The Parties undertake to submit any dispute which may arise relating to the legality, validity, interpretation or performance of this Loan Agreement to the exclusive jurisdiction of the Court of Justice of the European Union in accordance with Article 272 of the Treaty on the Functioning of the European Union.

Judgements of the Court of Justice of the European Union shall be fully binding on and enforceable by the Parties.

The Lender may enforce any judgement obtained from the Court of Justice of the European Union, or other rights against the Borrower in the courts of the Borrower in accordance with the procedures of recognition and enforcement of foreign courts decision as set forth by the Borrower legislation.

The Borrower hereby irrevocably and unconditionally waives all immunity to which it is or may become entitled, in respect of itself or its assets, from legal proceedings in relation to this Agreement, including, without limitation, immunity from suit, judgement or other order, from attachment, arrest or injunction prior to judgement, and from execution and enforcement against its assets, to the extent not prohibited by mandatory law.

The Lender acknowledges that the Borrower considers this Loan Agreement to be an "International Treaty" in the sense of Article 2 of the Law on the Conclusion and Execution of International Agreements of the Republic of Serbia ("Official Gazette of RS", No. 32/2013).