Common use of Host Customer Clause in Contracts

Host Customer. The related Host Customer satisfied SolarCity’s Credit Underwriting Policy at the time of origination, or if such Host Customer is an MHPI SPE, then at the time of origination, such MHPI SPE (i) had an investment grade credit rating and its base was not on a Defense Base Closure and Realignment Commission (“BRAC”) list of bases and military installations recommended to be closed or (ii) if such MHPI SPE is unrated, its base was not on a BRAC list of bases and military installations recommended to be closed and, Kronor Loan Agreement – Appendices Appendix 3 - 1 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. upon review of the financials of such MHPI SPE for the past three years (i.e. the last two audited financials) the revenues to cash operating expenses ratio was at least 1.75x in each period and interest and principal on any MHPI SPE bond was current and not in technical default.

Host Customer. The related Host Customer satisfied SolarCity’s Credit Underwriting Policy at the time of origination, or if such Host Customer is an MHPI SPE, then at the time of origination, such MHPI SPE (i) had an investment grade credit rating and its base was not on a Defense Base Closure and Realignment Commission (“BRAC”) list of bases and military installations recommended to be closed or (ii) if such MHPI SPE is unrated, its base was not on a BRAC list of bases and military installations recommended to be closed and, Kronor Loan Agreement – Appendices Appendix 3 - 1 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. upon review of the financials of such MHPI SPE for the past three years (i.e. the last two audited financials) the revenues to cash operating expenses ratio was at least 1.75x 1.756x in each period and interest and principal on any MHPI SPE bond was current and not in technical default.