OFFICIAL 1on'q The World Bank QO C M N TS 202) 473-1000 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVIM singon C. 20433 Cable Address: INTBAFRAD INTERNATIONAL DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS November 21, 2016 Mr. Even Stormoen, Director, Section for Climate and Environment Norwegian Ministry of Foreign Affairs PO Box 8114 Dep. N-0032 Oslo Norway Amendment to the Trust Fund Administration Agreement between the Norwegian Ministry of Foreign Affairs and the International Bank for Reconstruction and Development and the International Development Association concerning the Carbon Capture and Storage Trust Fund (TF No. TFO 71379) Dear Mr. Stormoen: WHEREAS A. The Norwegian Ministry of Foreign Affairs ("Donor") and the International Bank for Reconstruction and Development ("IBRD") and the International Development Association ("IDA") (collectively referred to as "Bank") entered into a Trust Fund Administration Agreement (including its Annexes 1 to 3) concerning the Carbon Capture and Storage Trust Fund (TF No. TFO71379) ("Trust Fund") dated November 12, 2009, as amended ("Agreement"). B. The Donor and the Bank intend to further amend the Agreement by extending the final disbursement date by which the Contributions shall be fully disbursed by the Bank. THEREFORE, we propose to amend the Agreement as follows: 1. Paragraph 8.1. of Annex 2 to the Agreement shall be amended to read as follows. "It is expected that the Contributions will be fully disbursed by the Bank by 12/31/2023. The Bank shall only disburse Contributions for the purposes of this Agreement after such date with the written approval of the Donors." 2. Unless otherwise defined in this letter of amendment, all capitalized terms used in this letter of amendment shall have the same meaning as given to those terms in the Agreement. Unless expressly amended by this letter of amendment, all terms and provisions under the Agreement shall remain unchanged and in full force and effect. -2- Please confirm your agreement with the foregoing, on behalf of the Donor, by signing, dating, and returning to us the enclosed copy of this letter of amendment. Upon receipt by the Bank of the copy of this letter of amendment countersigned by you, this letter of amendment shall become effective and become an integral part of the Agreement as of the date of the countersignature. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION J ~ Riccardo Puliti Senior Director Energy and Extractives Global Practice AGREED: NORWEGIAN MINISTRY OF FOREIGN AFFAIRS By: Date: Name: Even Stormoen Title: Director, Section for Climate and Environment