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month during which you make the subaward. Exemptions include: If, in the <br />previous tax year, you had gross income, from all sources, under $300,000, you are <br />exempt from the requirements to report on subawards, and the total compensation <br />of the five most highly compensated executives of any subrecipient. <br />d. Reporting Total Compensation of Recipient Executives: You must report total <br />compensation for each of your five most highly compensated executives for the <br />preceding completed fiscal year, if <br />i. the total Federal funding authorized to date under this award is $25,000 or more; <br />ii. in the preceding fiscal year, you received 80 percent or more of your annual gross <br />revenues from Federal procurement contracts (and subcontracts) and Federal <br />financial assistance subject to the Transparency Act, as defined at 2 CFR 170.320 <br />(and subawards); and $25,000,000 or more in annual gross revenues from Federal <br />procurement contracts (and subcontracts) and Federal financial assistance subject <br />to the Transparency Act, as defined at 2 CFR 170.320 (and subawards); and <br />iii. The public does not have access to information about the compensation of the <br />executives through periodic reports filed under section 13(a) or 15(d) of the <br />Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d)) or section 6104 of the <br />Internal Revenue Code of 1986. (To determine if the public has access to the <br />compensation information, see the U.S. Security and Exchange Commission total <br />compensation filings at http://www.sec.gov/answers/execoinp.htm.) <br />iv. Subrecipient Executives. Unless you are exempt as provided above, for each first- <br />tier subrecipient under this award, you shall report the names and total <br />compensation of each of the subrecipient's five most highly compensated <br />executives for the subrecipient's preceding completed fiscal year, if in the <br />subrecipient's preceding fiscal year, the subrecipient received 80 percent or more of <br />its annual gross revenues from Federal procurement contracts (and subcontracts) <br />and Federal financial assistance subject to the Transparency Act, as defined at 2 <br />CFR 170.320 (and subawards); and $25,000,000 or more in annual gross revenues <br />from Federal procurement contracts (and subcontracts), and Federal financial <br />assistance subject to the Transparency Act (and subawards); and the public does <br />not have access to information about the compensation of the executives through <br />periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act <br />of 1934 (15 U.S.C. 78m(a), 78o(d)) or section 6104 of the Internal Revenue Code <br />of 1986. <br />76. Understands that failure to comply with any of the above assurances may result in <br />suspension, termination, or reduction of grant funds. <br />The undersigned represents that he/she is authorized by the above named applicant to enter into this <br />agreement for and on behalf of the said ap ' an <br />Signature of Authorized Agent: <br />Printed Name of Authorized Agent: ?!- ; <br />Title:, Qt??- Fz('7 Date: <br />--46 <br />20A'