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II. Grant of Monies. <br />The Sub - Grantor agrees to make available to Sub - Grantee a grant of up to $20,769.91 to <br />reimburse Sub - Grantee for the acquisition of the interoperable radio communications equipment <br />identified on the attached Exhibit B, which is incorporated herein and made a part hereof. Sub - <br />Grantee shall use the proceeds of the Grant only for the purchase of the equipment identified in <br />Exhibit B. Sub - Grantee's reimbursement shall be limited to a maximum of 80% of the cost to <br />purchase the equipment, and Sub - Grantee must provide a 20% match for such cost. The 20% match <br />is calculated using the following formula: ((grant amount x 100) — 80) / grant amount. <br />III. Sub - Grantee Representations and Warranties. <br />With respect to this Grant, Sub - Grantee represents and warrants to Sub - Grantor as follows: <br />1. It has the legal authority to enter into, execute and deliver this agreement, and it has <br />taken or will take prior to disbursement of any Grant proceeds all actions necessary to the execution <br />and delivery of this agreement and has the legal authority to purchase the equipment identified in <br />Exhibit B. <br />2. This Agreement is a legal, valid and binding obligation of the Sub - Grantee and is <br />enforceable against the Sub - Grantee according to its terms. <br />3. It will comply with all of the terms, conditions, and warranties in this Agreement. <br />4. To the best of its knowledge, it has made no material false statement of fact in <br />connection with its receipt of this Grant, and all of the information previously submitted to Sub - <br />Grantor or which it will submit to the Sub - Grantor in the future relating to this Grant or the <br />disbursement of any of the Grant is and will be true and correct. <br />5. It will use the Grant proceeds solely for expenditures to purchase the equipment <br />identified on Exhibit B. Provided, however, that Sub - Grantee may use Grant proceeds to purchase <br />other interoperable radio equipment for the PSIC Grant, so long as such equipment is listed on the <br />Statewide Radio Board's approved equipment list. In no case shall such substituted use of Grant <br />proceeds increase the Grant amount. <br />6. It has or will comply with the matching fund requirements of Section IV 2 of this <br />Agreement. <br />IV. Consideration and Payment. <br />Sub - Grantor will reimburse Sub - Grantee for all eligible and approved expenditures under <br />this Sub -Grant Agreement as follows: <br />1. Compensation. Sub - Grantee will be reimbursed in an amount not to exceed <br />$20,769.91. <br />2 <br />