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DocuSign Envelope ID:88934228-5069-46A2-92EA-CDDDOOE53086 <br /> A. In the event of any of the circumstances set forth below (hereinafter referred to as "default"), <br /> the Subcommittee may immediately terminate this Agreement: <br /> i. Any fraudulent representation on a material matter related to securing and utilizing <br /> grant funds under this Agreement. <br /> ii. Failure to satisfactorily comply with any provision of this Agreement, any term of the <br /> Grant Application, and/or any Grant Program Guideline, as determined by the <br /> Subcommittee in its sole discretion. <br /> iii. Failure to adhere to the terms of applicable county, state, or federal laws,regulations, <br /> or stated public policy. <br /> B. In the event of default by the Grant Recipient, the Subcommittee has the discretion to elect to <br /> terminate this Agreement,in whole or in part and/or require the Grant Recipient to repay the <br /> grant funds within thirty(30) days from written notice or allow the Grant Recipient the <br /> opportunity to cure the default. This clause shall not be interpreted to limit the County's or <br /> Economic Development's remedies in law or equity. <br /> 6. Miscellaneous. <br /> A. Governing Law. This Agreement shall be interpreted in accordance with the laws of the State <br /> of North Carolina and Orange County. <br /> B. Status.Nothing contained in this Agreement shall be construed to create the relationship of <br /> principal and agent, or employer and employee,between Grant Recipient and Economic <br /> Development or Orange County Government. Grant Recipient understands and agrees that <br /> he/she is not authorized to incur any expenses or any liability whatsoever on behalf of the <br /> County or Economic Development and has no authority, expressed or implied, to obligate or <br /> make representations on behalf of the County or Economic Development. <br /> C. Entire Agreement and Signatures. The parties have read this Agreement and agree to be <br /> bound by all of its terms, and further agree that it constitutes the complete and exclusive <br /> Agreement between the parties unless and until modified in writing and signed by the parties. <br /> This Agreement together with any amendments or modifications may be executed <br /> electronically. All electronic signatures affixed hereto evidence the intent of the Parties to <br /> comply with Article 11A and Article 40 of North Carolina General Statute Chapter 66. <br /> IN WITNESS WHEREOF, the Orange County and the Grant Recipient have signed this Grant <br /> Agreement, effective on the last date this Agreement is signed by both parties as indicated by the dates set <br /> forth under signatures below. <br /> u� gm tbehao'of the Grant Recipient <br /> l�^ a Qpbub �U,AAN 10/28/2015 <br /> 029E272B066C4DD... <br /> Date <br /> F 4ehalf of Orange County Government <br /> jbV�,l�t tf �AaMw�t V S 10/29/2015 <br /> OE'�79Q4B755E477 <br /> Date <br /> OCEDbiga July 2015 <br />