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2. Payment of Grant Funds The Foundation will pay the grant funds in installments based on availability of funds and satisfactory reports every six (6) months as set forth below. Your reporting and payment schedule: Payment Reporting Timeframe Report Due Payment Amount Payment Date Requirement Date Initial N/A N/A $70,000 1/22/2021 Receipt of signed grant agreement Payment Second 1/15/2021- 7/28/2021 $31,000 8/11/2021 Receipt of satisfactory interim Payment 7/14/2021 report for the previous 6 months Third 1/15/2021- 1/28/2022 $31,000 2/11/2022 Receipt of satisfactory annual Payment 1/14/2022 report for the previous 12 months Fourth 1/15/2022- 7/28/2022 $31,000 8/11/2022 Receipt of satisfactory interim Payment 7/14/2022 report for the previous 6 months Fifth 1/15/2022- 1/28/2023 $31,000 2/11/2023 Receipt of satisfactory annual Payment 1/14/2023 report for the previous 12 months Final 1/15/2023- 7/28/2023 $4,905 8/11/2023 Receipt of satisfactory interim Payment 7/14/2023 report for the previous 6 months Final 1/15/2021- 2/14/2024 N/A N/A Receipt of satisfactory FINAL report Report 1/14/2024 for the life of the grant (within 30 days of the grant ending date) TOTAL $198,905 3. Quality of Work The Foundation will review both the quality of the work done and your progress toward achieving the goal(s) of the grant. Representatives of the Foundation have the right to monitor your progress through on-site visits. In addition, the Foundation will be monitoring the continued commitment of personnel involved in the work of the grant, and will, throughout the term of the grant, consider whether continuation of the work associated with the grant is in the interest of the general public. If the Foundation: (i) is not satisfied with the quality of your work or the progress toward achieving the goals of the grant, (ii) is of the opinion that you are incapable of satisfactorily completing the work of the grant, or (iii) determines that continuation of the grant is not reasonably in the interest of the general public, the Foundation may, in its discretion, (i) withhold payment of grant funds until, in its opinion, the situation has been corrected, or (ii) declare the grant terminated. The Foundation's determination as to: (i) the quality of work being performed, (ii) the progress being made toward the goals of the grant, (iii) your ability to complete the work of the grant satisfactorily, and (iv) whether continuation of the work of the grant is in the interest of the general public, will be final, binding and conclusive upon you insofar as further grants payments are concerned. 4. Certification and Maintenance of Exempt Organization Status You certify that you have been determined by the Internal Revenue Service to be a tax-exempt organization under Section 501(c)(3) of the Code, and "not a private foundation," within the meaning of Code Section 509(a), or in the absence of such a determination, that you are a state or any political subdivision thereof within the meaning of Code Section 170(c)(1), or a state college or university within the meaning of Code Section 511(a)(2)(B) (referred to hereafter as a "Public Charity"). You will immediately inform the Foundation of any change in or challenge to your status as a Public Charity. Further, you hereby affirm that this grant will not cause you to fail to qualify as a Public Charity. You will comply with the provisions of the Code and the regulations hereunder applicable to you as a Public Charity and will not violate any other statute or regulation applicable to you where such violation materially affects your ability to carry out the goals of the grant. 44