This is a technical explanation of the Protocol signed at Washington on March 8, 2004 (the "Protocol"), amending the Convention between the United States of America and the Kingdom of the Netherlands for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, signed at Washington on December 18, 1992 (the "1992 Convention"), as amended by a protocol signed at Washington on October 13, 1993 (the "1993 Protocol"). The term "Convention" refers to the 1992 Convention as modified by both the 1993 Protocol and the Protocol.