EFTA01367286.pdf

Amendment #4 Page 857 of 868 1.0*..91.5.2983ofgo Paean currency ask Foreign currency flake the risk that the fair value or future cash floes of a financial instrument will fluctuate because of changes in foreign exchange rates Orcelt exposure to tip ink of changes in brew exchange rates rates pnmarey to the Company's operating actmbes (when revers* or expense is Oenannated in a deferent CUITerty from the Company's presentation currency) The Costa Rican colon is the main foreign currency used by the Company in its Vansactons The Costa Rica Central Bart is the entity responsible for manopng the nabonal banlong system and regutating the currency's panty to other currencies Buy and seal rates are estateshed by authorized financial I rstWors. according to motet supply and demand As or December 31.2014 and 2013. buy six' son rates for US doiters were c533 31 and 0545 53 (2013 0507 83 and 0495 01), repaid wok Below is a summery of monetary assets and bablites in foreign currencies, expressed in US dollars 2014 2013 Assets. Cash S 21,036 3 6.113 Accounts receivable 5,785 60 Prepaid expenses 3,960 — Prepaid sales taxes 7,163,071 — 7,184,612 6173 uabithes Accounts payable and accrued expenses 222,888 83079 Net monetary assets (labiate') S 6,961,724 (56,906) Sensotyty analysis The effect of a reasonable exchange rate vanabon between the Colon and the USS Cl •7%r -7% on the monetary assets and labirtes as of December 31. 2014 (2013' .1%1-1%), assumng that the ',memo variables are ba d constant.vocadd ace/ the recognition of pare or losses from exchange rate differences of US$517,262 in 2014 (2013. US$721). 222 Ligthlity risk The Company monitors its liquidly on a dart/ basis attempting to maintain greater Squid assets than liquid ladglies, corsidenng the maturity of its finance' assets It pedants cash lbw poectons on a periodic base in order to ferrety detect potential cash shortages or excesses to support its operatons The following table sommenzes the memory of the Corrpany's firercer lialalreee based on payment commitments As Of December 31, 2014 0 to 6 (Ho 12 More than Months months 1 year Total Wes and loans payable $ 625,855 S 1,759,383 $ 88,634,232 S 91A19,470 Accent-4 payable 123,044 — — 123,044 Accrued interest payable 693,229 — — 693,229 Accounts payable and accrued expenses 10,986,679 5.467 — 10,991,136 Restoration provision — 46,969 187,834 234,793 S 12,427,807 S 1.811,7•1 $ 88.822,066 S 103,081,672 F.537 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058814 CONFIDENTIAL SDNY GM_00204998 EFTA01367286