Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698829957288.pdf (Sierra Leone)
Finel01.

'l 7.23 2023 I 1 TIIE GOVEIINITIENT OF TIIE REPUBLIC OF SIERRA LEONE (GOSL) and NOKORKO RESOURCES (SL) Lm (as thc Gcnerator) IMPLEIIIENTATI ON AGRI'EM ENT tclating to lhe 120 lvl\Y ltekongorlll Ilydroelcctric PowcrProJcct (lllIEPP) in Sicrra Lconc e5lr38r0.r 9 6 TABI.E OF CONTENTS DEI'INIl'ruNS AND IT.ITIIRPRETATION lMt'l,titvll;N] ATION O[ 1] I li PROrI:CT BY Tl IE CENIiRA'IOR .
C{)VF,RNMEI{T PROJECT ASSISTANCE,..,....,..., INVIRONMENTAL AND SO('IAL LIAAILTTI[S. PERMITS AND APPROVAI.S........ PAYMENT SECI RJTY.....,................. TOREIGN CIJF..n.ENCY I'\CIIANGE AND TRANST,[..R OT I;UNDS covENANTS.... REpRESENI'A'nONS AND WARRANT!FS................. TAXAT|ON....... RAININC AND'TFCI lNOI,CX;Y TRANSFFR [NoTUSED]...... RI:S0l.UTIoN (Jf 1)lSl'U f FS .... IVAIVER OIT SOVEREIGN IMMUNITY..,.,..

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TIISCULI.ANEOUS 18.
SCIIEDULE I INI'IIAL ('ONSTJN-IS sciltiDUt.lt 2 t.AND DEscRJpTlONS Al.iD i,tn ps............ sclIEDULE 3 StERnA LEONE L(X'AL CONTENT ACENCY ACl..........................- SCIIEDULE 4 TERMINATION PRIOR TO FINANCIAL CI-OSING.......... l'agc .,.......2 t3 IE 22 25 2E 29 l0 3ri 39 40 {l 4t 4l 45 49 55 56 67 70 T2 75 79 E7 90 9t l0l SC}IEI}LILU 5 TRANSFER ON TERMIIiATION ScilEDULE 6 ItANmVER............ SCI lf:DtJl.l: 7 OWNERSI IIP S'l RtlCTtrRti Ct IART sc[EDt Lt E ]'AXAflON....... ..... SCIIED{.JLE 9IOWER PURCIIASTJ AGRIEIIENT ., ... 6 TlllS INIPLEMEN'fA'tlON AGREBNENT is rnade on thc day of 2023 IIET}VEEN: (I) TIIE GOVERNMENT OT'TIIE REPUBLIC OF SIETTRA LDONE, ACTING IIY TllE MINISTIIY OF FINANCElocoted at Trcnsury Building Gcorgc Strcet, Frcctorvn, Siena Loone AND BY TIIE MINISTRY OF ENERGYlocatcd at 6'h Floor Elcrtricity I lousc, 16 Siaka Stcvcns Strc-ct, Frcctorvn, Sicrra l-conc (ihc "Govcrnmcnl");and (2) NOKORI(O RD,SOUIICES (SL) Lt& a limilcd liability company cstablishcd in Sicrra Lconc rvith its registcrcd oflice locatctl at 22 Siaka Stcvcns Strccl, Frcctorvn and company numbcr SL0303220NOKOR07230(the"Generetor"); each a "Psrty" and togelhcr the "Pertlcs'; and (3) Tlrc lniticl Slnrclrcldcrs PREAMBLE (A) The Govcmmcrl arvardctl thc exisling Projcct Drruntcnls to tlre Gcncrator through a Memorandum of Unrhrstanrling date Scptcmbcr 9rh 2020, rvhich provirtcd for thc constn ction and opcraliou of ncrv porvcr gcncration cspoctty and lhc dcvclopmcnt ofthc clcctricity lransnrission grid rn lhc Eastcnr Provirrcc ofSicrra [-cunc.
(B) Follorvilg thc submission ofa conccpt notc by Nokorko Rcsourccs Limitcd (alfi)"o Sicrra l-concan orvncd UK rcgislercd compaDy)to GoSL, a lramervork agrccmcnt rvas signcrl on l7 Novcmbcr 2020 lhat rvould cnablc tlrc Bckongor lll I lydmclcctric l'orver l'rojccl ('BllEPP lll") to bc dcvclopcd as a BOOI'(build, orvn, opcrate, tmnsfcr) p]ojc'cl allcr complctirrg viablc fcasibilrty studiqs cftl cntcring into powcr purchasc and final agrccnrcnts rvith GoSL.
(C) The Parlies havc agrccd thaa thc Gcncrator slrall devclop, financc, construcl, commission, olvn, opcralc,tnaintain and transferlhc Bekongor hydroporvcr project pursuant to thc Project Documcnts and Finance Documcnls (cach as dcl-rncd in lhe Porvcr Purchasc Agr€mcnt) (drc "Proiect").
(D) Thc Gencmtor dcsitcs and intcrds to sell tlrc capacrty, rtet clcctrical oulput and ancillary serviccs wilh rcspc:ct lo thc I'la lo the Ofllaker pursuant lo the Powcr Purchasc Agrecrncnt; and thc Governmcnl shall cause thal the O[Ilakcr agrc€s to purchase same.
(E) To promotc tlrc implemcntation of the Pmjcct, and in exclunge for thc prontiscs and agrccnrcnls of thc Gcncralor pursuant to this Agrccment, ahc Govcrn nent aSrces to provide cerlain incentives and eaclr Party undedakes ccrtain obligations as providcd in this Agreem€rt.

NOW, TIIEREFORE, in considcration of the mulual bcnefits to bc dcrived and the rc?rcscnlations and rvanantics, condilions and promiscs hcrcin containcd, and inleDding to bc legally bound, the Parlics hercby agrc€ as follorvs.
\6 I DEFINITIONS AND INTERPRETATION I, I .

I Dcfinitions Capitaliscd lcrms uscd in lhis Implemcnlation Agrcfmcnt shall havc thc meanings givcn to thcm in thc Porver Purchase Agrccrncnt unlcss othcnvisc dcfined hcrcin.

"Affililtc" means any Pcrson tlul direclly, or ixlircctly through onc or morc intcrntediaries, Contrcls, or is Controlled by, or is undcr common Control with, anothcr Pcrson.

"Agrecmcnl' rncans this Implcmcntation Agrecmcnt, logcthcr lvilh all Schcdulcs attachcd hcrcto.
as thc same may bc amended from timc to tirnc.
"Ancillery Rigbts" mcans all neccssary rig}ls, irrluding right-s of access and usc of land for thc Ccrrcratorlarxl its technical advisors, ofl-rccn, onployces and agens), the Financc Parlics (ond lheir tahnical advisors), the EPC Contractor (and its sub- contractors), llrc O&M Conlractor (and its sub-{ontractors), additional mainlcnancc provirlers lo lhe I'rojcct (and lhcir sub-conlraciors) and any other contractors of thc Gcncrator in connection with thc I'rojcct as may be agrced by thc Partics, acting rcasonably, (and providcd lhnl tlre Gcncrator nolific,s the Govcmmcnl thnt such othcr contmclors arc ncccssi!ry for the Projcct) that may bc rcquircd fronl tinrc lo limc: (a) (b) (c) to cnablc llrc conslnrlion, commissioning, opcralion, mainlc:lncc and inspcction of thc clcctrical interconncction bclwccn lhe Projccl and the GritJ Systcm; to cnable thc Gcncrator to unthrlakc its obligotions undcr thc Rcscttlcmcnt Action Plan and undcr thc Environmcnlal and Soeinl Action Plan; and to enablc thc Gcrrcrator lo comply with ils othcr oblignlions under thc Sicrra [xonc f)ocunrcnts and torvards tltc l:inancc I'artics (and thcir tcchnical advisors), thc EPC Contraclor (and its sub-conlraclo$), lhe O&M Contraclor (and it.s sub-contractors), addilional rnaintenance pmvidcrs to lhc l'rojecl (and thcir sub-conlraclors) and any rclevant olhcr conlraclots lo comply with thc Applicable [:w in rclalion to the l'mjcct.
"Approvcdlcnder means: (a) any developmcnt or multilatcral financc insilutioni (b) any cxport crcdit agcncy and (c) any othcr lcnder, or providcr of credit insurarrc lhat lras bc€n approved in writing by tbc Govcmmcnt (such approval nol to bc unreasonably withlrcld or delayed and pmvidc<l lhal thc Govemment will notify lhc Gcncralor rcasonably, i( is considcring withholding its approval ofsuch whcrc, a€ting lendcr or prcvider of credit insurancc so lhat lhe Covemmcnt and thc Ccncrator con discuss thc issucs lhat tlrc Govemmcnt has with such pcrson 6 altd any altcrnativc lendcrc or providcrs of crcdit insumnce prior to thc Govemmcnt wilhlrclding its appmval).
"Bckongor Lond" mcons llrc land arca identilicd as such in Schcdule 2 (Zarrl De.cc ri pt i o ns u nl l.Iap s).

"Changc of Conlrol'lncans an cven{ or circumstancc whcrcby tlrc Initial Sharchol&rcccasc to havc Control olthe Gencrator.

"Conncction Faclllty Corrirhr" means tlrc land so dcsignalql in Schcdule 2 (Zarrrl Descript i ons and lvlaps).
"Consenls" mcars tlrc approvals, consenls, aulhorisalions, notilications, concessionsr acknorvlcdgcmcnts, liccnces, permils or itcms of similar cffcct including thc Inilial Conscnls rvhich arc tcquired fion!

any Covcmmcnt Authority undcr any Applicablc Law (for any or all of thc Gcncralor (and its technical advisors), the Financc Parlics (and thcir tcchnical advisors).
lhe Sponsors, thc EPC Contractor (and ils sub-conlraclo6), tlrc O&M Contractor (and its sub-contractors), additional rnainlcnancc providcrsto ths Projccl (and their sub-contractors) aod any olhcr contraclors of lhe Gencralor in contEclion rvith lhc I'rojcct as may bc agrccd by thc Portics, acting rcasonably, and providctl thrl thc Ccncralor rrotilics tbc Govemnrcnt thal suqh olhcr co raclors arc nc.cqasary for the Projcct (including for thc Gcncrator, its Alliliatcs arxl subsidiarics lo undcrlakc its obligations iu rclalion lo thc Rcsctllcrnent Aclion Plan and undcr the tnvironnrcrrlal and Social Action Plan)).
"Contrrctor" nreans any Person rvith whom thc Gcncratot conlracts for tlrc prorision of go,ods or scrviccs rclaling to lhc enginecrurg, desiBn, conslruclioD, cornnrissioning, opcration or ln:linlenancc of thc Projcct.

"Control"mcans either dircct or indirecl control, and: (a) a body corporalc is directly conlrollcd by anothcr body corporatc if: (i) (ii) thc lottcr body corporate orvns morc than fifty pcr cent (509.)
ofthc voting righls attached to lhe issu€d sharc capilal of thc firsl mcntioned body corpomle; or lhc lattcr hody corporatc has tlrc porvcr to appoint or rcrnove all or such of thc mcmbcrs of thc board of dircc(ors or otlEr govcrning body of tlre first menlionetl body corporate as are able to cast the majority of thc volcs capable of bcing cast by the menrben of that board or body on all, or substanlially atl, maltcrc or othenvisc lo control or have tlrc power to control tlrc policies and affaus of thc first mentioned body coryomle; and 3 (b) a body corporalc is indircctly controllcd by anothcr body corporate if a series of bodies corporalc can bc spccificd, bcginning with thc lattcr body corporatc and ending with thc first mcntioncd body corpomlc, so rclalcd that each body corporate is dircctly Conlrolled by onc or morc ofthe bodics corporctc cadicr in thc scrict, and nControllcd"slull bc conslrued accordingly.
"Dircct Agrccment" tncans an agrecmcnt rclating to thc Project bctrvecn (i) Covemtncnt, and/or any Govcmmenlal Autlrcrily, and.

'or any entity Conlrollcd by thc Govemmcnl or any Govcmmental Entity, (ii) thc Gcncrator and (iii) lhc Finance Partics alxl which addrcsscs rnaltcrs commonly addrcsscd in a dircct agrccmcnl in a projcct financc transaclioo for a similar assct, in a similar jurisdiction and rvith similar financc lmrtics.
"Dollay'' or 'US$' nreans thc cuncncy that is thc lcgal tcnder oflhe United Stalcs of Amcrica.

"Dcvclopmcnt Pricc" has thc mcaning givcn to that lerm in Schedulc 4 (Tcrnination prior to Financiol Ckxingl.
"Dispu(c" mcans any disputc, diffcrcncc or claim of any kind or type, rvhcthcr bascd on conlract, tod, statuts, rcgulatio[ or othcnvisc, arising out of, rclaling to or conneclcd rvith this Agrcemcnl or ils subjecl m.1tlcr, e:(islcncc, ncgoliation, inlcrprctation, validity, prformancc, brcach, termination or cnforcorbility (including no&conlractunl disTulcs or claims), or any opcrations carricd out pursuanl to this Agrccnrcnt.
"Encunrbrorrcc" mcaDs any clainr, option, chargc (hxcd or lloating), mortgagc, licn, plcdgc, equity, cncumbrancq righl 1o acquirc, right of prc-cmption, right of first rcfusal, litlc rctcntion or any othcr third paay right, or olhcr sccurity inlcrcst or any agremcnl or arangement lraving a similar cffccl or any a8reemsnt ao crcalc any ofthc forcgoing, and 'rEncumbcred" shall bc constnrcd accordingly.
"Enviromcnlel rnd Soclal Acllor Plrn" mcans lhe environmcnlal and social action plan to be <hvclopctl by the Generotor in relation to thc Projcct undcr Chusc 7-6 (Enfironnental Protcction.

Health, Resettlcntent, ud Sulety\, and as suclr plan rnay bc uplatcrl from limc to tirnc under thc clausc.
'Exproprlatftrn of Conlrol" means a Covcmment Action or lnaction ruhich resulB in cithcr Sharcholdcr: (a) no longcr direclly or indirectly orvning arxl Contmlling thc Gencrdtori (b) oo longcr having the powet to dircct the affairs ofthc Gctreritloq ot (c) bcing prcvcnled from cxcrcising lhe powcr to dirccl tlE affairs of thc Cqtcrator.

Pr) I "Finlncirl Modcl" mcans thc financial nrodcl for thc l,rojccl and lhc basis for tlrc assumplions uscd in tlrc financial modcl.
copies of which shall be providcd to tlrc Ofllakcr by the Gcncralor in accordance rvith clause 15.3 (Finonciol Modell of the PPA "Finrncl.l lVlodcl !a Signlag"mcans $c tinanciol model at thc Signing Date.

"Financbl Closing Longstop Dalc"rncans thc datcfallingthirtysix (36) monrhs allcr Ratilication.
, provirlcd thal this datc shall,at thc Gcncralor's cntire discrction, be erlendcd on a day-for-day basis (or, in the circumslancc rvhcrc, bccause of tlrcir duration, any of thc following cvcnts rcsult itt thc Gcncrator to bc forced to dcrnobilizc, on a day-for-day basis pir tlp remobilizrtion pcriod)for each day by which thc Gcncrator is delayed or prcvcnled from rcaching Financial Closing duc to any of thc following cvenls, unlcss and lo thc cxtcnt caused by a Gcncralor Action or Inaction, alonc or in conrbination: (a) any brcach by the Govcrnmcnl, the Olllakcr or any Govcmmcnt Autlrority of thcir obligations un&r any ltojcct Documcnl, or any Financc flocumcnl to rvhich such pcrson is a partyi (b) any Lapsc ofConscnt: (c) aty Political l;orce Majcurc Evenl or Olhcr l:orcc Majcurc Evcnl; (d) an Invalidity Evcnu (c) any Clnngc in Larv or l?x; (0 wlrcrc llrc Power Purchasc Agrccmcnl (an&or any olhcr Sicna l.conc Documcr requircd lo bc ratilicd by lhc Parliarncnt of Sicrra Lcorc) is not ralilicrl by lhc Parliamcnt of Sierra Lconc cithcr on the day of Ratilrcation or by tlrc datc falling nincty (90) days allcr Ratification); (g) rvhcre lhc l:nd Lcasc Ag,rccmcnt is nol cxc{utcd and dclivercd to thc Gcncrator in accordancc rvith Clausc 3.2.3; and (h) rvherc il is olhcnvise cxpressly provided that therc shall be such a time cxtcruion in this Agrcrmenl or thc Porvcr Purchasc Agrcemcnl.
"Force Majenrc Evcot" has lhc meaning given lo lhat tcrm in Clausc l5.l lDefinition of Force Mojcrrel of lhe Porvcr Purchase Agecment.

"Forclgo Currcncy" mcans any currcncy othcr lhan Sierra Lcone Leoncs.
"GcDcrrtor Acllon or Inrction" means any action or inaction of the Gcncrator or its Amlialcs, which results in a brcach by thc Generator of irs obligations undcr this Agrccment, the Power Purchase Agrecmcnl or any other Project Documcnt or l;inancc f)ocurncnt to $hich it is a parry ald rvhich action or inaction has 6 t anAdvcrsc Projcrt Effccl (unlcss and to tlrc cxlcnt such ;rction or inaction is caused by a Covemment Action or lnaction).
"Gencrator Evcnt of Defiult" has thc meaning givcn in Clause 15.2 (Tcnnination for Gcncn or Events of Dclaultl.

"Gcncralor Partlcs" mcans each of thc Gcrcrator, lhc Sharcholdcr, direclors, olliccrs, cmployccs, rcprcscnlalivcs, Afliliates, agents, advisors, conlraclors ot liccnsccs and their rcspcclivc dircctors, rcprcsenlativcs, officcrs and cmployccs.
"Generrtion Licrncei mcans a generalion licercc to bc issued to lhe Ccncnlor by llrc Elcctricity ard Walcr Rcgulatory Commission (EWRC) pursuant to Applicable I-arv (in rcqronsc to a Proper Application for thc gencration licencc by the Gcncraior in accordancc rvith Clausc 5- l ).
"Good Operering Condition' mcans, as at thc Tnnsfcr Date, thc condition thot thc Pla[t rvould havc to bc in so that it could rcasonably bc expcctcd lo bc capablc as t that date of achicving e(ficicncy and availability lcvcls rvhich fall rvithin thc rangc of performancc ler.els lhat could reasonably bc cxpccted lo bc achievcd by thc Planl givcn its opcrating history and otlrr prevailing circumstanccs, including any Covcmrncnl Action or Inaction or Ofllaker Action or Inaction or Forcc Majcurc Evcnt, bul assuming for tlrc purpose of &tcrmining such range of reasorrably cxpcctcd cfficicncy and availability lcvcls lhal thc Planl lrad bccn opcratcd and mainlaincd by the Gencrator during thc Tcmr in accordance rvith Cood Industry Practicc.
"Govcrnmcnt Aclion or lnaclion" nlcans any acliorr or inaction of thc Covcrnurcnt or any Covcmmcnt Authority, or any cntily which is Controllcd by thc Govcrnmcnt or any Govcmmcrt Authority, rvhich rcsulls in a brcach by thc Govcrnmcnt of its obligations undcr this Agrcemcnt.
lltc Ofliakcr of its obligations undcr lhc Porvcr I'urchasc Agrcemcnl, or a breach by the Covcmmenl, the Olllakcr or tlrc rclcvanl Govcrnnrcnl Authority (as applicablc) under any other Projccl Documcnt or Finance Documenl to which it is a parly arrd rvhich aclion or inaction has an Advcrse Projcct Effoct (unless and to lhc e cnl such aclion or inaclion is causcd by a Gencralor Aclion or Inaclion).
"Govcrrment Evcnt of Defiuld' has the mcaning givcn in Clausc 15.3 (Teruhnlion for Govcrntt etrt Ewnts .tl Default lolloving Financial Ckxingl 'Govcrauent Scturity" has thc rneaning givcn in Clausc 6. l. 'Ilenrbvor Couoitlce" has tlp meaning givcn in Schcdulc 6 (Handover).

"I{ost Country" mcans Rcpublic ofSicna Lconc.


"Implemcntrtlol Agrccment (lA) Dircct Agrcement' means thc Direct Agrccmenl rclaling lo ftis Agreement lo b€ entercd into betrvecn thc Getrcrator, thc Govcmmcnt, thc Initial Sharehokhrs and tlrc Financc Parties.

V,D "lA'fcrruinrtion Notice" has tlrc rrrcaning givcn in Clausc 15.5 {Terntinatiort procedtu'c).
"Indcpcndcna Engincer" mcarrs a suitably qualified pcrson rvith rcquisitc skills and cxpcricncc to conducl inspcrtiotrs of tlrc Plant, thc Conncction Facilities and installalions tlrcrcal and to issuc independcnl ccrtifications in rcspcct thcrc-of, appointcd by tlrc Gencralor at its orvn cosl and e:(pense and cilhcr: (a) sclcctcd try lhc Gcneralor from o list of tErsons agrced rvith tlrc Ofllakcr (rn rcspcrl to lhe Plant), or EGTC (in rcspccl lo thc conncclion Fmilitics) (cach of thc Gcncralor and tlre Ofllakcr or EcTCactirg reasonobly in secking to agrce drc persons to bc includcd on such a lisl); or (b) if no person is agrccd by thc Partics, or tlrc pcrsons on thc agrccd list rvill nol acccpt such appointmcnl and no substilute is agreed by lhc Ccncrator and thc Ofliakcror EGTC, in cither casc by thc datc ninc (9) nrorths prior lo thc drtc lhal thc Gcirerator notifics the Ofllakcr thal il cxpccts to commcncc the Commissioning Tests, eithcr Party may rcqucst the Exc.cutive Sccrctary of thc Sierra Lconc Inslitution of Engirrccrs (o sclcct within thirly (30) days of such request a rvilling, availablc and suilably qualified person to bc appointul by thc Garcrator to lhis role, and tlr Partics rvill bc bound by lhis dccision.
Thc Cencrator shall notify tlle Ofllakcr in rvriling of thc idcntity of tlrc pcrson appoiDlcd by the Gcncmtor to thi.s rolc Dot lalcr than forty-fivc (45) days bcforc conrmcnccrncnl of the Comrnissioning Tesls- "lnitill Shnrcholdcrc" mcans the initial sharcholdcrs of lhe Gcncrator, as idcntificd in Schcdule 7 (O[ttcrship Stntctnrc Churt').

"Inilisl ConscnLr" mcans lhc Conscnts rcquircd to be obtaincd by lhc Ccnerator from any Covcmmcrt Authorily, spcrilicd in Schcdulc I (lnitial Cotscnts).
"Invslidity Evenl" mcans thc issuancc of a decision by lhc Govcmment or any Govcmmcnt Authority, rncluding any judicial authority or rcgulalor in Sicrra Lconc, that any Sierra l-conc flocument, or any matcrial part of $ch any Siera kone Documenl is illcgal, unenlorccablc or odrerwisc invalid, providcd that an Invalidity Ev€nt shall only bc decmcd to conlinue unlil such decision is stayed, vacatcd, or ovcrlurnal, or otlrcnvisc rcndcrc<t lcgally incffectivc, or unlcss and until, wilhoul being in brcach of Applicable Larv, the Govemmenl, tlrc Ofilakcr aod lhe Gcnsnlor arc ablc to, and actually do.
continue to perform thcir obligations undcr lhe relevanl Siera [fone Documcnts norwithstanding such dccision and rvithoul any matcrial adversc impact on the Gcneralor, or othcrwisc thcy havc agrccd and cnlcred into a binding amcfilmcnt agrcemcnt or rcplaccmeflt agrccmcnl Vr) lhat renlovcs tlrc provisions in lhe rclevanl Sicrra l-conc Documcnl that originally gave risc to tlrc lnvalidiry Evcnt.
"Lerd l,cem Agrecmenl" has the mcsnirtg Eivco lo lhat lcrm in Clausc 3.2 (Lond, land Right.s aud Mitrcral Avtershipl.
"Llpse of Consenl" mcans any Conscnl lhal: (a) is revokcd by thc Govemmcnl Aulhority; (b) is not issucd, rcncrvcd or, having lapscd, is not rcissucd, within thc pcriod stipulatcd undcr Applicoble [arv, aller a Proper Application has bccn duly made by thc Gcncrator for that Conscnl to bc issucd, rcncwcd or rcissucd, as thc casc may bc (or ifsuch no pcriod is stipulatcd undcr Applicablc tanv, as soon as rcasornbly pncticable and in any casc rvithin sixty (60) days of such a I'ropcr Application or such longcr pcriod as thc Panies may, acting rcasonably, agrec) and, as a result, th€ Gcncrator's ability to perform its obligations undcr thc Projcct flocumcnts ot Finance Documents is natcrially antl advcrscly offcclcd; (c) is nladc subjcct, subscqucnl to i(s granl, uJnn rcncrval, rcissuc or olhcnvrsc, lo any tcnns or conditions rvhich rnatcrially and advcrscly affect lhc Gcncrato/s ability to prform i(s obligations undcr thc Projcct flocumcnts or Financc Documcnls: or (d) iu thc casc ofa customs clcarance or simi[r Conscnl rcquircd solely irr ordcr lo imporl auy i(cm rcquircd for thc dcsign, co[slrustion, inslallation, opcration ard mrintcnancc of thc I'mject (a-s applicablc) is not issrrcd wilhin thc pcriod slipulated under Applicable [.aw after a Proper Applicatiou by lhe Gcncrator or thc EPC Contractor (or if sttch no period is stipulatcrl undcr Applicablc Larv, as soon as rcasonably practhablc and in any casc rvithin sixty (60) days ofsuch a Proper Applicationor such longcr pcriod as thc Parlics may, acting rcosonably, agrce).
Erccpt, in cach of llre abovc circumslanccs, whcre such circumstance has ariscrt duc lo (i) Gcnerolor Action or lnaclion, (ii) lhc cxercisc by thc Govcmment or any Govcmment Authority of its towcrs undcr thc Applicable Larv unhss such cxetcisc is owing to grounds which discriminate agains{ the relevanl Project Party; or (iii) a failurc by thc relcvant Projcct Parly to comply wilh any conditiors on rvhich lhc Conscnl was originally issucd.
"Leirdcrs" mcans the lenders to thc Gcnerator providing financirrg, hcdging anrUor crcdit support instrumcnts for lhe Project puEuanl lo lhc Finance Docunrnts.

"Loss" mcans any and all loss, damogc, liability, paymcnt or obligalion (cxcluding any iudircct or consequcntial loss, damagg liability, payrcnt or obligation, loss of profits), and all rcasonable out ofpocket expenses (ircluding rcasonablc lsgal fces).
"Minlstry" mcans the Ministry of Errcrgy of tlrc Covemmcnl of Sicrra l-conc or its successor responsible for energy SP t "Net Dcbl Oulstnndiug" lus thc ureaning givcn to thc tenn in Schedule 5 (Trunx fe r on Terut i n at i ottl.
"Non-Tcclrnieat Disputc" mcans any Disputc arising out ofor in conneclion rvilh ths inlcrprctalion of larv or lhc illcrprctation of tlus Agrccmcnl or thc Power Purchasc Agrc{mcnt, thc validity or cxislc[ce of this Agrecmen( or any rights or obligalions undcr this Agrccflrcnt or the Porvcr Purclusc Ag,rccment, and any Disputc which is nol exprcssly rcquired to bc rsfsnc{ to, or scttled by, cxpcrt dctcrmination undcr this Agrccmcnt or lhc Powcr Purchasc Agrccmcnt.
"Olftrkcr' mcans thc cntity which shall (pursuant to thc Power Purchasc nBreenrcnt) purchasc lrom thc Generator the net clectrical gcncrating capacity and take thc nct clectrical output oflhc Projcct.

"Olftekcr Partis" mcans cach of tlrc Ofllaker, its sharcholdcrq dircctors, ofliccrs, cmployccs, reprcscnlativcs, Amliaics, agcnts, advisors, conlmctors or licensccs and thcir rcspcctive dircctors, rcprcscnlalivcs, ofliccrs and onplolrccs.
"Ollrcr Lrnd'hus thc mcaning Eivcn in Clausc 4.1.1(a) (Enfirouncntal ur<l Socictl Iiobilirias).

"Orvncrship Structurc Chrrl" mcans lhc charl sct out in Sclrcdulc 7 (Owtcrshilt Shuclure Clnrtl- 'Psrty" nrcans any ofthe signatorics lo lhis Agrccnrc[t "Person" mecns att individual, co]poration.

partncrship.

joinl vcnturc, |rusl.

unincorporated organisalion, any Govcmmcnl Aulhorily or any otlrcr lcgal cntily.
"Pcrnriltcrl Indeblcdncss" nrcans linanciol indcblcducss: (a) arising undcrany Projccl Documcnt; (b) arising uxlcr any unsccurcd loan lmm any Sharcholder or any Amlialc of any Sharcholdcr; or (c) in resfr€.ct ofony tra<h payables arising in thc ordinary coursc of busirnss.

"Plrnt SitG" mcans the land so dcsignated in Schedule 2 (Ltnd Descriptions and llapsl.
"Porvcr Purchasc Agrecmenl"or 'PPA" mcans lhc agrccmcnl ofllral name by and bctrvecn (lp O[IIakcr and lhc Gcneralor; altached as Schcdulc 9 (Potrcr Pnrchose Agreemenl\ hcrdo.
"Prcliminnry Tcrminalion Noticc" means a noticc sclting out in reasonablc dctail thc grounds for carly tcnninalion ilt reasonable dclail and spccifying lhc dalc on rvhich this Agrermcnt shall terminalc, which datc shall occur no lcss thrn thirty (30) days aller the datc of the Prcliminary Termination Notice and no morc than sixty (60) days aftcr the date ofthc Prcliminary Temination Noticc VI "Projc61'r mcans llrc dcsign, dcvelopmcnt, procurcmc.r , cnginccring, conslruclion.

pcrrnitting.

commissioning.


tcsting, opcralion and mainlcnance ofthc Plrnt rnd llrc dcsign, dcvclopmenl, procuremcnt, cnginccring, conslruction, pcmritting, commissioning tcsling of thc Conncction Facilitics; and all activi(ies incidcnlal lhcrelo.

"Project Documcnts" mcans: (a) (b) thc Siena Lconc Documc'nls; thc EPC Contract; thc O&M Contracl; (c) (d) any othcr documc'nt dcsignatcd as such by the I'anics; and (e) any cxtension.
rcplaccmcnl, supplcmentary or subslilutc contract for any of lhe abovc "Projcct Prrllcs" mcans (5ch oft (a) lhc Gctrcralor; (b) tlrc Sharcholdcr; (c) eaclt IiPC Contraclor; (d) cach O&M Contracloq (c) any subconlraclor of any ticr of any liPC Contractor or O&M Contractor; and (D lhe Financc Partics.

"Purchrst Prie" has thc mcaning givcn to thal term in Schc'dule 5 lTransfer on 'lbrninution).
"PPA Eltectlvc lhlc"lras lhc mcaning givcn lo that lcnn in the Powcr Purchasc AgrccmcnL "PPA Terninrtlon Nolicc"has thc mcaning tsivcn to lhat lcnn in thc Porvcr Purchasc Agrcemcnl.
"Propcr Applicetion" mcons thc submis.sion ofan application by or on behalfofa Projccl Party or any othcr rclevanl cntily for a Consenl in a timely manncr, in accordance wilh the subslantive and proccdural rcquirenrents of thc Applicablc law and accomprnied by all relcvant opplication and adrninistration ctrargcs and fccs payablc by or on betalfofthat rclevant Projet Paiy or cnrily.
6 lo "Pmtcclcd Asscts, mcans aircrall and olhcr dcGncc-rclated propcrry of lhc Govcrnmcnl or assets prolcclcd by the diplomatic and consular privilcgcs undcr thc Stale Imnrunity Act of thc Unitctl Kingdom or lhc Foreign Sovcrcign lmrnunitics Act ofthe Unitcd Stalcs of Arncrica, or any analogous lcgislation- "Rrlificrllon" mcans lhc ratificalion of tltis Agrc.crncnt and the Potvct I'utchase Agrccmcnt by tlrc Parlianrcnt of Sierra Leonc.
"Rallllcation Longstop Drle" has tlrc meaning givcn lo thc lenn in Clause 2.2.2.

"Romcdy Period" mcans, in relalion lo a Prcliminary l'crmination Nolicc, thc pcriod of timc lrom datc of rcccipt or dccmcd rcccip( by a defoulting parly of a Prcliminary Termination Noticc to lhc proposcd tcnnination datc which shall bc no carlier than fi0y (50) days aftcr the datc ofthc Prelirninary 'Icrmination Noticc, or such latcr dalc as lhe I'arlics rnay agr,.c in writing.
"Rcacttlerncnt Actkln I'hn" nrcans tlrc rcscttlcrncnt action plan dcvclopcd by {he Gcneralor in rclalion lo thc dcvclopmcnl of thc Projcct, as such plan rnay bc nrodil'red in accordancc rvith Clausc 26. l. "Scclor Regulalor" mcnns llrc Sicrra Lronc Elcctricity and Watcr Rcgulatory Conrmission or suulr olhr rcgulalor as may bc appointcd froln tinre lo llmc pursuant 1o lhc Sicrm Lconc Elcctricity and Walcr ltegulatory Act 201 l. 'ShrrEru mcaus sharcs ofthc Gcncnlor with voling or othcr rights of managcmcnt arxl control and sccuritics of thc Gcncrator thal arc convcniblc into such sharcs al thc option o[thc holdcr.
"Sharc Erproprillion Event"means thc expropriatioq rcquisilion or nationalizalion of all or any of thc Sharcs (or any of thc righls rclating thcrcto) by lhc Govcrnmcnt or a Govemmcnl Authorily or an Expropriation of Control.
"Shareholders" mcans lhe Initial Sharchoklcrs of thc Gcrcratorand, as lhc case may bc, any strccrsso(s) thercnf or any olhcr cnlity bccoming a slrareholder of thc Gcncralor in acconlance rvilh the tcrms ofthis Agrccmenl 'Slgning Dalc"mcans the date on which tttc Agreernent has becn duly signcd by cach Party.

"Sitc" mcans tlrc land so dcsignated in Schedulc 2 (Ir,tn<l Dcscriptiom arul Mops) comprising thc Plant Silc and thc Conncclion Facilily Corridor.
"Spomors"mcans cach of lnitial Sharcholdcrs; and any of thcir rcspectivc Affi liatcs, strcccssors and assigns.

"Shging Arca"mcam an arca of larxl rcquirnl to facililate thc construction of thc Project, such as land rcquirul for rvork camps, slorage oreas, Iill arcas and excavation arcas.

6, ll "Tf,riff Poymonli"nrcans arty amounls duc and payable by the Ofliakcr under thc Porvcr Purchasc Agrccmcnt (including any Tolal Paymcnt Chargcs).

"Texes" means any tax.


levy, impost, duty or olhcr chorge or withholding of a similar naturc, and rvhctlrcr lcvied or payable lo llrc ccntral govemmcnl or to lny statc, rcgion or local govcmurcnl.

or any instrurncntality ofor conncctcd rvilh thc mmq including incomc tax and corporalion tar arxl stamp duly.

"'l'erhnicel Disputc" mcans a Dispute rvhich is not a NorTcruhnical Dispulc.

"'fernr' lrm (hc rneaning givcn irr Clausc 2.3 (Icnrt uud lla*lovar').
"Tcrmimtiog Perty" has thc meaning givcn in Clause 15.5 (Tcrn i,,ctlion pt'ocedurQ.

"'l'crnrination No(icc" rncans an lA Tcrmination Nolicc or a PPA Tctmination Noticc.

"Transfcr Dllc" has thc mcaning givc.n to that tenn in Clausc2.3 2 "Transfcr Nollcc"has tlrc mmning givcn in Schedulc 4 (Tnutslbr otTbruinuion).
1.2 llulcs of Inlcrprchtion In lhis Agreoncnt, unlcss llrc context rcquircs othcnvisc: I 2 I lhc lablc of contcnts and headings arc for convctrience only and shall not bc considcred irr conslruing lhis Agrccrncnt; 122 the singular includcs thc plural and vicc vcrsa; I 2I refcrcnccs lo Clauses and Sclrcrlulcs otrc ncfcrenccs to Clauscs of, and Schcdulcs to, this Agrecment; 1.2.4 lhc lcrms "includc'and "including" mcan rvithoul limilation: r 2.5 t.2.6 in carrying out its obligations and dutics unrlcr this Agrconcnt, cach Party shall ltave an implicd obligation of Bood faith; rvhcrc, provision is madc for thc giving of notice, ccrlificalc, dclcrmination, conscut or approval by any person thol noticc, certificalc, dclermination, consent or approval slull bc in rvriting, and thc rvords "notificd," "cerli[icd," "dctcrmincd," "conscnts" or "approvcd' shall bc conslrucd accordingly; I 7.7 any refcrcncc to an agrecmcnl or dced ircludes a rcfercncc lo that agrccmcnl or dccrl as amended, supplemcntcd, varied or novated fmm limc to time; t-2.8 any rcfcrencc lo a person shall includc an individual, [irm, company.
corporalioq unincorporatcd body ofpcrsons and any Govemmcnt Authority and its successors in titlc, permittcd assigns and transferecs; rP t29 any rcfcrctrce to an agrc.cmcnt or dccd includcs il rcferc]rcc to tllat agrctmcnl or decd as arncndcd, supploncntcd, varicd or novated frour iirnc to tinrcl 1.2 lo unlcss ollrenvisc indicatcd, rcfercnces lo a limc of day arc to local titne ilt Sicna [.conc: l2ll lhc rccilals to this Agrcement do not a(fccl thc intcrprc.tation of this Agrccmcrtt; arxl I 2 t2 unlcss exprcssly providcd to the contrary, any rcfcrcnce lo any cnaclmenl or statutc shall be r:onstnrod lo inclurlc a rcfcrqtcc lo lhal enaclr[cnl as amcndd exlcndcd or alplicd from limc to limc.
1.3 Schcdulcs All thc Schcrlulcs arc an inlegral parl of tl s Agrc+mcnt.

If thcrc is any conllict bclrvccn {hc main body of this Agrcr1rcnt and tlrc Schcdulcs, tllc ntain bor}y of this Agrecmcnl shall prcvail.

1.4 'fhe lnitinl Sharchoklcrs 'Ihc lnitialSharchokhrsarc partics lo this Agroenlcnl solcly to thc cxlcnl ncEcssary to givc cffccl to Clauscs [6.2, 8.].

8.9.1, 15.ll and 1E.23; and lo Schcdulc 4 and Scltcdulc 51.
II\.IPL}:NIENTA'I'ION OFTIIE PROJDCT I}I' TIID GENDR TOR 2 2-l Elfcclivcucss ofCerlain Prolisions upon Signing nnd upon Rrlillcaliou 2l r This Agrcerncnt shall bc cflectivc from thc Signing Datc, exccpt for any provisions of this Agrccrncnt which: (a) imposc any linancial obligations or financial ltabililics on thc Govcmrncnt, a Govcmmenl Authorily or lhc Gcnerator; (b) imposc any obligaaions on lhc Ccncralor to dcsign, financc, irsurc, conslruct, ow& commission, op€rate and mtinlain the kojccli or (c) cannot by Applicablc Larv, bc cffectivc prior lo Ratilicotion and such provisions shall only lakc cffect follorving tlre Signing Datc upon Rotil-rcation.
zt2 Notrvithstanding any olher provision in this Agrccment, rrcillrcr Party shall havc any firrancial liability to llrc olher Party undcr this Agreement if this Agrcement is terminoted prior lo Rotification- $) ll ?.2 llaallication o[ Ccrhin Project Documcnts an.l Invalidlty tivents 22 r 222 'fftc Govcrnmcnl acknorxlcdgcs that Ratification rvill bc a condirion prcccdenl to lhc Ocreralor reaching Finoncial Closing.
lf, for any rcason, lhc Parliamcnt of Sicrra l-conc refuscs to ratify lhis Agreemcnt and thc Porvcr Purchasc Agrccmcnt, or if an lnvalidity Evcnl occurs, tlrc Cc[crator and thc Govemrncnt cach ag,rcc to usc all rcasonablc cndcavours lo takc such sleps as rnay rcilsonably bc required to achicvc such ralificalion anrUor ovcrcomc srch lnvolidity Evcrrt (or cnuse il to ccasc to exisl) as soon ffi rcasonably praclicablc provided that if Ratification has nol occuncd wilhin trvelvc (12) months of submission of such documents for rotification by thc Govcmmenl (the "Ritilicraion Longstop Drte"), cithcr Parly may issuc a Prcliminary Tennination Notice in accordancc rvitlr Clause 15.l.l (c).
2.3 Tcrnr nnd lhndovcr 231 Without Jxcjudicc to Clausc 15.9, thc lcrm of this Agrecrnenl (lhe'Ternr") shall cornmcncc on lhc Signing Datc and shatl cxpirc on thc cadier o[: (a) lhc lwcnty fifih (256) annivcnrry of thc carlicr ot (i) thc Commcrcial OJrmtions Dale attd (ii, thc Rcquired Courncreial Opcrations Dalc; unlcss thc Pl'A is, on any such day, still valid and irr full forcc and elfect according to its tcrms in rvhich casc thc'l'cnn shall be cxlendetl lo the lcrm oI lhc l'PA: and (b) lhc cxpiration or carlicr terminalion of this Agrccmcn{ in accordancc with its tcrms.
737 At lhc cnd of thc fcnn, unless this Agrccmcnt has bccn terminalcd early itr accordancc with Clausc 15 (F-urlv Terninutiorr), the I'lanl sltall bc handcd over to lhc Governrnent on lhc lasl dry of lhc 'lcnn (such datc being thc "Tmnsfcr Dole") in accordarrce rvith lhc proccdurcs scl oul itr Schcdulc ({,Handoverl.

2-4 liinancing 2.1I Thc Generator slrall use all rcasonable cndcavourc to srranS,c the limitcd rccoursc linancing of lhc Projcct prior lo thc Financial ClosinB lr)n8stop Date.
242 If: (a) lhc principal amount of thc &bt (excluding inlcrest, sharcholdcr loans and revolving facilitics for funding GST (or like tarcs) or working capital) Bs scl oul in tlrc Finance Documcnls cxcceds so"oo'i, ofthc total projccl cost as per tlrc Financial Modcl at Signing Datc ol $) l{ 2 4.1 (b) (c) thc financing is not providcd by onc or rnorc Appmvcd Lcnders; or the &bt: cquity nlio proposed in llr Financq Documcnts is lorvcr than 60:40 or not morc than 80:20; or (d) thc tolal projcct cosl is morc tlran 59i, of the lotal projcBt cost of thc Financial Modcl at Signing, Signing.
lhc Gcncralor shall not cxcculc any Financc Docunrenls withoul thc prior rvrillcn approval oflhc Govemmcnt (such consenl nol lo trc unrcasonably wilhheld or delaycd).
Without pcjudicc to lhc provisions of Clausc 2.4.2, thc Gcrrcralor shall dclivcr to thc Govcmmctlt, for information purposar to kccp tlrc Covcrnmcnt infonnul ofthc progress ofthe finarrcing ncgoliations: (a) a copy of lhc linancing term shcel for thc Projcct, rvhen it has bccn agrccd, prior to Financial Closing, providxl that if thc Govcmmcnt has any objcctions lo thc tcrms rycci[icd in such financing term shccl on thc grounds lhal they rvould imp,osc grcater obligations on, or provirle to lhc Lendcrs rvith grr-alcr righls againsl, lhc Covcmmcnl or lhc rclcvant Govcmrncnl Authority rn companson rvilh tlrc rurgc of projcct firrancurg lcnns tlul could rcasrnably bc cxpcctcd lbr o projcct likc the ltojcct localctl in an crluivalcnt jurisdiction (rvherc such grcatcr obligations or grcitcr rights arc not trivial), it shall promptly, and in any casc wathin trvcnly onc (21) days of its rcrcipt of such Financing Tcnn Shccl, inlonn lhe Ccncra(or of ils objections antl lllc teasons for lhcm.
'l'Irc Ccncrator and thc Govc'rnmcnl, cirh acting reosonably and rvilhin thc corrstraints of thc policies and proccdurcs of thc Approvcd Lcnders.

agrcc to promptly discuss rvhclher anrl lrorv to addrcss any suclt objcctions that have bcc'n so notil-rcd by lhc Governmcnt.
I[ lllc Govcmmcnl fails to raisc any objcctions within thc pcrmittcd (imofranrc, or if its objections arc droppcd by the Govcmutcnt lollorving discussions with the Gcncralor, or if an agrecmenl is rcachcd as lo how lo accommodatc zuch objcctions, thc Gencra{or shall bc cntillcd ttrcrcaftcr lo exccutc tlrc Finance Documcnls, on tems thal arc in materi.l respects consistent tvith or bctter llran thc tcmrs for lhc Projcct in thc finoncing lcrm shect (toking into accounl any agrccd accommodalion of thc Govcrnrncnt's objcclions), rvithout furthcr noticc lo or approval by thc Govemment; (b) drafts of llrc prirripal Finance Documents for the I'rojcct otl o pcriodic basist (c) a soll copy of the latcst vcrsion of llrc Financial Model in Microsoll Exccl (i) as at the Signing Dale and (ii) as at the datc of Financial Closing; and s', t. 244 245 (d) n ccrtifi€d copy of cnch Finance Documcnts no latcr lhan liftecr (15) days allcr lhc datc suclr Financc Docunrcnt has bccn crccutcd.
Thc Crcncrator shsll not, and slrall procurc rhat each of ils olficers, cmployecs, agcnts, Affiliales and Sponsors shall not, cntcr ilrto any amcndme'nls or modifications lo thc Financc Documcnts or cnlcr into any ncrv or additional Financc Documcnts (coch, a "Ncrv Financing Documcnt"), withoul thc Govcmrncnl's prior rvrillcn consent (not lo be unreasorEbly withhcld)rehcre such Ncrv Financing Docunlcnt altcrs or cnlrances bcyond tlrc maximum dcbt amount set out in the Financial Modcl as at financial Closing (or rvhich has othenvisc bccn agrccd by thc CovcmmcNrt) or which ollrcnvise incrcascs in any rcspcct, thc Govemmcnt's hnancial or ollrcr obligations or liabilitics under this Agrcemcnt or adverscly affc.cts thc right ofthc Govcmmcnt lo acquire the Plant frcc and clear ofall Encumbranccs upon the Govcrnmcnt's paymcnl of tlrc applicablc purchasc pricc pursuant lo tlrc lcrms o[lhis ngrccmcnt.
Promptly followir:g thc Signing Datc, thc Gcncrator shall providc thc Govcmmcnl vith I limclablc for achicving Financial Closing and it shall updalc this limelablc whercver it considcrs that lhcrc has bccn a malcrful changc to lhc datcthal, octing rcasonably, it expccts Firrancial Closing to bc achicvcd.

Tte Gcncralor shall pmnrptly provide a copy ofcach such uplatc to tlrc Covcmmcnl.
Rcfcrenccs in this Agrccrncnt to llrc tinrctablc for Fiuancial Closing shall bc dcemcd lo bc a rcfsrencc lo lhc I tesl such tinrctablc tlral has bcen providcd lo tlrc Covcmlnenl (anrl the Covcnrrncnt shall usc i(s rcasonablc cndcavours lo rvork alongsidc thc Gcncrator k) achhvc such limctable).
2.5 Anrendmcnts lo lhis ABrccmcnt Thc Covcmmcnl acknorvlcdgcs that ccrlain lcrms o[ thc Sicrra Lsonc Docurncnls may nccd lo bc amcndcd by thc parrics thcrcto to rcfl,oct any changcs rcquircd (i) by the Financc Partics, or (ii) by thc Generator as a result of the finalisation of lhe EPC Contract- 'flrc Govcrnmcnt shall agrcs, antl shall procurc llul any Govcmmcnt Authority rvhich is a party to rlle rclcvant Siena L6{nc Docunrent shall agree.
lo any such rcqucstcd omendmcrrts, s.rvc rvlrcrc the proposed amcndmcnt: 2.5.t secks lo amend thc calculalion of thc Total Paymcnl Omrgc in Schcdulc 6 (TurilJl of tlrc Porvcr Purchase Agrecmcnt (othcr tlran any amcadmcrtl rcquircd to conccl a manifesl crror or clarificstion of whal tlrc Financc Parlies considcr, acling reasonably, 1o be an unclcar pmvision that docs not matcrially ahcr the risk or cconomic profilc of llre Govemment, or a Govemment Autlrcrity, undcr the Porver Purchase Agrecmcnt or this Agreemcnt); would causc lhc collcction account obligations being imposcd on the Governmcnl, or a Govemmcnt Aulhority, lo be grcatq than lhosc sct out in tlrc Collcction Account Arangcments; sP 253 sccts to fl,llcnd thc EPC Cot ract scopc of wotks and such an amcndment rvould luve an advcrsc cffcct on lhc Govemmcnl (for thc avoidancc of doubt, a changc *'itl not bc advcrsc if thc risk and cost associatcd rvith it is allocated (o thc Projcct rdlhcl lhan to the Govemmcnl, or a Govcmmcnl AuthorityI 2.5.4 sccks lo amcnd tlrc ratcs of tax and tar cxemplions providcd for in Schcdulc l0 (TAXATION) of this Agreernent and such amendment rvould havc an advcrsc effccl on lhc Govcmmcnl or thc relcvant Govemmcnt Authority savc tlEt the Covcmrncnl may rcver{hclcss clccl lo consc.Ilt lo srid amcndmcnt or rvaivc slrict compliancc rvith thc tax ratc ot tax eicmption sought; or 255 is considcrcd b1' Govcnrmcnt, acting reasonably, to imposc on tlrc Govemmcnt, or arry Govcmmc1lt Authorily, any impact rvhich is non-trivial and advcrse in rclalion lo the Govcrnmc[], or rclevaot Oovcmment Authority's, bcnclil or risk prolilc in rclation to thc Projccl, provided that ilny arncndmclrl rvill not bc dcemcd to lravc suuh an impct insofar as it is: (a) an amcndmcnt ofthc curc pcriods and triggcr thrcsholds for rhfaults ill thc rcqrcctive Sierra Leonc Dosument and thal rcqucst is rcasorurbly in lirc witlr projcct finarrcing practicc for sirnilur projects in similar jurisdictions; (h) an amcnrhncnl rcquiring provision of informalion or acccss rcasonably rcquircd by thc Finance I'arlics in linc rvith projoct finarrcing practice for siurilar projccts in shnilarjurisdictions: (c) an amcndmcnl lo cosure consistency bctrvecll the Sicrra Lcone Docuurc[ts and Applicable l:rv, thc lcnns nnd conditions of any Conscnts, or ony condilions or othcr requircments that may bc required for Ratificationt or (d) an amendrncnt to corccl a manilcst crror, and provided that the Govemmc.nt agrc"cs, anrl shall procurc that any rclcvant Govcmmcnt Authority agrc'c.s, to act in good faith to rliscuss and scck to agree any amerdmcnts rvhich falt within Clauses 2.5.1 to2.5.5 abovc.
2.6 Environmcntd Protcction, llcrlth, Lcscltlcmcnt, and Safcty 2.61 Tlrc Gctcrator shall, prior to lhc PPA Effo;tive Dalc, prepare or procurc thc prcporalion of thc Rcscttlement Aclion Plan and llrc Envitonmcnlal and Social Action Plan in accordancc with tlrc Applicable [:rv and applicablc Firancc Party guidclincs.
Tlrc Rcscttlerncnt Action Plant and lhc Environmcntal and Social Actinn Plan s$all bc stbject to lhc apprnval ofthc Govcmmenl (acting rcasonably), provirlcd thal such approval shall nol bc rcasonably rvithhckl or delayed, if thc Rescttlemcnt Action Plan an6/or thc 6 l!

2.62 26l 264 2 ('.5 Enr4ronmcnlal arrd SocialAction Planhavc becn prcparul in accordancc wilh Applicable Larvs arxl applicablc Fin.ncc I'arty guidelines.
The Gcncralor, shalland lhc Covcmmenl shall procurc thal all Govcrruncnl Authoritics shall, at all timcs, comply rvith thc Applicablc Larv.

Thc Gcncratorslmll, and the Govcmnrenl shnll, irnplcment their respcclivc obligations undcr and in nccordancs rvith tlrc Rcscttlcrrrcnl Action Plan and lhc Environmental and Social AclionPlan.
Thc Covemmcnl shall usc rcasonablc cndcavours lo lrocure thc limely granting of the Ancillary Rights rcquircd by the Cencralor to cornply rvith this Clausc 2.6.3 (provided thc Gcncrator nolifics thc Govcrnment reasonably in advancc ofthe datc on rvhich an Ancillary Rig:ht is rcquired).
Without prcjudice lo thc obligations of tlrc Covernmenl under the Sierra Lcone Documcnts, thc Gcnerator slull takc such additional stcps, as may bc rcasonably rcquircd in accordancc with Good lnduslry Practicc to protcct llrc cnvircnlncnt and promole safcty in rclation to lln Projcct.
Tlrc Gcncrator shall promptly nolify thc Covcnuncnt of any environmcntal accidculs or cnvimnrrrgrlal cmcrgcncics rclating to l|rc Projcct, in accordancc rvith Applicablc Lrrv and othcnvise rvlrcrc such notification rvould bc in accordoncc rvillr Good lndustry Praclicc,thal it bccomcs awarc of and slnll rcport priodically, but at lcast annually, on remcdiation programmcs and cmcrgency rcsJronsc plans for advcrsc cnvirouncntal impacts arising from thc opcralions of thc l'rojcct.
In thc cvcnl of a matcrial environmcnlal accidc[l or s[vironmcnlal cmcrgcncy arising from lhc opcratiols of thc l'rojcct, tlre Gcncrator shall issue a rcporl to lhc Covcmnrcnt, I lcast rvcckly (or srrch othcr frcqucncy as lhc Gcncralor and thc Govcmment may agrcr ocling reasonably).

which shall includc ar asscssrrcnl of thc environmcnlal domagc and an uFlatc of thc slalus of any applicablc rcmediation pmgfttmmc until thc cornplelion of such rcn cdiation.

_1.

l.l GOVEITN[IEN'T PRO.


'ICT ASSIS'I'ANCE Rlghls to Undcrtakc the Projc,ct 3.1.1 Subjcct to lhe tcrrns and conditions of tlre Sicrn Leorrc Docunrcnts and tlrc Conscnts, from lhe Signing Datc until tlre cnd of thc Tcrm thc Govemmcnt hcrcty grants to thc Ceneralor the cxclusivc right to design.
financc, insurc, conslrucl, orvn, commission, opcritlc and maintain thc Plant and lhc cxclusivc right to dcsign, [inancc, iruurc, construcl and transfcr to thc Covcmmcnl" at Commcrcial Opc.rations Date, thc Conncclion Facilily.

3.1.?

A breach by the Gcncralor of llrc tcmts and conditions of the Projcct Documenls, Financc Documents ond thc Consent-s will nol result in fic loss by thc Ceneralor of lhc cxclusivc right granted putsuanl to Clausc 3.1.1, vhich shall continue until thc end of lhe Term.
0', 311 Thc Gcncralor sh:rll bc cntrtlcd to usc Contrrctors to p€rfonD its obligatiuns undcr thc Projecl Documcnts, but thc Gcncralor shall at all timcs rcmaio liablc for llrc perfom)ancc of its obligations undcr tlrc Pro1cct Documents :rnd thc fanomc l)ocumcrts, notwithstaRling any such dclcgation lo arry Contmctor.
3,2 Land, Lnnd Rights and lHincral orvncrship l2.l As soon as reasonably prac(icablc follorvirrg thc Signrng Datc, the Gcncmtor and thc Oovemmcnl shall (and thc Govcmmcnt shall procurc lhal any rclcvant Covcrnmcnl Authority shall) usc reasonablc cndcavours lo negolialc in good faith and scck to aBrec lhe tenns ofa lcasc ofthe Sitc and thc Conncction Facilily Corridor (thc "l,aarl Lcasc Agrccment").
122 _l 2_t 324 3?5 'Iltc [.and Leas€ Agrccment shall confcr lo thc Cencrator lease rights on the Plant Silc for thc dunlion of tlrc Tcmt and lcasc righls on thc Conneclion I;acilily Conidor unlil tlrc dale of lransfcr o[ the Conncction Facilily to thc Olliakcr at Commercial Opcratiom Datc.
lhc Govcmmcnt shall by tlrc datc falling ninety (90) days ancr Rotiljcalion procurc llre cxcculion by tlrc rclcvant Covcmlncnl Autlronty of thc l-rnd IJasc Agrccmcrtnrxl shall usc all rcasonablc cndeavours to procurc that lhc rclcvanl Govcrnmcnt Aulhority convcys (o thc Gcncrator undcr thc [:nd I-casc Agrccmcni thc larxl comprising thc Silc ard any associatcd Ancillary Rights in relation to lhc Sitc ncccssary for thc implcnrcnlalion o[lhc l]o1oct and lhc pcrlormance of lhc Ccncralor's obligation.s and cxcrcisc of ils ;ights undcr thc l'rqe'cl Documcnls.
Govcmrncnt shall usc all rcasonable cndcavours to pro€urc -fhe thal any cascnrc.rrts, rights of rvoy or otlrcr Ancillary Rights noccssary for tlx: irnplcmentation of lhc l'roject and thc pcrlonnancc of tltc Gcneralor's obligations and crcrcisc of its rights urxler thc Prujcct l)ocuments arc rnadc availablc ltl the Cencrdtor by the rclcvant Covcmmcrtt Authorrty promplly follorving rcccipt of a rcqucst for the samc, in rcasonablc advancc of thc datc on which such rights are requircrl, from thc Gcncrator.
The Gcncrator acknowlcdges that lh€ Rcpublic ofSicrra [.eone is tlrc owncr of ard conlmls all Minerals (as defincrl in thc Mincs and Mincrals Act 2009) under or upon rny land in Srcrra Lconc notlvillstafiling any riglrt of owncrship oforhcnvisc thal any Person may lnsscss in and lo tlrc soil on, irr or urxlcr rvhich Mincrals are found or silualcd, including any land the subjcct of the [.
:nd Lcase Agrccment or any Ancillary Rights Srdnlcd lo thc Gcncrator undcr this Agrecment- Tlrc Gencrator shall promptly notily lhe Govemment if any Mincrals arc lound un&r or upon any land thc subject of drc [:nd Lcase Agreemcnt.

!.2 6 Thc Govcmnrc'r{ shall rcc rcosotmble endcavours ttr agrec thc locatron of and procurc the grant of such additional lond righs as are rcamnably ncccssary to providc a Staging Area for the Lt'tC Contractor li Y).)
l-3 lUghr to Inport, llxport end Reimporl Subjccl (o compliancc with thc Applicable larv and thc making of Pro;rr Applications (in cach case, including thc paymcnt of applicablc dutics, raxcs, chargcs or import fces irnposcd by lhc Applicable Larv (subjcct 1o Schedulc 8 (TAXATION)) on goods i[rporterl into, or exported from, Siena Lcone, if applicable) and lo Clausc I1.3, the Govcmmcnt shall procurc that thc Gcnerator and its Contrac(ors can: 33.1 imporl rvitltout rcslriction, unduc delay or hindrancc all itcrns of plant, machincry, cquiprncnt and matcrials rcquircd for thc implcmcntation o[rhc Projcct, iuclurling, sparc parts and replaccnrents to tllc spare pans invcntory (including trarts rvhich have bccn refurbishcd or repaired); I3.2 cxporl without n:sl ction undue delay or lrindrancc all itcms of plant, rnachincry, cquipnrcnt and matcrials i[rporlcd by tlrc Gcncrator or i(s Contraclors (as applicablc) undcr paragraph (a) abovc for thc purynse of rcpair or rcfurbishmcnt and rc-hnpon tlrc sanrc; and l.r I crporl without .s;triclion undue &lay or hindrancc all such ilcms of plant, machinery, cquipmcnt axl malcrials that arc no longcr rcquircd by thc Ccncrator or its Contraclors (as applicablc).
3.4 lnruigrelioa Subjcct to thc Applicablc l:rv rclating lo imrnigration, and Sxovidcd thc Gcncrator, ils Sharcholtlen and llrc Conlractors make Propcr Applicalions, lhc Govcrnmcnl will as soon as rcasonably practicablc granl applications of lhc Gcncrator, its Sharclroldcrs, Contmclom anrl any directorg cxccutivcs and pcrsonncl of such Pcrsons (if applicablc) for rvork pcrmits, cmploymcnl passes, visas and othcr pcmrits, as [cccssary, and any family mcrntrcrs of such prsons (if applicablc)- Notrvithstanding thc forcgoing, horvcver, tlrc Govcnrnrcnt nray, in any individual casc, dccline to gralt an application, or cxpcl a Pcrson previously adnrittcd, lo protcct thc national security intcrcsts and public hcalth and safcty of Sicrra Lconcans, for reasons considcrsd by tlrc Govcrnmcnl in its solc discrction lo bc good and suffrcicnl in accordancc rvith, and lo lhc cxtcnt prmirlcd undcr, thc Applicable l:w unlcss such cction by lhc Covcrnmcnl is on grounds rvhich are discriminatory againsl tlul P€rson.
3.5 Dclay in lclrlcvlog Flnancial Closing !

5 I Tlrc Partics a$cc that Financial Closing rvill bc dcpcndcnt, among olhcr things, upon ccrlain actions of the Covemmcnt and thc Govcmmefll Aulhoritics as follorvs.

Thc Govcmmcnt rvill usc all rcasonable cndeavours lo.
or lo procurs thal thc relevant Govemment Authoritics granl, issuc, revicw, rcach agrccmco( on lhc tcrms and conditions ol, approvc andor crccutc and delivcr (in each case as applicablc) in a timcly manner, laking into accourrl amongsl olher things thc timclablc for Frnancial Closing (rvhcrc lhe Covcmmcnt, actinB rcosonably, has been providcd with 6 !, sumcicnl timc to complctc its revicrv and whcrc thc Gcncralor tras made a I'ropcr Application for a Consent): (a) tltc issuancc to tlrc Gcncrator of tltc GercralioD Liccncc and other Cooscnts lhat arc rcquircd by the Financc Particsas condilions prcrcd,enl lo l inancial Closing or thc cffoctiveness of any Projcct Documcntt (b) thc grantitrg of the Ancillary Rights(providcrl thc Gcncmtor notilics lhe Govcmment reasonably in advancc of thc datc on rvlrich an Ancillary Right is rcquired); (c) agrcemcnl and cxcculion ofthe Pmjoct Documcnts; (d) lhc cxcculion by lhe Govcmmenl of drc IA DirEcl Agrccmcnl, thc c:rccution by thc Ofllakcr of tlrc Porvcr Purchasc Agrccmcll and thc PPA Dircct Agrccmc'nt, arxl lhe exccution by thc Govcmmcnt, thc Ofllalccr and/or thc rclcvan( Govcmmcrl Authorily of any ahcr Ditcct Ag,rccme s tlul trray bc rc'rluircd by thc Finance Partics in rclalion lo drc Projc.ct Documelrls; (c) lhc exccution by tlrc Govcmmcul and/Or any rclcvant Govcmmcnt Aulhority o[ lhc rJocunrcnts rcquircd lo bc cxcrulcd by thcrn in conncclion rvilh thc crcatior\ rcEistration and pcrfcction of thc socurily comprising lhe Sc.curily I'ackagc; and (f) such ollrcr r.locumcnts as may rcasrnably hc rcquircrl by lhc Frnancc Partics; rvherc thc lcnns o[sueh documcnts arc acceplable to thc Covcmmcnt aclilg reasonably.
J.6 Security Pechrgc 3.6 I Tlrc Govcmmcnt acknorvlcdges lhat thc GcncIator may assign to, or grJnl a sccurity intcrEsl in favour of, thc Financc Partics, in thc Gcncrator's riglrts and intcrcsts under or pursuanl to: (a) lhis Agrccment; (b) thc Powcr Purchasc Agrccrncnt; (c) thc t-and lrasc ABrccmcnl; (d) thc olhcr Projc'ct Docullcnls; (c) thc physical assels and intellectual propctty ofthe Generator; (f) thc bank accounts oftlre Gcrrcrator including any monics conlained thercin; rP :t !67 G) (h) any olhs agrccmcnt or documcnt comprising thc Sccurily Packagc; arxUor to thc extcnl pclmiitcd by lhc Applicablc Larv, tlrc Gencralion Liccrce and any olhcr Consenls issrrcd by Covemmcnt AutlEritics in favour of lhc Gcnerator antl cccssrry for thc carrying out of thc Projccl.
'lllc Govemrncnt agrccs lo as soon as rcasonably practicoblc follorving a rcqucst from thc Cenemtor to do so, lo cxcculc and give all ocknowlcdgements of any security or assignmcnls crealed in accordancc wilh this Clausc 1.6 as arc r@sonably rcquestcd (in rcasonablc lcnns for a financing of aprojcct similar lo thc l'rojccl in o similar juridiction rvith similar financc parlics)by lhe Gcncrator to givc cflcct to the forcgoing; pmvidcd.
ltorvcver, lhal thc Govcmmenl shall have rcceived copic-s of documenls peflaining lo llrc forcBoing rcasonably irr advancc o[ llrc timc thal it is crpcclcd lo crcculc lhc samc and lhc Ccncrator has uscd all rcasonablc cndcavours lo gcl thc Financc Parties to takc inlo account all rcasonablc co mcnls providcd by thc Govcmmcnt in a tirncly fashion irr lclation to such documcnls.
3.7 Wrler During Initirl Fill During thc initial filling of thc rcscrvoir during construcliou, the Govcrnnrcnt slrall as far as rcasonably praclicablc ln lhc circumstarccs causc.

or use all rcasouablc cndeavours to Drovide assislancc lo thc Ccnsralor lo causc, thc ltrojccl's hydroclcctric facilities to disclurrge rvalcr.
3.8 Plnccurcnt of lnsurences Subjc.ct to Applicablc l-arv anrl Schcdulc J (.licrz Lcouc Local Co!,lcnt Agcnc-)' .,lcr, thc Govcm,nenl hercby grants the Ccneralor, lhc El'C Contractor and ths O&M Contractor an ercmJr{ion from any rcquiremenl lhat might otlrcrwisc rcquirc tlEnr to placc any insuranccs in conneclion rvith thc Pmjcct through a Sierra l-eonc intcrmcdiary or insurcr.

4.
DNVIIIONIVIENTAL AND SOCIAL LIABTLITIES 4.1 linvirounrcntrlConditions 4l t ln lhc cvcnt that lhc Govcrnmcnt, or any relevanl Govenurcnl Aulhority or lbc Gencrator dcterminc at any timc lhat environmental corxlitions (cxcluding any Ground Condilion Event) cxisl at, on, undcr, or from lhc land in rcspect of which rights havc bcen convcyed to ltrc Gencralor and rvlrich conditions (i) do not conlply with thc Applicablc law or furthcr rcquirerncnts rcasonably imposed by lhe Finarrcc Partics, or (ii) would impcdc or rnake imprrcticablc or impossiblc thc pcrformance by thc Gcncrator of ils obligationsunder lhc Pmjccl Documenls, thcn: 6 (a) rvith rcgards to thc land rvhich compriscs llrc Sitc and rvhich has bccn lcascd (o (hc Gencrator pursuant to tlrc Land I-casc Agrccmcnt: (i) ifsuch condilions lrave (i) ariscn at any tinlc prior lo llre datc of ralilication of thc l,:nd Lcasc Agrcemcnt or (ii) arisc at any timc follorvinB tlrc dalc of ratilication oflhc Land Lcasc Agrecmcnt duc lo any aclion or inoction by thc Govcmment or a Governmcnt Authority or an cntily Controlled by thc Govcmment, or any contractor of thc Govemmcni or Govcmmcnl Authority (otlrcr than thc Gcncralor or .oy Alliliate or Conlrrclor of thc Gcrrcrator), lhe Govcrruncnl shall rcmcdialc such conditions.
lf (lrc Govcmmcnt has nol complctcd the rerncdialion of such conditions rvilhin one huudrcd arrd eighty (180) &rys of the datc of thc dclerminalion thal such condilions cxist, lhcrt lhc GcrErator may at ils oplion, upon ninely (90) days prior notice to lhc Govcmmcnt and Olllakcr (such noticc lo bcgin no earlicr than thc cnd of such oac hundrcd anl cighty (180) day pcriod), and at tlrc Govcmment's cxyrnsc, pcrform such rcnrcdialion to lhc cxlcnt requircd 10 comply rvilh thc Applicablc Larv or such furlhcr rcquircnrcnls rcasonably imposcd by thc Financc Partics.
Tlrc limc linrils and dearilincs for thc pcrfonuancc by tlrc Gcncralor of ils obligations under this Agrccmcnt and thc Porvcr Purchase Agrccment tlrat are affectcd by an cvcnt rcfcrrcd to in lhis Clausg 4.1.1(aXi) rvill bc cxlcnded day for day for so long as such obligations arc so affcctcd; (ii) if such conditions arise at any tilnc folloling lhc dalc of ntificalion of lhc l-aud hase Agrccmcnl duc to any aclion or inaction of tlrc Gcncralor, any Alfiliatc of tlrc Gcrrcralor or any Contractor, the Gencralor shall rerncdiate such cnlironnrental condilions at ils orvn cost and cxpcnse to llrc cxtcnt rcquircd to cornply rvith Applicablc l-aw or suclt fuflhcr rcquircments rcasonably irnpscd by lhc Fhrancc Parties; and (iii) if such comlitions arise ilt any time following thc dalc of mlificalion of the Land Leasc Agreemcnl duc to any action or inaction ofany third po(y, thc Gcncralor shall rcrncdiotc such environmcnlal conditions at its own cosl and expcnsc lo llrc cxlcnt rcquircd to comply rvith Applicable Larv or such furlhcr rctluiremenls rcasonably imposcd by thc Financc Parlics, and the Gclcrator shall havc thc right to claim against srrch third party, in accordancc rvilh Applicable Law, for any cosls incuned by thc Gcncmto, as a restll of such rird pany action or inactioniand (b) rvitlr regards lo any Ancillary Rights: 6 .
]r (i) (ii) i[ such condilions have (i) ariscn ot any timc prior lo tllc datc thc Ccncrator obtoining tlrc bencfit of tlre rclcvant Ancillary Right or (ii) arisc al any timc following thc datc thc Gcncrator obtaincd the bcnclit of thc rclevant Ancillary Right duc to any oction or inaclion by thc Covcmrncnt or a Govcmrncnt Authority or an enlity Controlled by thc Govcmmcnt, or any conlraclor of the Govmnrenl or Govcmrncrrt nulhority (other than thc Gcncrator or any Afliliate of thc Gencrltor), tlrc Govcmnrcnl shall rcmediatc such conditions; i[ such condilions arisc at any trrnc fiollorving thc datc tlrc Gcncmlor ohains thc benclil of the relcvant Ancillary Right duc lo any action or inaclion of tJrc Gc'rterator, or any Conlractor, ontl in brcoch of lhc Gcncrator's obligations undcr any Sicrra Leone Documenl, thc Geocrator shall rcmcdialc such environmenlal corttlitions at its orvn cost and cxncnsc 10 the cxlcnt rcquircd lo cornply wilh Applicablc larv or such furlhcr rrquircmcnts rea-soorbly imposcd by the Iinanct: I'arlics; and (iii) i[ srrch conditions arisc at any tinrc following thc drtc thc Gcneralor oblains tlrc bcncfit of thc rclcvant Ancillary Right duc lo any action or inaclion ofany third party: (A) lo Gcnemtor shall usc rcasonablc cndcavours k) pursue any righls il may havc cBainst such third prty lo requirc thc third party lo rcmcdialc slch cnvironmcnlal corxlitions al its own cosl anl cxpcnse; and (B) thc CovemmcDl or any Covcrnrncnt Aulhorily shall use rcasonablc cndc.rvours to pursue any rig.lrts it may have againsl such third parly (including undcr Applicable [aw) to requirc thc third pany to rcmcdiate such cnvironmcntal condilions at its oren cost and cxPcnsc.
4t2 For thc avoidancc of doub{, rvilh rcgards to any land rvhich is not thc subjcct of Clauscs 4.1.1(a), 4.1.1(b) or 4.1.1(c).
the Gcncralor shall not at any timc bc obligcd to rcmsdiate any cnvirunmcntal condition rvhich occurs or cxisls on such land unlcss such condition ariscs: (a) at any timc follorving Financial Closing due 1o any action or inaction of tir Gencrator or any Contmctor; and (b) lhc Ccrrerulor is rcquircd to rcrncdiatc such environmcnlal condilion pursuanl to and in accordancc witlt Applicablc hrv.
8P il 4.2 Social Provision 4 I I ln thc cvcnt that thc Governmcnt and thc Gencmlor dclcrminc al ally timc thal any obligations or liabilitics to ncighbouring communitics, organimlions or Persons, including in relation to resettlcmcnt, crcation of infraslructurq housing, provision of serviccs or any othcr social provision or funding of any kirrd cf,ist rvith rcgards to lhc land whieh cornpriscs thc Sitc and which has bccn lcascd lo thc Gcncrator pursuant to llrc Land Lcasc Agrccmcnl, thcnlhc Govcrnmcnt shall bc responsiblc for pcrforming such obligations and paying such liabililics wilhoul rccoursc to thc Gencrator, and thc Govcmmcnl shall ltold harmless and indcrnnify lhc Ccneralor on dcmand against any cosl, claim, [,oss or liability relating to such liabilities or thc Govcmmcnl's lrcrformancc or nofi-pcrformance of lhc obligations rclating tlrcrclo.
'l'lrc timc limits and dcadlines fot thc Jrcrformance by the Cc.Ircralor of its obligations under this Agrcemcnt aM thc Porvcr I'urclrase Agrconcnl that arc affccled by thc failurc ofthc Covcrnmcnt to pcrfonn its obliga(ions undcr this Clausc 4.2.lwill bc crlcn&d rlay for day for so long as such obligations arc rc affcclcd.

12.2 'lhc Gcncrator, and any Alliliatc of tlrc Gcncrator, slnll havc no obligations or liabilitics lo ncighbouring comtnunitics.
organisalions or Pcrsons, including in rclation to resclllcmcnt, creation of infrastructurq housing, provision of scrviccs or any olhcr social provision or funding of any kind rvlrich may cxisl rvith rcgards to any land rvhich docs not compris: lhc Silc, olhcr than rvhcrc such obligations or liabilitics nrise: (a) follorving the datc oftlrc Land Lcasc Agrc,cmcnt; cnd (b) pursuant tor and in acconlancc wilh, the Resclllcnlcnl Action Plan or thc Environmcnlal and Social ndionl'lcn.

5.
5.

PERMITS AND APPROVAI-S 5.1 Appllcation for Gcncrrlion Liccnce 5.1-l Tlrc Gcrr.ator slull makc a Propcr Applicaiion to the rclcvant Govc-rnnrorl Authority for thc Gencration Licencc as soon as rcasonably practieable allcr Ratification.
5.t.2 'l'lrc Governmcnt slrall rcrnain rcsponsiblc for thc issuancc of thc Gcncration Liccncc lo thc Gcncrator and shall use all rcasonablc cndcavours to pmmptly analpc and rcslrcnd lo lhc Gcrrcratols applicalion for thc Gcneration Liccnce- 5.2 Applicltions for Conscnts 5.2.t Thc Ocncrator shall make or causc to bc madc to lhc rclevant Govcrnmenl Aulhorilics, Propcr Applications for all Consents (cxcluding the Ccncralion Uccrrce) required by the Gcnerator (and its technical advisors), tlrc 6 ll Sponsors (and their tcchnical odvisors), thc financc Portics (and thcir lcclmical advisors), thc EI,C Conlractors (and thcir contraclors and supplicrs), O&M Contmctor {and tlrcir conlraclors and supplics), additional maintcnancc providcrs lo thc Projc:ct and any othc, contracton of the Gcncrator in conncclion rvith thc Projcct (as may bc agrccd by thc Parties) and shall cxercisc all reasonablc endcavours to procccd with its application for, and olhenvise takc sctions nccessary to obtain, such Conscnts 52.7 Subjcct to thc Gcncrator's cornpliancc rvith Clausc 5,2.1 (lpplications for Couscr s\,lhc Govcmmcnt sholl grant or issuc or shall procurc lhc rcleva[t Govcmmcnl Authority gfants or issues in a timely fashion thc Consents lha{ may bc rcquirul from time to timc by thc Gcncrator (and ils tcchnical advisors), l1rc SFnsors, lhe Finarrcc Parlics (and thcir tcchnical advisors), thc EPC Contractor (and thcir sub-conlractors), thc O&M Conlraclor (and thcir sub-conlractors), a&litional mainlcrflnce providcrs to thc Projccl and any othcr conlractors of thc Gencrator in conncction rvilh the PrDjcct (as rnay be agrccd by lhc Parties).
5 2.3 Thc Govcmnrcnt shall not abmgalc or olhenvise disavow any Conscnl, rvhethcr obtaincd bcforc or aflcr thc Sigting Date, provirlcd thal lhc Govcruncnt slnil not bc in brcach of this obligation rvhcrc, to thc cxlcrl, and for as long aq any ofsuch Consc[ls ccascs lo bc in forcc bccausc of lhc brcach hy rc Ccnemlor of any of tlrc lcnns and conditions attcnding to such Conscnls providcrl that thc Gcncrator has bc.cn nolilrcd ofsuch brcach.
5.1 Slalus of Conscnt Applications Thc Gcnemlor slull urake or causc to bc rnadc lo thc Covcmmcnt, at leasl quartcrly bcginning from thc Signing Date (or al such frcqucncy as tlp Govc,rnmenl and lhc Ccucralor nny agrcc follorving tlrc Comrncrcial Opcmtions Dalc), a rcpon listing thc following (unlcss tlrrc is nothirrg to rcporl, in rvhich casc tlrc rcport shall statrl so): its anticipalcd schcdule [or submillin8 applicalions for Conscri or applications lor thc rcncwal ofConscnts in thc nexl trvclve ( l2) monlhq lhc slatus (so far as il is arvarc) of any Consent applications tlrcn outstanding, notificalions lhat thc Gcncrltor has rcccivcd of thc granl, rcnewal or deuial of any Conscnl ond notilications ofany violations ofany Conscnt.
Thc first scclion ofcach rcport shall alm summarisc any problcms rcgarding any Cons$l or Consc{t application that the Gcnemlor consi&rc is reasonably likcly to advcrscly affcct the Gencratods pcrlormance undcr any Projcct Documcnl ot Finance Documcnt.

In thc cvcnt of any Lapse oI Conscnt, the Ceneralor shall submit a rcpofl rvith dctlils of tlrc Lapse of Conscnl lo lhc Govcmmcnt rvilhin len ( l0) Busincss Days of bc'coming arvarc of thc same.
5.4 Conrllllons to Consenk Without prcjudicc to thc provisions in this Agrcerncnt rclating to Change in [aw, thc Govcmmcrrt or any Govemmcnt Authority may atlach swh tcnns and conditions to the issuancc or rcncwal o[ any of tlre Conscnts 0s arc reasonably rcquired lo cnsurc compliance with thc Applicable [-arv and othcrwise rvith lcrms 6 7tt and condilions (hal arc consistcnt rvith the provisions of tlrc trroject Documcnts and lhc attaclxncnt of such lenus and conditions slull not in and of itsclf constitulc a brcaclr of this Agrccmcnt by thc Goveromenl, o Force Majcurc Evcnt undcr Clausc 14 (Forcc ltojenre) (unlcss such attachmcnt conslitutcs a Change in Larv), or a Covcmmenl Evcnl of .Dcfault undcr Clauscl5.3 (Tcrnrinoti.tt for Govenmrcnt Er'ents of Dcftrult folloving Fituutcial Closing).
5.5 Lieison 5 5.

I Thc Gcncrrlor shall appoint at lcast one mcmbcr of ils sralT to bc availablc to consult wilh thc rclcvant Govcmmcnt Aulhoritics rcgarding and cxpcditc rcsolution of, any problem or issuc lhat may arisc rclating to any Govcmmcnt Authority.
5 5 2 Thc Ministry shatl appoint orrc scnior cmployce and trvo ahcmale scnior cnrplo)rccs rvho shall acl as liaison bctrvesr lhc Ccnemtor and cach Govcnuncnt Authority that has obligations lo lhc Gcncrator as spccilicd under any ltojctl Documenl, Financc Documcnt or any ofthc Conscnls and rvho sloll bc chargcd rvith pmviding te.lsonrblc assislarcc lo thc Gcncrator in cxJrcditing thc resolution olany problcm or issuc thal may arise relating lo thal Govcmmcllt Authorily.
5.6 Suppor( for Ol,ligrtions 561 Upou rcasonablc rcqucd by llrc Gcncralor, subjcct lo conpliancc rvilh Applicablc L:rvs, thc Covcmmcnl shall usc ils gootl olficcs to providc rcasonablc support and shall procurc thal, as fnr as rcasonably practicablc, its good ofliccs lo pmvirh rcasonablc cach Govcmmcnt Authority us€s supporl to lhc Gcncrator, in rclation lo thc Gcncrator's perfonrarEc of its obligations lo implcmcnl thc Projcct and undcr lhc I'rojccl Docurncnls and thc Firrance Documcnls gcncnlly.
The Govcrnmcnl shall procure tturt all Govcmrucnl Authoritics act in accordrncc rvith Applicablc law in rclalion lo the ltrojcrt.

562 Morc gcncrally, tlrc Covcnuncnt shall courply rvilh all thc Govcrnmcnl support provisions containcd in this Agrcement as well as in Schcdulc I I (G ov c nr mcn t & qlnn P mvi si otLr).
5.7 Support to Oblain Conscnts Upon rcqucst by thc Gencralor, subjcct to compliancc rvith Applicablc l-arvs, thc Covcmmcnl slrall providc rcasonablc supFrorl and shall procure, as far as rcasonably practicoblc, lhat each Covcmmcnt Authority shall providc reasonablc support arxl (irr cach case) usc all rcasonable efforts to expeditc thc considcration and the granting by the rclwant Govcmmenl Authority of aplieations by thc Projcrt Panics (and tlrcir contractors and suppliers), thc O&M Conlractor and any othcr eontractoas of thc Gencrator in connc*lion with the Projcct for thc issuc, mainleuance and rcncwal of Consents rvhich are madc in accordancc with thc Covsmmc{t's obligations under Clause 5.2 lApplicatiotr.s for Consents) arvJ 3.4 6 (Conlitions for Conscnts)- Such rcasonablc support slrall includc, subjcct lo Applicablc Lows, the pmvision by thc Oovcrnmctt and./or suclr Govcmmcnt Authorily of advicc as to thc content of zuch applications and liaison with and bclrvccn lhc Projccl Partics (and thcir contraclors and suppliers), tlrc O&M Cor raclor and any olher conlracloE of lhe Gcncrator in connoclion wilh the Projcct) and thc rclcvanl Govcmrncnt Authority as to thc progress of such applicalions.
Notwithstanding tlrc foregoing: 5.7 I 5.,.
2 thc Govcmment shall bc under no obligatiou 1o granl or issuc or causc the relcvrnt Govcmmcnt Autllority lo granl or issuc a Consent if tlrc applicant has failcd to makc a Proper Application for thc grant or isstr of such Conscnl: and llrc Govcmmcnl shall be unthr no obligation lo rcncw or causc llrc rcncrval of any Comcnl rvhich has bccn rcvokcd by a Govcrnmcnt Authorily in compliancc rvith Applicablc larv duc to a failurc by thc Pcrson to rvhotn lhe rclcvant Conscnt lrad bcen issucd to abidc by any matcrial tcrm or condition au.chcd lo such Coflsent unlcss such hilurc has bccn rcmcdied.
PAYNIENT SECURIT}' 6, 6.1 GovcrnnrcnlSccuritSr Thc Govcnuncnt hcrchy cxprcssly conscnt to bc principal co-dcbtor of any OfllaLcr's obligatioos undcr lhc Porvcr Purchasc Agrccrncnt.
'[hcrc[orc, any Ofllakcr's obligation slrall bc dccmcd to trc indivisiblc arrd tlrc Govcmmcrt ard thc Offtakcr shall b dccmcrl jointly and scverally llablc lo lhc Gcncralorfor lhc pcrfonrtancc of all Ofliakc/s obligalions (obligatiorrs to do arxl to pay) undcr the Porvcr Purchasc Agrecmcnt (thc Galcrnarcnt Sccuri',) 6.7 Political ltisk tmurrucc 6.1.t Thc Gcncrator arxl/or tlrc Initial Sharcholdcrs shall bc cntilled to apply for Political Risk lnsumncc ("PRl") in rcspect of thcir invcstrncnts in rclation to thc Projcct at any limc following lhc Signing Datc.
6.2.2 Tlrc Govcrnmcnt shall providc all reasonablc suppori lo llrc Gcncratorand lhc Initial Shareholdcrs in pursuing any application for ItRl, including providing such duc diligencc infomra(ion aorl making availablc high-lcvcl dclcgations as lhc Ccncralor may rcasonsbly rcquirc.
6.3 llxislcnce ofOfftakcr rnd Duc Pcrformsnce arl.l 'I'hc Govcmmcnt rvill ensurc that thc Olllakcr rcmaius in existc'ncc for thc tcnn of this Agrecmcnt, providcd, lrorvcver, thal notrvilhslanding, thc forcgoing, thc Govcmmcnl may privatisc or restructure any or all of thc functions of tlrc Ofllakcr if such privatisation or rcslructurilgdoes nol have a material and advcrse cffcct on thc abitity of Ofllaker or a$y srcccssor to thc Ofltakcr undcr thc Porvcr Purchasc Agrcemcnt to pcrform its obligations ?

!
!

:r thcrcunder, including the ability of lhc Gcncralor to cnforcc its rights undcr thc Powcr Purchasc Agrccmcnl.

6 3.2 No such privaiisalion or rcslructuring shall rcducc thc obligations of thc Govcrnment under this Agrcemcnl \vilh rcspccl to llrc O[Ilaker.
(,3.1 Tlrc Govemmenl hcrcby furtlrcr guarantce the duc and timcly performancc of thc Offtakcr's obligations undcr thc Porver Purchasc Agrecmcnt and shall, al thc rcqucsl of thc Gcnerator, in a timcly manncr lake any mcasurcs to cnsurc that tlrc Offtakcr striclly complics wilh its obligations undcr lhc Porvcr Purclrasc Agroemcnt.

61-4 Any failure by thc Covemmsnt lo conrply with thc provisions of this Clause 6 shall bc dcemcd to bc a matcrial brcach of this Agrccmcnl.
6.3 5 Tlrc ltartics agrce that fhc Ofllakcr's cnlry into a contracl $ilh a managcmcnt consultanl to support lhc manag,cmcnt of lhc Ofllakcr's business on and subjcc( lo thc tcrms of such contracl sholl not, of itsclf, constilulc a privalisation or rcstrucluring of lhc Omskcr.

7.
7.

I'OREICN CURRENCY EXCIIANCE AND TRANSFEIT OtT FUNDS 7.1 Availability of foreign currcncy Suhjccl to Applicnble Laws, tlrc Uovcmrncnt shall Dot and shall procurc that rn Govcnrmcnl Authority shall in any way rcslrict lhc convcrsion of funds frorn onc currcncy to anotlrcr by or on bchalf of thc l'rojcct Parlics or rcstrict any paymclll duc and payablc and rcquircd lo bc,nadc in Dollars by lhc Govcmmcnl or thc Ofllakcr un&r this Agrc.cmenl or thc l'orvcr Purchasc ngrccmcnl.
7 .2 llrnk Accounls 1.2.1 Forcign cxchangc providcd lo lhc Gencrator by Financc Porties and used lo pay forcign conlmctors or vendors ln respctt of scrviccs provided or cquiprncnt or matcrials Jrurchascd oulsidc Sicrra l-cone rnay bc paid dircctly lo such pcrsons and not conductcd through bank accounts in Sierra l-conc.
Forcign cxchangc reccivcd pursuanl lo a suecessful claim madc undcr the insurance policies maintaincd by thc Gcncrator, or rvlrich lhe Gcnemlor is othcrwise a bcncliciary of, or in rcspecl of ony ltojc{t Documcnt thal thc Gcnerator is a parly to, may bc rctaincd abroad and necd nol be conductcrt through bank accounts in Sicrra lronc.
1.2.2 Thc Govemmcn( shall cnsurc that upon Proper Applicalion bcing nradc by thc Gcncrator thc relcvant Covemmcnt Aulhor(y shall: (a) givc l,hc Gencralor ard tlrc Co8tractors all neccssary conscnts for lIrc opcning, opcralion, and relenlion of Foreign Cunency bank accounls inside Sierra Lcone for lhc purposcs of thc Project (including thc payment of all foreign cxchange rcccivcd urxlcr thc Finance 16 :e Documents or otlrcnvisc by the Gencrator inlo such occounts and rvillrdrawals tlrcrcfrom); and (b) givc thc Gtncrator pcnnissiou lo tnainlain bank accounls ortsidc Sicrra Lcone for thc purposes of thc Pmjcct and lo lransfcr funds from ils accounls in Sicrra l-corrc to ils accounts rnaintaincd outsidc Sicrra l,conc as are necessary to irnplcmenl and carry out thc Projccl in accordance rvith antl in ordcr to carry out its obligntions aml cxcrcise its righls under this Agrecmert and the Sccurity Packagc including, rvithout limi(ation, such accounts as arc rcquircd undcr such Sccurity Packagc, providcd, howcrrcr, that nothing in this Agrconcnt shall prcvcnt tlrc Gencralor, or thc Sponsors from opening, operating, transfcning moncys lo and rclaining momys in additional forcign cuncncy bank account.s outsidc Sicrra kone from timc lo timc after the Signing Datc.
7.3 Frcc Trausfor of Nc*essory Funds ?.3.1 Thc Govcnrmcnt shall pcrnrit lhc frcc transfer olall funds and financial sctllcmcnts neccss:Iry to implcncnl and carry oul thc Projccl, or thc implcrncnlation of this Agrecmcnt, thc Projcrt Documcnts, thc Financc Documcnts or any othcr agrcctncDt or docunrcnt forming part of tlrc Sc-curity Packagc or to rllorv lhc Ccncrator lo; (a) rqratriatc any dividcnds (or digributions of capital) to its 'sharcholdcrs; or (b) pay any prrncipal or inlcrc€l llut is duc to: ils slmrchol&rc undcr sharcholdcr loans: or (i) (iD thc Financc l'arlics, in a forcign curcncy.
7,4 Co-opcrationofGovlrtrnrcntAuthorltis Thc Govemmenl shall procurc thal all tclevanl Govcmmcnl Authorilies do all such things as may bc neccssary to givc full effccl to this Clausc 7 (Forcign Curatcy Erchangc anl Trans/cr of Fundsl.

8.
CO}'ENATITS 8.1 Assurance Agrtmt Discrluintlory Action 8.1 I Thc Govemmcnt slull not takc or permit any Govcrnrncnt Aulhority to takc any discriminatory aclion which materially and adversely affects thc Projcct or tlrc pcrformancc of thc Gcrrcrator's obligations or thc enjoyment of lhc Gcncrulot's rights undcr this Agrecmcnt or any othcr agrccrnc,ll rclaling to 6 thc l'rojccl to rvhich (i) thc Govcmment, thc Ofllakcr or a Covcrnmcnt Authority, and (ii) thc Gcncrator, a Contractor or a Financc Party (as thc case may bc) are a party; providcd, that the forcgoing shall not in any way limit or rcstrici lhc ability of Govcmmcnl or suclr Govemmcnl Aullrority to frecly agree rvith or irnposc upon companics and investors in othcr pmjccts different tcrms from lbosc sct out in or imposcd pursuant lo this Agrccmcnt, rvhich: (a) arc consistcnt {rilh the Covcrruncnt's applicablc policy, as dcvclopcd fronr timc lo time and do not malcrially and advcrscly affcct thc pcrlonnalcc of thc Gcncra{ofs obligations or tlrc cnjo)nncnl by tlrc Sponsors or thc Gcncrator, its Contractors or thc Financc Partics of its rights in rclation to tl,c Projccll or (b) arc justil-tcd by a rclcvnnt factual diffcrcncc bctwccn thc Slrcnsors or thc Gencrator or thc Project and thc otlrer company, invcslor or Ofllakcr and do not violalc lhc Gcncrator's rights urrlcr this A8rccmcnl or llrc Powcr Purchasc Agrccmcnl any olhcr Projcct Documcnl to rvhich thc Govcmmcn1 Olltakcr or &ny othcr Govcmmcnt Authority is a party.
t I 2 Nothing in this Clausc L l slull: (a) apply to any acliofls lakcn by thc Govcmmcttt or ary Covcnuncnt Autlrcrity pursurnt to lheir respcclive rights and olrligations undcr lhis Agrccmcnt, thc Porvcr Purchasc Agrccmcnt or any otlrcr agrc.cment lo rvhich such cnlity is a party; or (b) prohibit or linrit irr any rvay llro Govcnuncrl or any Govcrnlrrcnl Aulhority from making rational distirxtions bctwccn parties or from utilising mcilsurcs, eslablishing conditiors, or enforcing rcquiremenls that arc, in cach casc, intendcd or de,signcd to advancc thc purposcs of the programmc or policy bcing irnplcmcntcd by thc GovcmmcDt or a Covcmmcnl Authority.
8.2 Acquisition ofShorcs or Asscts Thc Govcmmcnt undertakcs lo llrc Gcoeralor lhtt neithcr il nor any Govcmmenl Authority will (a) carry out a Sharc Erpropriation Evcnl, or (b) cnrry oul an Expropriation of Contml, or (c) othenvise compulsorily acquire, cxproprialc, rcquisition or nationalizc lhc Projs.t (or any part tlrcrcof), thc Gcneralor or any asscts oflhc Gencralor, lhc Finance l'artics or thc Contractors.
8.1 Rcstriction on Transfcr of Sharcs E.l.t Subjcct to Clausc 8,1.2 belorv, lhc Gcneralor undcrlakes to thc Govcmmcnt tlrat it shall: fP ll (a) procure that llrcrc arc no clranges to thc dircct and indircct ovncnihip of thc Gcncrator as slrorvn in tlrc Owncrship Stnrclurc Chart olhcr thrn changes rvhich arc: (i) co[scntcd lo by thc Govcrnmcrtt or (ii) othcrwisc pcmritted by this Clausc 8.3; and (b) procurc conrpliancc of this Clause 8.3 by cach mernbcr of the Gcncalor's group.
'lhc Govemrnsnt undcrtakcs to lhc Generato, that it sh.ll not, in thc cxercisc of the powcn vested in it by Applhablc [:rv, proscribc any forcign invcstor from holding slrares in thc Gcncrator dircctly or indirectly, othcr lhan whcrc thc Govcmmcnt considers in ils solc discrction that it lvould bc prcjudicial to the mtional s€curity intcrcsls of Sicna Lconc for such foreign invcslor lo hold shorcs in thc Ccncrator, il bcing rccogniscd tllat thc fact tl|at a proposcd invcslor would be a forcign invcstor shall nol in and ofilsclfbc an aJrpropriatc rcason for such proscription.
t.1.2 8.3 3 Subjc.ct to thc provisions of this Clausc 8.3 (Rern'iction ou 'lhrnslbr ol Stores), thc Gencrator shall not (and shall procurc thal thc Sharcholdcrs.
Sponrcrs and ils A[Iiliatcs slull not), dircstly or indircctly, whethcr by way of merger, consolidation, salc of slock, Changc of Conlrol or othcrwisc, 'l'ransfcr lhc I'rojcct, tlrc [lant, lhis Agrccrncnl or any othcr Projcct Documenl or their rcspcclivc bcnefits, inlcrcsts (inclutling cquity intcrcsls aml Sharcs), rights and obligatiorrs in, undcr, rclating to, or in connL'ction rvilh the Ccncrator, lhc I'rojcct, llrc Plant, this Agrcerncnt or thc Powcr Purchasc Agrccment nnd for the avoidancc ofdoubt, any such Transfcr shall be tlccmcd to bc a rnatcrial brcach by tlrc Ocncralor oflbis Agrccmcnt.
tt.!

4 The Govcmmcnl also agrecs to procurc tlurt ncitlrcr it.
nor lhc Omakcr ryill lransfcr its obligations under this Agrecmcnl or ihc Porvcr Purchasc Agrerment(as applicablc) lo any olhcr pcrson withoul lhc prior conscnt of lhc Gcncralor, s,uch conscnl not to bc unrcasonably witlrhcld or dclayed, provirlcd that lhc Gcn€lator will bc decrned lo bc acling rcasonably if il is rcquircd to obtain tlrc Lcndcrc'consenl for such a transfcr and lras not rcccivcd such consed having rcqucstcd il rvhdc rcqueslcd to do so by thc Govcmuqrt.
Any slch transfcr in breach of this provision sholl be decrncd lo bc a malerial breach by the Govcrnmcnt ofdris Agrecmcnt.

E.l 5 At any time allcr lhc sccond (2d) anniversary of thc Commcrcial Opcrations [ratc, lhc Sponsors shall bc pcnnittcd to 'Iransfqr thc Sharcs or any ofthcrn lo Qualificrl lnvcstors.

8.3 (r Al any timc prior to the seconrl (?


{1 annivcrsary of thc Commcrcial Opcrations Datc, thc Sponsors shall be Fnniltcd to Transfer the Shares, providcd thal: 6 (a) (b) such 'l rarsfcr shall rrot result in a Clunge of Control of thc Gcnerotoc and tlrc translcrcc of such Sharcs is pcrson rcquircmcnts of paragraphs (b) and (c) of "Qualificd lnvcstor" in Clausc8.l.9.
rvlro salis[ies thc thc dcfinition of t 1.7 If any Sharcs arc transfcncd to any Qualilicd lnvcslor or othcnvisc (lhc "Tmnsfcrcc Quelllied Invcstor") by any person (thc 'Tmnrfcror"), thc liansfcmr ard thc Ccnem(or slrall procurc that such Transfcrec Qualilic<l lnvestor shall not Transfcr any Sharcs in conlravcntion of thc provisions of this Clausc 8.3.

Tlr provisions of this Clausc 8.3 shall mutalis mulandis apply to tlrc subscqucnl tronsfcr ofany sharcs.
8 3 t Thc Ccnsalor shall: (a) makc apprcpdate pmvisions in its articlcs of association and any slnrcholdcn' agrccmcflt lo cnsurc compliancc rvith thc provisions of lhis Clausc 8.3; (b) includc, to thc cxtcnt pcrmittcd by Applicablc Larv, appropriatc lcgends on all sharc certilicatcs cvidencing tlu orvncrship of Sharcs so as lo put ptoqrcrtivc purchascrs olsuch sharc capilol on noticc ol' tlrc rcslriclions on sharc Transfcrs set fonh in this Clausc 8.3; (c) nol rcgistcr or give cffcct to any purporlcd 'Iransfcr of Sharcs of thc Gcncralor tlrat is not in conrpliancc rvith thc rqstrictions scl oul itl this Clausc 8.3: and (d) pronrptly uotify thc Co\€mnrcnt o[ any proposed or aclual Changc of Conlrol ofthc Gcncralor.
ll 1.9 lJor thc purposcs of this Clausc 8.3: "Transfcy'' rrcans scll assign, transfer, co[vcy, crcalc any l]llcurnbmnccs, subcontracl or dclcgatc (cxccpl, in cach casc, whcrc cxprcssly pcnniltcd or contcmplalcd by this Agrccment), declarc a lrust in favour ofa tltild pany or dcclorc itsdf a rustec for a tiinl porty or ollrcnvise disposc o[ in any manncr; and "Quelilied Invcstor" mcans a pcnion: (a) having cxpcricnce of morc lhan live (5) yearsof dcvcloping or invcsting in powcr projects having asscts and rcsourccs suflicicnt to perform thc obligations of transferee shareholder in relation to thc Pmjcet and upon thc Govcmment being reasonably satislicd tlEt lhc introduction of such invcstor is unlikely lo matcrially and detrimc{lally alfect the Project in accordancc rvilh this Agrcemcrti and fi) l!
(b) (c) rvho is nol of a natiooality that is prohibited by tlrc Applicablc brvs from invcsing in Sicrra Leonc; and rvho llrc Govcmtnent considcrs, in its solc discrclion, ao trot bc a lhreat to lhc aational sccurity intcrests of Sicna Lconc.
8.4'l'raosfercrcurplions Tlrc rcslrictions in Clausc 8.3 (Rastriclion on Trarfcr ol Slnres\ shall not apply to: 84.t any Transfcr rcquircd by any Applicoblc [:rv or by thc opcralion of lhc Applicablc Law or by ordcr ofa court, tribunal, or Govcmmcnl Authority rvith appropriatc jurisdiclion; 8,t.1 any Transfer rcsulting from thc crcalion or enforccmcnt of a sccurity intcrcsl in or ovcr any Sharcs in accordance rvith drc Scrurily Paclagc and any Dirc€t Agrcwcnt; ll4 I 8.14 any 'fransfer to rvhich thc Covernnrcnt has givcn its prior rvrittcrr approval; subjccl to thc reslriction in paragraph (a) of Clausc 8.!.6(Rcsniaiur on 'l'runsfcr ol Slrut'cs), any Transfcr bctwesn Sponsors or Translcr bctrvccn a Sponsor and Aflilialcs lhcrcof or bclwccn such Affilialcs, unlcss such tronslercc Alfiliatc ceascs lo bc an Amlialc of thc transfcrring Sponsor or Affiliatc tlrcrcof (as applicablc)i or E4 5 any'l"ransfcr arising from atty initral public offcnng, any public olTcring of sharcs lo rvhich llE Govcrnmenl has givcn its prior rvritlcn approval or liout llrc cxercisc of any prc-cmplion rights in cffc'cl al thc Sigrring llatc arrrl rvhich havc bccn nolilicd by thc Oencralor to lhc Govemmenl.
8.5 Accounls and Rcporls ssl The Gcncralor shall makc arritnBcrnenls rcasonably satlsfactory to lhc Covemmcnl with respcct lo tlre inslallation and oPcration ofan accouniing and cost control syslcrn and for the appointmcnt of indepcndent charlercd accounlanls rcasonably acccptablc to the Govcmmcnl.
s.52 Tlrc Gorcrator shall rnaintain complclc atrd accurale rccords in Dollars (and, to tlrc cxtent required by the Applicablc Larv orby lhc board ofdircctors of tlrc Oencrator, in Sicrra Leonc) accounting for all lransactions relating 1o thc dcsign, Iinancing, insurancc, construction, commissioning, opcralion and mainlcnancc thc Projcct (as applicablc), rvhich records thc Govcmmcnt shall bc cntitlcd to inspect at thcir orvn cost ond cxpcnsc and on giving thc Gcncrator rcrsonirble prior nolicc.
E 5.1 Unlil thc repaym€|ll.
in full oI any Projecl indebtedncss which has rcquircd any nature of indannity frorn the Govemmcnt, thc Gencrator shall, as soon as available but in any cvent rvithin ninety(90) Business Days(or any shorler period rcquircd by thc Applicablc [-arv) alier the closc of each fiscal ycar, $D ']it fumish to lhe Covemmenl trvo copics of the balancc slrcct requircd of thc Ccncrator as of lhc close of lhe ftscal ycar, &nominatcd in Dollars (and, to the cxlcnt rcquircd by thc Applicabh hrv or by tlrc board of dircctors of llrc Gcncrator, in Siena l*one) and slatcmcnls o[ income and rclaincd e{mings and changcs in financial posilion of llrc Gcncralor for the fiscal ycar, in cach casc sctting forth in comparativc form thc figurcs for thc prcceding fiscal year, all in rcasonablc detail and accompanicd by an opinion thcrcon of its auditors, to thc cffcct that thc financial statcmcots have becn prepared in accordancc rvith generally acceptcd intcmalional accounting principles (unlil such limc as Sicna Lcone odopls its orvn gcncrally :rcccptcd accounting principlcs, at which lime such principlcs slnll apply), and Ihat thc cxamination of the accounts in conncclion rvith thc financial slalemcnls lus bcen ma(k by tlrcrn in accordancc with gcncrally acccpcd intcmational fluditing slandards (until such timc as Sierra Lcone cdopts ils orvn gcncnlly acccptcd auditing sla[dards, at rvhich timc such slandards shall apply), and includcd such tcsts of tlrc accounting records ond othcr auditing proccdurcs as rvcre considercd nc.ccs.sary in the circumstanccs.
E.6 Scopc of Activitlcs Tlrc Ccncrator agrecs thal ils solc aclivilies shall bc in conneclion with thc implcmcnlalion of thc Project nnd lhc pcrfomroncs of ils obligotions and cnforccmc.nt of its rights undcr lhc Projcrl Documcnls, llrc Financc Documents and Applicahle Larv, and tlut il vill not: (i) cngagc in any otlrr activitics; or (ii) form any subsidiarics or olhcrwisc purchasc or subscnbe to any equity or othcr intcrcsl cnlilhd lo (rvhctlrcr irmncdiatcly or upon convcrcion) voling or othcr rights of mtrnagcmcnt or control in any othcr company, in cach case rvitlroul lhc prior lvrittcn consent of thc Govcmmcrl.
8.7 lndcblcdncss Thc Cencrator shalt not wrthout thc prior rwittcn approval of tlrc Govcmmclt: E.7.1 incur any indcblcdncss rvith a tcnn crtcnding bcyond tllc gatcd lcrm ofthc Power Purchase Agreemcnt, or 8.7.2 incur or havc oulstanding indcbtedncss (othcr tlmn Permittcd Indcbtcdncss) upon erpiration ofthc term of ths Porvcr Purchasc Agreement.
8-8 Armrs lcngth tmnsoctions Except rvith thc Covemmelt's prior writlen conscnt (not lo be unreasonably withlrcld or denicd), thc Ccncrator shall not cnter into any agrcemcnt arrangemcnt or lransaction wilh any Pcnxrn, exccpl to thc extent such agrecmenL arrangcmcnl or transactioo is: E.8.1 a Projccl Documcntor a Finame Document, which shall 6h automaticrlly bc dccorcd to bc enlercrl into in accordance with lhc rcquirernents of this Clause 8.8,2; or 8.8.2 is cnlcrcd inlo: 6 t( (a) (b) (c) in tlrc ordinary coursc ofbusiness; on an ann's length basis: anrl on nonaal markct lcrnrs for a company in similar circumstaDccs, provided that llrc Gcncrator shall providc a copy of any agrccmcnl and dctails of any arrangcment or transactio[, lhat it cntcrs into having a tolal annual contracl valrrc or aggrcEatc schedulcd paynenls duc from lhc Gcrcratorin any givcn ycar in cxcess of two hundrcd and lilly thousanddollars US$25o,fi)0 (CPI indcxcd) rvi[rinthirly (]0) days of thc latcr of (i) tlrc datc lhc Gsncrdlorcntcrs into such agrc€menl arrangement or lranslctiou or (ii) tlrc date on rvhich such sgrecmenL arrangcmcnt or lmnsaction bccorncs uncondilional and cllectivc in accordancc rvith its tcrms- 8.9 Anti{orruption E.9 I Tltc Gcncralor covcnants that: (a) wilh rcspccl lo any of lhc mallcrs which arc thc subjcct o[ this AErccmcnt or in conncction wilh lhis Agrccmenl and any maltcrs rcsulting from it, thnt il shall nol commit any Prohibitcd Act in rclation to thc Projcct: (b) it lras not obtaincd or ixluccd lhc procurcmcnt o[ this Agrccmcnt.
aoy othcr Projcct Documcnl or anv contrlct.

Conscnt, approval, right, intcn:st, privilcgc or otlrcr obligalion or benclit rclatcd tlrcrcto or lo thc Projcct from llrc Govcmmcnl or any othcr Covcrnment Authoriry through any Prohibitcd Act; and (c) il shall: (i) procurc lhal rvhcrc ils orvners, Sharcholders, Sponsors and officcrs.
dircctors, ctnplo)rc:cs act on its bchalf: and (ii) use all rcasonablc endeavours to procurc llut whcrc its advisors, consultanls, subcollractors or agcnls act on its bchalf, they comply rvilh thc pmvisions in tl:l,s 8.9.1 \Anti-Corraptionl.
In this Clause 8-9 (Anti-Corntptior), "Prohibltcd Acf' mcans committing any of lhc offcnces offencc undcr any Applicable [:w of Sicrra tcone rclating to the prevention of comrplion or bribcry, in respcct of fraudulent acts or in rcspcct olany attcmpt or conspiracy to dcfiaud.
8.9 2 Thc Ccncrator shall: (a) conduct its business in compliancc with applicablc anti-corruplion larvs and itrlemal.ionally acccflcd standards of busrncss conduct and 6 cthics, including thc Applicablc Law, thc Unilcd Kingdom Bribcry Act 2010, thc Unitcd Statcs Forcign Com.rpt Practiccs Act and thc Convention on Combating Bribcry of Foreign Public Olficials in lnlcmational Busincss'l ransactions (signed in Paris on I7 Dsccmbcr r99n; (b) rnaintain pr:lrcics and procedurrs dcsignctl to prcmole and achicve cornpliancc rvith tlrc laws and standards s.{ oul in Clausc 8.9.2(a) (Aati-Coruptiou); (c) providc adcquate tminints to all of its ofncers, employecs, agclrls and rcprcsen(alives in rclation to the larvs and standards scl oul in Clausc 8.9.2(a) (A n t i - C o rn qt i o nl; (d) only cntcr inlo contracts or procure sswiccs in rclalion to this Agrconenl or thc Project: (i) (n) rvhiclr arc Focurcd in nccordancc rvith standards substarrtially the salnc fls thosc sct out in Clausc E.9.2(a) (i n t i -Cona t p t iu t); rnd l[ lhc cont]aclor or servrce providcr agrees lo cornply wilh llrc provisions in this 8.9.2(a) (;lnri.Conrplion).
kocp bookq account.s and rocords that proJrctly, fairly and accuratcly rccord and rcporl all transaclaons rvith rcspsct to lhc mattcrs which are thc subjcct of this Agrcernent or in conncction with lhis Agrccmcnt and any mallcrs rcsulting thcrcfmm for a period of al lcast fivc (5) ycars follorving lhc pe od lo rvhich lhcy rclatc.
'lhc Govcmmerl shall bc cntitlcd, lnving givcn rcasonable nolicc, lo il].spcct any suclr documcnl or wherc it is otlrerrvisc penlritted, to in-spcct suclr documenls in accordancc rvith thc [:rv of Sicna Leone; and and shall procurc lhal its oflicers, dirc.clors, cntployccs, advisors, consultanls.
subconlractors and aBcnts shall immcdiatcly reporl to thc Govcrnment, wherc permittcd by lhc larv of Siena Lconc, any suspeclcd violations of thc larv of Sierra l,conc or conducl of any Prohibitcd Act in conncrtion with any mattcrs to which this Agrccment rclatcs (rvhich includes acls or omissions rvhich may affccl thc Cenerator).
(c) (f) 8 9I The Partics agrcc that any conlracl, Conscnt, alproval, right, intcrcsl, privilcgc or ollrer obligalion or bcncfit obtained or procurcd by the Gcncrator making any false dcclaration, misrepresenting any facts or taking any action likcly to dcfcat the purpose of lhis Clause 8.9 shall, vithout prcjudice lo any other right and rcmedies availablc to thc Govemmcnq be voidablc and without legal effect al tlp option of thc Governmcnl provided that this provision shall not apply and no action shall bc takerr against such 6 l Gcncrator for any actions of any of its o(ficcrs, dirc-clors, cmployccs, advisors, consultants, subcontractors or agcrlls, ils promolcrs, Shareholdcrs, Sponsors.
or its subsidiarics.

rvhich lrave nol bccn autho scd by such Gcncrator.
li 9 4 Thc Govcmmcnt covcnarr(s that: (a) with ,sspccl to any of tlrc matters which arc thc subject of this Agre€mcnl or in conncction rvi(h this Agrcemenl and any matlcrs rcsulting from it, that ncilhcr it nor any Govemmcnt Authority shall comnrit any Prohibitcd Act in rclation to thc Projccl; (b) il hrs not obtaincd or induced llrc procurcnrent of this Agrccrncnt, any other Project Docurrcnl or any conlract, Consenl, approval, right, in(cresl, privilegc or othcr obligation or bqrlit rclatcd thcrcto or to the Prcjccl from thc Gcnerator, thc Sharcholdcr or thc Slronsors through any Prohibited Act.
8.10 Acccss lo thc Silc rnrl lhe Stnging Area The Covcmme slmll (and shall procurc tlnl any Govcrnmcnt Aulhority shall) coopcmlc with lhe Gcncrator to mitigatc, lo tlre greatcst cxtcnt 1rcssiblc, thc impact of any cvcnt or siroumstancc rvhich hinders or dclays the nbility of tllc Gcncmtor's cmployccs or Conlraclors lo acccss thc Sitcor Staging Arca.

9.
REPIIESENTATTONSANDWARRANTIDS 9.1 GovenrmcnlRcprcsenl.lionsandWrrrnnlics 9tl Thc Govc'mrncnt rcprcscnls and rvarranls lo thc Gcncralor that as at lhc Signing Datc: (a) it has full 1rcwcr and authorily lo exccute lhis Agrc€mcnt and to cxcrcise ils righls and pcrfonn its obligations in accordance rvith this Agtccment; (b) the cxecution of tl s Agrcemcnt has bccn duly authorised by all rcquisite aclion on lhc parl of lhc Govcmmcnl; (c) (d) (c) (f) lhe pcrson signing this Agrcrmenl on behalf of tlrc Covcmmcnl has fie porver and authority to do so; this Agrcemcnt has bccn validly cxecuted on its bclnlf; thc cxeculion and pcrformance of this Agreemcnt by il will not violalc any laws or ordcrs or any olher obligalions binding on it or lhc conslitution ofSicna Leone; and lhis Agrcernent co[stitutes ils private ond comrncrciol act.
?1, 912 Tlrc Govcmtncnt rcprcscnts and rvarranls to thc Gencrator as ol tlrc Signing, Datc, subjcct 10 Clausc2.l.1, tlrat lhis Agrccmcnt is lcgally binding on and cnforccablc against il in accordancc wilh thc tcrms o[ this Agrccmcnl.
9.2 CcncratorRcprcscnlallonsrndlVarrentics 921 Tltc Gcneralor tg?rcssnts and wflrranls lo thc Govcrnmcnt lhal as al llrc Signing Date: (a) (b) (c) (d) (c) it is duly incoqroratcd and validly cxisting under tlrc larvs of ils placc of incorporalion; it has the Jxrwcr to cxccutc this AErccmcot and 10 cxcrcisc its rights and prfomr its obligations unrhr it and has oboincd all nccessary internal authorisations lo do sol this Agrcenrcnt has been duly excculc{ on its bchalt this Agrcement is lcgally binding arxl enforccablc agoinst it1 olhcr tlran cx partc proccedings o[which thc Gcncrator is nol owarc or cxccpt as disclosed to thc otlrcr Party bcforc thc Signing Dalq no litigatioq arbilration or administralivc proceedings arc laking placc in rclation to it rvhich could rcasonably bc cxpected lo lravc a rnrtcrial advcrse effcct on ils ability to pcrform its obligations undcr lhis Agreemcnt; (D this Agrccmcnt constilulcs its privale and conrrncrcial act; G) thc cxcctlion and pcrfonnancc of lhis Agrcemcot by it will not violate any laws or orders or any othcr obligations binding on it or any of ils conslitutional documenls; and (h) it is not in dcfault under any agreemcnt or arrangcmcnt to rvhich it is r party or by which il is bound in any manner that could rcasonably bc cxpcrtcd to have 0 material advcrse cllect on its ability to pcrform its obligations under this Agrccrnent or thc validity or cnforccability of this Agrcement; axl (i) tlrc Ownership Stnrcturs Chart is truc and accumtc.
10.

TAXATION Each Party shall comply rvith its obligations undcr Sclredulc 8 (TA)(ATION.

To tat any ma er ir schedule l0(l AXATIoNis inconsistcnt with thc €xtcnt Applicablc Law orthc tcrms of any Sierra Leone Documents thc provisions of Schcdule 8 (TAXATION) shall prcvail.

6 .\9 t !.
6 .\9 t !.

TITAINING AND TECIINOLOGY TRANSFER I Ll Employment ofSierra Lconcens I l. t.l The Panics rccognise that tlaining citizcns of Sicrm Lcouc in thc dcsign, construction, iflstallation, opcration, mainlcnancc and managcnrcnt of thc Projcct (as applicable) and maxhnising tcchnology tnnsfer arc ccntral to lhe inlcrcsts ofthc Oovemmcnt in rhe I'rojcct.
Tlrc Ccncrator shall thcrcfors usc all rcasonablc cndcavours to cmploy cilizcns ofSicra Lcone, to thc grca(csl cxlent rcasonably practical, for thc construction, irrstollation, opcralion, maintcnancc and manogemcnt of thc Projcct, taking inlo accounl qualifications, cxpcdcncq pcrformancc, cost, rcliability, tirning, availability and lhc timclablc and dsadlincs applicablc lo lhe implementation o[ the Projcct.
ll.l.2 Thc Gcflcrator shall submil a rcport annually (bcginning lrom thc dalc of Ftranciol Closing) lo thc Govemmenl dctailinB the progrcss rnadc torvard mccling llre objeclives sct fonh in Clausc I l.l.l (Envlo1,n1g,r1 of Siernt Lconcons).
I 1.2 Training enrl 'l'cchnology Transfer ll 2 I 'nlc Gcrtcralor slurll conducl, in thc normal course of busincss, cntployce training programnrcs from lime to timc, including training in each of thc skills uscrl in tlrc planning, constJuction, operalion and maintcnancc of thc Project antl training in managemcnt for thosc cmployces qualilicd for rnanagemcnt lraining.

'l hc training progratnrncs shall fiom limc-lo{imc focus both on technical and administrativc rnatlcrs, including contract adminislralion.
'I'lrc cosl ofsuch cmploye training rvill bc a nonnal cost of busincss inelu&d in operaling and m:rintcnance cxpcnscs.

I I 2 2 l'hc Gcncrdtor shall submit an annual rcport 1o thc Govcrnnrcnl dcscribing in dclail ils cnrploycc training progmmmes, thc implcmcnlation of such training programmcs and llrc amounts spefll on suclr t.aining programmes.

ll.2l Thc Gcncralor shalt.


to the cxtenl rcasonablc wilhill thc conduct of its busincss, assisl in thc transfcr of tcchmlogy to tlrc Of0akcr duriog thc last lwelve (12) month of llrc Tcrm; provided.

horvcver.

that lhis Clnusc 11.2.3 slrall not obligatc the Gcncrator lo brcaclr any conridcntiality un&rlahng or rcstrictions on intcllcctual propcrty usc or lo incur any malerial oul of pockct cxpcnscs that are nol reimbursal by lhc Covcrnmcnl or lhc O[Iiakcr.
I 1.3 Slcrm Leoncan Rcsourccs Su jcct to thc procurcmcnl rcquircments of the Financc Partics, lhe Generator shall, and shall usc all reasonablc endeavours to cause ils Conlractors to, comply witlr lhc Sierra Lconc local conte.lt rcquirements set out in Schedule I (Sierro Lconc Loctl Contcnt Agency Act).

B) {(, t2.

t3.
lNo'f usEDl LIABILI'TV r3.I Lialrallty for dlmlgc lo propcrly, dcrth lnd pcrsonel injury l3.t.l Thc Cenerator slnll ltold harmless and indcmnify any Govcrnrncnt Authority from anrl agahst all Losses sullercd by a Govcmmcnt Authority to thc cxtcnt lhal: (a) lhose Losses rcsull from damage to proFrty, dcath or pcrsonal injury,; (b) thc damagc to propcfty, tlcath or pcrsonal injury rcferrcd lo in Clausc l3.l.l(a) (Liability for danogc to prope,7y, death und pcrsonal tgnn') rcsults frorn eitlrcr the brcoch of tlris Agrcemcnt by thc Gencrator or onc or nrcre ncgligcnt acls or omissions of a Ccncralor I'arly llral is connecled with thc Projcct; and (c) thosc Loss€s arc not causcd by lhc ncgligcncc, misconduct or breach of contrdcl of any Govemmcnl Aulhority or thc failurc of any Covcml!rcnl Authorily lo take rqrsonable stcps to matiEllc s1lch Losses.
ll.l.2 'l'trc Govcmmcnt shall lrold hannlcss and indenrnify thc Gcncntor Parlies from and against all Losscs suflbrcd by lhc Govcrnmcnl, any Covcmmcnt Autlrority or O[Ilakcr l'nny lo thc cxlent llHt: (a) thosc I osscs rcsult fiom darnagc to propcrty, danth or ;:crsonal injury; (b) thc darnage to propcny, death or pcrsonal injury refcned to in Clause 13.1.2(a) rcsults fmm eithcr thc brcach ofthis Agrccmcnt by lhc Govcrnmcnt or onc or nrorc rcaligcnt octs or omissions of llrc Govcmment,any Govemmc:lll Authority or Offtokcr Party; and (c) thosc Losscs are not causcd by thc ncgligcncc, misconduct or breach of conlracl of ony Gcncralor Parry or llre failure o[ any Generalor Par(y to take reasonablc stcns lo mitigate such Losscs.
t3.1.!

Each Party shall notif, thc olher Pany in writing of any evcrl that may rcsuh in a [oss requiring rcimburscrncnl under this Clausc 13 (Liabiltty) as soon as rcasonably practicablc afler llrc lirsl Party becomcs auarc of suclr a claim, but a failurc by a Party to do so shall nol rcduce tlre reimburcing Party's obligalions uodcr this Clause 13 (Liability), cxccpt lo lhe exlent llEr thc rcimburscd Party's dclay ircrcascs its Losscs.
13.1.4 A rcimbursing Party's liability under Clause l3.l.l(al (Liubility for danage lo propcrt!, deolh and perconal injurl') or ll.l.2(a) rvith respect to any loss consisting of a third prty claim slull arisc only upon: rD dt (a) (hc scttlcnrcnl of lhc lrss by tlrc reirnburscd Party with thc prior rvritlen conscnt ofthe reimbursing Party; or (b) thc giving or making of a judgment or arvard rvith rcspcct to rhc Loss by a courr or tribunal of competent jurisdiction which eithcr cannot bc a[?caled or rvherc the limc limit for lodging an appcal has cxpired, and thc rEimbursing Party shall rcimbuBe lhc olhcr Party in rcspccr of ftal [,os.s rvithin thiny (30) days aRer noticc from thc othcr Pady tlut it has paid thc claim pursuant lo lhs{ sctllcmcnt, judgment or awanl.
ll.t 5 Any failure by thc indemnifying Party to makc tlte relevant payments pursuanl lo this Clousc l3.l to lhe indemnil'rcd pcrsons slull be dcrmed to bc a matcrial brcach by thc indcmnifying Parly of this Agrccmcnt.
l).2 Dcfcncc of Clolms ll2 I Upon acknorvlctlging in rvriting its obligation to indcrnnify an indcrnnificd Party to thc cxlcnt rcquired pursuant lo this Clausc 13 (Liobilityl, lhc iudemnifying Parry shall be entillcd, a( it.s option (subject to Clausc 13.2.3), to assumc and control thc defcrrc of such claim, action, suit or pmcccding al its crpcnsa rvith counscl of its sclcction, subjccl to thc prior rcasonablc approval of thc indcmnificrl Party.
t322 Unlcss and until thc indcmnitying Party acknorvlcdgcs in writing its obligalion to i[dcrnnify lhc indcmnil-rcd Parly to lhc c.rtent rcquin-rl pursuant to lhis Clarsc 13 {Lidtility), and assunrcs control of the dcfcrrcc of a claim, suit, aclion or procccrling in acconlance rvith Clausc 13.1.4, thc indcmnified Party shall lnvc t}lc riglrt, but nol thc obligation, to contcsl, dcfcnd and litigalc, with counscl of their orvn 5clcction, any claim, action, suil or procceding by any third parly allcgcd or asscrted against such Party in rcsJrcct of, rcsulling from, relotcd to or arising out of any matter for rvhich it is cntitlcd to be indcmnified hcreundcr, and thc rcasonable cosls arrd cxpcnscs lhcrcof shall bc subject to tlrc indcmnification obligatiors of tlrc indcmnifying l'arly hcrcundcr.
l].2.3 Ncilher thc indemuifying Party nor thc indcmnificd Party shall bc entitlcd to scttlc or compromisc any such claim, action, suil or procccdinE without lhc prior consenl of llrc othec providcrl, howcvcr, lhat allcr agrceing in writing lo indcmnify lhc indcmnilicd Pany, thc in&mnifying Party may, subjcct lo Clause 13.2.4, scltlc or compromise any claim rvithout the appmval of the indemnified Parly- Exccpl rvhcac such conscnt is unrearcnably withhcld, ifa Party sculcs or compromiscs any clairn, aclion, suit or procecding in rerycct ofrvhiclr it would othcnvis€ bc entitled to bc indcmnilicd by thc other Party, rvithout tlrc prior consent ofthc othcr Party, lhc other Party shall bc cicuscrl from any obligation to indernnify llrc Pafly making such scltlcficnl or compromise ir rcspect of such settlemcnt or compromisc.
6 .t.l 13,2,4 following thc ackrnwlcdgcrncnl of lhc indcmnification and the assumplion of thc defcnce by thc in&mnifying Porty pursuanl to Clausc 13.1.4, ths intlcmnilied Parly shall havc thc right to cmploy its orvn counscl and such counsel may participatc in such oction, bul thc fecs and expcnses of suclr counscl shall be at thc cxpcnsc of such indcmnificrl Party, rvhen and os incurrcd, unlcss: (a) the cmploynrcnl of counscl by such indcmnilrcd Party lras bcen aulhorisccl in rvriting by thc indcmnifying Party; (b) thc indcmnilied Pasly shall havc rcasonably concludcrl and spcrifically notifio<t tlrc inrlctnaifying Party th thcrc may be a conllict of intcrcst bctwccn llrc indcrnnifying Parry and thc intlcmnifrcrl Party in lhc conduct of tlE dcfcncc ofsuch action; (") tlrc in&rnnifying Party shall not in fact havc cmploycd indcpendcnt counscl rcasonably satisfactory lo thc indcmnificd Party to assurnc tbc dcfcncc of such action and shall havc bccn so nolilicd by tlrc indcmnifiol Parry: or (d) thc indcrnnificd Pnny shall havc rcasonably concludcd and spocilically notilicd thc indcmnrfying Paay ftat tlrcrc may bc qrccific dcfcnccs availablc ro which crc differcnt from or additional to lhosc availablc to thc irxlcmnifying l'ady or lhal such cloim, aclion, suit or procccding involvcs or could havc a malcrial advcrsc elfcct upn lhc in&mnificrl l'arty hcyond thc scopc of this Agrccmcrt.
l[ Clausc 13.2.4(b), (c) or (d) shall bc applicablc, thor counscl for thc indcmnilicd Party slull havc tlrc right lo direct the dcfcocc of such claim, action, suit or procc=ding on bchalf of thc indcmnilicrl Party ond lhe rcasonablc fces and disburscmcnts ofsuch counscl shall constitulc rcimbursable lcgal or othcr expcnscs hcreundcr.
13.3 SuDrogation Upon paymcnt ofany indcmnilication by a Party pursuanl lo Clousc 13.2 \DcJcuce ofCloins), thc indernnifyng Parry, witlout any furthcr action, shall bc subrogated to any and all claims lhal llrc indcmnilicd Parry may hovc relating thcrcto, and such indcmnificd lrarly sholl al lhe request and cxp€nse of thc iodcmnitying Party coopcrate with thc indqnnifying Party and give at lhc rcqu61 ond expcnsc of thc indemnifying Party such futlhs assurarrces as arc ncccssary or advisablc to enable thc indemnifying Party vigorously to pursuc such claims.
14.
FORCD MAJBURE l4.l Rclicf If cithcr lhc Genemlor or thc Govsrnmcnl is prevcnted, hindcrcd, or dcloycd in its pcrformancc of any of its obligalions pursuant to tlris Agrcemcnt by reason of a 6 4' Forcc Majeurc Evcnl, or, in tlrc casc of thc Gencralor only, a Political Forcc Majcurc Event (thc Pany so prcvcn(cd, hindcrcd or dclaycd bcing ths "lA Alfecled Prrly"),thc IA Affcstcd Pany shall be rclieved from tlrc pcrformancc of such obligations (other (han any obligalion to pay moncy as and rvhcn due) during thc tcriod thnt its pcrformancc is adverscly affcctcd and any performarcc dcadlinc that thc lA Alfectcd Pany is obligcd lo mcel uIxlcr lhis Agrcemcnt shall bc cxtcnded for a pcriod cqual lo thc perirxl that the L\ Aflccled Parlys pcrformance is dclaycd by rcason oflhc Forcc Majcurc Evcnt.
14.2 Exlcnsion ofTcrm 'Ihc Tcrm shall bc cxtcnded by a period cqual to lhe pcriod thal lhc lA Afcclcd Party ishindcrc<l dcloycd or prcvcntctl liom pcrforming its obligalions undcr this AErccmcnt (or.

in tlrc circumslansc rvhcrc, bccausc of its duralion, any such Forcc Majcurc Event rcsultcd in tlrc Ccrcmlor lo bc forccd to dcmobilizc, any such priod2lrrs thc rernobiliz:tion period) as arcsull of a Forcc Majeurc Evcnt.
14.3 Noticc of lbrcc lllajeurc l4.l I Thc lA Afl'cclcrl Itarty slrall givc n<xicc lo thc olhcr Party of lhe rclcv.nt l;orcc Majcurc Evcnt as soon as practicablq but in any event oot latcr thanforty-cight (4E) hours aftcr thc lA Affcctcd Party bccomes alvarc of thc occurrcncc of thc Forcc Majcurc Evcnt(s), and shall kcep thc olher l'arty pmmp(ly inlormcd of malcrial &vclopmenLs in such circumstanccs os they occur, Tlre no(ification shall include dctails of lhc Forcc Majcurc F-'vcnl.
rncluding daails of its effc*t on lhe obligalions of thc lA Alfccted l'arty hcrcundcr (to thu cxteul tlut tlrcsc lnvc bccn asccrlaiucd by lhc dale ofsuclt notification) and any aclion lakelr or proposed to ,nitigatc its cffccl.
t.l.3 2 'lhc IA Affccted Party shall continue to lake any reasonable stcps within its powcr to comply vith this Aglccmcnt ard llrc lA Affcctcrl Party shall usc all rcasonable clforls to mitigale the c{Iects of a Force Majcurc Evcnl, and shall conlinue to pcrform its obligations un&r this AgrE'€mcnl insofar as thcy arc not so offcclcd, pmvided, howevcr, that ncithcr Party shall bc obligirtcd to resolvc any disagrccmcnt rvith third pcrsons.
excepl undcr condilions acccplablc to il or pursuanl to thc linal decision of any arbitral, judicial or statulory agencics lraving jurisdiction lo rcsolvc such disagrc<ment.
14.4 Consultnlion As soon as praclicablc following rc.ceipt of thc notice undcr Clausr- 14.1 (Noticc of Force hlajcnrel, thc relcvant Partiesshall consult with each othcr in go(d faith and usc all rcasonable endcavours to agrccapproprialc terms to mitigate thc cffccr of this Forcc Majanrc Ercnt and facilitate tlrccontinucd performancc of this Agrecmcnt.
Rr) I5- DARLYTERMINATION l5.l Tcrnrinrllon prior lo Finenchl Closlng 15 I I Prior to Finarrial Closing, in the evenl that: (a) Finarrial Closirrg is nol achievcd by thc Financial Closing lrngstop Date, tnd tlurt is duc lo: (b) a breach by thq Govcmmcnt or Govcmmcrt Authority (as applicablc) of its obligalions undcr this Agreemcnl or a Sicra Leonc Documeal to rvhich it is a party alxl which is cffcctivc in accordancc witt its tcms, thc Gcncmlor may lcnninatc lhis Agrecmc lxrsuanl to Clausc 15.5 (Tcrninatiott procednrcl by issuing a Preliminary Tcrminolion Nolicc to lhc Govemrnslrt; (c) (d) a brcach by thc Gcncralor of its obligrtions uxler lhis Agrocment or a Sicrn l-conc Documclt to which il is a IJany and rvhich is cffcclive in acconllrrcc rvith ils lcrrns, thc Govemmurt may fcnninatc this Agrccrnent puIsuanl lo Clausc 15.5 {Terainotiou procalurcl by issuing a I'rcliminary 'Icrminalion Noticc to thc Gcncrator; or an cvclrt or circumslancc which docs not fall wilhin paragraph (c) or (d) of this Clausc l5.l.l, lhcn cither lhc Govcmmc-trl or lhe Gcrrcralor may lenninale this Agrccment pursuanl lo Clauss 15.5 (Tanainattuut pttx'cdure) by is-suing a Prelirninary 'lertninalion Nolicc.
15.2 Terminsllon for Gcncnaor ltrvcnas of Defrult folloning Financial Closlng l;ollorving Financial Closing, caclrof thc followirrg evcnls slull bc an cvcnt of dcfault by thc Gcncrator (cach, a "Gcnerrlor Evcttt of Default") which, if nol curcd rvilhin thc limc pcnnitted (if any), shall givc risc lo lhc ri8hl ot thc Govcmmcnl to tcrminale this ABrccment pursualt lo Clausc 15.5 (Tennination pt ocedurc) by issuing a frcliminary Tcrmination Noticc to tlrc Gcnctator; provided, horvcvcr, that no $ch cvent slroll b€comc a Gcnsator Event of Dcfault if it results stbstantially from (i) an Olliaker Action or lnaclion: (ii) a Govemmcnl Actior or lnaction or a Govcmmenl Evcnt of Default hcreundcr; (iii) o Forcc Majeurc Event; or (iv) any combination thercof: t5.2.1 the occuBcnce ofany malcrial breach by th€ Gcncmtor ofany covenanl or agrccmcnl in this Agreqncnt (othcr than Clausc 8,3 (Restrictiou otr Trarsfer of Shares)) lhat is nol citlrcr fully rcmcdicd or, rvhcrcvcr applicablc, propcrly dcalt with in a rcmcdiation plan to bc sewcd lo the Covcrnment: in both cases within ninety (90) daysof notics from thc Govcrnmcnt to thc Gqncralor identiflng thc brcach in rcasonablc dctail and dirccting thc Gcneralor lo remcdy thc brcach; R"l 45 ti 2.2 thc Gcncralor is in brcach ofClausc 8-!
(Rcslriction on Translcr o!
Shoresl and such breach is not cilher fully rcmulied or, rvhcrcvcr applicable, pmpcrly dcalt wilh iD a rerncdiotion plan lo bc s€n'cd to tlre Govemmeot; in botlr cascsrvithin sixty (60) days (or such longcr pcriod as is orhcnvisc agrccd bclrvccn lbc Parlics) aflcr reccipt by thc Ccncrator of a noticc of dcfault from the Govemmcnt; t5 2.3 thc Gcncralor is subjcct to an lnsolvency Event: and 15.2 4 thc valid lcrminalion of thc Land kasc Agrccmcnl as a conscqucncc of a dcfault by thc Gcncrator undcr thc Land lrasc Agrcemcnt.
15.3 Terminallon for Govcrnnrcnt Evcnts of Dcfoult follorving Finencirl Closing Following Financial Closing cochof thc following cvcn(s shall bc an cvent ol default by the Govcrnmcnl (cach, a "Govcrnmcnt Event of Dcfrult") rvhich, ifnot curcd rvilhin thc timc pcmrittcd (ifany), shall give risc to tlrc righl ofthc Gencrator to tcnDinatc lhis Agrcemcnl pursuant lo Clausc 15.5 (Tcruhution procedure) by issuing a Prcliminary Tctmination Nolicc lo thc Govcrnmcnl; providcd, horvcvcr, that no such cvcnl shall bcconrc a Govcmrnenl Evcnt of Dcfault if it rcsults sub.stantially from (i) a Gcncrator Action or lnaction; (ii) a Gcncralor Evcnl of Delauh hcreurxlcrt (iii) a Forcc Majcura Evcnt; or (v) any conrbination thcrcot 15 .3.1 lhc occulrcnce of any matcrial brcach by thc Govcnrmcnt of a$y covcnant or agrecmcnl in this Agrcctncnt that is not rcmedicd rvithin nincly (90) daysof noticc from tlrc Gcncrator lo lhc Covcmmertt idcntifying lhc brcach in rcasonablc dclail and dirccting tlrc Governnrcnt lo rcmcdy thc brcach; ts l.: o brcach of tlrc Govcmmcnt's undcrtoki[g in Clausc 8.2 Qlcqnisition ol S/rrrres or zl.rscLr); 15 3.3 lhe (rcursncc of an lnvalidity Evcnt rvhich is continuing for a period of nincty (90) days or morc; 15 3.4 thc lcrmination ofthc [:nd Lcase Agrccmenl for a dcfault by tlrc rclevanl Govemmcnt Authority undcr thc [-snd l.casc Agrconcnt; and 15 3.5 thc tcrmination otany Projcct Documeul (othcr than this Agrccmcnt or thc Porvcr Purchasc Agrcerncnt) to which lhe Govcmmcnt or a Covernmenl Autlrority is a party as a brcach by thc Govcmmcnt or lhc rclcvanl Govcrnmcnt Autlrority of its obligalions undcr that Projctt Agrcement.
l5-4 Terminrtion duo lo tcrminllion of thc Porver Purchrsc Agrecmcnt follorving }-lnrncirl Closing Following Financial Closing, each Party shall havc thc right to tcrminate this Agrcemcnt pursttitnt to Clause 15.5 (Tennination procclarc) by issuing a Preliminary Tcrmination Noticc to the other Party upon thc early tcrmination of the Power Purchase Agrc-crncnt in accordarrc with Clause 15 (Early Tbrninatiotr) of thc Powcr Purcbasc Agrccment.
6 15.5'l'crnrinationproccdurc t5 5 I If a Pany (thc "Tcrmhrellng Party") rvishcs to (crminatc this Agrccmcol pursuanl lo and iu accordancc rvith Clauscs l5.l (Tcrninotio Ptior to Fitttncial Cktshtg),15.7 llbruination for Gtnen or Etents of Defiu t lollovittg F'inunciul Closirtg), 15.3 (Tennination lor Govenurcnt Ercnts of Default fttlloving Firanciol Clo.ing) or 15.4 (Ternination duc lo terminulion of thc Poter Purclnse Agrcertre folloti,rg Filnancial Closittg) it shall delivcr a Preliminary 'l'ermination Noticc thc otlrcr Par(y specitlng in reasonablc dctail thc grourds for Ermination and the dalc on rvhich thc Tcrminating Parly proposes to tcrminatc this Agrccurc.nt (rvhich shall not bc carlicr than lilly (50) days aftcr lhe datc of thc Prcliminary Tcrmination Noticc).
15.5 2 A Prclinrirnry 'l'ennination Noticc shall initiatc tlrc Rcmcdy Pcriul.

During thc ltemctly Pcriod, thc Panics slnll consult in good faith rvith a vicw to agrccing whal stcps may lrc lakcn with a vicrv lo rcmcdying arttl rnitigaling llrc conscqucnccs of thc cvent or evcDls cnlilling thc tcrminating Party to dqlivct thc PfEliminary Tcrmination Noticc.

l( !
l( !

1 If ancr lhe cnd of thc Remcdy l'criod, thc cvcnl or cvcnls entitling the lcnlinaling Party lo dclivcr thc Prcliminary 'fcrminalion Noticc havc nol bcen curcd, the Party that dclivered thc Prclirninary Tcnninalir:n Nolicc nlay at any tirnc &livcr a funhcr noticc to lhe olher Parly lcmlinating this Agrcoucnl (lhc "IA 'l'ernrlnnlion Nolice") lcnnioating lltis Agrccrncnl with irn[ledialc elfcct subjcct lo ('lausc 15.9 (Obligttiot Upou Ter inotittn).
15.6 No(lcc to l-inancc Parlics ofGcncralor's Dcfault Anyhing in this Agrccment nolrvilhslanding, thc Govenrmant shall not scck to lcrminale this Agrccmctll as a rcsull of any default of lhc Gencrator rvilhout lirst giving a copy of any noticcs rcquirc{ to hc Bi\cn lo lhc Ocneralor undcr Clausc 15.5 (Tern mtiott proculnrc\ lo llrc Financc l'lrtics.
15.7 0thcr Rcmedics 1lrc cxcncise of thc rigl of a Party to lcnninale this Agrcctncnl, as providcd hcrcin, docs nol prccludc such Party from cxercising othcr remcdies that arc providcd lrcrcin or are availablc at law.
15.8 Dclibcratc Dcfoult or Political Force Majcurc Dvcnt Thc Govcmmenl shall not be entillcrl to cxcrcisc its righls to tcminalc lhis Agrc.emcnt pursuant to lhis Clausc 15 (Early Termi,lrlttion) following a Force Majcurc Evcnt, a Ocncrator Evcnt o[ Dcfauh, an Olllakcr Evenl of Defauh or a Govcmment Event of Dcfault if the Genctator can dcmonstrdtc that such cvent rvas instigated by ttrc Oovcmment pri[Erily so as to procurc such purchasc.

6 a!
15.9 Ohligrlion Upon Tcrmlnatlon Upon thc cxpimtion or carlier tcmrinalion of this ABrecmcnl, thc Partics shall havc no lurlher obligaaions or liabililics hcrcundct cxccpt for obligations or liabilities tlmt amsc prior lo or arise upon such cxpimtion or lcrmination and obligations or liabilitics that exprcssly survivc such cxpiration or tcmrination pursuanl to this Agrccnclrt, pmvidcd, holcvcr, tllat notrvithslsnding anything to lhe conlrary in llris Agrccmcnt, thc rights and obligations scl oul in Clauscs 'l (Definilions mul h crprek ion'), l5-l0 (Pt'c-Finuciul Ckxing Coupcnsorion), l5.l l (Buy-Out\, l$Rcsohtion of Disputcs'1,|1 (lfairer o[ &tvercign Innnniry\, l8 (lulisccllancous) and any olhcr relcvant Clauscs and lhe Schcdulcs to this Agrc-emsnt refencd to in such Clauscs shall survivc such tcrrnination or cxpiration until all provisions arc fullillcd and all funds payablc hcrcundcr by tlrc Govcmment to thc Generalor, lhc Slrarcholdcr or the Finansc I'artics arc so paid, irrcluding rvithout linritation.
thc paymcnl ofthc Purchasc Pricc or thc Developmcnl Pricc (as applicablc).
15. l0 Pro'Financlal Closing Compcnsation Subjcct to ccrtification of viability ol'thc Projccl by a rcptablc lndcperrLnt Finn agrcul by thc I'ar(ics, upon thc carly (crnrinalion of this Agrccm€nt pursuant to Clausc l5.l (Tcrminotion Prhn to Finqnciol Closing): 15.lo I lhc Goveflmcnt may slcct lo py lhc Dcvclopnrent Pricc in accordancc wilh prragraph 1.4 of Schcdule 4 (ferninotkn Pior n Finotcittl Chsittgl and/or lhc Gcncrator may rcrguirc tlrc Govcmmcnl to pay thc Clrrv Back Cosls in accontarEc rvith Schcdulc 4 (Tcrminaliut Prior to Financiol C/crstrg); and ls to2 providcd that Ratilicalion has occurrctl in acconlancc rvith thc terms of this Agrccmcnl, follorving the detivcry ofan lA Termination Noticc pursuonl to Clausc 15.6 (Tcnnitulion pruceinrc), lltc Gcncrator ntay rcquirc tlrc Govcmmenl to poy lhe Dcvelopmc{l Pricc in mcordancc with Schcdulc 4 (Tcrnimttion Prior to Finoncid Clo.sittgl.
l5.ll Buy-Out Upon lhe early lemination of this Agrcemcnt by: !

5 I L I lhc Govemmcnt pursuant to Clausc 15.2 (Termirution for Generalor Evcnls of tufaultl; 15.

I I 2 lhc Gcncrator pursuant lo Clsuse 15.3 (Ternination Jor Goveramen!
Evenls of Dcjn t): or 15 ll3 cilhcr Party pursuanl lo Clausc l5.l (Tcrnination due h temthwtion of the Pover Puch ase Agrec na, r); and following lhe d€livery of th€ tA Terminalion Nolicc pursuant to Clousc 15.5 lTenninalhn Procc ure), the Covcrnmcnl" the Gcncralor or the Slurcholder (as 6 4t applicable) may rcquirc thc Govcmmcttt Io pay the Purchasc Pricc in accordancc rvith tlrc tcnns sc( out in Schedulc 5 ( Trun.rfcr on Ternrinatiou).

16.

IIESOLUTION OF DISPUTES l6.


t Resohrlion by Consr tllion 16.l I In tlrc cvcnt that lhcre ariscs bctrvc=n lhc l,arlics any Dispute, any Party rvishing to dcclare a Disputc to any olhcr Party to this Agrcemcnt shall do so by a lvritter roticc stating lhc issrcs(s) in dispute ("Nollcc of Dlsputc").
t6 I 2 Within l$cnty (20) Business Dnys from dclivcry of a Notice of Disputc, the pa(ies lo tlrc Dispute shall at(empt in good laith to scttle lhc Disputc by ncgoliations anroog llrc aulhoriscd rcprcsentativcs of each party to lhc Disputc, rvhich slull ircludc at lcast onc Senior Excrutivc on bchalf of c6ch party lo thc Dispule.

A "Scnior Execulivc' mcans any individual who has authority to negotiatc and conclude a binding scltlcrncnl ofthc Dispurc on bchalfof tlmt l'arty.
t(r.tl ln thc cvcnt that thc Disputc cannol bc settlcd by the aulhoriscd r€?rqscntativcs of llrc parties (o lhat Dispulc wilhin twcnty (20) Busincss Days or such longer lrriod as thc Partics may a8rcc in writing.

lhcn any Party shall bc cnlitlcd to rcfer l|rc Dispute to be rcsolved: (a) in accordarrcc wilh Clausc 16.2 (Expcrt Dctcrrrtittetion) if it is a Tcchnical Dispulc; or (b) Clause 16.3 (Dispute Rcsohtio,, lry .lrbiffatio,t) if il is nol a Technical Disputc.
16.2 ErpcrtDclcrnrlnrlion t6 2.t ln thc eve[t lllal thc partics to a Technical Disputc arc unablc to rcsolvc that Technical Dispute in accorrl,ancc rvilh Clausc 16.l (Rcsolutiou hy Consultatiou\ thcn such Tcchnical Dispule shall bc refencd lo ard linslly rcsolved by an cxpcrl in mcordance with this Clausc 16.2 (Erperr Dctcrn inori/,n).

16 2 2 The cxpert shall havc cxpcrtise in thc arca lo whtch .such Tcchnical Dispute rclates ard shall nol bc on agcnl, cmplolrce, or contractor or a formcr agcnl.
cmployc.c or ccnlraclor ofany Party.

l(r23 flrc Party initiating submission of tlrc Tcclmicol Disputc (lhe "lniliatlng Prrty") to thc cxpcrt shall provitlc tlrc othcr party or partics to tltc Tcchnical Dispute (in eithsr casc, tltc "Rosponditrg Perty") rvith a writtcn noticc slating that il is submitting tlrc Technical Disputc lo an expcrl and nominating thc pctson il proposes lo be thc expett.

6 .t9 162.4 'l'he Responding Pany shall.


rvilhin scveu (7) days of tlrc datc it reccivcs such rvritten noticc submitling the Tcclmical Dispute to an cxpcrt, nolify thc Iniliating Party vhcthcr lhc cxpcrt proposcd by thc lnitiating Parry is acccplablc.
Itthe Rcsponding Paay fails to rcspond or nolifics thc Initiating Party that thc Irrson is lrot acceplablc, thc lniliating Party lnd thc in good faith rvithin a pcriod often l(csponding Parry shall mcct and dis€uss (10) rlays to agrec upon and oppoint a person lo be lhe cxpcrt.
I[ thc lnitiatiog Parly ord thc Rcsponding Party arc unablc to mcct and/or so agrec, cither thc lnitiating Party or thc Rcsponding Party may apply in writing to lhe LCIA to appoinl an expcd lo dctcrminc the Tcchnical Disputc (lhc "Applicrtion"), cnclosing a copy of this Agrccmcnl and a bricf stalcmcnt dcscribirrg thc nalurc and circumslance of thc dispute and sctting out any mallcrs lllst tlle party making thc Application rvishes to bring to tlre altenlior o[ lhc LCIA for thc purposcs of selecting the cxpcrt, with simuhancous copy to tlrc othcr partics to thc Tcchnical Disputc.
Wilhin scvcn (7) days of scrvicc of tlrc Application, thc dhcr portics to thc Tcchnical Disputc shall scnd lo thc LCIA, witlr simullansous copy to thc lnitiating Party, a rcply lo any motters raiscd by the lnitiating Party in tlrc Application (thc "Reply").

Thc LCIA shall appoinl thc cxpcrt rvithin a pcriod of not lalcr than fourlccn (14) days from lhc dntc of srch Application.
16.2.5 Tlrc lnitiating Pafly shall rvithin thirty (30) days of thc appointmcnt of thc cxpcrt submit to both lhc crpcrt and tlrc Rcsponding Party at thc addrcss hr Clause l8.l (/V.
'rrccs) w.illcn malcrials sclting forth: (a) (b) (") a dcscriplion oflhc lcchnical Disputc; a slatcmcnt ofthe lnitiating Party's position; and copics of documolts supporting dtc Initiating Pattys posilion 16.2 6 Within thirty (30) days of thc dalc that lhs lniliating I'arty has submitted thc malcrials .hscribed in Clause 16.2 (Exprt Detcrnitationl, thc Responding I'arty mry submit to lhc cxfrcrt anrl thc Initiating Pafly at the addrcss in Clausc I E.l lNoticer): (a) u dcrription oflhe Tcchnical Dispule; (b) a stalcmcnl oftlrc Rcsponding Patty's position, and (c) copics of any documcnts supporlinB thc Responding Pa )r's position.
16.2 7 ln addition to fic rnstcrial provided to the expcrt by thc Inili0ling Pany, thc cxpert shall consirhr any such information submittcd by the Rcsponding Parly pursuanl lo Clausc 16.2.6 and, in the expert's discrelion, any addilional information submitted by cither party to thc Technical Disputc at a later datc.

Any materials submitted by a party to thc Tcchnical Disputc to 6 lhc cxpcn shall trc simultrncously submiltcd by such party to all otlrcr partics to thc Tccllrical Disputc.
t('.2.8 Thc expcn shall bc cnlitlcd to appoina legal or other adviscrs itl in rlrc cxpert's discrction, l|rc crpcrt considers it appropriatc lo do so.

16.2.9 Subjccl to thc mattem addresed in this Clausc 16.2, thc cxpert shall bc cnlillcd to dctemtinc thc procedurc to be follorvcd in arriving al a dctcnnination, t6.2 lo Thc ExFrl Dc-lcrminalion proccss slull not bc an adritration, and the expcrt will acl as an cxpcrt nol as an arbitralor.
16.2-ll l'hc lr.rtics to thc Tcchnical Disputc shall conlinuc to prform their conlfttctual obligalions Dolrvithstanding thc eristencc of the Expen Dclcrminalion process.
16212 As soon as rcasonably prac{icablc, and in any cvcnt not latcr than nincty (90) days fmm thc datc of his or hcr appoinlmcnt, thc cxpcrt shall issuc l s or hcr delennination in rvriling lo llrc parlic.s to thc'lcchnical Disputc and thc cxpcrt's dctermirntion shall contain a slatcmcnt of rcasons in such form as tllc cxpcrt considcrs rcasonably appropriatc, having rcBard lo lhe amount and complcxity of thc Tcchnical Disputc.
l(r2ll Unlcss: (a) othcnvisc agrced in rvritiog by thc partics lo lhc'lcchnical Disputc; or (b) in thc cvcnl ofmanilcst crmr or fraud: lhc dctcmrination by thc cxlrcrl shall bc final and binding on thc Partics.

l('2t,1 All costs incuned hy thc expcrt, any lcgal or adviscrs cngagcd by thc cxpcrf and the LCIA shall bc bonrc by the partics to thc 'I cchnical Dispulc in equal sharcs, unlcss thc crpcrt in his or her discrction decirlcs otlrcnvise.
Each party to thc'lcchnical Disputc shall bcar its orvn cosls of pdrticipaling in thc experl dclcrmination proccsq unlcss llrc crpcrl in his or hcr discrclion dccides othcrwisc.

t62.t5 Thc placc of thc Expcrt Dctcrmination shall bc London, Unitcrl Kingdom.

16.2.16 The languagc of tllc Expcrt Dctcrmination shall bc English.

16l 17 If thc expcrl bccomes unwillilg or ircapablc of acting or des nol.
delivcr thc detcrminalion within the limc required by Clausc 16.2, lhen: (a) thc parties to the Tochnical Dispulc mcy agroe lo dischargc thc cxpcrt and lakc srcps to appoint a rcplacement expert and 6 5r (b) this Clawe 16.2 shall apply to thc rcplaccmcnl cxpen as if he or she rvcrc lirsl appoinled.
16.3 Dispute Rcsolulion by Arbilration 16I I ln tlre cvcnt lllat thc partics to any non-Technical Dispute arc unable lo rcsolvc such non-Tcclmical Dispulc in .tccordancc rvith Clausc 16.l (Resolution by Consultation), llrcn auy parly to such a non-Tcchnical Disputc rvill bc cntitlcd lo rcfcr such Dispute to arbitmtion rvith this Clausc 16.3 (Dispnrc Resolution lry Arbitrution) by rvay o[ notice in rvriting on all othcr porties lo such Dispulc (the "Noticc of Arbitretlon").
16.3.2 Tlrc conscnl Bivcn in this Clause 16.3 (Dispntc Rcsolutiott by ltrbitrutio,al shall bc considcrcd to satisfy llrc requircmcnl for (a) "conseul irr writing" of thc parlics to a dispulc for thc purposes of Articlc 25 oflhc ICSID Convcntion; and (b) an "aElrccnrcnt in rvriting" for tlrc prrposes of Anicls ll of thc Ncrv l'ork Convcntion.

t6t3 Non-'fouhnical Dispulc slrall bc rcferrcd to arbitralion pursuant to, and finally scttlcd undcr.
thc LCIA Rules rvhich Rulcs shall be dccmcd incorporatcrl by rcfcrcncc into this Clause l6.3.3savc as cxprcssly atncndul hcrcin and thc Partics furlhcr agrc.e that: (c) 'l hc nurnbcr olarbitrators shall bc thrcc; (a) (b) 'I he claimant (or claimanl partics joirtly) shall nomina(c onc arbilrator and thc rcspordcnt (or rEspondctt parries jointly) shall nonrinatc onc arbitralor for cppoinlment by thc LCIA Court; If thc claimant or claimant parlics and/or tltc respondcnt or respondcnl parlies tail (o nominalc an arbitralo, lvilhin thirty (10) days of rcceiving a noticc of the arbitrator choscn by thc parlics ou thc othcr sidq an arbitrator shall bc appointed on thcir bchalf by thc LCIA Coua in accordance wilh lhe Rulcs- ln such circumstanccs, any exisling nominslion or conlinnalion o[ thc arbitrolo] choscn by thc panies on the olhcr side of the proposcd arbitration slull bc unaffcctcd, and lhc rcmaining arbitrato4s) shall bc alpointcd in accondance wilh tlrc LCIA Rules; (d) If lhc trvo party nominated arbitrators fail to agree upon a third arbilraior within thirty (30) days of thc nomination of the sccond arbilmtor, thc third arbitrator slrall bc appointcd by lhc LCIA Coun at lllc writtcn requesl o[eithcr party to the non-Tcchnical Dispute; {, (c) (0 The scat or lcgal place ol tlrc arbitratiou s$all bc [,ondon, United Kingdom.
11rc languagc of thc arbitration procccdings shall bc English; By agrcring lo arbitration in accordancc rvith this Clausc l6-3.3, thc padics to any srch non-Tcchnical Disputc do not intcnd to dcprivc any compclqrt coud of its jurisdiction to issue a pre-arbitml injunctiorl prc-arbilral atlachmcnl or othcr ordcr in aid of tlrc arbilration proccedings, or thc recognition and/or enforcement of any arvard andior lo enforcc the obligalions of lhc olhcr Parlics or an nrhilral srvanl madc pursuant lo arbitration proccedings brought undcr this Agrcernor!
and (U) Thc award of thc arbitnrl lribunal shall be final and binding on llrc partics lo such non-Tcchnicol Dispute from thc dalc it is madc.

Thc partics lo such non-Tcchnical Disputc undcrtakc to carry out any arvard immcdialcly and rvilhoul any dcloy; and waivc irrcvocably thcir right to any form of oppcal or rcview ofthc award by any stalc court of dhcr judicial authority.

insolar as such rvaivcr moy bc validly nradc.


Judgerneat on thc award of thc arbitral tibunal may bc cnlcrcd and enforccd by any court of compclcnt jurisdiclion.
16.4 Consolidation t6.4 I for thc purposcs of lhis Clausc 16.4 (Ansolidttit,l), lhc follorving tcrms shall havc tlrc following mcanings givc'n lo Ihcm bclorv: "Existing Dlsputc" rncans any Dispute or a Rclated Agrccrncr Disputc ht respcct of rvhich a Rcqucst for Arbitralion has alrcady becn filcd bcforc a Rcqucst for Arbilralion is liled in rclation to a Latcr Dispule.
"Rchted Agrccmcnt Dispule't meam any disputc, claim or dtffcrcnce including any qucstion regarding its exislearce, validity, intcrprclation or tcnnination arising out of or in conneclion wilh a lklatcd Agrccmerrl and any dispule rclating to any noo-conlractral obligations arising out of or in conncc(ion wilh lhat Relatcd Agrecmcnt.

"Rchtcrl Atrecmcnt" rncans each of tlrc Sicrra lrtrnc Documcnls olher than this Agrecment.
"Lalcr Disputerr mcans any Dispute or a Relalcd Agrccrncnl Disputc in rcspc{l of which a Rcqucst for Arbitration is filcrl afler a Rcqucsl for Arbitntion has bccn filctl in rcspcct ofan Existing Disputc.

"Consolidetlon Ordcr" me.

:ns an onlcr by an arbitral tribunal that an Existing Disputc and a l-ater Dispute (or Latcr Disputcs) bc resolvcd in thc sarnc sel of arbitralion procccdirgs.
h) rl 164.2 In rclation to any arbitralion procccditrgs undcr this Agrccmcnr (whcthcr under thc ICSID Convcntron or thc LCIA Rulcs), any lrsny that is o porry lo both an Exisling Dispute and a Latcr Dispure (or Latcr Disputcs) may apply 10 thc arbilrJl tribunal appointed in thc Existing Dispute for a Consolidation Onler iu relalion lo any Later Dispule(s), providcd that such application is rnodc wilhin sixty (60) daysof tlrc Requcst for Arbitration in ,especl ofsuclr htcr Dispul(s) is filcrl rvith ICSID or thc LCIA.
Ilmt party must also send such applicrtion to all parties to both the Existing Dispute and thc Latcr Disputcls).
16..r.3 Thc arbitml tribunal appointcd in rclalion to lhc Existing Disputc may, lraving rcgard to tlr stagc of thc pmcccdings arising out of tlrc Existing Disputc, and ifit considcrs thal (a) tlrcrc arc issucs of fact or law comnron lo both llrc Existing Dispulc ond any latcr Disputc{s) such thal consolidation of both scts of procccdings is in thc inlcrcsls ofjusticc and cfficicncy and (b) such consolidation rvould be just and equilablc and no Party rvould bc seriously prcjudiccd as a rcsuh o[ any such consolidalion (wlrcthcr by rcason of unduc tlclay or olherwisc), makc a Consolidation Gdcr on hcaring such application.
16.4.4 If thc arbilral tribunal in thc Existing Disputc makes a Consolidation Ordcr, il rvill hnmcdiatcly, lo the cxclusion of otlrcr arbitnl tribunals, havc jurixliction to also rcsolvc linally the l-0(cr Dispute(s).
In thc evcnl ol' dillcrent rulings on lhc qusstion of consolidation by thc orbitral tribunal in tllc ExislinB Disprtc and thc Lalcr Disputc{s), the nrling of thc orbilral tribunal in thc Existing Dispute slurll prevail fllc Partics lo this Agrecrncnt agroc tllal they will conscnt, aod not objcct, to any such Consolidatiou Ordcr and that thcy rvill be bound by any such Consolidation Ordcr and an; subscqucnl ordsrs and arvards issucd in such circuntslances (evcn if tlrcy subscqucntly choosc nol lo p.lrticipatc in lhc procccdings).
1645 Nolicc of thc Consolidation Ordcr must bc givco lo any arbilralors alrcady aptpintcd in rclation lo tlrc later Disputc(s) and thc appointing authority tn such Latcr Disputc(s).

Any appoinlmcnl of an arbilralor in rclation to lhc l.atcr Dispulc(s) bcforc thc dalc of thc Consolidation Ordcr rvill lerminotc immcdi tcly and the 0rbitrato(s) will bc dccmcd lo be dischargcd frorn his / her dulics.
This termination is without prcjudicc 1o tlrc validity of any act done or order madc by thal arbilralo(s) or by any courl i[ supporl of that arbitration beforc that arbitralofs appoint ncnt is tcrminated; his or hcr c.tillc{r*nt to bc poid pmpcr fces and disburscmcnts: and ftc datc rvhen any claim or dcfcnce rvas raised for (he purposc of applying any limilation bar or any sinrilar rulc or provision.
16.5 Conlidcntiolity In relation to any arbilration proccedings undcr this Agrccmcnt (whetltcr undcr the ICSID Convcntion or thc LCIA Rules), thc l'arties underlake to kecp conlidential all awards and ordcrs in ony arbitration, togelher rvtth all matcrials in lhc 6 procstdings crcatcd for lhc purposc of lhe arbitratiu nnd all othcr documcnts produced by anothcr party in thc procccdings not othcrwisc in thc public domain savc ond lo tlrc cxtcnl tlrat disclosurc nray bc rcquircd ofa party by legal duty, to prolccl or pursue a lcgat right or lo cnforcc or clrallengc an arvard in bona lidc lcgal procecdings bclorc a galc courl or otherjudicial aulhorily.
17 VAI}'ER OF SOVEREIGN IMIVIUNITY l7.l Waivcr }y lhc Govcrnnrcnt Tlrc Goycrnmcnl uncorxlitionally and irrcvocably agrecs that thc cxccution, dclivcry and pcrformancc by it of this Agreerncnt constitulcs a privatc and commcrcial oct. ln addition, lhc Governrnent urrconditionally and irrcvocably: l7.l t agrccs that should any procec<lings (including any arbitration pmcccdings) trc brouglrt aBainst it (or any CovcnuncDt Authority) or i(s assc(s (or lhc asscls of ony Govcrnmcnt Autlrority) in any jurisdiction in rclalion to lhis Agrccmcnt or any trdnsaction conlemplalcd by this Agrcemcnl, no tnrnunily from such proccrdings shall bc clairrcd by or on behalf ol itsclf (or such Govcmrncnt A$thorily) or rvillr rcspccl to ils asscts (olhcr than thc Protcrtcd Asscts); t?.t2 rvaivcs any right of imnrunity whbh it (or aDy Govcmmcnl Authority) or any of its (or any Govcnrmcnt Authorit/s) asscts tolhcr lhan thc Protcctcd Asscts) norv has or may acquirc in thc future whellEr cJR]aclcriscd as sovcrcign imnrunity or othcrwisc in any jurixliclion in conncclion wi(h atty such procccdings includrng rvitlmul limilalion, irnmunity fronr scrvicc of pnrccss, immunily frorn jurisrtiction or judgrncnt of any courl of lribunal aftl inlmunity from cxccution ofajudgrncn(; 17. t.3 rvaivcs any rcquircmcnl under the State Ptocecdings Acl, 2000 for a Party lo givc prior nolicc bcforc commcncing procccdings against lhc Govemmcnt (or any Govcmmcnl Aulhorily); and t7.r.4 conscnts gcncrally in rcspect of the cnforccmcnt of any judgcmcnl or artitral arvard againsl il (or any Govcmmcnt Authority) in any such proccedings in any jurisdiction lo th€ Biving ofany rclicfor the issuc of any process in connection rvith such procccdinEs (including thc making, enfosEcmcnl or erccution againsl or in rcspcct of any lsscts whalsoevcr (other thfln dle Proteclcd Asscts) irrcspc€tive of ils usc or inlendcd usc).
17.2 Waivcr by lhe Gcncrelor Thc Ccncntor hercby inevocably rvaives any and all righb it may havc to cnforcc any judgemant or claim againsl the Prolected Assels rvilh rcspect lo any claim agrins( lhe Govcnuncnt or any Govemment Aulhority or tlrc OfRakcr under lhis Agrcemcr or any transaction conlcrnplated by this Atsrc€ment.

ft) 5t 18.
MISCEI.LANEOUS I S.l Nolices 18.t.l All noticcs or olher communications to a Parly shall bc: (a) in rvriting; (b) sc.nt to all of lhc Paaics unlcss 0ris Agrcerncnt provides otlrcrwisc; (c) addrcsscd for the atteotion of thc follorving pcrsons anrl scnt to thc following oddress (or srch persons, addrcss as each Pany may frorn timc to lhrc nolify lo drc o0rcr Partics): lhc Govcnulcnl: The l'ermarcnt Sccruary Ministry of Encrgy 6tlt noor Elcclricily llousc 36 Siaka Stcvcns Strcct Frcclown Sicna l-corrc Tclclhonc: Facsimih: Atln: Ard Thc Financial Sarctary Thc Ministry of Finarrc Gcorge Strcet Ftpclown Sicrra bonc Telcphone: Facsimilc: Altn: r[.]
t [.]

Pcrmancnl Sccrclary 1[.1 +[.1 Fimncial Sccretary 6 IiDSA 'l1tc Dircctor Ccncral 4'h Flqq,r Electricitv I lousc 36 Siaka Stcvcns Slrcct, Frcclown Sicrra Lconc Telcphonc: Facsimilc: Attn: I'hc Gcncrator: Nokorko Rcsourccs (SL) Lld 22 Siaka Slcvcns Strccl Frcclorvn Sicrra Lconc +[.]

+ [.]

'l'lrc Dircctor Gcncral Telqhonc: Facsimih: Arln: +[.]

+[.]

[.]
+[.]

[.]

ts.t.2 n noticc shall bc dcsncd lo have bc<n rcccirred by a Party (a) ifscnt by ordinary pGsl, on rcc€ipt at ths cuncflt addrcss rcfcrrc<l to in Clause l8.l.l (/Varices); or (b) if dclivcrcd by hand or scnt by regislcred posl or inlemarionally rccogniscd courier sewicg on delivcry at thc cunent address rclcrrcd lo in Clausc l8.l.l (tVolrccs).
(c) If a Parly does nol notify the other Parlies of a change to its dclails for sqrvice o[ noticcs in a thnely manncr, notices shall bc dccmcd to lmve bcen received lrvo (2) days aller being sent lo thc last cunent details rcfcned lo in Clausc l8.l.l (Notice.t'1.

$D (d) (c) Any nolicc givcn in conncclion rvith this Agrccmcnt must bc in Englislr.

Any matctial accornpanying a noticc, if not in Englislr, rnust bc accomptnicd by an English translalion.
ccrtificd by rc scndcr as accuralc, rvlrich llnglish translation shall prcvail ovcr the original documcnt unlcss that documcnt is a constitulional.

slatulory or otlrct ollicial document.

I 8.2 Cholcc of Lnrv This Agrccmcnt and any Disputc or Claim arising out of or in conrc{lion rvith il or its subjcct nraltcr or formation (including non-contraclual disputcs or claims) sholl bc governcd by and conslruc<l in acconhnce wilh thc laws of England and Walcs.
l8.l No'fhird Partics This Agrccment is intendcd solely for thc bercfil of thc Partics and nothing in this Agrccnrcnl shall bc conslrucd to create any duly to, standard ofcarc rvith rcferencc to, or any liability to, or confcr any riBlrt ofsuil or action on any Pcrson nol a Party to lhis Agrccmcul and a pcrson rvho is nol a party to this Agrcemcnt has no right undcr lhc Conlracls {Right.r of Thinl Poties) hct 1999 to cnforcc or enjoy lhe bcnclit ofany of its terms.
18.4 Enlirc Agrccmont r84l Each of thc Parlies confimrs llnt lhis ngrccmcnt rcprcsenls lhc entirc undcrslanding arrd conslilutcs thc c[tirc agrccmcttl bctwccn thc l'arliqs wilh rcspecl lo its subjcct matlcr, all previous oral or rvritten undcrslandings, proposals, ncgotiations, aErccmenls, colnmilmcnts antl rcprcscnlations arc supcrscdcd by this Agrconcnt.

18 4 !
18 4 !

lhc Partics acknorvlcdgc lhat, in cntcring into lhis Agrccmcnt, lhcy havc not rclicd upon any rqprcsentation othcr $an thosc cxprcssly set out in this AgrccmcDl.
rs.41 A Parly shall havc no liability lo any olhcr Party wilh rcsl,cct to any rcpresenlation llral is not cxpressly set out in this Agrccmc - 18.5 Currcncy rnd sct olf All amounts and paymcnls duc undcr this Agrccrncnt (irrluding thc payrncnl of a Purclrasc Pricc or tlrc Dcvclopmcnt Pricc) shall bc madc in Dollars and Ncw Lconcs and slrall bc paid in full withoul any sc{-otl counlcrclaim, deduclion or rvithholding (other tban any detluction or rvillrholding of tax as rcquired by law).
18.6 FurlhcrAssurrnccs The Partics shall do all funher acts and execule and dclivcr all furlher documcnts as may bc rcasonably requiral to perform and carry out lhls Agrocm€nt.

q{ JII 18.7 Arncndmcnls To thc citcDa tlut no olhcr form is rcquircd by applicoblc law, an amendrrcnt to this Agrccmcnt shall not bc cflcctivc unlcss it is in wrilrng and signcd by all of tlrc Partics.
18.8 Bxpcnrcs Erccpt as otbcrwisc providcd in lhis Agrectrcnt, eaclr Party shall pay its own costs and cxpcnscs ofcxctutinB and pcrforming this Agrcerncnt.

l8-9 AssiBnmeot !
l8-9 AssiBnmeot !

!rd Novrlion 18.9.1 Subject to Clausc 18.9.2 (lssignnat atul Novotion), no Party shall assigll or otlrcnvisc transfcr iu rights or obligations undcr this Agreemcnt; providul tlrat, nolrvithslanding any other provision of this Agrscment, thq Gencrator may grant thc l;inancc Parties ccrloin righs hcrcundcr in accordancc wilh Clausc 3.6 of this Agrccnrcnt.
18.9.2 Thc Gcncrator may, prior to l.'inancial Closing, novate this Agrecmcnt lo anolhe, company cstablishcd undcr thc larvs of Sicrra Lconc and cstablishcd lor thc solc purposc ofdcveloping thc Pmjc-r.t (and which company hokls or rvill hold thc Conscnls rrcccssary to undcflnkc tlrc Itroject) providcd it has obtaincd tlrs Govcmmcnl's prior wriltcn conscnt (such conscBt not to bc unrcasonably witlrlrcld or delayed).
18,93 Any purportcd assignmcnl or olhcr transfcr by a Party of its rights or obligations undcr lhis Agrccmcnt tlrat docs not comply with llis Clsusc shall bc null, voitl and of no lorcc or cflbcl to thc tnaxiDutn crlcttt pcnnitterl by larv.

18.10 Wnlvcr.s l8.lo.l A l'arly may waivc its rights under this Agrc.curent at any titnc but suclr a if it is givcn waivcr shall, lo thc crls,rrl pcnnitlcd by law, only bc efc€livs in rvriling.
lll.lo.2 A failurc or delay by a Party to rcquirc pcrfonnarcc by anotlrcr I'arty of any obligalion undcr this Agrccmcnl shall not, to lhc cxtcnt pcrmitted by law, affcct thc first l'arty's right to rcquire pcrformancc unlcss a waiver has bcen grvcn in accordancc with Clausc | 8.10.I ( ll'aiyens).

ll lol A waivcr undcr Clause l8.l0.l (lfairerc) shall be lirnilcd to the matten cxprcssly scl out in rvnting and shall not bg conslrucd as a rvaiver o[ thc samc righl on any futurc occasion.
l8.l I Conlidcnrirlity and publicity 18 ll I Exccpt as providcd in Clause l8.ll.2 {Conlicle ttinlity ond pnblicityl, each Party shsll hold and shall procure thnt its o[ficers, cntployees, consultants, 6 sharcholtlcts, amli:r(cs, and contractors hold in strict confidencc and not by failurc to cxercise duc carc or olhcrwise by any acl or omission from any othcr I:crson whatsocvcr all documcnts and information conccming llrc l'rojcct, lIrc olhcr I'arlics and lhc ollrcr Parlics' amliatcs, consultants aud conlractors provided to it by any of lhosc pcrsons in conncction with this ngrccxrclrt.
l8.l1.2 Clausc l8.l l.l disclosure: (a) madc: (Cottlilatialit), anl pnhlicitvl shall not apply to any (t) (ii) rvilh llrc prior rvrittcn conscnl of the othcr Partics (such conscnl rol lo bc unreasonably rvilhlrcld or dolaycd); in conncction rvilh any judicial, arbitral or arlministntivc prDccss, Expcrt Detcmrinalion undcr lhis Agrcenrerrt or by thc rcquircmcnts of any applicabh hrv, any govcmmental body or rcgulalor having jurisdiction ovcr suclr Party or its amliatcs or thc rulcs of any stock cxchange; (iii) to pcrsons providing or prqrcsing or bcing invitcd to providc financing to thc disclosing I'arty and rvhish undcrtakc to bc bound by confi<lcntiality obliga(ions cquivalcnt to this ClauscI 8.I0-I (Coufitlenrialiry aw| puhlicitt); (iu) lo p(Tsons prolrcsing or bciug rnvited to acquirc an crguily siake in lhe disclosing Party and which un.lcrtakc lo bc bound by confidcnlialily obligalions equivalcnl to lhis Clausc 1 8.
1 0.
I (Conlidc t i o l i n, o tut pu hl ic i l.t ); (v) to advisors, contractors or subconlraclors ofa Paiy or any ol' lhc frcrsons rcfened to in Clauses l8.l | .2(aXiii) and l8.ll.2(aXiv) who rcasonably rcquirc such documcnls or irrformalion iu connc\ction rvilh tlrcir duties and rvho undcrtake to bc bountl by confidcntiality obligations cquivalcnt lo lhis Clausc l8.l0.l (Confilcntiulitv uml t t,lrlici6'ti or (vi) to any a(filialc of a I'arty u,hich reasonably nccds to n:ceive such information and who undcrtskcs to bc bound by conlidcntialily obligatrons cquivalcnt to this Clause l8.l0.l (Cottlidcnrial iU atnl pnbl icitl); or (b) ofdocurncnls or information rvhich rverc: (D alrcady known to the Psny rcceiving the dtrumcrrts or information; 6 (ii) olrcady in the public dounin or subscqucntly come inlo thc public domain through no fault ofthe rcceiving I'arty; (iiD lalcr acquircd by a Pany from anotlrcr sourcc in a non- conlidcntial nmnncr ollrcnvisc than in brcach of a conlidentiality obligation.
18 I I 3 No Party shall issuc any press rclcmc, makc any ollrer public announccmcnt or publish any documcnts or infonnalion on a wcbsilc rclalirg lo this Agrconcnl rvithout the prior writlcn comcnt of [rc olher Partics (such approval not to be unreasonably withlrld or dclcycd) as to the conlcnls and manncr ofprcscntalion and publicalion ofsuch prcss rclease, announcemcnl or publication, unl6s rcquircd by applicable law or thc rulcs of any slock exchange or rcguircd in lhc course ofany judicial, administrativc or arbitral proccedings.
18.12 Coirnterparts Thc Parlies may cxccute lhis Atsrc-cmcnt in counlcrparls, rvhich shall constitulc onc irslrumcnl nnd c"1ch of rvhich shall bc decrncd lo bc an original.

18.13 Prrtlal lnvalidity l8 l1 I lfany provision or part-pmvision of this Agrccrncnt is or bcconrcs invalid, illcgal or urrcnforccable, il shall bc dccrncd mfilitiql lo thc ntinimurn cxtqll nccessary lo makc it valid, lcgal and enforccablc.
l8 t12 lf modilication under Clausc lE-13.1 (Portial inrui'rlitr) is not prssiblc, thc rclcvant provi.sion or parl-provision shall bc dcemcd dclctctl.

lx ll I Any modification to or tleletion ofa provision or part-provisiort under this Clausc 18.13.3 (Patiul itrr iclity) shall not affccl the validity and orforccability oflhc rcsl of lhis n grccurcnt.
llt.l3 4 If onc Pany givcs notice to lhc othcr of thc possibility that any provision or parl-provision of lhis Agrcenrcnl is invalid, illcgal or uncnforceablc, thc Partics shall ncgoliatc in good faith lo amcnd such pmvision so thal, as amcndcd, it is lepl, valid and enforceabh, and, to thc g,tealesl cxlcnt possiblc, achicvcs lhe inlended commcrcial rcsult ofthc original provision.
18. l4 Rchtionship of thc Partlcs ts.t4 I ltis Agrccmcnt shall not bc inlerprcled or conslruct lo crsdac a joint vcntulc or partnanihip bctl.ccn tlrc Partics.

ls.l42 Ncithqr this Agrce$tcnt, [or aoy doculncnt refcrrcd to h it, confcrc thc right, porvcr or authorily for any Pany to act as agcrll, attomcy or rcprescntativc o[snothcr Paiy or to otlrcnvise bind anolhea Party.
t') 18.15 Lnnguagc This Agrconcnt is tlraftcd and cxccutcd in the English language only and if this ngrcemcnl is translalcd inlo ally olhcr language, thc English languagc lcxt shall prcvail.

t 8.16 Conscnts Unlcss olhenvisc providcd hcrein, wlrcnever a conscDt or approval is rapircd by cithcr Party from thc othcr Party, such conscnt or approral shall not bc unreasonably rvithlrcld or rhlaycd.
18.17 Rights cunrulrtive rvith thosc st Larv Subjctt to Clausc 16 (llcsolntiut of Dispurcs), thc porvc'rs, rights and rcmcdics confcncd on thc Portics hercin, inchxling l|rc rights of lcnnination, shall bc in addilion and wilhout prcjudicc to all othcr porvcrs, rights and rcrncdics availablc to thc Parlics in accordancc rvilh Applicablc Larvs.

18. l8 Remedics cuttlrhtivc No rcmcrly conlcrrcd by this Agrccrncnt is inlcndcd to cxcludc any othcr rcurcdy avnilablc urdcr applicablc larv.
18. l9 Limitalion of lirlrility li lq.l Exccpl as cxpres.sly povidcd ollrcnvisc in this Agr.-cmcnl, no Parly shall bc liablc to thc othcr Partic* undcr this Agrecmcnt for any loss ofprofit, loss of loss o[ oppo unily, loss of productiol loss of opportunity, loss of contra€t, goodwill, loss ofbusincss or indirect or conscqucntial damagc or loss.
tr.lez Nothing in this A8rccmcnt slnll crcludc or limit the liability of tlrc Partics for fraud or frarxlulc{l misrcprcscntatloq or for dcalh or pcrsonal injury, 18.20 No doublc rccovcry Ilach Pa(y agrccs llr.lr il shall not bc entitlcd to an cxtcnsion of timc or to recovcr damagcs or obtoin ;mynrcnt, rcimbursemcnt, rcslilution or indemnity morc lhan oncc in rcspcct of thc samc shortfall, darnagc, dclicicncy, brcach or othcr set of sircumstanccs giving risc lo onc or morc clsims.
18.21 Duty to llliligale Each Parly agrccs lhal it has a duty to mitigatc damagcs and covenants that it sltall usc cornmcrcially reasonable cfforts to minimise any losscs il may incur as a rcsuh olthc othcr Party's pcrfommflcc or nonaerformance of tlris Agrcement.
rD h: 18.22 Spccilic performoncc and othcr equitablc rcnrcrlics Without prcjudicc to any olhcr rights or rernedics that thc I'anies may havc, thc Partics acknorvledgc and agrcc that damagcs alone may not in oll circumslaDccs bc an adequatc rcrncdy for a breach olthc terms of this Agrecment and thcy shall bc entitlcd to thc rcmcdics of spccific perfonnancc or ollrcr cquitoblc rclief for any lhrcalencd or aclual brcach of the lcrms of llris Agrccmcnt.
18.23 Solc Rcnrcdy If thc Purchasc ltricc or thc Devclopmcnt Pricc is irrcvocably paid in full by thc Govcrnmcnl lo thc Gcncrator, thc Shareholdcr and / or the Finarrc Partics (as applicoblc) pursuanl lo this Agrcemcnt, tlrcn, subjcct 1o any right of thc Gencralor to any Clawback Costs pursuanl to Schedule 4 (Temfination Prior 1o Finoncial C/orrirg), cach Party agrces: r8.2t.l thal lhc poymcut of thc Purchasc Pricc or the Dcvelopnrcnt Pricc, as applicrblc, will bc in full and final scttlcmcnl of, arrd cach Party shall, following rcccip{ ofthc Purchasc Pricc or Dcvclopmcnt Price, as applicablc.
bc dccrncd lo harrc thcn rclcascd and forcvcr dischargcd, all and /or any aclions, clairns.

rights, dcmands and sct-offs, rvlrcther or not thcn known lo lhc l,arties, and rvhcther in law or equity, that il lud, may llavc or tlrcrcafter can, sltall or ntay havc against lhc other Parly arisiug oul ofor in conrrcc(ion rvilh lhis Agrccmcnt of lhc Porvcr Purchase Agrccmcntl and r8.
!12 nol to suc, conllncrrce, r,oluntorily aid in ony way, proscculc or causc to hc commcnccd or proscculcd againsl any olher Parly any action, suit or otlrcr prrcccding conccrning this Agrccment or thc l'orvcr Purclusc Agrecmcnt.
I 8.24 Sun'ivrl t8 2.1.1 lf lhis Agrccmcnl clpircs prrsuanl to Clousc 7.3 (Term ond Han<lot'er) or is terminalcd pursuant to Clausc 15 (Early lcruinutioa), cach Party's rights and obligations un&r this Agrc,ctncnt shtll, subjcct to Clausc 15.9 (O igatiott upou Ternhmtiot ), ccasc irnmcdia(cly on such expiry or termimlion (!s thc casc maY bc)- ls 2.t.2 Any provision of this Agrcemenl lhal cxprcssly or by implication is in forcc on or allcr lerminotion or expiry irrtcrdcd to comc inlo or conlinu€ of this Agrecment shall remain in full force and elfect.
tB 21.3 Expiry or tcrmination o[ this Agrccmcnt shall not affclt thc rights and obligotions of the Partics accruing bcforc such cxpiry or lerminrlion, as tlrc casc rnay bc.

18.25 Ohligrlions unrlfectcd Thc rights and obligations of llrc Pa(ics undcr this Agrecmcnl shrll not bc affelEd by any of tlr follorving msllc.s, horvcver fundamental' ?r, ttl 18.25 I the entry by any pcrson into any other agrccmcnl; r8.25.?
thc failurc by any pcrson lo cnlcr inlo any olher agrcemenli tfi.25.1 the amendrrrnt of any othc{ agrcrcmsnt; rt.25.4 lhc rvaivcr by any pcrsou of any riglrt or obligations undcl any otlEr agrccmcnl; tE.25 5 thc assiganlc'nt, noralion or odrcr lrnnsfcr ofany otlrcr agreemcrt; or 18256 tlrc tcrmination, rcpudiation, rcscission or brach by any pcrson ofany ollrcr agrccmcflL 6 lN WITNESS IVIIEIIDOF, thc Partics lravc couscd lhis ngrccmcnt lo bc cxcculcr.l and dclivcrcd by thcir respcctive duly authoriscd officcrs or rcprcscntatives as of the dttc lirst abovc rvrillcn.
TIIE GOVEIINIVII'NT OF TIIE II}]PUULIC OT SIE,ITRA LI'ONE ACTINC IIY 'I'uE N,tI By: ITINANCE o F Namc: Ahmcd I'an Bangu litle: Minislcr {r ({\ '6.r MII,JIS TE F .12>-- GOVERNIVIEN'I' OF'T'IIE REPUDLIC OF SIERRA LEONT'.

ACTING BY ,I]If,, 'r'uE MINTS'I'RY Or By: GY KAN AI 'l'rtlc: Ministcr lbrahinr Scs.ry .
:' I i ooto jr * ?ero \ NOK By: ntrso (sL) L'I'D x ,Er4,J\-1- Narnc: 'l'itle: Chicf Financial Olltrccr gitay: N 47F 6 TIIN INI'I'TAI, STIARIII Lago Globrl DIVICC By: Narnc: lbrahim Ma Title: Dirc'clor AVIITA AFRIfA ITED By, ,tl cc' amadfriBa Narnc: 'litlc: Dircctor 6 SCIIDDULD I INITIAL CONSEN'I S PAITT A GENERATOR CONSENTS Thc Ccncrator shall obtain thc follorving conscnts, pcnnits and liccnccs: lnvcslmenl Liccncc and htveslmcnl lnceotircs fmm Thc Ministry of Financc and Natioul Revcnuc Autlmrity I nlcaco nncction agrcc]Irc{ll Pcnnit to opcratc an clc*lricity facility lrom 'I'hc Elcctricity and Watcr Rcgulatory Commis.sion (EWRC) axl Thc Minislry of Encrgy Ccncralion Liccncc fronr 'l'hc EWRC and TItc Minislry of [,rcrgy Watcr Extraction Liccncc from Thc Nstional Wotcr Rcsoutccs ManaEcmcnl Agcncy Sicrra konc Cc crator (rviltcr for opcralionaligcncration purposcs, Sitc asscssmcnt npproval Envirorunental hnpact Asscssmenl Rcport approval l-and lcasc agrecrncnls fmm The lr{inislry of L:n&.
I lousing and Counlry l'lanning anrU Traditional RulcrsiAltomcy Gcnqal's Offree'RcgionalrDistrict Administrations Appmval of casc-rncnls from 'l ltc Ministry of Lands, l{ousing and Country Plarming axlr'I'raditional Rulcrs'Attorncy Ccncral's Oflicc,AcgionaliDistrict Administrations 2.

3.

4.

5.

6.

7.

8.

9 10.


Maslcr list inrlrcrt cxcmption lrorn 'I lrc Nalional Ro,cnue Authorily and Line Ministry $n PARTB EPC CONTRACTOR'S CONSENTS Thc EPC Conlractor sholl be rcsporrsiblc for procuring all construcliou rclaled opcotional pcnuits, consclts and liccnccs rcquircd for carryi[g out ard completing tlrc Works.

Thcsc includc, intcr alia: l - a 3.

4.

5.

(r. 7.

8.

9. t0.

I t. t2.

ll.

14.

15.
Pcnris.sions rcquired lo run a construction busirrcss in Sicrra Lconc Rcgislral.ion in Sicrra Lconc as a Limited Liability Gcncrator and as a "Class A" Conlractor Pcrmissions rcquircd to conslrucl lhc various parts of llrc Works Rcvicrv and ccfliftcation of dcsigns by local cnginctring fimr/ Sierra l.conc lnstiturc of Arcbitccts-Ministry of lbblic Works & lnfnstructurc Conslruction Pcnnit lbr l he Worlcs from l'te Ministry of Public Works & lnfrastruclurc EPA Liccnce (rvhich rrrcludcs rvastc disposal pcrmits) Pcmrils anrUor authorisatiou for construction ofcanp silc Pcnnils arxyor authorisation for consuuction of access roads Watcr Exlraclion Liccrrcc from Tlrc Notional Watcr Rcsourccs Managcmort Agcncy Sierra bonc (for rvalcr uscd for construction purposcs).
l.and lcasc (to thc extcnt lhal thc Contraclor's designs and opcrations diffcr lionr thc Clicnt's anlicipatcd schcmc) fronr'flrc Ministry of Lands and the EnvironrncnU Traditional RulerslAltorncy Gelrml's OfficerRcgiolal/District Administrations Approval of Eascmcnts (to tllc cxtcnl lhat thc Contraclor's dcsigns and opcration.s rliffcr from thc Clicnl's anticipatcd schernc) from Thc Minislry of Lands and thc Environment/ 'liaditiorral RulcrsrAltomcy Gcrtcral's OITice/Regional/District Arhninistrations Pcmrissions rcquircd by thc Conrractor's lrrsonnel Visas for forcign personrrcl Rcsidcnt pcrmits Ior lorcign pcrsonncl \l/ork pcrmits for forcign pcrsonrcl fD t\l t6.
t7.

18, 19.

70.

Travcl pcnnis for acccss to Projccl sitcs Operati!
'cs' Liccnces for plant and equipment Pcrmissions rcquircd for plant and matcrials Fuel duty cxcmflion and Roads Maintcnancc Fund exonption from Tlre National Rcvcnue Authority Rock blasting pcrmils (including all pcrmits rcquircd for the impon arxl usc of cxplosivc or hazardous malcfials) ?rl SCITtsDULE 2 LAND DESCIIIPTIONS AND I|IAPS Thc Bckongor Hydro Porvcr Projcct is located ncar thc Bckongorr'Kongo rvaterfalls, gcogrnphic coordinatcs of 8'30'-8"30'46nand ll"l6'48'-l l"l7'l l"W, atong thc Scwa Rivcr in the Gororna Mcndc Chicfdom of Kcncrna District, Sicrra Lconc Easlcm Part of Sicrra Lcone, as shorvn on tlrc rnap bclorvTlrc Arco o[ lntc]esl (AOI) of the topogrophic survcy lus bccn determincd is slrorvn in Figurc l-2, with UTM Zone 29 coorrlinotes.
lt is roughly a rcctan-gular arca mcasuring 4Km by I Kn, covcring a total arca of approximalcly 4.3Kmr.

Tlrc follorviug maps providc dctails of the projL.ct location arxl projcct arcas, as dcfincd as thc "Site' in thc lrnplcmcnlation Agrcenrcnl: Figurc l-l - Projccl l-ocation in Sierra konc, Bcko$orttrlfP Locrlion '1 I , I'.

t t' ' iTi -.\ .rit +- 'iii.


l I Mrp N A I I I 1 -'t, I ll II l.l t.2 l.l I I I \6 I I I { I Figurc l-2 Gcneral Projcst Location Plan ,r t rr ., , I { f1 jllt** 6 r:.. :l SCIIEDULE 3 SIDRITA LEONIi LOCAL CONTENT AGENCY ACT lnthisSchedule 3"S icrra[.conean"tncansa citizcno [SicrraLconcomSierraLconeanbusincss.

2.
'lls Ccncrator sha[: (a) give prcfcrcnce to thc usc of cquipmcnl, malcrials and products rnanufacturcd or produccd h Sierra Lcooc, or serviccs providc{ by Sicrm koncans, rvhcrc thcy arc of bctter, cqual or comparablc value to tlDse availablc from olhcr sourccs oulsidc Sicrra Lronc, laking inlo account price, quality, rcliability, timing and availability; (b) rvithin 180 Days ofcntcring into this Agrecnrcnl, providc tlrc Govemmcnt with a dctailcd rcport ott potcntial Siena l,concan supply, clnployment or contracling oppoflunitics in relation to thc Generation Projcst, including opportunilies which could rcasonably bc crcatcd rvilh thc pmvision of trainirrg; (c) announcc all upcorning local corltrac(ill8, opportunitics rclaling to lhc Gcncration Ptojcct on thc IPP Unit rvcbsite ond .rppropriatc local nrcdia outhls al lcasl 30 Days bcforc tlrc conlrocl is 10 bc awardcd; (d) rvithin 180 Da1,s of cntering into this Agrccmcnt, appoin( an ofliccr rcsponsiblc for l. ll.
ltI.
liaisingwithSicnalconcans irr supplyondconl racti rrgopponuniticsinrclationtothcGcncrat ion ProjccU rclatio[ lo (hcfacilitalionofsupply,cmployrncntorcontracling,opportuniticslbrSier aakooeans in rchlion to thc Ccncration I'rojc'cl; and moniloringandrc?ortingtotlleccneralorandtlrcGovcmmcntonthc Gcncrator's cornpliancc rvi(h thc obligations scl out in this Schcdulc l; (c) work rvith ils proposcd Erc Conlracior prior to cnlcring into an EPC Contract 10 idcntify Sicna Lconean supply, employmcnt or contracting oppor{unitics which thc EPC Contractor could usc to perform thc EPC ContracU (0 givc prcfcrcnce lo thc cnlployment of Sicrra Looncans rvlrcrc they havc thc neccssaryskills in relation to lhc Gcneration Pmjccl; 6 (g) prqnrcanannrnlcorponlcsocial rcsponsibilitypolicyandrcportonitsirnplcmcntation: (h) cnsurc tlrat: al lcasl 809.0 oI thc civil rvorks rclating io the Gcncraliol Projcct arc providcdby Sicrra Lconeans; [.
ll1.

at lcasl l0!o oftotal copital cxpcnditurE for tlrc Gencration Projcct rs spcnt oncontracls rvilh Sicrra Leoneans; and at lc.rst 50qo of lotal expcnrliturc on thc opcralion and maintenance of lhc l,lnnt is s?cnt on contracts rvith Sicrn Lconcans, in c:ch casc lo tlrc cxlcnt thal tlrey arc ofbettcr, cqual orcomporablc valuc to lhosc availahlc fronr olhcr sources oulsi& Sicno Lconc, taking inlo accounl pricc, qualily, rcliability, timhrg and availability.
(i) dcvclop ard inplcnrcnl (to thc rclsonablc satishction of thc Govcrnmcnl) a lraini[gand succcssion program: t. ll.

so alnl on lhc sccond flnnivsl*lry of llrc Effcttivc Datc, al lcasl tltn:c cilizcnsof Sicrro [ronc arc cnrploycd as enginc.crs or ntid-lcvcl rnanagcrs of thc Plant; so lhat conrnlcnciuc fron: lhc [{fcctivc Dalc.
al lcast thrcc Sicmr Lconcan citiecns irc lraincd cvcry fivc v-cars as molcssional cngirrcct rvrlh ttc skills ricccssary to StrtrXflliffirfflinlcnance 1t t. rvith a vicw 1o achicving thc bclorv quotas: Positioru I areet nercentaseoTomiirons lobclillcdbyciti7aos'ofSienalcone i Frorn liinancialClosc untilthc5th annivcrsaryoff inancialC Iosc Managcrialpositions rons 20" 50oo Irromthe5tlunniversaryol)rlnancialCloscuntiitlEcndo nheTerm Managcrialpositions Jle posilrons 60qo 80" " 6 ,l!
t Thc Gcncrator shall providc lhe Covcmment rvilh a bi-annual rcporr dctailing its cornpliancc rvith and thc implementation ofthe Local Content Requircmcnts in this Schcdulc l0 during tlrc prcccding six (6) months.
6 :4 l. l.l SCIIEDULE 4 TERJVIINATION PIUOR TO trINANCIAL CLOSTNG Payorcnt Notlcc Upon an carly tcrmhration of this ABrccment pursuo[t to Chuse l5.l (Tcrninatictn prior to Fitnttciul Clositrgl as a rcsuh of any onc of thc cvents sct oul in thc first column (Icrarirntion Eveut) bclow: I I I thc Party sct out in thc third column (thc "Rclevsot I,rrty") may scrvc a noticc (a "Pryntent NotlcC') in accordancc rvi(h the proccdurcs set oul in this Schalulc 4 (Icminotiorr Prior to Fitnnciol Chtsiug); and t. t.2 llrc Gcncrator will provirh lllc Govemmcnt a summary of thc p ncipal commcrcial lcms an<I,'or patamclcrs of thc documcnls and ass€ts lvhich conslilule cach Asscts and Documcnts Packagc and rcasonablc supporting irrformation svidcncing lhe out of pockct costs rcasonably and propcrly incuncd by thc Gcncralor and/or the Sponsors in rcspcct ofcach Asscts and Docuntcnts Pnckagc.
1te Covcmmcnl may audit such costs al ils orvn cxpclsc.

Tonnitntiou Evctrl Dcrelopnent Pricc Dcvcioprncnt Pricc A 'l'crmination of thc Implenrentation A8rtcnrcnl pursuant to Clausc 15.1.

| (b) (Tcrninution prior kt l:inarcid Chring\ L _ _-- _,_ I Tcrnrination of j Agro,n.nt I Clauscs 15. t.l (c) I I 5. l.l(d\Tcnninarion Y":"'::Y:'_ 1.2 Thc Rclcvant Party mly delivcr a Paymcnl Noticc within: lhc Implcmcnlation pursuanl to or lo Dcvcloprnenl I'ricc B prtor Rclcvan, Pan), !
Gencralor I I Covcmmcnl r.2.1 1.2.2 rvherc lhc Rclcvant Party is thc Gencmtor, ninely (90) days of thc rcceipt or dccmcrl rcccipt (in accordance with Clause 18.t.2 (lVorrbcs)) of the alplicable lA Tenninalion Nolicg and wherc thc Rclcvant Parly is lhc Govcmmcnl, twclvc (12) montfis of lhc rcccipt or dcemcd rcccipl (in acrordancc with Clausc 18.1.2 (M,rrcer)) of thc applicablc lA Termination Noticc.
l.l The l'aymcnt Noticc shall sct out thc Devclopment Price payablc by thc Govcrnmcnt as dclailcd in thc sccond column (Devclopntent Price) of the tobh in Paragraph l. I of this Schcrlulc 4 (Tcrninalion Prior to Fiuancial Closittg).

6 ?J 1.4 2.

2.1 Whcrc tlrc Rclcvant Pany is tlrc Govcrnnrcnl it shcll notify ttrc Gcncrator in tlrc Paymcnt Noticc as Io rvlrctlrcr it rvishes lo purchase any of thc Assets and Documcn(s Packages (and identify thc rclcvant Asscts and Documcnls Packagcs).
Paynrent o[ lhc Dcvclopnrent Pricc Thc Covcmmcnt shall pay thc Dcvelopment Price to thc Cerrcrator within nincty (90) dnys ofthe dalc of rcreipt or dccrncd rcceipl (in accordancc rvith Clause I 8.1 .2 (Notices)\ of the Paymcnl Notice and in immediatcly availablc funds to such account insidc or oulsidc Sicrra l-conc as thc Gcncrator may spccify in lhc Payncnl Nolicc.

3.
3.

Transfer 3.t Upon paym{:nt of lhc Dcvcloprnenl Pricc undcr Paragmph 2 (Puynrcnt of Purchasc Pr'c'c) of this Schcdule 4 (Tcnniuation Pior to thc Ellectit c Dotcl, thc Gencralor shall: 3l I in tlrc cvcnl that Dcvclopmcnl lrricc A is payablc, lransfcr to the Govcrnmenl all the Asscts and Documcnls ltackages; and !t2 in lhc cvcnt lhat Dcvclop[rcnt l'rice B is payablc, transfcr to thc Govcnrnrcnt thc rclcvalt Asscls and Docurnculs Packagc(s) (os noli[icd by thc Govcmtncnt in accordance rvilh l'aragraph 1.4).
4 Clervbrck Cosls 4.1 ln thc cvcnl that lhc Govcmmcn(: 4 t I dclivcrs a Paymcnt Notise ond is thcrcforc obligcd to pay thc DcvclopmeDt Pricc B pursuant lo Paragraph 2 (Paynent ofthc Devchtpnrcnt Price); awJ 4t2 cnlc6 inlo final binding lgrcements rvilh a third party to devclop, finance, construct, commission, own, opcralc or nrainlai[ thc Projcct al any lime frorn the earlier of (i) the lhird (3'd) anniversary of paymcnt by thc Govcmmcnt o[ the rclcvant Devclopmcnt Pricc and (ii) the rhird (3'd) annivcrsary of lhc dstc that is trvclvc ( I 2) months fmrn the datc of the lA 'lcrminalion Noticc, tlrc Sharcholdcr shall bc cntitled lo thc Clarvbrck Costs which shall bc payablc to thc Sharclrolder within nincty (m) drys ofdouand by thc Shareholdcr.
4.2 For the purposcs of this Paragraph 4 (Chtu,ktck Cosr.r), "Clewbrck Corts" mcans an amounl equal to: 421 422 one hundrcd and ten per ccnl (l lOtr) oflhe Pcrmiltcd Developmcnl Co$s; lcss any amounts otherwise paid by thc Govcrnmcnt pursuanl lo Dcvclopmcnl Pricc B St) 5.
Dcfeult Irtcrcst Thc Covenrmcnt shall pay irrtcrcst at llrc Agrccd lnlcrcst Rate on any unpaid Dcvcloprncnt Pricc due and payablc undcr this Schedulc 4 (Terntitcttion Prior to Finonciul Closingl from lhc dale paymenl ryas due, up to aml including lhe datc on rvhich paymcnt is madc.
(r. Dcllnltlons "Asscts end l),ocunenls Prclegc' means cach ofthc follorving: (a) thc F*,S Studics as produced prior to, ard follorving, tlrc Signing Date; (b) lhc Feasibility Studhs as prodrrced prior to (and including geotcch studics.

all LIDAR data and hydrology sludies), anrl follorving, thc Signing Datc; and (c) lhc Pmjccl Documctls Packagc.
"Agrccd lntcrcst llrte" mcilns onc (l) monlh US$ LIBOR intcrcst mtc ivhich rvould bc applicablc lo a similar amounl nlus onc nrxl a half per ccnt (1.5-qi,) pcr annum, comlnunded on lhe last day ofcach montlr.
"Asscls aod Documcnts Packagc Cost" mcansin rcs;rcct of an Assct and Documcrt Packagc, lhc total out of pockct costs rcasonably ond propcrly incurred and in accordancc with Good Industry Practicc (rvilhout doublc counling) by thc Ccncralor and '' or tlre Sporsors rvith rcgard to such Asscl and Documcnt l'ackagc.

"Dcvelopmcnt Pricc" tncans Dcvclopmcnt Pricc A or Developtncnl Pricc B (as applicablc).

"Dcvclopnrcnl l'ricc A"nrcons an amouut cqual tu llrc Permitlcd Dcvclopmcnl Costs.
"I)cvclopnrcnt Prlcc B" mcans an amounl equal to the oggrcg.ale of thc lolal Asscls aod Documenls Packagc Coss in rcspcct of the rclcvant Asscls and Dncuments Packagcs, as notificd by thc Govcmrnent pursuant to I'aragmph 1.4 abovc.

"E&S Sludlcs" nrcans all of thc environmental and social sludics conrmissioncd by thc Sponsors and i or the Ccfleralor in rclation to thc Project.
"Fcesibility Studics" mqlns all Projcct's rclatcd studics including bul not limilcxl to the pre-feasibility studics, market rcsearches, thc feasibility an{l construction sludies commissioned by tlrc Spomors and .or thc Gencrator in rclation to thc Projcct.

"Pcrmittcd Dcvclopmcnt Cosls" mcans an amount cqual lo lhc aggregatc of: (a) US$28,000,000; and en ,!]
(b) any dcveloprnent cosls rcasonably, proporlionately and exclusivcly incurrcd by thc Sponrcrs and ,'or thc Gcncralor in conneclio[ rvith the Project and in accordancc rvith Good Industry Practicc, during thc lrriod commcrming on tlrc datc of this Agreemenl and cnding on thc carlicr of Financial Closing and thc tcnnination ofthis Agreemcnl.

and providcd tlnt such arnounts havc becn vcrilied by an intcmalionally recogniscd firm of indcpndcnl audilors.

"Projcct Documcnt Packrgc'nrcans llrc exccutcd or.


latest drafts ofthc, l'rojcct Docurncnts (hat arc in circulation betrvccn thc partics thercto prior to thc d{te of lltc Paynenl Noticc.
6) SCTIEDULE 5 TIL/\NSFUR ON TERIVIINATION l- t.l Transfer Notlce Upon an Early Tcrmination os a rc$rlt ofony onc of thc cvcnts scl out in thc first column (Tcrminatiur Evcnll bclorv, llrc Party dclaihd in thc sccond column (Party Ertlitle.l to Sene o Trausfer lVorice) bclorv may scrvc a nolicc (a "Transfer Noticc") in accordance rvilh tlrc procedures sct oul in this Schcdule 5 (Tronsfer on Tcnfilrl.tirrlt).
Tcrmination Evcnt t Prrty cntiltcd to scrvo a Trensfor Notlcc Purchasc Price I , -_- Tlrc Gcncralor or , Purchasc l'ricc C thc Sharcholdcr Purchasc Pricc A I it I I Purchasc Pricc C Irurchasc Pricc D Tlre Covcnrrncnt Eerly Terminatkln of thc Powcr Purchrse Agrcc[rcna Tcmirulion of the Power Purclnse I Agr€cmcnt by thr: Olllakcr pursuanl lo, clausc [ 17.2i (Tcrmhntion' Gcnerato, I Event oI Dcftn 0 ofthc Porvcr l'urchasc Agrccmcnt 'lcrmination of lhc Powcr Purchasc Agrccmcnt by the Gcncrator puBuant lo clausc [ 7,3] (Temthnticrt .for Altakcr Evcnt of Defrr;i,ltl of thc l'orvcr Purchasc Agrccnrcnt 'Itrminalion of lIrc I'orvcr Purchasc Agrc,cment by tltc Gcncrator pursuanl to clause [7.4] (Incrctred Co.rtr) of the I'orver Purchasc Agrccmcnl Tcnnination of thc Porvcr Purchasc Attrecmcnt by llrc Gencralor pursuant lo clause t 17.5] (Ternination .
[or u Prclongcd llydmlogtcal Constuim ot thc Powcr Purchasc Agrcerncnt Termination of the Power Purchase AgrcGment duc lo a Prolongcd Iorce Majcurc Event which is a Political rorcc Majcurc Evcnl or a scries of ,elaled Political Force Majcurc Evcnts Termination of ahe Porvcr ltrchase Agrccment due l0 a Prolongcd Forcc Event rvhich is an Other Forcc M Thc Govenlmeltl Thc Gencrator or thc Covcmmcn( The Cererator or Purchasc Pricc C thc Govemmcnl Thc Gcncralor or ' Purchase Pricc B llte Govemment 6 Tcrnrinrllon Evcnt I Purcbasc Prlcc I I Prrty cntitlcd to servc r Tnnsfcr Notice !
Ivlajeurc Evcnt or a scrics of rclatcd forcc lvlajeurc Evcnls af(bcting the OfTlakcr iTcmrination of thc Porver l'urchasc Thc Ccnerator or Purchase Pricc B Agrc,cmcnl duc to a l'rolongcrl Forcc Majcurc Evcnt rvhich is an Othcr liorce Majcurc Evcnt or a scrics of rclatcd Forcc Majcurc Evcnts affccting thc Gcnerator lhc Govcmmcnt l I Purchasc Pricc C Thc Gcnerator or f,arly Tcrmlnetlon of thc Implcmctrtrtion AgrGcnrcnt rflcr Flnanclel Closlng Tenninalion of thc l plcmcntation Agreemenl follorving thc PPA Effcctivc Datc duc lo a Govcmmcnt Evcnt of Dcfault Jrursua[t lo Clausc 15,3 ('[a nitation lor Gowrrrnrcnt Ercnts of i Dafault lolhxing Financid Closiug) 'l'cnnination of lhc Implcmcntation Agrccmcnt lbllorving fhc PPA Ellcctivc Dale duc to a Gcncralor Evcnt of Dcfault pursua to Clausc 15.2 (Teranhntion for Govcnrnrcnt Events of Dalault .folknriug Firunciol Closilg) 'l lrc Govcmurent Purchasc Pricc A I l 1.2 1.3 A I'arly cnlillcd to givc a 1 nnsfcr Noticc under paragraplt l.l (Txuqfcr Notice) ol' this Schedulc 5 (finmfer on Terntittuliotl rnay dclivcr a 'l'ransfcr Noticc at any tinrc on or aftc,r lhe dalc on rvhich an IA Temrination Noticc is rcccivcd by tltc otlrcr Pnrty up 10 lhc datc lhat is rrincly (90) days allcr thc dalc on rvhich thc rolcvant IA Tcrmination Noticc is rcccivcd by thc rclcvant Party.
'Ihc issuc of a Tnnsfcr Noticc rcquircs tlu Gcrrcmlor (o transfer lhc Plant to thc Governmcnl, and thc Govcmmcnt shall purchasc all of thc Gcncrator's righl, title and intercsl in thc Planl in accordancc rvith paragraph 4 lConqletion ol Trunslcr) of this Schedulc 4 (Transtc r on Terui txt I i on), Ifthc Gcrrcrator or thc Shareholder elclivers a Tnnsfcr Noticc, lhc Transfer Noticc shall contain a certificarion by thc Gcneralor or the Slpreholdcr (as applicable) of thc provisional dcterminalion of lhe Purchasc Price scl oul in thc final column (Purchuse Ptice) of tlrc lablc in paragraph l.l (Truns{cr Notice) of lhis Schcdule 5 (Tratufcr on Tcrninatiut) applicablc to lhc Tcrmination Evcnt set oul in thc firsl colrlmn (Terminotiorr .8ucll) of the table in pamgraph I .l (Translcr Notice'1 of |dltis Sclslulc 5 (TransJer on Tcrrttitratlon') togcther wilh rcasonablc supporling calcutations (lhc "Proposcd Purchrrc Pricc").
AD 1.4 If thc Gcncrator rcccivcs a Transfcr Notice frorn the Covenmcnl, thc Gcnelator sltall as soon as practicablc dclcrmine thc Proposcd Purchase Pricc and notify thc Govcmmenl, in writing of such Proposcrl lturclrasc Pricc along rvilh thc ccflilication and in tlrc tenns rcfcrrcrJ to in paragraph l.!

(Tt'uusler Noticc) of this Sclrctlulc 5 (Iranr/cr on Termiuatian').
1.5 ln thc cvcnl that: t 5 t only thc Govcmmcnl is cnlitlcd lo issuc a Transfcr Noticc in accordancc rvith this Sclrctlule 5 (Transfer ou Ternitrrr.tion); and t52 follorving tlrc delivcry of lhc relcvarrt lA Tcrmination Noticc thc Govcmment or a Covcmmelt Aulhorily (a) canies oul a Sharc Lrpropriation Evcat, or (b) canics oul an Expropriation ot Conlrol, or (c) othcnvisc compulsorily acquircs, cxpropriatcs.
rcquisitions or nationalizcs thc l'rojcct (or any part tlrrcoQ, thc Cencrator or any assets o[ tlrc Cenerator, lhc Finance Partics or the Contraclors.

1 2.t lhcn thc Govcrnment rvill bc deerncd lo have issucd a Trarsfcr Noticc and shall bc requircd to pay tlrc applicablc Purchasc Pricc in acconlancc rvith this Schedulc 5 (Tru nslir on Terntfu uiutl.
Vcrincrfion oflhc Proposcd Porclrrse Price 'lltc Govcrnnrcnl shall rvithin fiftccn (15) daysof thc Govcnuncnlis rcccipt of lhc Ccncrator's calculation of tlrc I'ropos:d Purchasc l,ricc undcr paragrapl: 1.3.1 or 1.4.1 (TrourJcr Noricc) of this Scluluh 5 {Translcr or Tcrntiruttiou) rnlify lhc Gcrcrator in rvriling to confirnl rvhcthcr it: 2 I I accepls tlte Gcncrator's calculalion o[ lhe Proprscd Purchasc l'ricc (and irr such case such lroposcxl Purchase Pricc slrall bc lhc conclusivc Purcltase Pricc for thc purposcs of lhis Agrecmcnl)i or 2t2 rvislrs to appoint an intcrnationally rcputoblc firm of indcpcrrdent acc{runlants (lhc "Itrdcpcndent Accountut") to vcrify lhc Gcncrator's calculalion ofthc Proposcd Purchasc Pricc, provided that: (a) (b) if thc lrnlependent AccountaDt agrccs with thc Gcncrato/s calculation of thc Proposcd Purclnse Prica, thc cxpnscs of tlrc hxlependcol Accountant rvill be bomc by thc Govcmmcnt; and if thc lndcpendcnt Accouulant disagrecs with thc Gcneralor's calculation of thc Proposed Purchasc ltrice, lhc expenscs of the Indcpcndcnt Accountant will bc sharcd irr equal proportions bclrvecn tbc Cencrator and thc Covenrmcnt, (cach a "Govornmelt Rcrponsc").
2.2 If a Govemnent Rctponse is mt providcd to the Genentorwithin fiftcc.r (15) &ys of lhc Govcmnrcnt's rcccipl of lhe Generator's colculntion of thc ProFlscd eD 2.3 2.4 2.5 2.6 Purclrasc Price.

thc Govcmmcnt slrall hc dcerncd to lmvc acccpled the Proposcd I'urchasc |tricc and such Proposcd l,urchasc Pricc shall bc llrc conclusivc Purchase Pricc for thc purposcs of this Agrc.cmcnt.
lf lhe Govcmmcnt appoints an lndependent Accounlanl pursuant to paragraph 2.1.2 of this Schedulc 4 (Trunslcr on Tcrminotion), thc Gcnerator shall pcrmit thc Indcpendcn( Accountant lo acccss and lakc copics of all rclcvant doguments and rccords in its possession lllat are not subjcct to professional privilcgc and lhal ars rcasonably rcquircd by the lndepcndcflt Accounlarl to vcrify the Gcncmtor's calculation oflhc l,roposcd Purchasc Pricc.
Thc Indcpendcnt Accou anl's verification of tlrc Proposcd Purchasc Pricc slrall bc complctcd within [30] days of thc Govcmurcut's rcccipt of thc Gcncrator's calculation of tlrc Propo,scd Purchasc l'rice and lhe Govcmmcrt shall proflrc that thc lndcpcndcnt Accounlanl provirlcs l copy of its vcrification rcpofl lo lhc Gcncrator at tlrc samc timc as it is providcd to tlre Govcmmcnl.
lf thc Indcpcndcnt Accounlsnl confirms thc I'roposcd Purchasc Price in its vcrification rcport, such Proposed Purchasc Priee shall bc thc conclusive Purchasc Pricc for thc purposcs of lhis Agrccmcnl.
Subjcct to paragraph 2,6 bclou ifthc lndcpcndcr nccountanl docs nol confinn lhs I'rolmscd Purchase Pricc irr ils vcrificalion rcporl flnd thc Covcmmenl and thc Gcncrator arc unablc lo agrcc on a Purchasc Pricc rvithin [30] days of thc Gcncmtor's rcccipa ofsuch vcrilication rcport, such failurc shall bc dcemel lo givc rise to a 'Icchnical Dispulc.
If a copy of an hrdcpcndcnl Accounlanl's verification of the Proposcd Purcha.sc I'ricc is nol rlclivcrcd to ahc Gcncrator rvithin I l5] days oIllrc Govcrnment's rcccipl of thc Gcrprator's rhtcrmination of thc same, lhc Govcrnmcnl slull bc dccmcd to havc acccped thc Proposcd Purchase Price uyron expiry ollhc U5l day pcriod and such l'roposcd Purchasc Pricc shall bc thc conclusive Purchasc Pricc for thc purposcs of this Agrtcmcnl.
For lhc avoidancs ofdoubt, Purchasc Price A, Purchasc Price B or Punuhase [ticc C shall nol, undcr any circulnslarEe, bc equal lo an amount lqcs than thc Nct Dcbt 0rlslandiug.

3.
3.

Prymcrl of Purchesc Pricc When the Purchasc Price has bccn conclusively agrc'crJ or dctermined: 3.1 lhc Oovcmmcnl shall wilh respcct to tlrc paymcnt of l'urchasc Itricc A: l.t.l pay an aolount cqual lo the Ncl Debl Oulstanding to ths Financc Parties; or I t.2 wilh respc'ct to lhc paymcnl of Purchasc Price B or Purclrasc Price C, pay: (a) an amount equal to thc Nel Dcbl Orlslanding to the l;inancc Paflies; arul tD B?
(b) an amounl crlual lo Purchasc I,ricc B or Purchasc Price C (as applicablc) rninus thc Nct Debl Outslonding, lo thc Gencraror, or thc Sharcholdcr (wlrere thc Sharchoklcr has dclivcrcd tlrc Transfcr Nolicc), il United Slales Dollars attd in immediatcly availablc funds lo such account or accounls insidc or outsidc Sicrra l.conc as thc Gcneralo], thc Slr.orcholdcr andror the finoncc l'arties (as applicablc) may spccify no latcr than l5 days allcr thc datc o[ lhc conclusive agrccment or delcnnination of tbc Purchase lticc (such payncnt datc bcing thc "lluy-Out Dotc").
4.

ContplctionofTrnnsfcr 5 5.1 5.2 Subjcct lo paragraph 5 (Failurc to Tronsler) of this Schcdulc 5 (Translbr on Tcniuttion), simultancously rvith tlrc pa;m:cnt of lhe Purchasc Pric,c undcr paragraph 3 (Po1,ncnt of Purchase Pricc) ol this Sclrcdulc 5 (Tmnslcr on Ttrninalkttt), tlrc Gcncralor shall transfer all ils ri8ht, tille and inlercsl in lhc }lant to tlrc Govcrnmcnt.
l.'ailurc to frrnsfcr If llrc Gcncralor fails to comply rvilh paragraph 4 \(-unpletion of Tiausfcrl and such failurc rcsults from or is causcd by 5 I I nn acl or omission ofthc Covcmmcnt or a Govcrnmc[l Authorily: 51.2 a Change in Larv, a Forcc Majcure Evcnl or any olhcr cvcnt or circutnstancc bcyond lhe rcasonablc conlrol of the Gencmtori or 5tl Applicable hw, rvhich rtsclf do{s nol arisc from Gcneralor Action or Inaction thc Gettcralor or thc Sharclroldcr may demand thal thc Purchasc Pricc slrall ncvctthclcss be paid by the Govcmmcn( in accordancc rvith paragraph 3 (Poncut of Pnrchasc Pricc) of this Schcdulc 5 (IrarrrGr ot Tcnninatiott).
If a circumstancc listed in prragraph 5.1 prevents thc transfcr of the Plant irr rccordancc with paragraph 4, then paymenl of thc Purclrasc I'rice by the Govcmment pursuant to paragraph 5-l shall bc irrecovcrablc aod non-rcfundablc.

I lorvcvcr.
fmm thc Buy0ul Datc: 5 2 I lhe Gcncralor and tlre Sharelroldcr shall usc all rcasonablc cndeavouts lo ensure compliancc ryith thc provisions of paragraph 4 (Complction of Transferli <1-, until lhc transfer is completed in accordancc with poragaph 4 lCompletion qf Tmrsferl, the Generator shall Srant a security intcrcst in favour of drc Govcmment in rcspccl ofall ils riEht, tide ond interest in thc Plant; and tt, r, 52 r the Partics ugrcc lo discuss, in good faith, to scck to rcstructurc lhc irrangcmcnl$ sct out in this Schcdule 5lliusfcr on Tenninoliou) to enablc lhc Planl lo bc transferrcd lo tlrc Covemmcnl, including by rvay ofa sharc salc of thc Sharcs rn the Gcrcrator, provided that any discussions pursuant.
lo this paragraph 5.

1.7 slnll not bc lcgally birxling unlcss thc Parties agrcc in lvriting.

(r. Dcfrull lnlcrcst Thc Govcmmcnt shall pay inlcrcst al tlrc Agrccrl lnlercst Ralc on any unpaid Purchasc Pricc duc arxl payable undcr this Schcdulc 5 {Tronsfer on Tcrminatio,r) from lhc datc pq/mcnl was duc.

up to and including tlrc (hlc on rvhich payncnt is madc.
7 Dcfnitions In tl s Schedulc 5 (fi ansfar on Tcn uatiott): "ABrcod lntercsl Rrtc"mcans onc (I) rnonth US$ LIBOR intercsl ralc rvhtch rvould bc applicablc lo a sirnilnr omount plus onc and a half pcr ccnt ( 1,5',o) pcr annum, comJnundcd on the lasl day ofcach monlh.

"Buy-Out Detc" has thc rncaning givcn to tlr tcnn in paragiaph 1.2 of this Sclrcdule 5 (finLr/c r on Tcrninulioul.
"Equlty lRR"means lhe rominal cquily intemal talc of rcluru, spccificrl in lhc I'inancial Modcl, rvhich a holdcr of equity in lhc Ccnerator (including any cquity rvhich has bccrr injoctcd by rvoy o[ subonlinated dcbl a l , or sharcholdcr loans) is, at lhc dalc of Finarrcial Closing, forccast in the Financial Modcl to achicvc on ils invcstmcnl in cquily ovcr tlrc 'l'cnn.
"Nct Ilcbt Oulslrnding"mcans: (n) all amounts requircd to bc paid or rcpaid by thc Gcncrator under thc Financc Documenls as at the dale o[ lcnninalion of this ,lgrccmcnt, irrcluding principal outstanding, lnteresl accrucd bul unpaid, prepaymcnl or early tcrmination pcnaltics and brcakagc cosls; minus the surn o[: (b) thc aggrcgatc balancc slanding to thc credi( ofall bank accounts maintainc.d by thc Gcrrcralor and which arc within lhc control of thc Financc I'artics (including tlrc dcbt scrvicc reservc, mai[tenance reserve and insurance proc€-crls accounls) otlEr thsn any accounl from which i( may make distributions to tlrc Shareholdcrs; and (c) all amounls payablc by the Financc Partics (or (hc counlcrpartics lo thc intercd rate or exchangc ralc hcdging anangcmcnts providcd for in thc Itinancc Docunrcnls) 1o thc Gcnerator in conncction with thc cady tcrminalion of any applicable hcdghrg arrangemenls as a rcsull of prcpaymenl ofamounts outslanding undcr thc Fioance Documcnts.
6 "Purcbrsc P cc" mcans Purclrase Pricc A, Purchasc Pricc B, or Purchasc Pricc C, (as applicablc) undcr paragraph I (Pwchase Fhce) of this Schcdulc 5lTransfer on Tcrmiuoti<utl.

"Porchesc Pricc A"mcans an amounl cqual to thc Nca Dcbl Oulstanding.

"Purchese Pricc Bnmcans on anrount equal to thc sum (rvilhout doublc counting) oI (a) thc Ncl Dcbl Oulstanding; plus (b) Iilly (50oa) of thc Sharclrcldcr Contribuliou; plus (c) dre relevanl Tcmrination Costs; plus (d) any outslanding Tariff Payments.
"Purchasc Prlce C"mcans a$ amounl cqual to thc zurn (rvilhout doublc counting) of: (a) (hc Ner Dcbl Outslanding; plus (b) thc Rclum on Equity; plus (c) lhc rclsvant 'I'cnnination Costs; plus (d) any outslandinB Tariff Paymcnts.

"Purcbrsc Pricc D"mcans an arnounl cgual to thc sunr (rvithoul double counting) ofi (a)' lhc Nct Dcbt Oulstanding; ptus (b) 50 % ofthe Retum on Equity; plus (c) 509o ofllrc rclevant Tcrmination Costs; plus (d) any outstanding TarilT Payments.
"Rcturn on Equity" nrcans an atnounl equal to tltc ncl prescnt value discountcd using thc Equity IRR as at lhc datc of tcrminalion of this Agrccmcnlof any iulurc dividends.

intercst and repaymcnts of loan prirrcipl or slrare capilal rvhich are projcctcd to bc paid by thc Gcncrator to the Sharclrcldcr in thc Generalor's Financial Model for thc pcriod from the Buy-Out Date until the sclreduled cnd of the Tcrm.
"Shnrchoklcr Contributlons"means thc capital of tlrc Gcncrator attributablc to lhe Sharelroldcr as at thc relcvanl date, includirrg share capital that has not bccn rcturncd to thc Sharchoklcr by rvay ofo capital rc{uction and shorcholdcr loans the principal amount ofrvhich has not bcen rcpaid as at thc rclevant datc.
8t, c5 "Tcrnrlnrllon Coslsnnrcans in the casc of a purclrasc of thc Plant, thc sum detcrmincd as oflhe Buy-Out Datc of amounls payablc by thc Gcncrator ln rclation to thc tcrmimtioD of contracts and subcontrncts cntcrcd into by llrc Gencrator on an nnrr's-lcngth basis and in accordancc rvith Good ldustry Practicc (including thc Projccl Documcnls) ilsuch con(racts or subcontracts arc lcrminated.
I qI) SCIIEDULI' 6 IIANDOYER l. I A llandover of thc l'lnnt t.2 l3 1.4 thc Plaot to thc Govcrruncnt pursuanl to Unlcss tlrc Gcnerator is requircd lo transf€r Clausc l5.ll {8tt1,6u11 or lhis Agrcctncnt has bccn lcrminalcd prior lo [inarcial Closing pursuant 1o Clausc l5.l (Teruiualiou Prior lo Finoncial Closirtg), al any tirnc during thc lasl thrcc (3) ycars of thc Term, thc Partics may appoint an indcpcndcnt cnginccr to rcport on whcther thc Planl has bccn maintained in accordancc wilh this Agrccmcnt, including any manullaclurers' rccommcnda(ions.
Any Party may rcqucst such appointmcnt by written noticc to tlrc othcrs proposing thc namc of a suilable candidatc wlro shall bc a mcmber of the lnstitution of Ivlcchanical Engincers (or thc rclcvant succcssor organi$tion) (the "Indcpcndenl Engineer").
Ifthc Partics havc nol agrccd a candidatc wilhin fourteen (14) days of that noticq cithcr Parly may rcqucst the Prcsidcnt of tlrc Instilutc of Enginecring aud Tcchnology in thc Unitcd Kingdom to sclccl wilhin 30 days of such rcquest a rvilling, availablc and suitably qualificd prson to bc appointcd lo this mlc, and tln I'artics rvill bc bound by this dccision.
'l hc Ccncralor slull givc all rcasonablc acccss lo lhc I'lant arxl all rclcvattt rccords for thc Indcpcndcnl lingincer lo pscp.lrc his rcport, 'l}c partics shall usc all rcasonablc cndcavours to cnsurc thal tlrc rcport is dclilcrcd lo lhe I'anics within trvcnty-eight (?8) days of tlrc appoinlmellt ofthe lndepenrlcnt lingincer.

Thc Gencralor shall usc all rcasonablc endcovours to carry out any works rcquircd in ordcr lo cnsure lhat thc Plant is in Cood Operating Condition as at lhc l-ranslir Datc.
On thc 'Iransler Datc, lhe Generalor shall transfer frcc and clcar of all licns and cncumbranccs all of ils right, title and intcrcst in: l4t 142 14.3 t{4 t,t.5 thc Plant; all stocks ofsparc porls and othcr consumables rclaling to the Plant; all rccords rclating to the Planl of whatsoever nalurc includinS documcntalion rclaling to thc Project such as thosc rclating to dcsign, opcralion manuals, mainlcnance manualg and c4uipmcnt data shcets; all of thc Ccncrator's riBhts, tillc, intcrcst, in and derivcd frorn thc agrc.cmcnts relaling to lhc Plant rvhich arc valid and subsisting and capablc of bcing lranslencd by the Oencrator to tlrc Govemmcnt, olhcr thon any agrecmenls bctrvecn thc Cencrator and any of its Affiliatcs; the bcnefit of any rvarrantics or guamnlces given by third panies in respccl ofany pmperty or asscls to bc lransfcrrcd to tlrc Govcrnmcnt or its dcsignc!
whiclr are valid and assignable as al the Transfer Date; and 8l.., 1.4.6 any outstanding insurancc cloims and thc bcnefit of any insurancc policics (including lhc insurancc policics) rvhich arc as-signable as nt lhc Transfer Dalc, to lhc Govcmmcnt, or a pctson dsignatcd by thc Govemmcnt, in consideration of lhc payrncnt by thc Govcmment to thc Ocncrator or the Sharcholtlcr (as applicablc) of US$ I (upon expiry of lhc Tcrm) (thc "Phnt Trausfcr").
1.5 Thc Plant shall be transfcncd in Good Opcrating Condition.

1.6 1.7 1.8 Twclvc (12) nronths before thc expcclcd Transfcr Datc tlrc Gcnerator and llrc Govemnrcr shall cach appoint two pcoplc rvlrc slrall be rcsponsiblc for phnning axl imploncnting lhc Plant Transfcr (tlrc "lhndovcr Coamitaec").

Tlrc Gcncralor and thc Govcmmcnt shall ensurc lhal thcir appointccs ltavc tlre appropriatc lc.chnical skill and expcricncc to pcrform this rolc.
Thc tlandover Commitlcc shall havc thcir initial mccling no later than elcvcn (l I) monlhs prior to thc cxpoctcd Transfcr Da{c, and lhcreaftcr slrall met no lcss tlnn twicc a month unlil thc Planl Transfer.
Thc I laxlovcr Committce shall lakc all such stcps as arc rcasonably practicablc to ensurc lhat Plant 'l ransfer takcs place in acconlancc with this Agrccrrrcnt and cnsurc: I E,I 18.2 thrl tlrc opcrflling lcam nornioatcd by thc Govcrnrrenl to opcm(s thc Planl liom thc Transfcr Date is availablc at llrc Sitc and rcccivcs training frorr thc Gencrator during tlrc lasl thrcc (3) months ofths Tcnn (at lhc cost and expcnsc ofthc Govcmnlcnl); and the Ccncrator shall supprt tlrc Govemmcnl in lhc prcparation of opcralion and mainlcnancc manuals and protocols in rclalion to thc Plant for thc pcriod bctwccn lhc 'lrarufcr Datc and lhc l'irsl annivcr$1ry of thc Transfcr Datc.
t.9 For thc avoidancc of any doubt, il is clarificd thal subjecl lo Clausc 18.24 (Srn,rluI): t.e.t thc Gcncraaor shall bc rcsponsiblc lor ils dcbts, liabilitics and obligations in conncction with tltc I'rojc{t lhat rchle to tlrc pcriod prior tu lhc Transfcr Dalc; and I 9.2 thc Govemmenl shall bc rcsponsiblc for all dcbts, liabilitics arxl obligations in conncclion rvith 0rc Project lhot rcltrtc lo tlrc pcriod after thc Transfcr Date.
I D llandovcr ofthc Connccting Facilities 6 The Conncctions Facilitiqs would bc handed ovcr lo EGTC as per the followirrg procedurcs and time tables: (0 (ii) (iii) (i") (v) (vi) (vii) (viii) l2 montlls prior to thc Targcl COD date EGTC rvill providc thc list of lhc personncl it rvould nmkc availablc for tlrc propr opcration and maintenamc ol' thc Conncclion Facilities for llrc lcrm oflhis Agrccmcnt.
The leam should includc dcdicatul pcrsonncl assigncd to lhe Bckongor Substation (opcrators) and mainlenance pcrsonncl fmrn its dcsignaled mainlcnance ccntcr.
Gcncmlor rvill providc Olrration and Main(enarrce training for EGTC Jrcrsonncl (to bc conducted in classrooms and on Sitc in Sicrra Lmnc) oo all tlre cquiprncnt and soRrvare that rvould bc procurcdi installcd and commissioncd by the Gencrator, thc schcrlule of thcsc training would bc issued 1o ECTC by Generator no latcr lhan l0 months from the Target COD Date.

Gcncralor will issuc at complction ofall t;aining a certificate ofcompletion of lrainings to EGTC.
2 rvceks prior to lhe backfcrd datc, as defincd in Schcrlulc 2 Pan A 2,2.1 ot lhc Pl'A, EGTC will mobilizc its opcralion's personrrcl lo tlrc l'lant lo coordinatc thc tcsling and commissioning activities with Grid opraton.

2 monlhs prior lo thc Targct COD Gcncrator lo providc copics ofConstruclion, l csl and Conunissioning rJrrcunrcntntioI to EGTC irrcluding all OJrcration nd Mairrlcoance mr[uals in clcctronic fonnat.
Gcncrator rvill assign tlrc warrauly obligations ofthc cquipmcnt supplicd thal forms pan o[thc Conncction Facililics lo EGTC and rvill procurc lhal all assignmcnts arc receivcd prior to thc dalc of Engineer's Ccnificatc At thc Dalc ofissuance of Enginccr's Ccnificalc, as pcr Scction 1.7 ofthc PPA, EG'IC rvill Operate and nrrintain thc Conncction Facilitics at its orvn risks No latcr lhan l0 days lollorving thc issuc ofthe linginccr's Cciiflcalc, Gcncmtor, Offiakcr anrl EGTC sign llrc handovcr certihcate in thc fonn bclorv.
Failurc to sign lhc Ccnilicatc in limc, the Corurcction Frcilities rvould bc dccmcd to have bcen transfcncrl to EGTC.

6 I I il I SCIIEDULE 7 O}VNBRSIIIP STRUCTURE CIIART I. INI'I'IALSIIAREIIOLDERS (A) l,ego Globtl DMCC, a limitcd liability comflany incorporatcd undcr the larvs of Dubai rvith its rcgistcrcd officc localcd at Unil No.

1419, DMCC Busincss Ccntcr, Lcvcl No I, Jcwellcry & Gonplcr 3, Dubai.
Unitcd Arab Emiratcs (B) AVIBA AFRICA LlMff ED, a limitcd liability company incorporatcd undcr thc laws o[ Mauritius rvith its regiserut C/o AXIS Fiduciary Lttl, 2'l Floor, Thc AXIS, 26 Bank Strcst, Cybcrcity, Ebcnc 72201, Mauritius ("Aviba") 6 l. Import rnd erPort of cquipmcnt .nd mrtcrlrls wilhholding T!r SCHEDULET TAXATION G) Any Plang Machinery, Equipmcnt or Consumables which are rcquircd for use in the construction, routinc maintenance, cnhancement of capacity or ovcrhauling of capacity of the Project shall bc imported by thc Gcncrator, Shareholdcr, EPC Contrrctors, O&M Contacors or ihc Subcontractors, frec of ary import duty, Goods and Serviccs Tax and any othcr taxcs or dues collected by any Compelent Aulhorily and shall bc cligible for subsequent expon from Sicrra Leonc free of any Tax at any time.
(b) If any itcm imported into Siem Leone free of Taxes under perlgpph l(a) is subsequeotly sold within Sicna Leone by that pcrson or any pcrsoa conncctcd to thcrn at any time, tlrc Govctnmcnt may ltcn rccover from thc Pmject Party that importcd such Plant, Machincry, Equipment or Consumables such Tax ftlt would have been papblc on import had the provisions of paragraph l(a) not applicd and thc seller of such Plant, Machinery, F4uipment or Consumables shall notify thcGovcmmcnt in writing of thc idcntity of tltc buyer and the amount or valuc of drc consideration rcccived for thc salc of that ent or Consumablcs.
P (a) Paymcnts of intcrcst in conncction with the Iinarrcing of thc Project made by tbc Sharcholdcr or Gcncrator to atry Fin ncc Pafly shlll not bc taxablc at sourcc in Sicrra Leooc, E (b) Any goss dividend paymcflt madc by the Generator out of proceeds or profits derived from tlrc Projcct shall mt be taxable at source in Sierra Lcone.
(c) Othcr paymenls made by Ihc Projcct Parties (excluding for the purposes of this paragraph 2 in 0re coursc ofits busincss an S qI) 9l I I I I 3 Corpomtc tar in connection with the Pmject shall not be taxablc at sourcc ir Sierra Lcone undcr Sectioos I 17 or 120 of tbe Incorne Tax Act, 2000 (With[olding tax at source) olhcr th.n as spccifically provided in this Agrccmcnt.
Any pafncnts falling within this paragraph 2(c) which arc io exccss of$20,000 and which are mad€ to any person who is resident for tax pwposcs in Sicrra Lcone shall bc notificd in writing to thc Governmcnt, such notilication idcntiSing the rccipient of the relevant payment and the amount of that paymcrt, (d) Thc Govcrnmcot agrccs thal my paymcnts to bc made by the OfRaker to the Genemtor in connection with lhc Projectshall notbetaxable at source in Sierra Leonc.
i (c) To the extent thal a Projecl Party makes a pa)mcnt in connEction with the Projcct whiclr is subjcct to withholding in Sicrra [*onc (and for which an excmptioo is not pmvidcd pursuant to ths provisions of this Agrcqncnt) to a pffson who is residcnt in !
jurisdiction having a double tarltion (a Trealy) with siern Leone, the agre€Incnl Govcfiiment shall providc &c administrativc assislrncr€ necess!ry to enriure that the Gemntor can mate such paymenls rvith no or a reduced rate of tax at source as provided undcr thc rclcvant (a) The Shareholder, Gencrator, EPC Contractors and O&M Contractors shall be entillsd to an exemption from corporate tai.
on income from the Project received or accnred on or bcforc lhe sc*ond anniv$sary of thc crpiry of thc Tcrm, (b) No amounl pa5able or reccivable by the Projcct Parties in connection with the Projcct shall be subjecl to a ransfer pricing adjustment in Siera Leonc which is not consistent rvith the principles sct out io Articlc 9 of the OECD Model Tax Coavcntion and thc OECD Transfcr Pricing Guidelincs as amendcd from timc to timc.

s 92 .l Cepitel geinr Employee taxatlon 5 6.


Expatrirtes (c) Thc Govemment shall not withhold, rejcct or unrelsonably delay any clearances or conscnG in rcspect ofTar applied for by thc Projccr Panics to the extcnt that such cleorances or conscnts ale consislcnt wilh fiis ect.
Thc Sharcholder, Gcnerator and Finance Parties shall not b€ subjcct to tax in Sierra Lconc on any capital gain realiscd in relation to the Project, including thc sale ofall or part ofthc busincss or thc sharcs of the Gcncralor or lhc Bnployecs of the hoject Panies (ercluding for the putposes ofthis paragraph 5 any Finance Panies) working in connection wi0r the Projcct who are citizens of a country other than Sierm Lconc and who arc nol rcsident for Tax purposcs in Sicrra Leone shall be subjcct o Tar in Sicrra Lconc only on tlrcir locally rcceivcd incomc aod shall bc tarcd on that incomc at a ratc no highcr than thc samc rals applicd to cmployees with the same lsx stotus in Sierra Leone of othcr tocal companics or, if lower, thc rotc applied to cmployees with the srme tax slrtus in Sierra Leone of non-cilizcn or non-rcsidcnt companies.
For ihe avoidance ofdoubt, employees ofthe Project Porties who are citizens ofa countryother than Sierra Leone and who arc not rcsidcnt for Tax purposcs in Sicrra Lconc aod paymcnts o such pcrsons shall nor bc (a) Thc directorc, consultants and employees ofthe Frojcct Panies (excluding for the purposes of this pangraph 6 Finame Prrties) working in conncction with thc Pmject (and the childrcn, depcndans, spcuscs and civil partncrs of cach of thc foregoing) shall bc cntitled lo bring into or imporl, and lo export following or in anticipalion of the ending of their period ofresidence or wort such personal and household cffccts (including but not ercecding up to one molor vchicle per cmptolec or dircctor) in connection with the same and for any of the somc to bc promptly processed lhmugh the port of cntry or cxit, including any custors proccdurcs, &ee of all Taxes (othcr than aay prevailing ECOWAS tax which is currcntly sct at 0.5% of the value oflhe applicable goods), provided that this paragraph shall not apply to any import or export ofmotor vehiclcs by any consultant.
to NASSIT.
TD 9l 7 Goods rnd Services Tar (b) If any pcrsonal or trousehold cflcct brought into thc couarry by a pcrson free ofTarcs under paragraph 6(a) is srbsequcntly sold within Sicrra Leone by that person or any pe6on connccted to lhem, the Govcmmcnl may theo recwcr ftom fte buyer ofsuch personal or bousehold effect such Tar that would have been payable on import had thc provisions of paragnph 6(a) not applied provided thst the seller ofsuch penooal or houschold cffco shall notify the Govemmcnt in writing of rhe idcntity of ftc buycr lod lhc omout or valuc of lhc considcration rcccivcd for thc salc ofthot pcrsonal or houschold cllcct (c) For thc avoi&ncc of doubt all othergoods which arc imponcd or crportcd by thc dircctors, consulunts and cmployccs of thc Projcct Partics (and the childrcn, dcpcndants, spouscs and civil partncrs ofcach ofthe forcgoing) and which do nol lall under paragaph 6(a) shall be subject to such Taxes as arr applicable from time to time under the [-rw ofSierra Leone ond srrh administrarive practises as are adoptcd by the for tlc ofsuch (a) Subjcct to paragraph 7(d) below: ( I ) where an Exempl Project Plrty is thc rccipiort of r tlrable supply of Plant, Machinery, Equipment or Consumablcs including the supply of goods and sewices onshore and olfshore Sicna Lconc by or to an Ercmpt Project Pany for Goods and Servicss Tax purposcs undcr tlrc Law of Sierra Leone which are requircd for usc in the constructioq enhsmcment of capacily or overhauling of capacity or (in rcspcct of a roceipt of a tarablc supply of Consumables only) the operation of the Projec[ or (2) whcre a Non-Resident Exempt Projcct Party is lhe rccipicnt of a taxable supply of servicss in conncction with rhc Pmject, 6 then the supplicr making that supply must reat that supply as if it wcre a zero-raled supply for Goods and Services Tax purposes and all conscquenccs will follow for thc supplier and thc rclcvant Excmpt Projcct Party as if it wcrq such a zcro-rated supply.
Any taxablc supply which a Non Residcnt Excmpt Pmjccl Pafty is trcalcd ss msking by virtue of being a recipient of a supply of imponed scwices in connection with fic Projcct shall be treatcd as if it were a zero ratcd supply for Goo& and Services Tax purposes.

Il this paragraph (a), thc cxpr,essions "input tor.

", 'ftaxablc supply" and "zcrontcd'shall havc thc same mcaaing as thcy do in thc Coods and Servicc T8x Act, 2009.
(b) Notwithslanding pangraph 7(a) abow, if and to th€ crtsnt lhat aa Eranpt Projecl Pqrty incurs any amount of inpua ttx (othcr than input iax fallirg within pangraph 7(d) below) imposcd undcr thc Laws of Sicna Lconq in conncction with thc Projcct, thc Compctcnl Authority shall, on that Exempt Projcct Party's requcsL promptly refund thc relcvant Excmpt Projcct Party in full for all such arnounls.
(c) The Competent Authority shall pey any input tax rcfund due to aa Exempt Projecl Pany undcr paragraph 7(b) witbin four months ofthat Excmpt Projcct Party rcquesting lhc rcn nd.
If the Compctcnl Au0nrity docs not pay thc input tax refund within that four month timc limit, any amount of unpaid input tax refund shall immedialcly and lo th€ fullesl extcnt possiblc be set-off against atry other Tax which is duc and payable by that Exempt Project Pany in Sierra Lconc or my Tax imposed by Sierra Leonc which is required to be withlreld at source &om any paymatt made by lhat Projest Party.
(d) Pangraph (a) above shall nol apply in respcct of Goods and Scwiccs Tax imposcd on lhc importation or purchase of any goods or services, whcrc thc provisiom of paragraph l(a) shall instead apply and for the avoidance of doubt where an does not a 6 9!

I Rcsidence 8 I I Confirmrtiou 9. exemptior!

such imporl or pufuhase shall be subjcct lo Goods and Services Tax in accordance with the general position under the Laws of Sicrra Lcooc.
For the Purpos€s of tbis paragraph 7 "Ercmpt Projcct Partics" comprises only thc Gcncrator, Sharcholder, EPC Contractors, O&M Contraclors, and the Subcontaclors includiag any EPC Contrsclors, O&M Contractors and Subconlractors that ate incorporalcd onshorc or olTshorc Sicrra Lconc and 'Non-Rcsidcnt Excmpt Projcct Parties" compriscs only Excmp Projcct Partics that arc not resident for Tax purposcs in Siena Lcone ard which do not havc a pcrmanent establislrment in Sierra Leone, (a) Subjcet to paragraph E(b) bclow, nonc of tbc Financc Partics rcr thc Sharcholdcr shall bc, or bc dccmcd lo bc, rcsident, domicilcd or carrying on busincss (whcthcr firough a pcrmancnt cstablishmcnt or otherwise) in Sierra Leone solely by rcason of the crecution, delivery, performance or enforcemcnt of the hoject Documents or tbe Finance Documents or in rcspect of thc carrying out of any part of thc Project.
No Sub Conlractor or EPC Contractor or O&M Contractor who would not othcrwisc be rcsidcnt, domiciled or carrying on busincss through a pcrmancnt establishmcnt in Sicrra Leonc shall bc rcsidcnt, domiciled or carrying on busincss through a pcrmrtnent establishment in Sierra Leone solcly by reason ofwor* rvhich thcy carry on in connection with thc Project.
I (b) Pamgaph t(a) shall not apply to rcmovc any liobility for NASSIT, whcre lhc provisiors of paragraph 5 shall instead apply, or act to exlend the exclusion sel out in pnragraph l(r) or 7(a) in resplct ofany t x on import or Goods and Services Tax i Thc Govcmment hercby inevocably and I unconditionally agrees in the rerms ofthis Schedule: I (a) to waive for the period of the Term plus two years its rithts in rcspcrt of Tax insofar as thcy are incoosistcnt witb thc tenrxr sct out in this Schcdule 8 and I : I 6 Purpose il No double rccovcr:r rnd no miswe provisions O) for thc pcriod otthe Tcrm plus two years not to scek to rccovcr Tax from thc Project Partics insofar as such recovcry would bc inconsistent with thc tcrms sct out in this Schcdulc 8.
The Partics to this Agrs€mcnt hcreby acknowlcdge and agrcc that the exemptions from tax as sct out in this Schcdule t have bcen providcd solely for the dcvclopment, opcration and funding of the Projc'ct and sholl not apply for any othcr purposc or in relation to any olhcr activity and no tcrm of tlris Agrcement shalt restrict or prcvcnt thc Government from excrcising any powers it may have from time to time to inyestigate and ensure thc cxemptions are in accordance with this Schedule 8. a (a) To thc crtent that claims can bc made (in respect of thc same facts or circumstances) by the Gcnerator both for brEach of fte Govemmcnt's agreemenl in this Schedulc and also under in the cvcnt ofincrcased costs (ignoring any de minimis thrcshold on such claims when determining whclhcr a claim for increascd cons can bc madc), thcn claims cannot be madc for breach of this Schcdule to tllc cxtcnt &at thc Gcncrator would havc bcen unablc to rccowr undcr any othcr provisions sohly by virtue of t}e applicable de minimis threshold that applics to such claim.
(b) ln relation to paragraph 7(b) abovc (paymcnt in rcspcct of Ooods and Scrviccs Tax) no paymcnt shall bc madc to thc cxtcnt thlt fic rslevant Projcct Pady has alrcady rccovcrcd an amounl rcprcsenting or in respcct ofsuch input lax from a Comp€tent Authority.

If poymcnt is modc undcr paragraph 7(b) the Prcject Parties agree to waive their rights to claim for or in respcct of such amounts urdcr Law rnd agrcc not to claim forsuch amounts undcr Law' (c) Thc Genentor shall ensurc tha!
through each EPC Contract, cach O&M Conlract, cach EFC Contractor, each O&M Controctor agrce: (l) to act in accordance with and be bound by Oe provisions of pamgraphs l(b), I lO) and I l(d) of this Schodulc 8; (2) procure that 6e Subcontrastom are bound undcr the tcrms of their contracts with each 6 9' EPC Contracor and O&M Contraclor or othcr Subcontnctors (as applicablc) to act in aeordancc with and be bound by the provisions of paragraphs l(b), Il@) and I l(d) of this Schcdulc 8, and the Genemtor shall usc all rrasonable endeavourc to enforce such obligotions and require each EPC Contractor, each O&M Contractor, and Subcontraclors (as applicable) to enforce such obligations, ond shall use all rcasonablc erdcavours to give the Govcrnmcrt dircct rights to enforcc sucb obligations against each EPC Conlra€tor, and cach O&M Contraclor.
(d) Wilhotrt prcjudice to paragraphs (a), (b) and (c) abovc or to Clausc 18.20 (No Doublc Rccovcry), in rcspect of any liability which may give risc to a right of a Projcct Pany 1o rccovcr damages or obtain paymcoa, rcimbursemco!
rcslitution or indemnity (including through changes in thc Tariff) (whcthcr undcr lhis Agrccmant, any Project Document, righs under Law or othcrwise): (l) no such liability sttlll bc met morc lhar oncc; and (2) to rhc cxtent that such liabilily is satislied by way of a claim pursuant lo rights othcr than thosc providcd in this ScMulc, any amounl payablc pursuant to this Schodule in respcct of thc samc matter is rcduccd accordingly, and vicc vqsa (c) Without prcjudice o any olher righb and remcdies that thc Govcmmcut EBy have, in the event lhd a Prcjcct Party is found to havs failcd to comply wilh the law rclatint to Tax (as modilied by this Schcdulc), olhcr than wilh thc express writlcn agreemenl of the Oovemmeot, and: (l) such Pmjcct Party or any of their prcssnt or forrnc.r dircctors, officgrs or cmployc.cs or consultants was aware that the 6 9l had failed to comply with thc Law relating to Tax (as modified by this Schedule); and (2) lhc amount ofTax in Sierra Lconq thrt was not assessed and which should hsve been asscssed had the Law (as modificd by this Schedule) bectr corectly applicd erceeds in aggregate (being the aggrcAte of all such failures by drat Projecl Party) US$300p00, then that Project Pany shall cease to benefit tom the provisions of this Schcdulc 8 with elfcct from the date of the failurc that triggered thc opcrathn of this paragraph I l(e).
The Padics ackmwlcdgc that if the Govcmrncnt wishcs to cnforcc thc provisiom of this Paragnph I l(c) the burdcn of proof in cstablishing that this Paragraph I l(e) applies shall in the rirst instance fall on lhc Govcrnment.
(f) In thc cvent that lrrangcmcnts arc sDtcrcd into with the intention of cxtcnding the scope of lhe bcnefit ofthe provisions of this Schedulc either to persons who would not or lransactions which would not, absent such arrangemenls, bc cntitled to bcnclit from the provisioos of this Schedulc, lhco thc arrangcmcnts arc not to achicvc tlnt cflect and this Schsdule shall bc applicd as if ths urangcficnts had not bceo cnterEd into.
In ihis paragraph 'arrangemcnts" includes any agrecmeng undcrstanding, scheme, transsclion or series of transactions (whethcr or not legally enforceablQ.

(g) This Schcdulc 8 shall not waiye, rcducc, rcmovc or limit any liability for or in respcct Taxcs oo ot in respect of pehol, diescl, HFO, LFO or othcr fucl.
Subcontrrctors The Generator shall prompdy, ad in any cvcnt within 20 Business Days, notify thc Govemmort in writing: (a) whcn r psrson bccomes a subcoDlractor undcr with of thc defioition of limb 0'!)
9r such mtilication to include (i) the date on which thcy bccrmc such a subcontractor and (ii) reasonablc details of the goods or scrvices that will bc subject to rslief, cxemption or waivcr in accordancc with rhis ScMulc 8 (rhc "Ercmpt List"); and (b) when a person cesses to be a subcontractor undcr limb (e) of thc dcfinition of Project Panics for wbatevcrrcasoq including but not limitod to as a rcsult ofi (t) the subcontractor haviog fullilled all is obligations under thc relevart subcontract; or (2) thc cxpiry or tcrmination of thc rclcvaot subcontract.
(c) Thc Generator shall be entitlcd to updatc as often as reasonabty nccesssry thc Exempt List providcd in rcspcct ofa givcn subconlracror, by way of writlcn noticc lo thc Govcmment, providcd that (i) such writtcn noticc shall contain lhc updatcd Excmpt List with rcasonable details of the goods or services that will be subject to rclief, exemption or waiver in accordance with this Schedule 8 for such subcontractor and (ii) such updated Exempt List shall be taken (for the purposes ofthc definition of Subcontrsetor) to replace the preccding Ercmpt List 20 Busincss Days aftcr reccl lhc Govcmmcnt.
t3 Dclinitions ln this Schedule: Compctent Authorltles means the Govcmm€nt and anybody which is rcsponsible for or otherwise conccmed in ths implementation of the Govcmrncnt's obligations under lhis Agrecment including, without limitstion, local councils, statutory bodics, Custorns, the Natioool Rcvenuc Authority and any authority with the power to issuc Pcrmits but cxcluding, for the avoidance ofdoubt, professionrl advisers 6 rol Consumrbles means only the following goods used by the Generator in crecting, processing, handling and preparing the infrastructurE ofthe Projcct, producing powcr, tra$portirg personnel and equipmcnt, repairing and mointaining thc infrostrucNrc ofafld (whcrc rclcvant) thc opcration of the Project: a. acccssorics, sparc parts and appliances for usc cxclusively with any of limbs a) to k) ofthc definition of'Plrnt, Machinery aud Equipment" in relation to the Project; b. slorcs and accessories, lubricans and applianccs for usc erclusivcly wilh ony of thc of limbs a) to k) oflhe dcfinition of "Plant, Machinery and Equipmenl"; and c. including all sparc parts, coDsumables and any other plant or machinery imponed for the purposcs of roulinc moinacnancc in rcspc$t ofthc Projcct, providcd that, notwithstanding limbs (a) and (b) abovc, Consumablcs docs not includc fmdstuffs.
Goods rod Scrvlccr Tar is a Tax undcr this Agrcr:mcnt and means any tax imposcd undcr thc Goods aod Scrviccs Tax Act, 2fi)9 Plrnt, Mschhcry, Equipmcrt mcans all machiacry, plant and cquipmcnt uscd by thc Gcrrcmtor in erccting, proccssing, handling and preparirg thc infrastructurc ofthc Project, producing powcr, lransporting personnel and cquipment, and repairing and maintaining the infrastructure of the Project, including, without prejudicc to thc gcncrality of the foregoing: (a) cons[uclion matcrisls for the Project and ancillary facilitics; (b) gcocration plant, iocluding transformcrs; (c) distribution equipmcnt aad vehicles used ia and ancl to their {-, l0l (d) power generating and distributing equipment, solar panels and flood lights; (e) rcscuc and mcdicll cquipmcn!
mobilc and Iixcd lire protoction cquipmcnt; (f) camp cquipmcnt, prc-fabric.ted 8nd containcriscd accommodation and olliccs, frrmiture, communicatio!
tystcfirs, communications equipmcnl, computers, prinle6, plotlcrs and softwarc; (g) water ireatment and storagc facilities and associated rcticulation (including thc production of ponable woter); (h) sewage treatmcnt snd storage facilities and associatcd rcticulation; (i) wortshop cquipmcnt including tools sets, workhg bcnches, lillirg cquipmcnt, ory-scctylcnc sets, wclding machhcs, comprcssors, larhes, milling machines, cutting machin€s, grinders, ory-acetylene bottles atrd compressors; () fucl storage, conveying, pumps, piping, handling and packagiag cquipmcnt; (k) including all sparc parts, coosumablcs and any othcr plant or machincry importcd for thc purposes ofroutinc maintcnance in respcct of the Project; Subcontracaor mcans a pcrson: (a) who is and continucs to be a subcontractor undcr limb (f) otthc dcfinition ofProjcct Parties: and (b) in rcspect of whom lhe Govcmment has received notification under paragraph l2(a) above and in respect ofwhom no Dolification under paragraph l2{b) above has been received; and (c) whose conract (by virtue of which they fall within limb (c) of thc defrnition of Project Partics) is consistent with and conforms with lhe rcquircmcnts sct out in paragraph I l(c) ofthis Schcdule, 6-, l0: to the provisions provided lhat, without pr€judicc of lhis Schedulc E, an entity shall only be capable of being a Subcontractor for the purposes of this Schcdule E in rcspect ofgoods and services listcd in thc Excmpt List providcd by lhc Gcnerator lo thc Govcmment io rcspcct of that cntity.
Surviving Trr Provisions means the provisions at paragraphs l(b) and I I of Schcdulc 8.
Trr includcs all prcsent and futue taxea charges, imposts, dutics, levies, customs duties, excisq dcducrions or witiholdings ofany kind whatsocver, or any other lax or charge having the effect of a tax, or any amount payable on account of or as sccurity for any of lhe foregoing, by whomsoever on whomsocvcr and wherevcr imposcd, levied, collcclcd, wilhhcld or arscssed, togcthcr with any pcnrltics, additions, fincs, surchargcs or intercst rclating thercto and Taxes and Taxation shall be cooslrucd Eccordin8ly.
Gener.l ialerpret.aioo provisions: Thc tcrm plant whcn uscd in this Schcdulc 8 includcs prcfabricatcd fixturcs cnd struclurcs, as wcll as spccial purposc vchiclcs such as utility vehicles, scissor lills, service vehicles, pcrsonnel carricrs, fuel rucks and rescue vehicles and water trucks.

The lerm machinery means machinery consisting of a combination of moving pars and mechanical clemcnts, which may be put in motion by physical or mcchanical force.
A person shall be deemed to bc connected with anothcr if that pcrsoo is conncctcd with anothcr within thc mcaning of scction I 122 of the Corporation Tar Act 2010, or, in the casc ofan individual, any person conncctcd with him within thc meaning ofsestions 252 to 254 of the Companies Act 2fi)9?.

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SCHEDULE 9 POWER PURCHASE AGREEMEI{T 6 lor