50 MW FELISA SOLAR PROJECT-BACOLOD CITY

REQUIRED DOCUMENTS RELEVANT AUTHORITY/ISSUING ENTITY

DOCUMENTS /PERMITS REQUIRED DURING PRE-DEVELOPMENT STAGECertificate of Incorporation

Articles of Incorporation/By-laws

of the Project owner

Minutes of the Organizational Meeting of the Stockholders and the BOD Negros PH Solar, inc.Meeting of the stockholders and BOD

Latest General Information Sheet (GIS)

Certificate of Good Standing

BIR Form No. 0605 (Payment of DST) Bureau of Internal Revenue (BIR)

Business Permit (Mayor’s Permit) Local Government Unit (LGU-Bacolod)

Negros PH Solar, Inc.

Secretary’s Certificate -Company’s authorized representative in negotiating and entering into an RE Contract with the DOENegros PH Solar, Inc.

Stock and Transfer Book Negros PH Solar, Inc.

BIR Form No. 2000 (for original issue of shares of stock) Bureau of Internal Revenue (BIR)

Organizational Chart Negros PH Solar, Inc.

BIR Form No. 2303 (Certificate of Registration) Bureau of Internal Revenue (BIR)

Tax Identification Number (TIN) Bureau of Internal Revenue (BIR)

DOE Certificate of Endorsement Department of Energy (DOE)

Stock Certificate Negros PH Solar, Inc.

Lease Agreement/s/Forest Land Use Agreement/Zoning Certificate Negros PH Solar, Inc.

Certificate on updated payment of real property taxes (if applicable) Local Government-Treasurers Office

OTHER PERMITS REQUIRED PRIOR TO CONSTRUCTION

Project Structure Negros PH Solar, Inc.

Barangay Clearance- Developer Local Government Unit

Electrical Permit Local Government Unit

Mechanical Permit Local Government Unit

Sanitary Permit Local Government Unit

Demolition Permit (if applicable) Local Government Unit

Securities Exchange Commission (“SEC”)

Securities Exchange Commission (“SEC”)

Securities Exchange Commission (“SEC”)

Securities Exchange Commission (“SEC”)

Treasurer’s Affidavit certifying that: (a) at least 25% of the authorized capital stock has been subscribed; and (b) at least 25% of the subscription has been paid.

Fencing Permit (if applicable) Local Government Unit

Plumbing Permit (if applicable) Local Government Unit

Letter of Intent to the DOE Negros PH Solar, Inc.

Excavation, Ground Preparation and Soil Investigation Permit (if applicable)

Locational Clearance and Zoning Compliance Certification- DEVELOPER Local Government Unit

Barangay Resolution Office of the Punong Barangay

Sangguniang Panlungsod Resolution (SB Resolution) Tanggapan ng Sangguniang Panlungsod

Sangguniang Panlalawigan Resolution- Provincial Governor Provincial Government

Certificate of Compliance or Certificate of Non-overlap (if applicable)

Water Permit (if applicable) National Water Resources Board

Height Clearance (if applicable) Civil Aviation Authority of the Philippines (CAAP)

Bureau of Customs accreditation as an importer (if applicable) – MAX 30 days Bureau of Customs (BOC)

DENR PERMITS

Environmental Compliance Certificate

Environmental Compliance Certificate for the Transmission Line DENRPermit to Cut Trees (if applicable) DENR-Forest Use Management Services

Foreshore Lease Agreement (if applicable) DENR

Authority to Construct DENR

Permits to Operate for any activity which may result in discharge to the DENR

environment (air, wastewater, hazardous waste, etc.)

DOLE PERMITS

Social Security Systen Registration

Home Mutual Development Fund

BIR Certificate of Registration of the Project Owner Bureau of Internal Revenue (BIR)

Registration of Books of Accounts of the Project Owner Bureau of Internal Revenue (BIR)

Approval of VAT Zero rating Bureau of Internal Revenue (BIR)

Accreditation as Importer BIR / Bureau of Customs

DOE PERMITS

Certificate of Registration as RE Developer of the Project Owner

Solar Energy Service Contract

Confirmation of Commerciality Certificate

National Commission on Indigenous Peoples (“NCIP”)

Department of Environment and Natural Resources (DENR)- Environment Management Bureau

Department of Energy (“DOE”)

Department of Energy (“DOE”)

- Including contract application form and its attachments.

Department of Energy (“DOE”)

DAR PERMITS

Land Conversion Order (if applicable) Department of Agrarian Reform (DAR)

PCAB PERMITS

PCAB License issued to the Contractor and SEC License issued to foreign

contractors authorizing them to engage in business in the Philippines and SEC

and/or establish a branch in the Philippines.

Subcontractor License (if applicable) PCAB

BOI PERMITS

Certificate of Registration (if Negros PH will claim incentives)

Authority to Import Capital Equipment (if Energy Logic will claim incentives)

NGCP PERMITS

Grid Impact Study

Interconnection Agreement (if applicable)

DOCUMENTS/ PERMITS REQUIRED PRIOR TO OPERATION

Certificate of Compliance

Approval of authority to develop, own and operate dedicated point-to-point limited facilities

If Project is FIT Eligible, Final and Effective FIT Eligibility

Registration as a Wholesale Aggregator (if applicable)

Wholesale Electric Spot Market Registration (if applicable) Philippine Electric Market Corporation

If Project is FIT Eligible, Renewable Energy Payment Agreement

Metering Service Agreement

Transmission Service Agreement

Registration of the direct foreign equity investments in the Project Owner

(if the foreign exchange to be used for repatriation of capital and remittance of

dividends will be purchased from the Philippine banking system)

DOCUMENTS/ PERMITS REQUIRED PRIOR TO THE SIGNING OF THE LOAN AGREEMENT

Approval of or registration of foreign currency loans (if foreign exchange to be

used for loan servicing will be purchased from the Philippine banking system)

Registration of lease agreement and other documents on the right to use the land (if applicable)

and of real estate and chattel mortgages DENR/Register of Deeds

Registration of vehicles and chattel mortgage on motor vehicles (if applicable) Land Transportation Office

Annotation of easement/rights of way (if applicable) Municipal Assessor’s Office

Philippine Contractor’s Accreditation Board (“PCAB”)

Board of Investments (“BOI”)

Board of Investments (“BOI”)

National Grid Corporation of the Philippines (“NGCP”)

National Grid Corporation of the Philippines (“NGCP”)

Energy Regulatory Commission (“ERC”)

Energy Regulatory Commission (“ERC”)

Energy Regulatory Commission (“ERC”)

National Grid Corporation of the Philippines (“NGCP”)

National Grid Corporation of the Philippines (“NGCP”)

National Grid Corporation of the Philippines (“NGCP”)

Bangko Sentral ng Pilipinas (“BSP”)

Bangko Sentral ng Pilipinas (“BSP”)

WHEN REQUIRED STATUS

DOCUMENTS /PERMITS REQUIRED DURING PRE-DEVELOPMENT STAGEPre-development stage obtainedPre-development stage obtained

obtainedPre-development stage obtainedPre-development stage

Pre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtained

Pre-development stage obtained

Pre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtained

Pre-development stage obtainedPre-development stage obtainedPre-development stage EPC to applyPre-development stage EPC to applyPre-development stage EPC to applyPre-development stage EPC to apply

Pre-development stage EPC to applyPre-development stage EPC to applyPre-development stage obtained

Pre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage not applicablePre-development stage obtainedPre-development stage

Pre-development stage not applicablePre-development stage EPC to apply

Pre-development stage obtainedPre-development stage on-processPre-development stage obtainedPre-development stage not applicablePre-development stage obtainedPre-development stage obtained

Pre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage obtainedPre-development stage on-process

Pre-development stage obtainedPre-development stage obtainedPre-development stage

Pre-development stage on-process

Pre-development stage obtained

Prior to construction obtainedobtained

Prior to construction obtained

Pre-development stage on-processPre-development stage on-process

Pre-development stage obtainedPre-development stage on-process

Prior to operation on-processPrior to operation on-processPrior to operation on-processPrior to operation on-processPrior to operation on-processPrior to operation on-processPrior to operation on-processPrior to operation on-process

not yet require

not yet requirenot yet requirenot yet require

Prior to initial drawdown not yet requirePrior to initial drawdown not yet requirePrior to initial drawdown not yet require