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Program ‘Harvest'

Designated purpose

Harvesters assembled and/or manufactured in the territory of the Republic of Kazakhstan*

Maturity

up to 7 years

First leasing payment

at least 10% of the value of subject of leasing

Collateral

not required/required

Grace period for principal

 

 

no

 

 

Grace period for interest

Interest rate

 

14.5 %

Annual effective rate

 

 

from 14.8%

Special terms

1) the first leasing payment shall be at least 10% of the value of subject of leasing. At that, for the lessees previously financed by the Company the first leasing payment by the decision of the Company's Credit Committee may be made after transfer of the subject of leasing but not later than September 15 (for winter grain crops) and November 15 (for spring grain crops) of the current calendar year;

2) if the first leasing payment is made before transfer of the subject of leasing, no collateral is required;

3) if the subject of leasing transferred before the first leasing payment, the following collateral with the pledge value of at least 10% of the total value of the subject of leasing shall be provided as security of performance of the obligations on its payment:

- pledge of grain of current year harvest to be received in future* (before execution of pledge of grain under the grain receipt). The pledge agreement shall be executed before transfer of the subject of leasing to the Lessee;

- pledge of grain under the grain receipt (after harvesting). Collateral after the first leasing payment shall be released;

- or other liquid property (before payment of the first leasing payment). Collateral shall be released after the first leasing payment.

4) the lessee shall provide the documents supporting the availability of sown land plots.

Principal and Interest Repayment Schedule

- principal repayment: at least 1 (one) time a year;

- interest repayment: at least 1 (one) time a quarter.

* Subjects of leasing under the Program ‘Harvest' may be obtained within ‘Master-leasing'. The service ‘Master-leasing' is an opportunity to open a leasing credit line for the agricultural sector entities and fixing the financing limit by means of leasing for 1 (one) year, within which the borrower may within 1 (one) year enter into the financial leasing contracts under the terms applicable at the date of contracts without recurrent provision of a full set of documents within 1 (one) year.

Approved by the Resolution of the Board of Directors of KazAgroFinance JSC No.6 dated 28.03.2018