Investor Presentation

Developer fees flow through the Cash Flow Statement As the operating portfolio scales, cash flows from Operating Projects will begin to rise Operating Activities Overhead Operating Projects Other Income Financing Activities Project Financing Corporate Financing Investing Activities Net "Developer fees" run through the cash flow statement as the difference between financing and investing activities, adjusted for corporate funding UGE TSXV: UGE | OTCQB: UGEIF 25 45

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