sign an annex to the joint activity agreement, which specifies:

project partner obligations;

project performance indicators;

schedule of project implementation;

estimated project costs and estimated sources of funding (project budget and estimate shall be clarified every year, detailing the plans and costs of the upcoming year);

project budget distribution in accordance to partners.

Both parties hereby undertake to fulfil the conditions established in the agreement and the annexes thereof and if one of them ceases to fulfil them, the agreement can be terminated.

The funds of Kaunas – European Capital of Culture 2022 programme for project implementation shall be transferred by Kaunas 2022 VšĮ to project partner every quarter in accordance with a project budget distribution plan and schedule confirmed in advance. The costs shall be transferred when the new quarter starts and only whenthe uses of funds statement of the last quarter is received together with accounting documents that confirm the use of the budget, the estimated costs and the summary of intermediary indicators.

Costs suitable to be covered from the funds of Kaunas – European Capital of Culture 2022 programme are the costs incurred during the project implementation period necessary to achieve the results established in the project and must be included into the estimated costs of the project. These costs must be directly related to project implementation, comply with the standards of transparent finance management and the principles of cost-efficiency. Project estimate can include the salaries of the employees of cultural institution implementing the project (up to 20 % from the total project budget), costs for business trips planned for