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Revised 1/23 <br /> <br />5. Termination. <br />A. In the event of any of the circumstances set forth below (hereinafter referred to as “default”), <br />the Subcommittee may immediately terminate this Agreement: <br /> <br />i. Any fraudulent representation on a material matter related to securing and utilizing <br />grant funds under this Agreement. <br />ii. Failure to satisfactorily comply with any provision of this Agreement, any term of the <br />Grant Application, and/or any Grant Program Guideline, as determined by the <br />Subcommittee in its sole discretion. <br />iii. Failure to adhere to the terms of applicable county, state, or federal laws, regulations, <br />or stated public policy. <br /> <br />B. In the event of default by the Grant Recipient, the Subcommittee has the discretion to elect to <br />terminate this Agreement, in whole or in part and/or require the Grant Recipient to repay the <br />grant funds within thirty (30) days from written notice or allow the Grant Recipient the <br />opportunity to cure the default. This clause shall not be interpreted to limit the County’s or <br />Economic Development’s remedies in law or equity. <br /> <br />6. Miscellaneous. <br />A. Governing Law. This Agreement shall be interpreted and governed in accordance with the <br />laws of the State of North Carolina and Orange County. Grant Recipient shall at all times <br />remain in compliance with all applicable local, state, and federal laws, rules, and regulations <br />including but not limited to all state and federal anti-discrimination laws, policies, rules and <br />regulations and the Orange County Anti-Discrimination Policy. Any violation of the <br />requirement is a breach of this Agreement and County may immediately terminate this <br />Agreement without further obligation on the part of the County. This paragraph is not <br />intended to limit the definition of breach to discrimination. By executing this agreement <br />Grant Recipient affirms that Grant Recipient and any subcontractors of Grant Recipient are <br />and shall remain in compliance with Article 2 of Chapter 64 of the North Carolina General <br />Statutes. Where applicable, failure to maintain compliance with the requirements of Article 2 <br />of Chapter 64 of the General Statues constitutes a breach of this Agreement. By executing <br />this Agreement, Grant Recipient certifies that Grant Recipient has not been identified, and <br />has not utilized the services of any agent or subcontractor, on the Iran divestment list created <br />by the State Treasurer pursuant to G.S. 147-86.58. <br /> <br />B. Status. Nothing contained in this Agreement shall be construed to create the relationship of <br />principal and agent, or employer and employee, between Grant Recipient and Economic <br />Development or Orange County Government. Grant Recipient understands and agrees that <br />he/she is not authorized to incur any expenses or any liability whatsoever on behalf of the <br />County or Economic Development and has no authority, expressed or implied, to obligate or <br />make representations on behalf of the County or Economic Development. <br /> <br />C. Entire Agreement and Signatures. The parties have read this Agreement and agree to be <br />bound by all of its terms, and further agree that it constitutes the complete and exclusive <br />Agreement between the parties unless and until modified in writing and signed by the parties. <br />DocuSign Envelope ID: 3F6F3746-8C99-40E0-A330-69D5CE343775