Amendment #4 Page 281 of 868 Telt iff.c.54 ESPRA The ESPRA project is financed web a BRL.denornriated term banner Bark of the Northeast of Bread which had an outstanding annoyer amon of approxeriatery BRL 95 2 ralhon (approximately 529 0 million) as of March 31, 2015 The term loan matures n the second quarter o12026 The term loan bears interest rate at the fixed rate of 12 0% per annum (when can be reduced to 8 08% due to the 10 2% tray payment taxa) The term loan cordons %WPM'S customary restrictive covenants. including covenants restncting the payment of dambubons See --Surnreary of enamel and distribution covenants' for additional el &nation regarding particular financial maintenance and restricted payment ratios We expect to repay Ore goad-level ndebtedneas with tne proceeds from tns offering. SaVady The Se tailor project is financed wen a BRLOenorn nett' term ban from the Brazilian Development Bank which had an outstanding poroaal amount or approximately BRL 571 1 mean (approximately $173 9 melon) as of March 31, 2015. The term loan matures n the second quarter of 2029 The berm ban bears interest at a variable rate equal to the sun of the Brazil Long-Term Interest Rate or -TJLP,* OS 192% per annum. As d March 31, 2015, the effective interest rate on de term ban was approximately 7.42% per annum The SaNatice project is also fretted by a sub-loan when has anoutstanding parapet amour of approxeratery BRL 4.1 meson (approximately 51 2 minion) Tne subloan matures in to second quarter of 2019 The sub-loan tears vanade intern equal to the TJLP with a two-year gate period for interest payments and a six-year gate penod for principal payments The term loan contents venous customary restriarre covenants, ncludng covenants restricting the payment of datnibuions and requiring maintenance of certain ?muter ratios See '—Surnmary of financial and Chef truliOn covenants' for additional Mormabon regarding particular financial maintenance and restricted payment