Definitive Settlement Agreement SignedSettlement Agreement • January 16th, 2024 • Alternus Clean Energy, Inc. • Electric & other services combined
Dublin, Ireland – 12 January, 2024 – Utility-scale transatlantic clean energy independent power producer (IPP) Alternus Energy Group Plc (OSE: ALT) (“AEG”) today announces that it and its majority owned subsidiary, Alternus Clean Energy, Inc. (Nasdaq: ALCE) (“Alternus”), entered into a settlement agreement with Nordic ESG and Impact Fund SCSp and AVG Group S.a.r.l., now known as Greenlight Group (www.greenlightgroup.io), pursuant to which Alternus issued to AVG 7,765,000 shares of ALCE restricted common stock as full and final payment of AEG’s €8m senior note.
SETTLEMENT AGREEMENTSettlement Agreement • January 16th, 2024 • Alternus Clean Energy, Inc. • Electric & other services combined • New York
This Settlement Agreement (this “Agreement”), dated as of January 11, 2024 (the “Effective Date”), is entered into by and between Nordic ESG and Impact SCSp, a special limited partnership formed under the laws of Luxembourg (“AVG”), AVG Group S.a.r.l., a private limited liability company formed under the laws of Luxembourg and the general partner of AVG (the “General Partner”), Alternus Energy Group Plc., a public limited company incorporated under the laws of Ireland (“AEG”), and Alternus Clean Energy, Inc., a Delaware corporation (“ALCE”). Together AVG, the General Partner, AEG and ALCE may each be referred to as a “Party”, and together constitute the “Parties.”
