„2010 წლის 28 დეკემბერს ხელმოწერილი „საქართველოს და ევროპის საინვესტიციო ბანკს შორის (საქართველო-ვარდნილისა და ენგურის ჰიდროელექტროსადგურების რეაბილიტაციის პროექტი) ფინანსურ ხელშეკრულებაში" ცვლილების შეტანის შესახებ"

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一● 一 一一一 ¨ ■■■ヨ Eu,opB'n!tilkrj't b,nka\ O.r tubp.itr. hv.tu,in$b.61 B.ntturryrr.Hnv6rirt.nr Eq.eal*t r.v6thr.nrb..r Eu@.1.t.t..t!:b'nk ■ Eoro.D.h!.*..rtnl.t nk Eu.or.imilTrdr.(.e vsr*u EuoD.,lrrl.nrhE rr.rjny lrn(o€udr.ud. r.vdlmenro E!'op{nrnnrh..t3'nk 4.n.. !urop..nt d. lne.nrtii Eor6prk. in,.{tna l,r.kr Eroptla rN.ni.il*. ba.r€ BY COuRIER AND EMAIL of Finance of Gα Drgia 16 Go=gasali street. Ministiγ 0114Tbllst Ceorga EXP BEl ‐ EIB 007212 23 DEC 14 4"ar10n,Ererna′ Rerat10ns DepaFment 」U Ops′ CE&ENC〜 νVJ′ EPた V2014‑3781 Llxembourg, 22 December 2014 GEORG:A― Vardn‖ i&Engun Hydio Rehab‖ Ref: (Serapis N。 2000‐ 0079,F125973) "auon PrOlect ′ ／ 33Vθ い Modification No l 輌左 Finance Contract between Georgia (lhe'Borrowgr') and the European lnvestmenl Bank ("ElB") dated 28 December 2010 ('Finance Contract') ″ '21 に Dear Sirs, /2 ふ % 9J6UenL rlJilcc6n6J --_* Capitalised terms used bul not defined in this letter (lhe 'Amendment Lette.") have the meanings given lo them in the Finance Conlracl. We refer to your request to extend the Final Ava‖ ab‖ ity Date ofthe Loan from 15 December 2014 to 15 December 2015. We agroe to amend the Financo Contracl as set out below. '1. Amondment The Finance Contracl is hereby amended, with effect from the Effectiveness Date, as follows: 1.1. in INTERPRETATION AND DEF|N|T|ONS otthe Financ€ Contract, th6 words: 'Fln.l Avaitab lty Date' means 15 Decembor 2014.. are hereby deleted jn their entirety and in lieu thereof the following words are inserledi "Final Availab l,y Date" tueans 15 Decomber 2015.', 1 .2. in hITERPRETAT|ON AND DEFINITIONS ol the Financs Contract, the words: "Spread" means 75 basis @ints pet annum (O.7Spl). are hereby deleted in their entirely and in lieu thereof the toltowing words are inserted: "Sryead" neans 81 basis points pot annum (0.81o/o). r 93 r00, boulevad (onrad Adenauer 1,2950 Luxembourq \ (+:t52)4t79I Q (+152)43 770.t or info@eibo.g lww.eab,org \\lt\ 夕 ι 1.3. ln Schedlle A.1 (TECHNICAL OESCRIPTION) of the Finance Conlract, the words: "Calendat The $oject is scheduled to bo inplon enled by lhe end o12013.' are hereby deleted in their ontirety and :n ligu thereol the following words are insorted: "Calddar The $okct is scheduled to be irnplemented by 30 June 2016.' 1.4. ln Schedule A.2 (PROJECT INFORiIATION TO BE SENT TO THE BANK Al{D iIETHOD OF TRANSMISSION) of the Finance Conl,ract, the paragraph 4 is heroby doteted in its ontirety and in lieu thereof the following words are inserled : '4. lnfo.mation on tho end ot wat*s aN fitst vear of otEntion Tho Bonowet shall delivet to the Bank tl'6 tollowhE infomatbn on projact completion aN initial operation at lhe latest by the deadline indicdtod below, Oocument / information Date of delivery to the Bank Project Completion Report, includangl A brief desciplion of the technical charccletistics ol the prcject as complaled, explaining the rcasons lor any significanl 15 monlhs aflet projoct completion change; Tha date ot compldtion of each ot tlr€ main Nohct's componehts, explaining rcasons fot any possible delay: The linal cost ol lhe prcjocl oxplaining reasons for any possib/e cosl,ncreases vs. inihal budgeted cost: Operalional data of lhe Enguli and Vardnili 1 plants and reluftishad lurbinos, on fionthly basis. Quanlilies ol spilled water on monlhly basis. Desdiplion of any unavailability. Calculatbn of incroased eneqy production due Io lhe pAectThe numbq ot new jobs croatod by lhe project: both jobs during implementation and petmanent rcw jobs created; A descriplbn of any major issue with envhonmental ot social inpacls. Updale on prccuremenl and lhe main conlQcts, and copbs of any contrcct amendmenls. Copies of lhe provisional ot linal acceplance cedilicales ol lhe main conlracts: Update on lhe energy sales lrofi Engui and Vatdnili 1. Conlractual countorparts and amounts. Electicity that has been delivercd to coorgia (Abkhazian poiion showod separately), electricity thal has bo6n expotlod. Pices. Any significant issu6 thal has occurred and any sklnilicant isk that may affacl the ptukct's operction; Any legal action concening lho prcjecl that may be ongoing_ Any envianmental, socialot polilical dispute thal is onaoino_ Lanquaqe oI teports Enalish Fo. avokjance of doubt. all other p.ovisions of the Finance Contract: (a) (b) remain in fullforc€ and effecl and valid; and apply, withoul any reseNations, waivers or limitations despite th€ amendmenls set out herein. 2 O,L 2. Gene.al This Amendment Letter shall be governed and consfued in accordanc€ with English law. The pmvisions of Article 1 1.01 lcovening Lawl and Arlicle 1 1.02 (Jurisdiction\ oI the Finance Contract are hereby incorporaled into, and made a parl of, this Amendment Letter as if fully contained horein, mrlalrs mulandrs and (withoul prejudice to the generality thereof) as if reference lherein to "this Contract'were to 'this Amendment Lelter'. A person who is not a party to this Amendment Lettor has no right under the Contracts (Rights ot Third Padies) Act 1 999 to enforce or to enjoy tho ben€llt of any term ol this Amendmenl Letter. Notwithslanding anylhing herein to lhe contrary, nothing in this Amendment Lener or in the agreemenl constifuted by ihe Bonoweds acceptance of it constitutes a waiver, rcnunciation or other modmcation of any immunities, privileges or exemptions of the Bank. No consents, waive6 or amendments are given under this Amendment Letter in respect of any breach of, or default (howsoever defined) under the Finance Contract which might result from any other circumstance at any lime other than in respect ofthe lssues as specmcally set out herein. The agreement of the parties contained in lhis Amendment Letter shall only apply to the matters specmcally refe.red to herein. Such agrcement shall be without prejudic€ to any rights which the Bank ot the Bonowea may now or hercafter have in relation lo any other circumstances or matters olher than lha issues as specifically referred to herein (and whether subsisting on the dale hereof or olherwise). No amendmentfees will be charged by the Bank for the aforemenlroned proposed change. Please indicale your agreement to th€ above by initialling tirst and second page of this Amendment Lelter, and signing and dating each of the fou. originals of this Amendment Letter' Please then arrange for the return oI alltwo duly sioned originab to the Bank by regist€red mailor courier, togelher with copies of the signing authorities of those persons signing on behalf of the Bonower and evidonce thal this Amendment Letter has been duly ratified by tho Parliament of Georgia, marked for the attention of l\,,1r Garth Grisbrook. The amendments set out in this Amendment LetGr shall become effective on the dale (the 'Effectiveness Dat6') the Bank notifies you :n wriiing that il has received such duly signed originals and associated evidence. Yours f.lhful y, EUROPEANINVESTMENT BANK ar K\aJrur i Titl6: Hinisler oJ Fir\a.neL er, l,o ltl Date: 30 DeccmL

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fl{.25.973 (cE} S...pb ta.2OO6{079 GEORGIA - Vardnili & Enguri Hydro Rehabititation project Financa Contract Georgla and the European lnvestmant Bank Tbttixi, )../ I it,. zoto Luxembourg,28. 1?. 2010 THIS CONnAC7疇 Lへ DEDEmE‖ : ●∞ rgIB蜀 ouShお Mh Ⅲ Of Fnance 16 "ぃ Go● asa1 3● ‐ Tb ls' 0114 い rOla repr‐ nte● ￨ソ 師 a Baindll"闘 詢■I Minに 崚v。 (Fina7p (the.̀Bo― er.) ol h€ lllst parl and The Europan hvasttEnt BanI haying ils E-t .r 9&1m bhrd tGlll-ad Ad€naslr, bllrSoirrg. 1,2050 turlntour!. rlr.e.rbd 5y ilr. C . Cortese, Di rector, and llr . E. Binder, Head of Division, (ra "B.nf ) ol lh€ &cond parl u山 以ヘ WHEREAS: (1) Ttt€ Bo.ros.r 165 stat.d Ulal tt Engu .siLLC (herG.ltrr tr.'Fln lB.n ltcLry'), tulty ofln€d by he Bonot.er, 6 und€rEhng a p.qcd. Fond.d by tE l{'nlrty of Ennty ol Gcotgls (h.rGartsr flc 'Pmnlot /) cond.Ung ol (a) the Ehabifinii, oftwo I! ldual gEn.lall,r unrts (no. 1 aM 5) of lhe Enguri Hydro Po!r,!r Pbnl ('HPP) and (b) hv6tr.n8 a t\€ vad.ili HPP b .lqui€d guaranlas *tle w€br cascado located dsrmlleam ot tn€ Enguri !|pP evacuelon bv.nls tha gacr S.!, a3 moro D.rti:rl.dy dtsctlEd D thG techni.l d€.crit llon (ihe T.chnb.l O..cnPtror") rol out in Sdtedub A {Ur. "Prol.ct'). - - (2) Al Proicd .pprabal, Ul. lotal cort ot ir€ Proix ha. b€.n oatrnatcd by lhc Bank lo b€ EUR 47,0m.m0 (h.ty sa€n nilion eu,o6) and extefial fnancing ol $o Prar.rl will come iom tne lDllorirE !ou!r..i Sourca Amou Crcdrt from fle Bank 20● 00000 Cr.dit nom he EBRD 20000000 Granl lrom NIF う00● ̀000 (Eu") ln oder b tulfl the linanclng ,Ln s€t ou in RGciEl (2), tllo Eonowar has rcqucsEd from tho 8.nk a cradil €qsivalc'nt b EUR 20.000.m0 (tw€rity milllon curos). (4) Tt€ Bank. co8idering il'la| the inanchg ot tn. Ploi*, fall3 withi]l ine lcor€ of rts tunclicns, 3nd having ragard b lhe slalsfiEnts snd lacL dled in h€3€ Rcdiels, ha! .Lclded to giw cffac.t to the Bo.rower's rcqu€st provrding to it a cJedlt ln an afipl]nl Gqullal€nt lo EUR 20,0m,000 (rwenty million eur6) under his Fhance Cont'&t {$,l9'Contra.f)l p(oviLd thal [E amounl of the EanI lo.. ihall nol. in .ny c5.. o(c€€d 50* (6tty p.r cen0 ol tE Halco3l ot tre PKiect. 一 〇 An appli=lior to lhe Nerghborrhood lnr,€6trFit Facjrry (hlaaltsr' lF) ha3 brln ftade ,or a grat br ttr. Pnleca T}l3 B@d of tle NelnDoolhood lnv.airidrt F&ility h.a. on 2 July 2010, .pt{ov.d grani h th! .rrMl of totel EUR s.mo,(m 6vc niliod auros) tur Tecinical (EUR 1,000.m0).nd hvlstrl.nB (EUR.,0o0,0oo). Fud.r. the B.n( EgRo end ^.srjt3,E€ u]c Cornmssion hav. (a).nt€..d into dle'Coop€6ti.n wnm the t'.rE ork ol th. fle8hboumood lnvlstrnrnl Facjliy lrsrnoti/ork a9rcem6t in trcc as ot 21 December 2009 (lho 'NlF Fr.m.ro* &ncm.nf) and (b) will enbr htc an ,mpl€,nentetion aor€enEnt selltng oul lhe tem}s and condidorts 0f @paratbn wiuin h! tanEworl( ot thc NIF llcr ua FJrposcs 0t impbrEntstjon of tuir rep.ctve lharEmg aoleerlenb aoo.nxed wih tic Eonowe, (lhe 'lmdent.Irtrdon Agr..6rnf end b!€lher wl$ lha NIF Frrnb&rt ,€rcelEnt and any other r€bvant slr6€nEots. the lF Docurimt tton) The Brk, ESRD and tl€ Comrnasioo heve agrE€d thd E8RO will aci as bad fin.rt inst({'Itiar in conn€dbn wih tl€ cooperatbn m lhg ' Prcjecl puBuant lro he NIF OocuoEn6on. ＾ ０ on 21 June 2m7, he 8onfier and the Bank sioned a Fra,r€wofi Agr€emenl goveming lrre BanLs acljvit-ls in G.o.gb (heea1trel returred lo as h6 'Fr.rrso* Agr..m.rii') *+'ich cont ru€s b be h tull blte ahd efilct thmughou! Rl€ libbme ofthls Cofttact (7) On 04 Mver66 2010 tne Bonoi/cl contrm6d Erame*ork Agreeh€nt tlt th. Pt(*!.l hlb within lhe s.ope o, tho The Sonor€r has .uthoriss, Ule bofifirng ol lhe sum ol EUR 20,000.000 (lwanty milion €urds) epresed;d by thb crEdit on dle te.nls .nd conditona sel out in [is Conlracl The Minisler of Flnance of G€oQia ls duly euthonsed to shn ttis coiract lU and on b€half ot A.cordlng lo CounciUEP O€{6bn 63&?009 on graniiog a CommJnity gu3rantee !c lie Bank against aB losses under loais and losn guarante6 tir prol€cls oo$dc lh€ Communily and lie agrccriant oitaned inio b€tv/c€n lhe European Colrlrnblbn ind h! Bank i.iplemontjng such d;clron ($6 'Go.'lnt Agr..msf). in he aveni of noltreyrErt tha CommLhity. by a gll3rentee. covers all Fyr€nls not cceiv€d Dy the Bar* s,ld dlc b it in rehion lo he Banr6 finEnong opcr.tbns enEred into with. hler a/is, he Bonower (i1c 'EC Guar.ntc.) . 3M 浙 {11) fte Stat c of tl! Baa* p.orrjd.3 t\st ti. Btnk she ensuo fiat it ,lJnds ,rc u!.d a3 rEtjonelty a3 possrbl6 in tho rilcr6sb of tro Coirnuniryi ard, €ccodt"Sli U,i &nk! toen m..,st oc consisen *,for reravani itrr..lr-",ty oprdto Cr"6l"i-i;;;;;r" -' il;. '- " -* '' ' (1?, ft6 Final 8.n.fo.ry, the ftomot'l and th6 B:nt hav..In.red rhiD a po,ecl .gr.€.rEnt on or aboot tn! date her€o{ tor h€ pu'pos€6 or mpt rpnrrlon u,,j i'iiii,r-df .priiira AOrftltxit). "r (13) The EBXO has, on 29 Jun6 2OiO 3tgned s,l .gl!€irErt with the Bonore, (hereaii.r lctn€d b as he 'EBRD a'n od.d r,,a errrra Lorri . toan B har a,rpunr or up b EUR2o.mo,m6 t*."V i"sr"-iii,iir "t ii..'ii,,iiJi"a 'n uto proiEd (uE EBRDro.d) a;d turrre,, fte dERD h;s. 6nA lirniiriiiiii,]i lr:ngns oqoq Arnaloeo orx, Re.tat!6 proEr Agrc€rncnt wllh h! FrEt Bcnlth€ry ft De " mpenEnraio.r ot ute p'oFd tsrar.agie€"eni am the ia-RO _ --Agre€rE logetner uE'EBRD Lo.n_tio.u .nt ddn'). : -_*-'* (14) EIB con3jdolB tlal aaa€ss lo rnbnrElion pEys an ess.ntBt .ot€ in tio ,educton ol sdet ,rskB, nctrrotng tu:irai ngrrt !4otatoru. l,,*; ;;;;;; ,t -.!Ilolnyg.-d nnancea. ErE hrri hclefo(e 6!(,6[rn!d iB TrEGpecncy potcl, tra tnpoee or wtrkii ig to enhance t l€ accountariw of thc ElB Glbup to.,ird! is'3;t fid;'fi thc Eu ;;tr; ,n gen€rar. by gkiog 6cc6sa to ihr lnhrrBton fiat wil .iaur tlrc, o g*;".*, sE !sgy, policirlr, .c5noca end pr.dce.. ""'o".LJn, (15) Rebrenca! an $b Contr.t to Ar6d6, R6qtalB Sch€dul!5 and Anne$s ae. save exotEdy stipulaed otn.r$s., rebrcncer ,esFcr,vory to atuoo" of *h.d;b;; #;;;" to his Cffr.ct "nO,*it"t". (16) ln h6 Cont"ct 'Accapbncc Ocadllna" lb. a noti> [Eens. esr-;.ii a;t il 'iHffil -#A ii ;i;;c lil;#di;, {D 16h00 -Lur.rhbou,! hT A Ur. o"V ot dclvary, nnc notco is delv€.6d by 14hot) Lux6rnlEurg tifiE dr a gusrE36 Osy; o{ (li) 11h00 L'rxehbouB tino on tio n€n bbwlng day vrnEi B a Busnlss Oay, d the noDc? is d€l,vcred afid l.hoo LurcriDouE lnrle oriny iL:cn oay or rs oelroreo;; ;"y ;; ls not a 8usin€!,s oay " "Accspbd Trafth., rrlalE a Tr!,E lc ir llsp€d of a DlrhrrE.rnilrl Ofi6r har baen dut accar,t d by-. thc Boflox/rr in scaordrnco wth iE lcfil. m Or Ucforu frcwhtn OisUrrsemnr Accapbncc O€dlirE. .aurh-r. n. D.y" .rE day (o0d dlan a Senrday o. Smday) on wr*;h t\6 Bank ard co,ni'illrdal bankg eae open lb. gcnffrt fusin8s in tuxemtolrg. " "Chan0e-ot-Contsal Ev.rf, hls h. nEaning eiven lo I in Anjde 4 O3Al3) 'Ctang.-ot-L.w Evcnf. has he meaning gjv€n !o it In Anjcb 4.03A{4) "Cantr.cl,, has h€ rnearing givefi t' it in Rc<jht (4). "Cr.dif' h.s the n€aning g,v6n b it in Artidc LO 1 . "Dbburt fialti Acaarianca,r nEana a copv of 0ro Dbburlsrbnl OltEr du, coonleG{r1€d by h€ Eoraor/e.. "D_bbu[arn..n AccrptanCa O.adllna- ,reans tie (bte and U.rE of etpiry ol Otler as sp€clfiCd thercin a Dtsburs€fttnt "Ohbur.ttn nt Ot af, rrl.6ns a t6iar sub6ianlally in ha tdm .d out in Schedule C "Envimnnnnf' r1ean! tta bIowrlg, ln so hr s3 rley sjtrcl human wdl-Dsino: tal huna and flord: {D) so . ftLter. air. cumab and $a bn(!.ape, and (c) oltjrat lerttai ina Ue' 'trin' envirsnnErn.nd inctudc. o.arralbn€tiealtrr !r. sirtty.idi# ft"t d,Jtoolt nEnvirofirrr|it Lrr' ,rta.ls "fi;. EU taxb $o e{ent adopbd by tho h,r/s ot Grorcta o. specfied by h€ Bank prior !c the dste ot rh€ Conlract .nd G€orpran ta*s anO k,raron * *ell a! .ppricaltc ,ntornatiffar rrEet6, ot whch a p;noos, "atAr,at rn"-ir"*""0"i, p'olEclion or mproveryEnt ot t l€ EnvroinEnl "Ot"<l"i-" "E|RIBOR" ha th€ npaning givcn to it in Sctudulo B. ,'Fln.l Aval.btltly D:t i ,rteahs 15 Dccerb.r 2014. 1 lL ] ° y m mnua nterest 酬 闘駆 翻 品 『朧 滝 L燎攪t議撃 ・ は百 亀 蹴 肥 落』 ∬ 為 騒‰軍 規謝 :肥喘 『篭勲 F●81i」 :ξ iキ :ユlli11lri」 :ia99ntearЮ u" α Tranch6 dに b60d「 m ume b l鴨 merket DIBru口 JOn● v● 鵡 'h39い o meantn9 9:ven 10 tinハ any seal muel 16B "mmnS・ e嬌 torsOe c"… Ⅲ し Oa了 口ndo 3peC ̀̀Propayment AmounF.meansぃ e amOunt oF a Tranche b be pre aα b nk けprOV」 Od by ule Do‐‐ ■ぃc PЮn 11171° 蠍 by¨ ● by the● 。rOttr in an∞ Ⅲい Artc e 4 02A pl酬 引露織欄服 皐 :鶴翼 耐評洲mipaソ h鷺 d puに 。3"b me嗜 o3● on Wh鰤 he BOm婿 脇:常緊洲 瑞蹄:総Ъ 理 器編灘蹴 職認1綿脳檄 ° lい 'PR"eCr'has the meaning l〜 en to tin R‑1(1) 難 M轄 :枷 ̀̀R● :]憲 1131計 プ'囀 嗜 翻 脚 饉 聯 a dayい にh崚 ab■ nes■ ソ詢 ¨ h9""TAROET2 !̲nt in‐ ●ank Rat● ''meansi cuRIBOR :漱 溜γ 8麗獅』 謙駕誕1"8:he daに "whぃ aT口 留響寄 ecul品 ̀鰤 edu国 o 朧専':昭Tei%避胞]:し lm謝 鳳 ∫ 掛島:寝 器嶋 =篇 ̀Spmad''嘔 ans 71 basに pOints per annum(o75%) ・ Techn■ :o03● 市却 oo..has the mean● 99"en o lin Rmtal(1, ¨n3 ● ¨曝̲t̲eα o 田 underい 、ぃⅢⅢ 趣願 d "a noaln・ ∴ 劇 NOW THEREFORE RS heに by agreed as lktts ¨ ル 餞 RNCLE crrdhrd dbllrtt.mdtt ' 1.01 Arhount., Cr..l|t 1.OZ 8y fiis Cootsaal tha Eont a&Ub&! ln hvlur ot hr goo,oIrr. arrd 0t€ BorrowE sccs9ts, rh. c'!d[ h sn a.rn.,rr equiv]cnt to EUR 2o,omooo- (tweot-iili"i,riirTiL lrlen rig d m! proFcl (d!6 .brtdn. DLlu'.arn m orbcadura 1.02A l'.ncts The Bank shdt dilbulsa th! CEdh in up to 10 (ten) Tranarl.a_ The amount ol each Trahde, It not b€ing hc uftdram bstanc€ of drc Cnd,t sf," D. fn ,r,rni.r,_ irJ,rii or EUR 2,000.000 (two millon a,rcs) " l 02B OL!o....tt.d Otl', Frc.n li'l€ tolir,llc up to lS (ti{b.o) d6ys bcto.E lh6 Frtat Avjhbdity DaE st tho Borrov€rs th. Bank rhafi ..nd to $. B;rDil€. a DbblB..ndri or"i dr" iiii,J-Iii'a 'oqu€.t e Trancn6. Thc Obloll.flt'n olbr ahdt !p.cir: {a) tie atbunt ot he Tr.n r€: (b) the Schoduled obbuG..r,Dr( OaE. wtidt 6hal b6 e R€l€yrlt Busn€a. Dey. lbtrino te€st r 5 (fiben) dsy3 ell.r lhe ddc ot the D6bu6.me;i Cxler;d; ;; ;#,t; FiEIAva abil,rty Date: (c) ti. aotdlst rab b6i. of the Tr.ndE: (d) UE inb.6l pey.r.nt Frbdjdt), tbr th. TrarEJa. in 6rdanc! wth tlle p.ovisions Artida 3.01: :l ot (c) th. nllt Peylll.rt Orb tbr 0l. Tr.rdlg: (0 the.Eflns b-r.lepeylrl.nt oa p.inolEt Io. th. Trancie, m eccqdrEe wih t € provisiorB ofArdcte /r 0t: (g) be ti,st and b.t repeynEnt 6abs ot Fin.jpatfu th€ Tranch6; (h) h6 Sp.rrd, apttcabb ,J.iit tno Marrrity Oebi end (i) trt6 ObbursefiE .tacclaarEa Oea.Ii,le_ 1-O2C DbbuB.mlntAcc.ponc. The BonErer ln y ac.ept e DisburslrEnr Oibr by detverinq A.Etotar to h. Eenk no Eiat rE dtc obbu.senEnr d:lpta,*" ireajft.-;;;d;;; ,@pbnc. shati ts ao.npsnisd: a D|6burs€rrent (a) by^tna I8AN codo (or 4rp.oprbE 1bm€t in linc wtdt tocat banhrE D6.tce) and swFT ErrrJ or u6 a@oud b wni$ di3bur!€[Ent of hs Trancna rhood ba made in accodance rih L(no; and (b) by aridence of ^Iljcb !16 auttdrty o, h. persd or pankns suho.E d b Eion the L,EDurlartnt Acclgbnc. and u. lFonEn sbnstul! ot sud pcrson or porsoi,a. ll a Obbuls6fiant Ollbr ii duty ac.eptld Dy he Borrorc, in accoftt nc6 wtn iB tsrms oo or EArOre ult [rBDursErrEnt Accapbnce oladtine, lha gank shrl nEl! tha Acaaotrd TrarEh. avaibbt€ to the Bdr.ir€r rn accont n e wih tle et€vanr osou,tensrt l an1 r,rtiJ b $.e ternB and condnkr.E ot ulis Cont-.ct The Eonor6r shal be dalrnad b iava Gfuscd any Disbt sarl! lt Ofiq whirl has not Ben oury accapEd accordance wih ns Ern!3 m or baroG th€ D6D{irs€rnent Accegt ne Ooadlilc. o h 7し 馘 1020 Dbbu6smnt Accoolrt Oigborsement shetl be nrad6 to tle account set up pittb b6 foas!ry ot the goar6.,3, br lha p'ipo3€! ol disDurss,r,onls undsr tiis Conracr a! Ute eono"er ir Ol€ promoterinil '03 104 104A lotiry h Midng b tne Sant rbt tet6r tian !5 (fitb6i) days Uetore rre SiiiJureo oiibq.scflEnt Oate (win IBAN cod! or with tlr approi iat!' tbrln l in lin. *iu, ;l Sudr actoulrt shalr b€ sapard. fioril a"V otei aira.^s. irota Paltllog .practjc.).. hoopeodenly ard repardHy (hrr apprDprbtety lakhg ino co.E6.raton otr.r oroitect rEr,lrld cash iowl) and the sEtjs of rhtch shall Da maintaned throuomirt ;e impl€.nentdjon or iio plo,s.t (sucn accou.r tacatt.J r,e .p.olra rrcc'Jnii-frri BoflorGr aci(nor{edgts tlat p€FEob to slJdl &aorml shal cor;lrn b Oi$r:ajmenS uhd.r tAb Contad s ir thc, hod b!6n rnadc b lh. Bonorrds or,n b * -&u^r Only ona account rnsy be lp&.ffed br 6ach Tranch€. Cur'!ncv otdbhu?!m.ni Oisbrrsrmelll ot c&h Tancho shdt b. ni.de in EUB. Condruoit ol dbbur.nrfit FlEtTrinch! Thc disbursern€nt of the first Tra.lcIE undcr tutjirtc 1.O2 b conditional upon rccetpi Dy th6 Bank |n tom and sutrstdEe 53!6tacbr) to on or bcloro oule iattrno Z (savon) B{Jsine3s }ays bdtorc $e Schedut€d Dtstuls nlenr Oae. Ure toroi,ng ( doarrneflta or 6vir.nc. te d (.) a lcgal opinion ltsuld by lhe M'nilny ot "trrlt a ot !h. Borrowd in EnoBh hnouao. on tio due cxerrlon or gE Conract by hs Bonrwer and UE vdidiy:cobrc€;bl-hy end b,ndlng r.6ture her€ot. Soci opnDn siafl bo acEepbDh in brm a;d 3ubsranc€ t; the Sank and s,E[ b6 3upportld by h6 r6tav3nt docu;aB evUenchg Ul€ Bonowcr s euhoailY to efilea hb the Cont-dc1 as lrBl as arrderEe o, due ,atjfcaton ot hrs Cont-ad rn acaorgarEa with tre appttcable tar3 of GeoQis; (b) a l6gal oplnion irsued by (i)Ue Mn'sty ot Jusdce tor tro promotgr and (ii)by rI€ F'nei Benefcbry satj!f,ado.y ro U€ Sant co.tfBirE ,l,t Ure eropcr r6reeinivri rrar bcei ddy au0tori.€d, .Ioned and ddiv.rud tor arl(, c.r beh.lt il tE Frorme, erd tr€ Frr€l Blneftiery and cons0tut s vatii .nd bgalty tinding obtigBtion! o, fio PlofiDte. and fie Fin t Bensfrcjary, enforc.abte in eionaance wii, ,ts tirrnst (c) eviJen.! n tie Engllsh lan$rage of tne ,o*€rs of f,arha Baindurashviti. Mininer ot Finslce to s€n thii conE?d on b.haI of he Bor.owai {d) evdence in the €nAlbh la,lguag! ot ule poweE ot th6 p€.son Epres.nting Ue Mhisry of EneBy ol G€6gb and ths Dr€dor of he FnEl Bcnoftiary b sE; U. Pmject &,6erunt o^ b.t|ai ot tho pomoter .nd 0E Final ecncrcirry. rispca;vit1,: (e) conftrBtion tE! aI n@56ary conssnts. auhorbatbos. rhhts ot way, ticencB or appovab of governmenbt or pubtic bodh3 or autio.itiG r.quitEd in c;nnedion wih his Conhad and the Projed hev6 b€en rEceivod end ,l.t th. Finet 86nsncjary shal, lo ttre satishclhn of the 8an( have be.h gn/.n thc n€c6!.ary .uthoiiy and pori€rs !, opcrate tl'€ Proic\cli (f) eviience thal no archailge control consonts arE n.c.s..ry b p€hil hs Sonower b receivo dbblE€.r1chts as pmdded tn this Conbrd !o rcpsy thc cfisbursed Tranchss (a3 relercd tD ir Artd! 2.01) and b pey inbr.st and.I oth!. srnounts due h6rElrd.t in irdin{l UE opanlng and rnajnEnance of acaarnB tD whici he Etono$o. dirEd thc Bant to dBbu6c $r Crldit (g) evldence ol paymeit of 0t. ultront fee jn fu purElrent to Arti.le 1.09i (h) avuence th3l an on-]ending alle€rrE nes bean conctuded Detwe€n the Bofior€r, the PronEter and ihe Final 8€nefcbry to tte sa#ion of thc Banki (r) eydencc ulal a poject irnpleoentetlon un( !. t'6 6stab[6h€d and opeEted by fie 0) PlonEler andor the Fin6l Beneficjaay in ordrr b coodlnat6, filanage, moflltor and cval€t aJl asFcls ol Foted irnpldr€nbtion (h6.aatbr 'Plt '), as provided tor in ArfcJ6 6-09 has bsn .6d[shed and beanle op€ratioml .vir6hc€ of eabblbhl.g o wliden. tomBJ Pro,ect lfiplenDntaticn ptan (hsreafrer 'PlP') in rccordence wlfl the plorislom of Anjck 6 10; 8 砂 腸∩ 6rdenc€ ol lha canplst on ot $c rirl asr..srant stJdy in tira wfi Ardde 6.06. p.br b dhbultslrlnt aid pdr to th6 si.rt ot *o*! s. {idt ss cvirence h.t thc ;.m salety .sr.3!.tEnt 6tb.nd b in Anjcb A.O7 b mpL .nt d plbr ro llrt ditb.JE ptur to tic lEn ot tlE .Oniray *o,t!: fu ,d 0) ;nt evidence that l,lc EBRO t6n CloGliEnirtih has be€n Outy er..rrbd end daliv€rad a|d an cohdltirE prGdant io ih6ir .flbdiv!.tcs! havG bocn fd6[€d o, raivad: and (m) evirence ull hr Pr+ct A@rjt hrs bG€fl ostaHEhad. 1.018 All Tanchr. Th6 dirtuG.fi.nt of e&h Trarlcie und.I Ar0ilc r.(2. hcludin, h. ilEt b coMitionst (a) rec€i9t by the Bank in trm snd subctanc€ ladshdory io ( on or beioc lh. det. hlling 7 (scv6n) Busin as Osys behr€ t|€ Sdt.autd, Disburs.rErt O.E tor he pmposcd Trandta, of t,le ldlo*lno docurpnB or 6{ileic6: 0 a corUfc.b liom ir Borowlr tn rhc tom of Schaduh C.2i (0 eviren . of h€ suthodt oI thc p..!o|l or F,Grlolr! authoftr€d b rjgn Dh!uB..n nt Ac.Ept nc. .id th. artt ntjcstld rp.drun slgnatrr! o,.uah pa,ron or pqsoos; (ll) a copy ol any dier authorisatbn of other d@firn! oginlon oa slso€nca whi, he gail ha! ndlied b6 Boaror€, Lr ncccssary or dali€bl€ h aonnrction wih th€ ent y into arld parlbarmncs ot, rid fta fensctotl3 conErtated by, tro ConElct o. ths re.rjCity or th. valldit .nd .nilrar.titity otth.3€(rEi (iv) erlrcnca drnb,lrirdjns hat lutoriltg d6r,nonn ol thc llb,rs Tra.lcllc, th. aogtclats tnount ol c€dlt dlawfl down wtfl not c,caad tia eggrlgrta c4andit r! cor{r.ctatty commnrd by fl. Ftn t B6n6idary .nd hcun d or lcheduLd !o ba ino,ild wlrlh I moitL! fiun ho dnn irowfl of thr r.tcvan! Tr.ncir in rGpect o, tha Proloct (n6t c, bx63 and dut6 pofabt€ tn G.o.oia) (in bblg torm tc b6 For,ir.d by Ul6 B.ak); {9 connmtbn 0Bt thc EC Gu.rantc. I vald, bhding .nd cntbrceeb}a and that no rr€nb oa cjr(rinBbrEe! havs Gurrsd *iich corJld, io tho odnion ol 'rrsonabh tle 8€nk, sdyeGeiy dbd trc L0at, yslir. tindhg srd Gnbrce.bte naturc ot ih€ EC GuaIanb8 or ih€ Banft ight to rEke s damand thclrun&I (vi) confdiaton hrt thc Fr6rn ort AO,*ns{ is vatid, UndlrE 6n<, cn orcoaua and hat no evenb or cilqJnElaricos hav6 occurcd *t ch colrld, in thc roasonaue op,nhn ot $e &n& advers€ly afftd he tegal, vafu. brndlng end enbrc€ebto naru.. ol th. Frarnevo.r agrar€nt and (b) rhat on the sclEduled Dbbu6.ment oala to( Ule propG€d Tr.ncne: {i) the rrpr!3.n6ti$s and wsr.nli!. wi*:h arc llp.dld puBuart to Adkt. 613 are corud h all iespacb: dtd (ii) no .vont or ciuJnld..lce whbh consttJEs or ltluld vith ttle passag! ot lirno or gMng ot notjc! undcr hb Cmtrad con3tttub an avrnt ot dolEull unde. Adlcb 10.01 or a pr6paydDnl.vdrt und.r Artirc 4.0(l has o.anntd end is cor{inuing undEdicd or rrn*aivld q would ..3uli frDm OE pEpoq6., T.s.cnc. t).t! l.nt ot dhbu?..nrent 1.05 105A Ground3 for d.r.rm.rn Upon tho writtan Equ6.t of $6 Eonow€r. th8 8an* sllall d.lb. 0lo dishrllom€irt o, sny Ac.apbd lr3nde ln wholg or in F€rt lo s dd6 sp.cilLd by he Eoflower bcing a dote hlling rDt laEr than 6 (sax) dpnths fo.n iB Sdrodlbd Disbunarslt Date. ln s{rch ca!r. the Bonower .h3ll p.y in€ dcbrrl.nl ind!lr!)l9 a. deE n*Ed plJ'3uent to Arl,cle 1 058 Any request tor delbmed shnll have efbq in rcsped ol a Tmncne only il it 6 rnade al least 5 (live) Businets oals befo.B rE Scnedule{ Djsburserypr[ ].1e. 艘 ﹂ Vwk\ I any ol thc condoo.rs rc:fan d b ,n Arlde 1 ort ts mt fufltcd as at u|c spocrf€d c,.ta 5nd ai6. s.iedlr.rt Ditburs.flrent oetr.. ..d h€ Bsnk b or h! oprr;; saE!r.d. dlrDuralne{ wiI be dcilrrad lo s d& Ecrecd betr/€ci Gii;n-;;; Borcw.r tldnry not .rt6r tran i (rrv.) Budncas daF iod;; ulc B.n* an, th; ur;-tufi;Lm';';i co.dilona ot dBbl,rtarEnt 1058 O.ilnnanr ind.mnf, ll-Ule dishrs€trbnt of any Acaa.IlEd Trande b delbrcd, $eher al fE r€quest of th6 uonoirer or by r€6on ot nofl.tufiflh.rr ot th! conditon! ot ;;-B;; ,f: t'll:"d by he_8ank pay an ind.{nniy on hodbbuE;;;. arDu or disDlrB€m€ni :l1 0€l3 r€d. suctt tMrmniiy shatr acatue fom tl€ Sartaduled Olrbu6arDant Dab to ha acluJ drsDuGol'lenr 4lb o.. ,r3 016 cas. nEry D.. untl rh. dat ii.iiill r..nci€ n ,E odanc. wft thi. ConE.ct at. r.b 6qu.l b Rt "l -r*rrijiiiJl ,inu! R2 *h.r€: "Rln liEans ttr ab ot irts r.il fist r,qrtd ha€ .ppLd tto.n til'b b tilE prrBrait to artide 3.0.t .M. if Ole T€ncrc trao oiijl otturseo ; oisbursanEnr h.: 5nd th"'S;i"d;l; "Rjl" nEans th6 Rdcyant lntebank Reb less 0 125% (12.S basis poinls): provaded $at lor th6 pueos€ ot d.r€.mn,ng th. Reh\rlit hErbant Rab i, ;;btD; [o ,h"-;;; 1O5, tle EEva D.rtod! proy'(bd hr h Sd.dl{s B sha/r oc or 1 (one) nb. h codvr3idno on rhc Sch.dut d Oisbu'3..rrnt ",l...".r. Oab *ria. Fudlenrbrq the in&rryltty: (a) it ths deGrnent c)(cocd3 ona (i) rnoith in duralhn. strll @rue at he end nboth: olel/€ry (b) shdl b. calculrr.d u3ing the dsy count coovention apprrcabte to Ri: (c) rhe.! R2 c!.!Gdr Rt, shafl bG set at z!rc: and 105C {d) shrll be pay3bL ln acoo.dafte *t0t AlUcL .t.io. Cancauauon ot dLburaac.ot thhrrrd by ! {ah) nront r. Th€ B.nr nay, by notico in wrnhg to th6 aorr*er, csnc.l e (Gburs€.ient (bllqiaal r]nder Arocta t.05 by r,ii:h h€s bo., I'u! l'|an 6 (Eir) mq$ls h erEoat!. -- - lre canccltea ar}ount 6m[ remain ayallab{€ h. dllburs6fEnt under Artjcb 1 02 106 Cancallitlor and aoaldrrlon 106A Bonow./. right to c.nc.t Tne 8o.ro,/er fil5y ,t eoy ErrE by nottc. in wddrE to hG Bant .anc.t, rn ,iDh or m Dsl and wlul imm.djab ci€ct ,le uadrDurs€d po.tbn ol OE Crrdt Ho*!va., he noti:e .t m A.E pEd Tls Enr wni, hls a S.rrcdubd Disburs€mcrn Fl€.ry_Gllb+ DaE bllirE wifiio 5 (five) Bllsir1ess Day6 of ite dab ol iha notira. ;sl ! !.F 106B Aanrr dgln to ru.p.rd .nd clhc.t (6) Thc Banl nay, by nori.e in wnt^g io he &.lovv!r. suspend and/or c.nc.l th€ urxlisDuEed portbn ol h€ Cledn ro wiot€ or n psd al any i,rr and with mrhedBle (i) upoo the Gunonca at an €vent or ciEumsbnc€ mantdled in Mjda 10,01 o, an 6v€.rt or drcurli3t nc6 whlch would wh ho D!!5a06 ot tnt6 or oMno ol nor,6 under lha contEct consfiut! an evcni ot defautt undu Artiij. 1 o dr . ('i) n a MaErtal Advarse Chang€ o.aJrs as cofipercd wnh tne aodor,..,s coidtjon at he cbte ot hls contract or (iii) il a t ark6t Dbruptton Ev.nt has occrrnEd and ir conlinuing. (b) Fur$l€rlilole. b ho oxrent that Ue Bank may cancai tlo Credit unde, Artcle 4.034 d!€ 6an]( aray atso suspard it A,ry Guspenslon shalj coniaua und t r gank 6nt i thc suspanson o.callc6l! thC Bu6lEndcd !fiElnt (c) For th. purpGas of [ti! tutid.. "X.rt!t Dbrugdoo Evdrt- fireensl (r) lhe Eant deterulnes thal there ere erceplo^al orcud,sbncas adveB.ly alledlng h€ Bank s sccegs to (5 sourcss ot fundhg, ■︶ 澁 (i) n tle opinb.t ol ut6 &nk 0lc c6t b tl. Bank o{ obt ining tun.h twn ilt 3OOrc6 O, funding woutd ba In crca6s of hc agplicabtc Rcbvant tnteibank ftata for lh€ rll€vant cunE rcy and pcriod o, a Tr6rEha; {ili) the Bank d.temnss thet by roaton ot circwsbnc.s ailcling iis sourc€a ot tunding g$lrdily adcqurb rnd lblr rrEln3 do not cxBt br alccfiarnjng r\c applt bre Rcrdrrrt hbb.nk Rels trr tr llav.nt cunsncy a.d ped, or a TraadE; (iv) in tle Ainio.r c, tr. &nk. turld! ar not llirioiauy tikcty to b6 oveibbte b it rn inc odnary coun6 ot burlnaas b fulld a Tadrcha lrl lh! c!r!rtc, raquartcd or br 0r€ lglqvant leiod, il applicable end approDriets to 0E spocnc tendjo! operation; or {v) rt E not pollibl€ tor th€ Bant lo obtain lirdtno in suikient amoonB tor at to tirnd a (risburs€rlenl It applkaH6 and app,oprh to th€ Br€q.6c Endiog operalixr, o. th.rc b a fll3tarEl (fhcaval in th6 lnbnEtionat dab( tDney or cap,tst mart(ets. 1 06C lnd.,rntty tor .u.p.rlon .Ed €nc.ll,rt on ol . T..nch. 1.06C(1) SUSPENSTO|,1 f tlE Bank suspends an Aoceltaal Trandte, whather upon sn lndamnifable PrlpayllEnt Evanl o. an evcnl nto.ltibnod h Anid€ 1001, he Borory€r rlla[ in(h tr€ Eank und6r 'lity Ar)clt 1.058. 1_0€c(2) CANCELLATTON ll pur3lant !5 Micl6 LOAA, lhe Bonowra carEals: (a) an L.aptad Tr3'lda, I lhrl lrdcrmit Urc Bank urdcr ArUde,t.o2B; (b) any pert of Ut6 Cr6dil otr.. Unn an Aacep{6d Trand€. no hdolmity b payabl€. l, uE Eank carlcall ln Aaalpbd Tr.lldE upon an ovdll montoned in Ar1uo .10.01. fie Sonow€r shall indemnll, the Bank under Anicb 10.03, Save in lhcse cas6s, no lndemnity is payable upon cancellauon o{ a Trancne by itE Eant( fi An indcmnity slEll !a cakohad tha basis t €! the cancaLd a.rprlllt b dee@d b hava bean disb{/ll.d and l!pa5 m th€ sdl.(ill6d Dbh.'rsanl.nt oab or, b t}E rrtnt [|a1 rE disturseoE ot the Tr.ndE 3 onEniiy detbnGd or ariaponded. on the &E ot h€ caEellalbfi nothe. { 1.07 CancalLllon afur uplrv ortha 6r!di Any th. lcllol./ing ho.xpiry ota p.riod oa,a lf.iro rrcnlr! alb. tr|6 Frist Av.itab0ity oare. tla Bant rnay by nolba b tlE Bonowlr 36d withoot lhbility arising oo tre pJt ot ett'ler party, cancel any pa( ol ho Crcdh ,n .espeq ol wt (,l no 0Ebo6ernent AaaepEnce Ms been mede in &aodanca wlfi Anid€ I .02C. r.(,! !lpjrg!!&! WU n '15 Er8ln 3r Oays blotrino t,la daie o, due railSaation of tl s Confact in e.o.d.ic. witl tl€ eppttaua lat! oI G.orgh. fa Bo.row.r .lEll poy o. caure to be pElj to h6 gank an uptEnl trc in an afioorlt oa EUR l00,0OO (oie huMrcd thou3ard airro6) (r'. 'UF{rom FB'). The Eono'r&r euthori6.s .nd lnsfirctr the Bank flat I the U]front F€€ ir not p3d to l,he Banl witih 15 Businds D!y! lbltoring h. da!. ot duo .rtfciton of lnk Co.trrct in oc.ordance wilh the 4plicable h,r6 ol G€orgla, ther ha Eank may at jE dbcreton distxJBo a'rl:lnohe ln an amounl aquat to uE u}ront F€ Ird pay such eRDUrrt to itsell on behaf of dE Eono*tr. Sucfi Tiatr lo she! b. e Flo.ling Rdr Traftie in .u.o and slial be d€emed as a Tranc.tra dirorrrsed by th€ Bank lb. tnc FIpoaa! ol Arb;t€ 2.01 . For the e'&iden . ot dorrb{ jn sudt circ|JllEbocs6 and lb( rlo purpoc€a of d s Ardcte 1.08 only, 0le minimum Trande si:e spedied in ArtirC! 1.02A and th. conditiorB of disbu6elrEnl 6et oui in Artld6 1.04 (othcr th6n th€ cordition !d out in Anije 1.04A{e)) shrll not egply lo aiy nJcl dbbuErnEnt Brrsuant to hb Mjcte I 08, and d]e nen subsequent disbrJB€ment ol a proGGed Trancha ahell be r6oE ded as t'le 'iBl T..nd€' lor thc pulpGas otArtu6 't.04l' ψ ln^add.to4 end fu{ ule aw*rance o, doub( it t\e Cledit l! c.rrtrcd purluant to Arudc r.u. s r.uo or o'l.rwE€ at any tift orlor !c tne payrrnl ry thc Sorro*lr !o ur. B€ ; h€ Up{rDol Fe.. ut6 tre UpiDnl F€c $an rergin inre and'b..orrt -;#;;:; Dy m€ nr.rov/g qn or tE Eo.lorii!.s olrn tun(b dd wiurout Bl€ hdlttv b di! fo;; Trenda I d.aarb.d h tE prGding p.rlcr€ph. l o9 The Bonorcr shEI pay to ihe Bant a co.nfiitnrnt *e (a) pnor !r h. r.6tpt by h. B.nt ot a r trom the Bo.rurlr confinnrno ,ts intdnjon b draw do{rn he .ndrc amount ot thr Cr€dit provided b it h 0E Baia darry ufirawn uncanoctLd b€ldc. ol thr frn i5 flIion eirca ol ha Crcdn and bt ;br&d; ,; t ,"-d by 0ie B.yrk ot sucn btbr l.torrld {r (r) rDo,!, cat.{raEd on r'. 111-!Y!S oaq omrarn uncailcslld ba&E ol tha an&r arho(rtt a frc CrrOt in boft ca!.s ltDor tE d& ot tnb Col1traci at a r& o, O 1* (JO baris pohb) per ellnum. Ssdr codnitrEnt 16o 6traX b6 payabh: (s) on c&h P.y@nt ks i,n arl! .! until th. Fin l Avjt bitity O.!.; (b) on tl|. Fln.l Avllt btity Dabi.nd (c) on tno daE ot €ny earlir csa|.r$dlon o, srl3pq!*,l ol tia CGdt und!, tulijc , q 05 ATEE I IB II lhe &t! on what h€ cow trEnt te b du; to be Fl, b oot a Rrt.vant BusinG$ orv paynEnt 6hal b€ nEdo on the nan day d any. ot that catcmar nmu trat t j RJoviii rrlrslness uay or. Btng tial tr€ nr3r66t pr€cadng day thei is s Ratayent Busness Dav. ln arr 6sca wo a cofltapoodino adiltrrnt b ha enDUdt of cooftiun€nt h€ due Surr dll. und., Adcr. I 110 SurB drE un,.r Afi*. .t.os orld i.06 rhsd b. Frsbb h dl. qrn ocy of th. Tlr ]ch. cmce.ned. 'ltt y shax bG poyatj€ winin 7 {sa/en) ;ays o, rE gor..E?s ,u"",ot o{ rl. AenKs (hrnand or wthh any tqEar DC.iod spacdtcd ,n tng Bsnks d€riand ARTICIE 2 Tha Loan 201 lrmrr ot taan The^L6an shatt conFris€ tre eggrE{Ft6 entunt ot Tranchas dsbuG€d Dy he &nt undsr d'€ Crod't aE co'linn d by Uhe 8..rt DuGUenr tD Artiilo 2 03. 2o2 CurEocy ot rloavm.nt tni.rBt tnd oUr.r ci.rn- hErest repaymenB and ot|er chatgss pafablr in rollEcl o, e&h Traoche sha,l be mad6 Dy th. Bonoi€l h tlD crln ncf olh. Trand€. Any obcr poynbnt shelt ba m€da tn tn. d,rrrncy apcifud by thc Bsnk hseng regsrd b € crEErry ot tht axlana[lJc t ba oir$urBc(, by rEan3 of h€t peylrErtt Corllltnrton bv lh. Bank Wtth 10 (bn) day! aitcr dbh$lcmcnl of cadr Trafth€. tl1c Bank sh.I dcliwr b th. t Eofiower th6 anE(istion ialre rotbflrd to |n Artid€ 4.0i, sholrilg the dish,s€fiEnt datr. currarEy. th6 afiDorn d'sbur!.d, tn. Epaym€nr t.{nB afid th. n&..r rac of and to, hal 隣∩ uり ARTICLE 3 lnt *t 301 Rrt! of lnt r-t ft. BdruBr 3ha[ pay inbrd oo t,ta o{ratandho babfle €ai Tl'an<rc et dhe Ftoatnd xatl scm.n{lryrry fi &rD:l,s o.t fl. r6kyad payfiEr{ Del3 rt r66di.d rn ; t,suJntgyEm cnier dlIrllrahg oo thc frsl luch payrrEllt Dcta tttarin rl. a"t J rr ils p.rbd r,m $6 d.t! or dhbucdi.; b u!.;; :Edrr.1:8n or !r€ Tr.nch.. r6s thon th€ p.yirnr or rnr.r*r acc,uld dunne $,cn p.ri; ::II:]_:-3-1 $ar Dc polPon€d:9b9:.1 tt6 bloBhg paylrEnr OaE. oa Thc Bank snalr nodty lie FtoatirE RaE b fie BororEr w,hin !0 {En) davs toflolr,ino rrE coftn6nc.nbd or ..d! Fto.tno Rd. Robrlic. p.rtod. pr:TT g 16o- 1.05-rld t.(E dEb(It.'r.nt d any T€nchc br.. gboe arbr or Iscn6urcd olsbu,lanEnt Ha he ints eit rab epfl?bb b th! llBt Ftortino Rrt. tretErsnco Poriod lhrl ba daleftincd ar ll1o{Jgh di6borlanEnt had bfen placa_on h€ SchcduLdDilDursdrE Oeta lnlerBt snal be catcrtzted rn resp€ct or €sn FEUng Rat! R.lb€ice peri$ 302 on Ul€ basb lnt lt.] on ov.du. tr,lrl. WtErJ| gqldica to Anjcb t0 and by way ot a)aaglbn b Aritte 3.0r. hbrE6t srE aaa{ue on .rry ovordrro 6wn p.y.bb rhder t|6 brms oa t ! contd ftlm th. duc dab to lla data payJrllr{ ol at an anhual.l'b .ql,at b thG Retarl.nt tnt ,o""i nat itri ZX iZdj-Ua.i" polnts) and shafl b6 plyebt in .c.o.d€r,c6 wtth h. dcfll.lrd of th. Eank Fo( ttr. purpos€ ot d.redrinirE dr. Rct€eent l'l&nk R b in dBton b thii MicJe 3 02, the perbs wihin th€ nEaning o, Scicdut€ E snal bc &c6!iv6 peloO" of *. ;bva,ri ,p"U, coannErdng on !\s due dats. ARIICLE R.p.fr|.ltt' 401 Nomr.l noavm.nt (a) The.8o.rcw€r sha{ repoy each rafthe by iftlaldr.rls on $e pryrErl Dates lp.cifi€d in $! r!b\ra.n oirb{rEeiEnt Ofb; in accord.nce wih tro Grns ot Ure .mortisatun t btc d6 voGd po.lu.lit to ArIde 2.03. (b) Eadr arEdsanon tsDtc alE be drawn up or 0l0 basi, dEt rErayr€d 6hal be dEde Dy .qual s6tri-.nnu.t in tiln€nB ot principati .nd thc nrd rureym€nt dat6 ot .aci Trandl. shatt De a Paynrot Date lb ing nol lller har U!! ;d F,avm€nt Det jmrn dratdy rt rowhg th. lbuth ennrveBary of u1c Sdrdut d Dsbud€;ed Orr. or lnc Tlencho and tha ta3t trpay'lo4t date shal b€ e payrpot Date hlthg noi .arflar D6n a (buo yo!6 and oot bbf tnrn t7 (..vdE r!) Flrs to." U,i So,ea,so Dbbuscment DatE. 402 4い Volofirv orapavitarit Subjed to Artidss 1.028, 4.02C and 1.04. he Bornourcl riay grepay a or @rt ol ary Trancie. [o96lher y,ih ac.ired tnbrEst end indemnii.a ,t anv. uoori o'i"roo i fr"oa"rr"ni Notto wdrr et l€r3 1 (oE) rEnut,3 p.ior noir@ sp.dv"g r.. p.p.v,i-r iw,.*i.,,o tl|" Subjed to Artde 4.02C be propsyrEnt Notir shall bs tindin! and inevocabto. り Ⅵ ︱し 402B PEp.ynrn! lnd.lnnity q€rqy a Tr6jdl€ onv on e Rcavam payn d Date, snd sucn 19 ry iheflnay p.Elrryrunt bc wftout indeftw 402C Prapeymant nrcharlc. ftc Bsnk sEtl not ly lh6 Eona$lf, not taE han ,5 ([ft.on) day6 pmr to ul6 pr.DayryEnt Dat€. ol tl. Prcc.yrpnt ArlE rn! or o,. aqixd nbrad duo h;; Not Lbr th.n tt! Ar..pt lrt O€dlirE, the Bonower shsl ootil, lno Benk eIn.r (a) oEl I corlfom UE Prcpaymqtt Nodco on dl! E nE sp.cith by h6 Bank; or (b) 0|alt sithdrE{6 0|e Prepaymnt ttdk4_ lf he 8onolc.. gilrEs he .D.lffilltoo under O.Eg[Eph (a) sbove, n shal ctGd 0!€ pr.payfi€nt tt !F. Bom$lr whdraw! tha prapeynant ilotcc o. hjls ta contrm h in dl,. tine. ( iray not €ft{i 0rG prcp€yfEnr s6w as trrEllrd, !l. pllplydEnr Notrc! !h5[ bc bindrng and nrBvo.abtc. Th€ Borro|rer shatt acadol|a ty th. prl|peyflErit by Ur€ paylnant ot acaru.d lntar8t ,ndermrty, d any, due on f|c PBDayfiEnt &l}ount 403 Cotroarbo?v prllavrnani 4● IA Grounda to. p..prfnaat 403A11) PROJECT COST REDUCTIO end lf thc toisl cDn ot t1e ptojlrl shdJld bs lrduc.d ,roln tha figurc st tld ifl Rccibt (2) !o a l6!cl at x,hi,l tho amount o, tho CrEdit €xc€€ds SO% (fi{ty per ccnt) d sua, cosf U,i eari n'ay in propo4'o. ro Dle r[dLtcton lb.orwih, by n) th€ Borrow.r, carl.lr tr. oedn ^onc. andor damand prep€y,rEnt orthc Loan 403A2, P'IRIPASSUTOA OTHER IERI4 LOAII ll Urr_Bonow.r volunt rily pr.IEys s pa.t or thc wttol. o, any odr! klan oriojmly graaEd to it h{ a trrm ot I]lJ.e han 5 (ttvc) y.srs (E rT.nrt t-o]i"l ottrenri* dun duia Ue prcclc& ol a l@t havtrlg a t6nn d East.qrat b tia t lc4irad E m ot tt!. Tafi Loan oreoad, the Eenl n!3y, by notjc! t tha EonDwrr, cancel he CrBdrt and .trnand pGpayrErn ol l\e Loan. in 3!dr p.opo.tbn es th6 prsp.id €flbtjnt ot 0re Tem toan beals lo the aggGgat€ ouBBnding arnount ol alt Term Loans. Th€ Barlk sn I sddl€ss i6 mtir6 to th6 Bonorr€r wihin 30 (thiiy) days o, rec€ipt ot n<nice under 8.02(cXI). ^nicl€ For the plrrF6€B ol thL AnjcJc, .loan- inotud€s sny loen, bond or o$cr tfln of fnancbl indebbd066 or any obh.tibn t$ ihe peyrant or r€ioymenl of nbney. 403A(3) CMNGE OF CONTROL The Bonof,er si6l, or shal lf@jre ,rat th! Fina! Banckl6ry plornpUy inlb,m tic B5.k ( s Changod4ontsol Event hr. ocorred or 6 l[@ty lc oiiur in iespGd ot he Ftnal 8€nefcjary ln such caa€, o. il thc Bank he! r.e-lonrbL cause lo DctEve l||at a Chanoa-olConuol Event has ocanE t or b about occur, h. Bank may Equ.6t thst hr Boiroerer consult wiul L Sl'crr consuttslion lrro gbc. u/thin 30 (ttty) d.F trom th! drir ot f,rc -trom Eanks r.quest ,.ner tn6 (a) $o bple ot 30 (thrv) dsF tE dat! ot srdt r6qu_esl lbr cDrildlblbn or (b) EE 6coJr6ncc ot hr snikjpabd CherEe-ot{ontrot Ev.n! tho Bahk may, by nottcc to the Eorower cancet he Crcd[ ;nd dohand- pr€payment of the Ioan, tog€hu witr accru.d inlc.lst ,nd ouler ar|ount6 s.Drusd sM ;ua;nding undrr his ConEacl The Eonos/er sh6/l ettlct p€ynEnt ol lt6 6nbunt domanaoa on Ur-e dafe sp€cfred by he 8an( slch date beino a date ralng not tcss tts,r 30 (Nty) days trD.n the tE lartd. t s For the purpo!€a of tlb &tiro: (a) a'€h.ngGotaonbDt Ev.nt- o.curs it (i) any person or group ot lE{sons acting in conc!( gsins controt ot Lt. Final Eenetoary;or ●ル 閻∩ ヽ ¨町∝ ̲o∞ ej蹴 σ マ 剛 鷺簡電品』 ∬ J趣 嘗梶 鶴 認胞」 '蠅 Fけ 10い e y (b).̀acml in conce"" man3 a pu電 undmtand"(…けfo― α :辮旨 絆 ￨ 曖―t∝ 0 ° 獣 器 用踏鋼 Iよ黒鳳謂蹴躍品.写瑞冨:温 醐 403A14) cHANeC OFIAW =Sd 『 量 廻事穏枇躙譜田 :竜 獅澱職摘譲 ‖ :lliI‖ ! 103A(5) RECiTALS PRoJECT ACREEMENτ l'0)any tao s● led in the Rttls m respec and r ule ate● ￨。 n dtt n re na per or l睫 cn ■ th aヵ■ed■ lcrest and̀"nce a1 0neramoul ̀03A6) NON″ ρLiCAB:Ll'γ OF 7HE FRAM日 ″ORK ACREEMENT AND THE Ec Gυ ARANTEC .器 脱 蹴 棚 甜 盤 器 酬 棚 i咀 鑑 undor any ap"bb国 .60Fね ̲● 聾 y甜 讐ふ 淵 織 翻 蹴 棚棺蹴馴 prepal調 子縦謝 に cOnlract ne m70W雪 ぃ ●erm y睫 ng ndにss● "alnoun derra開 酬 i織 驚鷺鼎諸 Pr● paymont mechanlc3 nd outstandlng underぃ being e dale● Ⅲ 4 038 an Oo(lhin nに 3uCh date 脚 榊 蠅 齢 職 1檄 Arlct● lo o5 4 03C ProparttntindOmnけ 出 品 鳳 盤]臨趨 rtt Evenl 躙 同…しrm″ ф 訓 機 椰曇]薦届 榔 響僧等 0ぃ 404 AoolLefon ot paatlal lraoavmantr lf U|6 Bo.ro!,l!r pantaly p€p.F a TrE ra,'e. [r Prlpsytrtm Aliorjnt snen b. .pr{ed prc rrE to G.cn outst nding i)llal.rEnt A pr€p.rd armunt l'Ey iot b€ r€+orDw€d. fti! Artcb 4 6h.[ not p.lMlcr Alic]6 tO. lrnclE 5 P.ynxrtt 501 Dtv count conrG&'r Any annunt due by wey o, htal!{ lidafihity of t!! fofi 016 Borower und.r ttis Co.lraC and calculated in ,Esped ol a ftadbn ol a yoa,. shdl be determined on tho lbfio$jno esp€ctive conv€otio.rs: r y6ar ot ?r5O (tt!rue hundled and ainy) dey6 and the number of 502 Tt'l...ld.lrooloY nt unLa! otrErwila lp€cdlod, 6[ !!FE ot|ef lhan 6urrE ol inbr6a! ind.rrn,ty and principat e'! paFua *{fih 7 (!.vc.r) daF ot Utc SonouE ,3 r.c.id o, tl. Bant! darnand. Eaci sum p.y.blc by tho EonorEr urd.r llB Conbsct Ehafi bG p.id to th. rrsp.dnc account Itdll€d by lha Sank to the Bonow6r. Tho Bant lhatt indb.t th. .c.rur!! mt b!! tian 15 (fitE4{l) days !.lb{e h€ dor dre lor he f.Et FyrrEnt by rle Eorower and $at notit any changa of e(Eount lEt less th,t 15 (fneen) days be6rB dab ol f|e tirst paynEnt b wha:h tne dlehga apgiier. Ihi! p6rbd of mtia€ does not eppty h thc case ol pay.rErn und€. Artile 1 0. fl! A sum du€ lrom 0E Eoaro oa ridl b€ dacnB, 9dd when the Eank Eceives rt s!4!d The B.nk nlay sct oll any matr.rd ouigstirt du€ from [E Bqrlx,or under dfs Co recl (to lhe 6i.rd b.nofcjally 6rn d by h! B$r) ag6i^sl any oblgqlbn (f,,ll.tler o. no{ r€turd) o|lad by u'e Bank to rrE Sooow.r ESs.dt€s ol r,h. plsc. o{ FynEnt bootot) &iich or cufiBncy ol eithcr oDligalion. ll lhe obligatons aru h dlbrlnt clnlencl€s, $c Sank may coovsrt siher obligatoo at a ratot rdb ol axdaioe ln lls usrFl co(rce o, bustnrss ,or trE plrpo36 ol tle seld- lt lihcr obli{Fti]n b onlhulctat€d a onascataincd. the 8€nI rmy tlt olt in !'t .irbunt oalinr.bd by I h good hih to bo tt6 snDrrnt ot 0!at ouig.tion. ARTICLE 6 EonDrrr udrltEng..nd r!prr.!d.tlo.n TtE und6.laking6 in th6 Arlid.6 rcmain in torce trom thc daE qt lnis Connaci for 50 tong aa any ant,('lt i3 outctandln€ ondcr Ub Conf"aai or lho Cr.dn ir in furE . A- W 601 !.ul&ialihgs Ur6 ot Lo.n .nd.v.lLblttv oa odr.? tund. T16 Borrower snal u33 $e pDco€ds ol the Loln excluliv€ly icr t'e erccutjon ol tha The 8ofior,€r shrllarsurc thet rt ha3 evailablc b it tne oth€r fuild6 lirted in Rccital (2) and Ulat such funda al! crpalldcd, b dB etbn! lequlrld, on tio fn ndn0 ot th. Proir<t 6●2 ColnpLuon ol Pllhcl 8orffi Th6 sh.[ gnsu|E t!.t h6 F,nrl 8€nef.iary, suppo.bd by dr€ PrcfiFter, canies out the Ploiet in a.cordence wih the T.clokal D6.criptim as may bG hodifed thom ilrE to lnE wllh tho approval ofthe 8anl, e.d completcs it by lhe llnaldat6 69€cfied i,hel€ln. 郡 腸 1/6 603 lncr!6ad c6t o, Prciact I hc lot l co3r o, the Ploilcr cxc.ds ihe eltrEEd ngule scr our m Rarbl {2), ln€ Bonlrrtr.hr! ourn th€ ttl.Iloa io tur! rE .E i. coct yirhoii rr.ou.E€ to tn. A;f, so as b rmde $6 Pmlact !o ba comC.{od h acco.deic. wfin t'l. T€dlllcst Ocscripdon. Th€ plarls br ltJndhg t'E .xB. ct .hal b. comrruntcrhd b tE B..rr uu'6ul d.tai. 604 Procurnt nl pftc.dt r. Tha goroflcr shrl pre,rr thst thc FirEt Bsnef.!ry shs purE ls!. €quipmcnt, ssaur! seruicr6 and ord6r wofi! b. tha Pro,.cr by op€n intern3tidtel tsnd.r or ofis *c€ptabte procurlrl.nl prcc€dulE co.nptying, to th. Banrs iatsHo,l, ri$t its potrcy es dolcribed in na Guitto to Ptocuto,I,a,r i. lorc6 at Or d.tE ot Ub Cont-act a! w.[ as oh.r rd.van! pr@,,rarieht r€quillmorlts ol tha Bank 605 Contlnulno PlDLci und.drllnd Tha Bo.r!{,cr shdl or dl3l p.EJ6 t|.t tro Find asnetchry: (e) lLllrbn nc.: r€int in,.rp€i, overt€ul .nd llnglr.{ p.op.iy bllntng pan ot [re Prcjed a3 Equied to l!.9 h in good udkhg ord.rl (b) Prolact aaaatr: unt€ss lhc Bank thail otherwis€ have given 16 prir cons€nt ln Mitng, r€lajn titlc lo and po6s6s.bn of a[ o. subsbnullty aI th. as5!b co.Dding Ule Pror€d or. as .gp.opaiab, €pteas alrd rerEw aldt assaE ard rndatain tte a.d.rE PlDi,<t h ru!.t nlblt cdrtlrql! oporBtiar ln wth n o.igi,rd Brp6.; p.Er/t !d thBt thc Bank r€y y,lt|ho5 its corls.nt oity wtlt! th. propocad .ction woirld praludLs th. B€af3 hb'!.ts e3 hndd b ha 8o.ro{G. or woutd r.odd t1. prc&Et ii60gibb br f'.Efting by the Baik urxr.r [! Stq,6 or urd.r Artcl! 3O9 ot t\c TEaty oftha Furdhntlg of thr EurcDcn Unin; (c) IrEuranc!: lnsul! oI trEkc adeqlsi6 pro/illon ,o,r thG ircuEnca of tit€ liorts end other items tonhlE pan ol tE PrcJcd in €cao'drnc€ v,h relevent induslry practce in G.oOb br st lrrvo.t! ol psooc inreIlst (d) Rgnn rnd P.a t: nulnt$n in lorcc s,t li)trB ot w€y or ur..nd a[ pemits naca'&l.ry ,0. tl}l aEuton aid oP.ralbn o, i,rc PrcJ6* 6r|d (.) ENbonEr.rt impbryEr and op.rat Uh. Priil in co.rfoinity wiltr Eovnohftlnbt (f) EU lrw eEcde aM oD€|ate lhe Pq*l in ac@.darc6 wt! he relevant standards ol EU raw lo rhc crtllll adopt€d by th. ra*s o, G.o(gl5. 606 Rbl^.t rmcnl Slrdv no Eonol,er sndl Foorr. th.t the yori nrihod ptEnnlno lb. spiltr.y retEblitabon erE lrt bottoai oudd wo,is sltal indrrda conTftiaoaiva ti3k a3lamant stt dy b ba offnpbied b tl6 satkfeclio,r ot he Eank b€rols 01e sbd of yoakl. Th6 dst aaaosng snJdy shal indud. . s.ntpling !.d rsi.rt. plan lbr inen rn'blbl h tra botbrn of he cati B!€rvair. the wo.t r€thods for dmdgino shall tste inlo accout tD po.!&itity ol bndrims in he 607 lnroldnaot floo ol tha Daln Safalv Allasrnrit Tha Aonowar rhall prlarrlr Utal fte Vardnitt dam .attty er!!!drEn! sh.ll be impta,ndtt (l b h€ 6atEtaciion olbo 8a* bsto,r U|e sbrt oatE pliray ftrt!. 603 EEtliI-gaElElE'El The Bonowlr uarrrnB rrld un&rbtes thal ,!onc ot tl6 go.ror.rr, tha PlonlotrI oa dr6 Fltlal Senencbry h.s comanftlld. aft, no Frso. to its presant kiortcdg. ha3 commided, any of tho lolbwing acls ahd ha it will not cornmit. snd no p.fllon, wih lts cons.nt or prior k rct*l€dge, will comdlt any luci act. that is to say: (i) lto oGring, giving, Ec.ivhg or solicding ol s,ly impop.r advanbgc ro inttu6nc€ th6 erclbn ofs p.llon holdht. publlc dllc! or fu^clirn or a dir..{or or enploy.6 ors public eudlorily o. public anbrFiao or a dlttcb. d olllcjal ol a public int€.nstional o.oaniratbn ln coniacdon wttl ary paoqrllnEnt FDcata or n lllG crrqiirn ot any cant'ad ir cainedon wO ftcc ebfienb of t e ftDFct des{riDed in f|. Tcdfirl D.scrFtion. or 7∪ 腸⌒ (ii) eny aci \ihldr impior.dy inthrencB o. ai,rE iriprop.ri, to anfil€nce Ure prDorn m.nt prDcssr o. tte inpblrtobtbd d tne Ploj€il to the d€artn6rit ot fu Bo.ro\N!r. thG Prodroier orti. Final Banatt5ry. inctuding colulirn Dct$ran tendsrey6. Fo. $ls pirrpoca. th. rr|ox,lcdg. of any olEer flrntiorEd in Anbs 12.01 aIld 6&n s€oiy omcfi of t!. Pomoi.r or th6 Finet Bencficbry shat b. deehcd th€ know,edge ol lne Bofiowa(. Thc Borcyer und€rtat€. to inlbm h! Asnk if it stErtd becom€ awar6 of sny bd n inb.rntb. sr{gcdrvr of lh. comrilsbn oa sny su<h act and to adopl th. nGrary ltdre3s EEaar!3. The Sororloa will ltudt b. ,rl. daln and conply udi fneflit pr@dures and contDB ln oocplbnc. wt$ cpp6c.U€ n.dbn l bw! -rd b€d p..ctir3, lo. the pwDo6e ol 6nsudn! tlEt no tla,6a6!on a dll6rld hb *itn, or br fE benGnt of, any c 0E itxlviduaB or lnstiluliorc narn€d on updal6d [snB ot sandbnod parlons grunutg.t€d by the unitod Naliors Secudv C.rrncil or its qrnmitti.es pursuant to S€dnity Cluncil R€sohrnons 1207 (19"J0). 1373 (2001) (wsrr.ur.oE,bnorism) and/or by th. Coun il ol th€ EU ptl.Euant to ib Comfibn PGitions 20011931/CFSP snd 2OoZro2r'CFSP snd thcir r.lat d or 6ucc.!66 re.oldioE.od/or Lmlerrnling.d3 in coNl€dion *itn ilonc, laundcdng or Finlncing ol Terroriin r'r.ttr.B. 609 Pmlct lmd.p.nt lion Unll ln odor to coordlnate, i€naCc, nbnltoa and rv€Il.te all .5pccb a, Proi€cl imdenEnbtioo. includirE the prcdler|cnt of good3, worts and la{virs b. th. PrDjar, the Bor.o^/.r 3Mlt caus4lh. PronDtrr a.dor t"e Final Bliefdary, unle$ oth.rwb!.grc.d $h 6c B.nk. to estsblilh, prio' to dr€ .Erl ol pr€ure.i€nt ol tl1e Pr( €ct cfipomnts .o-ft€ncrd by Ue Bank. ad al Ell !'lE! durhg u.sllron of Poi:.r op6rete a PtU. Th. PtU shdl hlvc adeqoal6 rBourc.3 and lholl coolbt ot expc.lanced. tulltjIrr. hydrapovar p.olUalbnsB, tt. 610 selectd b th. sati#bn ot tt Benk erp9o.fi b, co.Bult nE Fovdhg Tecnnk l AsidanE! und.r tro illF. Prbl,lcl ltnoLm.ntrt on Phn The Bono*€r dlall p.Dcure dEt fle lnplerientstioo ., the PDlect sna folbw a wdttan ProFcl lnpl6rn€ntsdon Plan (hereaItsr 'Pl,P) ed.blbhcd to dl. lalEibdlon ol tre Bank gnor lo sta( c, p(oqJ.ernml ot thc PrcFr colr?oo.rB co-inancrd by rhe 8ank. The PIP shall inclu(b spFroprialo g@dur6 tor ble Proje'c.t hvorca acoepianc., as werl as, apFoprialo grfuvanco nEdanisrE b compon8atr any p€6on dftcied by ine project, including cvcryo.rc v,tlc6 f\dlh6d rrey bG 611 .ffi by thc dndliq yori(! V.rbu. t rd.rt llno3 Th€ Bororer shall ensure lhat iI rlc.essary n€auras shrtl !a tlker in a rue3onaue tirne{Em€ b rBintajn . fiilcosr r*overy taif tu cbdriily produced by ihe Engud HPP as p@vided in the leEBlatoo in oftct in Georuia el h€ date ol his Conta6 or as arnend€d in a way acccpbblc b the Ban[ A. Gen rd unfin krus 012 Co''olLnca sdlh lr}r The Sondr,lr shell. 6rd !ha, causc hc Fiial Een lhiary to aarrply in sh rcapecB wrth dl lar/s lo *tri$ it d tE Proi.rd iE sriii&l*iere hitlre !o do so .r3ult! o.ls rcaaonably titely lo re6uli in e Mat€n?l AdvclEe Chang€ 613 Ganaaal Raoola[Etioar rE hlYrd!- The Bdrower r.Felant3 end rramnE l,o lhe Bank thrt (a) il has e\e poier b .I€orb, clolve/.nd p..b.n ls obllgdonr under $i! Cootr.d 3nd all ncce3gry adion ha! bacn lalrn b autlioaba tllo 6r6qXbn, daliv!ry and Perfonnance ot the aanE by {i (b) thi! Conk ct constin,Es hs l€gally raid, bi.dirg and .nb.ceable obligstims: (c) the elect tion and d6l,very ot he pertorrEncr of rts obligEtirns under ard compltarEe wnn the provlrrns ol hb Contraci do not and will not (i) codEveno oa conllLt wdr any 6pp,Eabt6 ler, {aMa, rutc or rBgutlton, or any iudg.rpnt decroe or gerrhil b whlch i B sutiec( 18 蠅 ,' ,.it ° On° 樹潔胤埋慇馴』 轟挿曇拙軍L静釧謙燿響 柵出 臨 鵬璃 謝脱脳概 d del・ U under Al● c● s " ° 鷺 驚 l鳥 棚 織 陽縮柵品脳 』織 ば :￡ 臓に 臨 F凪 胡L:層 ¨ ぶ 蹴鶴雛ド Db● ● ● ● lof3800じ N鱗 6,4 ° 儡瀾鵬 鸞 麒 輔 織 ° 灘購螂 鳳鍛蹴闘露認識地r 616 競熾拙舗 鱗蜘 孵 節 d"bp̲「 口 ¨ p030・ ソ erecl"鰤a Chanco● bu● in― J"en厭 螺:出;理管艦韻認驚鷹瓢‰.器 麗器 ∫総 :出叢 ARTICLE 7 S.cutlty The underbldags h f'lb Artda 7 lgram n fo.ce trDm tia daG of tlb Contsacl bl so tono as any an&nt i6 dltishdlig Unde, thb Co. r.ct or $a CEdit E h hrEe P!,1PEr rahllro Th. Borowt. shrll snsura lh.t its payrieni oblg.tionr ud€( trb Conlract r.nk ,nd witl rant, nol laar th.n p.n prse, h flgh! ot paymen! with ai oUE presant and filt,r6 uns€cu,Ed obli{ratlons under eny of he Bonorxcts R6l.vsnt ExErnel Da tnstrurlcnts. ● ̲轟 ln parti:olar, it Sle Eank otstlr a cErlt.nd undrr Articb tO.O1 o. it an event o. pdentjat cysnt o{ dcalrh unda any un3€.l,r.d s.ld unsubordina!.d RaLv.nt E t mlt Dabt lnstumenl ot the Earl,r,er or of eny of jts agonctas has occrlrIEd and B condnuiog, !r Bororer 3lrall not nl.kc (or .uthori:€) any paynEnt in lr![.<t ot any ot\cr s,]cn ReEvrnt Debt lnsuurErn ('dtEth.r regutrt sctledutGd or otprwFe) wi$tout +Enlal simlnan€orr.ly payr.p, o. !.nng ,^ PaynEnt Oata a sum equat lo, *id€ e d.!E.3t€d account i, p.ymcnt o; th. non tt !.lrE propo.ton ot ur€ dcbt ouBisndino under h6 Cont-aat as &a p.Dgodbn nnd U|e laynEnt undc, sdt R€t e,|l E t6nEl O6bj tn$urEfit Dee.! to tho lobl dabt ot Btardry undcr tirl R.i!v.nt Atmal t,lstulrcnt For this De fJrpo6e, any paydtnt ol a Ral6rart Ert6rnal Dabt hltun1.nt tllt ta mad€ olrl of ptoc8€ds ol Ul€ lssur ot anodEr hstument to wtbh slb.hr$afly the saflp persdls as hold claiB under the Raleva Ettlrnat OeU tnstinrnl haw subscrib€d, sha ba dEregrrdtd. fi. ln t s Con!-acl "E .mal O.H htt^rrrnf nEns (a) an irrstrument, incltdiog any recspt o. 3EtBnEnt ot eunt evirenchg or condiuino .n obtigstbn b r€Day tb.n. deporsit' a{rvance or sheaf .I8usion ot c.edit {induding wtholt fmfut.n any extelrsion of cr6dlt undof a r€nnocjng o. ,Echeduting sgr66mat), (b) .n obtigstion !vH.r|c!d by a bond, dabanfu.e or slrrtlar *Ii[an eviLnce ot indebhdn€as a (c) a guafanirc ot an oblbaiion atuing u.xhr cn E .rrEl Debr ln3t u'Isll tto.n anodlor lendei iloyidsd in c.ch case trat 3udr oblillio.r i!: (l) gdemed by a sFiEm ot taw ool.r thsn thr Ew of th. Eoro/ar or (ii) payabte llr a cudency odrer Rlan tis cJrenc-y ol Ute Bono{e/s country: or (ii) paFbb !o a peEo. in orporabd. do.ncrtcd, rddlnr or xrti rts head oih. o. pnnapal plac. ot b6in.ss or,tri(b tl. BonDlrcr,3 county. -Erampl Ertamrl Dabt h3truranta" means Extsmal OeU lnstumonts up io a rneimum a99rc9ae aniotrnt nol exc€€ditB zuR 30.000,Cr0O es ip€cit d et sur$ by fiittcn .otc6 iom th€ BoflD*er E t|c Ba6[ "Ralavant E anul DaH lr!frlnant. nEsrB E bfial Debt l6lrunrnts oficr t\an ErcnlPt E&rual Dcbt lnsturE ts. lf .ny Enamal Drbt lrBt'unEnl nottfed by the Sonollsr lo h6 Bank br aprrovat plrrsuent to thc provilbB of lhl! Arlbb 7.01 io quali, as eh Ex€md grbrnat Olbt tnltrum€rt 6 r,€rlolllnal€d in a qtrency othar ttan EUR. lhe Ban* lrEy dd!firinr hc EUR €quivabnr ot such nolilbd E:xt mal Dclt hatsunE.l by rereterlc to th6 p.lvBiting rab of .xchanfE sp€cii€d by hc EurDraan Cenfal Eank in Frankturt as ol o. aound trlo dair ol 6uch 702 glscdE Should ule BonBxar grant to a t\ird lBrty any soclJrity br the perbrmance of any E(amrt Oebl lnsaunEnt or any prerlrena! o, pnonty in rcsp€d thcrcof, the 8ofio{er sha[, it so required by lhe Bank, provir€ lo the Eank e$riveicnt 3€curty br lhe pertormance of s oblEatons undcr lhis Conlracl or grant to the Eant aqufueteni prEtbrenc€ o, pnonty. 703 CLua!6 ti. lncluabn It thc Eoarorcr coicluda! with any olher rnodum or long lrm foaicbl credito( 8 fnancln! agtadrEii lhit lncludta ! tr,8sd{aing d9us6 or s .o6.nt o. other provbion ,egardin! pad gasq, 6nkhg o. croea dahult thal i! lrrctar th3n any rquivabnt laovrsi, od thts Con!-&t thc 8ofl!{Lr .h5[ 30 tnto.m [le Eant and sh.tt. at $l. r.qu€st ol Ule Bant. €xocqa an .gr.enEn! !o aficDd tts conlr.ct .o a! to providc lbf an equivslent provision in lavour of the Eank ﹂鵬ψ ０ ２ 陽∩ AIITICLE E tnioin on .nd yblt 801 lntoinafo, cotrcanlna iia prElaci TtE Bonot !r stEI. q 3tiatt PrEllr! th.t thc FIn t BclElktry thsit: (a) delivcr lo th6 Brnk (i) th6 idbdntirn rn co.{rnt snd h iorln, arct d tn. Unles, .p.ct1rcd ia Schedub A.2 o. othc.st!. ar agE€d flom Uma b tme by ttc p.rd.s b trf ConracC and ([] arry 5lrch hlbaridoi or n,lior docufirnt coarcaBing ihe ilnancinq. Dreuement. &; b;if ffuj..i;j; tnpt ir..rt {0.t. orod6! ana cwnnnrcntet tngei Banl n€y Easonabty llqril! rilllh e llerl.bb tiiE provid.d .ir.y.lhtt if ludr inbrnlaiirn o. dodrn it b not d.tiv.Gd to ljc O.nk on tir.. 00€3 not l€dj, rt€ ort3s'on winin ! l! .o.Ebb tjrn. .d by thc Blnt h ,.Aono*er wrtjlg, tn6 Bank ,r8y r€ri€dy tle d.icj€ncy, b h6 c)(Ent tcesibtc, by erp6yng iB o,*n -Ao.ro*!, sEll or a @nsrlLnt or any odl.r hird Feltf, at lhe Borro.lis crp.ns" uio -ir p(orire shall n ch persdls eih al ss$sboao nccBsary tbr fE pui!o!€; 5nd th. (b) subml lo, tha approvC o{ thc B6nt wi{hod d.by eiy nlabri.l dEnoa !o UE projG4 irdudr€. hEr ala, h ltspe<t o{ the pdcr, d.!t[ phns. lmaAdc or to- tlc opeodllrre pogramlE or tnandng phn for [r PIlFct h Gbtibn !, ha di*toaur€3 lnadc b dlc 8allk prior to hr llgnlrE o( Uti! Cootlot (c) pronwy intblln olre 8s.k ot (q ..y a.rion o. p.oGit initi,itEd or eny obirtion raiEld by any Urd pady or any gcnLlic aorhpbhl rlcalv.d by urc Eorow.r or uy ,iatErbJ injgatbn lhat 6 co.rxn .E d d 0lr$n d .g6kBt it wtfi r€S6rd to onvnoimc;u or o0*, m.lt .! dibdirE dlo Proi.d (li) rry Ad o. ev.r kn6rn to Uio Bo.rorcr, wfiici may llbaienlblty prliudix o. aibd Ua coodtlon! o, a&crnifi or opcratb[ ot thc p-n lcd: and (d) deliver to tic Esnk h b.rn .rld srrb6E tc. !.drhcto.y to t\G Bank (0 salii€niual Prqlad prog&as rcpod! duri.! pQ,ec1 frDhlYlenlaton, $rlich snell b. su&nitrd rbt teter Urar 30 {tlltty) d.F it6r 6. .nd ol e6ch reportjng pedod: li) a Proir€lcornptetion n o( ad (6) pfo\,id€ b lhc Benl it so nqucstad: (i) a -canifcats 6 05(c): ol l! lllrjrc's lho*ing firflnrBnl of th. Iequi'r,yEnts ot AlcJe (ii) annualy, a bt ot potiris in fone covcring the insucd pDperty toming p6d ot the P.ojad bgctier wrtt canltnrlelioo ot psyment ot the currEnt 302 iremjuml. lnronnadon concamlm tha Boaruwlr TI€ Bonorv.r lhsX or shal ensur. thet thc Flrat E i.id.ry ah.tt (a) dolMer D $c Eanl: (l) sach yar, withlo oia flEntn ai.r rhc apprc!/d ot D]a strta Budg€t a slmmery ol ib Elallnt !.cibn in tstubr lbm .^d {ii) tiorn tirl. to UnE, ludr tudn€r,nttflrBtbi oo fiB ocnara tnancbl situat}on as ha Bank nEy t?asfi.bv requiiEi (b) .nsun hst b a€.DuntjnO r.co.d! tu{y .lihct th. op.rdtonr Ftatrng to lho finanong. ercarrtoo end opsralbn or 66 Ploirci and (c) htorn th6 Birl rrrIn!&Ely ot (r) a]y fu<r wt,lch oblh.. it ro pGp6y any finsrcbt indrbcdn€s or any Eu tundrng. hcluding any fundng Fwded under tha NtF lmptenEnta(bn Agruenlent, (ii) any 6vonl o. declsion hst consdtub3 or may lcsutt h th€ evenB desc.iH in Arlid.4.03.A{2)i ν∩ aⅧ (lii) any intentlF on iB pal1 to rclnqur6n ownefsttip ol Eny matcnal compooant ot ti. (iv) ay lad or ov.nt tnat B lea.o.lebty htriy ro p.event ti. 3ubsianral tulfrrEnt ot obligdbn ol,E aono er u.d€r lhb Contr&t 'ly (v) any evenl [ned in AniJ! 10.01 havnrg o..rrr'ld or being lhrebned o. ani,dpaH: or (O any [tit Ln. ert Eir.t o. edrr.lbEat vc Focs.dtl€. o. inv6!9airn which 6 qrnsn o. perdhg *iirr right if d\/r.tdy deamin d r6t I in a MeEriat Advar& Ch.llg. {induding, br he evci:hnc. ol doubl, any nlaLdal davclop.i.nt ln trc ongdng litgeton prcc.dur6 lsbd ln Ann6x lt b flis Contaci). 8_01 !E!E-E!-SLEg! risrt $at lrte Final 8€n llijary allo!*6 p€rsont dasEMlld by tha 8alll( wtro riay b. dompdrl6d by lEPrBantith,G! ol Ura Europcsn Coi/rt of A!dib.!, th€ Erropen CofirLaixl. tha Euroo..n Antftaud Ofllc. (OLAF). o. ady o0r. Tha Bodvrror $all, ald 6hall cornp.bnt €U body or hrhrixr. !! rll a p.non dctilnlt d by othd Europ€a.l Commhity in.tfijon3 or bdtiaE wnan 60 rrqui,ld by lha rlhyant mardato.y provilins oa Eu.open Commdnity hw, to vbn th! 3itca. installadoir. 8nd $ed(! co.np.ising th€ Proied wlthin Gcoagian tsfilto.y 8nd b conduct slch ch€d€ ds tlloy mey wsh, and shall provba lhem, or 6nsrJra tial they arD pars/id€d. wit! all ne.3!5ry a$irtanca for this purpose Tho Bon*or &loorbdgGa 0!d Ul€ SanX ncy b. ob{lGd to diwlgs sudr inicorlation lalabng b th6 8o.ro*!r, fia Fftd Brncidary arrd Ua Proi€cl to any cornpetent Euopeeh Codrvrnily inltiurdon or body h accoadanca with lhe rdava. m.ndatry plovisirnE of Euop€sn Coflrunlty law. ARNCLE 9 Ct.llr .hd .rp.nE 9.01 ?.x.., duth. rrd ft.. Th€ &.rou8r $aI Fy aI bI!3, duli6, fs snd our.r impa6iUons o, {dEEocvc. nature, hcl\ding lomp duv ,rd rloi3t&ll tes. arilhg oln of $e cx..rJbn or llhpblrlent3llon ol t|rc Cofitsact or any Eldad doo/rst alld in tl6 6ealbo. pad€dion, lrgtaEatit! or eolbrc6{&ot ot any 5.er,lty b. th. Loan to dl€ e(mt ar9llrd.. The BonDsr shall pay .I pnncjpal, hE wt ind.rr*V and otff amounts dus un.ler this Contracl grd*! wi0Dut d.ducton ot any nalional o, locrl imF3irons wh€tsoev.r provld.d flet it fno Eo,roroa i6 obEEd b nale any iodr d6dlrdix, it $ll groas up $e paynieil b th. Esrk so thrt afiEr dedudbr, th! n i rrE { ruivGd by ntc E nl k €quivd!.n to ir. 6U dU€90? eEllcnrlllr The 8o.rolrer thefi baar all charge! and e4en!6. hc]uding prolhssbnal. bankinq or erdtarEe cheG6s inofed in conn€ctbn wih he p.!p36ti6n, execdbn, impbnEtr6tion, and tcfimation ot his conlract or any rcblcd drcr]rnan( a.ty amandmcit, ssppldEnt or warvor in Espe.1 of lhb con!"act or any rdalcd doclnllefil and in lhB sfcndment, cnelirn. maE0€ri€nt ard EalbAjon of any 6ocurjv lor ho Lc€n. ARTICLE IO Ev.nn ot d.hult 1001 nhlrl b dafiand ralamrnt The So.rotxer 6rdl lep.y s[ o. p.rt ol dD lDan fod /ih, togo$cr wrth accru€d ine6st end of€r ou$t nding a.munts, upon wdtlln dGrund b.ing made by ,l€ aank jn sc.odancc wi$ 0)6 lbllowing p.ovirixls .M Vril^' 10 014 lm'l! dht d.tn rld Thc Benk nEy ak rudr d.rn nd;mrpdisEtl (a) it UE Borlu,lr bib ofl tlc duc datr to llFy any p.rt of th. Loan. lo pey rtcGst tn reon or to nr*o any oder Eyn|.ot b thc Brak .3 Fu tad tn $ti Cont-act (b) if any lnbrnanbn or doqlru.tt giv€n io th€ Ba.* ty or on b.hatt ot rhc Bonor€r, t]E PlolrbEr ondo( ire Flnal EonclLrary o. eny lspr!.eoatbn or stetenEit made d d€6o!.d b bc rEdo by thr 8o.rou,!r. tle prc.n or rnd,or ttE Fiml B.ncfici.ry io thi! contad or in coon6clbn yit'l lhe n€otaton ot tlli! conts ct is or poraa 6 hava b66n irlcorEd or I'islding h y nt Erb/ r.spa4 (c) ( tulloyhC any &hdt h rddton tldlb, tlr Boarotrtr b trquilld or a capabh of b€ing r.quirud or wiB, folb'thg orpiry of any .ppf..bb cdrftraad ol"rc. p.rbd, be rcqulr.d or b. c.9.blc ol b.ing rcquircd b pr.pay. dit hr€.. cio6e out o. tDl'' net€ alEed o, rEtlrity any othcr b6 o. obtigEidt srirng oul of any ilnsnc*lt tsansaction or any cornmfuIlnl tbr aary othaf brn or oDt,grtoo ariling out ol any nnad6t Iran3actbn is cancalled or suspendadi (d) il dta So.roucr b utEli. b ,Ey ir dabb aa th€y lhll due, o. .usp€.rrts itr detB, or rtsl(lt or. wthou 9ri, rritbn rEdc. to tr Ssnlq !aa*a b n i. s csrpositirn uih its c'adbls: (a) il any corror.t .dirn. Lgat g!c..ding. o. 6thrr pE dur! r !i.p l' t'k.n in r€lston lo o. rr oa$ar b nrade or an enecd\6 tl6otution b pCraad br tha wi}dhg up ol tho nn6l Eanollcilay, or it [t6 Flnal 8€rEliciary caglaa or rlsdvo! !o ceaSe b cirry on the whole or any sub3lanth pon ot Is blshess or actjyi!6: (0 if an cncumb..nc.. d6 p6s!33bn 4 o. a rEiv6r. Iquirabr, drin|sk tor, adminLfrllve ccolver oa slrnltar olicar B srrdnl6d. f,hdnar by 6 court of corp€tlnl iudadirbn or by any aorirattol dninbHiva .uthortty o. by eny palloo, of or ov!r, any pal of l,lt hrsir6! or aacta ot fia Flral ltanrllciary d any g€pe.ty foming p€rt oltl6 RDi4 (g) ir th. Bonov,., dafauha ln tlo parlonEn@ ol .ny ol ib ob{igqtbn io r6rp6d ot any otlcr lran or financid insiruEnt lnnbd by th. Bant d b the Bant: (h) any dtsg*r. ateqnih, ..qu6tAan or orhar prcccas di,eciy inniiin€ mateiat 'l dgmag€ upon the Final Baneficiarys abilliy to p.rlb.m ib oblgiations under lha Prcjcct Agreemoot b Lfri.d 6 snbllrd upon any p.DFty hddn! part ot dlc Pro,acl and l! not dbda€.d o. rt& widlii la {hrtaan) daFi (i) it e M.Lial M'/€.re ChEngo o(.u6. as co.np.red win he Bonfiroi. conditim st tlEdabofhhcdlt.e.t O if i n o. b@nr3 untswij 6r thc Eomr{€r, tlla Plunotlr and/or lhe Final B€nsfcbry lo p6.i m any ot iB obli€etons under U1i3 Conlr.c! h. Ploject Agreernent or oul€r lransaclional deudEnts oa tis ConEad or sny o$er transrcUonel doaurn€nb is mt eilclive in ac.ordance wiL\ it! brms or b alleged by &. EdrolNer to be rrlotlactive accora,anc€ wih lts tenrB: 'n (k) It the Plrojed t€roenEot.ta.!. b b. \ralid or ir regudiabd by any ol t,lc par{e3 thcr?b: (l) if eny obllgeti alufiiad by ih€ Bonotvar 8t !b&d in tig F€lr€*ork ,{reenEnt ca6!3 tt b. tulfill€d a! raoards sny b6n nEdo io *ry bofow€r an UE Bo.ro*€]'s tsrlibry trorn tl6 r63ourE 6 d tlE 8.nk. or {ha Eurcpean Uniri or (m) if th. condrtions tor cover under lic EC GLra'8nts€ are oot tu[llled or it he EC Glaranbe aeas€s lo be vald, €lirctiv€ or enforc€blo in acaordanca *dh 16 tems; (n) il lha Boflo{lr dahulE h th. pertrnerlc of ry of ns obhEtbnE udder aoy ban or gaant doc{rEnbdon Fwirld in cqln€dion wih ttc Projad by any otler irEttulion (includiig, jb. th. avrideno. o, doubt EBf,O). or, it 3ppllc.bL, thc N,F grant or th. fihnft,3 ardElc urdBr na.i bl9 or grait d! nai pald ortt or r.€d lo ba 6p€id by 23i珍 (o) il S16 8o.ror.r dofauRs tn tD p.rbfimnce of any obltgadon in Gspocl ot any oli€r loan or financjal insruildrl grantEd by UE Bank or tho EU or to th! B3nk oa any othsr obliJarbo to b. turflt.d in cohn.ctjon wnh rh€ relPt dt any tund3 by Ole Bo(ro{,€. tom ti. EurDgan Unkn. 10 014 O.lrr.nd alLr nodc. b i.liady Ih6 A$k lr|ey dso meir alcll d*han(t (a) it tr6 Bo.ro*lr ?aib !r comply rih .ny oblEett t und.r tt ! Contact not bclng sn oblhatt n .rEfitbn6d jn Art Cc 10.01A o. a.ly provbbn ot fle pmjer:l ACrccnbit b b.erdled, nol constlMing an a\,ent un(bf 10.014 or {b) f 3ny llct sbEd in fle RecltaB matefu y anerE and is mt matgbtty reslored and il tlE elteretbt| ather Faiudbr3 tr6 ini€a€6 ol tm Banl( at lcader b he Bofiower or od\ren€ly a[act t|6 inplerr|Gnbti,r or opaf,ation ot tra PrciGd, unl6s the nol}compibnoa o. drurBbnc. givilrg r{!a b tha non-cocpllance b oapable o, rerEdy 3nd Ie llnEdad wihin a llaso.labL parin ot firl. .padiod l,l a rDtica 3.w.d by tha Banloo 0l. 8omy.t 10.02 Odl.I rlqtr! .1l.w Artide 10.01 slEll nor rlsuici any ou.. noht ot lhc Bsnk at bw b ,lqulr! prDprynEd ot th6 Ldn tO.O3 lnd.mnlt of ln..se ofdqna.d unddArlicL 10.0t ifl rBpacl yTranche,lhc Bo.roere. sh.I pey to !16 Bant the s.rDont ddrsldod to!€UEr wll,l a 3um Gqual !r tho pr€€€nt ralua ot 0.t596 (fith.n belb pdnb) a,lnufi catqrtaild a.d &c(uiog on tf, alnoont dur to be gre9ard in tha aarrE m.nn€r lnbrBd v,out heve been cabutabd aid would hsv€ acarued, it thal afibunt had run€irld drEt ndi{ according to Ut. odgh.t arurijE.tion 3ch.duL. of tn! Trrnch. unl,lhe Metnity DaE. F !. Th. v.luo sbll be .alorftd at a dig:ount mt€ €qust to 01c R.(hployiEnl Ral6 appfi.d 6s olcsch lELvad Paynt nt D!ts. Fo. thc t0.DG6 of srlr cabnadoala: "Rad.ploymant fut rE6rE tl€ Fitld Rate ln erbct on the day ot tlc tndemnity calcr,hton br loans daorinrt6d in the sarne currcncy and f,6bh rh6ll havs the sery6 te.rrE br th€ psymnt of htorest and h€ safia ropaynE tt pmlile to the Matunty Oalo a! th6 PrepaynEol Amoont ' fu-f.b "Fird R t " fiEans a.nu3l hlere5t ralt abtemined by [!e 8a0k in accordance tvilh 'l truh linE to tinr. Lil dorn by tha Cove,ning bodrea of the Eant Ul. spplicabL prindplB lEr loan3 nraah rt a ltrrd rab ol int.r!3t dano.nin$d A Ua anmncy ol lh€ Trandre ad bc.nng .quivabnl terrtls br t\r llp€yrbnt of capibl and 0ic A.ynEit of intsr.rt. AlrlounE dua by lho Bonorr€r Flrloant to tt{3 Adicle 10.03 lhsll be payabt on lh. date of pr.payment sp€cjll€d in l,le 83nL3 demand 10.04 I'lon-W.lv.. No hilue or d6lay or ,nglc or padirl €rG.cis€ by tll€ Bank in .x.,Ei.ing Eny oI it3 rchb o. rEIIEdies uMer hb ConD'act slvtll be aonsts!€d 6 a reivrr d smn dght or r.fiGdy, The rEhts and .B.radi6! provired in rtb Contract rle d,flrJblke and not cxctl,livc ol.ny 4lht or tenEdi.ls provirad by bw. 10.05 Aoplkrtion ol.un ..c.tv!d Sums Ec.ivcd by hc Brnk b$olring a dcrllarld und.r Ardclc 10.01 glaI be appu.d frst h paym€nt ct oQa!!as. lnErBt and ,ndcmil;x and saaondly in lBduc,lbn ol h€ oulstanding instdrEnts in inveEc ordcr of maturity. Irr€ B.nk rlay appty sonE recaived bel',reer T.andles at ils dila{etlon. [,/, w)n ARTICLE It Le ahd JurLrlcdon l1.Ol 6ov.mllE L.u This Confact and aq noGcootr&tual oblhatbns adaing oul ol d in conndrion wth it sbdl b€ gor€m€d by Ur6 lews d ErEbnd. 1'1.02 Ju.adlclto.l Alt disprrba co.ra.hii! thb Colrt'ad shdl b€ tublni[ad b fu lu.Bdiii$ ol fi6 Elroraa0 Coort of Ju.ti.. (tll. 'Colxf), .rd CrG p€r6.. ltrlby 3ubfiA b t€ idldlcibn o, tre Coun The Bonou,e. h€Eiy raives any inmunrty fiom or rirhr lo objact b fE jurisdlcikr of tha corrt A llrEl dcbion of th. Co!( sha[ b. condusive bidillg and enlbrceable on li€ t€nj.s withod.Etrirbn o. G..rvatbn. 11.03 Ao.nt ol Sarrk. Tha Bollt*lr iqlby aprolnE tl. ErrEssy t{ G6arla b tra Unltod Kj.rgdom a! tr 6!Ent ol 3eNhr lbr tha tur!o!6 oa @9t.E $rvba or Ir D.hdl o{ any writ nodc.. ord.r, ju4.nB|t o, odra. Lgal ,aoceas. 11.04 Et!&49t_eltCErls! t ln arly l€gal sdih aririne od of tris Coritact !'ta cenificsL ih. Bsr* as to Bny erDunt o. rat! du! to h! Bsnk on(br thi Co.iracl rtal h t\s abaatro, ol maflif6sl .n!t ba pdma fao. orviran€ ol iuti anD(Ilt or Ele. ll.o5 Codr.cl, tRldhb ollhhd P.rd-l cl la99 Non of fr6 t€flnr ol lhi! conEdct er6 hbndcd b bc €nfo.caabh by dry ulird party aod thc provisionr of h. Cont!.ls (Rlgfrb ol nid Partas) Aaf 19!9 !.e atlud€d end shall not aPpt. ARTICI€ 12 FII.I clau.- 12.0r xg&rrl!l[!tl-E!g ilolirs aid oth.r cor rrlni(,liona given undaa hb Conlraat addEssed lo eiiar patly lo $b ContEar shsl b. mdo b tic addt!! o.lbctinile nurt res aat olJt bclo*. or lo sudl olhe. a(brc3s ot ,acsjniL ftritD.t as a pafly p.wirust mlin.s b rl. oth€r in *iiing: Fortn Bz* Abdh,r OF B g&lm boubvad Konr.d Adcn.u.r L '250 kmrDou! Fa +3!t2 4379 87,195 Aiardoo: b(.rnal R.hto.rt oe!€rttlnl Fo. th6 Bdto{,!. irnl$y ol FlrEnc. o, GaoBh 16 0oiロ ロロ i3he1 0114 Tbl● Ceα Oほ F試 ●99532262423 26 1JJ 1202 rorm (, notlc. Any nolic. or oth.r co.rmir*,tbn gtucn under 0rs Coot?ct ,yxrst b€ in wflt !. flotira lnd other @mmsnirbnt br wni$ fi.r.d pono& ale t.i, dow?l h hls Confect or tllrraotv€3 it( p.rtodi t idho on th. sddl!6s66 ney b6 rEib 'rti$ hend d.tiv.; llgErrlld bn!. or l&{,niL. Th€ d€b of dclvdy, lrgtffitd or. e! h. bv cala rv b. lt; $al.O O:rt. ol rlc€l ol Uen$|bsin shal b€ coidur,r.lb. B|. datlrn.labn of a'DGn;. Olier nolijaa arxt ccnfitdcarirt3 fiay be rr€d. by hand detiwry, .egBeed Eurr or lacsinih Whoul alllcung h. vatidly ot any notce datbEr€d by hcsnit accordino b h. paraoramE amve, a oey ot a6dt ndcs d€h/aEd by tacaide shall atso ba sanltrv te[.r b the rdet,.ht p6rty on [tc n6tr foloxinO gBineas Diy d UE btsEt by ftr 8o.ro*!. pocuant b any provEton ot tri! Cont-ircr shstt. whaE ryqea.fnld lequired by trlc B.nk b. d.{v!rEd b !h. 8ar,& bectnGr wnh &d5trctryt lviicn€. of thc audionU o, ii. pellon d p.'to(ls at tuis€d lo 3udl no6ca oo tefeif of G go, *n .nd th€ auttt a6.abd spciorn .irn hrc ot grdr p.r!o.j or p..s6nr. ,203 Chana6 to partLa Tne Bo.rowrr haynol slstgn or Eelrtfer ty of its rEhts or obtgatona un b, thir Cootact wtlout lt1€ orto.rvrilbn conl.|lt dn B.nt The B8は 耐 ソ 1204 ,2o5 n ar orpB● 。rに nmts Or m電 僣 ′(by vay Ol n● vauOn 3u"溜田 m)J。「 pan d饉 ● bOndts "htB andゅ ・ Conh "b orOth‐ E d Ob19● on3 underい に Lct .n6. E c.rt a! b6 Eant end dle Bonoy€. rhalt o&eMi!€ aCree. tlb Contrd shal b.corrE clfo{tiy€ on thc dab upon ribh nrG Bank di6Fcranaa io fl€ goarouiEr ndic€ of ii€ ganf6 ecceptance of UE evUln.. rlqr*Ed by And€ t .(x A (e). Racltals. Schaduh. arf lnnarotr Tha Relab and lb&r,tng Sddrutaa torm pan o, Elb Co.lf&t Sdledllc A T6h cal O.scrirtirr .nd Rrpo.ting ScheduL B ocnnflion ol EURIBOR Sc]'duL C The lolloy/lng Ann€xuras aa6 ataarr€d harrto: ハnnex I Mnexl: Arr0ro.bdh ofiign b.y Panding L[h&n Pr@dulrr3,nvoving G€tr8i. 26 は ヽ ￨ 、 d0 lN WTHESS WHEREOF he panes here● 嬌 c8‐dい ヽ Conmctto be exealte n ●旧 Ongina13● EnOIsh tanguage and have res… dy Ce sed r m価 Gv ndod2● Dep」 ty Minに Ior o′ F nance ol Go"ぬ and｀ も Eana C● .yl te981● Ounsel lo inl● leach Oage d ulls cOn― on● etr behar ０ br and on behJfOf ０ た Llmml●・ ̲ll18 28.12 ０ え7イ ん ０ At Tbl● ,th S gned b「 8nd on behar o, CtlROPEAN INVESTMEI.T BANK K Baindurashvili C. Cortese E Binder 27 1静 schedule A Tachnlc.l Da.cd.tion rtd R ooatno At. rEclllllc^L oessan ,ll Purpo..,lrclllon rh. Dmicd wi[ o.ovidc finshdnq b corDLb ha mai, d.blu'ai'! ol tle Engud HPP '16 lt w'll ,.rrd. n nc..ir-v.*ty r.i.ur. d lh. Gsli le..r'/oL .l$ va'ddli v'E cltlnn'lr"k't! b. Ga,!il',l .b('!c[v nE kt6.s rtil I b 0E Tuddth 'L@iity ;;; "itctGlv ntrooitcctt" tai6 urdd mdblndlEbo. Thr prdlad h locat d n uE orm w6t iiro,rgn ot G.orCb. Da3cri90on vrdnlll / G.ll r-rvolr - rlFL of botom o!d.t P.ittocL - tt .h o{ rPfi*ly., dltdg|tn $. Gtr'rnal undl V.dnlll a lo. !O0 m!i' tlou - lEtrun ntdoi.nd tt lrltodlre oa $. d.tn onMlE ond.[d.) - l ttutn.ndolt rd - raDair ot tr-h.aacrb .nd .dacl'onr..'lrdrbl lqulFtlil Enoutl HPP . nh$ift bn unit1.d 6,2.0 lli,o.ach Vrntnlll chrnn.l -.uppt ot dr.dglng.qulF.nt - chrntlg ot Yagai ron, rEotl.fnrcibn ol drJlnal bat*l Rapalr ol acc-a toad Ptt and hde● ●nde EndneeL hchand 700Jtt eou One Or― ゅ 畿 OfbOttom o型 0 1‑rpalr of應 ヽrackS and 証面 mI′ Ca11‑n ardi ardDl「 i and 2 clcctlomcchanlcal i HPP― κhaЫ IItatbn unlt l Ⅲ ̲, ardnjli chamcl - supply of Vardrili chaoncl - cl.rdng ofvE8cretioo, EcoLstsuction of cbaDDcl lanl(s, environmental monitoring Rep&a of access road PIU and ladcpcodcnt Enrirccr r6.hni€i cornng€rxrB 10% ̀ EC― NF′ ■IB 3C NIF ユC― NIFttBRD rIB 4く ,flce contingencies 2% p.e EIB/Ceorgia .ler€sl dunng consbuctixl Gcorcia ¨ ︐ u.( Subtotal rO● 4̀ 〔 47〔 l The abore Cstrl.bd cost b.qddom bbb b !.wirad br htb.nsbo.r prrpos€s. Ih6 cosE q,€rc Bt bfirh.d by h! g.nl bG.d on !furr!,tioi itatta araiLbL to &nk d d|e time o, appraisel ol fu P.oiqr. ArrE,rt pcr lina itorB r.y ba modfiad in colButdon wih hr tl. &nk si.r h€ procullri6nt ts co.nd€Ed ard .dral wodlr p.rbrrrd proviiing m.t relalive l@n and grar ceilng b ria;nteind. The pD,€cl is sctleduld to ba lnpl.rle ad by th€ end ol m13. 2s f ,r \\ A2 PR●JECT NFORu■ 10N To BE SE"TTO T TRA卜 S l D:頭 b ofinbm midesun E BAllK ANO mFrH● ● oF lSSi● m ortho 商 口res●●n■ ble The hわ mal●●be"hosto be gn tOい o8ank ttderthe respoubl● OF Fag″ ●Os′ ムで d ″a′0"r3″ ″●力Vi″ ■ tle Funct on / O.tnrtn.nl Addr醸 Prolcct ldpLtnaladoa Un it y● ● 00V● ●17,rbll16′ 500"yc 22 0,0 "● 99532292'37 ぉa踊 。υめ 037 Ce Fax Enall ! (dt) tle l.a8o.nibL .ontsCs) tr ha l,n€ ltaing. I)l€ Eono*r rfd hftrrl| tltc Ela irrn€dady in @ oa any crleng€. Th6 .bo\,+rsrliirn€d co.rbd F.tor(a) 2. h&E {eoer.-r8!f1&-uDi@ fto fionowcr shall deliv.r b !l€ B€nk ltu rolloetng inhiltlsuon at dt. hlBl by d\o deadlirc Docunr.nt, intorm.don 01042011 o1032011 Olm sr,bty assrssmerl PЮ i Inっ ぃ″ЮⅣレton Pい n 3. tnlunE{pn on 0|c oapleaf,s irlddncabnbn The 8o.ror,r. shell delivor b tho funt i\e lulo.,ing inbmelin on proircl P.ogress duting impl€nEntalion d the letesl 0y fp rLedlirp rndkded Ho* Proi.d Pogress RcAod A Uiol uqd.l' oA lhe M - - e$lrlniiv ira ,!'rstls b( q Fr.qu€ncy of Dirollno Doc0m€nt/ inform.tion SL.tjrg 0′ ●υ oん ″ dogbtbn, Att! 2011 ftaol dfiIlges lJ4ale oh the hL ofcofiplebon ol eod', ol tha nain p,oix'l's @mponenls, exdainiag rcasons tot any po*ibl. dslay UNdL on fie @l ol he NieL e\Pla ,lng @es,,ts lor any posafib co!, /hcr$sos vs. ihiial budgolod ca3l: - A d@ttDtion d any neiv ie3,e *ilh iopad orl lho anvltonrnaot - lJ4ale ofi pr!/i.,entsrl pteduEs blnside EU); - ufule u" hs ptuie.rs delta d ot lsaqe aN - Ary sfrhtfrcal issuo lhel has @t'Lcl aN aoy s,grilrcart ritt [nat n.y dlecl he p,ohcls - A"y Lgal adbo con(,tni,d t8 gqect k€t nay 出Ｗ 珈⌒ 4 1■ 6‑ The Boη n oo me end Ol判 は 3 and irstvear d o∝ ralon e88● k飾 0お low"い 0,・ bon on p口 薇 ∞呻 輌 n and h halop̲ "ur nshal at¨de,ver ほし b● od bekν "he deadlne nd■ Daum..t/ inform.lion to th. Brnl Proiri Co.tpleton Repo.l indudhgt 3′ θ2à5 A bbl do!,,lpbi oa ino bdrri, drarsciBrrrics o, &t€ prolect zs @nglaloal, explri,ino lhc Basons lot ahy signiftaht ch6agd; |he c/,lo ol @inplelDn ol oa., ol the hein ,,oj4,r:;s @n,oncn$, oxd.inhg fta',is lor.ol paseble dclay, f}D frnol @sl d Ats pryt$l crdohhg .Ras,.ns br any pos.,.,lre cost rircrBls€s 16. ki6el budgetrd @st O.,6lioaal d.b d tt,p EtOln s,n Vada l plehls aN retud,bhd tutbir.s, o, nD.,tt y ba3lr. Qorrtfr.s ol lplbd watet oa no.rlhly b€6.b. O.r.rir}rr ol .hy uneyelabw. Cab .tk,l ol ind'esad eneryy pdtEtion doe to the ptol6(l. The aunbe, ol n w joDs cloalrd ty ,lo ,yotsct: Dot irs dunng tnptonentation aN D.mawi ne* pbs acatc<l; A dEs'riplbn d arry r,,rfor,ss!n vflt anrioolpod aa sa,cial inp.c,l- u@alo oa pwrwonl eod lh. nain @ntrects, ond @p*rt ol afiy @nn'lc, enl6,n&nt,/r6. coohs ol he pro'bi d or 6nrl @pleh.s eifr,tet ol tl:6 nain UNate on be cn ryy sdos ltum Eogun end Valdhfli 1. Contt'dclual @uht'Oarts an<t an,Nrnts, AadbV lhat has be€n cteliera<! to G@tgia (lwfizan NdiJn slpNtod saparalcly). elactitcfu thal has o.ca eroo.ted- PtkzsAry s{nibart c&p l,!s wuird end eny signtnant risk thzl fidy afiecl lho rie17's rynlon; td Any lqd ebn @rfr,IlirE tE ploilcl thel nay E *C or ,(/iLal di',ttc lhel b otryoing. Aw envrDftnr€/tl4 I Lan● uag● o7rpc由 ̲ ￨● 嘲昴 ￨ ′ /. 31kん 陽ヘ Schedub B Mohlon ol EURBOR EURIBOR 'EURIBOR' rt ns: ld th.n c6. mrtt!, !h. d. ol nt.6t io' d'pd'itr i6 EUR br a brm ot ona mnli; n €sp€ct ol a d6vanl p€rird of om or,rbrD whole nb.lh3. tha rett of inteest for dcpcits ln in .€6p€c't of s dovant Fbd ot EUR ior a term lor hr codlspo.diflg rumb€l ol whol6 lYnnttB; ard in esp€ct of a Gbvant p€uod of fin€ lhan on€ lrD.dh tbot not wtlolo nEiths). the rat6 res$;g trom a lii€ar nili?oletlon by tEfsdtc. to two ran9. lo, de96rE in EUR, one oI rhich 6 aDpl[aur fo( a podod ol wfdo nbnfE naxt shoder aal(l l]a o[tcr i, a pcnod ol whoL montn! n tl longer tian tn. bl{tr ol nro r.btdt Fdod. (the p€aod rc. whlch $6 itta b taxan or torn *tri$ tta aEa eIc intctpolsled belng fi€ "tLp.aaahdrr. Parlo.r"). a! Dubthh..t at t thoo Brussels tlne or at , later tmo @ptabL lo 0re Bank on h. day (lie poor b UE flst day ol lhe lllcvanl "R;d O.t ") wllc.lr bls 2 (t !) RcL!?nl &rsh€ss DaYsps€6 or. hilng vhidr' Dy any oher iB successo. 0t o. EURTBOR Denod. m Reut ls 9ag6 fiEans of poblication chosen lor thia purPcr Dy h€ Brnk ll such ral6 is d so gudishad. th. Bank shsl requaS tl,. pnncbalauro-fme ollc's of]but maor b6nta rn UE cu;.on , ..l..lrd bY ulc B.nk b q'rb UE rr. .i whi{,t EUR dtp6iB in a c;rnoereDb anEJnt a@ olialld bY S1 ol uErn 3! at spProxjrtd.lY 11h0O, Bru$t'! utn' on lhe R65et Dale lo rtrlb berl(! h lia at tczone nt€ft€nk martct h( a panod equal u' tne R€presentatlv! Perird. ll at la66t 2 (ilo) quotslions .l! provlded. ltc r.!6 fut hal R6!et Oata ti. quolrlbos. rl l€wer tnan 2 (two) quolatDlB tn g'ovil€d as rEqucied thc rdE for tha! R€6.t Dale sll be will be $6 arithrn tc men of the a.tlhmdic ;een oi tn. ret a quobd by mapr bnks h ho ei/rczql6, sllocicd bv tlte Balk a .iolrinratat, tlr'O erus.!€ls liYt o.r RE daY rht]l hlE 2 ([ro) Rebvant 8u.rn€56 DayE ,a.i irr" e*r oata lor loam in gUR h . comrr.r.Dle anrounl to readng European B€nks lor a penod equ:l to thG RaPftaenldv€ Pritd. B. G.ner.l For t}j€ purposes of tE ldeloirE dtfinilioas: (a) it All perEenlag€B lrso0n! trom any c.hulalons refEne<l b in d ! Sahadule will be ounded, ,6 Ut" nearit onc trrlr'ona_to,rsandst of a p.rc.nt ge polnt. wilh halvss berng "e,i*ary, rounded uP, (b) (C) The Bank shall inllstm tro Bo.tDvrq wil+lout d€hy of $€ quotslion6 ltc€ived by tlo Bank It aN ot tlE b(Eodro Drlrrlsiolrs baooflL! iftDftrlt€nt wlth provElons do9t'd und€r lhe ee€E or EiJRTBOR FB-E aid EURIBOR ACI ln r"sp€cl of EuR|EOR he Eanl( mav Dv noli- lo [|e Eoflower arnerd th. prov6bn b b(hg h inb line *rln sudt o$cr provblr's 悦 ぃ ´ 、 S chedul● C FOm3● rBoro鳴 ′ c^1Forrn d D&,bartofi.,to{,',/A6rf,'/nc. To: ( tdcl- LAA Jn IAC) cdob E !p-l lnrradllltlt* F.qn: D.tr: subLct ' Ohbutldrrr{ Olbt A...!fica hl the FiEIo Coofd betstrn Brcp'dr hvlrtrEit gank .tld Gdrgb itabd LI (he'Fin ho. CoriFdd) Fl rulrter...... ..... ScrapB n$c.20o0{O?9 D.6r Si., We r€br it tre Fhanaa Collfd TefiB delinad h tlta Fna1cr Contact have uE lalne EEanino wlrn u3.d in thb Ltt r. Folor&E tou. rcqu.sl tor . oBbuBlr ol Olilt trdn li6 8anl( in accotdencc wlth A'tile i.rn-s oi fri ri^d,r"" c-lEct wc heGby olhr b make av6jbbl€ b you t'16 iolloxing Trancllt: (a) Anltont to bo dialorsad: (b) SdEduLd Dit!.n!&n d h: (c) lnt {.d r8te b6!b: (d) l ereat PaYnl.lll P..i)diry: {s) Paymlni Oat43: {0 TerELs lor reraynEnl o, P.incbal: 6) fte nllt and lelt pdndprl n96yn5nl datit. To nEx! tlc Traiart€ d,aIat'h a$j.d io t t trn3 arn '6dhidr3 ol th' Fidnce h he btm ol s.copy ol dir3 i""ir*i m ar*,rs t"""* . Dblurrlmont Laaptanco ing 6r nunt'r Ll no bEr yo'rr lh6 bllo Hien, b on Oslrrcerpnr Oftr Outv "tSn€d tieadllne ot ltinEl L'ircntouE tjln6 on [dalB]' u'"n m Olt lscmcnr Accepranc. The O6bur!.r,tnl Aa.ept nce lnult b€ sccorpani.d (ll I h€s ool D€"n prevbosty s'rpplEo by: (i) Ute indiaatjon ol tl6 b.nt actau{ (eiut IBAN aEde) whete disburserEnl of lhe TEncttG lhotld b. n€.b: arld to sbn on bchalf lifl evidanca ol tta author y ol the ,arson o, parsoo3 authoft'd p.llom' peBon of lhs 8o.ro*!. lnd t|. lp.citrtlr 6hntt,rg ot !{rch or L not acc.pled by th€ Ebotlc slrEd time, tro olier €onEined in hi! dooJ'rEnt thall bc d€emed tc h.ve b€.n rcfus€d ard shall autonBlisly bp.e. 33 1↓ 陽￨∩ 孵 拙踏蹴鴇 踏餡 批贈 転 Yo● ● 鉤Ⅲ鮨l■ EUROPEAN IX!,ISTME},rT Wb ,El!b, accapa dro For and on bchaf of 8AI'( abot6 Ok6(,r{.r!n Othi Georgia Date: u idl, C, For oac.rdic.L loltr Aonffr l^rtLi. l.Oa8l To: Ftom Elropaen lnvlitrEnt Bank Gsgia o.tc: SuDi.ct Fiianc. Cont'act b.tx64n Europ€n lnvlltmhl EanI and Goorgia d.tsd LI (t|c'FlmtE. Coot .cO Fl nu6b..... .__..... SlrAi. nud$..200&@79 Oe€r Sira Teflns defrEd in tne Finance Cofitsad l€yr ilE sdrte nEanlt wh6n Us€d in Ul|s le[rr Fo. tho purposes of Anjde 1.04 ol Ura Fin6nc6 Confact we hcrcby c.dty to you a! (.) &ere ha5 been no rmt.Itt atlart6 b any aspGd ot th. Pr(*!d or ln r.!Fd ol rhbh r! arB obtg€d b r6po.t rrrh.Arfde &01. sav! aa plvblr$y corrrrunid by usi (b) sn hav6 6trtlLiarn fuid3 avan bbba3r!t t rEly cdnpbfoll lnd inpL{ient ton ol0l. Ploid, h @dema rfifi SdraduL Al; (c) no.v€nt o. circunl'li rc6 whi.n conditub3 or woold wib the pasega ol linia or glvang ot notiae unds lhs Flnence Conlr*t cor6trfuta an .v!nt of dcfaull undar Anicla 10.01 h.3 ocarrld and B cDnthuin0 unrerrdird or uiw8lvad: (d) thc llpresenbtion! .r|d *arrati.! to b. rladc ot lt €trd by us undd A,ticl6 6-13 alt tu. in an l€ap61U a1d (r) m MabdalAdvds6 Ch,lgo ha3 ocqniEd, 16 conparcd yifi our @ndidon at 01e daE of tlE Fhanc! c6niad Ycprs bit'lfully, For and on b€heJf of Geo.lia Dat3- 35 L聰 屁 ANNEXI Adnori..tirn ot.lgn{ory ul P. ttng Lltjg.tbn prlc.durc llwotvtng c.ollt al{ Ex li 'lo.nnia K.rd.raopoulo. .nd Ron Fuchr, v.. GGorgla. On Ar]gurl 17, 2005 Gttal( ndio.tal ioanns t(.adalaoooulo. rnd tai.r. on Jdtv 16 2m7ls-adi ttat,ooat t&. Rdt Fudt3, a. 5O!a snallhotdcir ot..Tr*rpx tntcmetoni nc; tlcd deirir et t tcslD. Th. cbifir! d€ balGd on En rly chtrlrr ard ho G6ode _ lsr:dr 8tT. Tt€ prtia. d.mnd 7(,o 000 0(x) USD htr fia aia€ad toar innl:ld dlE 6 he all€gBd oQ.op.iaUdt o( hair h!€6tll.nt by &. Govc.nrEnt ot Glo.gia in 1996. On M.rEh 3, 201 0, $r ICS|O bbunar rend€Bd an a*rd sgalnlt Gcoigia The proceding fur [le alnu,tEfit at tho a ad b h paoorlr.r. 2 R.frirtr.n Z.ntralb.nk 6.n tch A.G y.. G.o.!h On Augud 31 , 2005, 'fl..ithi.€n ZGotEtb€nk C.rrlkn AG.. flcd . cbim !c tl! lntsnational Cou ot Arbkelion of tic tntsmatboat ChrrDar ot CornnErE6 ag.tnst G6Cia 3tBE Mlnbubr ard [E Gaoqbn slab cornpff'y S.ien?go. RZB dalnB .44,206,639.,43 US (b{€rs l,r.t r th. Ro.onciialion act b€tw.on Minbvy ot Fuol and bargy and Angb Ol. Itte prDctadang$ a|E *6pandcd by th6 deirn*[ 3 Tho comp.nl6 iZ.. Enbrprba. LLC, L.z.*2 tblllrl LTO, Crra Rultlvrlt LTD vs. Gcoqir On Novlmber 17. 2006 'A!a Erorpri.s LLC', .Lazor-2 ltflsi Lm. and'Ce€ Rusiarcli LTD' mlatad arutaoo arsrtd Dle dBBrL is fsad oar rha Bilrtcral hvlstnEnt Promotbn End Plobdjon AerEfiEot b€t*€cn Gerl6 and Sre Unnsd StaEa ot Amc.i:a cdgb ol tlecem!.r 11. 106. Th. .rriryarn rlquests pay;otlt ot to,oOo,OOO (t n miibn) USO donars. or in albll!.tivr. prrnrrt d 2.070,?40 USD s.d rldor.lbn inb th.ir dghls. The p.oc€adiqs ar. 3uspardad by tta ctairnent. 4 The company "la..rm.r llabl. Tourlrm Cohatrucdon lndu.lry and Cornmarcr LLC" v!. G.orgli On Derrmbq 10, 2t08,1cni.. MaDte Toudtrn Coostuctbn hdusty and ComrrErce LIC' fled a dah ooaimt Gaoag'n at tl. hbnstbnd Ccnt! b. SeUemeit of lnvlstmcr{ 0{Epul6 (lCSlD), req'J8i,ng tlc A.ynEnt or4O,8OO,O(x} Eu.c_ The daim rcqtEsts ae &o€d on h€ Bibt rat hvestrrit proriotbn md proletjon &rs€menl m.da belw€en lfE Repuurc ot Gco.gB and tr6 Repubtic o, Tu*.y ol Juy 28, 1995. The pr@diogs a.e pending. lna Gtdry.(Ea va. GaqIL ln occ.mb€r 2008, pival4e6on lnne Gld6vedla InltCihd srbtt-athn agsinlt carcia. b€3ed on hc Mide !q2) ol tle Lr, ot caor96 on PrDootan of tnv€.snent /ldivitics and GuaianEcs. n6 daimant requesis 400.mO, )0 US dottars n t\G foiln ol cornpensatjon tor tle altegad viohfon! ol her ghd he. daughlers ,igib es an invesba The ocecdirEs aro pardino, ヽ ︱ル た ヽ い