National Highways Authority of India (Ministry of Road, Transport & Highways) Government of India CONCESSION AGREEMENT Between 2) nal Highways Authority of India G-5 & 6, Sector-10, Dwarka, New De hi-110075 And M/s Sadbhay Udaipur Highways Private Limited Regd. Off: Sadbhav House, Opp. Law Garder Police Chowk, Ellisbridge, Ahmedabad - 380006, Gujarat For of Greenfield proposed udaipur by pass [Connection Between NH-76 at Existing Kun 118.500 at Debri to NH-8 Km 287.400 at Kaya Village [Udaipur By Pass Length 23.883] on Hybrid Annuity Mode, Package - IV under NHDP Phase - V, in the State of Rajast Volume -I (CONCESSION AGREEMENT, SCHEDULES) June - 2017National Highways Authority of India (Ministry of Road, Transport & Highways) Government of tadia Sis lane of Greenfield proposed ulaipur by pass [Comacetion Berween NH-76at Existing Ka 118.500 at Debri tu NUS Kin 287,400 at Kaya Village [Udaipur By Pass Lengths 23.883] ‘ou Hybrid. Anneity Mode, Package - LV under NIDF Phase Vy inthe State of Rajasthan INE [s | peserierion | race | No.) NN. | o1 | VOLUME -1 ea | | (Concession Agreement & Schedule) | | o2 | voLume - 1 ‘237-495 | (Annexures) 03 | VOLUME - III | ° | forewings =Public Private Partners! In Highway Development CONCESSION AGREEMENT for SIX LANE OF GREENFIELD PROPOSED UDAIPUR BYPASS [CONNECTION BETWEEN NH-76 AT EXISTING KM 1184500 AT DEBRI TO NH-8 KM 287+400 AT KAYA VILLAGE (UDAIPUR BYPASS LENGTH 23.883)] ON HYBRID ANNUITY MODE, PACKAGE-IV UNDER NHDP PHASE V IN THE STATE OF RAJASTHAN. Government of India‘Fe ive of Geld ops parte [Casson Baas NTE a Sg oT PUBLIC PRIVATE PARTHERSIPN HYBRID ANNUITY PROLECTS Contents PART 1 Concession Agreement 1 Deinons and Interpretation Lesions 13 Mesarerets andar samesons 14 Py ofagresmens, uses nd snes PARTIE ‘The Concession 2 Scope he Projet 2 Seapeafthe Projet 3 Geant of Conceson 2A The Concsion 4 Condition Preces 41 Conditions Preedet 42 Damages ode byte Auoriy 43 Danuges for delay by the Concesionate 44 Conpencament of Concession Fead 45 Deomedematton vpn ty S Obligation Concessonire S11 Obligations afte Cosson 52. Diliulonsreltingo Prot Apes 53. Obligaioneretsingto Change in Ovnerp 54 Obligations retaingto enptoyment of fin maton Obigains eating to employment of tind pono ‘6 ies or dierent abled an elder persns 57 Bralng of Pet 58 Soe pupose of he Conesonie Det NTH Km 247-400 a Ks via (Ua bynes 23 8} 0 thd ey Node 2 on on 05 8 o7 7 09 09 10 10 Pry a 2 2 a3 43 a4 4 8 15 16 uw 16 18 ae 9 19[SN NEY PUBLIC PRIVATE PARTAERSHIP IN HYBRID ANNUITY PROJECTS ) © Obiigation of he Antari 6.1 Obloations othe Astor 62. Maintenance obligations pir to Appoitied Date 63, Obligation resin to refining 7 Representations and Warranties 71 Roprsenttions an vara fhe Cancesonsie 72. Representations an warns fhe Authority 73 Dissosie © Dietimer 81 Discaimee PART I Development and Operatio 9 Performance Security 8.1 Prfrmance Security 82 Appoprintion of Perfomance Security 93 Relaseof Perfomance Sosy 9 Deered Performance Seis 95 Apron of Deemed FefomnaneeSesriy 95 ReleancetoFerornance Sein 8 Addon! Permance Ses 98 Aporeation an Rese of Adana! Paiarnce Sear 10 ih 102 Llanes Aco and Rigi ay 103 Posuenet ete Sie 104 Siero be em Ec 10 Petco Sto xem 106 Spsitnenpan rior 107 Ase Ahora np Enger 10S Gee rag finds [E= By 109° Lad orwayside amenities ‘Sle of Gress apna Veer ps [Conan Posh NNT eng Kn T1830 Des i 8 Kim 257s Kap vape (oi ypasenpn 238) on Tybo ye 3 SO ee 20 20 a an 23 23 246 25 26 26 27 27 28 28 28 2a 29 29 29 29 29 30 30 30 an 33 3 3 33 33 4‘Trina Gea Pope Uap tps [Canacton tases Tem ng hn TES PUBLIC PRIVATE PARTNERSHIP IN HYBRIO ANNUITY PRONECTS 1s 6 ats Associated Roads and Trees HLL Esisting ites an ods 112 Shing ofobstingt 113 New ats aronds MA Feling of Tse Construction othe Project 124 Maintenance ding Cnsution Pood 125 Dated Monitoring of Consteueton 15.1 Moniy progres repos 132 Inspoation 133 Tete 134 Delays ding constuction 13.5 Suspension fuse Consbuton Wonks 136 Videorconing ‘Completion Cette Mat Teas 142 Compesin Cifeste 143 Provisional Cait 144 Cempein of inch Li items 145 Witting of Provision or Completion Cente 15.1 Cereal Operon Date (COD) Commercial Service 15.2 Damages for delay Change of Scope 16.1 Change of Scope 162 Pacer for Changs of cape 163 Payment for Chang of Scape Dbtigason pret commencement of sonstrstion Deswings gn 2888) on Atay Made‘Seo Ga Prana Uap ap (Comecon Bewen NT ‘PUBUC PRIVATE PARTRERSHI 164 Restitions on sean works 165 Powerof the Autor toundorake works 166 Reson in Scope ofthe Projet 16.7 Eset of Change in Scope onthe O&M Coss 17 Operation and Maintenance 121 ORM obigtions ofthe Consessionsite 174 Majotensnce Popa 17 Safety reshdowns and edo, 17.6 Decommissioning due a Emerson 117 Paecteosue 178 Damages tor wea of maitenance obitions 179 Auton’ ight tthe remedial measures 12.10 Overiing powers ofthe Aushoiy 17.1 Reston of ov dag to Peet 1712 Moditeatons othe Project, 1713 seus ram perfomance of obligations 114 Deleted 17.15 Instalinion os operation oF CCT 1716 Advertising once se 1 Safey Regiments 182 Expeninre on Say Requremens 194 Maethytaas eps 192 taspecton 193 Tess 194 Rene measse 195 Repos ef ums accurence 20 Regulation and Manageme 20.1 Trae repultion bythe Concessions IN HYBRID ANNUITY PROUECTS.—_ eg en 100 Dou oN Kon 387 4 Kage ila (Uanper Eyam 23.80) s0 hh ay Me 5 ae 7 a7 48 48 50 50 52 51 51 82 52 52 53 53 54 34 54 55 35, 55 55 56 56 36 57 37 371 m3 2a 2s Independent Engineer aia aa as Pie sions uiling for Tac Ai Poe Medi Aid Posts Pings oe Medial Aid Pos ‘Contr systems and newark Api of ndsprdet Engineer uses an instion ‘Terintin of pine Authorized sgntries Dispute estvion 23Payment of Bi Project Cost, Financial Close a ma a ma aa as ne at Bs no Final Close ‘osnnton doit stleveFaancal Clase Bid jst Co Ades Bi Pre Cas Payment of Bid Pest Cost Payer ating Contraction etad Bons onc compan Ausity Payments ing Operon Ped (oaNtPamens Motz advance ‘Teanent incomplete wars 24 Anile24 Deka a ‘ei NIES Rn 2} at Kea pur ype og ‘Si as [Coreen an NTS ing T1R0 a 88) oa ted set Made 58 59 59 50 50 a 6 s 6 6 66EE \ SU) 25 Escrow Account 252 Deposits io Escrow Account 284. Wiavas uponTemsnton 252 sane Cover 263. Neves tobe Auto 264 Eien ofimesnce Cover 265 Remedy fret nse 266 Waiver forsstrogation 267 Consesanaie’s wainee 268 Application insurance poses 27 Account And Audit 2N1_Auded Aosounss 212 Appoisiment of Airs 2A sett 278 Dispute weston Party Force Majeure and Termination 283, Withdrawals dung Concession Prod 26. Insurance ding Coneson Pei 269 Compliance win condos of ssnoee pices PUBL PRIVATE PARTNERSHIP IN HYBRID ANNUITY PROJECTS 213 Cenieaion fens Stauton Adios Force Majeure 281 Fore Majeure 282 Non Plies! Event 283 nest Pain ven: 284 Poi sore 285 Duty a report ore Majo vert 286 Eft of Farce Majeure Eve onthe Concession 287 Allocation of ests rising ou of Fre Najwe 288 Temiaton Nat fr Farce Maju Eset ioe a Gal Wraps Ua as [Cameo wees 6 w ase Kn TSO Bento NV Km 28740 Ki ape pr ypen 738) Iti Ay Noe re ape a % a 3 B " " “ ” 1” 5 6 16 16 ” ” ”» 0 a 2 289 Teton ayent fe Fare Mowe Event 28.10. Dispute restuion 28.) Exause fom peomnee of iatins 2812 Deleted Compensation for Breach of Agreement 29.1 Compension fr def bythe Consesonsice 292 Componstin fr deft bythe Author ‘Sespetron OF Conceionie’ Rights 30 Susperioninen Cancesionite Det 302 Autry tat o eal of Conesionaive 303 Revocation of ispension 304 Subttion of Conssonie 305 Temination ‘Termination 31.1 Teintion fr Concessions Dea 312. Tominain fr Authority Def 213. Tomi Payment 314 Cetin iitons on Termination Payment 315. Other rihtsand obipsiors ofthe Aubority 316 Survival frahte Divestment of Rights And Interest 521 Divestnent Requirements 523 Cooperation assistance on nse of Projet S24 Vesting Ceifieate 525 Dhvsenen cose Defects Liab after Termination Bs or detest ser Termination 382 ReettioninEsrw Account ‘Sy loe of Grad Paps pr tps [Grassi paves NTS w eg TOO Dro Mk Ro aoa Kay ape (in pen 23.3) on tant Amey Mo SOE ES Raea) _ PUBLIC PRVATE PARTNERSHIP IN HYBRIO ANNUITY PROJECTS Part VI ‘Other Provisions 34 Assignment and Chases 3 mas Reston nasgnment and chess emit signet nd charges Subsiuion Ageenere Asignmen by the Autor 35 Change Law 381 382 a3 3s a5 Ince in Coss Rotution neous Preston of NPV Resin on cash competion Deis 36 Linbitiy And inerity 36) Gevelindennity 2362 Inde ye Concessions 33 Nace comes of dans 364 Defoe olin 365 NoConsequertal eins 365 Serva on Temiation 37 Rightsamd Tie over The Ste Sn Lienert 372 Acces ofthe Authority and ters 373 Prope tnes 374 Restainansubeting 38 Dispute Reston 38.1 Dispute eslton 382 Conc 283 Artin 384 Adjudication ys uit 39 Disclosure 38.1 Dishsur of Species Documents “rims of Gosia Nepal Cir pas Coons bees NT a ana TST Dine wt kn 07400 Kp snr yp 94) on 6 Aly Mae Se NDP pe te SePUBLIC PRIVATE PARTNERSHIPIN HYBRIO ANNUITY PROMECTS 2 Dislosre of Doom retin 0 Sey 109 393 Withholding of Diloasure of Pet Documents 109 40 Redroual OFPabtie Grievances ito 40.) Complains Regie aio 402 Redes of Complains 110 $1 Micetineous aaa 81 Governing wae json aT 412 Waiver ofiomeniy aa 413. Depesiaion aaa ALA Dedyed payments ata 415 Waiver a2 81 Lisi for review of Docume nd Brings = U7 _Excsin of impli warts te. oa a1 Suvi a2 419) Bate Ageenene a3 4110 Sever arat S11 Nopanesip aaa $412 Th puts 13 ALIS Sieesorsandasins S114 Notes S115 Language $116. Couterpue 41117 Ste Suppo Agen $2 Defintons 42.1 Define Schedules. A Ste ofthe Projet 1 These Aes: Site for Prose 1B Deselopmen ofthe Projet, Development oft Projet 2 Sivtaning Pepe and NRO gta Ye he__PUBUC PRIVATE PARTNERSHIP IN HYBRID ANUITY PROJECTS Anne Desepan of rjest as © Project aces Py 1 Pej Fas a wesc: Pres Faites 167 1D speiteans and Standards in Speciation an tna forthe Project in Annex: Speen an Suda forthe projet 473 E Applicable Permits 174 1 Aplcable emis 74 F Performance Seeaiy 375 Project Completion Sehdate 178 1 Prjee Compton Schesle 178 2 ProjeeeMiestones 378 3) Projet Milestone 1768 4 Pajet Milestones 178 5 Scheu Completion De 278 6 Extension of Peed 179 Drawings 185 1 Drawings 185 2 Aésonsl dain 165 Ame List of Drawings 166 1 Tes 187 1 Scheie for Tes aa 2 Tews 187 3 Apane er condting Test 168 4 Completion Provisional Ceifte ass 5 Tetdiingconstction 108 4 Completion Cevtnete 188 1 Comlesan Cerifente 189 LEY 2 Provisional Catone 190 )KMntnaceegemens aoa 1 Sinenance Regenesis aoa Ney ‘Files o Geng Pal Ur pus [Coens bs Tow aa Taso inhar'e MME Rn 87040 st apa ig (sr essen 2380] on Hors Ay Mase PR a atPUBLIC PRIVATE PARTNERSHIPIN HYBRID ANNUITY PROJECTS 2 Reine of dis nd defenses toa 3 Otbrdefes and defenses toa 4 Estnton ft it 299 5) Emegenyrepasestntion 192 {6 Dally aspen by the Concesioine 192 7 Diesen Reyuiamene 192 8 Disphy ofSehedlek 192 Ames: Repaitetietn of fs nd deen 193 1 say Requirements 195 1 Ging Prins roy 2 Obligation ofthe Concesonie 195, 3 Appointment of Safty Cosa 195 4 Safty messes ding Development Prod 195 5 Safety masts ding Construction Period 196 6 Salay ness ring Operation Po 197 7 Cossant expenses 397 [M_—Selestion ondependent Engine 199 1 Selcsion of dependent Enger 199 2 TamsotReteense 199 3 Fevanteapenses 199 4 Seletion every te yer 199 5 Aapoinment of goverment ety Inlepennt Eaginer 199 IN Termsaf Reference fr Independent Enginser 201 1 Scope 201 2 Defnins ndisertion 201, 3) Rolland fron of leper Engineer 201 4 Developmen Pid 202 5 Comtration Pei 202 © Operation Pes 204 1 Terminsion 205 8 Dati of ots ante 206 9 Asstaesin Disp esclaton Ot) 206 ‘ee vf Gr Papal Clip as econ eas Tew eine 8S ‘ei IES Rin 20000 Kapil ii npn 23.89) 0 is Any Wade Fee ee eee a aPUBLIC PRIVATE PARTNERSHIP IN HYBRID ANNUFTY PROSECTS 10 tered isons Bs Menus roe © aero Agree 208 1 Det nt pein an son Accu, aS 2p ow Aco ni 4 Wada om ao Asst 2a 5 Obligton fhe Eso Ba a4 6 Exon Def 25 7) Talon of Exsow Agee! 2s 8 Sopplemenary Far Ageenen 216 9 deities ae 10 Dips Reson ao 1 ssi Pviions 27 P Pan of Chartered Ascott va 1 Pans Chatee Accents vee 2 ven tenga 222 2 aanin ad sein 222 4 Coan vith be Conese a 5 May aed pet aaa Vesting Create aaa R_Sebstatn Agree ea 1 Dette nd ie 225 2 snort me 2 Suttons he Conese 227 4 Pj Ase 229 5 Telnson of Coeeion Apes a & Darton the Ageonet 230 7 deny 230 4 DispteRessin 231 9 Micon Pesos kanINDIA NON JUDICIAL 2 e-Stamp 5 Cores No, n-0L9026487s602520° [2 Contate issued Date 06-tun.2017 12:08 PM 5) Aecour elerence IMPACC (vy 79100 DELMUOL-DLH Unique Dos. Reference SUEIN-DLDLTt009=1 429000723776 Purchased by SSADBHAV UDAIPUR HIGHWAY PT LTD ©) Doscretion of ecuent Artee 5 General Agroement Property Deserision Not Appice ‘Consideraton Price (Rs) ° (Zoro) Fret Party 'SAOBHAV UDAIPUR HIGHWAY PVT LTD. ‘Second Paty NATIONAL HIGHWAYS AUTHCAITY OF INDIA ‘Stamp Duty Pld By SADBHAV UDAIPUR HIGHWAY PVT LTD 1p Duty Amount 100 ‘Stamp Duty Amounts.) ee sae oryis | & gt 2007 wh Pir at Pea sat meth ree ar sore RIPE, tone as dees area ee seI_fare rer ufsPitiee gee are ede ate Ree wart wrafere is abe g, Gece 10, ure, ie cee 8 (Red er ewe sree fom re fa ie IR fel REG see's teow soe, eooterd aft wet ht thee . eed meanest corte wept MARE, hs AI, 2018 A TUNA A ar RaeINDIA NON JUDICIAL . Government of National Capital Territory of Delhi * e-Stamp Corticato No, ‘oLovzeass000517aP Ccontieate eevee Date 08.Jun-2017 1208 Pi Aecaun ference IMPACC (vy d791009/ DELHUDL-OL E.._Unique Doe. Rofernce SUBIN-DLDL7et00381425085777883° 5} Purchasea by ‘SADBHAV UDAIPUR HIGHWAY PVT LTD. (G2 _Descrigtion of Document Aiticle 5 General Agreement Property Dascipion Not Agpeabie Consideration Pca (a) o (zero) Fat Paty “SADBHAY UDAIPUR HIGHWAY PVT LTD Secona Party [NATIONAL HIGHWAYS AUTHORITY OF INDIA Stamp Duty Pad By £ SADBHAY UDAIPUR HIGHWAY PVTLTO Stamp Duy Amounts) 1 need ory) Preset bom hse, CONCESSION AGREEMENT THIS AGREEMENT is rere ro on his tbe day Fe, 2017 BETWEEN THE NATIONAL HIGHWAYS AUTHORITY OF INDIA, essed wer the Nation Mghwsys “Rutoiy of ina Act 1988 repented be Chan ond henge ies a G3 & 6, Secor Tt: Dwar, New Deli 16075 (hee eed To ase “Author” which expression sal, less ‘epugrnt othe ones or ean here, nl salar socesors and sins) of One Pa prays Private Limited » company incorporated unde the provisions of he 1U4S309632017FTCO7SOE an ang HS regStered ee at Sabine sk, Elehigs Abmedaed, Gat 35000 tele eee Was Sinem fee 3 a re Or. aj GaPUBLIC PRIVATE PARTNERSHIP IN HYBRID ANNUITY PROJECTS ‘WHEREAS: @ °) © co} @ 0 @ ‘The Government of i had entrusted to the Authority the development, maintenance {and management of National Hahway No. 76 and Binding the section from exiting ‘ey 118.500 of NH to enisting kn 287 400 of NH (anpt08.73.883 km). The Authoiy hh resolved to augment the from exsting hm 11800 of NH-76t existing km 287-400, ‘OF NILE (approximately 3.883kn) on the Kishangarhicaipur Ahmedabad section of National Highway No.76 and & (hereinafter called the "NH 76 and 8°) inthe State of Aajathan by So-Laning thereot {tre "Projet”) on degen, bull, operate and transfer {the "DBOT Annuity" or "Hybrid Annuity") basis, which shal be party financed by the Concessonare who shall recover its investment and costs though payments t9 Be ‘made by the Authoty, n accordance with the terms axd conditions to beset orth na concession agreement tobe entered it. ‘The Authority had adopted a sng stage two envelope isdn process and accordingly Invited propasals by its Request for Proposals date 18°snvary, 2017 (the Request for Proposals” or "RFP" for quafication and short lise of bidders for construction, ‘operation and maintenance af the above referred Project on Hybrid uy bas “The Authority had prescribed the technical and commercial terms and conditions inthe FP, and invited bids comprising technical and financial bids from the bidders for Undertaking the Project, After evaluation of the bids received the Authodty Fad technically qualified certain bidders including, intro, the selected bidder ie. Ns Sadbay Infrastructure Prjects Lid and accepted the financial bid of the elected bidder ad issued Is Letter of Avard No. NHAY/NHDP-V/2025)K:U-A/CU-PKg-W/98985dsted 27 Apel, 2017 (hecenater ‘called the "LOA") to the selected bidder requring, inter alia, the execution of this Concession Agreement within & (forty ve) ays ofthe date of suo thereof ‘The selected bidder has since promoted and incorporated the Coneessonaire as 3 limted liaiity company under the Companies Act 2033, and has requested the [Authority to accept the Concessonare asthe entity which shal undertake and perform the obligations and exeree the rights of the selected Bidder under the LOA including tte obligation to enter into this Concession Agreement pursuant to the LOA for Undertaking the Prec. by its letter dated 2405-2017the Concessionare has aso joined in the sald requost of the selected ber tothe Authority to acept fa the entity which shall undertake and perform the obligations and exercse the rights ofthe selected bidder including the Dbligation to enter into this Concession Agreamert pursuant to the LOA. The ‘Concessonsire has further represented to the eect at it has been promoted by the selected bidder for the purposes hereof and has dolvered to the Authority 3 legsl ‘pinion wit respect to the authorty ofthe Concessonsir to enter into this Concession _Agreement and the enforeeobity of the provisions tert ‘The Authority has agreed to the said request of the selected bidder and the Conensone and hs acordigy sed eto Ne Cone Aaenet ‘with the Concessonie for implementation ofthe Project on Hii Almay Bass, subject to ang on the terms and conditions set forthherenater. (= ok of RajiPUBLIC PRIVATE PARTNERSHIP IN HYBRID ANNUITY PROJECTS NOW, THEREFORE, in consideration of the foregoing ae the respective covenants and agreements st forth in this Concession Agreement, thereceipt ad sufcency of which ishereby scinowledged, and intending to be legally Bovne hereby, the Parties agree 35. fellows | rope Uap pss [Come bones NAT a exiingn TTE500 a Deoar to NHS Kn 287-400 at Kay village (ius bypas-Length 23 89] eo Hy Ane Mode, Package ander NADP pase ty Ste ot Raa 16aa HYBRID ANNUIY PROIECTS. ARTICLE 1 DEFINITIONS AND INTERPRETATION Defntons ‘The words and expreisions being wth capa ters and defined in this Agreement Frcading those Art 2) snl amiss the conte etharwise requas hve the Ineanngsesibed thereto herein, and te words and expressions defined In the Schedules and wed therein shathave he rearing arr thereto inthe chee. Inerpretaton nis Agreement unless the context others requis, [a) references to any legilaton or ay provision here shallincue amendment tr esnactient a conslidstion of such elton oar provi thar so far azsuch onendnentore-naciment er coroldaton apps or capable ot "pln to ay Wanscton entrant hereunder, 1) references tol of Ini a Inn law regulon having the fre of aw hall nude the laws, 285, ecdnances, rules reguatons, bye laws or rotitations hich have the free of aw inthe tertory ef nea and stom time to tine may be amended, mosfied,supemantce, extend ore |e) references to a “parson” and words denoting a natural person shat be Consrued a releence to any navi, lem, empany, corporat, 902, rust government, sate or ageney ofa ste or ay aSsodation or parnensip Teteter or nt having separate lea personality two or more ofthe above and saline sucess and ssa {)— the table of contents, headings or subheadings inthis Agreement are fr ‘onveronc of eference ot and shal nt be use i and stall no alec, the ‘otsrution or merprtation otis Agreement 1) the words inude”and"inluing” ae tobe contved without entation and ‘hallo deeed tobe flowed by “thot lntaton” cr "but not miedo" ‘eth ot hey allowed by sch rasa It refrences te "contruction or biling” nce anlessthe content otherwise equres, investigation, desan, engineering procurement, delve Tronsportaion instalation, processing ebreaton. testing, commissioning ans tthe aces niet othe constructor and "consuc” or “bul” shal beconstunasecrse (a) references to “éevelopmant™ iad, uss tho contest otherwise rns {omtucton, renovetinn, rekutishng, sveretaion, opradation and other Setvitesincldetl there, and develop” hal Becontrued accord Ih) any reerene to any prod af ime stall mean a reference to hat ccrd o> ‘aansonandrane ig. i anvreerence to dayshat meana reference to acabadae day, [2 (Be) Duro Nk 38 Kap ae (Upbeat 28580] on He Ary Pa nN a a ee 5 Sais tal! Teo Ges Rape Ups tapes [Cnmenetecan Nc To wea es esCO + /» ® 0 i o o @ © » o w Reference to business dy” shal be construeas reference toa dy (ther than a Surday on whlchoarks ithe Stat re genwaly open for Snes ny reference to month ssl men a erence toa calenéar month ab per the Grezorancalendo references to any dat, prado Poet Mlesane shall mea and inde sch tae, paid or Prjtt Milestone stay be extended pursuant to ths arent any relents to any period commencing “om” 2 spect day or vote ar cunt 2 specid dy or te sal nae eth such days odes provided that teat Cy of ny pera omputs under this Agreement sot sins: dy then the peviog shal run unt he end ofthe nest snes hy ‘the word poring singular saline plural an vce ers Aefeencs to any gender shite he the nthe newt gender ‘taki? means 8 hundres thoveane (100,000) ant erre" means ten ition (10000,00); tndebtedness stall be cents £0 a8 to acide any eign (wheter Incured as principal oF erty) fr te payment oF repayment of money, ‘elereoces to. the “windingwp’, “esolutin®, “isolveney", oF “reortoisaton’ of » company or corporation sna be construd 8086 to incede any eauvsent of analogous proceedings under tho law of the Junction In which sich company or corgoraon Is Inorporsied OF any Juristiction nich such company or corporation ais on usines indudlng the seeing of iusto, winng-p, eorganisaton dstoltion, arangeret, protetion ore of debtors save and except a otha provdea in ths Agreement, ay rference, at 37 time, to any apement, dong, istument, lense or document of any tlcrotion shall be consrord as reference to that agreement, deed insrumert, hese or other dociment as amended, varied, supplemented, modi or suspended atthe tne of Such ference; rovded tat ths Sub: Clase [shall nt operate 2 38 to meease ities or abigaons ofthe ‘thority hereunder or pursin Retetoin any mare whasoees any agreement, censnt, aperval authoratbn, notice, communication IMormation or tepor reacted unde or pursuant this A@reemet fom of by fry Pot ov the independent Engineer sal be vat and effective oly sn “ri unde the hand oy outorired epee of sh Paty othe Independent Engines, athe cae mayb, hi thal znd not otharwise; the Stee and Rests ois Ageenert_ aid he Rese fr Po {are ms angel part fh eet nw eo a ea fecmtnaerceemenaconinan ene ees 1 ec Ades, Cses, Seis, Proviso hee {hefrcoment sb encase ert eho OUT PE e/ id Propane Ui ype [Coonan baness Ne a eae an S00 at Durie MEEK 28 ona Kau ae (spar peng 2988) ca yee Ansty Me a ae NIE pag te Sie ot Ran 6122 aaa aa references to Rasta, Aries, Claus, Sublousts,Prowios and Sebel of fr fo th Agreement; reference tan Annex shal subject Yo ang othe Conteay spectad tern, be construed a a cleence to an AMMEN tothe Schedule in which auch vleenceocce and reference to a Patgah sal Svblec to anything to the contry spectod there, be construed os 2 feforonce tos Pragaphf the thedule ores athe ase may be whch fcheteonceappete Iw) the damages pyle by eter Party tothe ener of ther, a5 oth inthis Fareemert, whether an per erm basis of ots, are mutual ages enuinepre-estinaed ss ad damage elt besullerd an iced bythe Party ented to rece the sme and are ns by way of poray the (0) Tine shal be ofthe essence inthe prformance of te Pats’ respective bition. any ine period specie herein eanded, sch extended tine ‘hala be ofthe esence Unless exes pended otherwise in ths Agreement 3 Docentaton required to be provided lmshed by the Cancesonare to che authorty and/or the IneperdntEngheer shall be provided fee of cost an n thee copies, ad the Futhorty andlor the Independent engreer is requied t retro any sich Dcuretatian with thr coments ana/or agro, they shal be ented to retain ‘he rleol eonstrction any that contract shold be erpreted agaist the pats cesponsise othe dating and pepaation there, hal at pp ‘any word exresion used inthis Agreement stl, ness otherwise deine or Comsred ints Arent, ea rdnry Engh meaning and or these puposes, the General Cauees Ae 1897 salnot pp Measurements ad static conventions ‘at messirmants a celtions sal be Inthe mets sstem ad aleutions done to [two) decal ploes, wth the thd dg of (ie) or above Being rounded up and teow fu] Being aude own, 1.4 Ploy of agreements, causes nd scedles SS EES OE SOT) Bows MiB en sb So at Kay isc (tps en 2588) on PON “is Agreement, and allother agreements 2d documents forming pat of refered to ‘tne apooment ee {0 be taken ae mutaly exlnnery and, unless ohewise ‘Toessiy proved else in th Agreement, the prorty ofthis Agreement and ‘ther document and prem forming rt het or refered tere shan the ‘ent ofan confict between thar, bein he allowing rer (a) ths Aareement; and (2) ater the Ageement ta) above shal reval over the agreements and docuets 3 (b) above 5 ements ani documents erming pat hereto afro erin, RSS aS tn /‘Feo Cia Papel Ur tps [Commie Fa NE (PRIVATE PARTNERSHIP HYBRID ANALY FROM Subject to provisions of Case 1.63, incase of ambiguities or dscrepances win hs ereement, the flowing shal app (0) betweon two or mare Clauses of his Agreement, the pronsions ofa specie ‘Cause elevnt tte sue under coneation tl preva ove thse i otber cane (between the Cues ofthis Aerement end the Scheduls, the Causes shal ‘preva ond between Schule ana Annet, the hedules shall reve {d)__ between ano Schedule Schedule relevant othe Sue shal eval a) between the writen descrotion an the Oring and the Speciation and Stender theater sha pea; |e) between the dinenson sled fom the Orowng and fe spetic wrton timer, te ater hl pew nd Ii) besween any valve writen in numerals and tht In wor, the ter shat preva og ea TO iBhorhe MES Kovsetednt Kaye (pr puna 288) co Hee ay Med Paget anit NDE poe Vp nthe Ste af Rijn 18PUBLIC PRVATE PARTNERSAIP In HYBRID ANMUNTY PROMECTS Part Il The Concession ‘Tne of Grom Roped Ua Paget ane NEBR pe ine iPUBLIC PRVATE PARTNERSHIP IN HYBRID ANNUTT PROMECTS ARTICLE 2, ‘SCOPE OF THE PROJECT 21 Scope ofthe Project ‘he seope of the Project the “Seapefthe Project" sal een andinck, dng the Concession Petod la) construction ef the Project onthe Ste et forth Stade and s speci in ‘Schedle8togther wth provston of Projet Fas as sected inSchedul ‘Candin confnmty wth te Spetistions a stzndars efor Schedule 18) operation an nantenance ofthe Projet in aezordance wth the rovons of ths Apeement and [cl performance and futilnent of ll other ebigatons of the Concsionare in cordance with the provsans of he Agreomant and malts Incidental there ornacessary for the perfomance a any ora ofthe ebigatons ofthe Concessnse under ths Aereemert “Tete of Gas Paps Ua ps [Conason beh NCTE we eing Un 0 Ft Beato Nir Ron 874 Ki ag (pur pen 23585) on Ha An ae NC ee ea es Ra B “18RUC PRIVATE PARTNERSHIP IN HYBRID ANNUITY PRONECTS ARTICLES GRANT OF CONCESSION 31. The Concession S24 subjecttoandinaccerdance with te provson of hie Arent Applicable ows nd ‘optcole Permits te Autry herby pant the Canesonal the corcsionset forthhereh including the enue lt hanes and ethno construct epeat nd rani the Projet the “Concession | during the Constction Period of 720 (Seven andre an Thirty ays apd Opecaton Period of 15 ten yeas commen rom 00, andthe Concsioire heey serps the Cncesinn and agrees fo meant ‘he Boje subject to nde secordace withthe tems andconitons set fonhheen 51.2 subject to and in sccrdence with the provisos ofthis Aareemert, the Concestion ety ernie shal eblipe or ona the case ay be) the Concession (a) fiat of Way, access ané ene to the Ste forthe purpose of and othe extent Confere by the provisos a ths Azoamen (0) france and exnstructthe Projet, {) manag, operate and mata the Projet: {perform and ual ofthe Conesion ‘sth i Agreement |e) tive os othernes experi paved in this Agree, Bear and pay a casts, Capenses ad charges in comneton with o neon to the perfomance of he testons ofthe Concessonie unde ths Agreement ard 1 ether asin, enter oF sublet of create any len or encumbrance on this Ferersent, the Conceson hereby grated or on te whale oF any part of he Prolet nr tran, are or part possession theeo ee and exept 9 xpE55¥ permed by thi Agrement rte Substitution agree 'obgstins under and in aecrdonce “sof GTA Hagel nee [Comaron ve RICE wag ie TNL” Deets NitB sb? Ko vila (pr bypeeng 2558) on Hi Ay ee ee OE ney he eet Ratan 2 Até PUBLIC PRIVATE PARTNERSMIIN HYBRID ANNUITY PROJECTS ARTICLE 4 CONDITIONS PRECEDENT 141. Conditions Precedent 4.33 Sev ana except at eoretay rove Arties 4,5, 6,78, 5,10, 22,2838 and, oF Unk the conte otherlee requres, the respecive Fs and obligations of the Parts unde hs Agreement hall be sujet to the ston in ul ofthe conditions precedent sped inthis Caura 43(he "Canetons Precedent) 442 The Conessonare may, upon proving the Perermance Seer tothe Autry in cordance with Ati, at any ne alr 30 (thirty das Fem the date of this hereement or en an eter day aeceptble tothe Auto, by rote require the ‘thoy to sy alte Constions Precedent et rt inthisCeuse 1.2 within Dio of 120 fre hundred and twenty) days therafte, The Constions Present Feauied te bested bythe Autor sal be deemed have been flied hen {he Authority ha nave: (al procured forthe Concsionie ne Ren of way othe Sten accordance with the proisione of Clases 103.1 nd 1032, (ty procured al Appliabe Perms relating to enaronmensl protection, and Coneenaton In respec lend fering part of the Right of Way under Clause soaaed103.2: (c)__proered forest eearance for adn respect a ering part ofthe Bight of ‘io under Cause 1034 and 10.32, sve and exept permission fr eating wees 2 |) procured aporovl of the General Arrangement Drawings forthe roud over ‘idges/under brides tee crossings on he Poet. Frovied thatthe thoy sal be ented to an adona peri, not exceeding ‘Sofninty days beyond he perio of 150 day tot beng ade for payment of any arapes fr ullmet ofthe Condor Precdent efor nts Cave. 413 The Contos Precedent required to be sese by the Cancesonire within 9 peo 1 380(one hundred and fy day om the dat ofthis Agreement shal be deemed 12 hve beon ase when the Conezsonsite shal have la) provided Perfomance Seuity to the Authority alongwith te Adios! Performance Seeuty Hf requed in tems of Cause 3.1 and Cause 3.7 of hs bareement. forthe evtsnce of doubt & caied and agreed thatthe Concessonare equied to prove the Perlberance Secuiy and the Dadtonl Performance Seeuty request 30 days oF signing of hs (0) exceted and procured xcution of te Escrow Agwement (executed and proce execution ofthe Sbstuton Agreement (#) procured al the Appiable Permits spacfiec in Part! of Schedule “nconstionl orf sujet to contions, hen al such contin Faq te ets tte al eben ee a psa Peano and elect =f Sie cof Gerald Ropar iar yp [Oconee Foes NIT wi Duke R38? ha Kapa lage (par bps 2558) on Hse ey Md Pace Aer NDE ae ye eae ti 2VATE PARTHERSMIP HYBRID ANNUTTY PROSECTS |e) executed the Fianung Agreements sd delivered the Authority 3 ue ones thee, ay atestodby a Ovector of he Coecstonae If) deere othe Autor 3 tee} tue copes of he Financ Pakage andthe Financ Modal, daly tered a Dvecor of the Socesiona, song with 3 [tree sot copie of he Final Model a MS Eel verson ar ny substhte there whieh acceptable tothe Senior Lenders |e) deleted to the Authority fom the Selecta bier, conrmation of the Corrine ofthe representations a warantes st orth in ub-luses (Re () nd of Clase 7 Lote Arcee. “4 Each Posty shall mate at reasonable endesvours t sty the Cndtions Precedent tanh the tne siplated and shall provide the ater 2arty with such reasonable oopertion os may be quedo aes tha Party satfying the Codtons reedon or nhc tat Pry is esponsbe, Sobject only 0 gymert of Damages fyreed otween the Pater tat the obigaten to full exh parte’ Condens Precedent san ndaenant obligato of he respective Pay 4.15. ThePatesshal notify soc ether wrting tent one 2 noth on the progress mae In stsying the CondsanePecedet. Each Party soll-empty nor the oer Party ‘enon any Coton Procedet fr which cesponsible has ben sits 42 Damages fo delay by the authority In the evot that () the Authority does rot procure ftliment of any al ofthe Condon: Pocedet at forth in Cause 41.2 win the perio specie in respect Shel, aa the dele hes not coud ae 2 res of beach ofthis Areeien by the oncesionate or due to Force Majeure, the Athorty shal pay 10 te ConeaonareDomgesin an amount elated a the ats of 02% (ero point two per ent) ofthe Performance Securty for each co's delay ant the fuailment of suet ‘Conditions Precedent, subject othe. maxim mit eto te amount of he ie ‘Sexurty and apo reaching ser lt the Concession may 9 aoe dsceton terminate the agreement Te Damages poy hereunder sil be the sole remedy Nolet the concessionaire for deo byte thoy. Provide further hat nthe evert ofa by the Concessnair in rorng fuinent tr the Condons Prevent specie i Cause 4:3, ro Damages shi Be dut or poyale by he Authority under the Clouse 42 unt the date on wich the Caneesonaie shat ove procured une ofthe Contos Precedent spectied In cause 43 Damages fordelayby the Concesionare nt event that the Concessions dos at proce hlment of nyo othe “Consons Precedent st forth in Gass 413 within the period spect in respect {rea (te delay has et cured a5 3 est of fale to ful the leptons Under nee 12 or oor bench of ti arent by the Autor, of due 9 Fore aur the Concessonte sly tothe Authaty Dar agesin an amount calustes Ie rte of03% [tro pol tes pr crt) ofthe Perfomance Secuty fr ech gays dy unt the fallnent of sth Conditions Precedent, Provide, however, hg. thee Damages te ine Bee emma te F Stan a Gl pas pr bp [Como wen WIT ng TRO |) Fara Kae age tp yparcngh 2788) oe Hone Ap Me NOE ee ya ae ot 13 :mau ofthe Bd Seunty and upon reaching sue te AOR ay ole Gsereton and abject to the provisions of Cause 92, terminate the Agrement, Provided frther that nthe evet of daly bythe Aathoriy i pouring flilment of the conditions Precegent specifies in Cee 42.2, no Damages shall be due or payable bythe Concessionare under ths Case #3 ntl the date an which the Authority Sal hve procure flilmont the Contos Precaden spaced n Cause 41.2. Commencement of Concesion Period ‘The dat on which Financial oe seve and al he Cantons Precedent soci in lowe 4.2 ee sasied ell be the Appointed Date which sal be the date of Commencent ofthe Canceston Peto. Forth avoitanc of dou the aries gree tht te Conesinare may, upon ecerrance ofthe Appomted Oste hereunder, Dy hotice comme the pater there! the Author, an shal hereon be ened {Wconmene contain onthe Project. Deemed Termination upon delay Without prejudice to the provisions of Cautes 42 and 43, an subject the provions of Cause 9.2, the Paros expres are tha i the event he Aponte Dae doesnot Seat, fx any reson whatsoever, before the 1st st) aiversry of te ate of thx faveement oF the extended ptod proved im arcordace wth this Agreerent, Mats preg, lina and eerort ofthe Conessina under or rine oot of ths Aarcement shal be Seemed to have boon waive by, ao to ave ceased with the onerreceo! the Conersansi, andthe Concession feement shall be deed to hn boon terminated hy mua atament of the Prt, Provides, however, tht in the eve the nor-ozrrenee ofthe Appointed Date fo reasons attributable tothe Conenssonae the Performance Sacirty ana the AdticalPsformarce Seay, Sry of the Concessonave shal be encathes and appeprated by the Authority 2s Damages tert sa Ww pas [Come a ITE wn EAT) cata Bevel Wied kn s¥7efova Kis tag (iar yp 23885) a0 th ily a / eee Ace NDE ing Wee tot aay ldVATE PARINERSMP IN HYBRID ANNUTTY PROMECTS ARTICLES OBLIGATIONS OF THE CONCESSIONAIRE 5.4 Obligations ofthe Concessonaice S44 subject to ané onthe tens and condone of hs Agreeman the Concession sl itso cost ané maenee, procure nines fr and underake the desig, engineerin, procurement, consrutien, operation and ratenance of the Poet and observe, Ft, cmp wth and pera ll Re abgston tout ns Agrooment crane 5.12 The Concessonae shall cmply with all Agpeble Ls and Apoicale Peis Cicuding renewals a requced) Inthe performance ot Ks obigstins under ths Dareement. 5.13. sae and except tater proweedio ths Agreement or Apalable Lam, 5 he case ‘parte the Concesienae sal dschareof als obliptions under th Agreement Conform with and adbere to Goo nds roc at all tes S24 the Conessonaie sha, at ie awn coet aed expense n ation to and nt i erogatonf te obletionsebenere set ox inthis Agreement [a) mote, or awe o be made, necessary aplstionsto the relevant Government Insrumematnes with such parca ond deste ae may be requ for ining Rope Pets, ater thn those set forth in Cause 43.2, and ttn ond Kep infor nd effect such Agpcab Permits in conformity th pple aw (0) procure, raquees the approptae proprietary gts, Nene grements Sha persons for material athogs,procsees knowhow and systems used for ncarporatedint the Poet (peor ana flit oliations under the Financing arent ()__ make reasonable ears to mantasnMarmony ax good indus eltons Trent the personnel employed by Wo ts Contos cannectan with the perfomance of blgntons vader ths Agoeret |e) upon wren request fom the Authority, make racnabl lots to fit the seston of land end procung of environmertal an forest cesrances requred for he proses cf the areoreat (0) ensure and procre tat it Contractors comply wh a8 Appice Pers ond ‘Arsiable Laws i the perfomance by thm ofa ofthe Concessions ‘bltions under this Aeemert; (@) _ahvaysact ina nner content withthe provisos of this Agreement and nat use or fa to 6 any ae deed or thing, thet Intensenally ar ater, taheh may in eny manner be voltive of anh of the peonsans-of ‘areement: Ca Ga Rep Una a Com Ts NT a ae TT 5 Ten mane Savana jeri Ee enor nme vn ae det hn 8 oth52 PRIVKTE PARTNERSHIP IN HYBRID ANNUITY PROJECTS (super, cooperate wth ne falta he Author othe ngleantation and ‘operation of te Project in aeorance with the poison of hs Agreement; () traitor the Project to the Authority upon Terman of hs Agreement, in accordance wth the provisions of ts Aleem. Obiigation eating to Project Agreements 5.2.1 isersres agrees thatthe Concession hao al ies be responsible an able forall ts oigatns under tie Agreement notitstanig anything contanee nthe Project Agrenments or any ater agreement, and no defauitundor any Poet parerent or agement sallexcue the Concesinar ton ts obligations rity 5.22 The Concessloaire sai seb the Author the dats fal Project greets, {ny amendments oe replacements thereto, fos fevew an comments, and the Author al have the ght but not eke obgaton to snértake such resew and roe ts cannes any, tthe Conessonare thin 30 (hy ays ofthe recep (oF such daft Win 7 feeven) doy of executon of oy Project Agreement oF Sendrent thereto, the Canceonae sal submit to tho Authority = tue copy ‘horeot duly sisted by 8 Director ofthe Conessonae, for Ie rear. For the Sroldance of doubt tle agreed thatthe review ane cents Rerun shall be ied! to ensuring cmmlanes wth the terns of ths Agreement. tis further agreed ‘tay flare or meson ofthe thority a revew ad > comment hereunder sha tot be fonstued or deemed a screptane ofan such aseest or document bythe Authority. No review andor abroation a he Aatherty and ets fare to eve nd or one te oberatons on ay document sha rele the Concession of ts blestions and lable under th Sererent nan mare or shall the thority be Sable for th samein any manner whatever. 5.25. The Concessions shal not mae ay tion, replacers or amendments to an oF ‘he Financing Agreements thou he ror writen consnt of the Authosy sich Sotion velacerent or amenament has, of may hve, the ell of Imposing or ‘reagan fnancal ablity or bgeon onthe Authory, arin the event hat ary resacement or amendmen made without such consent the CangesSenae sh nt “rfc sh replacement or amendmen ar permit enfscerent tere aga she Bathory. For the avldonce of dt, the Authortysckrowtedges and apres that t Shot net uvessonobl iol is consent or stroke or rescheduling of the dt ‘tthe concessonie ond shal respon fo the equator eonant ne tr tan 0 ays from the ecipt of eh equator the Concession. 524 The Concesionaire shal procure that each af the Project Agreements contains Provo that entitle th Autorty and / of Lenders Representative 10 sep nt sh nreemert, iit ol action in susttution ofthe Cencesinate nthe eve of Termination Superson (he “Covenant Further it cai thet incase both he Zuthorty sod Londen Reposetave decide to sete thir rt 9 stein, the [thority shall have the sole raht te sep nto the Project Apresments, forthe Ioidane of doubt, le expressly agreed that Inthe ern the Autoniy Gog. oohs Str ah sso itn eid tied 2) ‘he Transfer at, the Project Aereements shal be eres to eee 1 bt fn fe i aa ERR TT EES sre hMEE Ri a? a00s Aap ager pene 348) on es eh Ee er age ee NDE pea te sage ot +18sas 53 saa @ » BLA PRIVATE PARTNERSHIP IN HYBRIO ANNUITY FROUECTS tffect onthe Tales Date whut any laity whasceer onthe Authorty ad the Covenant sal expressly provide for such eventuality. The Concession exprsiy ‘reer oinclude the Covenant in al ts Projet Aeementsand undertakes that shal, Invesec ofeach of te jet Aarerierts, posure ane deve othe Asthorty an feknonledgment and undraking, infor aeeeptble tothe Autharty, fom te unter party ea) enc f the Projet Agremants whee under sch counter Baty (ies shal acknowledge and acret the Covenant and undertake tobe bound by the Same and not ose any rele or emedy whatsoever fom the Auhoiy nthe event Notwitsanding anything 10 the contrary contained in ths Agreomont, the Concestoraive agrees and sekrowadge tat esecton 2 replacement ofthe ERC Contotor and an GBM Convector and execaton of te EPC Convact and O&M Contract sal be subet to the prior aporaal of the Authority fom national securty She public interes perspec, the dation ofthe Authosty nts teh being na Conelusveandbding onthe Concession, and undertaes hat shal not ge elect to any sich section or contact without prior approval of the Autor. For the Sidance of Sout, tis expres agreed that approval af ne thoy hereunder shal te med to notional security and ple nee pespectve, 2nd the Autorty shat tnden to convey fs econ theron exestiouy oP no fer than 30 des rom ‘he dete of rec ofthe propos alongwith the at grata by the Author. ‘ie egreed that the Auto shall ot be lable in any manne on account of grant oF there of such aporovel and tht sich approval o deal thors shall notin any tranner absolve the Concestonsite or Contractor am any iy er obiigson Cbiigations relating to Change in Ownership “Te Concesionsre shal nat undertake or pete any Chang in Ours, exces wth thepiorwetenapcoal ofthe Authority. Notwithstanding anything tO the contrary contin 9 ths Agreement, the Concesorie sens and wcknowedes ht: at scqistions of Eat by an aca, ether by himself or with any person acting foncery, dey inde, ncluing by Wanser ofthe det © Inde es or tential oumership canto any Equity agregte of 25% (ety fe per cert) tor roce of the fotalEquty fe concession; oF cauision of any contr directly of indrecty of the Board of Directors of the oncessorair by ay penon either by hme o togethet wth any person or etsons etng in coer wit Ren, sha conte 2 Change In Ownership vequling poe Spproval ofthe Autosty rom national secoty and pute nest perspective, the decsion of the Authority in te Beal being tia, corsive ard bndng on the Concent end urdertakes that fal not ve ef to any such acaustion ot uy or contol of the Board ef Biector of the Concesionaks without such por Soorvsl ofthe Authority Far the avidanes of dost, iis express agreed that Sooroval of the Author hereunder sabe lsd to national scurty ard bic Invert perspective, and he Authority sll endenoe te covey its decison heen fered ao ayreed tat the Auton sal net be Sable i any manner on > aut oft ether ich aoa nt hava or del He SAE Pap ES sin a ga SF ssi urea Kapaa sr pang 2580) 5 her Amat Mo, AWPUBLIC PRIVATE PARTNERSHIP IN HYBRID ANNUTTY PROMECTS “hal not many manner abso the Concession rm an tity or aligation under ths Agreement Forte purposes of ths Cause 532 1) the exprension “acuie, “onto” and “perton acti in concer” hall ave the (Gubwantiat Acquistion of Shares and Talsowr) Regustion, 2031 oF any steutry e-enactnant thal asin force onthe ate of aequstion of Fay, forthe contrat of he Bard af ctr, 35 the case mayb, ete Conssonse [ih the indies transter or control af eal ar Heri! ownership of uty sa meen tansler of the rect o° inet Beneficl ommaship or convol of any mpeny or companies whether Inia a bread which eu Inthe anor cquinng contol oer the shares voting rit of hae ofthe Concassinate oa 1} power t agai, whether by contact or By tue af contol or aqwstion of Sores of any company holding dety oF tough one oF mare companies {weer state ni r seas the uty of he Cncessonar not ss han fal f the svectrt onthe Board of Orecters of te Concession orc any Company, dey or narect whether situate in nd or abroad, having timate entra 25% (twenty five percent ar oreo he Equity f the Concesionire Stoll onstute acquson of conta, sey or inde, ofthe Board of Decors of he cancesonae ‘biigatons eating to omplayment foreign nationals “he Conessionirescknowedges, apes ad undertakes nat employment of foreign Personnel by he Congessonae andlor ts contactrs and ne subeontatos shal be Sbjct to grant of requete roplatory pecnits and approvals ncudng mplymer/resdentl es and work permits Hany rested and the ligation to Spo for and oat tha sae shall and wl tay Be of the Concessionaie and otwietadinganehing tothe convary contained in ths Agreerant, refi of or ray to obtain any such erie and approve by tha Conesionie or any af is overs or sbscortacor shal ot conte Force Meure Evert, a sal nat in Sy mamer cxease the Concessions from the petformance ane discharge of is ‘blentions and ables under ths Ageemert. ‘Obgrtons retain to employment of sine personnel The Concession shal ensure that the personne engaged by tin the performance of i ebbgatons under hs Agenven ar ta times proper ined forthe espectve function ‘Factes for atferently abled and elder persons ‘he Concession sha, conor wt he gules sue fom tine ote by the Nentry of Sac Jortee ana Empowerment oF sbsute there, proce @ bares tre envionment fr the ferent abled and for elderly eres ving ho pad Ur pss [Comeson bvcsn NIT wenn Ka san a2 /2"/ King tog ope a ea87 58 Branding of Project “he rotor anya thereof ll nt be branded in ary manner to averse play br veet the nome or ientty of the Conessionae or Rs sarohldes. The Corcesonsie undertakes tat itshll tn any mnner, ete name ar enty ofthe Project to adverse or eine own Identity, rand eat or business interes, Including rare of te soreeldes, sve ard excopt 25 maybe necessary nthe norma ours of buses Forte avicance of dust, t bapectt the Concsssinare may ‘ply aun name m3 spot where other publ notices ae csayed forthe Uses is turter agreed that the Projet habe own promoted, dipped and adverse by ‘he name of Kahangath-Udapur Amedabed secon oFNIS76 and & sole purpose ofthe Concessionaire Gbserng end peferrig te eblgstions ane abies onder thi Agreement the Corcastonsre or any of is svbsidarar shal nat, exc: with the previous wien Consent ofthe Authority, be or become drelly ee dec engage, concerned or Interest in any business ther than as emsaged bee 5 pr Wats Coon Pewee ACT ang Ka NSE His Kya ge (spar type gh 280 oes Ney Made a a i i a6a PRIVATE PARTNERSHIP IN HYBRID ANNUITY PROJECTS ARTICLES: OBLIGATIONS OF THE AUTHORITY Obiigations ofthe Authority ‘Tne authorty shal tits own cost and expanse undertake, comply wth and pesfr ll solitons set out ths Agreement or asingherunce ‘The Authority agrees to provide support to the Concesionsive and undertakes to ‘observe, comply wth nd perfor subject to andin accordance with the provisos of {his Aereoment and Agpable Laws, teow (a) upon riten request from the Concessonare, and subject to the Conceasonsre comphing with Aplable Laws, prove reasonable support and Bssstance othe Concessonace in procrng Applabe Pris req fom fry Goverment lnrumentaty for snplmertaion and operation of the Project (upon writen rages fom the Conesionae, rouse ressorable assistance to ‘he Concessions In abaining acest all necessary inasrctre Fass and lies, including water and elect at rates and on terms less favor the Conctsonae than those gery svalable to commecal ‘sone receig stantial equine sarees {e)_procre that ao bases ae rete o placed ana about the Project by any “Coverrment numerator prea earing ough or under, except for Fessonsof Emergery, ational seu bw ded; (sees (el Steet to an in aecordnce with appleabe Laws rat to te Conestorare ‘he authoty to regulate wse ofthe Projet (0) Asis the Conessonsie in roctng ples axstunce fer equation of Us, ‘eral of woypaser nd ecuy on Oe PORE |e) Not oor emit tad anya, deed thing when may in any manner voting of any othe proison ths areement {th support, cooperate wi an fautate the Concasenite in the implementation Gnd operation of the Project In sccorgance wth the provisions of this Bereement: 1 von writen raqust rm the Conesionsie andsubect to the rovtons of CChuse 64 provide resonable siitance to ste Concesonare and any fuse personel of tho ConeesionaKe or its Contactors t0 obtain Sppicable ves and work pets for dscharene ther respectveoblitions “der thi Agreement nd the Projet Agreements; 1) undertake rehabitation and resettlement of persens afte by constuction. ofthe Project and beer a costs and expense in esc ther, sve and exe ‘ss others provides inthis Agreement and jo Rogen rr faery say spr poeta 293) 0 Hed AON fase Ne pe Bea Ran 2062 ea PUBLIC PRVATE PARTNERSMN HYSRID ANNU PROMECTS. Ih) subject to the Concesonare comphing with Appeable Laws, prove ‘ther thn appro of he General Approve! Drawings afte fala autres foccontrution of suc rod over biges/under bres Maintenance obligations prior to Appointed Date During the Development Period, the Concessions shall maintain he esting Project iho, auch aman soo ese that head pothole ee eoriton at lst ese that the gusty of sce and safety are mantained ana th event of Sry material doteration or damage ether than narmal weer and teu, the Concessonare shal undertake repateret ts deemedthat the Concesonaiehas crade rovessaryprovsions for ncusion of eos relted to maintenance dung the Development Period ins i, Powe hat in cate Api Dates at actived 3nd ‘he Conceton Agreement i teminated prior fo acheveert of Apoites Date, the ‘oncessorai shall be reebcsed te costo mlnenanc sing Devoe Pod by the Authorty after Sue creation by the Autorzed Represertatve of the [thoy For the purpose a suc reimbursement the lar am pr klometer at of ‘eimborserent for» per fone ear woud bs Wi shall be pad ona pro~ata tos for the peed cancemed. For he aoldanee of oust, he Cocesinae woul ‘eimburso! th cot of sinteace only neve of termina aa te Aaponted Date non it sna the Project as ergo nhs Clase 6.21 ln case of faire of te Concerslonare to undertake maintenance or repair of the Projet, he Autry snl undertake maletenane or reps ofthe Prjet Highway st the cost an expen el te Canessonare ape recover he sad esta deterrnoa by thetndependent Engines rom the Soeur re Prtrance Sur, the case troy by subi by the Conessonave. For the avoidance of doubt, the Concessions sal uirtake reps ony for erring sf operation ofthe Project Hithwoy and in the event of excexve dteroraton er dare caused due to tnoreseon events uth a feed or trent rat the Autor shal undertake spec repacsatits own costand agence During the Oevelopment Pod the Cancesansiesha gate the Projet Highway trom any and ol eccupatons,esrexchments or Encunrinces, and sha ot lace of ‘reate nor permit any Contractor or other person claiming trough or under the Coneevonae to lac or create ay Encambrance Fer interest ove lor ny fart ofthe Projet Hehway or under this Agreement, save and exept as ote trove set forth In te Apeement. Further, te Concsinare shall perform big ia a manner thot two extiglnes ofthe Proje Highway or an aerate thevot are open to raft al ines ding the Derelpment Perid biigations relating t refinancing Upon rest mas by the Ceesioae osha, se Ary nowy ty eedotes sees hn bree te Coveona Seen eof as oe may on oun nd te onan Sit crnarg nr sete apet oben aeesnae Sra ct penang sus atonn pote, howe te sane erat ue sete coat fe aby, aro, shall not be unreasonably withheld. The Authority shall endeavor to comy itsdeiion\ i argon a a ape is Coan em ER TOS ca penige og Spoons yen aPUBLIC PRIVATE PARTNERSIPIN HYBRID ANNUITY PROMECTS —_ on such request of Auten 1 ae Concessions within 30 das of ep ofthe proposal by he a2PRIVATE PARTNERSHIPIN HYBRID ANI FROME ‘ARTICLE [REPRESENTATIONS AND WARRANTIES 11a Representations and warranties of the Concesionaire ‘he oncessorare represent an wacantso th Author that (0) 8 du rept and vay ening under the ws of Ina, and has fll Dower and-outhorty ta exscte and perform As obligations ander hs [eveement and tarry eu the raneacions comerslted heey (0) thas taken al seestary corporate and ote eins unser Apleable Laws to authors the exeutian and deivery oft Agreement and oval exerci ‘ets ne peor is obgatons under his green (0) eset ders an ts Atocites ave the facial sanding ane resources to fund the equiv fy and oraz the dab css or unerking 3 Implementing the Projets seorance wth this Aearent |e) the Agreoment consiutes ts legal allan bing obligation, enoreste fusnst fin accordance wit the terms hero nd is ebigavions une this ‘Npeemen il be eg wa, binding an enforceable obation agit tin secrdance wh the ters here |e) iissoiet tothetans ofits ard hereby oxpresyandirevocay wales ny Invmunty in any jreection in respect of tis Aacment or matters asing erunderncuing ony ableton, abiy or respesiy hereunder, If) Theinfrmatan funshes inthe ld and as updstd ono before the date of this Agreamet le tug 964 acuate inal respects as on the date of th le) theexecton, delivery and perfomance fhe Aarement wl nat confi with, real inthe Breoeh of, catite a defaut under o azleraepectrmance rented by any ofthe terms of fs Memorandum nd Arles of Asocton or {ected Bde or any Aoplabe Laws or any covenant, conrat,agreene rangement uncestdng, dees or ore: to whch party ory which foray att proper rts s bord orale, (ty there are no scons, sus, pracedings, or Inventions pending or. tos lnowledge,hestened age at aw orn ext before ay cur or Before fry other jal quae jlo other athoiy, the outame of which may Feat nthe breach of th Agreement which incidualy rn the aexeeste tray rei in any mati Impairment af aity te pesform any of Hs ‘Sbletione onder this Agreement 0 ithes no owed of any lation or deaut wt cepec to any ode. wt Injnein or doves of ay curt oF Government lstumenaty whch may rest in any matrladveee eet on Hs abil to perform its obigatons tier his Reoerent ad n ater umeanc st which may Bens t™ Sch proceedings that woud avery affect the gerfermance of ts obi under his areement JE, BNA an Coin a Nea eae meinen soon Ane 7 23PRIVRTE PARTNERS INNYBRIDANNUTEPROHECTS teas compa with Appel ans in a materia respects and has nt been subject to any ne, penalties, injunctive felt of any ether cil o rimnal Tate which in the agaresate have or may have a material averse flct on its ait o perf ts obgstion under ths Agyeenens (i) it shal at no tine undertake er germ any Change In Ownership except in accordance withthe provons of Clause 53 and tet the selected Bde, together with Rs Asacts, ld ot less than 5% (yon percent) os esac and pup Eauty as ante eateof hs Aarement, Provided futher tat any sch rues mad under Cus 7118) and or rte 122, a the opton ofthe Authoty, may be required tobe companies by 2 tuted ne objeto ter om Snir Lenders 1) tho soca Ber sly rented and ally esting unde the ws ofthe Fvletion of te icorporton or repbzaton, 2 the case may be, a hss ‘eueste the Autnosty to enter ino this Agent wth th Concsionare Dursuant 1 the Letter of Award, ard has apced to end unconstnaly ccepte the tex condone ot frthin ths great lim) allits gts nd iteretsin the Pj shal pnts toand vetin the Aathortyon the Tanfe Date fon ad lear ofa ens, clams and Erumbranes, without fy further ac or deed on ts pat of tha of the Ahoy, nd tht one ofthe jet Act sl be segue by Sujet to amy greement under which @ Secrty interest or othe en er Eneambeane i tain by any person sae next aenpreay proves this greerent, In) no representation ar waranty by it contained een ora any thor document Tensed by ito the Authoray eto any Govern nstarentlt in rlion to Bopiable Permits conte ot wll conan any unt oF miseacg IMatement of rater fer nt or llamo ste a material fc necessary to make such preventaton or warranty ot miensing: Jo} eosums, netsh or Kn, have been pd wil bo pi byt ron its Beal 0 nv peron byway oes, commision a othr for searing the Concession ‘entering it ths Agreement or frauen ot tempting tne any ‘tier or employes ofthe Azhotyia connection herewith |b} allinermaton provid by the slated ide in soonte to the Request for Propoas or other, tothe best of fs knowede an bal, tue curate in alltel respects ané (al Avundertakings and obligation ofthe Concessions ang from the Reauest for Proposal therwe salle nang on te Concession 3 they fom partef this Agreement 7.2. Representations and warantesof the Authority errata : (a) thas hl power and suber to eee, te and pero aan) Pekar aap at mise oy ‘ie af Geeta Proposed Ua pas Coan Bes NI Tew ing EST Sang pth 8a Ama see 2423 PUBLIC PRVATE PARINERSH! vou ANNUITY PRONECTS| ane that ithe ake ll ston ncesay to exe tis Agreemet, ere ‘eras and perform ts blgatins, unde ths Agreement |b) bas tan a noeesioy actons under Aptible Laws 10 authorize the execution, delivery aa perlormance ots Reer=t, {@) thas he tna standing and eapocy 1 perfom is oblgations une his Aareement: (ed) The Agesmentconstues 2 eel vad and brngeblgationenforcesle gst tin azerdance wth he terms barest, (e) thas no knowledge of any Yolaton or deaut with respect to any order, wit Inpncton or any decree of any cour of any eal indng oder of any Government strametaty which ay esti ay material averse effect on the Author abut to prt ts blgatins une Agreement (t)—Ithaeeomptied wth Applable Laws inal materi eects (@)__Iehsetheveht power and authority to manage andopaat tho Project; and (0) teshall procure good ad vali ight tothe Ste, and as power an authority to [pant aicensenrespet thereto othe Concesonare, Dislonue Inthe event hat any accuense or eumstance comes tothe attention af ether Party that endes ony ffs aoresnid representations cr waranes untue ar sae Sh Party sat imadatly mothe eter Party f the same Such nosfston sal not ave the efecto rmecyng ary cach ofthe eprosecaton or waranty that Nas boon found to be unre or inert rr shal avers aft or waive a HEN. romedy obligation fee Panty under his Areement —————————— Tso Ges Prone Ua Tau Comesan Iter NTE a eng em 18ND a Iiharic MIE RasSe? lst Kaviae (se tpt 230) on oped amy Ne Pree ced NE he Stet Ranaa aaa {PRIVATE PARTNERSHIP IN HYBRID ANNUITY PROUECTS ARTICLES DISCLAIMER Diselaimer ‘the Concessions acknowledges that plo the erection ofthis Agreement, the Concessovaire has, after a compete and eae examin, moée an independent frluton of the Request for Proper, Scape of the Project, Speciation and Sanda Stenting ttre, loa condita, ays ulti of eound subs ne geology, snd alt formation proved by the Abort oF obtained, procured oF wtered otherwise, and has determined tos Stsfcion the accuracy or otherwise ‘heteo ad the nate aden of Fults, ks and hazards as ar Hy to ase ‘or maybe faced by in the course of perfomance of oblation hereunder. The ‘Ruthoity males ro epresetation whatonver, exes ilo thers, egg the acuracy,adeqoay, coreces, relay endfor completeness of any assessment “hurtons statement or information provided by andthe Concession cones ‘hat shal aye ro cam whatecevr api te uthoryn his ear The Concessions aknowledges heey accepts the sof nadequay, mistake oF tor ino retin ay of the mates Set forty n lus B1.1 above and hereby Sconedges and agent thatthe Athorty sal net be fale forthe sme in 7 tana whatsoever fa the Concersonave, the selectea bdr ands ASoCate oF san elaming rough or under ay ofthe. ‘he Pato apie tetany mistake ear no retin ta nyo the mtr set frth Inclause 84 above shal nat at ts Agreement, oredr vidal, In the event tat ether arty becomes are of ay mista reer relating tary of ‘he mater set oth in Clase Bi 2 abo, hat Paty slime notte other Pan, mesg the mistake or eer, provided, hawever, that a foure on par ofthe [utmorty to eve any noi puruort tothe Clause B24 shall not prelude the (aclamer ofthe huthorty contained in Clave B11 ar sal net many manner sito the authony any leased by the Concession ursar to this ARFEETE, capt a otheralse provided in thie Ageeren lei ting tothe Projet shal be towne bythe Coneetonste an the Author shana elble ary manne fr soc fis othe conznquencs there Tes [econ Risen NTS ang CaCO Oren a ae ay ony HH To Se ee 26PUBLIC PRE PARTNERSMI IN HYaRID ANNUTT PRONECTS Part Ill Development and Operations = Fis Comes been NIT at sing tn age Cis buen 2858) 09 He et ae an Tie fae Geol Papel atsa gaa 9a PRIVATE PARTNERSHIP IN HYBRID ANHUITY PROJECTS ARTICLES) PERFORMANCE SECURITY Performance Security “he Concession sal or the pearance of soto heeunde, provide to the authority no late tha SOU) dos fom the cate of ths Agreement, 30 “revocable and uncondona aarante fram 293 or sum equiva to 48.5 {ore Pusces Forty Four core and Fy Five Late on) im the form se forth in Schedule *Prlrmance Seer. Unt such time the Performance Security is jrovied bythe Concesanare pursuant hereto andthe sane comes int elect, the Bit Security shl remain in force and effet, and uso sun rovson ofthe Performance Seurty pursuant beveo, the Asthorty shall lease the Sid Secuny to the Notwithstanding anything t the cantar contre in is Agreement nthe event Perfomance Scary snot provide by the Concession within a period of 20) fas from the dite ofthe Aeeerent, the Authority may ences the Bt Seesiy and propre the proceeds ter! as Oarage, and theeupon al rit, pileges lame and ertlement ofthe ongeisonare vero sing out of tis Agreement Shal be deemed to Rave been waived by, sd 0 have ceed wh the coneurence at the concession, and ths Agreement shal be cere to have been terminates by ratal agreement afte Paes. Appropriation of Performance Security ‘Upon occurence of 4 Concesionare Detaut or faire to meet any Condon Pracadent, the Authority Stal witout prejudice to Ks ober rights an remedies heteander or aw, be ented #9 ene and appropiate fram the Perfrmnce "Seutty the amounts duet fr andi respect of sch Concession Defaut o or felure to mest any Conon Preedent Upen such eeashment and appropriation from the Performance Scury, te Conesionae shal, within 15 (teen) és thereat veplensh, mn cave of pata appropaton, © the oral lve! of the Devormance Sect and ete of appropriation ofthe ante Performance Sectety rove afresh Performance Scury, a he case may be Fang which the Ahoy “hot be ented to terminate ts Aeemern accordance with Ate 3 Provided thet upon approprinion on account of Cancessonaie's Defaut the ‘Conesionaic shall elerish the Peformance Security 2d upon sch repleshment br using of fresh Performance Secu, s the case maybe, the Concesonaire ‘hole ented to an atonal Core Peri 120 (ne hundred ad twenty ey or remedying the Concessonate Dafa, ave ad xcept at roid In Cluse 45 of this Uareement, andthe ever ofthe Cancesenae nt igs default thin soc tte Ped, the Authority sal be ented oenesh and aproprite suc Perfrmance Sccrhy os Darages, ad to terminate this greermentinaordance with tice Release of Performance Secuty “te Prfomence Seeuty shal emia infer and fc ra prod of one yor94 96 ” PRIVATE PARTNERSHIP IN HYBRID ANHUITY PROJECTS id Project Cost provides, however, thatthe Parormanceecuryshal ot be sleaed ‘ne sha be kept sve byte Conessionae the Concessanae in beach of his ‘Areerent. Upon ecuet made bythe Corcesonare fr reease ofthe Performance Sect song with the paiae whch esblck atietion of the roqrments ‘pected in tia Clee 93, the Athy tal elease the Performance Secuty fora Deletes Deletes References to Performance Securty Feerenos to Performance Seay occuring in Us Agree for an in respect of tv ete prior ete avery ofthe Peformance ecu he Concession othe Authorty or espe of any pain aeequeat tothe exci ovelesse thereat, the fase mey be shal be contd sly forthe purposes ef acting the amount of Damages payable by the Concessonae. Deteted Deleted ype Come RO NTT wing Hs TBST sing pmb arent any Ma 29PUBLICPRVATE PARPHERSINP IN HYBRIO ANNUITY PRO.ECTS ARTICLE 10 RIGHT OF WAY 101 Tesite ‘he Ste of the Project stall compre the realestate oxribed in ehede“h and in respect nich te Rig of Wa shal be proves ana parted bythe Authority othe (Concessions Fae under andinaeordance witht Agresrant (the "St Fovthe ovedenc f doubt ite heey skrowleged and goed that eoreces othe ‘Site sha bo consrund a ferences to the eel estate required forthe Projet as set 102 Leense, Access and Right of Way 10.2 The autonty hea rans othe Concesinare acces tthe he for caring out ny ‘res vesigtons nds tests that the Conroe may deem necessary uring the Development Ped, being expressly areeé and rderstod thatthe Author Sol have no lablty w/taticever in respect of survey, iestgatons ard tests cated but or work unertaton bythe Concesonsie ono abou! te te gusuathereto the event of Teinaton af others. 1022 Inconideraton ofthe Project, ths Aarerent an the covenants and warartis onthe fart ofthe Coneesonle heraincortane, te Author m accra ith he terms fn condone set ot herein ery grants tote Concession, commen For the apposed Date leave and ence rahi esac fl te ln (along wh any bts, cons tion er orale ase, if ny, tere] comping the te which isdescited,delnnated and snown n SohachleA erto (fe "Ucensed Premises) on fos shee bai fee of ny Encumbrances, to develop, operate and mantain the si Licensed Premies fogther wh al and sing’ rhs, orb, preg, asrents and appurtenances whsioeer 0 he ots Preis, heselarents for premises or any pre terol belonging #0 or In any way appurtenant thereto OF nope therewith forthe duration of the Coneesion Paved and, for te purposes permite under his Agreement and for no other purpose whatsoever 1023 he tense acest and gt of way grated by ths Agreement tothe Coreesonaie ‘hollaaay be subject texting ight of way andthe Concessions sal peor ts Sagan in manera to exit anes ofthe Proje] ih or an aeatve ‘eteo are apn ta tai a al ne rig the Construction Pera 1026 iis exreisy agreed thatthe Heese granted hereunder hal terminate automat {nfo tout the need for ny acon beaten bythe thot to terminate the beans upon te Termination ofthis Agreement fran reson whatsoever, For the rdance ef vot, te Parts expres agree that nottandng any temporary oF ‘ermanent stctroe rte on the Sto by the Cncessenaire ois sub-ensts the cane vapet ofthe Site shal automseaiy terminate, uthout ary further act of the Portes, «oon Termination a hs Rteeren 10:25 The Cencessonaire hereby revocstty appeins the Author lating direct oT CSUR sane) be tl ayo nee ang te rage, Concession a waster or sutendr ofthe Hemse gated herunde 3 a) We ‘Wr inne of Greenies sed Uilpr bypass [Connection between NATE a cng LNT SOO 301026 1032 1033 ee ; {C PRIVATE PARTNERSHIP IN HYBRID ANNUITY PRONECTS 2 scent pot of which wl be the declan of ay dl authored oer ofthe ‘thority andthe Concessonare conent tt being rte ors purpose. Iv isenresiy aren hat tees nthe St te property of he Authonty excep thatthe Concesonsire shall be ened to ewer usury rights thereon during the Coneanon Pei Procurement ofthe site Pursuant othe notice speed in Clee 41.2, the Autenty Representative ad the Concesionbre sl, ona mutual aproed dt ana tine, spate Site ad prepare & Imemorenaum containing. an inventry of the Ste nung. the vacant and Unencumbered lan buds, tute, road wens, tes and any other mmovsbie property on of attached othe Se, Sach memorandum sal hve appended thre an ovens (he “Append spestying i reasnatie etal those pars ofthe Ste to Uahick vacant sees and Right of Way har not Boen grated to the Concessions. Sgring ofthe memorandum, n 2 wo) counterparts feaehat which sha conse an trina bythe euthoried representatives ofthe Pats stl, sbject othe provisos OF Cause 10.22, be deemed to consttute avoid lcente and Right of Way to the Conemstonave for fee ond uvescted use ard devebpment ofthe cant and Sneneamberes Site during the Conesson Paid under and in accordance wih the rosa el ths Agreement and fr no other prpore whoever, For the avoidance ot (doubts apied that ane Feese ani Right of May wt respect tothe pat ofthe Site ss set fers in the Appendix shall be deemed to have been granted to the Concesonaive upon vacant aces therte being provid by the Authority tthe without prejudice tothe proven of Case 10.1, the Pats hereto gre that on oF pri tothe Appointed Det, the Authortysalhave gated vacant access and let of ‘oy such tha the Append nal nat inca nnn sll any manne preven the Coneesorte frm ungertking conarocin of te Project othe extent of leas 0 fer perce) of he length heteo, and nthe event Francia Close is delayed fm account of ely grant of sch acantsezess and ght of Way, he Autor sha belt to payment of Oomages ley under the provons of Cause 42. For the oldoes of dub the Authority eknowedgo ara agrees thatthe Append shall aot Incase sn land wich may prevent the constuction of any crea element of the Projet wahout which the Cameo Cerise or Provisonal Cries may not be [anted. The Authority farther acknowledges and gts tet prior tothe Apple Date sal ove prose usuance ofthe tutor notion under Appt ams for vesting of ab nd comping the Projet Io the Goverment and as ten possesion ofa at 80% [eit percent a the length thereat, save and excep sy oto land which the Pres mutuny gre o exc Hom sch esting per tothe ‘Boponted Date. Te Parts aa acknowede and agree a the cancion speties n fs cause 103.2 al nat beaded or waived by ether >a (on and ater signing the memorandum refered ton cause 30.31, and antl the STansfer Oe the Cncessonae shal ana aroud-tick vil ver te it nd ‘hat esi and procre that no encroachment hereon tls place, apn the eve of ny eveosehment or occupation onan pat reo, the Cancessonae sal cat Sve eneroechent or eruption frthath tothe Author'y ane undertake at tscost and onpenses a 341034 The Authority shal make Best ffs to provi and gran, no fate than 80 (ney) day rom the Appted Oat, te ign of Way tothe Cncessionare respect of ll ‘ane inden te Append inte even of ely for any reason ote han Fee Majeure or treat of this Agreement by the Concestonsie, i shal pay t0 the Concesonie Domagesnwsur clits athe ote of 2 (pee ne pr do for very 10 (en stun eters or pat tert commencing for the D1 (ety rs) day lth Apeintad Date and ut such ight of Ways procured or 10 fone hues night das ftom the Appoted Date whichever carir. The Damages payable in ‘erm of thi cause shall be the soe femedy alate fo the Concessonaire andthe huthorty shall nt be kl for any consequent as or dag othe Concessions. Inthe event, the Auhory nati fo provide the reraiing Site within 120 (one hundred ond eighty dys rom the Appoirted! Date, the rrainng Ske ofthe Pojest Highway shale remaved frm the ope af the work uncer he provision of change of 10.5 Upon resvng Rit of Wy in respect of any land indued inthe Appent the Conesotonaive shal complete the Constocton Woes freon within # reasonable petod tobe determine bythe Independent Eriner in sordarce wth Geod dsry Practn, provided thot the sve of ProvisonalCertifeae shall rt be affected or {dyed on acount of vacant acess to any pat ofthe Ste not beng granted to the Concessonare or ay construction n such ao the tereaningincomplete onthe flat of Teton account the delay or dena of sch aces weet. For the svidsnce tt eous tis express agreed that Construction Works on al nds fr which ight of ‘ay npanted tin 24 one hundred an erty) dot afte Appnted Date shal Deconpete on or before the Scheduled Comploton Date further aged thatthe Solgaton of the Conesonaire to compete the affected Construction Works shall Subsist so long asthe Atharty contest pay the Damages spect erin ns oon the Authory easing to pay such Camages afer ging 60 (hy) op! noe threo to the Concessions, the oblgation ofthe Conastonae to complete such ‘ork on surh pat ofthe Se shal ease forthwith. also express agreed that “Completion ofthe repetive Construction Werks within the tme determined By the Independant Enginesr hereunder saa be dear toe Project Rlestones forthe purposes fly an recovery of Dages under ans in acordance with he provisos ‘ture 12.32. 102.6 The Authority shall proce the atonal land reqied for construction of works Theol change of Seope Order ised under Arce 26, i accréanc with te provision of tis Areement, and upon procurement threo, such nd stall frm pst bf e Ste Incase of any eddona la regued fr “ol Paras Tel Ait Pots, edi Pats undor poster andover passes or for contrction ol works species in (ange oF Scape Oro sued under Ait 6 i accordnie= with his Agreement nd ‘Spon procurement sich and shal form art ofthe Se; vided aso that he ae to De sented by tho Authority hereunder spoof the Ste shall be deems to be ‘Seaded in the Rope ora ton this Clause 10.3 and deat wth n accordance ‘ith the provslon hee, Far the avoidanes of doubt, is agreed that the minimum resol land to be soued for th Tol Pls sad appeoach ood heen hall conform {othe provisos of Schedule Sand schote-C. Host. ME eS oo Agni) ar Casi Raga Ua [ms ae Tew ag Dour iv Ry eee Ree ae lean peng a nan a aoa Fee ee a 3210.27 Te Paes expressly re thatthe obligation to prove od or 8% fghy pe cent) 105 106 107 Dthe Ste shat mean and pty graven flan tha sallenble he Cancessonae 10 Undertake construction ont les BO gt percent of he lenth of the Project.) site to be fee from Encumbrances Subject tthe provi of Cause 103, the Ste sal be made alse by the futhorsy to the Concsionsce pueuant Rete free tam all EOeumbrancss and ‘eeuatons and without te Concesonnia bang requreto make any geyment othe Ihatherty om account of any eos, companion, expenses and chores fr the ‘cain end se of sue Se forthe durtion the Consssion aro, exept nsar {roterwise expresy proved inthis Ageemert. For he evadance of doubt, + Seed tht ensting sits of way, easement, prviges, eres and appurtenances to ‘he tensed Premises shal not Be deemed fe Encumbrances es further agrees that ‘he Concesionae accepts and undertakes to beb ary ral ks asing Out ofthe Inadequate physical endtonof te Ste, Protection af Site from Encumbrances Ding the Concession Period the Concession shall pre the Ste rom any and ‘cecuations,encteacmentso Encumbrances, apa shalt place or eee nor permit Shy Corroctor er ther eran elsming trough or under he Concessions to lace oF este ny Encumtrance or eeury terest oer lor anya othe ite rhe Project [sets or on any igh the Concesonie theres Funder hs Agere sav and nce a thre xpress forth in ths Agreement Specil/temporary ight of way The Concession sal ear alts and charges or any specalor temporary set of wen equiea by tin connetion wih aces tothe Ste. The Concesionae shal obtaln Sts cost such facies en ox ove tha Ste a maybe required byt forthe pupeses Bi the brject ad the perforce of ts obigeons under Agreement ‘Access to the Authority and Independent Engine “Te tiense, rh of way and ght ta the Ste grated tothe Concestonsienereunder hall sways be subject to the right of acess of the Aumerty an he Independent Engineer ad ther employes and aens for nspetion viewing an erie of te fights and performance of har ailgptors under hs Agreement, Geological and archaeological finds ‘isogessyoredthat mn, esogs or ares its oot frm prt ot {hc tse teste cnesionae der ths areemet he Conese Sey sompes tha sa set hve any ince sor meet he “oer sss antes steer re enna tng ito dor geocye eowlog eresrd hasch es eet and Soper en nr he Ste shal wna etn th ay ote one overme raunenay te Conese sa telecon recut sia weuncr a oy ether paso fom enor or eng) ie seperti the ty othe scone ere eam Shen soh mcs te Aathory or the oernetovee wean) tea a or eer fc rap Fre wats y+) Fa opel be [Ceca oes Nats TRS Nv ne sere esha Me ior ve ao Rash 3310s PUBLICPRIVATE PARTHERSIP IN HYBRID ANNUITY PROSECTS ree tat ay enna expenses incre bythe Consslonae hereunder sale Feimbursed by the Autor. ee ao agree hat the Auton sal procure tet she Ins cts herewder re kau the concerned Goverment nature thin 3 veosonable period 40 ato enable te Conestonave to cominue Construction Land for wayside amenities ‘The adtionl land earmark fr this purpose n Sched. shal be uted by the Canceavonaire for provison of wayside amanes which may nla publ tls, est ens efeer, tas, medal facies and other fasts or amenities for User of ‘Project shay. ‘the Concessions may procure aoa! lad otis own east and expense for Consrction nd operation of seta fits and te Author shall have 0 [blgaton a aby spect hero. Fr the avoldncs of dau the Pats agree thot any land aque by th Coneesonave under ths Cavs sal be retained by ‘ter the Taster Dat and he ator shal nave 0 Ben on such and at any time curng or after the Concession Period. The Fates futher apee tht the CConeniomsive shal seek prior corant of the Authority Yo conaect ny Aiton Facltyto the Peat and such coment shal not be urebsnaby witha ge ig (nS 2889) ob Avy Ms eee gee St Ree 34PROVKTE PARTNERS IN YBRID ANNUITY PROIECTS ARTICLE 12 UTILITIES, ASSOCIATED ROADS AND TREES 11.1 Exiting utes and roads Norwttsanding anything tothe contrary contained hea, the Concesionae shall {haue tat the respec nttesonning the esting one ight f way Fuse On, deer ebove the Sear rabies by to keep suc ites in antinuous satay se, necessry, by prodding stable temporary o” pemanert everson with the uthory of te canting body ofthat 084 ght of Way or utity, and the Authoy Shall upon witen request from the Conesonav, intiae and undertake atthe Concessions’ cst aga procensng for aeguston of zy ri of way nestor for seh ierson 21.2 Shifting f obstructing utlites 1121 The Concesnsive a, subject to Applable Laws and wih assistance of the Authority, undertake hing of any uty including elec: nes, water pipes and telephone cables, oan spproprate latin o agement whi or outside the Ste find only Hf such lity causes or stall cause e mata adverse effet on the tonstution operon o msintarnceof the Project. The cos of such siting hall be bee by the Asthoiy oy the entity owing such ui, the Authoty so ects, tin te event of any lyn sng haoo, the Concesonara shall be excised for faut perform any ft bigatone hereunder # uch ale sa rec consaance dl on te par ofthe entity owing si electri ies, water peso telephone fables 9 the aso maybe. 11.3 New utiles and roads “Te Conesionat shal allow, subj to sch condone the Auhory my pei ‘csi oan se of the Sefer ly tlephone ines, water pps, ele eales oF ter pues, Were sich access or ure eae, any fazcal oss tothe Concetonse, i may require the user of the Ste o poy compensation o amass 08 pe Apis avs forthe voce of eon, afd that use ofthe te under {hs Cause 223 shot not in any manner reve the Conasionae of ts elation to ‘mara the let nszodance withthe Azecrent anc any damage casey sch Cheah be restored forth 11k Feting of trees ‘he Authority shall ist the Concession So obtning the Aopleable Permits for {eling of woes ob etd bythe Auta for this pupose and ony such ees Cue # marl adver affect on the constuction, operon or mantenance ofthe Protect ign. The cost of uch Sling tall be Bore by the Ruhorty, an in the Cuenta any delay in fling tare for ressors beyond the control of the Concessions, shal be excused fr ale to perforr ar ofitsobfgnton: hereunder ifaueh frea Getconsequance of dlayin te fling ees. Forte avicace ot ‘doubt the Pores hereto agree that he fled oes hall be demea to be owned yh fost and tall eopse nh manner at ect 2 cong BN ‘hort may nis sole escetlon Geom appropriate ky ‘See of pad ne Us te Come vem Te wang ea psa ihr eh Gorsesg a Kae age par pec 259) 0 Hy Ana wee Pecos aid SIDR eae he Sige a Ras % 352, PUBLIC PRVATE PARTNERS aaip ANNUITY PRONECTS| ARTICLE 12 ‘CONSTRUCTION OF THE PROJECT Obligations pir to commencement of construction inaction tos obligation of maining the Moje Mghvay ding the Development Pert part commencement fComraction Works, te Concesionar skal (a) submit 0 the Authority ané the lodependent Ergneer ts detaed desi, Construction methodsogy,qualtyszurance posers, and he procurement, neneering and cnsrstion te scare fr avplcton of the Po} ‘sccrdance wt he Projet Completion Schedule ss fthin Schedule 12) Appoint its representative dly authori to dea! wt the Authority respect ‘ol llmaters under or arsing outa lating to ths Agreement, |e) undetke, do an psf al sch cs, dees ane things 2 may bo nseesary fof reqived before cmenencrent of eanstraten unéer ad In accordance Wh th Agreement, Aplsbs Laws a Apia Peis an [6] Make ne own arangemens or quarying ad procurement of materia needes forthe Projet under and in aiordance with Applesble Laws and Applicable 122 Drawings @ w a @ Wins of rasp ie pas tn tespect ofthe Consens elgton relating othe Oring ofthe eject as setlorh in Stele ne liowing shal op The Concesslonate sal prepare and cubmit, eth restenatlapromptnes and in ‘ach sequence 3: fr content woh the Projet Completion Schedule, 3 (he) ‘opie each ofl Oraning tothe ndepandent Engen fer reve. fy subeiting the Orowings fr review to the ndependent Engineer, the Concessions sul be domed to have represented that has determined an ‘eid thatthe dasgn and ergnerng, incur the il constuction criteria ‘elted thereto, ar i cnforty with he Scop ote Projet, Spectcations and ‘Standards, pai Law ana God Industry race iin 35 (tea) day ofthe recip of the Drawings, the Independent Enver Shot vevew the some and convey is obeertons tothe Concession with Darcalrelerence to ther contort ar others wth the Scape ofthe Pree. nd the Spectestons and Standard, Te Coneesocave sal got be oblged to “unit the obsenatons ofthe independent Enger on the Dawns sited ‘octane beyand hea 15 ie) das pei and may Begin or cote ‘Construction Wore ie oy section ands inthe aforesaid chseration othe indevendent Eng neat that the rings sre ot in conformity wth the Scope ofthe Peat & the Speen’ ile) Standard, uch Growing ll be else by the Concsonae and esibmiteg io,» aaaon Wawcen NIT a sg Lt SOD St kaa ane tpn 2] oa A ior ee a) 36te o e a maa 1232 at TERS IN HYBRIO ANNUITY PROMECTS the Independent Enginser {or review, The indepentent Exgiser shall ve its ‘oberations, any, within (seve) ds recap of herevsedOrwns. No review and/or everation ofthe independent Eainer nar fare to fevew oedlor comey fe cbuerations on any Orawinge shal reve the Concesonsie of gations and babliver unr ths Rpeement in any mene? hot shal te Indopeneat Engineer athe Authorty ee abi forthe seme im any Without jude to he forgoing proviso this Cust 122, the Corcesonie hol sabi to the Autry for review 20d cont its Drawings eat to Bignmert ofthe Project finshed roe level and gene arrangement drawings of Traore, yvers nd grace sepaats, and he Astonty sal ave the rt thot the obligation to undertake such evi and rove Is comments, 2, tn 30 (ity dae of re eet af such Orang. The provisions of th Cave 122 shall apy tate mtenl to he ewan comments hereunder thin (rine dys C00, he Concssonsie shal furnish othe Authrty and the ndoponden Engineer a compte st of ul rewngs in 2(twol had cones, {nd ins tale sgl orator in sued othe maton or manne as may be “kept tothe huthorty,refectng the Project a scaly degned,engreered nd comet, ncuing ona bulk survey Hlratng the lay ofthe Project, nd stock ne ays of he Bunge and strcaes forming part of Pree, Fite, ‘construction ofthe Project ‘ono afte he Appointed Ost, the Conceslonite shal undertake construction ofthe Project os spected ia Schedule and Schedule 210 in conformity with the Speccatons and standards se forth in Sehedule-. The 730th (Sven hundred ane {hth oy tom the Appointed Date sale te sched Sate for cmplton ofthe Projet {the “Scheduled Completion Date") and the Conessionare agrees ans Understes thot the Projet shal be conpstd on ar bere the Schedule Comet ‘tee Concssinaire shall construt the Projet in acordance with the Pree Completion sdiedse se forth n Scheel the event thatthe Concessions als {o sieve any Piet Milestone within a pariod of 90 [rnety) day fom the date set forth for such Projet Mesto In Sete, ules sch failure has occurred de to Fee Molure o for esoneatbtabie wo the Autor it sal pay Damages toe ‘Aue ina sum ested thera of 0.1% (260 pon one pe cent ofthe amount Ct Brforance Scutty or delay ofeach ay unt such Poet Mlestne i aeieved froviged that any ora Pret Milestones or the Schule Compation Date are Extended in accordance with the proses of this Azresmart, the dats et oth in Schedule c shall be deemed to be madied acrordrgh and the provsons of ths ‘Aareement shall ppy 2 Sthedle-G has beon amended es above; provide futher ‘at inthe event COD Is achieved ono before the Seedle Corpetion Date, the Domages pod under this Chuse 12.32 shall be rund by the cae a sgfed tat recovery of Drage ude th Cae 12.20 be thot Concessonae, but without any Interest thereon. For the avedance of di rap Serres Teneo TE aig a ingens oyse ing 288) ood a Mae Pg eR Ra a7 yyPRIVATE PARTNERSHIP IN HYBRID ANNUITY PROJECT te rid ofthe Rutorny ner this Agreement, inug the Ait of Termination ‘heres 1233 tn dhe event hat the Projects nt completed and COO doesnot accu within 20 (t40 undted and seventy] days from the Sehed.ed Competior Ose, unless the day is on econo easaneatbuade tthe Autry ord to force Majeure the Autor Shall entitled to erminate ts Rteemen 4224 Maintenance during Construction Period 12.42 Duing the Construction Petod, te Concessonace shal mara, ats cot the fasting Projet Highway to ensue tat the ood SK postole fee contin i imantained and sok wndertake the necestary rpat ad aitenance works for this purpose, povided thatthe Concessonaie may, at est nerugt ana ver the Users another persans if ech nterruption aed erin s necessary for heeft progtss of Construction Wore and eonfoms 16 Go0d Industry Practice; sowie Fortier thot such eration a dvrson stl be undertaken by the Concesonaee ty wth the pio ten soproval fhe Independent Engineer which aren shal Tot be ueeasonaly wield. ox te avodance of Sout, i agoed tht the Concesionae sl at 38 tines Ue respondle for ensuig safe operation of the Projet 12.42 In the event of deat by the Concesonae in dichargy the obligations seed Chase 1244, the Autory may ly and feever Camas equa © 02% (ero pint two pe cont fhe Performance Secu fr ec day of fut hereunder. 1243 The Portes epresaly agree that pursuant to the provisions of Cbuse 124, the Concesonsie shal abot? fen} des gir to the date ofthis Agrernot an wth por nates tothe Aithory an alongth th Authority Representative, undertake Viovo recording ofthe eondtion and status of te Projet which recording shall be Compiled ino 23 [treerhour tal deo cor any stitute tere, and sal provide 3 tive copies of ch recording othe Autry within 2 two) days ofthe tate ofthis Agreement, The Ahoy may, ns scretion, undertake another vise Tecording nthe presence ofthe Concessions epresetabe, within 7 (eve) ays tf the date ofthis pemant, ana soit ts io receding forthe eo recor Linderaken bythe Concessonae, The Pars free ape that such vdeo recor Shal constitute evince ofthe tts and conection of te Project 2 on he dete of such ecg 125. Deleted ° ar nen aera a 38a we wa ‘Sao Gea aps trp [Comin ah NIT So PRIVKTE PARTNERS INMYBRIDANNUTY PRONECTS ARTICLE 13, MONITORING OF CONSTRUCTION Monthly progres reports Dusag the Constrcton Pero, the Concession shal no ster than 7 seven) avs ser the cose ofeach mnt, fa ta the Author andthe Indepandot Engineer ‘north report on pyle and rani progres ofthe Gnsretion Work a hal Promptly eve such other rleva formation a maybe quite byte ndepenent noes Inspection During the Consrction Pig the Infpandent Erne shal insect the Projet at Teast nce 9 month and mate a report oF sue aspcten fhe "Inspection por”) ‘ting in reasonable det the defects or defers, ny, wth particle reference to the Plojec Completion Schedule, Scope of the Proec and Speliations and Standards t shal send © copy ofthe Ingen Repor to the Authority and the Concessonare within? (even doy of sh inspection 2 upon rewat Hero, the Concessorare shall recy ond remedy the sees o dosences, any, tated ne Trapecton Report. Such inspection or aubmision of specion Report by the Inaependent tree shall at aleve or soe tho Concssonie of is oblgtons ‘a tabiltes hereunder any manner whatsoever. Tests For determining thet the Construction Works conform to the Spceatiens and ‘Standard the Independent Engineer shall requ the Cenessonae to ey out oF those to be eared au tits a seh tine and quency din such manser as may be ‘pected bythe Independent Engine! fem time to tine, in acordace with Good Industry Pact fr quay aesrace. Th se of sample for such tess shal, to the fewer posible, not enced 10% (ten per at ofthe qunty and/or namber of ets nore by Good Industry Pecee for the construction werks undrtacan by the ‘Ranory trough ther ovratrs. The Conceonaze sa wrth cue Sige, cary tutor cate to be cated out al the test In somrdance wih the instructions ofthe vaependent Enginer and urish the eu therea! th Independent Engineer. Che a ofthe costs incared on such tts, ond othe eet certs bythe Independent hyincer st remsorable, shell be rinbursd bythe Autry tothe Concessions ronda weer that he independent Erlnger may, stead of carying out the tes ‘ectid horesndet at ts option dct wes, or paricpt in any of He tess ‘neraten wy the Concesonae fr Re own quay esiance in accordance with Good indy Prati, andi such an event, he Concessrai shal cooperate wth Sod provid the necessary sate to, te dependent Engines or dha flnctone bereunder Forte evodence of doubt, the cos e Incurred on any est (eles undreaken for deteriing the retestion of any defect cr deficiency im tn the event that reso any tse condcted under hs Clase 22. any Gates or deicerces nthe Consrton Wonks, te Concession sh cei. oA lef eae ya 39PRIVATE PARTNERSHIP IN HYBRID ANNUITY PROJECTS Independent Engines still equ the Conceslonaie t cany out or cause to Be Cored out tests t0 determine that sich remedial measures have broveht the Consrection Works into conptncs with the Speco and Standres, and the procedre sot orth thi use 129 sabe repeated ut such Canstution Works Conform tothe Specfenione and tanars. For the avlance of oub, ts grea thor tests puresnt te the Chust 133 hall be undertaken ination {0 2nd independent of th tse tht shall be cared out by the Coneessinare fort own ‘qussyosurance hacoréance with God industry Pacis slo agreed that 3 oPY tthe ruts of sch ets shal be sent by the Corcesionare tothe Independent Eneinesferthth 134 Delays during constuction without peutice to the provisions of chase 223.2, i he Concessions does not Iehieve ony of ihe Projet WlleRones oc the independent Engineer shal hve teasonabiy determin thatthe ae of sores of Const.cton Works such tat the Project ot ily o be compte by the Scecee Conpeton Dae, sha ny the Coneessonare to this ee, anesthe Conesionar sl within 15 (hee) days of 5h pte, by a eammuiation forthe independent nner in cesonabe deta Shout the sop propose to fke fo expedite popes andthe prod wit whch ‘pallacieve COD. 1355 Suspension of unsafe Construction Works 1254 Upon recommendation ofthe Independent Enger to thisellet, te thoy may by rote reque the Concession ta spend forthuith the whole or any pat ofthe Consteton Wars f nthe resonable opren ofthe Authority, Sieh work teatens the safety ofthe Users and pedestrians. Provided, haweve, that in case of an temereeey the Authory may sb eto sve he ntice erred To hrenabove. 1352 The Concession shat, pursuant to the notice under Ceuse 135.4, susrend the Consreton Works or any prt tao! for seh ine and in such manner es may be Spotted ty the Authority and thereupon cary out romeal measures to sear the “roo suspended works nd the Ur, The Caneessonare may by nce require the Independent Erpncer to nsec uch remedial measures ‘thth and mate» rept to the Authotty reorenendng whether or not the supesin hereunéar may be Tevoted. Upon recohing the recommendations ofthe Independent Engnee, he ‘ator Salleh reveke such suspension a struct hy Conssionare to cry ot fhch eter and further remedial measures 33 may be eecessary in the remonsbe pinion of the Author, andthe procedure set forth this Case 135 shal be Fepeated ul te svparionNeeunde evokes 1253 Subject tothe provons of clause 287, al reasonable cats ncred for aintang Sd protecting the Contin Works part tere! dung te pred a suspension {the *Preveration Coss) sal be ome by the Coeessorale; proved that Ifthe Ssaparon has ected 2s 3 res any Geach of hs Agreement y the Authority, the resent Costs shale Bore the thoy Concestona, the IndapenderEgee hal deere ny eterno ‘Stonte Prat Completion See o whch the Concessions is sly, twit ae sat nthe atdory azn whe euponthe ory se Seta a Gi Roped Oar pa [Coin Bors NT ee TS Seat Ns i Kaye lager pag 23889) ba Hye Analy Me Pranwe 2 ee ka at Raat Ey 40 1354 If suspension of Construction Works is for reasons not striutale A:ahePUBLIC PRIVATE PARTNERS sc Projet Completion Schau asin acordancewththe acommandaions ofthe Independent Engineer. 13.6 Video recording During the Construction Pero, the Concession shal pode tothe Arty for ‘very calendar quarter, 9 doo reer, which wl became into 3 (he) hour Siptal deo dhe_or any sibrtute tare, covering he status and propess of Canerction Wor in hat quarter The st such io rearing sal be provided to ‘he Autonty within 7 (oven) doy of he Appt Osta there, ltr than 15 toon) days ser te lee of ech que. Sach video recording sal be cared cut alonith he euhoraedeprventative af the Ahoy. Notwithstanding anything to the contrary contained In ths doetment, the Concessoraire shal aso develop 3 Droect specie wezate which stall be aces tothe pubic and upload the time Stomp pictures ofthe development of rojet Highway och Weck, ‘Tae 0 Gene Roped ir tps ei NIT wag Bh i eva wg my 8a 2ARTICLE 14 ‘COMPLETION CERTIFICATE aaa Tests SALA No later man 30 (het) days pror 1 the ely comletion of the Projet the Concesionae sl nti the Independant Engineer of iter to subject the Projet to Tene The date ad eve of each of he Tests sal bo detrmied bythe Independent Enger in constaton wth te Concessions, and rating tothe author who may niga te epresetative to witness he Tests. The Conesonaie shall provide such Srestance asthe Independent Enpnser ay restonaby rege for conducting the Tests nthe event of the Concesoraite ard the invendent Engineer fling to rmutoby agree on the dates fr conducting tho Tests the Concessonaie shal the fates by nt less tan 10 (ten) day roti to the Independent Engine, an in te trent the Independent Enger delay he Tests herunes, the Autry stall pose fremplay pelies 00 the Independent Engincer and shall ensue that Tests are ompletedin time ether by th Independent Engines or ary subsite hee 14.2.2 A Tess shale conducted in accordance with Schedule atthe cost and engens ofthe Concesanaire Telndependent Engineer nal ober, ontor ad eve the results Othe Tess to determine emplante ofthe Projet wih Specieatons ane Standards Shai easonabiyantipatedr determine he ndependent Engineer during te Course of any Tes that the performance ofthe Pojct any part thereof doesnot Ince the Speciation and Sondre, shal have the rh 10 suspend or day sch Tet ond cequre the Cancersonar to remedy and rect the defects or defenses. ‘Upon completion of each Text, the Independent Engneer shall provide to the Coneessonsre an the Author spies a al Tost aata nung dotaied Test rests, For the aoiance of dou, sexes agreed thatthe indepenentErneer may ‘enue the Concessorie to carry ut oF cause to be eared out adonal Tests in Seerdane with Gad nduy Prize, fr determining the cmplnce of he Project ‘at Speciation ana Stands, 38.2 Completion cortifeate pon completion of Cansrction Wars ad the Independent Erne determing the ‘Tens abe succesful shall forth nue to the Concesionaie an the Autor & Conteate substantially in the form set forth seveeues (he “Completion ene 143 Provisional Certificate 14.3. objet tothe provsonsf Cause 14.32 the Independent ngncer may athe request tf the Concession, ave # rovlonl ceria of conpetion sustain the foumet oth in sheds (he "rovional Cerin” ho Tests are sce ans the Proje con be safely and relly paced in eommerdal operation tough cto Stocks o thing forming pat thereal ae attain an tye comet n such ‘ot the Provsana Carta shal hve appended ther st of utstancing Hens ‘Spd jin bythe ndopendentEieer andthe Concssonare [the "Punch List"; provided that he ndependent Engines el not withhold ne Proust or fessor of any werk remaining incomplete ifthe delay in cipleionzPirec is ee SEL aA oe ya oan Package NDE phe eee ire 3maa 4 waar 145 Beier NEP Rin 87400 Kin St rtibutable to the Author; provided ter tht the Pare st shal ako ice the ast compiaion foreach othe oustanding ens ‘the Pies hereto sarsly agree that 2 Provbinal Ceriate under this Case 18.3 ‘rat upon guest ofthe Coneronae to ths ele, be see or operating par of ‘he Project Hf the Concssonaire hs ompeted constution of 100% (Mande er Cert) of the Site rade avalable o the Corcasionale up to 346 days trom the ‘pointed Date Upon eueof sch Proviso! Catiate the provsions of Anil 35 Sal spl to such completes pat, andthe rigs and lgations ofthe Conesionare for end espect of such completed pa ofthe Projet shal be conse crore completion of Punch ist toms ‘tes inthe Punch Us shal be completed bythe Conesinsre thn 90 fie (ays ofthe dete ose of the Provan eteat and fr any dela thereafter, other than for reasons soley atrbuable tothe Avthorty of due to Fore Majese, the ‘thoy hal beet to recover Drage tom th Coxessanare te caevited Bd pad for ech dy of deny ant al ems are compete, atte ower of 0) 03% into point one pe ent) f the Performance Seu, af) 02% reo pot wo Per ent ofthe cost of caleting seh Resa estinstd by the Independent Eriner Subject to payment of such Damages, the Concessonair hall be ened to a further pv net exceeding 129 (one honed an twenty) éaytor compton ofthe Puch Tit tems For the avideace of doubt, ogres tat comet of ay em is flayed for reson sole atebutabie to te RuTonty oe to Force Majeure, the Completion dite tereot shas be determined by the independent Engineer in tceordonce wit Good Industry Pract, ard such completion date sal ba deemed to tic he dae of sue ofthe Provisanal Cates for he purposes of Damages, an. pablo such tem under te ze 16. Upon completion of all Punch Uist Rams, the Independent Engineer shal sue the Completion Certcate, Fale of the Conertona to complete al the Punch Ust ems within the times fort in Cause 1443 for any reason, other tan condtions orstuting Fore Majeure or fr reatne solely steibaable t the Author, sal ntl the Authriy to terminate ti Ageement. ‘withholding of Prowslonal or Completion Certfeate IF the inependont Engine daterines thatthe Preto amy part thereof does nt {Conform to the provisos othe Reement ar cant be safely and eaby saced ia “emer operon shal forth rake a report inthis behalf and send capes ‘threo tote Authoy andthe Concessions. Upon rect of such repr Kor the Independent Enpner and alter contigs mn inspacton ifthe Autry ofthe pon thatthe Projects ot and sae or comers srvie, shall thin 7 [foven| days fren the aforesad eer, ny the Cancessonae ofthe detects thd deteeneis athe Projet ard erate Ineependent gee to witild svn ‘tthe Provsiona! Cricae or amaeton Crane, a: hase maybe Upon ect fsck nati, th Conceslosire shal remedy ad ety such detects or defences tn hep es hb nahn er he A procedure sabe epeated 2s ncesay url te defects er ecencesaretectiad Notwithstanding anything tothe contrary contined in Case 1451, the ant@ehnap |) i anytime afer resvg 8 epot rom the Independent Eine under hat Gans, 5 ‘reed Prod Uap bypass [Coonson tne NILTG a xing Ko RESTS = esc age 43PUBLIC PRIVATE PARTHERSIPIN HYBRID ANNUITY PROMECTS, iret the independent ngnsert ure a rool Crtcte under Cause 143, {Meh section shal be comple ott. 186 Roscheduling of Tests if the independent Enginser certs tote Author athe Coneesonae tht is noble to sue the Completa Cette or Provisonal Creat, athe ase mey be, cust of events or cneumstanaes on acount of whieh Tess cold not be el oF ot be suspended the Concessions sal be etReg-o reached the Tests 2nd sold the same a 2000 reneonatiy practicable, ‘Fae 0 Cisne Pope pris [arson PwoPUBLIC PRVATE PARTNERSHIP HYBRIO ANNUITY PROLECTS ARTICLES ENTRY INTO COMMERCIAL SERVICE 15:1 Commercial Operation Date (COD) 15.11 The Project shill be sasined to be complet when the Congleton Cerieate or he Provisonal Cerise asthe cate ay be, stave under the prowsons of Arte 38, nd oecoringlthe commercial apeaion dt of te Frojatsalbethe date on which Sich Completion Create r the Prowsinal Cerise issued (the *CO0") The Project shal enor into commecl sree an COO wherepon the Concessonae shall beenttied to demand and elles Annuity Payments in acoréance with he provisions sts Agreement| 15:2 Damages fordelay Sect tthe prvtions of nue 123, 1 COD des not ecu pri to the St nnety first dy ater th Scheduled Compleson Ose, nes th ay on account of reasons tual to the Authority or due to Force Majeure, te Concessanaie sl poy Damages to the Astor na sum ealeulted 2 the rat of 0.2% (er port wo Be Cent the eour of Prtrmance Seu for ay of exh day ut COD achieves. {Upon fre ofthe Cantessonare to pay the sald Damages, the same shal be paid long wth ineet of San Rate pus 9 and shall be deuce from the 1 fre) ‘Annuity Paynent Incase the Darages apd the tres ero are more than the 2” ‘Annuity payment then she bance Damages slong wih intrest there shal be cnet rom any frthararaunt dua ana poate ote Concessonie exluing ‘Obnt Points burlington to be as on edu Baloceof the Completion Cost remehsng to be aislng wth te 3" Arr or For Further Annuty payment “Sa af Ginn Rapala yp [Commi wash TS a ig AS Ds AS Sets tga ren He AY 6 } 45ARTICLE 16 (CHANGE OF SCOPE 261 changeot cone 2611 The Authorty may, notwithstanding anthrg t© the contrary contaned in thie hareement, regia the provsnn of ational works and Servis which are not Inclodd nthe Scape ofthe Pojct contorted by he Aereerent the “Change of Scope Any sich Chang of Scope shal be mace in ecotarce wth the powsions of the Arle 16 andthe costs thereat shall be expended by tha Concessionare and ‘eibursed tot by he Authonyn accordance wth Catse163. 16:2 the Concessions dteines at any tne tht charge of ope fe necessary for providing ser an proves senes to the Users ha by notes in wring cequire {he autonty ta conser such chong o Scope. The Aut ha within 15 cen) Gays of recip of such noi, ether aeept sen Change Scope wth modifatons, Srv ond inate procesinge therefor in aezordance with his Article 26 or nor the concessionaire in wing of te reasons for not sezepting 52% Change of Scape, which ‘decsion ofthe Authoety sal be nal and ning 16:13 Any works or serices whch ar provided under and a acordance with this rte 16 ‘hl for zat the Proje and he prvsles of ths Aareement shal poi mits snurandi toch wore or sees. 162 Procedure for change ot eope 1621 in the event of the Authoty determining that 2 Garg of Scope is necessary, tal ‘sue to the Concessions a noice sectyng in reasovele deta the works and ‘ericescontemplted thereunder (the Change of cope Ne" 1622 Upon recsit of» Chane of Scope Hats, the Conesionsi shal with due gene, Prove to the Authority sich infomation 2 Is reessan, together with prefmirary Doumentaton a susor (a) te ray Hf any, which the Change of Scape is he to have on the Projet Completion Schedue tha works or senices oe roqured to be carved out fringe Coneraeon Feri ne (0) the options fr implementing the propased Chong of Scope and te fet, Sry ech such option would haven te cote and te there, ning oti breakdown by work csiiatonsspecihing the material zd above on clelted naccorcanc wth the ehedle ofrtes ppl othe werks Ghicvod by the. Authority to Re contacor, long wth the proposed Sremium/sscount on sich rates; provided tht the cost icured by the Concesionar in provi sich informaten shall be reimbursed by the ‘thoy fo the enfet sich cot cere by Ce Independent Enger a5 resonate, 1628 Upon recept of Inermsion set forth in Clause 162.2; if the Authority decor to rowed with the Change of Scop, shat convey Is orsteredplgeytathe Coneesionaire, and the Pates shall with atone ofthe Independent ap ‘ereupen rake good fakheffrs to agree up the te and cost fn — fn ee Gnd apne Ur as [Comets Tae NET ar ea 1°30 Dao Met ov a¥Pea a Kay ae (Ua typ 2558) cn HS ey Ma Paget onan NRDP a he Sa a Ra o 46VATE PARTNERSMD IN HYBRID ANNU PROJECTS ‘hereof. Upon rating an agement the Asthorty hall sue an order (the "Change of ‘Scope Orde) requiring the Concessonare proces wt he performance hee. In ‘ne event that the ares re unable to agree, he Author ayy suing 2 Change of ‘Stope Ode, reqle the Concesansie to growed wn the pecormance theeot feingreoltion ofthe Depts, or cary out the werk In aecoreance with Case 1624 The provisons ofthe Agreement, instar as tay rate to Construction Works and Tests, shel apply mutatis mutande to the works Underaken by the Coeessonaire der his ice 6 463 Payment for Change of Scope ‘thin 7 leven) sap fesing 3 Change of Scope Over the Authority shal ake an ven payment othe Concsosie 9 um equ to 20% (twenty per cet of te fost of chong of Scope as apeed hereunder, and Inthe event of 2 Dispute, 20% {twenty por cnt ofthe cost uted byte Indeendent tener. Te Cocestonare thal afer commencement of wor, present tthe Achorty bis for gsyment in reset of the works progres or completes wort, 5 the case may be, sported by {oot Documentation ati reasonably silent forthe Authority to detemine the curacy thereof. Win 20 (hry) days af recap of sich Bi the Authory sol fisbuse {0 the Concesonsire sch amis 25 are ceed by the Indepengent Eruncer os reasoneble and after raking & poparonate duction forthe advonce pmyment mace hereunder and inthe event of any Dszul, al austen thereto Shalloe made under and in accordance wth the Osute Resolution raced, 164 Restitlonsoncortain works 16441 Notwithstanding anything tote corre entined in his Al 6, but subject tothe Srovisons of Cause 1642, the huthorty shal not ceqre the Concessonse t0| “dere any works or serie f such works o sees ely to delay competion te Poet bythe Sehedlad Completion Date: prow that nthe event that the ‘huthory consi’ sch work or sees tobe estnth may sue 2 Change of ‘Scope Ovée suet tote conn thatthe works fermiag part of or affected by such ‘Change of Sage Ode hal note reckoned fer purposes of determining competion of the cet ad lng the Ponsona Cerf 1642 Notwithstanding anything to the contay contanes ia this Arle 36, the Concessions shal be entitled to mlty any Geng of Scope Orr I causes the umulate costs reiting tall te Change Scope Orders exceed 10% (ten per cet ft the 8 Project Cost any eonsnuois pared of} (thre) years fmmedtely preeedng the date of such Change of Spe Order or sich cumulative costs exes 5m twenty five percent ofthe Be Project Cost ot amy te during he Coeesion 165 Power ofthe Authority toundertake works 165. Notwithstanding anthing to the contrary contin in Caves 162.1 an 263, the Dethorty mate ater ging nctice to te Cencesonale and considering t JB there word ony mors or services, contempates une’ Clouse 16:4 tb hy pgs tn the bos of open compute bilo; provided tht te Concessioaite ‘onto machg bed ef ston i ‘Sea Ge pe rp Coin ves NI eT Sarnia adap oe popes tt ue Ha "1yment of 2% (two percent ofthe bd amount to ths Author, and thereupon curing the award of auch works or enies Forte avadence of oubt 1 aere08 that the Concesdorae shall eres to sterebe ach option nly if 1 has artis inthe bide proces nd its bi docs not eed theft rare Bi by ‘ore than 20% [en por cot} tarot. ie ako sgroed tat the Conciente sal provide acess asistance and cooperation tthe person who underikes the works OF ‘eves heeunder 1652 The works undertaken 9 sezodanee with ths Cause 165 shal conform to the Spectstions ana Standard and shall be ead out in 2 manner tat minimizes thelengtn of ne Project Han. 6va oy PUBLIC PRIVATE PTR 1 HVBRIO ANNUITY PROSE ARTICLE 17 (OPERATION AND MAINTENANCE (080M obigption af the Concession urng the Operation Period the Conceninsive sha opente and maintain he Project in arcrdence wth tv Agreement herby sl, or og tho OBM Cantracr and eauied, madi, reps or otlarwze make provement t0 the Projet o campy tnt tho provsons of th Agreement, Appcaie Laws on Anplcable Pec, and Conform to Specfeatins ad Standirgsané Good nds Prats The obligations of the ConcessonaireHeeunde sal cud’ (al Procing and ensuring safe, amooth and unnteTupted ute of the Project, Including preverion of lox er damage terete, dung normal eperatng {binning sation inthe event of axes a ther Incgentsafecting the Sefer and use ofthe Projct by proving a apisar elective response sd ‘maintaining loon wit emergncy sree ofthe ate: (6) Carving ot pee preventive mintenance of th Project {e)undrtking routine matensnceinudng prom! rps of potholes, cracks Jomts, dams embarkmants rectares,arng, eng lage and oer ‘one dees |e) Undertaking mor maintenance sucha rest, past structures, and repotsandefrbshment of system and empmet Ii Preventing, with the assance of earceed law enforcement agence, ny nauthornd sa of te Proje: |e) Preventing with he assistance ofthe concerned av enforcement aeons, 27 fncoochments on oruraithrea erty 0 he Pret: (ty Protection of the emvitnment and proven of equipment and rates (operon and matenance ofall communion contol and acinitratve Systems nocesay fe the efeent operation of he Project and for proving ‘le, smooth and uineruped use ofthe roe () datetes (a) Asintiing 2 pub eatins unt 0 inteace wh aad to suggestions ‘rom the User govemment gents, media and ober ages and (0 comphing wah safety Requirements in accordance ith tice 18 ‘he Conesiente sol renew powsty frm the Pre a ui cncon READ eae aoe met (retong nds mater oo waste ena awa oer dors cua wot Feaon, sie 658) sr rmohc be ncn yen ey etn an olor eh ee paper oe iceaenet spentwaa va ma yaa maa SS = ae a puauc PRIVATE INERSHNP IN HYBRID ANNUITY PROMECTS pred tha the debris nd materal exceed shal be cae te an depose athe Tocaton eid by the Asti sade depends Eres. he Concesionsie shall maintain, In confornty wth Good tndusty Praca, all stretches of approach roads “he Cancesonaive sal procure that atl tines dhrng the Operation Peo the Proect onions to the mainenance requirements set forth in savedule {he “Maintenance Requirement. eantenance Menuel Ne iter than 90 (nev) doy prior to the Sehedued Completion ate, the Concesionsiv shal in cnsuaton ith he Independent gic, evolve repair and imantanance manus fe "Maintenance Manus") forthe regular and preventive Irantanance of the Pree in conformaty with the Specfcatens and Standards, Mantanance Requirements, Safty Requirements and Goo Industry Pact, and shal provide hve) copes thao othe Authority and 2 (we) cpls to the independent Enlner, The Manterance Mana shal be reed and updsta onc every 3 (ree) ‘eas and the provsns fi Cause sal pp, uals muta, such eon itnout prejudice tothe provision of Cae 17:31, the Maintenance Manual shall in portculncde prowsons for msintnance of Pret Ast ad shal rode fr He See mtenance, routine mines and reariwe manterance wich may be FRovorably nicesry for manerance and rear of Te Peject Aces, cng replacement there, sieht thes oealconden conforms to Good incur Pract. Msintenane Program (nor before COO and no ter than 4 ot ve) day or ta ne began of ech ecurting Yes during the Operation Ped 35 te cst may be, the Concesonae Shall grovise to ne Auzhanty and the Independent Engineer, its proposed annual program of preventive, urgent and other scheduled maktenance {the “Maintenance Progren’ to compl withthe Maintenance Requreren, Mantorance Manl sna Eafe Requrements Such Maintenance Pepa sal de (a) prevertive maintenance sete (by srangernants ne procedures fr caring ut urges pas (Crt tobe acopted for detig martenance nods (a) intervals and procedures for caring out ispeaion of al elmens of the lo) mtr at which the Concessions shall ary oxtpeiole martnanee; (i) Arangements an procedures for cang outst reatad measures and (a) toteratformajr maintenance works and theseore there vn 5 ie of et fe aes Pen hn eee Se esPUBLIC PRVATE PARTNERSMIN HYBRID ANNUITY PROJECTS acu reference tots conor wt the WalntensnceRearements, Maintenance Manual and Safty Reguirements 173 The Concesonie may mos the Manterance Programas may be reatonble athe CGreansances, and the procedure specie in Canes 114 and 17-42 shal apply surat maar such modesto 175 Softy, breakdowns and aeons 17551. The Concesslonaie shal ansre sf cortins for he Uses, ann the event of usa conditions, loses, dvrsons, breskdowns and acces, shal flow the clean operating procedures incling the setting up of temparay gts ad rem! of ‘Sbstuton and bis who delay. Such process confor fo the provisions (of is Agreement, opal ows, Applesbe Permits and Sond Industry Paci. 17532. the conceslona's responsi for cescue ogeraon on he Projet shal be mite {oon inlal response to any prtar ieldent unt such te as te competent Suthrty takes charge and shal iacude prompt rrawol of vehles or debrs or any ther ebsructon, whch may endangarorinterupt the use ofthe Project. Fo ths purose, I shll matain and operate a ound he ok ezce post wth equlpment Secrdance with Good industry Protea 11.6 De-commisioning due to Emergency {761 othe resonsle opinion ofthe Cancasinae, there ets an Emergency whith ‘worants decommsoning and corre ofthe whole of any at ofthe Poet the Concessonai shal eile to d ‘copy of such permission shall be sent to the Authority. Xi y s/ fo bana NETS wing TS ae St 23585) on Hi Any se at Ret 52 ‘Sea eons Popo Va Dat hn ae Re le apuauc RATE a8 rsa ‘Se of Gea Pape ins es (Coma Eiht NIE Rn 8700 Kee ae INR HYBRID ANNUITY PROJECTS ‘he provisions of Clase 177 sha ot apni t de-commesining under ase 1761 ortoany cone fora ptiod not exceaig 2 (0) hours ira day at any te of he ay Sand eb) Pours 8 dy ta tune specie byte independent Engineer a ot peak hours when usge of the Project compara lover. Upon receiving the person pusint to Cause 1773, the Conesonake shall be edo cose the designated part of the Projet fo the prio spate thorn ard in theevnt fay dlayn re-opening uch pat, the Cencesioae sal ay Daas tothe Duin cleated tthe ate of 05 % feo poi Fe ger cet) ofthe Perermance ‘Sect fr ech yo a atl par he Pret hasbeen reaped fr use Damages for breach of maintenance obligations Inte event thatthe conestonarefistorepai or rect any defet or eine set forth in the MainenanceRequlement whi the pai spas teri, shall be deemed tabe in reach ofthe Agreement andthe Rho sal be ene to recover Darogp, tobe etalted ard pod ar ench dy of ey url the reach cre, a he hither of 2 two ar can ofthe Performance Security. an 0.1% eto pnt one pe cent ofthe cot of such pa or ecifeaton as esimatee by the Independent nonce. Recovery ot such Damages sll be without prejudice tothe iets ofthe ‘tht ande this Agreement, lacing te ight of Term nan tere ‘The Damages st forth n nus 272.1 may be assess ad spe fothth by the Independent Engineer; proved thst the ithorty my, nts dscretion, Geman {iat sum a Domages ints opin, he breach fas Sen cared prompt 3 the Conceoionsire te herige a compliance wih 5 sbigatons hereunder, The Concesonsire shal pay such O>ages forth andi te even that contests such Damages the Dispute Resolution Pres shal py ‘thors ight tke remedial measures nthe event the Conzusonae does net maint andr rps the Proc Fay pat ‘herolin conformity withthe Manenonee Reqerens, the Marerance Mana othe Mantenanc Pore he ate may be, rao commence eed work within 35 {titer dos of ect ofthe ORM ispecton Repent a noe in ths behalf er the ‘ahorty othe ndpendert Egger, ete ase my by the Authority sha what rj to ts ts ander te Apert incu Teraton theo, be eet Cheeta su emedal mesure athe ean ast fhe Gncesionsi, and toreeover “reo rom he Concesionst n agen te recovery of tears cos a sam eq 2d twenty er cet of ih tsa be pid bythe Conesnst tothe Autry 2 Domes, othe avisance of duty, te rt ofthe Authorey under this Cause 179. Shae ihout prj to argh nd emesis proved nde Case 178 eto sh ave ha tad Cnr ay eat pao the oni wrcenerteousepd aap coeds Cae 734 oe ‘nero nao nh as nd Orage wee 00M Epes ne ot Sips tancsnare my apes oe oceans oe Eto cre ae payne tm te ow Recut cons we eaeonele wna come Paden omelvoBN geen /S Teg 2348) on Hons odes ee an 53PUBLIC PRIVATE PARTNERS IN HYBRIO ANNUITY PROMS 1720 Overriding powers ofthe Authority 17.304 inthe reson onion of the Authority, the Ceneessonai isn materi breach of Its obleatons under this Agrernt arn pata, the Maintenance Recuverent, {nd such breach euse oy fo cause materi harp ox danger to te Users, the Authory may, without peje to any of frets unr this Agrement luc Termination theres, by note require the Concessions le take reasonable measures Immedated For eting or temovirg such hardship o danger, asthe cas maybe, 17.10.21 he event that the Concessions, upon notice under Case 1.101, fast rei oF remove any ards or danger within a essnabl peed. the Authorty may exes Drertiding powers under ths Cee 1720.2 ad ae over he performance of nyo: the obligation af he concessionaire to the extent dered necessary by tor ecting tr removing such hardship or canger; provides that the xaos of sich oven owes byte Authrty shal be of no greater scone and of no longer ration th Is Feesonaly roqated heeunder proved frter tat ay 055 2d expenses ncared tpt Authoky in Gucharge ot obligations hereunder sal be dered to be ORM tagenes onde authrty sabe entlet recover then om the Concessions in ‘cordance wth the provaors of Cours 17 long wt he Damages specie teri. 17.2031n the event of 2 atonal emergency, il ccmmotion o- ay ober act spctid in {Cause 283, the Autry may take ev the performance aan a the obligations of the Concesionite othe erent deemed acasaryby and ever such contol ver the Poet or gv such arectons tthe Cancessonate a may We deemed necessary, Dronded thatthe execs of sich overring powers By the Azhar shal be of 0 ester sope end of no longer duration than ie remanabiy cequred in the reumitaness which cused he eure ofsuch eerie power by the Autry For ‘he avoidance of doubt agreed tha he consequences of such ation sha be deat ‘hoccordace wit the provlon of rie 25, alo ape tat the Concesonae Sal omy ith such Instaetons athe Authority mar sue in pursuance ofthe provisons of hs Cluse 1720, and shal roid assstence and cooperation 10 the Duthorty, ona best llr bas, for paformane fs ablations hereunder. 17.31 Restoration of les oF damage tothe Projoct Save and except as otherwise exes raided in this Agreement inthe event thatthe Project ov any pat threo ules any oes or damage ding the Conesin Peo From ay aus nbatsoever, the Cncessonaire sl at to5 ord expense recy and romeey su lessor amage forth 20a the Moet conforms othe provisions of 17,12 Modifations tothe Project ‘he Concessions sal not cay out any material modscations t the Pret, save dnd except where such madiestions are ecasory forthe Project tO operate i orformity withthe Speciation and Standards, Maitrance Requitemets, Good Industry rate and Rppeabe Laws, provided thatthe Cncessonaie shal nety the Independent Engineer ofthe proposed modeatios aon with particulars Meret at Teas 15 (cen) dps lore commencing were on sich modcations-arg sta reasonably conser any sggeston thatthe Idepenent ngner may atin Iitecr) ys of receing the Concesionaie's props. Forte voit 6wa was was 736 “Zino GaSe Raps Ua pps [Comes wen NIT Dacha c UE Ron 870 Ka ae (Ua ype ent 2558) EINER HYBIO ANNUITY PROJECTS _Pusuc Pawar imoifiations made hereunder shat comply wih the Sfety_ Requirements Specifications an Stands, Rplabe Laws end he prowions fs Agreement. Excuse from performance of obligations Te Concessonae shal ot be eorideed im beach cts obgatins under this |Aveement i any prt ofthe Peer nat viable to Urs on aezbunt of any of he fetowing or the duration there Js) aneventt Force Mies: 1b) measures ten to ensue the safe use ofthe Projet ence when vnsafe Conations occured becuse of fave ofthe Cenessionave 10 perform is slgations unér ts Aeeemet; © 1c) comple wit rages frm the Athy othe ects of ny Goverment Instrumental, th lect whch to cose alr ay arf te roe: Provided hat any sich ron avn and partir threo hal be noted by the Concenonave tthe Authority od the independent Eriner without ary dey, Proved furter thatthe Concessanice shal kop all ute pats ofthe Proct punt Users, provide they eanbe operated ste Deletes Installation and operation of CCTV The Concession stalin an operate a cose cette system o monte ocr pur of he rae! as may be cesar and expedient fr 9 sf, secure and ‘Advertising onthe Ste The concessionaire sha nt undertake or permit any for of commercil adverse, play ov hotang aay place onthe Sk, Padget ane NDE ee he Stee Rajan 55PUBLIC PRVATEPARTNERSAIP IN HYBRID ANNU PROMECTS ARTICLE 18 SAFETY REQUIREMENTS 18.1 Safety Requirements 18.1. Theconcasslonaie sal corp withthe proeons a this Agreement, Appeabe Laws nd Apleabe Pers and conform to aed nds Paci for securing the sey of the Uses arul, the Concesionie shal develop plant and série fuelence and softy prosram fr providing safe ervionment on or about the Projet, ane sall omy withthe safety requrements set fort in Schedule the Safety Reuiement 18.2 The utonty sol appoint an experienced and quail frm er organization (he satety Constant") for cag out seety aust ofthe rjc in accordance wih the net Requiemens, ond sal kel othr aeons peer or securing compliance 18.2 Expenditure on Safty Requirements ‘costs nd epenses ating out oF lating t Safety Renramant shal b born by the Concession to the extant sin cons and expenses form pat of he warks and Services cued in te Scope ofthe Proje, an works a Seve, an, ot forning part ofthe Spe of the Project hall be Unertaken ana funded accordance with the ross of arte 16. —_ as / ao Cg Pape i [mms NE Wag MT Dre MEE KovB87 Spt Kia age (spr ypu ange 2968) ce He AR Pact NOE ay eRe ae ji a 56ARTICLE 19 MONITORING OF OPERATION AND MAINTENANCE 19.1 Monthy status reports 19.21 bunng the Operation Perio the Concsinare shal no ater than 7 (seven days ter ‘he cose ofeach monty fish to the Author and the Independent Engineer 2 Imontly reper stating reasonable deta he candi f the Pret including it: Compliance or otherwue ith the Wsitensnce Requirenents, Maintenance Manual ‘Mamenance Program and Safety Requrements, and shal promply give such ther relevant informatio 3 may 36 raqured by the Independet Engineer rte thoy In prt, such report ha separately ey nd state in reasonable det the elects deficient that require rectiaton. 19.12 ing the Operation Peri the Coneistonar shal, no ter than 10 tn) days ater the hse of each month, furih a mast renagementegort which sal inde & (a) ey perlrmance ica seMeved inthe mont log with an anaas of reasons or fares, Kany, an propasul te remeay the ame; (b) tev operational hurls and deliverables inthe sveceeding month along with Sotesis for edresing the sume and fo" oles impreung the Project's ‘peratorl performance and {e) ey franc parameters for he month 25 benchmarked agus the monty bolero he reasons For sort ary, 20d propos oremedy the same, 282 inspection “the ndpenent Eager sainpect the Project at east once a month, Kahatmake 3 report of such nspecion (the "ORM lepton Report singin reasonable det the detec defcenis, Hany, wth pata rleence to the Maintenance equrements, Minerance Manual, the Mistenaice rogram snd Safety Reaurements and send» coy threo tothe hthonty ad te Cessna win 7 leeven| dys osu inspection. 193 Tess. For determining that the Project conforms 19 the Maetenance Regiemens the Independent Engineer shall require te Concrsionie to cr eu. of enue to Be cate um, tests specied by i in acordane wh od Industry Practice. The Concessions shal th due eigence, cary out or cau to be cate out al such fess aroréance th the Inert ofthe IndependntEngner and fuish the ‘auns of such tess forthwith tothe Independent Enger. One hall ofthe cots incurred ov sich tes, and tothe extent cetfed by the Independent Engineer 3s eesonabl, shal be embarsed by the Auto othe Coressonae 19.4 Remedial measures 19.41 The concession shall epic ety the dele afters tay fe te the 08h inspecon Report or inte text ess eerced 1 n Clause 2 report in respettheret tothe Independent Egnce nd the Auto Win 33 TE oF eld Roma Uo Bs [Crmstin boos NTs wegen TSU Db e MS Kr 28? ons Kaye propane 2958) we He Amal Me Posapet andr Np eae ee Beats 8 ! 57vee) day of raceine the OBM specon Report or hate eu the ase ay be rode that were te remedying ot such decor defers 1 ty 10 tale ‘mow than 15 [teen day, the Cancesonaie stl submit progress reports ofthe eps works ence every wetk ntl suc works are complted in confory with hs Dereon, 1942 Te Independent Engler sal require the Concession o cary out or cause tobe Canie out tests, at He own cost 0 determine at such rem! measizes have Troupe the evoet into compionee wth the Maintenance Requirements and the procedire vt fort nts Gnu 19.4 Ma be epeeted unl the Project conforms to the Molnenance Requirements nthe ever that remesia messes are not ompeted bp tne Conertonare tn conformity wth the aovions of hs Agreoment the Authorty Sal be eno to recover Damages fom the Conessonae under ain aecorsance ‘it the protons oF nse 17 8 19.5 Reports of unusual occurrence ‘the Cancesonare shal, pie tthe cseof each dy, nd tothe Authorty and he Incopendenttrgnct, by facsinle or eal 3 report stating aceléets and usual ‘ecarrences onthe Project relating to tha safety and secur of the Uses and the Proje weely and monthly surrey of sith reso Sall aso be sent within 3 ftive) days cf the dosing ofeach week ané month, a the ase may be For the proses ofthis Clase 195, sederts and unusual occurences onthe Project sal Incl [a)_Deatherinury so3ny pes [oy Damaged dodged ed equipment [c) Any damage or struction on the Pree, whieh ests in slow down ofthe serves beng provided by th Conessonase; (2) Oisblement fany equipment ung operation (el Communiatin fare etn tne operation a te Projet (Smoke ote (8) Footing the Projet ne {h) Such other relevant information as may be requed by the Author oF the Incopendent Engnce. ER ‘Sik Tone of Greenfield Proposed Uchipu | Af) {76 a8 ening kn THS00 ot Pe Ace ONDE pkey pe ae Ron 6 58202 204 20s Pao 0 PRIVKTE PARTNERSHIP IN HYBRID ANHUITY ROUECTS ARTICLE 20 REGULATION AND MANAGEMENT ‘Teffc regulation by the Concssionaire ‘he concessionaire sl regulate tafe on th Project In accordance with Apple {ans ad ste ote supers and contrl ofthe Stat autores [ora sbstite ‘hrc empowere nth bea underAplable Laws, Police assistance For regutng the te of Projct In accordance with Apptiable Laws and this ‘recent the Authority shal alt th Conensinar in procuring pole asstance from the tate Police Daprtment ors suartite terol. The pale asstonce sal Dole setting up of fog pot (the "Tea Aid Post”) teach ofthe Tol Pana ‘ve mobile Poe que fer roan the deck ator ofthe Project, Buildings for Tete Ai Posts “The Concesionate shal in acorance withthe tye Seses prescribed for such pce ‘uapestbuldngs bythe Sot Goverment os substitute nereo, const aks ow ‘ota expense, buldngs net exoedg 25 (went fie) square metres of ith ro, foreach of the Trafic Aid Posts, and hana them overt the Authority notes than 6 Iriel days porto the Scheduled Completion Date. Te Tae Ad Post shall be Seemed tbe partofthe Stans sal vest nthe Aoi. Medica Aid Posts For oreviding emergency mesial a! dung: the Operation Perio, a se oth inthis heleement te Concessanare shall the Sate Govorment or substitute threo to be designated bythe Authrty inating up an opercing a mada post he "eal A Post") th Ste for vis faders onthe Prost at (ech of the To Plats with round theclck ambulance sees for vcs of accidents onthe Project igwan ings for Meat Aa Pots ‘The Conesionave shall a cost andi accordance wi the type designs peed for suth bung bythe State Medal Department (ora subttute three to Be legate by the Atha), construct on ai post builing and 2 (wo) resin ‘quarters and hand them over to the Ahoy, no ater tan 30 (tH days peer to ‘Stheled Completion Date, The Medi! A Pst shall = deemes tobe par of the Se and ealletin te Author, ‘Computer systems and network. {he enesnare Hl instal, pert and sins compte ten wind {hoses comets to the motos oe Rory so te eed Zs ‘Song tn maton etl or mse eer and Pept? ‘eeunon and meager of et Forth apo, flo Sb Ref Sretone Som intag ie “roth ator mene Gea Papal Wr tps [Gnnsioe Paves N-Te aang in ba BE a )) 5820.7 Recurring expenditure on Police assistance 1 or before the Sched FourLaning Date, the Conesonae shal provide tothe State Folge Deparment or » ste ther! one Jp or Siar vane in good \workng canton slang with chats for oun-heckpatrling a et fh in {Cause 20.2 ad shat mee the eprating cost of sch vel including the salaries and ‘lowances of th chaufeurs 20.8 Recurring expenditure on Medica Nd Posts ‘on or before 000, the Concession shall provide to th tte Meal Department or ‘a sbeitute thereof ob desented by the Auoy one ambulance good working onion slong wth chaleur far roundne-cock ambulance sencs 3st forth In Cause 21.4 anc meet he operating costs of such amtolace icing tesla nd Stowonces of the ehafcur. The Conessionie shall algo reimburse to the Sate ‘Medal Department (ors subitute thereto be earned by the Authorty) the til expendure neue by in each Aecouting Yat on th mada! equipment {rd the py a slouancs of 0 (wo) made pescrel deployed exclu or fe Mec Ai Pots and able, nd shal matin che Medial i Pst bldg in accordance wth Good Industry Pace. or the aveldrco of ub, ts agreed that ‘he Concessonie shall ot be lle fr any ater experctre iene bythe Sate ‘Medial Depsrient rasubttute thereto be desgnats ty the Ary “See of Gas Pop pr tps [arasion Bawa ILS w xine te TTS Beker ott Rin s87e400a Kas as tei 23885) on yor my se Pater ee NED De eat annna naa naa naa na naa naz “Tin ie Rope ne pa eosin wm NTE wag TSS ARTICLE 21 INDEPENDENT ENGINEER Appointment of Independent Engineer ‘The Authority shal appoint» cnsuing engineering fry stantial accerdonce Wath te selection enters ae ferth in seheoule Mo be the independent consultant “der ths Agreement (the Independent Engineer". The appointment shal be made no Ice than 80 (cay dye Ham the dete of th Reeortent and shal efor 8 period of Constction Parad pis si (6} manths|.On exry or termination ofthe afoesid Spocintent the Rutory shall ppon anindependent Ege for further erm of 2 toe year in ecordane withthe provions af Schetul-M, and such pecede shall repeated afer expiry of ch pointes. utes an functions ‘he independon Engineer shal charges daves a functions substan In ‘ccordane withthe terme ofrefererce set oth in Schaal the Independent Enlnsr stall suit regular pais wears (atleast once every month] oe Authorky a respect fits duties and uncon st fethin Shed, | tre copy fal cmmaniatins set bythe Avr to the Independent Engineer Sey the dependent Engineer to the uahory sk be sant forhath By the Indopendent gee tothe Concessions, 1k tue copy of all communications sent Ay the Independant Engineer to the Concession ad bythe Conesonare to the Indepennt Engineers be sent forthuth hy te ndependent Engmoe fo the Author Remuneration The remuneration, cost nd expenses of the independent gnc shall be pid the Autorty and subject to the Inia st for in Seale M, ono of sch Femuneraon, cost and expenses sha be eelmbure by the Concessions to the TRthorty within 15 fiton) dope of receiving 3 statemont of expendi fom the ‘eiination of appointment ‘he Authority may, is acreton, terminate the appeitnet of te Independent Erancer tary tne, but ony ter appointment of moter Independent Engaees in aeoordance wth Cause 222 Ut the Concesoraie has reason to beeve tht the dependent Engnser 1 not (dscharing ta tesa uretion in refer an digant manner, ray make 3 iritor representation tothe Authority and ook termination ofthe appintment ofthe Inaspeden Engineer. Upon rest oF such representatn the Author stall ol ‘Spree meeting withthe Concesdonare and lndependet Engine or an apie ‘esau ofthe Dspwte, andi any aferene or dsagracnent between the Mahony Sra the Concescnare rei unteoiveg the pute sha be sete in acordsnce with Dispute Rslston Pocedi. I he evet ta the appointment ie Padget anit NH ” élns ne ang B Independent Enger Is erminate hereunder, the Authoty shal appoint forth anaher Independent nance im aeordanee with Oause 21.1. Authorized signatories ‘The Author shal equi the tdependent Engineer to dsgnate an noi to the Authorty and the Concesonie upto {two} persons employed in its esto sig or {nd on baka ofthe Independent Eager, and any cameuriation or document rege tobe signed byte Independent Engineer sale valid ad flectve ony ‘nad by any ofthe deignated persons: pone that the nSependent Engineer my, byte ning tbat ary of he designated prsors by any oft empayes. Dispute resolution W eter Bctydsputes any adie, neuen, dekon, rection or award of the Independent Eaginer, or, the cate may be, the aertion or fale to assert Jursletion the Espute shal be resold aecodance wth the Dispute Resolution Procedure Interim atrangement In the event thatthe Athory does not apport an Independent Engines, or the Independent Engineer r0 apcinted has renawshed i funcons oF deals in ‘schae there the thor ay, in enter, designate ang athe ay eon {o dstharge the fechas of the Independent Engineer ip acordnee with the provisions of this Rgeement save and oxcet tat such pron shal not exer ry Functions reiting f0 review, conmant,spproval or inspaction as specie inthis oreement for opin rszet ofthe Independent Engine, and such urtions shal be tincorged a and when a independert Engine” sapped in accordance with the proviion of ths Agreement roid, however, tat noting contained in this Case {hr saltinany monne rest heights of he thoy enforce ompiance of the rovsonsof is Areement. ie & ris [Coss bts raid Pops 62PUBLIC PRVATEPARTNERSAIPIN HYBRID ANNUITY PROIECTS_ Part IV Financial Covenantsma na 222 na PUBLIC PIVATE PARTNERSIP IN HYBRID ANNUITY PROJECTS ARTICLE 22, FINANCIAL CLOSE Financial Close ‘The concession here ges ndunderttas tat shal ahve Fra lose within 150 fore ned andy day Wm the dnte of he Aecemant. he event fey ‘ching te Fone Cl, the Concer el be eee to further pero rot ‘ese 120 [one ued wert) dy, sv} psymat of Damages tthe tory ina sum caclted mt therate of 05% ro point five percent the Performance “Seay for enc oy ofl, pred tha the Damages specie ern a be aye ‘vey meetin Bane an the pried beyond the sé 150 (re nde ana ty dasa te granted only tote extent af Damages op nthe eet of dey in achevng the Franc Cove beyond 279 (0 hunaed and every) Soy Form the ete ofthis greener the Cotesonae sale ett a fata pee nt ecesing 95 (ty fv) dys suet o parent of aragesto the Auton asin cll athe rate of (01% ero pot one percent ofthe Petarance Seu fr each day of Seay, proved that the Daag pete her sal be ay ever weck i sdvance an the peed Soyer the sald 27 two hunted an every) ye ol berated ey tothe etre of Domages 2 pith proved hater tht no argon sl be payable such day i Fron! Gone has occured duet Force Majeure. For he svadaoce of dou, the Damages paybl hereunder ty the Canceonare eal be adon to the Daas, ny dad payable der the rovsons af Cause 43, The Cancessloraie sal, upon occurence of inal Clse, notify the Asthorty Terthwth and sal hve provided to the Authority, a est 2(o] days pie to the Finan Cose, 3 hes tue copies of th Fnncal Packie ad the Fiancl Mod ty stesieaby Diet of the Concession, sng wh 3 thee) so ope ofthe Financia Model n M&S Excel ern or ny svstte theres, wich s acceptable tothe Senor Lenders Termination due ofllre to achieve Fiancil Close Notwithstanding anything to the conway contained in ths Agreement, buat sbjet to Chaise 2664, i the event tha Financ Clove does net occur, for any reson ‘aetscever within the period st fethin Clase 22.1.1 ore extended pesos provide ‘hereunder its preps clans angele’ oth Conessnae under or sng out of th Agreement shall be dacred to have been waved by, an 0 have Ceased with the concurrence ofthe Concessioae, ad the Concession Agrecriet so ‘be dered to hve ben terminate by tl agreement ofthe Parties Upon Termination under Cause 2:2, the Author shall ened to eas he Sid ‘Secu and appropri the racers heteo as Damage: prewdes, however, that ancl Cose has not ocerred de 12 Force Majeure sal, upon Termination, {eles the Bid Secu or Performance Secu 35 he cate may be, Forte aveence ‘Staub express greed tht the Boi Secu shotnave ben sutttated bythe VA cea Ges apne Ups as [Canmtin Foes Te a ing ew TUL ees ato ily % engin 2348) on be ay Me 64wa 232 naa maa 233 nat waz Ss eae % ARTICLE 23 PAYMENT OF BID PROJECT COST Bid Project Cost “The Fotis ees are thatthe cot of cnstrucion of the Proje a on th Bel Ot, sie du and py by he Author tthe Conesiong sal be dere be 591 Crowes (Rupes ft Hundred and Naty One Crees The "Be Project Cost “The Paros rer agit thatthe. Projet Cost spected resto or ayer tothe ‘oncessnr hal be cue of the cost of construction interest ing cnsrucion, ‘wring cpa gyal eantngene anal ther cos, menses ane charges oan {espe of eortucton ofthe Proj save atl eee ary dion cass ang on “court of vation a ie Index Change of Scope, charge in Law Force Majeure reach of ths agreement, whch cot sl be dve an papi tothe Canesionae i sccordace wth te pons of te Aerent. Forte vadance of doubt the Bc Projet Cost specie ten represen he amount de and ayy the Atheiy tothe ‘Concesone and may eles than aqil, rrre ha We Esimated Projet Cost. ‘Aajusted Bid Project Cost ‘he Bid Project Cost specie in Clouse 23. shake revised trom te to tne in cordance ith he proion of he Clase 73.2 to rele he vation in Pre Inex ‘Securing ater te Reference Ine Dat meaty preci the Bid Date “te Bid Project Cost ast for variation betcen the Pe nd ocuing betmeen the Reference naen Oste preceding the Bid te and the Reference Index Date immediately precerg he Appointed te sal be deere tobe the Beroject Cost ot For every month occuring ater the Appointed Oat, the Authoty shall emp the variatanin Price index cesing between the Reference hex Dae preceding the Bis Date and the Referer Index Date precede the dt of oie shall express the late as 2 ruil of the former (the “Pie Index Mulpe). Al nvics toe ‘Submitted bythe concessionaire to the Autor for and in respect of the Construction Peo shal be the product ofthe rleant proportion ofthe Bil Project Cost and the Pre inden Mlle spate on th dt of voice. Forte avoidance of doubt an by ‘eo fasta i tha Pe Indo on he Reerence ox Dat preceing the Bis Dot, soy January 31,2016, f 200 feo hundred; (“he voi is submitted on ‘eter 38, 2047; nd) the Price Index as on September 30, 2037s 20 (wo hundes Sd te) thn the Price index Mui fr determination the amount ei respect ‘fai incisal 105 one pomt eo Payment of Bd Projet Cost 0% (ort per cot of the el Project Cat aust othe Pc nex Mp, shal be land ppt ta the Cancesonae in 5 ee eal nse of 8% (ge em) nc rng te Canton Prod czoraance we he pvions of Clase 234, ‘The remaining Bl jet Cos, ade fer he Price nde Mt, hal 9. td elit day oF COD in accordance wth the rovlonsof Cause 236. |v Be Sat Rae resent Samal tens onmean fon he ao fag”)nas 238 261 PUBUC PRVATE PARTRERSMPIN HYBRID ANNUITY PROJECTS Payment during Construction Period Lon receiving report Ham the Independent Engineer ctvng the achievement of te Below mentioned Payment Mlestones, the Authoriy shal burs, within 15 (iteen) dae of merece ofeach such report, an rtlinent equal to 8% ght per Cen ofthe Bd Projet Cost, acjusted forthe Pe Index Mute a applable onthe Reference den Date presecing the date ofthat report For the pupote ofthis Catz 284, the Payment Milestane For reat of payer hrng Coston Period salle 3 aden 2) titest)paymen Mestone - On achiever of 108 Physkal ropes 5) {second} Payment Misston “On achievement f30% % Phys Progress }__thithed Poymen Milestone On achievement of SO Py Progress ) fourth Payment Milestone -Onachiverion 75K Phystal Popes 3) Vit) Paymant iestane On acevemen of 0 Pyseal Progress Proved that incase of change of Seopa, he Phyl Powe shal be recalculate ‘secon for he ean scope Sonus on eary completion inte event thatthe concessions shal achieve €00 on se mare than 30 (tity) doy: tro the Shasted ompeton Gate the Author hat pay te te Cncesionare 8 onus equal © 5% ero point ve er cnt 60% ity er cnt ofthe Bk Peet an fr the fst30 ir days by whch COD eal pare the Scheduled Completion Date and hereafter the sid ors sallbe cleat on the prorat as foreach ay revo the sai 30 (hy days period. The Bonus shal be due and payable to the Concesonie alongwith he 1 (es) Aart Payment “annuity Payments during Operation Pesiod ‘The the “Completion Cet” tal be the sormation A, 6 0,6 and below A s0% ofthe id Polect Cont uted forthe Pie index Multiple as apple tthe Refrnea Ion Ose proce tha date of reoor conn 10% Phys Pages 5. frothe 2% ofthe Bi rjc Cost aha fr the Penden Mine a ovlesbe onthe Reterenc Index Date preceding the date of repr cofrsing 40h ysl Progress Arathor 204 ofthe Bi Project Costas fr the Pice Index Mie a8 Spszable nthe Reference de Date recone the to report coring Se nal rome 1, Ancor 291 ofthe i Project Com ase othe Pic ner Mi pliable onthe Reeencelnde ate preceng he ate ora coring voter 13% othe Bi rjc Com ade othe Pc inden Mull ttle onthe Reese Index Date recente to reat ong 0% ysl Prose noe 10% ofthe i Projet ost aust forthe Pre dex Mu a Deol onthe freee dex Date preceding he CP, ‘e fig ame TN ey seth avy Maens2 nasa (Pr HvBRIO ANNUITY PRONE The Fares acknowledge and agree that the Authority hes paid 2 orton of the Completion Cota payments dui Constrction Period pan to louse 234 ofthis Agreement The Balance Complain Cost emaining shal be eo payable drat ‘Operation Period in accordance wth the provisanaof Cau: 2362, ‘ne Completion Cott enaing tobe pad in pursuance of the provisos of Cause 2&1 anal be dus apd gabe in inna isalmens evra period 35 (Mee) ‘year emmencing fam COD, the “Anny Payments) The 25% st) installment Dnt Payment nal be due an payable wine 15 (ten) days af the 180%Tone Sore ond eghtietn day of COD and the ramatnngitliments shall be due an sayabi win 5 fen) day of eampletin ofeach of he svcesive simon (he [Anny Payment Oat") For the svotance of dot, the lst Annuity Paymont Date ‘rouldbe aduredtoin sucha way that tls at the endothe Operations Pood, Each fhe Aesty Paya de na yale ding the ys owing the COO sa Tay ng COD | PRTC Csterlnne> Sepasor on, "arin Zak 2adamuty ame Seda 2 aut zai saat ash ‘per Ts an ante BE Sth ante ree q aahamatt ost sien om isthannty a0 ‘hay = 3308 inna sai “any 330% shanty ae Boa a7 Zatanaty a3 Bnd nl 330% Seam 068 2th Any ai [asians a5 Sse 125% desi sensy a7 Som son a8 Tach a te Bana snes aH Cae lb TTA rd ‘pecan use 268. ey x -) 6PUBLIC PRVATE PARTNERSAIPIN HYBRID ANNUTTY PROIECTS 2864 Interest sal be de and payable on the reduc balare of Completion Cott an Interest rte cult the applicable Ba Rate pl 3% (ree par cot. Such interest shall be due ang payable Banal along wth each inaliment speded 9 se 2363. For the aveidance of debt ad by way of iutaien the Parties agree that Interest onthe Compltion Cot remaining a8 pid, east Kom COD and nti the 180th (ane hundred and eigreth) day of COO, sal ke due and gaable to the Conosinsr lang with he fst Aanity Payment and erst on °° (ge ent) ofthe Perentage of Completion Cot reining tobe pian COD, alelates rom ist ‘ante payment teed url the Jat rat) annwersay” of COD, shal be due ae ‘ayaa long wth the Second Anuty Payrnent du ang payable under this Agreement “he Patios heer apes tat terest stale calete bed onthe numberof das 8 arteular Sank ate was applet rng the perd af cculaton. Fr the purpose ot Iscaton, assuming that the Balance apa cost rang robe pa sR 100 crores ‘onthe 2 Anny Payment Date, the apacabe Bark ater the fist 7 days Kans thereat treed to 7.8% and remains uncharged il te 2™ Ant Payment Ose, ‘the interest would be eatted as (200°2275/365)(100%20 5%" 208/365). For the aoienee of ub, te ners woud be elulbtedon simple intrest basis nd no “Compounding ofthe sme would undertaker, 23.7 08M Payments ZATA The Parts acinowiadge and agree that all ORM Expests shall be bore by the Concestnar ana in ie there hp su fan suport inthe form of bsnl povments sol be due and payable by the Authory, whi shal be computed on Ri 3 Crores Rupees Tee Cars ony (thet Yaar OBM Cs"), in accordance wth she pevison of thie Gaus 23,7 [te “O&M Payments) The Parties rer acknowiede Sad atee thot any OBM Expects a acest ofthe CBM Payment sal be borne sly bythe Conesinae, sive and except ar expesyproded In ths Agreement, For ‘oldanee of cou its ied thatthe OBN Payments il be sujet to any Change inScope ofthe Projet of the Cncessonaee under Avice 0 ths Aareeent 2372 subject tthe Provisions of Chute 23.73, the ORM Payments due and payable tothe Concesonaire shal be pi in 2 (0) equal Banal instalments are abused byte ‘thay together ath the corresponding instalnents of ny Payments 2873 Each ntlimnt of OBM Payment shal be the produ the amount determines in cordance wth Clase 232 sd te Pie ngox Mp a he Rfornce dee Date preceding the duc doo of payment terel Fer ke avidnee of doubt any way of Iowa if (the Fst Year O&M Cost eRe. (Rupes one crore (i) the GBM Payments tobe determined forthe 2nd (econ) yest a the Operation ev: the Drew Index othe Reference Index ite preceangth al Dat Is 20 {two hundred) fd the Price nde onthe Reference inden Oat receding te de date of payment is 20 foe hundred for npyng a Peso Mateo. one pint two), then the ‘aM royent for hat stale eh be he produc of st ear OBW Cost andthe Sealcable Pc Index Mute which produc shall be RSL 2c. Rupes ne pln two rere) Soto fnaledansbetnisofe Tae of Oe 5 an [Consonant eg A APSO raat ae ey nya 730 238 Mobilzation Advance “he Auhorty salon request ofthe Concession, mate an aévance sayment in 3 sum not exceeding 10% (ten per cet) of the Bid Projet Cast the "Mobiiation| Indvonce| Ths avonce payrent shal be mage in two equal intiments. The Concesonaire may request the Author for the fst Isakment of te ssvance jayne at anytime after the Appoited Date, lng wit funshing a Bark Grantee Sar satetactry othe Bathory. Te Concssonare ay reqs the Ahoy or the stcandintalmant ofthe cance payment tay tine flr Esty ays rom the [pointed Date, lang wth fring Bank Guerantze m2 form sBtisfocry tothe Author. The fst and scond instalments othe Mobizason Advance sal be pid by the Athory within 30 (hy days of ewig of te espcv requests nth baht irom the Concessions, The ae ofinfret one Mabon Advance slo eet tothe tank Rete, compounded sma. The Mbiiation vonce halle deduted by the Athonty nd fou) us instalments rom each ofthe payments tobe made bythe [thoy fo te Conctsdanas in cordance withthe poisons of Cause 23-4 andthe ‘ners thereon stall be recovered a the 5” [fh ad fra mstakment upon expy of 120 lone hundred and twenty) cays commencing Wom the dte of recovery af thea” fourth istaner 239° TWestmento incomplete works 12181 The Parties scnonledge an are that nthe event COO eccurs upon issuance of Frovisonel Certcate, the Aamty Payments ana CBM Payrnents specified inthis Ile 23 shal be mate ait works corarain the Projet have been competed, The “nor rersinng incomplete shall be completed by the Concesionar in aeeordance ‘nth the pronisons of hs Agreement and thereupon, the Completion Cer ente shall essued forth 12182 inthe event the Authority determines tht any comple works refered tn Case 733.1 ae not required tobe complees foray reason, shall mod the Scape ofthe Projectn accordance wi he provisos of rie 16 and the Completion Cost, Anny Payments and O&M Peyients shal be redsa on account ef such Change of Scone 3 pe the provislonsof dete 16. sicid Ropes Uo pas [Comaan ave NTS wg TT Dbotw MUS Kn 287 ont Kia age sin 58) ea Habe ay Mose Paget ne NDP On tan 68PUBLIC PRVATE PARTNERSMIINHYGHID ANNUITY PROJECTS —_ ARTICLE 24 Deleted (7 a ing tm 50 25) isan Me, te Sat et Siew Gea Pept Car be Berenstain ii a24 saa 252 » » 0 253 IC PRIVATE PARTNERSHIP IN HYBRIO ANNUITY PROIECTS ARTICLE 25 ESCROW ACCOUNT Escrow Account ‘he Concessions shal prior tothe Appointed Date, ofen and etablsh an Eero ‘econ wth + Bank [the “Exo Bak) a acerca wth he Agreement read with the tom Aptooment. The nature and scope of the Escrom count ae fly dese in the apreement he "crow hreemen tobe entered amongst the Conese, te Author te crow Bank ana the Senor andes troup the Lenders Representative, which salle stanly the fom set orth in chedle0. ‘epost nto Esrow Account ‘The Cencssionae shall depositor cause tobe depot the folowing lows and ‘eet into the row Alsou ‘A unds costtting the Financial Pachage ‘A revenues fom or esac of he Projet, including he proccds of any etal lego, apt ret orsurance ems an ‘lpsments ty the Authority, afer deduction of any ousendngpeymens withdrawals during Concession Period ‘The Concessions sal atthe tne of apening th Escraw Aezout ie inevoable Innvctions by way fan Erow Areeret, tthe Es Ban istucing, ine i, thot deposits inthe Escrow Account eal be appropiate the feowing Se every ‘month or at shorter tral a necesrry, and at duein arnenth then appropriated ‘ropoonetely in such month and retained i the Exzow Account ard pid out {hereon inthe month when due (alll tmes de ant payole bythe Conertnaie for and in respect of the Projet: (0) Dats, el A payments rsating to consretion of the Project, subject to aed in Becordonce with th ontone ay, se fen Finan Agreements Io} 8M Expenses, sublet to the eng, HE any, sat forth in the Financing ereements [e) 08M fagenses and other costs and expenses incurred by the Authorty Secordance ith he ronson ote Agreement, nd ceri bythe Aeity due sna poyable tot In Anyamounts due and sate tote Author te than under use, |e) Monty proportonte provision of Debt Service aux in an coin Yan) ia/ Dae o NE Rn s87 40 Ke engi 2556) oH ly de Pola nike NHDP Oe a a ES a54a saa SRS ie pees a np ean ten NE a sg TA a Sw ow 0 w A payments nd Damages coring the hater a ean payable it by ‘Monthy poportorateproviton of det sence payments du nan Accounting Yasin espect of Sabrsinated Debt; pay ceservereurements se fthin the Faanengeroomerts snd Balance, amy, acardnce wh theinstractansa he Concessions. ‘The Concesionite sal natin any manner madly the adr of payment species in Clause 25.3. ence with the pror writen approval ofthe uth. Withrow upon Termination Notwithstanding anything tothe contrary contained in is Agreament, all snounts andr ete crest ofthe Eero coun sal oon Terniation, be appropriated in the following ere (ol Altes due and payable by the Conesionave for and in espect ofthe role (oases (@)_Pevertage of Debt Due exluing Subordinated Debt required tobe ape the terms of he Aree: (8) outsandingpoyments det he Authority {fe} Allpyments ang Damages tia bythe Author sue ad payable ti by the Concession: (Retention and pyran elting tothe ible fr defects and defences et foain aries 1) Outstanding Oe erie nung the balance of be Due: In) Onttaning uborinated Debt 1 Incurred or accrued OBN Expenses: 1) Anvother payments renired tobe mace uncer this Aeement snd (8) ean, any, naeordnce wh he instructions the Concessions prone tat no appopttions sal be mae under Subcause of the Cause 25.4 Une Vesig creates ean ened he Authorty ude th ronsons oft 72 ‘The provislon ofthis rte 25 ap he instructions conti inthe Exrow Agreement shall reman nfl ore ane effet alte obligations st forth in Cows 25.6.1 hve bean eo {engi 23889) so nbe aha oe ae at ee 12-UBLC PRVATE PARTNERSAP IN HYBRID ANMUTY PROJECTS ARTICLE 26: INSURANCE 26.1 Insurance uring Concession Period ‘ie concession shalt and minain at own cst, ring the Censtrction Bui! andthe Operation Period, such insurances for such maximum sums a6 may be ‘esured wade the Paring Aereererts and Apleable ws, 2d each insurances a Imov be neceany or prdent in aecorance with Giod dustry Prac. The oncosonie shal alo effect and matin such surnas as maybe neesar for testing the isk that may devolve onthe Authorty 35 consequente of any 2 oF mismo he Cancessonae dig the Costucton Ped. The Concession sha proce that in each Insaco poly, the Auton sal» cinsured and that the Insrer shall pay the proceeds of surance into the Estrow Account For the avoid 1 ub the level of Insurance to be masntied bythe Cocessonae after repayment 2 Senor Lender dus i fl shale cetermined onthe ame princes 2s appleable for determing the lvl of insurance pie a such epsymnt a enor Lenders dues. 262 Insurance Cover Wahou reutce othe provisos contained in Clouse 26, the Concession sal thing tte Operon Pera, procure and maintain Insurance Cover incu but not Tmt he lowing: (@) Loss damage or destruction ofthe Projet Asta, neuding aes Rando over byte thority ta he Concession, telecon ate (0) Comprehensive thd party laity insureee indi iny 10 or death oF Dersonnel ofthe Author or otercuseahy te Fojec (©) The Cancessonaie’s general ial ring out of ho Concession (e) ably owe partes for good or property ama; {)_Wrkmrtscompensation surance; and i) anyoterinsucace that may be nesesary0protet the Concssonie es mplojees, sncudrg. al Force Majeure vets that are Insble a omar resonable premiums aod na otherwise covered in ites) 0 (6) ove 263 Notices to the Authority No ter hen 4 (ty ve] day pir to smmanaamant of he Construction Peo or {he operon Pei ste ese ay be, the Caesar shal by notice Fush ‘he authority, in resonable deta formation in resect of the insurances that proposes to eect and mastain in accordance wth this rte 26. within 30 (hy) tly o recto such notice the Authory may eequiethe Concessonare to elect nd maintin sch other Insurances a5 maybe Aeesary pursuant het, and inte trent of ay ference ordsagreement rlting to any such nsuraee, the ep Ty Resolution Procedure sha ap ‘Fae of Crag Raped jr pis [oman bese NAT ass Kn wan.“ Baran tora the) ino Ay 1326.4 Evidence of Insurance Cover ‘nro tind bythe Concessonaie in aezoreane wth his Artie 26 sabe rantaines with insivers on tems consent with Good Industry Prac. Within 35 Ttleer days af atsning ay neurone eve, the Conesionae shal fush fhe Authority, notaried true copies of te cet) of surance, capes of nsurence poe, aed premium payment recs i rexpet of such isutanee, ard ro sich Insrarce shal be cence, modi, allowed to exe or apse ue he extn ff at ast 25 (frye) cays afer note of seh proposedcanclion, mosifston oe ronrenewal is been elvered by the Concession tothe Azhary. 265, Remedy forfallureto insure 1 ne ancestonar hal ft fleet an Kea in frceall surance for which is resganble pursuant hereto, the Author shal hae the ction tether keepin force Concencnsie, on the pent of computation of 9 Terniratian Paynent. test an mount equ tothe Inewanee Cover as deemed to Nave boen resied by the Concesionnie 26 Waiver of subrogation ‘surance pois in respect of the insurence obtaned by he Coeessonire pursuant to ths Arce 26 salle a waiver of ny anal rights of subrogation or Fecovery ofthe isurers thesunder agin inter al, te Auton, ana is assign, Secesios, underakings and thelr subaaris,aflats, employes, sues and Cinders and any igh ofthe insurers to any set-ofor countercaz any ther fdducton, whether by sackment or eters, I respect of ay aby of ay sch person sured und by sh oly Or an way connec wth nye Baby oF ‘ligation coved by sch ples of isrece. 26:2 Concessionake’s waiver ‘he concessonsiehesey futher releases, assigns and waives any andl ets of Subrogation or recovry agi inte li, the Author 3nd is ass, undesatnes Gd thelr suai, after, employes, SUcesOr insures and underarier, vahich the Concessionie may oteese nave or arqi n a fom OF nay Woy Connected with any fos, lablty or obigaton covert by pokes of insroace Imamoined or regules to be maintained by the Conossonarepursaot t this [Apeement (ther than thre party abit surance pois) or because of Sestble Causesin adequacy ofits of any such eles of narance. 26.8 Applleation of insurance proceeds “te procends from all surance cis, except fe and iy, stall be pdt the Coneninate yee fo the Eero Account andl rotting antigo the contrary contained Io Cure 253, apply such process for any necessary rps [econsructon renstaemert,rplcement,inpr]vamer or delivery ofthe Prope fd the balance veining, f ay, sal be apled In aczrdance withthe prisons. Te las Gad Pra ine amas Ra Te a eitng oN ASD a gt 2548) on Ara Dove Mk Kona? Kaye ae pepe " Padget nae NRDF ° Scr {PRIVATE PARTNERSHIP IN HYBRID ANNUITY PROUECTS 24. Compliance with conditions of insurance pices “re Concessoare expesty sckrouledgas and undertakes t Fly inerity the Ahoy rom and again al ses an elie asing fon the Concession’ aire to comply ith condtons imposed bythe insurance ples acted i accordance with this Agreement, i eeARTICLE27| ACCOUNTS AND AUDIT 274 Audited accounts 27.4.1. Twe Concession shall matin bos of scours recog als eit adn all revenues dernd/oleetea by fom of on account cl he Projet anor Is st, inca, expenture,gaymente nla poyrents fromthe Eerow Account sets and Fabien acordone wih thi Aarceret, Good industry Practice, Appable {ows and appesble Pets, The Consors shall powde 2 wo) copies ofits none Sheet ath Flow Statement and Pot an Loss Account, tong wh # report thereon by it Statutory Audtor wr 180 one hundredand eighty dys ofthe cose Of the Actourting Yer to which they pertain and such usted account, save and cept whee exgrestly proved to the entry, shal frm the bass of payments by itor Party under tis Agesmant. The Authority shal Rive the igh Inspect the fecors ofthe cancastlonaire during offs Nous zd requ copis of evan eats OF books oF acount, duly certfad by the Statutory Autos, to be provided 1 the futhorty for erst of bas of payments, and the event of any scene OF fror beg foun, the ene sal be rected and such ee seman shal form the tsi payment by fhe Paty unde his green 27.2 The Concessensite shal, within 20 (ity) days ofthe dose of exch quarter of 39 ‘ecourting Year fanih othe Bathory Rs urate ina resus in respect ofthe preceding uate, nthe manner ap form reso by the Secures and Exchange fowrd of ne for publeatan o quarter resus by the companies sted on 9 tock 2713 on or before the hye day of May each Yar, the Concesinare shall provide to the Auhonty, forthe preceding Accounting Yer, 2 stement diy austed by is Sattery Aucors ing sumnarzed information on revonbes derives from the Projet ond such other formation asthe Autry may axonal rege 272 Appointment of auditors 2722 The Concessions sal posit an have during the subsstence of thie Aesement 8 Ie stottry Aor afm chosen fy for the muy agreed it oF 5 (ve) ‘putea fr of chovtere cesta fhe Pana of Crarered Accountant sch Isteo be orepared substi in asornce wth the era Set forth in seh, Des sad enpnsar othe Statutory iors sal bebo by the Concessions 27:22 The Concesione may terminate the appartment of Sateory Autor afer tie of 45 (fri fe} day to tha Ahoy, subject the replsemert Staton, adore being appointed fromthe Panel of Catered Acco 2723 Notwithstanding anything tothe contrary conse in ths Agreement, te Autrey Shall hove the righ, bu ot he abies, to appoint a 1s cos fom tne tne ans ‘tany tne, another fim fhe "Additonal Autor”) om the Fone of Chartered Recounans to auc and very al those matters, expeses, cos, ralph, things fc the Station Autor are reqed to, ueetke or erty ua d» ia ace NT a ng in TPE / eng 2558) on Hob arbi ke Be ae Re ‘Time o esas Pops Wir tps Bhs i eda ee apuauc Pata 27.3 Corttcation of dais by Statutory Auditors any elon or document provided by the Caneesonae tothe Authority in comecton| ‘th elt to eit, come, payment, east, expenses, accounts or aut, 28 Sn mater nedental thereto shal be vhs anelfectve arly f ete by ts tattory [Rutos. For the avidine of doubt, seh eertfeaton shall not be required for change of infomation Inthe nommal cost of buses inudng the sbmision of Snv pede inlermaton In pursuance ofthe powers af tis Acre, save ant sept ere such crtiation express prose, 274 Seto nthe event any amount is due ana payable by the Avot tothe concession, ‘ay sat any some payable toby the Concessonare an py the balance remaining Foy enetee Oy the Autonty of ts rights under tis Cae 274 shal be without prelude to any eer phe or remedies eaicle to t under this ABreement or 275 Dispute resolution In the ovent of thee being any ference Between the fangs ofthe Adtonal hudtors othe Cenccrethustors, athe ease may de, athe eration provided bythe Staton Audits, uch Auditors shall meet eso the iferences an they te unable fo vesohe te same, such Dispute shall be solves bythe Authority by ‘recourse tothe Ospute Resolution Procedure werd aa Pal Uap yn Cas aes Nw TT SS / Gece ng 258 oben ay I rs YG 1 seat Dhaest Re____ PUBLIC PRIVATE PARTHERSIIPIN HYBRID ANNUITY PROJECTS, Part V Force Majeure and Termination282 ee MeN Ci te saat Renan PUBLIC PUVATE PARTNERSIP IN HYBRID ANNUITY PROMECTS ARTICLE 28 FORCE MAJEURE Force Majeure ‘As used in ths Agvesment the expeson "Force Maou” ar “Forse Majeure Event” ‘hol save end snp senpeay proved atria, mein acurence inn of 3ny forall of Non Poel Event, rect Potts Event and Folteal Ever, a8 defined in Causes 262, 282 and 284 respectively, 1 afects the performance by the Paty flaming the bene of Force Majeure the “ete Prey) fits gations under this ‘arena and hich actor ever [is beyond the reasontle cont of the Acted Paty, ab he ast Paty cous ot have prevent or overcome by exe of tue eigence ang olen Good nds Paci, and cha Material Adverse Ect fnthe teres Party ‘Non Poiteal vent ‘Aon Poti Evant sal mean ane ora ofthe oo (o) act of God, idem, extremely adverse weather conditions, lighting, ‘erthcusk, andlde qstont, lod, vlan eruption, chemi radioactive Contamination or long raison, fee or oploson fo the extent of Contamination or radiation or fre or expleson orginating from a source ‘woralta te Sel 1b) ses or boyots other thn those ohing th Conesinare, Contractors for ther raparve employeestemesnttvs, or attbutabe 10 any act of ‘issn of ny of hem) itrupting suppis ad services to the Poet fox 2 ‘Contnuus prod of 24 (twenty fou] hors ad an aggregate pend exceeding seven) day in an Aecourting Yeo, ord not beng an Indirect Poti Event {esfothinCouse283, {el any faire or delay af» Conrstr but only to the extent caused by another Non olcal Eve and whic does net es in ay ofseting compensation beng saat to the Concession by ora bento such Contactar [eon judgment or order of any court of compen jrictan or stattory Sino made aginst he Concsionsve in ay proceedings or rasons thet than f) fur ofthe Conersonse to comply with any Apeabe Law brpliale Pernt or i) on acount of breach of any Appable Law or ‘elie Permit or fay cotract or) enforce ft Aereement, er (iene of any ofits rights unr ts Ageemet by he Auton, (ol The discovery of gesogelconstons, toi contamination or arhoesoge! femoins on the Ste that coud not reasonsby hve been expected to be Cdecovared hough te wspecton: or Ui) toy eventorccumsancs a nature aralogous ary ofthe foreglng niet Poti! Event Anindrect oles Event shal mean one or more ol he elowingat or vert, Lon 255) Ay Me,PUBLIC PRVATE PARTNERSAPIN HYBRID ANMUT PROMECTS [3] Anactofwar whether dered or undedtared, asin, ame conic or act Of foreign ena, Biscade, erDorgo, rt Insection, terrors oF mo ston ela commation or polity motivated sbeage (by any potial or exanomie phew cisurtonce, movement, stugale ox siniar ‘errrene wi could not have been ante or fresaen by 2 prudent pertom and whch eases the constuction or opeton of te Projet 10 be financially uniabeoraterwise not esse: (ed indusoyide or State-wide strikes ond acin fo 8 comirunus paid 1924 ent ou) hous and exceding an age period 7 seen) dys n fn Acconting Yar, (e(oaieres (e} fale of the Authoriy to permit the Conesionsire to continue its Consiton Works, th without moictos, nthe event of topage of such werk aftr dscoveryof any seep oF arhaea9peal fo Fr any (0) Any talure ordelay of» Contactor othe extent sed by any rect Pol Event and hie does rot rau any ffsetingconpensitien being payable to the Conetsionsr bya behalf of such Contacte (@)—_Anyinec ois Event that cans a Non Fata vento” (ty Any eventor cumstances et nature ralogoust any ofthe foregoing Potts Event ‘Poca Event tall mean one or mor of he flowing ts events byar an secount of any Government rtrrenty @ @ oy 0 Change i Law, ony consequences heen anne be deat with unde nd in cordance withthe provisions of tile 35 and ts effect, ofan trms, fveeds the su specie in ise 35. Compusony acquisition in ton interest or exprgcation of any Projet set or hs ofthe Concession rf the Contactors Lawl or urauthrse or witout jreton evocation of or rei! t0 by he concessasie or any ofthe Contato perform ther respective ‘betions under this Aayement and the Project Agreements; proved that for doy, modification, deal eu! or reversion ail et res from the Conessonare’s or any Contacts maby o fore to comp ith any onion clang to gro mantranceorrenevol of such earace, ens, buthorzation no bjtian cette exemption cnsent, 2pprovalo er doy aro deny of omar bt ony 0 eer ae no, Poles Cert on ch dou ot nt may ng conga An toronto teConcesioate yor on sta Cnt ‘ay event or dteunstaner ofa nature aalogous toon ofthe Fore “Ste of GSR Papi ras (Coma cee NTE wea im Taw 0 eet ny oo iy ie285 Duty torepor Force Majeure Event 285.1 Upon accrrance ofa Force Majeure Event, the Aleta Pay shall by ntce report ‘ch ocerence tthe other Paty forthuth, Any tice ursuant Reet sal ince fullpatcrsot |a) The nature an extent of eon Force Majeure Ect whith ihe subjeet of any Clam or ree unde hs Acie 28 ith evidence spar threo |b) The estmated drain andthe ell or probsna flor whem such Force eure Evert shaving or wl veo the Alec Party's evormance fe gars undr ts Agreement: Ic) the measure which the Afeted Party ‘ake oF proposes 1 take for evan the inact of en Force Majeure Even 3n (a) Anyosher formation relevant the Afaced Param 2852. The lectd Party shal ot te eed tay ol fo ara respect of Force Waleure vent unless shall have sti! the other Party of te cecrrence ofthe Force Iaoute tvent 36 soon as essonably praceebl, ord any evento ater than 7 Then) doy after he Aflete Paty knew or ought reatanay to have krown, of ts ‘occurence, and shall have gen partclrs of te protble materi effect thatthe Force Majeure Evenly to have on the perermance of its obligations ver this Agreement. 2853 For so long the Aflected Forty cmos to dam to be materially affect! by sch Fevce Mojere Even. it sha provide the ober Pty wt repr ard et less than twee) reoors conning sformation as requ by Chuse 2B 1, and such other infrmavion asthe other Paty ay reasonably request the ected Pry to provide 286 tlc of Force Majeure Event onthe Conesion 2861. Upon the ocurence of any Force Majeure Evert prior 10 the Aapolned Date, the prod set forth ncause 41 for ulentofContion Piceden ana cause 2. for achieving Financial Cloe sal e extended by 3 psc egua in leet to the dhraon ofthe Force Meeure Evert. 2662 at any tine after tba Appointed Dat, any Force Majeure Event oc (a) belore C09, the Conston Period andthe dts set forth the Projet Completion Schedslo tall le extended by 2 pod exua in Tenth 0 the tration for whch seh Free Majeure Evnt subst or (b) After COD, the Concestanae salle entles 0 eceve Army Payments hus Totes ead payatie under this Agree. ‘rovded any payment to be made under this cause shall be subect to {aduction of otstaning des ofthe thr a 28.7 Allocation of cons aising aut of Force Majoure ssn cats orst men tg orate ee [ae ge iia wa [anim Rae ER aE C7 Sage input 28 88) 0 ye Ars Mae at 3PUBLIC PRVATE PARTRERSAIP IN HYBRID ANMUTY PROMECTS 2672. Upon sentence ofa Fcc Majeure Event ater the Appt Date the costs nore ane atte to such event and iret retin othe Poet (the “Force Majeure Costs" sal be alloted ane pai fais: (ol wpon oeurene of Non Plea! Even, the Parts sha ea he respective Force Wojere Cot and ether Party sal be regied Yo pay othe ether Party ay eos there (enon oeeurance of an Intact Plea Even, al Force Mijure Costs [rtutble to sch ndrect Plat Event, ad nt exceeding the surance ‘Cover or such adret Petal vert, shall be ore bythe Concessions tothe entent ore Majeure Coste reeds ns'zae Cover, oe hao ich ‘vcs eur shalleremborsed bythe Authority othe Concessions nd (6) Upon occurance of 4 Polta! Event al Force Nejeure Costs atbuable to ‘sch iia ven sal be ribursedby te auton othe Concessanae For the avldance of dott, Force Mou Cost may ncluse iatret payments on Debt De, O&M expenses, any nceasa nthe cost of Construction Works on account of Inftin end acer costs dest tual tothe Foe Meeure Event, bt shall ot med any costs which ae expres cover under ay pews of hs areement or dtr payment blastone, se for detaining sich casts, ifraton contained in ‘the incl Package iy be rel pont the ett thatsuch nfrmaton sree 2873 Sov and except a expres provided in hs Arve 28, ther Paty hal Tae my manner wnetsoever ote other Pry ln respect fanless, damage, ost expense Shins, demands and proteins reaing fo or aig out of ocuaence or exstence of Sy ove Hojeure Evento exercise of ny ret pursue eo, 28.8 Termination Notice for Force Majeure Event Ir Force Majeure sont subs fr a pid of 180 (ne hundred an ep ars oF ‘nor within a cmtnvous prod of 365 (vee hundred ad sty vldays ther Prey Inari its dcetion terminate tis Agterent by ising Termination Note to the Der arty that alg ble in aty manner Whatioeer, soe as provided inthis hele 28 ond ueon lave of such Termnaton Notee, this Agreement. sho hotwthstanding nyt to the contrary eantaines herein, stané terminate Forth povided tat before sing such Termsnation Noda, the Party intending to 5 the Termination Note si infor theater Fay of sch retin and rat 35 (eer) days ome to make a reproremtaton and may after the xa of uch 35 (Ree) os petiod whether rat Ris In rece of Suh epresentatn, nis sl retin Ie 28,9 _Tesmination Payment for Force Majeure Event 249.1 1 Termination Is on account of 2 Non Petia Event he Authority shal make 3 ‘erminaon Payee othe Coneessonsiein ap arnt tbe calculated a5 unser () Preetwco0: fe Poymer tone ‘Boake of eaeltionfortmination payment”) x Payment Miestona” [90 Deb Ove or L5H of Bea Proget Cos, whichis EYower fh « ed Payment SI Dsbt Ove or 55% of 8a Proje Cost, which four} Ry) “Tee of Gils pel apr type mma Be Dib o MU Kiso? na Ke ay ‘ngs ob ay Ms Pasaset ander NDP eae Rea 3& puauc Pawar [5 Poymest WIGIon | 90 Deb Bs 37S of wi rows Cot, whichever ower ‘an Pier lesion [BH Debt Du or 3030 of id Prat Cost whichever slower Btn Payment Missions [BO Geb Du or 965K of Gd Proect Cost whicheer slower For the avidance of dou, is cai that in eae of ermnation happening inbetween two Payment estore, forthe purpose fealestion of Oct us, the milestone achieved woul only be consiere; provided further the above pave so eaeltes above shall Be reduced by stance Cove, i) tn case Termination oxsore on or after COD, the Authority shall make 2 “Termination Panetta the Corcesionaire in an ancunt equa to 75% (eveny fe percent of rat Payments rena npc fr and in respect ofthe remaining Concession Penod clung interest theeon upto the Tastes Date. Provided futher the above parents ealeust above shal be reduced by Insurance Cover 2892 1 Teminaon son account ofan inet Poitcal Evan th Authority shall make = Termination Pent tothe Coneessonaiein an amount eq: (tase termination acu gir C00! (@) okt ove payment see as er the tate below ess siance Cover res that fay rane me fori at af te surance Covet ret dtd ed pai ten 6 (ty perce] of such unpalcirs Sl be induced in the computation of alt Due Fuster the Debt Due ‘would be cndted perth able prove ow Payment tone Taio alelton forbebtBve paver ‘BebLGue or 15DKat Be Projet Cost, whchaver soe ‘Debt Oe or 10s0H oF Bi Propet Cost, whichever lower Nlezone 5" byment iesione | DUES 19Son of Bi Propet Co, whichever wove Payment histone [Bebt Ouro 53.75% of Be Proper Cos. whichever Flower ‘Sik Parent lestone [Bebt Due or 40.50% of Bie rowet Cost, whichever blower Forte boience of ub, Re earfed that incase of termination appering in berweon twa Payment Mitton, forthe purpose of Caleunton af Debt Due, the milestone achieved would only be feosiered and [by 220% one munded ander per cont ofthe Aste Ey, Li) tn case Temination exzuet on oF aftr COO, th Authority shall make = TesminatonPeyment to the Concersonaie nan amount equal 030% ety pcan) of fanuty Payments remeining impair ané in respect of the Fomoinng Concession Period including terest the eon up tthe Trnster Date 2883 1 Terminatonis on acount of Pola Event the Author shal make a Teminatin Payment to the Conceslonae nan runt that woul be payable under Chuse 3.335 asi itware an AutostyDetaute eo ‘Sime of reed apie Uap pps (Cres a Dh eo Kw ae 8328.10 ran mn 8 PUBLIC PRVATE PARTNERSHIP IN HYBRID ANNUITY PROIECT Dispute resoltion nthe ant that he Paris are unable to atren good fth about the occurence or ‘ste of a Force Males Ever, such Dispute shal Beil sete in accordance ‘itn the Dapute Resolution Pocedre provides thatthe burden of prot 25 tothe currence or exstence of sch ore Hjeute Event shal be upon he Party diming ‘ef andr exces on acount of such Force Majeure Event Excuse fom perlomance of obligations Ife Affected Pry i eadeced whol or parally enable to perform its obleations tinder this Aaroemest Because of Farce Majeure Evert, sal Be excuse fom perfomance of suchas obigaon tothe exes nase o perform on account of ‘eh Farge Majeure Event provided tha a) The suspenson of perfomance sabe af ao gente scape and of no longer horton ean reasonaby eoued bythe Force Wajee Evert [b] the Alected Paty sal mae all easnable efor o mitigate hint damaae to theater Party arsng ou ofa 82 rest of existence or czurance of Sch Farce Majoute Evert and toca the meth de elgence; and le) Wenthe Aleta Pry bet resume pctrmance of ts bilson under ths Arete i shall pve tthe other Party tie that fet and sha promt resume penance ofr obgatons ewunde Deleted itso 208 ws Aral a Raton 84VATE PARTNERSHIP IN HYBRID ANNUITY PROJECTS ARTICLE 29 ‘COMPENSATION FOR BREACH OF AGREEMENT 284 Compensation fo delat by the Concesonsire Subject tothe provisions of Cause 294, i the event othe Concesinar Bing in ‘material bench or defatof te Aerenment sal py 0 the Authority by way of Compenston al ret costs seed or inured by te Author 33 consumes of Sch mater breech or dst, wth 20 (hit) days of rept of the demand ported by necessary particulars thereat provided tht no compensation shal be peble under ti Clouse 292 fr any mtr! bresch ordeal Ie respect of which Damages are expeisy speiied ane payable under fis Agreement or for any consequeril ses incre byte Authority. 222 Compensation or default by the Authorty Sabject tthe provisions of Caw 234, nthe evento he Autocity Beng in materi breath or dati ofthis Bgrerent at any tm ate the Apne Date, sal py to the concession byway of compensation al rect cass sulted or neve by the Concesonae s 9 consequence of uch matt Breoch odo win 30h) toy clei ofthe demand supported by ncesarypareulrs thereof provided hat no such compensation shal be payable fr any material teach or deft in respect of tahich Domages have Seen expres specie in hs Agreement. For the avoidance of ‘lout, compensation paybie may inde Interest payments on deb, GBM Eger, Sry insease In cial costs on aacount of infaton iad all ether costs direct buble to such maori beach er deft toll not elude fos of Anny Payments, det repayment obigptions o other consequent loses, los of prt PC Contactor hi, and for determining sich compersatin,inormation contains in ‘he ranclPacloge an the Franc Made may be reled pon t te extent is relevant 293 oeeted 294 Mitigation of costs and damage “he fect Prt shall mate al reasonable efforts to mitigate or Hit the ests and amagearsing ut ofr rarest of breach of Azcementby the othe Party. ‘Bape of Ge Parad Ur ys Con aves NICO a cna kms NBD het NIHR Ro S49 0 Ka ae (Uae ion tn Aye Reese or aa Sa tenso2a 303 or INERSANP I HYBRID ANNUNTY PROMECTS ARTICLE 30 SUSPENSION OF CONCESSIONAIRE’S RIGHTS Suspension upon Concesonare Default Luson occurence of 8 ConcessioneBefat, the Autor shal Be ented, without prejudice toe other rights ana remedies under ti AaomentIncusng ts rghs of Termination hereunder, to (a) suspend all gts of the Concessonale under this ‘grew, and purant hereto, and) etree such hs Ise and perform the ‘blgatons hereunder or authori any other prion to exe ox perform the sme on its bebal during such spencon (te “Suspension. suspension herunéer shall be ‘Fete frthrth upon ave of rainy the thoy tthe Concesioaite and nay tvtend upto a pag not excecng 180 one hundred and gty) day fom the dae of ‘sue of such nae provided tat Upon writen request Fom the Concessions and the Lnder? Representative, the Author shal eden theaters pero of 180 (one hundred an igh) dey further pois no exceecig90 (ninety es _utnortyt ae on behalf of Concession ‘uring the ped of Sasser, the Author salon teal of te Concsioni, Collet al evenaes ender sod inacordacs wh th Agrament and depst he sree ih the Esco Accor. The Authority stall be ented To make witharewas rom the ow Aco for mesting the OB Expenses a or meting the oss nue byt for vemadying an rein the aus of Sussersion, and thereafter for derayng the ‘wens space in Oause25 3. Dung the paid of Suspension hereunder, lights and bites vested In the ‘Conesionair in accrdanes wih he provslons of ths Aoement shal comin to ‘est inthe Concesinste an all things dane o actions take, hneuingexoendture incrred by the authority fer dectargne the ebigations > tha Cncesionsr under landin accordance with is Agesment andthe Peet Agyaemens, shal be deemed to fave been done or taken or andon behalf ofthe Conessioate andthe Concesonae Undetaes to indore the Authority fra eos neared- daring such period The ‘Concesinar hereby Kenses psu eet especie, the Auton o any oer peson authorized By it under Clee 303 to use during Sospenson a intelectual Property belonging 1 or lensed to the Coneassonae wi respect othe Project ans iedesgn. engineering, cnsrucion, operation ad maintenance and which 8 used oF {Heat bythe Cncessonsrsn performing blights snr the Agreement Revoation of Suspension Inte eet ha te Atty salve eed er th cute ot Superson wats pad nt ting 9 (ane eta th ite of Seon hohe aconternutn andre tcc er ‘Sutton aac foe utr ee ape the oy serine erevan eae te Sup ony meet hte aus Sven bowed mond er . Upon te corso heed he ences Dt wins ppt cezedne oo piney stom te et of Superson ety a ean 7%, Suspension forthwith and restore al rights ofthe Concessioware under this Agreement t icy a We aay RK 86