diff --git a/m4/ngi-ap3-m4-report.tex b/m4/ngi-ap3-m4-report.tex
index f9bcef5..283c9d3 100644
--- a/m4/ngi-ap3-m4-report.tex
+++ b/m4/ngi-ap3-m4-report.tex
@@ -358,7 +358,7 @@ In addition,
 {document 24} at \url{https://docs.taler.net/design-documents} also lays out
 the design.  The implementation is distributed across multiple repositories:
 
-{ \small
+{
 \begin{description}
 	\item[Exchange:] The following REST endpoint handlers and their
 		accompanying helper functions in
@@ -375,6 +375,7 @@ the design.  The implementation is distributed across multiple repositories:
 		\href{https://git.taler.net/exchange.git/tree/src/exchangedb/common.sql}{common.sql}, 
 		\href{https://git.taler.net/exchange.git/tree/src/exchangedb/exchange-0001.sql}{exchange-0001.sql},
 		\href{https://git.taler.net/exchange.git/tree/src/exchangedb/plugin\_exchangedb\_postgres.c}{plugin\_exchangedb\_postgres.c}.
+
 	\item[Merchant:]
 		Under \url{https://git.taler.net/merchant.git/tree/src/},
 		\begin{itemize}
@@ -608,9 +609,9 @@ particular, we implemented the following parts:
 
 	\item[Transcript replay:]  An external program to replay a transcript
 		has been implemented as part of \texttt{libbrandt}.  It
-		consumes transcript of an auction in JSON-encoding, generates
-		an Brandt-Vickrey-auction and replays all provided messages.
-		On success, it returns the winning bidder(s) and price(s)
+		consumes a transcript of an auction in JSON-encoding, generates
+		a Brandt-Vickrey-auction and replays all provided messages.  On
+		success, it returns the winning bidder(s) and price(s)
 		according the transcript.
 
 	\item[Policy extension for auctions:]  A policy extension for GNU Taler