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DocuSign Envelope ID: 13269FCF-A66D-4428-ABB1-5083B428DC8A <br /> ORANGE COUNTY ECONOMIC DEVELOPMENT <br /> BUSINESS INVESTMENT GRANT AGREEMENT <br /> THIS AGREEMENT, entered into this 27th day of September,2019,by and between Orange County <br /> ("County"),by and through Orange County Economic Development("Economic Development") and <br /> Carolina Yoga Company, Inc. "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 June 25,2019 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 five thousand five hundred dollars ($5,500.00)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 />