ective terms art cone/eons is as folows March 31 December 31 2016 2014 Ndes receivable' Alas FbklinQs. S A (note 5) 9146,166 Account payable. CR Operacenes y Mantenirrrento. S A 2 $ 98,611 $ 7 280 The maturity term for the balance payable extends up to 30 days from the coirespondrg invoices issue date

th related parties is summarized below 2016 2014 Various ccostristkon case capitalized to the Protect TCR Holdings S A af S 240,000 $ 1,180,786 CR Operacenes y Martenimentos S A la/ S 26181 $ 72,387 Administrao0n de Energies Repayable& S A Cl S $ 71,429 Erergia Selma de Honduras, S A 4.489 Firenc