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COMMERCIAL CREDIT FACILITY AGREEiIENT (Thales.Raytheon Systems Company purrhaso Contract) Among GEORGI .cdng throuoh ltr lrlnLlry oa FIn nc. Acting in fls capacity as 8olronp! Arr.no.d by SOCIETE GE ER^LE Ading'in itr c;paclty as Manffi Lead ArrangEr with SOCIETE GE EMLE A6{ng ln its capacity as original CornmercEl Londer A ad Aoent o 8 December2015 DEPARDIEU BROCAS MAFFEI AV O CATS En .@rd e taa !.,16, Iq pia..d.. orn ai6 .Ja6 Fr L F.ada ASSEMBL CT RC. .np&h.n bvb ub.dtdo. tu .ddllon d Et r!.6rirant cr (tcrra..D.o.. , D ^ lr. SOMMAIRE 1. 2. THE FACILITY 3. CONDITIONS OF 4. 5. REPAYMENT 6. MANDATORY PREPAYMENT 7. L INTEREST 10. CHANGES TO IHE CAI.CULATION OF INTEREST 11. RISK MITIGANT 12- REPRESENTAI1ONS .t3. 14 INFORIT,4ATION 14. GENERAL ,5. FACILITY EVENTS OF DEFAULT 16. EFFECTIVE GOVERNING .fl. 18. 19. AN'{EXES SCHEDULE 3, FORM OF CERTIFICA''E OF AUTHORIIY ANO INCUIVBENCY SCHEOULE 4, FORM OF CEf,NECATE OF AUTHORITY AND INCUiIAENCY OF THE 8UYER..,.,...,.,,,-. ,,,,,,......--.-.,-,- -26 OF THE BORROWER.....,..- .,....,..------.-..-27 THIS AGREE E {T b dated 8 Oocsmber 2015 and mad6 BETWEEN: GEORGIA sc{ng through lts lllnltby of Flmnco (lhe Bo,row.r); (1) (2) SOCEIE GENERALE, s Frcnch socbt, anonyfiE Y*lose Egbte.ed qfice i8 at 29 bouhvard Haussmann, 75009 Paris, Frsnc€, r6gistored with the commerclal and compsnles regisw of Rqs Pads, ac'ting as lrandatod L.ad Arang.r, Aosnt aod Paris und6r number 552 l2O A. O,lglml Commorclal kndor 2 WHEREAS A. Purcha3g Cont tct The Ministry of Oefence of Georgia (lhe Buyor) has entered lnto a puftfias€ contract dated 5 June 2015 with Thales-Raythson systsms Company sAs, whose legistored otflce is at t-5 avenue Camot, 91300 Massy, France, regbtered with ttl€ commercjal and companios registry of Evry under numbet 410 383,{67 RCS Evry (the S.llo.} for thg supply of equipment and 'l associated servlces (th6 Pu.ghaso Contra!*). p€rformod by the The total Frchas€ pric€ ot the equipment to bg d€llvered and servlces lo be (the Tot l Contract Prlc!) 52,650,000 Seller undq lho Purchase Contact amounts to EUR payable as follo,,ts: (a) as advanc€ payment, EUR 7,897,500 rcpresentlng 15% ol lhe Total Contraci Prlce (lho Down Paym.nt), B. (b) EUR 43,552,250 in respod o{ payrnonb refered lo ln allirleE 5'22'1,5222 lhe 5.2.2.3 (except for thg item ftder€d to ln the last paragraph of atlcl6 5 2 2 3 oI Purchase Contract) of tho Brlchaso Contract' (c) EUR 1,200,250 in r€spoct of paynenb relened to h flo last paragraph of adicle 5.22.3 of he Punhase Contract and anido 5.2.2 4 d tha Puldas€ Contrec't' a Common Temt Acrismont under lhe ln order to asslst tho Buysr in finarrcing squipmenl and servlces to be dellvgred certaln Purchaso Contrast $e Londers haw agreod to maks available b ths Bo'rgwEr of torms agreemoni common in a s€t forth facllities on te.m3 and subircl to coMitions to b€ hdlvldual evon datE hera|lth (the Common Tgtm! Aer'emonD 8nd ln tho following agr€eme4b: - h€rot'vith amons tlo a COFACE oxpolt crcdit fadttty agreement dated ol ov€n dltg Lenders A tb COFACE Bononor, fie Agent ana thg COFACE Lend6rs A wh€tsby maxlmum aolee b make aYailable to lhe Borrc!,lBr an expo't dsdlt ln lho aggrogat€ pinci&r "i*"t a eun 47,s35,32s.78 (he coFAcE F cllttv Acrem'nt A)' a commercial cledit facility agreement enlercd into under the lems and conditions herglnafle. set forlh among the Bonower, the Agent and lhe Commercjal Lendors A whoreby ths Commercial L6nde6 A have agrced to make available lo the gorolrer a tacilltyln lhe eggregato m8)dmum pdnctpat amount of EUR 8,20S,041.31. c. Commorclal F.clllty Agir.m.nt Th€ Parliss havo enler€d inb tt s agreement (the AgEement) in order to rccord the t6rms and conditions upon and io whlch tho Commerclal Lenders A haw agr€ed, subj€d to the terms and conditlons of this Ao,€€mont, to make availablo to lhe go.ro,/,€r the Commerciat F6cility A in th6 maximum agErog€te prlnclpat amount of EUR 8,296,041 .3i , the proc€ods of whlch aro Io b€ appli€d to tinanca the Ooum paymgnt and lh6 rslmbursement of the Rtsk Mitig6nt Fee to the Commercial Lgnde.s A" Suci Foceeds will bo made ayajtabte by the Commercial Londers A direcuy to tho Soller or lh6 Aoont. I ; 4 IT IS AGREED AS FOLLOWS: I. DEFITITIONS For thg purpases of this Agrogment, each aapitallzed terms used h€r€in, including in rccitals 'l thereto and not otherwise dolined horgin shall haw the meanings asctib€d lhercto in claus€ of ths Common Terms Agreement ln addltirl, tlg follo'vlrE lorms and erpressions, wfien usgd ln this Aoreement, shall herc tho following mesnlngs: Av.lhblftry P.rlod means the pe.iod sbrti@ fom tho Silning Dats and ording on tha dat6 falllng 5 monttE afier lhe Slgnlng Date. Avalltbh Commltrnant mgans lh€ Total Commitrneflts (a5 may bo canc€Ied or r€duced under lhb &rB6msnt ot ths Common T€rms Agte€,nert)' Buy€r shall have the meanlng glven !o lt ln the proamblo hereto' Commorcial F.clllg A m68ns lhe tem loan facility made availabls undor lhis AgrcBm€nt described in Clauso 2.1 Ohe FacilM. Common Toirnt Aoreemsnt shall have th€ meaning given to ll in tll€ as preamble hereto' Down Paymsnt shall have ths meaning glvqn to lt ln the pIsamblg h€rsto' Fadllty lrsfault moans a Facility EYont of Default o' any event o' cirqlmstance spocilled lll Oaus;15 (Facllity Events of Dsfault) whlch itould (with the explry ot I grace porjod' the glving of notlcs, $9 making of any d€lormination under thB Financs Oooumenls or any . combination ot any of lhe fotelplru) b€ a Facility Ev€nt of Oefault' Faclllty Ew ot Dctrdutt moans any ownt or cirolmstance 3pacifi6d as sudl in Clawo 15 (Faclllty Evenb of Default). F.clllty Fln nc. Party moans Ule Mandated Losd Atranger h connoclbn wilh tho or I commordal Fadlity A tho Ag€nt ln connecdon with ttlo CommorEial Facility A Commgrcld Lend€r A. Flnrl llltudty lldr means t|€ date falllrE 5 yesB affor h€ Sigdm Date' Fhrt R.Dryr.nt Dst€ means tho dat€ fslllng six (6) monlhs 8f,€r [16 Slgnlng Dat€ lnirrEt PaUttrlli fuo means 63dl dato fallilE 8i 5k (6) monh int€rvals trcm tho Slgnlng Datr untilthe Flnal Maturity D.te. lntor.lt Ps.lod msans, in rclation to hs Loan, each p€'fn &tqminsd in accordencs wilh Clauso I (lntq"8t Petn ds) and, h rsla{on to 8n Unpaid Suin' esrh p€tiod de6rmlnod in accotdencs wllh clsuse 8.3 (Defsllt lnb.o3U, Logrm6an3th€lo.nmadgortobemsdoUrd€rth.co.nm€r*{F*llltyAortleprtr'c|pal amount drHandlng for ho tjmo bshg of fio loan' 20021alrt-6 5 Ma,lorlty Londers means a Commerciat Lender A or Commercial Lenders participation (drawn and undrawn) aggregate more lhan A whose 66%% of lh6 Total commitments (or, if the Total Commitments have been reduced to zero, aggregated mo.e than Total Commitmenls jmmediately prlor to that roduclion). 66%% of the Margin means 2.10 (two poiht len) per cenl per annum. Origlnal Commercial LendeB A shall have the meantng given to lt In th€ proamble hereto. Party means a parlyto lhis Agreement. Purchaso Contraci shall have the meaning given to lt in the preamble hereto. Repaymsnt Dale means the rast day of each rnt€.est period, the rirst Repaymont Oato. one fafiing on rhe First Ropaymont lnstalmont means each schedulod inslalment for repayment oflhe Loan. RIsk Mitigant F.€ means the fee payabre to the Risk Mitigant provider pursuant ro rh€ Risk Miiigant lnskumenl A. Sollershallhave the meaning given to it in lhe preamble hereto. Slgning Oate means the date ofthis Agr€emsnt. Total Cohmltments means lhe commilments of lhe Commercjal Lenders EUR 8,296,041.31 (eJght miltion two hundred and ninety-six A b€ing thousand and forly_ono Euros and lhirly-one cents) at lhe date of lhis Agreement ro the oxtent nol canceled o; reduced under this Agrcerient orunder the Common Terms Agreement. Total Contract Prlc6 shall havo the meaning given to it ln the preamble hereto. Utilisation means th6 Loan. Utlllsatlon Dato moans Ihe dats of tha Utilisalion, b€ing tho made. dat6 on which lho Loan is to be Utlllsatlon Requost means a notice in the form of Scheduje 2. THE FACILTTY The Fadlltv 2.1 Sub.iect to the terms of lhis Agreemonl and the Common Tsrms Agreemenl, lhe Commerciat Lenders A make aveilabto to the Bodowor a t6rm loan faciljfy, i; ,n amount equal to tho Total Commiunonts. "ggr.gif" i"riru, The Borow", sha[ appry a[ amounts borowed by rt unde. finan@: (i) the commerciar Facirity A to Ev dlrEn Et/'nont to the Sellgr up lo a maximum amount of EUR 7,B97,5OO.OO, Dowll Payhonl, and E 2&2141f9_a 'lFF the (i0 2.2 bv dll€6{ o€vnent to lhs.Aoont: up to a malmum amount ol EUR 398,541.31' the relmtursemont to the Commerdd Lende6 A of all o. part of lh€ Risk Miligant Fee. Tha B.i{|rhlbt'. obll.i'itlon. .nd lh. PurEhaso Contr.ct (a) The Bonowor's obllgations (lncluding, without limihlion, iis paymont obligations) under lhls A0ae€monl arc unoordtlonal and lnevocable and accoadlnoly are ,loti (l) subiecl to o. depeMent upon the exedrtion or performanca by ths Bonou'Br. th€ Seller or any other person of its obligatioB under tho Purchaso Codra" 6 any agr$mont rslated lh€reto; no. (lD afroqt€d or dischaEpd by any matisr affscting tho Purchass Contrac't induding th€ followiig: (A) any dlspule under the Purchase Contracl oor any claim whbh tlle Borowor or the S€ller or any olher po6on may havo agalnst, or consHor that lt has againgt, any p€ason und6r fle Pu'chase Cont"act: (B) the lnsolverrcy or dlssolution of the Sell€r: (C) any aclbn fi insclion (wh€ttEr negligent or by wilful misconduct or ftaud) ol fle Soller (o. any of ils agenb, @nuacto6, offo€ra or emPlotBes); . (D) 0lg Sollor b€ing subird to an amalgBmaton, demorgBr, m€tg€r or rooaganization; (E) 8ny unenforceablllty, Illegality or invalidity of any obllgation of eny person urder tho Purahass Conhact or any doq,monl$ or agrgom€nts rdating b th€ Pu.dlaso Cont'act o' (F) tl|6 bloach, ftuslratlon or noG{rlfilmont o' 6ny provlslon of tle o' Rrrdtas€ Contracl o. any doc!m6[b o' so'€om€nt! rolated thqBto t|9 dcsEuct-o.|, non-compl€tbn or ru!funclioning of tho equlpmEnt delivercd pursuant to the Purchas€ Conuld; ial condition of esdl 8td tl€ Borctsr acknowl€d€Bs tlEt the Ior9lping b an €6s€t Commqlhl Londsr As snby hb lhig Aor3omsnt' rblTheEorows.sgro6lrlstitwillnotdaimtoborolt'v€dolt|op'rfornancoofanyof by r€ason ot sny laiuro' dda- y or.. dslault iE ;,iea0o* inder hu ngrement ,fr"mir". on tt p"rt A $€ Sollor or ths Burtr ln lhe pefonnancs o' its obligslions und€r tho Purdlasr Corfact' 2.3 unless allthe Facility Finance Parlies agree otheMise: te\ 200214179-l Financ€ OooJments aro the oblloatlons of each Facilily Finanoe Party under the f",fr- oya facility Frnanc€ Party to pertorm its obligations does not affect "."r.il"o th€ Financ€ Documents; the obligations ofany other person under (b) oo Facirity Finance parly is responsibre for the obrigations of any other Finance parly underthe Finance Doc!monts; (c) (d) 2.4 Facirity the rights of a Facil,y Finance parly under the Finance Docum€nts arc separate and lndependent rights; a debt arising undea th€ Financo Documents to a Faciljty Finance party is a separate and independent debt. No dutv on fho Facllltv Flnanc. par{os Ih6 Facility Financ€ parties shall have no duty or liabjlity whatsoever Bomower any irformation which comes to their knowledge regarding Purchase Contlact except as e)(pressly providod for in this 2.5 to communicate to the the pedormance of the Agreement. Monltorlno No Faciljty Fihance party is bound lo monjlor or verify lh€ application ofany amounl bor.owed pursuanl lo this Agroement. 3, CONDITIOI{S OF UTILTSATION 3.', lnltlal condl0ons precodont Tha obligation of the Comftercial Lenders A to mak€ lh6 Utilisation und6r the Commercial Faciliiy A shalt be subject, prior to or on the date of the Utilisation Reques, to ru".ipt UV fn" Ag€nt: (a) ot lhe documenls and olher evidence set forih in Schadulo 1 (Common Condilions Precedent) of tho Common Terms Agaeement in form and substanca sattstactory fo lhe Agent, (b) of the documenls and other evidenco tisted in Sciedulo form and substance satstactory to the Agent. i (Conditions prec€denl) in 3,2 Furlhei condlitons onr.dant Th6 obtigation of the Commerctat Lenders A to make the Utilisation under lhe Commorcial Facfliry A shal be subj6ct, on th€ dare of the utirisat,on n"quesi aio on-tr,l1_,,ifiition o",", rn a manner Galisfectory to the Agsnt, to lhg following (a) (b) conditions: tho Agent has recgived the Utjlisatjon Request; th€ Aosnt has received, together with lho Utilisalton Requ".1, th€ invoica of th6 Seler relaling to tho Down paynent and a copy of lho ad*r"" to in lh6 purchese Conhact; ,"_""i nr-"i* ,"an* (c) no Facitity Defautt is continuing or would result froft the propBed Utilbation; 8 (d) the BpresontalrorE and warrar{ies whbh are lhon !o be made o. d€emed to be rcp€atod by the Bono*€r urde. Claus6 12.3 (nm69 wrEn rcpresentatlons arc made) 6a€ tus in all matorial r€8pecls; (e) the maklng of lhe Losn wouU not cause the Total Commit nentrs to bo oxceeded; (, tle Borotr€r has pakf the Risk Midgant Fee ln firll to the Ao€nt pursuant tc Oause 1'l (Risk Mitgant F€e) or $€ Risk Mitiganl Foe will bo paid in tull io tho Agent by wav of the UIllsation under the Commercial Facjlity A; (s) tho AcBnt is satisfi€d t|at U|e Co.nmsclal Le.dsrs A have €ntercd lnto tt|€ Rlsk Mitlgant lnslrumont A and that such lho Risk Mittard lftslrumo,t A b ln tull ,orca and efrect (h) any Authods{rtlon, Bqulred for lhe purposos ot this Aoaeomont has b€on gbtainod and remains in lull force and 6fld; (D the &pnt has recehrod confrmatjon ,tom th6 agBnt under the COFACE Facility A lhat the COFACE lnsurarca Pollcy A b ln full force and efloct and that all lho coMitlons prsc€dsrd s€t forfl in secllons ,, 2, 3 8Id 5 ot Schedulo I of ttt€ COFACE Facllily Agreernent A have b€on satbfi€d on lsrm3 satistaclory to lhls agont; (i) he Eonovrer has not chalenged or re\,oked ttle payment m€chanbm s€t for$ ln' Clauso 4.'1. Marimum numbo. of Ullllsation No more than one Utilisation can bs made. UTILISATION - IRREVOCABLE OIRECT PAYI'IENT 4.1 l!eve@ls-d!!!s!!cl@eE (a) (b) The Commercial Facility A shallonly bs made available: - by dlrcct payments to the Seller for f|e Paym€nt of lhe Do{n Payrnent accodance with lhe lerms ottho Purchase Conhaci, and - by direct paFent to lhe Agent for lhe rcimbursgment to the Commercial Lende6 Aof lhs Risk Mitigant Fe6' ln Gspect of paymgnts to the Agent, the Loan will be made available by Commercaal Lendors A dirocuyto ths Ag€nton behalf of (c) 20021al?,-l ln th€ tho EorrowBr' In respect of payments to the Seller, tho Loan witl be mado avsilable by the Borrovrc' by the Ag€nt Commercial Lenders A direcuy to the Seller on behaf of the specifiod in the relevant c.editing the proce€ds ol tho Loan lo th6 accoont of tho Seller UUllsalion Request. I Strbioct to the olher terms and conditions of lhis Agr6€ment, payrnents shoutd be made to the Seller within no morc lhan ten (iO) Businqs Oays from tho dal€ the Agent has received, in form and substance salbfaclory to th6 Agenl, a duly compteted Utilisation Request. For such purpose, the Bonower hereby glveg lnsbuctions to the Commercial Lenders A and the Aoent to pay th€ porfion of the amount of ihe Utilisa(on co.responding the Do$/n Payment direcily lo the S€ller. (d) to The Bomwe. acknowledggs that any amoonts creditod to tho Ag6nt or th€ Sellsr itsef pursuari to this Agloemor 6hall constitute the Loan made ava able to th6 Bonowsr for th€ purpoces of thls AgroomEnt. (e) The Bonotve. furtlE act |ol{ledges that no Facjlity FiMncs party has any obligation b vedry o. ensure the genutnon€ss or accrllacy of Ule attachmenb to lh; llitisation Request submitted by th€ Bonower. (0 The Agent shal, notry Io the Bor.ow6r tho dat6 and amount available to lhe Bono$cr by direct payoent to he Seller ard 10 (ton) Business Days trom $e relevant Ulllsation Dato. (S) of th6 Loah made the Agent no later than Th6 Agent will mainhin ln lts books an a@ourilng systsm showlng th€ amount of lhe princlpal denominaled ln currency of the Commercial Faclllty A o;tanding under the &rssm€nt. Tho accounting system sha ln lhs absencs of manifosi enor, be @ncJuslvo as lo th€ amount owlng by the golrotvgr under th6 Agrcoment. , 4.2 rcomoLtton o th. U0ltldldi Ratraat The Utilisation Requ$t is krovocablo and will not be reg€rded unless: as having b€en duly compteted (s) he utlli$tion Oato is a Bustness Oay wtthtn fD Avaiabitity podod; (b) the cunency specilied h the Utillsation Reque8t ls EUR; (c) the amounl requssEd byth€ Boarotret shat not ox6ed the Avallablo Commlunent (d) he Boro$/or altaches b tllo Utilisslton R€qu$l e! Et€yant doo.lments required to be provided as por th€ form for the Utitisation Roqu€sl (s) tlie,Utilis€ on Request i5 oxgoJlsd by 6 per6on duly authqisod tho Boarowsr. 4.3 *trr"dory r" rhi Agiii "M to do so on b€ha,f of Lnliai,i*lieiihrilqr (a) nolfy oach Commorcht Lerd6r.A of th6 amount of f|o Lo€n, IeAgsnt:hgleroryty lne amount of itslEllupauon In the Loan, hr ecco{nt for such purpose ard otler mo.naton conhined in he Utilkation nequrhl rio later han h|a€ Busin6$ DeyB b€foro h€ Lruthalbn Dat6. 10 (b) 1.4 lf lhe conditions sot out in this Agreement have been met, the Commercial Lenderc A shall make their parlicipalion in the Loan available by the Utilisation Dato lhrough theh Facility Office. Resoonrlbllllvofihe Aosnt ln examlnlno the documoila The Agent shallnot be responsible forexamining the documents: (a) provided pu.suant to Clauss 3.2; o. (b) included with or attached to the Utilisation R6quesl; except to asclrtain that they appear on iheir face to be in comdiance with the requkements of the Financ€ Documents. For lhe purpose of this Clause, aPpear on their fac€ has tho meaning ascribed to it in lhe latest version of the Uniform Customs and Prac{cg for Documentary Credits of the lnlemational Chamber of Commercs (at presont lhe latest ve6lon being ICC Publication UCP 600 -2007 version). 4.5 cancellalion of Total Commllmgnl (a) Ths Total Commitnents which, at that timo, are unutitised shall b€ immediately cancelled at thsond of lhe Availability Period (b) 5. lf no Utilisation has been made available under tho Commercial Facilily A 5 monlhs afior rhe Signing Dato, the lotal Commitments shall be lmmedlately cancelled unless otherwise agreed between the Commercial Lenders A and the Borower' REPAYMEIIT 5.1 SglsEIl (a) Tho Borrower shall repay ths Loan as lollows: (i) The Loan shall bB repaid in foll in ton (10) conseoJtive ssmi-annual instalmenls of equal amounts in priraipal' (i0 The first Repayment lnsialment must be paid on the First Repayment Date gach Ropayment and subsequent Repaymenl lnstalments must be paid on Oale thereafter. The final Repaymont lnstalment must be paid on lho Final Maturity Date, and any R€payment lnstahont that would oth€Mise fall Maturity beyond the Final Maturity Oate shalt be de€med to fall on tho Flnal Dato. (b) provide At soon as praclicabl€ atter the end of thE Availability Period' th€ Agont shall sciledulo of tho actua! to lhe Bono'r.'er and the Commercid Lerde6 A a repayment R€paymont lnstalments which are to be paid by ths Borower' (c) Tho Borows may not re-borrow any pad of ihe Comm6rcial Facility A which is repaid. 2002lalra-a 1t 5.2 lf the Loan Is p.opaH ln accordance with thls Agreement and the Common T€rms Agre€mont, then lho amount of Ihe Ropaymenl tnstalment for each Repayrnent Date falling;ftEr that canc€llalion or prcpaynent (as appticable) will bo rcduced in InvoBc ch.onobg;t order by the amountcanc€lled orthsamount ofthe Loan prepald (as applicable). 6. MATOATORY PREPAYIIEII 6.1 ,iflir.ittv I lf it is or tEcomes unlaMul in any appllcable i,urisdicllon for a Comm€rcrd Lender A to perfonn any oJ its ouigation6 as conlemplated by U s Agloem€nt or to turd, participation rn tt'" uliriratbn or it b€comes unrau/fur for $at Commerclal Lender A io do so: bsue o. malnbtn lts ft. any Affriate of a conmerciar Lender A (a) that Commsrcjal Lendor A shall promp{y notity lho Ag6nl upon bo@ming alvarc of that event (b) upon the Agent notrylng the Bono$€r, the commlunent of thd ln tho Totsl Commitrnents will b€ immediatoly cancelled; and (c) Commercial Lender A thg Bororvo. shall .epay that Cofimercial Lende. As pa.Uclpa on ln the Utilisation mad6 to the Bonorver on the last day of the lnterest period ocqrning after th€ Agsnt has notili€d hs Bono,tar or, if oadier, th€ date specmeO Oy ttre Commerciat tenal e in tho notlce detivered to the Agenl (betng no eadier than lho last appllcabls 9rac6 period pernttted by taw) and the commttmont of day of any that Commerptai L6nde. A ln the Tohl Commitments shall b€ cancslled in fhe amoum of tne pa.thipallons repaid. lf th6 Bonower s6lls, lransfers or disposos of tho equipment purchased under the purchase Coniract so ihal tho ownership or the rjght of disposal o, such equipment ts lransfeniJ to a person other than lhe Borower, lhe Borro\ €r ghall lmmedjately repay the Loan in full and lhe Total Commitmenls shall becancelted. 7. RESTRICTIONS 7,1 Any notice of prepaymenl, aulhorisation or other election given by any pady und6r Clauso 6 (Mandatory prepayn€nl), ctause s (votuntary prepaymenianu ioiro, cancihtionj oi*r" Tems Agroement or oleuso 6 (Mandatory prepaymont _ Sanctions) o, t"'Coiio. f"rfi" Agreement shal (subject to the terms of those crauseg) be Inevocabio and, unress a contrary indication appears in this Agreement or th6 common Terms Agreemenl sLlf 0"" or dates upon which lhg releyani carcellation or prepayrnent is to be mada and the amount of that cancellation or prepaymenl. ,p"O,i" 12 lntorosl ard othor tmount3 7.2 Any prgpaynent undor thls Agreement or undBr the Common Teams Agreement shall be made together wllh acc,ued interest on lho amount pr€paid and without ptomium oa penalty sav€ for any Break Costs. 7.3 l{o rrbonrrwlno The Boroty€r may not rs+o..orY any pad of tll€ Commsdal Facility A whlch 15 prepald. 7.4 PBiiaviront lr lcoordarc. tl0i ]lotlomfit and Common T.Ifi! Aandriqtt The Borofl€r shall nol rspsy or Fspay 8ll o. sny pad of the Utillsation or cancel all or any part of the Total Commitrnents exc€pt at th€ times ard in th€ manner expr68ly providod for in this Agreement or ln the Common Tenns Agre€m€nt 7.5 Aosnf! Ec.loi of t{otlc6. lf the Agpnt rec€ivE a notlco urdor Clauso 6 (Mandatory Propayrnont), clauoe 5 (Voluntary Propayment and Cancellatlon) of the Common Tems Agrcernent or dause 6 (Mandabry Prepayment - Sanclions) of ths common T€rms Ag.€emenL it shall promp{y forwad a copy of that notics or oledion to either lhe Bonows or tho affedod Commerclal Londer A, aE appropriate. 7.6 propaid, an amount lf all or part of thg Utilisauon under lhs Commercial Facility A is repaid or prepaid) in of the Tolal Commitrn€nts (equalto the amounl of the lnilisation whici is repaid or respect ofthe Commedal Facility A will be doomed to be cancelled on lho dato of repaymant or prepaymsnl. No amountofthe Total Commitrnenls cancelled under this Agraement may be subsequently rsinstated. IMTEREST 8.1 Crlculation of Intoroat Th6 rate of interesl on lhe Loan for each lnterest Perkld is he percantage rato per annum delermined by tho Agent to be th€ aggregate of: 4.2 (a) EURIBOR;and (b) the Margin. Med.dirEEd Ths Borrower shall pay acc{ued interest on the outstandlng amount of the Loan on paid to the Ag€nt (for the account of lnterest Paymont Date. ln all circumstanc€s, any intor6st paid ls and not refundablo (exc6pt ln case of 6ach Commerchl Lende. A) ls definitively eac*r manifosl enor). 2t 02la17l-6 13 Oefault Interest (a) lnterest shall accrue on each Unpaid Sum due to lhe Facl ty Flnance partjes from jts due date up lo the date of actual paynsnt at a €te which is equal to EONIA plus the Margin plus 2.00%, during lhe perjod ofnon_payment. Any interest acc.uing u;der lhis Clause 8.3 (Defautt interest) shall bo immedialely payable by the Borrower;n demand by tho Agenl. (b) Default interesl (if unpaid) arising on an Unpaid Sum due to the Faciljty Parljes will be compounded with the Unpaid Sum at the end of oach Fmance lnterest period applicabte to ftat Unpaid Sum (to the extent permi(ed by applicabte laws, it being the Unpaid Sum due to tho Facitity Finance parties if th€y ar€ du€ for morc lhan twelve months) specified that, as of the Signing Dato. interest may be compounded wjth but willremain immediatelydue and payable. Notification of lnter6sts 8.4 The Agenr shari noriry ths Bonower th€ amounl of interests due in respect Period. o, each rnteresr INTEREST PERIODS lni€rest Perlods 9.1 (a) (b) (c) (d) The Loan has suctsssive lnlerest pe ods. Each lnrerest Periocr shal have a duration ot six (6) months save for the initial rnrerest Period for lhe Loan wlrich wjlt be the period lrom and Inctudtng lts Utitisaflon Dare to and including tho next lnlerest payment Oate. Each subsequenl tnlerest period wil start on the expiry of the peceding lnte.esl Period and end on the next lnterest payrnent Date An lnterest Pedod shall not exterd beyond lhe Fina, Malurity Date. Non.8ulinss! Ils6 9.2 lfan lnterest Period would otheMise end on a day whlch is not a Busin€ss Day, th.t lnterest Period will i0stoad end on the next Business Oay 'IO. CHAiIGES TO THE CALCULATION OF INTEREST 10., Failurr of a Rot rlltc. gank io luoplv..ria ' subjoct to chuss ro.2 (Merkot dr'rupfion), if EURTBoR is to b€ dote.mrned by referonce to tig Refsrence Banks but a Referehce Bank doos not suppty a quota on by if ,6O 1e"na lime) on thoeuotation Day, th€ appricabr€ EURTBoR ",'n. or sha L6 d;teinrned on n u..r" quototions of $l€ rofliilnlng Rqfsrenco Banks. " to 20i,2,1a179:6 14 10.2 Market dlsruotion (e) lf e Markei Disruption Event ocqrs in relalirn to the Loan fo' any lnte'esl Period, lh6n the Agetit shatl promptly notify the Parties ther6of, and (6ubject to any altemative basis agrsed 6s contemplated by Clauso 10.3 (Alternatrvo basis of interest orfund ng) below) tho rate of lnterest on each Lende/s share of ihe Loan for the lnterest Perlod shallbo tho p€rcontago rats per annum which b the sum of: (i) (ii) th6 M,argin; and ths rate notlfied to the Agiont by that Commerdal Lendor A as soon as praotlcable and ln any 6vent by dose of buslnoss on tho date talllng live paid ln tespoct Business Days prftr to the date oo rvhich interest it dug to b€ per of that lnterest Petiod. lo bo UtaI whlch orpress€s as a p€tcentag€ rato annum the cost to that Comm€rcid Lende. A of furding lts share in lhe frcm whatevea sourco it may reasonably solect. (b) Loan ln this Agr€€ment: ilari.t Dl']uptlon Evod means: (i) lor the rclevant lnterest Pedod, the Sc.eei Rate ls not available and (i0 b€forg close of busln€$ ln Padg on the Ouotatlon Day for the rolevsnt lendsr A lnt€r6st P6riod, the &9nt roceivss notitications ftoT a Cornmercial o. Comm€rclal Lsndors A (whco padlclpalhos ln th€ Loan €xceed $%% o' ho Loan) lhat the cost to hem of obtaining mabhlng deposits in tho European interbank ma et nould b€ in 6xcoss of EURIBOR fo' th€ rslovant El,rRlBOR ls to bo calqj8ted by rdotanco to ths R€f€r€nca Banks but nono' Bank or (whers lher€ is more than o.|a Rgfer€nca Eank) only on€, R€forence supplies a rate to th6 Agent to detqnine EURIBOR fol the t€l€vanl dlrency and lr{erest Pedod by 1 1 :00 a.m. (Palk tlme) on the Ouotatlon Day' or lnterest Pedod. lO.3 Altornatlvo ba!15 of lnlercst or tundlno (a) lf a Market Disruption Event occllrs and th€ Agent or lhe Bonower so requires' lhe (for a pedod of nol more than 30 Agent and th€ Borower shall €nler into negoliations d;ys) with a vlow to agreeing a substitulo basis Ior determinlng lho rato of (b) inlerest' prior consenl of Any altemative basis agreed pursuant to paragraph (a) shall' v'ith the Parties' all the Commercial Lenders A and the Bonower, be binding on 8ll 10.4 EI4!!9E!9 (a) 20021ai79-a Facility Flnance The Bonor€r shall, wilhin th,oo Business Oays o' demand by a or any psrl of to all Party, pay lo that Facility Finsnce Pa'ty its Break Costrs atltibutablo e day oth'r than the lntorest the ioan'or Unpaid sum boing psid by tho Bonov/sr on or Unpaid Sum' Psym€nt Oate or the lasl day of an lntglrst Period for lhe Loan 't5 (b) 11. Each Commercial Lender A shall, as soon as redsonably praclicable af,er a demand by th€ Agent, provue e oerbficato confimlng lhe amounl of its Baeak Cosb ,or any lnlerest Period ln Mich lhey accrue. RISK MIIGANT FEE (a) The Bo.rora/er shall borr the cost of reinburslng to the Aoent (for the account of each Comme.rhl Londer A) the Risk Miug€nt Fe€ duo b th6 Rlsk Mitig6nt prcvid€r under lh€ Risk Mitigar lnstrument A (ircluding any incrBas€ ln the amoun( of the Risk Miligant Fee). (b) As at he dato of his Agrwment ft€ Rlsk Ml0gant F6e b Gtinatod to bs equal io EUR 3S8,541.3r. (c) Ths Eonow€r shall not rabg agalBt any Commorcial Lend6. A sny claim or defence ln relatlon lo lhe caldristion, payn€nt or rsfund of (or the failurs lo ;ay or r6fund) any pa.t of tho Risk Miligant Foe. (d) The Bono$,Er ackrDxledg6 that tte obligstion to r€imhj.3e the Rbk Mitig6nt Fee related lo lhis Agr€ement is sbsolute and uncondltiroal. (e) The Eorourer acknowledgps that the Rlsk Ml gant F€a shafl bo paid upfiorn with the Ulilisation being made under the Com;6rdal FaAIity A. Iherefore, the Bononai lrclrocably and uncondiliomlly agrees to pey to tl€ an amouri Risk Mitigant Fe€. (f) &€nt Th€ Eonowrr acknort,iodges thst ths Risk Mifigant Feo 18 nol rsfurdabte aea8on whatsogver. 12, equal lo lhe for any REPRESE TANOIS The Eorower makes lhe representations and wananties sel oul in this Facjlity Finance Party for itself. Clause 12 to each 12.1 To induce the Commercia, Lende6 A and the Agent to enter into lhis Agreem6nl, lhe wananrios cmtalne-o in crause ta of tho Common To.ms AgEement which foms an integral part heraol as i, trey taO Oeen tutty set out in this Agr6ement ard made as of the Efi€{iivo Dato. Borrower hereby confirms each of the r6presenrallons and 12,2 (a) The PuEhase Confact comptios with th6 lalvs and .egulations of Georgia and a[ Aulhorbalioos have been oblalngd as requirsd undff tho laws and ,"g-rt"tiona ot GeoBia to enabJe th6 Bonows. to perfo.rn lts ouloatons tieround€r. an2111tlr_t 16 (b) As at Ihe Effective Date: (i) the copies of the exlracts of the Purchase Contract relating to th€ paymenl t€rms dolivered lo the Agenl pursuant b Clause 3 (Conditions of |Jtilisation) are true and complete in allmalerialrespects; (ii) the Purchase Conlract will come into forco and offect upon, inter alia, lhe Paymont of lhe Down Payment, (i0 there is no other agreement in connection wilh, or armngements which amend, supplement or affecl the Purchaso Confact;and (iv) there is no dispul€ in connection with ihB Purchase Conkac't; (v) between the Signing Date and the Efiective Date, lhe Buyer has not varied' amended or waived without the consent of lh€ Maiori, LendeE any material provision ot the Alrqhaso Conkact so as lo ensure that performance of thjs Agreement is nol impaired in any way by such varialion' am€ndmenl or waiver, including jnter alia lhe paymenl le'ms of the Purchase Contract .olating to the Down PaYment' 12.3 Tlmos whan Boroaontatlons ats mado (a) All th€ rep.esentations and warrdnties in this Clauso 12 ato made by thg Borower tho Effective oale (b) g'ven at a specific date' all lh€ represenlations and waranties in this Clause 12 (including the representalions on Unless a representalion and wananty is expressed lo be 3nd waranties refered to in Clause 12 1) ale deemed to be made by the Borrower on the dat€ ofeach Utilisation Date and on lhe firct day of each lnterest Period' 13. INFORMATIO UNDERTAKINGS as any The undortaklngs ln his Clause 13 romaln in force from the Etroctivo Oats for so long or amount due to lhe Facility Finance Parties is outstanding undsr lhe Finance Doclments any Total Commitnents are in force. {3.1 Informatlon:mbcallaneous - The Bonow€r shall supply lo the Agont: (a) prompuy upon becoming awars of lhem, the details of any litjgation arbitration or sdminislrative proceedings relating lo lhe Purchase conlracq (b) all am6ndmonts to the Purchase Conhacl relating to' or which may havo an impact on, tho Pafnent terms; and grounds for The Borrower sha[ norify lho Ag€nt of any material breach' or if It has reasonablo under lho belief that hsre will be any materlal breach of ils or ths Solle/s obligaiions Purchase Contract. 20021a179_a 17 13.2 totilicatlonofd.fautt (a) Tt|€ Bo[ou/e. shafl notiry lho Agent ofany CTA D€trault o, any Facitity Default (and the stepr, lf any, b€ing taksn to remedy lt) promp{y upon b€coming awaro of lts occt r€nce. (b) Promp{y upon a requost by the Ag6nt, lhe Bonower shal supp{y to th€ Agent a cerlifrato sioned by an aulho,lsed officer of the Minisw of Flnance of Georgh thal no CTA Detault and no Facility Default is continutng (or f a CTA Oefaun;a Facitity Default ls continuing, sp€cifying the CTA Detault or a Fac lty Dofauft and th€ steps, any, being taken to remedy lt). (c) ; Th€ Bono$rer shall notiry the Agent of th€ occu.rsnce of any event wfiich may lead to an obllgElion of ihe BononBr to prepay tho Loan pursuanl to clause (Mandatory 6 Prepayr€nt - Sanclions) of the Common Tems Aorreemenl or Clauss 6 (Mandatory Prepaymenl) of the Agroement. 14. GENERALUiIDERTA'$IGS The undertaklngs ln this Clause 14 rEmain in forco frcm the Efiocih/g Dat€ for so lorg s3 any amount due to lhs Facility Flnance padles is outstanding under ths Flnarrce Documents or any Tolal Commltnent ls in force. l4.l Corrridlfhiiailrtr*riEnt Tho Borlowgr cot onanls and ag.ess lhat ur{il all obllg€dons under hls &r€ement are paid in full unless othorwise welved in wd ng by the Commercial LondoB A, shal observg and perform the unde akings set forth in clause ,lS ot lh€ Common Tems &rgem6nt which fonns an intogral psrt of s Ag,r€m€nt. i f 14.2 P!,rhr.o Cont .ct Ths Bonons sh€ll prooJre lhat the Buy€I shall: (l) not asllgn or flnsfo. any of lts righb o. olriusuo.E und* irr6 purdla$€ ConFad; (ij) obs€rv€ ard p€rform a of ils obtEations and oligrwiEe oomply Witi all the pf0yhhtl6 of lhe Purciase Contrac{; (ii, malntain and exercise and €nforcs all of lhs righls and remedios available to it under lhe Purchas€ Contracl in a timely manner and so lhat the Boarower js able to comply with its obligaljons under thjs Agreement; (iv) make all payments requhed to be mad6 by it undsr the purchaso (or within any appliGble grace p6riod) and in the (v) Contracl at the times mannerrequked thereunderj nol vary, amend or waive without the consent of the Majo.ity Londers any mateial provision of lhe Purchase Conlract so as to ensure that p€rfohanc; of lhis Agreeftent is not irfipaired in any way by such varjatjon, amendment or waiver, including inter alia lhe paymenl terms of lhe purchase Conlract relaflng to ths Down Payment. 2@2!1119-a 18 !I E la.3 dg!!9rli!4!q!g Th6 BongwBr shall prompty obtain, comply with 8nd do all that is neca3sary to mainlaln ln full torce and eiecl any Authorisatlon rrquirsd undel any law or regulatjon of Georgla to: (a) er|ablo lt to p€rtorm its oHigalions urd€r the PurE+Ese Contrac't; (b) €rE{r€ lho logElity, valuity, orforce.Utity or admissb0ity h svk utco ot the Purchase Cont'acl. I5. FACITTY EVEiITS OF DEFAULT Eech of lh6 ovenb or clrcrrmstanc6 sst out ln thk ClaJse ,5 is a Fscllity EvEnl of Default (savo for Clause 15.7 (Accd€ratbn)). l 5.t Cdititsn Trim Lltcmtit Each of the CTA Evenb of Oe{ault sst torlh In dauso 16 of tho Common Tems Agrcomenl whidr foms sn lntegral patt of this AglBemsnt ls a Fadlily Ev'nt of Defaull under this Agroem€nt. 15.2 CqFACE ll.rir.nc!:Pollov AA RiaLilltolllr ftrtEir]tlg|r^ The COFACE lnsurance Pollcy A or lt|e Rlgk MiUgEnt lnstument A b fully or partially witfurawn, st8pondod, tormimtgd or carrcdled o. oth€Misa c€asss to bo in full forco atd (as etrec{ or blrding on and entuir€aue soEin3t COFACE o' ths Risk Mitigant PEvid€' relevant). 1s.3 &I$lgo[rsl Tho Pur(rla3e Contr.ct ir modifi€d in volatlon of tho torm8 of this Aoto€menl' The Purd|aso Co.ltsacl b inlenupted or 36p€rdod o. b cancollsd or 19 6ady t€rmlnabd' Thg turch8se ContEct is unde any ldiiC have a lrffil Adt6ss Efiect o. biFatioo Foc'€dlm tfilch has or b lil(oly to 15.4 (a) lt ls or becomos unlawful for the Botrovi€r to perform any of ns obligatlon6 undor the turchase Conlract. (b) tuy obllgatjon o. oblbabns of tllo Bo}tr under U|9 Purchas€ Contract are not or ceas€ to bo l69al, valir, tindlE or orforcoablo' i5.5 llBlgBldrod-crcdElrE Any act neca3sary und€r the larr,6 ot Goorgia to onable tho Bu)'Er to porform its obligations or unde. tho Purdtase Contmcl or any t?nsaction clntemdated thollby ls wlttdrawn tho or b€6n obtained' or not €fiecl or shall oth€Niso osaso to b€ in tull foroe 8nd modm€d Buyer.epudisbs lhe Purchase Contract or svldences an lder ion to repudlate ttls Coflbact Pu(*las€ 19 l. 15.6 COFAC. E Fac ttv A Any ev6nt dofin€d es a .Facility Eveht of Oefeulf under tho COFACE has ocqjrr€d and 19 collunulng. Facility AOr66menI A 15.7 Acceloratlon On and at 8ny time afier the ocqrronce of a Fadlity Ev6nt of Hault wtlir* b continutng the Agent may, and shalt so dlrEcted by the Malodty Lond$s, by notbe to tho Bonou,Br: (a) cancel tho TohtCommttmq|b at whtch me thsy sha[ tmmodlatoty be canco[ed; (b) dedaro that all 6 p€rt of the Loan, togelher r{ith accru€d lnblrst, and all oth€r amounb accnd or outstandlno duo to thg Facllty Finane parles under the Fi.Ence DoGrments be immediably dus and payabl€, at whi* lime ttrey shaU Uecome imm€diet€ly duo and pa)€ble; or (c) 't6. exercrse any or a[ of fts rights, remedres, por'rs or drscrsdons under the Frnance Doa{rmenls. EFFECTIVE DATE The Parties agree that the rights and obtigations of the parties under lhe Agreement shatl come into force and effect on lhe Effective Date as pe. the provisions of ctausle SO leffeaire Date) of the Common Terms Agreements whjch foms an pad int€gral o, this lg,e"reit. GOVERNING LAW 17. Th;s Agreemenl js governed by Faench law. ,8. JURISDICTIOI{. ARBITRATIOII Any dispute relating to lhe validity, conskuction or performance under thls Agreement shal be setted in a@ordance wjth tho provisjons of clause 29 04 the Common which rorms an integralpart of this Agreemenl. i"-" ng;_ent COI.IPLETE AGREEMENT 19. The Flnance Doc{rments contajn th6 ctmplete agroemenl bdlw€sn to lhe parlies on the maflers are relaled and supersodo all prior cgmmibl€nls, .which .lhey undeBlandings, wh6lher wrjtten or oral, on those meners. "ol.""r"n,"_ anO THIS AGREEMETIT has been ontered tnto on the date stated at ths beginntng of thts Agreementand made in 4 odginals. 2ln21t1t9_6 20 SIGNATORIES THE BORROWER GEORGI,A Bf Nodar Khaduri " "n*r***;;;1 SOCIETE GEI{ER^LE B)4 Eric Allaln des BeauYais E)eort Financo Defence, Security & Satellites SOCIETE GE}IEMLE By: E ic Alaln dos B€auvais Expod Finsncs Dgfence, Se@rity & Satdliteg 20014179-0 21

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SCHEDULE I. CONDITIONS PRECEDENT COI{OITIONS PRECEDEiIT TO NMAL UNL|SANON Cortlflcalgr of lncumbency ard authorlty 1. The Agent shall have received an odginal of the ce.tjficatg of incumboncy and euthority of an authori2ed rep.$6ntatiE of tE Bu)€r srrbstantially in dr€ forn c, ScHut 3. The &enl shal ha!/6 rccoived an original of th€ cen icate of inqrmb€ncy ard autflority of an authorlzed r€prcsentauvs of lh6 BonowEr substantially in the form it. of Schedule Rat tlcation A0""1 hava rac€ived a copy ceditisd as a tue copy of the Resolution of the 11 "F]t Padlament of Geo.gh on ratiticaflon of the Common Tems {gneement and Agroemont; ; Facility L.g.l oplnlon Th6 Agent shall have receiv€d fle following documents, h forn, scope and substrance satbfactory to the Original Comhercial Lerders A and addr*sed fo 0,. Coir"r.i"f LendoB A: (i) I srgn€d regar oprnron by a dury repr.sentative of hb MrnEty of Justice ot c€oryra (i) on fle due ratFcatlon of he Common Terms Ag[g6mod anJ e.ch Facility Aor8emeit by the Partiament ot G€oeh, (i0 on the teoatity, va aity ana Flmnce Doqrments hom a Georglan law perspecir\ro anO eutho.i.sations of ths Minislry of Financa of Gecgta Documents; enfcceabliiy of Ure lili; on ttre op""lty "nO O ento tnto ttre itnance (ir) I slgned regar oprnron by an exremar Ggorgiao rafl frm acceptabre to rhe L€nd€rs, G€orgian law counsd b $o LendeB, on fle due ratficaIon Agf€€meit and eadt Facllity &rE6med by the parlhment o, th€ Commoo Terns of Georg*l anO conf,rmhg that all suthorisations tg enter hto the Flnanca Doarments have Oei aury oOtatneO. 4. Purrhlra Conuact The &€nt has received: (l) a caft'fcate ot a duly , ajtMd lrpnsent]ativo of th6 Sdlar c€rtifying that he purchaso Co racl to which lt ts a p€iy wlll come lnto forc6 and efiect upon payront of ttrir Oorm eaynent and not guspenOea, lnienupfeo, cance{6d or b.minated o. und$ any iudi.ialor atbbatibn Focs6dims, t - th6 busin€.s inBruptfun insuranca requ€sH ry COFACE 6 a condlton preder( to th€ ef,ecdvoness of the COFACE lnsurarrc€ lssuod by COFAbE, tutcy A has bosn 2!021a1r9_a 22 (iD a lette. signed by a duly authodzed rePresontative of the Seller confirming that (a) it has obtain€d lhe expod licanso authorising the Seller to export the equipment puGuant lo lhe Purchase Contract and (b) It has obtalned a slgnod end usor c€rtilic€t€ from the Buyr[ (iiD a corlificate oI a d'lly authorized reprosgntalive of llle Borrowsr cedifying lhat ihe Purchsso Conhacl has been validly slgn6d by l,te Buyer, will come into force and ef6c{ upon payrnent of tho Oown Payrnent and is not suspondod, intenupted, cancoll€d or tsrmlrEbd or urrder any lrdilal or arbitsatiorl proce€dhg8. 5. Foo!, co.t! lnd !rPsn!c' Evid6nce catisfeto.y to lhg Agent lhat all ,€€s, costa and expensos due lo lho Facility Finance Partie3 have been pakl or will bs paid to tho Agent by the Bonowe. 20021a111-a

SCHEDULE 2. UTILISATION REQI'EST Soci6l6 6en6rale, as Agent Froml Georgia, acling through its Minjstry of Finance, as Bonowar Dats: l.l PURCHASE COI{TRACT dated lS Jure 2ot5 bot!re€n th. t tnkty oi lrsloncs of c.oryta and Thal6{aythoon Sy.tam. Company SAS, who.. roglst rld off; b at l€ avonue Camot, 0t300 M.!!y, Franco (tho purchaso Cortract) Colnmerciat Fac lty Aoltemo Adat d 8 Doc6nber 2Ol5 (th. Agrt ,1, Reference Is made to the A$e€nent. This is ths Utilisatbn Requost. in thl8 Utilisation Request but not derinod have the m€anlng giv€n 2. {rEnt) Capihltsed terms used to them in the Agreement. We hersby rcquest th6 Utilisalioo under the Commerdd Facility A of an amoirnt equal to EUR [a]. conesponding to: the invoice [a] retating to the Down paymonl due und€r lho purchaso Contracl, to be paid by Utilisation under tho Commorcial Faciljly A and which shoutd be crcdited to the account oftho Selleras follows: (a) Bank Nams: [.]; (b) Accounl Name: lal; (c) Accouni Numbor: Iol; (d) SWIFT/Sort Cods: [o]; (e) Ref.r [.1. the reimbursement of the Risk Mjtigant Fee, to be paid to the Agent pursuant Agreement and whtch shallbe credited to the Agents account. lo the Ws conflm thal the Dowrt payment is due aod pa)€ble as pe. the terms of lho furchasg Cont"ad. 4. We contirrn that the purchase Contract wilt come lnto forca Down Payment and has not b€en susponded, intenuptod, pa[nont le.ms are concem6d, has not beon materjally whether ln whole or in pad and ls ml under anyrudidal and sf,ecl upon the payngnt of lh6 cancollod, t;rmruf*, oii" f", * -- amehded or materi;ly nod ied, ora;ha0on procesdings.' 24 5. We confirm that each condition specified under the Agreement which must be satisfied under Clause 3 (Condilions of Utilisataon) of the Agreemenl is satisfied on lhe data of this lltilisetion Requostand that no Facility Defaull has occuned and is continuing. 6. The following documents are atlached: (a) (b) Ths certified copy of the invojce relating to th€ Oown Payment, The ce.titiod copy of the advance paynont guaEntee refened lo in the Purchese Conlract. 7. This Utilisalion Roquosl ls inevocable Yours truly, By: Georgia, acling through ils Minisby of Financ€, as 8010$/6r ,021'l7L' 25

SCHEDULE 3. FORM OF CERTIFICATE OF AUTHORITY AND INCUMBENCY To: Soci6t6 c6n6rale, as Agent From: The Minbby ot Oohnc€ of ceoEia Dal6: I.l Commerclrl Facllty Agrusment dltsd I t oclmber 2Ot5 (thr OF THE BUYER Agrsomo.{) Cedincab of t,nfibaiovend Ai{t*rftv Reforencs is mado to the purchaso conhacl darod 1s June 2ors M.rnlstry of Defenc€ of Georgla (the Buy6r) and Thales-Raytheon whose registered offc6 is at 1-5 avenu€ Camo! gtsoo U"ssy, supply of equlpoent and assoclated servi-s (th€ lurctrare ontor€d rnto between the Systen" Co.p""V SlS, fraro ff* S"lf"it L, U" CoifaAl. Reference ls mad6 to tho Agrcement. 3. l, lhe u*e^igned [al, acting ln capac,ty as IaJ, duly authorized fo. the purposes her€or, hereby cediry that here bet(M ero tho detaits and t u€ spoclmen signatu.os of lhe persons who aro, and witl conlinuo to be, aulhorized lo sign on behalf of the Buygr all documents and Title 4. Name Specimon You may assumB that arry 6udl person continugs to be 60 authoriz€d wrilten notice liom lh€ Bu!€r thal thoy, or any of authortzed unttr !,ou raceivo lhem, are no long"r ,o1ffiri.*. Yours truly, Bj[ Th6 Minlgfy of Deferrc! of Georgls, acting ac Buyer n021a1tr_t 26 SCHEDULE 4. FOR[{ OF CERTIFTCATE OF AUTHOR|TYAt{D fi{CUMBENCY OF THE BORROWER To: Soddt6 c6namh, aE Agent From: Georgh, adlng ltrlugh its Mhbby of Ftnarrce Oate: [.1 Certificato of lncumb6ncv and Authoritv 1. Refgrenca is made to the Agre€ment. 2. I, t|a unde.signod [al, ading in capacity 83 [al, duty authorized for $e purposG hereof, hereby corffy that hqo b€low ars th6 dgtails and tu€ spocimgn rigmturas of the p€6ons who are, aM wlllcontJnuo to be, authoriz6d: (a) to sign on b€harf oI the Borrorr€r dl doqrmefib [o be ddi'/erod porsuanl to the Agrs€rn8nt 6rd (b) to bke any actbn Equired or p€rmi[6d to bo takon. done, slgn€d or exocuiod urder f|6 Agrs{t€rt Tifle 3. ilamo Spoclmen You may assume that any such peGon @ntinu68 to b€ so authorlzod until you receive authorlz€d Milten notico trom lhe Borowsr that lhoy, or any of them, are no longer so YouB truly, By: Georgia, actjng through iis Ministry of Fananco, as Borrott/er 2oo2ia1?t 6 27 il