LOAN NUMBER 9435-BR




          Guarantee Agreement
   Progestão Alagoas: Public Sector Efficiency and Modernization Project
(Programa de Sustentabilidade Fiscal, Eficiência e Eficácia do Gasto Público do
                             Estado de Alagoas)



                                   between


                  FEDERATIVE REPUBLIC OF BRAZIL


                                     and


           INTERNATIONAL BANK FOR RECONSTRUCTION
                      AND DEVELOPMENT
                                                  -1-


                                                                           LOAN NUMBER 9435 -BR


                                        GUARANTEE AGREEMENT

       AGREEMENT 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 the Signature Date between the Bank and
STATE OF ALAGOAS (“Borrower”), concerning Loan No. 9435-BR (“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 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 Economy.

        Section 3.02. For purposes of Section 10.01 of the General Conditions:

        (a)     the Guarantor’s address is:

                Ministério da Economia
                Procuradoria Geral da Fazenda Nacional
                Esplanada dos Ministérios, Bloco "P" - 8º andar
                70048-900 Brasília, DF
                Brazil; and

                With copy to:

                Ministério da Fazenda
                Secretaria do Tesouro Nacional
                Coordenação-Geral de Controle da Dívida Pública
                Esplanada dos Ministérios, Bloco P, Ed. Anexo, Ala A – 1º andar, sala 121
                Brasília, DF, 70048-900 – Brazil
                                          -2-


        Ministério do Planejamento e Orçamento
        Secretaria de Assuntos Internacionais e Desenvolvimento
        Esplanada dos Ministérios, Bloco K - 7º e 8º andar
        70040-906, Brasília, DF
        Brazil; and

(b)     the Guarantor’s Electronic Address is:

        E-mail: apoiocof.df.pgfn@pgfn.gov.br

        With copy to:

        E-mail: gecod.codiv.df.stn@tesouro.gov.br
        cofiex@economia.gov.br

Section 3.03. For purposes of Section 10.01 of the General Conditions:

        (a)     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:

        E-mail: jzutt@worldbank.org


        With copy to:

        E-mail: informacao@worldbank.org
                                         -3-




AGREED as of the later of the two dates written below.


                               FEDERATIVE REPUBLIC OF BRAZIL


                               By
                                               _____________________________________/gs1/
                                                 Authorized Representative
                                                          Fabiani Fadel   Borin
                                                   Name: __________________________/gn1/
                                                           Attorney of the National Treasury
                                                   Title: __________________________/gt1/
                                                          24-set-2024
                                                   Date: __________________________/gd1/


                               INTERNATIONAL BANK FOR
                               RECONSTRUCTION AND DEVELOPMENT


                               By
                                               _____________________________________/gs2/
                                                 Authorized Representative
                                                         Johannes Zutt
                                                   Name: __________________________/gn2/

                                                          Country Director
                                                   Title: __________________________/gt2/
                                                          24-Sep-2024
                                                   Date: __________________________/gd2/