Uvod
EXECUTION VERSION
(Operation Number 56092)
GUARANTEE AGREEMENT
(SRBIJAVOZ SLEEPING CARS)
between
THE REPUBLIC OF SERBIA
and
EUROPEAN BANK
FOR RECONSTRUCTION AND DEVELOPMENT
Dated 31 October 2025
TABLE OF CONTENTS
ARTICLE I - STANDARD TERMS AND CONDITIONS; DEFINITIONS ......................... 1 Section 1.01. Incorporation of Standard Terms and Conditions ........................... 1 Section 1.02. Definitions ..................................................................................... 1 Interpretation ................................................................................. 2
ARTICLE II - GUARANTEE; OTHER OBLIGATIONS .................................................... 2 Guarantee ..................................................................................... 2 Project Completion ........................................................................ 2 Other Obligations .......................................................................... 3 Effectiveness of the Guarantee ..................................................... 3
ARTICLE III - MISCELLANEOUS .................................................................................. 3 Notices .......................................................................................... 3 Legal Opinion ................................................................................ 4
GUARANTEE AGREEMENT
AGREEMENT dated 31 October 2025 between THE REPUBLIC OF SERBIA (the
"Guarantor") and THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (the "Bank").
PREAMBLE
WHEREAS, the Guarantor and the Borrower have requested assistance from the Bank in the financing of the Project.
WHEREAS, pursuant to a loan agreement dated the date hereof between Akcionarsko društvo za železnički prevoz putnika “Srbijavoz”, Beograd as Borrower and the Bank (the "Loan Agreement" as defined in the Standard Terms and Conditions), the Bank has agreed to make a loan to the Borrower in the amount of EUR 42 million, subject to the terms and conditions set forth or referred to in the Loan Agreement, but only on the condition that the Guarantor guarantees the obligations of the Borrower under the Loan Agreement as provided in this Agreement.
WHEREAS, the Guarantor, in consideration of the Bank entering into the Loan Agreement with the Borrower, has agreed to guarantee such obligations of the Borrower.
NOW, THEREFORE, the parties hereby agree as follows: