6G(4) SubGrant Agreement Technology Park

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SUBGRANT AGREEMENT BY AND BETWEEN THE CITY OF SOUTH BEND, INDIANA AND THE UNIVERSITY OF NOTRE DAME DU LAC (Certified Technology Park Project) THIS AGREEMENT, entered into by and between the SOUTH BEND REDEVELOPMENT COMMISSION, for and on behalf of the City of South Bend, Indiana, Department of Redevelopment (hereinafter referred to as the "Grantor") and the UNIVERSITY OF NOTRE DAME DU LAC (hereinafter referred to as the "Grantee") is executed pursuant to the terms and conditions set forth herein, and shall be dated as of the date of final execution by all parties hereto. In consideration of those mutual undertakings and covenants, the parties agree as follows: 1. PURPOSE OF AGREEMENT: The purpose of this Agreement is to enable the Grantor to make a subgrant to the above- named Grantee from the funds received from the State of Indiana's Technology Development Grant Fund ("TDGF") under the Technology Development Grant Fund Grant Agreement between the Indiana Economic Development Corporation (the "State") and the Grantor bearing Identification No. TDGF-08-100006 ("State Grant Agreement") and in the amount of the lesser of Two Million and 00/100 Dollars ($2,000,000.00) or One Hundred Percent (100%) of eligible costs of the Project as described in the State Grant Agreement ("Grant Funds"), which State Grant Agreement is attached hereto and incorporated herein as Exhibit "A-1". The Project Description and the Project Goals are set forth in Exhibit "A " of the State Grant Agreement, which exhibit is incorporated herein by reference. The grant provided for herein shall be used exclusively in accordance with the provisions contained in this Agreement and in Indiana Code § 5-28- 10 establishing the Technology Development Grant Fund and any rules adopted thereunder, as well as in that certain Certified Technology Park Agreement among the State, the City of South Bend Common Council and the South Bend Redevelopment Commission ("Technology Park Agreement"), and for no other purpose. The Technology Park Agreement is attached hereto and incorporated herein as L;xhibit ``A-2". 2. TERM OF GRANT AGREEMENT: The term of this Agreement shall be from August 14, 2009 until December 31, 2010 ("Term"), unless sooner terminated as described in the State Grant Agreement. All work and/or services under this Agreement must be completed by August 31, 2010 (the "Goal Date").