Mago's Dream LLC dba Body and Brain Yoga 11/9/2020

RECITALS 1 This Agreement is entered into upon the basis of the following facts and circumstances: 1. City): The City of Everett,which is hereafter referred 11 to as"City"or"Grantor" 1 2. Busness Applicant(herein referred to as Mago's Dream LLC dba Body&Brain Yoga Ta) "Business"or"Graotee"): I Chi 3. Address: 1319 Hewitt Ave.,Everett,WA 98201 4. Phone: 425-512-9277 5. Contact Person: ! Maki Perry 6. DUNS Number 122923270 7. Title of Program being Funded: Everett CARES Round 2 Small Business Grant 8. Time of Performance: Beginning: August 1,2020 1 Ending: July 31,2021 9. Amount of Agreement/Grant Award: $10,000.00 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) rant Budget attached hereto or Exhibit"A" (2) Expense Reporting Form attached hereto or Exhibit"B" The City has funds!available,authorized 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 of long-term business injury or closure as a result of the Coronavirus;and The Business wishes to receive a grant from the City in the sum of Ten Thousand Dollars($10,000)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 analy ed evidence provided by the Business that there is no duplication of benefits from other sources of federal funds,such as SBA Pay heck Protection. NOW,THEREFORE,in consideration of the foregping Recitals and the covenants,conditions, representations and warranties container} herein,the parties hereto agree as follows: I. THE GRANT A. Eligibility The Grantee shall comply with all applicable laws,ordinances,codes,regulations,and policies of local,state,ajid federal governments, s now or here fter amended All funds provided under this Agreement must be used for to reimburse the costs of business interru tion caused by required closures. Grantee must ensure the funds are used specifically for COVID related impacts. I 1 1