2024-706-E-Economic Dev-Urja Bar-Business Investment Grant

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Inc. Agreement Revised 11/24 ORANGE COUNTY ECONOMIC DEVELOPMENT BUSINESS INVESTMENT GRANT AGREEMENT THIS AGREEMENT, entered into this 8th day of November, 2024, by and between Orange County (“County”), by and through Orange County Economic Development (“Economic Development”) and The Urja Bar Inc “Grant Recipient”). WHEREAS, Economic Development is a County department that aids existing business investment and early-stage venture growth, assists local agriculture and local food systems, and supports entrepreneurial development; and, WHEREAS, Grant Recipient has a project to expand their existing Orange County business; and, WHEREAS, the Grant Recipient was selected to receive the Orange County Business Investment Grant through the procedures duly adopted by Economic Development; and, NOW THEREFORE, the County and the Grant Recipient, for the consideration and under the conditions hereinafter set forth, agree as follows: 1. Approved Grant. Grant funds are provided for the project (“Project”) described in the Grant Recipient’s Grant Application (“Application”), dated September 14, 2024 and incorporated by reference, subject to this Agreement, the Business Investment Grant Program Guidelines (“Guidelines”), as the Guidelines may be amended from time to time, attached as Exhibit A and any additional terms imposed on the Grant Recipient (“Additional Terms”) attached as Exhibit B, in that order of priority. 2. Grant Award. Grant funds in an amount of one thousand five hundred dollars ($1,500.00) have been awarded by the Grant Subcommittee described in Exhibit A (“Subcommittee”) and shall be released to the Grant Recipient for the approved Project. The grant cannot be assigned or transferred without prior written approval. 3. Responsibilities of the Grant Recipient A. Implementation. The Project shall be implemented in the manner described in Exhibit A. Time is of the essence in the implementation of the Project. B. Use of Funds. Grant recipient shall not use the grant funds for any of the prohibited purposes described in the Guidelines. The grant shall be utilized solely for its intended use, as detailed in the Application, and subject to the Additional Terms. 4. Indemnity. The Grant Recipient agrees to indemnify and hold harmless the County and Economic Development and their officers and employees from any and all claims of actual injury, damage or loss to a person, or real or personal property that results from or is in a ny way connected to the use of the grant funds. Docusign Envelope ID: 1F489195-C503-4044-BBF1-89172A61BF8E