{"html": "<div class=\"lf-doc\"><div class=\"lf-abs\"><span class=\"lf-abs-num\">(1)</span>This Amendment and any non-contractual obligations arising out of or in connection with it shall be governed by and shall be construed in accordance with English law.</div>\n<div class=\"lf-abs\"><span class=\"lf-abs-num\">(2)</span>Any dispute arising from or in the context of this Amendment shall be settled amicably. In the absence of such amicable agreement, the euro-area Member States agree that to the extent it constitutes a dispute between them only, it shall be submitted to the exclusive jurisdiction of the Court of Justice of the European Union.</div>\n<p class=\"lf-p\">To the extent there is a dispute between one or more euro-area Member States and EFSF, the Parties agree to submit the dispute to the exclusive jurisdiction of the Courts of the Grand Duchy of Luxembourg.</p>\n<p class=\"lf-p\">3.</p>\n<p class=\"lf-p\">ENTRY INTO FORCE AND TRANSITIONAL PROVISIONS</p>\n<div class=\"lf-abs\"><span class=\"lf-abs-num\">(1)</span>The Parties agree that the amendments to the Framework Agreement shall enter into force and become binding between EFSF and the Parties on the date (the \"Effective Date of the Amendments\") all of the Parties have provided written confirmation to EFSF substantially in the form of Annex 3 that they have concluded all procedures necessary under their national laws to ensure that their obligations under this Amendment shall come into full force and effect (an \"Amendment Confirmation\").</div>\n<div class=\"lf-abs\"><span class=\"lf-abs-num\">(2)</span>It is acknowledged and agreed that the amendments to the Framework Agreement shall not alter or affect the rights and obligations of the Parties in relation to any Funding Instruments issued by EFSF with the benefit of a Guarantee issued under the Agreement prior to the Effective Date of the Amendments (the \"Existing Funding Instruments\"). The rights and obligations between the parties in relation to such Existing Funding Instruments shall continue to be governed by the terms and conditions of the Framework Agreement which applied prior to the Effective Date of the Amendments.</div>\n<div class=\"lf-abs\"><span class=\"lf-abs-num\">(3)</span>It is acknowledged and agreed that the amendments to the Framework Agreement shall not alter or affect the rights and obligations of the Parties in relation to any Loans disbursed prior to the Effective Date of the Amendments (the \"Existing Loans\"). The rights and obligations between the parties in relation to such Existing Loans shall continue to be governed by the terms and conditions of the Framework Agreement which applied prior to the Effective Date of the Amendments.</div>\n<div class=\"lf-abs\"><span class=\"lf-abs-num\">(4)</span>It is acknowledged and agreed that EFSF did not receive Amendment Confirmations from all of the Parties in relation to the agreement to amend the EFSF Framework Agreement signed between the parties in July 2011 (the \"July Amendment Agreement\"). Accordingly, the July Amendment Agreement did not enter into force and the parties agree that it shall be cancelled and of no legal effect.</div>\n<div class=\"lf-abs\"><span class=\"lf-abs-num\">(5)</span>It is acknowledged and agreed that the Amendment Confirmation of a Member State may be of provisional application in accordance with the laws and legislation of the relevant Member State.</div>\n<p class=\"lf-p\">4.</p>\n<p class=\"lf-p\">EXECUTION OF THE AMENDMENT This Amendment may be executed in any number of counterparts signed by one or more of the Parties. The counterparts each form an integral part of the original Amendment and the signature of the counterparts shall have the same effect as if the signatures on the counterparts were on a single copy of the Amendment.</p>\n<p class=\"lf-p\">PARTICIPATION AND GUARANTEES UNDER THE EUROPEAN FINANCIAL STABILITY FACILITY EFSF shall promptly after the signature of this Amendment supply conformed copies of the Amendment to each of the Parties, together with consolidated versions of the Framework Agreement including the amendments effected under this Amendment.</p>\n<p class=\"lf-p\">5.</p>\n<p class=\"lf-p\">ANNEXES The Annexes to this Amendment shall constitute an integral part hereof:</p>\n<p class=\"lf-p\">1.</p>\n<p class=\"lf-p\">List of Guarantors with their respective Guarantee Commitments;</p>\n<p class=\"lf-p\">2.</p>\n<p class=\"lf-p\">Contribution Key; and 3.</p>\n<p class=\"lf-p\">Template for Amendment Confirmation.</p>\n<p class=\"lf-p\">For the euro-area Member States, Kingdom of Belgium Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Federal Republic of Germany Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Republic of Estonia Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Ireland Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Hellenic Republic Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">PARTICIPATION AND GUARANTEES UNDER THE EUROPEAN FINANCIAL STABILITY FACILITY Date:</p>\n<p class=\"lf-p\">Kingdom of Spain Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">French Republic Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Italian Republic Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Republic of Cyprus Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Grand Duchy of Luxembourg Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Republic of Malta Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">PARTICIPATION AND GUARANTEES UNDER THE EUROPEAN FINANCIAL STABILITY FACILITY Kingdom of the Netherlands Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Republic of Austria Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Portuguese Republic Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Republic of Slovenia Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Slovak Republic Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">Republic of Finland Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">PARTICIPATION AND GUARANTEES UNDER THE EUROPEAN FINANCIAL STABILITY FACILITY For the EFSF EUROPEAN FINANCIAL STABILITY FACILITY Represented by:</p>\n<p class=\"lf-p\">Name:</p>\n<p class=\"lf-p\">Title:</p>\n<p class=\"lf-p\">Date:</p>\n<p class=\"lf-p\">ANNEX 1 LIST OF GUARANTOR EURO-AREA MEMBER STATES WITH THEIR RESPECTIVE GUARANTEE COMMITMENTS AS FROM THE EFFECTIVE DATE OF THE AMENDMENTS Country Kingdom of Belgium Federal Republic of Germany Ireland Kingdom of Spain French Republic Italian Republic Republic of Cyprus Grand Duchy of Luxembourg Republic of Malta Kingdom of the Netherlands Republic of Austria Portuguese Republic Republic of Slovenia Slovak Republic Republic of Finland Hellenic Republic Republic of Estonia Guarantee Commitments EUR (millions) 27,031.99 211,045.90 12,378.15 * 92,543.56 158,487.53 139,267.81 1,525.68 1,946.94 704.33 44,446.32 21,639.19 19,507.26 * 3,664.30 7,727.57 13,974.03 21,897.74 * 1,994.86 Total Guarantee Commitments 779,783.14 * The Hellenic Republic, Ireland and the Portuguese Republic have become Stepping-Out Guarantors. Portugal remains liable as Guarantor in respect of Notes issued prior to the time it became a Stepping-Out Guarantor. The Republic of Estonia is only a Guarantor in respect of Notes issued after the Effective Date of the Amendments.</p>\n<p class=\"lf-p\">This means that as of the Effective Date of the Amendments the aggregate of the active Guarantee Commitments for the Guarantors which are not Stepping-Out Guarantors is EUR 726,000.00 million.</p>\n<p class=\"lf-p\">PARTICIPATION AND GUARANTEES UNDER THE EUROPEAN FINANCIAL STABILITY FACILITY ANNEX 2 CONTRIBUTION KEY IN RESPECT OF FUNDING INSTRUMENTS ISSUED OR ENTERED INTO AS FROM THE EFFECTIVE DATE OF THE AMENDMENTS Member State Kingdom of Belgium Federal Republic of Germany Republic of Estonia Ireland* Hellenic Republic* Kingdom of Spain French Republic Italian Republic Republic of Cyprus Grand Duchy of Luxembourg Republic of Malta Kingdom of the Netherlands Republic of Austria Portuguese Republic* Republic of Slovenia Slovak Republic Republic of Finland Total ECB Capital subscription key % 2.4256 18.9373 0.1790 1.1107 1.9649 8.3040 14.2212 12.4966 0.1369 0.1747 0.0632 3.9882 1.9417 1.7504 0.3288 0.6934 1.2539 69.9705 Contribution Key 3.4666% 27.0647% 0.2558% 1.5874% 2.8082% 11.8679% 20.3246% 17.8598% 0.1957% 0.2497% 0.0903% 5.6998% 2.7750% 2.5016% 0.4699% 0.9910% 1.7920% 100.0000% * As at the Effective Date of the Amendments, the Hellenic Republic, Ireland and Portugal have become Stepping-Out Guarantors.</p>\n<p class=\"lf-p\">PARTICIPATION AND GUARANTEES UNDER THE EUROPEAN FINANCIAL STABILITY FACILITY ANNEX 3 TEMPLATE FOR AMENDMENT CONFIRMATION [Letter-head of Authorities of Euro Area Member State] By fax followed by registered mail:</p>\n<p class=\"lf-p\">European Financial Stability Facility 43, avenue John F. Kennedy, L-1855 Luxembourg Fax: +352 260 962 62 Copy to:</p>\n<p class=\"lf-p\">Secretariat of the Eurogroup Working Group DG ECFIN BU-24 03/027, 1049 Brussels, Belgium Fax: +32-2-295 68 41 Re: European Financial Stability Facility (\"EFSF\") - Amendment Confirmation Dear Sirs, We refer to (i) the EFSF Framework Agreement between the Kingdom of Belgium, Federal Republic of Germany, Ireland, Kingdom of Spain, French Republic, Italian Republic, Republic of Cyprus, Grand Duchy of Luxembourg, Republic of Malta, Kingdom of the Netherlands, Republic of Austria, Portuguese Republic, Republic of Slovenia, Slovak Republic, Republic of Finland, the Hellenic Republic and EFSF (the \"Parties\"), and (ii) to the Amendment to the EFSF Framework Agreement between the Parties and the Republic of Estonia.</p>\n<p class=\"lf-p\">We hereby notify you that we are duly authorised under our national laws to permit us to be bound by the Amendment to the EFSF Framework Agreement with effect from [date].</p>\n<p class=\"lf-p\">Yours faithfully, [Name of euro-area Member State] [●] [●]\".</p></div>", "next": 0}