Amendment rr4 Page 627 of 868 ( t ri.111% Core Energy (RF) Proprietary Limited and Erika Energy (RF) Proprietary Limited Notes to the combined financial statements For the years ended December 31. 2014 and 2013 1. Nature of operations The Operating Entities (the *Operating Ensues') as used in the combined financ.al statements compose the ent ties Isted below and the' solar energy systems • Core Energy (RF) Proixietary Urnted ('Core') • Enka Energy (RF) Proprietary urorted [Erika.) Tre Operating Entries are not a singe standalone legal entity txl are a corematon of enit es Mal are under common contra of SunEdison Green Power Renewable Energy Southern Africa Proprietary tinted ('SEGP Renewable Energi Southern Africa (Pry) Leg The primary assets cl the Operating Entities censer of two solar parks (Soutpan Solar Park and %Velma Solar Park) located in South Nrca, wth a maximum contracted capacity of 58 Megawatts Apart from haveg separate signed Power Purchase Agreements ('PPM) with Eskom Hording% SOC Landed (EskoM). the mtkonty sacprier of etednaly to the South Noon public the Operating Entire* have obtained the necessary licenses to perform their activities from the Nal coal Energy Regulator of South Africa ENERSAC) SaApan Solar Park achieved Commercial Operation Date ('COO') on 4 ati 2014 wire Yekop Solar Park achieved COD on 20 Segtermer 2014 The PPM are valid for a period of 20 years from COO Basis of presentation Financial (lonelier is reclined as part of a lestrg for certain entities withn the SunEdson LiC Group (Via SunEdson Group') that are under common control These entries, however are rot part of a legal SOngrOop whOSe finance' statements are consolidated As such coreired !manual statements of the Operating Entries have teen prepared as at and for the years ended, December 31 2014 and 2013 The Operating E allies' combined financial statements have been prepared in accordance wth U S generally acoerxea attaining princpMs S GAAP') The Financ