STRATEGIC AND SHAREHOLDERS’ AGREEMENTStrategic and Shareholders’ Agreement • June 28th, 2011 • England
entered into as of January 25, 2011 by and among the State of Montenegro, represented by the Government of Montenegro being herein represented by Mr. Vladimir Kavarić, Minister of economy, in accordance with the Government resolution number 03-179/2 dated January 21, 2010, (the “Principal Shareholder” or “Montenegro”), Terna Rete Elettrica Nazionale S.p.A., a joint stock company organized and existing under the laws of Italy, having its registered office in 00156 Rome, at Viale Egidio Galbani 70, Italy, registered at no. 05779661007 on the register of enterprises of Rome, represented by Mr.Fabio Todeschini in his capacity as attorney-in-fact by virtue of Power of Attorney notarized by Luca Troili as Public Notary in Rome, on October 7, 2010, Rep. 15543 Racc. 7537, certified through apostille issued by the competent Italian Court on October 11, 2010, n. 3368/2 (“Terna” and together with the Principal Shareholder, the “Shareholders”) and Crnogorski Elektroprenosni Sistem AD, Podgorica, a
