BEP · Brookfield BRP Holdings (Canada

The Brookfield Renewable Restricted Unit Plan, amended and restated effective January 30, 2026, serves to incentivize retention and alignment of non-Canadian officers and employees with BEP unitholders by granting Restricted Units, which are limited partnership units held in trust. Awards can replace cash bonuses (vesting immediately), provide discretionary pay, or attract new hires, with quantities determined by dividing allocated dollar values by the volume-weighted average NYSE price over five days before the Award Date. The Committee sets terms, including vesting (typically 20% per year over five years unless accelerated), and oversees administration, delegating to Management as permitted. Units are acquired by the Trustee under BEP's normal course issuer bid, with Brookfield Renewable bearing purchase costs and participants covering sale expenses. Distributions on unvested units are paid in cash to participants net of taxes but clawed back if termination precedes vesting, while vested units transfer to personal custodial accounts. This structure promotes long-term commitment without immediate dilution, as units are sourced from existing buybacks.