EFTA01366716.pdf

Amendment #4 Page 287 of 868 shit of ibfMon. rnargn of 3 9% per annum The mdustnal Development term loan bears Merest at a fixed tale of 7 7% plus a margin of 3 8% per annum IMerest payments on the term loans are made on a Quarterly bass and principal paymerts are made on a bi-arnual basis The credit agreement governrog the credit facility contans various customary restnarve <overseas Iroludng covenants restncting the payment of dainty-lions and requnrg maintenance of certain frercial ratios See "—Summary of financial and distnbuton coverens* for acidfional information regarding pancular financial maintenance and restricted payment ratios Wikop The VMItcp project is (canoed with a 2AR-denominated term loan from are Standard Bari< d SOLO Africa Lensed, when rad an outsbercIng principal amount of ZOR 1,0 billion (585.4 mem) as of March 31, 2015. The loan was disbursed inthree trenches The term loan matures on August 26 2030 and bears interest at a varette rate The interest rate for IR Senior Term A Facility a-id the Senior Term C Facility a the sum of the base rate, are three-rnanthJIBAR. plus a spread of 4.15% post COD The interest rate for trio Senor Term 8 Feeley is the sum deleted 758% base rate (during operating period) plus a spread of 4 10% post COD As ct March 31. 2015, the average interest rate for all three !ranches of the term ban was 10.37% per annum Interest and principal payments are made on a semiannual bass The interest rate on the term loans 100% hedged fa the test 5 yeant. 78% hedged for the next 5 years and 12% hedged for the remaining years This reinserts an economic hedge and no (or a d covenants restncong the payment of dstnbutions and requinng hedge amounting is applied The term loan contains venous custorrery restricts* covenants, 'nay:1(rd maintenance of oertan firercel ratios. See '—Surrnary of fnancel and dstntotion covenants' information regarding partolar financier maintenance and restnoted payment ratios. Sod en The Soutpen protect is financed with a ZAR-derorrmated term loan from the Standard Bark of South Africa Limited whch tad an outstarclrg principal amount of Via 927.7 million (576 5 million ) as of March 31. 2015 The loan a cksbursed m ltvee trenches The term loan matures on March 31. 2031. and bears interest at a variable rate The 'nearest rate for the Senor Term A Feeley and the Senior Term C Facilty is the sum of the base rate. the three-month JIBAR. plus a spread of 4.15% and for the Senor Term B Facility a the sum of the feted base rate (5% dieing censtrudon period and 7 5% Meng operating period) pus a spread of 4 15% post COO As of March 31. 2015. the average Merest rate of all three 'ranches of I fie term loan was 10 38% per annum lamest and ',moot payments are made on a semiannual basis. The loan is denomrated o ZAR The interest rate is 100% hedged for the first 5 years. 78% hedged for the next 5 years and 12% hedged for the remenng years This represents an eamornic hedge and ro hedge accountrg is applied The term loan co idains venous customary restridoe covenants. indudng cotenants restricting the payment of distributions and requiring maintenance of certain financial ratios See '—Stinwrory of financial and distribution covenants* for adcRionol irformeiban regarding narrower financial maintenance and restricted payment rat os Our Cosb Rita project Prow The Orosi propel is financed withthree U S dollardenornnated syndicated credit fealties, whch had an ottgandng principal amount of approximately 578.3 million as of Mach 31.2015 The fest tacky matures in the fourth wafter of 2031 and the second and third facilities mature in the faith planter of 2028 The first fealty had an outstarong principal amount of approximately 552 0 mien as of March 31. 2015 and beers fixed interest at a rate of 3 94% per annum The second facility had an outstanding principal annum of approximately 512 1 million as of March 31 2015 and bears interest al a vanatle rate equal to the sum of the 279 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-0058244 CONFIDENTIAL SDNY_GM_00204428 EFTA01366716