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Inc. Agreement <br /> <br />OCEDbiga June 2016 <br /> <br />(919) 968-6894 <br />https://chapelhill.score.org/ <br />Chapelhillinfo@scorevolunteer.org <br /> <br />¾ SBTDC (Small Business & Technology Development Center) <br />UNC Chapel Hill, 1700 Martin Luther King Jr Blvd <br />Suite 115 / CB# 1823, Chapel Hill, NC 27514 <br />(919) 962-0389 http://www.sbtdc.org/offices/unc/#sthash.UJQjZW0L.dpuf <br /> <br />¾ Launch Chapel Hill (by application) <br />321 W Rosemary St, Chapel Hill, NC 27516 <br />(919) 240-7765 <br />http://www.launchchapelhill.com/ <br />info@launchchapelhill.com <br /> <br />¾ 1789 Venture Lab (by application) <br />173 ½ East Franklin Street, Chapel Hill, NC 27514 <br />http://1789venturelab.com/ <br />1789management@gmail.com <br /> <br />¾ A mentor approved by the Subcommittee <br /> <br /> <br />ELIGIBLE USES OF GRANT PROCEEDS <br />x Startup funding. <br />x Working capital or operational funds to be used for a specific purpose. <br />x Purchase of equipment, or machinery. <br />x Expansion of business services or products. <br />x Work force expansion. <br />x Tenant up-fit or leasehold improvements. <br /> <br /> <br />GRANT PROCEEDS SHALL NOT BE USED FOR THE FOLLOWING <br />x Paying off or down existing bank debt or investor loans <br />x Purchase of equipment or improvement of real estate, which are used or to be used for <br />personal use <br />x Political activities <br />x Owner salary <br />x Speculative ventures (Examples: drilling for gas or oil, commodity futures). <br />x Lending or investment <br />x Real property held for sale or investment <br />x Pyramid sales - distribution plan businesses <br />x Foreign controlled businesses <br />x Private membership clubs <br /> <br /> <br />COMPLIANCE WITH APPLICABLE REGULATIONS <br />In all cases, grants made from this program must be consistent and in accordance with the following: <br /> <br />x All state and local regulations governing the applicant's business. <br />x Terms and conditions established by the Subcommittee for each particular applicant. <br />x Policies established by the Board of County Commissioners dealing with the Grant Program. <br />DocuSign Envelope ID: 1DB101DA-6050-4879-ACDC-463F5476C4BA