EMAIL DETAILS

Great, thanks Eric.


Michael


From: Eric Schwerin [mailto:eschwerin@rosemontseneca.com]
Sent: Monday, November 22, 2010 6:42 PM
To: Michael Huerta
Cc: 'Devon Archer'; 'Hunter Biden'
Subject: Re: Revised Term Sheet


Small typos.


On page 2, under 2., there is a stray "y" after Copper Crossing Project.


On page 3 of Exhibit A, in second paragraph of Shareholders Agreement and
Transaction Structure, "commitsthat" is one word and should be "commits
that".


Eric D. Schwerin

Rosemont Seneca Partners, LLC

1010 Wisconsin Ave., NW

Suite 705

Washington, DC 20007

(202) 333-1880

eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>

P Consider the environment before printing this email.


On Nov 22, 2010, at 6:19 PM, Michael Huerta wrote:


1) If IBR completes 5% of the construction by Dec 31 no matter what
Congress does this project will grandfather in and it will receive the cash
grant. If IBR doesn’t complete 5% we will lose the grant and the deal be
affected negatively. Presumably IBR has a plan for completing the 5% that
passes muster according to Treasury guidelines; waiting to see it, have been
told it is in Data Room.

2) 109.1mm is 49% of the price to develop both projects. CapEx for
both projects is ~225mm; we are paying 49% of development costs and sharing
in 49% of economics.


Also have some comments on the LOI, will send to the whole group.


Michael


From: Eric Schwerin [mailto:eschwerin@rosemontseneca.com]
Sent: Monday, November 22, 2010 5:52 PM
To: Devon Archer
Cc: Hunter Biden; mthuerta@gmail.com
Subject: Re: Revised Term Sheet


Couple of quick questions.


1) If the ITC isn't renewed by Congress will that affect the deal?

2) Is the price of $109.1m price the total price to develop both projects or
just our 49%? Or are we paying 100% of the development costs?


Eric D. Schwerin

Rosemont Seneca Partners, LLC

1010 Wisconsin Ave., NW

Suite 705

Washington, DC 20007

(202) 333-1880

eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>

P Consider the environment before printing this email.


On Nov 19, 2010, at 4:38 PM, Devon Archer wrote:


FYI please review


From: Abel Navarro Homet [mailto:abel@transatlanticeg.com]
Sent: Thursday, November 18, 2010 10:19 AM
To: Devon Archer
Subject: RV: Revised Term Sheet


This was sent to IBE yesterday


_____

De: Pio Mortera Nales
Enviado el: miércoles, 17 de noviembre de 2010 14:11
Para: Bakshi, Vikram
CC: Lorenzo Roccia; Castro Perez Manzuco, Jose Luis; Abel Navarro Homet
Asunto: Revised Term Sheet

Hello Vikram,


Please find attached a revised version of the Term Sheet for Alamosa and
Copper Crossing you sent. We have introduced some changes. Please, if you
have any comments or questions do not hesitate to come back to us. We look
forward to your feedback.


Best regards,


<image002.jpg>


Pío Mortera Nales

Ingeniero Industrial


c/ Serrano 26, 8º I

28001, Madrid, Spain

Teléfono: +34 91 781 91 16 - Fax: +34 91 431 42 01

Móvil: +34 600 574 212

e-mail: <mailto:pio@transatlanticeg.com> pio@transatlanticeg.com


<Revised term sheet for Alamosa and Copper Crossing mark up.DOC>