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HomeMy WebLinkAbout19- Amendment A to Business Assistance Agreement - MeatEater, LLC - Department of Commerce Big Sky Trust Grant MT-BSTF-1-19-12 - DOCUSIGNED DOCUMENT1 of 2 Business Assistance Agreement MeatEater, Inc. September 1, 2019 Amendment A MONTANA DEPARTMENT OF COMMERCE BIG SKY ECONOMIC DEVELOPMENT TRUST FUND Grant MT-BSTF 1-19-12 Business Assistance Agreement-Amendment A The parties to this contract (the Contract) are the City of Bozeman, (the “City, Town, County, or Tribal Government”), and MeatEater, LLC., (the “Assisted Business”); Tax identification number: 82-4124267. The City and the Assisted Business mutually agree to amend the Business Assistance Agreement, executed by them as follows: 1. B. PURPOSE: The purpose of this Contract is for the Assisted Business to use up to $100,000 in Big Sky Economic Development Trust Fund (the “BSTF”) grant funds, to be uses as follows: a. Up to $92,000 to assist with equipment, furniture, fixtures and wage reimbursement for net new jobs created. The Assisted Business has agreed to create 20 eligible net new jobs at the Project Site located at Bozeman, MT (the “Project Site”) in the Government’s jurisdictional area within the Contract time period. b. In addition, MeatEater, Inc., has agreed to a total new investment at the Project Site, which is equal to or greater than $1 for every $1 of BSTF financial assistance received or up to $100, 000 within this Contract time period, to satisfy the required match ration for the grant. Section 3. COMPENSTATION AND CONSIDERATION: The total amount to be reimbursed to the Assisted Business under the Contract shall be up to $100,000 (less grant administration fees) per eligible net new jobs created by the Assisted Business for documented costs with reimbursement not to exceed a total of 92,000 (total BSTF award, minus grant administration fees) for the entire Contract. a. The Government will authorize the Assisted Business to draw up to $92,000 (total BSTF award minus grant administration fees) against the funding reserved for the Assisted Business by the Department. Unless otherwise authorized by the Government, the Assisted Business may receive grant funds periodically over the Contract period only upon documenting the expenditure of the required matching funds and the creation of the eligible net new jobs by the Assisted Business, and after incurring eligible expenses. Section 4. PERIOD OF CONTRACT: The Contract will be in effect for the period commencing January 16, 2019 and will expire January 16, 2021 unless otherwise terminated by law or in compliance with the terms of the Contract. 2. All other provisions of the Contract remain in full force and effect. DocuSign Envelope ID: 23544274-35AE-47EE-BB6C-A7706EFB75B7 2 of 2 Business Assistance Agreement MeatEater, Inc. September 1, 2019 Amendment A Kevin Sloan, CEO Date MeatEater, Inc. Jen Nord, VP of Finance Date MeatEater, Inc. Cyndy Andrus, Mayor Date for the City of Bozeman Commission ATTEST: Legal Reviw DocuSign Envelope ID: 23544274-35AE-47EE-BB6C-A7706EFB75B7 9/18/2019 9/18/2019 9/26/2019 10/11/2019 10/11/2019