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DocuSign Envelope ID: B31E3F3E-F766-4ED9-9983-F5B7E378F2E6 <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 and governed in accordance with the <br /> laws of the State of North Carolina and Orange County. Grant Recipient shall at all times <br /> remain in compliance with all applicable local, state, and federal laws,rules, and regulations <br /> including but not limited to all state and federal anti-discrimination laws,policies,rules and <br /> regulations and the Orange County Anti-Discrimination Policy. Any violation of the <br /> requirement is a breach of this Agreement and County may immediately terminate this <br /> Agreement without further obligation on the part of the County. This paragraph is not <br /> intended to limit the definition of breach to discrimination. By executing this agreement <br /> Grant Recipient affirms that Grant Recipient and any subcontractors of Grant Recipient are <br /> and shall remain in compliance with Article 2 of Chapter 64 of the North Carolina General <br /> Statutes. Where applicable, failure to maintain compliance with the requirements of Article 2 <br /> of Chapter 64 of the General Statues constitutes a breach of this Agreement. By executing <br /> this Agreement, Grant Recipient certifies that Grant Recipient has not been identified, and <br /> has not utilized the services of any agent or subcontractor, on the Iran divestment list created <br /> by the State Treasurer pursuant to G.S. 147-86.58. <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 /> OCEDbiga June 2016 <br />