Common use of Use of Proceeds of the Loan Clause in Contracts

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply make the proceeds of the Loan available to the State upon terms and conditions mutually agreeable to ADB and the Borrower and shall cause the State to apply such proceeds to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB . (b) The Borrower shall cause the State to make available to each of the DISCOMs the Loan under an Onlending Agreement on terms and conditions mutually agreeable to ADB, the Borrower and the State, for carrying out the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. (c) The Borrower may otherwise agree, the terms shall cause each of the Subloan Agreement shall include (i) provisions for interest and repayment period identical DISCOMs to apply such proceeds to the relevant financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and Works, consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and Works, consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, GIMAR upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those applied to the Loan; and (iii) GIMAR bearing the foreign exchange and interest rate variation risks of eight (8) years. The relent the proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;made available thereto. (b) The Borrower shall cause UCSA GIMAR, through HMG and HCDIO, to ensure that (i) onlend the entire proceeds of the Loan are made available to the SPG under a Subloan Agreement HCHC upon terms and conditions satisfactory including (A) commitment charge and interest at the rates identical to ADB for further onlending by those applied to the SPG Loan; (B) a repayment period including a grace period identical to vodokanals on those applied to the same termsLoan; and (C) HCHC bearing the foreign exchange and interest rate variation risks of the proceeds of the Loan made available thereto; and (ii) apply the proceeds of the Loan are applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 October 2020 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, NHA upon terms and conditions mutually agreed between the Borrower and NHA and satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA NHA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where goods or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all goods and services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September June 2014 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend (i) a portion of the entire proceeds of the Loan amounting to UCSA not less than $107,570,000 to APSCL under the APSCL Subsidiary Loan Agreement; (ii) a portion of the proceeds of the Loan amounting to not less than $43,460,000 to PGCB under the PGCB Subsidiary Loan Agreement; and (iii) a portion of the proceeds of the Loan amounting to not less than $41,820,000 to BREB under the BREB Subsidiary Loan Agreement, all upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2021 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA UWSCG under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest charge at the rate applicable from time to time to the Loan plus an additional 0.2of 2% per annum, annum during the grace period and (ii) thereafter and a repayment period of thirty-two (32) years, 25 years including a grace period of eight (8) 5 years. The relent proceeds of the Loan Foreign exchange risk shall be denominated in Dollars and repayment borne by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;UWSCG. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in Works and supplied from and consulting services Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, Guangxi upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for making available to Guangxi the proceeds of the Subsidiary Loan shall include (i) interest rate and commitment charge identical to those of the Loan; (ii) a repayment period and a grace period identical to those of the Loan; and (iii) Guangxi bearing the foreign exchange and interest rate variation risks in respect thereof. (b) Guangxi shall make the proceeds of the Loan available to GCD upon terms and conditions satisfactory to ADB. Except as ADB may otherwise agree, the terms for making available to GCD the proceeds of the Loan shall include (i) interest rate and commitment charge identical to those of the Loan; (ii) a repayment period and a grace period identical to those of the Loan; and (iii) GCD bearing the foreign exchange and interest rate variation risks in respect thereof. (c) On incorporation of GCIG, the Borrower shall, through Guangxi, cause GCD to onlend the proceeds of the Loan, or a part thereof, to GCIG under an Onlending Agreement upon terms and conditions satisfactory to ADB. Except as ADB may otherwise agree, the terms and conditions of the Onlending Agreement shall include (i) interest at rate and commitment charge identical to those of the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including and a grace period identical to those of eight the Loan; (8) years. The relent iii) GCIG bearing the foreign exchange and interest variation risks of such proceeds of the Loan onlent thereto; and (iv) GCIG performing the obligations to the extent applicable to itself as provided in the Project Agreement which shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time made an integral part of the repayment;Onlending Agreement. (bd) The Borrower shall cause UCSA Guangxi, GCD, and GCIG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 April 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA EXIM under a Subsidiary Loan Agreement, ; EXIM shall onlend the proceeds of the Loan to CHNG under the CHNG Onlending Agreement; CHNG shall onlend the proceeds of the Loan to Greengen under the Greengen Onlending Agreement; Greengen shall onlend the proceeds of the Loan to HTICL under the HTICL Onlending Agreement; in each case upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for onlending the proceeds of the Subsidiary Loan Agreement from EXIM to CHNG shall include (i) interest at the same rate applicable from time to time to the of interest specified in Section 2.02 of this Loan Agreement plus an additional 0.2administration fee of 0.15% per annum, and (ii) a principle repayment period of thirty-two (32) years, including 20 years and a grace period of eight (8) 6 years. The relent proceeds of HTICL shall bear the Loan shall be denominated in Dollars foreign exchange and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange interest rate prevailing at the time of the repayment;fluctuation risks. (b) The Borrower shall cause UCSA CHNG and HTICL to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Goods and Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods or Works have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods and Works financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply make the proceeds of the this Loan available on a non-refundable basis to the financing of expenditures MDF for the Project purposes of its capacity development and financing specific development subprojects in accordance with the provisions of Charter, this Loan Agreement and the Project Agreement. The Borrower shall enter into the Project Implementation Agreement, providing inter alia for the use of the proceeds of the Loan by MDF in carrying out the Project, and the rights of the Borrower and ADB with respect thereto. Such Project Implementation Agreement shall be in form and on terms and conditions acceptable to ADB, and shall be without prejudice to, and without limitation on, the obligations of the Borrower under this Loan Agreement. (a) The amount of the Loan may be withdrawn from the Loan Account to finance (i) the reasonable foreign-currency cost of Goods, Works and consulting services and other items of expenditures required for a subproject and (ii) a portion of the local-currency cost of Goods, Works and consulting services required for a subproject. (b) Except as ADB and the Borrower may otherwise agree, the terms proceeds of the Subloan Agreement Loan shall include (i) provisions be used only for interest making a subloan or grant to a qualified MG in respect of which such Loan proceeds were withdrawn from the Loan Account, and repayment period identical shall be applied exclusively to the relevant provisions cost of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure required to be financed carry out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account subproject in respect of Goods, Works and consulting services shall be made only on account of expenditures relating towhich such Loan proceeds were withdrawn. (ac) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan AgreementAgreement as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.053.03. Withdrawals from the Loan Account in respect of Goods, Works, and consulting services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September June 2014 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time available to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement State upon terms and conditions satisfactory to ADB for further onlending by and shall cause the SPG State to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB . (b) The Borrower shall cause the State to apply the proceeds of the Loan to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to this Loan Agreement. ADB may refuse to finance a contract where goods or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all goods and services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available, through GPG and SMG, to UCSA under a Subsidiary Loan Agreement, CDG upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of on which the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars made available to CDG shall include (i) commitment charge and repayment by UCSA interest at the rates identical to those applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; (ii) the Central Bank of Uzbekistan repayment period including the grace period identical to that applied to the Loan; and (iii) CDG bearing the foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall shall, through GPG and SMG, cause UCSA CDG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 March 2020 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. Section 3.01. The Project for which the Loan is made is to finance Subprojects as described in the XXX. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon HPG in accordance with the terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include including (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those applied to the Loan; and (iii) HPG bearing the foreign exchange and interest rate variation risks of eight (8) years. The relent the proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;made available thereto. (b) The Borrower shall cause UCSA HPG to (i) onlend make the entire proceeds Loan available to HXB in accordance with the provisions of the Loan Fund Management Regulation and the XXX. (c) The Borrower shall cause HPG, through HXB, to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply onlend the proceeds of the Loan to Subborrowers under Subloan Agreements in form and on terms and conditions acceptable to ADB. (a) Except as ADB may otherwise agree, the financing proceeds of each part of the Loan shall be used only for making a Subloan to a Subborrower in respect of which such part of the Loan was withdrawn from the Loan Account and shall be applied exclusively to the cost of Goods and Works required to carry out the Subproject of the First Batch in respect of which such part of the Loan was withdrawn. (b) Except as ADB may otherwise agree, the Loan proceeds shall be disbursed in accordance with the Loan Disbursement Handbook and shall finance 100% of each Subloan which shall be used for eligible expenditures under the Project. (c) Except as ADB may otherwise agree, the Borrower through HPG shall ensure that Subloans shall be disbursed to the Subborrowers in accordance with the detailed procedures as described in the Project Agreement and the XXX. (d) The SAW procedure shall be used (i) for each withdrawal request, and (ii) for reimbursement of eligible expenditures for the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agreeDisbursement Handbook, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical Special Disbursement Guidelines Applicable to the relevant provisions of the Subsidiary Financial Intermediation Loan Agreement;and any other arrangements agreed upon between HPG and ADB. (iie) Notwithstanding any other provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may no withdrawals shall be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals made from the Loan Account in respect of Goodsany Subproject of the First Batch until (i) the Borrower shall have caused HPG, Works through HFB, to certify to ADB that the Subloan Agreement related to any such Subproject, which shall include the terms and consulting services conditions as referred to in Sections 2.03 and 2.04 of the Project Agreement, have been duly executed and delivered on behalf of HXB and the Subborrower and have become fully effective and binding upon the parties thereto in accordance with their terms; and (ii) HPG shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of have caused the PMO to certify to ADB that the ESMS for the Project, as attached to the PAM, shall have been specified endorsed and adopted by ADB from time to time as eligible sources for procurement, andthe PMO. (bf) GoodsWithdrawals from the Loan Account may be made for reimbursement of reasonable expenditures incurred under the Project before the Effective Date, Works and consulting services which meet but not earlier than 6 months before the date of this Loan Agreement, subject to a maximum amount equivalent to 20% of the Loan amount provided such other eligibility requirements as expenditures shall have been specified by ADB from time incurred in compliance with the provisions of Schedule 2 to timethis Loan Agreement. Section 3.04. (g) Except as ADB may otherwise agree, all Goods, Goods and Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 2 to this Loan Agreement. Section 3.053.04. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2017 or such other date as may from time to time be agreed between ADB and the Borrower and ADBBorrower.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement RDA upon terms and conditions satisfactory to ADB for further onlending by the SPG and shall cause RDA to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 December 2010 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, all goods and services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to this Loan Agreement. ADB may refuse to finance a contract where goods or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all goods and services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works goods and consulting services shall be made only on account of expenditures relating to (a) Goods goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works goods and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.043.06. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of The closing date for withdrawals from the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date Account for the purposes of Section 8.02 8.03 of the Loan Regulations shall be 30 September 2014 31 December 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement YPG upon terms and conditions satisfactory to ADB for further onlending by the SPG and shall cause YPG to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms for the proceeds of the Subloan Agreement Loan made available to YPG shall include include (i) provisions for a commitment charge and interest and at the rates identical to those applied to the Loan; (ii) a repayment period including a grace period identical to that applied to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repaymentLoan; and (iii) that the SPG shall bear YPG bearing the foreign exchange riskand interest rate variation risks. (b) The Borrower shall through YPG ensure that YPDOT and YHAB shall apply the proceeds of the Loan to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 March 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall (i) relend to CEB in Rupees a portion of the entire proceeds of the Loan in an amount equivalent to UCSA fourteen million four hundred eighty five thousand Special Drawing Rights (SDR14,485,000) for the purpose of carrying out Part 7 of the Project, and (ii) make available the balance of the proceeds of the Loan, together with other funds required for the Project, as a grant to CEB for the purpose of carrying out Part 8 of the Project; both under a CEB Subsidiary Loan Agreement, Financing Agreement upon terms and conditions satisfactory to ADB. . (b) Except as the Borrower and ADB shall may otherwise agree, the terms for relending a portion of the Subsidiary proceeds of the Loan Agreement to CEB shall include (i) interest at the rate applicable from time to time average weighted deposit rate, subject to the Loan plus an additional 0.2% maximum rate of ten percent (10%) per annum, annum and (ii) a repayment period of thirty-two twenty (3220) years, including a grace period of eight five (8) 5) years. The relent proceeds of ; and that the Loan foreign exchange risk shall be denominated in Dollars and repayment borne by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower. (bc) The Borrower shall cause UCSA CEB to (i) onlend the entire apply such proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Goods and Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Goods and Works and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Goods and Works and consulting services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Goods and Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Goods and Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to HPG on terms and conditions acceptable to ADB. Except as ADB may otherwise agree, the terms shall include (i) commitment charge and interest at the rate identical to that applied to the Loan; (ii) a repayment period including a grace period identical to those applied to the Loan; and (iii) HPG bearing the foreign exchange and interest rate variation risks. (b) The Borrower shall cause HPG to make available the proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, HPTD upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms and conditions upon which the proceeds of the Subsidiary Loan Agreement are made available to HPTD shall include (i) a commitment charge and interest at the same rate applicable from time to time to as the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to that of eight the Loan; (8) years. The relent iii) HPTD bearing foreign exchange and interest rate variation risks of such proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same termsmade available thereto; and (iiiv) an obligation that HPTD (A) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB , and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (iB) provisions for interest and repayment period identical perform all obligations to the relevant provisions of extent applicable to it as provided in the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other categorization of the items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services items of expenditure to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2015 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend a portion of the entire proceeds of the Loan ($199,600,000), in Sum equivalent, to UCSA QQB under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA QQB to (i) onlend apply the entire proceeds of the Loan described in subsection (a) hereinabove to the SPG under a Subloan financing of expenditures on Part 1 of the Project in accordance with this Loan Agreement and the Project Agreement. Section 3.02. The Borrower shall make the remainder of the proceeds of the Loan ($400,000) available to MOE upon terms and conditions satisfactory to ADB for further onlending by the SPG ADB, and cause MOE to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on Part 2 of the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement;. (iia) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from (b) Notwithstanding the Loan Account in respect generality of Goods, Works and consulting services shall be made only on account of expenditures relating to subsection (a) Goods which are produced hereinabove and except as ADB may otherwise agree, the proceeds of the Loan described in Section 3.01(a) of this Loan Agreement shall be used only for making Subloans to Qualified Subborrowers for Qualified Subprojects and supplied from and consulting services which are supplied from such member countries shall be applied exclusively for the financing of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeexpenditures under Part 1 of the Project. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services Consulting Services to be financed out of the proceeds of the Loan shall to be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.05. The Loan Closing Date for Except as ADB may otherwise agree, the purposes Borrower shall cause all items of Section 8.02 expenditure financed out of the proceeds of the Loan Regulations shall to be 30 September 2014 or such other date as may from time to time be agreed between used exclusively in the Borrower and ADBcarrying out of the Project.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA UWSCG under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest at the same per annum rate applicable from time as is payable by the Borrower to time to the ADB under this Loan plus an additional 0.2% per annum, Agreement (inclusive of foreign exchange risk) and (ii) a repayment period of thirty-two (32) years, 24 years including a grace period of eight (8) 13 years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 2 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to the Special Operations Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, JPG upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for the proceeds of the Subsidiary Loan Agreement made available to JPG shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those applied to the Loan; and (iii) JPG bearing the foreign exchange and interest rate variation risks of eight (8) years. The relent the proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;made available thereto. (b) The Borrower shall cause UCSA JPG to ensure that (i) onlend the entire proceeds of the Loan are made available to the SPG under a Subloan Agreement BSMG and BCMG upon terms and conditions satisfactory including (A) commitment charge and interest at the rates identical to ADB for further onlending by those applied to the SPG Loan; (B) a repayment period including a grace period identical to vodokanals on those applied to the same termsLoan; and (C) each BSMG and BCMG bearing the foreign exchange and interest rate variation risks of the proceeds of the Loan made available thereto; and (ii) apply the proceeds of the Loan are applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall make available the amount of Loan A to MOLISA to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement. (b) The Borrower shall relend the entire proceeds amount of Loan B, together with the service charges levied under the Borrower’s Regulations on re-lending of the Government's Foreign Loan and Aid Capital, to UCSA VDB under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, VDB shall bear the foreign exchange risk. The Borrower shall cause VDB to onlend the proceeds of Loan B to the Project PVTIs under Onlending Agreements, upon terms of and conditions acceptable to ADB, including the Subsidiary provisions set out in this Loan Agreement shall include (i) interest at and the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Project Agreement. (bc) The Borrower shall cause UCSA MOLISA and VDB to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan Loans to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures Loans shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure or cause to be procured items of expenditure in accordance with the applicable provisions of Schedule 4 to this Loan Agreement. Section 3.04. Withdrawals from the Loan Account Accounts in respect of Goods, Works Works, and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works Works, and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 29 February 2016 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement. (b) The Borrower shall relend, under a Subsidiary Loan Agreement part of the proceeds of the Loan not exceeding seven million five hundred thousand dollars ($7,500,000), on the same terms and the Project Agreement. Except conditions as ADB and are applicable to the Borrower plus additional charges required under the local laws and regulations, together with other funds that may otherwise agreebe required, to the terms Super ESCO that shall be established by the Borrower in accordance with the relevant laws and regulations of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange riskBorrower. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 October 2011 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, the State upon terms and conditions satisfactory mutually agreeable to ADB. Except as ADB and the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower. (b) The Borrower shall cause UCSA the State to (i) onlend make the entire proceeds of the Loan available to the SPG HPPCL under a Subloan Agreement upon terms and conditions satisfactory arm’s length onlending arrangements acceptable to ADB for further onlending by (“Onlending Arrangements”). (c) The Borrower shall cause the SPG State and HPPCL to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Works or Goods have not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for withdrawals from the Loan Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2016 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, the State upon terms and conditions satisfactory mutually agreeable to ADB. Except as ADB and the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower. (b) The Subject to the provisions of the FFA, the Borrower shall cause UCSA the State to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply make the proceeds of the Loan available to HPPTCL under an Onlending Agreement on terms and conditions mutually acceptable to ADB. The Borrower shall submit, or cause the State to submit, the Onlending Agreement to ADB within one month from the Effective Date. (c) The Borrower shall cause the State and HPPTCL to apply such proceeds to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, XUARG upon terms and conditions satisfactory acceptable to ADB. Except as the Borrower and ADB shall otherwise agree, the terms under a series of the Subsidiary Loan Agreement shall include onlending agreements including: (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA identical to those applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; and (iii) XUARG bearing the Central Bank of Uzbekistan foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall cause UCSA XUARG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply ensure that the proceeds of the Loan are applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2021 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary SPG, and SPG, through their Finance Bureau, make the proceeds of the Loan Agreement, Available to SPTD and the Project Implementing Agencies upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for the proceeds of the Subsidiary Loan Agreement made available to SPG shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those applied to the Loan; and (iii) SPTD bearing the foreign exchange and interest rate variation risks of eight (8) yearsthe proceeds of the Loan made available thereto. The relent Borrower shall cause SPG to ensure that the proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2020 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply make the proceeds of the this Loan available on a grant basis to the financing of expenditures MDF for the Project in accordance with the provisions purposes of this Loan Agreement and carrying out the Project under a Project Implementation Agreement. Except as ADB and , providing inter alia for the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out use of the proceeds of the Loan by MDF in carrying out each Part of the Project, and the allocation of amounts rights of the Loan among different categories of such Goods, Works Borrower and consulting services and other items of expenditures ADB with respect thereto. Such Project Implementation Agreement shall be in accordance with form and on terms and conditions acceptable to ADB, and shall be without prejudice to, and without limitation on, the provisions obligations of Schedule 3 to the Borrower under this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced Except as ADB may otherwise agree, for the purposes of carrying out Part A of the Project (i) a portion of the Loan proceeds in an amount equivalent to SDR10,473,000 shall be used for making a combination of subloans and supplied from grants to the MGs for subprojects (“Window 1”) upon terms and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time conditions acceptable to time as eligible sources for procurementADB, and (ii) a portion of the Loan proceeds in an amount equivalent to SDR10,473,000 shall be used for making grants to the MGs for subprojects (“Window 2”) upon terms and conditions acceptable to ADB. (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.03. Withdrawals from the Loan Account in respect of Goods, Works, consulting services and other expenditures shall be made in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB, only on account of expenditures relating to (a) Goods, Works and consulting services which are produced in and supplied from and services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, CMG upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan made available to CMG shall be denominated in Dollars include: (i) commitment charge and repayment by UCSA interest at the rates identical to those applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; (ii) the Central Bank of Uzbekistan repayment period including the grace period identical to those applied to the Loan; and (iii) CMG bearing the foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall through CMG cause UCSA to (i) onlend the entire proceeds of the Loan to be made available to the SPG under a Subloan Agreement upon IAs on terms and conditions satisfactory acceptable to ADB for further onlending by ADB, which, among others, shall include (i) commitment charge and interest at the SPG rates identical to vodokanals on those applied to the same termsLoan; (ii) a repayment period including a grace period identical to those applied to the Loan; (iii) each concerned IA bearing the foreign exchange and interest rate variation risks of the proceeds of the Loan made available thereto; and (iiiv) provisions to ensure that the IAs perform the obligations provided in this Loan Agreement and the Project Agreement, to the extent applicable thereto. (c) The Borrower shall cause CMG, and through CMG cause the IAs and PIUs to apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA YPG upon terms and conditions acceptable to ADB. Except as ADB may otherwise agree, the terms for the proceeds of the Loan made available to YPG shall include (i) commitment charge and interest at the rates identical to that applied to the Loan; (ii) a repayment period including a grace period identical to that applied to the Loan; and (iii) YPG bearing the foreign exchange and interest rate variation risks. (b) The Borrower shall cause YPG to apply a portion of the proceeds of the Loan in an amount of $6,000,000 for Component C. The Borrower shall cause YPG to onlend a portion of the proceeds of the Loan in an amount of $194,000,000 to WKEC under a Subsidiary Loan Agreement, an Onlending Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of and conditions in the Subsidiary Loan Onlending Agreement shall include (i) commitment charge and interest at the same rate applicable from time to time to as the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to that of eight the Loan; (8) years. The relent iii) WKEC bearing the foreign exchange and interest variation risks of such proceeds of the Loan onlent thereto; and (iv) WKEC performing all such obligations, to the extent applicable to it, as provided in the Project Agreement and such obligations shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time made an integral part of the repayment;Onlending Agreement. (bc) The Borrower shall cause UCSA YPG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not consistent with the concerned policy and guidelines of ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend make the entire proceeds of the Loan available, through HPG and ETMAPG, to UCSA under a Subsidiary Loan Agreement, Enshi City Government and Lichuan City Government upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for the proceeds of the Subsidiary Loan Agreement made available shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those applied to the Loan; and (iii) Enshi City Government and Lichuan City Government bearing the foreign exchange and interest rate variation risks of eight (8) yearsthe proceeds of the Loan made available thereto. Section 3.02. The relent proceeds of the Loan shall be denominated in Dollars allocated and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 January 2021 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA CIPA under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of the Subsidiary proceeds of the Loan Agreement made available to CIPA shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a the repayment period of thirty-two (32) years, including a the grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA identical to those applied to the Loan; and (iii) the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at bearing the Central Bank of Uzbekistan foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall cause UCSA CIPA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 2 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this the Special Operations Loan Agreement. ADB may refuse to finance a contract where Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, the State upon terms and conditions satisfactory mutually agreeable to ADB. Except as ADB and the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower. (b) The Borrower shall cause UCSA the State to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply make the proceeds of the Loan available to MP Transco and each of the DISCOMs under Onlending Agreements on terms and conditions mutually acceptable to ADB, the Borrower and the State. (c) The Borrower shall cause the State and Project Executing Agencies to apply such proceeds to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available, through APG, to UCSA under a Subsidiary Loan Agreement, APDOT and the Borrowing Counties upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for making the corresponding portion of the Subsidiary proceeds of the Loan Agreement available to APDOT and the Borrowing Counties shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a grace period and a principal repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA identical to those applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; and (iii) APDOT and the Central Bank of Uzbekistan Borrowing Counties bearing the foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall shall, through APG, cause UCSA APDOT to (i) onlend make available the entire corresponding portion of the proceeds of the Loan to APPSCIG under the SPG under a Subloan Agreement upon terms funding arrangements. (c) The Borrower shall, through APG, cause APDOT, the Borrowing Counties and conditions satisfactory APPSCIG to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply apply, the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 April 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA DABM under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars relent to DABM on the same terms and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time conditions as those of the repayment;Loan, with the foreign exchange risk being borne by the Borrower. (b) The Borrower shall cause UCSA DABM to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project Afghan Component in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 2009 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA EPSO in the amount equivalent to thirteen million six hundred thousand Dollars ($13,600,000) and to HVEN in the amount equivalent to twenty three million four hundred thousand Dollars ($23,400,000), in each case under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) an interest at the same rate as the interest applicable from time to time to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including and a grace period identical to those of eight the Loan; and (8) years. The relent iii) each of EPSO and HVEN bearing any foreign exchange risk of such proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;relent thereto. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2020 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Subject to the provisions of sub-paragraph (b) below, the Borrower shall relend the entire proceeds of the Loan to UCSA LHSE under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall upon substantially the same terms and conditions as applied under the Loan, said terms and conditions to include (i) interest at the rate applicable from time those set forth in paragraph 37 of Schedule 5 to time to the this Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Agreement. (b) The Borrower shall cause UCSA to ensure that (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan made available to LHSE under the financing Subsidiary Loan Agreement in the amount of expenditures for fifty-six million seven hundred thousand Dollars ($56,700,000) are promptly thereafter made available by LHSE to NN3PC as the Project Government of the Borrower’s equity contribution under the Equity Contribution Deed upon terms and conditions therein, and (ii) the proceeds of the Loan made available to LHSE under the Subsidiary Loan Agreement in the amount of twenty-three million Dollars ($23,000,000) are promptly thereafter made available by LHSE to NN3PC as the shareholder’s loan under the Equity Contribution Deed upon terms and conditions therein and in accordance with the provisions paragraph 38 of Schedule 5 to this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend make the entire proceeds of the Loan available to UCSA the Pourashavas covered under a Subsidiary Loan Agreement, upon the Project on the following terms and conditions satisfactory to ADB. Except as conditions: (a) the Borrower financing for civil works and ADB equipment for revenue generating subprojects, in particular water supply, bus and truck terminals, and markets, shall otherwise agreebe provided in a blend of 50% loan and 50% grant for Class A Pourashavas, and a blend of 30% loan and 70% grant for Class B Pourashavas; the terms of the Subsidiary Loan Agreement loan portion shall include (i) interest at the rate applicable from time to time be made available to the Loan plus Pourashavas through a subsidiary loan agreement between the Finance Division, Ministry of Finance, and the concerned Pourashava, whereby the loan shall be denominated in local currency, have an additional 0.2interest charge of 4% per annum, and (ii) a repayment period of thirty-two (32) 20 years, including a 5-years grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars period, and repayment by UCSA to whereby the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at bear the Central Bank of Uzbekistan foreign exchange rate prevailing at the time of the repayment;. risk; (b) the financing of all subprojects other than those mentioned in (a) shall be on a 100% grant basis. The Borrower shall cause UCSA the Pourashavas to (i) onlend the entire apply such proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of the expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works Works, and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works Works, and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, all Goods, Works, and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Withdrawals from the Loan Account in respect of Goods, Works Works, and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works Works, and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2015 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA Petrobangla under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of for relending the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars include the same interest rate, amortization period and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time grace period as those of the repayment;Loan. (b) The Borrower shall cause UCSA Petrobangla to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works goods and consulting services shall be made only on account of expenditures relating to (a) Goods goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works goods and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 December 2010 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan required for the Project to UCSA CIPA under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of the Subsidiary proceeds of the Loan Agreement made available to CIPA shall include (i) interest at the rate applicable from time identical to time that applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a the repayment period of thirty-two (32) years, including a the grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA identical to those applied to the Loan; and (iii) the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at bearing the Central Bank of Uzbekistan foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall cause UCSA CIPA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 December 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan in Rupees together with other funds required by the Support Project to UCSA PEPCO under a Subsidiary Loan Agreement, Relending Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include include: (i) interest at the same rate applicable from time to time to as that of the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to that of eight the Loan; and (8) years. The relent proceeds iii) the Borrower bearing the foreign exchange risk of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;proceeds so relent. (b) The Borrower shall cause UCSA PEPCO to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Support Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure expenditures to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 December 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make available through budgetary allocations the entire proceeds of the Loan to UCSA under a Subsidiary MoIPSI for the purpose of carrying out the Project and shall cause MoIPSI to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA MoIPSI to (i) onlend make a portion of the entire proceeds of the Loan equivalent to one million three hundred ninety thousand Special Drawing Rights (SDR 1,390,000.00) available to SMEDA for Components 1 and 2 of the SPG under a Subloan Agreement Project upon terms and conditions satisfactory to ADB for further onlending by the SPG and shall cause SMEDA to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as . (c) Upon decision of establishment of REMC, the Borrower shall cause MoIPSI to make a portion of the proceeds of the Loan equivalent to one million seven hundred four thousand Special Drawing Rights (SDR 1,704,000.00) available to REMC for Component 3 of the Project upon terms and conditions satisfactory to ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical cause REMC to apply such proceeds to the relevant financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works goods and consulting services shall be made only on account of expenditures relating to (a) Goods goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works goods and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2009 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, YPG upon terms and conditions satisfactory acceptable to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for the proceeds of the Subsidiary Loan Agreement made available to YPG shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those applied to the Loan; and (iii) YPG bearing the foreign exchange and interest rate variation risks of eight (8) years. The relent the proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;made available thereto. (b) The Borrower shall cause UCSA YPG to ensure that (i) onlend the entire proceeds of the Loan are, through CPG, made available to the SPG under a Subloan Agreement Project Implementing Agencies upon terms and conditions satisfactory including (A) commitment charge and interest at the rates identical to ADB for further onlending by those applied to the SPG Loan; (B) a repayment period including a grace period identical to vodokanals on those applied to the same termsLoan; and (C) each Project Implementing Agency bearing the foreign exchange and interest rate variation risks of the proceeds of the Loan made available thereto; and (ii) apply the proceeds of the Loan are applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan an amount equivalent to UCSA twenty four million six hundred and sixty seven thousand Special Drawing Rights (SDR 24,667,000) to LLDF under a Subsidiary Loan Agreement, Agreement for Component B of the Project upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms for relending parts of the Subsidiary proceeds of the Loan Agreement shall include (i) a relending interest rate at the same rate as that applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-thirty two (32) years, years including a grace period of eight (8) years. The relent proceeds Borrower shall bear the foreign exchange risk of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Loan. (b) The Borrower shall cause UCSA MPCLG and LLDF to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement, the Project Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement;. (iic) provision that The Borrower shall make available through budgetary allocations an amount equivalent to at least six million four hundred and eighty two thousand Special Drawing Rights (SDR 6,482,000) to MPCLG for the repayment purpose of carrying out Component A and Component C of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange riskProject. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works goods and consulting services shall be made only on account of expenditures relating to (a) Goods goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works goods and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 April 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA VEC under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time equal to the sum of (i) the rate specified in Section 2.02 of this Loan plus an additional 0.2% per annumAgreement, and (ii) a repayment period of thirtyan on-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA lending fee pursuant to the Borrower’s regulations, plus the commitment charge specified in Section 2.03 of this Loan Agreement, and any other charge payable by the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;under this Loan Agreement. (b) The Borrower shall cause UCSA VEC to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 2 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 3 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA UWSCG under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest charge at the rate applicable from time to time to the Loan plus an additional 0.2of 1% per annumannum during the grace period, and (ii) 1.5% per annum thereafter, and a repayment period of thirty-two (32) 32 years, including a grace period of eight (8) 8 years. The relent proceeds of the Loan Foreign exchange risk shall be denominated in Dollars and repayment borne by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;UWSCG. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2017 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA IPBC under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2of 2.02% per annum, annum during the grace period and thereafter (iiinclusive of foreign exchange risk) and a repayment period of thirty-two (32) years, 32 years including a grace period of eight (8) 8 years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA IPBC to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 2 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to the Initial Special Operations Loan Agreement which is incorporated herein by reference and forms an integral part of this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 31 December 2014 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, the State upon terms and conditions satisfactory as mutually agreeable to ADB. Except as ADB and the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower. (b) The Borrower shall cause UCSA the State to (i) onlend make available to UJVNL through UED an amount of thirty nine million one hundred ten thousand dollars ($39,110,000) from the entire Loan proceeds for Part A of the Loan Project; and (ii) make available to PTCUL through UED an amount of two million eight hundred ten thousand dollars ($2,810,000) for Part B of the SPG under a Subloan Agreement Project, upon terms and conditions satisfactory to ADB for further onlending by ADB. (c) The Borrower shall cause the SPG State to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA AWSC under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest at the same rate as the interest applicable from time to time to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those of eight the Loan; and (8) years. The relent iii) AWSC bearing the foreign exchange risk of such proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;relent thereto. (b) The Borrower shall cause UCSA AWSC to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 October 2017 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan in the amount of sixty-nine million Dollars ($69,000,000) to UCSA Maxsustrans for the financing of the Project under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest and other charges at the rate rates applicable to the Loan from time to time to (with Maxsustrans bearing the Loan plus an additional 0.2% per annum, foreign exchange risk) and (ii) a repayment period term of thirty-two (32) years, 25 years including a grace period of eight (8) 5 years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make available the entire proceeds of the Loan through SPG to UCSA under a Subsidiary Loan Agreement, XMG upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for making available to XMG the proceeds of the Subsidiary Loan Agreement shall include (i) interest at the same rate applicable from time to time to as the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those of eight the Loan; (8) years. The relent iii) a commitment charge identical to that of the Loan; and (iv) XMG bearing the foreign exchange and interest variation risks of such proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;relent thereto. (b) The Borrower XMG shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG XIIG under a Subloan an Onlending Agreement upon terms and conditions satisfactory to ADB. Except as ADB may otherwise agree, the terms for further onlending by the SPG to vodokanals on proceeds of the Loan shall include (i) interest at the same termsrate as the Loan; (ii) a repayment period including a grace period identical with those of the Loan; (iii) a commitment charge identical to that of the Loan; and (iiiv) XMG bearing the foreign exchange and interest variation risks of such proceeds of the Loan onlent thereto. (c) The Borrower shall through SPG cause XMG and XIIG to apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Schedule to the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2017 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, GPG upon terms and conditions satisfactory acceptable to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for the proceeds of the Subsidiary Loan Agreement made available to GPG shall include include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA identical to those applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; and (iii) GPG and TMG bearing the Central Bank of Uzbekistan foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall cause UCSA to (i) onlend shall, through GPG, make the entire proceeds of the Loan available to TMG. Except that ADB may otherwise agree, the SPG under a Subloan Agreement upon terms and conditions satisfactory of the proceeds of the Loan made available to ADB for further onlending by TMG shall include (i) commitment charge and interest at the SPG rates identical to vodokanals on those applied to the same termsLoan; (ii) a repayment period including a grace period identical to those applied to the Loan; and (iiiii) TMG bearing the foreign exchange and interest rate variation risks associated with the portion of the loan proceeds made available thereto. (c) The Borrower shall, through GPG, cause TMG to apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not acceptable to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2016 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan as allocated towards Parts 1, 2, and 4 to UCSA NEA as a loan under a Subsidiary Loan Agreement, Financing Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend relend the entire proceeds of the Loan as allocated towards Parts 3 and 4 to the SPG AEPC as a loan under a Subloan Agreement Financing Arrangement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and ADB. (iic) apply The Borrower shall cause the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement, the NEA Project Agreement and the AEPC Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time Schedule 4 to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timethis Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2022 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available, through SPG, to UCSA under a Subsidiary Loan Agreement, WMG upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of on which the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars made available to WMG shall include (i) commitment charge and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted interest at the Central Bank of Uzbekistan exchange same rate prevailing at the time as that of the repayment;Loan; (ii) the same principal repayment period and grace period as that of the Loan; and (iii) WMG bearing the foreign exchange and interest rate variation risks. (b) The Borrower shall shall, through SPG, cause UCSA WMG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, the State upon terms and conditions satisfactory to ADB. Except as the Borrower Bank and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA the State to (i) onlend the entire apply such proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and . (b) The Borrower shall cause the Borrower may otherwise agree, State to relend the terms proceeds of the Subloan Agreement shall include (i) provisions Loan together with other funds required for interest the Project, to each Project Town pursuant to an Onlending Agreement, upon terms and repayment period identical conditions satisfactory to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange riskBank. Section 3.02. The Goodsgoods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goodsgoods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADBthe Bank. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB the Borrower and the Bank may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to this Loan Agreement. The Bank may refuse to finance a contract where goods and services have not been procured under procedures substantially in accordance with those agreed between the Borrower and the Bank or where the terms and conditions of the contract are not satisfactory to the Bank. Section 3.04. Except as the Borrower and the Bank may otherwise agree, the Borrower shall cause all goods and services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of (i) Section 8.02 8.03 of the Pool-Based Loan Regulations Regulations; and (ii) Section 9.02 of the LIBOR-Based Loan Regulations, shall be 30 September 2014 June 2005 or such other date as may from time to time be agreed between the Borrower and ADBthe Bank.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA EVN under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of for relending the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA include interest at a rate equal to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time sum of the repayment;rate specified in Section 2.02 above plus related fees, pursuant to the Borrower’s relevant regulations. The commitment charge to be incurred pursuant to Section 2.03 above and any other related charges payable by the Borrower under this Loan Agreement shall be paid by EVN. (b) The Borrower shall cause UCSA EVN to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September June 2014 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, HPG upon terms and conditions satisfactory acceptable to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for the proceeds of the Subsidiary Loan Agreement made available to HPG shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those applied to the Loan; and (iii) HPG bearing the foreign exchange and interest rate variation risks of eight (8) years. The relent the proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;made available thereto. (b) The Borrower shall cause UCSA HPG to ensure that (i) onlend the entire proceeds of the Loan are made available to the SPG under a Subloan Agreement HMG upon terms and conditions satisfactory including (A) commitment charge and interest at the rates identical to ADB for further onlending by those applied to the SPG Loan; (B) a repayment period including a grace period identical to vodokanals on those applied to the same termsLoan; and (C) HMG bearing the foreign exchange and interest rate variation risks of the proceeds of the Loan made available thereto; and (ii) apply the proceeds of the Loan are applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2020 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, GZARG upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for making the proceeds of the Subsidiary Loan Agreement available to GZARG shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA identical to that applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; and (iii) GZARG bearing the Central Bank of Uzbekistan foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement be made available through GZARG to WMG upon terms and conditions satisfactory to ADB. Except as ADB may otherwise agree, the terms for further onlending by making the SPG proceeds of the Loan available to vodokanals on WMG shall include (i) commitment charge and interest at the same termsrates identical to those applied to the Loan; (ii) a repayment period including a grace period identical to those applied to the Loan; and (iiiii) WMG bearing the foreign exchange and interest rate variation risks. (c) The Borrower shall cause GZARG and WMG to apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 31 December 2014 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, JPG and shall cause JPG to onlend the proceeds to JMG upon terms and conditions satisfactory acceptable to ADB. Except as the Borrower and ADB shall otherwise agree, the terms under a series of the Subsidiary Loan Agreement shall include onlending agreements including: (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA identical to those applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; and (iii) JPG and JMG bearing the Central Bank of Uzbekistan foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall cause UCSA JPG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply ensure that the proceeds of the Loan are applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 June 2020 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time available to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement State upon terms and conditions satisfactory to ADB for further onlending by and shall cause the SPG State to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as . (b) The Borrower shall cause the State to make available to each of DISCOMs the Loan under the onlending agreement on the same terms and conditions acceptable to ADB for carrying out the Project. (c) The Borrower shall cause each of DISCOMs to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and Works, consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and Works, consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2011 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA VEC under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time equal to the sum of (i) the rate specified in Section 2.02 of this Loan plus an additional 0.2% per annumAgreement, and (ii) a repayment period of thirtyan on-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA lending fee pursuant to the Borrower’s regulations, plus the commitment charge specified in Section 2.03 of this Loan Agreement, and any other charge payable by the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;under this Loan Agreement. (b) The Borrower shall cause UCSA VEC to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 31 December 2014 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon each DISCO on terms and conditions satisfactory acceptable to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA the DISCO to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Investment Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and Works, consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and Works, consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works and consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Investment Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make available a part of the entire proceeds of the Loan to UCSA each Participating Pourashava under a Subsidiary Loan Agreement, Financing Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include , (i) for revenue-generating Subprojects, financing shall be provided in a blend of grant and loan in such proportions as are satisfactory to ADB; the terms for relending the loan portion shall include denomination in Taka, interest at the rate applicable from time to time to the Loan plus an additional 0.2of 6% per annum, with the Borrower bearing foreign exchange risk, and (ii) a repayment period of thirty-two (32) years, 20 years including a grace period of eight 5 years; and (8) years. The relent proceeds of the Loan ii) for Subprojects other than those mentioned in subparagraph (i) above, financing shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;on a 100% grant basis. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time Schedule 4 to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timethis Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 December 2020 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan in Rupees to UCSA NTDC under a Subsidiary Loan Agreement, an Onlending Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan Any foreign exchange risk shall be denominated in Dollars and repayment borne by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower. (b) The Borrower shall cause UCSA NTDC to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and Works, consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and Works, consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend make the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time available to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement State upon terms and conditions satisfactory to ADB for further onlending by and shall cause the SPG State to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2011 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA VEC under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of for relending the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA include interest at the rate equal to the Borrower shall likewise be sum of (i) the rate specified in Dollars or equivalent amount in Sum converted at Section 2.02 of this Loan Agreement and (ii) an on-lending fee pursuant to the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower’s regulations. (b) The Borrower shall cause UCSA VEC to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 December 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement NHA upon terms and conditions satisfactory to ADB for further onlending by the SPG and shall cause NHA to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB . (b) The Borrower shall cause NHA to apply the proceeds of the Loan to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make a portion of the entire proceeds of the Loan available to UCSA MWSD and NWSDB, under a Subsidiary Loan Agreementsubsidiary loan agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower ADB and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annumBorrower, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA MWSD and NWSDB to (i) onlend the entire apply such proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the NWSDB Part of the Project in accordance with the provisions of this Loan Agreement and the NWSDB Project Agreement. Except as . (b) The Borrower shall make a portion of the proceeds of the Loan available to CMC, under a subsidiary loan agreement, upon terms and conditions satisfactory to ADB and shall cause CMC to apply such proceeds to the Borrower may otherwise agree, financing of expenditures on the terms CMC Part of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to Project in accordance with the relevant provisions of this Loan Agreement and the Subsidiary Loan CMC Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA EVN under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of and conditions for relending the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA include interest at the rate equal to the sum of (i) the rate specified in Section 2.02 above and (ii) an onlending fee pursuant to the Borrower’s regulations. The commitment charge to be incurred in accordance with Section 2.03 and any other charge payable by the Borrower under this Loan Agreement shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;paid by EVN. (b) The Borrower shall cause UCSA EVN to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan Loan, together with other funds required for the Project to UCSA DHPC under a Subsidiary Loan Agreement (the “DHPC Subsidiary Loan Agreement, ”) upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of for relending the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to substantially the Borrower same as the Loan, except that DHPC shall likewise be in Dollars or equivalent amount in Sum converted at assume the Central Bank of Uzbekistan foreign exchange rate prevailing at the time of the repayment;risk. (b) ADB shall be entitled to retain in the Loan Account and to pay to itself on behalf of the Borrower, such amounts as in the reasonable estimation of the Borrower and ADB will be required to meet payments of interest and commitment charge that fall due in the period preceding the Loan Closing Date. (c) The Borrower shall cause UCSA DHPC to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan and to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works Works, and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works Works, and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule 3 may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works Works, and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works, or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works, and services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 (iii) of the Loan Regulations shall be 30 September 2014 or 31 December 2013 or, such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreementshall, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms make a portion of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan available, through timely budget allocations, to: (i) TCC for the purpose of carrying out Part A of the Project, and PCC for the purpose of carrying out Part B of the Project; and shall cause both TCC and PCC to apply such proceeds to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement;; and (ii) provision that DDA for the repayment purpose of carrying out Part C of the loan proceeds by Project, and DUDES for the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank purpose of Uzbekistan exchange rate prevailing at the time carrying out Parts D and E of the repaymentProject; and (iii) that shall cause both DDA and DUDES to apply such proceeds to the SPG shall bear financing of expenditures on the foreign exchange riskProject in accordance with the provisions of this Loan Agreement. Section 3.02. The Goods, Works and Works, consulting services services, and other items of expenditure to be financed out of the proceeds of the Loan Loan, and the allocation of amounts of the Loan among different categories of such Goods, Works and Works, consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services, which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 December 2012, or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply make the proceeds of the Loan available to JPG upon terms and conditions acceptable to ADB and shall cause JPG to apply such proceeds to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms for transfer of the Subloan Agreement proceeds of the Loan shall include the following: (i) provisions for interest and repayment period identical at the same rate of that applied to the relevant provisions of the Subsidiary Loan Agreement; Loan; (ii) provision a repayment period same as that applied to the repayment Loan, including a grace period of same as applied to the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repaymentLoan; and (iii) that the SPG shall bear JPG bearing the foreign exchange riskand interest variation risks. (b) The Borrower shall cause JPG to make the proceeds of the Loan available to the Project Cities and Project Counties in respective amounts agreed between the Borrower, JPG and ADB and upon terms and conditions acceptable to ADB and ensure that the Project Cities apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB may otherwise agree, the proceeds of the Loan transferred to the Project Cities and Project Counties shall carry terms and conditions acceptable to ADB, which include the following: (i) interest at the same rate of that applied to the Loan; (ii) a repayment period same as that applied to the Loan, including a grace period of same as applied to the Loan; and (iii) each Project City or each Project County bearing the foreign exchange and interest variation risks relating to the portion of the proceeds of the Loan transferred thereto. (c) The Borrower shall cause JPG to ensure that Project Cities and Project Counties make Sub-Loans to the Sub-borrowers, to apply the proceeds of the Loan to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure or cause to be procured items of expenditure in accordance with the provisions of Schedule 4 to this Loan Account Agreement, as applicable. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in respect accordance with those agreed between the Borrower and ADB or where the terms and conditions of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for withdrawals from the Loan Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 October 2017 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire portion of the proceeds of the Loan in the amount equivalent to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory three hundred million Dollars ($300,000,000) available to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan an Implementation Agreement upon terms and conditions satisfactory to ADB for further onlending by the and shall cause SPG to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as . (b) The Borrower shall make the portion of the proceeds of the Loan in the amount equivalent to one hundred million Dollars ($100,000,000) available to SAPG under an Implementation Agreement upon terms and conditions satisfactory to ADB and shall cause SAPG to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. (c) The Borrower may otherwise agree, shall cause SAPG to make the terms portion of the Subloan Agreement proceeds of the Loan available to BCG upon terms and conditions satisfactory to ADB. The Borrower shall include (i) provisions for interest cause SAPG to make the portion of the proceeds of the Loan available to HCG upon terms and repayment period identical conditions satisfactory to ADB. The Borrower, through SAPG, shall cause each of BCG and HCG to apply such proceeds to the relevant financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and Works, consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and Works, consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make a part of the entire proceeds of the Loan together with counterpart funds required for the Project available to UCSA KVWSMB under a Subsidiary Loan Agreement, upon Financing Agreement with terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of the Subsidiary Loan Agreement shall include agree (i) 50% of such Loan proceeds shall be provided as a loan and the remaining 50% shall be provided as a grant; (ii) 50% of the counterpart funds shall be provided as a loan and 50% shall be provided as a grant; (iii) the terms for relending the Loan proceeds shall include interest at the rate applicable from time to time to the Loan plus an additional 0.2of 9% per annum, annum (inclusive of foreign exchange risk) and (ii) a repayment period of thirty-two (32) years, 30 years including a grace period of eight 7 years; and (8) years. The relent proceeds of iii) the Loan terms for relending the counterpart funds shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted include interest at the Central Bank rate of Uzbekistan exchange rate prevailing at the time 3% per annum and a repayment period of the repayment;20 years including a grace period of 5 years. (b) The Borrower KVWSMB shall cause UCSA to (i) onlend the entire proceeds make a portion of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan and the counterpart funds available to KUKL in accordance with the financing terms of the Lease and Operating Agreement. (c) KUKL shall use the proceeds of the Loan and counterpart funding made available to it by KVWSMB for expenditures for under the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except . (d) The Borrower shall make the proceeds of the Loan available to MWSDB as a grant on terms and conditions satisfactory to ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical cause MWSDB to apply such proceeds to the relevant financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 December 2020 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, IMAR upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of on which the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars made available to IMAR shall include (i) commitment charge and repayment by UCSA interest at the rates identical to those applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; (ii) the Central Bank of Uzbekistan repayment period including the grace period identical to that applied to the Loan; and (iii) IMAR bearing the foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall shall, through IMAR, cause UCSA IMDT to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend a portion of the entire proceeds of the Loan (SDR40,681,000) to UCSA UWSCG under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest charge at the rate applicable from time to time to the Loan plus an additional 0.2of 1% per annumannum during the grace period, and (ii) 1.5% per annum thereafter, and a repayment period of thirty-two (32) 32 years, including a grace period of eight (8) 8 years. The relent proceeds of the Loan Foreign exchange risk shall be denominated in Dollars and repayment borne by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;UWSCG. (b) The Borrower shall cause UCSA UWSCG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan described in subparagraph (a) of this Section to the financing of expenditures for on Components 1 and 3 of the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out Borrower shall make a portion of the proceeds of the Loan (SDR7,342,000) available to MRDI upon terms and conditions satisfactory to ADB and cause MRDI to apply such proceeds to the allocation financing of amounts expenditures on Component 2 of the Project in accordance with the provisions of this Loan Agreement. Section 3.03. Any change to the portion of the proceeds of the Loan among different categories that is relent to UWSCG, as described in Section 3.01(a) of such Goodsthis Loan Agreement, Works and consulting services and other items or to the portion of expenditures the proceeds of the Loan that is made available to MRDI, as described in Section 3.02 of this Loan Agreement, shall be agreed between the Borrower and ADB. Section 3.04. The proceeds of the Loan shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.033.05. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.06. Withdrawals from the Loan Account in respect of Goods, Works and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.07. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 2016 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA UWSCG under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement shall include (i) interest charge at the rate applicable from time to time to the Loan plus an additional 0.2of 2% per annum, annum during the grace period and (ii) thereafter and a repayment period of thirty-two (32) years, 25 years including a grace period of eight (8) 5 years. The relent proceeds of the Loan Foreign exchange risk shall be denominated in Dollars and repayment borne by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;UWSCG. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan AgreementRDA, through MOPH, NPC, NPRDD, NCPC, and NCPRDA, through MLGPC, upon terms and conditions satisfactory to ADB. Except as the Borrower ADB and ADB shall otherwise agreecause RDA, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annumNPC, NPRDD, NCPC, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent NCPRDA to apply such proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on parts A, B and C of the Project in accordance with the provisions of this Loan Agreement, the RDA Project Agreement, the NPC Project Agreement and the NCPC Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan equivalent to UCSA (i) two million seven hundred sixteen thousand Special Drawing Rights (SDR2,716,000) to CC1, (ii) six hundred seventy-nine thousand Special Drawing Rights (SDR679,000) to SDC and (iii) three million three hundred ninety-five thousand Special Drawing Rights (SDR3,395,000) to VINATEX under a the respective Subsidiary Loan Agreement, Agreements for Special Operations Loan upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 2 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 3 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works Goods and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from from, and consulting services Consulting Services which are supplied from from, such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works Goods and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 December 2017 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply make the proceeds of the Loan available to the State upon terms and conditions mutually agreeable to ADB and the Borrower and shall cause the State to apply such proceeds to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB . (b) The State shall make the proceeds of the Loan available to MPRDC upon terms and conditions mutually agreeable to ADB, the Borrower and the Borrower may otherwise agree, the terms of the Subloan Agreement State and shall include (i) provisions for interest and repayment period identical cause MPRDC to apply such proceeds to the relevant financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure or cause to be procured items of expenditure in accordance with the provisions of Schedule 4 to this Loan Account Agreement, as applicable. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in respect accordance with those agreed between the Borrower and ADB or where the terms and conditions of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for withdrawals from the Loan Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September June 2014 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend in Rupees the entire proceeds of the Loan to UCSA Loan, together with other funds required for the Project, to (i) CEB, in an amount equivalent of one hundred fourteen million four hundred thousand Dollars ($114,400,000) for the purposes of carrying out Parts 1, 2, 3, 5, and 6 of the Project, under a the CEB Subsidiary Loan Agreement, Financing Agreement upon terms and conditions satisfactory to ADB. ; and (ii) LECO, in an amount equivalent of twenty million six hundred thousand Dollars ($20,600,000) for the purposes of carrying out Part 3 of the Project, under the LECO Subsidiary Financing Agreement upon terms and conditions satisfactory to ADB. (b) Except as the Borrower and ADB shall may otherwise agree, the terms for relending the proceeds of the Subsidiary Loan Agreement to CEB and LECO shall include (i) interest at the rate applicable from time to time average weighted deposit rate, subject to the Loan plus an additional 0.2% maximum rate of ten percent (10%) per annum, annum and (ii) a repayment period of thirty-two twenty (3220) years, including a grace period of eight five (8) 5) years. The relent proceeds of ; and that the Loan foreign exchange risk shall be denominated in Dollars and repayment borne by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower. (bc) The Borrower shall cause UCSA CEB and LECO to (i) onlend the entire apply such proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 2 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 3 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 November 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend a portion of the entire proceeds of the Loan to UCSA CEB in an amount of ninety-eight million five hundred thousand Dollars ($98,500,000) for the purposes of Parts 2 to 6 of the Project under the CEB Subsidiary Loan Agreement upon terms and conditions satisfactory to ADB. (b) The Borrower shall relend a portion of the proceeds of the Loan to the PFI(s) in an amount of one million five hundred thousand Dollars ($1,500,000) for the purposes of Part 7(i) of the Project, under the SEA Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (bc) The Borrower shall cause UCSA CEB and the PFI(s) to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 2 to this Loan Agreement, ; as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to the Special Operations Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2017 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA QMG to be onlent to JCG under a Subsidiary Loan Agreement, Onlending Agreements upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for making the proceeds of the Subsidiary Loan Agreement available to JCG shall include (i) interest at the same rate applicable from time to time to as that of the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to that of eight the Loan; (8) years. The relent proceeds iii) commitment charges identical to that of the Loan; and (iv) JCG bearing the foreign exchange and interest variation risks of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;proceeds so onlent. (b) The Borrower Borrower, through QMG, shall cause UCSA JCG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, NWFP and Punjab upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the such terms of the Subsidiary Loan Agreement and conditions shall include (i) interest at the rate applicable from time to time to of one percent (1%) per annum during the Loan plus an additional 0.2% per annumgrace period, and one and one-half percent (ii1.5%) per annum thereafter, and a repayment period of thirty-two (32) years, years including a grace period of eight (8) years. The relent proceeds of the Loan foreign exchange risk shall be denominated in Dollars and repayment borne by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower. (b) Except as ADB may otherwise agree, the Borrower shall make the proceeds of the Loan available to NWFP in amount of three million three hundred ninety six thousand (3,396,000) SDR. NWFP shall make the Loan proceeds available to SHYDO. (c) Except as ADB may otherwise agree, the Borrower shall make the proceeds of the Loan available to Punjab in amount of three million three hundred ninety seven thousand (3,397,000) SDR. (d) The Borrower shall cause UCSA NWFP and Punjab to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the respective Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 2 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this the Ordinary Operations Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADBSection 3.01. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Except as ADB and the Borrower may otherwise agree, no procurement of Works is envisaged under the Project. In the event any procurement of Works is considered necessary, then the method of procurement and related threshold values will be updated in the Procurement Plan. Section 3.06. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2016, or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend make a portion of the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except in the amount of SDR6,355,000 (or such other amount as the Borrower and ADB shall may otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time available to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement Privatisation Commission upon terms and conditions satisfactory to ADB for further onlending by and shall cause the SPG Privatisation Commission to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on Outputs 1 and 2(i) of the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out Borrower shall make a portion of the proceeds of the Loan in the amount of SDR7,104,000 (or such other amount as ADB may otherwise agree) available to the Finance Division upon terms and conditions satisfactory to ADB and shall cause the allocation Finance Division to apply such proceeds to the financing of amounts expenditures on Outputs 2(ii) to (iv), 3 and 4 of the Project in accordance with the provisions of this Loan Agreement. Section 3.03. The proceeds of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.033.04. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.06. Withdrawals from the Loan Account in respect of Goods, Works Goods and consulting services Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works Goods and consulting services Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.053.07. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2020 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time available to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement State upon terms and conditions satisfactory to ADB for further onlending by and shall cause the SPG State to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as . (b) The Borrower shall cause the State to make available to DISCOM-E the Loan under the Onlending Agreement on terms and conditions acceptable to ADB for carrying out the Project. (c) The Borrower shall cause DISCOM-E to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Project Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and Works, consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and Works, consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 2011 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available, through GPG, to UCSA under a Subsidiary Loan Agreement, JMG upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms of on which the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars made available to JMG shall include (i) commitment charge and repayment by UCSA interest at the rates identical to those applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; (ii) the Central Bank of Uzbekistan repayment period including the grace period identical to that applied to the Loan; and (iii) JMG bearing the foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall shall, through GPG, cause UCSA JMG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for of the Project in accordance with the provisions of this Loan Agreement Agreement. (b) The Borrower shall relend, under Subsidiary Loan Agreements with terms and the Project Agreement. Except as ADB and the Borrower may otherwise agreeconditions satisfactory to ADB, the terms part of the Subloan Agreement shall include proceeds of the Loan not exceeding seven million nine hundred eighty-two thousand Special Drawing Rights (iSDR 7,982,000) provisions for interest and repayment period identical to the relevant provisions FIs. (c) The Borrower shall cause the FIs to onlend the proceeds of the Subsidiary Loans to eligible beneficiaries, under Onlending Agreements with terms and conditions acceptable to ADB, under Part 3(ii) of the Project in accordance with the provisions of this Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and Works, consulting services and other items of expenditure expenditures to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and Works, consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, all Goods, Works, and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Withdrawals from the Loan Account in respect of Goods, Works Works, and consulting services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works Works, and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 December 2015 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary GPG, which shall make the proceeds of the Loan Agreementavailable to GMG, all upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for the proceeds of the Subsidiary Loan Agreement to be made available to GMG shall include (i) commitment charge and interest at the rate applicable from time rates identical to time those applied to the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA identical to that applied to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at Loan; and (iii) GMG bearing the Central Bank of Uzbekistan foreign exchange and interest rate prevailing at the time of the repayment;variation risks. (b) The Borrower shall cause UCSA cause, through GPG, GMG to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2016 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB, and UCSA shall onlend a portion of the proceeds to the participating provincial governments on similar terms and conditions. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include include: (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, ; and (ii) a repayment period of thirty-two (32) 32 years, including a grace period of eight (8) 8 years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and Works, consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and Works, consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, ; and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 June 2015 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement PIPD through Punjab upon terms and conditions satisfactory to ADB for further onlending by the SPG and shall cause PIPD to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on Part F of the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works Goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works Goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 2 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works goods and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works Goods and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works Goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this the Ordinary Operations Loan Agreement. ADB may refuse to finance a contract where Goods or consulting services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available, through GZARG, to UCSA under a Subsidiary Loan Agreement, upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement BMG upon terms and conditions satisfactory to ADB for further onlending by the SPG and shall cause, through GZARG, BMG to vodokanals on the same terms; and (ii) apply the such proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms for making the proceeds of the Subloan Agreement Loan available to BMG shall include (i) provisions for commitment charge and interest at the rates identical to those applied to the Loan; (ii) a grace period and a principal repayment period identical to those applied to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repaymentLoan; and (iii) that the SPG shall bear BMG bearing the foreign exchange riskand interest rate variation risks. (b) The Borrower shall, through GZARG, cause BMG and BDIG to apply the proceeds of the Loan to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA the Project Executing Agency under a AIF Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA PLN to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 2 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to the A Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations General Conditions shall be 30 September 2014 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA HPG under a Subsidiary Loan Agreement, Agreement upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for making available to HPG the proceeds of the Subsidiary Loan Agreement shall include (i) interest at the same rate applicable from time to time to as the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those of eight the Loan; and (8) years. The relent iii) HPG bearing the foreign exchange and interest variation risks of such proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;relent thereto. (b) The Borrower shall cause UCSA HPG, and shall ensure that HPG causes HPCD, to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where goods or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all goods and services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 2011 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend (a) a portion of the entire proceeds of the Loan amounting to UCSA $97,500,000 to NWPGCL under the NWPGCL Subsidiary Loan Agreement; (b) a portion of the proceeds of the Loan amounting to $86,000,000 to PGCB under the PGCB Subsidiary Loan Agreement, both upon terms and conditions satisfactory to ADB. Except as , and shall make the Borrower and ADB shall otherwise agree, the terms balance of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA available to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Power Division following its internal allocation procedures. (b) The Borrower shall cause UCSA to (i) onlend the entire proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to be applied to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 December 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, Sindh upon the financial terms and conditions satisfactory as are applicable to ADB. Except as the Borrower and ADB shall otherwise agreehereunder, the terms of the Subsidiary Loan Agreement which shall include (i) interest at a rate of one percent (1%) per annum during the rate applicable from time to time to the Loan plus an additional 0.2% grace period and one and one-half percent (1.5%) per annumannum thereafter, and (ii) with a repayment period of thirty-two (32) years, years including a grace period of eight (8) years. The relent proceeds of the Loan foreign exchange risk shall be denominated in Dollars and repayment borne by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Sindh. (b) The Borrower shall cause UCSA Sindh to (i) onlend the entire apply such proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works goods and consulting services shall be made only on account of expenditures relating to (a) Goods goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works goods and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to this Loan Agreement. ADB may refuse to finance a contract whose goods and services or other items of expenditure have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of such contract are not satisfactory to ADB. Section 3.05. Except as ADB may otherwise agree, the Borrower shall cause all goods and services and other items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 September 2014 31 July 2010 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, SPG upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for making available to SPG the proceeds of the Subsidiary Loan Agreement shall include (i) commitment charge and interest at the same rate applicable from time to time to as that of the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those of eight the Loan; and (8) years. The relent iii) SPG bearing the foreign exchange and interest variation risks of such proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;relent thereto. (b) The Borrower shall cause UCSA SPG to (i) onlend the entire proceeds of the Loan to the SPG Company under a Subloan an Onlending Agreement for the Project upon terms and conditions satisfactory to ADB. Except as ADB may otherwise agree, the terms for further onlending by the SPG to vodokanals on proceeds of the Loan shall include (i) commitment charge and interest at the same termsrate as that of the Loan; (ii) a repayment period including a grace period identical to those of the Loan; and (iiiii) the Company bearing the foreign exchange and interest rate variation risks of such portion of the proceeds of the Loan onlent thereto. (c) The Borrower shall cause SPG, and shall ensure that SPG cause the Company, to apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions provision of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 and Schedule 5 to this Loan Agreement. ADB may refuse to finance a contract where goods or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all goods and services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 March 2012 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make available the entire proceeds of the Loan to UCSA under a Subsidiary Loan Agreement, HnPG upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall may otherwise agree, the terms for making available to HnPG the proceeds of the Subsidiary Loan Agreement shall include (i) interest at the same rate applicable from time to time to as the Loan plus an additional 0.2% per annum, and Loan; (ii) a repayment period of thirty-two (32) years, including a grace period identical to those of eight the Loan; (8) years. The relent iii) a commitment charge identical to that of the Loan; and (iv) HnPG bearing the foreign exchange and interest variation risks of such proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;relent thereto. (b) The Borrower shall cause UCSA HnPG to (i) onlend onlend, directly or indirectly, the entire proceeds of the Loan to the SPG Local Governments under a Subloan Agreement Onlending Agreements upon terms and conditions satisfactory to ADB. Except as ADB for further onlending by may otherwise agree, the SPG to vodokanals on terms and conditions in each of the Onlending Agreements shall include (i) interest at the same termsrate as the Loan; (ii) a repayment period including a grace period identical to those of the Loan; (iii) a commitment charge identical to that of the Loan; and (iiiv) each Local Government bearing the foreign exchange and interest variation risks of such proceeds of the Loan onlent thereto. (c) The Borrower shall cause HnPG, and shall ensure that HnPG causes the Local Governments, to apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works goods and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works goods and consulting services and other items of expenditures shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works goods and consulting services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where goods or services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all goods and services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 March 2013 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) The Borrower shall relend make available the entire proceeds of the Loan to UCSA the State under a Subsidiary Loan Agreement, Financing Arrangements upon terms and conditions satisfactory mutually agreeable to ADB. Except as ADB and the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;Borrower. (b) The Borrower shall cause UCSA the State to (i) onlend make the entire proceeds of the Loan available to the SPG HPPCL under a Subloan Agreement upon terms and conditions satisfactory Onlending Arrangements mutually agreeable to ADB for further onlending by and the SPG Borrower. (c) The Borrower shall cause the State and HPPCL to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services and other items of expenditures shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan Account in respect accordance with the provisions of Goods, Works Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where any such item has not been procured under procedures substantially in accordance with those agreed between the Borrower and consulting services shall be made only on account ADB or where the terms and conditions of expenditures relating to (a) Goods which the contract are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time not satisfactory to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to timeADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and consulting services to be items of expenditure financed out of the proceeds of the Loan shall to be procured used exclusively in accordance with the provisions carrying out of Schedule 4 to this Loan Agreementthe Project. Section 3.05. The Loan Closing Date for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 June 2018 or such other date as may from time to time be agreed between the Borrower and ADB.

Use of Proceeds of the Loan. (a) Section 3.01. The Borrower shall relend make the entire proceeds of the Loan available to UCSA under a Subsidiary Loan Agreement, the State upon terms and conditions satisfactory to ADB. Except as the Borrower and ADB shall otherwise agree, the terms of the Subsidiary Loan Agreement shall include (i) interest at the rate applicable from time to time to the Loan plus an additional 0.2% per annum, and (ii) a repayment period of thirty-two (32) years, including a grace period of eight (8) years. The relent proceeds of the Loan shall be denominated in Dollars and repayment by UCSA to the Borrower shall likewise be in Dollars or equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment;. (b) The Borrower shall cause UCSA the State to (i) onlend the entire apply such proceeds of the Loan to the SPG under a Subloan Agreement upon terms and conditions satisfactory to ADB for further onlending by the SPG to vodokanals on the same terms; and (ii) apply the proceeds of the Loan to the financing of expenditures for on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement. Except as ADB and the Borrower may otherwise agree, the terms of the Subloan Agreement shall include (i) provisions for interest and repayment period identical to the relevant provisions of the Subsidiary Loan Agreement; (ii) provision that the repayment of the loan proceeds by the SPG to UCSA shall be in equivalent amount in Sum converted at the Central Bank of Uzbekistan exchange rate prevailing at the time of the repayment; and (iii) that the SPG shall bear the foreign exchange risk. Section 3.02. The Goods, Works and consulting services Consulting Services and other items of expenditure to be financed out of the proceeds of the Loan and the allocation of amounts of the Loan among different categories of such Goods, Works and consulting services Consulting Services and other items of expenditures expenditure shall be in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Withdrawals from the Loan Account in respect of Goods, Works and consulting services shall be made only on account of expenditures relating to (a) Goods which are produced in and supplied from and consulting services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) Goods, Works and consulting services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.04. Except as ADB may otherwise agree, all Goods, Works and consulting services Consulting Services to be financed out of the proceeds of the Loan shall be procured in accordance with the provisions of Schedule 4 to this Loan Agreement. ADB may refuse to finance a contract where Goods, Works or Consulting Services have not been procured under procedures substantially in accordance with those agreed between the Borrower and ADB or where the terms and conditions of the contract are not satisfactory to ADB. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all Goods, Works and Consulting Services financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. The closing date for withdrawals from the Loan Closing Date Account for the purposes of Section 8.02 9.02 of the Loan Regulations shall be 30 September 2014 31 March 2013 or such other date as may from time to time be agreed between the Borrower and ADB.