Common use of Notices Clause in Contracts

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mail. Such notices and communications shall be deemed to have been received by the other Party: (i) on the date of delivery in relation to a hand-delivered or registered letter; and (ii) in the case of any electronic mail only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose. (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé). The address and electronic mail address (and the department for whose attention the communication is to be made) of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter or by electronic mail. Such notices and communications shall be deemed to have been received by the other Party: (i) on the date of delivery in relation to a hand-delivered or registered letter; and (ii) in the case of any electronic mail only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose. (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé). The address and electronic mail address (and the department for whose attention the communication is to be made) of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPSGLO/MA-3 PUB SEC (SI,HR,WBs) ENL ▇▇-▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-contactline- ▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Attention: Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia ▇▇ ▇▇▇▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy toCopy: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice (including any document or other communication communication) to be given or made under or in connection with this Contract must Agreement to the CEB or the Borrower shall be in writing and, and unless otherwise stated, may be made by letter registered letter, electronic mail or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mailfacsimile. Such notices and communications notice shall be deemed to have been received by the other Party: (i) on in the date case of delivery in relation to a hand-delivered or registered letter; and, on the date of delivery; (ii) in the case of any electronic mail mail, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose.; (ciii) in the case of electronic mail, which contains a Disbursement Notice, sent by the CEB to the Borrower, when the electronic mail is sent; and (iv) in the case of a facsimile, on receipt of transmission. Any notice provided by the Borrower to the Bank CEB by electronic mail shall: (i) mention the Contract Number LD reference in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or any other common non non-editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons duly authorised to sign such notice on behalf of the Borrower and Borrower, attached to the authenticated specimen signature of such person or persons. (e) electronic mail. Without affecting the validity of notices by electronic mail notices or communication facsimile made in accordance with this Article 12.1Clause, the following notices, communications and documents notices shall also be sent by registered letter to the relevant other Party at the latest on the immediately following Business Day: (i) Disbursement AcceptanceRequests; (ii) any notices and communication communications in respect of the defermentsuspension, cancellation and suspension and/or early reimbursement of the Loan or in respect of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, ; and (iii) any other notice, communication or document required by the Bank. (f) CEB. The Parties agree that any above communication notice (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address postal address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party for any communication to be given or made or document to be delivered under or in connection with this Contract Agreement is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of the Republic of Serbia E-mail address20, Kneza Miloša Street 11000 Belgrade Serbia Attention: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy toMinister of Finance Fax: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The +381 11 765 2007 Council of Europe Development Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.55 Avenue Kléber

Notices. 12.1.A Form of Notice (a) Any notice (including any document or other communication communication) to be given or made under or in connection with this Contract must Agreement to the CEB or the Borrower shall be in writing and, and unless otherwise stated, may be made by letter registered letter, electronic mail or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mailfacsimile. Such notices and communications notice shall be deemed to have been received by the other Party: (i) on : in the date case of delivery in relation to a hand-delivered or registered letter, on the date of delivery; and (ii) in the case of any electronic mail mail, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose. (c) ; in the case of electronic mail, which contains a Disbursement Notice, sent by the CEB to the Borrower, when the electronic mail is sent; and in the case of a facsimile, on receipt of transmission. Any notice provided by the Borrower to the Bank CEB by electronic mail shall: (i) : mention the Contract Number LD reference in the subject line; and (ii) and be in the form of a non-editable electronic image (pdf, tif or any other common non non-editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons duly authorised to sign such notice on behalf of the Borrower and Borrower, attached to the authenticated specimen signature of such person or persons. (e) electronic mail. Without affecting the validity of notices by electronic mail notices or communication facsimile made in accordance with this Article 12.1Clause, the following notices, communications and documents notices shall also be sent by registered letter to the relevant other Party at the latest on the immediately following Business Day: (i) : Disbursement Acceptance (ii) Requests; any notices and communication communications in respect of the defermentsuspension, cancellation and suspension and/or prepayment, of the Loan or in respect of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) ; and any other notice, communication or document required by the Bank. (f) CEB. The Parties agree that any above communication notice (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address postal address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party for any communication to be given or made or document to be delivered under or in connection with this Contract Agreement is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance of the Republic of Serbia ▇▇ ▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ 11000 Belgrade Serbia Attention: Minister of Finance Fax: +▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇ Council of Europe Development Bank ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 75116 Paris France Attention: Head of Projects Division Fax: + ▇▇ of Serbia E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇ ▇▇ Copy to: ▇▇ ▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇ ▇▇ The Bank CEB and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details. All notices to be given or made under or in connection with the Agreement shall be in English or French or, if in another language, shall be accompanied by an English or French certified translation thereof, when so required by the CEB. All notices to be given or made by the Borrower under or in connection with this Agreement shall, where required by the CEB, be delivered to the CEB together with satisfactory evidence of the authority of the person or persons authorized to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. TAXES AND EXPENSES The Borrower shall pay, to the extent applicable, all taxes, duties, fees and other impositions of whatsoever nature, including stamp duty and registration fees, arising out of the signing, registration, implementation, termination or enforcement of the Agreement and/or any related document as well as of the creation, perfection, registration, enforcement or release of any Security required under the Agreement. For the avoidance of any doubt, provisions of this Clause 18 do not relate to enforcement of Clause 3 of this Agreement.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or letter, electronic mailmail and facsimile. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter, facsimile or by electronic mail. Such notices and communications shall be deemed to have been received by the other Partyparty: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) on receipt of transmission in relation to a facsimile; (iii) in the case of any electronic mail sent between the parties to this Contract, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party Bank shall specify for this purpose., or (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Partiesparties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail or facsimile notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party party at the latest on the immediately following Business Day: (i) Disbursement Acceptance; (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, ; and (iii) any other notice, communication or document required by the Bank. (f) The Parties parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg Facsimile no: +▇▇▇ ▇▇▇▇ ▇▇▇▇▇ E-mail address: ▇▇▇▇▇▇▇▇▇_▇▇-▇_▇▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia ▇▇ ▇▇▇▇▇▇ Facsimile no: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇; and ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or letter, electronic mailmail and facsimile. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter, facsimile or by electronic mail. Such notices and communications shall be deemed to have been received by the other Partyparty: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) on receipt of transmission in relation to a facsimile; (iii) in the case of any electronic mail sent between the parties to this Contract, only when such electronic mail is actually received in readable form and in the case of any electronic mail sent by the Borrower to the Bank, only if it is addressed in such a manner as the other Party Bank shall specify for this purpose., or (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Partiesparties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail or facsimile notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg Facsimile no: +▇▇▇ ▇▇▇▇ ▇▇▇▇▇ E-mail address: : ▇▇▇▇▇▇▇▇▇_▇▇-▇_▇▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia Facsimile no: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or letter, electronic mailmail and facsimile. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter, facsimile or by electronic mail. Such notices and communications shall be deemed to have been received by the other Partyparty: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) on receipt of transmission in relation to a facsimile; (iii) in the case of any electronic mail sent between the parties to this Contract, only when such electronic mail is actually received in readable form and in the case of any electronic mail sent by the Borrower to the Bank, only if it is addressed in such a manner as the other Party Bank shall specify for this purpose., or (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Partiesparties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail or facsimile notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg Facsimile no: +▇▇▇ ▇▇▇▇ ▇▇▇▇▇ E-mail address: : ▇▇▇▇▇▇▇▇▇_▇▇-▇_▇▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia ▇▇ ▇▇▇▇▇▇ Facsimile no: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or letter, electronic mailmail and facsimile. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter, facsimile or by electronic mail. Such notices and communications shall be deemed to have been received by the other Partyparty: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) on receipt of transmission in relation to a facsimile; (iii) in the case of any electronic mail sent between the parties to this Contract, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party Bank shall specify for this purpose., or (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Partiesparties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail or facsimile notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party party at the latest on the immediately following Business Day: (i) Disbursement Acceptance; (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg Facsimile no: +▇▇▇ ▇▇▇▇ ▇▇▇▇▇ E-mail address: ▇▇▇▇▇▇▇▇▇_▇▇-▇_▇▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia ▇▇ ▇▇▇▇▇▇ Facsimile no: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice (including any document or other communication communication) to be given or made under or in connection with this Contract must Agreement to the CEB or the Borrower shall be in writing and, and unless otherwise stated, may be made by letter registered letter, electronic mail or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mailfacsimile. Such notices and communications notice shall be deemed to have been received by the other Party: (i) on in the date case of delivery in relation to a hand-delivered or registered letter; and, on the date of delivery; (ii) in the case of any electronic mail mail, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose.; (ciii) in the case of electronic mail, which contains a Disbursement Notice, sent by the CEB to the Borrower, when the electronic mail is sent; and (iv) in the case of a facsimile, on receipt of transmission. Any notice provided by the Borrower to the Bank CEB by electronic mail shall: (i) mention the Contract Number LD reference in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or any other common non non-editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons duly authorised to sign such notice on behalf of the Borrower and Borrower, attached to the authenticated specimen signature of such person or persons. (e) electronic mail. Without affecting the validity of notices by electronic mail notices or communication facsimile made in accordance with this Article 12.1Clause, the following notices, communications and documents notices shall also be sent by registered letter to the relevant other Party at the latest on the immediately following Business Day: (i) Disbursement AcceptanceRequests; (ii) any notices and communication communications in respect of the defermentsuspension, cancellation and suspension and/or prepayment, of the Loan or in respect of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, ; and (iii) any other notice, communication or document required by the Bank. (f) CEB. The Parties agree that any above communication notice (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address postal address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party for any communication to be given or made or document to be delivered under or in connection with this Contract Agreement is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance of the Republic of Serbia ▇▇ ▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ 11000 Belgrade Serbia Attention: Minister of Finance Fax: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ Council of Europe Development Bank ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or letter, electronic mailmail and facsimile. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter, facsimile or by electronic mail. Such notices and communications shall be deemed to have been received by the other Partyparty: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) on receipt of transmission in relation to a facsimile; (iii) in the case of any electronic mail sent between the parties to this Contract, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party Bank shall specify for this purpose., or (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Partiesparties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail or facsimile notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg Facsimile no: +▇▇▇ ▇▇▇▇ ▇▇▇▇▇ E-mail address: ▇▇▇▇▇▇▇▇▇_▇▇-▇_▇▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia ▇▇ ▇▇▇▇▇▇ Facsimile no: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇; and ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or letter, electronic mailmail and facsimile. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter, facsimile or by electronic mail. Such notices and communications shall be deemed to have been received by the other Partyparty: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) on receipt of transmission in relation to a facsimile; (iii) in the case of any electronic mail sent between the parties to this Contract, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party party shall specify for this purpose., or (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Partiesparties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail or facsimile notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party party at the latest on the immediately following Business Day: (i) Disbursement Acceptance; (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 100 boulevard Konrad Adenauer L-2950 Luxembourg Facsimile no: +352 4379 55442 E-mail address: ▇▇▇▇▇▇▇▇▇▇▇Ops-▇▇▇▇▇@▇▇▇.▇▇▇ MA- Implementation@eib.org For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 20 Kneza Milosa Street 11000 Belgrade Republic of Serbia Facsimile no: +381 11 3618 961 E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ kabinet@mfin.gov.rs The Bank and the Borrower shall promptly notify the other Party party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mail. Such notices and communications shall be deemed to have been received by the other Party: (i) on the date of delivery in relation to a hand-delivered or registered letter; and (ii) in the case of any electronic mail only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose. (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé). The address and electronic mail address (and the department for whose attention the communication is to be made) of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPSGLO/MA-3 PUB SEC Enlargement (SI,HR,WBsWestern Balkans & Turkey) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter or by electronic mail. Such notices and communications shall be deemed to have been received by the other Party: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) in the case of any electronic mail only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose.; (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Parties) of the notice signed by an Authorised Signatory authorised signatory with individual representation right or by two or more Authorised Signatories authorised signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party at the latest on the immediately following second Business DayDay following: (i) Disbursement Acceptance; (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, ; and (iii) any other notice, communication or document required by the Bank. (f) The Parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé). The address and electronic mail address (and the department for whose attention the communication is to be made) of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) EIB Global Directorate, Enlargement & Neighbourhood Department, Western Balkans & Türkiye Division ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail Mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Attention: Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia ▇▇ ▇▇▇▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy toCopy: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter or by electronic mail. Such notices and communications shall be deemed to have been received by the other Party: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) in the case of any electronic mail only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose.; (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Parties) of the notice signed by an Authorised Signatory authorised signatory with individual representation right or by two or more Authorised Signatories authorised signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party at the latest on the immediately following second Business DayDay following: (i) Disbursement Acceptance; (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, ; and (iii) any other notice, communication or document required by the Bank. (f) The Parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé). The address and electronic mail address (and the department for whose attention the communication is to be made) of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) EIB Global Directorate, Enlargement & Neighbourhood Department, Western Balkans & Türkiye Division ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail Mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Attention: Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Republic of Serbia E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy toCopy: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mail. Such notices and communications shall be deemed to have been received by the other Party: (i) on the date of delivery in relation to a hand-delivered or registered letter; and (ii) in the case of any electronic mail only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose. (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé). The address and electronic mail address (and the department for whose attention the communication is to be made) of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPSGLO/MA-3 PUB SEC Enlargement (SI,HR,WBsWestern Balkans & Turkey) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia ▇▇ ▇▇▇▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter or by electronic mail. Such notices and communications shall be deemed to have been received by the other Party: (i) on the date of delivery in relation to a hand-delivered or registered letter; and (ii) in the case of any electronic mail only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose. (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé). The address and electronic mail address (and the department for whose attention the communication is to be made) of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPSGLO/MA-3 PUB SEC (SI,HR,WBs) ENL ▇▇-▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Attention: Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia ▇▇ ▇▇▇▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy toCopy: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or letter, electronic mailmail and facsimile. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter, facsimile or by electronic mail. Such notices and communications shall be deemed to have been received by the other Partyparty: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) on receipt of transmission in relation to a facsimile; (iii) in the case of any electronic mail sent between the parties to this Contract, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party Bank shall specify for this purpose., or (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Partiesparties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail or facsimile notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé). The address and electronic mail address (and the department for whose attention the communication is to be made) of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇hand.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice (including any document or other communication communication) to be given or made under or in connection with this Contract must Agreement to the CEB or the Borrower shall be in writing and, and unless otherwise stated, may be made by letter registered letter, electronic mail or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mailfacsimile. Such notices and communications notice shall be deemed to have been received by the other Party: (i) on in the date case of delivery in relation to a hand-delivered or registered letter; and, on the date of delivery; (ii) in the case of any electronic mail mail, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose.; (ciii) in the case of electronic mail, which contains a Disbursement Notice, sent by the CEB to the Borrower, when the electronic mail is sent; and (iv) in the case of a facsimile, on receipt of transmission. Any notice provided by the Borrower to the Bank CEB by electronic mail shall: (i) mention the Contract Number LD reference in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or any other common non non-editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons duly authorised to sign such notice on behalf of the Borrower and Borrower, attached to the authenticated specimen signature of such person or persons. (e) electronic mail. Without affecting the validity of notices by electronic mail notices or communication facsimile made in accordance with this Article 12.1Clause, the following notices, communications and documents notices shall also be sent by registered letter to the relevant other Party at the latest on the immediately following Business Day: (i) Disbursement AcceptanceRequests; (ii) any notices and communication communications in respect of the defermentsuspension, cancellation and suspension and/or prepayment, of the Loan or in respect of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, ; and (iii) any other notice, communication or document required by the Bank. (f) CEB. The Parties agree that any above communication notice (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address postal address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party for any communication to be given or made or document to be delivered under or in connection with this Contract Agreement is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of the Republic of Serbia E-mail address20, Kneza Miloša Street 11000 Belgrade Serbia Attention: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy toMinister of Finance Fax: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The +381 11 765 2007 Council of Europe Development Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.55 Avenue Kléber

Notices. 12.1.A Form of Notice (a) Any notice (including any document or other communication communication) to be given or made under or in connection with this Contract must Agreement to the CEB or the Borrower shall be in writing and, and unless otherwise stated, may be made by letter registered letter, electronic mail or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mailfacsimile. Such notices and communications notice shall be deemed to have been received by the other Party: (i) on in the date case of delivery in relation to a hand-delivered or registered letter; and, on the date of delivery; (ii) in the case of any electronic mail mail, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose.; (ciii) in the case of electronic mail, which contains a Disbursement Notice, sent by the CEB to the Borrower, when the electronic mail is sent; and (iv) in the case of a facsimile, on receipt of transmission. Any notice provided by the Borrower to the Bank CEB by electronic mail shall: (i) mention the Contract Number LD reference in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or any other common non non-editable file format agreed between the Parties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons duly authorised to sign such notice on behalf of the Borrower and Borrower, attached to the authenticated specimen signature of such person or persons. (e) electronic mail. Without affecting the validity of notices by electronic mail notices or communication facsimile made in accordance with this Article 12.1Clause, the following notices, communications and documents notices shall also be sent by registered letter to the relevant other Party at the latest on the immediately following Business Day: (i) Disbursement AcceptanceRequests; (ii) any notices and communication communications in respect of the defermentsuspension, cancellation and suspension and/or prepayment, of the Loan or in respect of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, ; and (iii) any other notice, communication or document required by the Bank. (f) CEB. The Parties agree that any above communication notice (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address postal address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party for any communication to be given or made or document to be delivered under or in connection with this Contract Agreement is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance of the Republic of Serbia ▇▇ ▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ 11000 Belgrade Serbia Attention: Minister of Finance Fax: +▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇ Council of Europe Development Bank ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or letter, electronic mailmail and facsimile. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter, facsimile or by electronic mail. Such notices and communications shall be deemed to have been received by the other Partyparty: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) on receipt of transmission in relation to a facsimile; (iii) in the case of any electronic mail sent between the parties to this Contract, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party Bank shall specify for this purpose., or (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Partiesparties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail or facsimile notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party party at the latest on the immediately following Business Day: (i) Disbursement Acceptance; (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bank. (f) The Parties parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg Facsimile no: +▇▇▇ ▇▇▇▇ ▇▇▇▇▇ E-mail address: ▇▇▇▇▇▇▇▇▇_▇▇-▇_▇▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia Facsimile no: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice (including any document or other communication communication) to be given or made under or in connection with this Contract must Agreement to the CEB or the Borrower shall be in writing and, and unless otherwise stated, may be made by letter registered letter, electronic mail or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mailfacsimile. Such notices and communications notice shall be deemed to have been received by the other Party: (i) on : in the date case of delivery in relation to a hand-delivered or registered letter, on the date of delivery; and (ii) in the case of any electronic mail mail, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose. (c) ; in the case of electronic mail, which contains a Disbursement Notice, sent by the CEB to the Borrower, when the electronic mail is sent; and in the case of a facsimile, on receipt of transmission. Any notice provided by the Borrower to the Bank CEB by electronic mail shall: (i) : mention the Contract Number LD reference in the subject line; and (ii) and be in the form of a non-editable electronic image (pdf, tif or any other common non non-editable file format agreed between the Parties) signed by the person or persons duly authorised to sign such notice on behalf of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriateBorrower, attached to the electronic mail. . Without affecting the validity of notices by electronic mail or facsimile made in accordance with this Clause, the following notices shall also be sent by registered letter to the other Party at the latest on the immediately following Business Day: Disbursement Requests; any communications in respect of the suspension, cancellation and/or prepayment, of the Loan or in respect of a Prepayment Notice; and any other communication required by the CEB. The Parties agree that any above notice (dincluding via electronic mail) Notices issued is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand. The postal address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party for any communication to be given or made under or in connection with this Agreement is: Ministry of Finance of the Republic of Serbia ▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ 11000 Belgrade Serbia Attention: Minister of Finance Fax: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ Council of Europe Development Bank ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ 75116 Paris France Attention: Head of Projects Division Fax: + ▇▇ ▇ ▇▇ ▇▇ ▇▇ ▇▇ The CEB and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details. All notices to be given or made under or in connection with the Agreement shall be in English or French or, if in another language, shall be accompanied by an English or French certified translation thereof, when so required by the CEB. All notices to be given or made by the Borrower pursuant to any provision of under or in connection with this Contract Agreement shall, where required by the BankCEB, be delivered to the Bank CEB together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail notices or communication made in accordance with this Article 12.1. TAXES AND EXPENSES The Borrower shall pay, the following notices, communications and documents shall also be sent by registered letter to the relevant Party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices extent applicable, all taxes, duties, fees and communication in respect other impositions of whatsoever nature, including stamp duty and registration fees, arising out of the defermentsigning, cancellation and suspension registration, implementation, termination or enforcement of a disbursement the Agreement and/or any related document as well as of the creation, perfection, registration, enforcement or release of any Tranche, interest revision or conversion Security required under the Agreement. For the avoidance of any Tranchedoubt, Market Disruption Event, Prepayment Request, Prepayment Notice, Event provisions of Default, any demand for prepayment, and (iii) any other notice, communication or document required by the Bankthis Clause 18 do not relate to enforcement of Clause 3 of this Agreement. (f) The Parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé). The address and electronic mail address (and the department for whose attention the communication is to be made) of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice or other communication given under this Contract must be in writing and, unless otherwise stated, may be made by letter or letter, electronic mailmail and facsimile. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- letter, facsimile or by electronic mail. Such notices and communications shall be deemed to have been received by the other Partyparty: (i) on the date of delivery in relation to a hand-delivered or registered letter; and; (ii) on receipt of transmission in relation to a facsimile; (iii) in the case of any electronic mail sent between the parties to this Contract, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party Bank shall specify for this purpose.; or (c) Any notice provided by the Borrower to the Bank by electronic mail shall: (i) mention the Contract Number in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or other common non editable file format agreed between the Partiesparties) of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriate, attached to the electronic mail. (d) Notices issued by the Borrower pursuant to any provision of this Contract shall, where required by the Bank, be delivered to the Bank together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail or facsimile notices or communication made in accordance with this Article 12.1, the following notices, communications and documents shall also be sent by registered letter to the relevant Party party at the latest on the immediately following Business Day: (i) Disbursement Acceptance; (ii) any notices and communication in respect of the deferment, cancellation and suspension of a disbursement of any Tranche, interest revision or conversion of any Tranche, Market Disruption Event, Prepayment Request, Prepayment Notice, Event of Default, any demand for prepayment, ; and (iii) any other notice, communication or document required by the Bank. (f) The Parties parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privé)hand. The address address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg Facsimile no: +▇▇▇ ▇▇▇▇ ▇▇▇▇▇ E-mail address: ▇▇▇▇▇▇▇▇▇_▇▇-▇_▇▇▇▇▇▇@▇▇▇.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia Facsimile no: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party party in writing of any change in their respective communication details.

Notices. 12.1.A Form of Notice (a) Any notice (including any document or other communication communication) to be given or made under or in connection with this Contract must Agreement to the CEB or the Borrower shall be in writing and, and unless otherwise stated, may be made by letter registered letter, electronic mail or electronic mail. (b) Notices and other communications for which fixed periods are laid down in this Contract or which themselves fix periods binding on the addressee, may be made by hand delivery, registered letter- or by electronic mailfacsimile. Such notices and communications notice shall be deemed to have been received by the other Party: (i) on in the date case of delivery in relation to a hand-delivered or registered letter; and, on the date of delivery; (ii) in the case of any electronic mail mail, only when such electronic mail is actually received in readable form and only if it is addressed in such a manner as the other Party shall specify for this purpose.; (ciii) in the case of electronic mail, which contains a Disbursement Notice, sent by the CEB to the Borrower, when the electronic mail is sent; and (iv) in the case of a facsimile, on receipt of transmission. Any notice provided by the Borrower to the Bank CEB by electronic mail shall: (i) mention the Contract Number LD reference in the subject line; and (ii) be in the form of a non-editable electronic image (pdf, tif or any other common non editable file format agreed between the Parties) signed by the person or persons duly authorised to sign such notice on behalf of the notice signed by an Authorised Signatory with individual representation right or by two or more Authorised Signatories with joint representation right of the Borrower as appropriateBorrower, attached to the electronic mail.. Without affecting the validity of notices by electronic mail or facsimile made in accordance with this Clause, the following notices shall also be sent by registered letter to the other Party at the latest on the immediately following Business Day: (di) Notices issued Disbursement Requests; (ii) any communications in respect of the suspension, cancellation and/or prepayment, of the Loan or in respect of a Prepayment Notice; and (iii) any other communication required by the CEB. The Parties agree that any above notice (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand. The postal address, fax number and electronic mail address (and the department or officer, if any, for whose attention the communication is to be made) of each Party for any communication to be given or made under or in connection with this Agreement is: Ministry of Finance of the Republic of Serbia ▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ 11000 Belgrade Serbia Attention: Minister of Finance Fax: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ Council of Europe Development Bank ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ 75116 Paris France Attention: Head of Projects Division Fax: + ▇▇ ▇ ▇▇ ▇▇ ▇▇ ▇▇ The CEB and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details. All notices to be given or made under or in connection with the Agreement shall be in English or French or, if in another language, shall be accompanied by an English or French certified translation thereof, when so required by the CEB. All notices to be given or made by the Borrower pursuant to any provision of under or in connection with this Contract Agreement shall, where required by the BankCEB, be delivered to the Bank CEB together with satisfactory evidence of the authority of the person or persons authorised to sign such notice on behalf of the Borrower and the authenticated specimen signature of such person or persons. (e) Without affecting the validity of electronic mail notices or communication made in accordance with this Article 12.1. The Borrower shall pay, the following notices, communications and documents shall also be sent by registered letter to the relevant Party at the latest on the immediately following Business Day: (i) Disbursement Acceptance (ii) any notices extent applicable, all taxes, duties, fees and communication in respect other impositions of whatsoever nature, including stamp duty and registration fees, arising out of the defermentsigning, cancellation and suspension registration, implementation, termination or enforcement of a disbursement the Agreement and/or any related document as well as of the creation, perfection, registration, enforcement or release of any Tranche, interest revision or conversion Security required under the Agreement. For the avoidance of any Tranchedoubt, Market Disruption Event, Prepayment Request, Prepayment Notice, Event provisions of Default, any demand for prepayment, andthis Clause 18 do not relate to enforcement of Clause 3 of this Agreement. (iii) the preparation, execution, perfection, management, enforcement and release of any other noticeSecurity required under the Agreement. Notwithstanding the above, communication or document required by Article 4.7 (Cost of arbitration) of the Bank. Loan Regulations shall apply regarding the costs of the arbitration set forth under Clause (f) The Parties agree that any above communication (including via electronic mail) is an accepted form of communication, shall constitute admissible evidence in court and shall have the same evidential value as an agreement under hand (sous seing privéDisputes). The address After repayment of all outstanding principal under the Loan as well as payment of all interests and electronic mail address other expenses resulting from the Agreement, including in particular those amounts under Sub‑clause 4.9 (Default Interest Rate) and Clause 18(Taxes and Expenses), the department for whose attention the communication is to Borrower shall be made) fully released from its obligations arising out of each Party for any communication to be made or document to be delivered under or in connection with this Contract is: For the Bank Attention: OPS/MA-3 PUB SEC (SI,HR,WBs) ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L-2950 Luxembourg E-mail address: ▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇@▇▇▇Agreement.▇▇▇ For the Borrower Ministry of Finance ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia E-mail address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ Copy to: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Bank and the Borrower shall promptly notify the other Party in writing of any change in their respective communication details.