EFTA01367217.pdf

Amendment Page 788 of 868 17. General and administrative ex penses 2014 2013 $ 204,119 $ 19Z413 89,280 214.479 69.813 30.018 18,663 28.349 3486 20,761 17,716 $ 406,821 S 482.973 18. Intome tex Tre Horcura n rcorre tax rate in &feet lor de %cal years endng Decenter 31.2014 and 2013 g5 25% In adr:eten eitt« are obagated to pay a tempora:y sodary coninbecn ol 5% ai thea taxable , come after derluang a Jaed cleductible amount of 1,000,030 ler prae Heimover. as part er the FPA. the Company was ganteri a corporato ~ne lex holiday of 10 yen starting on the dato of car/nauet operations. which was Detente* 21. 2011 (Note 1) As of the date or (hese financial stalements ffie Company has net «ufred current ncorne tex lablities da totis exemplon The componens of tre delered lex assets and lettes are presereed below Statement of Statement of Finuncial ComprehensIre Position Intone 2014 2013 2014 2013 Deferred tax essets. Decornrnisstonnq and restorteon provson $ 204,424 3 118.993 $ 87,431 $422.734) Property, plant ard equipnent 94.078 *976 44,102 95,601 Delerred tax labertes De/helma financial instruments e/ (116,686) (166,652) 33 148 (88,503) Net deferred leses $ 182,918 I 317 5164.681 5(15.838) Y To* ~eiMoa opi~loveilv~nr inlova* ynk. of Oms* illninoil ~nos. ripayinpilP ISIMe co~•~1~ ~utmed bo uS317 Slå ., 2014,3013 USSO, ~en) 19. Agreernents and comrnitments 19.1 Guarantees As required under tre °agnat PPA *ah EINEE, tre Company res provled a bank canplance guarartee c4USS4,500.000. ete& ta bedekt:ard by Gbabereq Mesoamence Energy (YVind) LiMPPCI and rot by Me Company The Company has area p/cmded a performance bend of US$122,200 to the Secretanat of Natval Resources (Secretarla de Recursce Naturales y Araberte—SERNA) as mµnred by the operating ageertene vath SERNA Tres. performance bonds most eg meintame during the PPA term and are not funded, Des Me Company has engsged a cononeroal ~it to saug them based on a oxmession lee In October 2013 the Company also provided e perla-mara bond or USS1.128030 to ENFE ta required by the emendert PPA F-468 http://cfdocs.btogacom:27638/cf/dry7/pubtedgar/20 I 5/07/20/0001193125-15-25646I/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058745 CONFIDENTIAL SDNY GM_00204929 EFTA01367217