OFFICIAL IZM re .Nr., -4/ a 3 1. 08. 2018 DOCUMENTS AMENDMENT No. 2 TO THE AGREEMENT FOR REIMBURSABLE ADVISORY SERVICES ON INTERNAL HIGHER EDUCATION FINANCING IN LATVIA (P159642) This addendum is made the 50 day of k 2018, between the MINISTRY OF EDUCATION AND SCIENCE OF THE REPYBLIC OF LATVIA (the "Client") and the INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the "Bank") (jointly referred to as "the Parties") to the Reimbursable Advisory Services Agreement on Internal Higher Education Financing in Latvia between the Parties dated May 23, 2016 (the Agreement) as amended. The Parties agree as follows (changes are in italics): 1. Article 4 (a) of the Agreement is hereby amended to read in its entirety as follows: "4. Payment (a) The Client shall pay the Bank a fixed fee of Three Hundred and Seventy Thousand US Dollars (USD 370,000) with the support from the European Social Fund (Operational Programme "Growth and Employment" 8.3.6. Specific Objective "To introduce education quality monitoring system" 8.3.6.1. Activity "Participation in international research", project applications' first call) in accordance with the following schedule of payment: Amount Event upon which Payment is Due Within 14 working days after the delivery of R1-2: Assessment of university-internal funding and governance (including governance of promotion councils) at Latvian case-study universities) Within 14 working days after the delivery of R 2-2: Assessment of doctorate and HR policies (academic selection, promotion, remuneration) at Latvian case-study universities Within 14 working days after the delivery of R2-3: Doctorate and HR policies (academic selection, promotion, remuneration) - proposals for future policy planning and investments USD 50,000 Within 14 working days after the delivery of R3-1: Training on financing and governance and academic careers -four training sessions 2. Article 6 of the Agreement is hereby amended to read as follows: "6. Expiration. This Agreement shall expire on December 30, 2018 unless it shall earlier be renewed with the mutual agreement of the Client and the Bank." 3. Section A of the Schedule to the Agreement will include an additional activity to read as follows: "Phase III. Training on Financing and Governance and Academic Careers. Outputs: 4 training sessions The Bank will conduct four training sessions on two main topics: (a) Financing and governance Two consecutive training sessions with approximately 30 participating higher education institution (HEI) leaders and administrators at each session. (b) Academic careers Two consecutive training sessions with approximately 30 participating HEI leaders and administrators at each session." 4. Table I under Section B. Timetable of the Schedule to the Agreement is hereby amended to read in its entirety as follows: "Table 1. Expected Outcomes and Timetable Expected Outputs Expected Timeline RI-I University-intemal funding and governance - 7 months after signing of this international trends Agreement R1-2 Assessment of university-internal funding and 7 months after signing of this governance (including governance of promotion Agreement councils) at Latvian case-study universities and recommendations for Latvia. R1-3 University-internal funding and governance - 11 months after signing of this proposals for future policy planning and investments Agreement R2-1 Doctorate and HR policies (academic 19 months after signing of this selection, promotion, remuneration) - international Agreement trends R2-2 Assessment of doctorate and HR policies 19 months after signing of this (academic selection, promotion, remuneration) at Agreement Latvian case-study universities and recommendations for Latvia. R2-3 Doctorate and HR policies (academic 23 months after signing of this selection, promotion, remuneration) - proposals for Agreement future policy planning and investments R3-1 Four training sessions on financing and 30 months after signing of governance and academic careers this Agreement 5. Table 2 under Section D. Counterparts and Facilities of the Schedule to the Agreement is hereby amended to read in its entirety as follows: "Table 2. Indicative Schedule of Planned Activities in Latvia Project phase Event Expected timeline Extended visit I June 2016 Technical visit 1 September/October 2016 -2- Project phase Event Expected timeline I: University-internal Dissemination event I December 2016 governance and performance- based financina in Latvian HEls II. Doctorate, Selection, Extended visit II May/June 2017 Promotion and Remuneration of Technical visit II September/October 2017 Academic Staff. Dissemination event II April 2018 III. Trainingz on Financing and Training on September-November Governance and Academic Financing and 2018 Careers governance (2 consecutive days) Training on September-November Academic careers (2 2018 consecutive days) 6. All the other articles and provisions of the Agreement shall remain unchanged. IN Witness WHEREOF, the parties hereto, acting through their duly authorized representatives, have caused this Agreement to be signed in their respective names as of the day and year first above written. This amendment will become effective as of the date of countersignature, upon receipt by the Bank of the countersigned copy of this Amendment Letter. MINISTRY OF EDUCATION AND INTERNATIONAL BANK FOR SCIENCE OF THE RECONSTRUCTION AND REPUBLIC 0 L TVIA DEVELOPMENT By: By: Authdvi spiwetidve Authorized Representative Name: .Lejiya Name: cfrt P) N (+ Title: Title: C9 Date: 30 -08- Date: -929 -3-