OFFICIAL
The World Bank                  DOCUI           1  Ee      'S           (202) 473-1000
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Washington, D.C. 20433  Cable Address: INTBAFRAD
INTERNATIONAL DEVELOPMENT ASSOCIATION         U.S.A.                     Cable Address: INDEVAS
June 28, 2019
Mr. Lawrence Meredith
Director, Directorate C "Neighbourhood East"
Directorate-General for European Neighbourhood and Enlargement Negotiations (DG NEAR)
European Commission
200, rue de la Loi,
B-1049 Brussels
Belgium
Re: Amendment No. 4 to the Administration Agreement between the European
Community and the International Bank for Reconstruction and Development and the
International Development Association concerning the Caspian Development
Corporation-Joint Gas Purchasing and Infrastructure Development Trust Fund (TF
No.071350) (EC Contract No. 219670)
Dear Mr. Meredith:
We refer to the Administration Agreement between the European Community represented by the
Commission of the European Communities (the "Commission") and the International Bank for
Reconstruction and Development ("IBRD"), and the International Development Association (collectively,
the "Bank"), regarding the Multi-Donor Trust Fund for the Caspian Development Corporation-Joint Gas
Purchasing and Infrastructure Development (the "Trust Fund") (TF No.071350) dated October 1, 2009 (the
"Administration Agreement"), as amended as of May 20, 2015.
We also refer to the letter from the Government of Turkmenistan dated June 10, 2019 requesting the Bank
to explore the possibility of using the remaining funds to assess the environmental impact of natural gas
pipelines through the Caspian Sea. We also refer to the letter from the European Commission received by
the Bank on June 17, 2019 requesting the Bank to amend the Administration Agreement by extending the
End Disbursement Date by six months to ensure availability of adequate financing for the different key
studies and activities that the Commission expects will likely take place in the coming years. Therefore,
the Bank and the Commission agree to amend the Administration Agreement as follows:
1.     Section 2.03 is amended in its entirety to read as follows:
"It is expected that an amount of the trust fund equal to the Contribution will be fully utilized in
accordance with the provisions of this Administration Agreement by December 31, 2019 ("End
Disbursement Date"). The End Disbursement Date can only be modified with the agreement of
both Parties pursuant to Article 9 of the General Conditions."
2.     Section 7.1 of Annex III is amended in its entirety to read as follows
RES(2019)       A
/07 /2019
DG          DDG2   DDG1
-1-              II      A     B             D
R.     A.1   B.1          D.1
R.2    A.2   B.2    C.2   D.2
R.3    A.3   B.3          D 0.3
A.4   B.TF1         D.4
R.5    A.5         SGUA   D.5


"It is expected that the Contribution funds will be fully disbursed by the Bank in accordance with
the provisions of this Agreement by December 31, 2019. The Bank shall only disburse
Contributions for the purposes of this Agreement after such date with the written approval of the
Donors."
Please confirm your understanding to the foregoing, on behalf of the Commission, by signing, dating, and
returning to us one of the enclosed originals of this Amendment. Upon receipt by the Bank of the original
of this Amendment countersigned by you, this Amendment will become effective as of the date of
countersignature.
Sincerely,
International Bank for Reconstruction and Development
International Development Association
Cyril E. Muller
Vice President
Europe and Central Asia Region
CONFIRMED AND AGREED:
The EuropeanCenm-5ities
Represe     y th   ommission of the European Communities
La -ce Meredith
irector
Date:
U 9 JUL 2019
-2-