N/A 8-K filed 2025 · insiderdelta

Item
5.02

Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

On
December 22, 2025, Greenbacker Renewable Energy Company LLC and certain of its affiliates (collectively, the “Company” )
and David Sher entered into a consultant agreement (the “ Consultant Agreement ”), pursuant to which Mr. Sher will provide
certain services to the Company following the end of his employment with the Company on December 31, 2025. Description of the services
is set forth in Exhibit 1 of the Consultant Agreement and covers certain fundraising activities and origination of investment
opportunities.

Compensation
for the provision of the services by Mr. Sher will be in the form of contingent payments representing no more than (x) the equivalent
of 5% of annual net revenues received by the Company in connection with Mr. Sher’s fundraising activities and/or (y) the equivalent
of 5% of annual net revenues received by the Company from approved investment opportunities originated by Mr. Sher. Details of such payments
will be set forth in separate engagement letters to be signed between Mr. Sher and the Company. Under no circumstances will the compensation
paid to Mr. Sher pursuant to the Consultant Agreement exceed $2,000,000.00.

The
term of the Consultant Agreement will end on July 1, 2027, unless otherwise (i) terminated as provided for under the Consultant Agreement,
or (ii) extended upon the mutual written agreement of the parties.

The
foregoing description of the Consultant Agreement and the transactions contemplated thereby is a summary and is subject to, and qualified
in its entirety by, the full text of the Consultant Agreement, which is expected to be filed with the Company’s next Current Report
on Form 10-K.
N/A Greenbacker Renewable Energy Co LLC - 8-K

Item 5.02 - Departure/Election of Directors or Certain Officers

Item 9.01 - Financial Statements and Exhibits
