OFF$fIML DOCUMO~TS Trust Fund Contribution Agreene. @miot,om of Belgium, acting through its Federal Public Service Foreign Affairs, Foreign Trade and Development Cooperation, the Green Climate Fund, and the International Bank for Reconstruction and Development, serving as the interim trustee of the Green Climate Fund Trust Fund concerning the Green Climate Fund Trust Fund (MTO No. 069022) 1. The Green Climate Fund ("Fund") and the International Bank for Reconstruction and Development ("Bank"), serving as the interim trustee ("Trustee") of the Green Climate Fund Trust Fund (MTO No. 069022) ("Trust Fund"), acknowledge that the Kingdom of Belgium, acting through its Federal Public Service Foreign Affairs, Foreign Trade and Development Cooperation ("Contributor") agrees to make available to the Trust Fund for the benefit of the Fund a supplemental contribution in the amount of ten million Euros (EUR 10,000,000) ("Supplemental Contribution") in the form of a Capital Contribution in accordance with the terms of this Contribution Agreement. Capitalized terms used in this Contribution Agreement and not defined herein shall have the meaning given to them in the Standard Provisions Applicable to the Contributions to the Green Climate Fund Trust Fund (the "Standard Provisions"), attached as Annex I to the GCF Trust Fund Agreement (as hereinafter defined). 2. The parties hereto also refer to the Trust Fund Contribution Agreement among the Contributor, the Fund and the Trustee concerning the Green Climate Fund Trust Fund (MTO No. 069022), effective as of December 23, 2014, pursuant to which the Contributor has made available contributions to the Trust Fund. The parties hereto agree that with this Supplemental Contribution, the total amount of contributions provided by the Contributor to the Trust Fund shall now aggregate to fifty million Euros (EUR 50,000,000) ("Contributions"), comprised of Grant Contribution in the amount of forty million Euros (EUR 40,000,000) and Capital Contribution in the amount of ten million Euros (EUR 10,000,000), all of which, by virtue of this Contribution Agreement, shall be accounted and administered in accordance with the terms of this Contribution Agreement. 3. The parties hereto agree that: (a) the Trustee shall administer the Contributions received in the Trust Fund in accordance with the Amended and Restated Agreement on the Terms and Conditions for the Administration of the Green Climate Fund Trust Fund (including all Annexes and Attachments attached thereto, which constitute an integral part thereof), dated April 22, 2015 between the Fund and the Trustee, as may be amended from time to time in accordance with its terms (the "GCF Trust Fund Agreement"); and (b) the terms and conditions of the GCF Trust Fund Agreement shall apply to this Contribution Agreement. In case of any inconsistency between this Contribution Agreement and the Standard Provisions, the terms of the Standard Provisions shall prevail. 4. The Contributor confirms that it has received a copy of the GCF Trust Fund Agreement, and acknowledges that the Trustee may receive contributions from other contributors to the Trust Fund, which, together with the Contributions, shall be accounted and administered as a single trust fund, on the terms and conditions specified in paragraph 3 above. 5. In accordance with paragraph 2 of the Standard Provisions, the Contributor shall make payments for the Supplemental Contribution to the Trust Fund in cash as follows: 5.1 The Contributor shall deposit the Supplemental Contribution promptly following countersignature of this Contribution Agreement by the Contributor and submission of a payment request by the Trustee. 5.2 Any deposit of cash under paragraph 5.1 above shall be made into the bank account designated by the Trustee. -2- 5.3 When making any deposit of cash, the Contributor shall instruct its bank to include in the payment details information (remittance advice) field of its SWIFT payment message, the deposit instructions which include information indicating: the amount paid, that the payment is made by the Contributor for MTO No. 069022 (Green Climate Fund Trust Fund), and the date of the deposit. 6. Any notice, request or other communication to be given or made under this Contribution Agreement shall be in writing in the English language and delivered by mail, facsimile or e-mail to the respective party's address specified below or at any other address as the party may notify in writing to the other parties from time to time: For the Fund: Chief Financial Officer Green Climate Fund Secretariat G-Tower, 175 Art Center-daero Yeonsu-gu, Incheon 406-840, Republic of Korea Tel: + 82 32 458 6075 Fax: + 82 32 458 6094 E-mail: CFO(Dcfund.org For the Trustee: Director Trust Funds and Partnerships Development Finance The World Bank 1818 H Street, N.W. Washington, D.C. 20433 U.S.A. Tel: +1 202 473-7654 Fax: +1 202 522-2447 E-mail: acfitrusteeAworldbank.org For the Contributor: Alexander Decroo Vice Prime Minister and Minister for Development Cooperation, Digital Agenda, Telecommunication and Postal services Tours des Finances Boulevard du Jardin Botanique, 50/61 1000 Bruxelles Belgique Tel: 02/792 99 00 Fax: 02/792 99 01 E-mail: info@decroo.fed.be 7. This Contribution Agreement may be amended only in writing among the Fund, the Trustee and the Contributor. -3- 8. Any dispute, controversy or claim between the Fund and the Contributor arising out of or relating to this Contribution Agreement, which has not been settled pursuant to paragraph 9.1 of the Standard Provisions, shall be submitted to arbitration in accordance with the Arbitration Rules 2012 of the Permanent Court of Arbitration in force on the date hereof, and the following provisions: (a) the number of arbitrators shall be three (3); (b) the place of arbitration shall be Seoul, Republic of Korea; and (c) the language of the arbitral proceedings shall be English. Any arbitral award shall be final and binding upon the Fund and the Contributor. The Fund and the Contributor shall carry out the award without delay. The provisions set forth in this paragraph 8 shall be in lieu of any other procedure for the settlement of disputes between the Fund and the Contributor. 9. Each of the parties to this Contribution Agreement represents, by confirming its agreement below, that it is authorized to enter into this Contribution Agreement and act in accordance with these terms and conditions. The parties are requested to sign and date this Contribution Agreement, and upon possession by the Trustee of this fully signed Contribution Agreement, this Contribution Agreement shall become effective as of the date of the last signature. Thus signed in three (3) original copies. KINGDOM OF BELGIUM, ACTING THROUGH ITS FEDERAL PUBLIC SERVICE FOREIGN AFFAIRS, FOREIGN TRADE AND DEVELOPMENT COOPERATION By: Date: f' l 5 Alexande Decroo Vice Prime ' ' Minister for Development Cooperation, Digital Agenda, Telecommunication and Postal services GREEN CLIMATE FUND By: Date:o' ti Hd1a h "u Execute Director INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT, SERVING AS THE INTERIM TRUSTEE OF THE GREEN CLIMATE FUND TRUST FUND By: Date: 15 201 JaehyangVo Director Trust Funds and Partnerships Development Finance