LOAN NUMBER 9320-TR Guarantee Agreement (Additional Financing for the Turkey Geothermal Development Project) be twc en REPUBLIC OF TURKEY and INTERNATIONAL HANK FOR RECONSTRUCTION AND DEVELOPMENT LOAN NUMBER 9320-TR GUARANTEE AGREEMENT AGREEMENT entered into between REPUBLIC OF TURKEY (“Guarantor”) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (“Bank”) (“Guarantee Agreement”) in connection with the Loan Agreement of the Signature Date between the Bank and TURKIYE SINAI KALKINMA BANKASI AS. (“Borrower”), concerning Loan No. 9320-TR (“Loan Agreement”). The Guarantor and the Bank hereby agree as follows: ARTICLE 1—GENERAL CONDITIONS; DEFINITIONS Section 1,01. The General Conditions (as defined in the Appendix to the Loan Agreement) apply to and form pan 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. 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 3.0]. The Guarantor’s Representative is its Minister of Treasury and Finance. Section 3.02. For purposes of Section 10.01 of the General Conditions: (a) the Guarantor’s address is: T.C. Hazine ye Maliye Bakanligi menu Bulvari No. 36 Emek-Ankara Turkey; and -.3- (b) the Guarantor’s Electronic Address is: Facsimile: (90) (312) 204-7366 (90) (312) 204-7367. Section 3.03. For purposes of Section 10.01 ofthe General Conditions: (a) the Bank’s Address is: International Bank ror Reconstruction and Development 1818 I-I Street, NW, 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) -3- AGREED as of the later of the two dates written below. REPUBLIC OF TURK By Name: Dr. Serhat KOKSAL Acting Oirector General Title: Date: 21 flFC 7R71 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By Authorized Representative Name: A-U&usrc ?Ca-a A”2 Title: Cece Ad bi’QEcnvC Date: 2eca--4tr I, o21