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TREATIES AND OTHER INTERNATIONAL ACTS SERIES 15-526 ________________________________________________________________________ LOAN GUARANTEE Agreement Between the UNITED STATES OF AMERICA and UKRAINE Signed at Kyiv May 18, 2015 with Annexes

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Page 1: LOAN GUARANTEE - United States Department of State · payable to USAID on the date USAID notifies the Borrower in writing that USAID is exercising this right and, in return, USAID

TREATIES AND OTHER INTERNATIONAL ACTS SERIES 15-526 ________________________________________________________________________

LOAN GUARANTEE Agreement Between the

UNITED STATES OF AMERICA

and UKRAINE

Signed at Kyiv May 18, 2015 with Annexes

Page 2: LOAN GUARANTEE - United States Department of State · payable to USAID on the date USAID notifies the Borrower in writing that USAID is exercising this right and, in return, USAID

NOTE BY THE DEPARTMENT OF STATE

Pursuant to Public Law 89—497, approved July 8, 1966 (80 Stat. 271; 1 U.S.C. 113)— “. . .the Treaties and Other International Acts Series issued under the authority of the Secretary of State shall be competent evidence . . . of the treaties, international agreements other than treaties, and proclamations by the President of such treaties and international agreements other than treaties, as the case may be, therein contained, in all the courts of law and equity and of maritime jurisdiction, and in all the tribunals and public offices of the United States, and of the several States, without any further proof or authentication thereof.”

Page 3: LOAN GUARANTEE - United States Department of State · payable to USAID on the date USAID notifies the Borrower in writing that USAID is exercising this right and, in return, USAID

UKRAINE

Loan Guarantee Agreement signed at Kyiv May 18, 2015;

Entered into force May 26, 2015. With annexes.

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LOAN GUARANTEE AGREEMENT

BETWEEN

THE UNITED STATES OF AMERICA

AND

UKRAINE

This Agreement ("Agreement") is between the United States of America (the "United States") and Ukraine ("Ukraine" or the "Borrower") (together the "Parties").

ARTICLE I. Purpose

Section 1.0 1. Purpose. The United States, acting through the United States Agency for International Development ("USAID"), plans to provide guarantees ("Loan Guarantees" or "Guarantees") for certain payment obligations with regard to new debt that Ukraine is expected to incur. This guarantee assistance program is intended to reinforce Ukraine's economic reform program, as supported by the International Monetary Fund, USAID,

and other members of the international community, support Ukraine's continued access to the capital markets, and provide external financing to Ukraine at affordable rates. The purpose of this Agreement is to set forth the rights and obligations of the Parties with respect to the guarantee assistance

program described herein.

ARTICLE II. The Guarantee

Section 2.0 1. Guarantee Obligations. Subject to the terms herein, US AID shall issue Guarantees with respect to the payment obligations of the

Borrower for Eligible Notes (as defined in Section 2.02 below). The Guarantees will guarantee one hundred percent (100%) of the Borrower's repayment of principal under Eligible Notes in an amount not to exceed an

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aggregate principal amount of one billion United States Dollars (U.S. $1,000,000,000) together with interest due thereon, for a period up to five ( 5) years from the date of issuance.

The Guarantees shall be issued in accordance with Title III of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2015 (Div. J, P.L. 113-235) and the Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of2014 (P.L. 113-95). The Guarantees constitute, as a matter of domestic U.S. law, obligations of the United States of America, and the full faith and credit of the United States of America is pledged for the full payment and performance of such guarantee obligations. The standard terms and conditions of the Guarantees issued hereunder shall be mutually agreed upon and published by the United States Government in Title 22, Chapter II, of the United States Code of Federal Regulations for the benefit of the holders from time to time of Eligible Notes as defined in Section 2.02 ("Noteholders").

Section 2.02. Eligible Notes and Terms. "Eligible Notes" are United States Dollar-denominated notes or bonds issued by the Borrower: (a) for the purposes of the guarantee assistance program described in Section 1.01 of this Agreement; (b) purchased by "Eligible Underwriters," as defined in Section 2.03; and (c) under such terms and conditions, documents and agreements as are in form and substance mutually agreed upon by USAID, the Eligible Underwriters and the Borrower, including, without limitation, offering circulars, note purchase or underwriting agreements, global notes and a fiscal agency agreement (such agreements in their final definitive form being referred to herein as the "Debt Agreements").

For purposes of subsection (c) above, USAID shall confirm its agreement as to the form and substance of the Debt Agreements prior to the commencement of marketing ofthe Eligible Notes (notwithstanding that certain pricing and other terms in the Debt Agreements will only be completed at or immediately prior to the Closing Date).

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Except as otherwise agreed in writing by the Parties, Eligible Notes shall have a term or maturity of five ( 5) years with interest paid on a regular basis and principal paid at maturity.

Section 2.03. Eligible Underwriters. Except as otherwise agreed in writing by the Parties, "Eligible Underwriters" are those institutions selected by Ukraine that: (a) purchase Eligible Notes directly from the Borrower with a view toward distribution to investors; (b) maintain a principal place of business in the United States and are subject to regulation under the laws of the United States (including registration as a broker-dealer under the Securities Exchange Act of 1934, as amended, and membership in the Financial Industry Regulatory Authority); and (c) are financially capable of serving as an underwriter for the issuance of Eligible Notes. The costs for the services of Eligible Underwriters shall be paid by the Borrower and may be paid from the proceeds of the Eligible Notes made available at the Closing Date.

Section 2.04. Installments. Except as otherwise agreed in writing by the Parties, Eligible Notes, and the Guarantees related thereto, shall be issued in one ( 1) installment.

Section 2.05. Final Date for Borrowing. The Guarantees shall be issued at the same time as the issuance of the Eligible Notes (the "Closing Date") and shall be evidenced on the reverse side of the global notes evidencing the Eligible Notes. Unless otherwise agreed by the Parties in writing, the final date for the Closing Date (and for the issuance of Guarantees under this Agreement) shall be thirty (30) days after the entry into force of this Agreement as set out in Section 7.01, and the final date to request the issuance of Guarantees under this Agreement shall be ten ( 1 0) days before the Closing Date.

ARTICLE III. Fiscal Agent

Section 3.0 1. Fiscal Agent. The fiscal agent for the Borrower shall be selected by Ukraine and approved by USAID and shall perform its duties pursuant to the terms of a fiscal agency agreement that is agreed to by the Borrower, the fiscal agent and USAID. The costs for such services shall be

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paid by the Borrower and may be paid from the proceeds of the Eligible Notes made available at the Closing Date.

ARTICLE IV. Conditions Precedent

Section 4.01. Borrower's Conditions Precedent.

(a) Procedural Requirements and Documentation. Except as otherwise agreed by USAID in writing, no later than the date of commencement of marketing of the Eligible Notes, the Borrower shall deliver, in form and substance satisfactory to USAID, the following:

(i) the fmal form of a legal opinion from the Head of the Legal Department of the Ministry of Finance of Ukraine attesting to the validity and enforceability of the Debt Agreements and related agreements, if any, and stating that such agreements have been duly authorized, executed and delivered and constitute legal, valid and binding obligations of the Borrower;

(ii) the final form of all documents required by the terms of the Debt Agreements and any related agreements to satisfy the conditions precedent therein;

(iii) the duly completed and signed Certificate and Request for Issuance of Guarantees in the form of Annex I;

(iv) a statement of the name of the person holding the office specified in Section 6.06 and those of any additional representatives, together with a specimen signature of each person so designated; and

(v) such other documents and representations as USAID may reasonably request with respect to the transactions contemplated by this Agreement.

(b) Additional Conditions. Additional conditions precedent to the issuance of any Guarantees are attached as Annex II. The United States shall determine prior to the commencement of

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marketing of the Eligible Notes whether the conditions have been satisfied consistent with Annex II.

Section 4.02. United States' Conditions Precedent. Except as otherwise agreed by Ukraine in writing, upon or prior to the issuance of the Guarantees, USAID shall deliver, in form and substance satisfactory to the Borrower and/or the Eligible Underwriters, such documents, certificates and opinions as may be reasonably required by the Debt Agreements.

Section 4.03. Satisfaction of Conditions Precedent and Notification. The issuance of the Guarantees shall be subject to the satisfaction of the conditions precedent consistent with the terms set forth in Sections 4.01 and 4.02 above, and, prior to the issuance of any Guarantees, USAID shall provide the Borrower with written notification that the issuance of the Guarantees can proceed.

ARTICLE V. Special Covenants

Section 5.01. Reimbursement and Subrogation. The Borrower agrees that ifUSAID makes any payment on the Borrower's behalf to or for the benefit of the Noteholders pursuant to the Guarantees, whether or not the Noteholders have applied to USAID for such payment and whether or not an event of default has occurred under the terms of a Debt Agreement ("Default"), the Borrower shall promptly reimburse USAID for such payment. US AID shall promptly inform the Borrower of any such payment.

If (i) USAID makes any such payment described above and the Borrower has not repaid USAID the full amount of such payment within thirty (30) days ofUSAID making such payment; (ii) USAID makes a similar payment on Borrower's behalf for any outstanding debt issued by Ukraine on May 16,2014, guaranteed by USAID (CUSIP: 903724Ak8) ("20 14 Guaranteed Debt") and the Borrower has not repaid US AID the full amount of such similar payment within thirty (30) days of USAID making such payment; or (iii) the Borrower informs USAID that it does not intend to service the Debt Agreements, or the corresponding debt agreements for the 20 14 Guaranteed Debt ("20 14 Debt Agreements"), in full, US AID has the right, but not the obligation, without prior notice to the Borrower or the

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Borrower's consent, to accelerate the debt owed to USAID by the Borrower as if the Borrower had defaulted on all future payments due under the Debt Agreements and the 20 14 Debt Agreements. If US AID exercises this right, the net present value of all unpaid principal and interest due under the Debt Agreements and the 2014 Debt Agreements shall be immediately due and payable to USAID on the date USAID notifies the Borrower in writing that USAID is exercising this right and, in return, USAID will assume the obligation to make all further payments due to the fiscal agent under the Debt Agreements and the 2014 Debt Agreements. The net present value shall be calculated using the U.S. Treasury rate.

For the avoidance of doubt, nothing in the immediately preceding paragraph shall affect the terms and conditions of the Guarantees or of the similar guarantees associated with the 2014 Guaranteed Debt. To the extent the foregoing provisions of this Section 5.01 conflict with the comparable provisions of the Loan Guarantee Agreement between the United States of America and Ukraine, signed at Washington on April14, 2014 (the "2014 LGA"), the Parties agree that the foregoing provisions shall supersede the comparable provisions of the 20 14 LGA.

In the event of a Default, by operation of this Agreement and USAID's position as Guarantor, USAID shall become subrogated to all the rights of the Noteholders against the Borrower in respect of the relevant payment.

Section 5.02. Late Payment Charge. In the event of a late payment of amounts due USAID by way of reimbursement for amounts USAID has paid on behalf of the Borrower, a late payment charge shall accrue on all such amounts. This late payment charge shall accrue to USAID under the same terms and conditions as late payment charges due the Noteholders, as such charges, if any, are prescribed in the Eligible Notes. For the avoidance of doubt, this late payment charge shall accrue on all amounts paid by USAID under the Guarantees, including any amounts in respect of late payment charges required under the Eligible Notes and the Guarantees.

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Section 5.03. Use of Proceeds. The Borrower shall not use the proceeds from the issuance of Eligible Notes for military or paramilitary purposes; provided that nothing herein shall prevent the Borrower from commingling the proceeds from the issuance of Eligible Notes with other sources of government revenue to finance general budgetary expenditures.

ARTICLE VI. General Provisions

Section 6.0 1. Consultation. The Parties shall cooperate to ensure that the purpose of this Agreement will be accomplished. With respect to matters relating to the selection of Eligible Underwriters and the fiscal agent referred to in Section 3.01, the issuance of Eligible Notes, the Debt Agreements and related matters, the Parties shall consult through their representatives identified in Section 6.06.

Section 6.02. Reports, Books and Records, Audit and Review. The Borrower shall, so long as the Eligible Notes shall be outstanding, or any claim under the Guarantees is outstanding, and for a period of three (3) years thereafter:

(a) furnish to the United States Government such information and reports relating to the Eligible Notes, the Debt Agreements, the Guarantees and this Agreement as may be reasonably requested;

(b) maintain, in accordance with generally accepted accounting principles and practices consistently applied by the government of Ukraine, books and records relating to the Eligible Notes, the Debt Agreements, and this Agreement. Such books and records shall be reviewed by the Accounting Chamber of Ukraine to the extent provided in the applicable laws of Ukraine; and

(c) afford authorized representatives of the United States Government the opportunity at all reasonable times to review such books, records and other documents described in this section.

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Section 6.03. Other Payments. The Borrower affirms that no payments or other benefits have been received and agrees that none shall be received by any official of the Borrower in connection with the procurement of goods or services financed under the Eligible Notes except fees, taxes or similar payments legally required in the territory of the Borrower.

Section 6.04. Remedies. The United States may suspend or terminate the issuance of Guarantees not yet issued after providing notice to the Borrower, taking into account the Parties' preference for resolving any issues through diplomatic efforts, ifthe United States determines:

(i) that the terms of this Agreement have been breached by Ukraine;

(ii) that the conditions precedent for issuing Guarantees set forth in Section 4.01 of this Agreement or any Annex hereto are not satisfied;

(iii) that there has been, after the date of signing hereof, a cessation of, or undemocratic transition from, the constitutional central government of Ukraine as it exists on the date of signing hereof (which for the avoidance of doubt shall not include any changes to the composition of the central government occasioned by the death, resignation, suspension or exclusion from office of any minister or ministers or other employee or employees of the government which are consistent with the continued functioning of the existing central government of Ukraine); or

(iv) that Ukraine has defaulted on or restructured any debt owed to or guaranteed by the United States, the International Monetary Fund, or the International Bank for Reconstruction and Development.

The issuance of any Guarantee by USAID, the payment by USAID to the Noteholders of any amounts pursuant to any Guarantee, the delay or failure of US AID to make any claim for payment, or the delay or failure of US AID to give its written approval to any acceleration of debt by the Noteholders (if

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such a right of acceleration is provided for in the Eligible Notes) shall not operate as a waiver by USAID of any rights accruing to USAID under this Agreement, the Debt Agreements or any Guarantee.

Section 6.05. Implementation Letters. USAID may from time to time issue implementation letters further describing applicable procedures concerning its implementation of this Agreement, or recording the agreement ofthe Parties on details of implementation ofthis Agreement (the "Implementation Letters"). For the avoidance of doubt, no such Implementation Letters shall affect the rights and obligations of the Parties hereunder without their express written consent.

Section 6.06. Representatives.

(a) For purposes relevant to the implementation of the technical and financial aspects of this Agreement, up to and including the issuance of the Eligible Notes, the Borrower shall be represented by the individual holding or acting in the office of the Deputy Minister of Finance of the Ministry of Finance of Ukraine, and the United States Government shall be represented by the individual holding or acting in the office of Director, Office of Development Credit, USAID.

(b) Each Party, by written notice, may designate additional representatives. Either Party may accept as authorized any instrument signed by such representatives of the other Party in implementation of this Agreement, until receipt of written notice of revocation of their authority.

Section 6.07. Communications. Any notice, request, document or other communication submitted by either Party to the other Party under this Agreement shall be in writing or by telegram or cable, shall refer to the Ukraine!USAID Loan Guarantee number found on the agreed final form of Annex I, and shall be deemed duly given or sent when delivered to such Party at the following addresses:

To the Borrower:

Ministry of Finance - Ukraine

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Attention: Artem Valentynovych Shevalev Deputy Minister of Finance of Ukraine for European Integration

12/2 Grushevskogo Vul.

Kyiv, Ukraine 01008

To the United States Government:

United States Agency for International Development

Office ofDevelopment Credit, Room 2.10

1300 Pennsylvania Avenue, N.W.

Washington, D.C. 20523-0214

with a copy to:

United States Agency for International Development

4 Igor Sikorsky Street

Kyiv, Ukraine 04112

All communications shall be in English, unless the Parties otherwise agree in

writing.

Section 6.08. Taxation and Duties. This Agreement, the Eligible

Notes and the proceeds therefrom shall be free from any taxation or fees

imposed under laws in effect in Ukraine as of the date this Agreement enters

into force or after such date.

Section 6.09. Annexes. The Annexes to this Agreement constitute an

integral part of this Agreement.

ARTICLE VII. Entry into Force

Section 7.01. Entry Into Force. This Agreement shall enter into

force on the date of the later notification in an exchange of written

notifications in which the Parties notify each other that their respective

domestic legal requirements for entry into force of the Agreement have

been fulfilled.

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DONE at Kyiv, this 18th day of May, 2015, in duplicate, in the English language. A Ukrainian language version shall be prepared which shall be considered equally authentic upon written confirmation between the Parties of its conformity with the English language version.

FOR THE UNITED STATES OF AMERICA:

USAID Mission Director

FOR UKRAINE:

By:~ H.E. Natalie Jaresko

Minister of Finance of Ukraine

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NOTE: Ukrainian language version of this agreement attached that is considered equally authentic with the English language version by exchange of notes at Kyiv June 4 and 12, 2015.
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ANNEX I

TO THE

LOAN GUARANTEE AGREEMENT

BETWEEN THE UNITED STATES OF AMERICA

AND UKRAINE

Ukraine!USAID Loan Guarantee No. ---

CERTIFICATE AND REQUEST FOR ISSUANCE OF LOAN GUARANTEES

Ukraine (the "Borrower"), pursuant to the Loan Guarantee Agreement dated as of , 2015, between the Borrower and the United States of America (the "Agreement") hereby requests the issuance of Loan Guarantees (as defined in the Agreement) covering the principal amount of U.S. [$1,000,000,000] and related interest thereon. The estimated date for the issuance of the Eligible Notes (as defmed in the Agreement) benefitting from the Loan Guarantees is . In connection with this request, the Borrower hereby certifies that it is in full compliance with the terms of the Agreement.

Ukraine

BY: -------------------------TITLE: ----------------------DATE: __________________ _

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ANNEX II

TO THE

LOAN GUARANTEE AGREEMENT

BETWEEN THE UNITED STATES OF AMERICA

AND UKRAINE

Whereas this Loan Guarantee Agreement is intended by the Parties to support economic reform that will help revitalize economic activity and broaden economic opportunities for Ukrainian citizens; and

Recognizing that Loan Guarantees issued under this Agreement would have the greatest effect if they are part of a broader reform initiative coordinated by the Government of Ukraine ("Ukraine");

The following economic reform conditions address expected reforms under an International Monetary Fund program in the areas of macroeconomic stability and financial sector reform, the social safety net, energy sector reform, and anti-corruption reform. Unless otherwise agreed by USAID in writing, these conditions shall be satisfied not later than the date of commencement of marketing of the Eligible Notes.

1. Ukraine shall fulfill all IMF prior actions of economic reforms and macroeconomic policies necessary to obtain Board approval of the new Extended Fund Facility (EFF) Arrangement. Ukraine shall provide to USAID written verification of its intent to remain in compliance with the EFF.

2. Ukraine shall affirm in writing that proceeds from the U.S. loan guarantee will contribute to social spending to help protect the most vulnerable Ukrainians from the impact of necessary economic adjustments, including continued reductions in untargeted energy subsidies. Ukraine shall submit to the IMF a plan to merge its existing social benefit programs for protecting vulnerable families

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from the impact of gas price increases, with the goal of improving targeting and coverage. Ukraine shall affirm in writing its commitment to work with the IMF and World Bank to bring the plan into line with commitments it has made to the IMF in the Memorandum of Economic and Financial Policies and with the Gas Sector Reform and Implementation Plan developed in cooperation

with the World Bank.

3. Ukraine acting through the Cabinet of Ministers of Ukraine shall adopt a plan to reform the gas sector that meets World Bank and IMF requirements, including: (i) unbundling ofNaftogaz's main business lines (transmission, storage, and gas sales); and (ii) improving transparency in gas distribution via audits of distribution companies and of metering throughout the gas chain.

4. Ukraine shall prepare and submit to parliament legislation consistent with the Gas Sector Reform and Implementation Plan developed in cooperation with the World Bank and Ukraine's commitments to the IMF that provides the framework for: ( 1) third party access to gas infrastructure, (2) approval of methodologies and tariffs relating to the gas market by the energy and utility regulator, and (3) free and fair competition in the gas market through price liberalization. Ukraine shall provide to USAID a plan and timetable for passing and implementing this legislation. Ukraine shall also provide to USAID a plan and timetable for submitting to parliament, passing, and implementing legislation that authorizes the national energy and utility regulator to act independently. Ukraine shall also provide written affirmation of Ukraine's intention to implement all of the referenced legislation in accordance with best practices as described in the Treaty Establishing the Energy Community, to which Ukraine is a party, and relevant EU policy guidelines.

5. Ukraine shall take steps to ensure that an adequate budget is provided and appropriate premises will be made available for the National Anti-

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Corruption Bureau of Ukraine (NAB). Ukraine shall provide USAID with an update on progress towards appointing the NAB director and establishing a team of experts to prepare analytical materials for future detectives. Ukraine shall also provide USAID with an update on progress in establishing the National Agency on Prevention of Corruption (NAPC).

6. Ukraine shall affirm in writing that it has adopted legislation and provide a copy of such legislation which strengthens the asset disclosure process in line with the government's stated commitment in the IMF Memorandum of Economic and Financial Policies (MEFP). Ukraine shall also affirm in writing its commitment to take any further steps necessary to strengthen the asset disclosure process, as identified by the IMF, in the areas outlined in the MEFP: (i) ensure that asset disclosures for the high-level officials include information on beneficial ownership and control of any funds or other assets, both foreign and domestic; (ii) prohibit, except as expressly authorized by the Constitution or such legislation, officials from receiving any gifts and other advantages, and from receiving any salary or emoluments other than for their official functions; and (iii) ensure that the NAPC can use its power to monitor and control the reliability of these asset disclosures. Ukraine shall provide to USAID a plan and timeline for identifying and taking these steps to strengthen the asset disclosure process, in cooperation with the IMF.

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KOpHCTb ,L(ep)l(aTeJiiB IlpHHHHTHHX 06Jiirau:iH qac B\z:\ qacy, HK QeH TepMiH BH3HaqeHO B IlYfiKTi 2.02, (.D:aJii - «~ep)l(aTeni o6nirau:iH»).

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flyHicr. 2.02. flpHifH.SITHi o6niraui1 Ta YMOBH. «flpHMHHTHi o6niraui1» - ue o6niraui1,

,[(eHoMiHoBaHi B .[(onapax ClliA Ta BHrryrn.eHi rio3HqaJihHHKoM: (a) .[(JIH uineif rapaHTrnHoi rrporpaMH ,[(OITOMOm 3a3HaqeHoi y flyHicri 1.01 uid Yro.[(H; (b) rrpH.[(6aHi «flpHHHHTHHMH aH.[(epaifTepaMH», HK ueif TepMiH BH3HaqeHO B flyHKTi 2.03; Ta (c) 3fi.[(HO )'MOB, ,[(OK)'MeHTis Ta

,[(OfOBopis y <PopMi Ta 3a 3MicToM, B3a€MHO rroro,[()KeHHMH AMP ClllA, flpHHHHTHHMH aH,[(epaifTepaMH Ta fi03HqaJibHHKOM, BKJIIOqHo 3, aJie He 06Me)KyiOqHCb, rrpocrreKTOM eMiCil,

,[(OfOBOpis LUO,[(O rrpH.[(6aHHH o6nirauiif a6o aH,[(epaHTHHry, ,[(OfOBOpH lUO.[(O fJI06aJibHHX 06Jiirauiif a6o <}liHaHcoBoro areHTa (rrocHJiaHHH Ha TaKi .[(oroBopH B Yx ocTaToqHiif <PopMi 3,[(rnCHIOIOThCH B Urn Yro.[(i B HKOCTi «nOpfOBHX ,[(OfOBOpis»).

)J;JIH uineif rri.[(ITyHKTy (c) BHLUe, AMP ClliA rri.[(TBep,[()Ky€ 3fO.[(Y LUO.[(O <PoPMH Ta 3MicTy EoproBHX ,[(OroBopis ,[(O rroqaTKY MapKeTHHry flpHHHHTHHX o6nirauili (He3Ba)KaiOqH Ha Te, LUO

,[(eHKi ITHTaHHH rrpaifcHHry Ta iHrni )'MOBH B EoproBHX ,[(OfOBopax 6y.[()'Th TiJihKH 3aBeprneHi Ha )J;aTy 3aKpHTIH a6o Herai1Ho ,[(O Hei).

5IKLUO iHrne He 6yno rroro,[()KeHe CTopoHaMH B rrHChMOBili <PopMi, flpHHHHTHi o6nirauii MaiOTb CTpOK fiOfallieHHH y rr'HTb (5) poKis, 3 ITpOUeHTaMH, HKi CITJiaqyiOTbCH Ha peryJIHpHrn

OCHOBi Ta 3 BHITJiaTOIO OCHOBHOl Cj'MH y ,[(aTy ITOfallieHHH.

flyHKT 2.03. flpHMHHTHi aH.[(epaifTepH. 5IKLUO iHrne He 6yno rroro,[()KeHe CTopoHaMH B rrHCbMOBili <PopMi, «IIpHMHHTHi aH.[(epaifTepH» - ue Ti o6paHi YKpaiHo10 ycTaHOBH, rn.o: (a) rrpH.[(6aBaiOTb flpHMHHTHi 06Jiirauii 6e3ITOCepe,[(Hb0 B fi03HqaJibHHKa 3 fiO,[(aJiblliHM p03fiO,[(iJIOM

M~ iHBeCTOpaMH; (b) rri.[(TpHMyiOTb OCHOBHe Micue fOCITO,[(apcbKOl ,[(mJihHOCTi B CrronyqeHHX lllTaTax Ta rri.[(JIHraiOTh peryJIIOBaHHIO 3ri.[(Ho 3aKOHis CrronyqeHHX lllTaTis (BKJIIOqHo i3 peecrpaui€10 B HKOCTi 6poKep-.[(HJiepa 3fi.[(HO 3aKOHY ClllA rrpo UiHHi rrarrepH Bi.[( 1934 poKy 3i 3MiHaMH, Ta qJieHCTBOM B AreHTCTBi 3 peryJIIOBaHHH ,[(mJihHOCTi <}liHaHCOBHX ycTaHOB); Ta (c) € <}liHaHCOBO crrpOMO)KHHMH BHCTYflaTH B HKOCTi aH.[(epaifTepa ,[(JIH BHITYCKY flpHHHHTHHX o6nirauiif.

BHTpaTH Ha rrocnym flpHMHHTHHX aH,[(epaifTepis crrnaqyiOThCH rio3HqaJihHHKOM Ta MO)K)'Th 6yrH CITJiaqeHi i3 Ha,[(XO,[()KeHh Bi.[( flpHHHHTHHX o6nirauiif, ,[(OCTYfiHHX Ha )J;aTy 3aKpHTTH.

flyHKT 2.04. TpaHrni 5IKLUO iHrne He 6yno rroro,[()KeHe CTopoHaMH B rrHChMOBili <PopMi, flpHMHHTHi o6nirauii Ta fapaHTii: ITOB'H3aHi 3 HHMH, BHITYCKaiOTbCH O,[(HHM (1) TpaHllieM.

flyHKT 2.05. OcTaToqHa ,[(aTa 3aiT03HqeHHH. rapaHTii BHITYCKaiOTbCH O,[(HoqacHO i3 BHITyCKOM flpHHHHTHHX o6nirauiif (.[(aJii - <<)l;aTa 3aKpHTTH») i3 rrepe,[(aBaJibHHM HaiTHCOM Ha

3BopoTi mo6anhHHX o6nirauili, rn.o 3acBi.[(qyiOTh I1pHi1HHTHi o6niraui1 5IKLUO iHrne He 6yno ITOfO,[()KeHe CTOpOHaMH B ITHCbMOBrn <l>opMi, OCTaToqHa ,[(aTa )J;aTH 3aKpHTTH (Ta BHITYCKY fapaHTrn

3a Ui€10 Yro,[(OIO) HaCTa€ qepe3 TpH.[(UHTb (30) ,[(His 3 ,[(aTH Ha6paHHH qHHHOCTi uid YrO,[(H, HK 3a3HaqeHO B flyHKTi 7.01, Ta OCTaToqHa ,[(aTa ,[(JIH 3aiTHT)' Ha BHITYCK fapaHTrn 3a Ui€10 Yro,[(OIO HaCTa€ 3a ,[(eCHTb (10) ,[(His ,[(0 )J;aTH 3aKpHTTH.

CTATT5I III. <I>iHaHCOBHM areHT

I1yHKT 3.0 1. <l>iHaHCOBHM areHT. <l>iHaHCOBHM areHT ,[(JIH fi03HqaJibHHKa 06Hpa€TbCH YKpaiHoiO Ta rroro,[()KYE:ThCH AMP ClllA i BHKOHYE: CBOI3o6oB'H3aHHH 3ri.[(Ho )'MOB ,[(oroBopy

LUO.[(O <}liHaHcoBoro areHTa rroro,[()KeHoro rio3HqaJibHHKOM, <}liHaHCOBHM areHTOM Ta AMP ClliA. BHTpaTH LUO.[(O TaKHx rrocnyr crrnaqyiOThCH ITo3HqaJihHHKOM Ta MO)Kj'Th 6yrH BHrrnaqeHi 3a paxyHOK Ha,[(XO,[()KeHb Bi.[( IJpHHHHTHHX06JiiraUiif, ,[(OCTYfiHHX Ha )J;aTy 3aKpHTTH.

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CTATI.51 IV. I1orrepe,llHi )'MOBH

IJyHicr 4.01. IJorrepe,llHi )'MOBH ,llJUI f103HqaJibHH.Ka.

(a) I1pouecyanbHi BHMOru Ta ,llOK)'MeHTH . .51K~o iHrne He 6yno rroro,~UKeHe AMP ClllA

B ITHCbMOBlli: cpopM~ He rrrmirne HK ,[1,0 rroqaTK)' MapKeTHHry IJpHMH}ITHHX o6niraglli:

I1o3uqanbHHK Ha,ll,a€, y cpopMi Ta 3a 3MiCTOM 3a,ll,oBirrbHHM ,ll,JIH AMP ClllA,

HacTyrrHe:

(i) OCTaTOqHy Bepcno IOpH)J;HqHOfO BHCHOBK)' .[(upeKTopa lOpH)J;HqHoro

)J,errapTaMeHTY MiHicTepcTBa cpiHaHciB YKpaiim, HKHM rri,ll,TBep,ll,)l()'€ qnHHicTb

Ta MO)I(JIHBiCTb BHKOHaHHH B rrpHM)'COBOM)' 110pH,ll,K)' EoprOBHX ,ll,OrOBOpiB Ta

110B'H3aHHX )J;OrOBOpiB, ID\.~0 TaKi 6y,ll,yTb, Ta 3a3Haqa€, ~0 TaKi )J,OroBOpH

6ynu HaJie)I(HHM qnHOM CaHKUiOHOBaH~ )'KJia)J,eH ~Ha)J,aH i Ta CTaHOBJI}ITb

3aKOHH~ qnHHi Ta 060B '}13KOBi )J,Jl}l I103HqaJibHH.Ka 3060B '}13aHHH;

(ii) ocTaToqHi Bepcil ycix ,ll,OKyMeHTiB, Heo6xi)J,Hux 3ri,ll,Ho yMOB EoproBux

)J,OrOBOpiB Ta 6y,ll,b-}IKHX 110B '}13aHHX ,ll,OrOBOpiB )J,Jl}l BHKOHaHH}I rrorrepe,ll,Hix

)'MOB 3a3HaqeHHX B HHx;

(iii) HaJie)I(HHM qUHOM 3arroBHeHHH Ta rrmrrucaHHH CepTucpi.KaT Ta 3arrHT )J,Jl}l

BnrrycK)' fapaHTlli 3a cpopMOIO ,[(o)J;aT.Ka I;

(iv) iHcpopMaum ~o)J;o iMeHi rroca)J,oBol oco6u, 3a3HaqeHoi' B I1)'HKTi 6.06, Ta iMeH

6y,ll,b-HKHX )J,O)J,aTKOBHX rrpe,[J,CTaBHHKiB, pa30M 3i 3pa3.KaMH rri)J,rruciB KO)I(HOI

)'110BH0Ba)l(eHOIOC06H;Ta

(v) iHwi TaKi ,ll,OKyMeHTH Ta 3a}IBH, }~Ki AMP CiliA MO)I(e o6rp)'HTOBaHo

3arruT)'BaTu y 3B'}I3K)' i3 TPaH3aKUffiMu rrepe,ll,6aqeHHMH ui€10 Yro,ll,OIO.

(b) )lO,llaTKOB i )'MOBH. ,[(o)J,aTKOB i rrorrepe,ll,H i yMOBH )J,Jl}l BHIT)'CK)' fapaHTlli )J;O)J,aH i }IK

.[(o,ll,aTOK II. CiliA Bnpirn)'IOTb, ,ll,O rroqaTKY MapKeTHHry I1puuH}ITHHX o6niraulli, qu

6ynu BHKOHaHi yci )'MOBH 3ri)J,HO ,[(o)J,aTKy Il.

I1)'HKT 4.02. I1orrepe,llHi YMOBH ,llJIH ClllA . .51K~o iHwe He 6yno rroro,ll,)l(eHe YKpaiHoiO B

ITHCbMOBlli: cpopMi, ,[1,0 a6o Ha MOMeHT BHIT)'CK)' fapaHTlli , AMP ClliA Ha)J,a€, )' cpopMi Ta 3a

3M icTOM, 3a)J,OB irrbHHM )J,Jl}l f103HqaJibHH.Ka Tafa6o IJpHMH}ITHHX aH,[J,epaMTep iB, TaKi ,[1,0 KyMeHTH,

cepTHcpi.KaTH, BHCHOBKH, HKi o6rp)'HTOBaHO MO)I(yTb 3al1HT)'BaTHC}I 3a EoprOBHMH ,[I,OrOBOpaMH.

I1)'HKT 4.03. BuKOHaHH}I rrorrepe,llHix )'MOB Ta rroBi,llOMJieHH}I. BurrycK fapaHTlli 3aJie)I(HTb

Bi)J, BHKOHaHH}I rrorrepe)J;Hix )'MOB, 3a3HaqeHHX )' IJ)'HKTaX 4.01 Ta 4.02 BH~e, Ta ,[1,0 Ha)J,aHH}I 6)',ll,b­

}IKHX fapaHTlli, AMP CiliA Ha,ll,a€ I1o3uqanbHHKY rroBi)J;oMneHH}I y rrucbMOBlli cpopMi, ~o Ha,ll,aHH}I

rapaHTll MO)I(e Bi)J,6yTUC}I.

CTATI.51 V. CrreuianhHi 3o6oB'}I3aHHH

I1)'HKT 5.01. Bi,lJ,rnKO,ll)'BaHH}I Ta rrepexi,ll rrpaB. I103uqaJibHHK rroro.LPKy€TbC}I, ~o, }IK~o AMP ClllA 3,ll,lli:cHHTb 6y,ll,b-}IKHM rrnaT~ Bi)J, iMeHi I103uqanbHH.Ka .[(ep)l(aTeJI}IM o6niraulli qu Ha

'ix KOpHCTb 3ri,ll,HO 3 fapaHTffiMu, He3aJie)I(HO Bi)J, Toro, qu 3BepTanHC}I .[(ep)l(aTeni o6niraulli ,ll,O

AMP ClllA 3a TaKHM rrnaTe)l(eM, i He3aJie)I(HO Bi)J, Toro, qu HacTaB BHITa,ll,OK HeBHKOHaHH}I

3o6oB'}I3aHb 3ri,ll,HO 3 yMOBaMH EoproBoro ,ll,oroBopy (,ll,ani - «HeBHKOHaHH}I 3o6oB'}I3aHb»),

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I103uqanbHHK HeraiiHo si,n;IIIKO,D,osye TaKHii nnaTDK AMP ClllA. AMP CUIA HeraiiHo nosi,n;oMJlH€

fi03HqaJibHHKy npo 6y,D,b-HKHH TaKHH nJlaTDK .

.51Krn;o: (i) AMP CUIA 3,D,rnCHHTb 6y.n.h-HKHH TaKHii nnaTDI<, HK onucaHo surn;e, i

Ilo3uqaJibHHK He si.n;IIIKo.n.ye AMP ClllA CYMY TaKoro nnaTe)l(y y nosHoMy po3Mipi npoTHrOM TPH.D.IJ,HTH (30) ,D,His 3 MOMeHTY 3,D,rncHeHHH AMP ClllA TaKoro nnaTe)l(y; (ii) AMP CUIA 3,D,rnCHHTb aHaJIOfNHHH llJlaTDK si,n; iMeHi f103HqaJibHHKa IIJ;O,ll,O 6y,D,b-5IKOfO HenoraiiieHOfO

6oprosoro 3o6os'H3aHHH, sunyrn;eHoro YKpaiiioiO 16 TpasHH 2014 poKy, rapaHTosaHoro AMP ClllA (CUSIP: 903724Ak8) (.n.ani - <<I'apaHTosaHuii 6opr 2014 poKy»), i Ilo3uqanhHHK He

si.n;IIIKo.n.ye AMP ClllA y nosHoMy po3Mipi CYMY TaKoro aHanoriqHoro nnaTe)l(y npoTHroM TPH.D.IJ,HTH (30) .n.His 3 MOMeHzy 3,D,rncHeHHH AMP ClllA TaKoro nnaTe)l(y; a6o (iii) Ilo3uqanbHHK nosi,n;oMHTb AMP CUIA npo Te, rn;o siH He Mae HaMipy o6cnyrosysaTH Eoprosi .n.orosopu qu

si,n;nosi,n;Hi 6oprosi .n.orosopu 3a fapaHTosaHHM 6oproM 2014 poey (.n.ani- «noprosi .n.orosopu 2014 poKy») y nosHOMY o6cH3i, AMP ClllA Mae npaso, ane He 3o6os'H3aHe 6e3 nonepe,D,Hboro llOSi,n;OMJleHHH f103HqaJibHHKY qH 3fO,ll,H f103HqaJibHHKa SHMaraTH ,D,OCTpOKOSOfO noraiiieHHH 6opry Ilo3uqaJibHHKa nepe.n. AMP CUIA, HKe AMP C lliA Mano 6, HKIIJ;O Ilo3uqanhHHK He SHKOHysaB 6H 306os'H3aHH51 IIJ;O,D,O 3,D,rnCHeHH51 scix. Maif6yTHix llJlaTe)l(is, IIJ;O lli,D,JlUaiOTb CllJlaTi

3a EoprosHMH .n.orosopaMH Ta EoprosHMH .n.orosopaMH 2014 poKy . .51KIIJ;o AMP CUIA 3,D,rnCHHTb TaKe CSO€ npaso, qucTa llOTOqHa sapTicTb scix. HenoraiiieHHX llJlaTe)l(is 3a OCHOSHOIO CYMOIO Ta

npou,eHTaMH, rn;o ni.n;nHraiOTb cnnaTi 3a EoprosHMH .n.orosopaMH Ta EoprosuMH .n.orosopaMH 2014 poKy, HeraiiHo ni,n;nHrae cnnaTi Ta noraiiieHHIO Ha KopucTb AMP ClllA B .n.aTy, s HKY AMP CUIA nosi.n;oMHTb Ilo3uqanbHHKa y nuchMosrn <lJopMi npo Te, rn;o AMP ClllA 3,D,rnCHIO€ TaKe npaso, i s3aMiH Ha u,e AMP ClllA shbMe Ha ce6e 3o6os'H3aHHH 3,D,rncHHTH sci no.n.anhiiii nnaTe)l(~ rn;o HaJie)l(aTb .n.o cnnaTH Ha KopHCTb <PiHaHcosoro areHTa 3a EoprosHMH .n.orosopaMH Ta EoprosuMH ,ll,OfOSOpaMH 2014 poKy. lfii.CTa llOTOqHa sapTicTb p03paxosy€TbC51 SHKOpHCTOSYfOqH CTasKy u,iHHHX nanepis Ka3HaqeifcTsa ClllA.

,l.J;JlH YHHKHeHHH CYMHisis, )I(O,D,He i3 3a3HaqeHOf0 y nonepe,D,HbOMy a63au,i He SllJlHBa€ Ha YMOSH fapaHTrn qu aHanoriqHHX rapaHTiif, llOS'513aHHX 3 fapaHTOSaHHM 6oproM 2014 poKy. Y Trn

Mip~ S HKiif 3a3HaqeHi SHIIJ;e llOJlO)I(eHHH IJ,bOfO fiYHKTY 5.01 cynepeqaTb Bi,D,llOBi.n;HHM nono)l(eHHHM Yro.n.u npo rapaHTil 3ano3uqeHHH MDK YKpa"Ji.J:oiO Ta CnonyqeHHMH lliTaTaMH AMepHKH, ni.n.nucaHol y BaiiiHHITOHi 14 KBITHH 2014 poKy (.n.ani- «Yf3 2014 poKy»), CTopoHH llOfO,ll,)I(YfOTbCH, IIJ;O 3a3HaqeH i SHIIJ;e llOJlO)I(eHHH MaiOTb nepeSa)I(HY CHJlY Ha,LJ, B i,n;noB i.n;HHMH llOJlO)I(eHHHMH Yr3 2014 pOKy.

Y pa3i HacTaHHH HesuKoHaHHH 3o6os'H3aHb s cuny .n.il u,i€1 Yro.n.u i cTaTycy AMP CUIA HK fapaHTa .n.o AMP CUIA nepeXOMTb sci npasa ,l.l;ep)l(aTenis o6nirau,rn cTocosHo I103uqanbHHKa

rn;o.n.o si,n;nosi.n;Horo nnaTe)l(y.

IlYHKT 5.02. KoMicrn 3a 3aTQHMKY nnaTe)l(y. Y suna.n.Ky 3aTpHMKH sunnaTH CYM, IIJ,O

ni.n;nHraiOTb cnnaTi AMP ClllA lliJlHXOM si,n;IIIKo.n.ysaHHH CYM, HKi 6ynu sunnaqeHi AMP ClllA si.n. iMeHi Ilo3uqaJibHHKa, Ha sci TaKi cyMH HapaxosyeTbCH KoMicrn 3a 3aTpHMKY nnaTe)l(y. TaKa

KOMicrn 3a 3aTpHMKY nnaTe)l(y HapaxosyeTbCH AMP ClllA Ha THX caMux YMOsax, rn;o ii KOMici13a 3aTpHMKy llJlaTe)l(y, HaJie)I(Hi ,ZJ;ep)l(aTeJlHM o6nirau,rn HK TaKi KOMicit, 3a lx HaHSHOCT~ nepe.n.6aqeHi y IlpHHHHTHHX o6n irau, rnx. ,l.I;JlH YHHKHeHHH CYMH is is, KOM ic iH 3a 3arpHMKY nJlaTe)l(y HapaxosyeTbCH Ha yci CYMH, cnnaqeHi AMP CUIA 3ri.n.Ho fapaHTrn, sKJliOqHo i3 6y.n.h-HKHMH llJlaTe)l(aMH I.IJ,O,D,O KOMiCrn 3a 3arpHMKY llJlaTe)l(is, He06Xi,n;HHMH 3a fipHHHHTHHMH o6nirau, UIMH Ta

fapaHTUIMH.

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TIYHKT 5.03. BHKOpHcTaHH.ll Ha.uxo,IQKeHh. Tio3HqanhHHK He BHKOpHCTosye Ha.uxo,LOKeHH.ll

sm BHnycKy TipHHH.liTHHX o6nirau:iH AJI.ll BMChKOBHX a6o HaniBBMChKOBHX u:irrei1; 3a )MOBH, ~0 H~ B u:iH: Yro.ui He nepernKO,[()Ka€ Tio3HqaJ1hHHKY noe,n:HysaTH Ha,llXO,[()KeHH.ll sm BHnycKy TipHHH.liTHHX o6nirau:iH 3 iHWHMH ,D;)KepenaMH .n;ep)KaBHHX .n;oxo.n;iB AJI.ll <PiHaHcysaHH.ll 3aranhHHX

6IO,[()KeTHHX BH,D;aTKiB.

CTATI5l VI. 3aranhHi noJio)KeHH.ll

TIYHKT 6.01. KoHcyJihT)'BaHH.ll. CTopoHH cniBnpan;IOIOTh, ~o6 3a6e3neqHTH, ~o MeTa u:iel

Yro,n:H 6y.n;e .uoc.s~rHYTa. Y 3B'.li3KY i3 nHTaHH.liMH, ~o CTOCYJOThC.ll o6paHH.ll TipHHH.liTHHX aH,llepaifTepiB Ta <PiHaHCOBOfO areHTa, nepe,n:6aqeHOfO B llj'HKTi 3.01, BHnycKy TipHHH.liTHHX o6nirau:iH:, EoproBHX .n;orosopiB i nos'.s~3aHHX nHTaHh, CTopoHH KOHCYJihTYJOThC.ll qepe3 csolx.

npe,n:cTaBHHKiB, BKa3aHHX y TIYHKTi 6.06.

TIYHKT 6.02. 3simicTh, 6yxranTepchKi KHHm Ta 3anHCH, ay.UHT i nepem.li,[J,. Tio3HqaJihHHK, AOllOKH TipHHH.liTHi 06Jiiran;it € HenorarneHHMH a6o € HenorarneHOIO 6y,n:h-.l1Ka BHMOra 3a fapaHTrnMH Ta nepio,n:oM B TPH (3) poKH nicn.s~ norarneHH.ll:

(a) Ha.n;ae Yp.s~.n:y CiliA TaKy iH¢opMau:iiO Ta 3BirHicTh, .liKa MO)Ke 6YTH o6rp)'HTOBaHo 3anHTaHa ~o.n:o TipHHH.liTHHX o6nirau:iH, EoprosHx .uorosopiB, fapaHTiH Ta u:iel

Yro.uH.

(b) Be,n:e, smnosmHO AO 3afaJihHO llpHHH.liTHX npHHU:HniB 6yxranTepCbKOfO 06JiiKy Ta 6yxranTepchKOI npaKTHKH, ~o nocni.uosHo 3aCTOCOBYJOThC.ll yp.s~.n;oM YKpalliH, 6yxranTepchKi KHHm Ta 3anHCH ~o.n:o TipHHH.liTHHx o6nirau:iH, EoproBHX .n;orosopiB

Ta u:iel Yro.D:H. TaKi KHHm Ta 3anHCH neperJI.liAaiOThC.ll Pax)'HKOBOIO nanaToiO YKpaiim B Me)Kax, nepe.n;6aqeHHX 3aKoHaMH YKpaiim, ~o 3acTOCOBYJOThC.ll.

(c) Ha.n;ae MO)KJIHBicTh ynoBHOBa)KeHHM npe,n:cTaBHHKaM Yp.s~.n;y ClllA y 6yAb-.liKHH p03)'MHHH qac neperJI.ll,llaTH TaKi KHHrH, 3allHCH Ta iHrni ,llOK)'MeHTH, 3a3HaqeHi B

U:hOMY llj'HKTi.

TI)'HKT 6.03. lHrni nJiaTe)Ki. TI03HqaJibHHK nmTsep,LOKye, ~0 He 6yno OTpHMaHO )KO,D;HHX

nJiaTe)KiB a6o iHWHX BHfOA, Ta llOfOA)KYE:ThC.ll, ~0 ix He 6y.ue OTpHMaHO 6y,llh-.liKOIO llOCa,D;OBOIO oco6o10 Tio3HqaJihHHKa y 3B'.li3KY i3 3aKyniBneiO TOBapiB q11 nocnyr, ~o <PiHaHcysaTHMYThC.ll 3a

paX)'HOK TipHHH.liTHHX o6niran;iH, 3a BHH.liTKOM KOMiciH, llO,D;aTKiB qH no,n:i6HHX llJiaTe)KiB, .liKi 3aKOHHO BHMaraiOThC.ll Ha TepHTopii Tio3HqanhHHKa.

TIYHKT 6.04. 3aco6H 3aXHCTY. CiliA MaiOTh npaso npH3ynHHHTH q11 npHnHHHTH BHnycK fapaHTM, .liKi li.le He 6yJIH BHll~eH~ llO,llaBiliH TI03HqaJihHHKy llOBi,llOMJieHH.ll npo n;e,

spaxosYJOqH Te, ~o CTOpOHH Ha,n:aiOTh nepesary BHpirneHHIO 6y.n;h-.liKHX npo6neMHHX nHTaHh .uHnnoMaTHqHHMH 3YCHJIJI.liMH, .liKiliO ClllA BHpirnaTh:

(i) ~o J'MOBH u:iel Yro,n:H 6ynH nopyrneHi YKpaiiioiO;

(ii) He 6yJIH BHKOHaHi nonepe,n:Hi )'MOBH ,D;JI.ll BHllYCKY fapaHTiif, HaBe,D;eHi B Tij'HKTi

4.01 u:id Yro,n:H q11 6y.n;h-.liKOMY 3 ,D;o.n;aTKiB .n;o He·~

(iii) niCJI.ll ,n:aTH nmnHCaHH.ll U:ietYro,n:H MaJIO Micn;e llpHllHHeHH.ll a6o He,D;eMOKpaTHqHHH nepexm KOHCTHTYQMHOfO n;eHTpanhHOfO yp.s~,n:y YKpa'Iim, .liK BiH icHye Ha ,n:aTy nmnHcaHH.ll u:iel Yro,n:H (~o, AJI.ll j'HHKHeHH.ll Cj'MHiBiB, He BKJIIOqae )KO,llHHX 3MiH B

CKJia,n:i n;eHTpaJibHOfO yp.s~,n:y, ~0 CTaJIHC.ll 3 llpHqHH CMepT~ smcTaBKH,

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npH3YJIHHeHH.Sl a6o 3H»TI» 3 noca,ll,H 6y,ll,h-»Koro MiuicTpa(-iB) a6o iuworo

npau,iBuwKa(-iB) Yp»,ll,y, Ili,O si,ll,nosi,ll,aiOTh nO,ll,MhrniH: ,ll,rnJihHocTi icHyiO'Ioro u,euTpMhuoro Yp»,ll,y YKpaiim); a6o

(iv) YKpaiiia ue BHKOHaJla 3o6os'»3aHH» (,ll,onycTHJia ,ll,e<Pom) 'IH 3,1l,iHcuwna peCTpyKTypH3au,iiO Ili,O,ll,O 6y,ll,h-51KOfO 6opry, Ili,O icuye nepe,ll, a6o 51KHH 6YB rapauToBaHHH CiliA, MbKuapo,ll,HHM BaJIIOTHHM <Pou,ll,OM 'IH MbKuapo,ll,HHM 6auKOM

peKOHCTPYKIJ,ii" Ta p03BHTK)'.

BwnycK AMP CiliA 6y.l1.h-»Ko"i fapauTi~ BHnnaTa AMP CiliA }J,ep)[{aTeJI»M o6nirau,iH 6y,ll,h-»KHX CYM 3a 6y,ll,h-51KOIO fapauTi€10, 3aTPHMKa 'IH uecnpoMO)[{HicTh AMP CiliA no,ll,ani 6y,ll,h-»Ky npeTeH3iiO Ili,O,ll,O swnnaTH, '1M 3aTpHMKa 'IH ueMO)[{JIHBicTh AMP CiliA no,ll,aTH

llHChMOBe noro,ll,)[{eHH» Ili,O,ll,O 6y.l1.h-»Koro ,ll,OCTPOKOBoro noraweuu» 6opry }J,ep)[{aTeJI»MH o6nirau,iH (»Kili,O TaKe npaso ua ,ll,OCTpOKOBe noraweHH» nepe,l1,6aqeue IlpwH:u»THHMH

o6nirau,islMH) ue BBa)[{aE:ThC» si,ll,MoBOIO AMP CiliA si,ll, 6y,ll,h-51KHX npas, Ili,O HaJle)[{aTh AMP CiliA 3a u,i€10 Yro,ll,OIO, EoprosHMH ,ll,orosopaMH 'IH 6y.l1.h-»KOIO fapauTi€10.

IlyuKT 6.05. nwcTH npo BHKOHaHH51. AMP CiliA MO)[{e qac si,ll, qacy Ha,ll,aBaTH JIHCTH npo BHKOHaHH51, Ili,O ,ll,O,ll,aTKOBO 3a3Ha'lai0Th npOU,e,ll,ypH, Ili,O 3aCTOCOByiOThC51, Ili,O,ll,O BHKOHaHH51 HHM

u,iei" Yro,ll,H a6o <PiKCyiOTh ,ll,OMOBJieuicTh CTOpiu Ili,O,ll,O ,ll,eTMeii BHKouauu» u,iE:i" Yro,ll,H (AMi -«nwcTH npo BHKouauu»»). }J,n» yuwKHeHu» CYMHiBiB, TaKi nwcTH npo BHKouauu51: ueraTHBHO ue BllJIHBaiOTh ua npasa Ta 3o6os '»3auu» CTopiu 3a u, ie10 Y ro,ll,OIO 6e3 ua,ll,aHH» HHMH nHChMOBO"i

3f0,1l,H.

IlyuKT 6.06. Ilpe,llCTaBHHKH.

(a) }J,n»u,iJieH:, Ili,O CTOCyiOThC» peMhau, i"i TeXH i<Iu.Hx i <Piuaucoswx acneKTiB u, i€1 Yro,llH,

,ll,O MOMeHry BHllyCKY IlpHHH51THHX o6nirau,rn (BKJIIO'IHO) Il03H'IaJlhHHK npe,llcTaBJI»€ThC» <PhH'IHOIO oco6oiO, · »Ka 3aHMae noca,lly 'IH BHKouye o6os'»3KH

3acTyrrHHKa MiuicTPa <Piu~ueiB MiuicTepcTsa <PiuauciB YKpaiim, Ta Yp»,ll, CiliA npe,llcTaBJI»€ThC» <PhH'IHOIO oco6oiO, »Ka 3aHMae noca,ll,y 'IH BHKouye o6os'»3KH }J,HpeKTopa Bi,ll,lliJiy Kpe,llHTysaHH» po3BHTK)' AMP CiliA.

(b) Ko)[{ua CTOpoua, WJI»XOM ua,llaHH» nHChMOBoro nosi,ll,oMneuu», MO)[{e npH3Ha'IHTH

,ll,O,ll,aTKOBHX npe,llCTaBHHKiB. ny,ll,h-51Ka CTopoua MO)[{e npllliMaTH 6y,llh-51KHH ,llOKYMeHT, ni,ll,n.Hcau.HH: TaKHMH npe,ll,CTaBHHKaMH iuwo"i CTopouH ua BHKouauu»u,id Yro,ll.H, ,llOKH ue OTPHMa€ nHChMOBe nosi,ll,oMneuu» npo si,ll,KJIHKaHH» "ix llOBHOBa)[{eHh.

IlyuKT 6.07. IloB luOMJieHH51. ny,ll,h-51Ke llOB i,uOMJieHH51, 3allHT, ,llOKYMeHT a6o iu Wi

nosi,ll,oMneuu», ua,llaui 6y,ll,h-51KOIO CTopouoiO iuwiH CTopoui 3a u,ieiO Yro,ll,OIO, Ha,ll,aiOThC» y llHChMOBrn <l>opMi a60 TeJierpaMOIO, 'IH TeJierpa<l>oM, MicT51Th llOC.HJiaHH51 Ha HOMep fapaHTit

3an03H'IeHH» YKpaiiia/ AMP CiliA, »KHH MiCTHThC» ua norO,ll,)[{euiH ocTaTO'IHiH <l>opMi }J,o,ll,aTKa 1, Ta BBa)[{aiOThC» ua.n.au.HMH HaJle)[{HHM 'IHHOM '1M ua.n.icnaHHMH B MOMenT .n.ocTaBKH TaKiH CTopoui

ua uacTyrrui a.n.pecw:

Il03H'IaJlhH.HK)':

MiuicTepcTBO <PiuauciB - YKpaiiia

}J,o YBam: ApTeMa BaJleHTHHOBH'Ia IlleBaJlhOBa

3acTyrrHHKa MiuicTpa <PiuauciB YKpaiiiH 3 nwTaHh esponeH:chKO"i iuTerpau,ii

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ByJI. fpyrneBCbKOfO, 12/2 01008, KHiB, YKpaiHa

Yp~)J.y CiliA:

AreHTCTBo CiliA 3 Mrnmapo)J.Horo po3BHTKY

Bi,rmiJI Kpe)J,HTysaHH~ po3BHTKY, KThmaTa 2.10 1300 ITeHciJihBaHrn ABemo, N.W., MicTo BalllllHITOH, 20523-0214

3 Ha)J,aHH~M KOllit

AreHTCTBY CiliA 3 Mrnmapo)J.Horo po3BHTKY

syn. Irop~ CiKopchKoro, 4

04112, KHiB, YKpaiHa

Yci nosi)J.oMJieHH~ 3)J,MCHIOIOThC~ aHmiHchKOIO MOBOIO, ~Klll,o CTopoHH y nHChMOBiH ¢opMi He llOfOMThC~ npo iHIIIe.

I1YHKT 6.08. ITo,ZJ,aTKH Ta 36opH. l..VI Yro)J,a, ITpHHH~THi o6niral(ii" Ta Ha)J,XO,WKeHH~ 3a HHMH €: BiJihHHMH Bi)J. 6y)J.h-~KOf0 OUO)J,aTKysaHH~ a6o KOMiciM, BCTaHOBJieHHX B YKpaiH.i Ha )J,aTy

Ha6paHH~ qHHHOCTi L(ieiO Yro)J,OIO a6o nicn~ TaKOI )J,aTH.

I1YHKT 6.09. llo,ZJ,aTKH. ,ZJ:o)J.aTKH )J,O L(iel Yro)J.H cTaHOBJI~Th Hesi)J.'eMHY qacTHHY L(id

Yro)J,H.

CTAIT5I VII. Ha6paHH~ qHHHOCTi

I1YHKT 7.01. Ha6paHH~ qHHHOCTi l..VI Yro)J,a Ha6Hpae qHHHOcTi 3 ,ZJ,aTH ocTaHHhoro

nosi)J.oMJieHH~ B o6MiHi nHchMOBHMH nosi)J.oMJieHH~H, B ~KHX CTopOHH nosi)J.oMJI~IOTh O)J,Ha O)J,Hy npo Te, lli,O lxH i B i)J.noB i)J.H i IOpH,ll,HqHi BHYTP iiiiHhO)J,ep)l{aBH i BHMOfH lli,O)J,O Ha6paHH~ qHHHOCTi l.(i€:10 YrO)J,OIO 6yJIH BHKOHaHi.

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YllliHEHO y Kwesi Qboro 18-ro ,D,H~, TpasH~ Mic~Q~ 2015 poKy, s )J,BOX rrpwMipHMKaX

aHfJIMCbKOIO MOBOIO. flpMMipHMK yKpaiiiCbKOIO MOBOIO fOTYE:TbC~ Ta BBa)l(aTMMeTbC~ pisHO asTeHTM'IHMM rricn~ o6MiHy IIMCbMOBMM rri.r\Tsep,LPKeHH~M Mj)l( CTopoHaMM rrpo i1oro Bi.r\IIOBi.r\HiCTb i3 IIpMMipHMKOM aHfJIMCbKOIO MOBOIO.

3A YKP Ai'HY:

[rri.r\IIMC]

fli.r\rrwc: ________________________ ___

HaTaniH 51peCbKO MiHicTp <PiHaHcis YKpaiiiM

3A CITOJIYlfEHllliTATH AMEPI1KH:

[ IIi.r\IIMC]

fli.rlrrwc: ----------------------------E. )J;)I(e)J, I>apTOH ,[J;wpeKTop Micii

AMP ClllA

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liOliATOK I

~0

YfO,[(l1 ITPO f AP AHTII 3AIT03WIEHH51

MDK YKP AIHOIO

TA CIIOflYliEHI1Ml1 IllTATAMH AMEPI1Kl1

fapaHTis!: 3ano3HqeHH51 YKpaiiia/AMP ClllA N!! __

CEPTH<l>IKAT TA 3AITI1T ,[(fl51 Bl1IIYCKY fAPAHTIH 3AIT03WIEHH51

YKpaiiia (,!J;ani - «I103HqaJihHHK») Bi)J;noBi)J;Ho ,!J;O Yro,!J;H npo rapaHTil 3ano3HqeHH51 Bi)J;

______ 2015 poKy, yKJia,!J;eHol MDK ITo3HqaJihHHKOM Ta CnonyqeHHMH lllTaTaMH AMepHKH

(,!J;aJii - «Yro)J;a»), QHM 3BepTaE:ThC51 0 3allHTOM I.QO,!J;O BHnycKy fapaHTiH 3all03HqeHH51 (51K I.J,eH

TepMiH BH3HaqeHo B Yro,!J;O, I.QO noKpHBaiOTh ocHOBHY CYMY y po3Mipi [1 000 000 000] ,!J;onapiB

ClllA Ta Bi)J;noBi)J;Hi npoQeHTH 3a ocHOBHOIO CYMOIO. IIpH6JIH3Ha ,!J;aTa ));1151 BHnycKy IIpHHH51THHX

0611 iraQ ill ( 51K I.J,eH TepM iH BH3HaqeHO B Yro,!J; 0 3 BHfO)J;OlO B i)J; fapaHTiH 3all03HqeHH51 e ___ _

Y 3B'513KY 3 I.J,HM 3anHTOM II03HqaJihHHK I.J,HM 3acBi)J;qye, I.QO BiH noBHicno Bi)J;noBi)J;ae YMOBaM

Yro,!J;H.

III,[(III1CAHO:~------------

IIOCA,[(A: ________ __

,[(ATA:. __________________ __

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llOllATOK II

,[(0

Yr'OL(M ITPO rAPAHTII 3Afl03WIEHH51

MDK YKPAiHOIO

TA CfiOJ1YiffiHMMM lllTATAMM AMEPMKM

OcKinhKH U.R Yro,n:a npo rapauTii" 3ano3H4eHHR BH3uaqeua CTopouaMH ,n:nR ni,n:TpHMKH

eKOHOMi4HHX pe<lJopM, lli,O ,U:OllOMO)I(}Tb Bi,U:HOBHTH eKOHOMi4Hy aKTHBHicTb Ta p03IIIHpHTH

eKouoMi4ui MO)I(nHBOCTi MR rpoMaMH YKpa·nm; Ta

BH3Hai04H, lli,O rapauTii" 3an03H4eHHR, BHllylll,eHi 3a u,i€10 Yro,n:oiO, MaTHM}Tb uaif6inbiiiHM e<fleKT,

RKILI,O BOHH 6y,n:yrb 4aCTHHOIO 6inblll IIIHpOKHX iuiu,iaTHB lli,O,U:O pe<iJopM, CKOOp,U:HHOBaHHX YpR,U:OM

YKpa·nm (,n:ani - «YKpaiHa»).

HacTynui YMOBH eKOHOMi4HHX pe<f>opM cnp~Mosaui ua oqiKysaui pe<lJopMH 3ri,n:uo 3 nporpaMoiO

Mlli<uapO,U:HOfO BMIOTHOfO <f>ou,n:y y c<flepi MaKpOeKOHOMi4HOI CTa6inbHOCTi Ta pe<f>opMysaHHR

<f>iuaucosoro ceKTopy, cHcTeMH cou,ianbuoro 3aXHcry, pe<f>opMH euepreTH4Horo ceKTopy Ta

aHTHKopynu,lliuoi" pe<lJopMH . .51Klli,O iullle ue 6yno noro,n:)l(eue AMP CiliA y nHCbMOBiM <lJopMi, u,i

YMOBH BHKOHyiOTbCR He ni3uillle ,n:aTH noqaTKY MapKeTHHry flpHMHRTHHX o6nirau,iif.

1. YKpa·Ji.J:a BHKOHY€ sci nonepe,n:ui 3axo,n:H MB<l> lll,o,n:o eKOHOMi4HHX pe<f>opM Ta

MaKpOeKOHOMi4HOI nonimKH, ueo6xi,n:ui MR OTpHMaHHR llOfO,U:)I(eHHR flporpaMH

po3IIIHpeuoro <f>iuaucysauuR (EFF) Pa,n:o10 ,n:HpeKTopiB MB<l>. YKpaiHa ua,n:a€ AMP CiliA

nHcbMOBe ni,n:TBep)l;)l(eHHR csoro uaMipy i ua,n:ani si,n:nosi,n:aTH BHMOraM EFF.

2. YKpa·Ji.J:a ua,n:a€ nHCbMOBe ni,n:TBep,n:)l(eHHR Toro, lli,O ua,n:xo)l;)l(eHHR 3a 3an03H4eHHRM nm

rapauTiiO 3ano3H4eHHR, ua,n:auy CiliA, 6y,n:yrh BHKOpHcTaui ua cou,ianbui BH,n:aTKH ,n:nR

3aXHCTY Haif6inblll He3aXHJ.LJ,eHHX yKpaiifu,iB Bi,n: uacni,n:KiB ueo6xi,U:HHX eKOHOMi4HHX

KOpHrysaHb, B TOMY 4HCni npo,n:OB)I(eHHR CKOp04eHHR Hea,n:peCHHX euepreTH4HHX

cy6cH,n:iM. YKpaiHa ua,n:a€ MB<l> nnau lll,o,n:o yui<f>iKau,ii" ni,n:xo,n:iB ,n:o ua,n:auuR cou,ianbuoi"

ni,n:TpHMKH He3aXHILI,eHHM ciM'HM qepe3 uacni,n:KH ni,n:BHILI,eHb u,iu Ha ra3 3 MeTOIO

noKpalll,eHHR a,n:pecuocTi ,n:onoMom Ta c<flepH "ii 3acTocysauuH. YKpaiHa ua,n:a€ nHCbMOBe

ni.n:Tsep)l;)l(eHHH csoro 3o6os'H3aHHR cniBnpau,IOBaTH 3 MB<l> Ta CsiroBHM 6aHKOM ,n:nH

npHBe,n:euuH nnauy y si,n:nosi,n:uicTb i3 3o6os'H3aHHHMH nepe,n: MB<l> y MeMopau.n:YMi npo

eKouoMi4uy Ta <f>iuaucosy nonirHKY Ta 3 flnauoM 3axo,n:iB lll,o,n:o pe<iJopMysauuH ra3oBoro

ceKTopy, p03po6neuoro y cniBnpau,i 3i CsiroBHM 6auKOM.

3. YKpa·Ji.J:a, ,n:iJOqH qepe3 Ka6iueT MiuicTpiB YKpaiHH, yxsaniO€ nnau pe<lJopMysauuH

ra3osoro ceKTopy, HKHM si,n:nosi,n:a€ BHMoraM Csirosoro 6auKy Ta MB<l>, BKni04ai04H: (i)

p03,n:ineHHH ocuosuHx uanpHMiB ,n:iHnhuocTi HAK «Haqrrora3 YKpa·Ji.J:H» (TpaucnopTysauuH,

36epiraHHH Ta npo,n:a)l( ra3y) Ta (ii) noKpalll,eHHH np03opocTi ra3onocTa4aHHR qepe3 ay,n:HTH

ni,n:npH€MCTB, lli,O 3aMMaiOTbCH fa30llOCTa4aHHHM, Ta o6niK Ha BCix nauKaX fa30llOCTa4aHHH.

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4. YKpaiHa fOTY€ Ta no~a€ ~0 BepxoBHOYPa~H 3aKOHO~aBeTBO, I.QO smnosi;::(a€ IliiaHy 3axo~is

I.Qo~o pe<!JopMysaHH51 ra3osoro eeKTopy, p03po6neHoro yen isnpauj 3i Cs iroBHM 6aHKOM Ta

smnosi;::(Ho ~o 3o6os'513aHh YKpaiHH nepe~ MB<l>, 51Ke eTBOpHTh oeHoBy ~JI51: (1) ~oeTyny

TpeTiX oei6 ~0 fa30BOl iH<jJpaeTpyKTypH; (2) 3aTBep~)l(eHH51 Ha~iOHaJihHHM peryJI5ITOpOM y

e<f>epax eHepreTHKH Ta KOMYHaJihHHX noenyr MeTO~OJIOri"i Ta TapH<f>is eTOeOBHO pHHKY

ra3y; a TaKO)I( (3) BinhHOl i ~o6poeosieHOl KOHKypeH~iY Ha pHHKY ra3y IllJ151XOM

ni6epani3a~iY ~iH. YKpaiHa Ha~a€ AMP ClllA nnaH Ta rpa<f>iK npHHH51TT51 i snposa~)l(eHH51

~boro 3aKoHo~aBeTBa. YKpaiHa TaKO)I( Ha~a€ AMP ClllA nnaH Ta rpa<f>iK no~aHH51 ~o

BepxoBHoY Pa~H, npHHH51TT51 Ta snposa~eHH51 3aKoHo~aseTBa, 51Ke 3a6e3neqy€

Ha~ioHaJihHOMY peryn51Topy y e<f>epax eHepreTHKH Ta KOMYHaJihHHX noenyr noBHoBa)l(eHH51

~JI51 3~iHeHeHH51 He3aJie)I(HOI ~rnJihHOeTi. YKpaiHa TaKO)I( Ha~a€ nHehMOBe ni;::(Tsep~eHH51

HaMipy YKpaiHH snposa~HTH see 3a3HaqeHe 3aKoHo~aBeTBO 3riJ:\Ho 3 Hai1Kpai.QHMH

npaKTHKaMH, 51K onueaHo y ,ZJ;orosopi npo 3aeHysaHH51 EHepreTHqHoro CniBTosapHeTBa,

eTOpOHOIO 51Koro € YKpaiHa, Ta smnoBiJ:\HHX KepiBHHX npHH~HniB €C.

5. YKpaiHa B)I(HBa€ KpOKiB ~o 3a6e3neqeHH51 ~oeTaTHhoro 6IO~)I(eTy Ta Ha~aHH51 HaJie)I(HHX

en~60BHX npHMii.QeHh ~JI51 Ha~ioHaJihHOro aHTHKopyn~iHHoro 6IOpo YKpaiHH (HAKE).

YKpaiHa Ha~a€ AMP ClllA OHOBJieHy iH<iJopMa~iiO I.Qo~o npo~eey npH3HaqeHH51 ~upeKTopa

HAKE Ta eTBopeHH51 KOMaH~H eKenepTiB ~JI51 nmroTOBKH aHaJifrlfqHHX MaTepiaJiiB ~JI51

Mai1:6ymix ~eTeKTHBiB. YKpaiHa TaKO)I( Ha~a€ AMP ClllA oHOBJieHy iH<lJopMa~iiO I.Qo~o

noeTyny y eTBOpeHHi Ha~iOHaJibHOfO areHTeTBa 3 llHTaHb 3ano6iraHH51 Kopyn~n (HA3K).

6. YKpaiHa Ha~a€ nHebMOBe niJ:\TBep~eHH51 Toro, I.Qo BOHa npHHH51Jia 3aKOHH, a TaKO)I( Ha~a€

KOll 00 TaKHX 3aKOH is, 51Ki: 3M mHIOIOTb npo~ee p03KpHTT51 iH <f>opMa~ i"i npo aKTHBH

si;::(nos iJ:\Ho ~o B351THX yp51~0M 3o6oB' 513aHh y MeMopaH~YM i npo eKOHOM iqHy Ta <l>iHaHeosy

nonirHKY 3 MB<l> (ME<l>Il). YKpaiHa TaKO)I( nHebMOBO niJ:\TBep~)I(Y€ eBO€ 3o6os'513aHH51

3p06HTH 6y~h-51Ki llO~aJihllli KpOKH, Heo6xi~Hi ~JI51 3MmHeHH51 npo~eey p03KpHTT51

iH<lJopMa~i"i npo aKTHBH, nepe~6aqeHi MB<l>, y e<f>epax, 3a3HaqeHHX y ME<l>Il ~JI51 Toro,

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