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EXHIBIT A <br />Specifications, Duties, and Scope of Work <br />The Grantee, who is not a state employee, will: <br />1 Administer the project in accordance with the requirements of the Minnesota Investment Fund <br />Program, Minn. Stat. § 116J.8731; Minn. Rules, Chapter 4300; and policies and procedures developed by the <br />State. <br />2 Enter into a Loan Agreement with the Borrower for $350,000, ("loan") and assure the following <br />conditions are included in such Loan Agreement: <br />2.1 Conditions <br />(a) Loan Term: 7 years <br />(b) Interest Rate:O% <br />(c) Collateral: as defined in the Security Agreement, ExhibitA and Loan Agreement Exhibit B <br />(d) The corporate guaranty of Zero Zone, Inc. is required. <br />2.2 Job Creation and Wages <br />(a) As of the project award date, the Borrower identified 179 full time equivalent (FTE) base <br />jobs that must be maintained through the Compliance Date. If necessary, base job number <br />will be amended following the Effective Date to account for fluctuation during Grant <br />Contract Agreement processing periods. <br />(b) The Borrower will create an additional fifty-five (55) permanent non -contract FTE jobs <br />between the Effective Date and the Compliance Date. Each job created may be included in <br />only one "wage bracket" as stated below: <br />(i) Forty-one (41) paying at least $21.00 per hour in cash wages, exclusive of Benefits. The <br />Borrower is entitled to forgivable loan proceeds inthe amount of $5,115, perjob <br />created in this wage bracket not to exceed $209,715 in total, and repayable loan <br />proceeds in the amount of $852 per job created in this wage bracket not to exceed <br />$34,943 in total; <br />(ii) Six (6) paying at least $23.00 per hour in cash wages, exclusive of Benefits. The Borrower <br />is entitled to forgivable loan proceeds in the amount of $5,966 per job created in this <br />wage bracket not to exceed $35,765 in total, and repayable loan proceeds in the <br />amount of $994 perjob created in this wage bracket not to exceed $5,966 in total; <br />(iii) Eight (8) paying at least $32.00 per hour in cash wages, exclusive of Benefits. The <br />Borrower is entitled to forgivable loan proceeds inthe amount of $6,815 perjob created <br />in this wage bracket not to exceed $54,520 in total, and repayable loan proceeds in the <br />amount of $1,136 perjob created in this wage bracket not to exceed $9,091 in total; <br />GRANT CONTRACT AGREEMENT TEMPLATE FOR COMPETITIVE GRANTS TO MUNICIPALITIES <br />REV 7.01.202 5 10 <br />