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EFTA01366511

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Amendment Page 82 of 868 Labor disputes and the labor laws could have a material adverse effect on the operation and financial penbtmance of South AfrIcart projects. Although there is a hstiry Cl positive and castructwe engagement with tato( weans in South Al nca in recent years there have been periods ounng which the various Stakeh0lders are unatik to agree on depute resolution processes 'eating in significant Sag disputes and diduarre labor aetivereS Although we expect to contract with thniparties for the operation and maintenance of our Smell African cocoas and not hoe local employees for such projects, any such project will nonetheless be at risk of its operations being disrupted for indefnte periods We to labor strikes and We' labor deputes related to tie pates from whom we contract operating and maintenance services Sonfcart labor clempaceri may have a material adverse effect on the operators and manna results and ocirciton or our South African projects The *positing results of our energy prefects In China may be adverselyaffected by changes In governmental policies that currently subsidize removable The Chinese government has enacted a series at financial menthes designed to promote the development of solar and wind exceeds Most importantly. the feed-in land program currently provides that solar projects are eligible to raceme increased tariffs in an amour( in excess ci the benchmark tariff received by local desulfurized coal- fired generating unts The amount of the tariff to to pad to the project is established by the government based on a number of factors trot aro designed to make the project economically vial:* The operating results of a reelect would be adversely affected in the event the government reduced the tariff payable to one or nue of our projects There can be ro assurance that the Chinese government will rot elect to reduce or eliminate the ongoing lane payments to our renewable energy projects in China Rasuant to the Chinese gover

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