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20 <br /> • A first-year budget and progress report MUST be filed 30 days prior to the end of <br /> year one. If a budget and progress report is not submitted with a due diligence <br /> extension request citing approved hardship, the grantee will be considered in <br /> breach of contract. <br /> • Failure by the Grantee to initiate deliverables on the conservation easement <br /> project, Grantee staff shortages or changes, and Grantee time management issues <br /> are not acceptable hardships and will result in a breach of the contract, and the <br /> Grantee must repay any grant funding received from the NCDA&CS ADFPTF. <br /> 5 <br />