Agmt23 Silicon Valley Social Venture Fund

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City of Redwood City serving as fiscal agent for Redwood City Together Grant Agreement REV: 01-24-23 RL We will share this progress check-in with our Grantmaking and Impact Investment Review Committee, who are responsible for approving the release of each tranche of funding. Payment Schedule: This grant will be paid in three annual installments, following the annual check-in as described above. The annual installments are outlined follows: First payment: $200,000 upon receipt of signed Grant Agreement Second payment: $200,000 upon approval by the Committee (June 2024) Third payment: $100,000 upon approval by the Committee (June 2025) Unexpended Funds: In the event of discontinuation or at the close of the grant period, any unexpended grant funds shall immediately be returned to SV2, except where SV2 has agreed in writing to an extension. If the Grantee Partner requires an extension for expenditure of grant funds, the Grantee Partner should submit a request for an extension to SV2 before the end of the grant period. The request should contain the reason for the extension and the length of time requested for the extension. Optional Acknowledgement of Grant Support: If the Grantee Partner would like to acknowledge SV2’s support in publications such as newsletters, program activity announcements or media coverage, suggested language is: “This work has been made possible in part by a grant from The Silicon Valley Social Venture Fund (SV2).” To reference SV2 on a list of funders, please write, “Silicon Valley Social Venture Fund (SV2).” Tax-Exempt Status: Grantee Partner will keep current its status as an organization exempt from taxation pursuant to Section 170(c)(1) of the Internal Revenue Code of the United States throughout the grant period and will comply with all applicable federal and state laws and regulations that govern the use of grant funds. The Grantee Partner will comply with all governmental requirements that may now or in the future become applicable to its activities under this Agreement. General: 1. Any significant changes in the Grantee Partner’s organizational leadership, including personnel who are important to the accomplishment of the Projected Grant Outcomes, should be reported to SV2 within thirty (30) days of the change. 2. Any assignment of this Agreement by the Grantee Partner will be void without the prior written consent of SV2. 3. If any parts of this Agreement are held to be invalid, the remaining parts of the Agreement shall continue to be valid and enforceable. No waiver by either party or any breach, default, or series of breaches or defaults, and no failure, refusal, or neglect of either party to exercise any right, power, or option given to it under this Agreement or to insist upon strict compliance ATTY/AGR.2023.011/Silicon Valley Social Venture Fund (Organizational Grant) (Page 3 of 5)