All of the provisions of the Bank's Standard Terms and Conditions dated 1 May 2025 are hereby incorporated into and made applicable to this Agreement with the same force and effect as if they were fully set forth herein, subject, however, to the following modifications (such provisions as so modified are hereinafter called the "Standard Terms and Conditions"):

Wherever used in this Agreement (including the Preamble and Schedules), unless stated otherwise or the context otherwise requires, the terms defined in the Preamble have the respective meanings given to them therein, the terms defined in the Standard Terms and Conditions have the respective meanings given to them therein and the following terms have the following meanings:

"Borrower's Authorised Representative" means the Minister of Finance of the Republic of Serbia of the Borrower, or any other person duly authorised by the Borrower's Government as may be notified in writing by the Borrower to the Bank from time to time.

"ClientNet" means the Bank’s online portal for the transmission of documents and information between the Bank and its clients, and any replacement website as the Bank may from time to time notify the Borrower.

"Enforcement Policy and Procedures" means the Bank’s Enforcement Policy and Procedures dated 4 October 2017.

"Last Availability Date" means the date as specified in

Section 2.02

.(f).

"Loan Currency" means the Euro.

"Project" means the project as described in Schedule 1.

"Project Agreement" means a project agreement between the Bank, the Beneficiary and the Project Entity, as such agreement can be amended from time to time.

In this Agreement, a reference to a specified Article, Section or Schedule shall, except where stated otherwise in this Agreement, be construed as a reference to that specified Article or Section of, or Schedule to, this Agreement.