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Page 1 ROMANIA October 2, 1997 International Bank for Reconstruction and Development 1818 H Street, N.W. Washington, D.C. 20433 United States of America Dear Sirs and Mesdames: Re: Loan No. 4213 RO (School Rehabilitation Project) Indicators In connection with the Loan Agreement of this date between Romania (the Borrower) and International Bank for Reconstruction and Development (the Bank) for the above-captioned Project, I am writing on behalf of the Borrower to confirm our understanding and agreement that, for the purposes of Section 3.07 of the Loan Agreement and unless otherwise agreed between the Borrower and the Bank, the expression “Indicators