Contract on supplying electric power

y consumed during the period 01.01 - 30.06.2026 and 27.94 lei/MWh for the energy consumed during the period 01.07 - 31.12.2026, excluding VAT, a tariff that will replace the provisions of Art. 1, paragraph (1), line 3 of Annex no. 5 to the Supply Contract - DETERMINATION OF THE DELIVERY PRICE AND THE VALUE OF ELECTRICITY, without any other formalities being required in this regard. (2) THE WEIGHTED AVERAGE ELECTRICITY PURCHASE PRICE FOR THE DELIVERY MONTH SHALL BE ESTABLISHED AS THE RATIO BETWEEN THE TOTAL COUNTER VALUE AND THE TOTAL QUANTITY OF ELECTRICITY PURCHASED FROM THE OPCOM SPECIFIC MARKETS. (3) THE COUNTER VALUE OF THE ELECTRICITY DELIVERED TO THE CONSUMER IS DETERMINED AS THE PRODUCT BETWEEN THE DELIVERED ELECTRICITY QUANTITY DETERMINED ACCORDING TO ANNEX NO. 4 AND THE DELIVERY PRICE THEREOF. (4) THE COUNTER VALUE OF THE REACTIVE ELECTRICAL ENERGY THAT FALLS TO THE CONSUMER IS INVOICED SEPARATELY; Article 2. (1) The expenses determined by the mandatory tariffs corresponding to the regulations in force shall be added to the equivalent value of the electric power: a) the equivalent value of the expenses for the introduction in the transport network (Tg), if applicable; b) the equivalent value of the electric power distribution expenses; c) the equivalent value of the electric power transport and system expenses; d) the equivalent value of the expenses for the contribution to the high-efficiency cogeneration; e) the equivalent value of the expenses for the green certificates; f) the excise tax on electric power as set out in the fiscal legislation. 2026 CFR NETWORK STATEMENT ANNEX 27.a Version: 15.1.1 Update: 20.01.2026 Page: 21 / 28  Compania Naţională de Căi Ferate “CFR” S.A. Romania g) the equivalent value of the CfD contribution to the CfD Counterparty by the CfD contribution payers - electricity consumers. (2) The tariffs set out at letters b and c shall apply to the values of the concessionaire distributors in case of fixed consumption places and of other consumption places for which the determination of the electric power supply area is certain. (3) For the consumption places other than those mentioned in paragraph 2 the levied tariffs shall be determined as follows: i. The equivalent value of the expenses of the consumption places set out in paragraph 2 shall be deducted from the total equivalent value of the expenses related to the tariff; ii. The electric power supplied to the consumption places set out in paragraph 2 shall be deducted from the total quantity of electric power; iii. The average price shall be determined on the basis of the reporting of the values determined in accordance with points i and ii. (4) During the validity period of the Contract, the Supplier shall have the right to introduce new elements for the calculation of the equivalent value of the electric power, if they are imposed by the amendments of the regulations in force. In these cases, the amendments shall be applied in accordance with the provisions of the Contract regarding the change in the circumstances. (5) In the calculation templates used for data processing, the number of decimal places shall be established by the Supplier in compliance with the provisions of the legislation specific to the energy and tax field. SUPPLIER, CONSUMER, CEO DEPUTUY DIRECTOR GENERAL SUPPLY DIRECTOR SUPPLY DIRECTOR 2026 CFR NETWORK STATEMENT ANNEX 27.a Version: 15.1.1 Update: 20.01.2026 Page: 22 / 28  Compania Naţională de Căi Ferate “CFR” S.A. Romania Art. 1. (1) During the term of the contract, for each month of delivery, in the first five days of the month following the month of consumption, the Supplier issues an estimated consumption invoice equal to the estimated equivalent of the quantity of electricity consumed by the Consumer calculated by applying the price of electricity consumed in the network in the last month invoiced in full to the average consumption made by the respective Consumer for a period of up to twelve months. This represents the “after delivery” invoicing method; (2) In the absence of a consumption history, the quantity of electricity taken into account when issuing the estimated consumption invoice is the one contracted by the Consumer, the electricity price being the one applied in the network in the last month invoiced in full; (3) calculated at the amount of 75% of the equivalent value of the quantity of electric power consumed by the Consumer in the last month for which the partial settlement invoice was issued in accordance with this Contract or the previous contract. 4) In the absence of a consumption history, the quantity of electricity taken into account when issuing the advance invoice is the one contracted by the Consumer, the electricity price being the one applied in the network in the last month invoiced in full; Article 2. . (1) In the month following the contractual month of consumption, the Supplier issues a partial settlement invoice representing the difference between the partial equivalent value of the electricity consumption for the contractual month calculated according to the Contract and the equivalent value of the estimated consumption invoice or the equivalent value of the advance invoice, as the case may be, depending on the Consumer's option for the payment method. (2) The invoice will be accompanied by a calculation note detailing the equivalent value of the electricity, the delivery price and the quantity of electricity. Article 3. (1) After the suppliers of the services related to the electric power consumption have settled all the expenses imposed by the regulations in force (balancing, markets, consumption settlements, etc.), the Supplier shall issue a final settlement invoice representing the difference between the total final equivalent value of the electric power consumption for the contract month calculated in accordance with the Supply Contract and the equivalent value of the previously issued partial settlement invoice, in accordance with Article 2. During the validity period of the provisions of GEO 27/2022, the final settlement invoice shall be issued for the final price of the electric power consumed, pursuant to the provisions of GEO 27/2022. (2) The invoice shall be accompanied by a calculation note containing the details of the equivalent value of the electric power, the supply price and the quantity of electric power. (3) The reactive electric power shall be separately invoiced, and shall not be included in the final price. Article 4. Art. 4. (1) The Consumer shall pay the Supplier the invoices issued in accordance with Art. 1, Art. 2 and Art. 3, within 15 (fifteen) calendar days from their upload through the national electronic invoice system RO e-Factura, administered by ANAF, except for the situation provided for in Art. 4 paragraph (2); (2) If the Contract is concluded on a date which, by complying with the payment term provided for in paragraph (1), exceeds the date of commencement of delivery, the value of the advance invoice shall be paid by the Consumer within 5 (five) calendar days from the date of its upload through the national electronic invoice system RO e-Factura, administered by ANAF. (3) In the event that the due date determined in accordance with paragraph (1) is not a financial day, the invoice shall be paid on the first financial day following this date. (4) The invoice is considered paid by the Consumer on the date on which the payment appears as made in the Supplier's bank statement, or the date of the Minutes of the meeting issued by the Training Center for Industrial Personnel (CPPI) in the case of settlements made by compensation order. 2026 CFR NETWORK STATEMENT ANNEX 27.a Version: 15.1.1 Update: 20.01.2026 Page: 23 / 28  Compania Naţională de Căi Ferate “CFR” S.A. Romania (5) Upon request of the Supplier, the Consumer shall send to the Supplier, within a maximum period of 5 days, the supporting documents regarding the payment referred to in paragraph (4). (6) The invoice issued by the Supplier shall be sent to the Consumer in electronic format to the e-mail addresses specified in Annex 9, and the due date shall be calculated from the date of upload through the national electronic invoice system RO e-Factura, administered by ANAF. Article 5. Art. 5. For the settlement of the value of invoices issued by the Supplier in accordance with the provisions of this Agreement, the Parties agree to use the following payment instruments: a) payment order – when the operation is carried out through a bank; b) compensation order – when the operation is carried out only with the prior written consent of the Supplier obtained within the first 5 (five) business days from receipt of the invoice, and the compensation is completed by the due date for payment of the invoice; if the completion of the compensation exceeds the due date for payment of the invoice, the consumer will bear the penalties provided for in Art. 1 – Annex no. 8 of this Agreement. Article 6. ((1) If an amount invoiced by the Supplier is contested in whole or in part by the Consumer, the latter shall submit a written note to the Supplier containing his objections, within 30 (thirty) days from the date of receipt of the invoice, and shall pay the amount remaining uncontested by the payment deadline. Invoices not contested by the Consumer within the period mentioned in this article shall be deemed accepted by the Consumer starting with the day immediately following the expiry of this period. (2) The Consumer's objections exercised in compliance with the provisions of paragraph (1) of this article, with regard to the invoiced amounts presented in the written note, shall be reconciled between the parties within 5 (five) working days from the date of receipt of the claims formulated by the Consumer, following which the appropriate adjustments shall be made after the conciliation. (3) For disputed amounts, but subsequently established amicably, owed by the Consumer, the latter shall pay, in addition to the amount owed, a penalty calculated according to the provisions of Annex no. 8. (4) If, following the appeal, the invoiced amounts have been reduced, the Consumer shall be refunded any amounts and related penalties calculated in accordance with Annex no. 8, already paid, corresponding to the respective reduction. (5) In this case, the Supplier shall issue a cancellation invoice (in red) for the amount by which the initial invoice has been reduced. (6) No penalties shall be charged for the difference between the contested amounts and those established amicably or by the competent courts. Article 7. The Consumer shall opt for the following payment option: 1) Advance payment (in accordance with Art. 1 paragraph (3) of the current Annex) 2) Payment after delivery (in accordance with Art. 1 paragraph (1) of the current Annex) NOTE: upon conclusion of the Contract, the desired variant will be retained, the other variant being excluded by crossing out, the Parties expressing their consent in this regard, without the need to sign an additional act. Art. 8. During the course of the Contract, the Parties may agree to change the payment method provided for in the Contract from the "advance" payment method to the "after delivery" payment method or vice versa only if the Consumer does not have outstanding debts towards the Supplier at the date of the request, in which case an additional act will be concluded in this regard. SUPPLIER, CONSUMER, CEO FINANCIAL DIRECTOR SUPPLY DIRECTOR 2026 CFR NETWORK STATEMENT ANNEX 27.a Version: 15.1.1 Update: 20.01.2026 Page: 24 / 28  Compania Naţională de Căi Ferate “CFR” S.A. Romania Annex No. 7 PENALTIES AND DAMAGES Article 1. (1) In case of the non-payment of the amounts owed by the Consumer within the contract payment deadlines set out in the Contract there shall be paid late payment interests as follows: a. the late payment interests shall be calculated for each day of delay starting from the day immediately following the payment due date and up to the date of the payment of the due amount, included; b. the late payment interest rate shall be 0.03% for each day of delay. It shall be correlated by concluding an Addendum whenever there occurs a change in the legal late payment interest which is set at the level of the reference interest rate of the National Bank of Romania plus 8 percentage points, in accordance with the provisions of Article 3(21) of GO No. 13/2011 setting the penalty and remunerative legal interest for monetary obligations, as well as some financial and fiscal measures in the banking sector, with its further supplements and amendments. c. Escrow bank deposit; d. Escrow account with cash collateral. (2) The financial guarantee shall meet cumulatively the following conditions: a) not to be revoked by the issuer and be executed by the supplier; b) expressly provide that it is issued in favor of the supplier solely to guarantee the obligations arising under the current contract; c) have a period of validity longer with 85 days than the period of validity of the supply contract; d) to be expressed in lei at the value set by the supplier. (3) All fees and bank charges relating to the provision of payment guarantees shall be borne by the consumer. (4) The value of the payment guarantees shall be as follows: FG = Vmz x Tpayment = ................. = ...................... without VAT (..................... lei with VAT), where: - Vmz - the average daily counter value of electricity consumed by the consumer in the last 12 months, respectively the estimated average daily counter value for the next 12 months, if there is no consumption history for the last 12 months, respectively ......... .................. lei without VAT; - Tpayment - the number of days between the start date of the contractual month and the date when the supplier may apply the measures to limit the access of the traction units to the railway contact network, respectively 50 days, according to the provisions of the contract. (5) The presentation term of the payment guarantees issued in accordance with paragraph (1) at the Supplier's premises shall be of at least 3 financial days prior to the first day of delivery of the electricity. Article 2. (4) The value of the payment guarantees shall be as follows: FG = Vmz x Tpayment = ................. = ...................... without VAT (..................... lei with VAT), where: - Vmz - the average daily counter value of electricity consumed by the consumer in the last 12 months, respectively the estimated average daily counter value for the next 12 months, if there is no consumption history for the last 12 months, respectively ......... .................. lei without VAT; - Tpayment - the number of days between the start date of the contractual month and the date when the supplier may apply the measures to limit the access of the traction units to the railway contact network, respectively 50 days, according to the provisions of the contract. 2026 CFR NETWORK STATEMENT ANNEX 27.a Version: 15.1.1 Update: 20.01.2026 Page: 25 / 28  Compania Naţională de Căi Ferate “CFR” S.A. Romania (5) The presentation term of the payment guarantees issued in accordance with paragraph (1) at the Supplier's premises shall be of at least 3 financial days prior to the first day of delivery of the electricity. (1) The supplier has the right to compare the value of the already established payment guarantees with the value of the actually consumed energy and to request their updating, but not earlier than 6 months, respectively 3 months, for new consumers from the date of constitution/date of last update. (2) In case his consumption level justifies it, the Consumer can notify the Supplier for the updating of the payment guarantees. Within 5 (five) working days from the receipt of the respective request, the Supplier shall notify the Consumer of the updated value of the calculated payment guarantees. Article 3. The Consumer is obliged to send the original documents to the Supplier attesting to the updating of the financial guarantee within 5 (five) days from the date of receipt of the update notification sent in accordance with the provisions of Art. 2. Article 4. (1) If the consumer does not fulfill the payment obligations towards the supplier at contractual terms, the supplier is entitled to: a) to notify the consumer of the intention to execute the payment guarantees at the end of 4 days from the payment deadline established by the notice of power interruption, issued according to art. 17 of the Contract; b) to execute the financial guarantee constituted within the limit of the payment obligations unpaid upon the fulfillment of the term of electricity supply interruption established by the notice. (2) If the amou