Address: 20BO Mirkovo Village, 35 A. Npeacrabnlbaha Or L-Laerahxa Noruta- Kuer, Stamboliiski Str,, Represented by Ms

MEMOPAHIyM MEMORANDUM

[Hec c9.. uair2017 r., B rp. [1rppon, crpaHrre: This Memorandum has been signed today, May ..$.^.2017, in the town of Pirdop by:

,,EnAql4TE - MEA" Afl, E14K: 122016037, cac ELATZITE MED AD BIN 122016037, registered ceAanhqe il a4pec Ha ynpaBaeHre: c. Mrpxoao, address and headquarters: 2086 Mirkovo village, o6r4rHa Mr,tpxoao 2086, CoSraracxa o6nacr, Mirkovo municipality, Sofia district, represented npe4craBnrBaHo or rHx. fiparourp fiparaHoa - by Mr, Dragomir Draganov, Eng, Executive [4gntnHrreneH A[peKTop, Director

,,EbHAl4 nPEUJbC METAnC L{EIOnEq" EA[, DUNDEE PRECIOUS METALS CHELOPECH EltK: 122003576, crc ceAantlu{e il aApec Ha EAD, BIN 122003576, registered address and ynpaBfleH[e: c. 9enone,i 2087, o6qnHa headquarters: 2087 Chelopech village, Chelopech t{enoneq, CoSr,tlrcxa o6lacr, npeAcraBnflBaHo municipality, Sofia district, represented by l\1r. or A-p r4Hx. Vnun [rpxoa - JzlgnunHrrereH lliya Garkov, PhD, Executive Director and fl[peKrop u [aeraura KapauaaHoaa - Tzvetanka Karaivanova, Commercial Director, Lkouou NqecKr4 AilpeKTop,

,,AyPyEHC EtnrApHf," AE, EJ4K 932046971, AURUBIS BULGARIA AD, BIN 832046871, cbc ceAanilu{e il aApec Ha ynpaBneHile: rp. registered address and headquarters: 2070 ilnpgon 2070, fipouruneua 3oHa, Co$raNcxa Pirdop, lndustrial Area, Sofia district, represented o6nacr, npe4craBnflBaHo or Trrlt Kypr by Tim Kurt, Executive Director, J4snunHflreneH AilpeKTop,

3aeAHo HapilqaHr no-Aony 3a KpaTKocT herein further jointly referred to as the ,,EPYXECTBATA", or eAHa crpaHa, 'COMPANIES', as the first party to this Memorandum,

OEIII4HA nfPlOn, E[K: 000777216, appec PIRDOP MUNICIPALITY BIN 000777216, rp. llupgon 2070, nn. Togop Bnar,troa 2 address: 2070 Pirdop, 2 Todor Vlaikov Square, npe4craBnflBaHa or Auren [epoe - Kuer, represented by Mr. Angel Gerov - Mayor,

OEI{IIHA 3nAT}lqA, E14K: 000776464, a4pec: ZLATITSA MUNICIPALITY BIN 000776464, rp, 3narr,rqa 2080, nfl. Maxegouun 1, address: 2080 Zlatitsa, 1 Macedonia Square, npegcraBaflBaHa or rHx. MarganeHa JzlaaHosa - represented by Ms. Magdalena lvanova, Eng - Kuer, Mayor,

OEI{[4HA M14PKOBO, E14K: 000777248, aspec: MIRKOVO MUNICIPALITY BIN 000777248, c. Mrpxoeo 2086, yn. An. Crar',r6onur,tcrr 35, address: 20BO Mirkovo village, 35 A. npeAcraBnlBaHa or l-laeraHxa noruta- Kuer, Stamboliiski Str,, represented by Ms. Tzvetanka Yotina - Mayor,

OEI{I,|HA KOnP[Bl{1,lqA, EHK: 000776331, KOPRIVSHTITSA MUNICIPALITY BIN agpec: rp. Konpreqrqa 2090, yn. Iho6en 000776331, address: 2090 Koprivshtitsa, 16 Kapaaenoa 16, npe4craBfleBaHa or [eH.{o Lyuben Karavelov Str., represented by Mr. lepgaHoe - KMer, Gencho Gerdanov - Mayor,

Page 1 of 15 I

qEIOnEq, EllK: 000777223, agpec: CHELOPECH MUNICIPALITY BlN 000777223, c. 2087, agpec 6yn. Tperu uapr 1, address: 2087 Chelopech village, 1 Treti Mart or 14Hx. Anercr Kecsxoe - Blvd,, represented by Mr. Aleksy Kessyakov - Kr'lrtr, Mayor,

OE AHTOH, El,tK: 000777255, agpec: c. ANTON MUNICIPALITY BIN 000777255, An 2089, nn. CregnHeHne Ns 1, address: 2089 Anton village, 1 Saedinenie np( BaHa or urHx. CrosH [apvea - Kuer, Square,, represented by Mr. Stoyan Garchev - Mayor,

OE l{HHA I{ABAAP, E14K; 000777230, agpec: c. CHAVDAR MUNICIPALITY BIN 000777230, 9a iAap 2084, yn, Xprcro Eoree 9, address: 2084 Chavdar village, 9 Hristo Botev np, r[cT?BflFB?Ha OT ilHX, [leH,{O [epOA - KUer, Str,, represented by Mr. Pencho Gerov, Eng, - Mayor,

Bc rriKil Te - aKll4oHepil a ,,MEAfl - flrpgon" Afl, All of them shareholders in MBAL Pirdop AD, 3al AHo HapilqaHil no-Aofly 3a KpaTKocr herein jointly referred to as the (q140HEP14TE" ttA unr ,,OEl{l4Hl4TE" or gpyra 'SHAREHOLDERS", or "MUNlClPALlTlES", CT aHa,

IA And

,,N HOronPoot4IlHA EOflHI4qA 3A ''PIRDOP MULT!.PROFILE HOSPITAL FOR AI T]4BHO nEqEHltE - nhP[On" A,q, E14K ACTIVE TREATMENT AD", BIN 202503899, 20 1503899, cbc ceganilule il aApec Ha registered address and headquarters'. 2070 yn )aBneHre: rp. [lrpgon 2070, yn. ,,|-eoprn Pirdop, 24 Georgi Benkovski Str., represented by 5e iKoBcKr4" Ns 24, npegcraBnnBaHo or A-p Dr. Margarita Getova - Executive Director, Mi prapilTa lerosa - lzlsntnHrreneH AilpeKTop,

HA )[qaHo no-Aony 3a KparKocr ,,flEL{EEHOTO Herein referred to as the "MEDICAL FACILITY", 3l BEAEHI4E" unu ,,MEAfl nl4PEOn" AI[, or or 'MBAL PIRDOP"AD, as a third party to this Tp )Ta cTpaHa, Memorandum,

BC ,rLrK[ 3aeAHo HaprqaHil no-Aony 3a KpaTKocT Allfurther jointly referred to as the "PARTIES", ,r( TPAHHTE..,

I-11 eABilA npeAcTaBeH oTqeT 3a 3aAbnxeHrffTa Pursuant to the liabilities reported by the Medical H€ Ileqe6uoro 3aBeAeHue, Br3flil3aqil run,t 31 facility, which amount to BGN 1 574 000 on fll- ppu2A17 r. ua 1 574 000 neea; 31.01.2017 ,

I l-lpegerg ve Crpanrrre ca cbnpilqacrHr4 KbM Considering the Parties' awareness about local nflo6neurre Ha 3gpaBeona3BaHero Ha health care issues in the Srednogorie region and neHilero or par,toHa Ha Cpegnoropuero il B their commitment to help solve the financial cv Aa cbAercrBar 3a peuaBaHe Ha difficulties faced by the only medical treatment npo6neuu Ha eAuHcrBeHoro 3a facility available in the area, the latter agree to ne.re6Ho 3aBeAeHile, ca cbrnacHil Aa undertake actions and make financial geltcrern il noeMar SrHaHcoar commitments for the financial recovery of MBAL , c orne4 o3ApaBFBaHe Ha ,,MEAI PIRDOP AD and its normal functioning as a !On" M c qefl uer,tuoro HopManHo medical facility. He Karo reqe6Ho 3aBe4eHr4e,

Page 2of15 Bre aprsra c xenaHrero Ha fipyxecrBara Aa Considering the intent expressed by the npeAocraBflr $rHaHcoBr4 cpe4crBa Ha ,,MEAll Companies to offer financial resources to MBAL nilP[On" A[ c qen no4noMaraHe Ha fleqe6Horo PIRDOP AD, to support the Medical facility to 3aBeAeHre 3a npecrpyKrypilpaHe n restructure and upgrade its functioning, onT[Ml431,1paHe Ua geilHocrra, ce cKnoqr HacToflLLlt4fl MeuopaH4ytvt cbc All Parties listed herein concluded the present cneAHfifl npeAMeT il qenn: Memorandum, under the following terms and conditions:

t. nPEAMET I qEnH HA MEMoPAHflyMA I. TERMS AND CONDITIONS OF THE MEMORANDUM

9n.1. CrpaHure ce cbrnacflBar v Art. 1. The Parties agree to and confirm that norBbpx4aBar, qe qe o6eguHflT ycvnufl v they shall join efforts and work together to qe pa6ornr 3a nocrr4raHe Ha cne4Hhre meet the following objectives: qenh:

1, CrAer,tcre[e 3a HaMaflflBaHe Ha rflaBHilq[ u 1. Assist MBAL PIRDOP AD to cut down the flr4xBr4 no HarpynaHil 3aAbnxeHilq or,,MEAII principals and interests accrued under debts nilPflOn' M KbM KpeArropr4 KbM to creditors on 31,01,2017 , by holding 31.01.2017 ro4rHa, qpe3 npoBe4aHe Ha negotiations with the hospital's creditors. nperoBopr4 c KpepilTopilTe Ha lle.{e6Horo 3aBeAeHre,

Ocrqecranaaue Ha AenHocrra Ha 2. MBAL PIRDOP AD shall conduct its Ileqe6noro 3aBe4eHue Bb3 ocHoBa Ha flcHr4, operations by applying clear, transparent and npo3paqHil il nocIeAoBaTeflHil cTbnKfi 3a consistent steps to restructure and upgrade npecTpyKrypfipaHe il onTilMil3aLlufl, 14 qpe3 its functioning, and by repayment of noracflBaHe Ha HaTpynaHnTe 3aAbnxeH[fl accumulated debts to creditors, KbM KpeAilrop]4,

3. CneA npegocraBeHe Ha $rxaucoau 3, After receiving financial assistance from the cpeACTBa or fipyxecrlara u $rxaHcupaue Companies and funding from the or 06u1rHNTe, Ao Kpafl Ha KaneHgapHara Municipalities, by the end of 2018 (the 2018 r.,,,MEAII nfP[On" AI Ra 3anoqHe calendar year) MBAL PIRDOP AD shall start ga pa6orr 6eg Aa reHepnpa oneparrBHa functioning without generating an operating sary6a, KoflTo Aa r3ilcKBa QrHaHcoaa loss that would require further financial noMou.l or flpyxecreara, assistance by the Companies.

4. ExeMece.{Fro orqrraHe or fle,{e6Horo 4. The Medical facility shall provide monthly 3aBeAeHile Ha il3pa3xOABaHrTe CyM1,1 n0 reporting on how it spends the funds granted SrHaHcoaure cpe4crBa, npeAocraBeHu or by COMPANIES and Municipalities. To this fipyxecraara r QrHaHcoBrre cpeAcrBa or purpose MBAL PIRDOP AD shall provide 6n4xerrre Ha O6qrurre, L{pe3 detailed information to the COMPANIES, npeAcraBsHe or ,,MEAfl nilP[On" A[ na nogpo6xa r,rx$opuaqran xa fipyxecrBara.

5. flpocne4naaHe r ocbqecrBeBaHe Ha 5. Ensure monitoring and control over granted KoHTpon Bbpxy cyMilTe no SrHaHcoB[Te funds by Companies and from municipal cpeAcrBa, npe4ocraBeHr or lpyxecrBara il budgets, and paid to the Medical facility

Page 3 of 15 I

$rHaHcoarre cpegcrBa or 6ngxer[Te Ha under the terms of this Memorandum. O6qrHrre, npe4ocraBeH[ Ha lle,{e6Horo 3aBeAeHile no Hacroflr4ur MeuopaHpyu.

It. 3AAtnXEHl4f, HA CTPAH]4TE II. OBLIGATIONS OF THE PARTIES

9n. 2. n[pyxecreara no Hacrosr4r4fl Art.2. The Companies to this Memorandum MeuopaH4yM ce 3apbnxaBar Aa: shall:

1 Y,{acrear cbBMecrHo c npeAcraBilTerr[ Ha 1. Participate jointly with representatives of the Arqroneprre u npeAcraBilTenfi ua ,,MEAII Shareholders and MBAL PIRDOP AD in nNP[On' A[, e EoroBapf,He c Kpegrropl4 negotiations with hospital creditors, so as to Ha lle,{e6Horo 3aBeAeHhe 3a HaMalrflBaHe cut down the principals and interests accrued

Ha rflaBHn_I]4 t4 nuxBt{ n0 HaTpynaH[ under debts to creditors on 31,01.2017 . napilqH[ 3agbflxeHun KbM 31.01,2017 When possible, the Companies shall provide roAilHa. B Koltro cnyLrar e Bb3MoxHo, assistance for the signing of Agreements nQpyxecraara qe crgertcrear 3a between the creditors and the Medical facility noAn[cBaHe Ha cnopa3yMeHrF Me)l(Ay provided that each reached Agreement has Kpeg[Topr4Te n fle.{e6Horo 3aBeAeHue, Karo to be finally confirmed by the Companies. BcflKo nocl4rHaro cnopa3yMeH[e rpn6aa ga The objective shall be to finalize negotiations 6rAe norerpgeHo or flpyxecraara. L]enra e with creditors by end June 2017, in view of AoroBapflHeTo c KpeA[TopilTe, c orneA the final calculation of MBAL PIRDOP AD oKoHqaTeIHoTo lt3r{l,1cneHre Ha debts. 3aAbnxeHrflra Ha,,MEAfl nilPflOn" A[, ga npilKnoqr Ao Kpafl Ha MeceLl ronu2017 r.;

2. flpegocraerr Suuancoar cpeAcrBa Ha 2, Provide financial assistance to the Medical

Ile.{e6Horo 3aBeEeHile, qpe3 : facility by means of:

2,1,naprveH npeBop no 6aHxoeara cMerKa 2.1. Payment to the bank account of the Ha fle,{e6Horo 3aBeAeH[e, B pa3Mep Ha Medical facility, of an amount equal to that of cyMaTa Ha oKoHqaTenHo onpeAefleHuTe B the debts, incurred by MBAL PIRDOP AD to pe3ynTaT Ha AoroBapflHr4flTa n0 creditors on 31 .01.2017 , which amount has npegxogHara roqKa 3agbnxeHilff Ha ,,MEAII been calculated following negotiations outlined nilPflOn' M ruu Kpegrropr4, Qopurpauu in the previous item above. The final re- Ao 31.01.2017 r. OxoxqarenHo negotiated total debt amount, but up to BGN npeAoroBopeHara o6qa cyMa Ha 1,5M, shall be divided in three equal parts 3aAbnxeHrflTa, Ho B pa3Mep 4o 1,5 unH, between the Companies. The Companies shall neBa u{e 6tge pasgeneHa Ha rpil paBHr provide this amount within three months, after qacrr Me)qy flpyxecraara. lpyxecrBara the final (re-negotiated) amount of hospital qe npeAocTaBflT Ta3il cyMa B Tp[MeceqeH debts has been calculated, unless repayment cpoK cneA onpeAenflHeTo Ha oKoHqaTenHaTa schedules under the terms of individual (npegoroaopeHara) cyMa Ha 3a4laxeHrnTa agreements signed with creditors do not Ha lle.{e6Horo 3aBeAeHre, ocBeH aKo no provision othenrvise. lf the amount payable to oTAenHu cnopa3yMeHr4fl c KpeA[Top[Te all creditors, i.e, contractors, suppliers, n0rachTeIHNTe nnaHoBe He consultants, personnel, budget organizations, npegBilxgar Apyrr cpoKoee. B cnyvalt ve etc., by the medical facility on 31 .01.2017 cyMaTa Ha 3arqbflxeH]49Ta KbM exceeds BGN 1.5M, after holding respective Bcr4r.{Kr4 KpeA[Topr4 (uanrnxnrenr, negotiations, the difference between BGN 1.5M AocTaBq[L{r4, KoHCyflTaHTH, nepcoHar, and the actual amount of hospital debts shall 6ngxerun opraHil3aLliltt tA Apytv) Ha be covered by the Shareholders and paid fle,{e6Horo 3aBeEeHre KbM 31.01.2017r,

Page 4 of 15 npoBeAeH[Te AoroBapnHufl HaABiluaBa within the 3-months deadline stipulated 1,5 MnH. fleBa, pa3nilKara Ao above, gefrcraurenHur pa3Mep Ha 3a4bnxeHilflra ua ,,MEAfl nilPflOn" A[ qe 6t4e noera or AxquoHepmre n 3annaTeHa B Tpr4MeceqH[f cpoK n0 npeAxoAHoTo r43peqeHile,

2.2.napnuen npeeo4/r no 6aHroeara cMerKa 2.2.Bank transfe(s) to the Medical facility na lleqe6Horo 3aBeAeHne B paMKilTe Ha within a 2-year period (02.2017 2 ro4rueH nepro4 p2.2017 - 01,2019 01.2019) at a total amount of BGN 600 exn.) a o6q pasuep ao 600 000 neaa, 000, or up to BGN 300 000 (three rnil Eo 300 000 (rprcra xunr4u) neaa hundred thousand) per annum, divided in roALluJHo, pa3AeneHa Ha Tp[ paBHil three equal shares between the qacril Mel

a) Ao 30 000 fleBa exeMeceqHo or a) up to BGN 30 000 each month, by the Arqroueprre, Shareholders,

b) Hag 30 000 neaa to 55 000 neaa Ha b) BGN 30 000 - BGN 55 000 in equal paBHh qacril or fipyxecraara, installments by the C0MPANIES,

c) uap 55 000 neea orAxquoneprre. c) above BGN 55 000 by the Shareholders.

3. firparnr Mecell, 3a xoilro u]e 6tge 3. The execution of the disbursement schenre npilnoxeHa ropenocoqeHaTa cxeMa 3a outlined above shall commence in February pa3nnaqaHe, e Seapyapra 2017 roprHa. 2017. The cash deficit generated in [eneprpaHrnr reryu] napilqeH 4e$rqr,tr sa February, March and April 2017 shall be $eapyapn, Mapr u anprn 2017 ropnna qe calculated based on the information provided 6tpe ravrcneH Ha 6asa Ha rH$opuaqrnra, by MBAL PIRDOP AD for these two months, npeAocraBeHa or ,,MEAfi nilPflOn" Afl sa and shall be disbursed under the payment Te3il Meceq[, h u.le 6upe il3nnareH no scheme described above, immediately after cxeMaTa, onhcaHa B npeAxoAHaTa ToqKa Companies approve the Plan-strategy for Henocpe4crBeHo cneg o4o6peHrae Ha sustainable development, in line with art 3, l1naH-crparett ATa sa ycror,tvrBo pa3BilTile

Page 5 of 15 or fipyxecrBara B cborBercrBr4e c qn. 3, t, item 7 of this Memorandum. 7 or HacroRqun MerraopaHAyM.

4. C orneg npocne,qnBaHe il TeKyq KoHrpon ln order to ensure ongoing monitoring and Bbpxy r43pa3xoABaHe Ha cpeACTBaTa, control over the spending of funds provided npeAocraBeH[ or flpyxecraara v1 by the COMPANIES and those by municipal cpegcrBara, npeAocraBeH[ or o6qrHcxure budgets, MBAL PIRDOP AD shall prepare a 6xl4xerr, ,,MEAI nilPflOn' A,Q rsroran Cash Deficit Report for each 6-months period orqer Ha peanr3ilpaHnn nap[qeH ge$nqur throughout the entire term of the 3a BcflKo G-rueceqre or nep[oga Ha Memorandum, i,e, 02.2017 - 01.2019. The gemcrare Ha Meuopaugyua (02.2017 - first reporting period shall cover 5 months, i.e, 01.2019 BKn,) (ntpernr orqereH nepilog February - June 2017. lf such a Report o6xaaqa 5-re MeceLla Ha neproAa shows that the actual cash deficit for each 6- i $eapyapr - oHr4 2017r). B cnyvafi ve e months period exceeds BGN 300 000, then pe3ynTaT Ha T0314 oTqeT, peanH[fT napl4qeH these additional expenses shall be covered geQraqr,rr 3a BceK[ 6 rr,tecerla HaAXBbpn[ by the Municipalities and disbursed from their cyMara or 330 000 neaa, AontflHilTeaHrre municipal budgets. Likewise, if the actual cpegcrBa qe 6tpar 3a cMerKa Ha cash deficit for the initial reporting period (i.e. o6quHcxrre 6pgxern r u.le 6tAar 5 months, February - June 2017) exceeds oc[rypflBaHra or 06qrHrre, PecneKT[BHo, BGN 275 000, then these additional aKo peanHrflT naphqeH ge$rqur 3a nbpBt4fl expenses shall be covered by the orqereH neprog (S-re ueceqa 3a neproAa Municipalities and disbursed from their $eapyapr,r - oHr4 2017 ro1uaa) Hagxeupnr municipal budgets. 275 000 neBa, AonbflH[TeI]H[Te cpegcrBa rqe 6rgar 3a cMerKa Ha o6qrucxrre broAxerr r u.le 6t4ar ocrrypeHr or O6quxure.

Cneg Kpafl Ha flHyapil 2019 ropilHa, 5, After January 2019, Companies shall have no flpyxecreara HflMa Aa [Mar Quxaucoa financial commitment to cover the financial aHraxilMeHT KbM noKpl4BaHero Ha needs of MBAL PIRDOP AD, including but SrHaHcoeure Hyx

t4H t Ablrr, BecTLl {1414.

6. B cnyvalt Ha ycraHoBflBaHe Ha HepegHocr 6. lf violations are established as to the way i np, or,,{[TaHe Ha [3Pa3xoABaHilTe spent amounts are accounted for and cpe4crBa, npegocraBeH[ or flpyxecraara, reported, the Companies shall suspend all ,e u.le cnpar Aa npeBexqar cYMilTe, payments provisioned under art 2 of this ] Llfl. 1 npe4ar4enra B 2 ot Hacroru.lt4n Memorandum, until the Medical facility settles MeuopaHgyrra, Ao oKoHL{arenHoro all breaches identified. orcrpaHFBaHe or crpaHa Ha Ile.{e6Horo 3aBeAeHile Ha KoHCTaT[paH[Te HapyueHiln.

Page 6 of 15 7. llrpaoro nnaqaHe no Hacronu.ll4fl 7. The first payment made by the Companres MeuopaugyM or crpaHa Ha lpyxecrBara under the present Memorandum shall be qe 6rpe il3BbpueHo cne4 np[eMaHe Ha made after the adoption of the Plan-strategy l1naH-crpareruflTa aa ycroftvrBo pa3Bltr[e for the Hospital's sustainable development, Ha ,,MEAfl nilPflOn" A[ crrnacHo qn. 3 r, as per art 3, item 7. 7.

9n. 3. ArquoHeprare no Hacronl4t4fl Art. 3. The Shareholders, who are Parties to this MenaopaugyM ce 3aAbnxaBar Aa: Memorandum, shall:

1. Y.{acrsar cbBMecrHo c ,,MEAII nilPflOn' 1, Participate jointly with MBAL PIRDOP AD A[rflpyxecrearaBAoroBapflHero, and the Companies in the negotiations npepBrAeHo B qn. 2, r.1, c rpe4ilTopl,1 Ha provisioned in arl.2, item 1 with the hospital's Ile,re6Horo 3aBepeHile 3a HaManflBaHe Ha creditors, so as to cut down principals and rnaBHfiqil V nnx9t/l n0 HaTpynaHil napilqHil interests on accrued financial debts. When 3aAbnxeHilfl. B xorro cflyqa[ e Bb3MoxHo, possible, Shareholders shall provide ArqroHepure u.le cr4eficraar 3a assistance for the signing of Agreements noAnrcBaHe Ha cnopa3yMeHilf Mexqy between creditors and the Medicalfacility, Kpe4[ropt4Te r Ieqe6Horo 3aBe4eHile;

fleficrear qpe3 KMeroBere Ha cborBerHrre 2. Act via the mayors of the respective o6r4rHr Bb3 ocHoBa Ha HaAnexHo municipalities, after having been dLrly ynblrHoMorJ.laBaHe or o6qrHcKnre cbBern authorized by the municipal councils, uncer no peAa v np|,/l. ycnoBilflra, npeABrAeHil B the terms and provisions stipulated by tne npilnoxr4Moro 3aKoHo4arencrBo a o6nacrra applicable legislation in the area of local self- Ha MeCTHOTo CaMoynpaBfl eHhe; government;

3. ll pegocraanr SraHaHcrpaHe or o6quucxrre 3, Provide financing from the municipal budgets, 6ogxeru no 6aHroaara cMerKa Ha to be paid to the bank account of the Medical Ile,{e6Horo 3aBeAeH[e. B paMKrre Ha 2 facility throughout a 2-year period, ie. roprueH nepiloA P2.2017 - 01.2019 axn,) 02.2017 - 01.2019 including, at the toial Ha cyMa a o6q pa3Mep po 720 000 neea, amount of up to BGN 720 000, or up to BGN vnn Ao 360 000 (rpr,lcra il uecrAecer 360 000 (three hundred and sixty thousand) xrnngr) neBa Ha ro4ilHa, 3a noKprBaHe Ha per annum, to cover the operating deficit oneparrBHiln geSnqrr, reHepupaH or generated by Hospital operations, on a 4erauocrra Ha fle,{e6Horo 3aBeAeH[e, Ha monthly basis, as indicated in art 2, item 2,2. g MeceqHa ocHoBa, Karro e onilcaHo qn. 2, t. The amount shall be divided between all 2.2. Cyuna r4e 6r4e pa34eneHa Me4qy Shareholders, based on the number of Borr{Kr4 AxquoHepr Bb3 ocHoBa Ha 6pon Ha residents in each municipality. ln view of the xurerilTe Ha BcflKa eAHa o6qraHa. objectives set out in this Memorandum, ArqnoHepure ce cbrflacflBar, qe 3a qen[Te Shareholders agree that they shall make a Ha Hacroflt4rn MeuopaHgyM, qe pa3Aennr breakdown of the above quoted amount into cyMara no npeAxoAHara ToqKa B npoueHTHo percentages that are proportional to the r3paxeHile B cborHoueHre KbM 6pon Ha number of residents in their municipalities, x[TeflfiTe B TexHilTe o6qrHr Bb3 ocHoBa Ha based on official data published by the NIS AaHH[Te, ny6nraxyeaHr or HCI/ KbM as of 15.04.2016 or a later date. ln order to 15.04.2016 r. rnil KbM no-KbcHa gara. C qen avoid future disputes as to the financial share rs6srsaHe Ha 6r4eu1u cnopoBe no pa3Mepa that each individual Shareholder has agreed Ha cyMaTa, KoflTo BceKU eAr4H 0T to provide, simultaneously with the signing cf Axqnoxeprare ce cbffracflBa Aa npeAocraBr, this Memorandum, Municipalities shall also eAHOBpeMeHHo C nOAn]4CBaHe Ha nan that sets out percenta

Page 7 of 15 I

Hacroflu.lr4fl Met'ltopaHpyt'lt, 06r4rHure u.le breakdowns based on resident numbers in noAniluaT cnopa3yMeHue, oTpa3f,Baqo each individual Municipality, compared to npoqeHTHoro r43paxeHre Ha 6pon Ha resident numbers in all municipalities HaceneHuero BbB acnxa o6qilHa cnpsMo combined. lf the operating deficit of the 6pon Ha HaceneHilero BbB BcllLtKt4 o6r4uHr Medical facility exceeds BGN 660 000 within B3el4 3aeAHo. B cnyvat,t ve onepar[BHt4sr a year, Municipalities shall be obliged to and 4e$r,tqr,tr Ha lle.{e6Horo 3aBefleH[e agree to provide additional funding from their HagBilrxr4 660 000 neBa B paMKilTe Ha eAHa municipal budgets. ropilHa, 06r4rHure AeKnapilpar I npheMar Aa ocilrypFr AonblrHilTenHilre cpeAcTBa 3a cMerKa ua o6qrHcrnre 6ogxerr.

4 Mece,{Hara cyMa qe 6tpe npeaeMaHa Bb3 4. Monthly installments shall be transferred on ocHoBa Ha npegcraBeHa or ,,MEAfl the grounds of a detailed budget breakdown nnPAOn" A[ Ao S-.]rcno Ha MeceLla submitted by MBAL PIRDOP AD by the 5{h noppo6Ha nnaH-cMerKa 3a nporHo3Hure day of the month, on its estimated expenses npilxoAl,1 il pa3x0Ar4, c oTpa3eH nporHo3eH and incomes, and with indicated cash deficit napilqeH ge$rar4,rr Ha Ileqe6Horo estimation for the current month. The cash 3aBegeHile 3a reKyu.l4r Meceq. [lpornoeHrnr deficit estimation shall be calculated as napilqeH ge$rqrr u.le ce Qopnarpa or follows: the amount of cash revenues minus cyMaTa Ha naprqHilTe nprxoAt4 Ml4Hyc the amount of cash expenses for the cyMaTa Ha naprqHrTe pa3x0A14 3a respective month, The amount of the cborBerHr4fl Mecell, Cyruara no nocoqeH[fl B estimated monthly cash deficit, indicated in nnaH-cMerKaTa nporHo3eH MeceqeH the budget breakdown, shall be transferred ge$raqrrr ao 30 000 neea il HaA 55,000 each month by the Shareholders, within the fleBa ce npeBe)qa exeMeceqHo 0T 10{h day of the respective month, when it is Arqraoueprre B cpoK Ao 10-ro qflcno Ha up to BGN 30 000 and over BGN 55 000. reKyqiln Meceq.

5 [a ocrarypnr 3a cMerKa Ha o6qrHcxnre 5. Provide additional funding from their 6ppxerr AonbnHilTenHilTe cpe4crBa 3a municipal budgets, for additional financing of go$rauaHcupaHe Ha geSrqrra Ha ,,MEAI MBAL PIRDOP AD deficit, if the total cash nilP[On' AA, e cnyvat,t qe naprqHrnT deficit of the Medical facility exceeds BGN 4e$raqrtr Ha fle,{e6Horo 3aBegeHhe 330 000 for a 6-months period, as of npeBruh cyMapHo 330 000 neea sa 6- 01.07 .2017 , and BGN 275 000 for the period Meceqile, cqilTaHo or 01,07,2017 ro1utta w February - June 2017. Shareholders shall 275 000 neBa 3a nepiloAa Qeapyapr - oHl4 transfer additional funds under the previous 2017 roputa. ArquoHeprre qe npeBexqar item above by the end of the month that AonbnHilTenHnre cpeAcrBa n0 npeAXoAHoTo follows the respective 6 (S)-month reporting il3peqeHue A0 Kpafl Ha Meceqa, cneABau{ period. cborBerHilfl 6 (S)-ueceveH orqereH nepro4.

6 [a ocltrypnr 3a cMerKa Ha o6qrHcrrre Ensure additional funding from their 6pgxerr flonbnHilTenHilTe cpeAcrBa 3a municipal budgets, to cover accrued debt to u3nnau{aHe Ha HaTpynaHhfl Ebnr KbM creditors on 31.01 .2017 , if its total final re- Kpeguropr4 KbM 31.01.2017 roAilHa, B negotiated amount exceeds BGN 1.5M. cnyvail qe HeroBilsr o6ul oKoHLlareflHo npe4oroBopeH pa3Mep HaAXBbpnu 1,5 unu. fleBa.

I ,[a msroranr 3aeAHo c ,,MEAfl nilP[On'A[ 7. Draft together with MBAL PIRDOP AD a l'lnan-crparenrfl 3a ycrofrvreo pa3BilTue Ha Plan-strateqy for the sustainable

Page 8 of 15 Ile'.{e6noro 3aBegeHile 3a nepiloAa 2017 - development of the Medical facility in 2019 rognua, pa3geneHa Ha rpilMeceqHa 2017-2019, organized on a quarterly ocHoBa 3a il3nbltHeH[e, BKnoqBau.la cTbnK[ basis, including steps and stages of v eTanv Ha npecTpyKTyprpaHe t4 restructuring and upgrade of hospital onrilMr43ilpaHe ger,tHocrra Ha fle.{e6Horo operations, as well as with clear 3aBeAeHile, KaKro il flcHl4 opraH[3aLliloHHlt organizational indicators, based on which noKa3areflil, npil Kot4To 6onHil,lHilre hospital wards shall renew their oT4eneH[fl qe noflHoBnaar gefiHocrra c[, functioning. This Plan-strategy shall l1naH-crparerhlra qe cbAbpxa 4eraranHu feature detailed annual operational and roAilurHr4 oneparilBHl4 r SrHaucoar financial forecasts and funding nporHo3r4 il HaquHr Ha SrHaHcurpate. Tosr mechanisms. This Plan must be nnaH cnegBa Aa 6tAe ogo6peH or approved by respective municipal cborBerHilTe o6quHr, Karo cneg ToBa, B councils and then be presented ior cpoK Ao 15.05,2017 r., Aa 6rge approval to the Companies as well, by npe4ocraBeH 3a ogo6peHrae r or 15.05,2017. Companies shall have tne fipyxecraara. lpyxecrBara rMar npaBoro right to make final remarks and Aa orpa3sr oKoHqarenHu 6enexxu v corrections on the Plan within 2 weeks KopeKll4r4 no finaHa B cpoK or 2 cegurqr following its submission. Once these cneA npeAcTaBflHeTo MY, KaTo CneA remarks are made, the Plan-strategy orpa3rBaHero fiM, l1naH-crparerilflTa u.le ce shall be considered an endorsed cqilTa 3a cbrnacyBaH h Ban[AhpaH 3a document, validated for execution. il3nbflHeHile A0KyMeHT.

8. Crrnacyaar npegBapr4Tenno c fipyxecrBara 8. Coordinate in advance with the Companies u ocTaHanrTe aKLll4oHepil npeKpaTflBaHeTo and the rest of the Shareholders, if they Ha yqacrhero cil Karo aKquoHep[ g ,,MEM decide to terminate their shareholder role nilPflon" M, regarding MBAL PIRDOP AD.

9n.4. ,,MEAI nl/P[On" A[ no Hacrof,t4t4fl Art.4. MBAL PIRDOP AD, which is Party to this MeuopaH4yM ce 3aAbnxaBa Aa: Memorandum, shall:

J4sroreil orqer 3a oKoHqareflH[fl pa3Mep Ha Draft a Report on the final amount of debt 3aAbflxeH[flTa cv, e rol4ro ca nocoqeHil due to creditors, by indicating creditor name, KpeAilTopa, Ibnra I naAexa, n Aa r0 the debt itself and the maturity date, This npeAcraBu ra fipyxecrBara r Arquouepmre Report must be submitted to the Companies B cpoK ao 15.05,2017 r. and Shareholders by 15.05.2017.

2. llpeAcraan Ha AxqroHepttfie n lpyxecreara 2. Submit to Shareholders and Companies exeMeceqHil oTqeT[ n0 il3pa3xoABaHnTe monthly reports on the expenditures under cyMil no Hacroflt4l4fl Meuopaxgyrvr. this Memorandum,

3. He il3BbpuBa nnau.laHilfl t43BrH Make no payments for operations that are not pelluocrrre, npeABilAeHr e [lnaH- provisioned for in its Plan-strategy for CTpaTerilflTa 3a yCrOttvraO pa3B[T[e, sustainable development that covers BKnpqBau{ npecTpyKTypilpaHe v restructuring and upgrade, 0nTilMr3aLlu9.

4. [a h3rorBfl orqer Ha peanil3ilpaHilfl 4. Draft a Cash Deficit Report every 6 months, napilqeH 4e$rqrr 3a BcffKo 6-Mece,{ue Ha in 2017 and 2018 (the first reporting period 2017 n 2018 ropilHtl (nrparnr orqereH covers February - June 2017). nepilog oOxaaqa Seapyapra - aw 2017 r).

Page 9 of 15 5. [a rsrorar il Aa cna3Ba flnaH-crparerilF 3a 5. Draft and comply with the Plan-strategy for ycror,tvreo pa3Bvrrile Ha lle,{e6Horo the sustainable development of the Medical 3aBeAeHile, o6xaaqaq nept4oAa 2017 -2019 facility, covering the period 2017-2019 and roAilHa, pa3AefleH Ha TpilMeceqHa ocHoBa organized on a quarterly basis, incl. steps 3a il3nbtHeHile, BKnoqBau.l cTbnKil il eTanil and stages of restructuring and upgrade of Ha npecTpyKTypt4paHe [ onTilMLl3ilpaHe hospital operations. This Plan-strategy shall getrHocrra Ha Ileqe6Horo 3aBefleHile. flnaH- feature detailed operational and financial crparer[era u]e cbflbpxa gerafinum forecasts and funding mechanisms. SunaHcoan il oneparilBHt4 np0rH03t4 tA Haq[Hil Ha QrHaHcrpaue.

6. flpegocraer Ao 15.05.2017 r. 3a 6. By 15.05.2017, submit to the Companies for crrnacyBaHe c lpyxecraara ogo6peHara or approval the Plan-strategy for the sustainable cborBerH[Te o6quHr [1nau-crparer[fl 3a development of the Medical facility, endorsed ycror,tvrao pa3BilTre Ha lle,{e6Horo by respective municipals. 3aBeAeHile.

7. [a npegcraBfl Ha flpyxecraara v 7. Submit to Companies and Shareholders by Axqroueprre Ao 5-ro qucflo Ha Mecella the s-th day of each month a detailed nogpo6Ha MeceqHa nflaH-cMerxa 3a monthly budget breakdown of estimated cash nporHo3H[Te napuLlHl4 np[x0414 Ml4HyC revenues minus cash expenses, to indicate napnqHil pa3x0[14, K09T0 u{e noKa3Ba the hospital's estimated cash deficit for the nporHo3Hr4e naprqeH ge$nqnr Ha current month. fle.{e6Horo 3aBeAeHne 3a reKyqrfl Meceq.

qucro 14 and B. [o 15-ro exeMeceqHo [a [3rorBfl By the 15-th day of each month, draft npegcraBfl na fipyxecrBara r Axqrouepnre submit to Companies and Shareholders a nap[qeH oTqer 3a HanpaBeH[Te pa3xoAil no financial report on incurred expenses, by BrAoBe il nnaqaH[flTa KbM AocraBqilLll4 items and payments to suppliers, for the npe3 npeAxogHt4fl Meceq, 3ae4Ho c preceding month. Along with cost reporting, orq[TaHe Ha cpeAcTBaTa u{e npeAocTaBg MBAL PIRDOP AD shall also submit a exeMeceqeH oTqeT 3a nporpeca n0 Monthly Progress Report on the execution of il3nbnHeHile Ha l1naH-crpareruflTa 3a the Plan-strategy for its sustainable ycroltvrao pa3BilT[e, KaKro vl Ha llnaH- development, as well as on the execution of rpa$nra 3a MepKilTe, npeABrEeH[ B He[o. all scheduled measures, provisioned therein.

I [o 15-ro q[cro exeMeceL]Ho ,,MEAII 9. By the 15-th day of each month, MBAL nilPAOn' A,[ rsroren r npeAocraBr Ha PIRDOP AD shall draft and submit to the and lpyxecraara OllP (orver 3a npilxoAl4 14 Companies a statement of incomes pasxogr,t), 6anaHc L1 orqer 3a napn{H14fl expenses, a balance sheet and cash flow n0T0K 3a npeAxoAHl4f, MeceL{. report for the previous month.

. [a npegocraBfl Ha flpyxecraara a cpor or 5 10. Submit to the Companies, within 5 working and pa6orHr AHh BcrKaKBa Apyra SrHancoaa u days, any other requested financial oneparilBHa r,tHSoprr,taqr,tn ea geilHocrra Ha operational information about hospital Ileqe6Horo 3aBeAeHre, noilcKaHa or rflx. operations.

Page 10 of 15 11. Cnagea 6rnrapcroro 3aKoHogareflcrBo B 11. Comply with Bulgarian health care legislation,

o6nacrra Ha 3ApaBeona3BaHero, KaKTo 14 and ensure financial discipline as to its $rcxanua Ailcr..UnflilHa npil N3BbprxBaHe Ha operations, without allowing non-eligible gerauocrra cv, 6es Aa AonycKa payments to third parties with the funds HepernaMeHTupaHr nnau.laH[fl cbc granted under the present Memorandum. The cpegcrBara no Hacroflu.14fl MeuopaHgyu Medical facility shall have no right to spend KbM Tperil nilLla. fle,{e6noro 3aBeAeH[e any of the funds granted by Companies and HEMa npaBo Aa HapeMa cpeAcTBaTa, from municipal budgets, on any advertising nony'.{eHil or lpyxecrBara il or o6quucrrre campaigns, services and supplies of goods 6pAxeru 3a KaKBrro u Aa e pa3xoAh 3a and consumables which are outside the peKnaMH[ KaMnaHnr, ycnyril h AocTaBKh Ha scope of its medical operations, including croKl4 t4 KoHcyMar[Bl4 r43BbH getlHocrra cr, a payments for consultancy and legal services,

TOBa 9[CIl0 3annaqaHe Ha KOHCyflTaHTCKI4 1,1 without the prior consent of Companies and ]opr44ileecK[ ycflyrn 6es npeABapilTenHo Shareholders. The Medical facility shall cbrnacyBaHe c ,Qpyxecreara tn immediately notify the Companies, if it Arqrorepure. fleqe6Horo 3aBe4eHile establishes fiscal discipline violations or non- yBeAoMFBa Hesa6asHo flpyxecraara, B eligible spending of the funds granted by cnyvar,l qe ycTaHoBr4 Hecna3BaHe Ha Companies and Municipalities, incl. payments SucranHa AilcqilnflhHa vnv KoHcrarfipa for consultancy and/or legal services without HepernaMeHTIpaHo il3pa3xoABaHe Ha the prior consent of Companies and cpe4crBara, npeAocraBeHil or fipyxecraara Shareholders, The Medical facility shall r O6quHnre, B ToBa q[cro 3a n3BbpueHo undertake due measures to remedy 3annaqaHe Ha KoHcynraHTcKr4 ulunu established deficiencies. ropr44r4qecKh ycflyru 6ee npeABapilTeflHo crrnacyBaHe cbc fipyxecraara tn Axquoueprre, il npe4npileMa MepKil no

12, Yqacraa cbBMecrHo c ArqroHeprre v 12. Participate jointly with Shareholders and fipyxecraara B AoroBapeHero, npeABilAeHo Companies in the negotiations provisioned in a qn. 2, r. 1, c KpeAhropr4Te Ha fleqe6Horo art 2, item 1 with hospital creditors, so as ro 3aBeAeHile c orneA HaMaflflBaHe Ha cut down principals and interests on accrued rnaBHn_lr4 t4 nAxBtA n0 HaTpynaH[ napilqHil financial debts. Following negotiations, MBAL 3aAbnxeHilR, CneA Te3r nperoBopr, ,,MEAI| PIRDOP AD shall draft and sign an nilP[On' A[ ule no[roTBl4 14 nofinrue Agreement reached with its creditors for BCflKO AOCTilTHaTo Cnopa3yMeHue C cutting down principles and interests on debts

KpeAilTopl4Te 3a HaManflBaHe rnaBHnqil L1 accrued by the hospital, flr4xBr4 no 3apbnxeHflsra Ha fleqe6soro 3aBeAeHhe.

13. OpraHuerapa exeMeceqHr cpeqr Mex4y 13.Organize monthly meetings between all cTpaHhTe no T0314 A0r0B0p 3a npeAocraBFHe Parties to this Memorandum, to present its Ha rx$oprrraqnfl no nporpeca Ha progress on applying prescribed upgrade il3nrflHeHueTo Ha 3aroxeH[Te MepKr 3a measures, as well as provide any other onTilMr3aLlilfl, KaKro 14 BCflKaKBa Apyra information regarding its operations that is uH$opuaqrn sa ger,trocrra cla, KoflTo e related to the spending of Memorandum cBbp3aHa c il3pa3xoABaHe Ha cpeAcTBaTa funds. no MerraopaH4yrr,ta.

Pagellof15 lil YCNOBIfl NO NPEKPATflBAHE UNV III. MEMORANDUM TERMINATION oTTErIf, HE OT MEMOPAHAyMA. DISENGAGEMENT TERMS

9l .5. (1) fipyxecraara uMar npaBo Ea ce Art.5. (1) COMPANIES shall have the orrernflT or Hacronr4r4fl Meuopangyu B disengage themselves from cnyvar/l ve: Memorandum, if:

1, CurnacyaaHara Me4qy O6qrnrre [naH- 1. The Plan-strategy envisaged under art 3, crparen4fl, npeABilAeHa e,{n. 3, r. 7, pecn, item 7, respectively art 4, item 5 of this qn, 4, r.5 or MenaopaHgyua, He 6tge Memorandum, that has been agreed upon by npegocraBeHa Ha fipyxecraara B cpoK Ao all Municipalities, has not been submitted to 15.05.2017 t., vnv the Companies by 15,05 .2017 , or

2, l1naH-crpare.rAflTa npeAB[AeHa a,,{, 4 r.6 He 2. The Plan-strategy envisaged under art 4, 6rge ogo6peHa B cpoK or 2 cegurLlil cneA item 6 has not been endorsed within 2 weeks' npeAocraBsHe Ha KoMeHTapil or cTpaHa Ha time, after Companies submit their comments fipyxecraara rrur on it, or

3 ArqroHeprre He noracflT B ycraHoBeHrfl 3. Shareholders fail to pay off within the cpoK, nocor{eH B qn, 2, T.2, nogrovxa 2.1., indicated deadline, set out in at 2, item 2, h3peqeHile nocfleAHo, cyMara Ha sub-item 2.1., last sentence, the amount of npocpoqeH[Te 3agrnxeHilfl Ha ,,MEAI1 the overdue debts of MBAL PIRDOP AD on nilPEOn' A[ KbM 31.01.2017 r 31.01.2017 , exceeding BGN 1.5M, or HagB[uaBaqa 1,5 MflH. fleBa, ilnr4

4 06qrHure He il3nblrHflBar B cpoK 4. Municipalities fail to meet their obligations 3aArnxeHilflTa cr4, cBbp3aH[ c oc[rypflBaHe (within the specified deadline) for ensuring Ha cpegcrBa 3a goSrHaHcrpaHe Ha financial resources for the additional funding geQrtqr,tra Ha fleqe6Horo 3aBegeHhe, of Medical facility deficit, as per art 3, item 4 cbmacHo ..{n. 3, r,4 nt, 5, nnvl and item 5, or tr He nonyvaaar B cpoK llr$opn,taqrnra or They fail to receive, within the specified ,,MEAII nilPflOn" A[, nocoveHa s qn. 4, deadline, information due from MBAL VNV PIRDOP AD and set out in art 4, or o ArqroHepure rnr usxor,t or rflx He r3nbrHt4 6. When Shareholders or any given 3aAbflxeHilero cv no qfl, 4, T. 13 or Shareholder fails to meet his obligations Hacroer{r4fl MeuopaxgyM, nntl under art 4, item 13 of this Memorandum, or

6rAe o6paayaaHo AoctAe6Ho 7. Pre-trial proceedings has been instituted in npo[3BogcrBo ilnil '.ifleH Ha Ynpaeurenurr connection with the activities of the Medical cbBer Ha ,,MBAII nilPflOn" A[ 6uge facility or Board member of MBAL PIRDOP nphBneqeH Karo o6ehHse[a B TaKoBa AD has been constituted as accused party to npoil3BoACTBO nO nOBOA Eet HOCrra Ha such proceedings. Ie.re6Horo 3aBeAeHile.

Page 12 of 15 (2) Orrernnuero Ha HflKoe or flpyxecraara (2) Disengagement of any of the Companies can Moxe Aa ce il3BbpUJ]4 r/ Bb3 oCHoBa Ha also take place if based on objective grounds, o6exrileHI npilqilH[, Karo rKoHoMt4qecKa such as economic crisis, sudden inflation, Kph3a, pnaxa rH$naqrR, He6naronpilsrHr unfavourable market conditions, change of na3apHu ycrroBl4fl, npoMFHa Ha Company ownership or amendments to its co6craeHocrra Ha cborBerHoro,Qpyxecrao corporate policies, as well as any other vnn npoMflHa BbB BtTpeUHrTe My circumstances that entail objective nofl[Tt4Kt4, KaKro il 4pyru o6croflTellcrBa, termination of the Company's commitments o6ycnaanqil npeKparflBaHe Ha yL{acrilero to this Memorandum. My B Hacroflqmn MeuopaHgyM.

(3) Ocaer ocHoBaH[era, nocoqeH[ e an. 1 il an. (3) Except under the terms outlined in item 1 and 2, scsxo or flpyxecrBara no cBor npeqeHKa, 2 above, any Company can, at its own Moxe Aa ce oTTernil 0T yqacTue B discretion, disengage itself from this Meuopaugyua, a cnyuafi Ha ycraHoBeHil Memorandum in the event of identified nnau.laHilfl c npeflocraBeHilTe SuHaHcoar payments with granted funds that fall outsiCe cpeAcTBa rcBbH qenilTe Ha HacToflt4]4fl the objectives of the Memorandum. Meuopangyrvr.

(4) OnernnHero Ha HflKof, or O6qr,tHnre naoxe (4) Disengagement of a Municipality shall ce Aa ce h3Bbprur4 caMo Br3 ocHoBa Ha possible only if that Municipality ceases to be npeKpaTflBaHe Ha yqacTileTo Ha a Shareholder in MBAL PIRDOP AD, cborBerHara o6qrHa B KaqecrBoro r,t Ha aKl{kroHep a ,,MEAI nilPfiOn'AA.

9n.6. Hacronqrnr MeuropaHgyru Moxe Aa Art.6. This Memorandum can be terminated at 6r4e npeKpareH no Bcf,Ko BpeMe no any time by mutual written consent reached B3ailMHo n[CMeHO Cbrnacfie MexAy between the Parties. cTpaHuTe no Hero,

N. AOnbnH[TEIHt4 PmnOPEEEI4 IV. ADDITIONAL PROVISIONS

9n.7. Bcnro eAHo or fipyxecraara no Art.7. Each of the COMPANIES can, at their co6craeHa npeqeHKa onpe4efln $oprvrara sa own discretion, determine how to grant npe4ocraBflHe Ha QuHaHcoB[Te cpeAcrBa - required funds, i.e. as a donation or interes! AapeHue vnv 6eenrxeeH 3aeM. ,,MEAII free loan. MBAL PIRDOP AD understands nilPflOn'A[ pas6rapa h ce cbrnacflBa Aa and agrees to sign a separate Agreement cKflK)lil4 oTAefleH A0r0B0p cbc cboTBeTHoTo with the respective Company for all funds fipyxecrao 3a BceKa eAHa or cyMilTe, granted under the terms of this npeAocraBeHa cbrnacHo HacToFl4]4fl Memorandum. MeuopaHgyr'lt.

9n. 8. OpraHraeaqr,roHHara $optua Ha Art.8. The organizational form of representation npeIcTaBilTencTBo v Ha yqacT[e Ha and participation of the Companies in the ,[pyxecraara B nperoBop[Te no \n. 2, t. 1 e negotiations envisaged in art 2, item 1, is BbTpeutHa npelleHKa Ha BcflKo eAHo oT subject to their own discretion, on a case-by- fipyxecraara 3a BceK[ KoHKpereH cnyvalr. case basis.

Page 13 of 15 9l 9. Bcrvrr cynar, xouro flpyxecrBara ca Art.g. All amounts transferred by the npeBenh no cMerKara Ha Ileqe6Horo Companies to the bank account of the 3aBeAeHre cneA 01 ,01.2017 r, Ao Aarara Ha Medicalfacility after 01 .01.2017 until the date noAnhcBaHe Ha Hacronl{nn MenaopaHgylvt, of signing this Memorandum, shall be ule ce npilcnaAHar or QuuaucoBu cpegcrBa, deducted from the funds granted by them npeAocraBeHil or fipyxecraara no 1031,1 under the present Memorandum. Meuopaugytr,t,

I Hacrofll{l4fl Art. By signing this Memorandum 9rl. 10. C no4nrcBaHe Ha 10, I MeuopaH4yu:

1. Kl4eroeere Ha o6qnHure AeKnapilpar, qe He 1. Mayors declare that they are not aware of uM e il3BecrHo Aa e o6pasyeano AoctAe6Ho any instituted pre-trial proceedings in npo[3BoAcrBo no noBoA pet/lHocrra Ha connection with the activities of Medical Ile.ie6Horo 3aBeAeHre, facility

2. l4enunHr4renHusr Arperrop Ha MEAn 2. The Executive Director of the Medical facility [lr,tpgon AeKnapilpa, qe He e o6pasyeaHo declares that there is not instituted pre-trial AocrAe6Ho npo[3BogcrBo vnv qfleH Ha proceedings in connection with the activities YnpaerrenHrfl cbBer na ,,MEAII nilPflOn" of the hospital or Board member of MBAL A[ He e npilBneqeH Karo o6e[Hne[a a PIRDOP AD has not been constituted as TaKOBa npoil3BoAcTBo no noBoA Aet,1uocrra accused party to such Proceedings Ha fl e.re6Horo 3aBeAeHhe,

He la3genHa qacr or HacrontLlt4fl MeuopaHpyu lnseparable parts of this Memorandum are: ca

l1nan-crparerilfl 3a ycrot,tvrao pa3BilTue The Plan-strategy for the sustainable Ha ,,MEAII llttpgon" A[, rsroraeHa or development of MBAL PIRDOP AD, Ile,{e6Horo 3aBeAeH[e, BKnoqBau{a which has been drafted by the Medical npecrpyKryp[paHe r 0nT]4M1434qilfl, facility (for its restructuring and upgrade) cbBMecrHo c Arqrtoneprre r opo6peHa together with the Shareholders, and or flpyxecraara; endorsed by the COMPANIES;

o fiexnapaqr,rr or 03.04.2017 r,, Declaration signed on 03.04.2017 by the no4nilcaHa or KMeroaere Ha o6quHrre Mayors assuming the financial 3a noeMaHe Ha $uHaHcoB aHraxilMeHT commitment to cover the operating deficit 3a noKpl4BaHe Ha oneparvBlvlfl geSnqNr of the Medical facility for the period sa lleqe6uoro 3aBeAeHile 3a nepiloAa 01.02.2017 - 01.31.2018 and approving 01.02.2017 r. - 31.01.2018 t. n 3a the Plan-strategy for sustainable npileMaHe Ha [1naH-crPareruflTa 3a development of MBAL PIRDOP AD, ycroutvrao pa3B[The Ha ,,MEAII nytPflon" Al

Page 14 of 15 Hacronqrnr MeuopaHgyM ce cbcraBn B ToflKoBa This Memorandum has been drawn in as many egHoo6pasuu eK3eMnflflpa KonKoro ca crpaH[Te identical copies as there are Parties thereto, and n0 Hero, K014T0 ce noAnilcaxa 0T TexH[Te signed by their representatives, as follows: Kaffio

3A IPyXECTBATA / FOR THE COMPANIES:

,,EIlAql4TE MEII" AII/ ELATZITE MED AD: ,,AtHAl4 nPEUbC MET EAA DUNDEE PRECIOUS CHELOPECH

ir Drag6nov, Eng, p-p ulx.l4ntta J4entnHrreneH cEt!.( PEeIt

l-{aeraHxa J4xoHo[,t[,{ecxr / Commercial

,,AYPYEl,lC EbnrAPHfl" AA / AUW BULGARTA AD: ,1 UU Trru Kypr / Tim Kurt TlenrnHilreneH Director

3A,,MEAII PIRDOP AD:

Dr.

IA OEIIHHHTE / FoR THE MUNtCtP/ h'''v7 Tlttx.Mar4aneHa WyWlvanova,Eng Kuer Ha , Zlatitsa

l-.[aeraHxa l(oruna I Kuer ua ol

J rHx. CrosH I Hng. , Chelopech Kuer ua

14HX. Eng. Kuer Ha o6rqraHa Municipality

Page 15 of 15 i,ypy{t,f=itrffii,rFfi,qtE I=-.*.Uri:ilI], ri,. i {i6prrom AEK/|APALM+

' flonyno4nvca+ureKMeroBe naO6r4uun:

{xren l-epoa - Kruer ua 06rqrxa lfup4on; fleH,{o [epoe_- Kn,ter ua 06r4r,tHa qrrnap; Mar,anena _ lzlaaxoea Krrler xa O6ulr,nrrd bn.rrr* [aeranxa Vloruna- Kuer na 06qr,ril Mdil;;--'-' Anercu Kecsros - Kuer na O6u.lralra genone,.l lronnfapvee - Kuer ua O6rquua AnroH; [enqo [ep4anoa - Kuer Ha 06qnna KonpNaqrqa

Hacronqoro c t4 BbB BpHKa c rcucKBaH uATa HaMeMopaHAyMa Me)KAy ceAeMTe o1uquuusa @ApaBsBaHe u cralunneupaHe Ha,,MEM irroon

f,EKflAPT4PAME,

t{e noeMaMe aHrax[MeHT Aa $warrcupaMe onepar nu*trage6r,tqr,lr Ha 6onuuqara B r u tr fi ,: ]' in il aoi ;, /, cu,4o i;_ffraKa fleKnapnpaue,qe 3#X if3,,# l,ml*: cMe 3anosHaT[ l:fl:t S: l :T:a, C rlnau-crprr.rrrr 3a pa3Bhrr4. r. Tmr nepnoA noAKpen,Me d;i]:?I; , Auce aHraxilpauf aa ftRe,cre-#e;; t, p;;ilr,; nrau.

AHren [epoe - Krrler ua O6r4rana flupgon:

HeHqo [epos - Kuer na O6qr,tra Vaegap:

Mar4aneHa l4eaHoea - Kuer na 06quHa

[seraHra noruua- Kuer ua 06u1rua Muproao:

Anercu Kecsxoe - Knaer na O6rqrHa genoneq: :

Crosn [apvee - Knaer na O6t4nuaAHron:

l-enqo l-ep,qaHoe - Kuer na O6rqrana

43.04.20,N7r. np,llnpgon