2.2.3 Comisión Federal de Electricidad Transformation (CFE

PROSPECTUS INFORMATION FOR ADITIONAL STRATEGIC INVESTORS

ENERMAS LATINOAMÉRICA as Manager may provide access to White Papers documenting Investment Process implementation to Investment Committee members and/or External Auditors who so request, as described in section “III. Transaction Structure - 5. Issuance

and Protection General Policies of Shareholders Interests - 5.2 Protection Mechanisms

for Shareholders Interests / Corporate Governance - 5.2.2 Investment Committee” of this Prospectus.

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4.7 DIFFERENTIATORS AND COMPETITIVE ADVANTAGES.

ENERMAS LATINOAMÉRICA brings together experience, knowledge and proven talent to ensure Private Equity Investments success in energy, environment and infrastructure sectors: Professional team with combined experience in Private Equity Investment Funds management, companies’ operation, successful projects’ creation and interlocution with regulatory authorities. In-depth knowledge of energy, environment and infrastructure sectors and talent for integrating multidisciplinary teams that have allowed us to develop analysis techniques and methods. Fund Corporate Governance composed of independent members with international recognition specialized in energy, environment and infrastructure sectors. Structure aligned with value generation for Series “B” Shareholders; with Return based on the guaranteed Net Rate and/or Investments existing possibility through a mechanism that simultaneously guarantees Series “B” Simple Bonds buyback to their Shareholders. Alliance with Strategic Partners with international recognition specialized in energy, environment and infrastructure sectors. Agreements with various operators in energy, environment and infrastructure sectors. Robust organizational structure that allows an adequate analysis, structuring, monitoring and optimal exit design for potential investments. Partnership model, as opposed to a patrimonial approach, which allows for a dynamic leadership team incentivized during Fund lifetime.

ENERMAS LATINOAMÉRICA has an organizational structure to manage, control and support Investments operation based on three pillars, namely:

Management

Investment Management: - Promotion. - Asset Performance - Monitoring. - Risk Assessment.

Regulations and Transparency: - Corporate Governance. - Reporting (Investment - objectives valuation and justification). - Periodic Assessment performance.

Control Asset support and operations.

Investment Committee.

Accounting and Reporting. Cash Management.

External Auditor. Transactions monitoring of each investment of private equity investment fund.

PRIVATE EQUITY INVESTMENT FUND AS A DEBT INSTRUMENT

Management

Investments creation, monitoring and analysis: - Market Analysis. - Return Assessment. - Contractual Covenants. - Placement. - Exit Strategy. PRESENTATION

Control Asset support and operations.

Series “B” Shareholders

Meeting.

Co-investment and Transaction of Promoted Projects.

Fund’s Corporate Governance bodies include independent members’ participation that will contribute to robustness decisions and Investments adequate follow-up.

Expected Investments returns come from Human Asset different capabilities that supports ENERMAS LATINOAMÉRICA, methodologies that have been developed and procedures used by them. This allows generating, analyzing, structuring, monitoring and divesting transactions related to projects in energy, environment and infrastructure sectors. Among advantages in each potential sector to be invested in, the following stand out: Global value chain knowledge. Business models design and evaluation. Economic and risk analysis. Regulations and fiscal frameworks understanding. Innovative contractual schemes conceptualization and execution. Project Management. Financial, operational and organizational resources optimization.

These advantages have facilitated capabilities development that is useful to minimize risks inherent to investments in energy, environment and infrastructure sectors, due to the experience in: Contracting strategies and agreements Development. Governmental Authority Interaction. Negotiation and closing of EPC (Engineering, Procurement and Construction) lump sum Agreements. Partner relationship management and financial structures optimization.

A competence set developed by ENERMAS LATINOAMÉRICA team implies a competitive advantage to invest in an adequate way in energy, environment and infrastructure sectors.

Capabilities generated are reflected, among others, in our own methodologies development that have been applied in a rating of fields and blocks that will be bid as a result of Energy Reform, which has technical, economic and information considerations. This helps to mitigate risks that may arise from investing in assets and/or projects in energy, environment and infrastructure sectors.

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