EFTA Document EFTA01366981

Amendment #4 Page 552 of 868 Ale co! alt. The Company has a tax roliday welch expires 15 yews from the date d corivnisscang of the solar energy system and e available for a 10 year period staring from the date on which the protect entity starts dainirg Ire holiday The Company expects re tax holiday to apply from April 1 2017 trrough March 31, 2027 The tax holiday provides bra zero percent tax rate during the years t applies. Ire Company had a net expense as a result of to tax holiday due to the origination of taxable temporary dfferences expected to reverse after the exprabon d the tax holday, while the related dedudions are expected to be ;Aided Wrap the tax holiday mood and prance no tax bereft TM change in vaketon allowance is ira 1,595,233 and INR 1,632,737 during the year ended December 31, 2014 and December 31, 2013, respecbvely. The 2014 and 2013 tax years remain open to examrebon by tax authorities The Company does not have any unrecognized tax benefits 6. Equity Common stock Holders of comrnon stock are elided to one vote per share. and to receive dividends and, upon liqudaton or Ossolution, are entitled to receive all assets averade for dstribution to stcceolders The holders have no preemptive or other subscription ngts and there are no redernpton or sinking fund provisions with respect to such stores Se:vibes premium received and share appbcabon money received are included as part of aclistional paid in capital 7. Related parties The Company s Utmate parent canpany was SunEdson Inc for part of the year in 2013 after which Astmnergy Solar Korea Co Lid took over as the parent company mime ultimate parent company it CNN Group Cap . Cline Operations and maintenance Cpeat ions and maintenance services we provided to the Company by an alerts pursued to contractual ageernents Costs inwrred for these sences were INR 25,014 033 and thR 18,606 816 for the years ended December 31 2014 and 2013 respectively Related arrounts were reported as cost of operations an the statements d operators and were reflected in operating eta/ties in the statements d cash flows Erection end cornmIssionIng of solar energy systems The contract to erect and commission Ott solar energy systems was fuelled by an striate Pursuant to such contract the Waste is responsible to carry Ott all such work necessary to construct. install arc odnrriesion our WIN enelgy systems in such manner that they are deemed to be It for the purposes for which they are intended to be teed The Company incurred a cost of INR 780,738,851 during the year 2013 in reaton to such contract wise, s captalized as part of solar energy systems Support services Corporate supped services were provided by an allies company Wring the year ended December 31, 2013. The Company ItletWied a cow d INR 15,212598 during the yew ended December 31. 2013 Related amounts were reported as general and administrative expenses in the statements of operations ard were reflected in operating activities in to statements of cash flows F.232 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-0058509 CONFIDENTIAL SDNY GM_00204893 EFTA01366981