Without prejudice to any applicable law, for the purposes of serving judicial and extrajudicial documents in connection with any action or proceedings referred to above, the Borrower irrevocably chooses its registered office as at the date of this Agreement at the address set out in Clause 16 (Notices) for service of process, and the Lender chooses the address “AFD PARIS HEAD OFFICE” set out in Clause 16 (Notices) for service of process.

18 DURATION

This Agreement comes into force on the Effective Date and remains in full force and effect for as long as any amount is outstanding under this Agreement.

Notwithstanding the above, the obligations under Clauses 12.3 (Co-Financing) and 15.9 (Confidentiality - Disclosure of information) shall survive and remain in full force and effect for a period of five (5) years after the last Payment Date; the provisions of

Clause 11.6.2

(Environmental and social (ES) complaints- management) shall continue to have effect whilst any grievance lodged under the ES Complaints-Management Mechanism’s Rules of Procedure is still being processed or monitored. Executed in three (3) originals, one (1) for the Lender and two (2) for the Borrower, in Belgrade (Republic of Serbia), on December 17, 2024.

BORROWER

REPUBLIC OF SERBIA

___________________________________________________________

Represented by:

Name: Mr. Siniša Mali

Capacity: First Deputy Prime Minister and Minister of Finance

LENDER

AGENCE FRANÇAISE DE DÉVELOPPEMENT

___________________________________________________________

Represented by:

Name: Mr. Rémy Rioux

Capacity: Chief Executive Officer

___________________________________________________________

Cosigner, His Excellency Mr. Pierre Cochard, Ambassador of France