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Page 1 February 18, 1998 Alexander N. Sorokin Chairman State Export-Import Bank of Ukraine 8, Kreschatik Str. Kyiv, 252001 Ukraine Re: Loan No. 4107-UA (Export Development Project) Amendments to the Loan Agreement - Institutional Development of the Borrower Dear Mr. Sorokin: We refer to the letter, dated August 11, 1997, from Alexander Sorokin to Paul Siegelbaum, concerning the progress of the Borrower