EFTA Document EFTA01367186

Amendment #4 Page 757 of 868 IMAM . (:effleral 18. Capital management The Company's men objectiveal capital management is to ensue that it martens a sole credit ratio and healthy financial metal ratios lo support its MU nets and maximize profits The Company manages, its capital structure and timely requests quotaholders for any adjustment to this capita considenng the economic ermronrnert n whch the Company operates To mitten or adjust is capital structure, it rimy request quotaholders for variations to dm:lends and capital (thins previously agreed on. as well as for streams, in capital corInbrAlons 4 necessary These ;oboes had re signer-ant charges in 2014 and 2013 19. Fair value of financial instruments As indicated in Ncte 17, Ire Company's train !fiance' est rurrents ere comprised of cash, accounts recewade, accounts payable and accrued expenses Management believes that the carrying amounts of cash, accounts receivable, and accounts payable approach thee fair market value due to thew shorWerm naive Felr value Nenirchy Ire Company uses the following hierarchy for determinirg and dratneing the fair value des Memel instruments by valuation technpa Level I Coated (unadjusted) pnces in :Mee Milken or identical assets or Sabiltes Level 2 Techniques that use inputs different from quoted prices that are observable for the asset or beaky. whether Orally or indirectly Level 3 Ted-news gat use inputs that have a senescent effect on the receded fair value that are net based on observable market data As el December 31, 2014 and 2013 the Company did not have financial iteittiMellS measured at lair value thus me classification in ayes of sad inskurrerts is not presented in these financial statements. 20. Subsequent events tan Jute 12, 2015, a Stock Purchase Agreement (SPA)was sgned between Gbteleq Holdings (Amencas Renewatles) Limited and Mesoarnerica Power Levied as sellers and an affiliate of SunEdison as pLrchaser, for Ire sale °fa 100% Merest in the Company's tpsueam shareholder, Giceeleci Mescemenca Energy (Vend) Lurked Ile SPA is sLtieci to various conditions, not all d wroth have been net as of the date of these financial statements. Trere is re guarantee that such transaction wet be COinuelneited F-437 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-0058714 CONFIDENTIAL SDNY_GM_00204898 EFTA01367186