Alterra will receive proceeds from the loan facility in three tranches.

Tranche A, C$67.3m on or before August 15, 2014. Tranche B, C$21.5m, at or after the closing of construction financing for the 62MW Jimmie Creek hydro project, subject to certain agreed conditions.

Tranche C, C$21.2m, at or after the closing of construction financing for the 204MW Shannon wind project, subject to certain agreed conditions.

Alterra,