Amendment No. 1 of Specific Grant Agreement No. EIT/EIT INNOENERGY/SGA2020/1
Ref. Ares(2020)3428534 - 30/06/2020
EIT – EIT InnoEnergy
Specific Grant Agreement 2020
Amendment No. 1
Contract No. EIT/EIT INNOENERGY/SGA2020/1
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Amendment No. 1 of Specific Grant Agreement No. EIT/EIT INNOENERGY/SGA2020/1
The European Institute of Innovation and Technology ('the EIT'), represented for the purposes of
signature of this Specific Agreement by its Director Martin KERN,
and
on the other part,
1. The Knowledge and Innovation Community Legal Entity (hereinafter referred to as 'the KIC LE’):
KIC InnoEnergy SE (‘KIC InnoEnergy’) a Societas Europea duly incorporated under the Laws of
The Netherlands with registered office located at the John F. Kennedylaan 2 6E Verdieping, 5612 AB
Eindhoven, the Netherlands, registered in the Trade Chamber of Eindhoven under the number
51418886, represented for the purpose of signing the Specific Agreement by its CEO Diego PAVIA,
hereinafter referred to as the “KIC LE”,
2. and the other Knowledge and Innovation Community ('KIC') Partners listed in Annex 2 of the
Framework Partnership Agreement, represented for the purposes of signing the Specific Grant
Agreement by the KIC LE (see the mandate in Annex 4 of the Framework Partnership Agreement and
Article 62 of the Framework Partnership Agreement),
Having regard to the Framework Partnership Agreement (Contract No. FPA2016/EIT/EIT InnoEnergy),
concluded on 7 March 2016, hereinafter referred to as ‘FPA’,
Having regard to the Specific Grant Agreement 2020 (Contract No. EIT/EIT InnoEnergy/SGA2020)
concluded between the EIT and the KIC LE on 20 February 2020, hereinafter referred to as ‘SGA2020’,
Whereas,
1) On 20 February 2020 the SGA2020 was signed between the EIT and KIC LE, awarding the grant of
EUR 81,785,400.38 representing the maximum EIT contribution.
2) Following the outbreak of the COVID-19 pandemic, on 14 May 2020 the EIT Governing Board
adopted its Decision 06/2020 and decided to allocate an additional amount of EUR 60,000,000 to
the eight KICs for activities targeting the COVID-19 crisis and its negative economic effects.
3) Further to the EIT’s invitation to submit proposals for additional EIT funding in response to the
COVID-19 crisis, the KIC submitted its proposal on 31 May 2020.
4) By its Decision 14/2020 the Governing Board decided on the maximum EIT financial contribution
to the eight KICs for activities targeting the COVID-19 crisis. The EIT Director awarded
EUR 7,388,122.27 for EIT InnoEnergy for these additional activities proposed by the KIC.
5) The text of SGA2020 should therefore be amended accordingly; the corresponding Annex 1
(Description of the specific action) and Annex 2 (Estimated budget 2020) will be consolidated and
amended by the upcoming Amendment No 2.
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Amendment No. 1 of Specific Grant Agreement No. EIT/EIT INNOENERGY/SGA2020/1
HAVE AGREED AS FOLLOWS
Article 1
Article 4.2 of SGA2020 shall be replaced by the following:
“4.2
Maximum grant amount
The 'maximum grant amount' is EUR 89,173,522.65 (eighty-nine million one hundred and seventy-three
thousand five hundred and twenty-two euros and sixty-five eurocents), out of which:
-
EUR 1,598,153.23 (one million five hundred ninety-eight thousand and one hundred fifty-three
euros and twenty-three cents) shall be earmarked for the implementation of the Cross-KIC
activities; and
-
EUR 2,396,602.05 (two million three hundred ninety-six thousand and six hundred two euros
and five cents) shall be earmarked for the implementation of EIT RIS activities.”
Article 2
Article 17.2 of the SGA2020 shall be replaced by the following:
“The aim of the pre-financing is to provide the KIC Partners with a float.
It remains the property of the EIT until the payment of the balance.
The amount of the pre-financing payment will be EUR 62,421,465.86 (sixty-two million four hundred
twenty-one thousand four hundred and sixty-five euros and eighty-six eurocents).
The EIT will – except if Article 54 FPA applies – make the pre-financing payment to the KIC LE within 30
days either from the entry into force of the Specific Agreement (see Article 21) or from 10 days before
the starting date of the specific actions (see Article 3), whichever is the latest.
An amount of EUR 4,458,676.13 (four million four hundred fifty-eight thousand six hundred and
seventy-six euros and thirteen eurocents), corresponding to 5.00% of the maximum grant amount (see
Article 4.2), is retained by the EIT from the pre-financing payment and transferred into the 'Guarantee
Fund'.”
Article 3
All other provisions of the SGA2020 shall remain unchanged and shall continue to apply.
Article 4
(1) The present amendment shall form an integral part of SGA2020 and it shall enter into force on the
day of signature by the EIT or the KIC LE, depending on which is later.
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Amendment No. 1 of Specific Grant Agreement No. EIT/EIT INNOENERGY/SGA2020/1
(2) The present amendment shall take effect on 1 April 2020.
SIGNATURES
For the EIT
For the KIC LE
Martin KERN, EIT Director
Diego PAVIA, CEO
Done in Budapest, 2020
Done in , 2020
In duplicate, in English.
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