The World Elank NW (202) 473-1000 INTERNATIONAL E i0NK FOR RECONSTRUCTION AND DEVELOPMENT FTaIM .C. 20433 Cable Address: INTBAFRAD INTERNATIONAL EIEELOPMENT ASSOCIATION Cable Address: INDEVAS 0 7/( , 2012 Mr. Matthew Martin Director Debt Relief International Ltd. Lector Court 151-153 Farringdon Road London ECIR 3AF United Kingdom Amendment to the Grant Letter Agreement for the Debt Management Facility (DMF)for Low Income Countries (LICs) --Debt Relief International (DRI) DMF Grant No. 094786 E),ar Mr. Martin: 1. We refer to the Grant Letter Agreement (the "Agreement") between the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), (collectively the "World Bank"), acting as administrator of Grant funds provided through the Multi-Donor Trust Fund (TF No.071202) ("MDTF") under the Debt Management Facility ("DMF") for Low- Icome Countries ("LICs"), and Debt Relief International (DRI) (the "Recipient"), effective July 28, 2009, as amended (the "Agreement") by which the Bank made a Grant in a cumulative amount of siK hundred four thousand and forty-four United States Dollars (US$ 604,044) (the "Grant") to the Recipient. 2. We also refer to the letter dated June 11, 2012, requesting the World Bank to: (i) increase the Grant amount by seven hundred and ninety-seven thousand four hundred and two United States Dollars (US$797,402); (ii) revise the table relating to the Eligible Expenditures under Section 3.01 of the Annex to the Agreement to reflect the revised amount of the Grant; and (iii) extend the Closing Date of the Grant from July 30, 2012 to December 31, 2012. 3. We are happy to inform yoj that the Bank has considered the Recipient's request and has agreed to amend the Agreement as follows: A) The first paragraph of the Agreement shall be deleted in its entirety and replaced w ith the following: "I am pleased to inform you that the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), (collectively the "World Bank"), acting as administrator of grant funds provided -2- by the Multi-Donor Trust Fund (TF No. 071202) ("MDTF") under the Debt Management Facility ("DMF") for Low-Income Countries ("LICs"), proposes to extend to Debt Relief International (DRI), a provider of technical assistance and policy advice on debt management related issues (the "Recipient") a grant in an amount not to exceed one million four hundred one thousand four hundred forty- six United States Dollars (US$1,401,446) (the "Grant") on terms and conditions set forth or referred to in this letter agreement (the "Agreement") to assist in the financing of the activities described in Section 2.01 of the Annex to this Agreement (the "Project"). This Grant is funded out of the above mentioned Trust Fund for which the World Bank receives periodic contributions. In accordance with Section 3.02 of the Standard Conditions (as defined in the Annex to this Letter Agreement), the Recipient may withdraw the Grant proceeds subject to the availability of such funds". B) The table in Section 3.01 oF the Annex to the Agreement shall be deleted in its entirety and replaced with the following: Category Amount of the Grant Percentage of Expenditures Allocated to be Financed (.xpressed in USD) (inclusive of Taxes) Travel, Services, Training 1,252,920 100% Operating Costs 148,526 100% Total 1,401,446 C) Paragraph 3.03 of the Annex to the Agreement is deleted in its entirety and replaced with the following: "The Closing Date referred to in Section 3.06 (c) of the Standard Conditions is December 31, 2012." 4. All other terms of the Agreement shall remain the same. 5. The World Bank will disclose this Amendment and related information on this Trust Fund in accordance with the World Bank Policy on Access to Information. By entering into this Agreement, the Recipient consents to disclosure of this Amendment and related information on this Trust Fund. 6. Please confirm your agreement to the foregoing, on behalf of the Recipient, by siqning, dating and returning to us the enclosed copy of this Amendment. Upon receipt -3- by the Bank of the copy of this Am.ndment countersigned by you, this Amendment will bcome effective as of the date of the countersignature. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION /4ey D. Lewis Director Economic Policy and Debt Department CONFIRMED AND AGREED: DEBT RELIEF INTERNATIONAL (DRI) By Name: Mr. Matthew Martin T itle: Director D)ate: )n______