Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698843737422.pdf (Sierra Leone)
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i.:=l I DATED OCTOBER 13,2019 I}ETWBBN GOVERNMENT OF THE ITEPUBLIC OF- SIERRA LEONB ANI) EXPORI'-IMPORT BANI( OF INDIA I Ita BI tBI @ IBI @ I I I @ @ I I I I I I I @ IBI @ I I ta I t-.==t tA rE a= b= r= N=' g A5.
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]DL] LE General Condrtions A^-N I]R},S ,-\nnerure I .Annerure II ,A.nnerure ll I I,:NCLOSUIT|jS Legal Opinion ofLegal Counsel ofthe Borrou,er u,ith respect to the Credit Agreement 1t Lisl of Aulhorised Signatories of lhe Borrorver rvith specimen srgnatures @ @ I I I I I @ IBI @ @ I I I I I I @ BI @ Ifa) I I I I @ I ]::] re'.

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the Republic of Sierra Leone, represented hercin by Dr. lratricia Laver.ly, Dcputy Minister oflrina,cc (hereinafter referred ro as "the Borr.ower" *4rich e"pression shrri- .lhe-context or subject othe^vise requires, incrude its successors and permiaed unless assigns) of the One part and EXPORT-IMPORT BANK OF tNDIA, a corporarion eslablished under the Export-rmport Bank of India Act, I98r (a, enactnrenr'by trre Parliamenl of India) :urd having jts Head orlice at centre one Buirding, Froor 2 I. worrd Trade centre Compler, Curre parade, Mumbai-400 005, rndia (hereinifter rer'erred to as "Exim Barrk", rvhich expression shall, unless lhe con(e,rt or subject olher\\,isc requires- include its successot-s and assigns) ollhe O(her pan WIIIRIiA S: (i) It has been agreed between the parties hereto for the provision b1, Erirn Bank ol.
a Credit to.

lhe Borrorver uplo an aggregat" sm oi USD 30 nrilhon (Unitecl Stales Dollars thirty million Only) lor the purpose of financrng land and infrastructure developmenl including hydraulics- waler managemcnr svster).r (irrigation) and provision ol lractors, in the Borrc\\,er,s Countn.

subject to preparation of the Detailed projecr Report (DpR) bv urilizing up lo toZ, ol.

rhe LOC antount.
rhe LOC antount.

(rr) the pa'ties herelo are desirous ofrecording the terms and conditions of the ( redit No\\/ ]'HEREI'-oR.ti IT rs HEREBy AGREED by and berrveerr Errrrr Barrk and rhe Borrot'er as follorr,s.- l. l)elirrilions: In thrs Agreenrer)t and rn rhe Schedules hereto, unless the conre\r shalr olher*.rsc require.
the.follos,ing erpressions shall have the mea.nings respectlvel\, assrgned to Il:em as under:- "AdvArrce" nreans each disbursement ofa portion of the credit in accordance *,ith Clause 4 hereot or as the context may require, lhe pdncipal an)ount lhereof outstanding; "Bon'ower's Countt]" means the Republic ofSierra Leone: *Ilrrsiness Day" means any da1,on which banks and Exim Bank sharr re,rain open fbr business in Muntbai, Freelo\m, Nerv york, and London for the purpose contemplaled by the Agreement; I I @ I @ I I @ I I I I I I @ IelI @ IelI Gt I I !
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"Eligiblc Contract" me.urs a conlract as is considered eliflible under Clause j hereof to be financed out of the Credil: "Eligiblc coods nnd serviccs' in respect ofan Eligible Contract nrea,s an1, goocls *'orks and se^'ices including consuhancy services lor the purpose of the pioject i, the Borros.er's Country, lfiich n:a1, be agreed to be finanied bv Esinr Bank under this Agreenlcnt- out of wrrich goods, *,orks and services ol'rhe .,arue or at reasl 75.ri, oflhe contract price shalr be supplied by the Selrer fronr India.
and rrre renrarnrng 25% o,- goods and services may be procured by the Seller lbr tlre purpose ol.

thi Eligible Contract front outside India; "trligibl.

value" nreans, in respecl olan Erigible conlracl, an arnount upto r (x)o/i, (one hundred per cenl) oftbe FOB (free on board)/CFR (cost & lreighr)idtF (cosr.

i,surance ct freighl)/clP (carriage arrd insurance paicr ro) contract price of trre Eligible ('onrract.
lhal nla\ be rnade a'ailable bl Erim Bank to rhe Boriorver our or' tlrc ('redrl rn rcspect ol'thal cor)tract: "Events of Defarrlt" n'tetuls a,\/ of lhe evenls mentioned i, Section K. I ol.

lhd General Conditions or an' e'enl rvhich lvith the giving of notice a.tr/or lapse or' time antl/or lulfilment of an' other requirement o,uy b""on.," one of lhe er.enls mentioned in that Seclion; 'FoB/cFR/cIF/clP" means the seaway shipment lerms as definecl in rncolerms 20t 0.
"General Colrditio,s', means the terms, conditions, covenanls- sttpulations and olher provisions set out in SCITEDULE hereto rvhich fo.rr an integral pan of rhis Agreement and be deemed to be incorporaled herein by reference: ir=.

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@r I e_r I IBI r€) I e Gll -@-@-@-@-@-@-@:@--@-@-B:@:B_@_@_@_@__@_ BI IB @ I I "Inte.est Payment l)ate" means each of rhe two dares durin.g each carendar year thal may be advised by Erim Bank to the Borrorver after approval of the hrsr contract hereunder, on which inleresl arrd other paymenls in terms of this Agreement shall be pavable by the Borrower, "Interest Period'means, in relalion to an Advance or the Credit, as lhe case may be, the period ascerlained in accordance rvilrr Section c of the General conditions; "lnteFest Ratc" means One noint five ncr eent (l.507o) per annum at rvhich inlerest shall be chargeable bl,Erim Bank o, each Aduancg oi as the case may be, on lhe outstanding amounl of the Credit; "Issuing Bank" means a bank which shal in that capaciry be issuing rellers of credit referred to in Clause 3.1 (d) hereof; (Negotiating Bank'nreans Exim Bank to rvrrich documents shall be presented by the seller lor negotiarion under letlers ofcretrit and firough which payment shall bL made to the Seller in relation lo an Eligible Contracti "Payment Arrthorisatioir" nreans the aulhorisalion 1o be issued by lhe Borror.rer to Exim Bank as provided in Clarrse 4, irre'ocably aulhorizing Exim Bank to n:ake paymenl o,'the sum lherein mentioned lo lhe accounl of the Seller, whenever a pavment needs to be made lo the Seller under an Eligible Contract; "Projec1" means the project including supply of goods, works and services including consulling services for *,hich Exim-Iiank has ageed to make available lhe Credit,.
and the descriplion thereof ma' be amendeJ from time to time by agreemenl bet\\,een lhe Borrower and Exim liank; "Project Managernort Consrrltant (pMC)i 'Consultant, means the Indian consultarr being appointed by the Borrower lor preparation ofDpR, procurement of goods- project nranagement as per rhe specir'ied nleds of the Borrower's countr' and to carry oul any olher consultancy sen ices for the projecl; "Repayment Date.
means, the due dale ol payment of each instalment ol the Credit; "seller" means a seller in India in relalion to an Erigible contract and shal include PMC/ Consultant; "Shipment" means any mode of despatch.

l,hether by sea or olherwise, agreed between lhe Seller and lhe Buyer; *Terminal Disbursement Date, means the dale falling on expiration of a period ,rf 60 (sixt/ months after the scheduled completion date-of the project.

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Amorrnt of the Cr cdi t: Exim Bank agrees to exlend to lhe Borrower and the Borrorver agrees to avarl lrom Exim Bank a Credit of USD 30 million (Dollars thirry million only) 1o firrance purchase of the Eligible Goods and Sen,ices upro the Eligible Value .of each Eligible Contract on lhe terms and conditions herein set out.

3.
Elisibili ty of contract lo be financed out of the cr.edit: 3.1 A conlract shall nol be eligible ro be finarced out olthe Credit unless , (a) it is for the import of the Eligible Goods and Services inl,, lhe Borrorver's Country and in the case of any conlract s,hich includes rendering of consultancy services, rt provides for sour.cing consultancy services lrom India; (b) the contract price is specified in Dollars and is nol less rhan $ 50,000/- (Dollars fifty thousand orJy) or such amount as rnav lrom time to limc be agreed upon betrveen the Borrower and Exrnt Bank; (c) the Borrol,er has conducted a transparent, non-discrinrinaton and fair bidding process lor selection of the Seller for executron ot'llre conlracl as per Guidelines for Bidding and procurement proce(lures given al Anncxur.e I.
The Borrower has ensured that the tendr:ring process for selection of Seller on the basis oi projectr product specificalions and eligibility criteria has been developcd br the Borrower in consullation with Exim Bank to make the rendering process fair and competitive.

The Borrolver has also provided i confirmation 1o Exirn Bank to lhe effect that lhe Seller has treen selected b1' the Borrorver througlt a competitive biddinrr process along rvith details of the procedures adopled lor seleclr!
)n ot the Seller including the price bids received, lhe iveightages .rnd,ther relevarl crileria adopted in the Iinal selection ofthe bids; (d) the conlract requires the Buyer to make payment to the Sellcr of 100% (one hundred per cent) of FOB/CFPJCIF/CIP contracr price of the Eligible Goods and Services, pro-rala against shipments, t.r be covered under an irrevocable letter ofcredit in favour oftht, Selier; (e) Ihe Borrower hereby confirms to Exim Bank that the Eliltible Conlract shall be exempt from all kinds of taxes, levies anci dutis of any nature l,hatsoever levied in the Borrower's Country; I I I (0 the conlract provides for the Buyer lo cause lhe Borrower lo issue a Payment Authorisalion to Exim Bank to enable the Seller to claim E Ia IEI =a @ [f,2* i,,.-01r,,'' l/&:ri !
:i'Lii 'rA ;B,rle:ierp.e E e s e s e B E e-E s @--s=- '"==':.-:?- ''" t ,r*--_-..--l- I I I I I BI IB IBI IBI IB IBI BI @ IBI IBI IBI IBI el Itr IBI @ I I I @ IBI @ I tsr ieI @ I I I I I @ IB IBI @ I I I @ I I @ I I I @ IBt @ I I I @ I ,-| [= @ I I I I I I I I I I I I I @ payment lrom Exim Bank of the Eligible Value apportionable lo the amount of invoice for such Eligible Goods and Services or as lhe case ma) be, the amounl of advance paymenl; @--@--@--@--@--B-- @:B:@--@-@-@-B--@-B--@, --@-B-B:B @ @ IBI IBI IBI IBI IBI @ IBI IBI @ I6L> IBI IBI IBI @ (h) the conlrirct also contains a provision lo the effecl lhar Exinr Bank shall not be liable lo lhe Bu),er or the Seller for nol bting able to finance purchase of the Eligible Goods and Services or an\ porlion thereof b), reason of suspension or cancellation of arrv undrau,n amount of the Credil in terms of this Agreemenl; (g) the conlract contains a provision thal the Eligible Goods and Services shall be inspected before shipment on belralf ol lhe Buyer ard the documents to be fumished by the Seller to the Neg,)tiating Bank under lhe letler of credit arrangement referred lo rrr sub-clause (d) hereir shall include an inspection certilicate: lhe Borrorver has sent to Exim Bank brief details of thr conlract in lhe forn,at al Atrnexure II and such other docrrnrents and informati,rri as Exim Bank ma1, require in this behall anc Exirn Bank has- in rvriling, conveyed inclusion of the conlrair unJer the Credit ind icating the Eligible Value thereofl (i) I I I I I I I I I
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the contract has been concluded u,rthin eighteen monlhs [r(,m the date of this Agreement; Exim Bank shall have received front lhe Borrower the lcsal r'pinion as per Enc iosure I Details of any anrendment to an Eligible Contract agreed to br the lrarties thereto shall also be fumished by the Borrorver to E\im Ban[ alougrvith evidence of approval of the amendment by the Borrower Prt,vided, however, lhal Exirn Bank's approval hereunder may not be necesrarJ, rf such amendmenl is onll, a variation of technical specifications of rhe Eligible Goods and Serviccs to be supplied under the conlract that does nol inrolve a change in the val.re, scope or obj ect of the contract/ payment rerms The Borrorver shall, nevertheless, advise Exim Bank of anv such ameudntt nl.
4.

Disbursenrents out of the CIedit: 4.A Eligible Goods arrd Scrvices covered by letters of ct'edit: 4.A.1 All letters of credit in pursuance of Clause 3.1 (d) hereofshall be opened u\ Y MIN'SI Et!
* !s{pr €[ ffi 6 G] BI IBI IBI @ @ I I I I I I I @ te) I I @ I I @ @ I I I I @ I I @ I I @ I I I @ IBI @ I I I @ I I :'.Hffi@gJirys B s e B B E e e B s E l-.F\ 61 @ @ @ I I I I I I @ I I I I I I @ @ @ @ I I I I @ @ @ @ @l I I I I I I I I I I I @ IBI I rGi I I I i I I @ @ @ I I rGa I I I I @ -@I @ I I I @ IB IBI -@-@-@-@-@-@--@-@--@-B-@--@--e-@--B _e _@_@_ by the Issuing Bank in favour of the Seller within such period prior to the relevanl Termin:rl Disbursement Date as may be agreed b1, tiriinr Bank aller fie relative conlract is included by Exim Bank under the Credrt.
The letters of credit shall be advised and negotiated through the Negr,riating Bank.

The letters ofcredil shall be subject to lhe Uniform Cuslonrs and Practice for Documentary Credils (2007 Revision) published by the Inlemational Chamber of Commerce, (Publication No 600), .rnil srrall be irrevocable.
Each lelter of credit which shall be for an amounr lhar shall cover the conlracl price, shall provide lor payment to be made lo the Seller against presentalion of documents as specified in the leller of credit, confirmalion of the compliance 10 slipulated Indian content ri:qurrement issued by PMC/ Buyer and Paymenr Auftorisalion, 4.A.2 Upon presentalion of documents by the Seller to the Negolrltin_{r Bank, the Negotiating Bank shall pay to the Seller, an amounl being nor more than one hundrerl per cent (100%) of Eligible Conlracl value apporlronable to the relative invoice as reduced by the amount of advancc par ment/ retention money, if any, in equivalenl amounl al the rate of exclriurge of the Negotiating Bank.
by credit to the account of the Seller rvith such brurk as may be specified by it, provided the documenls presenled are rrr order and are compliant wil\ the relevant letter of credit.

4.A.3 The amount ol'disbursement thal shall have been made by Exirn Uanl as the Negotiating Bank as mentioned in Clause 4.A.2 shall be deem.
:d to be an Advance made b1 Exim Bank to the Borror.ver out of the Credir and the date on which Erim Bank pays or remits lhe amounl fronr Munrbai to the Seller shall be deemed to be the date of such Advance.

Exim BanI shall thereafler, advise lhe Borrorver of the date and amount of Adr iurce The records of Exim Bank as to the particulars of disbursements at)d ac(rounls shall be final and hinding on the Borrorver save for manilest error 4.A.4 Bank charges.
expenses, commission or stamp dutl, payable , )utsr(le lhe Borrou,er's 6euntry shall be 1o $e account ofthe Seller and th,,se p ,tobr" in the Borrower's Country shall be to lhe account of the relevanr Buvcr.

4.A.5 Exim Bank shall in no tval,be liable or responsible for any acr ,,r onrssion in handling the let'er(s) ofcredit or negoliation ofdocuments therrundcr.
4.8 DisbrusenrentsagainstPaymcntAuthot.isation: 4.B.1 The Borrorver shall on receiving (i) a request fiom the Buyer to release advance payment 10 the Seller, in lhe case of the amount of advance paymenl under rrn Eligible .,.

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@ I I E__ @:@--@--@-@--@- @-- B--@-@- @--@:@--@-@ -@--@:@:BI i IBI @ IBI @ IBI -@ @ Contract (rvhere such advance paymenl is agreed to be linanc(:d out ofthe Credit), (ii) an invdice from the Seller duly certified by the pMC rmd tluyer represenling the amount for supplies made, rvorks complcred aud/ or sen,ices rendered by the Seller and confirming lhe compl:rnce to lhe stipulated lndian contenl requiremenl under an Eligible r'ohtritct in the Borrou,er's Country,, or, @ @ I I I I I I I I I I I I I (iii) a request lrom the Buyer to release retention money to lhe .ieller under an Eligible Contract, send Paymenl Authorisation favouring the Seller to Exim Bank in rhe l,rrmat given al Anncxurc lIl for the arnounl oflhe Eligible Value apportronal.lle to lhe relevanl invoice/ request.
4.8.2 Exinr Bank shall on receipt of the original Paymenl Authorisarron t,f the Borrorver lransfer lhe arnounl mentioned therein 10 the credit ofthr Seller in such accounl arrd rvith such bank as lhe Seller may have notil'ie(l lo Exim Bank 4 B.3 The anrount ren.ritted b1, Exint Bank to the Seller pursuant to the par ment Authorisation for account of the Seller as aforesaid shall be deenrr,rl to oe an Adviurce nrade bl,Exinr Bank to the Borrower out of the Credit, arrd lhl date on rvhich Exim Bank shall pay or remil the said amount from Murrbai io the designated account of the Seller shall be deemed to be the dare ol such Advance.
Exim Bank shall lhereafter, advise the Borrower of the {at.

: and anrounl of Advance.

The records of Exim Bank as to the .rntounl of disbursement(s) and particulars in lhe Borrower's accoutrl slrall b.. final and bindrng on the Borrol,er save lor nmnifesl error.

4-C Not\\4 thslanding anl,lhing contained hereinabove, Exim Bank srrall nol be obliged to make any payment to the Seller after the relevanr l'cnninal Disbursemenl Dale or olhenvise in excess of the aggregate am(,unt (,1'the Credit facility.
The Borower shall therefore, ensure lhal Eligiblc Conrracls shall be concluded in such a manner that letter(s) of credil in restrect r,f lhe Eligible Contracts shall be opened rvithin the period specified in Clause 4.A.1 or as the case may be, Payment Authorisation shall be rcceived by Exim Bank and disbursements in respect of lhe Ietters of credit .urd under the Payment Authorisalion can be made by Exim Bank on or t)elbre the relevant Terminal Disbursement Date and that lhe ageregate Eligrlrle \ alue ofthe Eligible Conlracts does not exceed the limit ofthe Credit.
4.

D No pan of any Advance(s) made under the Credit shall be applied torvards payment ofany taxes, whatsoever.

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Inlerest: 5.1 On each Interest Payment Dale i.e.


May l0 and November l0 ot each year, the Borrorver'shall pay to Exin.r Bank interesl accrued on thti pnncipal amounl oleach Advance or, as the case may be, on the arnount ol the Credit outstarding during the Interest Period relating thereto at lhe Interest Rate.
5.2 53 54 Interest shall accrue from the date of each Advance and shall bt calc,rlated on lhe basis of the actual nunrber of days elapsed (including the tlrst day of lhe period during thich il accrues) using 360 days a year factor.

Inlerest on other monies rvhich may nof be paid when due under the provisions of this Agreement shall also be payable on the rele\ ant Interest Pay ment Date in lhe manner specified for paymenl of interest.

All interest on lhe outstanding amount of an Advance or the Crcdit.
rs the case rnay be, and on all other monies accruing due under rhe (tredit Agreemenl shall.

il nol paid on the respeclive due dates, carra hrrther interest al the sarne rale as specified above, computed from the resp(.ctive due dates and shall become pal,able upon the footing of compound ir')reresl rvith rests taken or made half-yearlv, u,ithout prejudice to the pr,'visir.ns ol Clause t{ belou 6.
Reoavment: The Borrorver hereby agrees and covenanls to repa), to Exim Bank the trutstanding principa.l amounl of lhe Credit after a moratorium of Five (5) years from lhe d:rte ol first Advance, in successive half-yearl1, substantially equal installments over such period not erceeding ln,enty-five (25) l,ears (including the moratorium peuod) from the date of first Advance as ma1' be agreed belrveen Exirn Bank and the llorr('\\,er, a1 the time ol approlal of the first Eligible Contract, the firsl of such in.talhrrents falling due lor pal,ment on Ma1, l0/ November l0 immediately foll,'u'inrt the expiry of the aforesaid nroralorium period.
Exim Bank shall advise the B.rro\\ er of the repayrngnl schedule relaling to the Credit soon after disbursement t,l'the firsl Advance.

Provided Horvever that if for any reason the aggregale lntourrl of Advances finally disbursed by Exim Bank shall be less than the amounl of C redit facility agreed to be provided by Exim Bank to the Borrower under this Agreernent, the amount of the aforesaid repaymenl inslalments of the Credit shall stand reduced in lhe inverse order oftherr nraturiN.
I @ IBI @ I I I I I I @ IBI @ IBI IBI IeI BI BI @ IBI I I I @, I I @ I I @ I I I @ IBI IE t'e I @ @ I I @ @ @ I I I I I I I I I I I I @ -@I @ I I r@ I I @ -iGI I \11 Y t$tNlsTEP [to sl.$/. "

")+ .0r /: ,.7- --\ i?.

(tl \W\ ) 9 I I BI IBI IBI IBI @ IBI IEI IBI IBI IBI IBI IE IB IEI BI I GJ I IBI EI IB t!=., I I I IEI I6 IB @ IBI @ IBI @ I I I I I I I @ IBI IBI @ I I I r€;,Hffi^9F e t9r [=r LS2 tBtEt6B rS Si L= [= @[- N=, (5 .

:>- N5r--[5--(5 I 7.


Fee{s) 7 .l Commitment Fee: --@-B-B-@-@--@-@--@:B__B-B--@__@_@_@.

_@ _e_@-_B IBI IeI IBI IBI IBI @ IEI IB IBI @ Iel @ The Borrorver sh;rll pay to Erim Bank a commitment lee at rhe ri,te of 0.50% (fifty basis points) per annunt on lhe amounl of Credit remaining undrarm in respect of each Eligible Contract.

The commitmenr fee shali begin to accrue lronr expiration of trve]ve (12) monlhs from rhe dirte ol.
approval of the relevant contract by Erim Bank and shall cease ,,n lhr dale offinal disbursemcnt of the Eligible Value ofthe Eligible Contrar r or r n the Ternrinal Disbursement Date relating therelo, whichever is earlier The commitmenl fee shall be payable on each Interest paymenl Dale alonrlwrLh half-yearly inleresl as specified in clause 5 hereof following thc expiry ol the said period.of rrvelve ( 12) months.
No portion of contmitment fee shall be refundable by Exim Bank t,r the Borroryer even if disbursemenl of the whole or any part of tlrc Ehgible Value of an Eligible Conlrac( mav not materialiie for arrv rlason $,halsoever.

7.2 I I I I I I I I 8, Dcfarrlt Inter.est 8l lf there shall be a delault b1, the Borrorver in the payrnent of an rrstallrnent of principal.
interest or an1' other monies nhen due under this Agreentent, lhe Borrox,er shall pay to Exim Bank additional interest on lhe delaulred amount(s) from the due date lo the date of actual payment (as s,cll alier as belore judgemenl) at the rate of 2o/o p.a.

(tlvo per cent per arnunt) oYer and above the lnterest Rale lnteresl al the rate as aloresaid shall accrue liom day to dar siratl be calculated on the basis oIthe actual number ofdays elapsed and ir]() d.r]6 a year factor.

9.A.
ConditionsPr.ecedent: Exim Bank shall deem a contract as eligible for being financed rrnder this Agreement and shall disburse monies lor account of the Borrower sub;t.ct to the following:- (a) Exint Bank shall have received from the Borrower confimration that the Project complies rvith laws aad regulations rclalinlr to environrnent, social and governance matters as applicahle irr the Borrou,er's Country; (b) Exrm Bank shall have received from the Borrorver confirnralion that @ I I I @ IBI IBI @ I I I I @ IBI @ I I I @ I I I @ IBI IBI IeI @ e, IeI @ I I I I I I I I @ IBI I l :=_tl I I @ I I --@ I I @ I_tBI Ie -i @ Ia -a>lI IBI I I I I IE l-t El ---=,t.----- - =..- .
)r:* {':','t i\iiril.i iF; I E:)Y--r.;-* --'- li5.n ii*r ..r€-l8t€:1e-e--@--E--8'-e-B--B-@ \.

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[ii ra1, \lq e E B e e g G E[5 G] I I I IBI IBI IBI trl I I I Ig IBI IBI IBI IBI @ I I I @ I I @ I I @ I I I @ IeI @ It?-, I I € __@--@--@--@:@:@-B--B--@__@--@__@--@--@-_B- B -@-@-@ all statulory /regulatory / budgetary approvals have been ol,tained For the Project and the Borrorver has made alailable or made necessan, arrangements for provision ol availabilitl, of land, right of rval'.
.rlong u,ith basic infrastruclure, waler and electricity at lhe Proje( I siteis) in the Borrowcr's Country); (c) Exim Bank shall have received lrom lhe Borrower, confir rnali.n on ta\ and duly exemplions, financial closure and other cor)rnritr)ents made by the Borroter in conneclion with the Project alorg rvith the copy of the contract.
(d) (e) fee, interesl and cosls, charges and expenses, if an1', payable bv the Borrorver under $is Agreement shall have been paid to I \im Bank rvhen due, all represenlations and u,arralties made b1' the Borror'er ir (he General Conditions of this Agreemenl shall hale remaine,l lru: and corect on the date of each Advance under the Credit a il irll ol thenr as nra),be relevanl shall lrave been repealed rvilh respect ro the facts and circuntstances e\isting on the date thereo[: (D no Elenl of Default shall have happened and be contintring' and (g) Exim Bank shall have received from the Seller the do(trllrerrts ln terms ol Clause 4 including Contracl lnclusion Forrtr a: per Annexure ll and Payment Aulhorisation as per Annexrrrc Ill dull' signed by tlle persorrs aulhorized by the Borrol'er as pet Encl :sure II, prior to the relevant Terminal Disbursement Dale; I I I I I !
I IBI IBI B, IBI ItrI IBI el BI trJ BI @ I I I I I I @ IB fsl I I 9.1].

The Credit Agreetlent shall be accompzuried bl ar Opinion ol llre ,eg:rl Counsel of lhe Borrorver (al Enclosure I) and a List ol' \uth,'rised Signatories of the Borros'er s'ith Specinren Signatures (at Erclosr,r e I I ) I t@, I 10.
Anti-CorruptionLarv: l0.l It is strictly forbidden 10 the contracting parties, by themselves or b1' a third parly involved rvith this Agreemenl, 1o offer, ask or accepl for ils,'lf or for a third party, financial or non-financial ad vantage or even direct 'rr inJirect promise, as offsels for the conclusion and/or execulion of this Agr eenl':nt, if susceplrble ofbeing qua.lified as criminal unlar,'[ul acls in accol,ianc( with national laws of an)' party involved.
102 Any contract that is based in the praclice or lts aflempt ol sllu tltons stipulated under Clause I0.1 shalt tanlamount to an Event of Detault under lhis Agreement, without prejudice lo eventual civil anrl crttninal consequences against those involved in these practices.

-BI IBI I-eI I I @ elI IB IBI I-BI @ rel I I I I @ IBI I-eI @ - Fel !

I I I re,r I BI I ts5t I @r _t iei--i- L=_ a6L\-l I @ I I I I -|(=iI @ I-B @ @ Ll I I I I @ I ,I 5r;r' 0r.
)+ ".€,i-iffi,--=l@ffi-e B - ll - IEI IBI IBI IEI @ I I I I @ IBI @ I I I I @ IBI IBI I 6IB'F [>r s-J [> I I I I l. Integritl' --@--@-@-@-@-B-B--@--@--B:B-@--B--B--@-,e .

@:@--B IB @ IBI ItrI IBI IBI IBI IBI ei el IBI EI The Borrorver hereby agrees, covenants and undertalies to take all rlece:.sary measures lo maintain highcst level of ethics and integrity during the currenc), ol this Agreenrenl and ensure that Seller, bidders, suppliers, conlractor.

a-e,)nts, consultanls.


sub-conlractors, service providers, and any personnel thereol .hall take all necessaq, and reasonable sleps within their scope of business an(r are I of responsibrlitl'to avoid a-nd defend against serious violations ofobligatior.

in ,'r in connectioD rYith implementation olthe Project including preparation of Dl'R.

ar d in bidding.
ar d in bidding.

procuremenl and execulion processes in connection with the Proj(.1 This Agleement shall be read with lhe General Conditions conr.uner: in SCHED[JLtr hereto rvhich shall form an integral part of lhis Agreemerlt an,l be deemed incorporaled herein b1, relerence and lhe parties herelo agree to l. cept and be bound by the provisions thereof.

12.

Geno'al Condilions to fonlr nart of Credit Aprrernenl: I I I I I I I I I I Bi I I @ Ie el @ ia I I I , BI !
IBI IB @ I I I @ I I @ @ I I I I e IBI I-gI IBI IEI I I -lBI I I I T- IEI g I I g Ier -i I I @ I I ,t- @ I I I IEI 3 I I @ I I >l I I @ I5r5l I I 2 I I I *[=, -12- ia @@BB@gBg€"B \r N{/ !

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:iFjffif,-B e I -€ IeI I-B I I I I I @--@-@-@--@--@--@__B--@-@--@__B-@--@:B--@:rc--e-B--@ IBI @ @ IBI IBI @ IBI IBI IBI BI THE SCIIEI)ULE ABOVE RONIiRRED TO Gcneral Conditiorrs : BI A.
B. I >j I I cel I I I I I I I I Defi nitions & Interprelations Borrou,er's liabili t,r, Interest Period Tares Currency ofAccount and Place of Payment Appropriation of Pa1'ments Indemnity Representations Alfirmalive Covenants lnspection and Monitoring Events of Default Evidence olDebt Waiver Assignment/Transler Certification by Exinr Bank Partial Invalidily Language of documents Larv Arbitration Notices C. D, E. F. G H. I. J. K, L, M. N, o P. a R. S. T. €r-l Ig I re-) r-..d I I I -i IBI i =l G::€ IBI I I I I'3 @ I3 @ IrE I I I I t= l!
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-t /ti'' '.r) l"i \Iq/ t'ltNl \t' ,I3 J#+SfffiiWF c g B B g-B--B--B--B--B--@*€-@-B-E I I I I @ elI GI I I I @ I I @ I I @ tr] I I I I GI I B @ I I I I @ I.B IBI @ I I IeI @ I I I I @ IeI IBI IBI I € I ,E> I e--@-@-@--@-B-@--@--@--@-@--@:@--@:e--@-,8- B-@--B IBI IBI IBI IBI IB @ GI'NERAL CONDITIONS scll E r)L.lL l!
IBI I I I I I I I @ I I I ?-et =lI I I I I @ I I I 7i.4 I =l -a- -3 @ I I @ I 14 BI It3 B r3 IB g Irat> BI rniz I A. Dcfinitions & Intcrnr-clat ions: E\cept as erpressll,specified herein, all expressions used in lhe General ( (r)dirrons and defined in the Credrt Agreement of which the General Conditions lorn a )arl, shall have the same meanings as given lo lhenr in the Credit Agreemerl.
Ir the evenl ofany inconsistencl, bel\\,een an),provision ofthe Credit Agreemerrt an( lhe General Conditions- the relttive ;rrot,ision of the Credil Agreement shall pr.
'vail B. Bon'olcr's lia bilitv: The liability of the Borrou,er to make any payment hereunder being prinrrrrl,, :hall in no 'rvay be conditional u|on due performance by lhe Seller in ternrs of arr Elil ible Conlract and shall nol be allected by reason of any dispute betrveen a Brrr er a:rd a Seller or an1'right rvhich a Buyer may have or claim to have against a scller nor shall the Borror.r,er be entrlled to raise anl,delence or objection enrana{inr, florr its business or conlractual rel:rtions rvith a Bu1,er, for mal:ing any paymenr lo t .iim Bank under the Credit Agreement.
C. lnlcrcsl Pcriod: (l) (3) (4) The penod for rrhich an Advance or the Credit, as the case nrrrl' bL, is outstanding shall be divided into successive periods (each an 'Lrt(resl Period")- having duration of six months each or as olherwise nrenlioned The first Interesl l'eriod in respect ol each Advance shall con]men, r' orr the date on rvhich an Ach,ance is nrade, ard in the case of first Advance relaiing lo lhe first Eligible Contract.

lhe first lnlerest Period shall end on llr.


Inleresl Payment Date follorving llre commencement ofsuch Interest Period The first Interest Period in respecl of each subsequenl Advanc( relaiing either to the same or another Eligible Contract shall end on the lasl da\ of lhe then current Interest Period relating to the first Advance pertainrrg to the fi rst Eligible Contract.
Each lnteresl Period (other than tlre firsl lnteresl Period in relatior lo ( :rch Advance) shall comnrence on lhe day immediately following lhe plececing Interest Period.

ard shall end on the Inlerest Payment Date nearest t,, lt. )y - l.l €tffitf-r,"9- -;ggGBB@gBgggB€e--@ I I @ I I I @ IBI er I I I I @ IBI @ I I iF,: I eI @ ielI Iel I I F--, ': l:.

I @ !BI IBI @ I I I @ I I @ I I I @ IBI @ I I I @ I I @ I I @ I I --€i € € I I -@I @ I I -@ >t I I I I I @ @ @, IBI-eI I tre I -!

V-c,-) I I i.i.1.
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i -i re 1 i=eii ;- "{-=I g I*!,B I I -t_E' I I -51I @, I I I .1G11 i I I @ I @--@__@--@-@-@--B-@--@--B-@-@--@-- B_@__@__i.a_ e__@_-@ @ I I (5) (6) An1, Ip1"ro, Period that would otherwise end during the monlh preredin I or extend beyond the nnal Repayment Dale shall be of such durali()n lhrLl il shall end on that dale subjecl to adjuslment in accordance rvith Secrr,rn E {.

Where trvo or more lnterest Periods begin and also end on the san)r da\,.
lhe Advances lo u,hich lhese Interest Periods relate, shall constitutc and be referred to as one Advance.

D. Taxes: D.1 All sums payable bv the Borrol,er under the Credit Agreenrenl shall be I aid in full rvilhout set-off or counter-clainr or aly restriction or cond rron nd lree and clear ofanv deduction for or on account of any presen{ ,,r lilure ta\es or other deduclions or rvithholdings olany nalure rvhalsoever nor, or hereafter imposed hy, lhe governntent ol lhe Borrower,s Counrrt ( the Tares").
If (i) the Borrower shall be required by law lo make any deducrron or \\,ilhholding fronr any sum payable by it hereuoder; or (ii) Errrn B rrk shall be required b1, las, to nrake any paymenl on accounl ol.
tar (orher t ran ta\ on its overall net income) on or in relation to an) amount re((,tve( or receivable bv it hereunder, or olherl,ise pal,able b1, Esinr Baln to ils lender(s) lront tvhonr Erim Bank may have sourced funds to make rnail: ble the Credit, lhen lhe sunr payable by 1he Borrou,er in respect of rvhrch s rclr deduction, rvithholding or pa),menl may be required to be nrade.
Jrall be increased to lhe e\lcnl necessary to ensure thal after lhe nraking ol's rch deduction, rvithholding or payrnent, Exim Bank shall receive and rellin ( tree from an1, Iiability in respect o[any such deduction, ]vithholding or l,4,nr,.nt) anel sunr equal to the sum rvhich il rvould have received and so relarned ,rad no such deduction, rr ithholding or payment been made.
D.2 The Borrou,er shall deliver to E\inr Bank rr.ilhin thirtv davs alter ll srLall have rnade ar1\, pavment from rvhrch ir slrall hale beeri required lrr I:n, to malie any deductiotr or rvithlrolding, a receipl issued b1.. lhe relevanr tar:ng or olher aulhorities evidencing lhe deduction or rvithholding ol ruuol nls required lo be deducted or rvithheld from such pa),ment.
D.3 The Borrower shall hold Exim Bank harmless from and against anr habr.ity with respect 10 any tax on or in relation lo ar),amount payablr br.

Lhe Borrower under fie Credit Agreement (tvhether or not properly or legr lly asserted).
D.4 If at any time the Borrol,er shall become aware that any such deriuctron, rvithholding or pa),menl contemplaled by sub-Section (l) above ma\ nee(t to be made, it shall imrnediately notify Exim Bank and provide all lvarlable details lhereof I I I @ IBI @ IBI IBI IBI el IB e\ I fet, I I I tr li..1 i- I .

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; -9, I .>l I Jel I I I I I @ I: IBI IteI -@-@-@-@--@--@-@--@--@:B-@_@-_@_@:@__,8_ @__@__B IBI IBI @ E. Currcncv of AccouDt a rId Place of P:l l: I I I I E.t E.2 Dollar is the currency of account and paymenl for each and ever \ su,n al any lirne due by the Borrower under lhe Credit Agreemenl.
(i) If any sum due from lhe Borrower under ftis Agreemenr r)r u tder any arbitral award or judgement on an au,ard given o, rnad: in relation herelo, may need 10 be converted from lhe currerrcr.

{ ,lhe Firsl Currencl,") in rvhich the sanre shall be payable her,.rrridrr.or under such award or judgement inlo anolher currency (,,1h.. Ser ond Currenc1,".
; lor lhe purpose of (i) nraling or fiiing a clain ,rr p ool against the Borrower, (ii) obtaining an arbitral arvard or.1,,,1-gs1 1s61 on an atvord in any court or trrbunal.

or(iii) enforcin--g .

Lnr.

.

uch arvard or.judgement given or made in relation hereto- ltrcl) :uch conversion slrall be made at the rate of exchange quoted ro Erinr Bank by a commercial bank lor freely transferable Dollar ,_ ar the close of business on lhe day belore the day on s,lrich {hc .
:lairrr or proof is filed or arvard or judgenrent is rendered.

and lhe l.orr<,,ver shall indemnily Erinr Bank and hold it safe and harmless ,ront rnd againsl ani' loss suffered b1, it as a result ol an1.

IiLrctua ion betlr,een (a) 1he rate of e\change used for such purpose l, col].,er1 the sunl in queslion from the Fiisl Currencv inlo th, Set rnd Currency and (b) the rale ol'exchange at which Exirn Banl nrar in the ordinary course of business purclrase the First Currenc.
,r rrh lhe Second Cunencl, upon receipl ofa sun-r paid to it in satiit.rciio,r in rvhole or in perl, ofany such clainr or proofor arvard orjudr,,.nter t. (ii) For the purpose of sub-section ll.2(i) ard rvithoul pre;rrLficc to the indemnilv therein contained.
lfte Borroryer llrther ar,ccs lo the full extent perrni ed b-v Ial, that an,r a\vard orjudger]t,,rlt or an arvard made in the Second Currency shall be lor such sunr ;, l,o rld, at the rate or rales ol erchange al $/hlch Erim Bank nt;r\ in the ordinarl, course ol business purchase the First Currencr rrrlh lhe Second Currcncl, as at lhe date ol.

paynrent, enable Esim Banl to receive the sum dueto it in the First Cunency.
EJ All pa1,msn15 to be nrade hereunder by the Borrorver to Exim BanI shal be rnade in Dollars bv nreans o f transfer/cred it to the accounl(s) olElrn U rnk with designaled bank/s in India or abroad.

The payments shall be st, rnad, as lo enable Exim Bank lo receive or rea.lise at par the amounl of par rnenr on or before the relative due dale thereof Unless other$,rse advised t,r, E.im Bank, the Borrorver shall make paymenl lo the credil of Exirn Banl \/c.

.,1o.
.,1o.

36046887 with Cilibank N.A., NeH,york, U.S_A.. CHIPS UID l73i\7t.

.he pa)/ment obligalions of the Borower shall be deemed fulfilled on v rvlren @ I I I @ IBI IBI trJ I I I trJ I I tre I I I I @ tri I I I f€i Isl tq IB Iei I I L!-, I rae IeI IBI @ I I I @ I I I @ IBI @ I I I I @ IeI @ I I I I :21 --:::'--- r it'i;NtSl.i-;\ rin iYiIl €:-,:${.F;.
:- :.tr F,/ \i @ IBI B B B e e e @ @ g E @ ,3 e @ E \\}t/ - t6- t I I I ItrIBI IBI @ @--@--@--@--@--@-- @--@--B-@- @--@--@--B-B--el- @ -B-_@__B @ IBI IBI @ elI @ and lo the extent paymenls have been lransferred without any de{iuct on 10 the designaled account ofExim Bank and are at ils free dispos;I. lf lhe dale on rvhich any sum under the Credil Agreement is due and pavable shall not be a Business Day at the place of payment or for Exirrr Bar,k, as applicable, then the due date for payment ofany such sum shall he.rlr( nexl succeeding Business Day, unless srrch srrcceeding Business Dtrr fails in a.nother calendar month, in which evenl, Ihe due date sh;rll b,.
the immediately preceding Business Day, aad il necessary,, interesl rurd lee.

il an1,, shall be calculated accordingll,.

@ t I E,4 I I I I , I I I I F. A puro Driation of Paynrents: F, I Unless olherrvrse required by Exinr Bank, any payment under rhrs ( redil Agreement rvhen made to or received/recovered by Esim Banl sh: ll be appropriated in the follorving order and the Borrorver uaives arrr.
ririht il may haYe lo direcl appropriation in any other order: (a) costs atld e\penses; (b) (c) additjonal interest on the defaulted amounts; (d) compound inleresl, (e) interesl; and (f) instalment(s) of principal due under the Credit Agreement fee; F.2 Notwilhstanding anylhing contained in sub-Seclion (l) hereinab,,re- l:xim Bank may at its discrelion, appropriale such paymenl towards sal\lalti,)n of dues, if anv, payable by the Borrorver in respecl of any other Iorrrr/ fa.
:ility availed of from Exim Bank G, I nd entnitr': iTS.

Tlte Borrorver shall indemnify and keep Exim Bank indemnified from arrd a1,.rinst all losses- liabilities, darnages, cosls.

charges and expenses *,hich it mar .
:ertrty to have been incurred as a consequence of occurrence ofany Event olDeirrrlt or any other breach by the Borror'er of any of its obligations under rhe Credit ,t gree nent or by reason of any payrnent or repa)menl to or receipt or recovery by [,rim l]ank ofany installment oflhe Credit or any overdue sunr olherwise than on a lltpa\,!nent Date or an Inlerest Pa),ment Date relaling thereto (including any, loss irr, rrrrcJ b1, Erin.r Bank in liquidating or redeploying funds acquired to mainrarn the t'rerrrt or arrarged for the purpose ol a proposed Advance and any interesl or cost rncun rd in funding any unpaid sum).
I @l IBI -@I IBI e, @ I I @ rel I I IBI-B I I I @ tr J .f= EI iEB I I I I I @ I-@ i@ BI ILl@ I I @, ll'leI Ileil (;fu tiliNi tu +/ -17- sFiE-g'€ B e e e e B B e B--B--E-'.g-B-E-- @ I I e1 I I @ I I I I @ BI e!

I I EI L:> '- [9i BI trl trt BI B, I I I I I I I CB Iei @ IBI @ IBI @ IBI @ I I I I I I @ I I I @ IBI Si @ @ @ I I I I I I I @ IBI @ I @ I I I I I @ IelI -1-.51I I @.

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-=-, I I I @ I i =iE I.E =iI fc'l I @1 I I L=' I I I BI I = tr rQ I @ g I I I-3 g --@--@--@__@-@-@:@:@--@--@-B--B:@-@:@--le_-r@__@_E I II.

Renr lJ.

I latiol|s The Borrorver represents lhat:- (i) the.

oflicia(s) signing this Agreement has/have full porver.
t:np2t.iry and authoritl, lo execute and deliver the Credit Agreiment ,,,r bel,aif ofthe Borrol,er and lhat necessary aclion (statul;ry and anr otht.rs) has been taken to authorise its lronowings hereunder ,nd the erecution, delivery and performzurce oflhe Credit Agreenrer)r itnd all documents in pursuance thereof; (ii) all acts, condilions and things required ro be done, fulfr ed ;rnd perlormed in order (a) to enable the Borrorver lawf ll\ lo errer into, e\ercise its rights under and perlorm the obligations e , pres .ed to be assunted by it under the Credit Agreement and (b) r,, ens rre that the obligations expressed to be assumed bv it in th., Credir Agre€ment arc legal, valid and enforceable, have been done.
tulfilred and performed in strict compliance lr,ith the larvs ol the B(rr roN|r's Counlry and tlrcre has been no delault in lulfillment of the cr,rrtlilir,ns ol-an)/ of thenl ( rii) (iv) (t) the obligalions expressed 1o be assurned by the Bonorver rrr rhe Credrt Agreemenl constitule legal and valid obligations enl,)rcear)le in accordance rvith their lerms and are dircc1 unconditiorral and genera.l obligations of the Borrou,er, ranking at least pari passu \r.rth all ils other unsecured obligations; rt ls not necessaD, in order lo ensure lhe legalitl,, ,Ilidrt1,, enforceabilirv or admissibilitv in evidence of the Credit'Agreqnri,nr and PaYnrent Authorisation in lhe Borrower's Country.
lhal r UI arrY otlrer doculr)ent be lllcd, notarised, registered.
recorded or .,rrroll.,d tvith any courl or authorill, there or lhal any stantp, regist,irtion or sirnilar lax be pard on or in relation to this Agreement; the Borros,er is subject to civil and commercial law and r,ler.al procedings r\ith respecl to its obligalions under the Cre,lit Agreement and all documents execuled pursuant thereto .rnd lhe bonovving of the Credit execution and delivery of fte Cre,lit Agreement and lhe performance by the Bonower thcreun(ler constitute/will constilute private and commercial acls irlld nol governmenlal or public aclsThe Borrorver is not entitled to arrv right of immunitl, from any legal process in the Borrorver's Countn, (,n the grounds of sovereignty or olheru.ise, and lhe rvaiver conlirrned ln Ihis Agreemenr of any right of immunity by the Borr,,rver is irrevocably binding on the Borrou,er; I -t8, zfE (,-nt/ BI @ I I I @ I I I I I @ IBI @ IBI IBI @ IBI @ I I I I I BI 'j F,l BI @ I I I @ I fer I I r-Ga-i' fs;.'
FJ' I I I @ IeI @ IBI @ I I I I @ I I @ I I @ I I I @ IeI @ I I $u:ffir-€i;@-e @ e B E € B s E B G [=--N- - N=-- E[: @ -@I @ I I (et I @ I I I I I I I I (vi) e--@-@-@-- e-@-@-@-B-@*@-E-@--@__@_@_ B _@__@__@ @ IBI @ IBI IBI IBI IBI @ IBI @ rn any proceedings taken in the Borrower's Counln.
for the enforcemert of the Credit Agreemenl, the choice ofthe Indran l;rw as lhe goveming larv of the Credit Agreement is a valid chorce ol law d,rcree or judgment or an arbitral arvard in respect of the and Credit Agreement will be recognised and enforced by the courfs in lhe Borroller's Country; Exim Bank shall not be deemed to be domiciled or carryinq on business in the.Borrower's Country by reason onl1, of the eiecrrtion of the Credit Agreemerl.
.any (\'ii) H.2 I I I i I I I I I IBI @ I I -@I @ I-@ -t @ I @ I @ I I I @ -@I IB _L'{d I I |E" ,-e-E) [> I -\:?l I6: I I I IB @ B Irg I I I I I n€ IEI @ I I I .1 $llNl5IE r r :iful,;.

The Bofforver further represenls that:- (D neilher the execution or performance oflhe Credit Agreement or the Payment Arrlhorisalions nor the exercise by the Bonower of any of its rights he-eunder will: (a) conflict rvith or result in any breach ofor default under any Iau,.
aulhorisalion, judgment, order, agreement, inslrunrerll or obligalion applicable to, or which is binding upon ur aftbcts lhe Borrotrer or any of ils present or fulure asseli.

or revenues, or (ii) (ii') (iv) (b) ' rcsult in the creation ofor oblige the Borower lo creale.

any encurnbrance on the whole or any part of its present or futur; assets or revenues; lhe Borrou.er is not in breach of or in default under an1.

raw, authorisatiorr.

agreement.

instrument or obligation applicable tr,.


or rvhich is bin,ling'trpon or afletts, the Borrorver or any of rls assets or revenues.

being a breach or default which might have rnak,rial adverse effect on lhe ability of the Borrower to duly observe and perform its obligations under the Credit Agreemenl; there is no restriction imposed in the Borower,s Counln.
which limils or prevents the transfer of foreign exchange by the Iiorrorver for the purpose of performing any of its payme; obiigations under the Credit Agreement; no event has occurred tvhich is or may become specified (ri,ith the giving of notice and./or the passing of time and/-or any finding of materialily) as one of those events mentioned in Section K. I and no other event has occured u,hich entitles, or which, rvith the gvin.q of nolice and/or the passing oftime, lvould entitle any creditor of the I I @ IBI IB iB tr-J I I @ i I I @ IBI @ I tr1 I I @ IBI IBI IBI @ I I I I @ Ig EI I I I I \r ri*Ji Te ffi @ I I @ I I @ I I @ I re @ B e G @ g-,9__E__E_E__E__.€_B_@ € - I F--B:@-e-e-e-e_ e Iet g I (u) I fie information provided bv lhe Borrorver lo E\int Bank b.lbre the dale hereof in connection herervith is true and ts not inc,,rrecr or nrislead ing in anl respecr.
Borrorver lo decla_re rts rndebledness due and pal.able pn,rr tr its specified maturill, or to cancel or lern)inale anri ciedrr facrlitr r,r to decline to m.rke ad v:rnces thereunder: and E-@--€-B-E__@-@--@-B- B--@__@--B IeI IBI BI IeI IEI IBI IE IeI @ tB IBI I I The Borrower agrees.

covenanls and undertalies to:- (D utilige lhe Credii lacility lor financing purchase from India of Efigible Goods and Services bv Bul.ers in the Borrower's Country.
(ii) obtain, comply u,ith rhe terms of and do all thal is necessaD, to marnrain in full force and effect all- authorisatiohs, approvals, licences and consents required by the larvs and regulalions of the Bororvei's Country to enable the Borrower lawfulll, lo enter into the Credit Agreemenl and perlorm rts obligations hereunder and thereunder and lo emure the legalitl,, ralidrry.

enforceability or adnrissibirill in evidence of the credir Ag=reemenr in rrie Borrorver's Countr1,.
ffirnrativc ovcn A n I @ @ @ @ I I I -@ @ IEI Ie Ife) E-t I I >l ,I \€ I =i ie (e, l E] I I a I @ I >t r I @ t,t-> @ g t9 BI I I (iv) (iii) pronlptly inform Exim Bank of the occurrence of any erient rvhich is or nray become (rvith the giving of notice and / or the passing of tirne and or l,ny finding of materialitl) one of those events menlibned ii Section K. I hereo ii promptly infornr Exim Bank of anv litigation, arbitralion.
adminrstralrve proceeding or contrrcl clainr broughl or made against the Borr,,u,er or against anv ofthe assets ofthe Borrorrer.

the consequences oftrhicir ntiplhr materially or adverselr.

affect the financial condition of the Borrorrcr or the abilily of the Borrot er to dult.

obsen,e and perform an1, of its obhgarions under the Credit A€recnrent; (v) (vi) (vii) ensure.. thal its obligations hereunder will ar all times be.
direct, unconditional and gcneral obligations ranking at least pari passu with.all rts other unsecured oblig:rtions; meel an], shortfall ln resources or costs overrun for completion of the Project.
pay or cause to be paid all latr{ul claims of Nhalever nature, lr,hich, if unpaid, might become an encumbrance upon the assels, revenues, inc,rme or profits ofthe Borros,er, unless the validity thereofis being contested rrr good faith and such reserves or provisions as may be reqJirea by geneially zf--':'(v 20 .g'ltNi:i IF^ I ,,s I T-e tr; I CEa,, t:_> I eI IBI @ e, I I I i -_.t_EI @ I I I @ I I I @ IBI @ I I I @ I I @ I I I @ IEI @ I I I @ I.I @--B__B--@-@-- @-@-B--@-B-@:@-@--B--B_B_ B _B:e_B @ I I I I @ @ I I I I t I @ @ I I @ @ I I I I I I @ I I I I @ I @ IBI a:c:p-ted accounting principles and praclices in lhe Bo[orver s Country shall have been mrde therefor; (viii) appoint a process agent in Mumbai whenever caled upon by and cnsure that until payment is l,rade by the Borrower of all moneys ro Exim tlank under the Credit Agreenent, such agency relationship shall not be termrnated after its appointmert u:rless another process agent acceptable to Exinr Bank has been subslituted, and to notify to Exi; Bank aiout any charrge irr lhe appoinlment of process agenl(s) or in lheir addresses, anri pending appoinlmenl ofa frocess agenl, service ofprocess by maiting copres'thereo?
to the Borrower by registered airmail, posrage irepaid, ar ihe address specified hereln, shall be deemed personal seiviie acceple(l b\ lhe Borrorver, and shall be valid and binding on ir for the purpos; o, refer.ence to arbitrati on.

- J. Insocclion a nd Monitonng:.

I @ J.l lnsD ectiorr I @ -€i -eI @ I I I I .

:l I I @ i= BI IEI IBIeI I @ I I I I I -l @ I I =I @ ): .
.. a: ,,:r k, ---'i :t:':' 0 The Borrorver covenants and agrees tlmt until all amounts duc under tl-re Credit Agreement have been paid in full.
the Borrower $,ilj Iacrlitale inspeclion being taken by the representalives of Exirn Bank of thc Buver,s facilities, activities, books and records and cause their oflicers and employees to give l'ull co-operation and assistance in connection rherervith, it being understood that Exim Bank will exercise the right of inspection in linrited circumstances and the inspection rvill be confinJi to that t,ortit,n of the Buyer's project which may have utilised Exim Bank,s furrds.
Such inspection may be subject to prior u,ritten approval of the concerncd Brryer.

The Borrorver furllter covenants and agrees that it shall also procurr lhe consenl of its Seller- bidders, suppliers, contractors, ageDts, consull xnts- sub_ conlraclors, servicc providers, iuld anv personnel thereot to rrllorr the Govemment oflndia/Exim Bank to rnspecl all accounts- records and other documents relaring to submission of biis and performance.
and to have them audited by the auditors appoinled by the Glvernmenr of India,/ Exim Bank during the currency ofthis Agreement.

"ont.a"t On the occurrence olanEvent of Default and its continuarion, the llorrower will facilitate inspection ofthe Buyer's project by the Governmenr ofIndia/ Exim Bank.

J.2 Monitorine of Pr.oiect(s) / Elieible Conhact(s) (a) The Borrou,er shall submit a slatus report on execuliorr of cach Eligible Contract at an intenal of 3 monlhs from thc date of -:- i :i-\\- .

i.. '.
i.. '.

r i', "/ ,i -2t - ,,''t7 \.

i..V;j i,H, '::-' '[5 -1r-,-) lA rF iS iS iS'E t-7 r-i -lt=--E--lsr--E--rt=--E--g-,9- G--g:g I I I @ IBI IBI @ IBI IBI IB @ IBt IBI trt I I I I I I Bi IEi !
I E,J I I I @ IB el El I I r-€ EI IB @ I I I @ I i @ I I I @ IBI @ I I I I @ IeI @ I I I @ I I € I I I @-@-@_@-E- B-@_@_@--B-B-B-@-@-B- B -B__@_B_ @ IBI IBI BI IBI IBI @ The Borrower, shall at its cost and expenses, on conrpletion of Projecl / each Eligible Contract, submit a comprchensrve project cgmpletion report covering benefits derived./to be dcrivetl from the ProJect and ils socio-economic impact in the Borr,rwer Country along with visual documentation.
approval ofeach contract till complelion ofthe Eligrl)le C.,)ntract.

.s (b) (c) I Exim Bank may appoint a Lender,s Engineer ror independenl monitoring of the Project.

The responsibility ol' tht, Lender's Engineer, is lo ensure adherence to lime and Qualilr spscjfi61116r., and rvhere necessary, iniliate corrective action aor the successful and timely inrplenrentalion of projects.
The Borroner shall ensure that lhe Seller, contractors and consullants engaged rrrth rhe project provide necessa4, support and assislance lo such Lerrrler.s Engineer.

(d) The Borrower shall at all limes during the currenc\ of rhe Credit, pernrit access to omcials and represenlatives of Gort,rnmr.nt of India / Exim Bank to the Project site(s) in the Borrower,s ( ountD,.
K. Iivcn ts of Default K.I For the purpose of this clause, lhere shall be an event of dellurlt rl _ (a) any arnounl payable by the Borower to Exim Bank rrnder the Credit Agreement is nol paid when due; (b) lhe Borrower fails to perform or observe an1, of its t'irher ,rbligations under the Credil Agreemenl: (c) anv inlormation funrished or represenlation made br rhe Borrower to Exinr Bank is found to be incorrect or incornpleti rn any malerial respect; (d) lhe Borrower defaulls in payment ofany other exlenral indebtedness on its due date or any external debl of lhe Borrou't-r becomes due and payable prior to its stated maturity or a moratol urn (,r embargo is declared on the payment of any extemal debt of rhe Borro$,er or any of its agencies, or any political evenl occurs by rcasorr of u,hich the Borrou,er's Coun1ry is declared to be on ininrrcal terms rvilh India; (e) any restriction shall have been imposed in the Bon(,$€r s Country which limits or prevents the transfer of foreign erchange by the Borrorver for the purpose of performing any (\l' lt: payment 'l l:gT .l + n.. 22 ffi'b t t t t t t t I i l I I I I I I I ( I t I I I I I I I @ @ I @ IBI @ I I I t>l I l I I @ I @ IBI @ IBI I I f:e_-ti I I I @ IBI Ig @ I I @ @ I I I I I I I @ i- @ IBI @ I I I I I I I @--E--E-- @-@*@--@--@:B__@- @:@-@--@-@--@ -G]--B--@-B IBI @ IBI IB @ obligations under the Credit Agreement @ IBI @ K.2 I I I I I lf an Event of Delault occurs and remains unremedied wjthirr rhirry (3O) days after Exim Bank has notified lhe Borrower of such
 defaulr therr Exim Bank may, by a notice in rvriling 1o the Borrower declare that: , (a) access b1, the Borrou,er lo availment oflhe Credil faciLr,.
her,:under shall sland suspended in rvhich event the Credit lacility j, ) thc extenl nol availed of b1, the Borrou,er shall remain suspended urtil llte evenl rvhich gave rise to such suspension shall have ceaied 1) exisl to the satisfaclion of Erim Bank and Exim Bank shall have nolilied the Borrorver lhat access to the Credit facility has been re.lore,l: or (b) any undral,n portion ofthe Credit shall sland cancelled rvhereupotr the sanle shall stand cancelled; and (c) no ne\\, or additional credit facility will be granted lo lhc Bo(ower by Exim Bank; (d) the unpald principal anrount of all Advance(s) or the Cr.
ir.

as lhe case ma\ be.

shall beconre immediately due and payable.

u,her eupon the same shall become so payable by the Borrower Io t:sinr Bank (anl,thing 1o lhe contrary in the Credit Agreement nolsrrhslarrding) logether with all interest accrued lhereon and all other nronies then os,ed by the Borrower to Exim Bank hereunder, wilhout tnl lurther notice or demand of any kind rvhatsoever, all of which Ih' Bor ro\ver hereby expressly waives in favour of Exim Bank.
All erpenses incurred'b-r, Erinr Bank affer an Event of Delauk shal hal,e occurred in conneclion rvilh preservation of the Borrol,er's .ssets and collection of anrounls due under the Credil Agreement shall b. loIrhu,ith payable b), (he Borrower, and until payment, shall carD, interest .rt the Interest Rate, besides addilional interest by rvay of liquidated danrages at lhe rate provided in the Credit Agreemenl.
Notwithstanding any suspension, cancellation or acceleration I)ursu.mt 10 anv of the events of default referred to above, all the provisions ot the ( lredit Agreement shall continue rn full force and effect during the perio.i an1, amounl payable by the Borrower to Exim Bank remains oulslandinri, and independenl of lhe Borrorver's obligations under the Credil Agrcenrerrt, the Borrorver also agrees to indemnify Exim Bank against the conseqrrences (direct or indirect) ol any action that may be taken by a Seller or lluyer againsl Exim Bank by reason of suspension of the Credit r'acihty or cancellation ofthe undrau,n portion of the Credit as aforesaid.
K.3 K.4 $\ Y I\IINis fil6 *l-.lar At ...) + ,@a".

q*u}) I I I !

I I @ IBI @ IB IBI el @ IBI rq I I I I I I I I @ IBI @ I I i I @ l xE'j [c..r i fei I @ I I I @ IBI @ I I I I @ IEI @ I I I I I @ I @ IBI @ I I I I I I I I @ IBI IBI @ IBI IBI @ IBI @ IB IBI I I I I (c<J I I I @ IBI I fE, I I @ @ I I I I I I @ @ @ @ @ I @ IeI IeI I I I I I I I I I I ,ffiiF,,Fni@F @@6tet s=r E: N= i/a t:=r a= N- l:: ,=* L= r\=.

i)> L= t=l [= ig @--@--@--B- @--@--B:@-- B- @-@--@--B--@--B--@- .
@ :@-B-g @ I I L. Evidence of Debt: (a) Exim Bank rvill maintain.

in accordance with its usual practrce, a loan accounl in the name ofthe Borrorver evidencing the amount(s) fr,,n1 1,,r"l.o time lent by and orving lo E\im Bank as also amourrl(s) rr.ceived or recovered by it, and an inleresl receiYable account showing rt)erern lhe amount ofinlerest and other moneys payable under lhe Credit Agreem.rnt as also amounl(s) received or recovered by Exim Bank in respect thircof. '
(b) In an1' proceedings arising oul of or in conneclion wilh lhe (tredit Agreement, enlries made in the accounts maintained as aforesard shlll be prima facie evidence ol the exislence of the liability of the B(,rro\\ er as therein recorded.

M. Waiver: No delay in exercising or omission 1o exercise any righl, power or remedr.accruing to E\im Bank upon any dclaull under the Credil Agreenrent or any othq ,,grel,.ent or document executed prrrsuant thereto, shall impair any such right.
lios er or remedy or shall constilutc a *,aiver thereof or of any obligation oith., ilo.

orve, hereunder or thereunder ol be construed as an acquiescence in such cit.laulr.

nor shall the aclion or inaction ol Exim Bank in respect of any del-arrlt or any acquiescence by it in anv delault_ affect or impair any right, po]\,er or rcrne,ly of Exim Bank in respecl ofany olher deraurt.
The rights and iemedies prorr,red ,r-the Credit Agreenrent are cul'ltulative ar.,d nol exclusive of any rights and rt-rnedres [o wlich Exim Bank shall otlrer.r,r,ise be entilled.

N, Assi nlent/'l)'arrsfer': Exinr Bank shall be entitred at .u1\, lime to transrer, assig', grant particip:rlrorr in or olher\\ ise drspose of q) of rts riglrts and benefits under tie Credit Agr demcltl to anv person \\,ilhin or outsrde India.
The Borrower horvever, shall not assiitn or lransfer any of its rights or obligatiors arising under the Credit Agreemenr o.

Certification bv Exim Banl<: where pursuant to any provision of the credit Agreement, Exim Bank rnay ccrrify or deterhine a rate of inleresr or an amounr to be payabre by the Borioser or express an oplnton on alr\.nlalter- such cerlification, determination or oprrrion shall be conclusive and binding on the Borrorr,er in the absence of manilest err.
P.P artial Invalidi Ifat any time any pro'ision of the Credit Agreement shalr become illegal.

rnvarid or un_enforceable in an), respect under.the law of any jurisdictior\ neithe; thr legality, va.lidity, enforceabilitl, of rhe remaining provisioni hereof nor legality, ., alidiry oi I I @ I I @ I I I @ IBI @ I I I @ I I @ I I @ I I @ I I @ I I tE2l i I I trlI @ I I I I @ IBI @ I @ I I I I I @ IBI @ ,lBI IBI @ I I I I @ IBI @ IB I I ffiF;"'\ -B'!64E:-B::'E -?

(\,\)-'-- .
(\,\)-'-- .

B- B:B--E--B-€-G_B-B_B_B _e__B__B 6: '>.

(v) 2{ I I I I I IBI IBI IBI IBI IBI trj trj IBI IBI @ IBI IBI Ie @ I I I I I I @ I I I @ I@ I I trl i tg> I I @ I I @ I I @ I I I @ tBI @ I I I @ I I I I @ IeI @ IBI @ I I I I I I I I I I '@--@__@--@-@-- @-@-@--@:@-B:@--B-@=@-B -Gt--@_@_B @ IBI IBI @ @ IBI IBI IBI IBI @ enforceability ofsuch provision under the larvbf any other jurisdiction shalr in any way be allected or impaired lhereby.
All documents required under the Credit Agreement shall be in English lrnguage.

geofd ocumetlls: The Credit Agreemenl shall be governed b1, and construed in accordarce rr rth lhe laws of India.

R. Larv La a @ @ @ @ I I I I I I I I I I I I @ @ @ I I I I , I I @ IBI Itan ti2 I I @ I I I @ IBI EJ I I I @j l.::.
I I-B I I @ I I I I I I @ @ @ @ I I I I I I I I @ @ @ @ @ I I I I I I @^ S. Arbi trn tion: S,I s.2 s.3 S,4 Any dispute or difference between lhe parties herelo arising our ,rf this Agreemenl shall be settled by arbilration in accordance rvith the tndian Arbitration and Conciliation Act, 1996, by one or more arbitrators apl,ointed in conlormity wilh the said Acl and an award in pursuance thercof shall be binding on the parties.
The parll, \4rich seeks to submit lln, dislute to arbitration shall notily the other party in rvriting nol less lhan fo rr lr eks in advance of the proposed dale ol subrnission of the dispute lo arbitralion.

The place of arbitration shall be Mumbaj, India and the hnguirge in arbilration proceedings shall be English.
The Bororver'irrevocably and uncondilionally rvaives any obJe.lion which it may norv or hereafter have to the choice of Mumbai as llLr veuue ol arbilralion arising out ofor relaling to the Credit Agreement and docrrmenls executed pursuant lherelo.
The Borrotvsr also agrees thal an arhrtral .rward against it in any such arbitration proceedings shall be conclusive cvidence oF the fact and amounl of ils indebledness and ma1,be enforced and ,.secr,ted in the Borrotver's Corrntr!- on the slrength of a dult, cenified true c()pv ltlereof under ils applicable las s for enlorcement of a foreign arbilral au l rd.
The Borrorver hereby consents generally in respect of anl arbitration proceedings arising out of or in connection rvilh the Credil Agrtcment and all documents execuled in pursuance thereof, lo the giving ofany relief or the issue of any process in conection with such proceeding: including without limitation, lhe making, enforcemenl or execution a,rain-s ani propert_y rvhatsoever (irrespeclive of its use or intended use) ofar,\.
an rd or judgement on such arvard s,hich may be made or given in such pr,,ceerrings.

To the extent that lhe Borrou,er may hereafter be entitled in any .purisd rclion to claim for itself or its property, assels or revenues, immunity frrr6 51:11,iss of process, attachment (wherher prior to the entry of or in aid ot erer ution of an au,ard or,upon judgement or olher$,ise), set-off, judgement or from uII 'f MlNl9 (.r ll -rA?r + '"' (\\\'>i/ ..'-:-.
::7 ffir l,il \hlil 25 L: --@ g -@--@-- sr I I IBI @ I I @ I @ I I I [B tr] @ I I I I @ I I @ IB r-sl I @ trl I I @ I I @ I(el I I I @ I I @ I I I I @ IBI @ IBI @ I I I I I I @ -@I IBI @ IB IBI -@I IBI I-@ IBI @ I I I I l!

:>r I @ I I I I It@I -i- L!g =.


B LeI I@ IT Ig BI : I I I I @ I-gI I6> IEI I @--@--@--@__@-B:@__@__ @:@-@--@-@--@--@--@--@--B--B--B iBI IBI @ IBI @ I I I I any olher legal process on lhe grounds of sovereignty or olherwise, and to the extent that in any such jurisdiction lhere may be attribuled such immunity to itse.ll or ils propertl,, assels or revenues.
ihe Borrorver hereby irrevocably agrees nol to clarm and waiyes such right to immunity rvitir respect lo its obligations under the Credit Agreement to the fullest exlent permitted by the larvs of such jurisdicrion.

T, Noticcs: Any notice given and any request or demand made in relalion to the Credit Agreement shall be sufficientl), given or made if sent b1, registered air leller, authenticated SWIFT or far.

Such notice.
Such notice.

request or demand shall be deemed to have been duly given or made rvhen il is duly dispalched / transmitted lo tl.re party to $,hich il is required to be given or made at such parl\,'s address specified below or al such olher place as such parl,v may designare in rr,riting.

Wiren an1, notice, request or demand is given or made by relex or fas- the parr1, "ona"rn.b shall also send rvithin a reasonable time a conlirmalory cop1, 61'ru.n teler or lax bv airnrail post.

$1I NliNr9l \ i) 26 7: i:.


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I I I _@ I @ I-@ @ elI I I I I 1 I .=,] I I I [5] Izt;> I trsj I I I v4, i I aB IBI BI I =l IBI Ia I I =I I I I Y tvlll.lii:: rct *11-. ,' oti ,'.1*r=-*,* ';q ,1' .

!- | r, i BORROWER EXII\4 BANK The Govemnrent of the Republic ofSierra Leone Minislry of Finance and Economic Developtnent.

Treasury Building, George Slreet, Freeto\\,n.

Sierra Leone.

Attention Telephone No Far No Email Finoncial Sccrctan, +232-22 -22221 I I 727 7 Zt) +232-22-228472 fsecretary(glmofed.
go v. sl Export-lnrport Beurk of lndia OIIice Block, Torver l, 7th Floor, Adjacent Ring Road, East Kidrvai Nagar, Nerv Delhi- l I0t)2i Allenlion: LOC Group Telephone No:(91-l l) 2460770() FarNo: (9t-ll)20815029 SWIFT: EIBIINBB Enrail: eximloc@eximbankindia.

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I I l--el L={ -BlI I ' @--@--@--@__@--@-@--@--@_-@--@--@_-@--e--e--@--@--e' \ lN WITNESS WHEREOIT this Agreenrenr has been signed in duplicale on behalf ollhe partres hereto by persons dull'authorised rn this behalf respectivelv on the date ard place nrenlioned herein belor' --@--e IBI I I I I rar I I I [:.
: B er I SIGNED AND DEI.IVERED on beliallof TIIE GOVERNI\tENT OF'I'HE REPUBITIC OF SIERRA LEONE by the hand ofits dull,authorized ofllcial ) Dr. Patricia l,averly, Dcputy Minister of Financc ) al Freeto\\,n.

Sierra l-eone on 1he I 3'r' day ol' October 2019.

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[q,-T- I -@I IBI I [5J I I SIGNItD AND l)[l.lvERED bv EXPOR'I'- IN,tPOITT BANI( OF INDIA b\'the hand ol1!ts.

Mcena Verrrra, its General Manager at [jreeto\\.n.

Sierra Leone on the l3tl' dayofOctober2019.


I BI @ I I -l I I I @ -@I @ I-B @ @ I I I I 0"u /r Y '(_ i \$*^'q' N{/ I G-j I fi-) I E sEit t I I l ' \ ,.. H srm IBI IBI I Elr I I @ I I @ I I I @ IBI @ I I I @ I I @ I I ) ) ) ) ) ) ) ) 2S @--@-- @:@-@--@__@__@:@_E-_@_@__@__B-_@:@_ I .

e _e__@__e IBI @ I Anrrcrr, r t J (irridt,li tl fol Ilirl d i Ii lrrtl l'rrr u l'cnlcn Pr cetlru'c il The Borrorr,c,r shall loluard a cornrrlpre car ^r,L^ .-_-- rcnder docr,,nerrl;l; il;' il J?l)rlil".,lil process.
":;i,,f*l::,1,,,j".tn; crra and r t( rd er b. Teirder docunrenls will i;.

:r_]-"^ Ol: *nrrl.re rn all aspecrs;rnd sha nor be .sln, rive rn nalure ard shall ersurc grealer paiticiparion from inOlan conrpanies l)a\,r renl terms shall be linked ro rnilesrone ""f,i.

*ii*ri, ,.i", if," fro.,""r, Exinr r.rnk nrry restrict the advancg pn1,msn1 up lo 20% of rhe corrtru"i 'alue.

I 0olo of th conrrail value r'ill be rerained and drsbursed ;r ,i;;;;;;;illarion and comr) isro: rnu ot'equiprnenr suppried irnrrer rhe.
proieci ;;;;;;;,';;;r, sha, irrcrude purd,rei danrages in rhe range o I t _s,2" ol rhe conir*i c Exinr Bank ui' invite Erpressro, or rrreresr rronr Intrian conrpanies/en ries rnri underrake a pre-quatificarrol "_:l.l*.r;l ;;;;;:, rhe risr of pre ,uari ie<r conrparries /entities r'i, be provrded ro dr" sorr'ori,Lrl Trre Borro*,er sh.

ir , irc bids fiorrr the pre-qualified .onrp,ri"V ,,iir*-""" " "' i"ri"rrr., ","ir.
d. The Bo,rrorver nral, conducr ,competilive bidding procedures amor lsl he prequalified mnrpanies in acc-ordance s rrt, preun,tffi.ocurement larvs.

, iles , nd regulations of l'e Borrorrcr.s Countn.

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ttui tf," o*,,_d of the ..ligr rle Contract to rhe Seller is made in n frl, onO irir,rp.ent marlner.

lhe r res : nd regurarions of lhe [ro'o*'r,g countn rerating to comferirive bidding sr ,ura be clearl'delined antr derairs or\r'hrch.rio,,ra i. iro";iJ','o u*,n., Bank in atr rrrr.
:r e il-a,entitr is lrrackrrstt-tr br anr.

nrurtiraler.r agenc'or inl\, aurhorit-\.

irr hrrr , r,r rre .cr:iilv "irr ,,nr t"-.iigiti.

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n",,t,, ,r ;re "' Borro*er's ('olrlr\.. srclr prequalification process nor the tend"ring p,oc"i5;--:'- f The Borrorver shall e.rpress rhe bid price only in Dollar (US$); g- The Borrou,er.rnari drafi ih" .,-t.*r ,uitl., scope of rvork and price and 1 r.r,mr nt schedures on rines sin.rirar to the DpR uro trr"lara"r a"ocu,n"nt.. under tl,- bro rd erpendilure heads -qenerar'r' slated in DpR.

,rr" incrude suita re st,-r- headings of expendirure ro d"f,n" rhe cosrs ;l;;;;;;;),.
Any devialior rn r re contracl lhe DpR and ire tender ao"ur'.nir' ,lrorld be supporr, I rvrLh detailed justificalions for such deviations.

"orrr*rl.,ourd 'is-a-yis h 1'3 Bank-sha, anaryse the drafi conlract to ensure lhat the same is in line, rrh llre lhc same .ill trc DPR and the tender documents.

In case of ,"y -alr.i"p"r"y. :r ir'tiNl5IFn,- { lt -29- (.
; t' li @ d,, I@ UI I E-t A ilI @ aI e I i t' z-- i, G I I @ I I I I @ IE IBI IB IBI trl I I I @ IBI B @ @.t IB I I I I I @ @ I I I I I @ IBI Ifi= IBI @ I I I I .

: __@--@--@__B--@--@:B__B-@-@-@__@:@-B--@--B--@--@--@ I referred to lhe Governmenl of India after obtaining clarifications from the Borrou,er.

Exim Bank may.

il required- provide its inputs to the Borrower on dralling the contract.
After the bidding process lhe Borrower rvill submit a copy olthe draft contract and the bid evaluation report to E\im Bank Exim Bank shall analt,se lhe said report 1o ensure fiat lhe contracl is being aNarded in a fair and transparenl manner and convey inclusion oflhe contract under lhe Credit to the Borrorver, j.

In the event of any devialion lrom the procedure of bidding, lhe Borrorver shall provide a detailed justification for the same to E\im Bank, rvhich.
in tum, ri,rll seek lhe decision o f the Government ol lndia, regarding approval of such contracts.
k. The Borrower shall award the conlracl in accordance l,ith lair and lransparent evalualion criteria and procedures, Exim Bank rvould resen,e lhe nghl to keep in abeyance all contracls lhat are violative of the norms of lhe transparency and lair competilion; l. The contract is betrveen the Borrower/its nonrinaled agency/Bu1,erlerecuting agencv and the supplier or contraclor l"rort lndia rr,hose seleclion is the prerogative of the Borros,er.

Exim Bank shall not be responsible for such selection.
The responsibilill lor the implernentation of thc Project and therefore fol lhe au,ard and adnrinistration olcontracls under the Project resls rvilh lhe Borro\,er I E' IB &J I3 BI K' @ uI'( MtNrSl F P .-1 it/ -...)$ ,,F;ffi,:+ff,:iF -i0- IBI IBI @ I I I @l I I @i IBI IF fG{ I I BT I I I I @ tri I I E=r i I I G] I I F=r I trBl I I tr- *-S: Gl I I-c:lt I I IBI @ IBI @ I I I I I I @ IBI @ IBI IBI @ I I I I I et--@--@--@ - @--@--@:@--e--@--@--@:@--@_-@__B__@__@_-@- @ BI @ @ I I i I I Annc\urc II CON'I'RAC'T INCLU SIOn- (On the I etter head olthe Government ofthe Republic ol'Srena Leone) DETAILS OF THE EXPORT CONTRACT TO BE FINANCED UNDER CREDIT AGREEMENT DATED BEI WEEN _(NAME oF RORROWER)_ AND EXIM BANK I 2 J 4 5 6.
7. tl.

9. l(l tt No.

and Date of Contracl Name & Address of Importer Name and Address of E\porter Currency ofconlract Value ofContract Deferred Credit : : : : : USD USD Descriplion ofEligible Goods and Services : Vaiue ofGoods and Senices to be sourced from lndia: USD Deliverl'Period Pre-shipment inspection agenc\,.

l PMC (Nanre & Signaturc of Autholized Signatory/ies) I I @ ts=, I,a l\> I I - {e)) I I-BI k--= I I re', I er FA I I I tri-) t7=.t It., ,.
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r, ..\ t' i\I EN'I' ,\ I : ,I'I IOIt IS,\',t-toi\.- (On the lelter head oI Go vernment ofthe Republic olsierra Leone) .,\ nner rr rc I Il E\port-lnlporl Bank ol India OIfice Block.

Torver l, Tth Floor.

Adjacent Ring Road.

East Kidtai Nagar.

Nerv Delhi- l l(X)23 Dear Sirs.


Re: Dollar Credit Line of US$ Under the Dollal Credit Line AgreenGr darcd Contract valrred at US$ betl.een ....'.._......---- (Seller) and (Buyer) I @ IBI @ I I I I @ IBI IBI IeI BI IEI.l B IitL> I I I I E1t we rrish lo inlbrnr )ou lhal the Sc[er has prcsented to us its in\oice durr cer.

(il llurer lbr an ar)lounl ol'USti _ in respect of *adrance poi,n.,ant abo'e (:o,tract / *supplies nrade / *se^,ices renderetl bl the Selle'to the duver.

I ol'rele tton rrrorre\.


under thc aborc contracl.

ri b. llrc rti.'

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tenl \\/e ht'.cbv irre'ocabl), atrtlrorize Irxinr llank to .rake pavr,ent ol'rhe said ar,otr, lo lhe designaled accounl of the Scller in accorci:urce rvith thc irrstruclions ll)al tr)fl\, have beerr given by, the Seller lo Exim Bank.
We agre, amount so paid bl.Exirn Bank to the Seller shall be deenred to be an Advancc Erirr Bank lo us out ol the Credit arrd the date on which Exinr Bank shall paY anrount liorrr l\'lunrbar shlll be (5:etrrerl to be the date ofsuch Atlr.ance.

ol' la\ r thar nad r'nri IS:I; lcn( lhe bv the We Ieqrrest Erint Bank to adlise rrs the date and lhe iulouDt ol'the AdYance , pavrrenl is made bl, Exinr Bank as aforesaid.
r )ti lir'r ti: G: 1 E IB f=r r-ei i Yours liithlirlh,- +l'lelse delele tJricher cl is nol appircable.

(Narrrc .t Signalurc of Arrtholizcrl Sigrr;,ion ics) 'ji 'l ivllNtS r58 nlfttr 0 '\.

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-:2 - Gr IBI @ I i @ I I I @ IBI IBI @ I I I I @ IBI IBI ItA --@- e-e--@--@--@-@-@-@* @:@_@__@__@_@--@__@__@__B -..-: @ I @ @ I I I I I @ -@I I @ I-@ I I I @ I @ Ire @ I I I I OPI NION OF LEGAL OUNSI' oF- r'H E BORR OWER (On the Letter Head ofLegal Counsel ofGoventmenl olthe Republic ofsierra Leone) Errclosrr r e I RellNo.

Exporl-Import Bank of lndia Office BIocI, Torver l. 7th Floor, Adjacenr Ring Road.
Easl Kidrvai Nagar, Nes' Delhi-l 10023 Dale I a I lEri I llc Credit Line ol to Atln: Mr/ Ms @ I I I ->-I :=i I IE'I OAME), a Counsel and Legal Adviser ro lhe Ministry ol___.

l-_=-.- Governnrenl ol Line Agr_ee,nenr-f\he AgEern6ffliared _ lmport Bank of India (Exim Bank) and the -- ('rhe Government') have examrned the Dollar credit ,ig""afi ii"-u" signedl berween Exporl- - Goremment for a Credir Line ol.
(*the Credil) agreed to be nrade available bv Erinr Bank to the Govenltnetrt @_r I I h conncclion rvith this opinion I rra'e examined the conslitution- rarvs- decrees.

.judiciar decisions.

rules and regularions of -........--.._ 1.fhe Republic.,l _a ,u"t agreemenls- inslrumenls.

documenls and olher -aterii6-nsid"red neiessary-or desirable for.lhe opinions hereinaller expressed.
-.- @ I , I I I I BI = I I [= Int-3 Ire I Based on the foregoing I am of the opinion that : (a) lhe Go'emment has furr po*,er and authority to execule and deriver the Agreement and to perform its obligations thereunder; (b) Mr and / Mr Mintstn, of authorit_r, 1o execule in the name and on behalf of the Govemment; the official(s) representing the Government of the Republic haVhave full porver and and deliver the Agreemenl and all documents pursuant therelo .f MrNts uI ,<-.
".\ (\'l\/ tr:l I I E. I @ I I I @ IEI @ I I I I I @ IBI @ IBI @ I I I I 7A 0t + fl#N.. ri sjEl=.t€-s g e g g rc @ I _-E--B-,B_ B E G, € € -@--B_-@--B_e:B--@--@__@--@__@-_@_@__@ I =, @_@__B BI IBI (c) (d) lhe aulhori/irlion and an.'

olher procedures necessar' lbr implemental ,rr o- tlre Agreemenl ha*e been ellected :utd contpleted b' dull, authorized persor , crr ities of lhe Govemmenl.

- therelbre.

the agreemetrl has been dulr.

aLrthoriz,ed bv arrd nrade- s rred and delivered/ nral' be nrade.
srgnetr and dclir ered on behaif of the Go'er,c.r and conslitules/ rvill conslilute a ralid and birrding obligation upon lhe Gor.e.

: rlrrl u,i1h regald lo all tls lerrns iurd corrdiliorrs 1'he opirricrrrs herern crprrrsscd art' lirrrrletl lo tlle nralrers gor cnretl br.

lhe l:r : tr the l{eprrblic ls applrcable lo rh!

'co\cnlnent lnd r r,\r)ress no opirrion as lo rhe Il, ,1, 1111. ollrer.lltrrsdtclruD Yorrrs larllrhrllr.
(Nlnre & Signaturc of the Lcgal Corrnsel) *Please deletc rrhicheler is not applicable r(5 --l(-: .l ..|. ]

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:l' -t' I @ I I I I I IeI IBI @ IB @ IBI @ I I I I I I tGl I I @ I .t I I I I @ IBI @ IBI @ iBI @ IBI IBI I I a I I fs.. ,E-;t I G] I I t--^: l!,-:'l , l-.-= e, J_ I I le) -- B !
IBI I I I Ia:J I-@ Ia:: @ ,l I I @--@-- @--@__@--@--@--@__@--@--@--B -@--B--@--@--@-B--@-- I I @ I I T IA H TORIES WITI{ PI IME ITE (On lhe letter head ofGovemnrenl olthe Republic ofSierra Leone) Errclosur e ll Ref No Export-lmport Bank of India OfEce Block, Tou,er l, 7th Floor, Adjacent Ring Road, East Kidwai Nagar, Neu,Delhi-l 10023 l)ale Re: Agreerncnt dated_ foI.

LineofCrcditofUSD Extended by trxim Bank to (Borrorvcr) t. (NAME).

("the Borrorver") herebl' corrfirm lhal the follorving persons are.
jointly / severally*, authoriz-ed lo sign all docurnents thereunder including Paymenl Authorisations and to represent the Borrorver in connection s,ilh implementation of lhe Agreement : (Designation) Nanre __ Desiqnalion Spccinrcn Signatrrre *Please delele s,hichever is not applicable (Nanrc & Signature of Autlrorized Signatory/ies) Stamp )+li -:i $1' I MINISIFT \ \:rlfl'.

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