21. pants

The NEA, through the Biosafety

Project Unit will maintain a separate account for any

disbursements pertaining to this Memorandum and shall submit to

UNEP on or before the release of the final 25% payment a detailed

breakdown of expenditures incurred, duly certified by an

authorized official of the NEA. The expenditures will be reported

by object of expenditure as per the attached budget (Annex I) of

this Memorandum. Any portion of cash advances remaining unspent

or uncommitted by the NEA on completion of the activities under

this Memorandum will be reimbursed to UNEP within one month of

the presentation of the expenditure report. In the event of any

delay in such reimbursement NEA will be financially responsible

for any adverse movement in exchange rates.