Conformed Copy - L3716 - Sichuan Gas Development and Conservation Project - Japanese Grant Agreement

Page 1 CONFORMED COPY (Sichuan Gas Development and Conservation Project) between PEOPLE'S REPUBLIC OF CHINA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT on its own behalf and as Administrator of Grant Funds provided by JAPAN Dated February 12, 1993 JAPANESE GRANT AGREEMENT AGREEMENT, dated February 12, 1993, between People's Republic of China (the Recipient) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT acting on its own behalf (the Bank) and as Administrator (the Administrator) of grant funds provided by JAPAN (Japan). WHEREAS (A) pursuant to a letter agreement dated July 30, 1990 between Japan and the Bank and International Development Association (the Association), Japan has requested the Bank and the Association, and the Bank and the Association have agreed, to administer grant funds to be made available by Japan for the financing of certain programs and projects supported by the Bank and the Association, as the case may be, in accordance with the provisions of such letter agreement; WHEREAS (B) Japan has agreed to make available to the Recipient a grant out of said grant funds (the Grant) to finance the cost of carrying out the technical assistance described in Schedule 1 to this Agreement (the Technical Assistance) on the terms and conditions hereinafter set forth; WHEREAS (C) the Recipient has requested the Bank to carry out the Technical Assistance; WHEREAS (D) the Bank has agreed to carry out the Technical Assistance on the terms and conditions hereinafter set forth; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I Definitions; Term of Technical Assistance Page 2 Section 1.01. The Technical Assistance shall be undertaken by consultants (the Consultants) who shall, as far as practicable, include consultants with expertise in the following areas: (a) petroleum policy and legislation; (b) commercialization and corporatization of oil and gas companies; (c) management and operation of oil and gas companies; and (d) energy policy, accountancy, economics and financial analysis. Section 1.02. As used in this Agreement, the terms "yen" and "