Common use of Key Terms and Conditions of the Bank Credit Clause in Contracts

Key Terms and Conditions of the Bank Credit. 2.1 Master Agreement(s): Agreement on Banking Transactions 2.1.1 Type of Credit: 2.2 Client(s): Name, surname (passport/personal number) 2.3 Amount of Credit: 2.3.1 Total Amount Payable by the Client: 2.4 Term: days 2.5 Interest Rate: For fixed-rate loans: Annual X% From - annual fixed X.0% (the interest rate will apply to credit maturity unless this Agreement provides for a subsequent period when the annual fixed interest rate is revised). From (hereinafter the Date of Revision) - the Annual Indexed Interest Rate will equal: X6% (hereinafter the Base Rate) plus the Refinancing Rate as of the Date of Revision, but no less that 3.5% and no more than 23.7%. Annual X% (S%- (hereinafter the “Base Rate”) plus the Refinancing (Monetary Policy) Rate (hereinafter the “Base Rate Surplus”) set by the National Bank of Georgia as of the Date of Revision. The Indexed Interest Rate (the Base Rate plus the Public Index) will change (decrease or increase) on the following calendar day after the revision of the Public Index (hereinafter the “Date of Revision”) by the same amount as the Public Index (whether it decreases or increases). The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. If the Public Index changes, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. Example #1: If the Indexed Interest Rate on the bank credit is 10% as of the Date of Revision and after the Date of Revision, the Public Index rate decreases by 0.25%, the Indexed Interest Rate on the credit will decrease accordingly to 9.75% on the following calendar day after the Date of Revision. Example #2: If the Indexed Interest Rate on the bank credit is 10% as of the Date of Revision and after the Date of Revision the Public Index rate increases by 0.25%, the Indexed Interest Rate on the credit will increase accordingly to 10.25% on the following calendar day after the Date of Revision. Information about the Public Index (index values) is available anytime on: xxxx://xxx.xxx.xx/. The interest rate consists of the Base Rate plus the Base Rate Supplement (the Public Index). The Base Rate Supplement / the Public Index - is the Refinancing (Monetary Policy) Rate set by the National Bank of Georgia. It may change (increase or decrease) along with the revision of the Refinancing (Monetary Policy) Rate set by the National Bank of Georgia. The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. If the Public Index changes, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. The Base Rate - is the interest rate set by the Bank which may also change (increase or decrease). The need for revision and the new rate will be determined based on the credit policy effective in the Bank, the agreements between the Bank and the Client and/or the changes in interest rates on the Georgian credit market. If the interest rate is revised, the Bank is authorized to charge the difference unilaterally by notifying the Client thereof two months in advance (unless the revision is made based on the provisions of the bilateral agreement between the Bank and the Client). The difference will be charged two months after the Client is notified. In any case, as of and/or after the Date of Revision up to credit maturity, the minimum threshold of the Annual Interest Rate (the Base Rate plus the Base Rate Supplement (Public Index) as of the Date of Revision) shall not be below 3.5% (hereinafter the Minimum Interest Rate) or the Base Rate (if the Minimum Interest Rate and the Base Rate are not equal, the higher of the two shall be the minimum threshold of the interest rate applied to the Bank Credit), while the upper threshold shall not exceed 23.7%. To avoid any misunderstanding/ ambiguity, the Parties hereunder declare and agree that if during the validity period of the Bank Credit Agreement, the Base Rate Supplement (the Public Index) envisaged therein decreases to a negative value (below zero), the value of the Base Rate Supplement (the Public Index) will be defined as zero for the purpose of this Agreement. Annual X8% (X9 (hereinafter the Base Rate) plus 6 (six)-month LIBOR as of the Date of Execution of this Agreement (rounded to the nearest hundredth, hereinafter the Base Rate Supplement). “Libor“ - London Interbank Offered Rate. The annual interest rate will change (decrease or increase) once in every 6 (six) months by the same percent as the 6- month LIBOR (whether it decreases or increases). Example #1: If the Interest Rate on the bank credit is 10% at the Date of Disbursement (of the full credit amount or the first part of the credit) and after 6 (six) months from the Date of Disbursement, the 6 (six)-month LIBOR decreases by 0.25%, the Interest Rate on the credit will decrease accordingly (to 9.75%). Example #2: If the Interest Rate on the bank credit is 10% at the Date of Disbursement (of the full credit amount or the first part of the credit) and after 6 (six) months from the Date of Disbursement, the 6 (six)- month LIBOR increases by 0.25, the Interest Rate on the credit will increase accordingly (to 10.25%). Information about LIBOR (index values) is available anytime on: xxxx://xxx.xxxxxxxxxxx.xx/english/international-interest- rates/libor/libor-interest-rates-us. The interest rate consists of the Base Rate plus the Base Rate Supplement The Base Rate Supplement/Public Index is the 6 (six)-month LIBOR effective as of the Date of Execution of this Agreement. It may change (increase or decrease) by the same percent as the 6 month-Libor (whether it increases or decreases). The revised interest rate will be charged unilaterally once in every 6 (six) months from the credit disbursement. If the Base Rate Supplement/Public Index is revised, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. based on the provisions of the bilateral agreement between the Bank and the Client). The difference will be charged two months after the Client is notified. In any case, as of and/or after the Date of Revision and up to credit maturity, the minimum threshold of the Annual Interest Rate (the Base Rate plus the Base Rate Supplement (Public Index) as of the Date of Revision) shall not be below 3.0% (hereinafter the Minimum Interest Rate) or the Base Rate (or, if the Minimum Interest Rate and the Base Rate are not equal, the higher of the two shall be the minimum threshold of the interest rate applied to the Bank Credit), while the upper threshold shall not exceed 22.0%. The Parties specify that in dates expressed in figures, the first number will refer to the day of month and the second to the month of year. To avoid any misunderstanding/ ambiguity, the Parties hereunder declare and agree that if during the validity period of the Bank Credit Agreement, the Base Rate Supplement (the Public Index) envisaged therein decreases to a negative value (below zero), the value of the Base Rate Supplement (the Public Index) will be defined as zero for the purpose of this Agreement. If the Public Index envisaged in the Agreement is cancelled and/or the Public Index I is no longer available, the Bank can replace the Public Index envisaged in the Agreement with an equivalent or approximately equivalent global stock market index (hereinafter the “New Public Index”) unilaterally (without the Client’s further consent). The New Public Index – 1. will be a global stock market index equal or approximately equal to the Public Index set forth in the Agreement; 2. will have or will be expected to have the same purpose as the Public Index set forth in the Agreement; 3. will be the Public Index to be used by creditors for similar loans under at-the-market offering.

Key Terms and Conditions of the Bank Credit. 2.1 Master Agreement(s): Agreement on Banking Transactions 2.1.1 Type of Credit: 2.2 Client(s): Name, surname (passport/personal number) 2.3 Amount of Credit: 2.3.1 Total Amount Payable by the Client: 2.3.2 Available Amount of Credit 2.4 Term: days 2.5 Interest Rate: For fully fixed-rate loans: Annual X% From - annual fixed X.0% KK% Annual KK% (the interest rate will apply to credit maturity unless this Agreement provides for a subsequent period when the annual fixed interest rate is revised). From (hereinafter the Date of Revision) - the Annual Indexed Interest Rate will equal: X6% (hereinafter the Base Rate) plus the Refinancing Rate as of the Date of Revision, but no less that 3.5% and no more than 23.7%. Annual X% (S%- SS% (hereinafter the “Base Rate”) plus the Refinancing (Monetary Policy) Rate (hereinafter the “Base Rate Surplus”) set by the National Bank of Georgia as of the Date of Revision. The Indexed Interest Rate (the Base Rate plus the Public Index) will change (decrease or increase) on the following calendar day after the revision of the Public Index (hereinafter the “Date of Revision”) by the same amount as the Public Index (whether it decreases or increases). The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. If the Public Index changes, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. Example #1: If the Indexed Interest Rate on the bank credit is 10% as of the Date of Revision and after the Date of Revision, Revision the Public Index rate decreases by 0.25%, the Indexed Interest Rate on the credit will decrease accordingly to 9.75% on the following calendar day after the Date of Revision. Example #2: If the Indexed Interest Rate on the bank credit is 10% as of the Date of Revision and after the Date of Revision the Public Index rate increases by 0.25%, the Indexed Interest Rate on the credit will increase accordingly to 10.25% on the following calendar day after the Date of Revision. Information about the Public Index (index values) is available anytime onanytime: xxxx://xxx.xxx.xx/. The interest rate consists of the Base Rate plus the Base Rate Supplement (the Public Index). The Base Rate Supplement / the Public Index - is the Refinancing (Monetary Policy) Rate set by the National Bank of Georgia. It may change (increase or decrease) along with the revision of the Refinancing (Monetary Policy) Rate set by the National Bank of Georgia. The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. If the Public Index changes, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. The Base Rate - is the interest rate set by the Bank which may also change (increase or decrease). The need for revision and the new rate will be determined based on the credit policy effective in the Bank, the agreements between the Bank and the Client and/or the changes in interest rates on the Georgian credit market. If the interest rate is revised, the Bank is authorized to charge the difference unilaterally by notifying the Client thereof two months in advance (unless the revision is made based on the provisions of the bilateral agreement between the Bank and the Client). The difference will be charged two months after the Client is notified. In any case, as of and/or after the Date of Revision up to credit maturity, the minimum threshold of the Annual Interest Rate (the Base Rate plus the Base Rate Supplement (Public Index) as of the Date of Revision) shall not be below 3.5% (hereinafter the Minimum Interest Rate) or the Base Rate (if the Minimum Interest Rate and the Base Rate are not equal, the higher of the two shall be the minimum threshold of the interest rate applied to the Bank Credit), while the upper threshold shall not exceed 23.7%. To avoid any misunderstanding/ ambiguity, the Parties hereunder declare and agree that if during the validity period of the Bank Credit Agreement, the Base Rate Supplement (the Public Index) envisaged therein decreases to a negative value (below zero), the value of the Base Rate Supplement (the Public Index) will be defined as zero for the purpose of this Agreement. Annual X8% (X9 (hereinafter the Base Rate) plus 6 (six)-month LIBOR as of the Date of Execution of this Agreement (rounded to the nearest hundredth, hereinafter the Base Rate Supplement). “Libor“ - London Interbank Offered Rate. The annual interest rate will change (decrease or increase) once in every 6 (six) months by the same percent as the 6- month LIBOR (whether it decreases or increases). Example #1: If the Interest Rate on the bank credit is 10% at the Date of Disbursement (of the full credit amount or the first part of the credit) and after 6 (six) months from the Date of Disbursement, the 6 (six)-month LIBOR decreases by 0.25%, the Interest Rate on the credit will decrease accordingly (to 9.75%). Example #2: If the Interest Rate on the bank credit is 10% at the Date of Disbursement (of the full credit amount or the first part of the credit) and after 6 (six) months from the Date of Disbursement, the 6 (six)- month LIBOR increases by 0.25, the Interest Rate on the credit will increase accordingly (to 10.25%). Information about LIBOR (index values) is available anytime on: xxxx://xxx.xxxxxxxxxxx.xx/english/international-interest- rates/libor/libor-interest-rates-us. The interest rate consists of the Base Rate plus the Base Rate Supplement The Base Rate Supplement/Public Index is the 6 (six)-month LIBOR effective as of the Date of Execution of this Agreement. It may change (increase or decrease) by the same percent as the 6 month-Libor (whether it increases or decreases). The revised interest rate will be charged unilaterally once in every 6 (six) months from the credit disbursement. If the Base Rate Supplement/Public Index is revised, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. based on the provisions of the bilateral agreement between the Bank and the Client). The difference will be charged two months after the Client is notified. In any case, as of and/or after the Date of Revision and up to credit maturity, the minimum threshold of the Annual Interest Rate (the Base Rate plus the Base Rate Supplement (Public Index) as of the Date of Revision) shall not be below 3.0% (hereinafter the Minimum Interest Rate) or the Base Rate (or, if the Minimum Interest Rate and the Base Rate are not equal, the higher of the two shall be the minimum threshold of the interest rate applied to the Bank Credit), while the upper threshold shall not exceed 22.0%. The Parties specify that in dates expressed in figures, the first number will refer to the day of month and the second to the month of year. To avoid any misunderstanding/ ambiguity, the Parties hereunder declare and agree that if during the validity period of the Bank Credit Agreement, the Base Rate Supplement (the Public Index) envisaged therein decreases to a negative value (below zero), the value of the Base Rate Supplement (the Public Index) will be defined as zero for the purpose of this Agreement. If the Public Index envisaged in the Agreement is cancelled and/or the Public Index I is no longer available, the Bank can replace the Public Index envisaged in the Agreement with an equivalent or approximately equivalent global stock market index (hereinafter the “New Public Index”) unilaterally (without the Client’s further consent). The New Public Index – 1. will be a global stock market index equal or approximately equal to the Public Index set forth in the Agreement; 2. will have or will be expected to have the same purpose as the Public Index set forth in the Agreement; 3. will be the Public Index to be used by creditors for similar loans under at-the-market offering.

Key Terms and Conditions of the Bank Credit. 2.1 Master Agreement(s): Agreement on Banking Transactions 2.1.1 Type of Credit: 2.2 Client(s): Name, surname (passport/personal number) 2.3 Amount of Credit: 2.3.1 Total Amount Payable by the Client: 2.4 Term: days 2.5 Interest Rate: For fully fixed-rate loans: Annual X% From - annual fixed X.0% KK% Annual KK% (the interest rate will apply to credit maturity unless this Agreement provides for a subsequent period when the annual fixed interest rate is revised). From (hereinafter the Date of Revision) - the Annual Indexed Interest Rate will equal: X6% (hereinafter the Base Rate) plus the Refinancing Rate as of the Date of Revision, but no less that 3.5% and no more than 23.7%. Annual X% (S%- SS% (hereinafter the “Base Rate”) plus the Refinancing (Monetary Policy) Rate (hereinafter the “Base Rate Surplus”) set by the National Bank of Georgia as of the Date of Revision. The Indexed Interest Rate (the Base Rate plus the Public Index) will change (decrease or increase) on the following calendar day after the revision of the Public Index (hereinafter the “Date of Revision”) by the same amount as the Public Index (whether it decreases or increases). The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. If the Public Index changes, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. Example #1: If the Indexed Interest Rate on the bank credit is 10% as of the Date of Revision and after the Date of Revision, Revision the Public Index rate decreases by 0.25%, the Indexed Interest Rate on the credit will decrease accordingly to 9.75% on the following calendar day after the Date of Revision. Example #2: If the Indexed Interest Rate on the bank credit is 10% as of the Date of Revision and after the Date of Revision the Public Index rate increases by 0.25%, the Indexed Interest Rate on the credit will increase accordingly to 10.25% on the following calendar day after the Date of Revision. Information about the Public Index (index values) is available anytime onanytime: xxxx://xxx.xxx.xx/. The interest rate consists of the Base Rate plus the Base Rate Supplement (the Public Index). The Base Rate Supplement / the Public Index - is the Refinancing (Monetary Policy) Rate set by the National Bank of Georgia. It may change (increase or decrease) along with the revision of the Refinancing (Monetary Policy) Rate set by the National Bank of Georgia. The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. The revised interest rate will be charged unilaterally on the following calendar day after the Date of Revision. If the Public Index changes, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. The Base Rate - is the interest rate set by the Bank which may also change (increase or decrease). The need for revision and the new rate will be determined based on the credit policy effective in the Bank, the agreements between the Bank and the Client and/or the changes in interest rates on the Georgian credit market. If the interest rate is revised, the Bank is authorized to charge the difference unilaterally by notifying the Client thereof two months in advance (unless the revision is made based on the provisions of the bilateral agreement between the Bank and the Client). The difference will be charged two months after the Client is notified. In any case, as of and/or after the Date of Revision up to credit maturity, the minimum threshold of the Annual Interest Rate (the Base Rate plus the Base Rate Supplement (Public Index) as of the Date of Revision) shall not be below 3.5% (hereinafter the Minimum Interest Rate) or the Base Rate (if the Minimum Interest Rate and the Base Rate are not equal, the higher of the two shall be the minimum threshold of the interest rate applied to the Bank Credit), while the upper threshold shall not exceed 23.7%. To avoid any misunderstanding/ ambiguity, the Parties hereunder declare and agree that if during the validity period of the Bank Credit Agreement, the Base Rate Supplement (the Public Index) envisaged therein decreases to a negative value (below zero), the value of the Base Rate Supplement (the Public Index) will be defined as zero for the purpose of this Agreement. Annual X8% (X9 (hereinafter the Base Rate) plus 6 (six)-month LIBOR as of the Date of Execution of this Agreement (rounded to the nearest hundredth, hereinafter the Base Rate Supplement). “Libor“ - London Interbank Offered Rate. The annual interest rate will change (decrease or increase) once in every 6 (six) months by the same percent as the 6- month LIBOR (whether it decreases or increases). Example #1: If the Interest Rate on the bank credit is 10% at the Date of Disbursement (of the full credit amount or the first part of the credit) and after 6 (six) months from the Date of Disbursement, the 6 (six)-month LIBOR decreases by 0.25%, the Interest Rate on the credit will decrease accordingly (to 9.75%). Example #2: If the Interest Rate on the bank credit is 10% at the Date of Disbursement (of the full credit amount or the first part of the credit) and after 6 (six) months from the Date of Disbursement, the 6 (six)- month LIBOR increases by 0.25, the Interest Rate on the credit will increase accordingly (to 10.25%). Information about LIBOR (index values) is available anytime on: xxxx://xxx.xxxxxxxxxxx.xx/english/international-interest- rates/libor/libor-interest-rates-us. The interest rate consists of the Base Rate plus the Base Rate Supplement The Base Rate Supplement/Public Index is the 6 (six)-month LIBOR effective as of the Date of Execution of this Agreement. It may change (increase or decrease) by the same percent as the 6 month-Libor (whether it increases or decreases). The revised interest rate will be charged unilaterally once in every 6 (six) months from the credit disbursement. If the Base Rate Supplement/Public Index is revised, the Bank will notify the Client thereof within 10 (ten) calendar days of the Date of Revision. based on the provisions of the bilateral agreement between the Bank and the Client). The difference will be charged two months after the Client is notified. In any case, as of and/or after the Date of Revision and up to credit maturity, the minimum threshold of the Annual Interest Rate (the Base Rate plus the Base Rate Supplement (Public Index) as of the Date of Revision) shall not be below 3.0% (hereinafter the Minimum Interest Rate) or the Base Rate (or, if the Minimum Interest Rate and the Base Rate are not equal, the higher of the two shall be the minimum threshold of the interest rate applied to the Bank Credit), while the upper threshold shall not exceed 22.0%. The Parties specify that in dates expressed in figures, the first number will refer to the day of month and the second to the month of year. To avoid any misunderstanding/ ambiguity, the Parties hereunder declare and agree that if during the validity period of the Bank Credit Agreement, the Base Rate Supplement (the Public Index) envisaged therein decreases to a negative value (below zero), the value of the Base Rate Supplement (the Public Index) will be defined as zero for the purpose of this Agreement. If the Public Index envisaged in the Agreement is cancelled and/or the Public Index I is no longer available, the Bank can replace the Public Index envisaged in the Agreement with an equivalent or approximately equivalent global stock market index (hereinafter the “New Public Index”) unilaterally (without the Client’s further consent). The New Public Index – 1. will be a global stock market index equal or approximately equal to the Public Index set forth in the Agreement; 2. will have or will be expected to have the same purpose as the Public Index set forth in the Agreement; 3. will be the Public Index to be used by creditors for similar loans under at-the-market offering.