OFFICIAL      I
DOCUMENTSP
LOAN NUMBER 8308-MA
Guarantee Agreement
(Additional Loan for the Office National de I'Electricit6 et de I'Eau Potable (ONEE)
Support Project (formerly, Office National de I'Electricit6 (ONE) Support Project))
between
KINGDOM OF MOROCCO
and
INTERNATIONAL BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Dated  -: eo,2013


LOAN NUMBER 8308-MA
GUARANTEE AGREEMENT
AGREEMENT, dated                 \, , 2013, entered into between
KINGDOM OF MOROCCO ("Guarantor") and INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT ("Bank") ("Guarantee Agreement") in
connection with the Loan Agreement of same date between the Bank and OFFICE
NATIONAL DE L'ELECTRICITE ET DE L'EAU POTABLE ("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.
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 3.01. The Guarantor's Representative is the Minister of Economy and
Finance.
Section 3.02. The Guarantor's Address is:
Minist re de l'Economie et des Finances
Avenue Mohammed V
Rabat
Kingdom of Morocco
Cable address:                            Facsimile:
MINFIN                                    212-537-67-75-30/31


-2-
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                    _ c  ,  coc.-Co  as of the day and year first
above written.
KINGDO OF M ROCCO
By
Authorized Representative
Name:         0
Title:     427~ AAA
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
By                          dR
Authorized Representativ
Name: ~
Title: