Conformed Copy - L2902 - Shidiya Phosphate Mine Project - Amendment

Page 1 March 29, 1990 Mr Wasef Azar Managing Director Jordan Phosphate Mines Co., Ltd. P. O. Box 30 Amman, The Hashemite Kingdom of Jordan Re: Loan 2902-JO (Shidiya Phosphate Mine Project) Amendment to Section 4.06 of the Loan Agreement Dear Mr. Azar: Please refer to the Loan Agreement dated February 10, 1988, between the International Bank for Reconstruction and Development and Jordan Phosphate Mines Co., Ltd. (the "Loan Agreement"). Pursuant to your letter dated November 12, 1989, we hereby agree to amend Section 4.06 of the Loan Agreement as follows to facilitate progressive reduction of spare parts inventory: "Section 4.06. Except as the Bank shall otherwise agree, the Borrower shall provide to the Bank: (i) by August 31, 1990, a statement concerning the status and value of all fast and slow moving spare parts; (ii) by December 31, 1990, a statement confirming disposal of obsolete spare parts identified as such in the letter dated January 9, 1990, from the Borrower to the Bank; and (iii) by December 31, 1990, a statement outlining procurement procedures adopted to ensure that the level of inventory of spare parts will be maintained at levels satisfactory to the Bank, consistent with the safe and secure operation of mines and the fertilizer plant." Please confirm your agreement to the foregoing amendment to the Loan Agreement by signing and dating the form of confirmation on the enclosed copy of this letter and returning the same to us. Very truly yours, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Ardy J. Stoutjesdijk Director Country Department III Europe, Middle East and North Africa Region CONFIRMED JORDAN PHOSPHATE MINES CO., LTD. By/s/ Wasef Azar Authorized Representative Date________________________