The World Be nlk 23rd Floor, Taipan Building Telephone: (632) 637585519173000 INTERNATIONAL BAN < FOR RECONSTRUCTION AND DEVELOPMENT F. Ortigas Jr. Ave. formerly Emerald Ave Facsimile: (632) 6375870/9173050 INTERNATIONAL DEVELOPMENT ASSOCIATION Ortigas Center, Pasig City July 27, 2012 Public Disclosure Authorized Ms Rosalia V. de Leon Undersecretary Department of Finance Roxas Blvd., Manila 1004 De.n Undersecretary de Leon: PHILIPPINES. MindanaoRural Development Project Phase II - NaturalResource Management (NRM) Project (TF094704) Amendment of GrantAgreement We refer to the Grant Agreement between Republic of the Philippines (Borrower) and the Inter ational Bank for Reconstruction and Development (the Bank) for the above-referenced Public Disclosure Authorized Proj .ct, dated October 16, 2009 as amended at the date hereof the Agreement, and the letter dated June 7, 2012 from Ms. Rosalia V. de Leon, Undersecretary, requesting certain amendments to the Agreement. We agree to the request and hereby amend the Agreement as follows: "The proceeds of the Grant, as set out in the table in Section 4 of Schedule 2 to the Agreement, are reallocated as follows: grant proceeds amounting to US$200,000 will be reallocated from Training and Workshops category to Consultants Services (US$107,500) and Incremental Operating Costs (US$92,500)." Therefore, the Table in Section 4 of Schedule 2 to the Agreement is amended to read as set forth in the attachment to this letter. Public Disclosure Authorized Please confirm your agreement with the foregoing, on behalf of the Republic of the Philippines, by signing, dating, and returning this letter to us. This amendment will become effective upon receipt of a countersigned copy of this letter. Sincerely, Motoo Konishi Cour try Director, Philippines East Asia and Pacific Region Confirmed: Public Disclosure Authorized REPUBL C OF THE PHILIPPINES BY: DATE: b h t f goa Un Ic rsecretary Rosalia V. de Leon -2- July 27, 2012 cc: Hon. Cesar Purisima, Secretary, Department of Finance Hon. Arsenio Balisacan, Director General, National Economic and Development Authority Hon. Florencio Abad, Secretary, Department of Budget and Management Hon. Proceso Alcala, Secretary, Department of Agriculture Mr. Rolando Tungpalan, Deputy Director-General, National Economic and Development Authority Ms. Laura Pascua, Undersecretary, Department of Budget and Management Mr. Joel Rudinas, Undersecretary, Department of Agriculture Ms. Stella Laureano, Director, Department of Finance Mr. Roderick Planta, Director, National Economic & Development Authority Ms. Sheila Encabo, Director, National Economic and Development Authority Ms. Estrellita Bangsal, Director, Department of Budget and Management Ms. Helena Habulan, Executive Director, Municipal Development Fund Office Mr. Roy Abaya, Director, Department of Agriculture - SPCMAD Ms. Lealyn Ramos, Director, Department of Agriculture - RFU 10 and Program Director, MRDP2 PSO Mr. Norberto Malvar, Deputy Executive Director, Municipal Development Fund Office Mr. Arnel de Mesa, Deputy Director, Department of Agriculture - MRDP 2 Mr. Rogerio Studart, Executive Director for the Philippines, World Bank Ms. Maria Lourdes Recente, Senior Advisor to the Executive Director for the Philippines, World Bank UnIc rsecretary Rosalia V. de Leon -3- July 27, 2012 ATTACHMENT Category Amount of Grant % of Financing Proceeds (US$) (1) Goods 423,000 100% (2) Consultants services 399,500 100% (3) Training Workshops 1,109,000 100% (4) OGI Sub-Grants under Part B 2,246,000 100% of the amount :f the Project disbursed (5) IGA Sub-Grants(5) underSIGA1,663,000 Part C 100% of the amount cf the project disbursed (6) Incremental Operating Costs 510,500 100% TOTAL AMOUNT 6,351,000.