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

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PROJECT LD.: 401499 5. PAYMENT OF GRANT FUNDS BY THE STATE: The payment of this grant by the State to the Grantee shall be made in accordance with the following schedule and conditions: (A.) This Agreement must be fully executed (B.) All the evidentiary materials required by Exhibit C attached hereto and incorporated must be submitted to and approved by the State. (C.) Any other grant conditions as specified in Exhibit C must be met to the State's satisfaction. (D.) All payments will be made in arrears only upon presentation of approved and signed State of Indiana Claim Vouchers. Payments made by the Sponsor (as defined in Exhibit A) shall be deemed to be payment by the Grantee for purposes of processing the Grantee's claims. Such claim vouchers must be submitted with a Budget Expenditure Report detailing disbursements of grant, local and/or other funds by Project budget line items in accordance with the Budget. (E.) The Grantor may require the Grantee to produce satisfactory evidence, in the sole opinion of the Grantor, that substantial progress has been made towards completion of the Project, that in light of the progress the Project is likely to be completed as scheduled. and that the conditions set forth or referenced in this Paragraph 5 have been met, prior to making a payment under this Agreement. All payments are subject to the Grantor's determination that the Grantee's pertormance to date conforms to the Project as approved and described at Exhibit A, notwithstanding any other provision of this Agreement to the contrary. In the event that the Grantee fails to show that the progress or completion of the Project conforms to the description and schedule set forth in this Agreement, the State may impose sanctions against the Grantee in accordance with Paragraph 5(J) or may terminate the Agreement under Paragraph 20. (F.) As stated in Paragraph 4 of this Agreement, all Quarterly Progress Reports must be submitted in the time frame allotted. In the event the Quarterly Progress Reports are not submitted in the time frame allotted, the Grantor may withhoid authorization for any payment request until such time as the deficiency is corrected. (G.) No travel expenses should be eligible for reimbursement under this Agreement. (H.) The Grantor shall retain an amount of up to the Final Distribution Amount until the Grantor receives the following documents: (1.) A report prepared by a duly authorized representative of the Grantor summarizing the Monitoring Report, detailing how funds have been spent on the Project in accordance with the Budget and evaluating the Grantee's timely progress. This Monitoring Review is subject to Paragraphs 4 and 5 of this Agreement. (2.) A final payment request submitted on an approved and signed State of Indiana Claim Voucher, and a Budget Expenditure Report. (I.) Notwithstanding any other provision of this Agreement, the Grantee expressly agrees that the monies provided herein by the State are limited to the Maximum Grant Amount for eligible Project expenditures as described in Exhibit B of this Agreement. The Grantor may deobligate any grant funds which have not been expended and drawn down as of the Expiration Date. PAGE 3 of ] 2