EverBright EverOwn

The EverOwn product uses a re-amortization at month 18 to permit homeowners to take advantage of the tax incentives offered to them to help keep their payments low. There is never a penalty for paying more than the minimum at any time during the life of the contract, and additional payments are handled like this:

Paying more than the minimum before month 18

• All payments in excess of the minimum required are used in the re-amortization calculation at month 18.

• The proposal includes a projected NR (No Re-amortization) payment that would be in force after month 18 if no additional payments have been made.

• If any additional payment(s) has(have) been made, then the monthly minimum payment after month 18 would be lower than the projected NR payment.

• If the additional payment(s) equal the calculated buydown amount, then the payments after month 18 continue as the same amount as before month 18.

• If the additional payment(s) are greater than the calculated buydown amount, then the payments after month 18 continue smaller than the payment before month 18.

Paying more than the minimum after month 18

• All payments made in excess of the minimum required after month 18 go to reduce the principal balance of the contract.

• These payments will not change the required minimum monthly payment but will reduce the number of months until the contract is paid off, or at least reduce the size of the final payment.

Calculation example (assuming buydown):

Monthly Payment

Open

Open

(Concert) Level Pay

The Level Pay product functions exactly as EverOwn is described above. It is the EverBright RIC being sold by a partner’s brand.

(Concert) 12-3 Flex

The “Triple Flex” product is the same as Cash for the first 12 months - no payment is required but Homeowners are strongly incentivized to make payments as they will be applied directly to the principal. The first payment due date will be 395 days after the In-Service date. If the financed amount is payed in full during the first 12 months, all accrued finance charges will be waived.

This product re-amortizes 3 times - at 12, 24, and 36 months. Any additional payments made during the first 3 years will lower the future monthly payments, re-calculated at these re-amortization events.

Any payments after the third re-amortization event will first reduce any accrued finance charges, then the unpaid Principal balance, and may result in fewer total payments due over the term of the Agreement.

Flex Pay Facts

Homeowners are not required to make payments in the first 12 months of the system’s activation/ in-service date

All payments made within the first 12 months of the in-service date apply to principal (Same as Cash period). If paid in full within the first 12-month period, no interest is due.

Scenario: “I just received my first invoice. I have 12 months from now to pay 0 interest?”

The Flex Pay term began on your system’s in-service date of (add in-service date). That is the date your system began producing clean energy for your home. All payments from the in-service date through month 12 are applied to your principal balance, interest-free. If you pay in full within the first 12 months, you will have purchased your system same as cash.

Scenario: “I tried making payments before but you were unable to process my payment.”

You can submit payments online at www.myeverbright.com once you receive your first invoice.