Common use of Fungibility Clause in Contracts

Fungibility. The Reopening 2031 Bonds will be consolidated, constitute a further issuance of, form a single series, and be fully fungible with the Republic’s outstanding U.S.$1,250,000,000 and U.S.$216,969,673 aggregate principal amount of 4.375% USD Bonds due 2031 issued on January 23, 2019 and October 2, 2019, respectively.

Fungibility. The Reopening 2031 Bonds will be consolidated, constitute a further issuance of, form a single series, and be fully fungible with the Republic’s outstanding U.S.$1,250,000,000 U.S.$1,250,000,000, U.S.$216,969,673 and U.S.$216,969,673 U.S.$400,000,000 aggregate principal amount of 4.375% USD Bonds due 2031 issued on January 23, 2019 and 2019, October 2, 20192019 and July 2, 2020, respectively.

Fungibility. (i) The Reopening 2031 Bonds will be consolidated, constitute a further issuance of, form a single series, and be fully fungible with the Republic’s outstanding U.S.$1,250,000,000 and U.S.$216,969,673 U.S.$ 1,250,000,000 aggregate principal amount of 4.375% USD Bonds due 2031 issued on January 23, 2019 2019; and (ii) The Reopening 2055 Bonds will be consolidated, constitute a further issuance of, form a single series, and October 2be fully fungible with the Republic’s outstanding U.S.$1,750,000,000 aggregate principal amount of 4.975% USD Bonds due 2055 issued on April 20, 2019, respectively2018.

Fungibility. (i) The Reopening 2031 2027 Bonds will be consolidated, constitute a further issuance of, form a single series, and be fully fungible with the Republic’s outstanding U.S.$1,250,000,000 and U.S.$216,969,673 aggregate principal amount of U.S.$ 1,700,000,000 4.375% USD Bonds due 2031 2027 issued on January 23October 27, 2019 2015; and (ii) The Reopening 2050 Bonds will be consolidated, constitute a further issuance of, form a single series, and October 2be fully fungible with the Republic’s outstanding U.S.$ 2,000,000,000 aggregate principal amount of 5.100% USD Bonds due 2050 issued on June 18, 20192014 and the U.S.$ 1,200,000,000 aggregate principal amount of 5.100% USD Bonds due 2050 issued on February 26, respectively2015.