INDEPENDENT ON-DEMAND GUARANTEEGuarantee • December 9th, 2021
Contract Type FiledDecember 9th, 2021hereby unconditionally and irrevocably, severally but not jointly, each to the extent of its percentage share indicated above and in accordance with the terms and conditions set forth in this guarantee (the “Guarantee”), guarantee the performance by Dexia Crédit Local SA (acting through its head office or any of its branches, “DCL”) of its payment obligations, in principal, interest and incidental amounts, under the Guaranteed Obligations referred to below.