MINISTRY OF FOREIGN AFFAIRS
                                    
                                    The Hague, 6 July 2015
                                    
                                    MINBUZA-2015.289686
                                    
                                    Dear Mr. Dieye,
                                    
                                    I have the honour to refer to the Treaty between the Kingdom of The Netherlands and the International Finance Corporation
                                          (“IFC”) concerning the African Training and Management Services (ATMS) Project of
                                          the United Nations Development Programme (the “Treaty with IFC”) of 13 April 1989. This Treaty with IFC, Attachment A, grants
                                       the ATMS project and therefore AMSCO (the “besloten vennootschap met beperkte aansprakelijkheid
                                       AMSCO B.V.) several privileges especially concerning taxes and import duties. Afterwards,
                                       since 1999, the Treaty with IFC has been, in accordance with its Article 16, paragraph 3, tacitly extended on an annual basis.
                                    
                                    IFC informed me that in 2013, the United Nations Development Program (“UNDP”) together
                                       with IFC and the African Development Bank (“AfDB”) renewed the ATMS Project (“ATMS
                                       V”) for a new period of five years, from January 1, 2013 and ending December 31, 2017.
                                    
                                    IFC – on renewal of ATMS V – indicated that it would continue in its role as Executing
                                       Agency of the project until 31 December 2015, when IFC shall: (i) cease to be Executing
                                       Agency on behalf of UNDP; (ii) exit as Custodian Trustee of the ATMS Foundation; and
                                       (iii) exit as shareholder in AMSCO BV. IFC and the Kingdom of the Netherlands have
                                       therefore concluded that there is no longer any basis for the Treaty with IFC as of 31 December 2015 and that as a consequence that Treaty ceases to have effect
                                       between IFC and the Kingdom of the Netherlands from that same date.
                                    
                                    To ensure a smooth transition and successful continuation of the ATMS Project, UNDP
                                       has agreed that AMSCO BV will take over the role of Executing Agency, now titled “Implementing
                                       Partner”, for the remaining period of the Project ending December 31, 2017.
                                    
                                    In order to cover the continuing works of AMSCO BV and the ATMS Foundation, the Government
                                       of the Kingdom of the Netherlands has the honour to propose a new Treaty, as attached (B), between UNDP and the Kingdom of the Netherlands concerning the
                                       African Training and Management Services (ATMS) Project of the United Nations Development
                                       Programme. The Treaty proposed is identical to the Treaty with IFC, apart from the elements that reflect UNDP being the Contracting Party instead of
                                       IFC.
                                    
                                    If the provisions of the Treaty, as attached (B), are acceptable to UNDP, the Government of the Kingdom of the Netherlands
                                       has the further honour to propose that the Treaty with UNDP be considered concluded
                                       on the date of your affirmative reply and shall enter into force on the date referred
                                       to in Article 17 of the Treaty.
                                    
                                    I avail myself of this opportunity to transmit to UNDP the assurances of my highest
                                       consideration.
                                    
                                    
                                       Sincerely,
                                       
                                    
                                    SIEMON TUINSTRA
                                    
                                    Director
                                    
                                    Legal Affairs Department
                                    
                                    
                                       Mr. Abdoulaye Mar Dieye
                                       
                                    
                                    
                                       Assistant Administrator and Regional Director Regional Bureau for Africa
                                       
                                    
                                    
                                       United Nations Development Programme
                                       
                                    
                                    
                                       New York