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efta-efta01366465DOJ Data Set 10Correspondence

EFTA Document EFTA01366465

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EFTA Disclosure
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Amendment #4 Page 36 of 868 :attest . (ter eiti 141 Inane,* ~Non canis 'IOUs: reresan a vanatta wan In ~Mutant by Global LIC and ~cat cannot Ott exatmad as a nee pacratatt Mena Al «car IOR• all be µfan to StmEttoon Hadirga Capone/on ulna/ craw/ayPao, Takata" H ana Sprat connotan ~aria« ot the two« atantation twat Adder. tCfla All Pa erteMeto mama newlatrAnn Cunt el eats of Sin» tic and Own o/ an Oan SI caanon Poo Se 'Conan alabacatos aca tweed patty Iramadans-ananded ad Romani Operating frdinetimea of ~bat llea-Onalittant' Iv Salta ancrann a/ at oils and 'Dean:~ ca capta sock —Cbut DI cantina tor kw (ulna actolitan olinoCisas el canna, ~it (St Cavarranty rat ow conpatta olio, &ann. Opinang LUC pana Waite ado tantlaralvar anon al Kau» la • eaaanp at trait of Sad 0 soon ~Sang« am ~tar at so analltaa4 upon complabal ottan "'Pa Ow apamaratIon «air Or pannlanol Tritmatant and ant anlaweaty dowry am:Mau t(II Ti..TMaanpaddsWnpddrSmaulpnAMmHlmnupslMmnaMaldOwabby c7} Al dour procadaral rdebtafreas ra denootaated to atteot U S Coln Indian %pot Inalareartanadt Soutn Akan Rana That Sail ~flan Plat a Chnn• Yuan Rannalai Va• ~eta ea ~ha« MOU S ~an viag thatapplatanorwee art taw et Meta 31. MIS Pa Santa ntonnian toga/Ong ate panatanat 'no/War la 'Catalpa. of sun ndattainaa—Prtant- wed frararg ananatatela IN Based on an sunned ~al potac «tang paean° Oftpw Sun Moat 'saw endrant Ina wpm Ink ta Ila <Oaf °titan OtOlatain. Obbal tau* II 313650 Oar•a626.316 shams and •39 ten of Pt Om A aaatan dock to %now, CAM and ISeT Penn tor as atlitaal, reapalnac rantaanlana n Ina ~pa* 6 IN el Pa named and outatantanp Vans des<amra «oat n ooramanc rah tho throw Taman" Inn OMf Tranartan and Ow flarbarm Traraation Material United States tax consequences It we make a clistnloutson from current a OCCUMUISICO earnings end profits, as compasafor United Slates federal income lax exposes. such dstribubon will generally be taxable to holders d our Class A corrrnon stock n the current period as ordrery ncorne for United States fecbral income tax purposes. ekgtile under cirrent law fa the lower tax rates app'cable to quart ed dmilend none of non-corporate taxpayers x a ckenbAon exceeds our current and accumulated ea rn ngs and petits as computed for United States federal noome tax purposes, step excess Ostribloon will =Mute a non-taxable return of capital b the extent of a holders United States federal encorre tax bass in our Class A common stock and we matt in a reduction of such bass. Tre patcn of any such excess cisu.wion that exceeds a holders basis in our Class A common stock wit be taxed as caplet ga n While we expect that a portion of ors distributions to holders of or Cass A coehrhOn stock may exceed our current and accumulated earn rgs and profits as computed fa Unted States federal none tax purposes and therefore constitute a non-taxable return of captal to the extent °dance:left base in our Cass A common stock, no aseorance can be gven mat the we occur See 'Risk factors—Risks related to taxation—Distritutons to lenders of our Class A common stook rrey be taxable as dwdends ' Upon the see of our Class A common stock the holder generally will recognize captal gain or loss measured by the difference between the sate proceeds received by the holder and the holder s Oasts in the Cass A cannon stock sad actuated to retied poor ckstnevhons that were treated as return of captal Based on our ounent panted RD of assets and the proseded allocator* of depreciation and amortization dedxhons. we expect to generzde net operating losses. or 'NOLs.' and NOL canyforwards that we can utitze to offset a agnficart portion of our taxable iroorm in the near term See 'Risk factors—Resks related to taxation—Our atelty to use NOLs to offset future income may be hatted' As such, we do not ant:cipele paying significant United States federal income laxes in the near term Noserter, the 3V3sOblity of the NOLs and NOL canyforwards could be reduced or limited ether by the United States Internal Revenue Service or 'IRS,' (pursuers to a successful challenge in a tax suet or otherwise) or as a result cf an 'ownership change' or a change in law Any such reduction of limitation rrey testa in a material increase in our estimated future tax liability and may negatively vnpad as business frontal condition and operating results See 'Risk Faders—Risle related to taxation--Out fine tax liability may be greater than expected II we do not generate NOLs strewn to offset taxable income ' If you are a non.0 S investor, please read 'Material United States federal income tax consequences to nonU. S ~en' for a more complete discussion of the expected material Unit(' Steles federal income tax consequences of owning and *Sporting Cl snares of our Class A cannon stock 28 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-0057993 CONFIDENTIAL SDNY_GM_00204177 EFTA01366465

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