OFFICIAL TVFIoD 05 DOCUMENTS The Wolid Bank 1818 H Street - (202) 473-1000 INTERNATIOA L BANK FOR RECONSTF UCTION AND D EVELCPMENT Washington, D.C. 20433 Cable Address: INTBAFRAD INTERNATIO A L DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS Date: Z 2'2- Rafiga Huseynzade Vice President State Oil Company of Azerbuijan Republic Neftchilar Avenue 73 Baku, Azerbaijan AZ1000 Dear Ms. Huseynzade: Amendment to Ame'ded and Restated Agreement between the State Oil Company of the Azerbaijan Republic (SOCAR) and the International Bank for Reconstr icti6n and Development and the International Development Association concerning the financing of the Multi-Donor Trust Fuid for th? GIobal Gas Flaring Reduction Public-Private Partnersh,p (the "GGFR- ) (TFNo. 050954) 1. Reference is made tc the Amended and Restated Agreement (the "Agreement") between State Oi Company of :he Azerbaijan Republic (SOCAR) (the "Contributor") and the International Bank for Reconstruction and Development ("IBRD") and the International Development Association ("IDA", and together with the IBRD, the "Bank") concerning the inancing of the Multi-Donor Trust Fund for the Global Gas Flaring Reduction Partners ip (TF No. 050954) (the "GGFR Trust Fund"), dated November 1 8, 2009. 2. Pursuant to recent di;cussions between the Contributor and the Bank concerning the extension of the term of the GGFR Trust Fund; the Bank and the Contributor agree to amend the Agreement as of the Amendment Effective Date (as defined below) as follows: 2.1. Section 7.1. of the Standard Provisions shall be amended by deleting it in its -ntirety and replacing it with the following: "7.1. It is expected hat 1he Contributions will be fully disbursed by the Bank in accordance with the provisions of this Amended and Restated Agreement by June 30, 2016. The Bank shall only disburse Contributions for the purposes of this Amended and Restated Agreement after such date with the written approval of the Contributo -s." 3. In addition, we are pleased to acknowledge that the Contributor will make available to the Bank the sum of Two lundred Twenty-Five Thousand United States Dollars (USD 225,000) (the "Contribution"' for the GGFR Trust Fund. 4. The Contrinutor shall deposit the Contribution into such bank account designated by the Bank, in installments i i accordance with the following schedule: (i) Pro-nptly fol owing countersignature of this Amendment by the Contributor and submission of a payment request by the Bank, Seventy-Five "'housand United States Dollars (USD 75,000), (ii) On or before December 31, 2013 and submission of a payment request by the Bank, Seventy-Five Thousand United States Dollars (USD 75,000) (the "Second Installment"), and (iii) On or before December 31, 2014 and submission of a payment request by the Bank, Seventy-Five Thousand United States Dollars (USD 75,000) (the "Third InstallIment"). Provided that, if the Second Installment and Third Installment have not been paid by the Contributor before June 30, 2013 and the Amendment Effective Date occurs after June 30, 2013 the Contributor's commitment for the Second Installment and Third Installment made hereunder will be terminated and the Bank will not accept any funds LInder them. 4 . When mak ng such deposits, the Contributor shall instruct its bank to include in i:s payment details informaticn (rcmittance advice) field of its SWIFT payment message, iiformation indicating: the amount paid, that the payment is made by the Contributor for TF No. 050954, the Multi-Donor Trust Fund for the Global Gas Flaring Reduction Public-Private Partnership, and the date of the deposit. In addition, the Contributor shall provide a copy of the Contri utor's deposit instruction to the Bank's Accounting Trust 1Eunds Division by e-mail sent to tfremitadvicegworldbank.org or by fax sent to "202) 614-1315. All other te-ms of the Agreement remain unchanged. 7. Please confirm your agrecment with the foregoing, on behalf of the Contributor, )y signing, dating, and returning to us the enclosed copy of this Amendment. Upon eceipt by the Bank of the copy of this Amendment duly countersigned by you, this Amendment shall become effective as of the date of the countersignature, provided that :he amendments specified in Sec,.ion 2 above shall only become effective as of the date :hat the last of the then current contributors to GGFR Trust Fund provides to the Bank its ,ountersignature to its respective amendment regarding the subject matter therein the "Amendment Effective Date"). Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION -iiIo de Sa Acting Director Depa[rtment of Sustainable Energy (SEG) CONFIRMED AND AGREED: STATE OIL CONIPANY OF AZERBAIJAN REPUBLIC (SOCAR) By: Date: R a Hus )nzade Vice Pres ent State Oil Conpany of Azerbaijan Republic