EFTA01367016.pdf

Amendment #4 Page 587 of 868 1 ably t Contrni‘ 5. Bank loans Long-tem bank loans comet of the forming December 31, 2013 2014 uss US$ Long-term bank loans Loans from Stardardthartered Bank 40,932 37,265 Loans from Mreheng Baia 39,991 32,345 80,873 69,610 Lees anent paten (10809) (41,514) Total long-term bark loans 69.884 28.036 In May X09 Kenton Baotou entered into a 12-year RMB330 mem (USSS4 nation) loan agreement weh China Minsheng Bank at a hosing interest rate of the five-year RMB benchmark loan rates as outlined by P90C plus an seta one, surcrerge ot 10%01 the interest rate per annum Tne loan is pledged by the bank account used for accounts receivable collection, accoures receivable, property, pant and equipment, and land use nal of the Bailimiao wind faun Phase I and Me 103% paid-in capital of Harden Baotou Pursue to the loan agreement, no distnbecn of dividend a allowed if Halton Baotou fats to pay the interest due As or December 31. 2013 and 2014, there is no unreel merest to China Mirsheng Bank The onnocel of USS4 nII,OA USS5 Mon, US$5 melon US$5 million. uSS5 Mann USS6 nelson are US$2 mitten win be repaid in 2015, 2016. 2017. 2018, 2019, 2020 and 2021, reapearvely In March 2011, Horton Baotou and Honoton Xilirguo* entered into an 12-month RM8362 melon (US$59 motion) loan agreement with Sardard Chartered Bark at a floating nterest rate of the ore-to three-year RMB benchmark loan rates as published by PBCC pike an addecrial surcharge of 15%-70% of ere interest rate per annum As Hordon Baotou and Hanlon >linguae failed to repay the ken on the ongnal maturity date, the atstanding Icon principal and interest of RMEQ83 million (US$46 melon) was extended to July 2015 and the interest rate was based on the one-to three-year Reorient" benchmark loan rates pus an °datarat surcharge of 37% of the interest rate per annum The loan a pledged by bank accourts or HECL, property, pent and equipment, art use rights and beneficial rails of insurance of the Baena) wind farm Phase II and Xiwu wind farm Phase I, the 100% paid-in capital of Hasten Xilinguele the 100% issued shares of Fronton XIL art Horton BAV US$37 melon was outstanding as of December 31. 2014 6. Related party transactions As of and fa the years ended December 31. 2013 and 2014 the Combned Entty had related party transactions and balances with 1) Homan Energy Cayrrers Lrnited c1ECL*. the ima0ate parent company of the Combned Entity) 2) Montan Energy Barbados Ud whch is a *natty owned subsdery of HECL. and 3) Venda, Cayman lidesngs United which is the shareholder of HECL The egnicart related party transactions are summarized as follows Year ended December 31, 2013 2014 US$ US$ Interest-tearing loans provided by HECL la) 5 322 — Interest expenses Incurred for the shareholder's loans la) 4 448 4 776 Repayment of the expenses pad by HECL on behalf of the Combined Entity (b) 497 — Expenses pad by tie Combned Erse( on behalf of HECL (c) 93 8 F-267 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-0058544 CONFIDENTIAL SDNY_GM_00204728 EFTA01367016