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Payment Date <br />llanlent Arnount <br />Contin rent LYM <br />On or before 30 <br />Not to Exceed <br />• Receipt by the Foundation of countersigned <br />days following the <br />$100,000 <br />copy of this Agreement <br />Foundation's <br />receipt of the <br />countersigned copy <br />of this Agreement <br />On or before May <br />Approved 2019 <br />• Completion and approval of Implementation <br />31, 2019 <br />Budget (less <br />Plan and detailed Budget <br />$100,000) <br />• Appointment of a Project Director <br />• Compliance with all other terms of this <br />Agreement <br />On or before <br />Approved 2020 <br />................. _ _ ............................................... <br />. Timely reports and satisfactory progress with <br />February 28, 2020 <br />Budget <br />respect to the Project <br />• Compliance with all other terms of this <br />A reement <br />On or before <br />Approved 2021 <br />. Completion and approval of Sustainability Plan, <br />February 28, 2021 <br />Budget <br />if required <br />• Timely reports and satisfactory progress with <br />respect to the Project <br />• Compliance with all other terms of this <br />Agreement, including moving the project <br />manager position onto a third party manager's <br />(the "Third Party Manager") budget in the final <br />year of the Grant Term <br />2. Purpose. The Grant shall be used by the Grantee to create the Project, which aims <br />to help low-income and part-time workers with unreliable transport options commute to their jobs by <br />partnering with ride -share companies and employers, as further described in Schedule B attached hereto <br />and in a manner consistent with the Project as outlined in this Agreement, the schedules attached hereto <br />and the Project budget as set forth on Schedule C attached hereto (the "Project Budget" or the <br />"Budget"). <br />Use of Grant Funds. <br />(a) Scope and.Rqdgqt. Under United States law, Grant Funds may be expended <br />only for charitable, scientific, literary or educational purposes. This Grant is made only for the purposes <br />stated in this Agreement and the Schedules attached hereto, and Grant Funds shall be used for such <br />purposes in accordance with the Project Budget described in Section 3(b). Any Grant Funds not <br />expended or committed for the purposes of the Grant, or within the period stated above, must be <br />returned to the Foundation, unless otherwise authorized in writing by the Foundation. <br />(b) BLid Lei. The Project Budget has been developed to cover all costs related to <br />the Project and the Foundation's funding of the Project. The Project Budget is currently allocated <br />-2- <br />