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3 . Approval for funding shall be until August 25, 2004 (Expiration Date) . In the event that the Project Plan described in the Expiration Date, conceptual approval this Agreement shall be terminated, has not approved Section V . below . The FCT may extend this Agreement beyond the Expiration Date if the Recipient demonstrates that significant progress is being made toward Project Plan approval or that extenuating circumstances warrant an extension of time . A request for an extension must be made in writing to FCT, fully explaining the reason for the delay and why the extension is necessary. If the Recipient does not request an extension, or if an extension is not granted to the Recipient by the FCT, the Florida Forever award granted to the Recipient shall terminate and all obligations hereunder shall cease. 4 . This Agreement may be terminated before its Expiration Date 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 FCT at the address given in paragraph 1 above. 5 . This Agreement may be terminated before its Expiration Date by the FCT if it is determined by the FCT that no significant progress is being made toward the acquisition of the Project Site, non-performance by the Recipient of the requirements listed or that other circumstances are present that would, in all likelihood, preclude or prevent the successful acquisition of the Project Site within the established time frame . Prior to termination, notice of the proposed termination shall be mailed to the Recipient at the address given in paragraph 13 below. 6 . Recipient: agrees to submit the documentation to FCT that is required in this Agreement as soon as possible so that the Project Site may be acquired in an expeditious manner. Deadlines stated in this .Agreement, as well as deadlines associated with any FCT activity relating to the project, are strictly enforced . Failure to adhere to deadlines may result in delays in the project, may result in allocation of time or resources to other recipients that responded timely, and may result in this A;;reement being terminated by FCT. It is the responsibility of the Recipient and its representatives to know all project deadlines , to devise a method of monitoring the project, and to adhere to all deadlines . If the Recipient is identified in paragraph 111. 1 . below as the party responsible for all negotiation and acquisition activities, the Recipient .shall provide a monthly status report to FCT of acquisition activities on the Project Site. The monthly report shall contain dates that appraisals are ordered and due, as well as dates that purchase agreements are sent to sellers and the status of each contract, as appropriate . 7 . The FCT Florida Forever award granted to the Recipient will in no event exceed the lesser of Seventy Five Percent (75 %) of the final total eligible project costs , as defined in Rule 9K- 7 . 002( 29), F . A . C . , or Nine Hundred Twenty Six Thousand Two Hundred Fifty Dollars And No Cents ($ 926 ,250 . 00) , unless the FCT approves a different amount, after determination of the Maximum Approved Purchase Price as provided in Rule 9K- 8 . 007 , F. A. C . , and which shall be reflected in an addendum to this Agreement . The amount of the grant shall not exceed the 02-058-FF2 July 17, 2003 Partial4re-acquired/Joint Acquisition -3 -