Document:

EX-10.5

  

 
 Exhibit 10.5 

IIC LOAN NUMBER 12063-01 

IDB LOAN NUMBER 3778C/OC-AR 

C2F LOAN NUMBER 3778/CA-AR 

Loan Agreement 
 between

 CP LA CASTELLANA S.A.U. 

INTER-AMERICAN INVESTMENT CORPORATION 

INTER-AMERICAN INVESTMENT CORPORATION, acting as agent for the INTER- 

AMERICAN DEVELOPMENT BANK 

and 
 INTER-AMERICAN
INVESTMENT CORPORATION, as agent acting on behalf of the 
 INTER-AMERICAN DEVELOPMENT BANK, in its capacity as administrator of the

 CANADIAN CLIMATE FUND FOR THE PRIVATE SECTOR IN THE AMERICAS 

Dated as of October 20, 2017 
  

 
  

 TABLE OF CONTENTS 

 

									
	Article/ Section
                                         
                                         
                      Item	  	  
	 	  	Page No.	 
	ARTICLE I	  				  	 
	4
	 

			
	Definitions and Interpretation	  				  	 	4	 
			
	 Section 1.01. Definitions
	  				  	 	4	 
	 Section 1.02. Financial Calculations; Interpretation; Business Day Adjustment.
	  				  	 	8	 
	 Section 1.03. Conflict with Common Terms Agreement
	  				  	 	8	 
			
	ARTICLE II	  				  	 	8	 
			
	The IDB Group Loan	  				  	 	8	 
			
	 Section 2.01. The Loan
	  				  	 	8	 
	 Section 2.02. Disbursement Procedure
	  				  	 	8	 
	 Section 2.03. Interest
	  				  	 	9	 
	 Section 2.04. Repayment
	  				  	 	10	 
	 Section 2.05. Prepayment
	  				  	 	14	 
	 Section 2.06. Fees and Other Payments
	  				  	 	15	 
	 Section 2.07. Currency and Place of Payments
	  				  	 	15	 
	 Section 2.08. Suspension and Cancellation
	  				  	 	15	 
			
	ARTICLE III	  				  	 	16	 
			
	Common Terms	  				  	 	16	 
			
	 Section 3.01. Representations and Warranties
	  				  	 	16	 
	 Section 3.02. Conditions of First Disbursement
	  				  	 	16	 
	 Section 3.03. Conditions to All Disbursements
	  				  	 	16	 
	 Section 3.04. Covenants
	  				  	 	17	 
	 Section 3.05. Events of Default.
	  				  	 	17	 
			
	ARTICLE IV	  				  	 	17	 
			
	Miscellaneous	  				  	 	17	 
			
	 Section 4.01. Notices.
	  				  	 	17	 
	 Section 4.02. Term of Agreement.
	  				  	 	17	 
	 Section 4.03. Saving of Rights.
	  				  	 	17	 
	 Section 4.04. Enforcement.
	  				  	 	18	 
	 Section 4.05. Successors and Assignees
	  				  	 	18	 
	 Section 4.06. Disclosure of Information
	  				  	 	18	 
	 Section 4.07. Amendments, Waivers and Consent
	  				  	 	18	 
	 Section 4.08. Counterparts
	  				  	 	18	 
	 Section 4.09. English Language
	  				  	 	18	 

  
 2 

			
	ANNEX A:	  	C2F LOAN SPREAD ADJUSTMENT CONDITIONS
	EXHIBIT 1	  	FORM OF BORROWER’S C2F INTEREST ADJUSTMENT REQUEST

  
 3 

 LOAN AGREEMENT 

LOAN AGREEMENT (the “Agreement”) dated as of October 20, 2017, between: 

 

	(1)	CP LA CASTELLANA S.A.U., a sociedad anónima unipersonal organized and existing under the laws of the Republic of Argentina (the “Borrower”); 

 

	(2)	INTER-AMERICAN INVESTMENT CORPORATION, an international organization established by the Agreement Establishing the Inter-American Investment Corporation among its member countries, in its capacity as lender of the IIC A
Loan (“IIC”); 

  

	(3)	IIC, acting as agent for the INTER-AMERICAN DEVELOPMENT BANK, an international organization established by the Agreement Establishing the Inter-American Development Bank among its member countries, in its capacity as
lender of the IDB A Loan (“IDB”); and 

  

	(4)	IIC, as agent acting on behalf of the INTER-AMERICAN DEVELOPMENT BANK, in its capacity as administrator of the CANADIAN CLIMATE FUND FOR THE PRIVATE SECTOR IN THE AMERICAS, in its capacity as lender of the C2F Loan
(“C2F”, and together with IIC and IDB, the “Lenders”). 

 RECITALS 

The Borrower is undertaking the development of the Project; 

The Borrower has requested the Lenders to provide the loans described in this Agreement to finance the development of the Project and certain other costs and
expenditures associated with the development of the Project; 
 On or about the date hereof, the Borrower, the Lenders and certain other parties have
entered into the Common Terms Agreement; and 
 The Lenders are willing to provide those loans upon the terms and conditions set forth in this Agreement and
the Common Terms Agreement. 
 ARTICLE I 

Definitions and Interpretation 

Section 1.01. Definitions. Wherever used in this Agreement, and except as otherwise defined herein, terms defined in the
Common Terms Agreement (as defined below) shall have the meaning ascribed to them therein, and the following terms have the meanings opposite them: 

“Adjusted C2F Loan 

  
 4 

			
	Spread”	  	the First Adjusted C2F Loan Spread, the Second Adjusted C2F Loan Spread, or the Third Adjusted C2F Loan Spread, as applicable;
		
	“C2F Interest	  	
	Adjustment Request”	  	a request for reduction substantially in the form of Exhibit 1;
		
	“C2F Loan”	  	the loan specified in Section 2.01(c) (The IDB Group Loan) or, as the context requires, its principal amount from time to time outstanding;
		
	“C2F Loan Disbursement”	  	any disbursement of the C2F Loan;
		
	“C2F Loan Spread	  	
	Adjustment Request Period”	  	means the period: (i) in respect of the Initial Reduction, following the first Disbursement of the C2F Loan until the date that is forty-five (45) days prior to the Interest Payment Date falling on November 15, 2018,
(ii) in respect the Second Reduction, commencing from the date of the Initial Reduction until the date that is forty-five (45) days prior to the Interest Payment Date falling on November 15, 2019 so long as the Initial Reduction has been
granted; or (iii) in respect of the Third Reduction, commencing on the date from the Second Reduction until the date that is forty-five (45) days prior to the Interest Payment Date falling on November 15, 2020 so long as the Second
Reduction has been granted;
		
	“Common Terms	  	
	Agreement”	  	the agreement entitled “Common Terms Agreement” dated on or about the date hereof among the Borrower, Inter-American Investment Corporation (“IIC”), IIC acting as agent for the Inter-American Development Bank
(“IDB”), IIC as agent acting on behalf of IDB, in its capacity as administrator of the Canadian Climate Fund for the Private Sector in the Americas (“C2F”) and International Finance Corporation (“IFC”);
		
	“Disbursement”	  	an IIC A Loan Disbursement, an IDB A Loan Disbursement or a C2F Loan Disbursement, individually or collectively, as the context requires;
		
	“Disbursement Swap Market	  	
	Fixed Rate”	  	in respect of a Disbursement of the IDB Group Loan, the fixed rate quoted in the Dollar swap market on the Interest Determination Date for the initial Interest Period for such Disbursement as being payable in respect of interest at
LIBOR for the amount of such

  
 5 

			
		  	Disbursement, as determined by IDB on the basis of one firm quotation from a dealer in the Dollar swap market selected by IDB in good faith, taking into consideration the repayment schedule set forth in Section 2.04
(Repayment) and the final maturity date (with any necessary determinations being made by IDB);
		
	“Fee Letter”	  	each fee letter agreed between the Borrower and IIC setting forth fees payable by the Borrower in connection with the IDB Group Loan;
		
	“First Adjusted C2F	  	
	Loan Spread”	  	three percent (3.00%) per annum with respect to the C2F Loan;
		
	“Fixed Rate	  	
	Prepayment Fee”	  	means an amount in Dollars determined by IIC in its sole discretion in relation to the IIC A Loan and the C2F Loan that is equal to the theoretical cost of breakage of funds, termination costs and other unwinding costs, if positive,
related to the IIC A Loan and the C2F Loan, taking into account the principal repayment schedule, the first scheduled IIC A Loan and C2F Loan repayment date and the IIC A Loan and C2F Loan final maturity date and any variations in the LIBOR curve
(with any necessary determinations being made by IIC);
		
	“IDB A Loan”	  	the loan specified in Section 2.01(b) (The IDB Group Loan) or, as the context requires, its principal amount from time to time outstanding;
		
	“IDB A Loan Disbursement”	  	any disbursement of the IDB A Loan;
		
	“IDB Group Loan”	  	collectively, the IIC A Loan, the IDB A Loan and the C2F Loan or, as the context requires, the principal amount of the IIC A Loan, the IDB A Loan and the C2F Loan outstanding from time to time;
		
	“IDB Group Loan	  	
	Fixed Rate”	  	the interest rate determined as specified in Section 2.03 (Interest);
		
	“IIC A Loan”	  	the loan specified in Section 2.01(a) (The IDB Group Loan) or, as the context requires, its principal amount from time to time outstanding;
		
	“IIC A Loan Disbursement”	  	any disbursement of the IIC A Loan;
		
		  	

  
 6 

			
		
	 “Initial C2F Loan
 Spread”
	  	three and one half of one percent (3.50%) per annum with respect to the C2F Loan;
		
	“Initial Reduction”	  	means a reduction of the Initial C2F Loan Spread by one half of one percent (0.5%);
		
	“Interest Rate”	  	the IDB Group Loan Fixed Rate;
		
	“Offshore Construction	  	
	Account”	  	has the meaning assigned to that term in the Offshore Accounts Agreement;
		
	“Payment Account”	  	JPMORGAN CHASE BANK in New York, New York, United States of America, Account No: 323 373844, ABA:02100021, SWIFT: CHASUS33, Ref OPR# 12063-01, or such other bank or account in New York as IIC
from time to time designates;
		
	“Relevant C2F Loan	  	
	Spread”	  	the Initial C2F Loan Spread or the Adjusted C2F Loan Spread, as reduced in accordance with Section 2.03(d) (Interest);
		
	“Relevant IIC A Loan	  	
	and IDB A Loan Spread”	  	five and one quarter of one percent (5.25%) per annum with respect to the IIC A Loan and the IDB A Loan;
		
	“Relevant Repayment	  	
	Schedule”	  	each repayment schedule set forth in Section 2.04(a), Section 2.04(b) and Section 2.04(c) (Repayment);
		
	“Relevant Spread”	  	the Relevant C2F Loan Spread and the Relevant IIC A Loan and IDB A Loan Spread;
		
	“Second Adjusted C2F	  	
	Loan Spread”	  	two and three quarters of one percent (2.75%) per annum with respect to the C2F Loan;
		
	“Second Reduction”	  	means a reduction of the First Adjusted C2F Loan Spread by one quarter of one percent (0.25%);
		
	“Third Adjusted C2F	  	
	Loan Spread”	  	two and one half of one percent (2.50%) per annum with respect to the C2F Loan; and
		
	“Third Reduction”	  	means a reduction of the Second Adjusted C2F Loan Spread by one quarter of one percent (0.25%).

  
 7 

 Section 1.02. Financial Calculations;
Interpretation; Business Day Adjustment. (a) This Agreement is the IDB Group Loan Agreement referred to in the Common Terms Agreement. 

(b) Sections 1.02 (Financial Calculations), 1.03 (Interpretation) and 1.04 (Business Day Adjustment) of the Common Terms
Agreement shall apply herein, mutatis mutandis, as if set out in this Agreement in full (and as if each reference therein to “each Senior Lender”, “any Senior Lender” or “the Senior Lenders” were a reference to
the Lenders and each reference to “this Agreement”, “the Financing Documents” or “the Transaction Documents” were a reference to this Agreement). 

(c) In the context of this Agreement, and except as otherwise provided in this Agreement, any reference to a time of day is a reference to New
York, New York time. 
 (d) In the context of this Agreement, and except as otherwise provided in this Agreement, any reference to “the
date of this Agreement” or any similar reference, is a reference to the date of execution of this Agreement. 
 Section 1.03.
Conflict with Common Terms Agreement. In the event of any conflict between the terms of this Agreement and the terms of the Common Terms Agreement, the terms of this Agreement will prevail as between the parties to this Agreement. 

ARTICLE II 
 The IDB
Group Loan 
 Section 2.01. The IDB Group Loan. Subject to the provisions of this Agreement and the Common Terms
Agreement (including Section 2.02 (Disbursement Procedure), Section 4.01 (Conditions of First Disbursement) and Section 4.02 (Conditions of All Disbursements) of the Common Terms Agreement): 

(a) IIC agrees to make available the IIC A Loan, being ten million Dollars ($10,000,000); 

(b) IDB agrees to make available the IDB A Loan, being twenty-one million Dollars ($21,000,000); and

 (c) C2F agrees to make available the C2F Loan, being five million Dollars ($5,000,000). 

Section 2.02. Disbursement Procedure. Subject to the requirements of Section 4.01 (Conditions of First
Disbursement), Section 4.02 (Conditions of All Disbursements) and Section 4.03 (Borrower’s Certification) of the Common Terms Agreement, on the date of Disbursement, IIC shall remit the amount specified
in the Disbursement Request in immediately available funds to the Offshore Construction Account, all as specified by the Borrower in the relevant Disbursement Request. 

  
 8 

 Section 2.03. Interest. Subject to Section 2.04 (Default Interest
Rate) of the Common Terms Agreement, the Borrower shall pay interest on the IDB Group Loan in accordance with this Section 2.03: 

(a) During each Interest Period, the IDB Group Loan (or, with respect to the first Interest Period for each Disbursement, the amount of that
Disbursement) shall bear interest at the applicable Interest Rate for that Interest Period. 
 (b) Interest on each of the IIC A Loan, the
IDB A Loan and the C2F Loan shall accrue from day to day, be prorated on the basis of a 360-day year for the actual number of days in the relevant Interest Period and be payable in arrears on the Interest
Payment Date immediately following the end of that Interest Period; provided that with respect to any Disbursement made less than fifteen (15) days before an Interest Payment Date, interest on that Disbursement shall be payable commencing on
the second Interest Payment Date following the date of that Disbursement. 
 (c) The fixed interest rate applicable to each Disbursement of
the IDB Group Loan shall be the rate that is the sum of the Disbursement Swap Market Fixed Rate as of the relevant Interest Determination Date plus the Relevant Spread. 

(d) The Borrower may request up to three (3) reductions of the Relevant C2F Loan Spread, by delivering to IIC a C2F Interest Adjustment
Request during the C2F Loan Spread Adjustment Request Period. IIC shall grant the following reductions requested by the Borrower pursuant to this Section 2.03(d) upon IIC’s determination, that each of the relevant conditions for each
reduction has been met; provided that such determination, shall be made no later than thirty (30) days after receipt of the relevant C2F Interest Adjustment Request, which period shall not commence until IIC has received all information
it requests concerning such C2F Interest Adjustment Request, and if not so made, such request shall be deemed denied: 
  

	 	(i)	the Initial Reduction shall be granted upon IIC’s determination of the satisfaction of the conditions set forth in Part I of Annex A (C2F Loan Spread Adjustment Conditions; Conditions of Initial Reduction);

  

	 	(ii)	the Second Reduction shall be granted upon IIC’s determination, of the satisfaction of the conditions set forth in Part II of Annex A (C2F Loan Spread Adjustment Conditions; Conditions of Second Reduction);
and 

  

	 	(iii)	the Third Reduction shall be granted upon IIC’s determination, of the satisfaction of the conditions set forth in Part III of Annex A (C2F Loan Spread Adjustment Conditions; Conditions of Third Reduction).

  
 9 

 (e) Any reduction of the Initial C2F Loan Spread or the Adjusted C2F Loan Spread, as applicable,
approved by IIC, shall be effective commencing on the first day of the Interest Period starting on the Interest Payment Date falling on November 15 of the relevant year, until the date that is thirty-six
(36) months after the date in which the Initial Reduction became effective, provided that: 
  

	 	(i)	in the event IIC, in its sole discretion, determines that the Borrower has satisfied each of the conditions set forth in Part IV of Annex A (C2F Loan Spread Adjustment Conditions; Conditions for Maintaining the
Reduction) during the twelve-month period after the C2F Loan Spread Adjustment Request Period has elapsed, the Adjusted C2F Loan Spread shall remain in place for an additional twelve-month period; and 

 

	 	(ii)	in the event (A) the extension in (i) above is granted, and (B) IIC, in its sole discretion, determines that the Borrower has satisfied each of the conditions set forth in Part V of Annex A (C2F Loan
Spread Adjustment Conditions; Conditions for Maintaining the Reduction) during the twelve-month extension granted in (i) above, the Adjusted C2F Loan Spread shall remain in place for the remaining term of the C2F Loan. 

(f) [Reserved.] 
 (g) The
provisions of Section 2.03 (Interest; Market Disruption) of the Common Terms Agreement shall also apply to the determination of the Interest Rate under this Agreement. 

(h) The Interest Rate shall be subject to adjustment upon the occurrence of a Market Disruption Event as provided in Section 2.03
(Interest; Market Disruption) of the Common Terms Agreement. 
 (i) The determination by IIC, from time to time, of the applicable
Interest Rate shall, absent manifest error, be final and conclusive and binding on all parties to this Agreement. 
 Section 2.04.
Repayment. (a) Subject to Section 1.04 (Business Day Adjustment) of the Common Terms Agreement, the Borrower shall repay the IIC A Loan on the following Interest Payment Dates and in the following amounts (expressed as
a percentage of the amount of the IIC A Loan disbursed as of the First Repayment Date): 
  

			
	 Interest Payment Date
	  	Principal Amount Due (%)
	 2/15/2019
	  	1.92%
	 5/15/2019
	  	1.92%
	 8/15/2019
	  	1.92%
	 11/15/2019
	  	1.92%
	 2/15/2020
	  	1.92%
	 5/15/2020
	  	1.92%
	 8/15/2020
	  	1.92%
	 11/15/2020
	  	1.92%
	 2/15/2021
	  	1.92%

  
 10 

			
	 5/15/2021
	  	1.92%
	 8/15/2021
	  	1.92%
	 11/15/2021
	  	1.92%
	 2/15/2022
	  	1.92%
	 5/15/2022
	  	1.92%
	 8/15/2022
	  	1.92%
	 11/15/2022
	  	1.92%
	 2/15/2023
	  	1.92%
	 5/15/2023
	  	1.92%
	 8/15/2023
	  	1.92%
	 11/15/2023
	  	1.92%
	 2/15/2024
	  	1.92%
	 5/15/2024
	  	1.92%
	 8/15/2024
	  	1.92%
	 11/15/2024
	  	1.92%
	 2/15/2025
	  	1.92%
	 5/15/2025
	  	1.92%
	 8/15/2025
	  	1.92%
	 11/15/2025
	  	1.92%
	 2/15/2026
	  	1.92%
	 5/15/2026
	  	1.92%
	 8/15/2026
	  	1.92%
	 11/15/2026
	  	1.92%
	 2/15/2027
	  	1.92%
	 5/15/2027
	  	1.92%
	 8/15/2027
	  	1.92%
	 11/15/2027
	  	1.92%
	 2/15/2028
	  	1.92%
	 5/15/2028
	  	1.92%
	 8/15/2028
	  	1.92%
	 11/15/2028
	  	1.92%
	 2/15/2029
	  	1.92%
	 5/15/2029
	  	1.92%
	 8/15/2029
	  	1.92%
	 11/15/2029
	  	1.92%
	 2/15/2030
	  	1.92%
	 5/15/2030
	  	1.92%
	 8/15/2030
	  	1.92%
	 11/15/2030
	  	1.92%
	 2/15/2031
	  	1.92%
	 5/15/2031
	  	1.92%
	 8/15/2031
	  	1.92%
	 11/15/2031
	  	2.08%

  
 11 

 (b) Subject to Section 1.04 (Business Day Adjustment) of the Common Terms Agreement,
the Borrower shall repay the IDB A Loan on the following Interest Payment Dates and in the following amounts (expressed as a percentage of the amount of the IDB A Loan disbursed as of the First Repayment Date): 

 

			
	 Interest Payment Date
	  	Principal Amount Due (%)
	 2/15/2019
	  	1.92%
	 5/15/2019
	  	1.92%
	 8/15/2019
	  	1.92%
	 11/15/2019
	  	1.92%
	 2/15/2020
	  	1.92%
	 5/15/2020
	  	1.92%
	 8/15/2020
	  	1.92%
	 11/15/2020
	  	1.92%
	 2/15/2021
	  	1.92%
	 5/15/2021
	  	1.92%
	 8/15/2021
	  	1.92%
	 11/15/2021
	  	1.92%
	 2/15/2022
	  	1.92%
	 5/15/2022
	  	1.92%
	 8/15/2022
	  	1.92%
	 11/15/2022
	  	1.92%
	 2/15/2023
	  	1.92%
	 5/15/2023
	  	1.92%
	 8/15/2023
	  	1.92%
	 11/15/2023
	  	1.92%
	 2/15/2024
	  	1.92%
	 5/15/2024
	  	1.92%
	 8/15/2024
	  	1.92%
	 11/15/2024
	  	1.92%
	 2/15/2025
	  	1.92%
	 5/15/2025
	  	1.92%
	 8/15/2025
	  	1.92%
	 11/15/2025
	  	1.92%
	 2/15/2026
	  	1.92%
	 5/15/2026
	  	1.92%
	 8/15/2026
	  	1.92%
	 11/15/2026
	  	1.92%
	 2/15/2027
	  	1.92%
	 5/15/2027
	  	1.92%
	 8/15/2027
	  	1.92%
	 11/15/2027
	  	1.92%

  
 12 

			
	 2/15/2028
	  	1.92%
	 5/15/2028
	  	1.92%
	 8/15/2028
	  	1.92%
	 11/15/2028
	  	1.92%
	 2/15/2029
	  	1.92%
	 5/15/2029
	  	1.92%
	 8/15/2029
	  	1.92%
	 11/15/2029
	  	1.92%
	 2/15/2030
	  	1.92%
	 5/15/2030
	  	1.92%
	 8/15/2030
	  	1.92%
	 11/15/2030
	  	1.92%
	 2/15/2031
	  	1.92%
	 5/15/2031
	  	1.92%
	 8/15/2031
	  	1.92%
	 11/15/2031
	  	2.08%

 (c) Subject to Section 1.04 (Business Day Adjustment) of the Common Terms Agreement, the Borrower
shall repay the C2F Loan on the following Interest Payment Dates and in the following amounts (expressed as a percentage of the amount of the C2F Loan disbursed as of the First Repayment Date): 

 

			
	 Interest Payment Date
	  	Principal Amount Due (%)
	 2/15/2019
	  	1.92%
	 5/15/2019
	  	1.92%
	 8/15/2019
	  	1.92%
	 11/15/2019
	  	1.92%
	 2/15/2020
	  	1.92%
	 5/15/2020
	  	1.92%
	 8/15/2020
	  	1.92%
	 11/15/2020
	  	1.92%
	 2/15/2021
	  	1.92%
	 5/15/2021
	  	1.92%
	 8/15/2021
	  	1.92%
	 11/15/2021
	  	1.92%
	 2/15/2022
	  	1.92%
	 5/15/2022
	  	1.92%
	 8/15/2022
	  	1.92%
	 11/15/2022
	  	1.92%
	 2/15/2023
	  	1.92%
	 5/15/2023
	  	1.92%
	 8/15/2023
	  	1.92%

  
 13 

			
	 11/15/2023
	  	1.92%
	 2/15/2024
	  	1.92%
	 5/15/2024
	  	1.92%
	 8/15/2024
	  	1.92%
	 11/15/2024
	  	1.92%
	 2/15/2025
	  	1.92%
	 5/15/2025
	  	1.92%
	 8/15/2025
	  	1.92%
	 11/15/2025
	  	1.92%
	 2/15/2026
	  	1.92%
	 5/15/2026
	  	1.92%
	 8/15/2026
	  	1.92%
	 11/15/2026
	  	1.92%
	 2/15/2027
	  	1.92%
	 5/15/2027
	  	1.92%
	 8/15/2027
	  	1.92%
	 11/15/2027
	  	1.92%
	 2/15/2028
	  	1.92%
	 5/15/2028
	  	1.92%
	 8/15/2028
	  	1.92%
	 11/15/2028
	  	1.92%
	 2/15/2029
	  	1.92%
	 5/15/2029
	  	1.92%
	 8/15/2029
	  	1.92%
	 11/15/2029
	  	1.92%
	 2/15/2030
	  	1.92%
	 5/15/2030
	  	1.92%
	 8/15/2030
	  	1.92%
	 11/15/2030
	  	1.92%
	 2/15/2031
	  	1.92%
	 5/15/2031
	  	1.92%
	 8/15/2031
	  	1.92%
	 11/15/2031
	  	2.08%

 (d) Any principal amount of the IDB Group Loan repaid under this Agreement may not be re-borrowed. 
 Section 2.05. Prepayment. (a) The Borrower may prepay the IDB
Group Loan in accordance with Section 2.06 (Voluntary Prepayment) of the Common Terms Agreement. 
 (b) Amounts of principal
prepaid under this Section 2.05 and Section 2.06 (Voluntary Prepayment) of the Common Terms Agreement shall (i) first be allocated by the Lenders pro rata between the IIC A Loan, the IDB A Loan and the C2F Loan in
proportion to their respective principal amounts outstanding and (ii) then be applied by the Lenders to all the respective outstanding installments of principal of the IIC A Loan, the IDB A Loan and the C2F Loan in inverse order of maturity.

  
 14 

 (c) If all or any portion of the IIC A Loan or the C2F Loan is prepaid at any time, then on the
date of such prepayment, the Borrower shall pay IIC the Fixed Rate Prepayment Fee. 
 Section 2.06. Fees and Other
Payments. (a) The Borrower shall pay to IIC a commitment fee: 
  

	 	(i)	with respect to the IDB Group Loan, at the rate of one and one half of one percent (1.50%) per annum on that part of the IDB Group Loan that from time to time has not been disbursed or canceled, beginning to
accrue on the date of this Agreement; 

  

	 	(ii)	prorated on the basis of a three hundred and sixty (360) day year for the actual number of days elapsed; and 

  

	 	(iii)	payable quarterly, in arrears, on each Interest Payment Date, the first such payment to be due on November 15, 2017. 

  

	 	(b)	The Borrower shall also pay to IIC: 

  

	 	(i)	the fees set forth in the Fee Letter; and 

  

	 	(ii)	if the Borrower and IIC agree to restructure all or part of the IDB Group Loan, the Borrower and IIC shall negotiate in good faith an appropriate amount to compensate IIC for the additional work of IIC staff required in
connection with such restructuring. 

 Section 2.07. Currency and Place of Payments. (a) The Borrower
shall make all payments of principal, interest, fees, and any other amount due to the Lenders under this Agreement and the other Financing Documents in accordance with Section 2.09 (Currency and Place of Payments) of the Common Terms
Agreement. 
 (b) Payments must be received in the account designated by IIC no later than 1:00 p.m. New York time. 

Section 2.08. Suspension and Cancellation. (a) IIC may suspend the right of the Borrower to Disbursements or cancel
the undisbursed portion of the IDB Group Loan in whole or in part in accordance with Section 2.13 (Suspension or Cancellation by Senior Lenders) of the Common Terms Agreement. 

(b) The Borrower may request that IIC cancel the undisbursed portion of the IDB Group Loan in accordance with Section 2.14
(Cancellation by the Borrower) of the Common Terms Agreement. 

  
 15 

 ARTICLE III 

Common Terms 

Section 3.01. Representations and Warranties. (a) The representations and warranties set out in Section 3.01
(Representations and Warranties) of the Common Terms Agreement shall be made and are deemed to be made herein, mutatis mutandis, for the benefit of the Lenders as if set out in this Agreement in full. 

(b) The Borrower acknowledges that the Lenders enter into this Agreement and the other Financing Documents on the basis of, and in full
reliance on, each of the representations and warranties referred to in Section 3.01 (Representations and Warranties) of the Common Terms Agreement. 

Section 3.02. Conditions of First Disbursement. The obligation of the Lenders to make the first Disbursement is subject to
the fulfillment, in form and substance satisfactory to the Lenders, prior to delivery of the relevant Disbursement Request (or, in the case of the conditions set forth in Section 4.02(n) (Notes) and Section 4.01(f) (Legal
Opinions) of the Common Terms Agreement, no later than two (2) Business Days prior to the proposed date for the first Disbursement) of the conditions set forth in Section 4.01 (Conditions of First Disbursement) and
Section 4.02 (Conditions of All Disbursements) of the Common Terms Agreement and Section 3.03 (Conditions of All Disbursements). 

Section 3.03. Conditions of All Disbursements. The obligation of the Lenders to make any Disbursement, including the first
Disbursement, is subject to each such Lender being satisfied that the conditions set forth in Section 4.02 of the Common Terms Agreement (and, in case of the first Disbursement, in Section 4.01 (Conditions of First Disbursement) of
the Common Terms Agreement), Section 4.03 (Borrower’s Certification) of the Common Terms Agreement, and the conditions set forth below, have been either fulfilled or waived by such Lender, as the case may be, prior to delivery of
the Disbursement Request (or, in the case of the conditions set forth in Sections 4.02(n) (Notes) and 4.02(g) (Subsequent Legal Opinions) of the Common Terms Agreement (if required), no later than two (2) Business Days prior to
the proposed date for such Disbursement): 
 (a) The proceeds of that Disbursement are not in reimbursement of, or to be used for,
expenditures in the territories of any country that is not an IIC Member or an IDB Member for goods produced in or services supplied from any such country. 

(b) Notwithstanding any other provision of this Agreement or the Common Terms Agreement, the Lenders are not obliged to make: 

 

	 	(i)	any Disbursement, except pro rata with the Disbursement of each of the other Senior Loans; and 

  

	 	(ii)	any Disbursement, except pro rata from the IIC A Loan, the IDB A Loan and the C2F Loan. 

  
 16 

 Section 3.04. Covenants. So long as any amount of the IDB Group Loan remains
available for disbursement or any amount is outstanding under any of the Financing Documents: 
 (a) the covenants set out in Article V
(Particular Covenants) of the Common Terms Agreement shall apply herein, mutatis mutandis, for the benefit of the Lenders as if set out in this Agreement in full; and 

(b) the Borrower shall not use the proceeds of any Disbursement in the territories of any country that is not an IIC Member or an IDB Member or
for reimbursements of expenditures in those territories or for goods produced in or services supplied from any such country. 

Section 3.05. Events of Default. 

(a) The Events of Default set out in Section 6.02 (Events of Default) of the Common Terms Agreement shall each constitute an event
of default under this Agreement. 
 (b) If any Event of Default occurs and is continuing (whether it is voluntary or involuntary, or results
from operation of law or otherwise), IIC may, by notice to the Borrower, require the Borrower to repay the IDB Group Loan or such part of the IDB Group Loan as is specified in that notice. On receipt of any such notice, the Borrower shall
immediately repay the IDB Group Loan (or that part of the IDB Group Loan specified in that notice) and pay all interest accrued on it and any other amounts then payable under this Agreement and the other Financing Documents. The Borrower waives any
right it might have to further notice, presentment, demand or protest with respect to that demand for immediate payment. 
 (c) If the
Borrower is liquidated or declared bankrupt, the IDB Group Loan, all interest accrued on it and any other amounts payable under this Agreement and the other Financing Documents will become immediately due and payable without any presentment, demand,
protest or notice of any kind, all of which the Borrower waives. 
 ARTICLE IV 

Miscellaneous 

Section 4.01. Notices. Any notice, request or other communication to be given or made under this Agreement shall be given
in accordance with Section 7.02 (Notices) of the Common Terms Agreement. 
 Section 4.02. Term of Agreement.
This Agreement shall continue in force until all monies payable under it have been fully paid in accordance with its provisions. 

Section 4.03. Saving of Rights. Section 7.01 (Saving of Rights) of the Common Terms Agreement shall apply
herein, mutatis mutandis, as if set out in this Agreement in full (and as if each reference therein to “any Finance Party” or “the Finance Parties” were a reference to the Lenders and each reference to “this
Agreement” or “the Financing Documents” were a reference to this Agreement). 

  
 17 

 Section 4.04. Enforcement. (a) This Agreement is governed by,
and shall be construed in accordance with, the laws of New York, United States of America. 
 (b) Section 7.05 (Applicable Law
and Jurisdiction) of the Common Terms Agreement shall apply herein, mutatis mutandis, as if set out in this Agreement in full (and as if each reference therein to “each Finance Party”, “any Finance Party” or “the
Finance Parties” were a reference to the Lenders and each reference to “this Agreement”, “the Financing Documents” or “the Transaction Documents” were a reference to this Agreement). 

Section 4.05. Successors and Assignees. (a) This Agreement binds and benefits the respective successors
and assignees of the parties hereto. However, the Borrower may not assign or delegate any of its rights or obligations under this Agreement without the prior consent of IIC. Any purported assignment in violation of this provision shall be void ab
initio. 
 (b) Any Lender may sell, transfer, assign, novate or otherwise dispose of all or part of its rights or obligations under this
Agreement and any other Financing Document (including by granting of participations) in accordance with the provisions of this Agreement; provided that if (i) any such sale, transfer, assignment, novation or other disposition would
result in the cost of compliance by the Borrower with its obligations under Sections 2.11 (Increased Costs), 2.15 (Taxes) or 2.17 (Illegality) of the Common Terms Agreement in excess of any such cost of compliance had such sale,
transfer, assignment, novation or other disposition not taken place, (ii) the Borrower has provided evidence satisfactory to such Lender of such cost increase and (iii) no Potential Event of Default or Event of Default has occurred and is
continuing, then the Borrower shall have the right to prepay the relevant IDB Group Loan in full without penalty or premium. 

Section 4.06. Disclosure of Information. Section 7.06 (Disclosure of Information) of the Common Terms
Agreement shall apply herein, mutatis mutandis, as if set out in this Agreement in full (and as if each reference therein to “each Finance Party”, “any Finance Party” or “the Finance Parties” were a reference to
the Lenders and each reference to “this Agreement”, “the Financing Documents” or “the Transaction Documents” were a reference to this Agreement). 

Section 4.07. Amendments, Waivers and Consent. Any amendment or waiver of, or any consent given under, any provision
of this Agreement shall be in writing and, in the case of an amendment, signed by the parties to this Agreement. 
 Section 4.08.
Counterparts. This Agreement may be executed in several counterparts, each of which is an original, but all of which together constitute one and the same agreement. 

Section 4.09. English Language. (a) Subject to clause (b), all documents to be provided or communications to be
given or made under this Agreement shall be in the English language. 

  
 18 

 (b) All documents to be provided under this Agreement shall be in the English language; provided
that (i) if the original version of any Transaction Document is in a language other than English, IIC may request in writing that the Borrower provide an English translation certified by an Authorized Representative to be a true and correct
translation of the original of such Transaction Document and, if the Borrower fails to provide such translation within thirty (30) days of receiving such request, IIC may obtain an English translation of such Transaction Document at the cost
and expense of the Borrower and (ii) if any other document to be provided under this Agreement is in a language other than English, such document shall be accompanied by an English translation certified by an Authorized Representative to be a
true and correct translation of the original. 
 {Signature page follows} 

  
 19 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed in their respective names
as of the date first above written. 
  

			
	CP LA CASTELLANA S.A.U.

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Signature Page 

IDB Group Loan Agreement 

 
			
	 INTER-AMERICAN INVESTMENT

CORPORATION

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Signature Page 

IDB Group Loan Agreement 

 
			
	INTER-AMERICAN INVESTMENT CORPORATION, acting as agent for the
	INTER-AMERICAN DEVELOPMENT BANK

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Signature Page 

IDB Group Loan Agreement 

 
			
	INTER-AMERICAN INVESTMENT CORPORATION, as agent acting on behalf of the INTER-AMERICAN DEVELOPMENT BANK, in its capacity as administrator of the CANADIAN CLIMATE FUND FOR THE PRIVATE SECTOR IN THE
AMERICAS

 
			
		
	By :	 	  

	Name:	 	  

	Title :	 	  

 Signature Page 

IDB Group Loan Agreement 

 ANNEX A 

C2F LOAN SPREAD ADJUSTMENT CONDITIONS 
  

	I.	Conditions for Initial Reduction. 

 (i) The Sponsor Guarantor’s Chief Executive
Officer shall have executed the CEO Statement of Support for the United Nations Women’s Empowerment Principles (WEP); 
 (ii) The
Sponsor Guarantor shall have delivered a print-out from http://www.weprinciples.org/Site/Companies/1 where the Sponsor Guarantor appears registered as signatory of the (WEP); 

(iii) The Sponsor Guarantor shall have delivered a list of participants and attendees to the training program on gender equality that IIC will
conduct for the Sponsor Guarantor’s top management and certain mid-level staff (to be agreed by IIC and the Sponsor Guarantor), which training program will be hosted and organized by the Sponsor
Guarantor, on or before April, 2018; 
 (iv) (a) The Sponsor Guarantor’s Board of Directors shall have approved, and the Sponsor
Guarantor shall have deliver to IIC, a gender action plan that includes at least three actions, including the name of the relevant person responsible of its execution, budget and deadline associated to each of such actions, and indicators tracking
progress (the “Gender Action Plan”); and (b) the Sponsor Guarantor shall have delivered true, complete and correct copies of the Board of Directors’ resolutions approving the Gender Action Plan; 

(v) Three female university students shall have completed a twelve (12)-months internship program conducted by the Borrower or Sponsor
Guarantor, as applicable, that satisfies the following conditions: 
 (1) two of the students shall have completed the
internship in activities related to “supervisión de obra” in the Project location; 
 (2) one of the
students shall have completed the internship at the Sponsor Guarantor’s headquarters in any of the following corporate departments: “energía renovable”, “ingeniería”, “gestión
ambiental”, “suministros” or “finanzas”; and 
 (3) for each student identified as
having participated in the internship program, the following evidence of successful completion of the program shall have been received by IIC: (a) a copy of the internship agreement between the [Borrower/Sponsor Guarantor]* and the student, stating the department to which the student was assigned; (b) a copy of the workplan agreed between the [Borrower/Sponsor
Guarantor]† and the student; (c) a copy of the “certificado de pasantía” stating the department
to which the 
  

	* 	As applicable. 

	† 	As applicable. 

 
student provided support; (d) a document signed by the student detailing her work and what she learned during her internship (exit interview form); (e) a picture of the student in the
workplace; and (f) at least two fully completed and duly executed “Evolucion de seguimiento programa de pasantias” in the form of Schedule 1 hereto; in each case (other than in respect of (d) (e) and (f)), in accordance
with applicable law, in particular Law 26.427 as amended, modified or supplemented from time to time and any statutory and regulatory provisions consolidating, amending, replacing or interpreting such law; 

(vi) IIC shall have received a report on the implementation of the Gender Action Plan; and 

(vii) IIC shall have received a duly executed C2F Interest Adjustment Request. 

 

	II.	Conditions for Second Reduction. 

 (i) One female university student, different from
those presented for compliance of the conditions in I above, shall have completed an internship program lasting at least six (6) months conducted by the Sponsor Guarantor during the preceding twelve (12)-month period, that satisfies the
following conditions: 
 (1) the student shall have completed the internship at the Sponsor Guarantor’s headquarters in
any of the following corporate departments: “energía renovable”, “ingeniería”, “gestión ambiental”, “suministros” or “finanzas”; and

 (2) for each student identified as having participated in the internship program, the following evidence of successful
completion of the program shall have been received by IIC: (a) a copy of the internship agreement between the Sponsor Guarantor and the student, stating the department to which the student was assigned; (b) a copy of the workplan agreed
between the Sponsor Guarantor and the student; (c) a copy of the “certificado de pasantía” stating the department to which the student provided support; (d) a document signed by the student detailing her experience
during her internship; (e) a picture of the student in the workplace; and (f) a fully completed and duly executed “Evolucion de seguimiento programa de pasantias” in the form of Schedule 1 hereto; in each case (other than
with respect to (e)), in accordance with applicable law, in particular Law 26.427 as amended, modified or supplemented from time to time and any statutory and regulatory provisions consolidating, amending, replacing or interpreting such law; 

(ii) IIC shall have received a report on the implementation of the Gender Action Plan, to the extent the Gender Action Plan has not been
completed; and 
 (iii) IIC shall have received a duly executed C2F Interest Adjustment Request. 

	III.	Conditions for Third Reduction. 

 (i) One female university student, different from those
presented for compliance of the conditions in I and II above, shall have completed an internship program lasting at least six (6) months conducted by the Sponsor Guarantor during the preceding twelve (12)-month period, that satisfies the following
conditions: 
 (1) the student shall have completed the internship at the Sponsor Guarantor’s headquarters in any of the
following corporate departments: “energía renovable”, “ingeniería”, “gestión ambiental”, “suministros” or “finanzas”; and 

(2) for each student identified as having participated in the internship program, the following evidence of successful
completion of the program shall have been received by IIC: (a) a copy of the internship agreement between the Sponsor Guarantor and the student, stating the department to which the student was assigned; (b) a copy of the workplan agreed
between the Sponsor Guarantor and the student; (c) a copy of the “certificado de pasantía” stating the department to which the student provided support; (d) a document signed by the student detailing her experience
during her internship; (e) a picture of the student in the workplace; and (f) a fully completed and duly executed “Evolucion de seguimiento programa de pasantias” in the form of Schedule 1 hereto; in each case (other than
with respect to (e)), in accordance with applicable law, in particular Law 26.427 as amended, modified or supplemented from time to time and any statutory and regulatory provisions consolidating, amending, replacing or interpreting such law; 

(ii) IIC shall have received a report on the implementation of the Gender Action Plan, to the extent the Gender Action Plan has not been
completed; and 
 (iii) IIC shall have received a duly executed C2F Interest Adjustment Request. 

 

	IV.	Conditions for Maintaining the Reduction. 

 (i) One female university student, different
from those presented for compliance of the conditions in I, II and III above, shall have completed an internship program lasting at least six (6) months conducted by the Sponsor Guarantor during the preceding twelve (12)-month period, that
satisfies the following conditions: 
 (1) the student shall have completed the internship at the Sponsor Guarantor’s
headquarters in any of the following corporate departments: “energía renovable”, “ingeniería”, “gestión ambiental”, “suministros” or
“finanzas”; and 
 (2) for each student identified as having participated in the internship program, the
following evidence of successful completion of the program shall have been received by IIC: (a) a copy of the internship agreement between the Sponsor Guarantor and the student, stating the department to which the student was assigned;
(b) a copy of the workplan agreed between the Sponsor Guarantor and the student; (c) a copy of the “certificado de pasantía” stating the department to which the student provided support; (d) a document signed
by the student detailing her experience during her internship; (e) a picture of the student in the workplace; and (f) a fully completed and duly executed “Evolucion de seguimiento programa de pasantias” in the form of
Schedule 1 hereto; in each case (other than with respect to (e)), in accordance with applicable law, in particular Law 26.427 as amended, modified or supplemented from time to time and any statutory and regulatory provisions consolidating, amending,
replacing or interpreting such law; 

 (ii) IIC shall have received a report on the implementation of the Gender Action Plan, to the
extent the Gender Action Plan has not been completed; and 
 (iii) IIC shall have received a duly executed C2F Interest Adjustment Request.

  

	V.	Conditions for Maintaining the Reduction. 

 (i) One female university student, different
from those presented for compliance of the conditions in I, II, III and IV above, shall have completed an internship program lasting at least six (6) months conducted by the Sponsor Guarantor during the preceding twelve (12)-month period, that
satisfies the following conditions: 
 (1) the student shall have completed the internship at the Sponsor Guarantor’s
headquarters in any of the following corporate departments: “energía renovable”, “ingeniería”, “gestión ambiental”, “suministros” or
“finanzas”; and 
 (2) for each student identified as having participated in the internship program, the
following evidence of successful completion of the program shall have been received by IIC: (a) a copy of the internship agreement between the Sponsor Guarantor and the student, stating the department to which the student was assigned;
(b) a copy of the workplan agreed between the Sponsor Guarantor and the student; (c) a copy of the “certificado de pasantía” stating the department to which the student provided support; (d) a document signed
by the student detailing her experience during her internship; (e) a picture of the student in the workplace; and (f) a fully completed and duly executed “Evolucion de seguimiento programa de pasantias” in the form of
Schedule 1 hereto; in each case (other than with respect to (e)), in accordance with applicable law, in particular Law 26.427 as amended, modified or supplemented from time to time and any statutory and regulatory provisions consolidating, amending,
replacing or interpreting such law; 
 (ii) IIC shall have received a report on the implementation of the Gender Action Plan, to the extent
the Gender Action Plan has not been completed; and 
 (iii) IIC shall have received a duly executed C2F Interest Adjustment Request. 

 SCHEDULE 1 

EVOLUCIÓN DE SEGUIMIENTO 

PROGRAMA DE PASANTÍAS 
  

 
  

							
		  	Gerencia de Administración y Recursos Humanos	  	
		  	Departamento de Administración de Personal y Beneficios	  	
		  		  		  	
		 		 
	 Apellido y Nombre
 del
Pasante
	  	 	  	Fecha	  	                       
         
		  		  		  	
		 		
	 Área en la que se

desarrolla
	  	 	  		  	
		  		  		  	
		 		
	 Apellido y nombre
 del
Tutor
	  	 	  		  	
		  		  		  	
		 		
	Puesto del Tutor	  	 	  		  	

 A. Cumplimiento y predisposición a las tareas 

Considera la calidad, interés e iniciativa del pasante en relación a su aprendizaje y formación. 

 

									
	Excelente	  	Muy Bueno	  	Bueno	  	Regular	  	Insuficiente

 B. Trabajo en equipo y cooperación 

Capacidad del pasante para incorporar herramientas para integrar equipos de trabajo y 

brindar asistencial al grupo y superiores. Mide la puesta en práctica de la proactividad y 

contribución al grupo de trabajo frente a las necesidades requeridas. 

 

									
	Excelente	  	Muy Bueno	  	Bueno	  	Regular	  	Insuficiente

 C. Iniciativa y creatividad 

Habilidad para aprender y llevar adelante gestiones sin necesidad de apoyos constantes en el 

entorno laboral. Implica, además, el grado de flexibilidad para aceptar cambios y trabajar 

con ideas y conceptos nuevos. 
  

									
	Excelente	  	Muy Bueno	  	Bueno	  	Regular	  	Insuficiente

 D. Habilidad comunicativa 

Es la capacidad de aprendizaje para establecer y desarrollar vínculos dentro del contexto de 

un entorno laboral, ya sea con el grupo, superiores, personal de otros sectores internos y/o 

de otras empresas vinculadas o visitas. 
  

									
	Excelente	  	Muy Bueno	  	Bueno	  	Regular	  	Insuficiente

 E. Planeamiento y organización 

Mide la capacidad del pasante para aprender a organizar y planificar el trabajo. 

 

									
	Excelente	  	Muy Bueno	  	Bueno	  	Regular	  	Insuficiente

 F. Conocimiento y cumplimiento de normas de higiene y seguridad y ambientales 

Capacidad para entender y aplicar políticas, normas y procedimientos de cuidado del medio 

ambiente que correspondan a su puesto y entorno de trabajo. 
  

									
	Excelente	  	Muy Bueno	  	Bueno	  	Regular	  	Insuficiente

 APRECIACIÓN GLOBAL Y COMENTARIOS SOBRE EL DESARROLLO DE LA 

PASANTÍA 

Este campo deberá ser completado de forma obligatoria por el tutor. Se detalla una devolución 

acerca de las capacidades, aptitudes y rendimiento del pasante 
  

	
	     

    
     

    
     

    

 ÁREAS CON POTENCIAL DE DESARROLLO 

Aspectos que durante el período observado podrían ser de utilidad para el pasante para enriquecer y 

obtener nuevas herramientas para su desarrollo laboral. 
  

	
	     

    
     

    
     

 ACCIONES Y OBJETIVOS A REALIZAR HASTA LA PRÓXIMA EVALUACIÓN 

(*) Aquí se proponen aquellos aspectos a desarrollar en el futuro (capacitaciones, objetivos y 

aspectos de trabajo a futuro). 

					
	 1)
	  		  	
	 2)
	  	
	 3)
	  	
			
	 Firma

del Tutor
	  	Firma del Pasante	  	 Firma del

Docente Guía

 EXHIBIT 1 

FORM OF BORROWER’S C2F INTEREST ADJUSTMENT REQUEST 

(See Section 2.03(d) (Interest)) 

[BORROWER’S LETTERHEAD] 

[Date] 
 Inter-American Investment Corporation

 1350 New York Avenue, N.W. 
 Washington, D.C. 20577 

United States of America 
 Attn: Portfolio Management Division,
Investment Operations Department 
 Rate Adjustment Request 

Ladies and Gentlemen, 
  

	1.	Reference is made to the loan agreement among CP La Castellana S.A.U. (the Borrower), the Inter-American Investment Corporation (IIC) in its capacity as lender of the IIC A Loan, IIC in its
capacity as agent of the Inter-American Development Bank (IDB), as lender of the IDB A Loan, and IIC in its separate capacity as agent of IDB as the administrator of the Canadian Climate Fund for the Private Sector in the Americas
(C2F), as lender of the C2F Loan, dated as of October 20, 2017 (the Loan Agreement). Capitalized terms used but not defined in this request have the meanings assigned to them in the Loan Agreement. 

 

	2.	[Pursuant to Section 2.03 (Interest) of the Loan Agreement, the Borrower requests that the [Initial][Adjusted] C2F Loan Spread be reduced by [    ]% commencing on the first day of the
Interest Period starting on the Interest Payment Date falling on November 15 of the current year.]* 

  

	3.	The Borrower certifies that all the conditions set forth in clause [I][II][III][IV][V] of Annex A (C2F Loan Spread Adjustment Conditions) to the Loan Agreement have been satisfied. 

 

	4.	In evidence of the satisfaction of the conditions set forth in clauses [I][III][II][IV][V] of Annex A (C2F Loan Spread Adjustment Conditions) to the Loan Agreement, attached are: 

 
  

	* 	To be included only in requests to reduce the C2F Loan Spread. 

 (i) [True, complete and correct copy of the CEO Statement of Support for the United Nations
Women’s Empowerment Principles (WEP) executed by the Sponsor Guarantor CEO;]☐ 

(ii) [Print-out from http://www.weprinciples.org/Site/Companies/1 where the Sponsor Guarantor
appears registered as signatory of the (WEP);]☐ 

(iii) [List of attendees to the training program on gender equality that IIC will conduct for the Sponsor Guarantor’s management;]☐ 
 (iv) [True,
complete and correct copy of the resolutions from the Sponsor Guarantor’s Board of Directors approving the Gender Action
Plan;]☐ 
 (v)
[The Gender Action Plan;]☐☐ 

(vi) for each student identified as having participated in the internship program: 

 

	 	(1)	a copy of the internship agreement between the [Borrower/Sponsor Guarantor] and the student, stating the department to which the student was assigned; 

 

	 	(2)	a copy of the workplan agreed between the [Borrower/Sponsor Guarantor] and the student; 

  

	 	(3)	copy of the “certificado de pasantía” stating the department to which the student provided support; 

  

	 	(4)	a document signed by the student detailing her experience during her internship (exit interview form); 

  

	 	(5)	two fully completed and duly executed “Evolucion de seguimiento programa de pasantias” in the form of Schedule 1 hereto; 

 

	 	(6)	a document summarizing the internship program conducted by the [Borrower/Sponsor Guarantor] during the preceding [year] and containing the following data for each student that satisfactorily completed such internship
program: (A) name, (B) gender, (C) ID number, (D) university name, (E) university degree/title that the student aspires to, (F) students contact information, and (G) department of the company in which the student did
her internship; and 

  

	 	(7)	a picture of the student in the workplace; 

  

	* 	To be included in the request for the Initial Reduction only. 

	* 	To be included in the request for the Initial Reduction only. 

	* 	To be included in the request for the Initial Reduction only. 

	* 	To be included in the request for the Initial Reduction only. 

	* 	To be included in the request for the Initial Reduction only. 

 all in accordance with applicable law, in particular, with respect to items (1), (2) and (3), Law
26.427 as amended, modified or supplemented from time to time, and any statutory and regulatory provisions consolidating, amending, replacing or interpreting such law[; and] 

(vii) [A report on the implementation of the Gender Action Plan]☐ 
  

			
	Yours truly,
	
	CP LA CASTELLANA S.A.U.

			
		
	By:	 	  

			
	Authorized Representative* 

	 	

  

	*	To be included to the extent the Gender Action Plan has not been completed. 

	* 	As named in the Borrower’s Certificate of Incumbency and Authority. See Exhibit 4 (Form of Loan Party’s Certificate of Incumbency and Authority).EX-10.6

  

 
 Exhibit 10.6 

INVESTMENT NUMBER 39065 

Loan Agreement 
 between

 CP LA CASTELLANA S.A.U. 

and 
 INTERNATIONAL
FINANCE CORPORATION 
 Dated as of October 20, 2017 

 
  

 

 TABLE OF CONTENTS 

 

					
	 Article/
 Section
                                         
               Item
	  	Page No.	 
		
	 ARTICLE I
	  	 	1	 
		
	 Definitions and Interpretation
	  	 	1	 
		
	 Section 1.01. Definitions
	  	 	1	 
	 Section 1.02. Financial Calculations; Interpretation; Business Day Adjustment
	  	 	4	 
	 Section 1.03. Conflict with Common Terms Agreement
	  	 	5	 
		
	 ARTICLE II
	  	 	5	 
		
	 The IFC Loan
	  	 	5	 
		
	 Section 2.01. The Loan
	  	 	5	 
	 Section 2.02. Disbursement Procedure
	  	 	5	 
	 Section 2.03. Interest
	  	 	5	 
	 Section 2.04. Repayment
	  	 	6	 
	 Section 2.05. Prepayment
	  	 	9	 
	 Section 2.06. Fees and Other Payments
	  	 	10	 
	 Section 2.07. Currency and Place of Payments
	  	 	11	 
	 Section 2.08. Suspension and Cancellation
	  	 	11	 
		
	 ARTICLE III
	  	 	11	 
		
	 Common Terms
	  	 	11	 
		
	 Section 3.01. Representations and Warranties
	  	 	11	 
	 Section 3.02. Conditions of First Disbursement
	  	 	12	 
	 Section 3.03. Conditions of All Disbursements
	  	 	12	 
	 Section 3.04. Covenants
	  	 	13	 
	 Section 3.05. Events of Default
	  	 	14	 
		
	 ARTICLE IV
	  	 	14	 
		
	 Miscellaneous
	  	 	14	 
		
	 Section 4.01. Notices
	  	 	14	 
	 Section 4.02. Term of Agreement
	  	 	14	 
	 Section 4.03. Saving of Rights
	  	 	14	 
	 Section 4.04. Enforcement
	  	 	14	 
	 Section 4.05. Successors and Assignees
	  	 	15	 
	 Section 4.06. Disclosure of Information
	  	 	15	 
	 Section 4.07. Amendments, Waivers and Consent
	  	 	15	 
	 Section 4.08. Counterparts
	  	 	15	 
	 Section 4.09. English Language
	  	 	15	 

			
	 SCHEDULE 1:
	  	 FORM OF LOAN TRANSFER NOTICE

  
 2 

 LOAN AGREEMENT 

LOAN AGREEMENT (the “Agreement”) dated as of October 20, 2017, between: 

 

	(1)	CP LA CASTELLANA S.A.U., a sociedad anónima unipersonal organized and existing under the laws of the Republic of Argentina (the “Borrower”); and 

 

	(2)	INTERNATIONAL FINANCE CORPORATION, an international organization established by Articles of Agreement among its member countries including the Republic of Argentina (“IFC”). 

RECITALS 
 The Borrower is undertaking the
development of the Project; 
 The Borrower has requested IFC to provide the loans described in this Agreement to finance the development of the Project and
certain other costs and expenditures associated with the development of the Project; 
 On or about the date hereof, the Borrower, IFC and certain other
parties have entered into the Common Terms Agreement; and 
 IFC is willing to provide those loans upon the terms and conditions set forth in this Agreement
and the Common Terms Agreement. 
 ARTICLE I 

Definitions and Interpretation 

Section 1.01. Definitions. Wherever used in this Agreement, and except as otherwise defined herein, terms defined in the
Common Terms Agreement (as defined below) shall have the meaning ascribed to them therein, and the following terms have the meanings opposite them: 
  

			
	“CAO”	  	Compliance Advisor Ombudsman, the independent accountability mechanism for IFC that impartially responds to environmental and social concerns of affected communities and aims to enhance outcomes;
		
	“CAO’s Role”	  	(i) to respond to complaints by Persons who have been or are likely to be directly affected by the social or environmental impacts of IFC’s projects;

			
		
		  	and (ii) to oversee audits of IFC’s social and environmental performance, particularly in relation to sensitive projects, and to ensure compliance with IFC’s social and environmental policies, guidelines, procedures
and systems;
		
	“Common Terms	  	
	Agreement”	  	the agreement entitled “Common Terms Agreement” dated on or about the date hereof among the Borrower, Inter-American Investment Corporation (“IIC”), IIC acting as agent for the Inter-American Development Bank
(“IDB”), IIC as agent acting on behalf of IDB, in its capacity as administrator of the Canadian Climate Fund for the Private Sector in the Americas (“C2F”) and International Finance Corporation (“IFC”);
		
	“Disbursement”	  	an IFC A Loan Disbursement or an MCPP Loan Disbursement or both, as the context requires;
		
	“IFC A Loan”	  	the loan specified in Section 2.01(a) (The IFC Loan) or, as the context requires, its principal amount from time to time outstanding;
		
	“IFC A Loan Disbursement”	  	any disbursement of the IFC A Loan;
		
	“IFC A Loan Interest Rate”	  	for any Interest Period, the rate at which interest is payable on the IFC A Loan during that Interest Period, determined in accordance with Section 2.03 (Interest);
		
	“IFC Fee Letter”	  	has the definition given to such term in Section 2.06(b)(v) (Fees and Other Payments);
		
	“IFC Loan”	  	collectively, the IFC A Loan and the MCPP Loan or, as the context requires, the principal amount of the IFC A Loan and the MCPP Loan outstanding from time to time;
		
	“Interest Determination	  	
	Date”	  	except as otherwise provided in Section 2.03(a)(iii) (Interest) of the Common Terms Agreement, the second Business Day before the beginning of each Interest
Period;

  
 2 

			
		
	“Interest Rate”	  	(i) with respect to the IFC A Loan, the IFC A Loan Interest Rate; or (ii) with respect to the MCPP Loan, the MCPP Loan Interest Rate, as the context requires;
		
	“LIBOR”	  	the interbank offered rate administered by ICE Benchmark Administration Limited for deposits in Dollars which appears on the relevant page of the Reuters Service (currently page LIBOR01) or, if not available, on the relevant pages
of any other service (such as Bloomberg Financial Markets Service) that displays such ICE Benchmark Administration Limited rates; provided that if ICE Benchmark Administration Limited for any reason ceases (whether permanently or temporarily)
to publish interbank offered rates for deposits in Dollars, “LIBOR” shall mean the rate determined pursuant to Section 2.03(a)(iii) (Interest Setting) of the Common Terms Agreement, and provided further that if any
such rate is below zero, LIBOR shall be deemed to be zero;
		
	 “Market Disruption
 Event”
	  	before close of business in London on the Interest Determination Date for the relevant Interest Period, the cost to IFC, or any MCPP Investor(s) whose MCPP Investment(s) represent in the aggregate 30% or more of the outstanding
principal amount of its IFC Loan, or any Participant(s) whose Participation(s) in its IFC Loan, represent in the aggregate 30% or more of the outstanding principal amount of its IFC Loan (as notified to IFC by such MCPP Investor(s) or such
Participant(s)), of funding its IFC Loan, such MCPP Investment(s) or such Participation(s) would be in excess of LIBOR;
		
	“MCPP Loan”	  	the loan specified in Section 2.01(b) (The IFC Loan) or, as the context requires, its principal amount from time to time outstanding;
		
	 “MCPP Loan
 Disbursement”
	  	any disbursement of the MCPP Loan;

  
 3 

			
		
	“MCPP Loan Interest Rate”	  	for any Interest Period, the rate at which interest is payable on the MCPP Loan during that Interest Period, determined in accordance with Section 2.03 (Interest);
		
	“Offshore Construction Account”	  	has the meaning assigned to that term in the Offshore Accounts Agreement;
		
	“Payment Account”	  	Northern Trust International Banking Corporation, New York, New York, U.S.A., ABA#026001122, for credit to IFC’s account number 10215220300, CHIPS#142255, SWIFT#CNORUS33 or such other bank or account in New York as IFC from
time to time designates;
		
	“Relevant Repayment Schedule”	  	each repayment schedule set forth in Section 2.04(a) and Section 2.04(b) (Repayment);
		
	“Relevant Spread”	  	five and one quarter of one percent (5.25%) per annum with respect to the IFC A Loan and the MCPP Loan; and
		
	“World Bank”	  	the International Bank for Reconstruction and Development, an international organization established by Articles of Agreement among its member countries.

 Section 1.02. Financial Calculations; Interpretation; Business
Day Adjustment. (a) This Agreement is the IFC Loan Agreement referred to in the Common Terms Agreement. 
 (b) Sections 1.02
(Financial Calculations), 1.03 (Interpretation) and 1.04 (Business Day Adjustment) of the Common Terms Agreement shall apply herein, mutatis mutandis, as if set out in this Agreement in full (and as if each reference
therein to “each Senior Lender”, “any Senior Lender” or “the Senior Lenders” were a reference to IFC and each reference to “this Agreement”, “the Financing Documents” or “the Transaction
Documents” were a reference to this Agreement). 
 (c) In the context of this Agreement, and except as otherwise provided in this
Agreement, any reference to a time of day is a reference to New York, New York time. 

  
 4 

 (d) In the context of this Agreement, and except as otherwise provided in this Agreement, any
reference to “the date of this Agreement” or any similar reference, is a reference to the date of execution of this Agreement. 

Section 1.03. Conflict with Common Terms Agreement. In the event of any conflict between the terms of this Agreement and
the terms of the Common Terms Agreement, the terms of this Agreement will prevail as between the parties to this Agreement. 
 ARTICLE II

 The IFC Loan 

Section 2.01. The IFC Loan. Subject to the provisions of this Agreement and the Common Terms Agreement (including
Section 2.02 (Disbursement Procedure), Section 4.01 (Conditions of First Disbursement) and Section 4.02 (Conditions of All Disbursements) of the Common Terms Agreement), IFC agrees to make available the IFC Loan
consisting of: 
 (a) the IFC A Loan, being thirty-six million six hundred thousand Dollars
($36,600,000); and 
 (b) the MCPP Loan, being twenty-seven million four hundred fifty thousand Dollars ($27,450,000). 

(c) Notwithstanding anything to the contrary herein, IFC shall have the right, at any time and from time to time by delivery to the Borrower of
a notice substantially in the form of Schedule 1 (Form of Loan Transfer Notice), to transfer any amount from the MCPP Loan to the IFC A Loan, and effective as of the date of such notice, the rights and obligations of the parties hereto shall
increase with respect to the IFC A Loan and decrease with respect to the MCPP Loan in accordance with and in proportion to the amount of such transfer. 

Section 2.02. Disbursement Procedure. Subject to the requirements of Section 4.01 (Conditions of First
Disbursement), Section 4.02 (Conditions of All Disbursements) and Section 4.03 (Borrower’s Certification) of the Common Terms Agreement, on the date of Disbursement, IFC shall remit the amount specified in the
Disbursement Request in immediately available funds to the Offshore Construction Account, all as specified by the Borrower in the relevant Disbursement Request. 

Section 2.03. Interest. Subject to Section 2.04 (Default Interest Rate) of the Common Terms Agreement, the
Borrower shall pay interest on the IFC Loan in accordance with this Section 2.03: 

  
 5 

 (a) During each Interest Period, the IFC Loan (or, with respect to the first Interest Period for
each Disbursement, the amount of that Disbursement) shall bear interest at the applicable Interest Rate for that Interest Period. 
 (b)
Interest on each of the IFC A Loan and the MCPP Loan shall accrue from day to day, be prorated on the basis of a 360-day year for the actual number of days in the relevant Interest Period and be payable in
arrears on the Interest Payment Date immediately following the end of that Interest Period; provided that with respect to any Disbursement made less than fifteen (15) days before an Interest Payment Date, interest on that Disbursement shall be
payable commencing on the second Interest Payment Date following the date of that Disbursement. 
 (c) The IFC A Loan Interest Rate and the
MCPP Loan Interest Rate for any Interest Period shall be the rate which is the sum of: 
  

	 	(i)	the Relevant Spread; and 

  

	 	(ii)	LIBOR on the Interest Determination Date for that Interest Period for three (3) months (or, in the case of the first Interest Period for any Disbursement, for one (1) month, two (2) months and three
(3) months, whichever period is closest to the duration of the relevant Interest Period (or, if two periods are equally close, the longer one)) rounded upward to the nearest three decimal places. 

(d) The provisions of Section 2.03 (Interest; Market Disruption) of the Common Terms Agreement shall also apply to the
determination of the Interest Rate under this Agreement. 
 (e) The Interest Rate shall be subject to adjustment upon the occurrence of a
Market Disruption Event as provided in Section 2.03 (Interest; Market Disruption) of the Common Terms Agreement. 
 (f) The
determination by IFC, from time to time, of the applicable Interest Rate shall, absent manifest error, be final and conclusive and binding on all parties to this Agreement. 

Section 2.04. Repayment. (a) Subject to Section 1.04 (Business Day Adjustment) of the Common Terms Agreement,
the Borrower shall repay the IFC A Loan on the following Interest Payment Dates and in the following amounts: 
  

 

					
	 Interest Payment Date
	  	Principal Amount Due	 
	 2/15/2019
	  	$	703,846.16	 
	 5/15/2019
	  	$	703,846.16	 

  
 6 

					
	 8/15/2019
	  	$	703,846.16	 
	 11/15/2019
	  	$	703,846.16	 
	 2/15/2020
	  	$	703,846.16	 
	 5/15/2020
	  	$	703,846.16	 
	 8/15/2020
	  	$	703,846.16	 
	 11/15/2020
	  	$	703,846.16	 
	 2/15/2021
	  	$	703,846.16	 
	 5/15/2021
	  	$	703,846.16	 
	 8/15/2021
	  	$	703,846.16	 
	 11/15/2021
	  	$	703,846.16	 
	 2/15/2022
	  	$	703,846.16	 
	 5/15/2022
	  	$	703,846.16	 
	 8/15/2022
	  	$	703,846.16	 
	 11/15/2022
	  	$	703,846.16	 
	 2/15/2023
	  	$	703,846.16	 
	 5/15/2023
	  	$	703,846.16	 
	 8/15/2023
	  	$	703,846.16	 
	 11/15/2023
	  	$	703,846.16	 
	 2/15/2024
	  	$	703,846.15	 
	 5/15/2024
	  	$	703,846.15	 
	 8/15/2024
	  	$	703,846.15	 
	 11/15/2024
	  	$	703,846.15	 
	 2/15/2025
	  	$	703,846.15	 
	 5/15/2025
	  	$	703,846.15	 
	 8/15/2025
	  	$	703,846.15	 
	 11/15/2025
	  	$	703,846.15	 
	 2/15/2026
	  	$	703,846.15	 
	 5/15/2026
	  	$	703,846.15	 
	 8/15/2026
	  	$	703,846.15	 
	 11/15/2026
	  	$	703,846.15	 
	 2/15/2027
	  	$	703,846.15	 
	 5/15/2027
	  	$	703,846.15	 
	 8/15/2027
	  	$	703,846.15	 
	 11/15/2027
	  	$	703,846.15	 
	 2/15/2028
	  	$	703,846.15	 
	 5/15/2028
	  	$	703,846.15	 
	 8/15/2028
	  	$	703,846.15	 
	 11/15/2028
	  	$	703,846.15	 
	 2/15/2029
	  	$	703,846.15	 
	 5/15/2029
	  	$	703,846.15	 
	 8/15/2029
	  	$	703,846.15	 

  
 7 

					
	 11/15/2029
	  	$	703,846.15	 
	 2/15/2030
	  	$	703,846.15	 
	 5/15/2030
	  	$	703,846.15	 
	 8/15/2030
	  	$	703,846.15	 
	 11/15/2030
	  	$	703,846.15	 
	 2/15/2031
	  	$	703,846.15	 
	 5/15/2031
	  	$	703,846.15	 
	 8/15/2031
	  	$	703,846.15	 
	 11/15/2031
	  	$	703,846.15	 

 . 
 (b) Subject
to Section 1.04 (Business Day Adjustment) of the Common Terms Agreement, the Borrower shall repay the MCPP Loan on the following Interest Payment Dates and in the following amounts: 

 
  

					
	 Interest Payment Date
	  	Principal Amount Due	 
	 2/15/2019
	  	$	527,884.62	 
	 5/15/2019
	  	$	527,884.62	 
	 8/15/2019
	  	$	527,884.62	 
	 11/15/2019
	  	$	527,884.62	 
	 2/15/2020
	  	$	527,884.62	 
	 5/15/2020
	  	$	527,884.62	 
	 8/15/2020
	  	$	527,884.62	 
	 11/15/2020
	  	$	527,884.62	 
	 2/15/2021
	  	$	527,884.62	 
	 5/15/2021
	  	$	527,884.62	 
	 8/15/2021
	  	$	527,884.62	 
	 11/15/2021
	  	$	527,884.62	 
	 2/15/2022
	  	$	527,884.62	 
	 5/15/2022
	  	$	527,884.62	 
	 8/15/2022
	  	$	527,884.62	 
	 11/15/2022
	  	$	527,884.62	 
	 2/15/2023
	  	$	527,884.62	 
	 5/15/2023
	  	$	527,884.62	 
	 8/15/2023
	  	$	527,884.62	 
	 11/15/2023
	  	$	527,884.62	 
	 2/15/2024
	  	$	527,884.62	 
	 5/15/2024
	  	$	527,884.62	 
	 8/15/2024
	  	$	527,884.62	 
	 11/15/2024
	  	$	527,884.62	 
	 2/15/2025
	  	$	527,884.62	 

  
 8 

					
	 5/15/2025
	  	$	527,884.62	 
	 8/15/2025
	  	$	527,884.62	 
	 11/15/2025
	  	$	527,884.62	 
	 2/15/2026
	  	$	527,884.61	 
	 5/15/2026
	  	$	527,884.61	 
	 8/15/2026
	  	$	527,884.61	 
	 11/15/2026
	  	$	527,884.61	 
	 2/15/2027
	  	$	527,884.61	 
	 5/15/2027
	  	$	527,884.61	 
	 8/15/2027
	  	$	527,884.61	 
	 11/15/2027
	  	$	527,884.61	 
	 2/15/2028
	  	$	527,884.61	 
	 5/15/2028
	  	$	527,884.61	 
	 8/15/2028
	  	$	527,884.61	 
	 11/15/2028
	  	$	527,884.61	 
	 2/15/2029
	  	$	527,884.61	 
	 5/15/2029
	  	$	527,884.61	 
	 8/15/2029
	  	$	527,884.61	 
	 11/15/2029
	  	$	527,884.61	 
	 2/15/2030
	  	$	527,884.61	 
	 5/15/2030
	  	$	527,884.61	 
	 8/15/2030
	  	$	527,884.61	 
	 11/15/2030
	  	$	527,884.61	 
	 2/15/2031
	  	$	527,884.61	 
	 5/15/2031
	  	$	527,884.61	 
	 8/15/2031
	  	$	527,884.61	 
	 11/15/2031
	  	$	527,884.61	 

 (c) Upon each Disbursement, the amount disbursed shall be allocated for repayment on each of the respective
dates for repayment of principal set out in the tables in Section 2.04(a) and Section 2.04(b) in amounts which are pro rata to the amounts of the respective installments shown opposite those dates in those tables (with IFC adjusting
those allocations as necessary so as to achieve whole numbers in each case). 
 (d) Any principal amount of the IFC Loan repaid under this
Agreement may not be re-borrowed. 
 Section 2.05. Prepayment. (a) The
Borrower may prepay the IFC Loan in accordance with Section 2.06 (Voluntary Prepayment) of the Common Terms Agreement. 

  
 9 

 (b) Amounts of principal prepaid under this Section 2.05 and Section 2.06 (Voluntary
Prepayment) of the Common Terms Agreement shall (i) first be allocated by IFC pro rata between the IFC A Loan and the MCPP Loan in proportion to their respective principal amounts outstanding; and (ii) then be applied by IFC to
all the respective outstanding installments of principal of the IFC A Loan and the MCPP Loan in inverse order of maturity. 

Section 2.06. Fees and Other Payments. (a) The Borrower shall pay to IFC a commitment fee: 

 

	 	(i)	(A) with respect to the IFC A Loan, at the rate of one and one half of one percent (1.50%) per annum on that part of the IFC A Loan that from time to time has not been disbursed or canceled, beginning to accrue on the
date of this Agreement; and (B) with respect to the MCPP Loan, at a rate of one and one half of one percent (1.50%) per annum on that part of the MCPP Loan that from time to time has not been disbursed or canceled, beginning to accrue on the date of
this Agreement; 

  

	 	(ii)	prorated on the basis of a three hundred and sixty (360) day year for the actual number of days elapsed; and 

  

	 	(iii)	payable quarterly, in arrears, on each Interest Payment Date, the first such payment to be due on November 15, 2017. 

  

	 	(b)	The Borrower shall also pay to IFC: 

  

	 	(i)	a front-end fee on the IFC A Loan of one percent (1%) of the amount of the IFC A Loan, to be paid on the earlier of (A) the date which is forty-five (45) Business Days after the date of this Agreement and
(B) the date of the first IFC A Loan Disbursement; 

  

	 	(ii)	a front-end fee on the MCPP Loan of one percent (1%) of the amount of the MCPP Loan to be paid on the earlier of (A) the date which is forty-five (45) Business Days
after the date of this Agreement and (B) the date of the first MCPP Loan Disbursement; 

  

	 	(iii)	a structuring fee of one percent (1%) of the amount of the IFC A Loan, to be paid on the earlier of (A) the date which is forty-five (45) Business Days after the date of this Agreement and (B) the date of
the first IFC A Loan Disbursement; 

  
 10 

	 	(iv)	a portfolio supervision fee of fifteen thousand Dollars ($15,000) per annum, payable upon receipt of a statement from IFC; 

  

	 	(v)	any additional fees as set forth in a fee letter entered into between IFC and the Borrower on or about the date hereof (the “IFC Fee Letter”); and 

 

	 	(vi)	if the Borrower and IFC agree to restructure all or part of the IFC Loan, the Borrower and IFC shall negotiate in good faith an appropriate amount to compensate IFC for the additional work of IFC staff required in
connection with such restructuring. 

 Section 2.07. Currency and Place of Payments. (a) The Borrower
shall make all payments of principal, interest, fees, and any other amount due to IFC under this Agreement and the other Financing Documents in accordance with Section 2.09 (Currency and Place of Payments) of the Common Terms Agreement.

 (b) Payments must be received in IFC’s designated account no later than 1:00 p.m. New York time; and the Borrower hereby irrevocably
agrees that IFC may deem any payment, or part thereof, relating to the MCPP Loan that is received after that time as made on the next Business Day and accordingly interest will accrue on any MCPP Investor’s pro rata share of that payment
with respect to which IFC is unable to make same day remittance to that MCPP Investor. 
 Section 2.08. Suspension and
Cancellation. (a) IFC may suspend the right of the Borrower to Disbursements or cancel the undisbursed portion of the IFC Loan in whole or in part in accordance with Section 2.13 (Suspension or Cancellation by Senior
Lenders) of the Common Terms Agreement. 
 (b) The Borrower may request that IFC cancel the undisbursed portion of the IFC Loan in
accordance with Section 2.14 (Cancellation by the Borrower) of the Common Terms Agreement. 
 ARTICLE III 

Common Terms 

Section 3.01. Representations and Warranties. (a) The representations and warranties set out in Section 3.01
(Representations and Warranties) of the Common Terms Agreement shall be made and are deemed to be made herein, mutatis mutandis, for the benefit of IFC as if set out in this Agreement in full. 

  
 11 

 (b) The Borrower acknowledges that IFC enters into this Agreement and the other Financing
Documents on the basis of, and in full reliance on, each of the representations and warranties referred to in Section 3.01 (Representations and Warranties) of the Common Terms Agreement. 

Section 3.02. Conditions of First Disbursement. The obligation of IFC to make the first Disbursement is subject to the
fulfillment, in form and substance satisfactory to IFC, prior to delivery of the relevant Disbursement Request (or, in the case of the conditions set forth in Section 4.02(n) (Notes) and Section 4.01(f) (Legal Opinions) of
the Common Terms Agreement, no later than two (2) Business Days prior to the proposed date for the first Disbursement) of the conditions set forth in Section 4.01 (Conditions of First Disbursement) and Section 4.02
(Conditions of All Disbursements) of the Common Terms Agreement and Section 3.03 (Conditions of All Disbursements), in addition, each MCPP Investor shall have delivered to IFC an MCPP Investment Consent, and each Administration
Agreement, the Omnibus MCPP Agreement and each MCPP Investment Consent shall be in full force and effect. 
 Section 3.03.
Conditions of All Disbursements. The obligation of IFC to make any Disbursement, including the first Disbursement, is subject to IFC being satisfied that the conditions set forth in Section 4.02 of the Common Terms Agreement (and,
in case of the first Disbursement, in Section 4.01 (Conditions of First Disbursement) of the Common Terms Agreement), Section 4.03 (Borrower’s Certification) of the Common Terms Agreement, and the conditions set forth
below, have been either fulfilled or waived by IFC, as the case may be, prior to delivery of the Disbursement Request (or, in the case of the conditions set forth in Sections 4.02(n) (Notes) and 4.02(g) (Subsequent Legal Opinions) of
the Common Terms Agreement (if required), no later than two (2) Business Days prior to the proposed date for such Disbursement): 
 (a)
The proceeds of that Disbursement are not in reimbursement of, or to be used for, expenditures in the territories of any country that is not a member of the World Bank or for goods produced in or services supplied from any such country. 

(b) Notwithstanding any other provision of this Agreement or the Common Terms Agreement, IFC is not obliged to make: 

 

	 	(i)	any MCPP Loan Disbursement, except to the extent that each MCPP Investor provides funds for that MCPP Loan Disbursement; 

  

	 	(ii)	any Disbursement, except pro rata with the Disbursement of each of the other Senior Loans; and 

  
 12 

	 	(iii)	any Disbursement except pro rata from the IFC A Loan and the MCPP Loan. 

Section 3.04. Covenants. So long as any amount of the IFC Loan remains available for disbursement or any amount is
outstanding under any of the Financing Documents: 
 (a) the covenants set out in Article V (Particular Covenants) of the Common Terms
Agreement shall apply herein, mutatis mutandis, for the benefit of IFC as if set out in this Agreement in full; 
 (b) upon any
request from IFC, and with reasonable prior notice to the Borrower, the Borrower shall permit representatives of IFC and the CAO, during normal office hours, to: 
  

	 	(i)	visit any of the sites and premises where the business of the Borrower is conducted, including the site where the Project is located; 

 

	 	(ii)	inspect any of the Borrower’s sites, facilities, plants and equipment, including the site where the Project is located; 

  

	 	(iii)	have access to the Borrower’s books of accounts and all records; and 

  

	 	(iv)	have access to those employees, agents, contractors and subcontractors of the Borrower who have or may have knowledge of matters with respect to which IFC or the CAO seeks information, 

provided that (A) no such reasonable prior notice shall be necessary if an Event of Default or Potential Event of Default has occurred and is
continuing or if special circumstances so require and (B) in the case of the CAO, such access shall be for the purpose of carrying out the CAO’s Role; 

(c) unless IFC otherwise agrees, the Borrower shall promptly provide to IFC such information about the Borrower, its assets and the Project
that IFC requests from time to time on behalf of any MCPP Investor to satisfy any requirements under the relevant Administration Agreement; and 

(d) the Borrower shall not use the proceeds of any Disbursement of the IFC A Loan or the MCPP Loan in the territories of any country that is
not a member of the World Bank or for reimbursements of expenditures in those territories or for goods produced in or services supplied from any such country. 

  
 13 

 Section 3.05. Events of Default. (a) The Events of Default set out in
Section 6.02 (Events of Default) of the Common Terms Agreement shall each constitute an event of default under this Agreement. 

(b) If any Event of Default occurs and is continuing (whether it is voluntary or involuntary, or results from operation of law or otherwise),
IFC may, by notice to the Borrower, require the Borrower to repay the IFC Loan or such part of the IFC Loan as is specified in that notice. On receipt of any such notice, the Borrower shall immediately repay the IFC Loan (or that part of the IFC
Loan specified in that notice) and pay all interest accrued on it and any other amounts then payable under this Agreement and the other Financing Documents. The Borrower waives any right it might have to further notice, presentment, demand or
protest with respect to that demand for immediate payment. 
 (c) If the Borrower is liquidated or declared bankrupt, the IFC Loan, all
interest accrued on it and any other amounts payable under this Agreement and the other Financing Documents will become immediately due and payable without any presentment, demand, protest or notice of any kind, all of which the Borrower waives.

 ARTICLE IV 

Miscellaneous 

Section 4.01. Notices. Any notice, request or other communication to be given or made under this Agreement
shall be given in accordance with Section 7.02 (Notices) of the Common Terms Agreement. 
 Section 4.02. Term of
Agreement. This Agreement shall continue in force until all monies payable under it have been fully paid in accordance with its provisions. 

Section 4.03. Saving of Rights. Section 7.01 (Saving of Rights) of the Common Terms Agreement
shall apply herein, mutatis mutandis, as if set out in this Agreement in full (and as if each reference therein to “any Finance Party” or “the Finance Parties” were a reference to IFC and each reference to “this
Agreement” or “the Financing Documents” were a reference to this Agreement). 
 Section 4.04.
Enforcement. (a) This Agreement is governed by, and shall be construed in accordance with, the laws of New York, United States of America. 

(b) Section 7.05 (Applicable Law and Jurisdiction) of the Common Terms Agreement shall apply herein, mutatis mutandis, as if
set out in this Agreement in full (and as if each reference therein to “each Finance Party”, “any Finance Party” or “the Finance Parties” were a reference to IFC and each reference to “this Agreement”,
“the Financing Documents” or “the Transaction Documents” were a reference to this Agreement). 

  
 14 

 Section 4.05. Successors and Assignees. (a) This Agreement
binds and benefits the respective successors and assignees of the parties hereto. However, the Borrower may not assign or delegate any of its rights or obligations under this Agreement without the prior consent of IFC. Any purported assignment in
violation of this provision shall be void ab initio. 
 (b) IFC may sell, transfer, assign, novate or otherwise dispose of all or part
of its rights or obligations under this Agreement and any other Financing Document (including by granting of participations) in accordance with the provisions of this Agreement; provided that if (i) any such sale, transfer, assignment,
novation or other disposition would result in the cost of compliance by the Borrower with its obligations under Sections 2.11 (Increased Costs), 2.15 (Taxes) or 2.17 (Illegality) of the Common Terms Agreement in excess of any
such cost of compliance had such sale, transfer, assignment, novation or other disposition not taken place, (ii) the Borrower has provided evidence satisfactory to IFC of such cost increase and (iii) no Potential Event of Default or Event
of Default has occurred and is continuing, then the Borrower shall have the right to prepay the IFC Loan in full without penalty or premium. 

Section 4.06. Disclosure of Information. Section 7.06 (Disclosure of Information) of the Common Terms
Agreement shall apply herein, mutatis mutandis, as if set out in this Agreement in full (and as if each reference therein to “each Finance Party”, “any Finance Party” or “the Finance Parties” were a reference to
IFC and each reference to “this Agreement”, “the Financing Documents” or “the Transaction Documents” were a reference to this Agreement). 

Section 4.07. Amendments, Waivers and Consent. Any amendment or waiver of, or any consent given under, any provision
of this Agreement shall be in writing and, in the case of an amendment, signed by the parties to this Agreement. 
 Section 4.08.
Counterparts. This Agreement may be executed in several counterparts, each of which is an original, but all of which together constitute one and the same agreement. 

Section 4.09. English Language. (a) Subject to clause (b), all documents to be provided or communications to be
given or made under this Agreement shall be in the English language. 
 (b) All documents to be provided under this Agreement shall be in the
English language; provided that (i) if the original version of any Transaction Document is in a language other than English, IFC may request in writing that the Borrower provide an English translation certified by an Authorized Representative
to be a true and correct translation of the original of such Transaction Document 

  
 15 

 
and, if the Borrower fails to provide such translation within thirty (30) days of receiving such request, IFC may obtain an English translation of such Transaction Document at the cost and
expense of the Borrower and (ii) any other document to be provided under this Agreement is in a language other than English, such document shall be accompanied by an English translation certified by an Authorized Representative to be a true and
correct translation of the original. 
 {Signature page follows} 

  
 16 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed in their respective names
as of the date first above written. 
  

			
	CP LA CASTELLANA S.A.U.

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Signature Pages to the IFC Loan Agreement] 

 
			
	INTERNATIONAL FINANCE CORPORATION

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Signature Pages to the IFC Loan Agreement] 

 
			
	INTERNATIONAL FINANCE CORPORATION
	as Implementing Entity

 
			
		
	By :	 	  

	Name:	 	  

	Title :	 	  

 [Signature Pages to the IFC Loan Agreement] 

 SCHEDULE 1 

FORM OF LOAN TRANSFER NOTICE 

(See Section 2.01(c) of the Loan Agreement) 

[IFC’s Letterhead] 
 [Date]

 [Borrower’s address] 
 Ladies
and Gentlemen: 
 Investment No. 39065 
 Notice of Loan
Transfer 
 1. Please refer to (a) the IFC Loan Agreement (the “Loan Agreement”), dated October 20, 2017, between CP La Castellana
S.A.U. (the “Borrower”) and International Finance Corporation (“IFC”); and (b) the Common Terms Agreement (the “Common Terms Agreement”) among the Borrower, Inter-American Investment Corporation
(“IIC”), IIC acting as agent for the Inter-American Development Bank (“IDB”), IIC as agent acting on behalf of IDB, in its capacity as administrator of the Canadian Climate Fund for the Private Sector in the Americas
(“C2F”) and IFC. Terms defined in the Loan Agreement and the Common Terms Agreement have their defined meanings whenever used in this request. 

2. IFC hereby gives notice to the Borrower that, effective as of the date of this notice, an amount equal
to                     [specify currency] is transferred from the MCPP Loan to the IFC A Loan, such amount to be applied as follows:
[please tick the following boxes and complete as applicable] 

                     a portion of the remaining undisbursed
amount of the MCPP Loan equal to                      [specify currency] is hereby subtracted from the MCPP Loan and added to the remaining
undisbursed amount of the IFC A Loan; or 

                    a portion of the principal amount of
the MCPP outstanding as of the date of this notice equal to                      [specify currency] is hereby subtracted therefrom and added
to the outstanding principal amount of the IFC A Loan, 
 and effective as of the date of this notice, the rights and obligations of the parties to the Loan
Agreement shall automatically increase with respect to the IFC A Loan and decrease with respect to the MCPP Loan in accordance with and in proportion to the amount of such transfer. 

 3. Accordingly, the Borrower shall repay (subject to Section 1.04 (Business Day Adjustment) of the
Common Terms Agreement and each other applicable provision of the Loan Agreement and the Common Terms Agreement): 
 (a) the IFC A Loan on the following
Interest Payment Dates and in the following amounts: 
  

			
	Interest Payment Dates	  	Principal Amount Due
	  
	  	  

	  
	  	  

	  
	  	  

	  
	  	  

	  
	  	  

	  
	  	  

(b) the MCPP Loan on the following Interest Payment Dates and in the following amounts: 

 

			
	Interest Payment Dates	  	Principal Amount Due
	  
	  	  

	  
	  	  

	  
	  	  

	  
	  	  

	  
	  	  

	  
	  	  

 

	
	Yours truly,
	
	INTERNATIONAL FINANCE CORPORATION
	
	By ________________________]

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