Paloma Anos Casero Country Director Brazil 29-Nov-2021 ________ His Excellency Mr. Cláudio Bomfim de Castro e Silva Governor State of Rio de Janeiro Palacio Guanabara - Rua Pinheiro Machado s/n° Laranjeiras 22238-900 - Rio de Janeiro, RJ Brazil His Excellency Paulo Guedes Minister of Economy Ministry of Economy Procuradoria Geral da Fazenda Nacional - PGFN Esplanada dos Ministerious, Blogo P - 8° Andar 70048-900, Brasilia, DF Brazil Excellencies, Re: Amendment to Loan Agreements We refer to the Loan Agreements entered into between the State of Rio de Janeiro (the “Borrower”) and the International Bank for Reconstruction and Development (the “Bank”) in respect of the Loans listed in Annex 1 to this letter (the “Loan Agreements”) and the Guarantee Agreements, entered into between the Federative Republic of Brazil (the “Guarantor”) and the Bank in respect of the Loan Agreements. We also refer to the letter, dated as of the date hereof explaining the rationale for the requested amendments, and our subsequent discussion on the execution and delivery of documents under the Loan Agreements by electronic means. In connection with the LIBOR transition planning and the Bank’s objective to pr eserve alignment between its funding and lending costs, we hereby confirm the Bank’s agreement to amend the relevant provisions of each of the Loan Agreements for the Loans listed in Annex 1 to this letter so as to modify the General Conditions and Loan Agreements applicable to such Loans as provided in Annex 2 to this letter. In the interests of fairness, transparency, and consistency, we are offering the same terms to all borrowers for all Bank loans. Not all of the terms will be relevant for all borrowers. However, signing this proposal will ensure that all of your loans will be amended to preserve your economic bargain with the Bank over the full lifetime of those loans. Moreover, in order to facilitate the execution and delivery of this amendment and any future documents under the Loan Agreements by electronic means, we hereby confirm the Bank’s agreement to amend the relevant provisions of each of the General Conditions dated prior to July 14, 2017 applicable to the Loans by applying, mutatis mutandis, the provisions relating to execution by electronic means and electronic documents set forth in the applicable General Conditions dated December 14, 2018 (revised on August 1, 2020) to such General Conditions. Please confirm your agreement with the foregoing by signing, dating and returning to us the enclosed copy of this letter. This amendment shall become effective upon due execution by both parties. Sincerely, Paloma Anos Casero Country Director Brazil AGREED: THE STATE OF RIO DE JANEIRO Cláudio Bonfim de Castro e Silva By : Title : Governador do Estado do Rio de Janeiro Date : 31-dez-2021 AGREED: FEDERATIVE REPUBLIC OF BRAZIL Sônia de Almendra Freitas Portella Nunes By : Title : Procuradora da Fazenda Nacional Date : 04-jan-2022 CC: Sr. Marcelo Pacheco dos Guaranys, Secretário Executivo, Ministério da Economia, secretariaexecutiva@economia.gov.br; Sr. Roberto Fendt, Secretário, Secretaria de Comércio Exterior e Assuntos Internacionais, agenda.secint@economia.gov.br; Sra. Cinara Maria Fonseca de Lima, Chefe de Gabinete, Ministério da Economia, gabinete.ministro@fazenda.gov.br; Sr. Erivaldo Alfredo Gomes, Secretário, SAIN/ME, sain@economia.gov.br; erivaldo.gomes@economia.gov.br; Sr. Carlos Eduardo Lampert Costa, Subsecretário, SAIN/ME, sain@economia.gov.br; carlos.lampert@economia.gov.br; Sr. Marcos Guimarães, Subsecretário, SAIN/ME, sain@economia.gov.br; marcos.m.guimaraes@economia.gov.br Sr. Bruno Funchal, Secretário do Tesouro Nacional, gab.df.stn@tesouro.gov.br; Sr. Ricardo Soriano de Alencar, Procurador Geral, PGFN/ME, apoiocof.df.pgfn@pgfn.gov.br; Sr. Marcus Barreto, General Coordinator of External Financing, marcus.barretto@economia.gov.br; Sr. Abraham Weintraub, Diretor Executivo para o Brasil, Banco Mundial; Sr. Santiago Pastrana, Diretor Executivo Adjunto para o Brasil, Banco Mundial; ANNEX I List of Loans by Project Name and Number Original Loan Commitment Agreement Index Project Name Principal Number Currency Signing Date Type Amount 7508 Rio de Janeiro Mass Transit Project - PET USD 44,000,000 13-May-2008 LIBOR Rio de Janeiro Mass Transit 2 Project – 7719 Programa Estadual de Transportes – PET II USD 211,700,000 24-Sep-2009 LIBOR Rio de Janeiro Sustainable Rural Development Project Projeto de Desenvolvimento Rural Sustentável 7773 em Microbacias Hidrográficas-Rio Rural USD 39,500,000 14-Dec-2009 LIBOR Fiscal Sustainability, Human Development and Competitiveness Development Policy Loan - Programa de Desenvolvimento Econômico, Social e de Sustentabilidade Fiscal do Estado 7827 do Rio de Janeiro — PRODESF USD 485,000,000 22-Mar-2010 LIBOR Renovating and Strengthening Public Management (PRÓ-GESTÃO) Technical Assistance Project – Programa de Renovação e Fortalecimento da Gestão Pública - PRÓ- 7955 GESTÃO USD 18,673,000 22-Nov-2010 LIBOR Rio de Janeiro Metropolitan Urban and Housing Development Policy Loan - “Programa de Habitação e Desenvolvimento Urbano 8011 Metropolitano Sustentável – PROHDUMS” USD 485,000,000 9-Aug-2011 LIBOR Upgrading and Greening the Rio de Janeiro Urban Rail System Project - Additional Financing for the Rio de Janeiro Mass Transit 2 Project - Adicional ao Programa Estadual de 8117 Transportes - PET 2 USD 600,000,000 5-Sep-2012 LIBOR State of Rio de Janeiro Fiscal Efficiency for Quality of Public Service Delivery Development Policy Loan Programa de Desenvolvimento Econômico, Social e de Sustentabilidade Fiscal II do 8191 Estado do Rio de Janeiro — PRODESF II USD 300,000,000 30-Oct-2012 LIBOR Additional Financing for the Rio de Janeiro Sustainable Rural Development Project – Financiamento Adicional ao Projeto de Desenvolvimento Rural Sustentável em 8200 Microbacias Hidrográficas-Rio Rural/FA USD 100,000,000 19-Aug-2013 LIBOR Enhancing Public Management for Service Delivery in Rio de Janeiro Development Policy Loan Programa de Melhoramento da Qualidade e Integração dos Transportes de Massa Urbanos 8307 - PROMIT USD 500,000,000 3-Dec-2013 LIBOR Strengthening Public Management and Integrated Territorial Development Technical Assistance Project - Programa de Fortalecimento da Gestão do Setor Público e do Desenvolvimento Territorial 8327 Integrado RIO METROPOLE PRÁGESTÃO II USD 48,000,000 30-Apr-2014 LIBOR -5- Loan Agreements Amendment ANNEX II Amendments to General Conditions applicable to Loans 1. Article III, Section 3.021, paragraph (c) is amended as follows: “(c) If interest on any amount of the Loan is based on LIBOR or EURIBOR, and the Bank determines that (i) such Reference Rate has permanently ceased to be quoted for the relevant Currency, or (ii) the Bank is no longer able, or it is no longer commercially acceptable for the Bank, to continue to use such Reference Rate, for purposes of its asset and liability management, the Bank shall apply such other Reference Rate for the relevant Currency, including any applicable spread, as it may reasonably determine. The Bank shall promptly notify the Loan Parties of such other rate and related amendments to the provisions of the Loan Agreements, which shall become effective as of the date of such notice. In exercising this authority, the Bank shall act solely to maintain and preserve the pre-existing relationship between its borrowing costs and its lending rates, and will not seek any commercial advantage for itself.” 2.2 Article III, Sections 3.02 or 3.03, as applicable, are amended by adding a new paragraph in accordance with the applicable numbering sequence, as follows: “(--) If the Bank determines that (i) LIBOR has permanently ceased to be quoted for the relevant Currency, or (ii) the Bank is no longer able, or it is no longer commercially acceptable for the Bank, to continue to use LIBOR, for purposes of its asset and liability management, the Bank shall apply such other reference rate for the relevant Currency, including any applicable spread, as it may reasonably determine. The Bank shall promptly notify the Borrower or the Guarantor of such other rate and related amendments to the provisions of the Loan Agreements, which shall become effective as of the date of such notice. In exercising this authority, the Bank shall act solely to maintain and preserve the pre-existing relationship between its borrowing costs and its lending rates, and will not seek any commercial advantage for itself.” 3.3 Sub-paragraph (c) in the defined term “Reference Rate” in Appendix, as applicable, is amended as follows: 1 Applicable to loans governed by the General Conditions of post-2010 vintages (General Conditions for Loans, dated July 31, 2010; General Conditions for Loans, dated March 12, 2012; General Conditions for IBRD Financing: Investment Project Financing (2017); General Conditions for IBRD Financing: Development Policy Financing (2017); General Conditions for IBRD Financing: Program for Results (2017)). 2 Applicable to loans governed by the General Conditions that contained the defined term “LIBOR” (General Conditions Applicable to Loans and Guarantee Agreements for Fixed Spread Loans, dated September 1, 1999 (also, the version as amended through May 1, 2004); General Conditions for Loans, dated July 1, 2005 (also, the version as amended through October 17, 2007 and February 12, 2008)). 3 Applicable to loans governed by the General Conditions that contained the defined term “Reference Rate” (General Conditions for Loans, dated July 31, 2010; General Conditions for Loans, dated March 12, 2012; General Conditions for IBRD Financing: Investment Project Financing (2017); General Conditions for IBRD -6- Loan Agreements Amendment “(c) if the Bank determines that (i) LIBOR (in respect of USD, JPY and GBP) or EURIBOR (in respect of Euro) has permanently ceased to be quoted for such currency, or (ii) the Bank is no longer able, or it is no longer commercially acceptable for the Bank, to continue to use such Reference Rate, for purposes of its asset and liability management, such other comparable reference rate for the relevant currency, including any applicable spread, as the Bank shall reasonably determine, and notify to the Borrower pursuant to Section 3.02(c), provided that, in exercising this authority, the Bank shall act solely to maintain and preserve the pre- existing relationship between its borrowing costs and its lending rates, and will not seek any commercial advantage for itself; and” Amendments to Loan Agreements4 1. The relevant provisions of certain Loan Agreements specifying the applicable interest rate of the Loan based on LIBOR are amended by adding a new sub-paragraph in accordance with the applicable numbering sequence, as follows: “(--) If the Bank determines that (i) LIBOR has permanently ceased to be quoted for the relevant Currency, or (ii) the Bank is no longer able, or it is no longer commercially acceptable for the Bank, to continue to use LIBOR, for purposes of its asset and liability management, the Bank shall apply such other reference rate for the relevant Currency, including any applicable spread, as it may reasonably determine. The Bank shall promptly notify the Borrower or the Guarantor of such other rate and related amendments to the provisions of the Loan Agreements, which shall become effective as of the date of such notice. In exercising this authority, the Bank shall act solely to maintain and preserve the pre-existing relationship between its borrowing costs and its lending rates, and will not seek any commercial advantage for itself.” Financing: Development Policy Financing (2017); General Conditions for IBRD Financing: Program for Results (2017)). 4 Applicable to legacy Single Currency Loans governed by the General Conditions Applicable to Loan and Guarantee Agreements for Single Currency Loans of May 30, 1995 (also the versions as amended through October 6, 1999, December 2, 1997 and May 1, 2004), which refer to interest related provisions in the Loan Agreements.