Common use of Clause Seven Clause in Contracts

Clause Seven. (Indirect Costs) The indirect costs in project (overheads) will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d), Art. 8.5.2 and 8.5.3 of the EEA Regulation. Based on the abovementioned regulation, the maximum amount and percentages allocates to the indirect costs are as follows: The indirect costs in project (overheads) for the Promoter will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d) (chose) of the EEA Regulation, with the maximum amount and percentage: ……………………. € (.....................................................................), …… %; The indirect costs in project (overheads) for the Partner Entity, First Contracting Party will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d) (chose) of the EEA Regulation, with the maximum amount and percentage: ……………………. € (.....................................................................), …… %; The indirect costs in project (overheads) for the Partner Entity, Second Contracting Party will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d) (chose) of the EEA Regulation, with the maximum amount and percentage: ……………………. € (.....................................................................), …… %; The indirect costs in project (overheads) for the Partner Entity, Third Contracting Party will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d) (chose) of the EEA Regulation, with the maximum amount and percentage: ……………………. € (.....................................................................), …… %; Each of the Contracting Parties is responsible for justifying the amount and percentage to be used, in conformity with the detailed methodology published on the Programme’s website – estimated cost method. Clause Eight (Advanced Payments) The Partner Entity is entitled to advanced payments, which shall be performed through the Programme Operator, considering the percentage of work previously distributed to the Partner Entity and the funds transfer from the Programme Operator through its designated channels, in conformity with the rules of the Programme. Clause Nine

Clause Seven. (Indirect Costs) The indirect costs in project (overheads) will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d), Art. 8.5.2 and 8.5.3 of the EEA Regulation. Based on the abovementioned regulation, the maximum amount and percentages allocates to the indirect costs are as follows: The indirect costs in project (overheads) for the Promoter will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d) (chose) of the EEA Regulation, with the maximum amount and percentage: ……………………. € (.....................................................................), …… %; The indirect costs in project (overheads) for the Partner Entity, First Contracting Party will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d) (chose) of the EEA Regulation, with the maximum amount and percentage: ……………………. € (.....................................................................), …… %; The indirect costs in project (overheads) for the Partner Entity, Second Contracting Party will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d) (chose) of the EEA Regulation, with the maximum amount and percentage: ……………………. € (.....................................................................), …… %; The indirect costs in project (overheads) for the Partner Entity, Third Contracting Party will be identified in accordance with Art. 8.5.1 (a), (b), (c) or (d) (chose) of the EEA Regulation, with the maximum amount and percentage: ……………………. € (.....................................................................), …… %; Each of the Contracting Parties is responsible for justifying the amount and percentage to be used, in conformity with the detailed methodology published on the Programme’s website – estimated cost method. Clause Eight (Advanced Payments) The Partner Entity is entitled to advanced payments, which shall be performed through the Programme Operator, considering the percentage of work previously distributed to the Partner Entity and the funds transfer from the Programme Operator through its designated channels, in conformity with the rules of the Programme. Clause NineNine (Monetary Unit and Currency Exchange) The Parties agree that the monetary unit of the partnership is the Euro. The currency exchange rule for expenditure and its reimbursement will be on the basis of Art. 9.6 of the EEA Regulation. Clause Ten (Rules regarding Market Risk from Changes in Foreign Exchange) All market risk from variations in the foreign exchange rate shall be assumed by the Contracting Party who submitted the expenditure in foreign currency. CHAPTER III COMMUNICATION BETWEEN THE PARTIES Clause Eleven (Communication in writing and receipt) Any notification, notice, agreement, approval, observation or decision concerning this Agreement shall be communicated in writing to the other party, in the standard format, whenever this is provided, together with all the necessary approvals and signatures. Whenever this Agreement specifies contractual deadlines for submitting a communication in written form, the party responsible for its submission shall take all the necessary measures to assure the timely reception of that communication by the other party, and will require a confirmation receipt. Parties will further use normal means of communication throughout the project execution, such as e-mail, telephone, video conferencing etc., in addition to the regular face to face meetings, which will be held in convenient and agreed locations.