EFTA01367285.pdf

Amendment #4 Page 856 of 868 ably of tor establishment of a reforestation plan, mairtaining a log of emnronmertal rcidents, proper rrenagernent of waste materials and suomneon of eneronmertal compliance reports penoclicalty to Serena. among otters Ire Company has a guarantee with Banco Nacional oat Costa Rica of USS9200C0 21.3 Power plane construction The Company entered into an EPC agreement with Gamesa (Note 1) for a total price of USS95,342.713 (Note 1) As of Decanter 31. 2014 Oro& red peed Garresa an amount of USS75.906.527 (2013 US514.193.096). which is included under intangible assets. 22. Financial risk management objectives and policies The Company s main financial instruments are cash, accounts receivable notes and loans payable. accounts payable and accrued experGes and denvatwe finance' rstrumerts The main purpose of these fnanoal instruments is to manage cash flows std raise financing for the Company's capital needs The Company is exposed to market and liquidity netts The Company's senor Management oversees the management of Mese risks 22.1 Mirka? flak Market risk a the nsk that the far value Cl future CaSh flOwS of a financial instrument will fluctuate because of charges in market prices Market risk compose wee types of risk interest rate nsk currency risk and other puce tusk such as equty price risk and commodly risk Signitcart market risks &Nang the Company's financial statement are foreign currency risk and interest rate ink interest rage risk interest rate nsk is the flak that the fat value or future Cash flows of a financial instrument will fluctuate because of changes in market interest rates The Company's exposure to the risk of changes in market interest rates relates pornarty to the Company's longterm debt obligahons with Iloaang interest rates Orosl's exposure to the nsk of changes in marker interest tales is primarily related to the Company's debt obl cations wth floating nearest rates. T re Company's exposure to be risk of changes in market interest rates is permref related to the Company's debt °Ovations wan floating interest rates To manage the, the Company execs into interest rate caps (Note 11), in vetch a racemes, at speofed OtelValg, the dfference between me cap rate and variable rate interest amounts (only in case; where the variable rate is higher), calculated by reference to an agreed-upon notional principal amount As of the dates of the statements of financial posed. the interest tale profile of the Company's interest-bearng financial instruments was as follows 2014 2013 Fixed rate instruments Finance] !abides (70,369,130) 5 230,000 Variable rate instruments Financel assets 6.542.455 S 5196,136 FinancallialsktieS 126.339,869) (3 314600) 110.707.4141 5 2381,531 F.536 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-0058813 CONFIDENTIAL SDNY GM_00204997 EFTA01367285