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DocuSign Envelope ID: 8DB4185F- 21DD -489D- 8363- 567A9CDF766B <br />ORANGE COUNTY ECONOMIC DEVELOPMENT <br />BUSINESS INVESTMENT GRANT AGREEMENT <br />THIS AGREEMENT, entered into this 16th day of May, 2018, by and between Orange County <br />( "County "), by and through Orange County Economic Development ( "Economic Development ") and <br />MoyoMedical Technologies "Grant Recipient "). <br />WHEREAS, Economic Development is a County department that aids existing business <br />investment and early -stage venture growth, assists local agriculture and local food systems, and supports <br />entrepreneurial development; and, <br />WHEREAS, Grant Recipient has a project to expand their existing Orange County business; and, <br />WHEREAS, the Grant Recipient was selected to receive the Orange County Business Investment <br />Grant through the procedures duly adopted by Economic Development; and, <br />NOW THEREFORE, the County and the Grant Recipient, for the consideration and under the <br />conditions hereinafter set forth, agree as follows: <br />Approved Grant. Grant funds are provided for the project ( "Project ") described in the Grant <br />Recipient's Grant Application ( "Application "), dated March 31, 2018 and incorporated by <br />reference, subject to this Agreement, the Business Investment Grant Program Guidelines <br />( "Guidelines "), attached as Exhibit A and any additional terms imposed on the Grant Recipient <br />( "Additional Terms ") attached as Exhibit B, in that order of priority. <br />2. Grant Award. Grant funds in an amount of one thousand five hundred dollars ($1,500.00) have <br />been awarded by the Grant Subcommittee described in Exhibit A ( "Subcommittee ") and shall be <br />released to the Grant Recipient for the approved Project. The grant cannot be assigned or <br />transferred without prior written approval. <br />3. Responsibilities of the Grant Recipient <br />A. Implementation. The Project shall be implemented in the manner described in Exhibit A. <br />Time is of the essence in the implementation of the Project. <br />B. Use of Funds. Grant recipient shall not use the grant funds for any of the prohibited purposes <br />described in the Guidelines. The grant shall be utilized solely for its intended use, as detailed <br />in the Application, and subject to the Additional Terms. <br />4. Indemnity. The Grant Recipient agrees to indemnify and hold harmless the County and <br />Economic Development and their officers and employees from any and all claims of actual <br />injury, damage or loss to a person, or real or personal property that results from or is in any way <br />connected to the use of the grant funds. <br />5. Termination. <br />OCEDbiga June 2016 <br />