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2 4924-5086-4762\2 III.Accounting, Audit and Reporting Requirements 3.01 Accounting and Records: The Subgrantee agrees to provide relevant and necessary information to the Grantee to assist the Grantee in meeting the Grantee’s accounting and record- keeping obligations relating to the receipt and expenditure of all grant funds received from the County as described in the Grant Agreement. 3.02 Reporting: The Subgrantee agrees to provide relevant and necessary information to the Grantee to assist the Grantee in meeting (i) any of the Grant Requirements under the Grant Agreement or (ii) Grantee’s obligations to make written or annual reports to the County as described in the Grant Agreement. 3.04 Insurance Requirements: The Subgrantee agrees to provide relevant and necessary information to the Grantee to assist the Grantee in meeting its obligations relating to insurance as described in the Grant Agreement. IV.Agreement Term 4.01 Term: This agreement is effective upon execution by Grantee and Subgrantee. Unless terminated pursuant to Paragraph 4.02 or extended by written request and confirmation pursuant to this paragraph, this agreement will terminate when the Grantee has discharged its obligations under Section III and Section V. 4.02 Termination: This agreement may be terminated by the Grantee or Subgrantee for cause at any time upon fourteen (14) calendar days’ written notice to the other party. Cause shall mean a material breach of this agreement, and any amendments of this agreement, and includes failure to make reasonable and timely progress in performing and completing the mutual obligations the parties have undertaken in this agreement. The parties shall have the right and obligation to cure any and all defaults during the fourteen-day notice period without incurring penalty. 4.03 Amendments: The Grantee and Subgrantee may amend this agreement by mutual agreement. Changes or modifications of this agreement shall be effective only in the execution of written amendments signed by authorized representatives of the Grantee and Subgrantee. V.Grant Disbursement 5.01 Written Request: The Grantee will make a written request for disbursement of funds, together with any required supporting documentation or certifications, consistent with the disbursement request provisions of the Grant Agreement and disbursement form provided by County to the Grantee under the Grant Agreement. 5.02 Effect of Disbursement: Disbursement of funds to the Subgrantee neither implies any Grantee responsibility for contamination of the project site nor imposes any obligations on the Grantee for cleanup costs beyond whatever liability, if any, that might be found to exist under statutory or common law. 52