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EFTA01366513

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Amendment #4 Page 84 of 868 1 utile ( potent% injunctions debarment from govemmert contracts as wed as other remedial measures Additionally under certainof our PPAs such votetions entale coLnierparbes to terminate the agreement We have established polices and procedures designed to assist us and our personnel in complying with applicable United States arid ron4J S laws and reparations, however, we cannot assure you Vet these policies and procedures will completely eliminate the risk of a violation of these legal requirements and any such violation (inadvertent or otherwise) could have a material adverse effect on our business. financial cordban and results of operators. Changes Inhscal policies regarding high InSist rates may effect the results clear operations. Cur protects are located in courtnes such as Brazil, that have traditionally adopted a monetary ;coley that maintains high "-detest rates in order to offset inflation These =ovary policies can inhibit economic growth and reduce industrial poorer conSurreton As a result, future investments in power generation may be tinted due to lower market pnces for electnaty then currently tweeted Wen subject to claims In the ordinary course of business. We are involved in various disputes litigation arid regulatory matters incdental to our business, includng employment matters. commercial deputes. government convect compliance netters, disputes regarding erenronmental cleanup costs and otter matters along out of the normal course of our business. For example, we are currently n a depute wth Gujarat Una Viles Nfgern Ltd, the offtaker for certain cf as bean poises relating to a proposed reduction of tarns under the relevant PPAs and a change in sharehdder structure that occurred following the effective dates of to relevant PPAs If we are unsuocessful, the relevant !ands may be reduced or the PPA may be deemed void. For more riforrnaton see 'Busirese—Legal proceedings ' We intend to vigorously defend oursel

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