2. člen MPEIBES

Poroštvena pogodba se v izvirniku v angleškem jeziku in prevodu v slovenskem jeziku glasi(*): FI No. 26.118 (SI) Serapis No. 2009-0793 Luxembourg, 19 March 2014 Ljubljana, 14 May 2014 THIS AGREEMENT IS MADE BETWEEN: The Republic of Slovenia, acting through the Ministry of Finance, represented by the Minister of Finance, Mr. Uroš Čufer, hereinafter called: the "Guarantor" of the first part, and European Investment Bank having its Head Office at 100, Boulevard Konrad Adenauer, Luxembourg – Kirchberg, Grand Duchy of Luxembourg, represented by the Head of Division, Mr Dominique Courbin, and the Head of Division, Mr Massimo Novo, hereinafter called: the "Bank" of the second part. WHEREAS: – By an agreement (hereinafter called the "Finance Contract") signed in Ljubljana on 19 May 2011 between the Bank and Eko sklad, Slovenski okoljski javni sklad (Eco Fund), hereinafter called the “Borrower”), the Bank has agreed to establish in favour of the Borrower a credit in a principal amount of EUR 50,000,000.00 (fifty million euros) to be used to co-finance a number of small and medium sized environmental investments carried out in Slovenia by municipalities, public and private companies and individual households (hereinafter called the "Projects" or individually the “Project”). The supported Projects will focus mainly on energy efficiency and renewable energy and will moreover target water conservation/recycling, water supply and wastewater collection and treatment, and waste management, as more particularly described in the Technical Description set out in Schedule A.1 of the Finance Contract. – The obligations of the Bank under the Finance Contract are conditional upon the execution, delivery by the Guarantor and continuing operation of a guarantee of performance by the Borrower of its financial obligations under the Finance Contract (hereinafter this “Guarantee Agreement”) and the delivery of a favourable legal opinion thereon. – Execution of this Guarantee Agreement has been authorised by the Parliament of the Republic of Slovenia and a certified English translation of the relevant provisions of the relevant law is attached hereto as Annex I. – A duly authorised officer of the Attorney General’s Office of the Guarantor will issue a legal opinion on this Guarantee Agreement in the form and substance satisfactory to the Bank as set out in Annex II, as a condition to disbursement by the Bank under the Finance Contract. NOW THEREFORE it is hereby agreed as follows: The Guarantor declares that it is well acquainted with the terms, conditions and clauses of the Finance Contract, a copy of which, as signed by the parties thereto, has been delivered to the Guarantor by the Bank. text="  2.01 The Guarantor, as primary obligor and not merely as surety, guarantees entirely the full, punctual and irrevocable performance of all the monetary obligations of the Borrower to the Bank under the Finance Contract, including all payments of interest without any limitation, commissions, incidental charges and other expenses and all the sums being due by the Borrower to the Bank under any provision of the Finance Contract. 2.02 No payment or discharge which may be avoided under any enactment relating to insolvency, no payment or discharge made or given which is subsequently avoided and no release, cancellation or discharge of this Guarantee Agreement given or made on the faith of any such payment shall constitute discharge of the Guarantor under this Guarantee Agreement or prejudice or affect the Bank’s right to serve a Demand hereunder and to recover from the Guarantor to the full extent of this Guarantee Agreement. 2.03 The Guarantor undertakes to promptly furnish information to the Bank on legislation or the regulatory framework affecting the Borrower, which may have an impact on the implementation of the Finance Contract." text="  3.01 Demand may be made under this Guarantee Agreement as soon as the Borrower has not performed all or part of the obligations guaranteed pursuant to Article 2.01 of this Guarantee Agreement. 3.02 The Guarantor hereby waives irrevocably any objection or exception in law to the total or partial enforcement of this Guarantee Agreement. It undertakes to perform its obligations upon first written demand by the Bank whenever such demand is made and to pay the sums due without any limitation, retention or condition, without the Bank having to furnish any special evidence in support of its request other than the reason for the demand under this Guarantee Agreement. In particular, the Bank is not bound to prove that it has taken any action against the Borrower; it is not obliged, prior to the enforcement of this Guarantee Agreement, to realise securities or to enforce any other security that the Borrower or a third party may have constituted. 3.03 The payment by the Guarantor shall fall due on the tenth (10th) Business Day following that on which demand is made. For the purpose of this Guarantee Agreement “Business Day” means a day on which banks are open for business in Luxembourg and Ljubljana. 3.04 In the event of the Bank making a demand, the Guarantor shall have the right to discharge immediately, under the conditions set out in the Finance Contract, all the monetary obligations of the Borrower under the Finance Contract which are still outstanding at the time of such discharge (including the indemnity under article 10 of the Finance Contract)." When the Guarantor has made a payment to the Bank and provided the Guarantor has exercised its rights under Article 3.04, it is subrogated, to the extent of such payment, to the rights and actions relating to the said payment that the Bank has against the Borrower; this right of subrogation shall not be invoked to the detriment of the Bank. text="  5.01 The Guarantor shall inform the Bank forthwith of any fact or event likely to affect the performance of its obligations under this Guarantee Agreement. 5.02 The Guarantor shall notify the Bank of the completion of the procedures necessary in the Republic of Slovenia for the entry into force of the Guarantee Agreement." text="  6.01 The Bank may agree to and shall notify the Guarantor of amendments made to the Finance Contract which do not increase the amounts payable by the Borrower thereunder. 6.02 The Bank may grant the Borrower extensions of time of up to three

(3)months in respect of each repayment of principal or payment of interest and any other incidental expenses as it sees fit. Any such extension of time shall be notified to the Guarantor. 6.03 Any modifications in the Finance Contract other than those referred to in the previous two paragraphs of this Article 6 shall be submitted for approval to the Guarantor. The latter may refuse its approval only if the proposed modifications are likely to be prejudicial to it in its capacity as Guarantor." Taxes or fiscal charges, legal costs and other expenses incurred in the execution or implementation of this Guarantee Agreement shall be borne by the Guarantor. The Guarantor shall make payments hereunder without withholding or deduction on account of tax or fiscal charges. text="  8.01 The legal relations between the parties to this Guarantee Agreement, its formation and validity shall be governed by the laws of the Grand Duchy of Luxembourg. 8.02 The place of performance of this Guarantee Agreement is the head office of the Bank. 8.03 The parties hereto submit to the exclusive jurisdiction of the Court of Justice of the European Union and all disputes concerning the Guarantee Agreement shall be submitted to such court. The decision of the Court of Justice of the European Union shall be conclusive and shall be accepted as such by the parties without restriction or reservation. 8.04 The parties hereto agree that this Guarantee Agreement is of a commercial nature and hereby undertake to waive any immunities, which they may now or hereafter enjoy in any country from the jurisdiction of the Court of Justice of the European Union. 8.05 In any legal action arising out of this Guarantee Agreement the certificate of the Bank as to any amount due to the Bank under this Guarantee Agreement shall be prima facie evidence of such amount. 8.06 This Guarantee Agreement shall enter into force on the date when the Bank issues a written notice to the Guarantor confirming that the Bank has received a written notice pursuant to Article 5.02 of this Guarantee Agreement and a legal opinion issued by a duly authorised officer of the Attorney General’s Office of the Guarantor in the form and substance satisfactory to the Bank as set out in Annex II." text="  9.01 Notices and other communications given hereunder shall be sent to the respective address set out below:   – for the Ministry of Finance Guarantor: Župančičeva 3 1502 Ljubljana Slovenia – for the Bank: 100 Boulevard Konrad Adenauer L-2950 Luxembourg Grand Duchy of Luxembourg.   Each party may, by notice to the other, change its addresses as set out above. 9.02 Notices and other communications, for which fixed periods are laid down in this Guarantee Agreement or which themselves fix periods binding on the addressee, shall be served by hand delivery, registered letter, telegram, telex, confirmed fax or any other means of transmission which affords evidence of receipt by the addressee. The date of registration or, as the case may be, the stated date of receipt of transmission shall be conclusive for the determination of a period. 9.03 The Recitals forms part of this Guarantee Agreement. The following Annex is attached hereto: Annex I Certified English translation of the relevant provisions of the Slovenian Law on the guarantee. Annex II Template of legal opinion of a duly authorised officer of the Attorney General’s Office of the Guarantor on this Guarantee Agreement" IN WITNESS WHEREOF the parties hereto have caused this Guarantee Agreement to be executed in 3 (three) originals in the English language. This Guarantee Agreement has been initialled on behalf of the Guarantor by Mateja Dolinar, Head of International Finance Department, and on behalf of the Bank by Edmondo Perrone, Legal Counsel. Ljubljana, 14 May 2014 Signed for and on behalf of REPUBLIC OF SLOVENIA The Minister of Finance Uroš Čufer (s) Luxembourg, 19 March 2014 Signed for and on behalf of EUROPEAN INVESTMENT BANK The Head of Division Dominique Courbin (s) The Head of Division Massimo Novo (s) FI št. 26.118 (SI) Serapis št. 2009-0793 Luxembourg, 19. marec 2014 Ljubljana, 14. maj 2014 TA POGODBA JE SKLENJENA MED: Republiko Slovenijo, ki nastopa prek Ministrstva za finance, ki ga zastopa minister za finance g. Uroš Čufer, v nadaljevanju: »porok«, na eni strani in Evropsko investicijsko banko s sedežem na 100, Boulevard Konrad Adenauer, Luxembourg – Kirchberg, Veliko vojvodstvo Luksemburg, ki jo zastopata vodji oddelkov g. Dominique Courbin in g. Massimo Novo, v nadaljevanju: »banka«, na drugi strani. GLEDE NA TO, DA – s pogodbo (v nadaljevanju »finančna pogodba«), podpisano 19. maja 2011 v Ljubljani med banko in Eko skladom – slovenskim okoljskim javnim skladom (Eko sklad, v nadaljevanju »kreditojemalec«), banka soglaša, da bo kreditojemalcu dala kredit v vrednosti 50.000.000,00 EUR (petdeset milijonov evrov) za sofinanciranje več majhnih in srednje velikih okoljskih naložb občin, javnih in zasebnih podjetij ter posameznih gospodinjstev (v nadaljevanju »projekti« oziroma »projekt«). Podprti projekti bodo usmerjeni predvsem v energetsko učinkovitost in obnovljive vire, pa tudi v varčevanje z vodo/recikliranje vode, oskrbo z vodo, odvajanje in čiščenje odpadnih voda ter ravnanje z odpadki, kot je podrobneje opisano v tehničnem opisu v prilogi A.1 finančne pogodbe; – so obveznosti banke po finančni pogodbi pogojene s tem, da porok podpiše in izda poroštvo ter neprekinjeno jamči za izpolnjevanje finančnih obveznosti kreditojemalca iz finančne pogodbe (v nadaljevanju »poroštvena pogodba«), ter s predložitvijo ugodnega pravnega mnenja o tem; – je podpis te poroštvene pogodbe odobril Državni zbor Republike Slovenije, v prilogi I pa je overjen prevod ustreznih določb zadevnega zakona v angleški jezik; – bo pravilno pooblaščena uradna oseba iz urada porokovega državnega pravobranilstva izdala pravno mnenje o tej poroštveni pogodbi v obliki in z vsebino, ki sta sprejemljivi za banko, kot je navedeno v prilogi II, kar je pogoj za izplačilo kredita banke po finančni pogodbi, je dogovorjeno: