Greenbacker Renewable Energy Co LLC

Definitive proxy

The Compensation Committee considered the framework described in the below table to determine Mr. Wheeler’s 2023 annual bonus.

Bonus Factor	Performance Objectives	Results		Weighting	Threshold Bonus (50%)		Target Bonus (100%)		Maximum Bonus (200%)
Adjusted EBITDA	Threshold: $56 million Target: $70 million Maximum: $84 million	$	31.8 million	30%	$	75,000	$	150,000	$	300,000
360 Performance and Management Review	Meets Expectations (2) Often Exceeds Expectations (3) Set a New Standard (4)	Often Exceeds Expectations (3)		30%	$	75,000	$	150,000	$	300,000
Objectives and Key Results	Objective 1 (20%): Generate EBITDA Growth in the IPP side of the business	0%		40%	$	100,000	$	200,000	$	400,000
	Objective 2 (20%): Build GCM into a significant contributor to GREC’s EBITDA by Increasing Investment Management Revenues	38%
	Objective 3 (20%): Improve Productivity at GREC by implementing a robust budget to actual process and adopting new technologies to gain efficiencies	100%
	Objective 4 (20%): Adopt best practices in our corporate governance approach, reflecting who we are and consistent with our values	0%
	Objective 5 (20%): Develop 3 Year Strategic Corporate Plan	75%
Total				100%	$	250,000	$	500,000	$	1,000,000

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