6.F.(2) Tech Dev Grant Fund Grant Agreement

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PROSECT LD.: 401499 (B.) The Quarterly Progress Report must be submitted far the duration of this Agreement and until the Project goals have been met and all required documentation has been submitted to the Grantor. The Grantee has until the Goal Date to meet the Project goals set forth in this Agreement. (C.) Should the Grantee fail to meet the Project goals by said Goal Date, the Grantee shall provide the Grantor within thirty (30) days of the Goal Date a written justification detailing why said goal(s) were not met by the Goal Date. (D.) In the event that such Quarterly Progress Reports are not submitted within the time frame allotted or Grantee fails to produce the evidence required by the Grantor under this Paragraph 4, the Grantee shall be deemed to be in material breach of this Agreement and the Grantor may, among its other remedies under this Agreement, withhold authorization for any payment request of the grant funds until such time as the deficiency is corrected. (E.) The State will periodically carry out a Monitoring Review (as defined below), including an evaluation of activities, as deemed appropriate. The Grantee will effectively ensure the cooperation of the Grantee's employees and any subgrantee in such monitoring and evaluation efforts. The Grantee will take all actions necessary to correct or cure any findings identified by the State during its monitoring and evaluation, including causing any subgrantee to correct or cure any findings identified by the State during its Monitoring Review and evaluation activities. The Grantee acknowledges that the State may not access or disburse grant funds until the State completes the Monitoring Review and evaluation of activities it deems appropriate. (F.) After completion of the Project and before the final payment of up to Four Hundred Thousand Dollars ($400,000.00) or Twenty Percent (20%) of the grant (the "Final Distribution Amount") can be paid to the Grantee, the State may elect to conduct an on-site monitoring review of the Project ("Monitoring Review"). The Monitoring Review would document the following: (1.) Whether state, local and/or private funds allocated for the Project were expended for activities consistent with the Grantee's grant application and Exhibits A and B of this Agreement. (2.) A complete, detailed analysis of actual state, local andlor private funds expended to date on the Project and conformity with the amounts for each line item of the Budget (as defined in Paragraph 7). (3.) A detailed listing of all Project costs by Budget line item which are accrued yet unpaid, if any; (4.) A written evaluation as to the Grantee's timely progress in Project management, financial management and control systems, procurement systems and methods, and performance relative to timely submission of Quarterly Project Reports; and (5.) A written evaluation as to the Grantee's compliance with procurement policy and procedures. The parties acknowledge that the Monitoring Review is only for the benefit of the State and that the State may elect, in whole or in part, to allow a payment to be made before the Monitoring Review has been completed. (G.) If Grant funds are disbursed and the Grant is terminated by either party prior to the Expiration Date set forth in Paragraph 2 of this Agreement, the State may elect to conduct an on-site Monitoring Review of the Project as described in Paragraphs 4 and 5 of this Agreement. PAGE 2 of 12