THE HELLENIC REPUBLIC / EUROPEAN FINANCIAL STABILITY FACILITY / CO-FINANCING AGREEMENT

THE HELLENIC REPUBLIC
as Beneficiary Member State
BANK OF GREECE
EUROPEAN FINANCIAL STABILITY FACILITY
WILMINGTON TRUST (LONDON) LIMITED
as Bond Trustee
BANK OF GREECE
acting as Bond Paying Agent
AND
BANK OF GREECE
acting as Common Paying Agent
CO-FINANCING AGREEMENT

Draft: 22 February 2012
UK-2952805-v20 36-40486986
CONTENTS
Clause Page
1. Definitions and Interpretation ...........................................................................................2
2. Liabilities...........................................................................................................................6
3. Turnover of Receipts by Creditors ..................................................................................12
4. Turnover of Receipts by Beneficiary Member State.......................................................13
5. Redistribution ..................................................................................................................13
6. Application of Proceeds ..................................................................................................14
7. The Common Paying Agent ............................................................................................16
8. Bond Trustee Protections ................................................................................................23
9. Bank of Greece................................................................................................................25
10. EFSF Protections.............................................................................................................26
11. Changes to the Parties .....................................................................................................26
12. Costs and Expenses .........................................................................................................27
13. Indemnities ......................................................................................................................28
14. Information......................................................................................................................28
15. Notices.............................................................................................................................29
16. Accounts and Payments...................................................................................................30
17. Miscellaneous..................................................................................................................30
18. Counterparts ....................................................................................................................31
19. Governing Law................................................................................................................31
20. Enforcement ....................................................................................................................31
Schedule 1 List of Contacts ..................................................................................................... 33
Schedule 2 Common Amortisation Table................................................................................35
Schedule 3 Form of Accession Undertaking ........................................................................... 37