EFTA01366905.pdf

Amendment #4 Page 476 of 868 r able ( ontt ill. Energia Edlica de Honduras, S.A. (A Honduran Entity) Notes to interim condensed financial statements hbrch 31. 2015 (amounts expressed in US dollars) 1. Corporate Information Energia Eolca de Honduras, S A ('Energla Erica' or -the Company') was organized as a corporation on June 10, 2005 under tre laws of the Republic of Hondas. where the Company is domiciled As of December 31, 2014 Ire Company is a 99.9% subsidiary or Gately:I Mesoarnerca Energy (Wed) Lusted COME Wine), a company incorporated at Bermuda. and Energla Eiblica's ultimate parent company rs Acts Infrastruch.re Find 2LP The Company's neon acts* is the operation of a 126 megawatt wrxl park called 'Cerro de Hula' and the sale of energy to the Honduran National Electric Energy Company (EhF_E) [trough the power purchase agreement signed between me parties. Energy sales began n October 2011. This agency s regulated by Honduras electricity law No 15544 of November 1994 (Hansen Lem - Eledrioty Subsedor) On October 1, 2006 Energla Edea entered into a 20-year power purchase agreement ('PPA') with Me Hon:Siren National Electric Energy Company ('Er£E') to operate a 102 megawatt wind park (term de Hula Promo' or 'the Project') The Company was warted the 'commercial operation status (as defined in the PPA) try ENEE on December 21. 2011 on December 20, 2012, the PPA was amended to conterndate that a) the Company would increase the rind parks capacity by 24 megawatts to reach a total d 126 negawatts, and b) the FPA's term watt] increase Iron 20 to 25 years starting on December 21, 2011 and ending on December 2036 Constricton of the 24 megawatt expansion Oho Project Expansonl began on November 22, 2013 Acceptance of compliance by ENEE with the Project Expansion's technical requremeNS wee granted on November 13, 2014 The Project Expansion started generabrg power in Noventer 2014 The Project was registered as a Clean Development Mechanism (COM) Protect under the United Nabors Framework Conventon on Climate Change on Art 24 2012 and for a 10 years crearorg period, from April 24, 2012 evough April 23, 2022 The Prciecl is therefore eligible to issue Certified Ernsson Reductions (CERs) starting on April 24 2012 The Company des rot nave traded dad or eqsly in the public markets The accompanying Inertial sunerrerts have been prepared for use in a secunties fang in connecton with the SCQUISIII011 Of Ire Company as explained WI Note 13 2. Basis of preparation of the financial statements and accounting policies TreCorrpany's Own condensed financial staterrens as of Mandl 31. 2015 were fist approved for issuance by tee Company's Chef Executrve Off cer and Chief Enamel Otter on April 8, 2015. and were gutsy:pent& approved by the Canpanys sharehobers Tre &conversing restated interim condensed financial statements have been prepared for use in a securities filing in connection wen the acquisition of the Company as explained in Note 13 They have also been restated for the correction of certain errors as explained in Note 2 2 The Company s Crier Executive Meer and Chief Firenceratter approved these financial restated statements for issuance on June 13, 2015 and subsequent events have been considered through that later date F-156 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-0058433 CONFIDENTIAL SDNY_GM_00204617 EFTA01366905