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CONFORMED COPY 
 
LOAN NUMBER 7326-BR 
 
Guarantee Agreement 
 
(Brasilia Environmentally Sustainable Project 
–
Programa Brasilia Sustentável
)
between 
 
FEDERATIVE REPUBLIC OF BRAZIL 
 
and 
 
INTERNATIONAL BANK FOR RECONSTRUCTION 
AND DEVELOPMENT 
 
Dated February 23, 2006 
 
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LOAN NUMBER 7326-BR 
GUARANTEE AGREEMENT 
AGREEMENT, dated February 23, 2006, between the FEDERATIVE 
REPUBLIC OF BRAZIL (the Guarantor) and the INTERNATIONAL BANK FOR 
RECONSTRUCTION AND DEVELOPMENT (the Bank). 
WHEREAS (A) the Guarantor and the Federal District (the Borrower), having 
been satisfied as to the feasibility and priority of the project described in Schedule 2 to 
the Loan Agreement (the Project), have requested the Bank to assist in the financing of 
the Project;
 
(B) 
by the Loan Agreement of even date herewith between the Bank and the 
Borrower, the Bank has agreed to extend to the Borrower a loan in the amount of fifty-
seven million six hundred forty-three thousands Dollars ($57,643,000), on the terms and 
conditions set forth in the Loan Agreement, but only on condition that the Guarantor 
agree to guarantee the payment obligations of the Borrower in respect of such loan as 
provided in this Agreement; and 
WHEREAS the Guarantor, in consideration of the Bank’s entering into the Loan 
Agreement with the Borrower, has agreed so to guarantee such obligations of the 
Borrower; 
NOW THEREFORE the parties hereto hereby agree as follows: 
ARTICLE I 
General Conditions; Definitions 
Section 1.01. The “General Conditions Applicable to Loan and Guarantee 
Agreements for Fixed-Spread Loans” of the Bank dated September 1, 1999 (as amended 
through May 1, 2004), with the modifications set forth in Section 1.01 of the Loan 
Agreement (the General Conditions) constitute an integral part of this Agreement. 
Section 1.02. Unless the context otherwise requires, the several terms defined in 
the General Conditions and in the Preamble to this Agreement and in the Preamble to and 
Section 1.02 of the Loan Agreement have the respective meanings therein set forth. 
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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 the principal 
of, and interest and other charges on, the Loan, and the premium, if any, on the 
prepayment of the Loan, all as set forth in the Loan Agreement. 
ARTICLE III 
Representative of the Guarantor; Addresses 
Section 3.01. The Minister of Finance of the Guarantor is designated as 
representative of the Guarantor for the purposes of Section 11.03 of the General 
Conditions. 
Section 3.02. The following addresses are specified for the purposes of Section 
11.01 of the General Conditions: 
 
For the Guarantor: 
 
Ministério da Fazenda 
 
Procuradoria Geral da Fazenda Nacional 
 
Esplanada dos Ministérios, Bloco "P" - 8º andar 
 
70048-900 Brasília, DF 
 
Brazil 
Facsimile: 55-61-34121740 
 
For the Bank: 
 
International Bank for 
 
Reconstruction and Development 
 
1818
H
Street, N.W. 
 
Washington, D.C. 20433 
 
United States of America 
 
Cable 
address: 
 Telex: 
  Facsimile: 
 
INTBAFRAD 
 
248423 (MCI) or 
(202) 477-6391 
 
Washington, D.C. 
  64145 (MCI) 
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IN WITNESS WHEREOF, the parties hereto, acting through their duly 
authorized representatives, have caused this Agreement to be signed in their respective 
names in the District of Columbia, United States of America, as of the day and year first 
above written. 
 
FEDERATIVE REPUBLIC OF BRAZIL 
 
By /s/ Roberto Abdenur  
Authorized Representative 
 
INTERNATIONAL BANK FOR 
 
RECONSTRUCTION AND DEVELOPMENT 
 
By /s/ Laura Tuck 
 
Authorized Representative