Conformed Copy - L3718 - Yangzhou Thermal Power Project - Indemnity Agreement

Page 1 CONFORMED COPY LOAN NUMBER B-103-0 Indemnity Agreement (Yangzhou Thermal Power Project) between PEOPLE'S REPUBLIC OF CHINA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated May 29, 1994 INDEMNITY AGREEMENT AGREEMENT, dated May 29, 1994 between PEOPLE'S REPUBLIC OF CHINA (China) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD or the Bank). WHEREAS (A) The Bank has agreed to make available to China a loan, under a loan agreement to be entered into between China and the Bank (IBRD Loan Agreement), in the aggregate principal amount in various currencies equivalent to US$350,000,000 to assist in the financing of the project (the Project) described in Schedule 2 of the IBRD Loan Agreement; (B) Pursuant to a Loan and Guarantee Agreement (the Yen Loan Agreement) being entered into herewith between China as borrower, the Bank as partial guarantor, the financial institutions listed therein (the Yen Lenders) as lenders, and The Long-Term Credit Bank of Japan, Limited as agent, the Yen Lenders have agreed to make available to China a loan in the aggregate principal amount of three billion two hundred million Yen (