EFTA Document EFTA01366827

Amendment #4 Page 398 of 868 tat* Contrnl, 9. Restricted deposits The cornpost.on of restricted deposes rs 'Amman-zed as foibws Noneutrent March 31, December 31, Institution Interest S. 2015 2014 Otibank 94% to 96% COI 157.731 147,556 Banco do Nordista 97% cot 13.288 12932 Tout 171.019 160485 As described further at note 8, certain of the Group's torrovang agreements require ttel the Group mantain funds in restricted depose accounts as collate/a, and guarantee for the waled torrowngs Otebank-The Group enttas maintain restricted deposit accounts for collections made from the sale of generated electricity as collateral for related borrowings with the Branton Natcnal Development Bank (Sato NaconardeDesemrdvmieuoEca.Anico Social-8NDES) Finds n these accounts are tweeted in low ask tsynit-lqud, shorter-term investments that earn interest rates ranging from 94% to 98%d the CI)I rate Funds from these accounts are restricted for the payment of ristaiments on the related borrowings and for other obligations related to the operation and mairtenarce of the wind generating tackles Banco do Nordeste-Espra maulers a restricted depose account at Banco do Nordeste do &sae S.A (SW), whose paTose is to guarantee the repayment of borrownngs obtared for the corstructon of small hydroelectric generating peenls Funds in this account are sweated in low sale, highly-lam) shorter-tern nvestrrents that earn interest at 97% of the CD rate. Funds are restricted until the f ul repayment of the related torromings, expected to ooxr in 2026. 10. Income and social contribution taxes Reccrcgration of Effective Tar Rate-The Group's effective tax rate Offers from the amount that *odd anse using the combned statutory tax rate of 34% applicable for Braa►en entrees as blows: chat, Marshal, 2014 2015 Incase bran InDOme lax end wail contribution 17,968 11.488 Combined income tax and social contnbuton rate 34% 34% tia)me tax at socel ccedributIon at statutory rate (8,109) (3.m) Effect of subsidiaries taxed under the deemed pica reigns° 3.5!0 1,833 Allocaton of expense horn Parent (1,029) (200) Carr permanent differences (261) 78 Income and social oontritubon tax expense (3,849) (2,996) Caroni (3,575) pin Deferred (274) 125 Income and social contr:4*n tax expense (3.849) (2.926) Oven tee deemed profit election at the Group's operating project condones. no related lax impacts, current or deferred. have been recorded for the ele0Calitin Of to:entree from Parent in the condensed combined 'reefer financed statements F-78 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-0058355 CONFIDENTIAL SONY GM_00204539 EFTA01366827