OFFICIAL DOCUMENTS FOURTH SUPPLEMENTARY AGREEMENT TO THE DONOR PARTICIPATION AGREEMENT FOR AN ADDITIONAL CONTRIBUTION between Government of Germany ("Donor Participant") and International Bank for Reconstruction and Development ("IBRD") acting as Trustee ("Trustee") for the Readiness Fund of the Forest Carbon Partnership Facility ("Readiness Fund") 1. The Donor Participant and the Trustee entered into a Participation Agreement, signed on behalf of the Donor Participant through the Federal Ministry for Economic Cooperation and Development on December 7, 2010, for the participation of the Donor Participant in the Readiness Fund ("Donor Participation Agreement"). 2. The Donor Participant and the Trustee also entered into Supplementary Agreement, Second Supplementary Agreement, and Third Supplementary Agreement to the Donor Participation Agreement for an Additional Contribution, signed on behalf of the Donor Participant through the Federal Ministry for Economic Cooperation and Development on November 29, 2011 ("Supplementary Agreement"), on December 21, 2012 ("Second Supplementary Agreement"), and on December 10, 2014 ("Third Supplementary Agreement"), respectively. 3. Unless defined otherwise herein, capitalized terms used in this Fourth Supplementary Agreement to the Donor Participation Agreement for an Additional Contribution ("Fourth Supplementary Agreement"), shall have the meaning ascribed to them in the Donor Participation Agreement. 4. The Donor Participant, through the Federal. Ministry for Economic Cooperation and Development, hereby agrees to make an Additional Contribution in Euro in the amount of twenty- five million Euros (E 25,000,000) to the Readiness Fund ("Additional Contribution"). 5. In order to apply the IBRD's new cost recovery provisions, the Trustee has established a new parallel trust fund account (Trust Fund No. 072937) ("Parallel Account") for purposes of receiving this Additional Contribution, which will be administered in parallel with the original trust fund account (Trust Fund No. 071076 ("Original Account")), both of which accounts constitute the Readiness Fund. 6. The Donor Participant will deposit the Additional Contribution in the currency specified in paragraph 4 above into such bank account designated by the Trustee promptly following effectiveness of this Fourth Supplementary Agreement and upon submission of a payment request by the Trustee. 7. When making the deposit, the Donor Participant shall instruct its bank to include in its payment details information (remittance advice) field of its SWIFT payment message, information indicating: the amount paid, that the payment is made by Donor Participant for Trust Fund No. 072937) (Readiness Fund), and the date of the deposit. In addition, the Donor Participant shall provide a copy of its deposit instruction to the Bank's Accounting Trust Funds Division by e-mail sent to tfremitadvice(dworldbank.org or by fax sent to +1-202-614-1315. Upon receiving the Additional Contribution in Euro, the Trustee shall arrange for converting such contribution from Euro to US Dollars and deposit the US Dollar amount in the Readiness Fund. The exchange rate for converting Euros to US Dollars will be the rate obtained by the Trustee on the date the Additional Contribution is converted from Euros into US Dollars and deposited into the Readiness Fund. 8. The Parallel Account, including with respect to the Additional Contribution funds and any other funds contributed thereto, will be governed by the terms of the Donor Participation Agreement, except that the revisions specified in the Schedule attached to this Fourth Supplementary Agreement will apply. 9. At the date of Trustee's signature of this Fourth Supplementary Agreement, the Indirect Rate (as defined in the Schedule to this Fourth Supplementary Agreement) is 17%. 10. For clarity, (a) all terms of the Donor Participation Agreement, as such terms may be amended from time to time, will remain the same and apply to the funds in the Parallel Account; and (b) all funds in the Original Account will be governed by the Donor Participation Agreement, as such terms may be amended from time to time, without regard to this Fourth Supplementary Agreement. I1. The Donor Participant herewith repeats all representations made in Article VII of the Donor Participation Agreement and warrants that these are still true and accurate as of the date of its signature of this Fourth Supplementary Agreement. 12. The Trustee will disclose this Fourth Supplementary Agreement in accordance with the World Bank's Policy on Access to Information. By entering into this Fourth Supplementary Agreement, the Donor Participant consents to such disclosure. 13. The Fourth Supplementary Agreement shall become effective upon execution of this Agreement by parties thereto. 14. Upon effectiveness, this Fourth Supplementary Agreement shall become an integral part of the Donor Participation Agreement. Unless expressly amended or modified by this Fourth Supplementary Agreement, all other terms and conditions in the Donor Participation Agreement shall remain unchanged and in full force and effect. IN WITNESS WHEREOF, the undersigned, being duly authorized thereto, have signed this Fourth Supplementary Agreement on the date set forth below. GOVERNMENT OF GERMANY, THROUGH THE FEDERAL MINISTRY FOR ECONOMIC COOPERATION AND DEVELOPMENT By: thorized Representative Name: Dr. TJUW,& kK&Jolf Title: S. I &cre AN Date: Z4. X1v~e.-e ze-f;z INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT AS XUSTEE OF THE READINESS FUND OF THE FOREST CARB TNERSHIP FACILITY By: : __ Authorized Representative /p/ Name: Marc Sadler Title: Manager, Climate Funds Management Date: (7 r we)-k- 2-Q C7 Schedule Revisions to the Donor Participation Agreement: Terms Applicable to the Parallel Account Only (A) The following Section is added to the Donor Participation Agreement: "XV ELIGIBLE EXPENDITURE CATEGORIES Section 15.1 Pursuant to Section 19.2 of the Charter (Attachment I to the Donor Participation Agreement), the following eligible expenditures, categories may be used to finance activities carried out by the Trustee and/or the Facility Management Team of the Forest Carbon Partnership Facility: (a) staff costs (excluding short term consultants and femporaries); (b) short-term consultants and temporaries; (c) contractual services; (d) media, workshops, conferences and meetings; (e) travel expenses; (f) equipment and office premises lease cost; and (g) equipment purchased. For purposes of the above expenditure categories: (i) "staff costs (excluding short term consultants and temporaries)" includes salaries, benefits and indirect rates charged to the trust fund as applicable under 1BRD policies and procedures; and (ii) "short term consultants and temporaries" includes fees and indirect rates charged to the trust fund as applicable under IBRD policies and procedures. The "Indirect Rate" means the indirect rate, defined as a percentage of personnel costs and available at the World Bank's Donor Partner Center website, as such rate may be revised from time to time by the IBRD and applied to this trust fund, in accordance with 1BRD policies and procedures." (B) The following Section is added to the Donor Participation Agreement: "XIV TRUST FUND FEE Section 14.1 The Trustee shall calculate a fee each time funds (the "Grant Amount") from the trust fund become committed under a Grant Agreement. Such commitment shall occur when such Grant Agreement is fully countersigned (the "Calculation Date"). The fee so calculated by the Trustee shall be based on the cumulative total of funds from this trust fund committed under all Grant Agreements that have been fully countersigned on or prior to the Calculation Date (the "Cumulative Grant Total"). The calculated fee shall depend on where the Cumulative Grant Total stands as the Grant Amount is added and shall be determined in accordance with the following schedule: (i) 5% of any portion of the Grant Amount that results in a Cumulative Grant Total below or equal to US$ 50 million or equivalent; plus (ii) 4% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 50 million or equivalent and below or equal to US$ 500 million or equivalent; plus (iii) 3% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 500 million or equivalent and below or equal to US$ I billion or equivalent; plus (iv) 2% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 1 billion or equivalent. Following each Calculation Date, the Trustee shall deduct from the trust fund account, TF No. 072937 and retain for its own account, the fee as set forth above. Grant Amounts may not exceed the balance of uncommitted funds in such account net of the related fee."