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Amendment No. I to the Trust Fund Contribution Agreement among the Kingdom of Spain,
 acting through its Ministry of Economy and Business, the Green Climate Fund, and the
 International Bank for Reconstruction and Developme11t, serving llS trustee of the Green
       Climate Fund Trust Fund, concerning the Green Climate Fund Trust Fund
                                    (MTO No. 069022)

1.      Reference is made to the Trust Fund Contribution Agreement among the Kingdom of
Spain, acting through its Ministry of Economy and Business (formerly, Ministry of Economy and
Competitiveness) (the '·Contributor"), the Green Climate Fund (the "Fund") and the International
Bank for Reconstruction and Development (the "Bank"), serving as trustee (the ·'Trustee") of the
Green Climate Fund Trust Fund (MTO No. 069022) (the ''Trust Fund"), effective as of January 6,
2016 (the "Contribution Agreement").

2.       The Fund and the Trustee acknowledge that the Contributor agrees to make available to
the Trust Fund for the benefit of the Fund a supplemental contribution in the maximum amount of
one hundred fifty million Euros (EUR 150,000,000) (the "Supplemental Contribution.. ) in the form
of a Grant Contribution in accordance with the terms of this amendment (the "Amendment""). The
capitalized terms used in this Amendment and not defined herein shall have the meaning given to
them in the Contribution Agreement.

3.    In accordance with paragraph 2 of the Standard Provisions, the Contributor shall make
payment for the Supplemental Contribution to the Trust Fund in cash as follows:

         3.1.     The Contributor shall deposit the Supplemental Contribution in accordance with
         the following schedule:

                 (a)     On or before 31 December 2019 and upon submission of a payment
                         request by the Trustee, EUR 40,477,707;

                 (b)     On or before 31 December 2020 and upon submission of a payment
                         request by the Trustee, EUR 37,522.293 ; and

                 (c)      Subject to legislative appropriations:

                          (i)     On or before 31 December 2021 and upon submission of a
                                  payment request by the Trustee, EUR 24,000,000;
                          (ii)    On or before 31 December 2022 and upon submission of a
                                  payment request by the Trustee, EUR 24,000,000; and
                          (iii)   On or before 31 December 2023 and upon submission of a
                                  payment request by the Trustee, EUR 24,000,000.

         3.2.    Any deposit of cash under paragraph 3.1 above shall be made into the bank account
         designated by the Trustee.

          3.3.     When making any deposit of cash, the Contributor shall instruct its bank to include
          in the payment details information (remittance advice) field of its SWIFT paym~nt
          message, the deposit instructions which include information indicating: the a1~ount paid.
          that the payment is made by the Contributor for MTO No. 069022 (Green Climate Fund
          Trust Fund), and the date of the deposit.
                                                  •2 .


           3.4.    The parties hereto acknowledge that as of the date of this Amendment, the GCF
           Trust Fund Agreement is effective until April 11 , 2023 . The Trustee will not receive any
           payments of Contributions after such date, and the provisions of paragraph 8.5 of the GCF
           Trust Fund Agreement and paragraph 5.4 of the Standard Provisions shall apply, unless the
           GCF Trust Fund Agreement has been extended by mutual agreement of the Fund and the
           Trustee.

4.     All other terms of the Contribution Agreement shall remain the same and apply to the
Supplemental Contribution.

5.      By entering into this Amendment, the parties consent to disclosure of this Amendment and
related information on this Trust Fund in accordance with paragraph 11 .1 of the Standard
Provisions.

6.         Each of the parties to this Amendment represents, by confirming its agreement below, that
 it is authorized to enter into this Amendment and act in accordance with these terms and conditions.
 The parties are requested to sign and date this Amendment, and upon possession by the Trustee of
 this fully signed Amendment, this Amendment shall become effective as of the date of the last
 signature.

 Thus signed in three (3) original copies.



                              ITS MINISTRY OF ECONOMY AND BUSINESS


     By:                                                 Date:
                                                                       \       \
                                        usiness Support




                                                          Date:




      INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
      SERVING AS TRUSTEE OF THE GREEN CLIMATE FUND TRUST FUND

                                                                           11-Dec-2019
      By:                                                 Date:
              Dirk Reinermann
              Director
              Trust Funds and Partner Relations
              Development Finance