OFFICIAL DOCUMENTS LOAN NUMBER 8888-EC Guarantee Agreement (Additional Financing for the Guayaquil Wastewater Management Project) between REPUBLIC OF ECUADOR and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 2 LOAN NUMBER 8888-EC GUARANTEE AGREEMENT AGREEMENT entered into between the REPUBLIC OF ECUADOR ("Guarantor") and the INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT ("Bank") ("Guarantee Agreement") in connection with the Loan Agreement of the Signature Date between the Bank and the Empresa Municipal de Agua Potable y Alcantarillado de Guayaquil, EP EMAPAG EP ("Borrower"), concerning the Loan No. 8888-EC_ ("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) apply to and form 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 declares its commitment to the objectives of the Project. To this end, without limitation or restriction upon any of its other obligations under the Guarantee Agreement, 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. For purposes of Section 10.01 of the General Conditions the Guarantor's address is: Ministry of Economy and Finance Avenida Amazonas Entre Pereira y Uni6n Nacional de Periodistas Plataforma Gubernamental de Gesti6n Financiera, Pisos 10 y 11 Quito, Ecuador Facsimile: (5932) 3998500 3998400 3 Section 3.03. For purposes of Section 10.01 of the General Conditions the Bank's Address is: International Bank for Reconstruction and Development 1818 H Street, N.W. Washington, D.C. 20433 United States of America; and (b) the Bank's Electronic Address is: Telex: Facsimile: 248423(MCI) or 1-202-477-6391 64145(MCI) AGREED as of the later of the two dates w en below. REPUBLIC E ADOR By Authorized Represeniktive 1ame: -Fte"el'/S(-O,~4/5v Title: ff Fe4doL 70 7H6 V5,4 Date: /IVH4E ,O9, .2O/f INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By /Authorized Representative Name: HQver 10,42- Title: 9&67A jcj1, Ver -4L,q . Vy Date: lVy yl- J,), -$20/e?