Unhappy Taxpayer & Voter sent an Open Records Request for information on the Green Energy Partners

Gasification Plant on November 19, 2012. We received some very interesting information the fellow

CHASE members and general public may not be aware of to include the following:

1. Neville Anderson with the Green Energy Partners made the following request of the DeKalb

Development Authority:

• April 09, 2012 - Requested 10 year abatement.

• April 06, 2012 - Request a property tax incentive because "the project's financial advisor

indicates that some form or credit enhancement is necessary to sell the bonds."

• December 21, 2011 - Part of the financing package for the plat is the EB5 visa program, this

program allows foreign investors to invest equity in American projects in return for a green card.

The Green Energy Partners, LLC(GEP) and Green Energy Resource Center (GERC):

2. GEP is committed to providing substantial community benefits to DeKalb County and to the Cityof Lithonia. To that end, GEP has voluntarily committed to:

• Guarantee Local Small Business Enterprise participation of at least 20% of the project

construction and operation budget.

• Create 75 to 100 temporary and permanent jobs.

• Provide scholarships to local secondary and college students to promote study in this new field

and to enhance existing local schools programs.3. The County would also derive the following environmental and economic benefits from the

GERCproject:

• Eliminate processing and transportation costs for the woody biomass.

• The useful life of the landfills would be greatly increased.

• Reduction of carbon footprint in the County.

• Increase in the tax base.

Two major promises made to the citizens of South DeKalb were that the Gasification Plant would

provide jobs and increase the tax base. However, the Open Records Request revealed these promises

maybe well financed political lies if:

• The tax abatement removes the requirement for the gasification plant to pay taxes

• The EB5 visa program is used to fill the job openings.

We need further information to determine the "truth" and hold our elected officials accountable formisleading the public.

Copy of ORR below and documents provided upon request:

From: voterwhocares <voterwhocares@aol.com>

To: SLJackson <SLJackson@dekalbcountyga.gov>

Cc: voterwhocares <voterwhocares@aol.com>

Subject: ORR for Green Energy Partners

Date: Mon, Nov 19, 2012 12:31 pm

MemorandumTo: DeKalb County Development Authority and Shelbia L. Jacksoncc: CEO Burrell Ellis, DeKalb County Board of Commissioners, Unhappy Taxpayer and Voter and allappropriate partiesFrom: Viola Davis with Unhappy Taxpayer and VoterDate: 11/19/2012Re: Open Records Request for information on 53 Million Dollars for Green Energy Partners issuedby DeKalb Development Authority in the month of February 2012

Open Records Request for information on the 53 Million Dollars forGreen Energy Partners issued by DeKalb Development Authority

Pursuant to the Georgia Open Records Law (O.C.G.A 50-18-70 et seq.) (the Law)and/or Freedom of Information Act, you are hereby requested to make available forreview and copying all files, records, tapes, and other documents in your possessionsthat refer or relate to the information concerning the 53 million dollars inbond funding for its proposed biomass facility in Lithonia, Georgia by DeKalb CountyDevelopment Authority around February 2012. The location of the facility is 1770Rogers Lake Road.

If this request is denied in whole or in part, we ask that you cite in writing the specificstatutory exemption upon which you have relied, as required by law. We also ask thatyou release all separate portions of otherwise exempt material. Please waive any costsassociated with this request, or first inform us about costs as required by Georgia law.

As you know, the Law requires a response by you within three business days of yourreceipt of this letter and provides sanctions for non-compliance. I look forward tohearing from you. I can be reached at 770-256-0034 or via my emailat voterwhocares@aol.com. Our mailing address is 909 Rays Road, Stone Mountain,Ga. 30083.

Sincerely,

Viola Davis

12/5/12 ORR f or Green Energy Partners

From: voterwhocares <voterwhocares@aol.com>To: SLJackson <SLJackson@dekalbcountyga.gov>Cc: voterwhocares <voterwhocares@aol.com>

Subject: ORR for Green EnergyPartnersDate: Mon,Nov 19,2012 12:31 pm

MemorandumTo: DeKalb County Development Authority and Shelbia l. Jacksoncc: CEO Burrell Ellis, DeKalb County Board of Commissioners, Unhappy Taxpayer and Voter and allappropriate partiesFrom: Viola Davs with Unhappy Taxpayer and VoterDate: 11/19/2012

Re: Open Records Request for information on 53 Million Dollars for Green Energy Partnersissued by DeKalb Development Authority in the month of February 2012

Open Records Request for information on the 53 Million Dollars for GreenEnergy Partners issued by DeKalb Development Authority

Pursuant to the Georgia Open Records Law (O.C.G.A 50-18-70 et seq.) (the Law) and/orFreedom of Information Act, you are hereby requested to make available for review and copying allfiles, records, tapes, and other documents in your possessions that refer or relate to theinformation concerning the 53 million dollars in bond funding for its proposed biomass facility inLithonia, Georgia by DeKalb County Development Authority around February 2012. The locationof the facility is 1770 Rogers Lake Road.

If this request is denied in whole or in part, we ask that you cite in writing the specific statutoryexemption upon which you have relied, as required by law. We also ask that you release allseparate portions of otherwise exempt material. Please waive any costs associated with thisrequest, or first inform us about costs as required by Georgia law.

As you know, the Law requires a response by you within three business days of your receipt of thisletter and provides sanctions for non-compliance. I look forward to hearing from you. I can bereached at 770-256-0034 or via my email atvoterwhocares@aol.com. Our mailing address is909 Rays Road, Stone Mountain, Ga. 30083.

Sincerely,

Viola Davis

mail.aol.com/37242-111/aol-6/en-us/maiI/PrintMessage.aspx

Jackson, Shelbia L.

From:Sent:To:Subject:

neville anderson [nevandergep@gmail.com]Monday, April 09, 201211:16 AMMonacell, Jim; Whatley, Charles R.; Jackson, Shelbia L.; Gilchrist, Ernest R.Bond Meeting tomorrow

Charles, Bridget has advised me to seek the 10 year abatement. I will be there in the morning. Neville

1

Jackson. Shelbia 1.

From:Sent:To:Cc:Subject:Attachments:

Monacell, Jim [JMONACELL@sgrlaw.com]Friday, April 06, 2012 II :04 AMBobbie Sanford; Gregory Baranco; Judy Turner; Kevin Greiner; Lani Wong; Tisha Tallman; Vaughn IronsWhatley, Charles R.; Slone, Drew M.; Jackson, Shelbia L.DADC/Green Energy Partners and United Parcel Service InducementsDADC_Green Energy Partners - Resolution RE Removal of Inducement Condition (9415108_2 ).DOC; 9446634_2 .DOC

We have received the application from United Parcel Service for a $15,000,000 expansion of it distribution and customer servicecenter, and the application will be in your board materials. This will be a taxable bond issue to provide property tax incentives inaccordance with the usual policy. The inducement will require that a satisfactory economic impact analysis be completed andreviewed prior to bond issuance. Otherwise the application meets the Authority's criteria, and I recommend that it be approved.

We also have been asked by the Green Energy Project that received an inducement two months ago for a modification. Theoriginal application did not ask for a property tax incentive, and the project now asks for that incentive. The Project's financialadvisor indicates that some form or credit enhancement is necessary to sell the bonds, and has proposed that the amount of taxsavings applicable under the incentive policy be paid into a reserve fund to further secure the bonds. The Authority generallyasks projects to choose between issuing tax exempt bonds and use of property tax incentives. Here a portion of the bonds areexpected to be tax-exempt and a portion taxable, due to restrictions of the federal bond rules. Also DeKalb County will contractwith and utilize this project for disposal of its yard waste. Under these circumstances it is reasonable for the board to considerincluding the property tax incentive.

The proposed resolutions for both of these matters are attached, and Shelbia should include these in your board materials.

JIM MONACELL I Attorney at Law

404-815-3555 phone404-685-6855 faxwww.sgrlaw.comjmonacel/@sgrlaw.com

Promenade Two, Suite 31001230 Peachtree Street, N.E.Atlanta, Georgia 30309-3592--..~_•.l'~'SMITH, GAMBRELL & RUSSELL, LLP

IRS Circular 230 Disclosure:To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments)is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Intemal Revenue Code or (ii) promoting, marketing orrecommending to another party any transaction or matter addressed herein.

Confidentiality NoticeThis message is being sent by or on behalf of a lawyer. It is intended exclusively for the individual or entity to which it is addressed. This communication may containinformation that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read,print, retain, copy or disseminate this message or any part of it. If you have received this message in error; please notify the sender immediately bye-mail and delete allcopies of the message.

1

Jackson, Shelbia L.

From:Sent:To:Cc:Subject:

~('QJ\ ~ _

Bridget Chisholm [bridget.chisholm@bwcconsulting.com]Friday, March 30, 2012 1:36 PMWhatley, Charles R.; Monacell, Jim; nevandergep@gmail.comJackson, Shelbia L.Re: WfE Project

Importance: High

All,I've outlined a brief agenda to guide our call. We can add to as needed based on the call. Look forward to speaking with you shortly.

Agenda:

• GEP Update - Agreements, Financing, Concerns• Review Question on abatement "collection"• Discussion - Outstanding issues, DeKalbjauthority matters• Next Steps

Bridget ChisholmBWC ConsultingEmail: bridget.chisholm@bwcconsulting.comWebsite: http://www.bwcconsulting.com

Tennessee Office915 E. McLemore Ave., Suite 205Memphis, TN 38126Mobile: 901.230.3980Office: 901.672.8420 x212Fax: 901.942.6448

North Carolina OfficePO Box 5183Greensboro, NC 27435Phone: 336.691.5786Fax: 919.688.8478

(2)bwc

building wealth &tomrnunities

From: "Whatley, Charles R. (crwhatley@dekalbcountyga.gov)" <crwhatley@dekalbcountyga.gov>Date: Mon, 26 Mar 2012 13:34:32 -0400To: "Monacell, Jim" <JMONACELL@sgrlaw.com>, "nevandergep@gmail.com" <nevandergep@gmail.com>, Bridget Chisholm<bridget.chisholm@bwcconsulting.com>Cc: "Jackson, Shelbia L." <SUackson@dekalbcountyga.gov>Subject: RE: WTE Project

1

We ~ill arrange the call-in and send out an invite. Thanks.

Charles Whatley I Director, Jobs & Economic Growth Group IClark Harrison Building 1330 West Ponce de Leon Avenue, 6thFloor 1Decatur, GA 30030 1 W: 404.687.2742 (Direct Dial) IQ0: 404.687.2733(Fax) I [8]: crwhatlev@dekalbcountyga.gov

From: Monacell, Jim [mailto:JMONACELL@sgrlaw.com]Sent: Monday, March 26, 2012 1:26 PMTo: 'nevandergep@gmail,com'; Bridget Chisholm; Whatley, Charles R.Subject: RE: WTE Project

Let's make this call at 2:00 pm Friday. Charles, can you have your office set up a call-in number?

JIM MONACELL I Attorney at Law

404-815-3555 phone404-685-6855 faxwww.sgrlaw.comjmonacell@sgrlaw.com

Promenade Two, Suite31001230 Peachtree Street, N.E.Atlanta, Georgia 30309-3592

lil-I£! SMITH, GAMBRELL & RUSSELL, LLP

From: nevandergep@gmail.com [mailto:nevandergep@gmail,com]Sent: Monday, March 26, 2012 12:19 PMTo: Bridget Chisholm; Whatley, Charles R.Cc: Monacell, JimSubject: Re: WTE Project

Jim, you call the time. NevilleSent on the Sprint® Now Network from my BlackBerry®

From: "Bridget Chisholm" <bridget.chisholm@bwcconsulting.com>Date: Man, 26 Mar 2012 12:01:34 -0400To: Whatley, Charles R.<crwhatley@dekalbcountyga.gov>Cc: Monacell, Jim<JMONACELL@sgrlaw.com>; neville anderson<nevandergep@gmail.com>Subject: Re: WTE Project

2

After 1 works for me as well.Sent from my iPhone

On Mar 26,2012, at 12:00 PM, "Whatley, Charles R." <crwhatley@dekalbcountyga.gov>wrote:

After 1 pm works for me.Charles Whatley I Director, Jobs & Economic Growth Group IClark Harrison Building /330 West Poncede Leon Avenue, 6th Floor I Decatur, GA 30030 I ir: 404.687.2742 (Direct Dial) I~:404.687.2733(Fax) I 181:crwhatley@dekalbcountyga.gov<image001.jpg>

From: Monacell, Jim [mailto:JMONACELL@sgrlaw.com]Sent: Monday, March 26, 2012 11:47AMTo: 'neville anderson'; Whatley~ Charles R.Cc: Bridget ChisholmSubject: RE: WTE ProjectI have not yet heard from Charles, but I have those times open.JIM MONA CELL I Attorney at Law404-815-3555 phone404-685-6855 faxwww.sgrlaw.comjmonacell@sgrlaw.comPromenade Two, Suite 31001230 Peachtree Street, N.E.Atlanta, Georgia 30309-3592

<IMAGE002.JPG> SMITH,GAMBRELL & RUSSELL, LLP

From: neville anderson [mailto:nevandergep@gmail.com]Sent: Friday, March 23, 2012 3:54 PMTo: Whatley, Charles R.; Monacell, JimCc: Bridget ChisholmSubject: WTE Project

Charles and Jim, can we set up a time to talk next Friday the 30th in the early morningbefore lOam or anytime in the afternoon after 1pm.I also have on my calendar April 10 for the tax abatement add on. Neville

IRS Circular 230 Disclosure:To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in thiscommunication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i)avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party anytransaction or matter addressed herein.

Confidentiality NoticeThis message is being sent by or on behalf of a lawyer. It is intended exclusively for the individual or entity to which it isaddressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legallyexempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminatethis message or any part of it. If you have received this message in error, please notify the sender immediately bye-mail anddelete all copies of the message.

<Charles R Whatley Jr .vcf>

IRS Circular 230 Disclosure:To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including anyattachments) is not intended orwritten to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii)

3

Development Authority ofDeKalb County, Georgia

2012Board Members

Officers

Mrs. JudyTurnerChair of the Authority

PresidentPrivate Bank of Decatur

Mr. Vaughn IronsVice-Chair of the Authority

CEOAPD Solutions, LLC

Ms. Lani WongSecretary of the Authority

ChairNational Association of

Chinese-Americans (NACA)

Mr. GregoryBarancoTreasurer of the Authority

President & CEOMercedes-Benz of Buckhead

Ms. Tisha R. TallmanBoard Member of the Authority

President & CEOGeorgia Hispanic Chamber

of Commerce

Mr. Kevin GreinerBoard Member of the Authority

President & CEOGas South

Mrs. Bobbie K. SanfordBoard Member of the Authority

Founder & BrokerColdwell Banker

Sanford Realty Co.

Mr. James P. MonacellCounsel to the Authority

Smith, Gambrell & Russell, LLP

DEVELOPMENT AUTHORITY BOARD MEETING

AgendaTuesday, April 10, 2012

Cornerstone Bank, Community Room125 Clairemont Avenue, Decatur, GA 30030

8:00a.m.Convene and Welcome Board and Guests - Mrs. Judy Turner, Chair

DeKalb Private Hospital Authority Convenes

Approval of January 11,2012, February 14,2012, March 13,2012 Board MeetingMinutes, and January 28, 2012 Retreat Minutes - Mrs. Judy Turner, Chair

Approval of January- March 2012 Financials -Mr. Gregory Baranco, Treasurer

Life Science Initiative Update - Mr. Jim Heitner

DeKalb Private Hospital Authority Adjourns

Development Authority of DeKalb County Convenes

Approval of March 13,2012 Board Meeting Minutes - Mrs. Judy Turner, Chair

Approval of January - March 2012 Financials - Mr. Gregory Baranco, Treasurer

DecisionApproval of Inducement Resolution for United Parcel Services, Inc. - Mr. James Monacell,

Esq.

Authorization of Transfer of Properties under Expired Leases for Eastman Kodak, NolandCompany and Lou Walker Senior Center Projects - Mr. James Monacell, Esq.

Modification ofInducement Resolution for Green Energy Partners-Dekalb, LLC -Mr. James Monacell, Esq.

Stone Mountain Community Improvement District (CID) ARC Innovation Grant LocalMatch Request for $20,000 Sponsorship - Mr. Emory Morsberger

Request for Sponsorship for DeKalb County table book project called "Faces and Places ofDeKalb County" - Mr. Charles Whatley

Summer Internships - Mr. Charles Whatley

Lunch and Learn Programs - Mr. Charles Whatley

Clark Harrison Building, 330 West Ponce de Leon Avenue, 6th Floor, Decatur, Georgia 30030(404) 687-2730 * (404) 687-2733Fax * www.decidedekalb.com

Next Board meeting: Tuesday, May 8, 2012 at 8:00 a.m.Location: TBA

Development DeKalb, Ine Board Meeting: Wednesday, May 16,2012 at 8:00 a.m.Location: DeKalb Office of Economic, Clark Harrison Building, 5th Floor Lobby Conference Room,

Decatur, GA 30030

Joint Development Authority of Metropolitan Atlanta Board Meeting: Tuesday, July 10,2012 at 12:00 p.m.(Hosted by the Development Authority of Clayton County)

Location: TBA

Development Authority of DeKalb County Adjourns

3

Jackson. Shelbia L.

From:Sent:To:Cc:Subject:

neville anderson [nevandergep@gmail.comJWednesday, December 21, 2011 5:59 AMJackson, Shelbia L.Prakash I. Patel; adel@gcfid.com930AM Meeting

Shelbia again please forgive me for having to cancel another meeting. Mom had a second stroke a few days agowhich turned her from recovery to the worst case, we now have her in hospice and are waiting with her to theend.

I need to reschedule our meeting, I recently had dinner with the CEO and he thought it important that I meet thenew director. So please explain for me and we will reschedule in January.

So we do not lose alot of time while I attend to family business, I want to introduce you to Prakash Patel who iscopied. Part of my financing package for the plat is the EB5 visa program, this program allows foreign. investorsto invest equity in American projects in return for a green card. Our location at 1770 Rogers Lake road fall justoutside of the federal enterprise zone, we may be able to overcome that with economic and demographicstatistics.

Prakash will tell you what he needs and if possible can you gather the data that he will outline for you that heneeds to move forward, ifneed be can you meet with him ifnecessary outside of me ifhe cannot communicatehis needs via email.

I have signed a term sheet with a group that involves Goldman Sachs to fund the project, we are movingforward. Prakash is an important piece to the equation. Please help.

Thank youNeville

, Project Summary - Offtake Agreement DRAFT

GERC's current feedstock agreement with DeKalb County will supply 100% of production needs for 20 years

.:. Management's currently projects that the Green EnergyResource Center will consume approximately 85,000 tons offeedstock per year.

I. Fuel Purchase.:. 20 year Fuel Purchase Agreement.:. DeKalb County will store 3-month supply to prevent

supply disruption.:. 40,000 tons annually - urban wood waste

II. Seminole Landfill Stockpile.:. Access to 1,000,000 tons stockpile.:. Can supply remaining 45,000 ton feedstock need for

22+ years.:. Less that 10 miles from plant

Dekalb County - Excess Supply

40,000 tons - Fuel Purchase Agreement

60,000 tons - remaining annual supply

I. Dekalb County (excess supply),.:. Dekalb County produces at least 100,000 tons of

municipal wood waste each year (with some yearsspiking to 500,000)

.:. Excess supply of 60,000 tonsFulton County.:. Discussions to potentially supply 25,000 tons annuallyRockdale County.:. Discussions to potentially supply 25,000 tons annuallyGeorgia Power.:. Discussions to potentially supply 5,000 tons annually

from its wood forestry operations

II.

III.

IV.

11

Green Energy Partners - DeKalb, LLCSources and Uses

SOURCES AND APPLICATIONS OF FUNDS

Total Immediate Funding

Senior DebtEquity1603 GrantTotal Sources

$ 34,000,0008,000,000

11,081,153$ 53,081,153

Site Purchase $ 1,650,000 $ 1,650,000LegalWCSR 500,000 200,000Accounting Fees 65,000 50,000Financial Advisor Fee 1,000,000EPC Fees 1,500,000Energy Loan payoff 425,000Site and Building Design Fee 250,000AECOM Payable 79,000First Carbon Solution Expense 15,000Community Relations Walker Consulting 25,000Insurance 100,000Buildings and Site Work 3,500,000Hurst System (turnkey) 32,000,000 3,150,000Fifth Third Bank Payoff 180,000 180,000AK Wong Solutions 150,000SC&S Loan Payoff 93,000Construction Period Interest - Capitalized 1,138,475Construction Period lnterest- Expensed 996,166Developer Fee 3,000,000Fuel Stockpile and Equipment 1,250,000Third Party Reports

RW Beck Technology and Fuel Studies 150,000Community Development 950,000Debt Service Reserve (6 months) 1,614,512O&M Reserves 250,000Construction Contingency and AdviSOry Fees 2,200,000TOTAL USES $53,081,153 $5,230,000

~ Energy Partners - DeKalb, LLC20 Year Financial Summary

SOURcesSenior [Jebl $34,000,000Equity 8,000,0001603 Grant 11,000,000TOTAL $53,000,000

Financial Snapshot2012" 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Revenue $ 1,301,848 $ 7,860,086 $ 7,931,832 $ 8,005,013 $ 8,079,657 $ 8,155,794 $ 8,233,454 $ 8,312,667 $ 8,393,464 $ 8,475,878 $ 8,559,939Operating Costs 467,445 2,797,004 2,872,712 2,950,654 3,030,899 3,082,237 3,166,354 3,252,955 3,342,114 3,433,908 3,528,415NOI Available for OS $ 834,404 $ 5,063,082 $ 5,059,120 $ 5,054,358 $ 5,048,758 $ 5,073,557 $ 5,067,100 $ 5,059,712 $ 5,051,350 $ 5,041,989 $ 5,031,524

Interest $ - $ 2,048,351 $ 1,978,985 $ 1,905,543 $ 1,827,786 $ 1,745,460 $ 1,658,298 $ 1,566,019 $ 1,471,870 $ 1,520,032 $ 1,405,124Principal 1,180,673 1,250,040 1,323,482 1,401,239 1,483,564 1,570,726 1,663,006 1,757,155 1,708,992 1,823,901

Total Dabt Service $ - $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025DS Coverage Ratio NA 1.6x 1.6x 1.6x 1.6x 1.6x 1.6x 1.6x 1.6x 1.6x 1.6x

Senior DabtPrincipal balance, ending $ 36,060,988 $ 34,880,315 $ 33,630,275 $ 32,306,793 $ 30,905,554 $ 29,421,989 $ 27,851,263 $ 26,188,480 $ 27,162,627 $ 25,206,798 $ 23,136,060

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

Revenue $ 8,645,682 $ 8,733,140 $ 8,822,346 $ 8,913,337 $ 9,006,148 $ 9,100,815 $ 9,197,375 $ 9,295,867 $ 9,396.328 $ 9,498,799Operating Costs 3,573,302 3,673,102 3,773,423 3,877,942 3,985,551 4,097,588 4,210,408 4,327,849 4,448,764 4,574,557NOI Available for OS $ 5,072,380 $ 5,080,038 $ 5,048,923 $ 5,035,396 $ 5,020,597 $ 5,003,227 $ 4,986,967 $ 4,968,018 $ 4,947,564 $ 4,924,242

Interest $ 1,283,464 $ 1,154,657 $ 1,018,282 $ 873,895 $ 721,025 $ 559,174 $ 387,813 $ 206,385 $ 14,297 $ (189,076)Principal 1,945,560 2,074,368 2,210,742 2,355,130 2,508,000 2,669,851 2,841,212 3,022,640 3,214,728 3,418,101

Total [Jebt Service $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025 $ 3,229,025DS Coverage Ratio 1.6x 1.6x 1.6x 1.6x 1.6x 1.5x 1.5x 1.5x 1.5x 1.5x

Senior DebtPrincipal balance, ending $ 20,943,663 $ 18,622,459 $ 16,164,880 $ 13,562,913 $ 10,808,077 $ 7,891,389 $ 4,803,340 $ 1,533,863 $ (1,927,701) $ (5,592,639)

,-.------- ....--- .. -.--. ---- ... -- ......... -.- ..-.. -- ....-.- ...- .•--.--- ... -- .•-- .. -.-- •.. -- .•..--._ ...- ....•. - ..- - .. --._-.-,... . ........ ---- ... " .......•.. -- ..... -- ..... ··-·1I I

i ASSUMPTIONS:II,

!I

I Ii Operating ceate - Annual Escalator 3.00% assumptionI Revenue - Proxy Pricing - Annual Escalator 2.00% Georgia Power Offtake AgreementI Revenue - Capacity Payments - Annual Escalator 0.00% Georgia Power Offtake AgreementI Revenue - REes • Annual Escalator 2.00% assumption! Senior Debt· Term (years) 18 I

I

! Senior Debt· Rate 5.75% I_ ........•. ---,---------- .... _ .. -_.,_ ....,.- .... -- •••••.• _ ••.•• 0'" •.••• ". _ •••• ,.___ ••..•• _ •••• _ ••.• __ .••. ,.•••••••••.••• __ ._ ••••. ___ ~ ••••••• _. __ •••••• , •• _. ___ .••.••• _ •. _ ••• _

I

Green Energy Partners, LLC (GEP) have several projects and prospect projects invarious stages of development. One of our signature projects is the Green EnergyResource Center.

Green Energy Resource Center (GERC)

The Green Energy Resource Center (GERC) will be a learning resource center where urban wood waste(woody biomass) will be converted into a synthetic high Btu gas known as Syngas which will be used toproduce steam to run turbines and generate 10 MWelectricity.

Green Energy Resource Center, DeKalb County

The GERC will be one of the first gasification facilities of its size in the nation that converts woodybiomass to electricity utilizing this advanced technology. Gasification technology was chosen overtraditional wood boilers because of the clean and low emissions output and control technology thatgasification has demonstrated in other similar applications throughout North America. Also, there are noodors associated with this process.

DeKalb County has provided support for the project by entering into a long-term Fuel Supply Agreementwith GEP to provide 40,000 tons of municipalyard waste for 20 years as well as exclusive access toexisting stockpiles of woody biomass stored at the County landfill.

This process will be located in a building which will host a learning outreach area to educate thecommunity about this Green technology.

The GERC facility is currently being designed with scholars in mind; it will feature a demonstration modelof Super Critical Water, currently on display at the City of Jacksonville, Florida. This is truly technology ofthe future and students visiting the GERC will be introduced to this display model. Super Critical Water isconsidered the next step in waste water treatment and promotes advancement in Green technology. Weplan to work with DeKalb County Government and the City of Lithonia to provide scholarships and otheropportunities for students to learn about this Green energy technology.

Page 1 of2

Georgia Power has agreed to enter into a long-term power purchase agreement ("PPA") to purchase ourgreen electricity.

GEP is committed to providing substantial community benefits to DeKalb County and to the City ofLithonia. To that end, GEP has voluntarily committed to:

• Guarantee Local Small Business Enterprise participation of at least 20% of the projectconstruction and operation budget.

• Create 75 to 100 temporary and permanent jobs.• Provide scholarships to local secondary and college students to promote study in this new field

and to enhance existing local schools programs.

The County would also derive the following environmental and economic benefits from the GERC project:

• Eliminate processing and transportation costs for the woody biomass.• The useful life of the landfills would be greatly increased.• Reduction of carbon footprint in the County.• Increase in the tax base.

Page 2 of2