EFTA01366769.pdf

Amendment #4 Page 340 of 868 tehk. on Denvaliee instruments, which are designated as reagsng instrument consist of. ( la takes or equity) fair value As of Match 31, As of December 31, In thousands Balance sheet classification 2015 2014 Interest rate swaps Other ling term asses and accumdated drier cornarenensme ncome (5,063) 3 (4,780) As of March 31, In thousands Statement of operations classification 2016 2014 Crape onency Swaps Other long tenn assets and accumulated other comprehenswe income 326305 518,163 The Company Ms netted these hedging 'reninserts and they are included in other assets on the combined baiarce sheet 7. Stock•based compensation In September 2014 and in comedian with the fc<maton of SunEdoon Emerging Markets Veld Inc the Company granted rebooted stock awards and resehed stock inas to various Company emplaces (*Part cipanlry ) under a new SmEcbson Emergng Markets Yield. Inc 2014 Equity Incentive Ran The far value of each Participants grant was determined by using the percentage of stares granted multiplied by the overall fair value a SonEdiscnsequey in the Comport The rebooted stock will COnVOrt nto shares of Class A common stock Lpon betting of our amended and restated certification of incorporation in connection the completon of the proposed irrtal public offenng of Class A common sbck cf the Corporation (the 'Offenng-) There were 31.350 shares issued representrig a 3 135% internt in the equity of StnEdson Emerging Markets Yield. Inc issued at a lotal value Ce 5683 thousand in March 2015. there were 35.250 additional shares *bed representing an addittonal 3.525% interest n the equity of Terra Form Globe, as of the effective date of the offering with a total value cl 31.3 mlkon estmatrg the far value of the rest acted stock Ire pnmary valuator canderations were an entermse value determined from an discowited cash flow of «one- based approach. usig a present value of after-lax prObablity weighted equity cash flaw of I rose protects we intend to include in the Offering in a projection pencil extending throJcp December 2024 and a lack el marketabity discount of 10% The discount niodel used the lob:wing assumptions a time to knotty event of 7 months a discount rate of 13% and voladity of 40% over the time to a equicry event Estatates of tre volatility of our common stock were based on available intonnaton on tre votatitty d our Sponsor and Me corrrnon stock d comparabie putacty traced comparres After tre resinoled stock converts to Class A common stack 25% of the Class A cornince stock we vest on the first group fouth anniversary of the date of the inter pudic offering subled to accelerated vesting upon (whin events Opal a leinwistion of empoymert for any reason any unveiled Shares of Class A common stock held by be tern-united executwe will be forfeled As of klatch 31, 2015 no stock ccopensat on expense has been recorded F-20 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-0058297 CONFIDENTIAL SDNY_GM_00204481 EFTA01366769