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AA <br /> Docusign Envelope ID: 1009E573-1ACF-4913-8247-790D900060D6 <br /> V 10 r1%L.�L_I— <br /> O,FJ",JR,J�r"I 11 FORESTRY <br /> INITIATIVE SUBRECIPIENT AGREEMENT <br /> funds may not be used to support activities conducted prior to the Effective Date of this Agreement and any <br /> costs incurred by Subrecipient prior to the Effective Date are disallowed. This Agreement is effective through <br /> July 1,2028(the"Expiration Date"),or until terminated, whichever occurs first. <br /> B. This Agreement may be terminated by SFI Inc. as follows: <br /> 1. upon five(5)days advance written notice in the event of:(i)failure to comply with applicable <br /> law, including any provision in Exhibit B to this Agreement by Subrecipient; (ii) fraud by the <br /> Subrecipient; (iii) insolvency, bankruptcy, reorganization or receivership of the Subrecipient; (iv) <br /> breach of fiduciary duties by the Subrecipient; (v) suspension or debarment by the Government of <br /> the Subrecipient; (vi) Subrecipient has an organizational conflict of interest, or any other conflict of <br /> interest that the Agency or SFI believes,in their sole discretion,cannot be mitigated;(vii)negligence, <br /> neglect or misconduct by the Subrecipient; or <br /> 2. after written notice and ten(10)calendar days(unless a longer time is specified in the written <br /> notice by SFI Inc.) Subrecipient is unable to cure a perceived non-compliance with any material term <br /> (other than those enumerated in III.B.1)of this Agreement,including but not limited to(i)SFI.Inc.'s <br /> dissatisfaction with the quality of the Services;and(ii)Subrecipient's failure to complete the Services <br /> in a timely manner. <br /> C. Subrecipient shall have the right to terminate its obligations pursuant to this Agreement if SFI Inc. <br /> shall fail to make any payment properly owing to Subrecipient hereunder and such failure has not been <br /> remedied or cured within thirty (30) days of SFI Inc.'s receipt of written notice thereof. SFI Inc. may <br /> terminate this Agreement with or without cause upon thirty(30)days prior written notice to the Subrecipient. <br /> Upon any such tennination described in this subsection, SFI Inc. shall pay for any portion of the <br /> Subrecipient's grant costs incurred but not yet paid at the time of termination; provided, however, that <br /> Subrecipient shall have no right to any amounts attributable to defective Services or Services not otherwise <br /> performed in accordance with the requirements of this Agreement.Such compensation shall be Subrecipient's <br /> sole and exclusive remedy for termination pursuant to this subsection. <br /> D. Upon termination of this Agreement by either Party, Subrecipient shall immediately, within thirty <br /> (30)days,deliver all work performed pursuant to this Agreement to SFI.Inc. (including documents provided <br /> to Subrecipient by SFI. Inc. and any work in progress, such as notes, drafts and sketches) and shall, upon <br /> SFI. Inc.'s written request, document on a time and materials basis in detail the status of the set-vices that <br /> have been terminated and the delivered work. If requested by SFI. Inc., Subrecipient shall, after termination, <br /> cooperate on a time and materials basis with SFI. Inc. in its or another's efforts on SFI. Inc.'s behalf to <br /> complete any services or deliverables set forth in writing and to provide for an orderly transition. <br /> E. Any terms of this Agreement that, by their nature, extend beyond its termination, shall remain in <br /> effect until fulfilled,and apply to respective successors and assigns. <br /> IV. COMPENSATION/TERMS OF PAYMENT <br /> A. This Subaward is in the amount of$299,722.00 <br /> Pre-award costs more than 90 days prior to award are not allowed. All costs incurred prior to the award are at the <br /> Subrecipient's risk. <br /> 4 <br />