Grant Agreement - Bloomberg Philanthropies - Bloomberg Mayors Challenge

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Grant Funds will be paid to, or on behalf of, U.S. Government officials, except as permitted under Treasury Regulation 53.4941(d)-3(e). (f) Modification of Project. The Foundation may request that the Grantee modify the Project during the term of the Grant, provided any such modifications are reasonable in terms of financial resources and scope. If the Foundation and the Grantee cannot reach an agreement about the terms of any such proposed modification, the Foundation shall have the right to discontinue funding the Project or cancel the Grant with respect to any then undistributed Grant Funds. (g) Sub -Grants. It is understood that the Grantee may make sub -grants in connection with the Project. The Grantee has the exclusive right to select such sub -grantees and any sub -contractors for the Project. The Foundation has not earmarked the use of the Grant Funds for any specific sub -grantee or sub -contractor. The Grantee may make payments to sub -grantees and sub- contractors in currencies other than in U.S. Dollars; however, the Grantee must retain any gains/losses from currency exchanges in the Project Budget to be used for the Project specifically for sub -grants or sub -contracts, unless otherwise approved by the Foundation per Section 3(a). The Grantee shall also report any significant currency fluctuation to the Foundation. The Grantee is responsible for ensuring that all sub -grantees and sub -contractors use the Grant Funds for the purposes of the Grant and the Project. The Grantee shall not, and shall require that its sub -grantees and sub -contractors funded with proceeds of the Grant Funds not, make any statement or otherwise imply to donors, investors, media or the general public that the Foundation directly funds the activities of any sub -grantee or sub -contractor. For the avoidance of doubt, any sub -grantees described in Schedule B, attached hereto, are listed as examples only, and it is within the sole discretion of the Grantee to determine whether such organizations, or any other organizations will in fact receive sub -grants. (h) Promotioti of the rojeLt. The Grantee shall (i) work with the Foundation to maximize ongoing media opportunities including but not limited to Mayoral events, press releases, social media promotion, (ii) participate in, and provide leadership with respect to, creating communities of interest in the Project and (iii) work with the Foundation and consultants provided by Bloomberg Philanthropies to document the Project by facilitating and/or producing publications, audio or video programming, film or other media regarding the Project. (i) Cooperation with Consultaiits. The Grantee shall cooperate with and provide information to the consultants provided by Bloomberg Philanthropies to serve as a learnings and technical assistance partner on the Project. Such cooperation shall include participating in monthly calls, periodic meetings and site visits, and providing information about the Project when requested. 4. Additional Project Funding and Continuity. To the extent that the Grant Funds do not cover the full cost of implementation of the Project, the Grantee shall secure additional sources of funding for the outstanding Project cost. As part of the Metrics Reports (as described below), the Grantee shall include information on all fundraising milestones that are set in the Grantee's Implementation Plan. Such reports shall include information about potential and secured funding sources and progress towards fulfilling the cost of the Project. If the Project is successful (as reasonably determined by the Foundation by February 28, 2021), the Grantee shall sustain the Project beyond the Grant Term period and shall submit a sustainability plan (the "Sustainability Plan") to the Foundation for review and approval by January 31, 2021, prior to the distribution of the final installment of Grant Funds. The Sustainability Plan shall include the portion of the Budget that will transition onto a Third