REGENTS OF THE UNIVERSITY OF CALIFORNIA, THE (2)

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ARTICLE 2 COST, PAYMENT, BILLING, AND CARES ACT PROVISIONS A. ALLOWABLE COSTS AND FEES Allowable costs and fees for University's performance of this Contract shall be determined in accordance with: a. The budget, attached hereto and incorporated herein as Exhibit B. b. The terms of this Subcontract. c. The terms of the CARES Act. B. PAYMENT University shall submit invoices to Sponsor: Electronically by emailing a PDF of the invoice to: dsoto@santa-ana.org. Upon receipt of an invoice, Sponsor shall remit payment to University within 30 days. Payment Schedule: $1,480,073 payable upon full execution of the Contract; $1,480,072 payable on December 1, 2020. Checks shall be made payable to "The Regents of the University of California" and shall reference this Contract number. Payments shall be forwarded to UCI Contracts and Grants Accounting, Accounting Officer, 120 Theory, Suite 200, Irvine, California 92697-1050. C. CARES ACT PROGRAM PROVISIONS University shall be obligated to perform such duties as would normally extend beyond the term, including, but not limited to, obligations with respect to indemnification, audits, reporting, data retention/reporting, and accounting. Failure to provide any of the required documentation and reporting will cause Sponsor to withhold all or a portion of a request for CARES Act Funds, or return the entire request to University, until such documentation and reporting has been received and approved by Sponsor 2. Reduction in CARES Act Funding. The Sponsor reserves the right to reduce the amount of CARES Act Funds to University, or to completely terminate this Contract, in the Sponsor's sole discretion, if there is a reduction in CARES Act Funds provided to Sponsor. 3. Reduced Distribution of Funds. Sponsor reserves the right to reduce the grant application if the Sponsor's fiscal monitoring indicates that University's rate of expenditure will result in unspent funds at the end of the program term. Amendments in the grant allocation will be made after consultation with University.