Page 1 CONFORMED COPY LOAN NUMBER 7613-IN Guarantee Agreement (Financing Public Private Partnership In Infrastructure Through Support to the India Infrastructure Finance Company Limited Project) between INDIA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated October 13, 2009 Page 2 LOAN NUMBER 7613-IN GUARANTEE AGREEMENT AGREEMENT, dated October 13, 2009, entered into between INDIA (“Guarantor”) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (“Bank”) (“Guarantee Agreement”) in connection with the loan agreement of same date between the Bank and INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED (“Borrower”) (“Loan Agreement”). The Guarantor and the Bank hereby agree as follows: ARTICLE I – GENERAL CONDITIONS; DEFINITIONS 1.01. The General Conditions (as defined in the Appendix to the Loan Agreement) constitute an integral part of this Agreement. 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 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, and the punctual performance of all the other obligations of the Borrower set forth or referred to in the Loan Agreement. ARTICLE III – REPRESENTATIVE; ADDRESSES 3.01. The Guarantor’s Representative is any Secretary, Additional Secretary, Joint Secretary, Director, Deputy Secretary or Under Secretary of the Department of Economic Affairs in the Ministry of Finance of the Guarantor. 3.02. The Guarantor’s Address is: Department of Economic Affairs Ministry of Finance New Delhi 110 001 Page 3 2 India Cable address: Telex: Facsimile: ECOFAIRS 953-31-66175 91-11-23093422 New Delhi FINE IN 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 1-202-477-6391 Washington, D.C. 64145 (MCI) AGREED at New Delhi, India, as of the day and year first above written. INDIA By /s/ Anup K. Pujari Authorized Representative INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By /s/ N. Roberto Zagha Authorized Representative