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ry LOAN NUMBER t95248 Loan Agreement (EDcr$ SuPPly Relirbility rrd Fio'oclrl RecoY'rv Proi'cr) b'titce! CEORGTA rnd uwenNlTtowrBNrFORMONSTRucrION LoAN AGREEMENT [S UJ'#ff-"t8"--lse'i,v,:3f;'Ei"fil:i'ffitA#nfr "",*+?l,'f+f; Dsrcc as follows: ruili i*;;;;; and thc Bank hcnbv ARTTCLE I - GnNEML CONDtTtONsi DEFINITIONS l.0l'ThecencmlConditions(&sdcfinedinlheAfl)endixlolhisAslwmcnt)lPplyto snd fotm P8n ofthis Agrcement' in_ this I Agrccnenl thc capiirliTtd territ tlsad 02 Ljnless the conlcxr trquircs otlrcrwise' d"n*"f condilions or ln $e ApPendix i"ili" to *t hrve the m.sning3 sscri*o to this A8rcem.ot' ARTICLE IT - LOAN "' Ili,.,,ff :Iu,"""Hi,,iq[fo End'PM 2 of thc Ptoiect dcscrlb'd $*i;l{ lf ^*Jkmlh{ 2.02. Thc Borrowcr mey withdtrw thc procec& ofth! Loln in accordrnca wi$ S€cdon III of Schedule 2 to lhis Agr"tncnl 2.(ll. l'hc Fronl'end Fcs is on' quancr ol one percenl 2.04. Th. commilmcnl clraBe is onc qtlarl'r (0'257o) offie [,o8n mounl. otone pc'cent (0'25%) per annum on dto tJnwithdrawn t.o8n Bslsncc' th' Fixed sptcad or such talc 8t ma' ol|rs Rcf'rcncc Relc 'r'ozt"l of lhc Ge66rd ' 2.05 Th. lntrI.st r8te is 0lc on'"rs'ont i'ijli io secrlon lpply followinS o t Conditions 2.06. ]'he Psyment Dstes are Msy 15 snd 2.0?. Thc principsl $it Agrccmc'mount ' Nov'mber 15 in elch yeal' ofthc Loan shsllbc repaid in 'ocodlnce ARTICLE III - PR(NE('T '"'I 1 It with Scheduls I to -Io lhis of the Proicct' I nrcnl lo the obicctivcs l_he Borro*er dec lares rll comnu ro be crrricd ou Dv "il;;;",.1"rr pun Projecl I snd Pan 2 of rhe .uu.. #. -)(PlE)' in-a1o{Icc wirh' th' provisions rhc Ptoicct lmplerrlenting E'nlily doodition' and tle Projecr Asrccmcnl of Ill["i"riiJd'**l ART!CLE IV _ REMDDIES OF T8E BANK .,'ffi ildill;il,E#-:!i:,r:iiri*$#,#1,.xl*jrffi',H ;ffi ilc; iiJ iioj"cr g'c'menr' e :?Hfifl 'ffi'rf.l:il1,i:il':'i, ao:rhceddi,ioJ,!ip,"li,ltfi pcriod ofninely (90) dsys sncr T$iffi #,1$H1;f#}ilH"hT rlol thc Borowct' ARTTCLE v - r'FFECTIYENESST 5.01. l'hc Addidonal Condhions ofEfTeutiv€ncss (8) TERMINATION consisl ofthc followitrg: 'l ho Subdidiary Agrcemcnt hns bccn on bchslf qf thc Borro*ci 'xecorcd and thc PlFl (b) The PIE hss sdoded thc Operotional srlishctory lo lhc llsnk' 5.02. thc tiffectivcrcss Desdlinc is rhc Signsture Datc' Manual' in form and subsls'los fic dat' onc hurdrcd and tq6nly (l2O) dsyi afrcr ADITRDSSES ARIICLE vl - REPnESEMATIVEI or r,y sucrcssor thgreto' is iE Minister of FiDlnce 6,01. The Borlowcr's RcPrcsentltivc 6.02. Thc Botro\rcr's Addrcrs isi MidstrY of Fio.nce l6 GoGlsdi Stnct 0l l4 Tbilisi ccorlil lin8il: Publicdebl(timol: g( 995-12-2261461 -3. 6.():1. l'hc Bf,nk's Addrcss is: lntemltion6l Btnl for Reconstruction Itl8 H strceL N w' and Devclopment Wllhin$otl D C 204ll Unitld St!t6 of Amoricr Emaili mtrmbon@woddbank org l-2024?7'6191 AGREED I of thc SignauF Dsrc' GEORGIA By Nattcl Titlel o"r", Tr*o l(, !'o{9 INTERNATIONAL BANK FOR AND DEVELOPMENT By ffi Nanrc: BECONSIBUCTION $l\h{,^^^}arn -4SCHf,DULE I Projc'l L6criPdon rhe ob,icctiv* of the P""ie T-il the hnancll weslcm 98rt ofGcorgic schieve lcrm commcrcial finlncing Thc Proiect consists of tho Tffi "]f;il";Iil"f i,fi 'L':j:.'i"s: following par$: inchding thrcugh thB Prrt l constn,dionol(i)Jv.ri.Tskrhuho.500kvpowerlrsnslni$ion'.n.-6(ii) anu (a) Isklltuho 50022() kv \ubsrxlron' (b) ',XX*xti'iix**m*m*r*;*'y* Prrl2: (tl) ii.Hffiffif;A;Am;O srppod to Finsnchl netolcry the rorro\YinB: Throqgb: T#i'il'xilil"$il'i'x-;' 1,,, l;**t' r :ITH"il#,:'if;'E io' o*:]:**,ilJ:H;H;*,., (iii) [i',iriii-on 0r.".,"o r cvhcr sc"l'y :.iT:'1ilil;;.;ppo'r *R"'"*r ;t;r ac;uisirion orofa hlack'ottt sysrem ): ,hvelontncnt " :l *,*;g**$.gm,:*r;*q,m (b) PrcPrrtlor) Work to Ac4+e C'Plt'l Mirt'i3 mT rl,x*,tL,ll*l}:5ffi;"*HJ"""s PrE to obtain a orcdir -5S[pPort for tbe crecutioo Pdrl S: Rsk[BE loBr terIl of thc trsossctlon to occe$5 co[rinercill filrtnclns tlc crpii'l t!lrB8'l' .6$CTIEDULE 2 Proied Erc.ldor Scctiotr l. A. lI[rrlemcntrlion AreEgcmeoB httituilolslArsDgctlt'ltti ,JiiH:"-,ff ifr',fl -;Jilfl*.:+$#;,ffi (h;ll nor Bs.sigrt' amend sbotarc or ii" pti., "'in-"" "ppr""al ol the Bank fffi ;:#m iltfrffif;*m*tr#ffi*ffiffi**'i occePtsble to tlle Bank' B. Slblidisr!Agrectnetrt "'*,ffii.;$ff (o) (b) :fftr$l""p#--fl ilqiii*r'ffi Losn in sccordsnce wirh thit fiJl:"'I"iiJ',.lr;,&|i#:i*-* Ii""r",H;i'[iH;{,"ffi:j}iit:}l:[]iH*;i$i'fli tinle ilt to accordsnce Agreemenli (c **'iitfi i.+t#*i,r"t$Eil,tfr,I,li"*-,i,:"{ Au,!'menl io the Borl gt* Pa"a ot I 4 Ye!t!; aod " iitr'i'" -1- d ipt*,'Wgrr,m "ff#.*fr *#*}'fri*'*}fr l;fflHli-Hfr I[ ffi provisions c. L Elvltormrnlrl eDd Soclrl shBdrrdi l': $i" f''E;il'1ffi'*J"i*J$''"ittilS'; Xr:t*r**":l*',i*1f, to thc uan*' in inronncr acccptable I$l;;flii*i"fr fi{,*:lxft{m,*#*iffiT:#* cnsure tlt: li *tt t*=*::il:!: (b) sufficient :friI'iliilll".i;li:'jT"'il1';T:l':o gvailablr to cover funds are the costs of imPllmantinS' ,", H';",S;"res$",:f,J$ys'''*il1#E3Exs"l" "'* o* rhc ESC P; -*n n' ('r)*:[i:iJ*#Hjlili,lJ[a'1,::l'Jlfl :ilx*J;:11*]:ll*: rhc p'ovirions or I.ffiS"",H ;ffinffi?n'"1'H,:ll'f'1i'"y'i this -Et. The Boro!'er shsll' snd sMl cau3c thc PIE to: 'ffi|ffiHmffiffi liii) coneclive snd Prcvcnllvr b eddress srrch condirions: ano t.ffi:fl'"mmtr,. ' lt*t.*.**n:m,l-*mnl{**m Standstds' to (he Bank Sccdon ll. the carend' ,n"r"-*",,n'''"*'".'Iii1:i:Tg;"!x*'i*;,i1fi"jl["5]'l* $: i"fJi*[lx1"::'il]"#::.;;;;nirg o*, *"]|i.""ffJi"i[:l?# i€mestlr. Sccdor lll. A. cen'rrl -. ^ -,--r .^.airions snd *#t***m:*rnl****I***;m.st' -9- tunosnt of lhc Loln Alloc!ted (erpre'ctcd in EUBO) Crtegor, Goods. workst noll_ consulting services. consulting scrvices' 61.845.000 Perceltlga of Erpeodltures lo be finsnce.d (lnclurlv. ofTsret) 100% and Tmining for P8r1 ard Pan 2 oflhe Projcct AEou Payabl€ Punuanl ro s..tion 2.03 of fii3 { Acrccment in occordsnce \*,ih Sedion 2 07 (b) olthc Oenerll Condilions 155,000 (2) Fro -end Fee Amount dua P{rsuanr lo S,ection 4 05 (c) of $e ll lntoresl Role C6P or lntcrrsl Rala Colhr prcmiunr '! cenc.sl Conditiotlt 62.000.000 ol AL AMotN]' ti. Withdrrwrl CoodllioDli Witbdrr?'l Period I"il*Tl['r*:,1TilIH."J,tffi TIlc Closing Dde is Dccember IHH*I \xirhdnw{r shsrr bc m'dc ror ll' 2m4' scctioE lV. n. 'llle Borow€r shlll ctuse lhc PIE to: (.):Hll[:l j"]litr,L:r:,4',J:rl;ll,1J"#.{tr1:';i'y3i,bilft ll :""#'" " ::ihf :f,' ffilo;tlrc1il"'Jtii",if'*'H'il:ffi ts3n fl PIF- is submittcd " - l0- b ffi6frffig;$riil;ilfi:isIil#''ffi[ /.\ c Encrgol rsne urr $!t thc PIE sod hDve no crsh dcficlt by rhc end of Filcsl Ycrr 2020' t1. For rhc Putposd of pstaS'0ph A abovci 't xffi$","ffiffi**};,'**r'$l1,ffi (b, :p;,tTilH:,!;Hi;ffifi"T,tT#Hfi'i,""'"'lthc c'srr Evenucs c *iii"fr{fl$ii*.;g;tT*{ijiix$#*tT# (d, ll;;:l,X:$ H:;iH,::H: lxi":f;ffiH1'I#f'l"tt; torcLusinas oPcotions (e) The ot r,:"' llleflrationd ierm -lFRs" m'ans cff€cl' Financial Reporting Si!$drr& in -nSCHEDULE J CoEmit$c[i-Lhf,'d Arnorti"tion Repymeot schedulc .:":r *l''ffi's $&ffi iti: frfi "*s"t:iH'nf :ii,*",H1"',#l:ifr ("lostollmQnt ShsrE')' l.,cvo! PrioctPal RePrYDents Prlncipsl Pryrtrcot Drtc l5 on each MaY l5 and Novembcr l5' 2033 Be8inning November ir,iiu l'.1-ot"muct t:. zo'al On MsY I5. 2M4 I!3t lrtrert S[sre - 12. APPENDIX Sccdoa t. Dclitltlort t-'lmruf,;'*.*'dl#,*trffi ''*t*tffii JulY 1,2016' 2. set forth in c '€atc8gry" mcrns ! carcSory t{btc in Scction III'A of Schedulc 2 to this Agrcemg 't. fli,.r*ffinffis*:d;t.#* 4. *-s*;**t1,*,'$:1*',xli's:#fi l6' 2002' *l#f"'li'Js'HJ:ll':: Auglst 5 * ffiffiwffiffi ll s*ndarde: r.insncialrn "*l't*f;Jt"i":;Hf'Yt$ ;i",T,.J' T :'m'" ',H:ffij.'.ilSl:ll:n''ii_ii#E; publishld l, 2018' Octob€r iiurp'{ott' I l. c 'Fisoll Ycai'me s iscol ysst fiom lanu6r-v lhc Borirwers I to Declmb€r 3l' iffiil"ilis ;frgr**"nm"UTJ:i$i3'''"*:'l"JMinislry otFinancc' 'Minisny of f inancc" rucces5or lherc0l ttonower's or"MOF means rhc or its *lmm*rmmffi {Xti;,lffi--,1ffi ffi ',$'il"#f'iffi"rl#i$'&-$} 2'-trttr-l"4,l.m}h$[l'rilxu#'tx*r{lr w$$ffi'**-*,#*t*,* r ;iii:r:il'l"t T#:"'i "$':li"tl ff Novcmb'r 20' 2{x)E' T*'tr'.f; l$tf #"J"Jl - 14- 15. :].$:j,ifl{:lFffiHi#*i'$sf;}"* l6 [}::}i}#H?1$: s"*#H$ ffiiif#*i^*ff ;fi{Ht}H"t';;ffi rhc lrsn svsil6blc to thc rlE t? m*,t**;6+**f =*i*E*g:f'"'m**i*