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Ace Portfolio
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THE ACE PORTFOLIO

By Solaris Renewable Equity A

Opportunity to invest in a portfolio of electricity generating solar projects.


UP TO 15%

Projected annual cash yield over life of portfolio*

Invest

What does it mean to invest in Solar?

Buy shares in solar energy projects and earn the profits from selling clean
power.

Learn more about the offering

*Annual dividends are hypothetical projections based on historic data, see more
below

Picture of Ace Portfolio Project




ACE PORTFOLIO

Operating solar portfolio equity offering of Solaris Renewable Equity A (aka the
Ace Portfolio, the Issuer).

ACE
equity
solar

Available To Purchase

$323,650

Days Left Til. Close

224

PRIMARY OFFERING STATUS

Target Funding Goal




Max Funding Goal

Est. Yield

UP TO 15%

Closing Date

MAY 1, 2025

Min Investment

$500

Max Investment

$250K

OPPORTUNITY TO INVEST IN A PORTFOLIO OF ELECTRICITY GENERATING SOLAR PROJECTS.

Shown below, Ace Portfolio is internally projected to deliver up to 15% annual
dividend yield.

 * Smooth line: average annual forecast.
 * Wavy line: quarterly dividend forecast showing seasonal variations from
   daylight and weather.

Detailed financials can be found in the Ace Portfolio Financial Model (click to
download). All assumptions available in the “Data, assumptions, and model”
below. The Ace Portfolio model is provided as a tool and should not be
considered investment advice or a guarnatee of returns. Investors are encouraged
to do their own research, analyze data for themselves, and make informed
investment decisions.

Ace Portfolio generates revenue via Power Purchase Agreements (PPAs) that set
fixed prices and buyers for electricity generated. All PPAs have at least 9
years remaining.


Overview
Deep Dive
Asset Details
More Info
Activity
FAQs
Discussion

DEEP DIVE

Highlights:

 * Immediate returns: Investors enjoy quarterly income distributions, with the
   first distribution scheduled for Q4 of 2024.
 * Contracted Long-term Revenue: These projects have been operating at 95%+
   contracted production since the mid-2010s, with fully contracted revenue
   streams ranging from 10 to 20 years in remaining length and options to extend
   many of the revenue contracts.
 * Diversified Portfolio: This portfolio includes 21 commercial-scale solar
   installations located across the United States.
 * Capital Structure: The Issuer intends to borrow between $1.9M and $2.3M of
   secured debt against the portfolio.

Internal projections show that the Ace Portfolio is projected to deliverUp to
15% annual dividend yield for the existing contract period, with seasonal
variations due to the length of daylight and weather.

Supporting details are available in the Data Assumptions, and Model section.

THE OFFERING

This offering is for equity interests in a newly formed entity, Solaris
Renewable Equity A LLC, also referred to as Ace Portfolio. This newly formed
entity will be managed by Solaris Energy, Inc. This is an opportunity for the
general public to take part in direct energy investing.

TARGET CAPITAL STRUCTURE

The Ace Portfolio will raise debt alongside its equity investment. The target
terms of debt are 6.75% interest rate, 24 year term, with debt service payments
sculpted to reflect the seasonality of revenue.



USE OF PROCEEDS

The Proceeds from this offering will be used to close the financing of the
portfolio purchase price from Solaris Investment Group, the Ace Portfolio's
prior owner and a financing partner to Solaris Energy, Inc. Proceeds from this
equity raise and a subsequent debt raise will be used to purchase the portfolio,
pay related transaction costs, and fund initial working capital.

ASSET DETAILS

Issuer

Financial Analysis

Team

Data, Assumptions, and Model

ABOUT SOLARIS ENERGY, INC.

Based in Fort Collins, Colorado, and grown from non-profit roots, Solaris
Energy, Inc. is an experienced, value-driven solar development, finance, and
asset management firm. Solaris Energy aims to provide solutions to
non-residential customers looking to reduce their environmental impact, increase
their bottom line, and participate in the worldwide shift to renewable energy.
Solaris Energy's dedicated team of passionate individuals has been providing
these services since 2008.

CONTRACTED REVENUE

Ace Portfolio revenue is contracted under set prices in Power Purchase
Agreements (PPAs) for at least the next nine years. On some projects, it is
contracted out for 19 years. The majority of contracted revenue is with trusted
purchasers such as universities, municipalities, community centers, and more.
Most contracts can be extended for another 5 to 10 years after the current
contracted term.

Review the Form C filing for more details on the contracts.

MAINTENANCE AND INSURANCE

This portfolio has been managed by Solaris Energy, the existing asset management
company. Solaris Investment Group has upgraded monitoring systems,
telecommunications equipment, and inverters. Projects in the portfolio are
insured.

ISSUER'S ANALYSIS

Detailed financials can be found in the Ace Portfolio Financial Model (click to
download). All assumptions available in the “Data, assumptions, and model”
below. The Ace Portfolio model is provided as a tool and should not be
considered investment advice or a guarnatee of returns. Investors are encouraged
to do their own research, analyze data for themselves, and make informed
investment decisions.

Solar Assets in the Ace Portfolio have been operating for over 6 years at 95%+
contracted production. Over the last 3 years, the assets produced an average of
over 3,000 megawatt hours annually.

Historical energy production performance available in the asset are available in
Asset Details under the Data Assumptions, and Model section.

Issuer's projections, available for analysis at Ace Portfolio Financial Model
(click to download), are developed using an analysis of past energy production,
current contracted revenue and estimated post-contract revenue.



Projections developed using Ace Portfolio Financial Model (click to download).
with all data and assumptions available in "Assumptions" section. Investors are
encouraged to do their own research, analyze data for themselves, and make
informed investment decisions.

Learn more about the assumptions that went into these projections in the Model
and Assumptions and analyze the data for yourself using the Ace Portfolio
Financial Model (click to download)

MEET THE MANAGEMENT TEAM

Alex Blackmer, Founder and Co-Owner of Solaris Energy Inc. has been involved in
energy design and construction since the mid-1980s and specifically renewables
since the industry's infancy in the 1990s. He has extensive knowledge of the
industry and in making projects a reality by providing solar project development
and financial services, which he has done since 2008.

Alex founded Solaris Energy, a for-profit finance and development solar energy
firm, and currently acts as CEO. In addition, Alex founded and currently acts as
Executive Director for the Atmosphere Conservancy, a non-profit solar finance,
and development firm that takes on projects for underserved clients that
otherwise might not find financing. Alex is also past president of the Colorado
Renewable Energy Society, a non-profit that has been advocating for solar energy
since 1994.

Nick Perugini, Vice President and Co-Owner of Solaris Energy Inc.,specializes in
non-residential solar and storage project sourcing, analysis, development, and
structured finance, while building strategic partnership alliances. He
contributes a diverse background and passion for solar and energy efficiency
(since 2008) built upon a lengthy business-to-business professional career. He
has led efforts in numerous operational solar projects across ten states. Nick
is the former Board Chair of the Colorado Solar and Storage Association (COSSA),
the solar and storage trade organization in Colorado. He is also the former
president of New Energy Colorado (NECO) an educational non-profit that manages
the Metro Denver Green Homes Tour and Solar CitiSuns.

Jessica Rawley, CFO and Co-Owner of Solaris Energy Inc., is a Financial and
Business Operations professional with 15 years' experience in start-ups, social
enterprise, small business, and non-profits. Her expertise is in financial and
business planning, legal and risk management, systems and process
implementation, accounting, and general business operations. Jes focuses on
building and capitalizing impact-driven companies. Prior to joining Solaris
Energy, Jes served as the Finance and Operations Director for SourceOne
Holdings, guiding the company through all the financial, operational, and legal
aspects of building a new company.

BACKGROUND DATA

 * Investment Deck (Link in Pitch)

 * Offering Model (Downloadable)

 * Historical Production Data (Downloadable)

MODEL

The Ace Portfolio Financial Model (click to download) projects the financial
performance based on the past three years of historical data on energy
production, historical operating expenses, contracts for energy prices (PPAs),
and anticipated post-contract revenues. Assumptions for all can be found below.

OPERATING THE MODEL

The model allows prospective investors to alter the assumptions that most
significantly impact returns: Energy Production and Operating Expenses.

ENERGY PRODUCTION AND REVENUE

The average energy production for each month of the previous three year period
was calculated for each asset in the Ace Portfolio. This average was then used
as the “Baseline” to project future energy production, but assumes the industry
standard .5% annual degradation. In other words, each year the model assumes
that the solar assets produce .5% less than the previous year. This analysis
does not take into consideration potential changes to weather conditions.

When using the model, you can adjust energy production up and down from the
baseline and see the results of your changes. Select the drop-down (Cell C6) on
the dashboard page next to “Solar Production Factor”. Select adjustments to
baseline, for example, “+2%” will show model results when energy production is
2% higher than baseline. It is uncommon to see annual shifts in solar production
of more than a couple percentage points.



These assumptions impact revenue by multiplying the projected energy generated
by the price indicated in the already-signed PPAs. The table below shows all the
different PPAs, the years remaining, and the price of energy. Each year, the
projects' price escalates, as indicated in the “Annual Price Escalation” Column.
The portfolio has a weighted average escalation of 1% per year which is used in
the model.

Project/ContractYears Remaining on PPAPPA Rate '24 $/MWhHistorical Avg Annual
Production MWhCapacity (in KWs)Annual Price EscalationPercent of Total
PortfolioProject 110169218.2142.72.75%7.1%Project
211180266.8198.30.00%8.6%Project 3111501325.59960.00%42.9%Project
41216945.333.53.50%1.5%Project 5132759.646.61.50%1.9%Project
619130344281.72.50%11.1%Project 7976367.5253.52.97%11.9%Project
814159238.4204.20.00%7.7%Project 919118223148.82.00%7.2%

After the contract period, it is assumed the projects will continue selling
electricity at their previously contracted rate for the project's life for
escalating PPAs and at a 2.5% yearly increase for those not escalating.

All assets in the Ace Portfolio are assumed to have a 35-year lifespan.

OPERATING EXPENSES AND COST

The average operating expenses for each month of the previous three-year period
was calculated and then used as the “Baseline” to project future energy
production. A 2.5% yearly escalation rate on operating expenses is assumed.
These costs include standard operations and maintenance costs (O&M), asset
management fees, subscriptions for asset management software, 'reactive O&M,'
insurance, taxes, and utility expenses.

When using the model, you can adjust operation expenses up and down from the
baseline and see the results of your changes. Select the drop-down (Cell C7) on
the dashboard page next to “Operations Expense Factor”. Select adjustments to
baseline, for example, “+5%” will show model results when operation expenses are
5% higher than baseline.



NET PRESENT VALUE

The NPV of future cash flows is determined using the Discounted Cash Flow or DCF
methodology. The NPV is calculated by discounting all projected future cash
flows from energy sold at an unleveraged hurdle rate of 10.5%.

DEBT

Debt capital is a key component of the transaction to acquire the Ace Portfolio.
This debt capital raise assumes a principal between 1.9M and 2.3M (depending on
the outcome of the equity raise), with a 6.75% interest rate and a 24-year term.
The debt service is shaped based on projected revenues using a Debt Service
Coverage Ratio (Cash available for debt service/ Debt service) between 1.35 and
1.6. This is a conservative approach compared to the industry average of 1.3.

FULL ASSUMPTIONS

Please see the complete list of key assumptions below:

 * Equity: Managing Member, Solaris Renewable Assets, retains a minimum of 10%
   equity ownership
 * Fixed Expenses: $35K/ yr Asset Mgmt and Preventative O&M costs
 * Debt: Senior Portfolio Debt sized according to DSCR 1.35-1.60 Targeting
   1.9M-2.3M
 * Projects: 35yr project life
 * Projects: Contracted life between nine and 19 years as specified on the chart
   above
 * Revenue: Production Based on 2021-2023 Actuals
 * Revenue: 0.5% Annual Production Degradation
 * Revenue: Merchant rate at last contract amount if escalating
 * Revenue: Merchant Rate 2.5% from initial if non-escalating
 * Revenue: Projects 2 and 3 assume no escalation for merchant rate
 * Expenses: A $100K working capital account is modeled for unforeseen capital
   expense
 * Expenses: Insurance escalated 3% annually from 2023 amount
 * Expenses: All other reactive expenses taken from 2021-2023 actual transaction
   report
 * Expenses: Averaging 2021-2023 Annual OPEX for Utility, Taxes and other
   Expenses
 * Debt: 6.75% all-in rate, $100K fixed fees, $1K annual recurring
 * Debt: Debt Service Reserve of 6 months
 * Equity: targeted ~12% year one leveraged Equity Yield
 * Financial Service Fees: 5% Broker fee, 2.5% Dividend recurring fee modeled
   into assumptions
 * Unlevered hurdle rate for NPV calculation of 10.5%

Contact Us

To request more in-depth data, please contact us. Your investment in
sustainability starts here.



ADDITIONAL DETAILS

Secondary Market

Risk Factors to Consider

The private secondary market for the Ace Portfolio will be open shortly after
the primary offering is closed. There is no guarantee of any secondary market
liquidity in the future and your investment may remain illiquid. However,
Solaris Energy, Inc plans to purchase shares in the secondary market as well as
regularly submit tender offers to acquire shares from investors.

Ace Portfolio will utilize a call auction-style secondary market. At regular
intervals, an auction will take place (i.e Fridays at 3PM). The interval of
auctions for this offering will be announced at a later date. In between
auctions, investors can place bids on shares and post shares for sale. Once the
auction time arrives, bids are blindly matched with one another in an SEC
registered Alternative Trading System.

Due to regulatory restrictions, non-accredited investors will only be able to
sell shares and cannot buy shares on the secondary market within the first 12
months after the offering closes. After 12 months have passed, any individual or
entity, regardless of accreditation status can buy or sell in the auction
process.

Although revenues are contracted and the assets in the Ace Portfolio have a
history of stable production of over 95%, no investment is without risk.
Investors are encouraged to do their own research on the asset class and analyze
the data given.

FACTORS TO CONSIDER:

 * Business Risk: Equity investments carry a higher business risk than debt
   investments. No returns are guaranteed. Neither the issuer nor its
   intermediaries make any promises, warrants, or guarantees of the financial
   performance of the Ace Portfolio.
 * Liquidity Risk: Investing in alternative infrastructure assets is unlike
   investing in public equities, such as stocks traded on national exchanges.
   Liquidity, or the ability to sell securities to a counterparty at a
   reasonable price, is not guaranteed - there is no guarantee of any secondary
   market liquidity in the future and your investment may remain illiquid.
 * Operating Expense: This is the largest variable in projected returns. A solar
   facility's operating expenses can be variable. Components may fail or be
   damaged, or require excessive maintenance and troubleshooting. Today,
   insurance in the solar industry is undergoing a massive reevaluation of
   premiums in light of recent large climate-related claims on projects
   unrelated to those by Solaris or the Ace Portfolio. The escalation of
   insurance premiums may outpace the modeled 3% annually. These factors may
   significantly increase operating costs beyond the modeled historical
   averages.
 * Energy Production: Energy production varies by three means, irradiance,
   weather, and degradation. Irradiance varies seasonally with the day's length
   and the sun's angle. This variation is well understood and modeled accurately
   and is not a material risk factor. Weather is a substantial driver in energy
   production as cloud cover and unforeseeable factors such as smoke from
   wildfires and soiling from dust events affect the energy generated. If cloud
   cover exceeds the historical averages, production will be lower, and the
   return to equity will be less than what is modeled. Conversely, less cloud
   cover than historic averages will enhance output beyond what is modeled.
   Degradation is the third driver in energy production. Solar panels degrade a
   small amount yearly as the equipment 'wears down.' The industry standard
   assumption for the amount of degradation is .5% annually. If the actual
   degradation of the solar panels in the Ace Portfolio is greater, equity
   returns will be impacted.
 * Counterparty Risk: Although revenues are contracted, the risk exists that the
   contracted entities do not pay. This is known as counterparty risk. The Ace
   Portfolio has a strong payment history, with over half of the contracted
   revenues for the Ace Portfolio being with an 'Investment Grade' purchaser.
   Counterparty risks between the power off-takers and other intermediaries such
   as insurance providers, O&M contractors, and payment distribution.
 * Net Present Value: The Ace Portfolio, its acquisition, and this offering are
   valued using a Discounted Cash Flow (DCF) analysis of the Net Present Value
   (NPV) of future projected cash flows using an unleveraged hurdle rate of
   10.5%. As cash flows are received, fewer future cash flows are available,
   which has a long-term decreasing effect on the overall equity valuation in
   the portfolio. This effect is not pronounced in the near and midterm as a
   declining debt balance counteracts this. The valuation of the Ace Portfolio
   is made assuming it has ZERO equity value at the end of the project's life;
   in this case in the year 2053.
 * Depreciation: Assets within the Ace Portfolio will experience depreciation as
   they approach the end of their useful life.
 * Option to Purchase: There exist outstanding Option-to-Purchase agreements on
   all of the projects in the Ace Portfolio with the current respective power
   purchasers. The option-to-purchase includes a contracted termination value
   payable upon purchase by the power purchaser. Should this purchase option be
   exercised, equity holders will be paid proportionally to their holdings at
   the time of the transaction and future returns will be impacted.
 * Debt Terms Risk: The model assumes debt with a specific interest rate and
   term, as stated above. Different fees and interest rates than these will
   materially impact investor's projected returns.
 * Management Risk: The Team at the helm of the Ace Portfolio has over 15 years
   of experience owning and operating solar projects and assets such as these;
   however, as with any infrastructure asset, Investor Members face the risk of
   mismanagement by the Managing Member. Investor Members rely on the Managing
   Member to serve all members and the Asset's best interests. Investor Members
   are passive investors in the Ace Portfolio and do not have operational
   influence (they can only influence major decisions). The risk exists that the
   Managing Member using their best judgment, may make operational decisions
   that may negatively affect returns. The Managing Member may make decisions
   that do not align with Investor Members' opinions.
 * Climate Change: The planet is undergoing a 'climate crisis' affecting nearly
   every industry, sovereign government, and asset class. Predominantly climate
   change has broad-reaching effects on weather and climate. The long-term local
   impacts of climate change are tough to predict with any degree of accuracy.
   For example, the effects of climate change may cause an increase in cloud
   dust and or smoke cover for the assets in the Ace Portfolio. This may cause a
   decrease in projected yield. Climate change risks include losing one or many
   assets in the Ace Portfolio through a convective weather event such as hail
   or tornado damage. The assets in the Ace portfolio are insured for their
   value, but a total loss from a convective weather event would significantly
   impact returns.
 * Inflation: In recent years, leading up to and exceedingly after the 2020
   pandemic, sovereign-backed fiat currency administrators have undertaken loose
   monetary policy to bolster economic growth. This has resulted in dramatic
   inflation rates across fiat currencies globally. All contracted revenues on
   the Ace Portfolio are in United States government-backed fiat, USD. The US
   Federal Reserve has indicated intentions for continued loose monetary policy
   of Quantitative Easing by the end of 2024. Continued loose monetary policy
   and inflation may contribute to devaluing contracted revenues associated with
   the Ace Portfolio. Inflation may also increase operating expenses beyond what
   is modeled. The effects of such devaluing of fiat currency from inflation are
   not modeled.

ACTIVITY

ActionDateTransaction

Offering Created

Jul 1, 20240x4703...d5bc

Offering Created

Jul 1, 20240x6cb2...19e6



FAQS

What is Reg CF?
Reg CF or Regulation Crowdfunding, allows companies to offer and sell up to $5
million of their securities without having to register the offering with the
SEC. Crowdfunding refers to a financing method in which money is raised through
soliciting relatively small individual investments or contributions from a large
number of people. With Regulation Crowdfunding, the general public now has the
opportunity to participate in the early capital raising activities of start-up
and early-stage businesses.
Can I invest in a Reg CF offering?
Anyone can invest in a Regulation Crowdfunding offering. Because of the risks
involved with this type of investing, however, you are limited in how much you
can invest during any 12-month period in these transactions. The limitation on
how much you can invest depends on your net worth and annual income.
What are my investment limits?
If you are a non-accredited investor, then the limitation on how much you can
invest depends on your net worth and annual income. If either your annual income
or your net worth is less than $124,000, then during any 12-month period, you
can invest up to the greater of either $2,500 or 5% of the greater of your
annual income or net worth. If both your annual income and your net worth are
equal to or more than $124,000, then during any 12-month period, you can invest
up to 10% of annual income or net worth, whichever is greater, but not to exceed
$124,000.
What is an accredited investor?

   An individual will be considered an accredited investor if he or she:

 * earned income that exceeded $200,000 (or $300,000 together with a spouse or
   spousal equivalent) in each of the prior two years, and reasonably expects
   the same for the current year.
 * has a net worth over $1 million, either alone or together with a spouse or
   spousal equivalent (excluding the value of the person's primary residence and
   any loans secured by the residence (up to the value of the residence)), OR
 * holds certain professional certifications, designations or credentials in
   good standing, including a Series 7, 65 or 82 license.

Who is Texture Capital?
Texture Capital Inc. is a FINRA Member broker dealer engaged by the issuer to
act as onboarding agent for this offering. We will conduct 'Know Your Customer'
'Identification' and 'Anti Money Laundering checks on all investors. In addition
we have conducted due diligence on the issuer to ensure they are a registered
business in good standing, and that the principals are not considered Bad
Actors. While we have conducted certain due diligence, our participation does
not represent an offer or solicitation to buy the securities. Texture Capital
does not make recommendations regarding asset allocation, investment strategy or
with respect to purchase or sale of any specific securities. To help you better
understand Texture Capital's services please consult our Form CRS (Customer
Relationship Summary), which may can be found atwww.texture.capital/crs
What are the risks associated with this offering?
Crowdfunding securities offerings are not registered with the SEC and are
considered highly speculative. For a full discussion of the Risk Factors please
refer to the Offering Memorandum / Form C.
Where can I direct additional questions about the investment application and
process?
For questions about the investment application and process please contact
onboarding@texture.capital or call +1 646 979 8558 and select option 9.
I have some questions about the offering. How do I communicate with the Issuer?
Prospective investors with questions about the company or its product or the
offering should submit their questions in the Discussion section of the
investment website. This is a public forum where valid questions will be
displayed for all to view, with responses clearly tagged with who the response
is from.

Purchase

Sell

Shares to purchase



$-

ACE

Login

View Form CView Offering Circular

PROJECTED YEAR 1 YIELD


UP TO 15%

Learn more


Tax Benefits

Up to 87.5% of investment available as loss to offset applicable income.





Max Offering Size

$900K



Share Price

$10



Funding Goal

$350K



Distributions

Quarterly



Liquidity

Auction Based

Learn more

OFFERING DOCUMENTS

SREA Offering Circular

Form C

Subscription Agreement

Operating Agreement

Investment Deck (Link in Pitch)

Offering Model (Downloadable)

Historical Production Data (Downloadable)

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Regulatory Disclosure

Securities are offered through Texture Capital Inc, a FINRA member broker-dealer
and operator of an SEC-registered Alternative Trading System. Plural Energy and
Texture Capital are separate, unaffiliated entities and website is subject to
certain disclaimers that can be viewed on the Plural Energy website.

This website does not represent an offer or solicitation to buy or sell
securities. Neither Plural Energy nor Texture Capital makes recommendations
regarding asset allocation, investment strategy or with respect to purchase or
sale of any specific securities. Potential buyers or sellers of any securities
made available through this website should seek professional advice prior to
entering into any transaction or be professionals themselves. Please refer to
www.texture.capital/risks for important additional risk disclosures. To help you
better understand Texture Capital's services please consult our Form CRS
(Customer Relationship Summary), which may can be found at
www.texture.capital/crs.

Private securities offerings are not registered with the SEC and are considered
highly speculative. These securities are neither approved nor disapproved by the
SEC or any other federal or state agency, nor has any regulatory agency endorsed
the accuracy or adequacy of these investment opportunities or any offer or
solicitation made to buy or sell the securities. An investment in private
securities is speculative, involves a high degree of risk and may result in the
loss of your entire capital contribution. Investors must be prepared to bear the
economic risk of their investment for an indefinite period of time and be able
to withstand a total loss of their investment. Potential investors are strongly
advised to consult their legal, tax and financial advisors before investing.

Texture Capital: The Business Continuity Plan | Privacy Policy | FINRA
BrokerCheck

Past performance may not be indicative of future results. Different types of
investments involve varying degrees of risk, and there can be no assurance that
the future performance of any specific investment, investment strategy, or
product made reference to directly or indirectly in this offering will be
profitable, equal to any corresponding indicated historical performance
level(s), or be suitable for your portfolio. Due to various factors, including
changing market conditions, the content may no longer be reflective of current
opinions or positions. Moreover, you should not assume that any discussion or
information contained in this offering page serves as the receipt of, or as a
substitute for, personalized investment advice from Plural Everything Inc. or
any of its Subsidiaries, Solaris Energy Inc. or any of its Subsidiaries, Solaris
Investment Group LLC or any of its Subsidiaries, Texture Capital, Inc., or any
other affiliated entities or partners of the aforementioned entities. To the
extent that a reader has any questions regarding the applicability of any
specific issue discussed above to their individual situation, they are
encouraged to consult with the professional advisor of their choosing.

Debt terms are hypothetical and have yet to be formally contracted with lenders.
Solaris Renewable Equity A intends to engage with lenders upon closing the CF
deal. Debt assumptions are provided from Solaris Renewable Equity A's capital
market advisors. This image also assumes a fully funded Reg CF offering.
Offering size can vary between $300K and $900K and would impact capital
structure.