JPTKTB LLC dba Pocock Racing Shells 11/9/2020

RECITALS rhis.Agreement is entered into upon the basis of the following facts and circumstances: 1. City: The City of Everett„which is hereafter referred to as"City"or"Grantor" 2, Business Applicant(herein referred to as PUTS,UCfr*a/1 Pocock Racing Shells "Business"or"Grantee"): 3. Address: 815 80"St SW Everett. WA 98203 4. Phone_ 42S-433-9048 5. Contact Person: John Titus 6. DUNS Number 097817368 7 Title of Program being Funded: Everett CARES Round 2 Small Business®rant R. Time of Performance: Beginning; August.1I 2020 Ending; Jufy 31,2021 9: ; Amount of Agreement/Grant Award: $20,000.00 10, This Agreement/grant award and the rights and obligations of both parties hereto shall be-subject to and governed by the following,incorporated by reference herein as Is fully set forth: (1)Grant Budget attached hereto or Exhibit"A" 12)Expense Reporting Form attached hereto or Exhibit"a" The City has funds available,authorised by the City Council for helping businesses respond to the negative economic impact of the coronavirus;and The Business has applied for assistance from the Everett CARES Round 2 Small Business Grant Program and relying on the information provided by the Business,the City has determined that Business is a small business at risk or long-term business Injury or closure as a result of the CoronavItus:and The Business wishes to receive a grant from the City In the sum of latentv Thousand Dollars($20,000)to be used as working capital to retain Jobs,to expand commerce,and to off-set the negative Impact of the coronavirus on its business;and The City has analyzed evidence provided by the Business that there is no duplication of benefits from other sources of federal funds,such as SBA Paycheck Protection. NOW,THEREFORE,In consideration of the foregoing Recitals and the covenants,conditions,representations and warranties contained herein,the parties hereto agree as fol ows: I. THE GRANT A. Eligibility The Grantee shall comply with ad applicable laws,ordinances,codes,regulations,and policies of focal,state,and federal governments,as now of hereafter amended All funds provided under this Agreement must be used for to reimburse 1