repay Ore goad-level ndebtedneas with tne proceeds from tns offering. SaVady The Se tailor project is financed wen a BRLOenorn nett' term ban from the Brazilian Development Bank which had an outstanding poroaal amount or approximately BRL 571 1 mean (approximately $173 9 melon) as of March 31, 2015. The term loan matures n t

atety to Le d certain financial ratios are not met Our Brazil projects Bahia The Bahia protect a financed with a BRIcoleriorninited term loan from the Brazilian Development Bank, which had an otestanding principal amount or approxmateli BRL 279 a million (approximately 585 1 million) as or Macon 31 2015 The terra loan metres