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CREDIT NUI\IBER 15I2 C}: (A endmcrl) Agreement Amending Financing Agreement (Src0nd Ersc\\ L{t High$a) ImDro\ ctneol Projcct) behYtco (;EOR(;IA nn(l IT,TER)I,\TtON \L DEVELOP}1EI\T.TSSOCI.,t ION ,^^ flon*#, 6',0* CREDIT NUMBIR {5I2 GE FI;tANCING .A.GREEMENT r- .2- i i...lnenr d3red 7/o ,'e4aber- 6 . l6os. enrered inro ber"e<n ce,,rq:,r liirc Recipient') cnd l\TERNATION.\L DLvELOPMFNI ASSOCIATION WIIEREAS PursLrun] ro a financing rrgrccmcnl drtlcd Deccmbcr :0, ltlo7, bctsc.i Gcorsia ("Rectpienl") and IN l!lRNAflONAt' ( Associ3l,on') (the "Fin3ncins Agreemenf'), Ihc oivrrL.,-,r,vl.xr (,\) ^SiOClAl.l()N Io crtcnd to thc Recipicni, a crcdil rn in A\\ocir(ion has agreed four hundred tlmusand Spetial DrIrin8 Righls million r\cnlvr$o rr'" proiccr describ€d in Schedule I ro thc Fina ',pr.*,,r4*""'"g ' P(iccr') (Credir \o 437i-(;t-). (R) l" he lhe ReripieDl htr\ rcqucstcd the Associalion to Proridc funher addilional I i rn(,n,r \srcc, ent bv an rnr"trln tqui!al rprtirl lirus rrg RrghLs r Sl)R l: !00.0u0t:.rnd (( ) \\'HEREAS rlre Associarion has a-qre€d, on lhe basis inter ulia of thc i'"."Jr.g. i" providc such addrlroncl l,sisrance ro the ReciPr€m upon hc temrs and .o'rdili.rxs sct Ii)nh in lhis ,^gr.tnenl NOW I HEREFORII rhe l'anres hereto hcreb] agree lls lbllows: AR'TICLT I - A IEND}IT:N-I-S TO THE TINANCING ACREENIENT I 0l \niclc I olrhc financins r\grcement is amended to rcad as folldlsi ''l0l ro thc Financing lhe Gent,al Conditions (as dcnned in rlle ^pPndix and this Agreem'rt pan tlrc Financing of xn iDlegral .onslilute -^gr.:,iment) Arrcndinq Agreemcnt I 02. Ur\less the conlc\l r€quires olheflrise the cnPitalizcd ternrs used iI dris ,\grcerncnr hale the meirrin8s ascribed to rhem in th€ Gener'rl Condnions or in I r; Appendix io Lhe Finnncing AgrccrnerrL rs amendcd hcrebv " l0? \€ction:01 ofthe FinarNrn8 Agr.ement isamendcd ro read ns follo\\: ''lOl l-hc Assotiation lgrccs to exlend to lht Rccipienl, on fie terms and condrlions set lbnh or rclencd 10 in this Agreemcnt an amoufl equilalenl to ;hidv Ilvc million 1$o hundred lhousand Sp€cial Dmwirg Righrs (SDR 35 200.000) (!ari(trrslv, "Credit" and FinancinE"); which includcsr (a) an -2oriSinal amount cquital.nt to trventy-two million four hurdnd thousand Spccial Drasins Righrs (SDR :2,400,000) (rhc Inilial Cr.dit); and (b) an additional Jmounl equivalent to lwelve million eight hundred ftousAnd Special Drawin8 Ri8hts iSDR 12,800,0001 (the Additionsl Credit) 10 assist in financing rhe projecr describ€d in Schedule I lo the Financing Agreement." I 0l Section : 06 ofthc Financing Agr€cmenl is amcnded to rced a3 follows: '1.06. Thc principal arnounr ofthc Crcdit sttall b. repaid in accordance wilh repa)menr s.hcdulc scr lbnh in rhe Annex lo rhis Amcnding Agrccmcnl 104. lhe lable undcr paragraph A2 of Section lV of Schcdulc 2 (o *le Financing Agrccnrcd is hcrcby revised as follows: Itritirl Credit Addiliotril Crcdir Allocrrrd Allocaled (erpressed iD sDl{) (€rprcsscd ir SDR) lo bc Finxnccd 22..100.000 [,800.000 700/o Erpendiiurts sc^ices. T(!in;rB operaUug Costs for rhe Project t() r-\l AMotiN'r r05 12,800,000" Schcdrl€ 3 ro lhe Financing Agreemcnl is hcrcby rcviscd as indicatcd in th€ Anncx ro ftis Amending Agreement. r.06. 'l'he title 'Dcflnilio'ls" under lhe Appcodix lo thc Financing Agrecment is hcrcby irncndcd io rrad es follows: _Section l: DelinirioE 107 Sc.tior I: Definirions u d€r thc Appcndix lo the Financing Agreemenl is hcrrby rnended by adding a ncw Sub-section l5 which shall read as follows: ''16 "Amcnding Agrcemcnl" nrcrnt thc agrecmcnt amcndinB thc t'inancrng Agreem.nr bcrwccn ihe Rcc;picnt and lhe Asso.iatioq daled D€cembcr 20. 1007 " I l I l)8. ne!, Secrion Il: Modilications to the Gcncral Condilions is addcd undcr thc Appendix to the Financing AgrEcment to reld as follows: "Scction II: Modificrtiors lo the Ccncrrl Condilions: I scction 3.01(b) is revised rc rcad as follows: ''(b) The Conrmitment Chtrgc shell accrue l'rom dal€ sixty da)'s afier rlle date of thc Financing Agrcemenl ro thE resFctive dates, on which amounls ar€ llilhdra\r,ll by th€ Recipient from thc Financing Account or cancelled. plovided howcver that dre commihcnt chsrge on th. Addilional Credil shall accruc from a dal. sixly (60) dals af,er the datc oflhc Am€nding Agrccm€nt lh. Commrtmcnt Charge ihall accruc at lhe ratc sct as of the Iunc 30 rnrmedialcly prcceding lhc accrual dalc and at such olhcr ratc as nray [te set from rimc to timc rhcrcaftcI pirlsuanr lo lhis Saclion- Thc ratc s€t as ofJune l0 in e3ch ycar 5hall b€ applicd fro'n the ncxt Paymcnt Dete in that year Tlrc Commitment Chargc shall h€ plyeble sc$i.annually in arcars on clch Payment Daie. lhe Commilmenl Charge shltll bc computcd on thc basis of r 160'day rear oflwel!e l0rlay 'nonlhs." 1.09 All orher provisions of th€ Financing Agr€tment shall rcmain ;n full force and erccl- ARTICLE lI - EFFECTIVE DATEi TERMINATION 2.Ol This Amending Agecnlcnt shall nol b€come €ffeclivc until evidence satisfaclory ro the Ass6iation shall have b.€n fumishtd to the Association lhat the execulion and delivery ofthis Amending AgEtmcnt on bchalfoflhc Rccipie have b€en dulv authorized or la fied byall neccssrry 8o!'emmcnlal action. 102 As pan of lhe cvidence io be fumishcd puBuent to Scclion 2-01 of this ArDending Agrctm.nt, llrcre shall be furnished to the Association an opinion or opinions satisfactory to lhe Association of counsel scccplablc to the Associalion sho\ing. on bchalf ot lhe Recipieot, that lhis Amending Agrcement has been duly ruthorized or ralitied by, and execued rnd delivcrrd oD b€half of' lhe Recipient 0nd is leg.lly binding upon dle Rc.ipienr in accordance \rith its lcrms. 201. This Arncnding Agrccmcnt shall comc inlo forcc and cffecr on thc datc upon lvhich the Association sllall dispatch to thc Recipient no(icr of its acceptancc of the evidence rcquired b) Seclion z0l ofthis Amending Ageement 2 I 0.1 ll lhis Amcnding Agrrcrnenl shall r|ot have come into forcc and cffecl by a dale nineq (90) days aficr lhe dale of lhis Amcnding Agre€menL this Amendrng Agre€ment rnd all oblignlions ofthe parlics hercunder shall tcrminatq unlcss the Asiociation eslablislEs a laler darc lbr rh€ purposes of rhis Secrion lf rhis .\rrendrng Agre€menr sllall terminarc undcr rhc pmvisions of lhis S€clion, the Finrrrcing Agrccmmt slnll continu. in full force and rff.r, as ifthis Ancnding Agrtcatcnt fud nol beer) exe.ur€d. lN WITNESS WHEREOF, lhc psflies hcrEto, acting through rheir duly aurhorzcd rcpresenlalives, have crused this Amendirg Agrccmcnt to bc signed ir lh.ir rcrpecti!c nanres in Tbilisi, Georgia, as ofthe day and year firlr abov€ wrilten. (;EOR(;t{ t\ i I N-I-E R:! Authonzed Reprcscnhli !.j A\I --'--q-Aulhorizcd Represcn(alivc 5 ANNEX scHEDt-L[ ] lr(pr\ nrenl Schcdnlc f,,r thc Itriliil Credit PrincipalAinounl of the Credrr repjr]{ble (elprcss€d rs a Percenlage)' On each Fehrmry I5 and Aogusr l5: (ornniencing Iiebruary 15, 2018 loand including Augusr 15.:017 Il. llcprlnrcnt Schedule for the Addilion.rl Credil : Principal AmouDt of the Cr(:dit I I i rcpa)!ble Drlc Prvmenl Duc i tr, e,"t't"u",,,y tS a.a 1,,'1,,,'t | (€rpress.d ss r p€rceltrge) ' n I arsr", rs. :o:s Ir(o((! llscsl!Dr* rhc Idc.n$8. ol rhc pnkrpil arcu of$. Cedrl ro hc FPaid. c\epl brlrA..crrDoxtr,,yorFcn.'tsFC'6purlu.nrloS.criorI0lrblotlh.Genctu.('rJrrunt