ategy. predict reccermendatica. Imes.. .At objective a red voile associated wren your accounts. ad is not a vomit* or guarantee that wealth ce any Inancial results can oe will to achieved. All Megawatt invoke the risk of less including the risk of loss of the untie deterrent. You canMange your Frew)"

Ce" deficenoes n a Moly manner ire existence of any material weakness now internal control over financial repotrg cold also result in errors n our Inancial statemerts that could require us to restate our firencal Patements cause us to f all to meet ors repororg obligations and cause shareholders to lose

or es equivalent, • supervene the timely calculator) and payment of taxes payable, and the fling of all tax returns. • causing our annual combined Inancial statements and waned/ interim financial statements and, as applicable, local statutory accounts to be in prepared in accordance with generally accep

regstered public 'optioning firm, appearing elsewhere herein, and upon the authority of said firm as experts in accounting and audbng The combined Inancial statements of BoTherm Energy Protects as of December 31. 2014 and 2013 and for each, of the two years in the penod ending December 31. 2014 included

ieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for Ott aide anion Opinion M our opnon, the combined Inancial statements referred to above present fairly in all rretenal respects, the financial resew of the Convaned Entity as of December 31. 2013 and 2014, an

nd balances denominated in a currency other than the functional currency are generally notified in the statements of income as Incurred Tie combined Inancial statements nave teen prepared using the Corrpanes' historical bass for assets and labilees and include an revenues, expenses. assets, and liabilitie

ote 4 includes information atm.( the pigments, sgnecart accocrong est mates and assumpbons used by Management in the preparation of the accompanying Inancial statements 3.2 Summery of significant accounting plInciplos end packs— Sgroficart accounting policies used by Management for t re preparation of fn

s... pot Sled " 11. last Balms as Osombn 31. al anon 1. D I3at prewouity RomoSpealve 2013 se island mfoionsd Sunsmsnis and Statement of Inancial pastor. Caroni assets 53.493.607 (18.171.075) 35,327,932 44,912445 (18.188.292) 26.724.153 61,154.605 (21.517.835) 39.636.770 Noncurrent asse

e that the audit evidence we have obtained is sufficient and appropriate to provide a basis fa as audit Opirton Opinion In our q:inon, the restated Inancial statements referred to above present fairy, n 8a material respects, the financial position et Intervenes Et:aces de Oros' Dos, S A as of Decerrter 3

FRS 13 Far Value ASsesioorrichr The amendment is applied vospecbvely and clarifies that the portfolio exception in IFRS 13 can be applied rot only to Inancial assets and fnancel Stales IAA also to other contracts within the scope of IFRS 9 (or IAS 39. as applicable) • /AS 16 PrOpOny. Pent and Eltsprnalf a

and risk profile av spec kit to each account and mur ray between yes sawn Please advise the Firm pecnotly in lining of ay sgrnicant change in was Inancial sibation or investment oil:wows For eachscant held, you choose ore of the folowing investment cbjtaivoi CONFIDENTIAL • throdure Cunene income: hV

and risk profile sneers Is to each account and may toy between year accounts Neese advese the Firm Familyin wining of ay sighticant change in your Inancial situation or investment oblectives For eachsecant held, you Moose area the folbwirg investment deadly's CONFIDENTIAL • emcee, Cunene income: Inve

ective and risk profile ere spec Is to each Moult and may vay between yar =Cant Neese advs. the Firm acme& in wining of ay sgnticant change in par Inancial situation or investment oblecttves For each won hell, you choose one of the following inwparrant air/lives CONFIDENTIAL • Frocks? Cunene income:

d risk profile an spec ik to each account and mai maybetween you accords PSease advise the Firm prorosty in writing of a-y sped Rant change in met Inancial situation or investment obscures For each scant held, you choose or* of the following ins-ernes objectives CONFIDENTIAL • troatre Cunene income:

d risk profile are spec tic to each account and may ay between you account Please actite the Firm prOrrtreg in %ening of re Knit-ant dirge in your Inancial sibabon or inveitmeM cbnctives. for each accord heti, you choose one of the (claming investment objectives: • Ruda Currientincoor Investments warn