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GRANT AND LOAN AGREEMENT .\7 in implemcntation lo the Financisl protocol sign€d on October 7, 201 I bctwe€n rhe Oovsrnment oftU rntffci-nrpiir,rc and cEoRcIA (the Govemment ofGEoRGIA) BETWEEN , TIIE MIMSTRY OF FINANCE OF GEORGIA acting in name and on behalfofcEoRcr^ (Oou.-rn.niottionclll AND NATIXIS eciing in nEme End on bchalfofthe Governme ofthc FRENCH r6 REPUBLIC /t z-- ' SUMMARY PREAMBLE Artlclc I - Amounl snd pupos€ ofthe financial Artlcl€ 2 . Opening ofdrawing rights on the Articlc 3 - Conditions prccedent _ Conditions Artlcl. 4 - Drawings on thc Grant snd thc Artlclc 5 . Repayment ofprincipal _ psymcnt Artlcle 6 . Claims or defences originating Article 7 - Curency ofaccounting ard payment - place Article t support Granl and the l,oan to b€ met prior to the drswrngs Loan ofintcrcst on thc Loan from a Contract ofpayment - Recovqry ofsums resulting from the implementation ofguarantees issued in the framc ofa Contr8ct Artlcle 9 - Taxes _ Duties - Fees snd other exp€nses Article l0 . Repayment in advarc€ ofthe toan Arttclc ll - lnterest on overdue paymens Article 12 - Interruption ofthe Grsnt End the Loan _ Ac{elsration ofrspaym€nt ofthe L,oan Artlclc 13 - Application of the sums rcwived by NATrxrs Artlclc 14 - Goveming Law Artlclc 15 - Election ofdomicile Article t6 - Interpretation _ Matters not defined _ Articl. I7 - Coming into forc€ Annex - Specimen letter ofgeneral instructions P6 Disputes ?,- PREA\IBLE Whereas the Covemment of the FR.ENCH REPUBLIC and GEORGIA (the Covemment ofGEoRGIA) signed a financial proto{ol on October 7, 201 l, hereinafter call€d the "Protocol", by which the Frcnch Covemment has provided the Georgian Govemment with financial supporl up to a maximum anount of EIGHTEEN MILLIoN sEvEN HUNDRf,D THOUSAND EUROS (EUR lt 700 000), relaled to the financing of the project of development of mountain resorts in the valley of Mesti4 and composed of: - a French Treasury grdnt, up io a maximrrn amount ofsEvEN HUNDRED THoUSAND EURos (EUR 700 000) hereafter cslled the "Grant", and a French Treasury loan, up to I maximum amount of ElcllTEEN MILLION EUROS (EUR l8 000 000) hereaffer called the "Loan". Whcreas in afliclc 4 of the Protocol, the signing of an Implementation Agreernent bctween thc MTNISTRY oF FINANCE oF GEoRGIA, acting in the nalne and on behalf ofGEoRGIA (the Govemment ofcEoRGIA) afld NATtxts, acting in name and on behalfofthe Ooveanm€ni of the FRENCH REPUBLIC, h8s been provid€d for, in order to speciry the modalities ofutilization ofthe Grant and the Loan and ofrepayment offte l.oan. Thc MINISTRy oF FINAI{CE oF GEoRGIA, EctinS in name and on behalf of GEoRGIA (the Govemmenr of cf, oRGIA), represented by on the one hand. NATrXIS, actilg in name and on behalf of the Govsmmert of the FRENCR REPUBLIC. :({/rcsent€,dbf?t.1./r , '>.',,J-n,'L*J g, I.-^"k'a+. --Q '- s,t. -:*L on the other hand. HA\'E HIRIBY ACREED AS FOLLOT*S : 4DG I :l ARTICLE l.- Amount snd purpose of rhe flnrncial iupport Ory!, -up to a maximum amounr of sEvEN HUNDRED THousAND (EUR 70o 000), fhg is intended for rhe financing of the purchase in rmrci-oifeasibif ity ,t O"i dediclted to the organization ofmountarn resons. a The. Loan,. up to maximum amount of EIGHTEEN MILLIoN EuRos (EUR It m0 000) rs inlsnded for rhe financing of the purchase ln rnurcfof sti for the winter sports resort of Mestia. lid.qup;i as a Frcnch servico if it is executed under a or under an airway bill issued by a Frcnch French company, and is certified'as being a ... The shipment insurance shall be considered as a French service if it is taken out wrth a company approved on thc French martet. Howevs. the fnancino rn6y !s.g11€nded to goods 8nd services originating llcr, in a""oidanie with provisionJoiirti"iJ i oiif,. p.to*f. from countries other than Fn ilHS[].". p6 The Grant and the Loan will be plsc€d ar the disposal of the MTNI8TRY oF cEoRGtA by NArrxrs sccordine t.i tte moaaiti.i iiutei rn ",ii"r., zl:-*Jc 12, -' Afrer h8ving rlc€iy.d this sg'lcmcni from thc Frrnch supplicr, NATD S wilt opcn for thc ProFct drawing rights on thc Crant or thc L,osn up to lO0 o/ ;f thl amount to bc financcd es mcntioncd by thc Hcsd ofth. Economic Scraicrs. ARTICLf, 3,- Cotrdlalolt to bG Ect prlor to ttc dn*hr! Aftcr rhc opcning of drrwing rights on thc Grut or on thc Loan, rs defincd in lrticle 2 abovc, ihc disburscmcls on thc Granf or on thc Loan will bc madc for thc ac{ount of thc MINISTRy oF nNAncE oF cEoRGIr, as provided for in articlc 4 hcrcaftcr, whcn thc following condirions havc b.rn fullillcd to lic saiisfadion ofnATrxls: a) submission !o NATrxIs of thc sudorization of thc Minist r of Financr of cEoRcIA to sign this Grant snd lnrn AgIl mcnt: b) for cach Conuact: . submission to NATtxIg ofthe po]vcrs-of sttomcy and spocimcns ofsign8turr of thc rrprccntariv.s. of thc Gcorgian bupr, irhcn for paymcirt o the Frcnch sufplier thi documcnts are rcquired to bc rppmvcd by drc Eprscnutiv* of 0rc Gcorgisn buyql; . I submission to NATxIs by thc Fruch supplicr, 8ftcr frst dovmpaymcn! of a documcnt confirming coming inio forc. ofthc Contslcl ARTICLE 4.- Drrwltrrr otr at. Grrrr or or thc lr.tr Thc fi.st downpsymcnt providcd for in cach ConEact $all bc bqtwccn lO% and 20yo of thc amount of thc Contract to bc find ccd undcr thc hotocol, aftcr d€duction of thc smount of frrighl and insurancc. As f8r as thc financing offtiight ond insurancr is conc.mcd, no payment cnn bc mtoc pnor to tltc actual shtpmmt. shall bc madc availabb to lhe Frc[ch !o n^Trxls by thc Frcnch supplicr oi withi supplicr photocopics o Should dEwing cnablc it to chcck that 8 prolocolsr thcn NATXI to financisl smount duc within thc limhs orovidcd thc Loar. Thc only rc$onsibility of mcntioncd sbovc shall b€ to esc€nain with thc terms and p8ym€nt conditions ofthc bc in acpordan* with tha unirorm version). cuoo,r'ffi1*i3ijfe"#Hi#T,Ir1tf?,:Pll IATrxIs shsll make thc.poylnrnts within fifrccn working days of having rEccivcd and found thc documcnti acccpb6lc: 2 (,, 6 of NATtxIs. precising for each Contract number of rhe MINIS,TRY oP of a photocopy of the doc concemed lerm of payment. No cosr. charges or fees arising ftom this transfor of funds will be lo the chargc Upon receipt of rhe funds, the MNtsTRy OF FNANCE rmmedratety transfer the amount received to _ ""_*i OF GEoRGIA shall oiif,"'Ceoil;ilr;: NATIXIS will inform bv e mail the MINISTRY oF FINANCE OF GEORCTA ofthe amount and date of each drawing. - OF rhe ssid cale-n FTNANCE quarter' NATrxIs will send to the MINISTRY op drawings msde on rhe Crant or on ti," Lin Juriii I speci$ the dote and amount ofcach drawing. ' n the basis Interest is Iast day of Dtr 74,- 7 At the end of e3ch calerdar qu above, NATIXIS will forwad as soon as possib one (l) copy of the schedule of repayment of shall anncx to this schedule the ststement of afiiclc 4. Errors or omissions €rcept€d, this rEpsymcnt sch€dule will constitutc an unconditional and inevocable commitmcnt of payment by the MINISTRY oF FINANCE oF GEoRGIA acting in name and on behalf of Georgia (the Geo.gian Covemment), in favour of NATl.r(ls for 8ll the instalmerts dmwn up in the said schedule. Oa esch matu.iry date, thc MtNlsTRy oF flN^-ttrcE oF GEORGIA l{ill credit the Emount due, to the account no 30007 99999 61565775000 89 of NATIXIS op€n€d rn its books, In PARIS. Thc date of payment of a msturity of prilcipal or intercrt is, wher it falls due a non-working day in rnrncE, postponed io thc wo*ing day which follows. On encaihment of the said amount, NATDOS shall ackrowlcdge reclipt to thc MINISTRY oF FTNANCE oF cEoRGtA ofthc payment made. ARTICLE 6.- Chlm! or defctrct! orlshrtirs from r Cooarlct All undsnakings entered into by the MINISTRY OF FTNANCE OF CEORGIA pursuant to this Orant and an Agreem€nt and in psrticular, the commitmsnt to pay the instalments ofprincipal and int6est, sre independent ofthe cornnitm€nts enterEd into between the Georgian buyer and the Frcnch supplier pursuanl to tle tcrms ofthe Contracts. t Accordingly, no claims or defences which the Georgian buy€r might have against the French supplier arising out of the Contmct may be sel fonh against NATIxts rnd thsrefore interfere with the rcpayment of arly sums due pursuant to thts GIant and l,oan AEreement. ARTICLE 7.- Currclcv of rccoulllnq rnd orvnent - Phcc of oevmclt The amourt ofeach Con$act is express€d in Euros. The Orant and the Loan are granted in Euros. The loan is rcpaid in Euros. Any payment of the sums du€ by the MINISTRy oF FINANCE OF GEORCIA to NATlxls shallbe made by crEditing thc account n'30007 99999 635657775000 89 ofNATDG opened in ils books. !n pARIs, wilh thc following reference: D.A,UP.E.E. - Lotn no 890 b[, j),- i trffili?hT* buyer are J,,ltfl'JH.TJBi3,1"','r"11 inform the ulting ftom the calling into play ofthe guarantc€s has to be assigned in favolr of NATIxts. Cons€quently, the texi of tiresi guaran-tees shall provide for a-clause speciSing that any sum resuhing from the calling inio play of thesc guarantees, will be paid in full and directly to NATIXIS. _ .-ln casc_ the said guaranlees are supported by counter-guarantees, the counterguardntor shall anest that it will pay in full and diriitly ro xirrxts thei.rnds resulring from rhe calling into play ofthe said guarintees. The proceeds encashed by NATtxIs by riSht of th€se guarantees will be appli€d in accordanct with article | 3. ARTICLE 9.- Texer - Dutler - Fees and other exoenres The Glant and the Lrar shall not be used lo financ€ any direct or indirect taxes, custom duties, levies or administrative expens€s in GEORG|A" To rcselve the financial resources provided for under the protocol to the Furthsrmore, the reimbusernent of principal and rhe Dayment of interest snd lees in connection with lhe executioo of lhe protocol shall be madi ria of any taxstion in c_E-oRclA. lowevcr, should any event whatsoevcr prcvent the payment ofrhe duc'amounts, the MINISTRY OF nNANCE OF GEORGIA should ensure that NAiIiIS is paid at first request and promptly the exact difference Any duties. taxes ofany kind, stsmp charyes, present or futue, in r€lation to this Urant and Loan Ageement legally due in FRANCE will be to the charge ofNATIXIS. ARTICLE 10.- Reprvment ln rdvrnce of the Losn The MINISTRY OF FINANCE OF GEORGIA may repay in advance all or pan of the L,oan. The amount ofthe Loan so prepaid shall be apptied in adcordance with the proiisions ofarticle hereafter ll 0.0, /V, .- ARTICLE I l.- Interert on overdue prvme[ts Without prejudice to ihe provisions of srticle 12 herc8fter, that is to say witholt this anicle I I preludicing the right to rcqu€st rrpaymenl in adv8nc€ or c.nstituting I re€son for delay in payment, any maturity ofprincipal or inter€st not paid on due dale by lhe MINISTRY oF FINAITCE OF GEoRGIA will automatically b€ subj€ct to interest on ovqdue payments from its due date until the actual date ofpaymcnt. According to the article 4 of the Prctocol, this inter€st on overdue psyments shall be calculated at the EuIo OvqNight lndex Averagc (EON[A) r8te increased by 4 % per year. This late camot be less than 5 ozo per year. lnlerest on overdue paymsnt bears itself interest at the rate mention€d above if it is due for a full year. No furrher dmwing of thc Grsnt or the l,oar miSht bc rcquir€d from NATlxls and all surns regardin8 the toan du€ by the MINISTRY oF FINANCE oF GEoRGIA to NATDSS will become immediitely payable at the first Equcsl of NATD0S in any of the following circumstsnc€s: - Int€ruption, crncellation, partisl or total tsmination of a Contract for 8ny reason whatsoever; the intenuption ofthe Granl will spply only to the pan oflhe Grant relating to the Contract interruptcd, cancclled or tsminat€d. The inteEuption of the Losn 8nd thc rcpayment in advirnc€ bf the L,oan will apply only to the psn of the lran relstinB to_ the Conlract intemrpted, cancelled or terminstad. However, in such a case, 8t the request of th€ MINISTRY or FlNAllcE of GEORGIA, NATIXIS with the approvsl of the French Authorities could maintain the L,oan alrcady paid; - Default of paymcnt by the Mtr{tsrRY oF FINANCE oF cEoRclA with rcgard to any ofits undertakilgs ofpayment resulting ftom this Orant alld taan Agrc€ment; - Failure of performarc€ by thc MINIST'nY oF IINANCE OF GEORGIA ofany one ofthe conditions, stipulations or undedakings arising fiom this Cmnt and Loan Agreemenl; - Any act or decision of the Gcorgian Governmmt lhat miSht prevelt thc performance of this Grant snd Loan Ageemsnt Any rcquesi for the r€paymcnt in advance of the loan in the above mentioned csses will be made without any other formalities or legal decision, by sending a mere registerEd letter to the domicilc of the MINISTRY oF F NANCE oF cEoRGlA as mention€d in anicle 15 hereafter. In no event may any delay or omission by NATD(S exercising its rights as mention€d above, be considered by the MINISTRY oF FINANCE oF GEoRGIA as a waiver of th€se rights, or as a consent to thc default of payment by the MINISTRY OF FINANCE OF GEORCIA, D,K 4.--, \-_ l0 ARTICLE 13.- Appllcrilon of the ium! recelved bv NATlxts Except for thc rcpayment ofprinci!,al and the payment of intsr€st statcd in slticlcs mrlxti undi this Grani'aDd toan Agrccrncnt, espccially -bywill bc applied by NATIXIS ss pusuant to srticlcs 8, l0 and 12, follows: 5 and Il, any sum rcccived For the Grant : by deduction from the drawings made on the Grant during the calender quarter when NATlxts .eceives the concsponding procc€ds; For the l,oan : - in priority, to lhe payment ofany arrears; - then: g$cr tg the repayment ofthe principal remaining due in compliance with the repayment schedul(s) issued, the said repayrneirt schidulqs) bein! recalculated' acrcordingly; . 1qg by dcduction of the drawings made on rhc Loan during thc calendar quafier when -: NATIXIS receives the concsponding proceeds; , or,. by dcduction from thc drawings made orl the toan during the prec€ding calendar quafl€rs, thc conesponding repaymen! schedule(s) being recalculated aicordiirgly. ARTICLE 14.- Governhq Lrw The execution of tiis Grant 8nd Loan Agreement is govemed by French hw. ARTICLE 15.- Elcctlon ofdotr c e the purpose of performance of this Agreement, the psnies hereto €lect -.For domicile as follows: - for NATIxls: Secretariat gdneral Direclion des Activires Institutionnelles 30, avenue Pierre Mcndes-France 75013 pA s (France) Adresse postale : S€cr6tariat geniral Direction des Activitis Inslirutionnelles BP4 75060 PARts Cedex 02 Dh 44- ll E. Msil : C,Ai@Elids,.eem Tclephonc : (33-l) 581926 42126 52 Telcfax :(33-l) 58 19 26 70 - foT th€ MTNISTRY oF FINANCE oF GEoRGIA: External Rclations Dcpartmqnt I 6, Gorgasali sreei, 0 I I 4, TBILISI (G€orgic) Telcphonc :+99532-2261461 Telcfax | + 99532 - 2262423 Should any problcms of intcrpraation or other manef not dcfined by this text arise during thg execution of the pr€sent Grant alld Loan Agr€em9nt, the MINsTRY oF FINANCE oF GEoRGIA Bnd NATms would, in 8 spiril of mutual undcBtanding 8nd goodwill, try to find adequate solutions by means of ar exchangc of letteE. ln case of aay disputc, thc concerncd partics agre to negotiate to scttl€ this matt€f, on an amiclble basis, with possible re€oursc to the consultstion of their respective governmcnt. If no solution 8pp€€rs, the dispute will be submitrcd to the govemmcnt of thc FRENCH REPUBLIC and to the Eovcmmcnt of cEoRGtA which will decide on thc suitabl€ mc8lls to solve it. 4t,-' D -tr t2 ARTICLE I7.- Comlnq lnto forcc The oresent Grart End l_oan Agreement shall enter into forc€ after its signature snd on thc datc of rhc r+.ritren notifi.nrtql it i i Jty'io'ttl i"rJ'"i p"rty 1,"t it t .Uy tulfilled its intemat legst procedure for ttr6 enrry int6 iorle 6r'ifri'iieseii'crant ana roan A8rcqncat. c""ffi 4 DoncinPARIS,onO c,L"3n7rzot< and inTBILISI, on ,/7 /0 X/O// un ouprrcate, rn frmch and in English, both texts being equally authentic). THE MINISTRY OF FINAICE OF GEORGIA In rh. nrm..trd otr b.hilfofc.orgl. NATIXIS (thc^Cov.rEm.nl of Ccorgla) 4 ,'vrr* ( ANNEX SPECIMEN LETTER OF Gf,NERAL INSTRUCIIONS Dear Sin, A contr8c{ for sn smout of ...,...........,............ EIrR(N (EUR ...,..,..,..; was signcd on ............ b€twcqr ............,.., Frach supplicr, and ....,.....,.....-...,,...,, Gcorgian bu1cr. This contrEct Glating to tbc (fGlsibility studics dcdicstcd to thc oryanization of mountaio rcsoris) or (supply of ski lift! cquipmcnt for thc mountain rcsort of M6tis), to bc financld in thc fiamswort of thc Frcnchicon an Financial kotocol signcd on Octoba 7, 2011, bcars thc seal of thc Hcad of thc Economic Services for South Csucssus and Turlmenistaq loc{ted in Balnl. A on our beh8lf, to agrced upon by photocopy of the The prymcnt out ofthe Frcnch Trcarury (Grant or t osn) 'xill bc made within thc limits and 8t thc conditions sct out ir ow Grant and Lorn Agreerne dated......,..... THE MINISTRY OF FINANCE OF CEORGIA 7.D.G

CONVENTION DE DON ET DE PR6T et la ENTRE LE MINISTTRE DES FINAIICES DE GtORCTB agissant au nom et pour le compte de la cf,oRGIE (Gouvememeni de la ctonclu; ET ▼ NATIXIS agissant au nom et pour le compte du Gouvemement de la RipUBLIeUE FRANqAISE ,'fi 0( - SOMMAIRE PREAMBULE \r Ardcle I - Montant et obj€t des concours financiers Article 2 - Ouvenure des droits de timge sur le Don et sur le pret Article 3 - Conditions suspensives - Justifications prealables aux tirages Artlcle 4 - Ti.ages sur le Don et su, le pr6t Artlcte 5 - Remboursement du principal - paiement des interets sur l€ p€t Artlclc 6 - RCclamations ou €xceptions tirees d,un Contrat Article 7 - Mon laie de clmpte et de paiement - Domiciliation Articlc 8 - Recu.p€ration des sommes resultant de la mise en jeu des garanties emises dans le cadre d'un Contrat Artlcle 9 - Impdts - Droits - Frais et accessoires Article l0 - Remboursement du pr€t par anticipation Artlcle ll - Inter€ts de retard Ardcle 12 - Interruption du Don €t du pret - Exigibilite anticipee du pr€t Ardcle l3 - Affedation dcs sommes regues par NATTXIS Article 14 - Droit applicable Article 15 - Election de domicile Article 16 - Interprdtation - euestions non resolues - Litiges Article 17 - Entree en vigueur Annexc - Moddle de lettre d'inskuctions generales 、 ′ ク /,ラ アだ Zイ PREAMBULE 温 ∬ 鶉 螺 警胤 税 躍 Ft EUROS cuR猛 ∞o品 認 ‐ V 識 。鯖 L惚 評 ゾ un m° mam ma対 mJ dc sEPT CENT mLLE ct un pret du Trosor fran9ais d'un mOntant maximal dc DIX HU:T MILLIONS D'EUROS(EUR 180∞ ∞0),Ci‐ apに s dё nOmm61c《 Pお t》 露 隠 留[留 uvcm翼ギ∬ L又 La」 sm aunOm d"w L cOmメ c dC● 、 d'une part. ≧ 器iて 鵠 NATIXIS,agissant au nom ct pour le∞ mpte du COuvcrncmcnt dc la REPUBLIQUE ´ J,- ft"*r/; ― ・ 11た 11■P｀ d'autre part, SONT CONVENUS DE CE QUIsじ IT: ′′ タ ツ ARllCLE l.‐ 1ヽ 10ntant et Obiet des● OncOurs● nanciers Le Don d,un monrant ma(imum-de SEPI CENT MILLE EURos (EUR 700 000) esl destine au financement de I'achat en FRANCE d.6tud; de i;iiii;6-JnI#,unt ,,organisation de stations de montagne. Le PrCt d'un montanr maximum de,DIX HUIT MILLIONS D,EUROS (EUR tE 000 000) de.r'achat en rn'rrvco aieq'ip"m"nis;;#; :il,*Ti:";-J",XH:TIili 'd"'iq; p;;i; Le transport s€ra considdrd comme service frangais . s,il est effectud sous connaissement emis par un armateur francais ou sous une leflre de transpon aerien taii" compagnie iiancaise de fiet adrien. .'u. so,rs.une r"mi J" ,"iiii,l ,i"r.i p"ui in t.un.po.t"u, ,outi". .affiet"nr"". frangais. et est ceflifid comme service lianqais par les autorit6s fiangni.". i*"r* L'assumnc€ sem considiree comme service liangais si elle est souscnte auprds d,une compagnie agdee sur le marchd frangais. Toutefois. le financenent poura-s,ilendre A des mat€riels et sewices de pays autres que la FRlrcE. conformdment i I.anicii i j, p;";;i;.'" -. ^' en provenance Le Don et le prel seront mis m place au profit du ltINtsTtRE DEs FINANCES DE cEoRGtE par NArrxrs selon les dispositions pr€rn es aux Jrticle. j Z "i i1ilii*. Chaque contral. relatif,a I'execution du proja mentionn6 dans le protocole, conclu entre un floumisseur francais er un ,cheteur georgien (ci-;ft;'G;-;;-*'"f,"t"r, gj"rgi._, o" ,.*tc au prorocote confo",6i,"n?a'ii,ri"ii'oi,- ii"i#i]1". il., denomm6 i:i:[T:r*11," "i-"prcs Les parties aux conlrats imputes sur Ie proto_cole ne peuvcnt proposer ou donner d un trers. demander ou se faire promenre, diiectement ou inai.""te.[ri benifice ou celui d'une aulre parlie aucun avantaee inrlir. pdcuniaire ou autre. consliluani ou Douvant constlluer une pratique itt€gare ou de comrptioi. t e ni:[rsrtii ies NArrxrs ddcrarenr r"sdite d,aucune pratique "onnaiisance, irf'liur rii;icdi;HH;i."er ,*?,Si:Ilh].* C;;;;;;;l iiiiii"",iriliiititet Un exemolaire du Conrrat revetu du cachet du Chefdu Service Economique pour Ie sud-caucase er te Tu*indnistan, ,es;auni ,1, sak;, te Chef du Service Economique aura mentionnd sur Ie conrrai r. ,""irit-a pro,o"or". rir""i] ;i;#;;'a ififf; Li"iJiitii i, A la rdceotion de cet eremplJrre du Contrat et de l,autorisation de rigler donnie par te MrNrsrtRE o"' rrrilcrs ou cEonirr sou, ior." a,rn" i"iii'oi"!i,i",i"* genirates -donr modilejoint en annexe-, NArrxrs ouvrira d* aroit, aii""gi'i"iii'or"r'ii"r"rr'L rret. NATIxrs informera le fournisseur liangais de l.imputation Protocole- Par ailleurs, NATrxts demandem u" f"r.iirJrin-9uir'a{*"#* du Contrat sur le a" soumettr€ au contr6le 6ventuel de I'affectation des souscrits, en teur confo.mitd avec les rdgres "rts protocotes f;Hl:1:,ff * ′./ f.rdr.r*d";il;i;;;il; il;A;" * n;q"[;.'i" ;n#c,ei;i'ffiu". a* /つ /2‑ 5 蘊 耕 量翻 輔 封 靱 脚 ¶祗 l脳 鷺 朧 u3脱 団 獅4蛾 鷺 ud憎 露蹴e」 器 LS鼈 品 臨 喘鵡認犠 脳 耽 器溜Ⅷ識棚 乱謝 1鵡 鳳 認ザ駆s: Sgncr LⅢ 認 漱 お詰 :踏 織 認 :鋼 響 ndu M翻 S"鵡 Hnm∝ s cCoRC口 "Ш bl pOurchaque Conmt: li」 留 棚臨闘謝肥 露細識瓢盤躍拙酬椒暁富 留Ъttrm∞ dttt m gucur Conmt pour騰 朧 熙鍬謬 宙 ξ 瑞鼎織:闘TM : du montant du鷺l暇 dclan‐ ncl Y曲 :lm鑑Ⅷ躍 」 服紺器 1霊 棚榔‰ 機 Ea! cc qui concemc l€ financemc du ftEt et dc l'assumncc, aucun rgglcment ne pourra intcrvcnir rvant les exdditions. 詰辮 酬 1颯器 機 拙 馴翼淑楡糊 珈 鶴∬臨 欝 鰍 語瓢 滅 盤 ヽdoculncn auお urnissew輸 ■ ■ 棚 鳳 需 織 顔聯 欄 齢 に 蹴 厖 鮮 酪 朧 柵 器 ソ 榊 aC des docu nm● Ml嚇 ′′・ 辮 押 蠅 駆 11熙 雌 骨 翻 鉢 prcssbn疇 Ragles et umnces Nlatlvcs att Crdlts Docttmtacs い 魂 lCments dans I∝ q 認 鴇 よ nzc● urs Ouv ss vmt h歳 戸 m 6 Cependant, si des paiements ont 6td effectues auparavant par I'acheteur gdorgien en l'aveur de foumisieur frangais, lis tirages pourront €tre utilisds porr rifinancer ces p"aierients hauteur du montant qui aumit d0 Ctre financd daos le cadre du Protocole, apres receplion par NATIXIS : - d'une instruction sp6cifique du MINTSTtRE DEs FINANCES DE GtoRcIE precisaot pour chaque Conh-at le montant A transf€rer et le numero de compte du MINTSTtRE DEs FtNANcEs DE GfoRGIE A credirer ; d'une photocopie des documents prdws dans le Contrat pour le terme de paiement concerne, i - NATIXIS. Aucun co0t, charge ou fi"ais relatifs A ce transfen de fonds ne sera imputable i Dds la re,ception de ces fonds, le MlNrsTtRE DEs FINANCES DE GEoRGIE transferera immdiatement le montant recu sur un compte de l'acheteur g6orgien. Aprds chaque tirage, NATtxts adressera au MINISTiRE DES FINAt{cf,s DE GfoRclE par message dlectronique un releve prdcisant la dale et le montant du tirage effectue. A la fin de chaque trimestre civil, NATIXIS adressera au l NlsTtRE DEs T|NANCES DE cEoRclE le relevd des lirages sur le Don ou sur le PrCt effectues au cours dudit trimestre civil. Ce releve precisera les date et montant de chaque tirdge. Les rdglements effectuds par NATlxlS s€lon les modalites prdl,lles aux articles 2, 3 et 4 ci-dessus constitueront I'ex6cution par NATIxts du mandat donnd par Ie MINISTtRf, DES IINANCES DE CTORCIE dans sa lettre d'instructions gdnerales mentionn6es , I'article 2 et attesleront de I'accomplissernent de son obligation de mise A disposition du Don et du Pr€t auprds du MINIS'TERE DES FINANCES DE GEORGIE. ARTICLE S.‐ Remboursement du orinciD8:― P8iement des int̀腱 ts surie PrOt 蝕i du Pど認棋器 酬 ∬ 搬ぱ:総旧ξ :」 な お認r島 :鰍i::呪 嗜 :‖ i‖ prcscnte Convention dc Don ct dc Pret Lc Pra scra divisё cn tranchcs succcssivcs dont chacune corcspOndra aux tiragcs ercctu^par NAT:XIS au cours d'un trlmcstrc civil Chaquc tranche du Pret,d'unc duree dc vingt(20)ans,CSt amortissablc cn quatorze (14)ans,Cn vingt huit(28)somcSt● allt ёgalぃ et succcssivcs,la prmicrc̀ch6ant soixantc dix hult(78)mok aprcslc dcmtrjourdu thmcsrc d宙 l au cours duqud ts"rarS auront aё Chaquc tranchc du P cfFcctuё s t po● c interets au taux dc un vii,le un pour ccnt(l,1%)l'an,Calculcs sur les montants vcrsё s ct non cncKlrc rclnbours6s Les intё ttts courcnt a partir dc la datc dc chaquc tiragc ct sont ca:culcs sur la basc dune ann6c dc troヽ ccnt solxantc(360)jourS Ct d'un mols de trentc(30)jourS ns sont payables scmcst● dlcFnCnt a tcrlnc 6chu,lcs prcmlcs vcnant a 6choancc Sx(6)mois aprcs lc d.1lncrjour du t● rncstrc civ‖ au cours duqucl lcs tiragcs auront 6tё cfFcctucs ′′ フ″ ヽ 7 A Ia fin de chaque rrimestre civil, pour chaque tranchc de pr6t telle que d€finie cr-dessls, NATIXIS adress€ra das quc possible au MINISTtRE DEs FTNANCES DE cfoRbrE un ( l) exemplaire du lableau d'amortissement en principal et inter€ts y correspondant. NATIXIS joindr; ce lableau le relevd des tirages sur le Pra mentionn6 i I'article 4. i Sauf erreurs ou omissions, ce tableau d'amortissement c4nstifueB un engagernent inconditionnel et.irrdvocable de paiernent par le MrNrsTtRE DEs FINANCES DE GfoRcIf alissart au nom et. pour le compte de la cEoRGlE (Couvemem€nt g€orglen), en faveur de NATIXIi pour toutes Ies €chdances pr€vues dans ledit tableau. A chaque date d'echeance, le MtNtsTtRE DEs FtNANcEs DE ctoRGIE creditera le montant di, au comple n. 30007 99999 63565775000 89 de NATIxts ouvert dans ses livres i pARIs. . La dat€ de rdglement d'une ech€ance de principal ou d'interCts est, lorsqu'elle Cchoit un jour non ouvre en FIIANCE. repoussde au premierjour ouvre qui suit. A l'eocaissement dudit montant, NATD(S accusera rdception au MINISTTRE DES FINANCES DE GEORGIE du peiement effectu€. ARTICLE 6 ,- Rdchmrtions ou exceDtiorr tirdet d'utr Cotrtlrt Tous les engagements pris par le:utxtsttRE DFJ FINANCf,s Df, GfoRGtf, dans le cadre de 1a_pr6s€nte Convention de Don et de PrCt et en particulier, l'engagement de payer les ech6ances de principal et d'intgCts sont independanrs des engagemens c6nilus entre iaiheteur georgien et le foumisseur francais aux termes des Contrats. En cons6quence, aucune r&lamation ou exception, que I'acheteu. gdorgien pourrait avoir e I'encontre du fournisseur au tit.e du Contrat ne pourra 6tre opposde A x,r.rrxrs it donc interf6rer dans le rernboursement de toutes les sommes duts au tire de h pr6sente Convention de Don et de Pret. ARTICLE 7. - luornsie de comptc et de ptiement - Domicilistion Le montant de chaque Conkat est exprimi en Euros. L€ Don et le PrA sont accordes en Euros. Le P€t est rembouNi en Euros. Tout rCglement des sommes dues par le MINISTIRE DEs TTNANCES DE ctoRGrE A NATIXIS sera effectue par yirement, au compte no 30007 99999 63565775000 89 de NATIXIS ouvert dans ses liwes A pnrus. sous r6ference : D.A.I./P.E.E. - PrOt no 890 zP,D(r Au cas oi! des gardnties (garanties bancaires, cautions...) seraienl emises en faveur de l'acheteur g€orgien dans le cadre d'un Contrat, le intNlsTtRf, Dis FtNANCf,s DE GtoRGtE informera I'achtteur georgien que le produit resuhant de la mise en jeu des garanties devra €tre d6ldgui au profit de xATIxts. En consdquence, le lexte de ces gamnties devra c6mporter une clause prdcisant que tous les fonds r€sultant d'uhe mise cn jeu de ces laranties seront vcrsbs directement et en totaliti A NATrxts. lesdites garanties seraient couve.tes par des contrcgaranties, le .Au cas. -oriqu'il contr€garant devra certifier versera directement d NATIXIS les fonds resultant de li mise en jeu desdites gamnties. Les sommes encaissdes par NATlxts au titre de ces garanties seront affectees conformement e l'article 13. ARTICLE 9,- Imp6t3 - Droits - Frri3 et rcce3soiret Le Don et le Pr€t ne pounont €tre utilisds pour financer toutes taxes directes ou indirectes. droits de douaoe. prdldvements obligatoires ou fiais administratifs en cEoRcIf,. Aux fins de rdserver les financements prevus pa! le Protocole au d6veloppement de la GEoRGIE. il est convenu par les Gouvemements' franqais et g€orgien que. pour l;i Contrats imputes, la foumiture de biens et services. y compris l'assistanci fei'trniqui, pir des entreprises frangaises dans Ie cadre du Protocole, de m€me que i'imponarion, I'exportation, i'achat, l,utiliiation ou la disposition de biens et services concoumit i la production de ielles foumitures, ne subiront aucuns droits de douane. tar(es, cotisatrons sociales ni autres pr6levements obligatoires en cEoRGIE. Si de tels prdlevements, quels que soient leur objet ou leur'narure, devaient 6tie effectuds selol les rdgles armCnienes sur les op€rations precitees, le paiement de ceux-ci serait a Ia chargc de l'achaeur g€orgien. De plus, les. montants de principal et d'interets ssront paFbles nets de toutes deductions ou retenues en cEoRctE. Toutefois si un evdnement quelconque emp€chait le paiement de I'ensernble d€s montants dus, le ITINtsTtRE DEs FNANCES or cEoicre piierait ir uirxrs,L premiere demande de sa p8n, et sans ddlai. l'exacte diffdrence. _ Tous dloits, impdts de toute nature, liais de timb.es, presents ou futurs, afl'erents ii la pr6sente Convention de Don et de PrCt l6galement dus en ut{\cf,, s-eront e Ia charge d€ NATIXIS. ARTICLE 10. - Remboursement du PrGt prr anticiortiop Le [IINISTTRE DES fINANCf,S DE GEORGIE peut rembourser par anticipation tout ou partie du Pr€t. Le montant du Pr€t ainsi rembours6 sera affectd conformernint aux dispositions de I'article l3 ci-apris. D6 z7- ARTICLE I l. - lnt6r6t! de ret.rd Sans prejudice de ce qui est stipule d I'article 12 ci-aprds, c'est-A-dire sans que cet article I I puisse nuire au droit de dernander l'exigibilitd anticipe€ ou valoir d€lai quelcon(ue de reglement, toute dcheance de principal ou d'int6ret non r€gl€e A la date d'exigibilitd pa. le MINISTiRE DEs TINANCES DE GtoRclE donnera lieu de plein droit e intdret de retard A comiter du jour de l'exigibilite jusqu'au jour du paiement effectif. Conformdmenl a I'anicle 4 du Protocole, ces intdrets de retard seront calcul6s au taux europden moyen pond6rd en euros (TEMPE) major6 de 4% I'an. Ce taux ne peut 6tre inferieur 5% I'an. Les int&€ts de retard portent eux-mCmes intdr€t au taux d6fini ci-dessus s'ils sont dus pour une ann6e entiere. i ARTICLE 12‑interrupdon du Don et du Pret̲Exlgibilit6 8ntiCi 燎 du hapt t M熙 IЁ R::讐:I眠 巡 e du Pret 駐 毛 f灘 ∬ ざ鵬 ::臨 腺if器 稀 1蠣 淵 cxigibles a prelniere dclnandc dc NATIXIS,dans l'unc quelconquc dcs circonstanccs suivantes: ―Intcruption, annulation, にscl!ution particnc ou totalc d'un COntrat pour quc!quc raison quc cc soit, 1'intcruption dtl Don s'appliqucra uniqucmcnt a la part du Don relative au Contrat intcrompu,annul̀ou solu L'intcruption ct l'cxiglb‖ ■C anticip du Paゞ appliqucrOnt m馳 電:卜 』b鵬 。1肥 鵠 継 穏 器 i蝋 品 f淋 貯 i詣地 i鵠 露 譜 ll』ril黒Pに t deJa vcrse; 凛 Π NANCES DE CЁ ORCE cn Ceq cOncerne 籠 略 習 :潔l:EauDES titre de!a prescntc convcntion dc Don ct dc 「 unc qudconqi∬ ξ 誕 ∴ 器 酬 P【改 : :獣 甜 」 鷺躙 i3m:T『 甜ポ cond● ons釧 Don ct dc Pra; l蹴際F滉 讐詳ユ li謎 訳 淵も 11:: ‐Tout acte ou decislon du Gouvernernent gco[3cn qui Cmpecherait rcxoculon dc la pr6sente Convention dc Don et dc Pra Toute delnandc dc rcmboursclnent anddpe du Pret dans lcs cas mcn 滉点詭cw稲器辮讃』 t総 m口 c lcttrc 四Lnvd du∝ ζ onnOs d‐ dcssus ∞mmand au CIE,tCl quc mcntionn6 a rarticle 15 ci‐ aprё s =1:甑 ∝ s∝ am mc肥 翼 鵬 服 讐 常 W鯖 淵 慧機 翼 (篤 ξ::電 船 I:::鼎 1lf嶽 漁 dc ccs droits ou comme un^sentiment au defaut dc paiclncnt du MINISTtRE DES FINANCES DE CiORCIE ・ ′ ′ ・ ″ ′ 10 ARTICLE 13.- Alfectatlon dca sommes recu6 ptr NATlxts A l'exception du remboursemenl du principal et du paiement d'inldrAs prd!,!s aux articles 5 et I l, toute somme regue par IATIxts dana le cidre de la;res€nte Conventio; de Don et de Pret, notamment en applrcation des anicles 8. l0 et 12, sera affect& de ta maniere suivanle : _ Ｃ 電 ︐ Ｓ - en ddduction Iequel NATIXIS encaissera les ｓ ｃ ｍ ｄ Pour le Don : effectues sur le Don au cours du trimestre civil pendant Pour le PrCt : - en priorit€, au paiement des arriires 6ventuels ; - puis : . soit, aux sommes restanl dues au titre du PrA, en commengant par les echeances de principal les plus lointaines, Ies echeances d'intdrCt dtant recalculdes en con;aluence; , soit en deduction des tirages effectuds sur le Pr€t au cours du irimestre civil pendant lequel NATIxIs encaissera les fonds ; . soit en dauction des tirages effectues sur Ie Prdt au cours des trimestres civils precedents, le ou les tableaux d'amonissement y afferents itant recalculis en consiquence. ARTICLE 14,- Droit aoolicable frangais. - L'ex6cution de la pr6sente Convention de Don et de PrCt est soumise au Droit ARTICLE 15. - Election de domicile Pour l'execution des pr€sentes, domicile est 6lu aux adresses suivantes : - pour NATIXTS : Secrdtariat gendral Direction des Activites Institutionnelles 10, avenue Pierre Mendes-Fraoce 75013 PARrs (Franc€) Adresse postale : SecrAariat gendral Direction des Activites Institutionnelles BP4 75060 PARrs Cedex 02 DC fi.- 11 M̀I :― Tё 16phOnc :+33(0)1 58 192642ノ 2652 TOlecOpic :+33(0)i58192670 ‐pour leヽ 1:NISTЁ RE DES FINANCES DE CЁ oRCIE: 驚I鋭:罰 よ 腔RT留 訊:G .。 驚￨■ hOnc :+99532‐ 2261461 T61 :+99532‐ 2262423 opic Si. au cours de I'annlication de la presente Convention de Don et de pret se posent d'inrerprdration ou'des questions hon risolues 9:,1..1^,:!le.* i; rexre, NArrxts er le n* lllINIsrERE DEs FTNANcEs DF Gfopcri chercheronr dans ,, {p.iiii.-iiili,"rrension mutue e et de bonne volontd. les solutions arJfuuaies par le moyen d,un s-i.ll! e"n-ffi1!'f ;;; ",.*. En cas de drffdrend. les panies concemdes conviennent de nigocier afin de le rigler l'amiable en ar,anr eventueuemenr recorirs ,..p"",ir ii; ;;;;ii;il.ii.l;lg'oi[iiiXt, Hflra#r. i A defaut d,accord. le differend_sera sournis au gouvemement et au souvemement de ra cEoncri qri;e;;d.di;;;';oyliis de la RtpUBLIeUE uppropries po,. re 夕 ´ .´ ′ ′ ●帥 n de Don lせ p"NATttξ ξtttMINISTЁ COnVm.。 RE DES FINANC 苦 ∴ :」電 F∞ Й 即 ew dcs quut aun a6 ″ ′ ′ お ″ ム c説 般胤 騒1撫 i研ロ '1希詐編鳳 /′ JaiSC.lcs dcux textcs taisant V Lf, MINISTiRE DES FINANCES DE GfORCIE au n出 ▼ 潔帯轟 器T憎 &牌 謝 Ue NATIXIs / ´ ア だ「 ANNEXE MODELE DE LEnRE D'INSTRUCT10NS CENERAI ES Messieurs, Un contrat d'u[ montant de..............................EURos (EUR.........) Ie ................... enrrE................., foumisseu a etd r6,rc sisnd frdil. ;i -.................l:::::.,;iil;';A1w C€ contrat relatif e (I,€tudc de. faisabilitd destinee A |,organisation dc starions de montagle) ou (la foumiture de re*ontces ,.crrdqfi eiil'i;itu-tion"'3J de Mestia). linangable dans Ie cadre du protocole ^ontugn. ,;lH?*irilJ "i;,!i,i-,i-ci!iiiis;i;##ffi ;'" ;lL?ijT,5ttr*'#il ;lff I rnfi i; . A la demande de I'achaeur.gdorgien. nous vous prions de bien vouloir proceder Dour note compre au rdsrement direct du foumiiseur"d6a. a"Ji-"i#lii agr€des par le fournisseur frarsais et tt"tta*. gtirij".;r#;;;';;;'i."arri.r! 6 vos services des photocopies des documents contractuels. 四 x∞ nd● o 蹴 闘 ▼ "'iilffi;il# S"L(Donou m)du Tresor francals s̲cttǹdms應 ‖耐 ぃ o lar notrc Convention dc Don et dc Pa du 躍 ¨¨̲ ̲ LE MlNrsTtRE Df,s trNA,\cEs DE GtoRGrE 、 ′、 ′ クだ