Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697751764781.pdf (Georgia)
I O,\\ \ Lr Il Bl:lt 8s,)s-{lt' Loan Agreement (Nrtionrl lnnovtrio.

Ecnsysr.m projecl) lEtBar GEORCIA .nd INTERNATIONAL BANX FOR Rf, CONS'TRUCTION ANI) DEVf,LOPMl;NT *rn Jg' Wcl- ,roro LOAN NUMBER E59TGE AsrE mmr darci etr" LOAN ACRf,EMENT lA-, L-\ .

2016, bcrwcd cEoRclA (-q":919,1 ud rNrEr(NArroNAL BANK FoR necoxiiruL:iroru- n-r.ii DEVELOPMENT C.B.nr').

rlc Bono!.ic.,od tri.

B*k r,.."uy "s;* i"ir;;, " '" ARTICLE I_ CENER L CONDITIONSj DEINITIONS 1.01.

Thc Gcn.ral Conditions (l' d.fined an th.


Appcndix ro rhis Agrecnrcno .onsrinnc m inGgmt psn ot'lh is ASrc.rncnt.

r.02.

Un lcss 0rc mnreit rcqu iltr orh.

is., rhe qprtr tiz.d t..n6 uscd i[ $; Aftcm.

navc ul.

mcanrtrSr ascribcd lo thcm in d,.

Cencmj Condirions or in rhc e-ppcnair lo this A8r.cm.nr.

ARTICLF,II - I,oAN 2 0 I Thc airt agks ro tcnd ro th.

Bonower, on thc tcrms und condit.

otr!

sct fod) or rcrcn.€ to m thrs AgE.|ncnt, rhc amount of forty mi ton Do.lar, (USD 40,000.000).
es ru.h,mount mry bc cotrv.nd fmrtr timc ro lim€ hrcuoh; Lu.rtrcy conv.Eion in ec.ordanc.

w h rh.

pmvisions of Sc.lion 2.08 o!.

;his Agreehenr C.Loan"), ro &ssrsr rn financing rhc pmjccr d"r",tbcd ,; ilJ,,; i';; rhis ASiE mcnt (.p,oj.cf) 2 02.

Thc Bonower ma) wrtldmw lh.

procccds ot rhc Lmn in accordarre *rth S.crron IV ofSchcdLrlc 2 lo lhis AArc.nl.nr.

l!

ol.ll::-9...*- pay.blc by rl,€ Borrowcr shal bc cqual ro one quancr orooc pcrctnt (0.25%) o f th.

Loan alnounl.
Loan alnounl.

,rt , * I: a"rr.,lT:1,-9.nargc psyabtc by rhc Borrowcrshs hc cquatroon.

orlan.rot.

- -.

_ .

', ", o.c percent (0.2S%) pcr.nnum on c U wirftdrawn t.oon Urfrr- 2.05.

TI.

int.rcst p.yabl.

by rhc Bomwcr tor och rnrcrcsr pcnod shal bc { a rllc .qual ro $e fuf.nncc R!r.

for thc Loan Cumncy rlus rh.

V^,i";;i,;;;: "rAr - "ry rc.t,i,r;;,;;il;ili1Ii:; providcd.

rhlr upon a Coov.

",- rhc,t,!o, rh.

irt rEsr paysUt.


oy,r," ao,-*'..'jrnnl ;i; iJ",.^:ffi "i:il:I,; such n,nounr shll b. d.rennincd in accrrdancc wirli,h.

Anicl.

lV of rhc ccn.rat Cond;rions.

Norwrthslrnd,n, ,tf rnd-^;-_ .r ^... "1""r;;;;;;;;?

nmounr of rhc.

wirhdnwn Loa, Oa" .

".

",* rip"ta.

"h;; ;;; rxi,r:.

;, "il] prymc continucs for a pcrioa of thi.ty days, trrci ri; ;;i;;;;;i:l;;: -2- Dorrowcrsha in$.rd bc cat.utrr.d rs providcd in Section j.O2 (.)

ofthc Oenerat Condirions I 08.

(tr) 2.06.


Thc P.Flent Da(cs 6rc Morch l S and S.pl.mbcr | 5 in cach fc{r. 2.0?.

Thc principat .mount of th€ L.an shr bc rcprid in accddsncc wid ttE aNonintio.

schcdu,.

s.l fonh in Schedut.I ro rhi; A8r!.r";i.-..^' -- -" Il|e Borrow.r nMy .t lny tim!

r.qucst .ny o, tt|c torjow,nc ConrcArons or rDE '.mi or-rh.

Losn trr onlcr ro f.cijihtc pndcn( d€bim"""";,;";;.

(i) a chanuc ot.rhc L.an C",*,"y .f "x ".

";i ;;;;;;;;;?

;;:ili ,mount of th.

Loan, w;thd*sn or unwi,M.


*fl, ," .

; i;;;;; Currcrc); (,ir !

ch,ns.

of rhc inrcrcs rrre trsis rppii.

;;; ilifii; any ponio,- or rh!

principll amounr or rrrc fmn *hh;.

;,;;-;; oursranding trom a vari!bb Ra(€ "".

*, ".isi;i or any po.rion or rhc pJincipnl a,,ounr or UE 1""" "l;;;.
;:;; oursrandrng tiom a variable Ratc based o r Refercr,ce RsG and ih; vrriabrc sprcad ro a variabtc Rarc bascd oo a Fjxcd R.t ";;;# rhc viriabrc sprc{d, or vicc vc6ai or (c.) al of rhc princ^i;;;i;,r;i,.

"*; I_oatr *irhdrr*n andouclrnd,ns from, vlnabtc R;t. h;;;;; i;;il;; sprcod to r vrriabrc R!r.

bosrd on a F,)\ed Sprcld, r.|d (iii) thc icninr ^f ti,n,r( on ftc varirbt.

R.r.

or rhc ncfcrtncc itorc appricabl," i;;;;;il, poniotr ofrh.

princips I .mounr of rhc Loan wnhdnw;.;;r;;;;;i.


;a rhc cnabtishnrcnl of rr Inrcrec Rarc Cap or tnrcrcsr R i"'c;il;;;i Viri.btc Rrlc or rh€ Rcfcrcncc Rate ro a Iixcd tutc, o. vic" (b) Any coDv.Eion r.qRslcd pur$aJn to pamgaph (r) of this Secrion lhat is acccprcd by rhc Ba,rr shal bc consid;sd; .rco;;er;.

"", * a"i,,ia t" the Cencrat Condir.o s, and shal be cficctcd t,, "".

".d;;;;i;i;; pmvisio[s oIAdicL tV ofthe Ccnclat Condirions and of rf,c On"cr.i.,, Oui&tincs.
(c) Pmmptt)- fo ow,n8 rlE Ex.furrcn Drrc for an tnr.r.$ R tc CaD or tnt.r.

( Rate Co['r ror whrch ft Borro*tr rrr rcqucsrca rrr;aih;;rt;;; prid oor of rhc roc.cds of drc Loan, rtrc e*k * t;ii"i,i" Donow.., withdr.w frcm $.

Lorn Ac.ou.l lnd p.y ro ir"crrir," irlo,,"i. r.qurred to D.y any pF,rrum payabh in .cco.d.nc.

$irh Ssri^n .

os,;i r,tthcGeneratConJrtionr up ro thc amourt rtr(xat.d f.,r, irr" i",,"ci", rhe ptrFose ,n thu hblc rn Secrtr,r Iv .rfSchcdvtc 2 tu lhii Agec,n.

r. "h"tr.
r. "h"tr.

ARTICLE IIT - PROJECT 1.01.

Tlr Bono\Nt.

dc.tar.s its commihcnt lo thc obJ.clivc of thc proi..t. .Ib rh is .n.t rhc BonDErr si' .

!rry our rhc pmj.d,h-;eh il; d;u,"( r;*,""iil,i'",:j -3.

TrlhrcloB/ Agcncy (GITA), in r@odancc with thc p.ovisions of Anicl.

V ofrhc Clncral Condidons.

3.02.

Without limitrlion upon rhc pmvisioor of Sccrion j.ol of this A8rccmcnt.

and .
and .

)(ccpt .i thc Eomwcr and thc Bm& shlll orhcr$isc lgrcc, thc Bormwu shatl ensLrrc tir.t ttc Project is carricd oul irr acco.da.cc rirh rh; Fovisio,rrot.sch.dute 2lo this Agrcam.nt.

ARTICLf, IV_ RDMEDIf,S OF THE BANK 4.01.

Thc Add ifioo.l Evcnr ofsusF sion mnli$s ol mm€ty, thlI ftc CITA Lcgistation hts bao !,n.ndd, susp.rdd.

abrogrld, ltpatcd or uiv.d so rs ; !tT(r m.Erirlly ,trd advcBcry, in fic opinion of th.

B.nk, rhc rbitiry or lhc C|TA ro crrry ort th.

Proj..t. 4.02.
Proj..t. 4.02.

ThcAddirionll Eycnt ofAc..lerarion coEisrs of nametr, thar any.

!ent spccificd in Sccnon 4.01 ofthk A8rEcmcnt occu.s.

ARTICLE v - EFFECTIVENESSi TERMINATTON 5.01.

Thc Add irionr l Condir;ons ofEffcctivcncr, consisls ot.h.

rblorvin8i (0 ) rhc Projd OrEdr iotrs Manua I ths r,e.n adoFcd b!

rl,< tlon nw., .

rrtroreh GITA.

;n a manrc.0c(cprabtc ro rhc Bid(, (b) CITA has sclcctcd r projcct coordinalor.

procur.mcnt spccidtrsl,,:nancist spcci.lilt!

ard slfcSuards so€cialis!


0 wilh tc.rrs oI 'n.n.8€m.nt rcfcrcncc nnd io !

mdnn r sttisf.ciory lo tftc Btnk; and (c) OITA has modificd i$ ac.ountinS systcm sonwar€ to suppon project lccoundnS and rcponin& in I mrnncr acccptabte lo the Bani.

5.02 Th.

Eff.div.ncrs Dc.dlin.

is tl8 darc one h ndrcd n.d rwctrry ( t20) days ancr tlc dsrc of lltis ABrc.ment.

ARTTCLE yI- Rf, PRESENTATIVE| ADDRF-SSES 5.01.

Th.

Borrow.r.s Rcpr.scntativ.

is its Min istcr of finrncc.

,t. 6.02.

Th.


Borrower's Address is: Minisrry ofFinancc I 6 Gor8rs.li Slrlei 0l t4 Ttilili C.orsa, hcsinrile: 995322262423 6.03.

Thc Bank's Addrels ii: Intcrnarional 8.nk for R.conskuction ard De\elopm€nl It l6 H Sr.c.q N.w Waslington, D.C.20413 Unircd Siates of Am..ica 24Ea2l@Cl)or t-2l24't't-6)91 64 r45(MCD -t- ACREED.T Tbilisi, cco.gil rs ofthc d..y lld rr5r firsr ibovc rvrin.n.
CEORCIA By N.,,!j lvaDp n RHd t) uR t Tirlc: /r I /V.r\ 5fF * nF A>,/qrF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMDN'I' By -6, SCHADULE t prci..l lr6.,iptior _ , T,hc ofi..lrv( of rhc prq.cr ,s ro imris.

;nnorxriv.

,crilrrici of fiml., .nd nlorv'dIatr rtl.

tiorro*cr's r.ritoD.

aid thcrr panr,patron rn rhc drSnat eonom) 'n lhc Pmj€cl consi3ts of the followinS p.ds: Pin t. hdovrtion hf.artBcnrrr (a) Dlvctop of I n.rwo* of tonovarion Hubs and ,nnoearion C.nrers in ::l-* :l::.

r:",'.
r:",'.

""d^'ill.res of-rhc Borrow.,.,s scr rodh in rhc pmjccr opcr lon; Marruar, (b)!6ign^of a B.oadbind for 0.r.topm.trr p.og,a,n ro supporrit c i,,..tarc tn looprror' rnd ot broadbund i,rr.mer scrvlccs lnd advsrced jnforn,;tion rcrhnotoo, h, r.** ;; ,;.

"i ;;;;.

;;;::;tr ;a Uisrbrc Hour.hotds and Etigibtc MsMer.

provrdrnS atD Plym.nrr lnd Etalcd r,!inin& and prtpor.rion .r rrt{ groadb6nJ # u.wropm.nt pmSram Mxluati rnd(c) pitor, rod.

rs ipplicsbt., rmpl.mcnithc Bro!db.

; ,or ucvcrop'n.nt progi&n,.


d pmvide BID prymcnls rnd Rhtcd lmirinS Parl 2. lnnovario,l S.lalcc!

"i,h " 'rse C0rr, oul ourrcach nnd communic ron acnv r.s, and p.ovrd.

lr.rn,n!

rn,j or: (a) buitd,ng th.

trnrcv*"" *rn.,;,rry ,i,i.

ii"*,*,l r.chtricul .5si!ranc.

in ald,orEan'Itrg rnd c"nryii!

out innovarion comFr,tlons: (1,, crnlinr lur p.nodic rtil; nccot ass.rsmrnts ot timr a|'d d.vctopirS diSirrt.conon,y sli s ofndilidoatsi and (c) o.v.rop'ng rhc rnnowtror c.prc;ry ofidivdurls.nd fi.rns.
'uppo Prrl 3.

Inmv.rior fimmiol (al - .

Pmv ision of March rn8 Urrnrs.

s.lc.non of E tisibtc MS M cs for , cc( iDr of M ct|n8 cranrs and suFrv,sio or M,rch in8 C.!nrs: (ut p-,iii"" "rrc.r,._iJ"iJ""l to lligibl.

MSMEs.ro prcparc.nd impt n.nt Sub-pro.i.crsr ana lcl provisrou orrccrriicai to {imulrr.

altcmativc fom!

ot innovrtion fir.ncing lnd rnlcstm€nr rn rhc 0tt'slarrc€ I'srl a. Ptr,jc(r l ptcmctrlllion Support , .Provis'on and.vrlurr;orl Dd imoacl cvahratio.
lcriviria( oftuppofl for proj€ct manr8cnEnl0trd fidociar, orcrriShr, rDo r.rin8 -7- SCIIT]DULf, 2 projcct Erctllaion SlcdooL lppl.p..artionArrrnrar..ar A. I 2.

I], l. l. I ln.rllodotr.lArr..g.m...!

Thc lrorrowcr stralt \cst Esponribitiry for lhe da) k, dsy proJ.cr impte ,cntation uctrr rcs in CITA.

w,I| t.rm3 of rcfcrc1,c.. .csouNas and slaff.

a ,6trsfacroN ro l. a.nt,.nd pursuant to tll.cr;ter s.t fonh jn rhc projccr Clpcrrrions VaIuit.

Th.
Th.

So.rowEl ihlll rEn ovcrrtl high lcvcl slrar.gic tuoclrcns rctllcd to prcidr imptcmdritiotr (o iB R.s.

rhmdlonov ion Couftil, ,nclud ing rhc furrcrrooiof providinSr (.)

h i8hJ.vct 8Lr idane on proj.ct inpt mcnrrtioni anj(b) inrcr-Dgcncy coordi" ioi PmJcci Op.rliio.s n .orat Witlout limjlatioo to rhe prcvisiotr, ofAnictc V ofthc ccn$al Condiriotrs, rhc lhroudh CITAq shatt c5lry out thc proJ.

(r i[ acco,tarrcc Bo.ros€r, a nairur acc.phbh to th.
B.nl (h. Projc.r Op..!,lrons Manuit 0,oM)), wt,ich shalt tnclu4.. iht.t alio, (a) a ddaitcd dclcription of pmjcct componcnrs and ttrcr mplcmcnhtion u'.ng.mcnrsi (b) d.rritcd p.ojc4t eo\r csrih.r.r: (c) dchrtcd nnarcra I manrScmcnt an ngcmcnts: (d).olcsand rcsponsib rI t rcs or.e;ff \vort in8 on thc I,mjccrlond (c) the MflrchingGlrnls Manu.t.

Tl.
Tl.

Aororcr sh.ltnor amend, rgvisc or waivc, noralow lo b€ arnend€d, or wriv€d, .eviscd thc prcvisaonsofsaid pOM orrnypan ft.reof*, rorr rf,c Uari.sp.ioi "irrr lh provrs,oB ot th's Agr.cmcnr shi pnvnit 'lc.wen'.9|a1t} i,,contirrcoc) bcr*ccn rhc pOM xnd rjrs Asrecn,(nr, rrlc Brordb.rd-for-Dcvetopmcnr pmgrrn M.n!.t Wirhoul limitrtio,t to lhc prolisjons ofA ictc v ofthc (jenlmt Conditrotrs, thc Donow.r, throtrgh (,1'I4, sharr carry out pan t{c) or th.

proJecl ,.
proJecl ,.

ac.ordancc qrlh a nranual .rcccplablc lo thc Bdnk (rhc Broadbrnd to, D$;loo,nent prosmrn Thc Bonow.rshatlnot rm.nd, rcvis.

or war!

(, mr a ow ro b. amcrdcd.

rN.scd or warvcd.

ti.

provisions of raid Broadhond for D(vctopment prog,h,n Va u0l or iry p{n $crmf withoul th€ Bant's prior wri en conscnt.

-8. ln th.

avrnr of an) inconsrstcncy bcr*tcn rhc Sroadhand for Derctopment P.oSr.or MrnLrl and this Agrcemcnt.

lhc pmvisions of this A8r.en.oi stral D. Bro.db.


l for DlvclopBlni pnErrm For purposcs ofcrrrying ort Pan t(c) ofrhc protec(.

the Bono*cr.

rhrough CI.t.A, shrll: G) S€l.d nd hirc.

lft.t finsnci.t iNirurion salast ctory ro tftc ltank, rndt.

rons offtt rcnc.

sct forth in thc Broadbnnd for Dclclonrncnt pmo m Mrnuil, d in accoidinc.
wih rhc provisions $t fonh i; S{crion fil or this Sch.dulc, which shall bc rcsporsible lbr mrnagin8 ally lppUcations frorn,6nd thc provision ot.ny 8fD payor.nN ro, Dtigibtc tiouscho,ds ond Eligiblc MSMEs und.rfic Eroidbard tbr Dcv€toDlncnt pmSrami (b) Ensurc th.

p.ovisiotr ofrmitring und6 tcrms ofrcf.rcncc sslisfactory ro lh.

Banl and set fonh in thc Bro.dbond for D.v.lopm.nt p.oSErr M.nual, rnd in accordlncc with thc proyisions s.t lbrrh in Scclion ijtof thii Schcdulc, ro El;giblc Ho$lholds and E,i8ibt.
MSMEs prnicipalanS in thc Dro.dbs.d for D.vclopmcnt progra ;and (c) Entcr ino appmprirte ,rrs[8.tn.nts with scrvic.

s.d cqu;pm.Dl provdcrs.

including iny lppticrbtc chctrDnics storcs, information l.chnolo&v dcvicc msnuflcaullrs.

inrchd lcrvic.

providcB, and Irsining provid..s, $nd€r icms and condirions ncephbtc lo thc Ba,lk, and i; accord.nc!

with thc provirions scl fodh io S€.tion It ofthis Schcd t. for purposci of assislinS lh.

Borrowcr in ahc itnptcmcntrtion of rhc Broldbrnd for D€vclopmcnr po8ram.
T. Anll.corruptiu, 'thc Bono*cr all .trsur.
lhat $c Pmjccl is cari.d oul rtr accordance wirt thc provisions oflhe Anti Conuprion Cuid.tin.r r. l Sub-Projects -Dtc Bonowcr, thrcrgfi CIIA, shrll tukc M chitrg Olsnrs to [:tigibtc MSMEs tor lhe implcmcnhrion of St n-up S{b-proje.tr or Innovarron SuUfro.jccrs lertr a "SrEPro.,ccC'), in lccordrn@ wiri .liSibitiry crirc.ia and ,rrrcr.Jurcs accepiabte ro he Banl s.l fo(h ir the Matching cranl' tltanuat_ Upon thc rpprorrl of any givcll Sub-P.ojoct, lhc Bormscr, thNugh C -A. ,hi providea MrtchingOranr ro lhecorcspond,ng EISibrc MSME pursurnt toa Sub- ,9- Crant Agr..mlnt on renn3 lnd conditionr lpprovcd b, rt,.
Botrk, u.licft (ha includc rh.

l'ollownrs: (r) rhc Borrotrcr, rhrouSh CII"A. sho ohain riglrls adcqu c rr, p,orccr it\ rtrrer.srr md thos.

of thc 8ant, inctodinS lhc righ?

to.

(i) suspcnd or-tcrmind.

usc of rhc procccds ot.a iltxtchrtrg Cra l. or ottrin.

Efund ofa[ or any pin ofrh.

flnlount ofthe Mlrchhg Cmnt_th.r *ithdnwn, upon fritun by lhc pcdr e uigihl; MSME to pcrfom ary of its obtigal,ons undcr ih.
c.rilrpo;rng Sub-C.ut gr..lnot; and (ii) rcqliEcach Etagibtc MSMD lol (A) csny out rhcp.niEnr Sub-pro,ccr *nhduc Jitigcnceand cmcic.cy and in accordanc.

witfi sound rB.hniurt, cconomic, fiornciat!

m.na8.risl.

cnvimnme tat and 3o.,.1 siond.lds ,Id prrch@s sarrsfadory to lhc Bsnk, includrnS in rccordsnc.

*,rh ttrc prov,sion, ofth.

nri- coruflion Guid.ti .s: (I]) prelid., pronrprt) ir n.eded.
tlc .csonr.s rcqlh.d for rhe purporc; (C) procrrc the 8oods and s€rvjcca lo bc finaic.d oul ofn Matchnrg C..nl in occ(r,dsne rv,rt, ttl€ pn,vrs,(, s ofrlirr Agr€cmcnt, and thc provD;ons scr ronh in Sccr,otr l o,.

this Sch.dule: ([) (D) rnarntain plici.s .nd pucdurcs sdcquarc t.).nabt.

:t ro rnorrror lnd ernt nrc, ;n acco.dn cc wnh ildicatorr acc.ptabl..to rtr Bant.

rlc prugrcrr otrhe pcnincnl Sub.


r'roJcrt rnd th.achicvcm.nt of irs objcctiv6, (l) m.id.in a fin,nciat mrorScnrcnr systcnr and prcparc fiitncial stalcmcnls in ,ccordlncc with consistcnrly appti.d accol|nting nlndards acccFablc to thc Bank, borh rn a mrnncradcquatc to rcncd fic opcmtjons, .esourccs and cxpcndih,rcs r.tdcd rc lhc Sub,projccri snd (2) ar fte Bank.r or rhc Borro,veas spJmprisrc rnE Utionr,, rncluding Ct.tA.r.

.c!tr.st.
.c!tr.st.

lrauc \ueh nnanclut slurrnrc,{ s au(t .d hy rd(lF de r endrtou aacept.hlc r. lhc tJaol(.

Ir accodancu -10- *ith consisentty appli.d audirina 3tflnd.rds lcccplluc to rh.

Bant!

ard prornptty fumish rt,c srnr.Dctrrs rs so ,udit.d to th.

80.mw.r atrd rtr.

B!trIl ([l c,lble rhe Ro.ro$cr'r appmphatc nr$irufionr.

inct drnc C,TA.
inct drnc C,TA.

and thc Bant ro,tr(p(ct the,capcctirc Sub-projeci its op€rrtion and any rclev0nl rccorils rnd docunlents: snj (C) prcgare and fumisft lo$c Bonowersnd $e o{nk, a[ such irlfom{ion !i dlc Bono*c. or tll€ Blnt sh.lt rcrsonrbtv rcqucsl rctlting (o rhc lbrc8oin8.

lhc 8orcws.

rhmu8hCtTA, ih,tt.i4is.

rririthtsend cary out it, obtigat,on( r d.r crch SuForan r ASrcemcnr in 5uch mann.r s ro prorcct th.

inrc.rsl; of thc Aomvcrin-d h. Fonk md to rccomltish thc purposcs of h€ Loan.
4.c., ; ;; banx $ar oth.ers!

a8re., thc Borrow€.

sh!

I nor a3si8n.

amcnd.

sbroSars, waivc, tcminatc o. fail lo cnforcc any Sub-oi!

Agrc.m.n( or rny or ic prJvisions.

Srrcautr(r!

(a) (b) n. tsoro$er shsll rnrurc rhsr rh.

pruj..t is crni€il uut in acco,danc!

Eirh lhc povisions ot th.

EsMF.

and an!

cn!i.onmcnt.t nnna8cnr.nr plans (EMPs) pr.par.n rhcrcudcr 'lhc_BoEoscr sh!ltDor asr;8 .

lmcnd.

abrugate or *aivc lhc ESMF,.ny Ey_Pli.l, as applicablc.

o. any pmr,sron rh.r!


;l w,rhour rhc prior approv;r Sc(lion Il.

Proi.cl Monitoritr!

Reponin" an.t l:vrtuarion Ihc Borm*c,, rhroogh CjTA.

sha,l monitor lrd evahtltc thc proSr.ss ot rhc Proj€q and prcparc prcj€cr Rcpons in accordince with rhe provi;ions ofscrtion 5.08 of the Ccnerrl Condirionc and on lhc brsis of indic.rors o@ed{btc ro rhc Banl.

Ench Prcjed Rcporr shrtl covc.

rh€ pcriod oionc calcrrdar scrnesrcr, and shaU bc fi,rnishcd to th.
Bu)k iot lat r thsn onc monrh afilr th{ cnd ofthe Br;od cnle,.d hy such rcpon B, I Fin,r.irl M.mgcmcnt, Fin{ncirt Rcl,orr rnd Aodirs 'IIr Bonowcr shall rninruin or c{ur.

lo b. rrsintaircd fl llnanciat manaSrmc.r sysrem in accordarE.

wiri thc pmvi3ions o, Sc.lioo 509 of rhc Gcnfial Coodnions.

2. l. _l t- fi.

Bor.o!

*cr, rhrough CITa.

sh.I lrEp,rc rnd firmrst k) rhc Bank rcr tdcr thstr foriy-firr (45) dars ancr dr cnd oi.ach ,!m.sr.r.

intcnm rnnrdircd financmi rcport!

for th.


pmjcct covcrinS lhc scmesEr, in fonn ana .,,*,""."

.

"iirb.i"ql i; rhc Brnl Thc Bono*cr, fi.uu8h ctTA.

shrlt hav.

i6 Financiat Shl.,n.nB audit.d in occordrncc wnh rhc proririons orsccrion 5.09 (b) of rh.

C.".rt C;;;t,io';';"; arorr or lhc t-rnmci8t Sotcmcnts shrfl cov.r rh.

p.,iod orone fisr "_.

"i,r," Borowo.

Thc sudircd Fi,,.nc,.t Storcncnrs ior c.._rr ;,;;; ;;:i,;;i l: "' rumish.d ro rhe Bank noi t.rcrrhrn sii (6) month!

afi..,h" "","i;;;ip;,bd.


S.dlor III.

l4curlm€nl , 2 l R. L 9Y: wo'kr rltd No.

{otrrutriop Slrvicci.

AI sood!, workr i d non.

consun' 8 !.ru'ccr rcquncd for rhc pmiccr 6n.r ro bc fiainccd ou orrr* _*-r. o,-thc Lo.ln ttrl b. pro.uad rn icco.tancc *irh ,h. ..qri*..,i,, ;,,;;;, ;; r.fcntd io in Secrion r of rh?

procur.nE cuidethcs, ";jil Comrlr.nrr, S.nice3.

AII consulrrn$, s.ryic.s rcquied lbr rhc proj.ct and to bc firDnc.d out ofthe procc.di ofth.

Loln $.lt tc procr,*a L *"",i""".

*;if, thc.


rcqlinmcnrs scr fodh ff rcfcrrcd ro in scuions I strd rv C;;;,,t;;; Coid.lines and with ttc proviiions of rhis Scction.

il;il,;;; "fii,; Dcfin itionr.

Thc lap ilal,z(d rcnns us.d betow rn rh;s Se.lion to d.scrib!

pe,t ic!

l0r '";ri.

""., tfrtrrcm.nr md\odr o, net$oJr of rc\,sw by thc gr"r r'.tc, ro th.

rocurcrn.nl Liudttincs, or S.ct,ons I, t .


tv &nd v ofrlc consurranr Cu,riii,ni, "i,i; n,crt,ud Jesc,ib(J ,n Seliu,rs Il ,,,,t i ^Lol.spondmE- "r,r, p.. " Pe.riicuhr Merhodr of pmcl,'cm.rt of Coods!

Wo,k!

snd Non<oDrulring lrlcrmlion.l Cornpetiti!c DiddinB.

Iicept a, orncrsrsc providcd rr nararraoh z Dcrowi good!.
wo.ts and non{onsuft,n8 icnic.s shalt U. p.*",ra i"j" contncls award€d on !hc brsis of tnrcrnationrt Compctnivc Biddi;g. Ol}cr M hod-i of Procur.mcrl of Good!, Work srd Non-corrutrina s(rvrc6.

I nc tollowill8 rncrhods, otll€r rhan h{emflional Colrpctirivc 0idcile.

may br us.d for procurcm.nr of 8oods.

wo.Is and "lr -*,ri;"s ..-.

", ;i" Ilosc contncLr 9p.cified ;n the procurcm.nt pt.n: _12- Narionr, Comp.tilivc Biddin& subj.cr to lh.

addilionat pro!hions lcl ti) (ir) (ii, Opcn..mpct,r,rc p^x.dorcr.
(ic -pubtic r.ndct) sh.

be rh.

d.t.irl iJt.

A singt.

cnv.top( pix.du^.shalt bc uscd for rh< s bhission ofrcdt, *ortr, or nonaons rins *r!rc6.

lnvir0tions to bid shafl bc ad!.niuc(i in ar tcast on.

sid.lv circulrtcd n ioEt drity n wsprpcr aflo"inc m;nim,rm orrr,i.ri, (10) d.yr f thc pcprErion and sirbmission of biar' Advc.ris.m€nb pubjistEd In fo..ign tansu.Sc ncE"spapcrs n,a oe rn compliancc *irh such a J0{rr-m;nimum in oumbc.

ofd!
ofd!

}a tor bids Dr!orr ron rnd submis\i6n " Bidd'ng sha nol b. rc$ricr.d to tr.

{c8,st.rcd finns lf rcBrtrarron is r.quiltd, it (halml b. d.nlcd to.ligibte hidd.F for rcrsotrr u retared lo lh.rr qpscity ana iourccs ro ruclcssfu lly pcrform rh.

contrrd (c.&.

rnandrtory m.mbns[ip ;n prof.ssionat orS.nizttio[sr clrisifi crrion, eic.).

p;*{,].1ifi c!iion shallb.

cotrduqcd toycriry that rh?

bjddcr has thc capabitiry and rcsourccs ro succssfuly pcrform lhc cdrr.cl.

ri!)
ri!)

Bono$.FU* md _ .nrf' prilts in ccorgra \halt bc .ti8ibt.

ro paflic,Ilat..in- bdd,n8 onty ,t tr,c) can srabtist, ft ;., a.. lcSally !nd fin!,c,rly rftonomous, opccr.

unOcr cmmirciat la* !trd ar.

not a dcFndcnt agcn!)

otthc Bofiow.r.

lrorro*cF owncd .ntcrpriscs wiI bc srbj.ct ro rh.

s.mc bid and pcrfo.marc.

r.cr'rity r.quiftm.nls as 0th6r biddcls.

(v) Pmcu.ing.

ni.,s shr us.

rhc .ppmnri.r.

B.nrr s.mp t€ bidd ing do.umenls, includnrB prc{uatiricdion aocr:mcnrs, for r# p.ocirr.mc of goods.
wo.ls, or oo -consutr;n8 s.rvices, and suoi dorumena slnll conhh dEn coolracl snd conditions of contricr including ctauscs on frdud ad coroDlaon.

ludil snd publicsrion of atr?d, alt rcccptrblc to lh.

Brnk.

(vi) Bid' sh.ll trc op.,Ed rn pubtr, nnm.diarcty aftcr hc dcedtrnc for submirron ofbids.

Brddcl\ npnstntoriv.r \ha[ h. pcntrified ro olcld tlrc bid opcoinS.

(vii) Extension ofbid vslidiry sha[ bc rltow€d onoc onty for not rno.e rhan thiny (10) drys.

No ftlnt'c.
No ftlnt'c.

c(cnsions shati Uc rcqucsred wirhoul thc prior approva I of fte Bn k. _ ll_ (viii) Evaluationofbidsshall bcbrs.donquanrifiaht.critc.in.ipr.ss.U in monanry llnns rs dcfiNd in thc b;dding do.n,ncnts, r,o ,n.rn poinl syslcm and no do,n.sric p,cfcrcncc shalt br oscd in rhc .valuation ofbids.

Contr6crs shsll b!
Contr6crs shsll b!

aeardcd ro qualificd bidd€rs hrvirg submi[cd tftc lowlst ovahatcd substanrielty rcsponsivc b;d and no ncgoriarionr ihrl bc c.aried our pr!o; rir;onrracr ('r) Civil rvorl5 6616a1s ol long durrrion (c g. nrorc rhan cight.cn (lt) lnonths) shall@nrain an sprmpriarc price adjrsrrncnt ctausc, ac.cpbblc to rh.

Ban&.

(x) No bid shrll bc rcjcclcd purcty on rlc b&sis .l rc bid price ;s hid.r lhln lh.

arimrtld budg.r for thrl prorullmcnt.


AI bids sh.ll not bc njcctcd rnd new bids soticikd wiihonr the ltnr*.s priorconcurr!ncc.

(b) Dir.clCont.acriogi (c) Shoppjns; C. t. (d) (.)

ProcuEmcnl in Lo6ns to Financial tnrcrmediary lnslrrurion\ a.d f.ntitjes (com m.rc ial pmcr ices); !

nd Com,nltnir) Paniciprtjon in prc(urcmcnt' Pe.liculsr Mellods of Pmcommcnr ot Coni!ttrn ti' Scnircs "onwcr.

"*araco Qu.llty- .

!d Corr-bat.d S.h.rbn.


Etccpl.s othctulse providcd ir p6,!gEph 2 hclow, consultans tcrvrcrs 3hatt b. Focu..n und., o], ri,c bssas of Qusliiy.nd Cost-bsscd S.lelrion.

Oth€r Mcthods of Pmcu.enloot of CoNutlloli' S.ryic$ -nr fo owin!

m.rllods, orh.r than Qu.lii) lnd Cost-bdscd S.tcct;on, Inay bc r\.J for DrocuEm.nl ot'consultantr' seN,crs [or ltror.
cunrmcrs srr ch a,;rnecrtiql rn rhc Proturcmcnl l,lani (a) QL'slit!-bas.d Selcrrnrn: (h) Setecrion undc, r [,\cd AudScl; (c) ten5r Cosr Selc.rioni (d) SctstiM bascd on Corsuhanrs.

Qualil'cllions; (e) SinSlc-sourc.


Selcuion ofonsuttirg firms; (t) proccdurcs s.t fonh in pf,rigr.phs 5.1 - 5.5 of rfic Co.sult nr cuidctircs tiJr lhc Sckrlion ot hdividusl Consullfitsi G) Singlc-source pr*cdurcs ror lhc Sctclrion ot' lodividu{l Cons kmtsi.nd (h) Selccrion of Consolratrrs in t-oatrr ro Fillanciat lnlcrmcdiary lnsrilorions and Entitics (.omme.cial pracliccr) -14- Ir.
Rcvics by rhc Brnk ofpm(ur.m.rl Dccidonr rhc.P(r.n.hcnr ptan sthlt lcl todh rhosc coflrscts wh,Lh sha hc subiccr lo rhc 6.trx s Pnor R.v'cw.

ltolhcr contr&B sh.

b.:1lbjer to por Ret;rv bv rh.

Bant.

Sc.llon lV.

Withdm'rt of Ifin pm...ds l 2 Thu Borrcwcr ma) wirht kw lhc pri)ceeds ot rhe U|an in accordsoce wirh rhc p.orisrons of Adictc l of rhc c.,flitCon(r,rons.

rt,N S*,.

", *d;i lTl:::.j,:1i::.

'h: rhnr sh.

\p€.rf, b) nooc.

ro rhc Borower (rnchd,n8 rh!


",jd,,l;;i;i wo o uml DEbuBrc Gudet,n6 for pmiccrs., dstcd Mny 2006. ,s (;is€d ]11-tT:r, rlT bI rh.

snd..s nr.dc rppticibtc ro rrris alrcernc,,r punurrri Io sucn rnrkuctions), ro financ!

Eti8ibtc BiFnd,rurcs is *t fo-nh ,n $c6blc in parogmph 2 bclow.

_B,nr Ihc follo*1n8 rabtr rp.crficr thc crtcgori.s of lil,gihte l\pcndrrurcs that msv bc llndnc.,t our uf rlrr pn'cucd\ of rh.

t .|an (.Carc8oq.

), rhc , ncfl,;, ,,7,;; anounh ofrl'c L@n ro och Car.gur).

!
!

"d thr pcr!

( irg.

,t"^p"nd,tu,",,o b" Iinsnccd f., Elitihh f\pcndilures rn cach C{tcgor} Cxt.gorJ Amoudt ofli.

Loan (.xprt&d i'!

USO) (l) Coods.

works.

nor I r,016,000 too% cons lratrls s.wices, 'l Bitrint.f, d/or Opcrarifl I Cosrs ($ rhc c.s.

ma) bc) for the Projcct, illcluding MarchinSOl"tris (.xchding Pa.t l(c) ofrhe (2) Cods.

')on.

consrllanh'scrviccs.

'l rai nr8 and.rr Op€mti0g Cons (as thc case nr.)


hc) ,or P n l(c) ol Lhe l,rojccl, ircludira Ilm,,rymcnrs 8.88.1.000 )00% ,15- ADounl ofrhe l.!

!tr CrteSory (crpre^$cd ln USO) (i) I:ronl.

d liec t00,000 Arnount paFble pu$uant to Seclion ?.01ofrhis Agn:€fl cnt in accord.ncc wnh Scction 2.07 (h) ol nE (4) htcresi R?tc (:rp o. lntcrc$ R icCollar 0 Ariolrl due IElsu{nl ro Scciiotr 2.0E(o) ofrhis TOTAL AMOUNT 1@rJt14 ll.
l. Witidrrwrt Condilions; Wnhd.ir'.1 Pcriod Nolwirhsrlndiog drc provisions ofPan A ofthis Scction, no eilhdrdwat shslt b.

(a) for plymcnts mad€ prior to th.

d.rc of tfiis Agrccmcnr, exc€tl wilhdrswah up to in ag8rcgllc amou t not to e:(ce.d $2 rnillion may t€ mrde for prymests madc prior to this drtc but on or sn.r Novcrnber t, 2015 (providcd, hop.ver.

tnat no wilhdrawsl shnll bc midc for payncnrs ho'c ttun on.

y.!r prior ro rh.

d,r.

ofrhis Asrcc'ncno.


for Eligibt rlBt 'n!de Expcnd iturcs nnd.r CarcSory ( I I or (b) ultdcr CarcSory (2), until th€ Borrowcr, rhmugh cllA, hls p.cpared !l]d ldoptcd lh.

Broodb.Dd fo.

D.vclopmcnl Proarum Mrnurl in .

mrnn.r acc.ptable lo thc Brnk.

Thc Closirg Darc js April J0,2021.

- t6- SCHEDULE 3 Amorttzrrio!

Sct.dulc I 'l'he followin8 rable s.$ fonh ftc priNipat psym.l)t Datcs of rc Loan and lhc p.rc.nrngc or tI.
tolal pnnc,pat srnounr ot.the t,os[ pa]sutc on .&ch prjrNiosl I'3)mcnt Dare( lnst0llm.nr Shrrc").

tfrhc p..sc.ds oirrrc Lnan t,a,c ten ful" \vithdEN'l as ofth.

fils1 prilc,pat p.ym.nl Datr.

ihc p:r,crpatanrounr ofrtrc Loai rcrryabh hy thc Borowei on cach princ,pstpalm.ot Dat.

sh, b. d.rermircd by rhc Aank by mulliplyrng: (a) Wnfidrawn Losn Brtancc rs ofrhc filsr principat Paymcnt Dorci by (b) dlc trstllmrnr Shln for.ach princtpat nry-cnr Drrc, srih r.payrbl.
mounr to bc &djorrcd, rs ncc.isary, to dcducr any rm"r,rrs nfcrred io 'n p.r.graph 4 ofrhir Sch.dul., to whicfi !

Cumocy Convcision applirs.

Priocipzl l,ryment l)ire un .ach Marclr 15 and Septenrbc.

tj B.8nrning S.pt.hb<t 1 5, 201 I throu8h ScDrcnlb.r 15.

2Ol9 Oo March 15.2040 lnrtrll,trerr Strrc (Erprcss.d n!.

l,.rccntrpc) 5 56% 5.48vo 2. lf thc procee<ls of the t"oan have nol bear fu y wittdmwn as of tlc firsl prillcipst Paymcnr Datc, fie principatrmount ofth.
Loitr Ep6yabtc by lhc Bonowr on lacl Priocipal P.yDrcnt Dale shaltb.

dercnnincd as fo ows: ( a) 'Io rhc extci I I har an) prccccds ot rhc Loar hsvc bccn withdra*n as of thc firll Princ,pai po)mc t Dorc, rtrc Boiiowcr slull repa) rhe Witldmwn Loan Balrn.c as of sll.h dare h 0clordanca wnh p{6graph I ot rhi, Sch.dulc.
(b) Ary amounr withdrrwn rncr lhc firsl principal paymcnt l)atc shall be rcpaid on each Principal Peymcnl Datc fa inS afier rhe dd€ of suclr * ir hdn*sl i,, ann,u nts delchnn'cd by rhc Bank by r!tl,t,t).nr8 the nrno nt ol cach s,,uh withdEwal by r tia(r,on.

lh( nurrcm,or ot trtrich rs thc original ln$rllmcnr Sharc spccilicd in rh.

rabtc in p&.agraph I of rhis Sche.lule for laid Principal P,ynrcnr D c ("OriSnrat l,Nrrtr,nenr Shar.")

and lhc denoorinator of *hich is th.


sun of att rernsioins Originst llnallmcnr Sharcs l'or Prircipal Pry'ncnr D.(.s hlinS otr o, sncr such dat., stlch amounrs rcpayrblc ro bc adjustc<r, as n€.cssary, ro dcduct any amounu rcf.r.d to in palagr.ph 4 ofrhis Schcdulc.

ro *,hich a Ctrrrency Conv.lsioo applic5.

{r) Amornts of th.

Loan w hdrn$1r within lwo c{lenJ$monrhs priorlo any Principrl Plym.nt Datc shall, for lhc pr4,os.s sotely ofcatc t iDg lhc fJrincipalir ou ts pdy.blc on n,ry l,rincipot Paymcnl Dalc.
bc lrcntcd a!

-17- witldnwi and durstsndllg on ihc sccod principat psymcnl Drtc folbwing the date or wi$drrwr I and shal bc rep.yabic on kh pri.cipat Plymcnt Datc commen inS with rh€ second princip.t paymcnr Darc lollo*ins thc datc of wirhdro*al- (b) Norwiihshnding c provisions ofsub-p!68raph (s) oftl,i, parag,api.

it" at any timcth.

Bank 6dopa!, duc dsrc bittinasyncm unacr which invoiccs arE irsucdon or rfurth.
rcspccr,vc prinopatpaynrc t Dire,rtrc pro!isiotr( ofsucft ru tsprmaEph shr ll no longcr appty lo an) withdrz*lh mdc aficr lhe ldoflion ofruch brlhnS sln.ln NotsirlBhd'n8 rh.

provis,ons ot p.raSraph!

I and 2 ot rhx S,.l.(,u,..

,,fhn J Curcncy Conr'.Bion ot rtt or !ny Bntion of rh.

Wnhd,a$n t.Mn tr.l.nc.

to nn App.ovcd Cun ncy.

rllc unorxit so.onvcncd ji (hc pprcv.d Cr,rctu) lhil i!
,cpqabl.onan) Princrpat Paymenr D.t.rccu ingdurirrgrhrCorrc*iur:re,iod, shall bc d.lc.mined by rc Bank by mutripblns iuch a,,orrr tn irs cu,ercl oi d€'lominrtior immcdiarcly prior ro rhc Conversion bycithcr: (i) thc cichangc;arc rhrt.rEnclls th.

ahourrs of p.incipat in thc Approvcd Currtncy p.)ablc ;f thc Eank uoder rhr CurEncy H€d8.

Tn sacrion rttar;r8 l" rhc Co,N;\;,.

o, ii,, ,r tie Bank so dcrennines in acco.danc€ wnh rhc Conv.rsion A,idciincs, ihc .xcha.rg.

r € com0oncnr ofrh.

Scr!


n Rrrc 5 lf thc Withdl.\n Locn Eatrncc,s dc oni,Lrtcd in,norc thni, onc t,oa CunrrLv th.

provisions ofthrs Schcdut.

slaltappty scparflet) to thc amourt d(nonr rarJ in e{ch Lorn (irnency, to as ro producc n scprrdr€ anrorr,rnlron ,chedurc rnr.a(lr - t8- APPENDIX I l n t l)cllnitions ns rhc .Cuid.tiflcs on ttcv.nting rnd ''Arti-Coriuf,iion Ouid.lio.s,' "tr ComharrnS liaud and CordprroD in projccl' t'innnc.d by taRD L.0os a; tD^ Credrls rnd (,6n!5".

dar.d Oclob.. | 5.
dar.d Oclob.. | 5.

2006 snd rcv is.d ;n Jrtru.y 20 I L "BlD Pry,ncnt" me3ns a granr to be mde our ollhe pMe€ds of rhe t rD to 0n Eligiblc tiotr*hold or !n Eligihlc MSME !ficrih.

Bo'rowcr has ccnificd thrt slid Eligibh Hous.hold or an Eligibl.

MSMD har sncc.rsfirly pariicip.r.d in rh.

Bro.dbrM for D.rcloFDcnr Pro8r6m, fo.

porposcs of pan;al) rrnancing rhc acqorsrrron o, .t.ckonrc cqurnm.nt filyor rh.

cost ralatcd ro intern.t conncc on rnd installation scryic.s, rs rppliclble, as w.lt !s any applicsbl.
hinin8, all pursuant io lhc ffitcria sd fonh io lh.

Brodb.trd for Docloprncnr prugrfln "Broadh.nd fo.

Dcvclopn.nt PruBla'n" mcans thc Aonoweis p.ogmo!

rcf.r.d ro in Pln l(b) ofthc Prcjcct.

''Broadbaod tbr Dcvclopnr.nr Progmm M6nurt" mesns(trc m.n!sl, $tisfacrory ro rhe Banl, r.tiing totl1.,.

inte.

olio, th.

cliSibijit] crir.ria ro parlicipatc in $id pfognn lnd th.

inue.nenutron arrrngcmcnts rc | cd thcr.to, ns sa:d nrenoatrnay bc anRrded frum linre ru tim€ with fteaSreemert oftl)t Bank.
.Catcgory" rnca s s calcgory r4t fonh in rtrc rabtc in Sccrion tV ofschcdutc 2 to 'conlull0nt G(idclincs' mlrns dlc .Cuidctin.s: Sclcqion sM Emptoymcnt of Consulranis rnd.r lBRt toms and IDA Crcdirs and CBnls by wo;td Dlnk llo owcrs"drt d JantrEry 20I I (nvis..l July 20I4).

''ElaSiblc Houscholds ' means any housclold (.ornpriscd ofonc or mor.

individxst p.r.rons) which mccts rh.


critcria s.i fodh rn tlt€ Broadband l"o. Dcv.lopncnt ProSrtm Manualto b.ncfit und.rthc Prcjc(t. 6 ''Elisiblc MSMEs" rncnns rny mice, s'nrll, and mcdiunr sizcd cnlerprii.

which nrc.ls rh.critcri!

sa fodh in lhc Brordband for Dcvctopmcnl Prosnm Manuatand lhc MelchingCmnB i,lrnu!l(.r Ih!

c{sc may be) to barcfil undcr tllc PruJcl.


"eSMF' nrcons llc Borowcat Environmelral rnd Socinl Mrnagcmenl Frnmcworlq publiciy discloscd on Januar.v 6, ?016, i lbrn and strbshncc acceprablc lo thc tsa k and s€l foft in thc POM, which.onrsins.
rrler a/i.r: polenlial envimnment.ll !d social impaclsi envirormenl$l and r(xial ntnigalion mcasurcs ro b. L.kc during rhc implcmcnlrlion ,nd opcmtion oflhc P.ojccr to -t9- .educc potcntirl dvcrse crvironmcnrrj and seial cff€ctsj and rhc Boro$ras instirurions rcrponsibitilici for 3ccnina and monitori[g ac,;,,,ies, a; ;irl rr3mcwort mry b. upd.r.d Fom tim.

to r,mc wrth (hc Brnt,s prio, $.

en t0.


"Ccncl.l ConditionJ'Ecans the ..lnt€nration0l Bank for R.consruction and D€v.lopocnl Ccn.rrl Cond,r,on, fo, LonnC', dat.d Na.cn rZ, :Or:.

*,rrr'ii,.

Inodrtrcatrons sct ronh in S.ctron IIoflh,s Append,r.
"Gcor8ia'3lnnov.t'o and Tcchnolo$ A8!nc,., or ct.l.A,,neans thc Uono\v.r\ rScDcy crcit.d und.r thc MoESD, puBurnt lo Eoro*cr.s govcrnmcrr.J Resoluion No r72, d.r.d t.hrusr, t9,20t4 ''CITA L?gishrion mcans ihe Boftowcr's Sovemment,s Resot tion No t?2, drtcd licbru.ry 19,20t4, as Day b. am.ndcd from trmc o rimc, subyccr ro rtrc rerms ofScrlion 4.0 t ofthis Agrccmcnt 'lmo$rion C€nt.a'f,cons a s,na phyricat ,pac< cqujppc.t \v,lh c, p rcr\ s,,d broadbard irr.mcr cunn.crron.

hininB fscit,rics.
hininB fscit,rics.

Jtrd (rtr;r rctarcd eq{,i,n.nr lnd $crviccs as dcscribcd in rhc mM.

"lnnovarion Hub_ r):€n s a phyrics I spac.

oLllnncd w h c^,np lcrrn,,d hroa.tba^d rnlcnEl conndtion.

odr?, rctrtcd officc cqurpm.nr.

and conf.rcncc and lrainino rrclnrrca, rtt pursulrt to critcno s.t out ill lhcpOM.

"lnnovation Sub-Proj..t, dr.xn3 .n inveshr.nr or activ iry For pmdrd ive purposcs, wilh dG ohjEtivc of p.omotrn8 thc dcvclopm.nr of producr.

rcctrrotoc,cat ".

nxsrncrs p.oc.ss inno!.riohr, is q.


[ a!, r..h,oto$ .do ion.

b) sn iirisrht.

MSMI:.

arJ wi,rch mcert rhc c,it.ria \cr tndh in lo.

ilarcl,,rg r,rani, vou,ai - a gn or non{cinrhtrr!.btc coDlr;butior (rubsidr-) "MalchinS inadc or to-bc mad.

oul ofrhc procecds otlhc Lol ro o Etigihtc MSNli, fo; r;; purpos_c of fimn in8_a po.rion of thc cosr ot good!

nonionsuhnrg sen,ccs.

consnlhdts' scrvicc_s, Trarning, rnd Opcaling Costs or o Sranrrp Sutierolccr pi tn Innov ion Stjb.Pmj.ct, !s dcrcrib.d in rhc pOM.
.Crants" 'ncr6s _MrtchinS Grrnls Vsnuat nrans rhc manuot, vtj\t ctoe to thc BsnI (which i. ,ncludcd in rh.

PO}4), scning torth thc p,oce(rL,n!

rb.

(crcllrna, arrD,n,(,nr approv,ns and rup<^;rins or SuLproje{c. and rt,c rcn),s s,rd 4.,;;r."s ;f Matchrn8 Cmnls, n'ctuditr8.

Marching Crlnr, !,nounr\ and l1t,8,ht.

MSME matctrng amounrs, ar said ntsnurj mry bc .mcMcd frorn rnrre ro imc rvrrh rhc larc.mcot oflhc Brnk.
tl l4 t5 t6 l1- t8 'MoESD'' m.rns h. Borrow.r's Mrnislry ot' [:conom) anit Susrj,nrrrtc ucvcropm.nL or.ny succc$or thcrcto t9.

l0 lr 22 :l --.1 :5.

26 17_ Nopfiat;n8 Costsi mcrns lh.

rEson.bt!

incr.mcnlat erpcns.s incLftrd on.ccount of inrnl.m.nralion of thc prujer, fo.

ofri.. ruppjicr lnir rm, **r."ti"g;las, olrrc.

rcnt.

inrcrnct conmction lnd communicanons c$rs.

ruppon for inforianon s\srcnr, rrrnshr;on cons.

bant charges.
bant charges.

xt;lilics, .crsorsbtc tlavel, I rrnspoflrrior, AT d/eD, accorn,nod8r,on cosn (todgirrS), snd olhrr rcsonabte ciF d[urcs drrecUy as$cuted wnh UE thc aorowc.

.nd lhc B. on rh.

b.sis ofscmi-annurr bodgcr.

acc"iraUlc ro rtrc Orit, exciudinS rrl0ricr of rhe Bono*€.

'3 civit 3cftlnls.

ofthe prcjftl, rs lgl!

d b€twlen 'mptcmcnl.noo "Pmcurcmctrr Cuadc tinc!

', mcrlls rh...Oridctii.sr pr(rurcment of Coods.


Workr lnd Non<oosulrinS Seftices under tBRD Lorns and rDA Crcdits and Cmnt( by wo.ld Banl BonowcB rlsrcd January 20ll (r€viscd Juty 20t4).

_ProcuE,ncnr Pt4r'rncanr ltrc ttorroqc.s proc ,.nr.

t ptatr tbrrhc projccr,d{lcd jnnurry 29, 2016 and rctcred ro in plngrrph l. tt ot'tl'c p,.

*rr"r"nt Ouij"t,no nnd paraSraph 1.25 of lcCorlultanlCuid.ljnes, !sttrcsarncshru bc updrtcd flom .im.

lo timc in accordanc.

with lhc provkionsoflaid pomSraphs.


"PDj.cl Opcr.tioos M&r0al', or "pOM" mcrns rhc Bor|owcfs manuat r.fenEd ro in Scclion LA olS(hcdLrlG 2 to rhE Agrccnrcnl,.\ rsid lranu{t nra) bc 0rncndcd lrorn rrmc lo limc.

rvilh lh.4rc.mcnt ofthc Barl _R.s.arch and lnmvrrion Coutrcit" trlc nsrhc Bor.owcr's coun.

il wh ich ov.rs.6 .csc{rch and innovition injdativc'ofth.

Bonowcr, ch0ircd by tie pdmc Ministcr of l,lc BorrowE r cA..blishcd pu.sulDt !o lI€ BoEo*.r,s govcrnmcnr's Rcsolution No.
12, dsted Fcbru.ry03,20tj, rnd which inctudes koyininhtcrs6nd ''Slon-up Sub-Pmjccf' trtcans an invesnnent or activity for productivc purposcs, Nirh lc objccrir,e otslimulatin8 dcv.topmcnl ofs n!

!v innovativc stsrlrjpJ;carty- slagc Eli8iblc MSME,rndwhict mc.$ ih.

crir?ria sd f.,nh i,t thc M chn,gGr.nts "Sub-Orl\nr ASrcenrcnf' ,D.ans thc agr€c.n.nrs rcf.rcd to in ticction t.F.2 of Schedulc2Iothis ASrcemlnl, !s th.

sam.

may b. lmended fi.om tim6 lo tihe with rh.

agrcmcnr oathe Brnk.


'sub-Proj€ca' moos i' isrincrively, an lnnovarion Sub-projcct or a S!rn.up Sub- I'rojcrt.

"lraining" mcans expenditures (ollrcr th.. for consutranrs' s{rvic4s), incufird during thc impl.lnentation oflh.

Projccr, b6s!d on pcriodic budgers accephbtc to thc Bant.
for: (i) r.asmlblc t€vel, rcom, bo{d and /rr dis,, cxpcndiror.s incurred by rr0inc6 and fi ain.cs ir conn.crion with thcir traitrang; (ii) coors€ fcrs; -21- l r.nlals; ttrd (iv) hinins m .ri l (ii;) traininy*orkrhop ftciliry and €quiplrle pr.paEtion, acquisiiion, rcProdlrction and rlislribul;on €xpenscs not ofierwisc covcrcd under this definitios- S.rlion tl.

Modificriion to lhc Gcn.ral Condition!

Thc Ccncril CondidorE rl!

hcr.ty oodili.d .s follo*s: !.

2. ]

5. ln rhc Trbl.


ol Conllo&, dr. rcfcrEnc.s ro S.crions, Sccrioo name nd Secriol n mbcrs irc modiried lo r.n d thc mod ilicrions sd fonh in lhc pamgt"phs b{lo$'.

Scction J.01.

(F/otl-.nd F.e)is],i{d'ifr.d rc rcad as follows: 'Sccrion 1.01.

Fnnt-an.l Fe.

: Confitunant Cha|&c (s) The Borm$tr shall pay rhe Ulnl a fmnl-cnd fcc or) tll.

Loon amornl rilhc ral.sp.cilicd in lhc I.in A8r..mcnt 0h.

'Frenccrd fe!").

(b) lhc Borow.r shall pay fic Eant a coBmilm.nr chsrg.

on rh.

UnrvithdmM Lo3n B.ltm!


al ik hl.

spccifi.d in rh.

Lo.n Agrce .ot (rftc "Comrn itm.nt Char'gc ).

Thc Commilmenr Chargc shollaccnr€ frorn !

drle sixry days af,er th€ datc ol tllc Lom ASrcemcnt (o lhe rcspeclilc drrcs on ehich lmounts ,r. \yithdlawn by $e Borrow$ frorn t[.

Lratr Accounl or canccllcd.

Ih.

CoDmilmcol Chargc shall bc t)ayahle serri' armually i rncars on tach Payrnenl Dale.'

ln thc Appendix, Definilions, rll rcl€v.nt r€lttcNes para8r.phs a.c modifici.
as m.€ss!ry, pacSraph 2 ahvc.

lo r€flccl |o Scction trutrrhch and thc nlodificnlion icl loflh 'n Thc Appcnd is modifi.d by int.ninS a n.w psEgmph l9 wIlh lhe lblloPing d.fi nitioo of "Comnrilmcnt Char8c",.nd rcnumbcrif,S lhc s{bscqucnl ParaEnPhs "19.

_Comnilrnenl CharBei- nElns lhc connninnenl charSc tPec;licd in lhc Lonn Agrccmcnt for lhc purPosc olSection l 0l(b). '

ln thc rcntmbcrcd parr8nph 49 (origi,tally pangmph 48) of lll.
ApPcndi:\' lhc is modificd by rcplacing lhc rcfercncc to scctio,t d.finiiion of "Front-c.d Fc€" l.0l wirh S€crion l.0l (a).

l, fic renu,nbc(d par"grflIh 6lt furiEnmlly p.r.8r.ph 6r) of lhc Appcndix, lhr dcrinilion ofthc lc.m'bao Paynrcnl- is ,nodi6cd ro as forhss 'ca(l "6E.

"Loan P.ymcnr- m€?,s an, a ount Pavablc b} Il'e Loan Pnnrcs -22. ro rI.

Bank pulsrBnl $ lhc t gll A8rccnrcnts or lhcse Gcn.ral Cotrdnions, ircludinS(but nor hmit.d ro)lnyamount oflhc Withdmwn l-oan Balam€, ,nr.rcsl.
rhe Froot,..d Fe, rhc Coo'nilmcnrCh.rAc, inlcrcsi allhe Dcrinlr lntcresl Rrlc (itrny), any pnpsyme.i premio,n, lny u.nsacrion fcc fora Conv.rsion or .

!rlr rerminarion of !

ConveBion, rhc Variablc Sprcad Fij(ang Clrarg.

(ifany), aiy prcmirm paylbl.

rpon rhc csrrblishrncnr of an lntcrcn R.le Cop o. lnlcr.sr RsL Collar, and atry tJtrwindang A'rount p.yablc by rhc Bormwcr."
In lhe rcnunrbdrcd parzSdph 7li (origir|ally paragraph 72) ol ll|e Appendix, rhe dcfinition ol "Paymcnl Dalc" ir modificd by dolcrin8 rhc word "ir" lnd inscrtillg lhc words alld ConnnilD€nr Ch.r8c arc" lner rhe $ord _intcnsr"