REPUBLIC OF PANAMA (the “Republic”) TERMS AGREEMENTTerms Agreement • August 3rd, 2006 • Panama Republic Of • Foreign governments • New York
The undersigned agrees to sell to the Underwriters named in Schedule A hereto, on and subject to the terms and conditions of the Underwriting Agreement (the “Underwriting Agreement”) attached hereto as Schedule B and filed as an exhibit to the Republic’s registration statement under Schedule B of the Securities Act of 1933 (No. 333-135234), the following Offered Securities on the following terms:
