Lexington 4 School Value Proposition from Infinite Habitat Partners – Wiser Capital Option

I’m in the office tomorrow and we’ll determine when everything will be ready. Will let you know.

Ellis Peterson East Regional Sales Manager Commercial/Industrial Strata Solar, LLC50101 Governors Drive, Ste 280Chapel Hill NC 27517Office: 919-960-6015 x 658Cell: 919-616-7596Fax: 919-960-7717

On Thu, Sep 29, 2016 at 5:22 PM, Matt Warren <matthewtwarren3@gmail.com> wrote:
When next week can we schedule the school presentation? They are ready. See below

Matt WarrenSolar Power Provider

Monday morning works fine for me. I have the spreadsheet but haven’t seen anything else in terms of the other documents we need. We need a chance to look them over.Matt?
Deb

Please let me know so we can lock Dave in, it is really difficult to get an appointment with Dave. I need to get back to him quickly with when we can meet.

Dave.

From: Matt Warren [mailto:matthewtwarren3@gmail.com]
Sent: Thursday, September 29, 2016 4:30 PM
To: davidldavidson@att.net
Cc: djstirling@att.net
Subject: Re: tomorrow

I doubt it. But will ask Ellis. We are saving the school money at interconnections and they have make those revisions.

Matt Warren

Solar Power Provider

On Sep 29, 2016, at 4:20 PM, <davidldavidson@att.net> <davidldavidson@att.net> wrote:

How does Monday morning work to meet with Dave Toole, can you have the numbers and documents together by then?

Dave.

How does Monday morning work to meet with Dave Toole, can you have the numbers and documents together by then?

Dave.

From: Dave Toole [mailto:dtoole@lexington4.net]
Sent: Thursday, September 29, 2016 2:54 PM
To: davidldavidson@att.net
Subject: RE: tomorrow

Dave,

What does your schedule look like next week? Right now I am open any day for next week. Just send me a day/time that works for you all.

Dave

Dave,

Matt Warren will be at your office at 9am this Thursday to meet up with George and visit with the 3 sites. Deb and I will not be attending on Thursday but will wait to hear from your regarding a new date to meet with you to discuss the financials and to complete the SCE&G application details.

Thanks,

Dave Davidson

FW: Lexington 4

Inbox

Matt,

Here are the utility bills as requested by Ellis.

Dave.

From: STOE, TIMOTHY A [mailto:TSTOE@scana.com]
Sent: Wednesday, September 28, 2016 3:33 PM
To: ‘davidldavidson@att.net‘ <davidldavidson@att.net>
Subject: RE: Lexington 4

As requested.

From: davidldavidson@att.net [mailto:davidldavidson@att.net]
Sent: Monday, September 26, 2016 3:11 PM
To: STOE, TIMOTHY A <TSTOE@scana.com>
Subject: RE: Lexington 4

***This is an EXTERNAL email. Please do not click on a link or open any attachments unless you are confident it is from a trusted source.

Thanks,

I can wait and appreciate the help.

Dave.

From: STOE, TIMOTHY A [mailto:TSTOE@scana.com]
Sent: Monday, September 26, 2016 12:55 PM
To: davidldavidson <davidldavidson@att.net>
Subject: RE: Lexington 4

It’s not that I don’t have them…I just don’t have the time to pull them all this week. I can do it next week if you want to wait.

From: davidldavidson [mailto:davidldavidson@att.net]
Sent: Monday, September 26, 2016 12:46 PM
To: STOE, TIMOTHY A <TSTOE@scana.com>
Subject: RE: Lexington 4

***This is an EXTERNAL email. Please do not click on a link or open any attachments unless you are confident it is from a trusted source.

Thanks Tim. I am looking for the utility bills for 2015 for each school. I will as Dave Toole for them if you do not have them. Thanks again. Dave.

Sent from my Sprint Samsung Galaxy S® 6.

——– Original message ——–

From: “STOE, TIMOTHY A” <TSTOE@scana.com>

Date: 9/26/16 12:23 PM (GMT-05:00)

To: davidldavidson@att.net

Subject: RE: Lexington 4

The account numbers are:

Swansea High School (7-1898-0003-3380)

Middle School (Francis Mack Intermediate 7-1971-0129-1597, Sand Hills Middle 7-1971-0131-1307)

Early Childhood Center (7-2100-8563-7593)

Also, I sent you the 2015 usage information for each of these schools in an email dated July 19. If you are looking for individual bills for the entire year for these schools, I won’t be able to provide that information this week. But, you should be able to get it from the school district.

Thanks,

Tim

From: davidldavidson@att.net [mailto:davidldavidson@att.net]
Sent: Monday, September 26, 2016 12:01 PM
To: STOE, TIMOTHY A <TSTOE@scana.com>
Subject: RE: Lexington 4

***This is an EXTERNAL email. Please do not click on a link or open any attachments unless you are confident it is from a trusted source.

Tim,

Can you also send me the 2015 utility bills for the three school buildings?

Thanks,

Dave.

From: davidldavidson@att.net [mailto:davidldavidson@att.net]
Sent: Monday, September 26, 2016 9:04 AM
To: TSTOE@scana.com
Subject: Lexington 4

Tim,

Good morning, when you get time will you please send me the electric account numbers for the following school buildings?

Swansea High School

Middle School

Early Childhood Center

Thanks,

Dave

David L. Davidson

Infinite Habitat @Innovista

CTO and Director

1233 Washington Street

Suite 500

Columbia, SC 29201

Cell: 803-549-0730

Email: davidldavidson@att.net

Matt and Deb,

I have not received a response of my earlier message to Dave requesting a new meeting date to review the financials. With that said lets tell the Strata folks that we do not need the documents for the planned meeting this Thursday and that we will get back to them when we get a new date from Dave.

Thanks,

Dave.

RE: tomorrow

Inbox

Thanks Dave,

What dates do you have open to meet on the financials?

Dave.

Fwd: tomorrow

Inbox

Sent from my Sprint Samsung Galaxy S® 6.
——– Original message ——–From: Dave Toole <dtoole@lexington4.net>Date: 9/28/16 2:26 PM (GMT-05:00)To: davidldavidson@att.netSubject: tomorrow

Dave,

I have another meeting scheduled for tomorrow at the same time you will be here. George Hutto will meet you at the District Office and take you to wherever you need to go.

Dave

Dave Toole

Director of Operations

Lexington School District Four

LEX 4 Visit

Inbox

We are set for 9am this Thursday with Dave Toole in his office. Site Visit, Lease and financials review and SCE&G application signing.

Dave

Site Visit

Inbox

Dave,

Would it be possible for us to visit the three school site one last time to be sure we have the design parameters understood? We would like to come over this Thursday morning would this be possible, we do not need to enter the buildings?

Thanks,

Dave.

I agree. We don’t need to tinker with these numbers any more. Let’s get this proposal in front of the school district and sell it to them, but let’s get the development agreement signed first.

From: Matt Warren [mailto:matthewtwarren3@gmail.com]
Sent: Thursday, September 22, 2016 9:26 AM
To: davidldavidson@att.net
Cc: Will Brennan <wbrennan@brennansc.com>; Jim Brennan <jbrennan@brennansc.com>; Deb Stirling <djstirling@att.net>; Chris Rogers <crogers@rogerslewis.com>
Subject: Re: Lexington lease & Working agreement

I think it is an absolute grand slam home run!

Matt Warren

Solar Power Provider

RE: Lexington lease & Working agreement

Inbox

I looked over the Wiser numbers and compared them to what Chris and I came up with, they look very close to what we projected for 20 years. Please note that our chart runs for 25 years so when looking at the totals you will need to scroll to 20 years only. Please let me know what your opinion is.

Thanks,

Dave.

From: Ellis Peterson [mailto:epeterson@stratasolar.com]
Sent: Wednesday, September 21, 2016 8:52 PM
To: Matt Warren <matt@warrensolar.com>
Cc: davidldavidson@att.net; Will Brennan <wbrennan@brennansc.com>; Deb Stirling <djstirling@att.net>; Jim Brennan <jbrennan@brennansc.com>; Chris Rogers <crogers@rogerslewis.com>
Subject: Re: Lexington lease & Working agreement

Hi Team,

Wiser got back to us this evening. Please see attached revised Lexington Schools lease with the below requested changes.

The Y11 utility rate now starts at the requested $.1282 and with a .5% escalator winds up in Y20 at $.1341.
Sales Tax Y11-Y20 revised to $9,300.

The resulting numbers are very compelling. If they buy out the 20 year lease at Y10, as Dave suggested, the savings at Y20 will be north of $2.9M by my estimation.

Please review and let us know your thoughts.

Thanks,
Ellis

Ellis Peterson

East Regional Sales Manager Commercial/Industrial

Strata Solar, LLC

50101 Governors Drive, Ste 280

Chapel Hill NC 27517

Office: 919-960-6015 x 658

Cell: 919-616-7596

Fax: 919-960-7717

On Wed, Sep 21, 2016 at 5:57 PM, Matt Warren <matt@warrensolar.com> wrote:

Thank you Ellis for pushing to get this to us as fast as possible!

Matt Warren

On Sep 21, 2016, at 5:01 PM, “davidldavidson@att.net” <davidldavidson@att.net> wrote:

Ellis,

Thanks for the update, we are looking forward to both documents.

Dave Davidson

From: Ellis Peterson [mailto:epeterson@stratasolar.com]
Sent: Wednesday, September 21, 2016 4:49 PM
To: Will Brennan <wbrennan@brennansc.com>; Deb Stirling <djstirling@att.net>; Jim Brennan <jbrennan@brennansc.com>; Matt Warren <matt@warrensolar.com>; David Davidson <davidldavidson@att.net>; Chris Rogers <crogers@rogerslewis.com>
Subject: Lexington lease & Working agreement

Dear IHI Team,

Just a quick update, Wiser is finishing the requested changes to the lease and we should have it in hand by noon tomorrow…possibly tonight (they’re west coast).

Secondly, until we have a formal ‘Developer Agreement’ in place between IHI and Strata…we sympathize with the desire to have something in place immediately for the Lexington Schools project. We are currently drafting a document that will basically address the following items:

Strata will guarantee the inclusion of the $.12/w Development Fee for IHI on the Lexington Schools project.
Strata will also include statements confirming that we will not, under any circumstances attempt to go around or circumvent IHI with Lexington Schools in any way.

Again, once this is drafted and signed on our end I will send it over for your review.

Thanks,
Ellis

Ellis Peterson

East Regional Sales Manager Commercial/Industrial

Strata Solar, LLC

50101 Governors Drive, Ste 280

Chapel Hill NC 27517

Office: 919-960-6015 x 658

Cell: 919-616-7596

Fax: 919-960-7717

RE: Lexington 4

Inbox

Understood, please let me know when you can.

Dave.

From: Matt Warren [mailto:matthewtwarren3@gmail.com]
Sent: Wednesday, September 7, 2016 10:20 AM
To: Deb Stirling <djstirling@att.net>
Cc: davidldavidson@att.net; Jim Brennan <jbrennan@brennansc.com>; Will Brennan <wbrennan@brennansc.com>
Subject: Re: Lexington 4

I’m not ignoring you all….I haven’t heard back from Strata. I tried to call and got voicemail. I’m sure he is still in his meeting.

Matt Warren

Solar Power Provider

From: Ellis Peterson <epeterson@stratasolar.com>
Date: September 13, 2016 at 1:55:36 PM EDT
To: David Davidson <davidldavidson@att.net>, Deb Stirling <djstirling@att.net>, Jim Brennan <jbrennan@brennansc.com>, Matt Warren <matt@warrensolar.com>, Will Brennan <wbrennan@brennansc.com>
Subject: Fwd: Lexington Schools – SC [20 yr lease option] *Slight Revision*

Dave,
There was one error in the sheet that does NOT effect any of the numbers. The attached version is corrected. It was the ‘Effective Solar Rate’ column from year 11-20. The earlier version showed it starting at $.16 instead of $.06. Like I said, the fix has no effect on any other numbers.
Dave, do you still have questions on the lease numbers in general?? We’re here to help clear it all up.
Thanks,
Ellis

Lexington 4 Strata Solar Financials

Inbox

Chris,

Jim asked me to send the attached file to you for your review, will you please look this over and let us know your opinion of Strata’s overall strategy and how they arrived at the Buyout number. We would like to conference call with you either Wednesday or Thursday if possible, please let us know what day and time works for you and we will conference in.

Thanks,

Dave.

davidldavidson@att.net	Thu, Sep 29, 2016, 4:31 PM
to me, djstirling

davidldavidson@att.net	Sep 28, 2016, 5:06 PM
to me, djstirling

davidldavidson@att.net	Mon, Sep 26, 2016, 12:09 PM
to me, djstirling, Jim

davidldavidson@att.net	Mon, Sep 26, 2016, 11:54 AM
to Dave, djstirling, Jim, me

FW: Lexington 4

RE: tomorrow

Fwd: tomorrow

LEX 4 Visit

Site Visit

RE: Lexington lease & Working agreement

RE: Lexington 4

Lexington 4 Strata Solar Financials

You Might Also Like

$675,000 Loan for Solar Chicken Houses

Don Barry’s Mobile Home Solar Finance Deal

What would I do if I had $1 million?