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COMMERCIAL CREOIT FACIUTY AGREEMENT (MBDA France Purchase Contract) Among GEORGIA .c'tlng througi fts Mlnhlry of Flnrncs Ading ln lls capacity as Bor.owsr Atrangod by . SOCIEIE GEI{ERALE Ac1ing in lts epadty as Mandat€d Lead AnarEer w,l* soclETE 9E ERrtE A(,ing in its capacity aB orlghal Commftnd Lend6. B ard Ageit o 8 D€cember 201 5 DE PARDIEU BROCAS MAFFEI AVOCATS E b. F.rE. ha Fa6r5 6l taa En dr' natr Fr L rloada ASSEIELaCI RC. .n aclEt blt .!tdn!d..r d ..rduo. .l Bl -,.*d,qr.,'ffi.c,{.. /.4 I 6.to') SOMMAIRE '1. 2. 3. CONOITIONS OF 4. 5. REPAYMENT 6. MANOATORY PREPAYMENT 7. L INTEREST.,...... 9. INTEREST P 10. 14 ION OF 11. 12. 13. REPRESENIATIONS .INFORMATION 14- .t6. EFFECTIVE 17. GOVERNING t8. JURISDICTION. 19. SCHETXJLE 1- scHEourE 2. SCHEOULE 3 FORM OF CERNflCA]E OF AUTHORIfY ANO INCUUBENCY OF THE 8IJYER......,.,.,,.,,,,,.,..,,,......,.,,., SCHEDULE 4, FORM OF CEImnC TE OF AUITioRTY Ar{O [,lcuMBENCy OF r]rE BORRO|VER.... 2A -*-_-'--.'--.27 2N214A2_6 2 r.fr--t-|ie..e-: THIS AGREEITENT b dated I D€c6mber 201 5 and made BETUUEET{r [! lrlnltlty of Flnanc. (th6 Botrowor); (1) GEORGIA adlng tfi@ugh (2) soclETE GEilERALE, a Frcnch sl,c$16 anonynto wiose registored offics is at 29 boulevard Haussmann. 75009 Paris, Franc6, registerod with tho oommerchl and companie3 reglst'y of Paris under number 552 120 222 RCS Patis, acling as ,randat.d Load &rang6r, Agent and Orlglnrl Commrrqlal Lordat B. WHEREAS Purcharo Contrac-t pu'chaso conhad dated The Ministy of Dofoncs ol G€orgia (tlE Buyer) has ento'od into a Rdaumur, 92350 Le 1 awnue office is at 1 O July 2ol 5 with MBDA Franco, wfiose registe.sd rggisfy of Nant€ne Pbssia-Robinson, Franc€, reglstersd with lhe commorcial and companiss of equipmgnt and (tho lho supply for Solht) under number 378168 470 RCS Nanlo.ro assoclated seNicas (the Pu.rha!. Contract). be performed by the Th€ toial Frrchaso price of lh€ equipmont to be delivered and services to (the Tottl Conlract Ptlco) Seller un;er the Purchasg Contact amounts to EUR 2{,987,750 paydble as tollon,E; (a) as advanc€ payrnsnt, EUR 3,748,162 50 rsprosenting 15% of the Tot'a' Contracl Prlce (he irorn Payriot ), (b) othor lnstallments ol an sggr€gBto amount of EUR 21'239'587 50 rspro6sr{ing Esoi of tho Total Cootracl Plioo. B. common Tamt Agrs€mont lhe ln oder to assist the Buy€r in finarrcing equipmert and sorvic6 b be doliv€red und€r Purcha36 Contracl, the Londers havo agreed to make available to tho Bonot'ver ceiain of facllltbs on to,ms and subjoc,t to condltlons b be set lorth in a co'nmon t€rms agreemenl indlvldual evgn dato heoflih (the Common Ta,ms Agnemlit) and ln lhs follo'lir€ agr€gmenb; - the a COFACE expo.t ctrdlt lacllty agro€rnent dated of wgn dato hgrowith among Boro*er, tho &Bnt snd the COFACE Lendo6 B, w'lercby the CoFACI Lend6r8 B Egr€c lo ouke avalab{o to thc t}onovicr sn oryort crcdlt in thg alErsdatginodmum princlpel amount of EUR 22,753,064.47 (th€ COFACE Flclllty Aoroomont B)' - and condilion3 a commoaoal credit facility 4tgom6nt enM into und6r the termg L6'dgrs B h€reinaffer set todh amolE tho Bonowor, th€ Aoq|t snd tho Commtdd a Borol1,or lo the avallablo wtrer€by the Commodal Lqnderg B havo ag'6ed tij make fsdlity i; the aog€0ato maximum principal amounl ot EUR 3'937'401)'39' 20a2111a2-A 3 I c. Commercial Faclllty Agreoment I I 20,21al!;t.G 4 lr IS AGREEO AS FOLLOI'VS: t. oEFNmOtls For ihe purposes of lhis Agreemen! each capitalizod letms used hercln, lncluding in r€citals lh€r€b and nol ohe rse dgfined h6l€ln shall have ttE moanlngE asctib€d thereto ln clause 1 of ths Common Terms &r€ement ln addition, th€ folowlng terms and exFsssiong, whon us€d ln this Agrooment shdl havo ttre following moanlngF: Avallablltty P€rlod moans tt|e p€rlod stading frcm Ulo Slgnlng Oale and endlng on ths daie falling 5 monlhs af,er the Shmlng Oat€. Availrbh Commltm.r mgans lhe Tobl Commlbnents (8s may b€ cancslled or reduced under thb Agreomer oI 0lo Common Terms Agr€em€nt). Buyer shall have lhe ,neanlng dwn to it in lh€ preamble herelo' . Cofimotclal Facllity B moarE tlo te.m loan facility made avaiable under thlg Agreement as desc.iH in Clause 2.,l fihe Faclllty). Common T.fint Agrglmor shall havB tho meaning given lo it in th€ preamblo h€rElo' Down P.trn.nt thall hav€ th. moaning glvon lo it in lhs p.ramble heEto Faclltty D6{rult means s Fscillty Event of Oofault o. any gvent or clrdrmstanco speclfled in Clause 15 (Fadlity Evonb o, D€rault) whith would (rvih lho oxpiry of a grace p€riod' lho or any oiving of notice, lhe maklng of sny dot6rmination under tho Fimnc€ OoqJm€nta comblnallrn ot any of the fol€golng) be a Facility Evo of D€fautt' Fadllty Eysnt of Def.ult m€ans any €v€nt or cirormslalEe specm6d as such in cleus€ 15 (Facility Er€nb of Oefault). Faclllty Flnaocs Pa.ly means the Mandat€d L€ad Amng€r ln conrEcllon with th6 Commercial Feility B, the Agent in connsctirn wi$ lho Commercial Facility B or a commsrbl Lendor B. Flnal lldutlty D.t mesns U|e daie lLalling 5 ysars 8ff€( t|g Signlng Datc' Flrst R.p.t'm.nt Dstq moan3 t lo dat€ falling 6ix (E) montfu aier ths Signing Dat€. lnt rt3t Plytncr (hc moans ea.h date fdling at six (E) nonth htervab ftom the SignirE Dats untllthe Flnal Maturlty Dat6. lnaor-t P.rlod means, in tglafon to th€ Loan, gach p€fbd dete.minrd in accodencs rYiltl I Clauso (lnterest Perbds) and, ln r6lalon to an Unpaid Sum, each p€dod.detemln€d ln 8ccodslrc6 witfi Clauso 8.3 (Wault lnterest). Lo.n mgans th6 loan made o. to bs made urdor th€ commo(fu| Fadllty a or the p.incipal amount outstanding for tre tmo bslrE of lhe loan. 2O0,1all?-a 5 i{a.loalty Lando6 means a CrmmoBial Lendoa B or Commercial Lenders B whose padicipalion (drawn and undrawn) aggregato mo.e than 6€%% of th6 Totat Commitrneots (or, if the Total Commitnents hav6 been rcduced lo zero, aggregatod mors than 667{% of lhe Total Commltrants lmm€diately prbr to lhat reduclion). aOIn means 2.10 (tr.!/o polnt ten) per cent pgr annum. Orlglnal Commerqlal Lendo.s B shall have th6 meaning g,vsn to it in the preamble hereto. Party means a party Io this AOleement. Purchags Contrac{ shall have th€ m66nin9 givgn to it ln the prsambh hereto. Ropayrrent [h6 moans the last day of each lrturest pedod, th6 tirst one Repaymont Datg, Ropatmorit lndalmant means each schedu,ed inslalment for repaynenl of falling on the First lhe Loan. Rlrk ifltigartt Feo means the fee paFble to the Rjsk MitgEr{ provid€r pucuant Mitigant lnsfument 8. to the Risk Sollor shall have the meanlng given to it in th€ preamble hs€to. Slgnlng Dat m€ans the date of lhis Agroement. Total Commltrllont means lhe commibnents of lh€ Commercbl Lendets EUR 3,937,403.39 (thr€e million nine hundred and thlrty€even thousand B being ,our hundred and th.e EuDs and thrrty-nrns csnts) at th€ dato of rhi6 &re6mer{ to rh6 extenr not ca;red or reduced under this Agreemenl o, undea lhe Common TermS Agr€€mont. Total Contr.cl Prlco shall hav6 the meaning givon lo it in the prEamble h€relo- t till.atlon m6ans the Loan. t llll.3tlon Dd6 means t|e dato of the U isation, beitng iie aab,on wtrich th6 Loan is to be mads. lftllitrtbr Roqu..t m6ans a no co in lho torm of Sch.dulo 2r rHi iAiuil qgEiitk 2.1 Subject to ths tems of thb Ag.€€ment and the Common Tdmia ACrssmer{, the Commerctat Lerders B mal(6 available !c th9 Bono$r. a t€m loan ,rdlity, ln an aggrsgEts maxjmurir aftgunt eqqd io ho Total Carqlnltnonb. Jhe Yrorer fimncd: (D 2002rarrL6 8hall appty ait amounts bonollEd by it under tho Comm€rdat Factlty B to up to a maximum amount of EUR 3.748,162.60, tho (i0 bv dird oavrnerr lo the AGnt up to a maxlmum arnount of EUR 189,240.89, the roimbur&rnenl to tho Commorcial Londo6 B of all or Part of th€ Risk Mitigant Foe. Th. go.Iow.l'! qplbdbnt erd th. Purdl! . Conq ..c{ (a) Th6 Borou/e/g obligtstions (lncluding, wtubut limibtion, its payment obligations) under f|b Agr€sment ar€ uncondltloml and lrsvocablo and accordingly ara not: (l) subircl to or dep€ndent upon lhg erec1Jtion or perfo.manca by the Bono',t€r, ttle Seller or 8ny oltl€. person ol lt5 ouEEtions urder tlle Purdlase Conhact or any 8g[6€ment rdaied tll€ eto; nof 0D affoded or dlschaQrd by any mattsr afreding tho Purchase Conlrac-t lndudlrE lho following: (A) sny disput€ under ths Pl.ldl8ss Conhaqt nor any claim which lhe Boolcwer or thg Seller or 8ny other porson may haw against, or consldet that It has agalns! 8ny pe6on under the Purdlase Contract; (B) lha lnsolvency or dissolution of ths Sler; (C) any adion or in€ction (whetfEr negligEnt or by wiiful mlsconduct o' fraud) ot ho S6ller (or any of it5 aoents' cont"adoB, odticers or emdoyees); (D) tho S€llor belng subird to 9n amalOamation, demeroer, merger or ,eo,!6nhatlon; (E) arry unenforceability, illeg6llty or inralidity of any oulgEtlon of any p€rson undor tho Purchase contract or any doqJm€nts or agtreements r€ladng to lh€ F\rrchaso Conbac! ot (F) thg breach, ftushation or no.{umlmerd of arry govlshn of the Pu,chase Contrac,t o. any doanmenb o. sgrcem€nb rslated lhereto or tho d6fuclion, nor}complelloll or non-tunctioning of tho oquipment dClvqsd pur5u.r lo tl. PurdE € Conlrac-t: and the Bonotvsr d(notvlsdg€s fiat tho fursopirE b an €ss6r ial conditlon of each Commerdal Lendor B'r enry lnto this Aorcemsnt (b) Tho Bong$t€r agrEs that it wlll n { dalm b b9 ldleved oI Ihs perfornace gf ary of ib oHigatbns ur66a thb Agreement by tlaloo d any falluftt, dolay or defaull wtEtsoev6r on th€ pad of tll6 S€ller or ltt€ Buyo, ln th6 p€rfomanca ot lts obliratiorB und€r lho Purchaso Contract. 2.3 E cf,ty Ftn.ltc.Entad drliattld obllo&i'iUnl6s all th€ Facnity Flnancs Padlss agree oth€nYl8o: (a) tfle obligBdorE ot gadl Fadlity Finan6 Pgtly under hs Flnanoo Doo,ments aro several arrd faluqB by a Facility Flnance P;dy b perfo.n its obttFl.lolp 0o€! not afied tho oblbElhns ot any other pe6on under.tf|€ Financo Documonts; 7 no Faclllty Finance Party is r$ponsibl€ fo. ths obtigEtions of any olher Faciljty (b) Flnanc€ Party undgr the Finance Oocumenls; (c) lho dghts of a Fadlity Fimnce party urder the Flmnce OoqJments independent rt hts; (d) arB soparate and a d6bt arising under ths Flnance Ooqrmenb to a Facilily Flnancs pady ls a soparato and indepsndent dsbt. 2.4 The Facility Finance Parties shall have no duty or liabitity $hatsoever Sorower any information which comes to their knowtedge regardjng Purchase Conlaact except as expressly provided for in this Agreemeni. 2.5 to communicate to Ihe the performa; of the Monltorlno No Facility Finance party is bound to monilor or verify lhe application pursuant to this Agreement. of any amounl borowed co orltoris oF uTtLFAnON 3.1 lnltial conditions prscodont The obligation of the Commercial Lenders B to make the Utilisation under the Commerciat Facilily B shall be subject, prior to or on the dale otth6 U0isation Roqu6st, to roceipt by the Agent: (a) of the documents and othe. evidenc€ set forth in Schedule 1 (Common Conditions Precedent) of the Common Terms Agreement ln fom ana, substanc€ satisfactory lo the Agenl, (b) of th6 d(rcuments and other evidence listed in Schedule 1 (Conditions precedent) in fom and substrance satisfactory lo th€ Ag6nt. The obligalion of the Commerciat Lenders B to make the Ulilisation und€r Facirity B sha be subject, on the date ofthe utirisation Request and on a manner salisfactory to the Agent, to the folowing mndilions: lh6 Commarcial the utirisation Date, in (a) the Agenl has roceivod the Utilisation Requsst; (b) lhe Agent has recejved, together with th€ Utiti6ation Requ6st, the invoi, of the Se er r€lating lo the DoMl payment and a copy of th€ advance payment guarantee rGfored lo in the Purchase Contract; (c) no Facility Defautt js continuidg or vloutd resultfiom the propos€d utilisation; (d) ll€ representations and warranlios letbh are olen to b€ mado or do€med to be lrpoated by tE Bonolacr undet Clanse 12 3 (Tim6s $/tlen lep,B8entatbns ars mado) 8.€ truo in all matedal respecls; (e) th€ maklng of tha Loan twold not cause lho Total Comml{tnonts to bs excoedod; (f) tho Bomrc. has psid the Rbk MitigEln Fee h full to the Aoent F,rsuant to Cla6e (Rlsk Mltlgant Fee) or the REk Mlllg8nt Foo wlll bs paH in full to the &ont by wEy of ll the Wllsation und€t the Commerclsl Facdity B; (s) tle &ellt is s€t!rl16d that th€ CommerrH Lelrders B haw entet€d into the Rbk Mltlg6nt lnstument B ard lhat sudl t|e Rlsk Mitig8r{ lnst umsnt B is in full lorca and ef€cl; (h) any Auho,isatbn, Gquired to.lho purPos6 of thb Aor8emer has b€on obtained and t€mains in full fofca 6nd efiect (0 B that th€ Agont has receked confitmation florn lho agBni under tig COFACE Facility condilions that all th€ and eflect t|e COFACE Imursllc6 Polby B ir ln full lo,Ee and prscedont set fo.th ln sedioos 1, 2, 3 ard 5 of Sch€dulo 1 of t|€ COFACE Fadlity Ag€ement B haw b€en satisfisd on tsrms satislactory to this agent; 0) 3.3 the Bono\,rer hss not challsng€d oa Bvoked lt€ @use 4.1. parnsnt mochanism sst torth ln Maximum number of Utilisation No more than ono ulilisation can be rnade. UIILISATION. IRREVOCABLE OIRECT PAYMENT 4.1 lnovocablo dlr€ct oaytnont (a) (b) (c) The Commercial Facility B shall only be made available: - by dkect pafnents to lho Seller for the payment of the Dowrl Payment in acoordanco with the tems of tl€ Purdlaso Conlract, and - by direct pa,fient to the Agent for th€ reimbursoment lo the Commercial Lenders B ofthe Risk Mitigsnl Fee In respect of payrnents to the Ag€nL tho Loan will b6 made aYailsbls by lhe commercial Lendo6 B directly to the Agent on behalt of tho Borower' ln respect of payments to tho Seller, the Loan will be made €vsilabl€ by lha Agent Commercial Londers B direc{y to the Soller on behal' of th€ Bonowar by Ihe relevant in the crediting lhe proceeds of the Loan to lho account of the Seller specified Utilisation Request. 2fr21a1A7-C I Subjecl to the ofter lerms and conditions of this AgE€ment, payfionts shoutd be mado to the Selt€r wilhin no mo.e than len (lO) Business Oays ftom tho dats lhs Agent has .ecoived, in form and substance sausfactory lo lhe Agent, Ulilisatbn Requesl. a duty cornpteted For such purpose, ths Borrcv€r heEby glves lnslructons to lhe Commerclal Lendo6 B .nd the Agent to pay the porUon of tho amount of th€ Utilisalion conesponding to ho Dolvn paynent dtreclly to the Seller. (d) (e) (0 Tho Bofiower acknowtedges that arry amounts credited to the Agent or the Selter itself pursuanl to this Agrgement shall constitute tt|€ Loan made avaiabl€ to thg Bono\,ver for the purpo3es of thls Ag.eement. The Borrclve. further acknowledges hat no Facllity Finane party has any obtigation to verlfy or ensurs the gonuineness or acqJracy of the attachments to h; UliUsaton Roquert gub.nined by the Bonou6r The. Ag6nt shal notify to ihe Sonovver lh€ dats and amour( a,f the Loan hade availabls to the Bonower by direct payment to tho Seller and the Agent no later than 10 (ten) auslness Days from tho rolovant UfiisaUon Oate. (9) The Agent will malntaln in its book! afl accounlng system sho ,tng tho amount of the principal denominated in cunency of ho Commo.ciai racmy a oultaiaiil-uJer tne Agrcement. The accounting system shall. ln tho absonco condusivs as to thg amount orring by the Borctr€r of ,"nioi rlol., ou under the Agreernent. ,i:iyrat.udi o.flhc t tilLiiltn Rcrihsr 4.2 TIE-Lnilisation Reguest is i'r6t4ocable and wifi riot bo rEgaded unlegs: as havlng been duly comp{eted (a) ths Utiliration Date is a Bustn6s Day wtthin the Avsflautity pertod; (b) the crrrercy sp€citiod in tho t titisation R€qu$t i3 EUFU (cl th€ amount rBquestod by the BoroitBt shsll not oxc€od fio Ayallafls Commitrien[ (dl the BonowEr auaci€s lo tho UUlisatiln R6qu$l ell t€lwant docum b .quirod to b€ provtded as per the form for the Ufltisaton R€quosl saUsfac{ory to [16 A0e;ti and (e) tig LJtilbatlon Roquost ls oxecutod by a pe.son duly authorbsd to do so on behaf of lhe Eonotwr. 4.3 liiilI?i dardcrpititi (a) The Agent shsiiplo npfly nofit each Comm€rdd Lender B oftho amourn d tl|e L@n, th6 amount of lir par clpa on in the Loan, h€ Eccount ,o. such prrpo* offr", lnformaton crjritAlidrt tri hs utitiselon Rsiuect dii tster than ""i before the tnilretion Dat6. h; ;;";;; ;"y" 2002rai,a6 10 (b) lf the conditions set out in this Agreement have been met, lhe Commercial Lenders B shall make thek participation in ihs Loan availablo by lhe Ulilisation Date through theh Facrlity otlico. 4,4 R€oonllbltttyo{the Aoena ln exlmlnlno ihe documenL The Agent shall not be responsible for examining ihe doclm€nts: (a) provided pursuant to Clauso 3.2; or (b) included with or attachsd to ths Ullisation Request; of except to ascertain that they app€a. on lheir fac€ to be in complianc€ with the requiromonts the Financ€ Documents. For the purposo of this Clausg, appear on their lace has the meaning ascribed to it in the latsst version of the Uniform Customs and Practico for Documentary the lntemational Chamber of Commerce (at present ths latest version being ICC Credits of Pub,icatjon UCP 600 - 2007 version). 4.5 Cancollation of Total Commltment (a) The Total Commitments which, at lhat time, are unutilised shall be immsdiatelv cancelled at the 6nd of lha Availabllity Period' (b) It no Utilisation has been made avaihble under the Commercial Facility B 5 monlhs after lhe Signing Date, the Total Commiltnents shall be immgdiately cancelled unless oherwise agre€d bet\Yoen lho Commercial Lenders B and the Bonower' REPAYMENT 5.1 Generallv (a) The Borowe. shall r€pay lh€ Loan a5 follows: (i) Tho Loan shall bs repaid in full in ten (10) consecutivs semi-annual iNtalments of equalamounts in PrinciPal. (iD Th6 firBt Repsymont lnstalment must be pald on th€ FlBt RepayrnBnl Dsle ard 6ubsequent Ropafngnt llEtalments must bo 9ok, on 6ach Repayment Dat6 thereaft6r. ThE final R€payfient lnstalment must bo paid on the Final M€tlrity Oats, and any Ropayient lnstalmont that vrould olheMse fall boyond the Flnal Mat dty Oato shall bs deemod to fall on tho Final Matu'ity Dat6. (b) (c) a pracljcable after the erd of fE Avallablllty F'eriod, Ule A0€nt shall pri,vldo As loon to h9 Bonawer and tho Comm€rohl LendoB B a r6paymer schodulo of tho ac'tual Rgpayrnent lnstalments wt ch arE to be p€d by lh6 Bonorvsr. Th€ 8o.rau/er may not rc{o.rovi any part ot t}E Commo'dal Fadlity I whlch Is repsld. 11 5.2 lf lhe Loan is prepai, in accordance wllh lhis Aore€ment and the Common T€ms Agreement, then the Emount of lhe Repayrnent lnstdtmonl for each Ropayrnonl oancollation or pr€pafnent (as appllcable) wi be rcduced in lnverso the amount canceited or the amount of the Loan prcpaiJ (as O"t" t"Urrg ifie, tt"t chronologic-at order Oy applicabte). I|ANDATORY PREPAY ENT llt"*l!! 6.1 lfit is or bgcomes unlaMul in any applicablo jurisdiction for a Commedal Lende, B to perform any.of ils oblirelbns as contemplated by thls Ag.ement or to fund, hsus o, ."fnt"in ft" padicipatlon in the uurrsation o. it becomes unrawfur for that Commerclal Lender B to do soi for any Afiriate of a commerciar Lsnder B (a) th6t Commercid Lender B shall prompfly noliry tho Agent upon b6comtng awaro of . that €venq (b) upon bs Ag€nl notifying tho BonowEr, the commitment of that Commercial L6nder B in the Tobl Commltments will be lmmodlalely canc6lled; (c) and tho Eonowsr shall r6pay thal Comm.rcial Lend;r B,s participation ln tho Ufitisation made to-the Bo[o$/€r on lhe last day of h6 lrierost peAod occuning afrer th€ Alenr has noiiti€d thE Bonou€r or, tf €adt6r, the date specmeo by tre Comirerciat ienjlr s in tl|o _notjco detivsrgd to tho Ager (being no 6adi€r Ih6n the last day of any appllcabls grac6 poriod p6rmitt6d by lsw) aM the commibnont of thet Co;merciat Lend€r B in tho Total Cornmilments shal be cancelted in th6 amount of the pa. clpatlons rspsid. 6.2 lf the Boaaow€r s6lls, tEnsfers or c,isposes of the equipmsnt purchas€d und6r the purchase Contract so that the ownsrship or the right of disposal of suct oquipment ls transfered to a person other than lhe Eonower, the Borou€r shall immedtately repay the Loan in tuI and the Iotal Commitments shall bB cancellod. 7. RESTRICTIONS 7.1 Any nolice of propafrioirt, auttrorLsafion or ottrcr election given by any palty (Mandatory Prepaym6nt), clause 6 (voluntary p.opayrnem and I under Clause 6 Canceilationj ol th" corron Tems Agreemenl or claus€ (Mandatory prepafnent _ Sandions) of tho Common Terms Agre€ment shall (silbject to the terms ol lhose d6uses) be in€vocable and, unl6s9 a contrary indlcalion appears ln thls Agroehent or lh6 Common Terms Agreement, shdl opsciry lhe dale or dates upon which the rglevant cancellation or prepayment is to bo made and tho amount of thal cancellallon or pEpaymont. 20021att2.t 12 7.2 lnleresl and oth4 amounts Any Fepaynonl under this &rcement or unde. the Co.nmon Tems Agroemsnt shall prsmlum or p€nalty made together with accruod lnter$t on lh€ amount pr€pald and wlthout be savo foa any Break Costs. 7.3 ilo rsbottowlno Thg Bor.ow€. may not @bonow sny pad of the Commercial Facilily B which Is 7.4 propaid' PEoavr!.it la.ocordlnca *lih Aottrnarlt .tld Coittlliot! Tamt Ail.edint or any part The Bonoiitt shall not repsy o. pGpay 8ll or any p8d of th€ utilisstion or cancel 8ll provlded for In this of th6 Total Commitments €xoopt 6t lhe tmes and in lho manner e'.pressly Agresment or ln the Common Terms Agreement. Aoontr rtooloi otl,lotlco. lf the Agent l€o€ives a notice undsr Clause 6 (Mandatory Prepayment), clauso 5 (Voiuntarv (Mandatory PreFyner{ and Cancellatkn} of the Commql Totms Agreement or daus€ 6 prompUy fonvard a copy Propayrnsnt - Sanctions) of the Common Tems Aoreemenl it shall 8' aE of tlral notlce or elec{lon to either the Eorower or the 8tf€c1od Commercial Lond€r approp.iab, 7.5 lf all or pa.t of tho Ufiisation urdor lho Cornm€rcial Facility B b rcp€id or p'epaid' an amount oflhoTolalcommhmer{s(equaltotheamou,ttoftheUlitbatbnlt/fihhbrepaidorprePaid)in on tho dato of repayment resp€c{ ot th€ Gommerdal Fscility B will bo deemod to bo cancellod undet thb Aoreem€nl may be or prepayrnent llo amount of th€ Totat CornmiEnonb cancellod subs6quenuy Finstat€d. II{TEREST 8.1 ccsd8elgirEd Theral6otinteFstonthsLoanfo.oachlntsrostPeri('16thopglEsntagsrateperannum dot€.mhod by tho Ag6nt to be th6 aogr€gEto of: (a) EURIBOR; and (b) th€ MaEin. a.2 Prvni.r oalil--t arnount ol the Loan on each Th€ Eonontr Ehall pay accru€d lntq€sl on t|o outsta'dhg paH to th6 Agpnt-(fo' th€ €ccount of tflter€6t Payme.It Dato. ln all clE/mstanogs, any lntqsst (except in oas€ cr Londer B) is d€finitiv€ly pall and is not totrJndabls &ir.u"f ""J man €st qrq). 13 8.3 Default lnterDst (a) lnrerest shafl accn/e on oach unpaid sum due to ute Facilty FimrEo parties frcm fl9 due dato up to Ih6 dat6 d 8ctual paymont at a ftlto whlch is oqual to EONIA plus lhe Ma.gin ptus 2.00%, durtng th€ pedod of non+sym6nt. Any lntorest acquing u;der thls &use 8.3 (Default interest) shal, be immodistet payable by the Aonorcr;n demand by the Agent. (b) D€Iaull lnterest (f unpald) arislhg on an UnpaU Sum dus to the Fecitity Finance Padies will be compounded with the Unpaid Sum st the ond of each lriterest pedod appllcable to that Unpald Sum (to tlo sxtont p€rmttted by applcabte hrc, tt betng spgcifiod that, as of the Slgning Date, intorBt may be compoqndsd with th€ Unpald Sum due to the Facility Financ€ psrti€s if th€y aro due for mor6 than lu.elr,6 months) but !t fll ,emain lmmedlatsly dus and pa),ablo. 8.4 Irlotlfl cef lon of lnt.rGir The Agent shafl no ry tho 80not4,6r ths amount of rnrer.sls Perbd. due rn resp€ct of each rnrerost INTEREST PERIODS 9.1 lntanaat P.ri6d! (a) Th6 Loa[ has successive lntorest p6riods; (b) Each lr{oro8t Period shall have a dura{on of 8k (8} months savo ,or tho inilial lnteresl Perlod for tle Loan which wlll b€ lho peJiod tlom ard lncJudlng and indudi.ng lhe non (c) l er€st pay|lent h. Each Edb8eguont lntsrost pe.lod tvill sbrt on tho epiry of Pedod ard end oo th€ next lnter€st palment Date. lts Ulllsatjoo Oate to tho BEcodirng lnto.s6f (d) An lntdest Period shal not extqnd bo]ond t]te Finat MstunU O8b. 9.2 llitit€r|lia.allr&E I an lnl.rssl Po.lod u6uld othorwise ond on a day whlch is not a Busln6s Podod will lNtead end on tho next BuslrEss Oay, that lnterest Day. 10. CHANGES TO THE CALCULATIOI{ OF II{TEREST r0.t Falluro of a Rsfofliiici Eail lo supplv i lrl. subject to crause 10.2 (Markel disruption), if EURTBoR is to bo d€termin.d by roforsnce to ths Roference Banks but a Reference Bank does not suppty a quolaUon bf r r,6O time) on the Ouorarion Day, rh€ appticable "Jh.'ia*O EURtgOn sUrr OerenniiJiln ir," 0""1. ir,n" quotations of tho remalnino Roference BanL9. L 14 lO,2,llddaotrdLruotlon (a) f a Market oisrupdon Ewnt ocal6 in lElali'n to thg Loan for any lnt€rost Pedod' then th6 AOmt shall prcmpuy nolify lhe Parlies th€rcof, and (subject lo any altemaiive b€sis agrced as ooibrnplated by Oau6€ lo 3 (Altdnative basis of interest or fundlng) below) lho rato of intorest on each Lende/s share of th6 Loan for the lntor€st Period 6hall be ttle gerpentage rate p€r.mum v,hl* ls 016 sum of: (0 . (ll) tho Marutn;and th€ rat6 notifi€d b th€ Agent by lhst CommerEial Leoder B a8 soon a8 praclhable and h ary €vent by doso d busl''€ss on lhe dab fallltE fl\'e Buslne$ Dats prlo. b lhe d8to on whldl int€'Bst B du6 to be paid ln rospsct per of ttEt lntarost P€aird, to be thal wtlhh e)Qressos as a p€rcantag€ rato Loan ln the its Ehare annum the cost b ihat Commercisl Londer B offundlng from whatever 3ourca lt may rsaso'Ebly sel6d' (b) ln this Ag.eoment: Martot Dlsrudlon Evcnl means: (i) lrier€st Pe'i', ths Sc'rsn Rats is not avellauo and '3lovanl none' EURIBOR b to bo calqJlgl€d by referoncs b th6 Reforsnc€ Banks but Bank or (where ttl€re b morg tEn ono Reforsnce Bank) only ong' Relerenc€ oltrgncy tho r€lerant supplies a rate to the Agpnt to detsrmlne EURIBOR tor for ttle and lnter€st Potiod by'l1:OO a.m (Pads 0me) on lho Ouohtion Day' or (lU b€fore dose d hrsln€ss ln Pa& on tho Quotsuon 9ay for th6 relevant Lerder B lnterest PerE, lhe A€ont receive€ nolifi'ations lrorn a Commercisl Loan €xc66d 33%% of in the or Commercial LondoE B (lvhose paddpaliqE tho co6t to thsm ot otttEinlng mabhlng depo8lts in tl|e the Loan) th' Elevant European lt{erbank market !',ould bg ln exc€3B d EURIBoR for td lntorest Pdird. 10.3 Altomtth6 barlt of lnt6ru3t or fundlno (a) lf 6 Market Disruption Event occurs and lhe Agent or ths Bonower so requires' lho (tor a p€rbd of not mot6 tilan 30 Ag6nt and the Bono$ar shall enler into negotiatbN d;y8) wlth a view to agre€ing a zubsltute basis for dotg'mlnlng the rate ot (b) lnlerest' prior consont of Any altemative basis ag€sd p(lrsuant to pa.agraph (a) shall, with the gono',!6r, be binding on all Psrties all th€ Commercial L€nd6'3 B ard ths 10.a EULCSiE (a) 2OO2tall!.6 Tho Bonorryer shall, wilhln thfrg Buslnoss Days of dsmand by a Faclllty Financo gr pat of Party, pay lo that Facility Flnanco Pdty its BBrk Cosb attih'labh to 8ll any tho lnler$t than the l-oan o. Unpald Sum belng psld by tlle EonoltBr on a day other Partnent Date or the last day ot an lnterest Petiod fo' tho Loan or Unpald sum' 15 (b) 11. I Each Commercial Lender shall, as soon as reasonably practicable after a demand by the Agent, provide a cedificate oonfirming tho amount of its Break Costs for;ny lnterest Period in whidt th€y accrue. RISK MITIGANT FEE (a) The Bono$/€. shatl bear the cost of rcimbursing to th€ AOer (for the account of each Comnorcial Lender B) the Risk Mnlgant Fee due to thg Rjsk Mltjgant providor und6r the Risk MiligEni lnstrument B (indudirE any increase in lhe amount of fho nilk Mitigant Fee). (b) As at the date ot thts Agreoment the Rtsk Mllgant F6€ lG os EUR 189,240.89. (c) mat€d to bs 6qual to The Eorower shall not ralse agaiBl any Comm€rrhl Lerder B sny claim or defence in rslation to the calqrlaflon, payment or rcfund of 1or ttre fanure to pay or refunOfaiy part of lh€ Risk Mitigant Foo. (d) The BorowBr €cknowtedg$ that ho obligalion lo reimburse the Risk Mitigant Fee related to thls Agreoment ls Ebsoluto and unconditonal. (e) The Boror€r acknoti,ledg6s that the Rlsk Mltigart Fee shafi bo patd upiiont wilh the Utilisallon boing medo undor dl€ Commorcial Facility B. Thorsfor€. the goro;i unconditionally agrees to pay to th€ Ag€r an rf,u Rrik Mitigant Fee. "rornt "qr"ito Illyyy ,! 0) 12. The Bono[Er acknoudedg$ that tho Rkk Mitirent Feo b mt rEtundable for any Fason wtElsoever. REPRESET{TAIONS The Borowsr makeg the .epresertatons 8nd u.r.antis sot Facllity Flnance Pady for itsott o.,t in thrs crause 12 ro oach Roorcllntrtlo lnrde ln thc Conmon Tanp! Alrtlmmi 12.1 To induce ttle Commercial Lenders B and the Ageril to grtur lnto thb Agre€menl, tho Eonow€r h.rsby confims each of h6 r€pres.ntarions and wananue! co.rt"r*-o in aiul rs o, the Common Terms Agreement whidl forms an inl€gral parl horoof aE ff tf,ey i"J O""n frffy set oul ln this Agroemsnt and made 83 of lh€ 12.2 Efiedivo Dat6. Ths Plrchago Contr.ct (a) Th6 Purchasg ContEct compli€s with th6 laws and regulalons of Georgia and all Aulhork€tiins havo b6en obtatn€d as required und6r iho f"vy" ,"grf"Uo* of Georgh to enablg the Bonou,gr lo p€rtoin ftE obligations ttlo €under. "r,a n02tal,2_6 !b) As at the Effective Date: (i) tho copies of the extracts of the Purchase Contract relating to the paymenl terms deliverad to lhe Agent purcuant to Clauso 3 (Conditions of Utilisalion) erc true and complete in all matedal respects; (ii) tho Purchaso Conlract will come into forco and 6ffec{ upon, inter alia, the payment of the Down Payrnent, (iii) there is no other agroemont in @nneclion with, or anangements which am€nd, suPploment or affocl rl€ Purchase Contract; and (iv) there is no dispule in connection wilh the Purchass Contraci; (v) belween the Signing Oale and the Effective Dale, lhe Euyer has not varied' am€nded or waived withoul the consent of lhe Maiorily Lende6 any matorial provision of th6 Purchase Contract so as to ensure that perfomance of this Agreement is not impaired in any way by such variation, amendmenl or waivor, including inlsr alia the payment te'ms of the Purchase Conlracl relatang to the Oown Payment' 12.3 Tlmos when tsprGontatlon! arg mado (a) All the r€pres6ntations and wananli€s in this Clause 12 ars mado by ths Borrow€r on tho Effec-live Dale (b) unless a representration and lvar.anly is expressed to be given at a specific dale' all lhe ropresentations and warrantiss in this Clause 12 (including ths roPresenlations Eofiower on and warranlies ref€ned to In Clause 12 1) are d€emed to be made by lhe lhe date of each Utillsation Date and on the lirst day of each lnterest Pe'iod' 13. INFORMATIONUNDERTAKINGS any The undertakings in this Clause 13 remain in force ftom the Effoctive Dale for so long as amount duo lo the Facility Finance Parties is outstanding under lhe F nanco Documents or any TotalCommilments are in lorce. 13.r E&I!0de!j-G!!ee!E!sr The Bono,rrer shall supply to lho Aoent: (a) promptly upon becomlng aw6re of hem, the detalls of any litigatlon, arbitration or administratrve ptoceedings relating to the Purchase Conuact; (b) all amendments to lhe Purchase Contract relatir€ to, or which may hav6 an impacl on, the Paym6nt torms;and Th€ Eorrorer shall notify lhe A€Ent of any material treach, or if it has reasonable grounds fo' belief that there will be any material breach of ats or the Solle/s obligations und6r lhe Purchaso Contract. 17 13.2 llotificetion ofd.faulr (a) Th6 Eonowsr shall notilt tho Agent of€ny CTA Mault or any Fac{fly Oefault (and the 8t€ps, if any, being tak6n to ramedy 0 prompdy upon becomlno o@ulrence. awaro o, lts (b) Prompuy upofl a requ€st by lhe Agenq the BonowBr shall supply to the Agent a c€rtificate signod by 6h aulhodsed oficer of ths Ministry of Flnan; CTA Defau[ and m Facllty Defauft Is cooflnulng (o. f of Georgia that no I CTA Mau[ or a Facdity Dofautt is con(nulng, sp€cirying the CTA Oofarlt or a Faciity O€rault and the 6lop6, if any, b€ing taken to.em€dy lt). (c) The goflor,r/or shall nolify the Agont of the ocq.rrence ol any event whi* may tosd to an obllgq on of the Bonowet to prepay the Loan pursuard to dauss prepayment 6 (Mandatory - sanctions) of the common Torms Agreement or ctause 6 iMindatoi Pr6payment) of ths Agreomert 14. GEI{EMLUNDERTAKII{GS The unfuaklngs in lhls Clause 14 remain ln forae hom the Efi€clivs Dat€ for so long as any emouni due lo the Facility Financo padies is outstaMing under th6 Flnance Documonts or any Tohl Commlment is ln force. 14.4 The Bonower covenanls and agrees lhat unljl all obljgations lnder lhis Agre€med are paid in B, ri sha observg and full unless othelwise waived In Mting by tho Commerclal Lenders porform the undertakings set forth in clause 15 an inlegral part ofthis Agroemenl. of the Common Terms Agreement whjch forms 14.2 Purcha3o Contracl The Bonower shall procure lhat lhe guyer shall: (i) not asslgn orl.ansfer any of its rjghls orobljgations underthe purchaso (ii) observe and perfom a of Contracli lts oblloeljons rnd otheruiso mmply with all tho pmvisions of the Purchase Contract; (iiD majntain and exercise and enforce all ot the riohts and remgdies availabte to il under the Purchase Conlract in a timoly manner and so lhat th€ Borot/r/€r is able lo comply wilh its oblioations under this Agra6mont; _ (iv) make all payments rcquired lo b€ mad6 by it underthe purchase Contracl at the tjmes (or,.vilhin anyapptic€ble grace period) and in th6 manno. mqui.ed (v) thereundor; not vary, amend or weive wilhout lhe consenl of th€ Maioaity Londe6 any matedat provision of lhs purchase Conhact so as to ensure lhat pedormance of lhis Agreemenl ls not lmpalred in any way by such va alion, emeMment or watver, incltdlng Int6r alis ths payment tems of lhe purchase Conhact relating to th6 Dof,,n payment. 20021a112-6 18 '14.3 Authorlsetlons The Borrower shall promptly oblain, comply wlth and do all that ls nocossary to maintain in full forc€ and effec1 any Aulhoaisalion requhed under any law or regulatioo of Georgia to: 15. (a) enable it to perform its obl8ations underlho Purchas€ Contract; (b) ensure the legality, validity, enforceability or admissibility in evldence of lhe Purchase Conlract. FACIL]TY EVEIITS OF DEFAULT Each of lhe evenls or clrqJmslan@s sot out ln this Clause 15 is a Facility Evenl of Default (savo lor Clause '15.7 (Acceleralion)). r5.l ggq@!J9@c3s@.e!! Each of the CTA Events of Dofault set fonh in dause '16 of the Common Terms Agreement which forms an integral part of lhls Agreement is a Facility Event of Default undor this Agreement- l5-2 COFACE lnsuranco Policv B or Ritk llitloant ln.trumoni B The COFACE lnsurance Policy B or lh€ Rbk Miiigant lnsttumont B is fully or partially wilhdrawn, susponded, lorminaled or cancelled or otherwise ceases to be in full forco and effecl or binding on and enforceable ag6inst COFACE or the Risk Mitigaht Provider (as relevant). 15-3 Arrchrso Contracl The Purchase Contract is modmed in violalion otths lorms ofthis Agreemonl' The Purchase Confacl ls inloruptsd oa susp€ndod or is cancsllsd or is eadyterminated The Purchase Contract is under anyjudicial or arbitration proceeding wfiich has or is likaly to have a Malerial Adverse Effecl. 15,4 (a) lt is or b€comes unlaniful for the Bonow€r to p€rform any oI its ouigatiom undor lhe Purd€so Coofact (b) Any obligation or obligstion6 ot ttlo Bl,,)€r und€r tlo Purcha3o Conbaci ato not or csaso to be legal, valld, blrdlng or €nforc€able' rs.s !@sd-ld-nrcdbas Any acl n€cossary under lho lans of Georlla to enable th€ Buy€r to p€ttorm ltE ouigBtlons urd6r lhe Purchaso ContrEct o. any hansadion contomplat€d thereby Is wlthdrswn or b€6n ob,lein€d' or tlle modifl€d or 3hall othorwiso coas€ to b6 in tull forca atrd affocl or not repudhto lh€ Purchase B!!.q tspudiates lhe Purdla6€ Conttact or evidoncss an lntontion lo Contad. 19 15.6 COFACE Fec itv B Any event defined as a .Facitity Evsnt of Default. under the COFACE Facality has occured and ls continuing. Agroement I 15.7 Accoleration On and at any flme affer lhe occurence of a Facllity Event of Default whtch is continuing the Agent may, and sha if so directed by the Majority Lende.s, by notico to the Borolver: (a) (b) (c) cancelthe Total Commjtrnents at which time they shall immedjalely bo cance ed; declare lhal all or part of lhe Loan, tog€the. with accruod interost, and other amounls accrued or oulstanding due Io the Facility Finance partios under ths Finance Documenls be immedialety due and payabl6, at which lime they shalt become immediately duo and payabte; or a exercise any or all of its rights, remedies, pow€rs or discrelions under Oocuments. lhe Financo 16. EFFECTTVE DATE The Padios agree that lhe rights and obligations of lho padles under the Agresment shalt come into force and effec1 on lhe Efiective Date as per the prcvisions Date) of tho Common Te.ms Agreements whlch forms an lntegfal parl oI clar* SO 1Ef"al" of this Agreement. 17. GOVERiJllrlc LAW This Agr€emonl is governod by French law. 18, JURISDICTION - ARBITMTION Anydispute aeraring ro the varidity, construclion or porformance under this Agreement shafl be sellled in accordance with lhe provisions of clause 29 of lho Common iorms agreement which forms an integral part ot this Agreement. 19. COMPLETE AGREEMENT The Finan@ OoqJmsnls contain lho completo agre€ment bel,rrron th6 parties on the matters to Mich they are relaled and supersede all prior commilrnents, agr€sments understandings. whether witten ororal, on those maflels. THIS AGREEMENT has been ontered into on the Agreementand made jn 4 originals. anA date stated at the beginning of this 20 = SIGNATORIES l IIEC9EE9WEB GEORGIA By: Noda. Khadu.i "t"rO**r"*m Tfle ltolreo LElo mBl cen lxo onGNrL corrEncnt teNDER g SOCIETE GENERALE Bt/: E ic Alain des B€aurEis Erpod Flnancs Menco, S€udty & Salellil€s SOCIETE GEIEMTE B!,: Eric Ahin dos BeauYai6 Erpod Finance Def€rE€, Seon;ity t satellitos 21

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SCHEOULE I. COiIOITIONS PRECEDENT CO DTflONS PRECEDENT TO INITIAL UTIUSATION ,, Csdllcatss or lncumbency and authorlty The Agent shall have rec€ived an orloinal of the csrtificate of incumbency and authodty of an authorized representalive of the Bu!4. substantially in tho form of ScheduL 3. The Ag€nt shall have r€ceived an original of the cerfificats of incumbency and authority of an aulhorized representative of the Borro$er substantially in the folm of Sch;dule 4. Ratillcation The Agent shall havo .eoeived a copy cedmed as a true copy of tho Padiamenl ot ceorgia on Etificalion of the Common Terms Ajreement Agreoment; Resolution of the and each Facitity Legal oplnlon The Agent shall have received lhe following docum6nts, in form, satisfaclory to the Oaiginal Commerclal Lenders B, and addressed 8i (i) scope and substance to the Commercial Lenders a signed lsgal opinlon by a duly represontalive of the Minislry of Justbe of Geo.gla (j)on the due.atificalion of the Common Terms Agreement Agreoment by the parliament of Georgia. (ll) on the legality, and eacfr Facilify vatidity €nd enforceability o, the Finance Docuhents fiom a ceorgian law p"op*tir" iiiD and authorisations of the Minislry of Finance of ceorgia "na DoqJments; 0l) _lt" to enter into ttre ""p""tty iinance a signed regar oprnion by an externar Georgian raw frrm acceptaue to th6 Lenders, Georgian law counsel to tho Lenders. on the duo ratification of tf," Coar* Agreement and each Facitity Agreemont by the paaiament * Ceorgla f"_" that all autho.lsations to enter into ihe Financa Dbcuments anJ cortfrrming trare Oeeir Ouly oOLtnea, Punfii3e Contract The Agent has received: (i) a certilic€t€ of a duly authorized rcpresentative - the purctEso Confact to whlch it ls a pady wlfl come inb fone and effect upon payr€nt of the oown payrnent and is not suspeMed, intenupted, cancetted or lsrminat€d or undor any i ludtclal or arOit proce"iii;, -' "fbn by COFACE as a condition or rho coFACE rn".,""'o pori"' J r'"" 0""n tha busin€ss interruption insu.an@ reque3ted f"",:tl:J:tr"fl*veness 200211L2 A of the Seller clrtiflng tEt: (i0 a lottor signed by a duly aulhorized rePtssonlative of the S€ller confi.ming that (a) it has obtained the export license authorising the Seller io export the equipment pursuant to lhe Purc-hase Conlract and (b) it has obtalned a signed end user cotlllicate from the Buyec (iiD 5. to the Facility zoo21aL2-a 23

SCHEDULE 2. UTILISATION REQUEST To: Soci6t6 G6n6ralo, as Agont Frori: Georgla, actlng through its Minblry of Finance, as Borrower Dale: I.l P-URCHASE COI{fRACT dded tO Juty 20i5 bltvlgon ih. Mtnlstry of DeferE of c.orgta .nd I,BDA Frarc., wholo rtgtltsrcd of0cr b at I awnu. R6aumur, Franc. (th€ purcharo Contraci) b3q, L. ptc.rE;btnlon, Commo.clal Facillty Aoro.mont g datsd 8 Drcsmbor 2Or5 (ths 1. Referonco is mad€ to the Agreement. This is the Utilisstion in this Utilisa0on Request but not deined have the meanlng 2. Agisem.nt) Request. Capilalisod le,ms used glven to them in tre fureement. Wo he.sby requsst tho Utjlisatjon und€r the Coinmercbl Facility B of an amount oqual to EUR [a], conosponding to: !. the lnvolco [a] relating to th6 Dofir pa]ment dus under th6 purchasg Contract, to be patd by Utitbalioo undsr the Commercht Faciltty B a.d whi* shouta U. ;dn"A o th6 account of the Sellgr as follovrs: (a) gank Nams: [al; (b) Account t{am€: Ial; (c) Account Number: [a]; (d) SWF?So.t Codei [.]; (e) Ref.: [ol. -. the reimbursement of the Risk Miti{Fnt F€e, to bo patd Agreement and whldt lhall be credited to the to he &€nt porsuam to the &ont,g ac.counl. We con lrm that the D6m palmenl ls due alld i?a!€ble as per the torms of he punhase Contract. 4, Wa confirm lhat lhe purchase Conhact will come into foaco and eflect upon tho paynent of the lntenupted, cancelled, 6n,fa"i"O,,"rl, ,", Oown Parnent and has hot b€€n suspended, * . ."t"i,"ffv i"oin*, whether in wiote or tn pait and ls nol under any judictal or arbitration pddlnf. pal,monl terms are concemsd, has not been matedally amendej w€ contirm rhat each condition specifed und€r the Agreoment which must be satisriod under clause 3 (conditions of utirisation) of rhe Agreement is sausfied on the dale of this utirisarion Request and that no Fadlity Defautt nas odJneO and is continuing. 24 Th6 tollo,,ving doqlmonts arB atlsdFd: (a) (b) Tho cerlifi€d copy ofthe iftolca ielating b lhs Do*n Psym€nl The certifigd copy of the advarrce payment guarantee referred to in the Purchase Cont"acl. 7. This Utitisation Request ls inevocable. Yours truly, By'. Geoqh, scting thlougfi itts Minisuy o{ Fh&rc6, c Bo'ruitr I n ,l,,tal'i-, 25 ^..-id!-I EiJ I

SCHEDULE 3. FORM OF CERTIFICATE OF AUTHORTTY ANO INCUMBEiICY To: Soci6l6 G6n6rale, as Agent From: Tho Minislry of Derence of Georgia Dalei tl OF THE BUYER Conmgrrlrl Facllty Agrsomsot datld g D.csmbsr 2OlG (0ro Agnlmfit) 1- Referenc€ is mado to the purchage conhact dated 10 Jury 2015 ente,ud rnto bet{/een lho Ministry of Dofence of Georgia (the Buyo.) aM MBOA France, whose regfstoreO omce ar r avenus R6aumur, 92350 Le ptessis-Robinson, France (the S€llor) for the;upply ot equipment and associatod services (the pu.chaso Cont.rct) f Referenco ls made to the A0r6ement. (a) h",rf"rliO*1.1ai acring in capadty as [al, duty aufiodzed for the purposeg L h6reor, hereby cortfy ihat llsrs bolow ars the dotalb and lru6 6p€cimgn s6*irr"s of the porsons ,ho are, and wil con nue to be, authorizeO to slgn on Uehaf o; the Buyer all do@monts and erlrrcales to b€ dglitercd pursuant to ths purctrase Cootract, 3. You may.assume thatiany such p€rson condnuos to b€ 30 authorizod un l ),ou r€c€ive au0Drized Mtttsn notire fom lho BuFr ftat ltEy, or any of them, alo no longv * "*n*. Yours fuly, By: Th€ Minisfy of Defenc€ of Georgia, actang as Buyer 2@i1a1s2_6 26

SCHEDULE 4. FORIII OF CERNFICATE OF AUTHORIW A D INCUTiIBENCY OF THE BORROWER To: Sod6te c6n6ralo, a8 Aoorn F,om: G6orda, actng throqh its MinHry of Ftnancg Ilale; tJ Conm.rcial Flcllft!' Ag.Intllt ddrd E D.cdnb.r ZX5 (th. AgricDont) 1. RorolEnc€ ls rhade to the Agreement. are, and lnll conlinuo lo bo, aulhorized: (b) (c) to sign on b€halt of tho Bo.row€r all documgnb lo be dellvered puBuant to the A€rBem€nt 8nd to tak6 any actirn Equi.od o. psrmlUod to be taken, don€, Blgn€d o. exeqltBd under ttlg Agro€mont. 3. You may assume Ulat 8ny sudl pcrsoo conlinues to be autho.iz€d Milte.l notke ,rom th€ Bo.rorBr that they, or authorizod. Yours tru,y, By! Goorgia, acting Itro(rgh ils Minbby of Financo, I Bo.ros/6r 2@21a1a2_a 27