Document:

EX-4.1

 Exhibit 4.1 

GREENBACKER RENEWABLE ENERGY COMPANY LLC 
 FORM OF DISTRIBUTION REINVESTMENT PLAN 
 Greenbacker Renewable Energy
Company LLC, a Delaware limited liability company (the “Company”), has adopted the following Distribution Reinvestment Plan (the “DRP”). Capitalized terms shall have the same meaning as set forth in the Company’s Amended and
Restated Limited Liability Company Operating Agreement, as such agreement may be amended (“Operating Agreement”) unless otherwise defined herein. 
 1. Distribution Reinvestment. As an agent for the members (“Members”) of the Company who purchase shares of the Company’s shares of limited liability company interests (the
“Shares”) pursuant to an offering by the Company (“Offering”), and who elect to participate in the DRP (the “Participants”), the Company will apply all cash distributions, other than Designated Special Distributions (as
defined below), (“Distributions”), including Distributions paid with respect to any full or fractional Shares acquired under the DRP, to the purchase of the Shares for such Participants directly, if permitted under state securities laws
and, if not, through the Dealer Manager or Soliciting Dealers registered in the Participant’s state of residence. The Shares purchased pursuant to the DRP shall be of the same Share class as the Shares with respect to which the Participant is
receiving cash distributions to be reinvested through DRP. As used in the DRP, the term “Designated Special Distributions” shall mean those cash or other distributions designated as Designated Special Distributions by the Board of
Directors. 
 2. Participation. Any Member who owns Shares and who has received a prospectus, as contained in the
Company’s Registration Statement (the “Registration Statement”) filed with the Securities and Exchange Commission (“Commission”), may elect to become a Participant by completing and executing a subscription agreement, an
enrollment form or any other appropriate authorization form as may be available from the Company from time to time. Participation in the DRP will begin with the next Distribution payable after receipt of a Participant’s subscription, enrollment
or authorization, provided such subscription, enrollment or authorization is received at least 15 business days prior to the last day of the calendar month. Shares will be purchased under the DRP on the date that Distributions are paid by the
Company. Each Participant agrees that if, at any time prior to the listing of the Shares on a national securities exchange, he or she does not meet the minimum income and net worth standards established for making an investment in the Company or
cannot make the other representations or warranties set forth in the subscription agreement or other applicable enrollment form, he or she will promptly so notify the Company in writing. 

Participation in the DRP shall continue until such participation is terminated in writing by the Participant pursuant to Section 7
below. 
 3. Share Purchases. Any purchases of Shares pursuant to the DRP will be dependent on the
continued registration of the securities or the availability of an exemption from registration in the Participant’s home state. Each class of Shares under DRP will be initially sold at $9.025 per share until such time as the Company commences
valuations of its assets during the first full quarter following the satisfaction of the minimum offering requirement and, thereafter, at the price equal to the then current offering price per each class of Shares, less the selling commissions and
dealer manager fees associated with that class of Shares in the primary offering. Participants in the DRP may also purchase fractional Shares so that 100% of the Distributions will be used to acquire Shares. However, a Participant will not be able
to acquire Shares pursuant to the DRP to the extent that any such purchase would cause such Participant to violate any provision of the Operating Agreement. Shares issued pursuant to the DRP will have the same voting rights as the Shares offered in
the primary offering. 
 Shares to be distributed by the Company in connection with the DRP may (but are not required to) be
supplied from: (a) the DRP Shares which are being registered pursuant to the Registration Statement in connection with the Initial Public Offering, (b) Shares to be registered with the Commission after the Initial Public Offering for use
in the DRP (a “Future 

 
Registration”), or (c) Shares purchased by the Company for the DRP in a secondary market (if available) or on a securities exchange (if listed) (collectively, the “Secondary
Market”). Shares purchased on the Secondary Market as set forth in (c) above will be purchased at the then-prevailing market price, which price will be utilized for purposes of purchases of Shares in the DRP. Shares acquired by the Company
on the Secondary Market will have a price per share equal to the then-prevailing market price, which shall equal the price on the securities exchange, or over-the-counter market on which such Shares are listed at the date of purchase if such Shares
are then listed. If Shares are not so listed, the Board of Directors will determine the price at which such Shares will be issued under the DRP. 
 If the Company acquires Shares in the Secondary Market for use in the DRP, the Company shall use reasonable efforts to acquire Shares for use in the DRP at the lowest price then reasonably available.
However, the Company does not in any respect guarantee or warrant that the Shares so acquired and purchased by the Participant in the DRP will be at the lowest possible price. Further, irrespective of the Company’s ability to acquire Shares in
the Secondary Market or to complete a Future Registration for Shares to be used in the DRP, the Company is in no way obligated to do either, in its sole discretion. 
 4. Timing of Purchases. The plan administrator will make every reasonable effort to reinvest all Distributions on the day the cash Distribution is paid, except where necessary for the Company to
comply with applicable securities laws. If, for any reason beyond the control of the plan administrator, reinvestment of the Distribution cannot be completed within 30 days after the applicable distribution payment date,
Participants’ funds held by the plan administrator will be distributed to the Participants. 
 5. Taxation of
Distributions. The reinvestment of Distributions does not relieve the Participant of any taxes which may be payable as a result of those Distributions and their reinvestment in Shares pursuant to the terms of the DRP. 

6. Commissions. The Company will not pay any selling commissions or dealer manager fees in connection with Shares sold
pursuant to the DRP. The distribution fee is payable with respect to all Class C Shares, including Class C Shares issued under the DRP, and will result in lower cash Distributions with respect to the Class C Shares than the cash Distributions with
respect to Class A and Class I Shares. The Company will pay the plan administrator’s fees under the DRP. 
 7.
Termination by Participant. A Participant may terminate participation in the DRP at any time by written instructions to that effect to the plan administrator. To be effective on a distribution payment date, the notice of termination must
be received by the plan administrator at least 10 days before that distribution payment date. The plan administrator may also terminate any Participant’s account at any time in its discretion by notice in writing mailed to such
Participant. Prior to a listing of the Shares on a national securities exchange, any transfer of Shares by a Participant to a non-Participant will terminate participation in the DRP with respect to the transferred Shares. Upon termination of DRP
participation, future Distributions, if any, will be distributed to the Member in cash. 
 All correspondence concerning the
plan should be directed to the plan administrator by mail at DST Systems, Inc., P.O. Box 219312, Kansas City, MO 64121-9312. 

8. Amendment or Termination by the Company. The Company reserves the right to amend, suspend or terminate the DRP any time by the
giving of written notice to each Participant at least 10 days prior to the effective date of the amendment, supplement or termination. 
 9. No Share Certificates. The ownership of the Shares purchased through the DRP will be in book-entry form only. 
 10. Reports. The Company shall provide to each Participant a confirmation at least once every calendar quarter showing the number of Shares owned by such Participant at the beginning of the covered
period, the amount of the Distributions paid in the covered period and the number of Shares owned at the end of the covered period. During each fiscal quarter, but in no event later than 30 days after the end of each fiscal quarter, the
Company’s transfer agent will mail and/or make electronically available to each Participant, a statement of account describing, as to such Participant, the distributions received during such quarter, the number of Shares purchased during such
quarter, and the per share purchase price for such Shares. 
 11. Liability of the Company. The Company shall not be
liable for any act done in good faith, or for any good faith omission to act, including, without limitation, any claims or liability: (a) arising out of failure to terminate a Participant’s account upon such Participant’s death prior
to receipt of notice in writing of such death; and (b) with respect to the time and the prices at which Shares are purchased or sold for Participant’s account.EX-10.1

 Exhibit 10.1 
 Greenbacker Renewable Energy Company LLC 
 Up to $1,500,000,000 in Shares

 FORM OF PARTICIPATING BROKER-DEALER AGREEMENT 

            , 2013 

Ladies and Gentlemen: 
 SC
Distributors, LLC, a Delaware limited liability company, as the dealer manager (“Dealer Manager”) for Greenbacker Renewable Energy Company LLC, a Delaware limited liability company (the “Company”), invites you
(“Dealer”) to participate in the distribution of any combination of Class A, Class C and Class I shares of the Company (“Shares”) subject to the following terms. Capitalized terms not otherwise defined herein
shall have the meanings set forth in the Dealer Manager Agreement between the Dealer Manager and the Company, dated [            ], 2013 in the form attached hereto as Exhibit “A”
(the “Dealer Manager Agreement”). 
  

	I.	Dealer Manager Agreement 

By Dealer’s acceptance of this Agreement, Dealer will become one of the “Participating Dealers” referred to in the Dealer
Manager Agreement and will be entitled and subject to the terms and conditions of the Dealer Manager Agreement, including, but not limited to, Section 9.4 of the Dealer Manager Agreement wherein the Dealers severally agree to indemnify, defend
and hold harmless the Company, the Dealer Manager and each of their respective Indemnified Parties and each person who signs the Registration Statement, from and against any losses, claims, expenses, damages or liabilities to which the Company, the
Dealer Manager, or any of their respective Indemnified Parties, or any person who signed the Registration Statement, may become subject, under the Securities Act or otherwise. 
 Dealer hereby agrees to solicit, as an independent contractor and not as the agent of the Dealer Manager or of the Company (or their affiliates), persons acceptable to the Company to purchase the Shares
pursuant to the subscription agreement in the form attached to the Prospectus and in accordance with the terms of the Prospectus and the subscription agreement. Dealer hereby agrees to use its best efforts to sell the Shares for cash on the terms
and conditions stated in the Prospectus. Nothing in this Agreement shall be deemed or construed to make Dealer an employee, agent, representative or partner of the Dealer Manager or the Company, and Dealer is not authorized to act for the Dealer
Manager or the Company or to make any representations on their behalf except as set forth in the Prospectus and such other printed sales literature or other materials furnished to Dealer by the Dealer Manager, provided that the use of such sales
literature and other materials has been approved for use in advance by the Company and all appropriate regulatory agencies (“Supplemental Information”). 

 

	II.	Submission of Orders 

Each person desiring to purchase Shares in the Offering will be required to complete and execute a Subscription Agreement in the form
attached as an appendix to the Prospectus and to deliver to Dealer such completed Subscription Agreement, together with a check in U.S. dollars or by wire transfer of immediately available funds (hereinafter referred to as an “instrument of
payment”) initially in the amount of $10.00 per Class A Share, $9.576 per Class C Share and $9.186 per Class I Share subscribed for in the primary Offering, or such discounted purchase price per Share that may apply based upon the

 
available discounts specified in the Prospectus or at any other price as may be set by the Company following a quarterly valuation of its assets. Each class of DRIP Shares will be initially sold
at $9.025 per share until such time as the Company commences valuations of its assets during the first full quarter following the satisfaction of the Minimum Offering and, thereafter, at the price equal to the current offering price per Share, less
the sales fees associated with that class of shares in the Company’s primary Offering. There shall be a minimum initial purchase in the primary Offering by any one purchaser of $2,000 of Shares (except as otherwise indicated in the
Prospectus, in any letter or memorandum from the Company to the Dealer Manager, or in any Follow-On Prospectus). Minimum subsequent purchases of Shares shall be $500 per transaction. Until such time as the Company has satisfied the Minimum Offering
and released the proceeds from such subscriptions from the Escrow Account (or such greater amount as may be applicable in respect of any greater escrow in respect of subscribers from any state), those persons who purchase Shares will be instructed
by the Dealer to make their checks payable to “UMB Bank, N.A., as escrow agent for Greenbacker Renewable Energy Company LLC.” Thereafter, those persons who purchase Shares will be instructed by the Dealer to make their checks payable to
“Greenbacker Renewable Energy Company LLC” The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer,
in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable to the order of the Escrow Agent or the Company, as the case may be, for the aggregate amount of the subscription proceeds.
Subscription Agreements and instruments of payment not conforming to the foregoing instructions shall be returned directly to such subscriber not later than ten business days of receipt by the Dealer of such materials. Subscription Agreements and
instruments of payment received by the Dealer which conform to the foregoing instructions shall be transmitted pursuant to one of the following methods: 
 (i) where, pursuant to the internal supervisory procedures of the Processing Broker-Dealer, internal supervisory review is conducted at the same location at which Subscription Agreements and instruments
of payment are received from subscribers, then, by noon of the next business day following receipt by the Processing Broker-Dealer, the Processing Broker-Dealer will transmit the Subscription Agreements and instruments of payment to the Escrow Agent
or, after the Minimum Offering has been obtained, to the Company or to such other account or agent as directed by the Company; and 
 (ii) where, pursuant to the internal supervisory procedures of the Processing Broker-Dealer, final internal supervisory review is conducted at a different location (the “Final Review
Office”), Subscription Agreements and instruments of payment will be transmitted by the Processing Broker-Dealer to the Final Review Office by end of business of the next business day following receipt thereof by the Processing
Broker-Dealer. The Final Review Office will in turn by end of business of the next business day following receipt thereof by the Final Review Office, transmit such Subscription Agreements and instruments of payment to the Escrow Agent or, after the
Minimum Offering has been satisfied, to the Company or to such other account or agent as directed by the Company. 

Notwithstanding the foregoing, with respect to any Shares to be purchased by a custodial account, Dealer shall cause the custodian of
such account to deliver a completed Subscription Agreement and instrument of payment for such account directly to the Escrow Agent. Dealer shall furnish to the Escrow Agent with each delivery of instruments of payment a list of the subscribers
showing the name, address, tax identification number, state of residence, amount of Shares subscribed for, and the amount of money paid. 

	III.	Pricing 

 Except as
described in the Prospectus, [                ] Shares (consisting of any combination of Class A, Class C and Class I Shares) shall be offered to the public
initially at the offering price of $10.00 per Class A Share, $9.576 per Class C Share and $9.186 per Class I Share, payable in cash pursuant to the primary Offering, and up to $[        ] Shares
(consisting of any combination of Class A, Class C and Class I Shares) will be offered pursuant to the Company’s distribution reinvestment plan (“DRIP”) at a price initially equal to $9.025 per Unit. Following the first
quarterly valuation of assets during the first full quarter following the satisfaction of the Minimum Offering, (i) the price of the Shares sold pursuant to the DRIP will equal to the current offering price per Share, less the sales fees
associated with that class of shares in the Company’s primary offering and (ii) the respective price of the Shares sold in the primary Offering will be increased or decreased as necessary to insure that the Shares are not sold at a net
price, after deduction of selling commissions, dealer manager fees, organization and offering expenses, that is above or below the Company’s net asset value per Share as of the most recent valuation date. 

 

	IV.	Dealers’ Compensation 

Except for discounts and other special circumstances described in or otherwise provided for in the “Plan of Distribution”
section of the Prospectus or the Dealer Manager Agreement, Dealer’s selling commission applicable to the total public offering price of Shares sold in the primary offering by Dealer that it is authorized to sell hereunder is (1) 7.0% of
the gross proceeds of the Class A Shares and (2) 3.0% of the gross proceeds of the Class C Shares sold by it and accepted and confirmed by the Company, which commissions, in each case, will be paid by the Dealer Manager. For these
purposes, a “sale of Class A Shares or Class C Shares” shall occur if and only if a transaction has closed with a securities purchaser pursuant to all applicable Offering and subscription documents and the Company has thereafter
distributed the commission to the Dealer Manager in connection with such transaction. The Dealer affirms that the Dealer Manager’s liability for commissions payable is limited solely to the proceeds of commissions receivable associated
therewith, and the Dealer hereby waives any and all rights to receive payment of commissions due until such time as the Dealer Manager is in receipt of the commission from the Company. 

In addition, as set forth in the Prospectus, the Dealer Manager may, in its sole discretion, reallow a portion of the Dealer Manager Fee
and all or any portion of the Distribution Fee to Dealer. Such reallowance, if any, shall be determined by the Dealer Manager in its sole discretion. 
 Dealer acknowledges and agrees that no selling commissions or a Dealer Management Fee will be paid in connection with Shares sold under the DRIP; provided, however, that the Distribution Fee is payable
with respect to Class C Shares sold under the DRIP. 
 The Dealer Manager will reimburse Dealer for reasonable bona fide due
diligence expenses incurred by Dealer provided such expenses are provided to Dealer Manager on a detailed and itemized invoice within six months of the date of sale of Shares. 
 Except as otherwise provided herein, all expenses incurred by Dealer in the performance of Dealer’s obligations hereunder, including, but not limited to, expenses related to the Offering and any
attorneys’ fees, shall be at Dealer’s sole cost and expense, and the foregoing shall apply notwithstanding the fact that the Offering is not consummated for any reason. 

Dealer acknowledges and agrees that no commissions, payments or amount whatsoever will be paid to the Dealer unless or until the gross
proceeds of the Shares sold are disbursed to the Company pursuant to the Escrow Agreement. Until the Company has satisfied the Minimum Offering Requirement, investments will be held in escrow and, if the Minimum Offering Requirement is not
satisfied, investments will be returned to the investors in accordance with the Prospectus (or the applicable Follow-On Prospectus). 

 The parties hereby agree that the foregoing selling commissions, Dealer Manager Fees and
Distribution Fees are not in excess of the usual and customary distributors’ or sellers’ commission received in the sale of securities similar to the Shares, that Dealer’s interest in the Offering is limited to such selling
commissions from the Dealer Manager and to Dealer’s indemnity referred to in Section 9.2 of the Dealer Manager Agreement and that the Company is not liable or responsible for the direct payment of any commissions. 

 

	V.	Payment 

 Payments of
selling commissions and any portion of the Dealer Manager Fee or the Distribution Fee will be made by the Dealer Manager to Dealer within 10 days of the receipt by the Dealer Manager of the gross commission payments or the payment of the Dealer
Manager Fee or Distribution Fee from the Company. Dealer acknowledges that if the Company pays selling commissions, the Dealer Manager Fee and the Distribution Fee to the Dealer Manager, the Company is relieved of any obligation for paying selling
commissions and any Dealer Manager Fee or Distribution Fee to Dealer. The Company may rely on and use the preceding acknowledgment as a defense against any claim by Dealer for selling commissions the Company pays to Dealer Manager but that Dealer
Manager fails to remit to Dealer. 
  

	VI.	Covenants of Dealer 

Prior to participating in the Offering, Dealer will have conducted an inquiry such that Dealer has reasonable grounds to believe, based on
information made available to Dealer by the Dealer Manager and/or the Company through the Prospectus, that all material facts are adequately and accurately disclosed in the Prospectus and provide a basis for evaluating an investment in the Company
and the Shares. Dealer agrees not to rely upon the efforts of the Dealer Manager, which is affiliated with the Company, in determining whether the Company has adequately and accurately disclosed all material facts upon which to provide a basis for
evaluating the Company to the extent required by federal or state laws or the Financial Industry Regulatory Authority (“FINRA”). Dealer further agrees to conduct its own investigation to make that determination independent of the
efforts of the Dealer Manager. 
 Dealer agrees to retain in its records and make available to the Dealer Manager and to the
Company for a period of at least six (6) years following the termination of the Offering, or such period of time as may be required by the SEC, any state securities commission, FINRA or the Company, whichever is later, information establishing
that each investor who purchases the Shares solicited by Dealer is within the permitted class of investors under the requirements of the jurisdiction in which such purchaser is a resident and the suitability standards set forth in the Prospectus and
the Subscription Agreement. 
 Dealer agrees that, prior to accepting a subscription for the Shares, it will inform the
prospective investor of all pertinent facts relating to the illiquidity and lack of marketability of the Shares, as appropriate, during the term of the investment but shall not, in any event, make any representation on behalf of the Company except
as set forth in the Prospectus and any Supplemental Information. 
  

	VII.	Compliance with Record Keeping Requirements 

 The Dealer agrees to comply with the record keeping requirements of the Exchange Act, including but not limited to, Rules 17a-3 and 17a-4 promulgated under the Exchange Act. Dealer further agrees to keep
such records with respect to each customer who purchases Shares, the customer’s suitability and the amount of Shares sold, and to retain such records for six (6) years or such longer period of time as may be required by the SEC, any state
securities commission, FINRA or the Company. 

	VIII.	Compliance With Laws 

With respect to the Dealer’s participation in the offer and sale of the Shares (including, without limitation any resales and
transfers of Shares), the Dealer agrees to comply, with all applicable requirements of (i) the Securities Act, the Securities Act Rules and Regulations, the Exchange Act, the Exchange Act Rules and Regulations and all other federal laws, rules
and regulations applicable to the Offering and the sale of the Shares, (ii) all applicable state securities or blue sky laws, rules or regulations, (iii) FINRA Rules applicable to the Offering, specifically including, but not in any way
limited to, Conduct Rules 2310, 2340, 2420, 2730, 2740 and 2750, and (iv) the provisions of Section III.C. of the NASAA Guidelines. Dealer will not offer Shares in any jurisdiction unless Dealer has been advised in writing by the Company that
the Shares are qualified or registered under the applicable laws of such jurisdiction or that such qualification or registration is not required in such jurisdiction and that the Shares may be offered and sold in such jurisdiction. 

Dealer agrees to comply and shall comply with any applicable requirements with respect to its participation in any resales or transfers
of the Shares. In addition, Dealer agrees that should it assist with the resale or transfer of the Shares, it will fully comply with all applicable FINRA rules and any other applicable federal or state laws. 

 

	IX.	Right to Reject Orders or Cancel Sales 

 All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order. Orders not
accompanied by a Subscription Agreement and the required instrument of payment for the Shares may be rejected. Issuance and delivery of the Shares will be made only after actual receipt of payment therefore. If any check is not paid upon
presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Shares within 15 days of sale, the Company reserves the right to cancel the sale
without notice. In the event an order is rejected, canceled or rescinded for any reason, Dealer agrees to return to the Dealer Manager any selling commissions theretofore paid with respect to such order. 

 

	X.	Prospectus and Supplemental Information 

 Dealer is not authorized or permitted to give, and will not give, any information or make any representation concerning the Shares except as set forth in the Prospectus and the Supplemental Information.
The Dealer Manager will supply Dealer with reasonable quantities of the Prospectus, as well as any Supplemental Information, for delivery to investors, and Dealer will deliver a copy of the Prospectus as required by the Securities Act, the Exchange
Act, and the Rules and Regulations. Dealer agrees that it will not send or give any Supplemental Information to an investor unless it has previously sent or given a Prospectus to that investor or has simultaneously sent or given a Prospectus with
such Supplemental Information. Dealer agrees that it will not show or give to any investor or prospective investor or reproduce any material or writing that is supplied to it by the Dealer Manager and marked “broker-dealer use only” or
otherwise bearing a legend denoting that it is not to be used in connection with the offer or sale of Shares to members of the public. Dealer agrees that it will not use in connection with the offer or sale of Shares any material or writing that
relates to another company supplied to it by the Company or the Dealer Manager bearing a legend that states that such material may not be used in connection with the offer or sale of any securities of the Company. Dealer further agrees that it will
not use in connection with the offer or sale of Shares any materials or writings that have not been previously 

 
approved by the Dealer Manager other than the Prospectus and the Supplemental Information. Dealer agrees, if the Dealer Manager so requests, to furnish a copy of any revised preliminary
Prospectus to each person to whom it has furnished a copy of any previous preliminary Prospectus, and further agrees that it will itself mail or otherwise deliver all preliminary and final Prospectuses required for compliance with the provisions of
Rule 15c2-8 under the Exchange Act. Regardless of the termination of this Agreement, Dealer will deliver a Prospectus in transactions with respect to the Shares for a period of 90 days from the effective date of the Registration Statement
or such longer period as may be required by the Exchange Act or the Exchange Act Rules and Regulations thereunder. 
  

	XI.	License and Association Membership 

 Dealer’s acceptance of this Agreement constitutes a representation to the Company and the Dealer Manager that Dealer is a broker-dealer properly registered with the SEC, duly authorized to sell
Shares under federal and state securities laws and regulations and in all states where it offers or sells Shares, and that it is a member in good standing of FINRA. This Agreement shall automatically terminate if Dealer ceases to be a member in good
standing of FINRA. Dealer agrees to notify the Dealer Manager immediately if Dealer ceases to be a member in good standing of FINRA. 
  

	XII.	Anti-Money Laundering Compliance Programs 

 Dealer’s acceptance of this Agreement constitutes a representation to the Company and the Dealer Manager that Dealer has established and implemented an anti-money laundering compliance program
(“AML Program”) in accordance with applicable law, including applicable FINRA Conduct Rules, Exchange Act Regulations and the USA PATRIOT Act, specifically including, but not limited to, Section 352 of the International Money
Laundering Abatement and Anti-Terrorist Financing Act of 2001 (the “Money Laundering Abatement Act,” and together with the USA PATRIOT Act, the “AML Rules”) reasonably expected to detect and cause the reporting of
suspicious transactions in connection with the offering and sale of the Shares. Dealer’s acceptance of this Agreement also constitutes a representation to the Company and the Dealer Manager that it is currently in compliance with all AML Rules,
specifically including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act. Dealer Manager hereby covenants to remain in compliance with such requirements and shall, upon
request by the Company, provide a certification to the Company that, as of the date of such certification (a) its AML Program is consistent with the AML Rules and (b) it is currently in compliance with all AML Rules, specifically
including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act. Further, Dealer agrees, upon receipt of an “information request” issued under Section 314
(a) of the USA Patriot Act to provide the Financial Crimes Enforcement Network with information regarding: (i) the identity of a specified individual or organization; (ii) account number; (iii) all identifying information
provided by the account holder; and (iv) the date and type of transaction. The Dealer Manager from time to time will monitor account activity to identify patterns of unusual size or volume, geographic factors, and any other potential signals of
suspicious activity, including possible money laundering or terrorist financing. The Company and the Dealer Manager reserve the right to reject account applications from new customers who fail to provide necessary account information or who
intentionally provide misleading information. 
  

	XIII.	Limitation of Offer 

Dealer will offer Shares only to persons who satisfy the investor suitability standards and minimum investment requirements set forth in
the Prospectus or in any suitability letter or memorandum sent to it by the Company or the Dealer Manager and will only make offers to persons in the jurisdictions in which it is advised in writing by the Company or the Dealer Manager that the
Shares are qualified for 

 
sale or that such qualification or registration is not required in such jurisdiction and that the Shares may be offered and sold in such jurisdiction. Notwithstanding the qualification of the
shares for sale in any respective jurisdiction (or the exemption therefrom), Dealer represents, warrants and covenants that it will not offer Shares and will not permit any of its registered representatives to offer Shares in any jurisdiction unless
both Dealer and such registered representative are duly licensed to transact securities business in such jurisdiction. In offering Shares, Dealer will comply with the provisions of the rules and requirements of FINRA, as well as all other applicable
rules and regulations relating to suitability of investors, including without limitation, the provisions of Article III.C. of the NASAA Guidelines. 
 Dealer agrees that, in recommending the purchase, sale or exchange of Shares to an investor, Dealer, or a person associated with Dealer that makes a recommendation, shall have reasonable grounds to
believe, on the basis of information obtained from the investor (and thereafter maintained in the manner and for the period required by the SEC, any state securities commission, FINRA or the Company) concerning the investor’s age, investment
objectives, other investments, financial situation and needs, and any other information known to Dealer, or person associated with Dealer, that (i) the investor is or will be in a financial position appropriate to enable the investor to realize
to a significant extent the benefits described in the Prospectus, including the tax benefits to the extent they are a significant aspect of the Company, (ii) the investor meets the minimum income, net worth and all of the other requirements set
forth in Article III.B, Article III.C and Article III.E.1 of the NASAA Guidelines and the Company’s limited liability company operating agreement, and (iii) an investment in Shares is otherwise suitable for such investor. Dealer agrees to
sell Class A, Class C and Class I Shares only to those persons who are eligible to purchase such Shares, as described in the Prospectus. In making the determinations as to financial qualifications and as to suitability required by the NASAA
Guidelines, Dealer may rely on (A) representations from investment advisers who are not affiliated with Dealer, banks acting as trustees or fiduciaries, and (B) information Dealer has obtained from a prospective investor, including such
information as the investment objectives, other investments, financial situation and needs of the Person or any other information known by Dealer, after due inquiry. Notwithstanding the foregoing, Dealer shall not execute any transactions in the
Company in a discretionary account without the prior written approval of the transaction by the customer. 
  

	XIV.	Termination, Amendment and Assignment 

 Dealer will immediately suspend or terminate its offer and sale of Shares upon the request of the Company or the Dealer Manager at any time and will resume its offer and sale of Shares hereunder upon a
subsequent request of the Company or the Dealer Manager. Any party may terminate this Agreement by written notice delivered pursuant to Section XVII below. Such termination shall be effective 48 hours after the mailing of such notice. This Agreement
and the exhibits hereto are the entire agreement of the parties and supersede all prior agreements, if any, relating to the subject matter hereof between the parties hereto. 
 This Agreement may be amended at any time by the Dealer Manager by written notice to Dealer, and any such amendment shall be deemed accepted by Dealer upon placing an order for sale of Shares after it has
received such notice. 
 The Dealer Manager may assign its rights, obligations and interests hereunder to a qualified assignee
upon prior written notice to Dealer. 

	XV.	Privacy Laws 

 The Dealer
Manager and Dealer (each referred to individually in this section as “party”) agree as follows: 
 (a) Each party
agrees to abide by and comply with (i) the privacy standards and requirements of the Gramm-Leach-Bliley Act of 1999 (the “GLB Act” ), (ii) the privacy standards and requirements of any other applicable federal or state
law, and (iii) its own internal privacy policies and procedures, each as may be amended from time to time. 
 (b) Each
party agrees to refrain from the use or disclosure of nonpublic personal information (as defined under the GLB Act) of all customers who have opted out of such disclosures except as necessary to service the customers or as otherwise necessary or
required by applicable law. 
 (c) Each party shall be responsible for determining which customers have opted out of the
disclosure of nonpublic personal information by periodically reviewing and, if necessary, retrieving a list of such customers (the “List”) as provided by each to identify customers that have exercised their opt-out rights. In the
event either party uses or discloses nonpublic personal information of any customer for purposes other than servicing the customer, or as otherwise required by applicable law, that party will consult the List to determine whether the affected
customer has exercised his or her opt-out rights. Each party understands that each is prohibited from using or disclosing any nonpublic personal information of any customer that is identified on the List as having opted out of such disclosures.

  

	XVI.	Confidentiality of Due Diligence Information 

 Dealer understands that the Company, Dealer Manager or third party due diligence providers may from time to time furnish Dealer with certain information which is non-public, confidential or proprietary in
nature (the “Due Diligence Information”) in connection with its due diligence obligations under FINRA rules and the federal securities laws. Dealer agrees that the Due Diligence Information will be kept confidential and shall not,
without our prior written consent, be disclosed by Dealer, or by Dealer’s affiliates, agents, representatives or employees, in any manner whatsoever, in whole or in part, and shall not be used by Dealer, its agents, representatives or
employees, other than in connection with Dealer’s due diligence evaluation of the Offering . Dealer agrees to reveal the Due Diligence Information only to its affiliates, agents, representatives and employees who need to know the Due Diligence
Information for the purpose of the due diligence evaluation. Further, Dealer and its affiliates, agents, representatives and employees will not disclose to any person the fact that the Due Diligence Information has been made available to it.

 The term Due Diligence Information shall not include information which (i) is already in Dealer’s possession or in
the possession of Dealer’s parent corporation or affiliates, provided that such information is not known by Dealer to be subject to another confidentiality agreement with or other obligation of secrecy to the Company or another party;
(ii) is or becomes generally available to the public other than as a result of a disclosure by Dealer, its affiliates, or their respective directors, officers, employees, agents, advisors and representatives in violation of this Agreement;
(iii) becomes available to Dealer or its affiliates on a non-confidential basis from a source other than the Company or its advisors, provided that such source is not known by Dealer or its affiliates to be bound by a confidentiality agreement
with or other obligation of secrecy to the Company or another party; or (iv) is independently developed by Dealer or by its affiliates without use of the Due Diligence Information. 

Dealer agrees that its obligation of non-disclosure, non-use and confidentiality of the Due Diligence Information as set forth herein
shall terminate two (2) years after the date on which the Due Diligence Information is received by Dealer. 

	XVII.	Notice 

 All notices or
other communications required or permitted hereunder shall be in writing and shall be deemed given or delivered: (i) when delivered personally or by commercial messenger; (ii) one business day following deposit with a recognized overnight
courier service, provided such deposit occurs prior to the deadline imposed by such service for overnight delivery; (iii) when transmitted, if sent by facsimile copy, provided confirmation of receipt is received by sender and such notice is
sent by an additional method provided hereunder, in each case above provided such communication is addressed to the intended recipient thereof as set forth below: 
  

			
	If to the Dealer Manager:	 	SC Distributors, LLC
		 	610 Newport Center Drive, Suite 350
		 	Newport Beach, California 92660
		 	Facsimile No.:
		 	Attention: Patrick J. Miller, President

 If to Dealer, to the address or facsimile number and address specified by Dealer on the signature page
hereto. 
  

	XVIII.	Attorney’s Fees; Applicable Law 

 In any action to enforce the provisions of this Agreement or to secure damages for its breach, the prevailing party shall recover its costs and reasonable attorney’s fees. This Agreement shall be
construed under the laws of the State of California and shall take effect when signed by Dealer and countersigned by the Dealer Manager. 
  

	XIX.	Choice of Law and Arbitration 

 Regardless of the place of its physical execution or performance, the provisions of this Agreement will in all respects be construed according to, and the rights and liabilities of the parties hereto will
in all respects be governed by, the substantive laws of Delaware without regard to and exclusive of Delaware’s conflict of laws rules. 
 Any dispute between the parties concerning this Agreement not resolved between the parties will be arbitrated in accordance with the rules and regulations of FINRA. 

 

	XX.	Severability 

 In the
event that any court of competent jurisdiction declares any provision of this Agreement invalid, such invalidity shall have no effect on the other provisions hereof; which shall remain valid and binding and in full force and effect, and to that end
the provisions of this Agreement shall be considered severable. 
  

	XXI.	No Waiver 

 Failure by
either party to promptly insist upon strict compliance with any of the obligations of the other party under this Agreement shall not be deemed to constitute a waiver of the right to enforce strict compliance with respect to any obligation hereunder.

	XXII.	Assignment 

 This
Agreement may not be assigned by either party, except with the prior written consent of the other party. This Agreement shall be binding upon the parties hereto, their heirs, legal representatives, successors and permitted assigns. 

 

	XXIII.	Authorization 

 Each party
represents to the other that all requisite corporate proceedings have been undertaken to authorize it to enter into and perform under this Agreement as contemplated herein, and that the individual who has signed this Agreement below on its behalf is
a duly authorized officer. 
  

	XXIV.	Amendments 

 This
Agreement shall only be amended upon written agreement executed by each of the parties hereto; provided, however, that no amendment to this Agreement will be effective to amend any provision of the Dealer Manager Agreement. 

 

	XXV.	Counterparts 

 This
Agreement may be signed by the parties hereto in two or more counterparts, each of which shall be deemed to be an original, which together shall constitute one and the same Agreement among the parties. 

[SIGNATURE PAGE FOLLOWS] 

 Greenbacker Renewable Energy Company LLC 

Participating Broker-Dealer Agreement 
 [SIGNATURE PAGE] 
 We have read the foregoing Agreement and we hereby accept and
agree to the terms and conditions set forth therein. 
  

													
	Dealer:	 	  
	 	(as shown in FINRA records)
			
	Attention:	 	  
	 	
			
	Address:	 	  
	 	
			
		 	  
	 	
			
	City:	 	  
	 	
					
	State:	 	  
	 	Zip Code:	 	  
	 	
					
	Telephone No.:	 	  
	 		 		 	
					
	Facsimile No.:	 	  
	 		 		 	
					
	E-mail:	 	  
	 		 		 	

  

			
	AGREED TO AND ACCEPTED BY THE DEALER:
		
	By:	 	  

		 	Signature
		
		 	  

		 	Printed Name
		
		 	  

		 	Title

  

			
	 AGREED TO AND ACCEPTED BY
 THE DEALER MANAGER:
 SC DISTRIBUTORS, LLC

		
	By:	 	  

		 	Patrick J. Miller
		 	President

 EXHIBIT A 

FORM OF DEALER MANAGER AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}]]