Amendment #4 Page 79 of 868 1 uhl. .of Cnnferif. We are exposed to foreign currency exchange risks because all of our protects are located in foreign countries. We generate substantially allot our revenues and four a porton cia our expenses in currencies other than U S dollars Changes in economic or political condrtors in any cl en Cott& teS in wroth we operate could resat in exchange rate movement new currency or exchange controls or other currency restrictions being imposed Because our Mantel results are reported in U S dollars if we generate revenue or earnings in otter curences. the translation et those results onto US dollars can result in a significant increase or decrease in the amount of those revenues or ea rm igs To the eaters tret we are unable to match revenues received ion foreign currencies with costs paid in Ine same currency exchange rate factualons n any such cttrercy could have an adverse &lea on our profitability. Substantially all of our cash flows are generated in toter currencies and. therefore, significant changes in the value of such foreign arrences reetrve to tre U S Cosa could have a matenal adverse effect on as finance' caxition and our ability to meet retest and principal payments on debts denominated in U S dollars In addition to currency translation risks. we incur arrency trareacton risks whenever we or one ot our projects enter into a purchase of saes transaction using a curency other than tre local currency of the transacting entity Given the venally of exchange rates, we cannot assure you that we will be able to effectrvety manage our currency transaction ardor translation risks t s positive that rabbiay n currency exchange rates wil have a material adverse effect on Oct Manual condlion or results of operations We expect to experience economic losses and gains and negate* and positive impacts on earnings as a result of foreign currency exchange rate flucluatons. partcularly as a result of changes in the value 01 the