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ATD AGREEMENT NO CGE 1016 OI B CRTDIT FACILTTY AGREEMENT drtcd.r of9'r ofNoveDbcr 2018 bat*eetr AGENCE FRANCAISE DE DEVELOPPEM ENT Th. knder aDd GEORGIA The Borowar 6.I\ .t* €... t. z. 3. 5. 6. 7. t. 3 9. 1i 3 3l 4l 4' 5 WARRANTIES...-....... ,., lo.l Powcr 6rrd authority....... REPRESENTATIONS AND *ia*""...... ii.i vatiatv "na "a.iriiutity in............---. ii.i Binaini obrieatjo* .... . ... lO.4 No fili;gor slrmP tax.s ................ -- ---. 10.5 Tnnsfer offunds io.e noconOier *ittr othcr oblig!tions.-..... .. io.r Cor"*ing L.a* ,r,a Enforcimen. ..... ..... ... . 10.8 No Drf.uh......... ai4 ----------- !s '" " "" 15 "" -" "I5 "" 16 """ "" " 15 16 " ---- -'- 16 16 -*-------"-* ' 16 cx rnua -d Alti{ornp'ritivc Pnub --r- lJ ;;:i; ;;;;-fr,rd"I,. oico.'uptioo' ....'.....,... .. .. ll. 12. - - --f " i6.ii N.-rra",-irr m"ets. Efrccr.. ---',----f-'" ITNDERTAXTNGS...-....ll.l Complisicc with lrws; RcgulatioB. ObliS'tiont" """ ' ]--:7 -- - i-l]lT ll.2 Authorisalions.. . " ii.i i.rnpr".err,"ti"" ""a hcserv.tion ofthe Progtrn gn''i..--r"f R6Ponsibility ii.a 1 It -d social --- - i- l8 ll.5 Psti Psssu Rankin8..... ........ ..... .... ....."' ii.i i'a""i "ting ftai*Jrs and laspcctions.. ... 1 It ll.? ProgramEvaluation.........,......-.,,-.. -- - - l -l' -.-.----- -- -- - : : t -:- -l- 19 ii,g p.;".lrnpt*t*rrtion....,.... ........ .--Freud or Anri-compairiw Praclicrs " " 1 19 ii.i Oiinorn'*,".Act.of Conuptiorr INTORMATIOIT UNDERTAKITiGS...--.....-............ -------l'-" -- - :: I ..i3 l2.l Finaocial lrfonrution.. . - 1: "- -'12.2 Progt ss Repon . .,p.iu. l'20 Iroir"rn*trtion........----- * ii.i ----- 1 20 ii.l ldalition"t lilton*tioo.. .........'.. ........ ........ -------i'-'lo EVENTS OF TTEFAULTS - -" - -" --* " - i 19 l3.l Evcoti ofD.fau1t........... "' ---^-:' l3.2 Ac.clcrttion....,.. *Dcfault..... ""' ii.J i.i"iii*,i", "r* Ev.nt of -.-- ) " 22 ArrMlmsTn TIoN OFTBE rACLITY....'........-.. l4.l Paymcn1s......... .. ........ t4.2 Scr-o1l............... 14.3 Bu!in63 Dsys.,.. 14.4 CuIIqrcy ofPlymc 14.5 D.y coutrl convention . .......,...... ..... 14.6 Placc ofpaymcnt 14.7 PsyrEnt Sycera DisruP{roD. .... . . ....... t5. MrscELL^NEoUS-..-.l5.l Lsngurgc........... ..,..... .. tioos....,...... ... ts.z CcrrinJtions aoa dd.rmin 15.3 Pdtisl iDvalid8 15.4 No Wriv.r..,...... 15.5 Assignm.' ........ 15.6 Lcgd ctrcct.. .. 15.7 Eniirc agrccrncr 15.8 A.rncndrnents .... 15.9 Confidcntialiiy - Disclosu! ofinfonrDtion Lilnitrtion......... l5.ll No hardship ..... . NOrtcEs...................-.... dD addlcs3cs duuesEJ.. wnutrts and rn wriring lo.lI In 15.10 16. I 6. 16.2 Dc1ivcry............. 16.3 Elcdronic colDtNnicltions .. .. t7. c " ',." _ _-- - ---- ----- i- *1 l1 --t:l --""J':: -- -1":: - " --i:: l-11 - - 1''o -*^"-* ---*---t'o "--- " -- 111 " -lli " -- ---l i: - l:: " -- " -1:: -" " - - ii: - "t -- *- " - illi: " " 1r) '---'- -116 --'----i'U --------*lJ6 - t;;19 ---^"-- 1 GOVERNING LAW. ENFORCEMENT AND CI{OICE OF I7.t Goveming 11.2 Arbitration o,-rs l?.1 Scwict ofFocr$s IE. DURATION SCHEDULE 2. PROCRAM DESCRTPTTON SCHEDULE 3. INDICATIVE POLICY MATRIX SCHEDULf, 4. CONDITIONS PRECEDENT.,...... SCTTEDULE 5A. TORM OF DRA\TDOWN REQUEST SCIIEDULE 58 . FORJTT OF CONFIRMATION OF DRAWDOWN SCHEDULE 5C - FORM OF RATE CONVERSION REQUEST AND RA SCHEDULE 5D. FORM OF RATE CONVERSION CONFIRJT{ATION """ ON THE FRf,NCH @V SCHEDULE 6.INFORMATION THAT MAY BE PUBLISHED WEES|TE AND TnE LENDER',S WEBSITE.-------.-----. SCIIEDULE 6,I TRANSACTIOIT I]\FORMATION NOTICE "ss CREITTT FACILITY AGR.EEMENT BET"WEEN: (A) GEORCIA, in his c'pacity as rhc Ministcr of Finalncc of rcDrcscntcd bv Mr' lvanc MATCMVARIANI' Agre€m€nl Georgia, who is duly authorize'd lo siSn this ('G.orgiJ' or fie "Borrow'i); I AND (B) I a French Pubhc entitv gov'r!'i bv AGENCE FRANCAISE DE DEWLOPPEMENT' 12' Franc!' i-r,i rit,r*er"a offrcc ar 5, Ruc Rola'd Barthg ?5598 Paris ccdcx 56i 599 number.??5 undcr or Pans and companics Resincr as rhc Direqor of. D!T*pn'" ilJ."+[* NIior-r-E r' in h"' I'LiJli. #:;H-il;l;;-T";c "aFcitv 'iiiiiii.atr'il.. *dsocialTrusitiooDcpaflmcntofthcFranchDcvcloPm.ntAgcncy,dulyaulhorisedbElSn thi! Agrccment, C'AFD" or thc "L.rd.r'); (hlrEinrnerjoinrly rrfeFcd to as Ge "P'rlics" tnd cach ' "Prrty"); WITEREAS: tluouSh spccific mc'sllfts dffinod (A) Ti. Bonowd intcrds to imFovc its social wclflF systcmir Schcdulc 2 (Proga n Descriptionl funh" in 0 Dolicy mslrix (thc "Pro8rem '), as dr'cribld ..d schEdule 3 (lrdriaaliv€ Policy Moti') L l (B) makcs a facility avtilablc Thc Borowcr has rcqu6ted that thc l'ndcr fin.ncing tic Plogram. (c) Pursuant to a rasolution ro2ol8o483 of thc for thc purpofes of Forrign Sralcs Comrniucc,(Co"t tti de:lE:!' to s"r,*tcr 201t, thc Lcndcr has'ascrd to rnalc rhc Frcilirv avsiqblc I tams ud conditions of this ]i-##LiJii il:"ii:ffi;;;il-,h" Agrecrnmr' THEREFORE TI{E PARTIES HAVE AGREED AS FOLLOWS: I. DEFINITIONS AND TNTERPRETATION l.l 1.2 2. FACILITY, PURPOSE AND CONDTTIONS OF UTII'ISATION 2.) FacililY c,hid t6 rh. tcrms of this Arrlcmcot, fie ladeI makes avtilable to the Borrowcr a Facility iJ:'fjJ:,fr:#Ui':I;:ff;iffiii;;,;;iionlurosreuR:s,ooo,ooo) 2.2 r Puroos€ Tffi * #,ilffi ,fi IS#ffi Si;'i"'lHJ:,,':,1ffiT,?H;,7,i'#X 1(lndicon$. Poliq Matri'\' mefix describcd in Schcdrlc 2.3 I Abrcncc ofLi.bililv slnou boT o*!d which ir Ilol Thc L.nd.r stt ll Dot bc hcld EsPorEibl. for lhc us' oflny accordaicr vi$ lhe Provisiors ofthis Agrtcnrrt 2.4 condirioris il prcccdent (a) '-'' No lalcr lhan thc Signin8 D q thc Borowcr shall providr lo thc Lcndcr (b) A Drawdo\rn Rcqu6t nray not br delivcicd to thc Lroda unl6s: I all of thc do"uranr. ,", our iniani of Schcdule 4 l Conditiotlt Pr'cedent') ' (i) thc L€rdcr has rEccivcd rll of documcnts lisl'd in Pan U of Schldulc rt,. Bo'ow". th't such documdrtsl r'". 4 i;"#:r;;';;;;;;,\ ".iin.a ^Jsubstalcc; in form and are satisfactory (i, a# popos'd Drawdow' -Date i"i iir" or"a"*", no Paynrnt Systerns Disruption Evcni has octlfird and includinSl the conditions sa out io this Agrcarcnt havc bcal fulfilled, on the dalc of lhe Drawdown Relu€sl and on thc poPos'd (l) no Evcnt of Dafautt is co inuing or would rcsult ftom thc (2) thc Drawdown Rcqucsl has becn madc in accordanc-c with thc rcnns I of Cla\s.3.2 (Druwdon reqYett)i (3) .ach rcprcsentllion givcn by lha Borowct in relrlioo to Clause (Represanlatiol, and wona,lies) i! lruc' Dr.wdown; I l0 ^rri( 3. DRAWD]OWN OF FUNDS 3.1 Drawdown amounts Thc Facility n ill bc uudc available to thc Bonowcr during th€ Availability P.riod, in on. (l) singlc Drawdo*n. Thc amount ofthe Foposed Drawdown shall be lhidy.fivc million Euros (EL,R 35.000,000). ! ).2 Drswdown rEoues! I Prcvided that the conditions 6ct oul iD Clswc 2.4(b\ (ConditioLr preccdenl) arc satisfi4, (hc BoEowcr rnay drax, on tha Facility by dclivcry to lhc lrrdcr ofa duly complctcd Dr.w{own Rcqucsl The Drawdowu R€qu.s( shsll bc d.liv6rd by thc Borower to thc AFD head {flice Direclor - Eastem Europc, Middlc Erst, Asia Dcparlmcnt al lhc addEss specified in Clausc l6.l lln writine and addresses\. Thc DEwdown Requ6t is iEevoctblc lDd will bc t€tffdca as fravlng Uccn auty complcrd iC (a) the Drrwdown Rcquesl is subsbr ially i, lhc fotm sct our in schcdulc 5A (Forlr o/ Drabdovn Requ?Jt); o) thr Drawdown Raqucst is r.ceivcd by thc Lendcr sl lhc lal6t fiffeen (15) Busin6r Eays prior to thc D.adline for Dr.wdown; (c) the proposed DrawdowD Detc is s Busincss Day fauio8 *ithin lhe Availabilily Period; (d) thc amount of fic Drawdown complics wlh Clausc 3.1 (Drawdown (c) sll of thc docuh.nts set ou in Pan Il of Sch.dule 4 (Conditions Precedznt, for lhc purpgses oflhc Drawdown aI! atlrchtd to thc Drawdown Requcsl, comply yith the abovemcnliohed sch.dule snd with $e requirErn.nts ofclausc 1.4 (Paynenr nechanicr), a'.d are in form fnd substaoce satisfactory lo $e lrnder. I dIl,ounr\i.id ] I 3.3 Pavment complelion Subj.cl to Claus€ 14.7 (Poynent Sfs]a,ns Divqror), if csch of thc condilions sd ou4 in Cl.usc 2.4(b) (Corditbrr precedent) of l\.is Agr',ficnl has bccn rncl, th. Lrndct shall m+c thc rcqu.stcd Drawdown availeblc lo $e Bonowcr ool lstcr thrn th€ Dnlldown Dalc. Thc lrnda shall providc 0rc Bo.ro*cI with a lctt?t of Drawdown confirmalion substa0lially in thc forll1 set out h ScMulc 58 (Fonn ofcoatirrnolion ofdru$dow ahd ralc\. 3.4 Paymenl mechanics Thc proc&ads of lhc Drawdown shall bc paid to $c Borrow.r's Account or any otha accorlpt which dctails will be duty notifi.d by thc Botrowcr to th€ trnder. 4. INTEREST 4.1 IntqcrtRatc I I I I 4.1.1 Sclcction oflntercsi Ralc I L Tha Bonowcr may sclect a 6xcd lntacst R tc or a flosting Irtcr6t Ratc for thc Drarvdo*n, whicl shsll apply to lhe amount sc.t out in lhc rclcvant Drrwdown Requcal, by su(ing thc sal.ctcd lDlcrcs( rurc, ii.,'nrcd or floating, itr thc Drawdown Rcqu.lt dclivcrcd to thc Lcndcr sub.lantially in thJ forrn ser out in Sch€dule 5 A (Fo.ln of Dlavrdot ln RegreJl), subject lo thc following conditionsi (i) Floaring lnlcr6t Rstc Thc Bonowar rnry rclcd a floating Inter€st Rate, which shall bc lhe bainS lhc iggrcgalc of: percmiage ral€ Per annuml sir-modh EURIBOR; .nd thc Mlrgin. and thiny-fiJ Notwitbltanding thc abovc, if lbc fitst lntctBr P.riod fu )cse lhan onc huDdt'd (135) days,lhc lpPlhlblc EURIBOR 3h!ll bc: ' L ' onc-morrh EURIBOR if thc frsl I crcsl P€riod b lcss than si y (60) drys: or ' rhrec-month EURIBoR ifthc fmt Inlolst Pcriod is bctwc'n sixty (60) d!y" ana onc h*dr"t .nd lhiny-fivc (135) dsys (ii) Fixcd lDlciBl R c R'lc incrca6cdl Thc Borro*cr may scl.c( a fixcd lnlcrcst Rale, *hich shall b! lhc Fixcd RcfcEnct Rsrc flucluation of thc Inder Rat' from the Signing Datc unlil thc rclcvanl oi a*L""a Uy Se(ing Dalr. "'ny I for fixed Intcrest R'lel Thc Bortowcr may speciry in the Drawdown Requcs! 6 maximum aorounl Ralc ;3 cllculatcd on the Ralc Sdting Dalc cxcctds thc rrllxtnum amount- l'or] tf rhc fixad Rcqu'3 thlll bd tntcrcst narc spccinca in thc rdcvlDt DrEwdown Rrqu'st, such Dr!\rdown 3ttlll clncctLd snd lhc DrawdowD amount 6P€cifiad in thc crtrcll'd Dnwdo*r! R'qucs crcdilcd ro thc Availablc nJ lfl!;l * Cttdit l 4.1.2 Minimom htcrcsi Ratc I Thchl€rcstRatcd.,Gfrnin.dinaccordanccwitlclrl\B.4.1.|(Selecnonolln,ereJtRare)shallnotbb (o;;i; ;;,-i"t*i'r""oai'g *v *"ti* in rttf l.ss than zero poinl lwcnty-fiv. P* "*, lnicr6t Rflc. I 4. I .3 ConvetsioD from a floaling lntcrts! Ralc to a furd Intctdr Ratr Thc florting lnlcrcll R.tc 6Pplicable to thc Drawdown shall be converted acrordanc. with lhc conditions sc{ oul I 1o a fixcd lntcresl Rsl' in] bclow' (i) Rrlc Convcrsion upon thc Bormwcis rEqucsl I i Thc Borrowcr may rtqucst at any lime lhat the Lcndcr converts thc flooling lntcr6l Rtlc .ppr;*-Crc i"iiti rii*ai"n to a fix; ht66t tutc To this eflecq th. Borowcr shall send ro th. lrrdcr a Ralc Conversion Rcqu'st substantially 1 ini thaformsctoutinschcdttlc5C(FormolRateConverrionReqtatt)TrrcBorrowdn'ysPccltyrn If th' fixcd Lnlcl€st Ratc as thc Rate Convcrsion L,cnct a nraximum smouI for fu(cd InlcrBl Slrc fixcd lntcrEl Rrtc lpc.ificd o, rfra n"r" SatinS Date cxc.cds lhc ruximun slr,ol,nt for Rcqu6t will bcl Coovcrsion ""i*f"iJ in lhc Ratc CoDvcrsion Rrqucst, such Rrte Uy ,h" go..t ", autonulicslly c{ncelled. I 64 ;ts The fixed lnterest R te will be efrective two (2) Business Days aftcr thc Ratc Selting Dalo. (ii) Rate ConveNion melhanic The fixed Interest Rate applicible to the DBwdo$rn shall be dctcrmined in a"cordunce *ith cfause 4.1.1 (ii) (Fixad Interctl Rar?) above on the R tr Setling Dat€ refcncd lo in subprr.gapF (i) above. I Thc Lender shalt send to thc Borower a tetter of confinnation ofRale CoDversion substanrialty in the form sct out in Schedul.5D (Forrn ofRa@ con|etsion ConJimation). A Rate Conversion is final and a! rlo costs. i L 4.2 Calculation and pavment of interEsl Thc Bonowcr shall pay ac.lued inte.lst on thc Drawdowtr on .ach Paymcnt Dalc, j Tlre arnount of interest payabl€ by lhe Bonowe! on a relevant Paymenl D6te and for a rclfanr Inrcrcst P6iod 6hall bc cqual lo the sum ofany interest owcd by $e Borower on lhe ampunl oi the Outstanding Principal in rospect of the Drawdown. Irterest owed by the Borrow+r in rcspcct of the Drawdowo shall be calculated on thc basis of: (i) L I the Outstanding Principal owcd by lhc Bonowg in resp.ct of lh€ rel+anl DIawdow! as at the imrncdiately Feceding Paymqi Date or, in the casF of thc filst lnt€x€st Period, o! lh€ corrcsponding Drawdown Date; (ii) (iii) the exact number of days which have accrued during the relevant lnlJlcsl Period on the basis ofa tLee hundred and sixty (160) day yeari and L the applicable Inrelesl Rate determined in accordance with the povision+ of Ctarustr4.l 4.3 I (I ercstRak). I lrtc pavment and d€fault intercst (a) I latc paymenl and default inleresl oll 6ll amounls due and unpaid (€xcepl for inlercsl) If the Borower fails to pay any amounl payable by it (o lhe Lender undcr fis Ageement (whether a paymenl of pnncipal, a Prepaymenl Indern lily, any fccs or inciden(al expenses ofany kir:d except for any unpaid ovcrdue intercso on ils quc date, interesl shall accrue oD the overduc amounl, to thc cxtent permilted by law, frQm he due date up to the d.le of achral payment (both before and aner an arbilral awa[d, if any) at the Intcrast Rale applic€ble lo ahe current lnlerest Period (defaull inler$l) increased by ltuee poi t five per cent {3.5%) (lale-paymenl inleresl). No formal prior notice from the Lender shall be necessary. (b) lrte paymenl and default ifler€si on unpaid overdue inlerest Interest which has no! be4i paid on its due &te shall bear intercst, to the exlqlt p.rmirt€d by law, at rhe lntercst Ratc applicable to the ongoing Iflerest Period (defalll er6t), incrss€d by lhree point five per cent (3.570) (lale-Psyment inlere60, lo l+e cxtcnt that such lnterest has beln due and ply6ble for at least one (l) ycar. No formFl i prior notice from the Lender shall be naaessary. I Thc Borrowcr shall pay any oulslanding inlercst undr. ll\is Cta\se 4.3 (Lolc poymeil and delauh inrerest) iifiediately on demand by lhe Lender or on e3ch Palmenl Datc following the duc dale for lhE outstanding c payment. ' -.r$ (c) R.ccipt of any pal,lncnt of lrt. ptymcnt intetcsl or d.faull inlcrtsl by thc L"dcr shfll ncirh;r ifiply thc gr.d of any Plytftal cxErEion lo thc Bonower' tlor oPctitlc as a waivor of6ny oflhc Lcndcr's righls hctalnd.'. 4-4 l Cornrnunication of Inleresl Rat€s Thc Lrnd6 shall promptly nodry ihe 80r10\*.r of thc detctminalion of cach lnt(,6t Ralc ln s@ordancc wilh this Agrc.rncot 4.5 Effcctiv. Olobsl Rrtc (foq, EfectiloroDan ln order to comply wilh Anicl6 L. 313'1, L.313-2 snd &313-l er Jc4 -of th'.Frcr4h Consumcr Codc and L. 313-{ of thc F.rnch Mondary and Financial Codc, thc LsdcI idonts glo&| rhe Bonowcr, and the Bo owc' acct?ts, thel thc cffeclivc Slobtl file (loux et'ctif pet poinl ccflt eiShty niDc eDDlicablc lo the Faciltlv mlv bc valued at an snnurl late of onc (ii9%) on thc Uasis ofi thrc. hundnd and sixty-fivc (365) day yez', and an Intcr6t Perif ofsix (6) rnonths, subj.ct lo lhe follo*ing: (s) rhe abovc rltc is Sivcn lor information Purpos6 oDly; (b) thc above ratc is cslculatcd o,t lha basis thal: (i) (iD Dat.; SiSning Dat.; drawdown oflhc Facility is in tull ooI thc Signing I no Drawdown [ade avlilablc lo thc Bormwcr *ill bcar intcrts on lc floaiing rstc; and (iiD thc fixed r c fot lhc durttion of lhe frcility should be cqual lo onc poi{r! ciShty thrrc Pcf ccfll (l,8370); (c) I by th' Borow.r rhe ebovc rrlc lakes into account ihe cornmissions and cosls will rcmain fixrd and will apply and costs commissions that such rhis ASrccment, assurding (his Agreemenl unlil the expiry of the term of payablc und 5. MARKET DISRUPTION (s) lf a Markct DisruPlion Evcnl r{Iccls thc inlgbank mrJkd in- the Euozonc.and it.i3 the trndtr impossiblc to dctcrminc lhc sPpliceblc EURIBOR for lhc rclcvanl lntcrcst Pcriod' shall inform thc Borrowcrwilhoul I dclay, (b) lntcrait uDon thc occurcnc€ of lhe cvcnt dcscribcd u PamgraPh (a) abovc' thc applicablc sum ot will bc lhc R;t€ for rhc rdcvanl Inter€st Period (i) lii) '' lhc Margini and thc DatEarl.c. rale p€t rfilum conEponding to lhc corl to tbc tddct gf funa'ing ttrc orawdonn ftorn whatcvcr solrrcr il may r6sonsbly sclccl Slrll ratc shill bc nolified lo lhc Borrower as sooo as possiblc and, h any cesf' prior lo lhe Psymml Dstc for inlertsl owcd undcr lhe r'lcvtnt Inlcr'sl Pcriod' 6 FEES 6.1 Commilmanl fcas I From Fcbtuary ld, 2OI9 onlf,ads, the Bonowct shrll Pay to thc ['nds ! cornmihant zero point fivc pcr cent (0.5%) p€r fc' df ennum. ] 10 G4 ^\rd Thc commilmcnt f.e shall bc computcd st the r.lc spccificd abovc on thc amount lof th. Availsble Crcdit pro-r,atrd for th€ actual number ofdays clapscd incrcas€d by thc amdunt of thc Drawdown ro bc rtudc svailsble by thc I,cnd.f in accordancc with 6ny p€ndinc Drai/down R.qu6t- I I Thc first clruairrneot fcc shall be c.lculatrd for tlc pciod fion (i) Fcbruary l,l 2Ol9 (includcd) up to (jj) the inunedialcly following Paym6 Dale (includcd). SubshucDt cornmiunent fe6 shall bc calculatcd foI p€riods conunct|ctng on the d.y inumdialcly following a Paymcnr Date (includcd) aDd cnding on lhe ncxt payment Date (inciudcd). Thc accrucd comDitment fce shsll bc payablc (i) on cach prymcnt Darc wrthin thc Avsihbility Period; (iD on thc Paymcnt Datc following rhc lasr day of lhc Dnwdown }jeriod; and (iii) in lhc cvent trc Available Crrdit is cancellcd in tull, on lhc Psymot Dole folthwinS $e cflectivc datc ofsuch canccllation. 6.2 Aporaisal Fee Prior lo thc Drawdowr and no later thrn ninay (90) ctlcndar days ancr ihr Signing Datc, thc Bono*c. shall pay to lhe lrldcr an alpraiaal lee of z.{o poiDt fivc pcr crr (0.5%) c.lculatcd on thc rmximum amount ofrhc Facility. 7. Rf,PAYMENT Following cxpiry of rlle Gr'.c. Pcriod, th. Bormwcr shall rcpry rtlc kndcr rhe priJcipal amount ofthc Facility in twcoty-eight (28) cqual se$i.Mnual insl.lmcnts, duc and paya{le on cach Paymcnr Date. ili[lH1ffijjJfl::"^l[TfrB:f:i: * Fcbruarv 16'!' 2025 and th' I ra5t insiailncnr At the end of thc Drawdown Pcriod, thc L.r cr shall dcliver lo thc Borrowcr an amonisltion schcduie in rcsp€ct of tll€ Flcility takinS into acrount, ifapplic€blc, any porcnlial c!ncclution of lhe Facility pursusrt to Claus6 8.1 (Cancellation by the Borrower\ andloi. t.4 (Cancellation by the knder'). E. PREPA},,Ir{ENT AND CA]ICELLATION 8.1 Voluntarv orcsvmant The Bonow.r !h!ll not bc cntitl€d to prlp.y thc \^,holc or aly plrt of$c Fsitity prior td cxpirEtion ddc ofa t.o (10) y.ar pcriod shning on rhe Signing Datc. tc As ftom lhc datc rcfencd to in lhc prcvious paragraph, rhe Borrower may prcpay thc whole or any prrt of the Facilily, subjcct to the following cooditions: (a) thc Bonow?r shall notiry rh. L€nd6 of ils intcntion lo prcpay by Dor lcs.s rhan lhirty (30) Businds Dsys'$Titlcn and ircvocablc nolicc priorto thc conlcmpbtcd prcprymcnl date; o) thc ErnouDt to bc prcpaid shlll bc equal to orc or saveEt inslrkncn(s) in principal; (c) thc contcrhplalcd pEpaymcnt date shall br s Paymcnt Dstc; (d) all prepayments shall be made togehrr with the payncnt of rccrued inlerest. any fles, indcrnnitics and rclated crsts irl com.clion wifi $e prcpsid amounl as providad undcr lhis l ASrcaDer{; G) lhcrc is no ouGtanding u[p6id strlour ; and 11 .*# ro in osc of a Dan Dr@6vm.nl. thc Bonowcf ahltl hlvc Sivcn Gvidcocc, sstbf'crory lo tlF t ndcr, thst ir tlss suficicnt commincd funding availablc for lh' purposc of fi,lrtlcins lf ProSrlm. thc firll On (h. Plymelrt Datc on which lhc pr€paym.ot is I'udq ihe Botro*cr shall Ply amount of thc Prepaymcnt rna"mnit,o Jti"'"nJ f"yable Pu$ua to clausc s z iriepayne[t Ind.,,]nitY). 8.2 Mandtlorvplloavmcnt of]" Thc Bonower shrll inun€diatrly Prcpay thc wholc or p.rl of the Facility upon 'cccipr evcnts: following ooticc from lhc Lcndcr informin8 thc Borrowrr ofany of lhc (s) '' (b) '' (c) tll.esliiv: il b.com.s unhwful for lhc Lsld€r pusua lo its aPPlicablc law to perfotm any of by thrs Agrcrmc or lo fund or nraintain lhc Facilily; iEifrtion" "" "onlemPlatcd (Additio'+l Adgitigql!9s!!: thc anount of any Additioml Costs rrfcned to in cla\s' 9'5 p'y Additiool Costs; such to has,!tulcd Crr") tt tgrlf*nt ard lhc Bonowar pgfgidl: thc L.ndcr dcclarrs .n Event of D.flult in accordancc wilh Clausc l3 (E"cnL' PI De[auhs) In lhc cssc of ..ch ot thc cvcots spccificd in Paragnphs (a), O) and (c) abov!' lhc Lcnder as a rcsarvcs the nrht, aicr hsving nolificd lhc Borrow?r in writin& lo o(crclse rs nShls (Acceletution)' creditor in the iranner qecrfied in palagBPh (b)ofClatsc lt 2 E.3 Cancellation bv &c Bo[owcr wholc or any pln oftlc Prior ro thc Deldhnc for Drawdown, lhe Bonowcr may canccl lhc Availablc Crcdil by Sividg lhe Lcnder a tlue. (3) Busin6s Days'prior noticc' Upon rcc.ipl ofsuch noticc ofcliccllation, lhc 8.4 t ndcI shrll c€nccl lhe amounl nolifi'd by titc canc.llalion bY thc Lrnder The Avdlablc CEdil shall bc imncdirt.ly ctoccllcd upon dcliv'ry of a noticc r{hich !h!ll bc itun dialcly eff.clivc, if: t *" *^Jg I (a) lha Avlibblc Ctldil is nol cqual lo zlio on thc Deadlinc for Drawdowni (b) (la) month pcriod thc Dnwdown his not occunral otr thc .iPiry dalc of ! foun"n s! m' ion€d in ptre8rafh Lcrda, of $. or8lns approval of lhc F.cility by th. comPctrnt (m (C) oflhcR.citsls; (c) an Evc ofDcfault has occutld and is continuing; or (d) an avcnl rrfcrcd to in Cl a\sQ 8 2 (Mandalory PrePayn e't) has occuntd; cxcc whcrc, in lhc casc o[ psragraphs G) 5Dd O) of lhis-Cl'us e t: lcaacettotion,b, lhe tcniar), t}c Lcndcr has poposed lo poslponc thc Dcadlinc for Drawdown or lh! dcadliDc for thc Drawdown oo thc b;sii of new financial conditions which u'ill apply lo lh' DnwdoYn undcr th€ Av.il.blc Crrdt and thc Borrowcr has agrecd on thc ProPosilion' 12 at *# 8.5 Restrictions (!) Any notic€ of prcpayrrcnt or canc-ellation given by a Pany pursuant lo lhis ClPusr E pmvidedJin this \Prepoynent and Concerlarior) shtl b. irrcvocabl€, !nd, unlcs! orhcrwrsc prcPaynall which on thc rclcvant lh. delc or det€s Agraaotent, .ny such nolic. shall spcciry prlprynenl c€ncallelion or ofthat or clnccllatioll is o ba Etadc and lhc snlounl (b) Thc Bonower shall not prcpay or csncel au or any psfl ofthc Facility cxccpl al lhc timcs and in ihr maMcr .xpressly providad for in lhis Agreemcnl. (c) Any prcpaymenl under this Agreemenl shlll be mada logethcr wnh payrncnl ot (i) ac4rucd intere6t on the prepaid amoufl, (ii) oulilanding fc6, and (iii) lhc Pftpayrncnl Indarnnity r.frrEd to in Clanse 9.3 ( Prepaydenl lndennity) belo,r (d) Any prcpayment amounl will be applied againsl the ,rrnaining inst lments in inversc oider of rrlsNrity. (c) Thc Borrorvar may not re-borov, ihe wholc or any p.n of thc Facility which has baan I prrTsid or crnccll.d. L ADDITIONAL PAYMEM OBLIGATIONS 9.I Costs and cxpcEas 9.1.1 If sny significrnt amendmcnl to this A8rcement is rcquired, tha Panirs shall e cr lnlo n consdtation p€riod of tcn (l 0) Businexs Days in ordcr lo evaluatc the smounl of lhc nlcvant costs (including legal f.es), rcasonsbly incun.d in rrsponding to' .valulting, negotiating or c.mplyint with that tlqui&ma|t alld Yhich might bc bome by thc Boro*er. 9.1, 9.2 j Panics shrll rcimbus. lo cach othat cost! tnd cxpcn!6 in comcction \f,ilh thc c(lforc4lrlcnl ofa liEal arbitrll swad Erdcrcd by lhc ltbiutlion prcvidcd ir Aniclc 17 of ihis AgEcicnt Canccllelion Indcrnnilv lf thc F.cility is c.iclll.d in full or in pafl in accordsnce with thc tcrms of Ctausds 8.3 (Cancellotoi by the Ronower) ardlor tA (concellotion b! the Lender) paBgophs (af' (b) and (c), lhc Borowcr shall pay a crocallation indcnuil, computcd rl two point fivc pdce (2,5%) o! lhc catrclld snlount ofth. Frcility. Each canccll.tion indcmnity shall be duc ad Psysblc on lhe Ptymcnt Dal. imrh.dhlcly following . ..tuclhtion of all ot p6rt of thc Facilily 9.1 Pftpevmcnt Indcntrity t trdcr as . rqiult of th. pr€payfiEnt of thc wh4e or .ny pan of thc Flcility in ac.{rdrDcr wilt! Claus6 8.1 (yolunury Yeryde ll o4 8.2 liandotory prepay^eni1, thc Bonowcr shall pay to th. t rd.r an indcmnitv equal r{ the On sccourl of sry losscs suf.tld by thc aggrcgste amounl of: lhe Prepaynent Compcnsalory Indamnity; and any corts rrising oul of thc br.ak of atly intaIrs hcdgin8 s*aP lErsrclions pul in qlacr by thc Lcnd6 ir oom..lioD witi thc anFunt pr?8id 9 .4 Taxca and dulics 9.4,1 RcgisEationcoslr 13 ^# Thc Borrowcr shall psy diEctly, or, if rpPlictblc, tlimbursc thc tsrdct in casc ofln adtncc nudc by lhc L.rd.r, &e !o;c oill stanp duly, rcgistralion tnd olhcr similFr tax!! psyable in r6p.ct of the Agrccmcnt and any polcnlisl amctrdft€nt thcrcto 9.4.2 WiofioldingTax Thc Bonow.. undcdlt.i that lll p.ytLots mtd. io rb. Irnd.f, l!d.t lhis AgrE@r+l sh.ll b. frlc ofsny witdFldingTex. I lf . Withholding Tax is rtquircd by l,w, thc Bo[owcr unddtakcs to grqs.up +c amounl ot sny such plynent to such amounl which l€evcs lhc tsd.t wilh ao srDo+t equal to lhe payrnenl which *ould havc becn duc if no paymc of withholding Tlx had bccn rcquirca. Tha Borowcf 6h!ll acimbuBc to thc kldcr all cxPi tas andor Taxcs for tlrc Bonowcr's account which havc bccn paid by thr lrfldcr (if apPlictble), witl lla excaplion ofany Trxcs duc in Francc. 9.5 Addilional Costs i 9.5.1 h this Clause, "Additiotr.l Cott," mcs$: (i) any cosl arising snc. lhc SiSdng D c out of on. of thc cvcnt! Ef.rrcd to in poragnph 9.5.2 bclor..td not lrkc{l inlo accoud by lhc t€adct lo comPul. thc fintnci.l conditions of thc Flcilit$ or (i0 l any rcduction of any amoud duc and poyable under this Agrcement; which is incuntd by thc Lcrdq as a rcsult of (i) rnshng thc Facility 6vsilable 1o thc Bonower or (ii) .nlering into or pcrforming its obligalions uldcr thc Agrremqnt. 9.5.2 If lhc Lrnder incuB any Additionsl Cosl as s r.6uh ol (i) $c c-omirg into fort-c of a:hy new law or tegulatior! or aDy amctldlE to, or tny change h thc int.lPtctation pr application of any cxislinS la* or tcgulalion; or (ii) complisnc. with any la* pr i rcgulstion ,nadc sfrcr lha Signing Dalc and ends lo rcqucst its paymcol by lhc Borrowcr, lhe Llnd.r sball noliry such requ6t to thc Bonowcr (thc "krdcl's Noticc'), 9.5.3 Following lhc Lcndcr's Notica, Ihc Bonowel snd thc Lend.r shell enter into]a consuhation period of lcn (10) Busincss Days h odcr lo d€lualc lllc amou of lhc relcvsnt Additional Cosl5 and lo fitd tha d.cisioD on plyrlllot of such coslr suibqlc for both Paniar. lf !o rcqueslcd by lhc Bonowcr, thc L.rder chall Providc qle Borrower with erpl.mlory docurrllnts Flatcd lo lhc Additional Cort! objcct of tfc lr[dcr's Notic.. lf th€ Panias fail to r.rch an agrccfiml following thc consullaliln pctiod, thc Borrowcr shall noiry thr L.nd€r its rcfulal to pay fic Addjlional Coits wirhin twenty (20) Busincss Days followinglhe rccrptio[ of dt€ Lqdcr's Nolicc 96 CLrrrenrv inderllnilv lfany sum due by the Borrowcr und€! this AgrlrnEnl, or sny ordcr, judgm.lll or awud givfn or nracle in rclation to such a sun! bas lo ba convencd fmm ihc cuEency in which lh,t surnli! payablc into ano$cr cuncncy, for lhc PulPos. ol (D making or filing a claim or Proof against lhc Borrowcr; or (ir) obtaining or cnforcin8 an ordcr, judgmcnl or award in rclation lo sily lirigsdon or arbitEtion prccccdings, a( --( thcBoFowc'shallindcrruriry$ckod.f.gsingsnd,withinllut!(3)Bu.si'EsJDlysof.lhE or uir"*, i,,v th. Llnder' thc Elnount of snv.cosr' loss(A) i::"'.".1'"";i,##; . r"*iJ includins anv discrcpancv beiwedn: r"srlr iru" ililitr;;;o,iJri,'r";" iconv.rt 'i'"'*ion rhc r.rcvan! T1" Tig:j'Ii :tr-,;.1:"lY.l111i or r'tds).ava r.lc *"hanse L',,Jiiil"ii rsith" P,'I-11I!:^"":-T^'.'11; :1,',:"l;;, on of iil';;iiffiHiJffil;;ii i.a-nitv triir-""a.,"b''is ind@ndeot or anv othcr il;;:;;l,;; thc Botrower und€r this Agrcement' undcr jutisdiction lo 9ay any smounl Th€ Bortowe. waiv6 aoy riShl il tD,y havc in any orhcr than that in u/hich it is cxPn or currcocy unit i, t tr,i. igi.i.*, payable. 9.1 to b. "*l*i Due dates to lhc l'ndc' undcr this Ctr.usc.9 Ary indcrmtty or r.imbursem.flt payablc by fie Bonow6 pavablc on rhc ?avmcnr Darc inn4-iarclv Ai;;;;;;;i';";;;,- o;t co,,^i it a" andgivcn rise ro thc relevanl rnocm4ry or i"rr""i"i ,r,"' circlmstaic_cs which have rcimbuFcm.nt. I paid in conn.tion with a- prepJymcol NotwithsrandinS rhe abovq rny ind.mniry ro be Indennitv) is du; 6nd e'vablc on $c dare of thc 4lcvtnr ;r"'#fftili.;;-.iA;# PrcPayn€flt. IO. REPRESENTATIONSANDWARRANTIFS All thc rcprcse,ltations ond wananri.s sct oul in thit Cl:"::9 liR?f:.']'ifif-'11 u"n"iioiut r--a." on th' Err'ctivc Dar' All.th: alc and the 4 Date frfi;Ii";ffi;;;i''1""i (i"iiJiii"i ffi;,iiT"T#;il; "a "u-""4"r)."'c :rT i1l*,ti,bl.Yli n ;i thc condiions-preccdenr ffi,fiiJ"? # ;# ;"ii;"';ii;-i (Condilions Prccedent\ are satisficd' on the Isted in -P-s:l-tr^or Ltc of thc tjra*down Reques!' on thc Drawdow da -^-,.i.".t in ar,n$ l0 9 (/Yo #'t'ru;;;il'i;;;';", *""pitr'"ii" '1"u"'i"a" *"' '"p*Tc':P':"""i"*,:":1,T*-'l^:l'-':"-.: oi Tr;;ffi" ;;;;;;";; "*-a*Iiia"r" on *r'i"t' !::11::-1,,-'j'"1'-"1' I'n "i" uc ;cPrccnlatio. .ir"" ri" 'nudc' fifi; iy ;;;;; \r/as l0.l Power and authoritv The Borrowar has lhc powcr to eolcr iDto' P6fonn and ;'i #;;ff;r;ii"* n'; B;*; dclivcr di5 Agreemcnl 6nd lo +rfonn hss takcn all nc'*s'rycrion ro aurhofsc its entry into, pcrfonntnce snd delivery of this ASreement' lo.2 validilv.nd admissibilitv in cvidcncr All AulhorisatioDs rcquircd' *"' and cxcrcisc iB rights and comply *ilh its (a) to.rablc thc Boroe.. to Iswfully cflld itrto' obligrtionr und., thi6 A8tlcmcnt, Jt'' I jurisdiction of .ii'$o*'"al in the couns of th! in Gl to makc lhis \u' Lo'' ilfi;;; u-oii'*ion p,**dr#";:;;i ;;'ftil Agrcctncnt admissiblc thc evidcoce E^Jorcenedt and Choice of Donicile)' havc bca obtaincd and arc in full force and cffcct, resuh in rhc ,"'o""tion, AutlEriserion3 non''"n"*"i;.L;;;;;' ;;otc or in prn' of anf such l 15 o\ .nd no 'i; ciEumstanccs .xig w.hiccould **# 10.3 Biodinqobliqations Thc obligalions cxpr6scd lo bc assumcd by the Bonowcr unde' this Ag,ccmcnt ctmPly wilh all laws-snd tcgu[lions applicabh lo lh. Borowcr iD its iuriadiclion rnd ffr lcSal' valif' binding and etraotceablc obligrtions which arc clfcctivc in tccordancc wilh thcir writl'in - lcrms. I I 10.4 No filim or stamo tsrcs Under rhc laws oflhc jurisdiction of incorPoration of the Bottowcr' it is nol neccasary that lhis Acrccmcd bc fiI.d. rccodcd or crulllcd u/ith any coun or other authorily in that iurisdiclion or-rhat any stamp, registrstion or similar tax6 or fers b. paid on or in relalion to thls Agrcemcnt or thc transaclions conlcrnplatcd lhctlin 10.5 Transfcr of tunds Atl amouols due by lhc Borrowcr lo lhe ltnder uod€. this Agrerm€d *hcther as p'iocipal ot inter6t, lata payment inlcrcst, Prcpaymcnl Indcmnily, incidcnlsl cosls and cxPlns6 or any oirrcr ir, "r.'ti"ry -n*luic lri ;irBta'aulc. I Tlds reDr.smtalion shall tcrnain in fult force ard cffed uotil firll rcPaymcnt ofall sums duc r[ rhc Lcodcr. ln thc cvc tha! th. rcFymc d.t.s of thc Facrlity lrc exlcndcd by thc L'ndct' no fu(h.. corfiniation oflhis tcPr6c ltion shlll bl ncccs,ary' Thc Borowcr shall obhin Eutos ncc6sary for coopliancc wilh thi! rtPEsatllioo coursc. I "+ 0-6 No clnllicr with o$.( oblidtions I Thc cnlry ilrto rnd pafonn&rc! by thc Borlol,cr of, and thc tra.rsactions contemplated bl, $il conflicl wirh sny domcstic ot foreign lal, or rcgulation applic'blc to ii'.ib do xur nol !wx'n AuwtrMtr Agrterncnt qv (or any similar documcots) or any agrccrncnt or iastsurD'r binding documcnts co-nstitutional upon lhc Bonowcr or sffccring tny of ils asscts. l0 ? Governrnp kw and Enlorcemenl (a) The choica offtcnch law as lhc Sovemins law oflhis Agrccmcnl wiil b. rtcognis'd and cnforcad by the couns.nd albilEtion lributlals in thcjurisdicdon of thc Bonow'1 (b) Anv iudEncot obkined in rclation to this Agrcmcnt in ! FrEnch coun or any award juisdiction of lhb Uy an ar-bitntion tribunat will bc recoSnis.i ard cnforc.d iD lhc Bonower. 10.8 No Dcfault No Evcnl ofDefaull is coDlinrring or is rcasonsbly likcly lo occur it, o]r ril irv ri l'""", a Mardrl'lrtvcn| No brclch of thc Borrowa is continuing in rchtion to any othc, a8rlcment binding upon aflcctinS any of il3 Esscts, *hich h!s, or Effcct. 10.9 " ,--iiuli i No Mislcadinq lnformation All infonnation and documents suPplicd by th€ Borrowcr 10 trc Lr dcr wer€ truq accr and upto.datc as at the date ihcy wdc Providcd or, if appropri'te, €s al lhc dal? al arr a,'","d i" b. gi"* "nd fuvc nol b; which vrriad, rwoked, crmdlcd or rarcwcd on 16 Grt l-.r( I tenns, atd arc nol mislcading h any rndcrial E{prct a! s rcsull ofan omissior\ lhe oc(rlrcocc ofncw citcur$taDcd or thc ditclosurE ot non_disclolurc ofsny infonDstion. lo.l0 P!dlls!LB!a!i!8 I Tbc Bo[ow6's psymcot obligations und€r this Agrccm€ot ranl at lclsl pori ,oril,/ Sth th' clsims of all its othar unseorrEd and utBuMinated crcditors. t0.l I Oridn offunds- Acrs ofconudion. Fraud .td A.oti€ornDctitivc Ptaciic.s I Thc BoEowar rcprlacots tnd wslr-snla thal: I (i) rhc filtrdr uscd for lhc imPlcmenlltion of thc Progsrt\ othcr lhs,] thosc prcvided by thc statq d€ Dot of llicit Gigin; (ir) th. Progam has not Siven risc to lny Act of CoruPtion, Fraud ori Anri Competitivc Prectic.e. lO.12 No Mstcrial Adv€t'c Eftect The Bonowar rrprcsrrls alld \f,arrrnt3 that no cvcnt or circumstanca *hich is likcly lo frrvc a Matclill Advcrsc Eflcct hls occulrld or is lik.ly lo occur. i II. I'NDERTAKINGS Th. undenakings in this Claosc I I (Underr.*rrtit) takc efrcct on ftc EfI€cdvc Datc ard rclnain in full forc! lnd cffa.l for as long a! atty lmount is outslttding undar this Aglrmrnt. ILl Comolianct with lrws: Rcrulstioi! rDd Oblir ions Thc Bonowcr shall comply (s) '' in all respccts with all Isws and rcgulations to which it and/or the Progam h s{bjccl, particulariy in tllation to all applicable ptocur.tnanl' cnvironmantsl Protcction' sefely and labouI laws; md (b) I lxith all of ils obliptions under this Agc.trt trt. 1.2 A!!beri!n[a$ I Thc Bonowcr shall prourplly obtain, comply with and do all that is nec€ssary to mainfain in full forcc and eff€d any Authorisation rcquired under any appliclbl6 law or r€Suhlfon lo cEblc it lo pctform its obliS.tions l,d€r lhis Agccmcnt and to d3ure thct lc8llily' vllidily. enfotc.ability and .dmiseibility in cvid?nc.c. I l.l lfiplerne stion .nd Pr6crvalioo of lhc Prc.tam Thc Borrowd shrll: (i) implemcnt lhe Prof8m in accord.nce with thc Sctdally acccPteJ Ffcty principle! and in aa;rdanc. wilh tcchnical slandards in forcc; I (iD mlirt.iD lhc Progr.m asscts h accodancc with .ll apPlicablc.lt'6 tnd and I rcgulatioru and in good opcrating and mainlenance conditioni and usa such asicls in compliance with PurPosc and all apPlicablc lawP and rcgulationi. $eir 17 c,t,( t srf ll.4 Elvirgllolllcl-eldlesbl-8gsDelllbiEv t I .4. I Implcrnariltion of cnviro ncntal end sodal Bcasurcs I In order to promote suslainablc dcveloprDcnt, lhc Panies .grcc lhal il is ncccsltry to promolc compliance wilh int€mrlionally recognised dvironmcnlal and hbour standards' inc)udil8 fundemcnlal convcnlioos of lhr lJrt€mational Lsbour Otganization C'ILO") and lha intemalionsl cnvircnmcnlal laws 6nd rcgulations applicablc in lhc Borrowcr'sjurisdiclion. I I .4.2 Environmcnlal and social (a) g .vanc! rnanagemenl Th. Borrowd (i) con irms thtt it has rcctivad a copy of thc ES GricvrDcc tt'lamgctnc,fr Proccdutls snd hr! sckto*lcdgcd iB t€rm!, in PiniaIa r,ilh tt+ccr lo sc,riorl! ftll Euy Up lekcn by thc Lrndcr in lhc cvc lhal a thitd PUry lodgcs s gricvstrcc' and (ii) ecknowledgcs thar thc ES Cricvanc. M.nagcmcnt Proccdurcs luvc, ss batwccn lhc Bofiowd and ttic Lender, lhe slme conlrectually bindinS effect a3 lhis AgIlcrncni. l (b) Thc Bonower expressly aulborises lhe lrrd€I lo disclose to lhe ExPaG (as dcfinrd in lhc ES Crievancc Managcment Proc.durcs) and lo Partie involvcd in lhc corPliarrcc audil andor dispute rcsolution procedurt, the Prcgram dodmcnts concaininS cnvilorunclr,-t*q maiters ncccssary for proccssing thc cnvironmmlsl snd socisl Gricvanc! (ts dcfined in lht ES Gricvanc. Mansgemcnl Pll Proc.dur.s). I l).5 Pari Passu Rsnkine J Thc Bonows undenakes (i) lo cnsue thsl its paymenl obliSations under this ,lgr."r"nt ar .ll limcs at lcast pan pd$u *ith ils o$ar prascot and fuurc unsccurld and urBubordinat4 paymcnt obliSations; (ii) not lo granl prior raDking or guar-anl.cs to aDy olhcr lcndcB cxccpl i[ ihe samc ranking or guaIsntcas lle Sra Gd by tlE Borrowq in favour of $c trndcr, if sd rcqu6tcd by thc l,cndcr. Il.6 Monitorine Mrssions and Inspactions ll.5.l Tha Borowcr hereby auhonzes lha L.nder and its rcpresenlrtivas to carry oul rrnitoring missions, Oc PulPose of vhich will be to als6s the inPlcmantltion of lhc rrograrn oi technicrt, financial and insliturional aspcds. Thc Bonower sh6ll co-opcrste 6nal ptlvidc all rcasonablc assistancc rnd infonnaliol to thc Lcndcr and its rcprcsentldv6 u/hcn csrrling oul such monitoring' tha liminSl and format of which shall b. dacrmincd by thc ndcr following clnsultstion witl fic Bonowcr. t I1.6.2 Ifasignifica poblem is identifi.d reg.rding the imPlcmentaliott oflhc Ptogram, and lhe !.nder intcnds to carry'on an additional inspcctiol out of scopG of its standarq n onitoring missiorB, thc L@dcr shall noti$ such r.qu6l lo $a Bonol,Gr (thd "Lcndet's Inspeclion Nolicc"). I L6.3 Follorvirg the l,.nd6's lnspcction Noticq the f..ndcr shall ddctmin. thc limilB snd format ofisuch insp€clion f;llowing consullation with lhc Borrow6. S\rch consullalion pcriod shsll not excecd twcnty (20) Busincss Days Thc Eorrowcr shall co_opcraie rnd pmvidc all rcasonablc assi$ar; and informalion lo lhc ltndcr and iB rePrescnlaliva3 whc't carrying out such insp.cliotl, -ttld(' and shall rlimbursc lo lhc Lcndar for all cosls h rBpact of s Inarimum of orlr insp.ction par by thc in;rrtld raasonsbli ycar. 18 crt dM I I.6.4 The Bonowcr ibrll r.tlitr and trutc lvailsblc for monito.ing mis,ions ,na ln.pf,rions by the Lrndcr, lll docurEcots relating ro th. cxpcnscs of thc Program for a pdiod of lcn (10) yc8ls from thc datc of th. lasl Drawdown udcr lhc Facrhry. I1.7 PropramEvaluatio, Thc Bonowcr acknowlcdgB that Oc L.odcr may carry out, or procurc th.l a thirq pa(y canias out on its b€half, an ewluation of thc Program. This aralurtion will bc us€d to oloducs a pcrfomance report includiDg information on the Progranl such as: tofal anrourl and duralion of the Facility, objectivG of $e Prog:am, expected and actual pBfornuncc of lhe Program, assessmmr of its relcvsncc, cmciedrcy, impact afid vrability/susL.inability The Borowcr agrecs on th€ publication of this perform.oc€ report, in particular, on the lrnder\ Wcb6itc. I l.t Proqram lnlDlcmcntatiop Thc Borrowcr shall: (, (jD aosurc that rny pcrsoq group or cntity porticipsting in thc implcm.fltrtion of thc Progam is not listcd on any FiMncial Sarclions Li6l (includihg in psnicular the fight sgin5t l.rrorist financiog); ard not fimnce Bny supplias or s.ctors *hich arr srrbject lo sn Embargo by the Unitad Nations, thc Euro!,can Union or France. I1.9 Oricin of firnds. no Acts ofconuption. Fraud or Anti.Comp€titive PEcticas The Bonower undcnakes: (i) to crriurc rhat $c funds, orh.r than those of Sklc origin, used for lh. implcrn€nlaxoD of thc Progrm will nol bc ofan lllicirOrigln; (iD (iii) (i9 to cosuIe tIEt thc Program shlll not Sivc risc lo lny Act of Cornrption, traud or Anti{orpaiti vc Prrcticc; as sooo as il bccomes awarc of. or suspecrs, any Act ofcorruplion, Fmpd or Anti4ompctrrive Practicc, to rnform the Lmdcr without any delay; in thc event rcfcrr.d to in pamgaph (iii) abovc, or at $c Lcnde.'s request if lhc Lender susp€cts that the acts or pmcticcs rcfencd to in parsgraph (iii) have occurrcd, taka all neccssrry actions to remedy tle situ.tion in a mqnncr salisfacrory to dc Lcndcr and within rhe limc p6iod d.tcrmined by the Lcndd; and (v) to ,otify thc Lend6 *ithout dclsy if it has knowlcdgc of any informhioo which lcr& it to suspr.t any Illicit Origin of rny funds uscd for thc itnpl.rlr.nt tion of thc Pro&:!m. I t2. INFORMA'IION UNDERTAKINGS Thc undcnalings in thjs Clalus. 12 (lnlomalion Unde alingt) ta]xf .fLct olthc Effective Dat and rctluin in firll forcc and cffccl for as long aa any 8hou,t is outstanding undcr this Agrccm.nt. 19 dd I 2. I Ei!3&ldldeE$is! Thc Borro*c, shall supply to thc Lcndcr .ny infornrdo, that thc Lcnder rDay rras rcquirc in r.lrtion to the Bonovq's forcrgn snd dom.slic dcbl as wcll ss thc status SUaranlaad loans. 12.2 t2.3 "-rlvv "1 Proer6s Rapon (a) Until the t.chnical cld of tbc Progr.E (cxpocr.d on tlc 3lr of Dcc.inb.J 2020), tlc Bonorvcr shall supply lo th. land6 on s half.ycerly bslir r tcchrical progrBs rcpoh in rchtion to lhc iraplcmar{rtion of th? Progrrm (complctioD of thc rcrivid+ mcolioncd in thc Policy Mstdx) sld a follow-up rlpoi oftk Program'! irdic.toE. (b) within rhrcc (3) rronths afrGi th. t.cbnical cnd of rbc PmSrsn\ lhc Borowcr shall I supply to thc l,€fld6 r gcnrral Eogr.ss rcpon. Proqram tmptcmenhtion Th. Bonow., shall supply to th. Lindq, pronp y upon thc Lcnd6'i ,"qoot, infonrrtioo or lupportingdocunElt lcgrrdiig thc Progrsm implqDcd.tion. 124 I "rf Addilional lnfomation ] Th€ Bonowcr shall supply to th€ Lcndcr (a) promplly upon bccomirlg aware of th€nr details of any €venl or cirpumstance which is may bc sn Evant of Dcfsult or whrch has o! msy havr s Maldial Advdsc Effacl, thc natu of such an cvent aod all thc actions taken or to ba laken to rerncdy il (if sn ; (b) promptly, dctails ofany dacision or avcr u,hich mighl affccl th. organisslior! co.nplction oi oper.tion of the Program. 13, EVf,NTS OF DEFAULTS t 3.l EvcnG ofDcfsult E ch of tbc evcnti or cirqrtntrrccs 6!t ou in lhi! Clausc l3.l (Events ofD{aull\ l, an Evqt of Dcflult. G) Prlfl.nt Dd.ult Thc Eorrowcr does nol pay on thc duc date any amount payable by it undcr lhis Agreemenr in rhe marur.r rcquirrd uodcl this AgrccrDcnt. Howav6, withoul prcjudic! to Cfausr 4.3 (lata Wnent ond d.lar, intcreso, no Event of Default will ocrut und.i this pqragnph (a) ifsuch prymcrrt is rnrdc iD full by rhc Boro'xcr withir fivc (5) Eusincss Days of$e duc dalc. (b) Undcrtrkints rBd ObliSqtioDs Thc Borrowcr dors nol comply with sny tcrm of thc ASrcerncnl, including, withoul limihtion, any ofthc ulldenal.ings it hm givcn pusuant lo Clrusc I I (Unde akin$) Clarsc 12 (lnfonrution Undenokiigs\. a savc for thc undcisking3 given pursusnt to Clause ll.4 (Envirotmenlal ond Social Iiabili r), Clause I f .t ( Pmgrun lnplcnertotion ) strtd ll.9 (Ongii offundr, no Actt of Cortuplion, Fruual ot Anlico pelitive Praclices) in rcsprcl of whjch no gtacc pcriod is prrmittci, no Evcnl ofDrfault will occur undrr lhis piraSlaph (b) iflhc non_ ,.X cornpliarca is cspablc of ftrncdy ard is rcrn€dtcd within fivc (5) Busin6s Dsvs of drc €arlicr of (A) thc datc of rhc Lcnd6's notice of failurc ro rhc Borrower anj &t rhe *JgP#*H:"',,k.r:IlJ:*1.*-11r,'*1*lq-11*}r,h"ri L.odc, in rbc casc rcf.{r.d lo in.uhregrrph (iv) ot Ctzrsc tt.9 toaii iiir[is. - " Ac6 ofconV,tiod, Fmud ot lnd-Conp..itivc practices). (c) ] Mtrrrprca.rt.tio! I I A reprcscnLatjon or warranty rnsdc by thc Bo[ower in t]e Agrecm.nt. inciudinp undcr Clause l0 (Representotiott dnd v,ozazrier), or rn any dociumenr ailivered bi or on bchalf of tbe Bonower uoder or rn relation to the Agreement. is inco#eo or mislcrding whcn rladc or dcemad to bc mrde. (d) Crors Dcfrull (, (iD Subjcct to palagmph (ii), any Financial lrdcbredncss of thc Bonowcr is nor paid on its duc date or, ifspplic€blc, wilhin any gracc period gr.nlcd puFurnt lo tha rclcvant documcntation. A creditor has canccllcd or suspended ils clnunitmeot towards the Bonlowcr pu!$ant to sny Finrrcial Indebl€dn6s, or has dcclarcd thc Finlncial Inddlodncss due and payablc prior to ns specificd maturity, or rcquLtcd prepoym€fl in full oflh. Financial hdcbtcdncss, in each case. as a resrllt of sn lvcnt of dcfsull or any provision bsving a similar arfcct (howJcvcr descriH) pursus to thc lrle\ant documantalion. (iii) (e) No Ev.nt of Dcfault will occur undcr rhis clause l3.t (d) if rhc rclJvanr amount of Financial lndebtedn6s or th€ cornmitmcnt for Finalcrrl Indcbtcdncss falling wilhb paraSraphs (i) and (ii) above is less rhan lonv millioG EuIos (El.rR 4(),000,@0) or its cquivalcnt in sny orhct cunary 1fa). UEl.wfulDcts I It is or bacom6 unl6wful fo! lbc Borrowcr lo perform any of its obligations uod;thir (f) Agrc.mcnt. M.ar.lil !dv.r. ch.Eg" I I Arry cvcnt (irrcludiDS a chaogr in th. polilicd sihralion of thc oflthc is'liiitlv to Bonower) or rny mcasurc $hich luve a Mit.rirl Advcnc Effccr occurs "ounr.v or occu!. (c) I Authori!rtiotr5 for Any Authonsation requir.d c Bonowcr in ordcr to pcrform or comDlv wilh irs obligarions urdcr rhis Aglcmen! or rcquircd in rhc ordi"; oi not ootatncd wlthln tltc rcquiEd timcfrEmc or is cancellcd"orr"; or bccomes initiJ o. oocn{r3c ccas6 to bc io full forcc and il;'il;'i. cffcct. I (h) JudSmcEat' rullng. or daci.loot hrvitrt. Mrt rl.l Advarr. Ef,rcl Aryjudgmcnl or arbitml award or anyjudjcial or administralrvc dccision Binowcr has or is rcasooably titcty, o trarc a rr,raria;il;;:;;::1, sffactinc th. likcly ro ocqr. ffi'J:li: (0 Suspension of free cotrvcrtibillty iud frcc trrnsfer 2l -sd Fr.. convcrtrbility aDd frct lransf.r ofsly ofthc tnounls due by thc Borower urdfl thc Bonov.r or eny rhis ASrcerrcor, or aoy otly..h"ll:lJYd.d !I t"L.fld6-to b challcngcd. ofthc Borrow6, olhar borrowcr ofth€jutisdidion : 13.2 AlseEdia! On rnd ar iny timc tf,ct lhc occunocc of an Evcol of Dcfsult, $c L.nd.t rnay, wilho{t providing rDy fonnll dcmand or codncncing rny judicial or cxtle_judicial procecdings, bf writlan notice lo lhc Borrowcc andor (a) clnccl thc Available Crcdil; (b) dcclarc thlt 6ll or pan of lh. Facilily, logcthcr wilh any accrucd or out5landins inl.tcst anp alt othd emounts outsl.rding undcr this ASrE rnml, are imnedietcly duc .nd Payablc I I Without prcjudice to lhc abovc, in the evenl lh.t an Event of Default occurs as sat oul iF ClsLdsc 13.1 (Evenal oI Defaui), the Lddcr rcsqv.s lhc riShl lo, upon wrincn nolicc lo dlc Borrow6, (i) suspcrd or po$ponc lhc Drswdown urdcr lhc Faciliy; lndor (ii) susp.nd lli? finslisalion of any lSrcaDcnts rclating to oth€r possibl. financial ofrcIs which havc bc+ nolificd by lhc Lcndcr to the Bonow.t; andor (iii) sutPcnd or Poslpone any ddwdown undir any Joan igrcemcnt cntcrtd inlo bcl*ccn thc Bonowct and lhc Lcnd.r. 13.3 Norificarion ofan Ev€nl ofDefaull ln ac.ordocc with Cfaus.12.1 (Addilional Inhmaaor), tbc Bonowct shaU proBPtly notiry the [rnd6 upon bccomin8 awarr of any evcr which is or is likcly lo b€ tn EvcIlt of Dcfrult and infom lhc Lcndcr ofall thc m.rsurrs contcmphlrd by thc Borrower to rrmcdy il. 14. ADMTNISTRATION OF THE FACIIJTY l4.l Prymcnts I All palmcots rcccivcd by thc lrndcr undcr this A&ram.nl shall bc applicd towardr llic paymcnt of cxpcGcs, fc6, i cr6r, pnncipal amounts or any other sum duc und6 fiis Agrcement rn thc followingordcr: l) incidcntal cosls and.xpcnscs; 2l fees; 3) 4) 5) ldc-poymcnl inlatcg atld dchult inl.llsl acrrucd intcrrst; priicipslrcp.yrn€ob. Any paymcnts received from the Eonower shallbe applied first in or towards payment of rnt sums duc aod payable under thc Faciliiy or uodcr othcr loans cxtcndcd by thc t,codcr to tlp BoFowcr, should it bc in the Lcndcas intcrcsl to apply thesc suns to such other loar,s, iD thE ordcr scr ou sbove. I I4.2 Sq:s$ Wathout prior approval ofthe Borowcr, thc Lader may, al any time, sct-ottduc and pavaUl obligations ow.d by lhc Borowcr a8ainsr sny amounrs held by thc Lendcr on Uetrali ot dc Borowt, or eny duc snd payablc obligstions owed by the Lender to rhe Bonowcr. lf dL 22 Gt4 s# I I I oblit tions 6re iD difrrrat currqrcie-r, thc lrnder nEy convcrt cithcr obligation Lrt rhe Fsvtiting cuftncy cxchugc ratc for tbc purFlc ofthc sct-ofT. I All payments rnade by thc Bonower under the Agrccment shall be calculated and made wilhout sct-off Thc Borrowcr is prohibit.d &om mating any sd-off. 14.3 Busin.ss Davs Ifa psyment is duc on a dsy which is not a Business Day, the duc datc lor that paymcnt shall be thc ncxt Busin6s Day ifthe Dcxl Busincss Day is in thc ssme cslendar mo h, or thc prcccding Business Day ifthe next Busin6s Day is nol in rhe same calend.ar month. During any cxtosion of tha Paymant Datc for a principa] ot rnpcia amounr urt{ uis Agrtcment, inter€st $rll be payablc on thst smount during thc cxlcGion p6iod .l dc tt applicable on the original Paymcnt Dale. 14.4 CuIltllcv of pavmcnt I i Thc qrrrcocy of cach amount payablc under this A8!.cmcnt is Euros, .xccpt as provi(ed in I Cluolc 14.6 (Place ofpatnent). I 14.5 Dsv counl convcnlion I Any inlcr6l, fcc or expcDr€ accluinS uDdcr lhis Agrcarn. will bc calculercd on thc b6fis of thc actual numbcr of days clapced and a ycar of thl.r hundrcd rnd sixty (360) drfa in accordatrc€ with Europcdn interten* r}.t r praclicc. I 14.6 Placc ofpavrncnt 'lacc ofpavmcnt (a) Any furd! to bc tmnsfcrrcd by thc Lcrdcr to the Borowcr undcr rhc Facility will bc p]id ro ruci purposc bl th' *:P-Tl^*,ir*Y,rrr:l"l^lry :rllilllda'isnd'dror given its pdor conscnl on thc scl.ctcd bank. Bonowcr, provided thst lhc Lender has (b) Thc Bonowa shall ply dirtctly or, ifapplicablc rrimbune the L€fldcr in .ase otan rdtncc made maoe by oy lhe Ine Lender, Lenocr! the me amount amounl ofall oI au costs cosls and ano expenses in ln connection wllh lhc conneclon wilh lnc lrBnsfcr lr6n5lcr of ol funds lo, or for lhe account ol lhe Borroy/er from Plris to any olhcr placc agreed with lhc Lerd€r, as wcll as any trlnsfer fees and exp€nses in conncction with the paymcnl ofall tums due uod.r thc Fscility. (c) Any psymenl to be made by the Bonow.( to thc Lcndcr shall bc paid on thc duc datc bf no lal6 than I l:00 .m (Paris timc) to lhc following bank ac.ouDr: RIB Code; 3000 I 00054 00000040235 03 IBAN Codc: FR76 3000 1000 6400 0000 4023 503 B.nquc d. Frarr. SWIFT codc (BlC): BDFErRPPCCT opened by th€ Ladcr at thc Brnquc dc Franc. (hcad ofEcdriain brEnch) in paris or oth6r account nolifiod by thc tander to thc Bolro*cr. (d) Thc Bonowcr shall rEquest from rle banl rcsponsible for ransfening any amounls to lhc Lcndcr that il providcs thc following information in any wire transfer messages ih a compreherlsiva rnanncr and in $a order sct out b€low (thc crption nurnbcrs ar! rcfcniflg to SWIFI MT 202 and 103 prorocot) Pdncipsl: nam€,.ddrEss, b6n* account numb6 (ficld 50) Principal's baDk: nrrje and addr* (ficld 52) ,"-rr I I Ref!(ncs namr of thc Borrowcr, nam. of $c Prcgnnl tcfacacc nurnbcr of $ ABrccmcnr (ficld (c) 70) ] All plyrtlalts mldc by th. Bonowcr slull comply with this Clausc 14.6 (Prac. ofusynerD in odcr for lhc rcleva paymcnt oblig.tion lo bc dcarcd ditchar8.d in tull. I 14.7 Pavmcnl Svsl.rns Disruption If rhc l,cndcr dctermine! (in it! discraion) thlt a Paymcnt Systans Disruption Evcnr hls occuncd or rhc Bonowar notifics dlc lrnd.r lat s Payment s]slcms DisruFion Evcnt h+ occuncd. thc lrndcr I (a) may, and shlll if rrqucstcd by thc Borrowar, enler into discussions with lhc Bono*cr *irh vicw to agrccrng any ching.s ro lhc opcralion and adminislra(ion of tb. Faciliry as thb Llndcr mty daam naccsssry in lhc circumstancG; (b) shall not bc obligcd to cntcr into discussions with the Borrowcr in ralation lo any of tlF ch.ntcs rrcnlioncd in paragraph (a) abovc if, ill ils opinioq it is nol pncliclblc to do so iir rhc circumslanccs and, in any cvcnt, il has no obligltion to rgrcc lo such changcs: : and (c) shall not bc Uablc for any cost, loss or liability lrising as a rrsult of its taking, or failing t[ I rsk., any aclioB pursuanl to thb Clausc 14.7 (Pal-ent SttGms 15. MISCELLANEOUS l5.l Lrnqua!:e Dbruption\. The language of this A8,remcnt i3 English. If lhis Agrccmcnt is lrsnslatcd into anothq arpctetion or ilr languag€, lhc English vaNion shall prcvail in thc cvcor of any conflidinS rhc cvc of a dispute Mwccn thc Perti6. i All notices givcn or docum.r s providcd undcr, or io conncction with,lhis ASraarncnt shdl bl in English. l Thc Lcndcr may requcs( rhal a noticc or documcnt providcd und6, or i[ conncclion wilh, thi6 Agrccmcnt *hich is not in Endish is accorpani.d by a ccnificd EnSlish tsallsllliorL in whici casc, lhc English translalion lhall prevail ur ess thc documcnl i! a $aMory docurncnl of company, lcil texr or otlrcr ofliciaidocurnant. I 15.2 Cerlificationsanddetenninations madc in the accounb mai rincd by thc I-€ttdar rrc pina Iacie evtdct:ce of lhe m6tlcrs lo which drey relate. Any cerlificaiion or dacrmination by fte Lard6 of a ralc or amounl unda ihis Agrcdt! will bc, in lhc abscncc ofmanifcst crror, conclusivc cvidencc ofthc mallcls to which it tclatcs 15.3 Partialinvaliditv lf, at any timc, a term of this Agraqnct js or b.comcs illcgal, invalid or mcnforccabld ocilh.rthcv.lidity,lcgrlitynor.nforcclbilityofthcrE,siningpmvisiorBofthisAgt!.nt€i{ will in any way b€ rffcclcd or impsircd. 21 6+1 I t5.4 No Wrivei Failurc to cxcrcise, or a d€l.y i, ex6ci$in8, on rhc part of th€ t endcr of any ;ghr unJet drc Agraam€ol shall Dol opeatc as a waivcr ofthat right. Psnirl cxcrcisc ofany right shall lrot prwcr any fiuthcr axlrcise of sucb richt or rhc clcrcisc | ofany othcr right or rErncdy undcr lhc applicsblc law. Thc rights and rerncdiG oflhe La cr undcr this Agrcctncnt slc cumulslivc and not cxilusivc of any righb snd rcmidiG undcr thc rpplicablc law. 15.5 Assisrmcnt The Borowcr rnay not lssitD or transfer, irl lny manncr wtralsoewcr, all or any of;rslaghs rnd obliSationr unda tbis Agr€€mrnl without thc prior writrcn conscnt of thc Lcr cr. Thc Borrcwcr a8rc6 thrt thc L€rdcr rruy !6sign or lr.Bfcr sny of hs righrs or ottiJrlons undcr lhis AgrEemcat lo stry othcr thid pany, with thc s.rhe condilions thrn those povilcd in the Agreencnl, and may entcr into any sub-panicipalton a8!€crncnt rclaling thcrqo. I Thc Lend.r shall inform the Borower iD casc of any uar$fcr of its ri8hlr or obtigations lo any third r5.6 p6ny. trqslcffcct I : Thc Schcdulq ltDrxcd hcrato and th. rccilsls hcr@f tom pan ofthis AgIltaan, "nJ thc srmr lcgal cffcd, 15.7 *"" Enlirc ,6aqndrt As of rhc Eff.clivc Datc, this AgErmcnt rEpr6ents thc entirc ag1ctrncr b",*".n U. J"nics in lllation to thc rDncrs sd out hctlill' .Dd rupcrs€d6 and ltplacaa rll prcvious docurfrnts, agre.ficnts or urdc$tandinSs which mry havc been cxchengcd or corununicatcd ss oLn of rhc nclotistiona in conncarion with thia Agrcanlcnl. 15.8 Amcndrhcllts No 6mcndmcnt rnay bc made to this Age€mcnt unlcss exprcssly agccd in writinc belwecn thr Pa i€s. The e !y into forcc of any alhrndmcnt to lhis Agrrem;t will har. ,o ioitolr it. srnrc prcceduc as provid€d for lhc cntry ilto force ofthis Agrccmeot. i 15.9 Confi dentialitv - Disclosure of information (a) Thc Borrowcr shrll not disclose lhe contenl ofthis Agreemenl to ally ftird parly withoh lhc prior conscnt of thc l.andcr cxccpl to any pdson ro whom lhc Bonowcr'has a disclosun obligadon undcr a'!y applicabte law, rcgulation orjudicial n ing. I (b) Not*idEtanding any existrng confidcntiality agEcrncnt,l}lc l,.idcr m.y disclosc anv infonnnlion or documcDts in rclslion to lh. progarn to: (i) its suditors.-cxoens. iEtin; agcncics, lcSal adviscrs or supcrvisory bodics; (ii) any pcrson or cnlity !o wtroni Ur. f_lnai may assign or rarsfcr all or ptn of its rights or obligations under thc Agircrn€nt; ant (iii) any person or e ity for thc purposc of taking any protective measur€s or pres€rving the righls of the L4oder undcr the Agrar,)cnt. (c) Furihcnnorc,lhe Bonower hcr€by exprcssly autloriz.s rhc t 25 cnder: l I d& (i) lo cxchange with thc Frsch Rcpublic for public.tion on thc Frcnch govcmrncrlr *cbsit. pursusnt to aoy Equast iom fnt.mrtiona! Aid Transprrary Initiativq aod I (i, ro publish on rhe lrod€r's w.bsitc: information rclaling to rhe Program lnd ils finencin8 as listcd in Schcdul. 6 (lnfo.fiation lhat noy be publbhed in the Frcnci Governnear Webrii and the Lender's llebsiloj. I l5.lO Limitation Thc stalule of limitstions olany clrim6 und.( lhis Agrccrnd shlll bc tcD (lo) ycors, exccir for any claim of intctlst duc und.r this Agrcqncnl l5.ll No herd3hip : Each Pany hcrcby acknowtedges rhar thc provisioos of anicl. I 195 of thc Fnoch Codc civil shell not lpply to it with rcsp.cr lo its obligations und6 this Agrccrncnt rnd it shall bc flqi cntitlcd to makc any cleim undcr aniclc I195 of thc FrEnch Codc civil. !6. NOTICES l6.l ln \driting and addrcsscs Any noticq rcqucsr or olhcr comnunication to bc givcn or mlde undar or ir conncction wid lhis AgrccEcnt shall bc givao or mrdc ir writiry and, unl6s otherwlsc slrted. may bc givc+ or madc by fax or by ldter scnt by thc post olficc to thc lddrcss and numb6 ofthc rclcvanl Party s.t out I b.low: For thc Bormw?r MINISTRY OF FTNANCE OF GEORGIA Addr.ss: l6 Gorgsali Str! t, 0l 14 Tbili.i, C.orgie Telcphonc: +995 32 2261450 E-Inailr oubliclcbl@rnoie Altention: Public D6l Managrmcnl Drpanmcnl For lhe ltndcr AFD - PA"RIS EEAD OITICE Addrcari 5, ruc Rolald Brnh6 - 75598 Psris Ccdcx I 2, Francc Tclcphonq + 33 I 53 44 31 3l Fscsimilc: + 33 I 44 87 39 65 Ancmion: AFD Di&do.. E it6r Euopc. Mitdlc E$t, A!i! or such oth6 addrlsr, flx trumbcr, d?art prrty. I v"'ry iolttr* !a or omccr officc. al as onc ona P$ty notincs to ro ttrc ut' oul oOrl ^l ^vfr 16.2 Delivarv Any noticr, rcqucs or coftnunicrtion mada or any documcnt sent Pany in conn.ction with rhis Agrcc,le will only b€ cffcc(ive: G) ifby fax, whcn Ecciv.d in a legible for4 ald (b) ifby lcfic. sc{t dDugh th€ post office, whca dclivcnd to thc corrcd by 6 panv ..,1*." addrEss, and,.wherc a particular person or a depaitllent is spccificd as pan of the address provided under Ctausc 16.l (ln wriiing ond adZrexesl, if'il';;:;, Sl or corvnurucauon has bccn addrcsscd lo thd pc6on or dcp3nmcnt. f.,. 16.3 Elictronic communicstions i (!) Any comjnunicarioo rladc by onc pcrson to another uldc.r or Agrcrnent mry be mldc by elecronic msil or orhc, (i) ofcommunicationi -._ --T' noriry c.ch othcl in wdting of thcir clccrronic mail addr6s snd/or anv orh.r informarion rcquircd ro cnsble lhc s.rding and rcccip, "f mcans: and (iii) 'l '"' "t""rroni" .grcc thrl, ud6! and uotil notificd lo $e clntrary, rfris is to bc * -- an acclorca form (iD in con l.ltion witl " rhis ,""n, ifih"-i"ij;, i"f"*.ri"i-i{ii,i noti! eac.h orhcr of any chsngc ro thci, addrGs or any orha srrch infonrJtion supptied by ''--T *' thern. (b) Any clcqronic cornmudcslion rDldc bdw.ql rcc.ivcd in a Esdeblc forrn. lhc prni6 will bc sff€c1jvc only whcn -f,' 17. GOVEnNING L,Aw' ENFORCEMENT AND CHOICE OF DOLtrCILE l7.l GovGnrine Law This Agrccrncnl is govcrncd by Franch law. 17.2 ArbiuEtion Any dirputc arising out ofor h coDneclion with lhis Agreemcnl settlcd by a.bitnrio! undcr rh. Rul.s of Arbitrati-or Comrncrcc applicablc on thc darc of co[Ercnccm"n of "a morc arbitrators to b€ appoiDted in scrod.nca wig such shall bc refcrrrd to and fiJlly ;;;;;;;;;ffib"f lr ;, -l' ' --*'"rUitoii-'p"o"iibr.:';;l Rulcs. Th€ scat ofarbilration shdl be prris and rhc laagua8c ofadirr.rion shall be EnSlish. This arbitsation clsus. shall rcmain in tull forcc and cflect if this ASrccmenr is dcclared Joid or is tcrmin l.d or cancclhd and following cxpiry of ttris ,lgrcclrrcni Th;i;;i;;;;"i;; oo,rtaoons undcr rhis Agrcemc srt lol suspeodcd if ! paaty initiatcs lcgal procedihgs For thcrloidance of any doubl thc costs of conservltory or protcctivc mclsurcs takcn betlrr against thc othcr Party. ary arbitnl proccdurc shall be incurcd by lhe party rgairst whom the ocln ranocrcd iI Ois point is not covcred by such arbitml award. finai;;i;;;;;. I aSrE dlar by signing rhc Aprerncnr, lhc Borrow?r irEvocably wriv6 lttc.PStics-:xpr6sly ax ngrts ot rmmunity in r6pect ofjurisdiction oI cxccution on which it could othcnrisc +ly aA -$Jv Drovidcd. however, lhat immunity is nol waivcd wilh rcspect lo (i) presen ot futurc "premi+ of thc mirsion" including any bsnl accou s as dcfincd in the vicDns ConvcDtion oF bsnk lccolmts Diplomatic Rclations signcd io 1961, "consuhr prtrnisas" including 'b 'ny dcfucd in thc vicnru convcntion oo co*ri.t i"ittio* siSncd in I 9;3 o; oth.twisc usrd b! a diplomal or consda! tnission of Glorgia or sny agency or insuumd ality thcrcof (cxccPl ls mri bc ncce$ary to clTcct scrvice of Procrss), (ii) ProPcrry of e milibry cbatactct or uddct ll,c .o,i.i oii miiitary authority or icfcrrc aicncy,'(iii) proPcny local.d in Gcorgia rnil dcdiaated to a public. govcrDmertal or cultural usc (aa oPPos€d to a cornmcrcial usc) or (i$ for lhc avoidancc of doubt, (A) propcny of lhc Nationa, Ba* of Ccorgia' \'hdhct or nol helfl in s Goorgi6n or a non4eorgran bsr* or any oihct finrncirl insti-tution or Q) nroncn! locatcd in bcorgra of any tyPc clvcrtd by Aaicle 2' of thc t w of Ccorgia on Enfotccmail i'-r."Jie.. BoL". t!fro tt ;gt ii, ptcaa oro"iStr ilunutlitv u $. u s Forci+ " Sovcrcignlmrnunities Act of 19?6 wih resprc! to actions brcught againsl il in-any cou( of gr ; in lhc U;il.i Stat€s ofAmcrics ulrder aDy Unitcd Stat6 fod.ral or Statc sccurilics law t?.3 S!tri!9-sLplgce6s lo any apPlicabl. lsw, for ih. puPoses of sdving judicial and.'xlriiudicill without prcjudice 'ln connecdon tith any aclion or proccldings rcfcn.d lo abov€, thc BoroweI doc,.rrnems i.iro""iri crroo."" ir. ,cgislctcd ;ffic. as rt thc dalc of tiis ASrccmcnt at tltc addtcss sa 1[ in Clausr 16 (Notices\ ior lcrvicc of pmcass, and thc Lcttdd choos's thc 6ddr6! "AFD I Hgab offtci" ta ort in Claus! 16 Otllcer) for scrvicc of proc€ss' It. DURATION i $. C'orgiall P-ailiaTnt YllLhifP o force on the drte uPon which not lat6 lhao nindy (90) oc4utring ratification such (thc DatC') "Effrctiv? r.dlicdihc Aglrcmcnt Gffccl for $ long !s 6ny rrnoutlt foftt rnd rcmEin in fi l shall Agrcqncnt aflcr rhe Signing Date. fiis This Agrc.mc sh.ll .ntcr drf is oulsl.ndin8. Notwithstanding th. abovc, the oblig.lions urd6 Clausc I5.9 (Confidentiali"' Disclosurc ir/orrrol,?r) sh;u survivc and ,crnain in fult for!! and effcct for a pariod ol five (5) ycarr aftcr tie lrst Paymcnl Dsle; lh. provisioDs of Claus. I 1.4.2 \Enironnenral oad sociot grt*ince nanogen'nl) ghall continue to havc efrcq whilst a[y Itievancc lodged undo lhc ES Crievallc! Managcmerll ProccduFs is still bcint ptocds€d ot ,noniloEd. t l Sx.cutcd in lwo (2) origio.ls, in Tbitjsi, on Novcmb6, +t 20 I 2A 8 j BORROWER GEORGIA Mr ]vm. MATCHAVARIANI Minist.r of Fimncc ofCcorgir LENDER AGENCE FMNCAISE DE DE}'ELOPPAM ENT Ms. M.ric-Picn MCOLLEI DiEclor ofDcmographic and Sociel TraDitio! Dcpsrtmcnl Co-signatory, His Excellcncy Mr. Pascal MEIJNIER, Ambasssdor ofF.ance to Gcorgia SCHEDULE IA - DEFINITIONS Act of Corruptio! m.ans any ofthc following: (a) lhc act of promising, off€ring or givir8. dircctly or illdi ,tly, ro a Public ofiicial or lo aty pcrson ;ho dircats or aoy crprcily, for s privste sactor enit, a, undue ad any nrture, for the rclcvanl parson hjmself or herself ,in rof rcFains from acting in brtach of his or hcr lcg6l. profcssion l obligatio8 and, having for clIoct to or b(, own actions or thosc ofrnotha pasoo or cntity; or Ior &totb6 pcfson o. cntity, in ordci that thi! tErson for his (b) the act ofa Public Oflicial or any person who directs or in any capacity, for a privatc scctor entily, soliciti acceplirg, dirccdy or indir&tly, an undue advanLge ( naturq for thc ralavBnt p€rson hirnself or hersclf or for pcrson or cntity, in ordcr that this pcrson acts o, refmins acting in brqch ofhis or hcr lcgjal, contractuel or obligltions aE4 havinS for ctr.i to influcncc his or hc[ actions or thosc of anothcr percon or enlily. means this crcdit facility agecmeDt, includjng its rectals, Sc and, if appliclbl e, any amendments mada in *riling thareto. Anti-Comp.dtiv. Prrctices ,TGINs: (a) (b) irly com.dcd or i&plicil r.tion havilg rs it! obj6t !5 its cff.cts to impedc, restricl or diston fair competition i ta markct, including wirhout limitation whcll it tcnds to: (i) li nit rnarkd rccess or $c frcc cxcrcisc of compqilion by ET companiG; (ii) prevcnl pricc se ing by thc free play of rDrrkats by anificially favouing thc incrosc or decrc{s. of such prices; (iii) limit or conriol any production, ls, iovcst661 or ,""11r"", Oro$css; or (iv) sharc out or sourcs of supply; any abuse by a company or goup of companies dominant position within a domeslic markcl or in a subs palt thcrcoi or (c) sny bid or prcdatory pricing h.ving as its objccr and/or ellcctjo alimin.te tom a narkct, oi to prevcnt a comprany onc of ils ploducts ftom accGsing thc nu*ct. Authorisetion(r) mrans any auttorisation, conscnt, approval, rcsolution, pcn*f, lic€oce, ererytio4 filing, notarisation or registmtion, or -rspect Uercof! obtaincd from or provided by .1, :l::fl,:* Autholity, whcrha 8raflcd by m.ans of sn act, o. no answcr is rcccivod wrthn s defincd tirrc limir, rs wcil as ai. approval and conscnt giv€n by lhc Borro*er's crcditors. d;;J ;rr;ii q d# Authority(i.s) means any goverruncnt or slatulory enlity, depanmcnl or comrnissio4 cxcrcising a public prErogairve. or any adminislralioq coui, sgency or S!at. o; any govcrn hcnlal, administralivc, Lax orjudicial cntity. Aveihbilitv Period n€arB ttrc pcriod ftoo .nd ircluding thc SigniDg Datc up ro thg D.adlinc for Avsihble Crcdit Drawdown. I mcan:, at any giveo time, thc ruxirnum principsl amouot spccificd iJ Claus! 2.1 (fociriry) lcss ] (i) l.bc a88rEg.lc amorot of any Dr.wdowns drawn by th. Borrowcr; I (ii) thc .Ilbunt of any Drawdown to bc madc po.orlnt to pcnding DEwdown Rcqucsl: rnd "nf (iii) sDy ponion of lhe Facility which hrs bc.o crncclled puIsusnt to Claus6 8.3 (Concellation by rhe Borrower) aadlor 8.4 (Cancella.ion bf the knderr. Bororder's Account mcans the sccounl witb the following ddails: . IBAN clde GE6sM03lll0000ll5020? . Bsnk SWIFf c.dc: BNLNGE22 op6cd in thc namc of the BoIIowrI with thc Statc TErsury, Miniltay ofFin ncr ofccorgia . Busin.ss Day mcais a day (other than Sstuldsy or Sunday) on whjch bank arc opan fo! g.ocral busin.ss in Psris, End which is . TARCEI Day in lh. cycnt that a Drawdorvn ha, to bc madc oD such dry. Ccrtificd nEans for sny copy, photoc.py or o$er duplic{tr of an original, documenl lhc cdlificalion by any duly authoris€d perso[ as to lhe conformity of thc copy, pholocopy or duphcsrc *ith th. ori8inal document. De!dline for Driwdown Means November 30rh, 2019, datc sftcr which no tunhcl Drawdown rxly ocaur. mcans a drawdown of all or pan of thc Facility madc availsblc by thc Lcndcr to thc Bonower pursuant to thc terms and conditioN set out Clarls. 3 (Dra*down of Furds) or lhr principal arnount ouBtandins of such Drawdoyh which rcmaihs duc ard payablc at a givcn tima i, Drswdoryo Drtc nEans tha datc on which I-rrd6. DrswdowD Period . Drswdown is msdc svailablc by the rEarB |hc p6iod stlding on the Dravbwo Dore up to and iDcllding lhc first oflhc following datc: 31 4A -n{ \.o DrawdowD Rcquest (i) thc datc on which thc Avsilablc Credil is cqual to zcrc; (ii) the DeadliDe for Drewdown. rDcara a rlqucst a$st ntislly in thc form sct out (Fonn oI Drat down Req ues t). has the me3ning give.a in Clause I 8 (D,/rarior) of this nrcans sry sanction of a corDmdrial nanirc aiming ar prohibiring any impon and,/or cxpon (supply, ssle or rrd$fer) ofo8c or scvcral g6ods. produds or sdviccs going to and/or coming &om a counlry for a givco pcriod as publish€d and amcnded froh timc to lime bt the Unitcd Nttions, thc Euopeao Union or Francr. ES Cri.v.nc. Mrorgement Proceduras mc6ns thc contractull t€nns containcd in th. Environmcntal Social Gricv&ca Menagemc Proccdur6, which is availablc Wabsit€, as amcndad &om limc to time. mcans thc inlcr-brnl latc applicablc ro Euro for any dcgpsitj dmomiruled in Euro for a period comparable to lhc Intercsl Pcri{d of tha releva Drawdowo, as dctermincd by thc Europcrn Markcts Insriture (EMMI), or aoy succcssor theclo, at ll:Oq ant Brusscls limc, lwo (2) Busincss Days bcfoE r]rc firsl day of tla Intcr€st Pcriod. Euro(r) or EIrR Evetrt ofDefsult rtl!6rls tbe singlc currency of the nember stsles of thc Euro Economic and Monetary Urion, including Franc., and having t6der in such Mehb.r States. Wr;, *^, ot circutnshrcc scl oul in Clausc l3.l \Evenf of mcans thc crrdit hcility rDrde availablc by rhe Lends to rhc in ecmrdancc with thjs Agreme up to the maximum amou s.t oul in Clausc 2.1 (Faciliry). FiD!trcirl hdebledmss mcans aoy finaDcial ind€bredness for and in r.spcct oi I (a) any monics bono*cd on . short, mrdium or long-tenn basiJ; (b) any amounts raiscd pursuaor lo rhe issue of bona", nlto, dcbarurEs, lo.n stock or any 3imjlar instru[rcnts; I (c) .ry tunds ftiscd und6 aDy other lransactior linctuding lany foiward sale or purchasc ageement) having the commcicial effccl of a boriowing; (d) any pot.itial paym.nr obligalion rhsl rcsulls f.r. *ural,*, bond, or eDy other instun.ot. 32 ,6v ? Flnamirl SarciioDi List me3rs the lis(, of persons, groups or sntiti€s which are subject finsncial sanctio by the Unitcd NatiorB, th€ EuroP.an Union Fianc€, For information puposes only and fot lhe converuence of Borrowcr, who may rcly on, lhe followinS rcfcrcnces or ad&ess€s: For the listr mriolair€d by the UDitEd Nrtions, thc website may be consulted: https://www.un.org/scy'suborg/en/sanclionJun-sc-consolidatcd-list For the lists malDt.hed by tie Europero UElo!, lhe wcbsitc nray bc consuhod: htto://eeas.europa,edcfso/sanctionyconsol-lisl en.htm For the lists mriDtsinrd by frsDcq the following website may consultcd: Tenorisle Fiied Reference R3tc me3rls one poinl eighiy thrce perc€nt (1 ,E3%) P€r annum. Fraud meaos ally uhfair practice (acts or omissions) deliberately intcndcd mislcad olhcrs, lo i entionally conce€l elcmcnls lhcrc lron\ or betray or vitiate hiyher consent, to circumvent any legal or rcquircrnents and./or to violale in!€mal rules and procedues of Borrower or a thid party in order lo obtain an lllcSilirnaie ben€fil. Fr.ud agrinst the FiDrociil mcirs any intentior6l ad or omission inlrnded to darnagc hteraitr of lhe Europero Europ€an UnioD budgel and involvin8 (i) lh€ use or presexralion ComnuDlty false, inaccuEle or incomplete statem€nts or documenls, which has effcct the misappropriation or wrongful retention of ftnds or illegal reduction in resources of the geneml budSet of the Union; (ii) the nondisclosue of inlonnalion with ths same aod (iii) missppropriation of such firnds for purpose! olhcr thro for which such funrls were originally grrnled. Grsce P€rlod me3ns the p€riod &om the SiSning Date up lo and including the falling sevenly'two (?2) months after such date, during which principal reprymcnt trnder the Facility is due and payablc. IUicitOrigio m€ans tunds obtaincd throuilh: (a) the corunission of any predicate ollence 6s d.siSn6tcd in FATF 40 recornlrendalions Clossary uDde! cotegories of olences" commendations.pd0; (b) any Ad olcomptioq or 33 c+ "-# ary Fmud against th" Flna."lal Conununity, ifor when applicablc. ToP + TEC l0 daily indcx. rle tcn-ycar consla marur g:??-"^1 :i "- d"ly basis on rhe rctJant quotarion pagc r*,T:xli:ia*rid*l*jlf; fiiti:iffi Novembq 2018, is point ..;;;;;; pcr zero cenr (0,79% almrm Interesl Period(s) me€ns each pcriod &om a payment Dare (exclusjve) rp ro tb" f.*r vayment Date (inclusrve). For each Drawdown unaerrli facifiryJUe ::tl:,:I:l^p-:1:!!l on rhe_DEwdown Dare (e,cru,i,er'# end on the na\t successive'hrr fryo"of IDterest Raie O"t" 1in"t*iu"1. menns Ihe interest.ratc expressed as a percmlage and accordance wirh Clausc 4.1 (Interc Raic\. Mcans zero point sixty p€r ceDl (0.6@/0) per M.rket Disrupdor EveDt means ihe occurence ofone ofthe (j) annum. followiDe €venls: EURtsOR is not delennincd by the Ewooean Money Markets In$rhrte (EMMD. or anv successor thcrero, at I l:00am Brusscls tir[elwo (2) Business Days bcfore rhe firsr aav "i the relevarl Interest pcdod; or (ri) bcfore close of busrness of rhe relevlnr lnterbanl. market, two (2, Busjness DJys prjor to rhe firsr a"y or r'r,e Penod, the Borrower reccives notilicadln E-om $e L€nder that (i) Ihc cost to tho Lcnder or obtatnrng matching resources in tire relevanl int.ftark market would be in excis ol EURIBOR for rhe releranr Inrerest periob; or (rU rt clnnot or will not be able to obhln ,.r*"nit[ti rhrlctung resources on the relevant interbaJk oErket in lhe ordinary course of business lo fuod the relevant Drawdown for the releva]tt rtme period. i Mrterisl AdvGBe f,fr€ct I ,lreans a material and adversc €IIccl (a) (b) on: jeopardisc IT--.* insofar !s ir would irli,rri"ffi&;I I"-, im?tementatioh and op.*,ion oirt" wrlh this Aglcemcnt; th€.busiD€ss, asscti financi.l condition of thc Borrowcr r"d;rhi;;;;;;;;' or"' itb',i G) rhe validky or enforccability of this Agrccmenr; or Ebitiry ro pcrform irs obtis.ri"* I 1a1 any .ighr ot."medy oflhc Lender under ihis Ageement. Outstaoding Prilcip.l merns, in respecl of any Drawdon/t, the outsianding principal amo du€ in res?.ct of such Drawdowrl conesponding lo the amount of Drawdown paid by thc lrodcr to ih€ Borrower lcss the aggcgate c instalEents of principal tcpaid by lhe 80r0l^'c' to thc Lender i mcans Febnrary t 6'h and Augusl l6't of each ycar. Psyment Systems Dlsruption Ev€nt mcafls €ither or troth of: (a) a material disruption to th? paymcr( or coriEunicalion or io $e financial earkets which are, in each casc, rcquited opeiat€ itt odor for payments lo be rnade in conncciion with Facility (or otherwise ilt order for !h€ transaclions contemPlal by this Agrecment lo be.anied out), provided lhat the disrupti is not csused by, and is b€yond the control of, any of the Parti (b) lhe occurr€ncr of sny other evcDt which tesults in a (of a tcchdcal or system-telated naMe) to thc trcasury payment operations of a Party prEventing that, or any other (i) from performing its paymcnt obliSations undei Agre€ment; or (ii) from corununicaling wilh lie othcr Padie's in wilh the terms ofthis Agt€€ment; snd which (in €ither case) is nol csused by, and is bcyond control of, eithcr Party. Prepsynenl Compensrtory Indemoity means the indemlity calculated by applying lhe following Percenla to the amount of the Facility which is rePaid in advarce: il the repayment occurs prior lo thc 60 aMiversary (exclusive) of Signing Datc: lwo poi five per cent (2.570); if the repsyment occurs between the 6s anniversary (inclulivc) Ure loh anniverery (exclusive) of the Signing Date: two per (2./r); if the repayocnt occurs baween the l0'h anniversary (inclusive) the I 5rh aruiversary (cxclusivc) of thc signing Date onc poinl five ccor (1.57o); ilthc repaymer occurs aftcr lhc 150' aruivenary (inclusivc) of Signing Dat!: one per cenl (l%). mcans thc Program ss describ.d in Schedulc 2 Description). Public Ofriciol meatrs (i) any hold6 of legislativ€, executive, sdministrdlive judicial office whether appointcd or elcctcd, sdving on basis or othcn,ise, paid or unpaid, regardless of ranlq or (ii afi per.on defincd a5 a public omciat undet thi-domeiiii-tawBorowft's jurisdiction of incorporatior! and (iii) any orher tlle exercisirg a public tunctiorL including for a public orgaoisation, or providing a public service. Rate ConvcrsloE meaDs the conversion of the floatinS rate applicable to all or the Facility into a fixcd rate pusuant to Clause 4, I (Ir?releJ, .Rat; nof Rrte Colversioo Bequest mcans a requ€st ftom the Borro*er substantially in the form as Schedule 5C (Folrfl o/ Rdte Conyersion Requestt. )hed Rste SeftiDg Drte Ineans: I - rn rElation to ary ImerEsl Period for which an Interesr nare is lo U d.tsmincd: I (i) the fiIs1 (or, if that date is not a Business )ay, thc inuncdiarely following Busincss Day) following lh. date of rEceipt by the l,erder of lhe Drawdown Rc( rcst, providcd that such date is at least two (2) firll Busincss )ays prior to said Wednesday; (ii) thc s€cond Wcdncsday (or, if rhat date is mt a Bus Dry, the imm€dial€ly lotlowing Busin€ss Day) folto /ing the d,.te of .Eceipt by the lrnder of thg Drawdown Rea lest, if such dalc does nol at Ieast lwo (2) full Busincss )ays prior to thc first Wcdnesday sp€aifi.d in paragrapl (a) above, ll - ir lhecase ofa Rate Conye$ion: (i) the firsr (or, if that datc is not a BuJinass lhe irDncdiatlly folloving Busincss Day) following thc i of receipt by thc L€nder of the Rate CoDversion Reql from the Bonower provided such dale is at least two (2i full Busin6s Da)s b€fore lh€ first Wcdn6day. (ii) the s€cond Wednesday (oa if that dalc is nol a B Bu:iness Day) foilo;inc lir:l,T-,p1,:l1l the date of receipt by l:rloling the Lender of lhe Rate Requesl, if such datc is not at lcast lwo (2) full Days prior to the first Wcdnesday. Refercuce Fitratrclsl Institutlon mcans a finencial institution chos€n as a suitable refqence inslirurion by rhe Lender and which regularly publishes quotat llnancral lnstrumenlr an one ofthe lnlemallonal financlal infor network accordiag to ahe pr.ctices recognised by t}e ial of ng industry. 4 Schcdul.(r) me3ns ally schedulc or schcdules to lhis Agreement. SigDiEg Drte means dre date ofexecution of tris Agacmenl by all lhe paflies. 36 ,-x* TARCET Dry mcans a dsy oD which lhe Trans Europcsn Auromatcd Rc{l . Gross Sc(lcmcnl Express Transfcr 2 ([ARCET2) systan, or successof thcrcto, is opcn for paymenl scttlanml jn Euros, mcens any lax, le.y, impost, duly or othcr chag? or withholding of similrl nrture (includinS sny penalty or intqasl payablc in conncctio with a failur! to ply or sny dchy in thc paymcnt of .oy arrlouDts). rncaB thc wcbsite of AID (htlp://www.afd.frn or sny oficr Eplaccrnal wabsitc, Withholding Tar ncans any ductioD or rctattion in rcrpccl of a Tax on any rnadc undcr or in cormcation with lhis Agraemcnt. 64 .\5( .u I SCITEDLLE I B . INTf,RPR-ETATION (a) "r5reb" includ6 prcscnl and furul. prop.ni6, rEvcnu6 and riShb of every descriprion: (b) 6ny refc&ncc to thc "Borrorv./', s 'Prrty" or a "LcEdar" includq its succcssors irl tr q pdmittcd assign3 and pnmittad trao3fcrc6; (c) any rrfcrlllcc to the Agrca@adtt or othcr doclmcnt is a rcfcnoce ro rhis Agrccmcnt or t! such orhcr documcnl as rmandc4 rBtsrcd or supplcmcflrd and includ.s, if applicrblq ary documeri which rqrlac€s it through nov.tion, in ac.orde&c wi$ rhe Aglccrn€nt; (d) a "8urli!t r" include6 any cautionnemekt, owl and any garortie which is indcpendcnt from fie debt to which ir rcl.tcs; (.) "ludebtedtrqt" mrt.ns 8ny obliSalio! of.ny pcrsoh whatlocv.i (whcth€r inc priDcip.l or.s surdy) for tlrc psymcr or lqrrr,at of ImDcy, whctha F6cr{, furura or contiags (f) L ; {uurt I a "peno!" inchder atly persoD, conpaDyr corporalion, partnership, trust, govemmcnt, sdte or statc aSancy or any associalion, or group of two or more of the forcgoing (whethcr ol nol having scparstc lcgal personality); G) I a "rr8ulatlotr" includ6 any lctislatioA rcguletion, nrlc, decrcc, official dinctive, inslrudtiorl. rcquqt, sdvicc, rccarmendltion, dacision or guidclinc (whclhcr or not having lhc fortr of law) of rny goverruBltrl, intcrgovcrDmentsl or supBnational body, supewisory authdrity, regulatory auhority, indcF,erdcnt adminisFativc autlrority, agency, dcpsnmenl or any divlsion of any othcr aulhority or organisation (including any rlgulstion issuad by an induslrihl or cornm€rcial public cntity) having an eEcct on ltis Agraammt or on thc rights and obligalions of r Party; (h) a provision of law is a rrfcrcncc to lhat provision a6 amended; (0 url€ss othcrwisc provid€4 a iiltlc of &y is s rlf.rEllcr to Pais timc; (i) Thc Scction, Claus€ and Schcdulc hcadings arr for casc of rEfcrcncc only and do not affcti rhe inlerpretalion ofthis Agrr€msr ; (k) unless otherwisc provided, words and cxplrssjons uscd in ary odcr documenl rclrling to this Agreenrant or in any notica givco in connection wilh this Agrecmant havc lhe same mcafing iD ihat documcnt or nolica rs in this Agrecrncnt; (D an Ewnt ofDrf.uh is "contiouitrg" ifit has oot bc.n rqncdicd or if thc lrlder har not {,a vad any ofilr riShls rcl.ting thcrrto; (m) a rcfcranc! to a Clausr or Schcdul€ shall ba a rafcrancc to s Claus€ or Schcdulc of this Agrc€ncr$ and (n) wordi iEporfing thc plural shall includc lhc siDgulsr aDd vicc-veFa. 38 #6 SCHEDT'LE 2. PROGRAM DESCRIPTION t- Obr.ctiw oft[G I Progr.D I Thc objactivc of thc ProFam i! to support thc GcoBian tov..tlrncnt't Eform agEn& on Oc socii \vclfsrc s..lor. The final Soal of0r social welfsrc policy bascd loan (PBL) ir to strcoglico lhe social prolcction syslsn of Gcorgia. lls immcdiatc objectivcs I To dcvclop socisl suppor rnd solidsdty systar! looking al p3nicularly vulnaabl. populatiol gloups (pctsons in disability 5itu6tio4 childrtn undcr tbc atatc caE, and childnn in atc - 'trEi situation); I - To srsruc alrordable and quality health crrq focussing on thc Purhasing function of univcrsal hcallhcarc progranq and on sfengibening mcntal hc€lth scrviccs; . To optimizc the resourccs alloclled to lntcmally Displ0ced Persons (IDPS), rccelcmling thq rcse(lemc prDgram, conlribuling lo tsising awataess on lhc ncrd fot ! rcfoto oflhe stanB brscd allocttion, aod dcvclopinS prograsun.s for vuh.iablc I IDPS II- Scope ofthe Program Thc a.op. of thc ProSram is dcfuFd in lhc Indicativc Policy Matrir (Schcdulc 3) which sds a scti6 od prior .ctiorB lo bc implcmcntcd by thc Gcorgian pvcBunrot in lhc co cxt of thc reform agcr a. The nrtrix is .lmposcd of cighl (8) policy objccliv€s covding lhrc€ (3) Pillars: Pilar I . To dcvclop social supgon ard solidarity sy$.dl . Lnprovc suppon to pcrsons wi$ dissbilitid by dcvcloping tuncrionaysocisl modcl of assGsing and gra ing disrbility sl.tus in linc with thc t N Convcnlion on the Ri8hl. of Pcrsons wilh dissbililiG . . Implcrnclrl lhc sccond phase of dcinstitutionalizalion for childEn wilh scwre dissbilitics Estrblish ncw s6vio.s for ciildrcn in gr€ct situalion to protccr thcir riSht! tnd promotc lhcir intcSration. Pillar 2. To rnsurc aflodablc srd qualily healthcarc afld promotion of hqlthy lif.styl. . . lnprovc effectvan6s and efficicncyof universal healthcare and otharPtograns Slrcnghcd thc Msrtrl Helth S.rvic.s Pillar 3. To oplimize rdourccs allocrlad to IDP nccdr . . . Accckrating thc r6ctllqn n| of IDPS living in Colhpsing Collaclivr C.otcrs (the "CCCS") a,!d closing down of ruch c€.rlcrs Raising swarenes! about lhc neccssily lo rcform ihe IDP allowance syslcrn Idcntifying and assistinS vulrcrnblc IDPS All prior actions are to bc fulfill€d for lhc Progran to be considcrld complctc. Thc tochnicsl asp€cts of thc ProSram were dcveloped for ltuee (l) ye€rs duration (years 201E,2019, and 2020). Th€ pr€s€.rt policy bascd loan (PBL) is for thc {irst year of the Progam. Il is exp.cicd that follow-up PBLS will bc a8r€cd bctwccn AFD end Gaorgia for lhc tubsequcnt ycars. ct+ The Indicative Policy Malrix presented in Schedule 3 of Ag:eemenl will be updated each year llle satisfaclion of both parties in ord6 to take inlo account accomplishments of the Gcorgia and potential changes in lhe co e,( of Modtoritrg of thc Program The monjtoring of the Program will be carried out on the basis of thc actions and rcsutl presented in the lndicative Policy Matrix (se€ below). Regular consultalions will be held the G.o(gian aulhorities aod olher relevant stakeholders to ensure a close and updaled monitoring f the Prograrn. Until thc technical and of th€ PrcgIam (expecicd oD lhe 3lst of Decamber 2O2O), technical repons will be corDpiled by the Ministry of Finance of Georgia on a half-ycarly basis, implemcntation of the Program (progress in th€ c.mplction ol thc activitiea mcotioncd on thE Matrix) and the Progam's rcsults indicatoE. Thcse r?ons will be shared with AFD logelher a8raod proofofcomplction for thosc actions that will be rcported as complcted. 40 evM ! t! 6rF rI I gI iEf,lE'E $$ f Eq3'- rFdu g ! 6{'iE:Ec .l lfi s3z;iE {i5 , i!t s 6 E+ili c i" I[t i:i+i irel{ --rql it 3ei Et lTI .?;IE iiiliiiiiii -a o e ii$s! x!E lriIe"dc tr icet c F Esl-E p Ea{r; ss;$llti f!;;EgFI if3---i 1t 1! E z 9a o .l 5', IB;: ,1. i ce iii;trE gE-c g $ { i i'F {g{fgE rf g= iI I e F!. r: lr, d a o tiilEgiEli $ligif,SEllr g+ r;+i iEBr E 'il1IEEE+i: I g e ,i lli€ ii, i;igli 6', lerE;""-t? lltErF IE i vvvir v r>"8 ?8 vvg ""f, ? l, : 0 c- igiEEFiEii 5t; 9Eq1 ; t 6i.iE ;{ ri,iii'*i'i'iuTiii flir 6- 1 9 i T fl i't { 8 x ! { W 3:i iiE:5 Erl F ?iq !.rsi8 '1.. 3 ris #;r l: Fl9F9rr r"r+i1Egs t8 I CE F s I :iIiF ,6 al r f,q 9.;: e =rgsEl:6; l."TgtsEi 'Ee'^-'r. E'6E I*Eii t : ia ;ii iii$ { 3iE l EE fiEE 9n.;3t-E E g" rFiiEitiil -=,irHiEdge. rE dEii BE:TB:? qn 5#IEE A ii; EI - , r;ilE9: 5i+!eii 3I:; ii E irEi;"1 ;; l a2 t : n i';'e_{ q iti i itt *i rnB.s ! F: i'! iEiii iI:9. 9f Ei 1r !ln:i =I f,€i -88 6 e: :i9: $et+ IE :i&[e Es IElr e irls Y-!:Q i; 4; f, 8'a ttEi e ':F d, 5 8! I EB-= ci iiEi;g #9 Eg igl eas Ii E;i ii I!F { rr c=t esii;* :iit aEit :" t{ $EEii',iEliEiiigE'i =l;: ! ?Ei E ;; ; 3li !E! :EE! : :i E l r: lg iEE E JgE !?$I3, i Eil iEis ECi^ ile ;EB E-Ire EEE ii:siiii iBF HilF Fi; iiSEci Xi8 iEE ei t_E .t !.!: Iri {t} l=.8 a=E'EI ! ei !!^ !E !tI trl :j6ci i Ei '.1 I3I '1! rliiiliii,l iEg!t glt oj i.!-t r t,E J!i;E P',i a d fit3iE, EI Ei "18 ErEii r PI i{l E:r.:l ir''r; f! 9, FRr -b 6l E I; Ei ! tE .5i t!?EE Ei^ !. !;EE e Ci -9, :iEI! E;i EsiY e t-9 rstii .9;? 8: E:Ei{€ IE:E .5i :l-c=i EE !9i Eft?i3 i;ft ilii sE!E{ Ei! llleiE!;! {iiiilii ?.! iE t ":;:E [-: i ]- :ETT; u!!gE E l;;€ i u! [ r: E;; i i ;iiEi i:l P! EIEE':i. ril- :':?; p 9ax€i RE t = 5 E$B: IEi ii€ $ iiiiili;ii;Ei rtEsE rE:E5EEl iia:, Iii fii "* r. t_ i$* $;r3 PEe.a'i rrlrr E ! i!l,Er X ! a!EE?iE X: FB? Ec.lLE.! !EraE :iffEiii 5i-:,ldx:. !iiiiiiiiiiiir ; i::E! IE i;iiE;E;f* Eili=r:E!r !E Ii!? i E! s E.s s 6 E rEl 'E i -a< -". ! !!E iit$€!'iir9 i oF=- A- l'E; -r .r 9='! !iEiIBEEEFB d-al <!e! iEiEE Ei€e EssfsEi{ E .a E--i!t:;aH+; 6 i.E !6 ! EtiEi HiEe E p i aJ =a ae E I ir i l.e cU€ ;: ail E IXEici i "--I-'!' ! r,E 21 e aU!i giri g 5P s& ;e u 'i: iE= -s,EcE Er-f* EE ;! ,sEEi EBtgE L6 l' t" IE 4r a!a E{E 6! I ${iiEE 5S.l; g; i:lir;; iffiiii J E I a E a4 .x# SCIIEDULE 4. CONDTTIONS PRECEDENT Thc following spplica to all docurneDts dclivcrcd by thc Borrow.I as a condition Ficcdcnt: if rhc doclrmct which is dclivq€d i! Dd eo oridDl but plroloc4py' rhr oul I! photoc.py, utc or'8in'l origiml c'tlifi'di Cttrificx ' pholocopy shlu bc dcliv6rd;";-"-;"d;-' -*' il;5'l:HtrlT lli.,$fi:;:f"*,tro;ffi1usrv - scnt to' 'nd documcnts not previolsly scnt and agrccd upon, shall bc srlisfactory to rcT cd upon bv thcl $e t ndcr. P^AI I- COI.IDTIIONS PRECEDEI'T TO rE SATISF1ED OII TTX SICXIXG DATE (a) D€livery by fi€ Bonow.r to thc t dtdar oftbc following documcnts: (i) a Ccnificd copy olthc D€crcc of thc Cov€nuncnl ofccorgia on autborizrtion of thc Mini$ry ofFinaDce of Ocorda to sigD lhe Agreemcnr; (iD I cerrificd copy of rhe Order of thr ptime MinisEr of Georgia Opoinrina Mr. Ivanc MATCHAVARTANI s! a Minisrrr of Ftnanc! of c.orgia n.g+ aarca, iZn of Juty 2018: (iii) a lcflcr duly siSncd by thc MinisEy of Fin rrcc coDfrnir8 lhrt lhc drawdown of thc Facility *ill not brcach rny bonowing limit, or rny orhaiimild limit binding oD lhc Bonorf,ct (b) Dclivery by a repuEblc law firm est.btishc! i[ tl]c iurisdiction of dl. Borowcr ard selecLd by thr Lrrlder of a drefr lcgal opinion, in foam and subslarrc salisfaclory ro dle lfndcr. PARr II - CoI'lDlTtoNs pREcEDEItT To ThE D&{wDowt{ (a) Dclivcry by (hc Borrowq to thc Lrndcr ofthc folloq,ilg docuncnts: (i) s c.rtificd copy of thc R.solution of fic parliamenr of ceoryis relaritg lo rhc ra(ifi csrioo of lhc Faciliry Agrccmcnq (ii) a letter duty_signcd by thc Ministry of Fimncc sratinS [hal $e F.citiry Agreernent is lnctudcd in $e "R€gistry of St l. Iran" of Gcorgie; (iiD a ldtcr_duly signcd by thc Minisuy ofrinancr confirming rhsr lhe Flcility is included in tDc Borrowar's relcvenl ycar's budgcti (iv) a tcchnical prog,css rcpon at $c Drawdown R€qu6t dale confirming comDlerion of rheprior.ctions agrE d for thc ycar2Olg. (b) Dclivcry by th. Mini$ry ofJustic. of Gcorria lo thc Lcndc, ofa in form and substancc sslrsfacrory to thc Lcn'dar; (c) duly axccutad bgnl opinioq D.livcry by a r.pulable law firm esrablisbcd in drc .iurisdiction of he Bonowcr and s.bc'd by the lrndcr of a sitncd tcSat opinion, in fonn anjsubsrancc sarisfactof i;;;;;d"" '* (d) Paymcnt by thc Bonowcl to thc L.rdcr ofall f.6 aod cxFns6 duc and payable under rhis Agrccmcnt, 45 @qil6 SCEEDTJLE 5A. FORM OT DMWDOWN REQUEST [on the Borowet's leurtead] TO: ACENCE FRANQAISE DE DEVELOPPEMENT On: ldotel 8orIowcf'r N.D. - Crcdlt F.ciltty Agft.ocDt no l.l d.t.d I.l Dr!*dowD Rcqu.n Dol.l D.3rSiIs, 5. L y As-cqinl.n: I.l rnrcred into b€iwr.n rhc Borro*er andlrhe y:j:|1-1:-l1:,c,Yl1.Iacll t nder d.rcd [.] (6e ,,Agrecracri'1. opttati.j *ort" ,r.a uur nor iifrn"a hcrcin havc thc rneanings given to thrm i; tD Agrecment."na "*pr"..io* 2 Wc inavoclbly rEqu6t tl,.at thc Lad€r E!k6 a Drawdown svailablc on thc following tcnris: I AJnouDt: Euroe thLty-fivc ldllion (Et R 35,000,000) l Ir crl51 Ratc: Wed /fiootingl Thc Inter.st Rate will bc delcrmincd in sccordancc with Clusc 4 (rrtarerl) of rhc Agrcsr I Thc Int.rcst Ratc applicablc to thc.Eq!6tcd DEwdown will bc providcd io u: in w-riting nd we accclt rhis lnterGt Rste (subjccl to thc para8raph bclow, ifapplicable). IFor frgd I!t.r.at R.rta otrlv:l-lfthc Intaest Ratc applicabl€ to th€ rcquGted Drawdo*n is gcrle,ll]dn l.insert percenaoge in word!) (1.)%), $te requesr fiar you c;ncel this Drawdown R€qucst. 4. Wc confim thal elch condition Sccificd in Claus. 2.4 (Conditions pr.cede,t) is srlisficd on thc dalc-of rhis Drswdowr Rcqucg ad th.r Do Evcrlr of Dcfoult is ioorinuiog or h likclylro occur, Wc egrcc to norify thc ri.r iEm.diet.ly ifany ofthc conditiors rc abovJ is nol s.tisfied on or tcforc the Drrwdown Dalc. t rcfu Thc procceds of lhis Dmwdown should be crcdited to lhe follo*ing banl accounl: (a) (b) (c) (d) (e) Namc [of $c Boltower]: [.] Addr6s lofth. Borow.r]: t.l IBAN Account NuDbcrl t.l SWIFTNuInbcri t.l Banl aod bank's addrcss [of thc t.l Corr.spodcnt bank and account numb6 ofthc BoEowcr,r ba*: t.1 Borowcr]: (0 6. This Drawdown Request is inwocible. 7. W. have attached to lhis Drawdown R€quest sll relevsnt supporting documfits specifi€d ir Cldrsc 2.4 (Conditions p/e.ed.n, of thc Agccmant: [Li$ of supponing doomcnts] Yours sinccrcly, Authoriscd sigDatory of Borro*cr a.l+ SCHEDULE 58 - FORM OF CONFIRMATION OF DRAWDOWN AND RATE [on lgen e Fnn1aise de Dipeloppe ent leuerheod] To; Ithe Botmwerl Dat.: [.] Ref: Drawdown Rcqu6t no [.] drred [.] Bor.owcr'r Nrtr. - Cr.dlt F.cltlty Agr.cE.trt !ol.l d.ted l.l DrawilowD CodrErtlo! !c[.1 Dasr SiE, I l. Wc rcfcr to th. Crcdit Facility A&ccrlcnr n"[.] ent€r€d into bctw.en rhc Borrowcr anl rhe Lendcr datcd [.] (th. "Agrccmctf). C{pilaliscd wordi snd cxprGsioB ulcd but not de6n d h6rin ltrvc lhc nlcanings givco to thco iD thc Agllrdlcna 2. I By a Dt-.I,down Rcqu.st L.n.i dated [.], dc BoEow€r has rcqu6tcd lhat thc Lcnaer mfkcs .vailablc a Dr.vdown i, the amoud of ELrR 35,000,000, pusuanr ro thc tcrms and condi$ons ofthcAgr.cmor. I 3. Thc Drawdown which has bccn madc availablc according to your Drawdown Rcqucst follous: I as Arnount: Euro! thirty-fivc million (ELJR 35,000,000) Applioblc int66t ratq [.percentage in vJotdtl (1.]%) pcr lnrum Effcctivc globsl .!tc (!c' ,,I!,[rfr\i l.pocentoge in viods'lll.)Vo) Drewdo*n Dltd [.] lFor lLcd-IBtarc.t Rtt. lornr oilv For infonnation purposG only: Rltc Sdting Drtq [.] Fixcd Rcf..lrlcr Rate: [.psrcertage in l,,,rdsl (|.]yo) p$ 'J.nwn lfd.cx Rat : [.percentoge ir, ]@rdrl ([.]%) per annum Irdcx Rste on Rrl. S.ititrt Datci l.perce age in t ordsl ([.]%) prr lnoum.l Youn sinctccly, Authoriscd siguto.y of .l gence Fmngaise de Diyelowrncnt 14+ 48 dI6 scltEDt LE sc _ f,'onM oF R]r.rE CONVERSTON REQT EST [on the Bo.rowr,t leu?rhead] TO: ACENCE FRANCAISE DE DEVELOPPET{ENT On; ldote! Borow.r'r NtDr. - Cr.dit Frcility Ag.rE.Dt rol., d .d l.l Rrt Conv.rdo! R.quart !ol.l Dc.. Sirs, l. 2. Wc rrfcr to Oc Crcdil Facility Aglcqncr no[.] entercd inlo betwc.n ihe Borrower and tha L.ndcr dlred [.] (hc ..AgrccE.at'). Capitrlii.d words and dprcssions uscd bur not dcfincd hcrcin havo thc meanings givco to lhqD in thc Agcadrcot. Pususnt to Clau* 4-1.3 (i) (Conve\ianlro a lteting tnto&t Rate to o./ixet! tnlerert Rate) of.thc Agrcemmt, wc b.rEby r€qu6t that you clnvefl thc flosdng [,tara3t R tc of lhc following Drawdown: l cation Drursdotti amount aad dC.l, into a fixcd InleEst Ratc in accordancc with thc trrms of lhe Agre€ment. 3. This nrc convlrsion rcqrGi will bc d.$rcd oull .nd void jfth. applicablc fix€d Intcr.J R.re fxc.'js l.ins.rl perc.rltaEe in vo lrll.yol. YouB sincdcly, Authoris€d signslory of Bono*cr 49 SCEEDI'LE 5I' - FORM Otr RATE COI{VERSION CONFNMATION [on Agence Frangaise de Direloppenent leuerheod] To: Uhe Bornwerl Datq [.] Re: Rrtc Convc6ion R.qu6t no [.] dlrcd [.] Borrow.r,r N.m. - CrGd f.cility A8r.€m.Da Eol.l d.t€d Rata CoEvaralo! CoDlirortlo! I.l !ol.l D€ar Sirs, SlElEqIr Coovclsion from I lloating Intcrcst Rate lo a fixcd lrtcrcst Rrt. l. We rcfar to fltecrodit Facility Agr.qncnt n [.] ente&d jnto b€lwgen lhc Bo.rowrr al Lcndcr drt.d_ [.] (thc .,Agrccmcnf). Capitalsj wo.a" *a c*prar.ion" noi hcrcin have thc mcanings givcn to rhem in the Aglerncnt. urJ i lhe n€d We r€fcf_also to your Ratc Convc.sion R.qucsl d{ed [.]. We confirdt thet thc fixed Inr Kale Eppllcablc lo thc hwdorvn rcfcnrd to in your Ratc Convcrsion Rcqu.st dcltvc( accord.mr wirh Clausr 4.t.3 (i) (Conversion n lroi " fale) oflhc Agrecment isi T"rrirgiiuii iiili"Jil) [.]% pcr annum. 3. This fixcd Inrclcsl Rsr., calcutatcd in accordancc with Claus€ 4.1.1 (Setection ol tntelecr to thc Drawdoe'n rcf'nd in vorrr R t" con""*io;i;;;;' i;;-i;i r;#li#i]' 4. Fu lcr, wc Dotiry you rhal dr€ eIIetivc gtobal ratc per annum of thc Facility is You6 sinccrrly, Aulhorbcd Epr6cntalivc ol.lgence Frahlaise de Del,eloppe,nenl G,tq 50 [a]%. SCHEDULE 6. INTONMATION TIIAT MAY BE PUBITSEED ON TIIE FREIICE GOVERNMENT WEBSITE ANI' THE LENDEN'S WEBSTTE l. Informrlion rrgarding the Program ' 2. Numbcr and n m€ in AFD'S book; Dcacriplion; Op.raiing saaloI; Plac. of implemcntation: Expoctrd slaning drtc; Stairs ofimplcm€ntation updatod on ! 6arni-amual basis; tnforEDtion rrg.rdiry rhc fin&cing of dlc ProSram . - Kind of fmrncin8 (lofif 8r.nt, co-fuuicin& dclcgslcd fund!); Princip.l amounr oflh. Faciliry; Amount of thc Facility which h.r bccn d.awn down (updatcd ss thc implcmcrlalion of thc Progrrm gocs). 3. Other informrtion - Transaclion informstio,l nolicc and/or abast P'€Gllting thc tr.nrsction attlch.d to thi! Schedulc. 51 SCEEDULE 6.I TRANSACTION INFORMATION NOTICE Policv bl!.d lo.! ao rupport tochl pmt.ction ip Geor{h Cotrtext spd kov skateqic iisuei of ttc Droamu Affer gaiDing ih ind?endcnce in t 991, Georgia undcwent 8 difficull political and econdmic kansition which affect€d the health and social protection system. A n€w social protection sysrern w8s launched in 2006 with the inhoduction of thc targited Social Assistsncc CrSA) systern, which is 8 m€ans-tested monetaty transfer systcrn. In i0t5Assessment meliodolory, score and benefit amounts have changel to reflect n""d, od rfr; most vuhcrsblc population - child.en. Thc programme was alsoiupplemented with a ciild b€nefit, which is also means-tested. Currentiy, iround 12% of the U"*nr. ;;pulation tlis slstern. d", Morcover, givea the difficulties in acctssing h€althcare dispensed almost exc plivsta profit-making cstsblislun€nts, the govemment innoduced a universal sftal -IUHC) in 2013 integrating thc state insuancr progamrne which had been rn sincc 2007, initislly inteDded for the most disadvaltaged citizens. It now cover 90% the population. The "out of thc pocket" cost has fsllen ftom ?9yo to sylo since its I However, the overall cost of the system is increasing significantly year on year while the qualily of fie hedlhcare does nol appea! lo be benefiting frorn rltis financial commi from lhe State. rmaly, ue coutry Finally,.the courtry has over 280,000 2E0,000 intemally displaced penons (lDps), originally fromlrhe Abkluzia and South Osseria. IDps are eligible foi state-bcnefitc and ;lro iur. ;gh{ to resulred many fa$ities being housed in former puUfic iuiiliJgs. l:*ilp,.*hi"!lT.in Nevertheless,53,000 families have not yet received govertuDenl housin8, *i t0,000 ofth"rn are living in cxtrernely difficult conditions. The popuiation oflDps is Urilth" statutory nature of the bsnefits means that tie most wlnerable families "*-rr"."ty.i*"a are not propgrly i supportcd. I Proqltm rods ard coptant Tlds progrsm aims to suc,lSthcrl Galrgia's social prorcction systcm. Il is slructured pillan: ,rorna -_ Jo.. T: - Pillar l.- streDgthenirg th€ soclrl support sDd solidsrlty system: this particul{ily tsrgcts lhose categorics of the populEtiol which are extremely wlncrable and'are oodrlv clverEd.by the current social suppon systcm (disablert peoplc, steet children ana -'_ cfildhi -with serious disabilities). - Pluri 2 - ltnprovlDg th. healtlrcer. tFtem 8nd Gqurlity in rccesslng heelthcare: l-[ris involves. suppq6lsg thc grdduat implementation oi u si.t"6. p*.f,"*" ,f*-iil ii. unlvcrsar nealthq[e systern which will help to reduce the costs to the patienr and imprgve the quality of carc. Thc program wil also focus on the trcatment of mentar iunessesrbv supporting thc modemisation of servic€s in compliancc wi0r European Uni"n u_O"ar.l-' - Pill.r 3 - pr.p.riDg tie reforD of ahc beDcrits !ys&m for IDk rnd ]lhouslns of ' frollier liviug iD ur!.nltrry collccdvc housh!: thc program *if ,r#1" ii . communlcatlon 8nd coDsultstion wo* h preparation for the reiorm of ttrc stat,rrory sysffm f q4t 52 *-6 A\aaqy ParaiclDrnt! rtrd DroccdurG AID will sssist by grsrting 8 policy bsscd loln to ceorgig rapresc.rtcd by its Miristry Finance. lt is the first pafl ofa thrEe-ye8r progratnrne which will enable the implementltion the lhree pillars set out sbove structured arcund one public policy matrix. Technical assistancr will also be provided from AFD to Oeorgir, and will be coordinated the agency Expenise France to the benefit of lhe Ministry of Intqmally dis?laced persons, labour, health 8nd social alfain ofGeorgia. Mah raaultt croactad The main resllts expected fiom the progrsmme arc as follows: - A strcngthcnil8 of the social support and solidarity systern for exhemely vulnerablc grouP3; - More cqull acrcss to quElity hcalthcse, epcciEuy for prople suffsring fiom martal] illrcsscs; - Bettn living oonditions for wlncrsblc tDps strd s briat ovcrall uadcrstanding of thel upcoming rcforrn ofstatutory bencfits. I AA 53 .w