Spark Energy Tax Receivable Agreement

On March 7, 2018, Spark entered into an agreement with National Gas &Electric, LLC (“NG&E”), a subsidiary of Retailco, LLC, the company`s majority shareholder, to acquire approximately 50,000 RCEs for approximately $12.5 million in cash. The transaction, which has been reviewed and approved by a special committee made up of independent members of the company`s Board of Directors, is expected to close in April this year. our operating performance compared to other listed companies in the energy retail sector, regardless of financing methods, capital structure or historical cost base; On August 1, 27, 2014, the Company entered into a registration right agreement with NuDevco Retail and NuDevco Retail Holdings (a predecessor of Retailco) to register for sale under the Securities Act, in the circumstances described below, the Class A Shares delivered in exchange for common shares of Spark HoldCo (as well as an equal number of Class B Common Shares). Retailco was a party to this agreement in connection with the transfer of its 21,225,000 Class B common shares and an equivalent number of common shares of Spark HoldCo by NuDevco Retail Holdings to Retailco in December 2015. This Agreement gives NuDevco Retail and Retailco, as holders of registration securities, the right, under the Agreement, to require the Company, at its own expense, to register from time to time shares of the Company`s Class A common shares that may be issued in the exchange of Spark HoldCo units (with an equal number of Class B common shares) for Class A common shares. Spark Energy, Inc. is an independent retail energy services company. The company offers individuals and businesses in the United States an alternative for their natural gas and electricity. The company is present in two segments: Retail Natural Gas Segment and Retail Electricity Segment. It operates in about fifty supply zones in more than 20 states and has about 328,000 private customers and more than 19,000 commercial customers, or about 415,000 credits for renewable energy (RCEs). Das Unternehmen bedient Erdgaskunden in über 10 Bundesstaaten, darunter Arizona, Kalifornien, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, Ohio und Pennsylvania sowie Stromkunden in über neun Bundesstaaten, darunter Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania and Texas.

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