Of FICIAL tj~ DOCUMENTS; LOAN NUMBER 8379-BR Guarantee Agreement (Rio Grande do Sul Strengthening Fiscal And Water Resources Management Development Policy Loan - Programa de ConsolidaVdo do Equilibrio Fiscal para o Desenvolvimento do Estado do Rio Grande do Sul - 11) between FEDERATIVE REPUBLIC OF BRAZIL and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated " 4 O ,2014 LOAN NUMBER 8379 -BR GUARANTEE AGREEMENT AGREEMENT, dated A- ao , 2014, entered into between FEDERATIVE REPUBLIC OF BRAZIL ("Guarantor") and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT ("Bank") ("Guarantee Agreement") in connection with the Loan Agreement of same date between the Bank and STATE OF RIO GRANDE DO SUL ("Borrower") ("Loan Agreement"). The Guarantor and the Bank hereby agree as follows: ARTICLE I - GENERAL CONDITIONS; DEFINITIONS Section 1.01. The General Conditions (as defined in the Appendix to the Loan Agreement) constitute an integral part of this Agreement. Section 1.02. Unless the context requires otherwise, the capitalized terms used in this Agreement have the meanings ascribed to them in the General Conditions or in the Loan Agreement. ARTICLE II - GUARANTEE Section 2.01. The Guarantor hereby unconditionally guarantees, as primary obligor and not as surety merely, the due and punctual payment of all Loan Payments payable by the Borrower pursuant to the Loan Agreement. ARTICLE III -REPRESENTATIVE; ADDRESSES Section 3.01. The Guarantor's Representative is its Minister of Finance. Section 3.02. The Guarantor's Address is: Minist6rio da Fazenda Procuradoria Geral da Fazenda Nacional Esplanada dos Ministdrios, Bloco "P", 8o. Andar 700048-900, Brasilia, DF BRAZIL Facsimile: (55-61) 3412-1740 Section 3.03. The Bank's Address is: International Bank for Reconstruction and Development 1818 H Street, N.W. Washington, D.C. 20433 United States of America Cable: Telex: Facsimile: INTBAFRAD 248423 (MCI) or (202) 477-6391 Washington, D.C. 64145 (MCI) AGREED at%An Af e,i e = F3ders vi'je TgVs4bGo 13.'6raqmt, as of the day and year first above written. I FEDERATIVE P L OF BRAZIL By Authorized Representative INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By -9 Authorized Representative -2-