means of the Registration Statement or prospectus contained therein. The Investor hereby further confirms that it or an affiliate of the Investor had a substantive
pre-existing relationship with the Company prior to the commencement of any discussion in connection with 

  
 5 

 
the Transactions. Neither the Investor, nor any of its officers, directors, employees, agents, stockholders or partners has either directly or indirectly, including, through a broker or finder
(a) engaged in any general solicitation, or (b) published any advertisement in connection with the offer and sale of the Shares or the Additional Shares. 

3.4    Access to Information. The Investor has received or has had access to all the information it considers
necessary or appropriate to make an informed investment decision with respect to the Shares and the Additional Shares to be purchased by the Investor under this Agreement. The Investor further has had an opportunity to ask questions and receive
answers from the Company regarding the terms and conditions of the offering of the Shares and the Additional Shares. 

3.5    Investment Experience. The Investor understands that the purchase of the Shares and (if applicable) the
Additional Shares involves substantial risk. The Investor has experience as an investor in securities of companies in the development stage and acknowledges that the Investor is able to fend for itself, can bear the economic risk of the
Investor’s investment in the Shares and (if applicable) the Additional Shares, including a complete loss of the investment, and has such knowledge and experience in financial or business matters that the Investor is capable of evaluating the
merits and risks of this investment in the Shares and the Additional Shares and protecting its own interests in connection with this investment. The Investor represents that the office in which its investment decision was made is located at the
address set forth in Section 6.8. 
 3.6    Accredited Investor. The Investor
understands the term “accredited investor” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act and is an “accredited investor” for the purposes of acquiring the Shares and (if applicable) the
Additional Shares to be purchased by the Investor under this Agreement. 
 3.7    Restricted Securities. The
Investor understands that the Shares and (if applicable) the Additional Shares are characterized as “restricted securities” under the Securities Act inasmuch as they are being acquired from the Company in a transaction not involving a
public offering and that under the Securities Act and applicable regulations thereunder such securities may be resold without registration under the Securities Act only in certain limited circumstances. The Investor represents that the Investor is
familiar with Rule 144 of the Securities Act, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act. The Investor understands that the Company is under no obligation to register any of the
securities sold hereunder. 
 3.8    Legends. The Investor understands that the book-entry account evidencing the
Shares and (if applicable) the Additional Shares may bear one or all of the following legends (or substantially similar legends): 
 THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF APPLICABLE STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND
RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR 

  
 6 

 
EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. 

THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO A LOCK-UP AGREEMENT EXECUTED BY THE ORIGINAL HOLDER
OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. AS A RESULT OF SUCH AGREEMENT, THESE SHARES MAY NOT BE TRADED FOR A PERIOD OF TIME AFTER THE DATE OF THE UNDERWRITING AGREEMENT EXECUTED IN CONNECTION WITH THE
INITIAL PUBLIC OFFERING OF THE COMMON STOCK OF THE ISSUER HEREOF. SUCH RESTRICTION IS BINDING ON TRANSFEREES OF THESE SHARES. 

3.9    No Brokers. There are no claims or obligations for brokerage commissions, finders’ fees or similar
compensation in connection with the Transactions based on any agreement made by or on behalf of Investor or any of its affiliates for which the Company or any of its subsidiaries or affiliates shall be liable. 

ARTICLE IV 

CONDITIONS TO THE INVESTOR’S OBLIGATIONS AT CLOSING OR ADDITIONAL CLOSING. 

The obligations of the Investor to consummate the Closing or any Additional Closing (as applicable) are subject to the fulfillment or waiver,
on or by the Closing or the Additional Closing (as applicable), of each of the following conditions, which waiver may be given by written communication to the Company: 

4.1    Representations and Warranties. Each of the representations and warranties of the Company contained in
Article II (a) that are not qualified as to materiality or material adverse effect shall be true and accurate in all material respects on and as of the Closing or the Additional Closing (as applicable) with the same force and effect as
if they had been made at the Closing or the Additional Closing (as applicable), except for those representations and warranties that address matters only as of a particular date (which shall remain true and correct as of such particular date), and
(b) that are qualified as to materiality or material adverse effect shall be true and accurate in all respects on and as of the Closing or the Additional Closing (as applicable) with the same force and effect as if they had been made at the
Closing or the Additional Closing (as applicable), except for those representations and warranties that address matters only as of a particular date (which shall remain true and correct as of such particular date). 

4.2    Performance. The Company shall have performed and complied in all material respects with all agreements,
obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing or the Additional Closing (as applicable) and shall have obtained all approvals, consents and qualifications
necessary to complete the purchase and sale described herein. 

  
 7 

 4.3    IPO. The Registration Statement on Form S-1 (File Number: 333-262167) initially confidentially submitted to the SEC on November 12, 2021 (as may be subsequently amended from time to time, the
“Registration Statement”) shall have been declared effective by the SEC. No stop order or suspension of trading shall have been imposed by the SEC or any other governmental authority with respect to the public trading of the Common
Stock. The Rev LLC Merger shall have been made effective pursuant to the Rev LLC Merger Agreement and the Certificate of Merger filed with the Secretary of State of the State of Delaware. The Underwriters shall have purchased, concurrently with the
purchase of the Shares by the Investor hereunder, the Firm Shares (as defined in the Underwriting Agreement) at the IPO Price (less any underwriting discounts or commissions). 

4.4    Registration Rights Agreement. The Registration Rights Agreement, in the form attached hereto as Exhibit
B, shall have been executed and delivered by the Company. 
 4.6    Qualifications. All authorizations,
approvals, waiting period expirations or terminations, or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required in connection with the lawful issuance and sale of the Shares or the
Additional Shares (as applicable) pursuant to this Agreement shall be duly obtained and effective as of the Closing. 

4.7    Absence of Injunctions and Decrees. During the period from the Effective Date to immediately prior to the
Closing or the Additional Closing (as applicable), no governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any decision, injunction, decree, ruling, law or order enjoining or otherwise
prohibiting or making illegal the consummation of the Transactions contemplated at the Closing or the Additional Closing (as applicable). 

ARTICLE V 

CONDITIONS TO THE COMPANY’S OBLIGATIONS AT CLOSING. 

The obligations of the Company to the Investor to consummate the Closing or the Additional Closing (as applicable) are subject to the
fulfillment, on or by the Closing or the Additional Closing (as applicable), of each of the following conditions, which waiver may be given by written communication to the Investor: 

5.1    Representations and Warranties. The representations and warranties of the Investor contained in Article
III shall be true and accurate in all material respects on and as of the Closing or the Additional Closing (as applicable) with the same force and effect as if they had been made at the Closing or the Additional Closing (as applicable). 

5.2    Performance. The Investor shall have performed and complied in all material respects with all agreements,
obligations and conditions contained in this Agreement that are required to be performed or complied with by the Investor on or before the Closing or the Additional Closing (as applicable) and shall have obtained all approvals, consents and
qualifications necessary to complete the purchase and sale described herein. 
 5.3    IPO. The Registration
Statement shall have been declared effective by the SEC. The Rev LLC Merger shall have been made effective pursuant to the Rev LLC Merger Agreement and the Certificate of Merger filed with the Secretary of State of the State of Delaware. The
Underwriters shall have purchased the Firm Shares at the IPO Price (less any underwriting discounts or commissions). 

  
 8 

 5.4    IPO Lockup. The Investor shall have signed a lockup
agreement in the form previously agreed upon by the Investor and the Underwriters. The Shares and (if applicable) the Additional Shares shall be subject to the terms of the lockup agreement. 

5.5    Absence of Injunctions and Decrees. During the period from the Effective Date to immediately prior to the
Closing or the Additional Closing (as applicable), no governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any decision, injunction, decree, ruling, law or order enjoining or otherwise
prohibiting or making illegal the consummation of the Transactions contemplated at the Closing or the Additional Closing (as applicable). 

ARTICLE VI 

MISCELLANEOUS. 

6.1    Public Announcements. No press release or other public announcement, public statement, or public
communication will be made or caused to be made concerning the specified terms of this Agreement or the Transactions, except for (a) the Company’s disclosure in the Registration Statement, (b) as may be required by law, or (c) as
agreed by the parties. 
 6.2    Survival of Representations and Warranties. The representations and warranties
of the Company and the Investor contained in or made pursuant to this Agreement shall survive the execution and delivery of this Agreement and the Closing and any Additional Closing (as applicable), and shall in no way be affected by any
investigation of the subject matter thereof made by or on behalf of the Investor or the Company. 
 6.3    Governing
Law and Enforcement. THIS AGREEMENT WILL BE GOVERNED, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO ANY CONFLICTS OF LAWS PRINCIPLES THAT COULD REQUIRE APPLICATION OF THE LAWS OF ANY OTHER STATE.

 6.4    Specific Performance. Each party hereto acknowledges that the remedies at law for a breach or
threatened breach of this Agreement would be inadequate and, in recognition of this fact, any party hereto, without posting any bond, and in addition to all other remedies that may be available, will be entitled to equitable relief in the form of
specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available. Each party hereto further (a) waives any defense that a remedy at law would be adequate in any
action or legal proceeding for an injunction, specific performance and other equitable relief hereunder and (b) agrees that it will not oppose the granting of an injunction, specific performance and other equitable relief, on the terms and
subject to the conditions and limitations set forth herein, on the basis that the other party hereto has an adequate remedy at law or equity or an award of specific performance is not an appropriate remedy for any reason at law or in equity.
Notwithstanding any provision in this Agreement to the contrary, if a party elects to terminate this Agreement pursuant to this Article VI, such terminating party shall not be entitled to seek or obtain specific performance or any other
equitable relief under this Agreement (including pursuant to this Section 6.4) to cause the Closing or any Additional Closing (as applicable) to occur. 

  
 9 

 6.5    Delivery by Electronic Mail. This Agreement and any signed
agreement entered into in connection herewith or contemplated hereby, and any amendments hereto or thereto, to the extent signed and delivered by means of scanned pages via electronic mail, will be treated in all manner and respect as an original
contract and will be considered to have the same binding legal effects as if it were the original signed version thereof delivered in person. At the request of any party hereto, the other party hereto will
re-execute original forms thereof and deliver them to the other party hereto. No party hereto will raise the use of electronic mail to deliver a signature or the fact that any signature or contract was
transmitted or communicated through the use of electronic mail as a defense to the formation of a contract and each such party forever waives any such defense. This Agreement is not binding unless and until signature pages are executed and delivered
by each party hereto. 
 6.6    Counterparts. This Agreement may be executed in one or more counterparts via
original or any electronic means (including .pdf format and DocuSign), each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. 

6.7    Captions; Interpretation. In this Agreement, (a) the meaning of defined terms shall be equally
applicable to both the singular and plural forms of the terms defined, (b) the captions and headings are used only for convenience and are not to be considered in construing or interpreting this Agreement and (c) the words
“including,” “includes” and “include” shall be deemed to be followed by the words “without limitation.” All references in this Agreement to sections, paragraphs, exhibits and schedules shall, unless otherwise
provided, refer to sections and paragraphs hereof and exhibits and schedules attached hereto, all of which exhibits and schedules are incorporated herein by this reference. The captions contained in this Agreement are for convenience and reference
only and in no way define, describe, extend, or limit the scope or intent of this Agreement or in the intent of any provisions contained herein. 

6.8    Notices. All notices, consents, waivers, and other communications under this Agreement must be in writing
and will be deemed to have been duly given when (a) delivered by hand (with written confirmation of receipt), (b) sent by registered or certified mail, return receipt requested, (c) sent by electronic mail (with receipt thereof confirmed
by electronic mail by the applicable recipient(s)), (d) received by the addressee, if sent by a nationally recognized overnight delivery service (receipt requested), or (e) expressly acknowledged by the recipient, in each case to the
appropriate addresses or email addresses set forth below (or to such other addresses or email addresses as a party hereto may designate by notice to the other party hereto). 

If to the Company, to: 
 REV
Renewables, Inc. 
 575 Fifth Avenue, Suite 2501 

New York, New York 10017 
 E-mail: legalnotices@revrenewables.com 

  
 10 

 with copies (which will not constitute notice) to: 

Vinson & Elkins L.L.P. 

1001 Fannin St, Suite 2500 

Houston, TX 77002 
 Attention:
Ramey Layne, Jessica Lewis 
 Email: rlayne@velaw.com, jlewis@velaw.com 

If to the Investor, to: 
 1980
Post Oak Blvd Suite 2000 
 Houston, TX 77056 

Attention: [●] 
 Email:
[●] 
 with copies (which will not constitute notice) to: 

O’Melveny & Myers LLP 

Foreign Legal Consultant Office 

23F Meritz Tower, 382 Gangnam-daero 

Gangnam-gu, Seoul 06232 Korea 

Attention: Daniel S. Kim 
 Email:
dkim@omm.com 
 6.9    Waiver of Trial by Jury. Each party hereto hereby waives, to the fullest extent
permitted by any federal, state, local or foreign order, writ, injunction, judgment, settlement, award, decree, statute, law, rule or regulation (“Law”), any right to trial by jury of any claim, demand, action, or cause of action
(a) arising under this Agreement or (b) in any way connected with or related or incidental to the dealings of the parties hereto in respect of this Agreement or any of the Transactions, in each case whether now existing or hereafter
arising, and whether in contract, tort, equity, or otherwise. Each party hereto hereby agrees and consents that any such claim, demand, action or cause of action will be decided by court trial without a jury, and that the parties hereto may file a
copy of this Agreement with any court as written evidence of the consent of such parties to the waiver of their right to trial by jury. 

6.10    Amendments. Any term of this Agreement may be amended only with the written consent of the Company and the
Investor. 
 6.11    Waiver and Remedies Cumulative. Any party hereto may (a) extend the time for the
performance of any of the obligations or other acts of any other party hereto, (b) waive any inaccuracies in the representations and warranties of the other party hereto contained herein or in any document delivered by such other party pursuant
hereto, or (c) waive compliance with any of the agreements of the other party hereto or conditions to such party’s obligations contained herein. Any such extension or waiver will be valid only if set forth in an instrument in writing
signed by the party hereto to be bound thereby. No failure or delay of any party hereto to exercise any right or remedy given such party under this Agreement or otherwise available to such party or to insist upon strict compliance by any other party
hereto with its obligations hereunder, and no custom or 

  
 11 

 
practice of the parties hereto in variance with the terms hereof, will constitute a waiver of any right of a party hereto to demand exact compliance with the terms hereof, unless such waiver is
set forth in writing and executed by such party. Notwithstanding anything in this Agreement to the contrary, no party shall be liable for special, punitive, exemplary, incidental, consequential or indirect damages, lost profits, lost opportunity or
losses calculated by reference to any multiple of earnings before interest, tax, depreciation or amortization, whether based on contract, tort, strict liability, other Law or otherwise and whether or not arising from the other party’s sole,
joint or concurrent negligence, strict liability or other fault for any matter relating to this Agreement or the Transactions. The rights and remedies of the parties hereto provided herein are cumulative and not exclusive, and the exercise by any
party hereto of any right or remedy does not preclude the exercise of any other rights or remedies that may now or subsequently be available at Law or in any other agreement between the parties hereto, or otherwise. 

6.12    Severability. If any provision of this Agreement, or the application of any provision hereof to any party
hereto or circumstance, is held to be illegal, invalid or unenforceable, such provision or the application of such provision, as the case may be, will be fully severable, and the application of the remainder of such provision to such party or
circumstance, the application of such provision to other party hereto or circumstances, and the remainder of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid, or unenforceable provision or
application of such provision, as the case may be, or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid, or unenforceable provision or application of such provision, there will be added automatically as a part of
this Agreement a provision as similar in its terms to such illegal, invalid, or unenforceable provision as may be possible and be legal, valid, and enforceable. 

6.13    Entire Agreement and Modification. This Agreement and all other agreements referenced herein or entered
into concurrently herewith supersede all prior communications, understandings, and agreements (written or oral) among the parties hereto with respect to its subject matter and constitute a complete and exclusive statement of the terms of the
agreement among the parties hereto with respect to its subject matter. This Agreement may not be amended except in a writing executed by each of the parties hereto. 

6.14    Assignment and No Third Party Rights. The rights and obligations of a party hereto under this Agreement may
not be assigned without the prior written consent of the other party hereto. Subject to the foregoing, this Agreement will apply to, be binding in all respects upon and inure to the benefit of, the successors and permitted assigns of the parties
hereto. Nothing expressed or referred to herein will be construed to give any Person other than the parties hereto and their successors and permitted assigns, any legal or equitable right, remedy, or claim under or with respect to this Agreement or
any provision of this Agreement. This Agreement and all of its provisions and conditions are for the sole and exclusive benefit of the parties hereto and their successors and permitted assigns. No director, officer, employee, incorporator, manager,
member, partner, stockholder, shareholder, affiliate, parent of, or holder of any equity interest in, any tier, agent, attorney or representative of either party (each, a “Non-Party
Affiliate”) shall have any Liability (whether in contract or in tort, in Law or in equity, or based upon any theory that seeks to impose Liability of an entity party against its owners or affiliates, whether by or through attempted piercing
of the corporate, limited partnership or limited liability company veil or any other theory or doctrine, including alter ego or otherwise) to the other party, its affiliates or its 

  
 12 

 
Representatives for any obligations or liabilities arising under, in connection with or related to this Agreement or for any claim based on, in respect of, or by reason of (i) this
Agreement, (ii) the negotiation or execution of or performance of any obligation under this Agreement, or (iii) any breach or violation of this Agreement; and, each party hereby waives and releases all such liabilities, claims and
obligations against any such Non-Party Affiliates. Non-Party Affiliates are expressly intended as third-party beneficiaries of this
Section 6.14. The provisions of this Section 6.14 shall survive the consummation of the Transactions.  

6.15    Transaction Expenses. Each party hereto will bear its own costs incurred in connection with the
negotiation, drafting, and execution of this Agreement and the consummation of the Transactions, including the fees and expenses of such party’s legal counsel and other consultants and advisors. 

6.16    Further Assurances. The parties agree to execute such further documents and instruments and to take such
further actions as may be reasonably necessary to carry out the purposes and intent of this Agreement. Each party hereto will, at its own cost and expense, at any time and from time to time, upon reasonable request, use its commercially reasonable
efforts to (a) do, execute, acknowledge, and deliver, and cause to be done, executed, acknowledged and delivered, all such further acts, transfers, assignments and documents as may be required to consummate the Transactions contemplated hereby
and (b) take such other actions as may be reasonably required in order to carry out the intent of the this Agreement; provided that in no event will any party hereto be required to take any action which, in the opinion of its counsel, is
unlawful or would or could constitute a violation of any Law or require any additional approval of any Governmental Entity. 

6.17    Termination. This Agreement shall automatically terminate upon the earliest to occur, if any, of:
(a) either the Company, on the one hand, or the Underwriters, on the other hand, advising the other in writing, prior to the execution of the Underwriting Agreement, that they have determined not to proceed with the IPO, (b) termination of
the Underwriting Agreement (other than the provisions thereof which survive termination) prior to the sale of any of the Common Stock to the Underwriters in the IPO, (c) the Registration Statement is withdrawn, or (d) the written consent
of each of the Company and the Investor. 
 [Signature page follows.] 

  
 13 

 The parties hereto have executed this Agreement of the date first written above. 

 

			
	COMPANY:
	
	REV Renewables, Inc.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	INVESTOR:
	
	Grid Solutions II LLC

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 Signature Page to Common Stock Purchase AgreementEX-10.10

 Exhibit 10.10 

EMPLOYMENT AGREEMENT 

This Employment Agreement (this “Agreement”), dated as of March 21, 2022 (the “Effective Date”), is
entered into by and between REV Renewables, LLC, a Delaware limited liability company (the “Company”), REV Renewables Ops, LLC, a Delaware limited liability company (“Rev Ops”), and Edward Sondey
(“Executive”). With effect immediately upon the consummation of the Merger (as defined below) REV Renewables, LLC, a Delaware limited liability company will cause New PubCo (as defined below) to become a party to this Agreement and
the “Company” for all purposes of this Agreement upon and following the consummation of the Merger shall include New PubCo. Executive, the Company and Rev Ops are each referred to herein as a “Party” and collectively as
the “Parties.” 
 Background 

Executive is employed as the Chief Executive Officer of the Company and its subsidiary Rev Ops, pursuant to the terms of that certain letter
agreement, dated July 1, 2021, by and between Rev Ops (as the assignee of LS Power Development, LLC) and Executive (the “Offer Letter”). 

Immediately prior to the completion of the anticipated initial public offering (the “IPO”) of Rev Renewables, Inc., a Delaware
corporation (“New PubCo”), pursuant to that certain Agreement and Plan of Merger between the Company, New PubCo and Rev Merger Sub, LLC (“Merger Sub”), a Delaware limited liability company and wholly-owned
subsidiary of New PubCo, in addition to the other transactions contemplated thereby, the Company is expected to merge with and into Merger Sub, with Merger Sub surviving the merger as a wholly owned subsidiary of New PubCo (such transaction, the
“Merger”). 
 As of the Effective Date, Executive shall be an employee of Rev Ops pursuant to the terms and conditions of
this Agreement, and shall serve as the Chief Executive Officer of the Company in accordance with the terms and conditions of this Agreement. 

Agreement 
 1. Employment Period.
Executive’s employment hereunder shall be for a term commencing on the Effective Date and ending on the date Executive’s employment hereunder is terminated pursuant to Section 3. The period that Executive is
employed hereunder is referred to as the “Employment Period.” 
 2. Terms of Employment. 

(a) Position and Duties. 

(i) During the Employment Period, Rev Ops shall employ Executive, and Executive shall serve as Chief Executive Officer of the
Company. Executive shall perform such duties as are usual and customary for such positions and such other duties as the Board of Directors of the Company (the “Board”) shall from time to time reasonably assign to Executive in each
case without additional compensation. Executive shall report directly to the Board. The Company and its direct and indirect subsidiaries are referred to herein as the “Company Group.” 

 (ii) During the Employment Period and so long as (A) Executive is
actively serving in the capacity as Chief Executive Officer in good standing and (B) LS Power Development, LLC, together with its affiliates, owns directly or indirectly in excess of fifty percent (50%) of the common stock of the Company or its
successor, the Company will cause the Board to nominate Executive to serve as a member of the Board. 
 (iii)
Executive’s principal place of employment will be the Company’s offices located in New York, New York; provided, however, Executive acknowledges that Executive shall travel as required by Executive’s duties in his role as Chief
Executive Officer or as a director of the Company. 
 (iv) During the Employment Period, Executive agrees to devote all of
his business time, energy, skill and best efforts to the performance of his duties, responsibilities and functions for any member of the Company Group to the best of Executive’s abilities in a diligent, trustworthy, legal, professional and
efficient manner and shall comply in all material respects with all Company Group policies and procedures in effect from time to time. Notwithstanding the foregoing, during the Employment Period it shall not be a violation of this Agreement for
Executive to manage his personal investments, so long as such activities do not interfere with the performance of Executive’s responsibilities to the Company or any other member of the Company Group or otherwise violate any obligation that
Executive has to any member of the Company Group including pursuant to the Company’s insider trading policy as in effect from time to time. With the Board’s prior written consent, and subject to any terms and conditions imposed by the
Board in connection with such consent, Executive may serve on corporate, civic or charitable boards or committees consistent with the Company’s conflicts of interests policies and corporate governance guidelines as in effect from time to time.

 (v) Executive agrees that he will not take personal advantage of any business opportunity that arises during his
employment by any member of the Company Group and that could be of benefit to any member of the Company Group. In accordance with the Company’s policies and procedures in effect from time to time, Executive shall submit to the Board all
business, commercial and investment opportunities, and all offers presented to Executive or of which Executive becomes aware at any time during the Employment Period, which relate to the business of the Company Group as it is conducted during the
Employment Period (“Corporate Opportunities”). Unless approved by the Board, Executive shall not accept or pursue, directly or indirectly, any Corporate Opportunities on Executive’s own behalf. 

(vi) During the Employment Period and thereafter, Executive shall reasonably cooperate with any member of the Company Group in
and with respect to any internal investigation, any administrative, regulatory, governmental, or judicial investigation, audit, or proceeding or any dispute with a third party as reasonably requested by the Company (including, but not limited to
Executive being available to the Company for interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all pertinent
information and turning over to the Company all relevant documents which are or may come into Executive’s possession, custody or control). 

 (vii) In entering into this Agreement, Executive expressly represents that
he is not the subject of, or a party to, any non-competition or non-solicitation agreement, or any other agreement, obligation, restriction or understanding that would
prohibit Executive from executing this Agreement or fully performing each of Executive’s duties and responsibilities hereunder, or would in any manner, directly or indirectly, limit or affect any of the duties and responsibilities that may now
or in the future be assigned to Executive hereunder. 
 (b) Compensation. 

(i) Base Salary. During the Employment Period, Executive shall receive a base salary (the “Base
Salary”) at the annualized rate of $750,000. The Base Salary shall be paid in accordance with the payroll practices of Rev Ops as then in effect (which currently provide for semi-monthly payment), but no less frequently than monthly. During
the Employment Period, the Base Salary shall be reviewed, and subject to Section 3(c) hereof may be adjusted, at least annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The term
“Base Salary” as utilized in this Agreement shall refer to the Base Salary as may be so adjusted. 
 (ii) Annual
Bonus. In addition to the Base Salary, Executive shall be eligible, subject to the approval of the Compensation Committee or the Board, to participate in the Company’s annual incentive program and earn, for each calendar year ending during
the Employment Period, a discretionary annual cash performance bonus (an “Annual Bonus”) with a target award equal to 75% of Base Salary. Executive acknowledges that any Annual Bonus is subject to the approval of the Board or
Compensation Committee in its sole discretion. The performance goals and payout opportunities applicable to such Annual Bonus, if any, for the relevant year (the “Bonus Year”) shall be determined by the Board or the Compensation
Committee annually, in its sole discretion, but are currently expected to (A) be formulaic, utilizing financial metrics and established goals, with a focus on a few key outcomes (2-4 metrics) at
threshold, target and maximum levels of performance; and (B) provide an opportunity to earn 50% of the target award for threshold goal achievement ranging to 200% of the target award for maximum goal achievement. The Annual Bonus, if any,
payable in respect of any Bonus Year, is subject to Executive’s continuous employment through the date on which the Annual Bonus is paid. 

(iii) Equity Awards. 

(A) Annual Equity Awards. In addition to the Base Salary and Annual Bonus, Executive shall be eligible to be granted,
for each calendar year ending during the Employment Period, an annual equity award (the “Annual Equity Award”) under the Rev Renewables, Inc. 2022 Long Term Incentive Plan as amended from time to time (together with any successor
equity incentive plans adopted by the Company or New PubCo, the “Equity Plan”). The Annual Equity Award for calendar year 2022 shall have a target aggregate grant date fair value, as determined by the Board or the Compensation
Committee as of the applicable date of grant, of $1,400,000 and will be granted within sixty (60) days following the time when shares of the New PubCo or one of its affiliates become listed on a public

 
securities exchange (whether through an initial public offering, special purpose acquisition company transaction, or otherwise) (a “Public Listing”). The form of each Annual
Equity Award, if any, and the terms and conditions (including vesting) applicable to each Annual Equity Award, shall be determined by the Board or the Compensation Committee annually, in its sole discretion, and may include one or more of the
following: stock options, stock appreciation rights, restricted stock awards or units, vested stock awards, dividend equivalents, other stock- or cash-based awards, cash awards and/or substitute awards. Each Annual Equity Award shall be subject in
all respects to, and governed by, the terms and conditions set forth in the Equity Plan (if applicable) and the applicable award agreement governing each such award. Executive acknowledges that any Annual Equity Award is subject to the approval of
the Board or Compensation Committee in its sole discretion. Subject to the approval of the Board or the Compensation Committee, it is currently expected that with respect to the Annual Equity Award for calendar year 2022 (1) payout opportunities for
any performance-based restricted stock units granted will range from 50% of target for threshold performance achievement to 200% of target for maximum performance achievement, (2) awards will be settled in shares, (3) any performance-based
restricted stock units granted would contain a three-year performance period, and (4) any time-based restricted stock units or stock options granted would have a ratable three-year vesting period. 

(B) IPO Equity Award. Upon consummation of a Public Listing and subject to the approval of the Compensation Committee or
the Board in its sole discretion, the Executive may be granted an equity award with an aggregate grant date fair value equal to 20% of the “Company pool amount” (the “IPO Award”). The Company pool amount, if approved,
shall have a minimum amount of $20,000,000. The Company will cause any IPO Award to be subject to the terms of an award agreement between Executive and New PubCo and, subject to the approval of the Compensation Committee or the Board, (x) will
be granted in the form of restricted stock units covering a number of shares determined by dividing the aggregate grant date fair value of the IPO Award determined pursuant to this paragraph by the price per share of New PubCo’s common stock
offered to the public at the time of the Public Listing and as determined by the Pricing Committee of the Board, (y) will vest ratably over a three year period and (z) will have a vesting commencement date of January 1, 2022;
provided the Public Listing occurs during calendar year 2022. 
 (C) If the New PubCo does not achieve a Public
Listing on or before June 30, 2022, the Company shall structure comparable long term incentive awards for 2022 as private long term incentives, such as a private phantom stock structure or some other approximate equivalent, that will include
the full calendar year 2022. Future long term incentives for 2023 and beyond shall continue to be structured as comparable private long term incentives until the New PubCo achieves a Public Listing. Each comparable long term incentive award shall be
subject in all respects to, and governed by, the terms and conditions set forth in the applicable award agreement governing each such award. 

 (iv) Benefits. During the Employment Period, Executive shall be
eligible to participate in substantially the same benefit plans, practices, policies and programs generally made available to senior executives of the Company, subject to the terms and conditions of the applicable plans, practices, policies and
programs in effect from time to time. Neither the Company nor Rev Ops nor any other member of the Company Group shall, however, by reason of this Section 2(b)(iv), be obligated to institute, maintain, or refrain from
changing, amending, or discontinuing, any such plan, practice, policy or program, so long as such changes are similarly applicable to similarly situated executives of the Company generally. 

(v) Business Expenses. 

(A) During the Employment Period, subject to Section 10(d), Executive shall be entitled to receive
reimbursement for (i) all reasonable business expenses actually incurred by Executive in the performance of Executive’s duties under this Agreement and (ii) the Attorney’s Fees (as defined below), provided, in each case,
Executive timely submits all documentation for such expenses or the Attorney’s Fees, as required by the applicable policy of the relevant member of the Company Group in effect from time to time. Any such reimbursement of expenses or the
Attorney’s Fees shall be made by the relevant member of the Company Group upon or as soon as practicable following receipt of such documentation (but in any event not later than the close of Executive’s taxable year following the taxable
year in which the expense is incurred by Executive). In no event shall any reimbursement be made to Executive for any expenses incurred after the Date of Termination. 

(B) The Company will reimburse Executive for an amount up to $20,000 attributable to the reasonable attorney’s fees
incurred by him in connection with the negotiation and documentation of this Agreement and any related agreements (the “Attorney’s Fees”). 

(C) The Parties acknowledge that, in connection with or shortly following the IPO, the Board expects to approve a Company
travel policy that would permit the Company’s Chief Executive Officer to be reimbursed for (a) Business Class airfare for commercial scheduled flights of approximately 3 hours or longer and flights to and from (i) St. Louis,
(ii) Houston, and (iii) San Francisco/San Jose and (b) first class Acela train fare for travel to and from Boston and Washington, DC. 

(vi) Vacation. During the Employment Period, Executive shall be entitled to paid vacation time each calendar year (pro-rated for any partial year of service) in accordance with the plans, policies, programs and practices of the Company applicable to similarly situated executives, and as in effect from time to time. 

3. Termination of Employment. Executive’s employment hereunder may end pursuant to any of the circumstances described in this
Section 3. 

 (a) Death or Disability. Executive’s employment hereunder shall automatically
(and without any further action by any person or entity) terminate upon Executive’s death and shall terminate upon notice from the Company due to Executive’s Disability. For purposes of this Agreement, “Disability” shall
exist if the Board determines that Executive is unable to perform the essential functions of Executive’s position (after accounting for reasonable accommodation, if applicable and required by applicable law), due to physical or mental
impairment or other incapacity that continues, or can reasonably be expected to continue, for a period in excess of 90 consecutive days or 180 days, whether or not consecutive, in any 12-month period. 

(b) Cause. The Company may terminate Executive’s employment hereunder upon notice to Executive for Cause or without Cause. For
purposes of this Agreement, “Cause” shall mean with respect to Executive one or more of the following: 

(i) the conviction, indictment, or plea of nolo contendere to, a felony or a crime involving moral turpitude; 

(ii) the commission of any act or omission involving dishonesty, disloyalty or fraud, including with respect to the Company or
any of its affiliates or any of their customers or suppliers; 
 (iii) any conduct causing the Company or any of its
affiliates substantial public disgrace or disrepute or substantial economic harm; 
 (iv) the failure to perform
Executive’s material duties as reasonably and lawfully directed by the Board; 
 (v) any act or omission aiding or
abetting a competitor of the Company or any of its affiliates, whether or not resulting in a disadvantage or detriment to the Company or its affiliates; 

(vi) breach of any fiduciary duty, or an act of gross negligence or willful misconduct, with respect the Company or any of its
affiliates; 
 (vii) a failure to observe a material written Company policy or material written Company rules, policies, or
codes of conduct applicable to Executive, including applicable anti-harassment, anti-discrimination, anti-abuse and drug- and alcohol-free workplace policies; or 

(viii) any other material breach of this Agreement. 

(c) Good Reason. Executive’s employment may be terminated by Executive for Good Reason or by Executive without Good Reason. For
purposes of this Agreement, “Good Reason” shall mean if Executive resigns from employment (and, as a result, is no longer employed by any member of the Company Group) within thirty days following the conclusion of the Cure Period
(as defined below) and as a result of the occurrence of any one or more of the following events without Executive’s prior consent: 

 (i) the Company reduces the amount of the targeted annual total cash
compensation other than as part of a reduction that is proportionate in all material respects in the targeted annual total cash compensation of the Company’s executive team as a whole (for the avoidance of doubt, any performance-based reduction
shall not be a Good Reason); 
 (ii) the Company materially diminishes Executive’s duties and responsibilities or
demotes Executive; 
 (iii) following the Public Listing, the Compensation Committee does not approve Executive’s
(A) IPO Award or (B) Annual Equity Award in respect of the 2022 calendar year with a grant date fair value equal to no less than the target amount described in Section 2(b)(iii)(A) above; or 

(iv) the Company requires Executive to work from a location that is more than 75 miles from New York, New York. 

In the case of clauses (i), (ii), (iii) and (iv), written notice of Good Reason must be delivered by Executive to the Company within 30 days after the initial
occurrence of any such event in order for Executive’s resignation with Good Reason to be effective hereunder, and the Company must have failed to cure such event, to the extent curable, within 60 days following receipt of such notice (such 60
day period, the “Cure Period”). 
 (d) Notice of Termination. Any termination other than due to death shall be
communicated by Notice of Termination from one Party to the other Party given in accordance with Section 10(c) below. For purposes of this Agreement, a “Notice of Termination” means a written notice which
indicates the specific termination provision in this Agreement relied upon. 
 (e) Date of Termination. “Date of
Termination” means the date on which Executive’s employment terminates. 
  

	4.	 Obligations of the Company Upon Termination. 

(a) Without Cause or for Good Reason. If the Employment Period ends due to the Company’s termination of Executive’s
employment without Cause (and not due to death or Disability), or due to Executive’s resignation for Good Reason (and, as a result of such ending of the Employment Period, Executive is no longer employed by any member of the Company Group)
(such termination a “Qualifying Termination”), then Executive shall be paid or shall receive: 
 (i) if such
Qualifying Termination does not occur within the 6-month period following the date of the consummation of a Change in Control (as defined below), (A) an amount equal to 0.5 times the Base Salary in effect on
the Date of Termination, which amount shall be paid in substantially equal installments for the 6-month period following the Date of Termination, plus (B) any unpaid Annual Bonus payable to Executive
pursuant to Section 2(b)(ii) above for any Bonus Year preceding the year in which the Date of Termination occurs, payable based on actual performance at such times as the Annual Bonus is paid to similarly situated employees
of the Company (but in any event prior to March 15th of the year following the Bonus Year) (such bonus, the “Prior Year Bonus”), and (C) all unvested equity-based awards
granted under the Equity Plan held by Executive 

 
as of immediately prior to the Date of Termination shall remain outstanding, notwithstanding Executive’s termination of employment, and shall be eligible to continue to vest in accordance
with the terms and conditions provided in the applicable award agreements governing such awards for the 12-month period immediately following the Date of Termination and will be settled in accordance with the
original payment schedule applicable to such awards; provided, however, with respect to any severance payments made in installments pursuant to this Section 4(a)(i), the first installment of such severance pay shall
be made on the Company’s first payroll date that is on or after the date that is sixty (60) days after the Date of Termination, and such payment shall include (without interest) the number of such installments that would have been paid
between the Date of Termination and such first payment date had such installments been paid on the Company’s regular payroll dates during such period; 

(ii) if such Qualifying Termination does occur within the 6-month period following the
date of the consummation of a Change in Control (as defined below), (A) an amount equal to 2.00 times the Base Salary in effect on the Date of Termination, which amount shall be paid in substantially equal installments for the 24-month period following the Date of Termination, plus (B) the Prior Year Bonus, if unpaid, and (C) all unvested equity-based awards granted under the Equity Plan held by Executive as of immediately prior
to the Date of Termination shall remain outstanding, notwithstanding Executive’s termination of employment, and shall be eligible to continue to vest in accordance with the terms and conditions provided in the applicable award agreements
governing such awards for the remainder of the vesting period applicable to each such award and will be settled in accordance with the original payment schedule applicable to such awards (the continued vesting determined pursuant to this
Section 4(a)(ii) or Section 4(a)(i), as applicable, the “Ongoing Vesting”); provided, however, with respect to any severance payments made in installments pursuant to this
Section 4(a)(ii), the first installment of such severance pay shall be made on the Company’s first payroll date that is on or after the date that is sixty (60) days after the Date of Termination, and such payment
shall include (without interest) the number of such installments that would have been paid between the Date of Termination and such first payment date had such installments been paid on the Company’s regular payroll dates during such period;
and 
 (iii) the following, to the extent applicable: (A) Executive’s earned but unpaid Base Salary through the
Date of Termination, (B) payment for accrued but unused vacation time existing as of the Date of Termination, to the extent required by the terms of the Company’s written vacation policy in effect from time to time, and (C) any vested
amounts due to Executive under any plan, program or policy of the Company, to the extent not previously paid (if any) (collectively, the “Accrued Obligations”), which shall be paid or provided, in each case, in the time periods
required by applicable law. 
 For purposes of this Agreement, “Change in Control” has the meaning given to such term in the Equity Plan.

 (b) Without Good Reason. If the Employment Period ends due to Executive’s
resignation without Good Reason (and as a result of such ending of the Employment Period, Executive is no longer employed by any member of the Company Group), then Executive shall be paid or shall receive: 

(i) an amount equal to 1.00 times the Base Salary in effect on the Date of Termination, which Severance Amount shall be paid in
substantially equal installments for the 12 month period following the Date of Termination (the amount determined pursuant to Section 4(a)(i), Section 4(a)(ii) or this
Section 4(b)(i), as applicable, the “Severance Amount”); provided, however, with respect to any severance payments made in installments pursuant to this Section 4(b)(i), the
first installment of such severance pay shall be made on the Company’s first payroll date that is on or after the date that is sixty (60) days after the Date of Termination, and such payment shall include (without interest) the number of
such installments that would have been paid between the Date of Termination and such first payment date had such installments been paid on the Company’s regular payroll dates during such period; and 

(ii) the Accrued Obligations. 

(c) Death(d) , Disability or With Cause. If Executive’s employment is terminated by reason of Executive’s death,
Executive’s Disability or is terminated by the Company with Cause, Executive, or to the extent applicable, Executive’s estate or legal beneficiaries, shall only be paid the Accrued Obligations when due under applicable law and the Company
shall have no severance obligations to Executive under this Agreement. 
 (e) Release and Continuing Obligations. Notwithstanding
anything herein to the contrary, it shall be a condition to Executive’s right to receive and retain the Severance Amount and the Ongoing Vesting that Executive: (i) comply with the terms of Sections 6, 7 and 8
hereunder, and all other post-employment obligations set forth herein, and (ii) execute and deliver to the Company within 21 days (or 45 days, if so designated by the Company) after receipt from the Company, and not revoke in any time provided
by the Company to do so, a release of claims in a form reasonably acceptable to the Company (the “Release”), which Release shall not (A) impose additional non-competition or non-solicitation covenants on Executive (provided, however, Executive shall remain subject to all non-competition and non-solicitation
covenants as agreed to in writing by Executive prior to the time of termination) or (B) require Executive to release any rights Executive may have at the time of termination to: (i) any future indemnification rights, (ii) amounts owed
(if any) under Section 4(a) or Section 4(b), as applicable, of this Agreement, (iii) any vested and accrued rights to benefits under the Company’s tax qualified retirement plans, or (iv) subject to the terms of the Equity
Plan, the applicable award agreements or the Company’s clawback policy then in effect, any vested equity-based incentive awards. 
 5. Certain
Excise Taxes. Notwithstanding anything to the contrary in this Agreement, if Executive is a “disqualified individual” (as defined in Section 280G(c) of the Internal Revenue Code of 1986, as amended (the “Code”)),
and the payments and benefits provided for in this Agreement, together with any other payments and benefits which Executive has the right to receive from the Company or any of its respective affiliates, would constitute a “parachute
payment” (as defined in Section 280G(b)(2) of the Code), then the payments and benefits provided for in this Agreement shall be either (a) reduced (but not below zero) so that the present value of such total amounts and benefits
received by Executive from the Company or any of their respective affiliates 

 
shall be one dollar ($1.00) less than three times Executive’s “base amount” (as defined in Section 280G(b)(3) of the Code) and so that no portion of such amounts and benefits
received by Executive shall be subject to the excise tax imposed by Section 4999 of the Code or (b) paid in full, whichever produces the better net after-tax position to Executive (taking into
account any applicable excise tax under Section 4999 of the Code and any other applicable taxes). The reduction of payments and benefits hereunder, if applicable, shall be made by reducing, first, payments or benefits to be paid in cash
hereunder in the order in which such payment or benefit would be paid or provided (beginning with such payment or benefit that would be made last in time and continuing, to the extent necessary, through to such payment or benefit that would be made
first in time) and, then, reducing any benefit to be provided in-kind hereunder in a similar order. The determination as to whether any such reduction in the amount of the payments and benefits provided
hereunder is necessary shall be made by the Company in good faith. If a reduced payment or benefit is made or provided and through error or otherwise that payment or benefit, when aggregated with other payments and benefits from the Company or any
of its respective affiliates used in determining if a “parachute payment” exists, exceeds one dollar ($1.00) less than three times Executive’s base amount, then Executive shall immediately repay such excess to the Company upon
notification that an overpayment has been made. Nothing in this Section 5 shall require the Company or any of its affiliates to be responsible for, or have any liability or obligation with respect to, Executive’s
excise tax liabilities under Section 4999 of the Code or for any penalties imposed in connection with any failure to comply with Section 4999 of the Code. 

6. Confidentiality; Return of Materials. 

(a) In the course of, and prior to, Executive’s employment hereunder, Executive has been and will be, provided, and Executive has had,
and will have, access to, Confidential Information (as defined below). Both during the Employment Period and thereafter, except as expressly permitted by this Agreement or by directive of the Board, Executive shall not disclose any Confidential
Information to any person or entity and shall not use any Confidential Information for Executive’s own (or any other person’s) purposes, except for the benefit of the Company Group. The covenants of this
Section 6(a) shall apply to all Confidential Information, whether now known or later to become known to Executive during the period that Executive is employed by or affiliated with the Company or any other member of the
Company Group. 
 (b) Notwithstanding any provision of Section 6(a) to the contrary, Executive may make the
following disclosures and uses of Confidential Information: 
 (i) disclosures to other employees of a member of the Company
Group who have a need to know the information in connection with the businesses of the Company Group; 
 (ii) disclosures to
customers and suppliers when, in the reasonable and good faith belief of Executive, such disclosure is in connection with the performance of his duties under this Agreement, is itself subject to appropriate confidentiality restrictions and is in the
best interests of the Company Group; or 
 (iii) disclosures to a person or entity that has (x) been retained by a
member of the Company Group to provide services to one or more members of the Company Group, and (y) agreed in writing to abide by the terms of a confidentiality agreement in a form acceptable to the Company, as evidenced by approval of the
Company’s general counsel or chief legal officer. 
  

 (c) Upon the expiration of the Employment Period, and at any other time upon request of the
Company, Executive shall promptly surrender and deliver to the Company all documents (including electronically stored information) and all copies thereof and all other materials of any nature containing or pertaining to all Confidential Information
and any other Company Group property (including any Company Group-issued computer, mobile device or other equipment) in Executive’s possession, custody or control and he shall not retain any such documents or other materials or property of the
Company Group. Within five (5) days of any such request, Executive shall certify to the Company in writing that all such documents, materials and property have been returned to the Company. All trade secrets,
non-public information, competitively valuable information, designs, ideas, concepts, improvements, product developments, discoveries and inventions, whether copyrightable works or not, whether patentable or
not, observations and data, that are conceived, made, developed or acquired by or disclosed to Executive, individually or in conjunction with others, during the period that Executive is or has been employed or engaged by the Company or any other
member of the Company Group or their respective affiliates (whether during business hours or otherwise and whether on the Company’s premises or otherwise) that relate to any member of the Company Group’s or any of their respective
affiliates’ businesses or properties, products or services (including all such information relating to corporate opportunities, operations, future plans, methods of doing business, business plans, strategies for developing business and market
share, research, financial and sales data, pricing terms, evaluations, opinions, interpretations, acquisition prospects, the identity of customers or acquisition targets or their requirements, the identity of investors, key contacts within
customers’ organizations or within the organization of acquisition prospects, or marketing and merchandising techniques, prospective names and marks) is defined as “Confidential Information.” Moreover, all documents,
videotapes, written presentations, brochures, drawings, memoranda, notes, records, files, correspondence, manuals, models, specifications, computer programs, e-mail, voice mail, electronic databases, maps,
drawings, architectural renditions, models and all other writings or materials of any type including or embodying any of such information, ideas, concepts, improvements, discoveries, inventions, innovations, developments, methods, designs, analyses,
drawings, reports, patent applications and copyrightable work and other similar forms of expression are and shall be the sole and exclusive property of the Company or the other applicable member of the Company Group or its respective affiliates and
be subject to the same restrictions on disclosure applicable to all Confidential Information pursuant to this Agreement. For purposes of this Agreement, Confidential Information shall not include any information that is or becomes generally
available to the public other than as a result of a disclosure or wrongful act of or through Executive or any of his agents. 
 (d)
Notwithstanding the foregoing, nothing in this Agreement shall prohibit or restrict Executive from lawfully: (i) initiating communications directly with, cooperating with, providing information to, causing information to be provided to, or
otherwise assisting in an investigation by, any governmental authority regarding a possible violation of any law; (ii) responding to any inquiry or legal process directed to Executive from any such governmental authority (including the U.S.
Securities and Exchange Commission); (iii) testifying, participating or otherwise assisting in any action or proceeding by any such governmental authority relating to 

 
a possible violation of law; or (iv) making any other disclosures that are protected under the whistleblower provisions of any applicable law. Additionally, pursuant to the federal Defend
Trade Secrets Act of 2016, an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (A) is made (1) in confidence to a federal, state or local
government official, either directly or indirectly, or to an attorney and (2) solely for the purpose of reporting or investigating a suspected violation of law; (B) is made to the individual’s attorney in relation to a lawsuit for
retaliation against the individual for reporting a suspected violation of law; or (C) is made in a complaint or other document filed in a lawsuit or proceeding, if such filing is made under seal. Nothing in this Agreement requires Executive to
obtain prior authorization before engaging in any conduct described in this paragraph, or to notify the Company that he has engaged in any such conduct. 

7. Non-Competition; Non-Solicitation;
Non-Disparagement. 
 (a) The Company shall provide Executive access to Confidential Information
for use only during the period of Executive’s employment with the Company or another member of the Company Group, and Executive acknowledges and agrees that the Company Group will be entrusting Executive, in Executive’s unique and special
capacity, with developing the goodwill of the Company Group, and as an express incentive for the Company to enter into this Agreement and for Executive to be employed hereunder, Executive has voluntarily agreed to the covenants set forth in this
Section 7. Executive agrees and acknowledges that the limitations and restrictions set forth herein, including geographical and temporal restrictions on certain competitive activities, are reasonable in all respects, do not
interfere with public interests, will not cause Executive undue hardship, and are material and substantial parts of this Agreement intended and necessary to prevent unfair competition and to protect the Company Group’s Confidential Information,
goodwill and legitimate business interests. 
 (b) While employed by the Company or any other member of the Company Group (whether pursuant
to this Agreement or otherwise) and continuing for the Post-Separation Period (as defined below), Executive agrees that Executive shall not, directly or indirectly: 

(i) Be employed or engaged by, or otherwise provide services to, any Competitor in the Market Area, which prohibition shall
prevent Executive from directly or indirectly: owning, managing, operating, or being an officer or director of, or being employed or engaged by, any Competitor; 

(ii) Solicit, induce, or encourage, any member of the Company Group’s employees, consultants, business customers, or
partners, to: (A) cease or lessen their employment, engagement, or relationship with any member of the Company Group; or (B) alter their relationship with any member of the Company Group in a manner adverse to the Company Group; or 

(iii) Hire any employee, consultant, business customer, or partner of any member of the Company Group. 

 For purposes of this Agreement, “Competitor” means any person, business or other entity
(including a business, division or business unit of a business, whether or not incorporated, and any natural person), the primary business of which is developing, owning or investing in (or sponsoring investment vehicles that have one of their
investment objectives either developing, owning or investing in) power generation, transmission or distribution assets or other similar power assets located in the United States (the “Business”); provided, however a position
with an investment bank shall not be presumed to be a Competitor. 
 For purposes of this Agreement, “Market Area” means: (A) the
United States; and (B) any other geographic area (including such area within an applicable power market) where the Company or any other member of the Company Group does material business or has material plans to conduct material business, and
for which Executive has material responsibility, during the final 24 months of the period that Executive is employed by any member of the Company Group (or during the period of Executive’s employment with any member of the Company Group if
Executive is employed by the Company or other members of the Company Group for less than 24 months). 
 For purposes of this Agreement,
“Post-Separation Period” means (A) with respect to the terms of Section 7(b)(i) above: (i) six months following the date that Executive is no longer employed by any member of the Company Group, in
the event such employment ends due to Executive’s resignation with Good Reason or a termination by the Company (or another member of the Company Group, as applicable) without Cause or (ii) 12 months following the date that Executive is no
longer employed by any member of the Company Group, in the event such employment ends due to Executive’s resignation without Good Reason or a termination by the Company (or another member of the Company Group, as applicable) for Cause; and
(B) with respect to the terms of Sections 7(b)(ii) and 7(b)(iii) above, 24 months following the date that Executive is no longer employed by any member of the Company Group. 

(c) Both during the Employment Period and thereafter, Executive agrees not to disparage any member of the Company Group or any of such
entities’ respective affiliates, officers, directors, employees, shareholders and/or agents in any manner intended or reasonably likely to be harmful to them, their business, business reputation or personal reputation. The Company shall
instruct its directors and officers not to, disparage Executive in any manner intended or reasonably likely to be harmful to him, his business reputation or personal reputation. Nothing in this Agreement shall preclude Executive, the Company or any
member of the Company Group from making disclosures permitted by Section 6(d) above, including making truthful statements or disclosures, that are required by applicable law, regulation or legal process, or from filing a
charge with, reporting possible violations to, or participating or cooperating with the Securities and Exchange Commission or any other federal, state or local regulatory body or law enforcement agency, including in relation to any whistleblower,
anti-discrimination or anti-retaliation provisions of federal, state or local law or regulation. Nothing in this Agreement shall preclude any member of the Company Group from making truthful statements or disclosures in compliance with any
provisions of federal, state or local law or regulation, including those promulgated by the Securities and Exchange Commission. 
 (d)
Executive acknowledges and agrees that Executive’s services are unique, Executive will be associated with developing (and be materially associated with) the goodwill of the Company, and Executive has and will have access to Confidential
Information and Company Intellectual Property. Accordingly, the Parties hereto agree that the Company and its subsidiaries would suffer irreparable harm from a breach of Sections 6 and 7 by Executive and that money damages would not be
an adequate remedy for any such breach of this Agreement. In recognition 

 
of the facts that irreparable injury will result to the Company Group in the event of a breach by Executive of his obligations under this Section 7, that monetary damages for such
breach would not be readily calculable and that the Company and other members of the Company Group would not have an adequate remedy at law therefor, Executive acknowledges, consents and agrees that in the event of such breach, or the threat
thereof, the Company and each other member of the Company Group shall be entitled, in addition to any other legal and equitable remedies and damages available, to specific performance thereof and to temporary and permanent injunctive relief (without
the necessity of posting a bond) to restrain the violation or threatened violation of such obligations by Executive. 
 (e) Executive
further acknowledges and agrees (i) that due to the proprietary nature of the Company’s and its subsidiaries’ business and Executive’s executive role, the restrictions set forth in this Agreement are reasonable in all respects,
including as to time and scope, and are necessary to ensure the preservation, protection and continuity of the business, trade secrets and goodwill of the Company and the other members of the Company Group and (ii) that Executive has reviewed
the provisions of this Agreement with Executive’s legal counsel, and Executive enters into this Section 7 knowingly and voluntarily with full understanding of its terms. Executive further acknowledges and agrees that
the Company Group’s business may be conducted throughout the Market Area, and Executive’s knowledge of Confidential Information and association with the Company Group’s goodwill would result in Executive being able to materially harm
the Company, and the Company Group, if he competes anywhere in the Market Area in violation of this Section 7. Executive further acknowledges and agrees that he would inevitably violate Section 6
if he were to violate this Section 7, and that Executive’s compliance with this Section 7 would not cause Executive undue hardship and would be consistent with public interests.
Notwithstanding the foregoing, if, at the time of enforcement of Section 6 or Section 7 of this Agreement, a court or Arbitrator holds that the restrictions stated herein are unreasonable under
circumstances then existing or otherwise unenforceable for any reason, the Parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and
that the court or Arbitrator shall be allowed to revise, and hereby is requested to revise, the restrictions contained herein to cover the maximum period, scope and area permitted by law. 

8. Ownership of Intellectual Property. 

(a) Executive agrees that the Company, or another member of the Company Group shall own, and Executive hereby assigns, all right, title and
interest (including patent rights, copyrights, trade secret rights, mask work rights, trademark rights, and all other intellectual and industrial property rights of any sort throughout the world) relating to any and all inventions (whether or not
patentable), discoveries, developments, improvements, innovations, works of authorship, mask works, designs, know-how, ideas, formulae, processes, techniques, data and information authored, created,
contributed to, made or conceived or reduced to practice, in whole or in part, by Executive during the period in which Executive is or has been employed by or affiliated with the Company or any other member of the Company Group, whether or not
registerable under U.S. law or the laws of other jurisdictions, that either (a) relate, at the time of conception, reduction to practice, creation, derivation or development, to any member of the Company Group’s businesses or actual or
anticipated research or development, or (b) were developed on any amount of the Company’s or any other member of the Company Group’s time 

 
or with the use of any member of the Company Group’s equipment, supplies, facilities or Confidential Information (all of the foregoing collectively referred to herein as “Company
Intellectual Property”), and Executive shall promptly disclose all Company Intellectual Property to the Company in writing. To support Executive’s disclosure obligation herein, Executive shall keep and maintain adequate and current
written records of all Company Intellectual Property made by Executive (solely or jointly with others) during the period in which Executive is or has been employed by or affiliated with the Company or any other member of the Company Group in such
form as may be specified from time to time by the Company. These records shall be available to, and remain the sole property of, the Company at all times. 

(b) All of Executive’s works of authorship and associated copyrights created during the period in which Executive is employed by or
affiliated with the Company or any other member of the Company Group and in the scope of Executive’s employment or engagement shall be deemed to be “works made for hire” within the meaning of the Copyright Act. To the extent any
right, title and interest in and to Company Intellectual Property cannot be assigned by Executive to the Company, Executive shall grant, and does hereby grant, to the Company Group an exclusive, perpetual, royalty-free, transferable, irrevocable,
worldwide license (with rights to sublicense through multiple tiers of sublicensees) to make, have made, use, sell, offer for sale, import, export, reproduce, practice and otherwise commercialize such rights, title and interest. 

(c) Executive recognizes that this Agreement will not be deemed to require assignment of any invention or intellectual property that Executive
developed entirely on Executive’s own time without using the equipment, supplies, facilities, trade secrets, or Confidential Information of any member of the Company Group. In addition, this Agreement does not apply to any invention that
qualifies fully for protection from assignment to the Company under any specifically applicable state law or regulation. 
 (d) To the
extent allowed by law, this Section applies to all rights that may be known as or referred to as “moral rights,” “artist’s rights,” “droit moral,” or the like, including without limitation those rights set forth in
17 U.S.C. §106A (collectively, “Moral Rights”). To the extent Executive retains any Moral Rights under applicable law, Executive hereby ratifies and consents to any action that may be taken with respect to such Moral Rights by
or authorized by the Company or any member of the Company Group, and Executive hereby waives and agrees not to assert any Moral Rights with respect to such Moral Rights. Executive shall confirm any such ratifications, consents, waivers, and
agreements from time to time as requested by the Company. 
 (e) All inventions (whether or not patentable), original works of authorship,
designs, know-how, mask works, ideas, trademarks or names, information, developments, improvements, and trade secrets of which Executive is the sole or joint author, creator, contributor, or inventor that were
made or developed by Executive prior to Executive’s employment with or affiliation with the Company or any other member of the Company Group, or in which Executive asserts any intellectual property right, and which are applicable to or relate
in any way to the business, products, services, or demonstrably anticipated research and development or business of any member of the Company Group (“Prior Inventions”) are listed on Exhibit A, and Executive represents that
Exhibit A is a complete list of all such Prior Inventions. If no such list is attached, Executive hereby represents and warrants that there are no Prior Inventions, and Executive shall make no claim of any rights to any Prior Inventions. If, in
the course of Executive’s employment 

 
with or affiliation with the Company or any other member of the Company Group, Executive uses in connection with or otherwise incorporates into the product, process, or device of any member of
the Company Group a Prior Invention, the Company Group is hereby granted and will have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, use, import, export, offer for sale, sell and otherwise
commercialize such Prior Invention as part of or in connection with (i) such product, process, or device of any member of the Company Group and (ii) the conduct of the business of the Company Group. 

(f) Executive shall perform, during and after the period in which Executive is or has been employed by or affiliated with the Company or any
other member of the Company Group, all acts deemed necessary or desirable by the Company to permit and assist each member of the Company Group, at the Company’s expense, in obtaining and enforcing the full benefits, enjoyment, rights and title
throughout the world in the Company Intellectual Property and Confidential Information assigned, to be assigned, or licensed to the Company under this Agreement. Such acts may include execution of documents and assistance or cooperation (i) in
the filing, prosecution, registration, and memorialization of assignment of any applicable patents, copyrights, mask work, or other applications, (ii) in the enforcement of any applicable patents, copyrights, mask work, moral rights, trade
secrets, or other proprietary rights, and (iii) in other legal proceedings related to the Company Intellectual Property or Confidential Information. 

(g) In the event that the Company (or, as applicable, a member of the Company Group) is unable for any reason to secure Executive’s
signature to any document required to file, prosecute, register, or memorialize the assignment of any patent, copyright, mask work or other applications or to enforce any patent, copyright, mask work, moral right, trade secret or other proprietary
right under any Confidential Information or Company Intellectual Property (including derivative works, improvements, renewals, extensions, continuations, divisionals, continuations in part, continuing patent applications, reissues, and
reexaminations of such Company Intellectual Property), Executive hereby irrevocably designates and appoints the Company and each of the Company’s duly authorized officers and agents as Executive’s agents and
attorneys-in-fact to act for and on Executive’s behalf and instead of Executive (i) to execute, file, prosecute, register and memorialize the assignment of any
such application, (ii) to execute and file any documentation required for such enforcement, and (iii) to do all other lawfully permitted acts to further the filing, prosecution, registration, memorialization of assignment, issuance, and
enforcement of patents, copyrights, mask works, moral rights, trade secrets or other rights under the Confidential Information or Company Intellectual Property, all with the same legal force and effect as if executed by Executive. 

(h) In the event that Executive enters into, on behalf of any member of the Company Group, any contracts or agreements relating to any
Confidential Information or Company Intellectual Property, Executive shall assign such contracts or agreements to the Company (or the applicable member of the Company Group) promptly, and in any event, prior to Executive’s termination. If the
Company (or the applicable member of the Company Group) is unable for any reason to secure Executive’s signature to any document required to assign said contracts or agreements, or if Executive does not assign said contracts or agreements to
the Company (or the applicable member of the Company Group) prior to Executive’s termination, Executive hereby irrevocably designates and appoints the Company (or the applicable member of the Company Group) and each of the Company’s duly
authorized officers and agents as Executive’s agents and attorneys-in-fact to act for and on Executive’s behalf and instead of Executive to execute said
assignments and to do all other lawfully permitted acts to further the execution of said documents. 

 (i) The Company and Executive acknowledge that Executive has provided services to the
Company or another member of the Company Group prior to the Effective Date. Accordingly, if and to the extent that, prior to the Effective Date: (a) Executive conceived, made, developed, acquired or received access to any information from or on
behalf of the Company or any other member of the Company Group that would have been Confidential Information if conceived, made, developed, acquired or received after the Effective Date; or (b) Executive conceived, created, authored, invented,
developed, or reduced to practice any item, including any intellectual property rights with respect thereto, that would have been Company Intellectual Property if conceived, created, authored, invented, developed, or reduced to practice after the
Effective Date, then such information will be deemed Confidential Information under this Agreement and any such item will be deemed Company Intellectual Property under this Agreement, and this Agreement will apply to such information or item as if
conceived, created, authored, invented, developed, or reduced to practice following the Effective Date. 
 9. Successors and Third-Party
Beneficiaries. 
 (a) This Agreement is personal to Executive and without the prior written consent of the Company shall not be
assignable by Executive. 
 (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.
In addition, each member of the Company Group that is not a signatory hereto shall be entitled to enforce Sections 6, 7 and 8 above as if a Party hereto. 

10. Miscellaneous. 
 (a) Governing
Law; Submission to Jurisdiction. This Agreement shall in all respects be construed according to the laws of the State of New York without regard to its conflict of laws principles that would result in the application of the laws of another
jurisdiction. With respect to any claim or dispute related to or arising under this Agreement, the Parties hereby consent to the arbitration provisions of Section 10(b) and recognize and agree that should any resort to a
court be necessary and permitted under this Agreement, then they consent to the exclusive jurisdiction, forum and venue of the state and federal courts (as applicable) located in New York County, New York. The Parties acknowledge and agree that they
have voluntarily chosen the governing law, jurisdiction, forum and venue set forth herein and that such law, jurisdiction, forum, and venue reasonably relates to the subject matter of this Agreement, and the Parties hereby waive any argument of
forum inconveniens with respect to the jurisdiction, forum and venue set forth herein. 
 (b) Arbitration 

(i) Subject to Section 10(b)(ii) and 10(b)(iv), any dispute, controversy or claim between Executive
and any member of the Company Group arising out of or relating to this Agreement or Executive’s employment or engagement with any member of the Company Group will be finally settled by arbitration in New York County, New York in accordance with
the then-existing American Arbitration Association (“AAA”) 

 
Employment Arbitration Rules. The arbitration award shall be final and binding on the Parties. Any arbitration conducted under this Section 10 shall be private
and kept confidential, and shall be heard by a single arbitrator (the “Arbitrator”) selected in accordance with the then-applicable rules of the AAA. The Arbitrator shall expeditiously hear and decide all matters concerning the
dispute. Except as expressly provided to the contrary in this Agreement, the Arbitrator shall have the power to (i) gather such materials, information, testimony and evidence as the Arbitrator deems relevant to the dispute before him or her
(and each Party will provide such materials, information, testimony and evidence requested by the Arbitrator), and (ii) grant injunctive relief and enforce specific performance. All disputes shall be arbitrated on an individual basis, and each
Party hereby foregoes and waives any right to arbitrate any dispute as a class action or collective action or on a consolidated basis or in a representative capacity on behalf of other persons or entities who are claimed to be similarly situated, or
to participate as a class member in such a proceeding. The decision of the Arbitrator shall be reasoned, rendered in writing, be final and binding upon the disputing parties and the Parties agree that judgment upon the award may be entered by any
court of competent jurisdiction. The Parties shall each pay one-half of the AAA costs and one-half of the fees charged by the Arbitrator. Otherwise, each Party shall pay
its respective legal fees and costs associated with such arbitration and associated judgment. . This Section 10(b) shall be subject to the Federal Arbitration Act, 9 U.S.C. § 1 et seq. 

(ii) Notwithstanding Section 10(b)(i), either party may make a timely application for, and obtain,
judicial emergency or temporary injunctive relief to enforce any of the provisions of Sections 6, 7 or 8; provided, however, that the remainder of any such dispute (beyond the application for emergency or temporary
injunctive relief) shall be subject to arbitration under this Section 10(b). 
 (iii) By entering
into this Agreement and entering into the arbitration provisions of this Section 10(b), THE PARTIES EXPRESSLY ACKNOWLEDGE AND AGREE THAT THEY ARE KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVING THEIR RIGHTS TO A JURY
TRIAL. 
 (iv) Nothing in this Section 10(b) shall prohibit a Party to this Agreement
from instituting litigation to enforce any arbitration award. Further, nothing in this Section 10(b) precludes Executive from filing a charge or complaint with a federal, state or other governmental administrative
agency. 
 (v) Notwithstanding anything in this Section 10(b), to the extent that any dispute,
controversy or claim between Executive and the Company or any other member of the Company Group arises out of or relates to the Equity Plan or the applicable award agreements governing the Annual Equity Awards (if any), such dispute, controversy or
claim shall be governed by the applicable dispute resolution terms and conditions set forth in such Equity Plan or award agreement(s), as applicable. 

(c) Notices. All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other Party
or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

 If to Executive: at Executive’s most recent address on the records of the
Company. 
 If to the Company: 

REV Renewables, LLC 

Attn: General Counsel 

575 Fifth Avenue, Suite 2501 

New York, New York 10017 
 or to
such other address as either Party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 

(d) Section 409A. 

(i) The Parties agree that this Agreement is intended to comply with the requirements of Section 409A of the Code and the
regulations promulgated thereunder (“Section 409A”) or an exemption therefrom. 
 (ii)
For purposes of this Agreement, each amount to be paid or benefit to be provided hereunder (including any right to a series of installment payments) shall be construed as a separate identified payment or a right to a series of separate payments for
purposes of Section 409A. 
 (iii) With respect to any reimbursement of expenses of, or any provision of in-kind benefits to, Executive, as specified under this Agreement, such reimbursement of expenses or provision of in-kind benefits shall be subject to the following
conditions: (a) the expenses eligible for reimbursement or the amount of in-kind benefits provided in one taxable year shall not affect the expenses eligible for reimbursement or the amount of in-kind benefits provided in any other taxable year, except for any medical reimbursement arrangement providing for the reimbursement of expenses referred to in Section 105(b) of the Code; (b) the
reimbursement of an eligible expense shall be made no later than the end of the year after the year in which such expense was incurred; and (c) the right to reimbursement or in-kind benefits shall not be
subject to liquidation or exchange for another benefit. 
 (iv) Any payments to be made under this Agreement upon a
termination of Executive’s employment shall only be made if such termination of employment constitutes a “separation from service” under Section 409A. 

(v) Notwithstanding any provision in this Agreement to the contrary, if any payment or benefit provided for herein would be
subject to additional taxes and interest under Section 409A if Executive’s receipt of such payment or benefit is not delayed until the earlier of (a) the date of Executive’s death or (b) the date that is six (6) months
after the Date of Termination (such date, the “Section 409A Payment Date”), then such payment or benefit shall not be provided to Executive (or Executive’s estate, if applicable) until the Section 409A
Payment Date. Notwithstanding the foregoing, the Company does not make any representation that the payments and benefits provided under this Agreement are exempt from, or compliant with, Section 409A and in no event shall the Company or any of
its respective affiliates be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Executive on account of non-compliance with Section 409A. 

 (e) Severability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement. If any provision or term hereof is deemed to have exceeded applicable legal authority or shall be in conflict with applicable legal limitations, such
provision shall be reformed and rewritten as necessary to achieve consistency with such applicable law. 
 (f) Withholding. The
Company may withhold and deduct from any amounts payable under this Agreement (i) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (ii) any deductions consented to in
writing by Executive. 
 (g) No Waiver. Executive’s or the Company’s failure to insist upon strict compliance with any
provision of this Agreement or the failure to assert any right Executive or the Company may have hereunder shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

(h) Employment At-Will. Executive acknowledges that his employment with the Company is “at-will” for all purposes and, subject to the termination and severance obligations contained in Sections 3 and 4 above, Executive hereby agrees that the Company (and any
other member of the Company Group that employs Executive) may dismiss him and terminate his employment at any time, with or without Cause. Inclusion under any benefit plan or compensation arrangement will not give Executive any right or claim to any
benefit hereunder except to the extent such right has become fixed under the express terms of this Agreement. 
 (i) Entire Agreement;
Satisfaction of Prior Obligations. This Agreement and, with respect to Section 2(b)(iv), the Equity Plan and the applicable award agreements governing the Annual Equity Awards and IPO Award (if any) contain the entire
agreement of the Parties with respect to the matters covered herein and supersede all prior and contemporaneous agreements and understandings, oral or written, between the Parties hereto concerning the subject matter hereof; provided,
however, this Agreement will complement (and not supersede or replace) any other agreement between Executive, on the one hand, and any member of the Company Group or any of their respective affiliates (including LS Power Development, LLC), on
the other hand, with respect to non-disclosure or protection of confidential information. This Agreement may be amended only by a written instrument executed by both Parties hereto. In entering into this
Agreement, Executive expressly represents, acknowledges and agrees that: (i) Executive has received all benefits, and received all salary, wages, and other compensation, and been paid all sums, owed to Executive by each member of the Company
Group and each of their respective affiliates for all services performed through the Effective Date; and (ii) the Offer Letter has been terminated and is no longer in force or effect, and Executive has received all sums, rights, and other
entitlements to which he has ever been (and ever could be) entitled pursuant to the Offer Letter, and all obligations of the Company Group and each member of the Company Group’s respective affiliates pursuant to the Offer Letter have been fully
and forever satisfied. 

 (j) Survival11. . Section 4 (Obligations of the Company
Upon Termination), Section 6 (Confidentiality; Return of Materials), Section 7 (Non-Competition; Non-Solicitation; Non-Disparagement), Section 8 (Ownership of Intellectual Property), Section 9 (Successors and Third-Party Beneficiaries) and Section 10
(Miscellaneous) of this Agreement shall survive termination or expiration of the Employment Period and shall continue in effect following such time. 

(k) Representations and Warranties. Executive represents and warrants to the Company that (i) this Agreement is valid and binding
upon and enforceable against him in accordance with its terms, (ii) Executive is not bound by or subject to any contractual or other obligation that would be violated by his execution or performance of this Agreement, including, but not limited
to, any non-competition agreement or other agreement or obligation with any third party or prior employer and (iii) Executive is not subject to any pending or, to Executive’s knowledge, threatened
claim, action, judgment, order or investigation that could adversely affect his ability to perform his obligations under this Agreement or the business reputation of the Company. Executive has not entered into, and agrees that he will not enter
into, any agreement either written or oral in conflict herewith. In performing his duties hereunder, Executive will not use or disclose any trade secrets or legally protected information belonging to any prior employer or any entity that is not a
member of the Company Group. The Company acknowledges that Executive is currently a member of each of LS Power Partners II, LP; LS Power Partners III, LP; LS Power Partners IV, LP; and LS Power Capital, LP (collectively, the
“Partnerships”). The Company acknowledges that Executive currently holds equity interests in the Partnerships and is expected to continue to hold equity interests in the Partnerships, subject to the terms and conditions of those
interests, as may be amended from time to time. The Company acknowledges that Executive shall not be deemed to be in violation of Section 7(b)(i) hereof merely by virtue of Executive’s ownership of equity interests in the Partnerships.

 (l) Consultation with Counsel. Executive acknowledges that he has had a full and complete opportunity to consult with counsel and
other advisors of his own choosing concerning the terms, enforceability and implications of this Agreement, and that the Company has not made any representations or warranties to Executive concerning the terms, enforceability or implications of this
Agreement other than as reflected in the four corners of this Agreement. 
 (m) Counterparts. This Agreement may be executed
simultaneously in two or more counterparts, each of which shall be deemed an original but which together shall constitute one and the same instrument. 

(n) Deemed Resignations. Except as otherwise determined by the Board prior to the termination of Executive’s employment with the
Company or any member of the Company Group, any termination of Executive’s employment shall constitute, as applicable, an automatic resignation of Executive: (i) as an officer of the Company and each member of the Company Group;
(ii) from the Board; and (c) from the board of directors or board of managers (or similar governing body) of any member of the Company Group and from the board of directors or board of managers (or similar governing body) of any
corporation, limited liability entity, unlimited liability entity or other entity in which any member of the Company Group holds an equity interest and with respect to which board of directors or board of managers (or similar governing body)
Executive serves as such Company Group member’s designee or other representative. 

 IN WITNESS WHEREOF, Executive has hereunto set Executive’s hand and, pursuant to the
authorization from the Board, the Company and Rev Ops have caused these presents to be executed in its name on its behalf, all as of the Effective Date. 
  

			
	REV RENEWABLES, LLC
		
	By:	 	 /s/ Kathryn Wilson

	Name:	 	Kathryn Wilson
	Title:	 	Senior Vice President, General Counsel & Corporate Secretary
	
	REV RENEWABLES OPS, LLC
		
	By:	 	 /s/ Kathryn Wilson

	Name:	 	Kathryn Wilson
	Title:	 	Senior Vice President, General Counsel & Corporate Secretary
	
	EDWARD SONDEY
	
	 /s/ Edward Sondey

	Edward Sondey

 EXHIBIT A 

PRIOR INVENTIONS 
 1. The
following is a complete list of all Prior Inventions relevant to the subject matter of Executive’s employment by the Company that have been made or conceived or first reduced to practice by Executive alone or jointly with others prior to
Executive’s employment with or affiliation with the Company or any other member of the Company Group: 
 Check appropriate space(s): 

 

			
	☐	  	None.
		
	☐	  	See below:
		
		  	                                      
                                         
                                         
            
		
		  	                                      
                                         
                                         
            
		
		  	                                      
                                         
                                         
            
		
	☐	  	Due to confidentiality agreements with a prior employer, Executive cannot disclose certain Prior Inventions that would otherwise be included on the above-described list.
		
	☐	  	Additional sheets attached.

 2. Executive proposes to bring to Executive’s employment the following devices, materials, and
documents of a former employer or other person to whom Executive has an obligation of confidentiality that is not generally available to the public, which materials and documents may be used in Executive’s employment pursuant to the express
written authorization of Executive’s former employer or such other person (a copy of which is attached to this Agreement): 
 Check appropriate
space(s): 
  

			
	☐	  	None.
		
	☐	  	See below.
		
		  	                                      
                                         
                                         
            
		
		  	                                      
                                         
                                         
            
		
	☐	  	Additional sheets attached.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}]]