Azerbaijan: Amendments to the Loan Agreement (Ordinary Operations) with “Azerishiq” Open Joint-Stock Company - Reference Rates Transition

This Amendment Letter gives effect to the changes to the Ordinary Operations Loan Regulations approved by the ADB Board of Directors to facilitate the transition to alternative reference rates, and is applicable to each of the regular loans made from ADB’s Ordinary Capital Resources referred to in the Amendment Letter.

This Amendment Letter is effective for such loan on the later to occur of (i) the date of receipt by ADB of the Amendment Letter (as stamped on the first page) or (ii) the date the relevant Loan Agreement is duly signed by the Borrower, as applicable.