EFTA Document EFTA01367184

Amendment Page 755 of 868 16. Operating leases—Company as lessee Raines Edicas has entered into opining leases of lands These contracts are for an nab' period of 35 years These terse agreements expre In 2035 Quarterly payments are 000n-heed as three percent of income generated from wed energy. therefore. More payments on these agreements cannot be precisely estimated by the C,cmpany The lease expense masted by the Company in 2014 arnourted to US5168.203 (2013. 5143.038) (Note 14) 17. Financial risk management objectives and policies The Company s main financial instruments are cash, accounts recnvab4e, accounts payable and accrued expenses The main purpose of these Marcel Instruments es to manage cash haws and raise finsming for the Company's captor needs Ptaritas Batas is exposed to market. credt. and liquidly nsics. The Company's senior Management oversees the management ef these risks 17.1 Market risk Market rek sae nsk that the far value of (Pure cash flows of a financial instrtrners will fluctuate because of changes in market prices. Market risk comprise thee types of risk interest rate risk currency risk and other price risk, such as testy price risk and comma:ay risk The relevant market risk affecting the Company's financel statements is the foreign currency nsk Fanativi cumincy risk Foreign carency risk is the risk that the fair value or Mire cash floes of a financial instrument will fluctuate because or changes in foreign exchange rates Fleas Polices' exposure to the fel( of changes in fort?, exchange rates relates primarily to the Conpany's operatng activities (When revenue or expense is derorninaterl in a dower currency from the Cannery's presentation currency) The Costa Rican colon is the main foreign ourrency used by the Company in its transactons The Costa Rican Central Bark is the entity responsible for managng ea national banteng system and regulating the Costa Rican wen's panty to other currencies. Sell arc bur rates are established by panpipe fnancial institttens accosting to market snooty and demand As of December 31. 2014. sell and buy rates for US dollars were c545 53 and c533 31. respecbvely (2013 0507 80 and t405 01). F.435 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-0058712 CONFIDENTIAL SDNY_GM_00204896 EFTA01367184