Common use of Total Project Cost Clause in Contracts

Total Project Cost. The total cost of the Project is $10,316,729, of which (i) Grantee is contributing to the Company land in the Park valued at not less than $400,000 (the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (iv) $3,484,728 shall be provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $10,316,729, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion of the Matching funds decreases by greater than five percent (5%). If Grantee proposes an increase or decrease by greater than five percent (5%) as described above as compared to the most recently approved Budget, such proposal shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budget. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee of its approval or disapproval. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f). Using the Grant, its own funds, and funds from other grants (including, but not limited to, the Matching Funds), Grantee agrees to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to pay, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses of the Project. Furthermore, Grantee agrees to spend all of the Matching Funds as contemplated in the Grant Application, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total cost of the Project is $10,316,729290,000, of which (i) Grantee is contributing to GCSD shall pay $165,000 toward salaries, use of computers, text books, CTE exams, supplies & miscellaneous program items for the Company land in the Park valued at not less than Project ($400,000 55,000 per year for 3 years) (the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (ivii) $3,484,728 125,000 shall be provided by the Grant. The total estimated cost of the Project is based upon the budget set forth in Exhibit "B" attached to and incorporated into this Agreement (the "Budget"). To the extent that the actual cost of the Project exceeds $10,316,729, Grantee shall be solely responsible for such excess. Grantee GCSD shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion in the aggregate of the Matching funds decreases by greater than five percent (5%)total cost of the Project. If Grantee proposes an Any increase or decrease by greater than five percent (5%) as described above in the aggregate of the total cost of the Project as compared to the most recently approved Budget, such proposal Budget shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budgetrequire approval of Triumph. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee GCSD of its approval or disapprovaldisapproval of such change. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed amended Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee GCSD fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f). Using the Grant, its own funds, and funds from other grants (including, but not limited to, the Matching Funds), Grantee GCSD agrees to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to pay, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses of the Project. Furthermore, Grantee GCSD agrees to spend all of the Matching Funds as contemplated in the Grant Application, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total cost of the Project is $10,316,729, of which (i) Grantee is contributing to the Company land in the Park valued at not less than $400,000 (the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (iv) $3,484,728 shall be provided by the Grant. The total estimated cost of the Project is based upon the Budget$21,000,000. To the extent that the actual cost of the Project exceeds $10,316,72921,000,000, Grantee the Company shall be solely responsible for such excess, not Triumph and not Grantee. Grantee shall monitor the Budget and submit an amended Budget to Triumph for approval in the event that (a) any case in which Grantee proposes to make a change to a previously approved Budget which decreases the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion of the Matching funds decreases by greater than five percent (5%). If Grantee proposes an increase or decrease by greater than five percent (5%) as described above as compared to the most recently approved Budget, such proposal shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budgetamount. Triumph shall have fifteen sixty (1560) days from the receipt of a proposed amended Budget to notify Grantee of its approval or disapproval. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen sixty (1560) day period, the proposed amended Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitteddisapproved. If Grantee fails to obtain Triumph's approval or deemed approvalbut nevertheless proceeds to implement the proposed amendments, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f) above. For amendments where either (a) the total Budget increases or decreases by greater than five percent (5%). Using , and/or (b) the Grant, its own funds, and funds from other grants Matching Funds increase or decrease by greater than five percent (including, but not limited to5%), the Matching Funds)Board of Directors of Triumph must approve such amendments. If Grantee proposes an amendment with an increase or decrease of less than five percent (5%) as described above as compared to the most recent Budget approved by the Board of Directors of Triumph, Grantee agrees Triumph staff shall have the right to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being approve or disapprove such amendment. It is expressly understood and agreed that the Grant shall operate only to pay, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses of the Project. Furthermore, Grantee agrees to spend shall ensure that the expenditure of all of the Matching Funds is as contemplated in the Grant ApplicationBudget, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total cost of the Project is $10,316,729910,000.00, of which (i) Grantee is contributing to the Company land shall pay $470,000.00 as shown in the Park valued at not less than $400,000 Budget (the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (ivii) $3,484,728 440,000.00 shall be provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $10,316,729, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion of the Matching funds decreases by greater than five percent (5%). If Grantee proposes an increase or decrease by greater than five percent (5%) as described above as compared to the most recently approved Budget, such proposal shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budget. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee of its approval or disapproval. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f). Using the Grant, its own funds, and funds from other grants (including, but not limited to, the Matching Funds), Grantee Xxxxxxx agrees to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to pay, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses of the Project. Furthermore, Grantee Xxxxxxx agrees to spend all of the Matching Funds as contemplated in the Grant Application, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total estimated cost of the Project is $10,316,72923,000,000.00 and the total estimated cost of the Project and the other improvements described as Phases I, of which (i) Grantee is contributing to the Company land II, and IV in the Park valued at not less than $400,000 Grant Application (collectively, the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”"Port Projects") is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (iv) $3,484,728 shall be provided by the Grant61,864,000. The total estimated cost of the Project is based upon the budget set forth in Exhibit "B" attached to and incorporated into this Agreement (the "Budget"). To the extent that the actual cost of the Project exceeds $10,316,729, Grantee shall be solely responsible for such excess. Grantee The Authority shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) percent in the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion aggregate of the Matching funds decreases by greater than five percent (5%)total cost of the Project. If Grantee proposes an Any increase or decrease by greater than five percent (5%) as described above percent in the aggregate of the total cost of the Project as compared to the most recently approved Budget, such proposal Budget shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budgetrequire approval of Triumph. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee the Authority of its approval or disapprovaldisapproval of such change. If Triumph fails to approve or disapprove of the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed amended Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee the Authority fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f3.2(f). Using the Grant, its own funds, funds and funds from other grants (including, but not limited togrants, the Matching Funds), Grantee Authority agrees to bear the entire cost and expense of the ProjectProject and the other Port Projects, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to payreimburse the Authority, on and subject to the terms and conditions set forth herein, for a portion of the costs and expenses theretofore paid by the Authority at the time(s) of such reimbursement. The schedule of completion of the ProjectProject and the other Port Projects shall be developed by Triumph and the Authority as Contracts and change orders are approved as provided herein, and executed by the Authority, as such schedule shall be updated and revised from time to time by Triumph and the Authority (the "Completion Schedule"). Furthermore, Grantee agrees The Authority shall take all steps reasonably necessary to spend all maintain the Completion Schedule. The Authority shall notify Triumph of any anticipated changes to the Completion Schedule and shall work with Triumph to update and revise the Completion Schedule such that t reflects the anticipated schedule of completion of the Matching Funds as contemplated in the Grant Application, Project and agrees that its failure to do so shall be deemed a material breach of this Agreementother Port Projects.

Total Project Cost. The total cost of the Project is $10,316,729744,575, of which (i) Grantee is contributing to the Company land GCSD shall pay $494,575 toward instructor and paraprofessional salaries (spread out over 5 years in the Park valued at not less than $400,000 annual amounts shown in the budget set forth in Exhibit "B" attached to and incorporated into this Agreement (the “Land”"Budget"), ) (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (ivii) $3,484,728 250,000 shall be provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $10,316,729, Grantee shall be solely responsible for such excess. Grantee GCSD shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion in the aggregate of the Matching funds decreases by greater than five percent (5%)total cost of the Project. If Grantee proposes an Any increase or decrease by greater than five percent (5%) as described above in the aggregate of the total cost of the Project as compared to the most recently approved Budget, such proposal Budget shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budgetrequire approval of Triumph. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee GCSD of its approval or disapprovaldisapproval of such change. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed amended Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee GCSD fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f). Using the Grant, its own funds, and funds from other grants (including, but not limited to, the Matching Funds), Grantee GCSD agrees to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to pay, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses of the Project. Furthermore, Grantee GCSD agrees to spend all of the Matching Funds as contemplated in the Grant Application, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total cost of the Project is $10,316,729, of which (i) Grantee is contributing to the Company land in the Park valued at not less than $400,000 (the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (iv) $3,484,728 shall be provided by the Grant. The total estimated cost of the Project is based upon the Budget$30,000,000. To the extent that the actual cost of the Project exceeds $10,316,72930,000,000, Grantee the Company shall be solely responsible for such excess, not Triumph and not Grantee. Grantee shall monitor the Budget and submit an amended Budget to Triumph for approval in the event that (a) any case in which Grantee proposes to make a change to a previously approved Budget which decreases the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion of the Matching funds decreases by greater than five percent (5%). If Grantee proposes an increase or decrease by greater than five percent (5%) as described above as compared to the most recently approved Budget, such proposal shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budgetamount. Triumph shall have fifteen forty five (1545) days from the receipt of a proposed amended Budget to notify Grantee of its approval or disapproval. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen forty five (1545) day period, the proposed amended Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitteddisapproved. If Grantee fails to obtain Triumph's approval or deemed approvalbut nevertheless proceeds to implement the proposed amendments, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f) above. For amendments where either (a) the total Budget increases or decreases by greater than five percent (5%). Using , and/or (b) the Grant, its own funds, and funds from other grants Matching Funds increase or decrease by greater than five percent (including, but not limited to5%), the Matching Funds)Board of Directors of Triumph must approve such amendments. If Grantee proposes an amendment with an increase or decrease of less than five percent (5%) as described above as compared to the most recent Budget approved by the Board of Directors of Triumph, Grantee agrees Triumph staff shall have the right to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being approve or disapprove such amendment. It is expressly understood and agreed that the Grant shall operate only to pay, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses of the Project. Furthermore, Grantee agrees to spend shall ensure that the expenditure of all of the Matching Funds is as contemplated in the Grant ApplicationBudget, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total cost of the Project is $10,316,729199,019,000, of which (i) Grantee is contributing to $64,100,000 shall be provided by the Company land in Grant on the Park valued at not less than $400,000 (the “Land”)terms set forth herein, and (ii) the State of Florida Economic Development Transportation Fund $134,919,000 shall be provided by Grantee’s cash and other funding commitments as follows (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”): (a) $38,953,000 has been committed by Grantee from the new local option sales tax revenues (approved in November 2018), TIFF proceeds, and local option gas tax revenues, and (ivb) $3,484,728 shall 95,966,000 is expected to be provided committed by the GrantFDOT. The total estimated cost of the Project is based upon the budget set forth in Exhibit "B" attached to and incorporated into this Agreement (the "Budget. To the extent that the actual cost of the Project exceeds $10,316,729, Grantee shall be solely responsible for such excess"). Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion of the Matching funds decreases by greater than five percent (5%). If Grantee proposes an increase or decrease by greater than five percent (5%) as described above as compared to the most recently approved Budget, such proposal shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budget. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee of its approval or disapproval. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f). Using the Grant, its own funds, and funds from other grants (including, but not limited to, the Matching Funds), Grantee agrees to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to pay, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses of the Project. Furthermore, Grantee agrees to spend all of the Matching Funds as contemplated in the Grant Application, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total cost of the Project is $10,316,729910,000.00, of which (i) Grantee is contributing to the Company land shall pay $470,000.00 as shown in the Park valued at not less than $400,000 Budget (the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (ivii) $3,484,728 440,000.00 shall be provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $10,316,729, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion of the Matching funds decreases by greater than five percent (5%). If Grantee proposes an increase or decrease by greater than five percent (5%) as described above as compared to the most recently approved Budget, such proposal shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budget. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee of its approval or disapproval. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f). Using the Grant, its own funds, and funds from other grants (including, but not limited to, the Matching Funds), Grantee agrees to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to pay, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses of the Project. Furthermore, Grantee agrees to spend all of the Matching Funds as contemplated in the Grant Application, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total cost of the Project is $10,316,7294,005,000.00, of which (i) Grantee is contributing to shall pay $955,937.00 toward the Company land in Project and the Park valued at not less than $400,000 Unmanned Safety Institute (the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTFUSI”) is contributing shall pay $1,246,415790,000.00 toward the Project (collectively, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (ivii) $3,484,728 2,259,063.00 shall be provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $10,316,7294,005,000.00, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion of the Matching funds decreases by greater than five percent (5%). If Grantee proposes an increase or decrease by greater than five percent (5%) as described above as compared to the most recently approved Budget, such proposal shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budget. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee of its approval or disapproval. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f). Using the Grant, its own funds, and funds from other grants (including, but not limited to, the Matching Funds), Grantee agrees to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to pay, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses of the Project. Furthermore, Grantee agrees to spend all of the Matching Funds as contemplated in the Grant Application, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total estimated cost of the Project is $10,316,729$ 672,400, of which (i) Grantee is contributing to BCSB shall pay using the Company land $58,400 in the Park valued at not less than Matching Funds and $400,000 (the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (iv) $3,484,728 614,000 shall be provided by the Grant. The total estimated cost of the Project is based upon the budget set forth in Exhibit "B" attached to and incorporated into this Agreement (the "Budget"). To the extent that the actual cost of the Project exceeds $10,316,729, Grantee shall be solely responsible for such excess. Grantee BCSB shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion in the aggregate of the Matching funds decreases by greater than five percent (5%)total cost of the Project. If Grantee proposes an Any increase or decrease by greater than five percent (5%) as described above in the aggregate of the total cost of the Project as compared to the most recently approved Budget, such proposal Budget shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budgetrequire approval of Triumph. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee BCSB of its approval or disapprovaldisapproval of such change. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed amended Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee BCSB fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f3.2(f). Using the Grant, its own funds, funds and funds from other grants (includinggrants, but not limited to, the Matching Funds), Grantee BCSB agrees to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to paydisburse to BCSB, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses to be paid by BCSB at the time(s) of such disbursement. The schedule of completion of the Project shall be developed by Triumph and BCSB as Contracts and change orders are approved as provided herein, and executed by BCSB, such schedule shall be updated and revised from time to time by Triumph and BCSB (the "Completion Schedule"). BCSB shall take all steps reasonably necessary to maintain the Completion Schedule. BCSB shall notify Triumph of any anticipated changes to the Completion Schedule and shall work with Triumph to update and revise the Completion Schedule such that it reflects the anticipated schedule of completion of the Project. Furthermore, Grantee agrees to spend all of the Matching Funds as contemplated in the Grant Application, and agrees that its failure to do so shall be deemed a material breach of this Agreement.

Total Project Cost. The total estimated cost of the Project is $ $10,316,7294,121,867, of which (i) Grantee is contributing to WCSB shall pay using the Company land $375,000 in the Park valued at not less than Matching Funds and $400,000 (the “Land”), (ii) the State of Florida Economic Development Transportation Fund (the “EDTF”) is contributing $1,246,415, (iii) the Company has committed to spending $5,185,586 toward construction of a warehouse (the “Warehouse”) on the Land (items (i), (ii), and (iii) are collectively referred to herein as the “Matching Funds”), and (iv) $3,484,728 3,926,867 shall be provided by the Grant. The total estimated cost of the Project is based upon the budget set forth in Exhibit "B" attached to and incorporated into this Agreement (the "Budget"). To the extent that the actual cost of the Project exceeds $10,316,729, Grantee shall be solely responsible for such excess. Grantee WCSB shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project increases or decreases by greater than five percent (5%), (b) total the Budget increases or decreases by greater than five percent (5%), (c) the Budget increases or decreases by greater than five percent (5%) within a particular Budget category, and/or (d) Grantee’s portion in the aggregate of the Matching funds decreases by greater than five percent (5%)total cost of the Project. If Grantee proposes an Any increase or decrease by greater than five percent (5%) as described above in the aggregate of the total cost of the Project as compared to the most recently approved Budget, such proposal Budget shall be submitted to Triumph in writing along with a proposed amended Budget, and Triumph shall have the right to approve or disapprove both the proposed Budget category increase or decrease and the proposed amended Budgetrequire approval of Triumph. Triumph shall have fifteen (15) days from the receipt of a proposed amended Budget to notify Grantee WCSB of its approval or disapprovaldisapproval of such change. If Triumph fails to approve or disapprove the proposed Budget category increase or decrease and/or the proposed amended Budget within such fifteen (15) day period, the proposed amended Budget category increase or decrease and/or the amended Budget, as applicable, shall be deemed approved as submitted. If Grantee WCSB fails to obtain Triumph's approval or deemed approval, that failure shall be sufficient cause for nonpayment by Triumph as provided in Section 4.2(f3.2(f). Using the Grant, its own funds, funds and funds from other grants (includinggrants, but not limited to, the Matching Funds), Grantee WCSB agrees to bear the entire cost and expense of the Project, including but not limited to, all costs and all expenses in excess of the total estimated cost of the Project, it being expressly understood and agreed that the Grant shall operate only to paydisburse to WCSB, on and subject to the terms and conditions set forth herein, a portion of the costs and expenses to be paid by WCSB at the time(s) of such disbursement. The schedule of completion of the Project shall be developed by Triumph and WCSB as Contracts and change orders are approved as provided herein, and executed by WCSB, such schedule shall be updated and revised from time to time by Triumph and WCSB (the "Completion Schedule"). WCSB shall take all steps reasonably necessary to maintain the Completion Schedule. WCSB shall notify Triumph of any anticipated changes to the Completion Schedule and shall work with Triumph to update and revise the Completion Schedule such that it reflects the anticipated schedule of completion of the Project. Furthermore, Grantee agrees to spend all of the Matching Funds as contemplated in the Grant Application, and agrees that its failure to do so shall be deemed a material breach of this Agreement.