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DocuSign Envelope ID: E1A0E30C-7C28-45F5-8C00-3FE5E3A80950 202401002 PART I: TERMS AND CONDITIONS. §1.01 Amount of and Conditional Nature of the Award of Trust Funds; Manner of Disbursement to Recipient. The Department will disburse Trust Funds to the Recipient in a total amount not to exceed Five Hundred Sixty -Five Thousand Five Hundred Dollars ($565,500). The Trust Funds are a conditional award and must be used by the Recipient to carry out the Project. The conditions attached to the award generally include compliance with all the terms and conditions of this contract and more particularly include monitoring and enforcing the occupancy eligibility requirements (including income eligibility) and affordability restrictions (including rent restrictions) required under the Program. The Recipient will be held responsible for full repayment of the conditional award to the Department unless and until unconditional award status is achieved. The award will be declared unconditional if and when all conditions are satisfied. If the Recipient is required to repay all or any portion of the conditional award to the Department, the Recipient may pursue reimbursement of such funds (the funds repaid to the Department) from the Owner through enforcement of whatever contractual arrangements for repayment the Recipient may have. This may include, but is not limited to: promissory notes, attendant collateral lien instruments, land use restriction agreements, deed restrictions, or any combination of one or more of the above. The Recipient is solely responsible for securing its position with respect to the Owner and the real estate involved in the Project. Recipient must request disbursements from the Department, and such requests shall be made in the form and manner prescribed by the Department. Disbursements may not be requested until Trust Funds are needed for the payment of eligible costs and the amount of disbursement requested must be limited to the amount needed. Ali payment requests must be supported by documentation as required by the Department, including but not limited to source documentation and proof of payment. All administrative and fiscal requirements for drawing Trust Funds will be the responsibility of the Recipient. At a minimum, Recipient must submit at least one (1) payment request every six (6) months and shall not submit subsequent requests until the reimbursement of the previous payment request has been deposited into Recipient's bank account. All payment requests for awarded NAHTF must be submitted to the Department within 60 days of the contract end date. All NAHTF not requested within this time period may be deobligated from the contract by the Department. All cash matching expenditures must be expended by the Recipient during the contract period and shall be expended in proportion to the Trust Fund -assisted project costs within the budget line item of the contract budget. NAHTF 23-TFRH-34010—Page 3 of 18