OFFICIAL DOCUMENTS LOAN NUMBER 8843-TR Guarantee Agreement (Sustainable Cities Project 2) between REPUBLIC OF TURKEY and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated 1 A, 2018 LOAN NUMBER 8843-TR GUARANTEE AGREEMENT AGREEMENT entered into between REPUBLIC OF TURKEY ("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 ILLER BANKASI ANONIM SIRKETI ("Borrower"), concerning Loan No. 8843-TR ("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. 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 its Undersecretary of Treasury. Section 3.02. For purposes of Section 10.01 of the General Conditions: (a) the Guarantor's address is: Basbakanlik Hazine Mustesarligi Inni Bulvari No. 36 Emek-Ankara Turkey; and -2- (b) the Guarantor's Electronic Address is: Facsimile: (90) (312) 204-7366 (90) (312) 204-7367 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: Telex: Facsimile: 248423(MCI) or 1-202-477-6391 64145(MCI) -3- AGREED as of the later of the two dates written below. REPUBLIC OF TURKEY By Authorized Representative Name: Raci KAYA Title: Deputy UnderceeMtWy Date: \c 4(.10 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By Authorized Representative Name: 1 cL'r-uo Title: AAi(d Date: k-(1a