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MD • execute each as an original document. Upon receipt of the signed Agreements by FCT, FCT will execute the Agreements, retain one original copy and return all other copies that have been executed to the Recipient. 2. The name Conceptual Approval Agreement is used to indicate that the project has been approved as a concept that was described in FCT application number 99-056-P9A. The Conceptual Approval Agreement is in every respect a grant contract between the parties. The Agreement describes activities that will be conducted both prior and subsequent to acquisition of the project site, described in the application that was submitted and selected for funding by the FCT. 3. Conceptual Approval for funding shall be until August 30, 2000. The FCT expects that, because the project site was preacquired by the Recipient and substantial work has already been done, the project will be fully completed by August 30, 2000. In the event the project has not been completed in full by August 30. 2000, the Conceptual Approval Agreement must be extended in order that the grant will remain in effect. In advance of the August 30, 2000, date and in sufficient time before a meeting of the FCT Governing Body that would allow approval of an extension to this Agreement before its expiration, the Recipient must request a written extension to the Conceptual Approval Agreement for project continuation in compliance with Rule 9K-4.010(2)0), F.A.C. If the Recipient does not request an extension, or if an extension is not granted to the Recipient by the FCT Governing Body, the Preservation 2000 award granted to the Recipient by the FCT Governing Body shall terminate and all obligations hereunder shall cease. Based upon the Florida Legislature's ongoing oversight of the rate of expenditure of funds, and the impact on future funding if expenditures do not timely occur, the FCT requires that the project be completed as soon as possible after project selection. 4. Extensions to this Agreement, described in Paragraph 3 above, shall not exceed 24 months from the date the Agreement was approved by the FCT, except as described in this paragraph. In compliance with Section 380.510(f), F.S., if the project is not concluded by November 30, 2001, the project shall only be extended if the FCT Governing Body determines that a request for additional time to complete the project is warranted based upon Recipient's demonstration that significant progress is being made toward closing the project or that extenuating circumstances warrant an extension of time. 5. This Agreement may be terminated before its expiration at the written request of the Recipient. Such a request shall fully describe the circumstances that compel the Recipient to terminate the project. A request for termination should be mailed to the offices of the FCT at the address given in paragraph I above. The request for termination will be placed on the agenda of the next regularly scheduled meeting of the FCT Governing Body for concurrence by the FCT. The termination shall be acknowledged by the FCT in a letter to the Recipient. Fu nded/P reacqu i red/99-056-P9A 11/30/1999 FINAL 3