OFFICIAL DOCUMENTS Grant No. TFOB6525 Co-financing Grant Agreement (Enhancing Systematic Land Registration Project) between LAO PEOPLE'S DEMOCRATIC REPUBLIC and INTERNATIONAL DEVELOPMENT ASSOCIATION acting as administrator for a trust fund from the Swiss Agency for Development and Cooperation Co-financing Grant Agreement A(REEMENT dated as of the Signature Date between I.At) PEtOLT S DFMOCRATIC REP) BLIC (""Recipient) and INTERNATIONAL DEVELOPMENT ASSOCIATION (1Bank". acting as administrator of a trust fund from the Swiss Agency for Development and Cooperation: WHEREAS under an agreement, to be entered into between the Recipient and the International DeN elopment Association (--Association') ('-Financing Agreement"). the Association intends to proN ide the Recipient xw ith a credit (-Creditf) in an amount equivalent to seventeen million four hundred thousand Special Drawing Rights (SDR 17,400.000) to assist in financing the Project; WHEREAS the Bank has agreed. on the basis, inter alia, of the foregoing to extend additional assistance to the Recipient upon the terms and conditions set forth in this Agreement: and NOW THEREFORE, the Recipient and the Bank hereby agree as follows: Article I Standard Conditions; Definitions 1.01. The Standard Conditions (as defined in the Appendix to this Agreement) apply to and form part of this Agreement. 1.02. Unless the context requires otherxise. the capitalized terms used in this Agreement have the meanings ascribed to them in the Standard Conditions or in the Appendix this Agreement. Article II The Project 2.01. The Recipient declares its commitment to the objective of the project described in Schedule I to this Agreement {-Project'). To this end. the Recipient shall carn out the Project. through MONRE. in accordance with the provisions of Article II of the Standard Conditions and Schedule 2 to this Agreement. Article III The Grant 3.01. The Bank agrees to extend to the Recipient, on the terms and conditions set forth or referred to in this Agreement. a grant in an initial amount not to exceed one million six hundred ninety nine thousand nine hundred twenty Dollars ($1,699.920) (Initial Amount") plus anN subsequent amount or amounts as the Bank shall specify by notice to the Recipient and which shall not exceed an aggregate amount of six million three hundred seventy five thousand Dollars ($6.375.000). if and when such subsequent amounts are made available to the Bank by the donor to assist in financino of Parts I through 4 of the Project. The sum of the Initial Amount plus said subsequent amounts, ifan, shall henceforth constitute the grant (-Grant-') The Recipient hereb, conFirns its understanding and agreement that the amount of the Grant extended under this Agreement shall be limited: (a) at all times to the funds available to the Bank from the donor: and (b) to the Initial Amount. unless and until the Bank has. at a later date. sent notice to the Recipient specif,,ing anN subsequent amount or amounts to be added to the Initial Amount. 3.02. The Recipient maN xkithdraw the proceeds of the Grant in accordance wkith Section Ill of Schedule 2 to this Agreement. 3.03. The Grant is funded out of the abovementioned trust fund for which the Bank receives periodic contributions from the donor to the trust fund. In accordance %%ith Section 302 of the Standard Conditions. the Bank's paNment obligations in connection wkith this Agreement are limited to the amount of funds made available to it b\ the donor under the abovementioned trust fund, and the Recipient's right to %kithdrawN the Grant proceeds is subject to the av ailability of such funds. Article IV Effectiveness; Termination 4.01. This Agreement shall not become effective until evidence satisfactor\ to the Bank has been furnished to the Bank that the execution and del iver\ of this Agreement on behalf of the Recipient have been dul\ authorized or ratified b\ all necessar\ governmental action. 4.02. As part of the ex idence to be furnished pursuant to Section 5.0 10(a). there shall be furnished to the Bank an opinion or opinions satisfactorv to the Bank of counsel acceptable to the Bank. sho\k ing on behalf of the Recipient. that this Agreement has been duly authorized or ratified b,. and executed and delivered on its behalf and is legally binding upon it in accordance xwith its terms. 4.03. The Additional Conditions of tFectiveness consist of the followking: (a) The Financing Agreement has been executed and delivered and all conditions precedent to its effectiveness or to the right of ihe Recipient to make withdrawals under it (other than the effectiveness of this Agreement) have been fulfilled: and - 2- (b) The Recipient through MONRE has adopted the Project Operations Manual acceptable to the Bank for Project implementation. 4.04. Except as the Recipient and the Bank shall otherwise agree. this Agreement shall enter into effect on the date upon which the Bank dispatches to the Recipient notice of its acceptance of the evidence required pursuant to Section 5.01 ("EFTectiveness Date-'). If. before the EffectiNeness Date. an eent has occurred which would have entitled the Bank to suspend the right of the Recipient to make withdrawals from the Financing Account of this Agreement had been effective. the Bank may postpone the dispatch of the notice referred to in this Section until such event (or events) has (or have) ceased to exist. 4.05. Termination for Failure to Become Effective. This Agreement and all obligations of the parties under it shall terminate if it has not entered into effect b% the date 90 days after the date of this Agreement, unless the Bank. after consideration of the reasons for the delay. establishes a later date for the purpose of this Section. The Bank shall promptly notift the Recipient of such later date. Article V Recipient's Representative; Addresses 5101. The Recipient's Representatc referred to in Section 7.02 of the Standard Conditions is its Minister of Finance. 5.02. For purposes of Section 7.01 of the Standard Conditions: (a) the Recipient's address is Ministr- of Finance 23" Singha Road Sa\ settha District Vientiane Lao PDR: and (b) the Recipient's Electronic Address is Facsimile: 856-21412142 E-mail: souliv,ath gmail.com 5.03. For purposes of Section 7.01 of the Standard Conditions: (a) the World Bank-s address is: International Bank for Reconstruction and Development 1818 H Street, N.W. Washington, D.C. 20433 United States of America; and (b) the World Bank's Electronic Address is: Telex: Facsimile: E-mail248423 (MCI) 1-202-477-6391 1j0pIr at wIJ rbulor -4- AGREED as of the Signature Date. LAO PEOPLE'S DEMOCRATIC REPUBLIC By_ Authorized Representative Name: Date: INTERNATIONAL DEVELOPMENT ASSOCIATION acting as administrator for a trust fund from the Swkiss AgencN for Development and Cooperation Authorized Representative Name: r Y(c\mk&r / Title: MN 106A Date: ______________ __ SCHEDULE I Project Description The provisions of Schedule I to the Financing Agreement are incorporated herein bv reference and applN to the Project, mutais mundis. -6- SCHEDULE 2 Project Execution Section 1. Implementation Arrangements The provisions of Section I in Schedule 2 to the Financing Agreement are incorporated herein by reference and appk to the Project. iuratis mutandis, with the following modifications: The tcrn -'Association' \\hcrc\er used in Section I of Schedule 2 to the Financing Agreement means the "Bank as defined in this Agrcment Section II. Project Monitoring, Reporting and Evaluation The provisions of Section 11 in Schedule 2 to the Financing Agreement are incorporated herein by reference and apply to the Proj ect, mutatis mulandis. Section III. Withdrawal of Grant Proceeds A. General 1. The Recipient ma% withdraw\ the proceeds of the Grant in accordance ',ith the provisions of: (a) the Disbursement and Financial Information Letter: (b) Article Ill of the Standard Conditions- and (c) this Section; to Finance Eligible Expenditures in the amount allocated and, if applicable. Lip to the percentage set forth against each Category of the followN ing table: -7- Amount of the Grant Percentage of Category Allocated Expenditures to be (expressed in Dollars) Financed (inclusive of Taxes) (1) Consulting services under Part 4 of the Project (excludino costs for audits. 527.950 100% short term consultants, and mid-term and final rcview s) (2) Consulting services under 1.171.970 19% Parts 1-3 and Part 4 (onlk costs for aUdits. short tenn consultants. and mid-term and final reviews inder Part 4). Training and Workshops. Operating Costs, and goods (except for vehicles, motorbikes. CORS. and JAVs. office eqUiplent, furniture. and filinu cabinets) TOTAL AMOUNT 1,699,920 B. Withdrawal Conditions; Withdrawal Period 1I Notwithstanding the provisions of Part A of this Section no withdrawal shall be made for pa\ menits made prior to the Signature Date. 2. The Closing Date is September 30. 2026. -8- APPENDIX Definitions The definitions set out in the Appendix to the Financing Agreement are incorporated herein by reference and apply to the Project. mutatis muandis with the followx ing modification: The following definition for the Standard Conditions hereby replaces the definition for the General Conditions: -Standard Conditions' means the -international Bank for Reconstruction and Development and International Development Association Standard Conditions for Grant Financing Made b, the Bank out of Trist FLInds-. dated Februar% 2 209. -9-