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7. Reporting Requirements. <br />(a) The Recipient agrees to furnish to the Grantor on or before March 1 in each year the <br />report required in Section 116J994, Subdivision 7 of the Act on forms developed by the Minnesota <br />Department of Trade and Economic Development. <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 of the 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. <br />8. Parent Corporation. There is no parent corporation for the Recipient. <br />9. Other Grantors. The following is a list of all financial assistance to be provided by all <br />grantors for the Project: None. <br />10. Term of Agreement. This Agreement will be in full force and effect until the i arlli { of the <br />Recipient meeting all of its obligations hereunder or the provisions of the Act no longer apply <br />Grantor, the Recipient or the Project, in which this Agreement will be terminated. <br />The Grantor and Recipient have executed this Agreement as of the date written above. <br />Grantor: <br />By <br />By <br />By <br />Its Chair <br />Its Secretary <br />Recipient: <br />Its <br />