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2 . Town Obligation. Town shall be responsible for receiving the grant from Orange County, <br /> and together with matched Town resources , remit them to Launch, Inc . for operation and rent to <br /> support a Small Business Accelerator to assist in the growth of businesses in Orange County . <br /> 3 . Term . The term of this Agreement shall commence the 1 st day of January 2022 and shall <br /> continue for a period of thirty- six (36) months , expiring on 12/31 /24 . Any such renewal , or any <br /> other modification, shall be accomplished through a mutually agreed upon written amendment to <br /> this Agreement and may be approved and executed by the managers of the County and Town . <br /> 4 . Reporting. Town shall on or before July 1 annually during the term of this Agreement <br /> provide a report to the Orange County Manager detailing the expenditure of the grant funds <br /> described in Section 1 above . Upon request by County, Town shall provide County with any <br /> audit or underlying documents necessary to verify the contents of the annual report . In the event <br /> such report or documents are not provided County may suspend grant installments until such <br /> time as the report or documents are provided . <br /> 5 . Force Majeure/Emergency Non-Appropriation . In the event Town or County should be <br /> delayed in, or prevented from, performing or carrying out any of the agreements , covenants , or <br /> obligations made by, and imposed upon, said Party by this Agreement, by reason of or through <br /> any cause reasonably beyond its control and not attributable to its neglect, including but not <br /> limited to condemnation, order of any court granted in any bona fide adverse legal proceeding or <br /> action, explosion, fire or other act of God or public enemies , and/or emergency non- <br /> appropriation, then, in each such case or cases , the affected Party shall be relieved of <br /> performance under this Agreement . <br /> 6 . Termination . The County and Town may terminate this Agreement upon mutual written <br /> agreement approved by the County ' s and Town ' s managers . Either County or Town may <br /> terminate this Agreement upon a material breach by the other . Material breach includes but is <br /> not limited to the failure by Town to expend grant funds as required by this Agreement . <br /> Effective the date of termination any termination of this Agreement relieves County of any <br /> further responsibilities or obligations established by this Agreement . <br />