Common use of Representation and statements Clause in Contracts

Representation and statements. 13.1 Representation of the Borrower. The Minister of Finance and such persons as designated by him or her to KfW and authorised by specimen signatures authenticated by him or her will represent the Borrower in the execution of this Loan Agreement. The Minister of Mining and Energy and such persons as designated by him or her to KfW and authorised by specimen signatures authenticated by him or her will represent the Borrower in the implementation of the Program and this Loan Agreement. The powers of representation will not expire until their express revocation by the representative of the Borrower authorised at such time has been received by KfW. 13.2 Addresses: Declarations or notifications in connection with this Loan Agreement must be in writing. They must be sent as originals or – with the exception of requests for disbursement - via facsimile. Any and all declarations or notifications made in connection with this Loan Agreement must be sent to the following addresses: 60046 Frankfurt am Main Germany Fax: +▇▇ ▇▇ ▇▇▇▇-▇▇▇▇ 11000 Belgrade Republic of Serbia Fax: +▇▇▇-▇▇-▇▇▇▇-▇▇▇ 11000 Belgrade Republic of Serbia Fax: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇

Representation and statements. 13.1 Representation of the Borrower. The Minister of Finance and such persons as designated by him or her to KfW and authorised by specimen signatures authenticated by him or her will represent the Borrower in the execution of this Loan Agreement. The Minister of Mining Construction, Transport and Energy Infrastructure and such persons as designated by him or her to KfW and authorised by specimen signatures authenticated by him or her will represent the Borrower in the implementation of the Program Programme and this Loan Agreement. The powers of representation will not expire until their express revocation by the representative of the Borrower authorised at such time has been received by KfW. KfW.‌ 13.2 Addresses: . Declarations or notifications in connection with this Loan Agreement must be in writing. They must be sent as originals or – with the exception of requests for disbursement - via facsimile. Any and all declarations or notifications made in connection with this Loan Agreement must be sent to the following addresses: 60046 Frankfurt am Main Germany Fax: +▇▇ ▇▇ ▇▇▇▇-▇▇▇▇ 11000 Belgrade Republic ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇,▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia Fax: +▇▇▇-▇▇-▇▇▇▇-▇▇▇ 11000 Belgrade Republic Ministry of Serbia Fax: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇Construction, Transport and Infrastructure Nemanjina 22-26,

Representation and statements. 13.1 Representation of the Borrower. The Minister of Finance and such persons as designated by him or her to KfW and authorised by specimen signatures authenticated by him or her will represent the Borrower in the execution of this Loan Agreement. The Minister Director of Mining and Energy the Project Coordinating Agency and such persons as designated by him or her to KfW and authorised by specimen signatures authenticated by him or her will represent the Borrower in the implementation of the Program Project and this Loan Agreement. The powers of representation will not expire until their express revocation by the representative of the Borrower authorised at such time has been received by KfW. 13.2 Addresses: . Declarations or notifications in connection with this Loan Agreement must be in writing. They must be sent as originals or – with the exception of requests for disbursement - via facsimile. Any and all declarations or notifications made in connection with this Loan Agreement must be sent to the following addresses: 60046 Frankfurt am Main Germany Fax: +▇▇ ▇▇ ▇▇▇▇-▇▇▇▇ 11000 Belgrade Republic of Serbia Fax: +▇▇▇-▇▇-▇▇▇▇-▇▇▇ 11000 Belgrade Republic of Serbia Fax: +▇▇▇ ▇▇ -▇▇-▇▇▇▇ ▇-▇▇▇

Representation and statements. 13.1 Representation of the Borrower. The Minister of Finance and such persons as designated by him or her to KfW and authorised by specimen signatures authenticated by him or her will represent the Borrower in the execution of this Loan Agreement. The Minister of Mining Construction, Transport and Energy Infrastructure and such persons as designated by him or her to KfW and authorised by specimen signatures authenticated by him or her will represent the Borrower in the implementation of the Program Programme and this Loan Agreement. The powers of of‌ representation will not expire until their express revocation by the representative of the Borrower authorised at such time has been received by KfW. 13.2 Addresses: . Declarations or notifications in connection with this Loan Agreement must be in writing. They must be sent as originals or – with the exception of requests for disbursement - via facsimile. Any and all declarations or notifications made in connection with this Loan Agreement must be sent to the following addresses: 60046 Frankfurt am Main Germany Fax: +▇▇ ▇▇ ▇▇▇▇-▇▇▇▇ 11000 Belgrade Republic ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇,▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Serbia Fax: +▇▇▇-▇▇-▇▇▇▇-▇▇▇ 11000 Belgrade Republic Ministry of Serbia Fax: +▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇Construction, Transport and Infrastructure Nemanjina 22-26,