OFFICIAL
DOCU M ENTS                            Supplemental Letter
UZBEKENERGO
September 20, 2017
International Bank for Reconstruction and Development
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Re:    Loan No. 8664-UZ
(Modernization and Upgrade of Transmission Substations Project)
Representations
Dear Sirs and Mesdames:
In connection with the Project Agreement of even date herewith between the International
Bank for Reconstruction and Development (the Bank) and Uzbekenergo (Project Implementing
Entity) for the above-captioned Loan, the Project Implementing Entity hereby undertakes and
warrants to the Bank that:
1.    The financial statements for the year ended December 3 1, 2015, copies of which have been
furnished to the Bank, correctly set forth the financial and operating condition of the Project
Implementing Entity as of that date, and since that date there have been no material adverse changes
in the financial and operating conditions of the Project Implementing Entity.
2.     The Project Implementing Entity is not engaged in litigation as plaintiff or defendant, the
outcome of which might materially and adversely affect its financial condition.
3.     The Project Implementing Entity has no outstanding agreements or liabilities, contingent
or otherwise (including taxes), that might materially and adversely affect its financial condition.
4.     No debt of the Project Implementing Entity is secured by any mortgage, pledge, charge,
priority, or other lien, and no contract or arrangement exists for the creation of any such mortgage,
pledge, charge, priority, or other lien.
5.     There are no existing defaults in the payment of principal of, or interest or other charges
on, any of the debts of the Project Implementing Entity.
6.     The Project Implementing Entity is not in violation of, and execution and delivery of the
Project Agreement and the compliance with all its terms do not and will not result in any violation
of any provisions of any existing agreement, franchise, concession, license, or permit, or of any
statute, law, decree-law, executive decree, regulation, or any other legal rule of a similar nature
presently in effect and applicable to the Project Implementing Entity.
7.     The Project Implementing Entity is a duly existing legal entity under the laws of the
Republic of Uzbekistan, with full authority to carry out its present business, to carry out its
Respective Part of the Project, and to execute and deliver the Project Agreement, and has furnished


-2-
to the Bank true copies of the Project Implementing Entity's Legislation and of all other legislation
presently in force and effect and governing or applicable to the operations of the Project
Implementing Entity, as well as of its statutes and by-laws presently in effect and governing.
It is our understanding that, in making the Loan and entering into the Project Agreement
with the Project Implementing Entity, the Bank may rely on the representations contained herein.
Very truly yours,
UZBEKENERGO
By
Authorized     ettive