EFTA01366507.pdf

Amendment #4 Page 78 of 868 Isfilt.fft.Cefft.gui foreign exchange rate fluctuations trio imposition of currency canvas and restrictions on repatnabon of earnings and cash, nationalization or other expropnaton of private enterprises arc land, proteaonist and other adverse ',Joke policies, incluarg local content requirements, import/export tariffs, increased regulations or captal investment requuements • unexpected changes in laws or ed°teemed practices colliding those relating to land use regulations and permitting regiremeNs, taxation policies and/or the regulatory or legslavve environment in the countnes n whichwe operate, Indio:kg reducbore to renewable power incentwe programs or charges in renewable power pacing policies. possibly with retroactive effect • measures resbicbng the ability of as facilities to access the grid to deliver electnoty at certain times or at all. • the corrperatve cost d other sources of energy. • lancer sales and payment cycles and greater difficulty collecting accounts receivable • nubbly toottan ade(pate financing on albactrve terms and conditons. • diffiCUty n developing any necessary partnerships with kcal businesses on corm eroally acceptable terms and/or laxly 'decaying, attractng and rel.." nng qualified letchScal and other personnel. • &oily competrg against competitors who may have greater financial resources endow a more effective or established localized business presence. • riternational business practices that may cortect with other customs or legal requirements to whch we are embed including anti-briery and anti-corruption laws • any cb.vngradrog of the sovereign debt ratrgs d the countnes n wt*ch we operate by an rternatorel rating agency. • realty to obtan. maintain or enforce intellectual property tittle, and • berg subject to the jurisdicton of costs other tan those of Me United States. includro uncertainty of judicial processes and *faculty enforcing contractual agreements or Judgments in foreign legal systems or rcurnng additional coats to do so. For example. Thailand was assessed as a high conical nsk by AON Potosi Posit, a risk management nsurarce and consulting firm In May 2014. Ireland experienced a coup d eta (towing which martial tau was enlaced for needy a year. A succession crisis could cause increased instability and unrest, arc the government could repeal certain incentives each project receives utter Board of investment promccon Moreover, the Brazilian government has exercised and continues to exercise sir:eternal inftuence over many aspens of ire Damien economy The Branlen government s actions to control nilaton and other policies and regUat ions rave oxen mowed, among other measures Psq interest rates wage and price controls currency devaketions capital controls are Inns on imports. These types of risks and uncenaintes, many of which are beyond our control, could nave a material adverse effect on our [tsetse financial condi:tn, results et operations and cash flows Additionally. °erg bupness in new international markets will recaure us to be able to respond to rapid changes in the partici/at market, legal, social are polecat conditions in these countnes We may not be able to timely develop and rnplement policies and strategies that will be effective in each international jurisdiction where we may decide to conduct business, which could have a material adverse effect on our business, financial condition, results of operations and cash flows 70 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-0058035 CONFIDENTIAL SONY GM_00204219 EFTA01366507