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<br />7. Reoortina Reauirements. <br /> <br />(a) The Recipient agrees to furnish to the Grantor on or before March 1 in each year the <br />report required in Section I 16J994, Subdivision 7 of the Act on forms developed by the Minnesota <br />Department of Trade and Economic Development. <br /> <br />(b) If the Grantor does not receive the reports, it will mail the Recipient a warning within one <br />week of the required filing date. If within 14 days of the post marked date ofthe warning the reports are <br />not made, the Recipient agrees to pay to the Grantor a penalty of $100 for each subsequent day until <br />the report is filed up to a maximum of $1, 000. - i - <br /> <br />8. Parent Corporation. There is no parent corporation for the Recipient. <br /> <br />9. Othej: Grantors. The following is a list of all financial assistance to be provided by all <br />grantors for the Project: None. <br /> <br />10. Term of Aqreement This Agreement will be in full force and effect until the earlier of the <br />Recipient meeting _ aU of its obligations hereunder or the provisions of the Act no longer apply to the <br />Grantor, the Recipient or the Project, in which this Agreement will be terminated. <br /> <br />The Grantor and Recipient have executed this Agreement as ofthe date written above. <br /> <br />Grantor: <br /> <br />. By <br />Its Chair <br /> <br />By <br />Its Secretary <br /> <br />- Recipient: <br /> <br />By <br /> <br />Its <br /> <br />44 <br />