COMMUNITY HEALTH INITIATIVE OF ORANGE COUNTY

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in accordance with this Agreement and all applicable regulations is no longer needed for said program, disposition of said equipment will be made as follows: 1. Items of equipment with a current per unit fair market value of less than $5,000,00 may be retained, sold or otherwise disposed of with no further obligation to cTTY. 2. Items of equipment with a current fair market per unit value of $5poo.00 or more may be retained or sold and CfIY shall have the right to an amount calculated by multiplying the current market value or proceeds from the sale by C Iys share of federal funds used to acquire the equipment, in accordance with 2 CFR 200.313(e)(2). D. SUBRECIPMNT hereby agrees, upon the demand of CITY, to execute, acknowledge and deliver, or cause any person or entity who may have any claim to rights hereunder or under any document, instrument or agreement executed in furtherance of the services and activities to be performed hereunder, to execute, acknowledge and deliver, to CITY assignmrent(s), quit claim deed(s) or such othd further mstmer an ments, documents and agreements as may be necessary, in the sole and absolute discretion of CITY, to vest in CITY all of SUBRECIPIENT's right, title and interest (if any it may have) in and to CITY, CDBG or other federal, state and/or local accounts or program funds or allocation of funds to which CrTY is or may be entitled, either for its own account or as fiduciary or trustee for others, which were obtained for the purpose of the performance of this Agreement or any previous agreements relating to the same subject matter or activities as this Agreement, together with any instruments, loans, grants or advances by SUBRECIPMM on behalf of C1T'Y, in furtherance of the activities hereunder or thereof. SUBRECIPEEWs obligations and responsibilities set forth in this paragraph "XI. REVERSION OF ASSETS." and in Paragraph '77QII. TERMINATION" and other requirements pertaining to Program income shall not be affected by the termination of this Agreement and shall survive the date of termination of this Agreement for such period of time as CITY and/or HUD deems necessary for the responsibilities, duties and obligations to be performed and completed to the satisfaction of CrrY and HUD. XU. TERMINATION A. This Agreement maybe terminated on thirty (30) days' written notice by either party. In the event of such termination, SUBRECIPIENf shall only be entitled to reimbursement for approved expenses incurred to the effective date of termination. B. This Agreement may be suspended or terminated by CTIy upon five (5) days' written notice for violation by SUBRECIPIENr of Federal Laws governing the use of Community Development Block Grant Funds. In the event of such suspension or tenninatioq SUBRECIPIENT shall only be entitled to reimbursement for approved expenses incurred up to the effective date of suspension or termination. C. Pursuant to 2 CFR 200.340, in the event SUBRECIPIENT defaults by failing to fulfill all or any of its obligations hereunder, CITY may declare a default and termination of this Agreement by written notice to SUBRECIPIENT, which default and termination shall be effective on a date stated in the notice which is to be not less than ten (10) days after certified mailing or personal service of such notice, unless such default is cured before the effective date of tenrunatioa stated in such notice. If terminated for cause, CITY shall be relieved of further liability or responsibility under this Agreement, or as a result of the temunation thereof including the payment of money, except for payment for approved expenses incurred for services satisfactorily and timely performed prior to the mailing or service of the notice of termination, and except for reimbursement of (1) any Payments made for services not subsequently performed in a timely and satisfactory manner. and (2) costs incurred by CrTY in obtaining substitute performance. 13