Conformed Copy - L4495 - Industrial Technology Project - Project Agreement TPE

Page 1 CONFORMED COPY LOAN NUMBER 4495 TU TPE Project Agreement (Industrial Technology Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and TURK PATENT ENSTITUSU Dated August 2, 1999 LOAN NUMBER 4495 TU PROJECT AGREEMENT AGREEMENT, dated August 2, 1999, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and TURK PATENT ENSTITUSU (TPE). WHEREAS (A) by the Loan Agreement of even date herewith between the Republic of Turkey (the Borrower) and the Bank, the Bank has agreed to make available to the Borrower an amount equal to one hundred fifty-five million dollars ($155,000,000), on the terms and conditions set forth in the Loan Agreement, but only on condition that TPE agree to undertake such obligations toward the Bank as are set forth in this Agreement; (B) by a Subsidiary Finance Agreement to be entered into between the Borrower and TPE, part of the proceeds of the Loan provided for under the Loan Agreement will be made available to TPE on the terms and conditions set forth in said Subsidiary Finance Agreement; and WHEREAS TPE, in consideration of the Bank