Conformed Copy - L2912 - Cocoa Rehabilitation Project - Amendment 1

Page 1 October 19, 1988 Her Excellency Mrs. Elizabeth Tankeu Minister of Plan and Regional Development Ministry of Plan and Regional Development Yaounde, Republic of Cameroon Excellency: Re: Loan No. 2912 CM (Cocoa Rehabilitation Project) Amendments to the Loan Agreement We refer to the above-mentioned Loan Agreement between Republic of Cameroon (the Borrower) and International Bank for Reconstruction and Development (the Bank) dated April 21, 1988 and various exchanges of correspondence between your representatives and the Bank. We wish to inform you that the Bank hereby agrees to the following changes in the Loan Agreement: 1. Section 3.02. With respect to the level of the aggregate amount available in the SODECAO Project Account, we consider that, until the end of the year 1988-1989, the replenishment of said Account should take place every two months and the amount available should be one billion CFA Francs (CFAF 1,000,000,000). 2. In Sections 3.07 and 3.08, the respective dates of June 30, 1988 and September 30, 1988 are postponed to December 31, 1988 and to June 30, 1989. 3. In Section 7.01, paragraph (e) is deleted and paragraph (a) is to read: "(a) the SODECAO Project Account and the CENADEC Project Account have been opened and the Borrower has deposited therein an amount of one billion CFA Francs (CFAF 1,000,000,000) and an amount of sixty million CFA Francs (CFAF 60,000,000), respectively;" 4. In Schedule 1, Withdrawal of the Proceeds of the Loan, the following sub-paragraph (c) is added at the end of paragraph 2: "(c) payments made for expenditures under Categories (6), (7) and (8) unless the GTZ Grant Agreement has been duly signed and conditions precedent to initial disbursements under said Agreement have been fulfilled." Please indicate your agreement to the foregoing amendments by signing and dating the form of confirmation on the enclosed copy of this letter and returning it to us. By /s/ Pierre Landell-Mills Acting Director Occidental and Central Africa Department REPUBLIC OF CAMEROON By Authorized Representative Date: October 25, 1988 Page 2