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7. Restriction of Purpose and Repayment. The Contract Amount shall be used solely for the purposes specified in this Agreement and shall be so designated on the School Corporation's records. The School Corporation agrees to repay to the Commission any part of the Contract Amount that is not used for the purposes specified in this Agreement. 8. Accounting and Financial Records. The restrictions on the use of the Contract Amount as described herein shall be designated on the School Corporation's accounting and financial records. Under no circumstances may the Contract Amount be expended, borrowed (interfund), pledged, or transferred for reasons unassociated with the purpose of the Contract Amount described herein. 9. Compliance with Guidance from State Board of Accounts (the "SBOA"). The Commission and the School Corporation both acknowledge that they are subject to audit by the SBOA and agree that each will abide by final determinations of the SBOA regarding use of the Contract Amount as set forth herein, including without limitation, repayment of the Contract Amount by the School Corporation,within the period of time required by the SBOA, in the event the SBOA makes a final determination that repayment is required. 10. Verification of Financial Matters. Vouchers consisting of bills, invoices, cancelled checks, receipts, etc., which document a disbursement of the Contract Amount by the School Corporation, as well as all other books and records related to the Contract Amount, shall be retained by the School Corporation for at least two (2) years after final disbursement of the Contract Amount and may be examined by the Commission's representatives on reasonable notice during regular business hours. Copies of such documents shall also be furnished to the Commission at its request. 11. Additional Support. By entering into this Agreement,the Commission assumes no obligation to provide other future amounts to the School Corporation for PLTW programming. 12. Authority. The Commission and the School Corporation each represents and warrants that it has taken or will take such action(s) as may be required and necessary to enable each of such Parties to.execute this Agreement and to carry out fully and perform the terms, covenants,duties and obligations on its part to be kept and performed hereunder. 13. General Provisions. (a) No Joint Venture or Partnership. Nothing contained in this Agreement shall be construed as creating either a joint venture or partnership relationship between the Commission or the School Board. (b) Time of Essence. Time is of the essence of this Agreement. The Parties shall make every reasonable effort to expedite the subject matters hereof(subject to any time limitations described herein) and acknowledge that the successful performance of this Agreement requires their continued cooperation. (c) Breach. Before any failure of any party to this Agreement to perform its obligations under this Agreement shall be deemed to be a breach of this Agreement,the party claiming such failure shall notify, in writing as provided herein,the - 4- US.54807965.03