Page 1 The World Bank 1818 H Street N.W. (202) 477-1234 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Washington, D.C. 20433 Cable Address: INTBAFRAD INTERNATIONAL DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS CONFORMED COPY December 15, 2010 H. E. Salam Fayyad Minister of Finance Ministry of Finance Palestinian Authority Ramallah Re: Project Preparation Advance for the Second Land Administration Project (TF095164) Extension of the Refinancing Date__________________________ Excellency: We refer to the Project Preparation Advance Agreement for the Second Land Administration Project between the Palestine Liberation Organization (for the benefit of the Palestinian Authority) and the International Development Association dated September 9, 2009 (the PPA Agreement) and to your letter dated November 30, 2010 requesting an extension of the Refinancing Date of the Project Preparation Advance. I am pleased to inform you that the International Development Association has agreed to establish June 30, 2011 as a new Refinancing Date for the purposes of Section 3.03 of the Annex to the PPA Agreement. Very truly yours, INTERNATIONAL DEVELOPMENT ASSOCIATION As Administrator of the Trust Fund for Gaza and West Bank By /s/ Mariam J. Sherman Country Director for West Bank and Gaza Middle East and North Africa Region AGREED: PALESTINE LIBERATION ORGANIZATION (for the Benefit of the Palestinian Authority) By /s/ Salam Fayyad Authorized Representative Name Salam Fayyad Title Minister of Finance Date: December 20, 2010