Common use of Grant Payment Clause in Contracts

Grant Payment. The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments as follows: the 1st installment in the amount of€7,992.00 within 15 working days after the delivery ofthe valid and effective Contract by the Grantee to the Fund (the "First lnstallment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the contents and requisites of which are set forth in the Grants Guidelines published and available on the Funďs website, in the period under Artic le 6, section 6.2 ofthe Contract (the "Final Report"); the 2nd (and final) installment in the amount of €1,998.00 within 15 working days after the Final Report and Financial Statement are approved by the Fund according to Article 6 hereof (the "Final lnst allment") . Parties agreed that the Final lnstallment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof , the Fund reimburses the due amount ofthe Final lnstallment. The Grantee shall be entitled to the 2nd lnstallment and Final Installment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . The Fund reserves the right to deny the disbursement of the Grant or any part of it, in case the Grantee does not comply either with the Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ation's submissi on, or the provisions of the present Contract. ln such case, the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. The Grantee declares that prior to signing this Contract they have made themselves familiar with the Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of the grants, including the Grant provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or g). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments instalments as follows:  the 1st installment instalment in the amount of€7,992.00 of €29,560.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which are set forth in the Grants Guidelines published and available on the Funďs website, Fund’s website in the period under Artic le Article 6, section 6.2 ofthe of the Contract (the "Final Report");  the 2nd (and final) installment in the amount of €1,998.00 7,390.00 within 15 working days after the Final Report and Report, Financial Statement and Audit Report are approved by the Fund according to Article 6 hereof (the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Instalment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe of the Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment Instalment and Final Installment Instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the Grant or any part of it, in case the Grantee does not comply either with the Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, submission or the provisions of the present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement disbursement. The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. . 4.4 The Grantee declares that prior to the signing of this Contract they have made themselves familiar with the Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or gxxxxxxxxxxxxxx). The Grantee shall be obliged to accept all such rules and principles ofthe of the Fund. . 4.5 The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs Fund's website (www.v is egradfu nd. orgxxxxxxxxxxxxxxxxxx). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in hereofin 2 installments instalments as follows: • the 1st installment in the amount of€7,992.00 of€7,820.00 within 15 working days after the delivery ofthe valid and effective Contract by the Grantee to the Fund (the "First lnstallmentlnstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which ofwhich are set forth in the Grants Guidelines published and available on the Funďs website, website in the period under Artic le Article 6, section 6.2 ofthe Contract (the "Final Fina! Report"); • the 2nd (and final) installment in the amount of €1,998.00 1,955.00 within 15 working days after the Final Fina! Report and Financial Statement are approved by the Fund according to Article 6 hereof (the hereof(the "Final lnst allmentFina! Instalment") ). Parties agreed that the Final lnstallment Fina! Instalment must be pre-financed by the Grantee and, if duly ifduly approved under the conditions set forth hereof hereof, the Fund Funli reimburses the due amount ofthe Final lnstallment. Fina! Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment (and Final Installment final) instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of EventsofEvents/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the ofthe Grant or any part of itofit, in case the Grantee does not comply either with the Rules and Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationofthe Application's submissi on, submission or the provisions of the ofthe present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing this ofthis Contract they have made themselves familiar with the Rules and Grant Guidelines of the ofthe Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the ofthe Fund (www.visegrad fund.or gxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments instalments as follows: • the 1st 1 st installment in the amount of€7,992.00 of €9,836.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentlnstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which ofwhich are set forth in the Grants Guidelines published and available on the Funďs website, website in the period under Artic le Article 6, section 6.2 ofthe of the Contract (the "Final ''Fina! Report"); • the 2nd (and final) installment in the amount of €1,998.00 of€2,459.00 within 15 working days after the Final Report and Fina! Report, Financial Statement and Audit Report are approved by the Fund according to Article 6 hereof (the "Final lnst allmentFina! Instalment") ). Parties agreed that the Final lnstallment Fina! Instalment must be pre-financed by the Grantee Orantee and, if duly ifduly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment Instalment and Final Installment of the Fina! Instalment ofthe Grant solely upon the approval of the ofthe Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and hereofand in the Calendar of EventsofEvents/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the ofthe Grant or any part of itofit, in case the Grantee does not comply either with the Rules and Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, submission or the provisions of the ofthe present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing this ofthis Contract they have made themselves familiar with the Rules and Grant Guidelines of the ofthe Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the ofthe Fund (www.visegrad fund.or gxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules rl}les and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in hereofin 2 installments as follows: • the 1st installment in the amount of€7,992.00 of€17,716.00 within 15 working days after the delivery ofthe valid and effective Contract by the Grantee to the Fund (the "First lnstallmentJnstallment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the contents and requisites of which ofwhich are set forth in the Grants Guidelines published and available on the Funďs website, in the period under Artic le Article 6, section 6.2 ofthe Contract (the "Final Fina! Report"); • the 2nd (and final) installment in the amount of €1,998.00 of€4,429.00 within 15 working days after the Final Report and Fina) Report, Financial Statement and Audit Report are approved by the Fund according to Article 6 hereof (the "Final lnst allmentFina! Installment") ). Parties agreed that the Final lnstallment Installment must be pre-financed by the Grantee and, if duly ifduly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe Final lnstallment. Installment. 4.2 The Grantee shall be entitled to the 2nd lnstallment and Final Installment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of EventsofEvents/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the ofthe Grant or any part of itofit, in case the Grantee does not comply either with the Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi onsubmission, or the provisions of the present Contract. ln In such case, the Grantee shall not be entitled to any dis bursement disbursement. The Fund also reserves the right to reduce the Grant or any part of itofit, in case the Grantee is entitled for any tax (VAT) refund from local authorities. . 4.4 The Grantee declares that prior to signing this Contract they have made themselves familiar with the Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of the grants, including the Grant provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or g�.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. . 4.5 The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available thereofavailable at the Funďs website (www.v is egradfu nd. orgxxx.xxxxxxxxxxxx.xxx). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments 3 instalments as follows: • the 1st installment in the amount of€7,992.00 of €4,800.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which are set forth in the Grants Guidelines published and available on the Funďs website, Fund' s website in the period under Artic le Article 6, section 6.2 ofthe of the Contract (the "Final Report"); • the 2nd (and final) installment in the amount of €1,998.00 1,200.00 within 15 working days after the Final Report and Financial Statement are approved by the Fund according to Article 6 hereof (the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Instalment must be pre-financed by the Grantee and, . if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe of the Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment (and Final Installment final) instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the Grant or any part of it, . in case the Grantee does not comply either with the Rules and Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, submission or the provisions of the present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing of this Contract they have made themselves familiar with the Rules and Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or gxxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments instalments as follows: • the 1st installment in the amount of€7,992.00 of €20,512.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which are set forth in the Grants Guidelines published and available on the Funďs website, Fund’s website in the period under Artic le Article 6, section 6.2 ofthe of the Contract (the "Final Report"); • the 2nd (and final) installment in the amount of €1,998.00 5,128.00 within 15 working days after the Final Report and Report, Financial Statement and Audit Report are approved by the Fund according to Article 6 hereof (the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Instalment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe of the Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment Instalment and Final Installment Instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the Grant or any part of it, in case the Grantee does not comply either with the Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, submission or the provisions of the present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing of this Contract they have made themselves familiar with the Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or gxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe of the Fund. . 4.5 The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs Fund's website (www.v is egradfu nd. orgxxx.xxxxxxxxxxxx.xxx). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments instalments as follows: • the 1st installment in the amount of€7,992.00 of €18,560.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which are set forth in the Grants Guidelines published and available on the Funďs website, Fund’s website in the period under Artic le Article 6, section 6.2 ofthe of the Contract (the "Final Report"); • the 2nd (and final) installment in the amount of €1,998.00 4,640.00 within 15 working days after the Final Report and Report, Financial Statement and Audit Report are approved by the Fund according to Article 6 hereof (the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Instalment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe of the Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment Instalment and Final Installment Instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the Grant or any part of it, in case the Grantee does not comply either with the Rules and Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, submission or the provisions of the present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing of this Contract they have made themselves familiar with the Rules and Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or gxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments instalments as follows: • the 1st installment in the amount of€7,992.00 of €8,000.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which are set forth in the Grants Guidelines published and available on the Funďs website, Fund’s website in the period under Artic le Article 6, section 6.2 ofthe of the Contract (the "Final Report"); • the 2nd (and final) installment in the amount of €1,998.00 1,999.00 within 15 working days after the Final Report and Financial Statement are approved by the Fund according to Article 6 hereof (the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Instalment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe of the Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment (and Final Installment final) instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the Grant or any part of it, in case the Grantee does not comply either with the Rules and Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, submission or the provisions of the present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing of this Contract they have made themselves familiar with the Rules and Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or gxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in hereofin 2 installments instalments as follows: • the 1st installment in the amount of€7,992.00 of€7,236.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which ofwhich are set forth in the Grants Guidelines published and available on the Funďs website, website in the period under Artic le Article 6, section 6.2 ofthe Contract (the "Final Report"); • the 2nd (and final) installment in the amount of €1,998.00 1,808.00 within 15 working days after the Final Fina! Report and Financial Statement are approved by the Fund according to Article 6 hereof (the hereof(the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Fina! lnstalment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe Final lnstallment. Fina! lnstalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment (and Final Installment final) instalment of the Grant solely upon the approval of óf the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the ofthe Grant or any part of itofit, in case the Grantee does not comply either with the Rules and Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationofthe Application's submissi on, submission or the provisions of the ofthe present Contract. ln such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing this ofthis Contract they have made themselves familiar with the Rules and Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the ofthe Fund (www.visegrad fund.or www.vis�radfund,m:g). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments instalments as follows: • the 1st installment in the amount of€7,992.00 of €17,684.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which are set forth in the Grants Guidelines published and available on the Funďs website, Fund’s website in the period under Artic le Article 6, section 6.2 ofthe of the Contract (the "Final Report"); • the 2nd (and final) installment in the amount of €1,998.00 4,421.00 within 15 working days after the Final Report and Report, Financial Statement and Audit Report are approved by the Fund according to Article 6 hereof (the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Instalment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe of the Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment Instalment and Final Installment Instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the Grant or any part of it, in case the Grantee does not comply either with the Rules and Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, submission or the provisions of the present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing of this Contract they have made themselves familiar with the Rules and Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or gxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments instalments as follows: • the 1st installment in the amount of€7,992.00 of €8,000.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which are set forth in the Grants V4 Gen Guidelines published and available on the Funďs Fund’s website, in the period under Artic le 6, section 6.2 ofthe Contract (the "Final Report"); • the 2nd (and final) installment in the amount of €1,998.00 2,000.00 within 15 working days after the Final Report and Financial Statement are is approved by the Fund according to Article 6 hereof (the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Instalment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe of the Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment Instalment and Final Installment Instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar List of Events/Outputs Events as specified in Attachment No. 2 . 1 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the Grant or any part of it, in case the Grantee does not comply either with the Grant V4 Gen Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, or submission and/or the provisions of the present Contract, and/or in case the number of direct participants and the number of days shall be lower than stated in the List of Events. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing of this Contract they have made themselves familiar with the Grant V4 Gen Guidelines of the Fund which are applied by the Fund for the organization and treatment of the grants, including the Grant provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or gxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe of the Fund. . 4.5 The Fund is entitled to unilaterally change and/or amend the Grant V4 Gen Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs Fund's website (www.v is egradfu nd. org). The Grantee is obliged to comply with xxx.xxxxxxxxxxxx.xxx) and notify the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:Grantee.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments instalments as follows: • the 1st installment in the amount of€7,992.00 of €7,984.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which are set forth in the Grants Guidelines published and available on the Funďs website, Fund’s website in the period under Artic le Article 6, section 6.2 ofthe of the Contract (the "Final Report"); • the 2nd (and final) installment in the amount of €1,998.00 1,996.00 within 15 working days after the Final Report and Financial Statement are approved by the Fund according to Article 6 hereof (the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Instalment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe of the Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment (and Final Installment final) instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the Grant or any part of it, in case the Grantee does not comply either with the Rules and Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, submission or the provisions of the present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing of this Contract they have made themselves familiar with the Rules and Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or gxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.

Grant Payment. 4.1 The Grant shall be paid to the Grantee under the conditions set forth in Section 4.2 hereof in 2 installments instalments as follows: • the 1st installment in the amount of€7,992.00 of €15,280.00 within 15 working days after the delivery ofthe of the valid and effective Contract by the Grantee to the Fund (the "First lnstallmentInstalment"); Contracting Parties agreed that the Grantee is obliged to deliver to the Fund a final report, the report contents and requisites of which are set forth in the Grants Guidelines published and available on the Funďs website, Fund’s website in the period under Artic le Article 6, section 6.2 ofthe of the Contract (the "Final Report"); • the 2nd (and final) installment in the amount of €1,998.00 3,820.00 within 15 working days after the Final Report and Report, Financial Statement and Audit Report are approved by the Fund according to Article 6 hereof (the "Final lnst allmentInstalment") ). Parties agreed that the Final lnstallment Instalment must be pre-financed by the Grantee and, if duly approved under the conditions set forth hereof hereof, the Fund reimburses the due amount ofthe of the Final lnstallment. Instalment. 4.2 The Grantee shall be entitled to the 2nd lnstallment Instalment and Final Installment Instalment of the Grant solely upon the approval of the Fund provided (i) the relevant reports relating to the particular installment instalment were delivered by the Grantee to the Fund within the periods stated in Article 6 hereof and in the Calendar of Events/Outputs as specified in Attachment No. 2 hereto and (ii) such reports were approved by the Fund pursuant to Article 6 hereof . hereof. 4.3 The Fund reserves the right to deny the disbursement of the Grant or any part of it, in case the Grantee does not comply either with the Rules and Grant Guidelines mentioned in 4.4 and applicable at the time of the App lic ationApplication's submissi on, submission or the provisions of the present Contract. ln In such case, case the Grantee shall not be entitled to any dis bursement . The Fund also reserves the right to reduce the Grant or any part of it, in case the Grantee is entitled for any tax (VAT) refund from local authorities. disbursement. 4.4 The Grantee declares that prior to the signing of this Contract they have made themselves familiar with the Rules and Grant Guidelines of the Fund which are applied by the Fund for the organization and treatment of with the grants, including the Grant Xxxxx provided to the Grantee under this Contract, and which are published on the website of the Fund (www.visegrad fund.or gxxx.xxxxxxxxxxxx.xxx). The Grantee shall be obliged to accept all such rules and principles ofthe Fund. The Fund is entitled to unilaterally change and/or amend the Grant Guidelines even through validity ofthe Contract and is in such case obliged to make the valid version thereof available at the Funďs website (www.v is egradfu nd. org). The Grantee is obliged to comply with the updated Grant Guidelines after receiving a notification about changes and/or amendments by the Fund. GRANT UTILIZATION The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the lmplementation Period of the Project according to the budget pian which forms Attachment No. I hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly Iinked to the Project). The expenses required for the Project from the Grant cannot exceed the approved amount. The Grant may only be used during the contracted lmplementation Period. The part of the Grant not used during the lmplementation Period sha ll be retumed by the Grantee to the Fund upon request within 15 working days. The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. " Any change in the qualified expenses as stated in the Budget exceeding the amounts in individual budget categories as specified in the Grant Guidelines requires the prior approval of the statutory representative of the Fund. For such approval to be granted šl­ request must be submitted in the Online System with proper justification. Without the Funďs approval, the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. The financial resources ofthe Grant other than overhead costs cannot be used for:.