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OCEDbiga June 2016 <br /> <br />ORANGE COUNTY ECONOMIC DEVELOPMENT <br />BUSINESS INVESTMENT GRANT AGREEMENT <br />THIS AGREEMENT, entered into this 13thday of November, 2018, by and between Orange County <br />(“County”), by and through Orange County Economic Development (“Economic Development”) and <br />Santosha Space,LLC“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 />1.Approved Grant.Grant funds are provided for the project(“Project”) described in the Grant <br />Recipient’s Grant Application(“Application”),dated September 24, 2018and 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 onethousand five hundred dollars ($1,500.00) have <br />been awarded bythe 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 Projectshall 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 theirofficers 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 />DocuSign Envelope ID: A5395492-4C70-402E-A7F1-2688316D702F