OFFICIAL AS (7s) st 4O DDCUMENTS THE WORLD BANK IBRD* IDA I WORLD BANKGROUP ARES 21 NOV. 2018 ARUP BANERJI Regional Director No European Union Countries I- .-. .... Europe and Central Asia CF* * August 23, 2018 Ms. Judit Torokne-Rozsa Head of Unit for Poland, Slovakia, and Czechia Directorate General for Employment, Social Affairs and Inclusion European Commission Rue de la Spa 3 B-1049 Bruxelles - Belgium Dear Ms. Torokne-Rozsa, Re: Administration Agreement between the European Commission and the International Bank for Reconstruction and Development concerning the Part II Europe 2020 Programmatic Single-Donor Trust Fund (No. TF072733) (EC Contract No 30-CE-0872-647/00-64) Amendment No. 1 Please refer to the Administration Agreement between the European Commission (the "Donor") and the International Bank for Reconstruction and Development (the "Bank") for the Poland Return on Investment in Innovation Trust Fund No. TF072733 ("Trust Fund") dated July 13, 2017 ("Administration Agreement"). The capitalized terms used in this letter ("Amendment Letter") and not defined herein have the meaning ascribed to them in the Administration Agreement. I also refer to our teams' recent discussions regarding the need to extend the End Disbursement Date of the Trust Fund by six months in order to allow the activities to be completed as envisioned in the Administration Agreement, including follow-up consultations with the Donor and Government of Poland on the results of the analyses. This extension of the Trust Fund End Disbursement Date will consequently result in certain adjustments to the indicative timetable of outputs. In light of the above developments, the Bank proposes to amend the Administration Agreement as follows: 1. The Indicative outputs and timeline table under Section 2 of Annex 1 to the Administration Agreement is hereby amended as follows: Avenue Marnix 17 * B-1000 Brussels * BELGIUM Tel: +32.2.504.0994 Ms. Judit Torokne-Rozsa -2- August 23, 2018 "Indicative outputs and timeline table The timeline of the project will cover 24 months and include the following steps Delivery Schedule Time needed for (from date of output effectiveness of this Agreement) 1) Development of a methodology to calculate return to public investments 3.5 months 4 months in research and innovation (Component One) 2) Ex-post evaluation of ESIF financial support for innovation in Poland 14 months* 18 months (Component Two) 3) Developing and piloting tools for assessing public expenditures in research and innovation (Component Three) 4) Project Closing Seminar(s)/ 2 months 20 months Conference(s) 5) Final Report Document 2 months 22 months * Subject to data availability." 2. Section 6.1 of Annex 2 to the Administration Agreement is hereby amended as follows: "6.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by May 31, 2019 (the "End Disbursement Date"). The Bank shall only disburse funds deposited in the Trust Fund for the purposes of this Administration Agreement (other than returns to Donor) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreement(s) of the Donor. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to the Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by the Donor, all calculated as Holding Currency amounts." All the terms and conditions of the Administration Agreement, except as amended hereby, shall remain in full force and effect. Ms. Judit Torokne-Rozsa -3- August 23, 2018 Please confirm the Donor's agreement to the amendment by signing and dating this Amendment Letter in the spaces provided below. All other provisions of the Administration Agreement, except as amended through this Amendment Letter, shall remain in full force and effect. This Amendment Letter shall be executed in two (2) counterparts each of which shall be an original. The provisions set forth in this Amendment Letter shall become effective as of the date of the countersignature upon receipt by the Bank of one fully executed original of this Amendment Letter. Sincerely, INTERNATIONAL BANK FOR TjNSTRICTION AND DEVELOPMENT panerfi Regional Director European Union Countries AGREED: DIRECTORATE GENERAL FOR EMPLOYMENT, SOCIAL AFFAIRS AND INCLUSION EUROPEAN COMMISSION By: uthorized Representative Name: 0752 Title: o - Date: 34