Amendment #4 Page 655 of 868 Merest and repayment of principal was revised to 12.50% (2013 11 03%) and 25 installments from December 31, 2012 to December 31 2018 respecuvely. The term loan is secured by a mortgage and hypotrecaton Cl al easing and future immoveable and movable assets of GEI and is Ascher seared through a ins and retention account test guarantee and pledge of &pay m GEL Maturffies Ire aggregate amounts of payments on long-term debt due after Deventer 31, 2014 are as Idiom Year 2011 2016 7 2018 Meturities of long4erm debt 305 180 720 314,391,016 321,839016 321,839.016 223.627,018 1,103,374,943 The debt arrangements conta n cedar representatons. covenants end warrartes of the bonower companies inducing 'iodations on business activities. guaranies's. project maintenance standards data to Dourly talcs end rmnmurn debt service reserve (*cavemen% The debt somae reserve money 4 required to be mairtained oat Of the cash flows generated from the project. Mitch shall be funded Itscacti the receivables from business operations 7. Accrued expenses and other current Nabilities Accrued expenses and cane hal:sines consist of the following As at December lil t 2014 2013 Income taxes payable — 5,769826 Payable to Enercon Irdia United — 27,918,210 Interest payable on term loan — 36,410,491 Payable to erimoyees 79.133 59107 Cther 'abates 873.302 10,957,070 962,436 81,108,704 8. Income taxes Income tax balances are deterrnned and reported herein under Ire 'separate return' method Income tax expense consists of Pte fdlowrg Current Deferred Total Year ended December 31, 2014 Year ended December 31, 2013 9012.503 47.136,431 50150.934 31,563,804 25 215.490 56,779.093 Tex rate reconclIsflon The applcable Indian statutory tax rate for the ten year ended 2014 and 2013 is 34 61% and 3399%, respectreety Income tax expense Offered from the amousts computed by applying the statutory WOW, income tax rate of 34.61% to pr