Amendment #4 Page 485 of 868 iiMr of coit tits The main charecterrstcs of the derive/we iretruments are as follows. Swap Transactions Cap Transactions November 2010 December 2013 November 2010 December 2013 Effectwe date 29-Nov-2010 25-Feb-2014 25-Feb-2018 25-Feb.2021 Termination date 25-Feb-2018 25-Feb-2021 25-Aug-2025 25.1'92028 Curent notional amount USS 43.133.387 VSS 19.410.815 Maximi.rn notional amount US; 56,732,737 USS 19,410815 USS 39,289.122 USS 11.652.389 Faced 'merest rate 3.83% 336% 475% 336% Venable earnest rate US Utor- US Libor- US Libor- US Ltor- 6 morel* 8 mores 6 maths 6 months 11. Income tax and deferred Income tax The Company was granted a corporate income tax totday of 10 years starting on the date of commercal operedions which was 21 December 2011 The Company calculates the penod income tax expense using the tax rate that would be applicable to the expected total annual mimeos Tie mator compOnentS of income tax expense in the mtenm condensed statement of ccrnmehenswe income are For the three months ended March 31, Mirth 31, 2016 2014 anent income tax expense Deferred inane tax expense relatng to ongnabon and reversal of temporary dirbronoes St24 78,480 Income fax expense recognized in statement of corn:tensest.* Income 6 50,024 3 78 480 12. Fair value of financial Instruments The Company's main finerlead instruments are comprised of cash notes and accounts receivable, roles and loans payable accounts payable and accrued expenses Management believes that the Carrying amounts of cash, accounts recervaNe. and accounts Made approach thee fair market value due to thee short - term naltre The canyng amount of notes receivable from reviled panes approximates far value as the notes were nriaay recorded at the estimated dscounted cash flows. marketing the far value of bans payable at Wed rats Me Company has considered the country risks. market conditions existing both at the date of the loan