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Page 2 of 21 <br />good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the <br />parties hereto agree as follows: <br />1.TERM OF AGREEMENT. This Agreement shall be effective upon the Effective <br />Date and shall remain in full force and effect, unless sooner terminated in accordance with the <br />terms herein or otherwise extended by the terms hereof, until a letter of completion is issued by <br />the IEDC (the “Expiration Date”). <br />2.PROJECT CLAIM FORM. Prior to the execution of this Agreement, Grantee <br />completed and submitted the Regional Development Plan Project Claim Form (“Claim Form”) to <br />the RDA for approval and submittal to the IEDC. The Claim form was approved by the RDA, <br />submitted to the IEDC, and approved by the IEDC for the Project. The approved Claim Form (and <br />all other approval documents provided by the IEDC) is attached hereto as Exhibit “C” and made <br />a part hereof. In connection with the submission of the Claim Form, if applicable to Grantee, the <br />RDA shall require Grantee to provide its indirect cost rate, as defined in 2 CFR § 200.414, as <br />amended from time to time. <br />3.DUTIES AND RESPONSIBILITIES OF GRANTEE. Grantee shall use the <br />Project Funds received pursuant to this Agreement exclusively in compliance with the provisions <br />of this Agreement, the approved Claim Form, the IEDC Agreement, the RDA’s Regional <br />Development Plan (“RDP”), and federal and state (in conformance with Indiana Code §5-28-37, <br />Indiana Code §5-28-38, and other legal authority affecting the use of Project Funds) laws. In <br />exchange for receipt of the Project Funds for the Project, the Grantee also agrees to comply with <br />the following: <br />A.Compliance with IEDC Agreement; Federal Statutes and Regulations. <br />Grantee shall comply with any and all of the applicable terms, provisions, conditions and <br />restrictions contained in the IEDC Agreement. Grantee shall remain in compliance with <br />the federal statutes and regulations at 2 C.F.R. § 200 et seq., and the Uniform <br />Administrative Requirements, Cost Principles, and Audit Requirements for Federal <br />Awards, including, but not limited to, Subparts A-F. By submitting a Claim Form and/or <br />Claim Voucher (as hereinafter defined), the Grantee certifies to the RDA that all claims for <br />payment are allowable, allocable, and reasonable in accordance with 2 C.F.R. § 200.403 <br />and the other cost principles in Subpart E of Part 200, as all are amended from time to time. <br />Grantee represents, as is applicable, that it is currently in compliance with and shall remain <br />in compliance with 2 C.F.R. Part 25, as amended from time to time, requiring registration <br />in the federal System for Award Management (SAM.gov), and 2 C.F.R. Part 170, as <br />amended from time to time, requiring reporting of subaward and executive compensation <br />information, as amended from time to time. <br />B.Distribution of Project Funds. Grantee understands and agrees that local and <br />private dollars will be expended by Grantee for projects funded by the Grant and the totality <br />of the Grant through READI requires a minimum of a 4:1 ratio to Grant funds by the <br />completion of READI. The 4:1 match must be comprised of a minimum of a 1:1 ratio in <br />Grant funds to local public funding by the completion of READI. Public funding may, as <br />appropriate, include private non-profit economic development organizations and <br />foundations. Grantee must provide evidence of compliance with this paragraph 3.B upon