Promissory Note for Sale

Sale of Promissory Note and interests in REC recoveries more described below:

Lanfear Note: The Lanfear Note is a promissory note executed by one of the Debtors’ former principals, in favor of the Debtors. More specifically, the Lanfear Note can be described as that certain Second Amended and Restated Promissory Note dated June 15, 2015 issued by Matthew Lanfear payable to BBPC in the principal amount of $2,883,086 plus interest as stated therein, as further amended by that certain Third Amended and Restated Promissory Note dated September [●], 2015 issued by Matthew Lanfear payable to BBPC in the principal amount of $2,883,086 plus interest as stated therein, the principal and interest of which was due and payable on August 31, 2018.

GEE Side Letter Proceeds: Under the GEE Side Letter as approved by the Skyview Sale Order, the Debtors retained a participating interest in the Assumed Contracts, which consisted of agreements to purchase RECs that were not yet completed. Specifically, the Debtors were entitled to receive 50% of the value that Skyview recovered on the Assumed Contracts (the Debtors’ share of which are the “GEE Side Letter Proceeds”).