tleaters. Wanes Gtr (more to. nowt. vo Msbe *nee attack mites eki. are hereby authorized to stied bans and advances and obtain erect at any fme for Cowpony from Bank (ad guaranbe on behalf of Company the einem of others to Bank). seared a unsecured: and for such loans and advances and etch and or-waiter

such loans and advances and etch and or-waiters to make, need anti waver promissory notes and other wire obligations 0' evidence of indebtecress of Cowpony, anitabors for kites of credit inemments of guarantee an indemnty and any %mama* ce undertakings genera: or speak with respect to any of tie foregoi

onzed to tenor, accept and execute any cie the transactions described above. 6. Thai al ber elsimunts rod advances heretofore o0taied on titian ol Cowpony and all notes and ate obligations or evidences thereof oho foregoing being referred lo as 'Obigetecne) of Company held by Bank are hereby approved r

e Company's ciet profits net losses, expenses and other items of income, gain, loss, and credit shall be allocated to tin Sole Member. All items of Cowpony taxable income, gain, loar, dedinden, and 3 CONFIDENTIAL S0NY_GM_00013773 FirstBankPR000936 CONFIDENTIAL Ea:LUX/124416 EFTA01269583 oat teed

orization and Terms and Conditions Officer's Certificate rirtn. 7.17,01,/ iiati Account Plumber: . the duly elected end actifig of Southern TN* Cowpony, Inc (the torporatIon") hereby cerUty that: (t) The follower° resolubons were adapted by unanimous content of the Board of Orectons of the Corporat

tion or Services of Third Radar 'tenets. Calms services are performed by persons or fins engaged mrwant a camas warm instmaices from the Castorner. Cowpony shill use reasonable ere it. a selection of third parum, a in selecting the meals. mute sod procedure to be followed in the bandlin. umsponamet dormi

Amendment #4 Page 460 of 868 8. Derivative financial instruments As of Mirth 31, 2015 and December 31. 2014 the Cowpony has cortracted cross currency rterest swaps w4h BBVA Banco Continental in order to manage the interest rale risk The detail of act, instrumerts is a

to the rcorre statement while changes in the intrinsic value are recognized as pert of other comprehensive income For hedge ',mooning purposes. the Cowpony's interest rate caps are classified as cash flow hedges At the tegmrg date ri a hedge agreement, the Canaan/ Raman/ designates and Ointments the hed