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III. B. Grantee shall notify the Foundation immediately if there is any pending or actual change in the Grantee's tax status. GRANT PERIOD, TERMINATION AND REPAYMENT A. Grant Period. One-year grants: The grant period shall commence on the Effective Date of this Agreement and shall b e i n force a nd effect f or a period o f o ne year o r until t he completion o f t he project a s specified in the Grant Application. Multi-year grants: The grant period shall commence on the Effective Date of this Agreement and shall be in force and effect until the completion of the project as specified in the Grant Application. At the end of each twelve-month period, the Foundation shall review the performance of the project and determine whether, in its sole discretion, to continue funding for another one-year grant period. Termination. This Agreement shall automatically terminate upon expiration of the grant period; provided that all obligations which are by their nature continuing, including without limitation Sections II(B), Ill(C), IV, V and VI (A) though (C), shall survive any expiration or termination of this Agreement. This Agreement may be terminated by the Foundation at any time upon written notice to Grantee for any reason, including but not limited to: 1) The Foundation is not satisfied, in its sole discretion, with the performance of the project, Grantee's financial status, organizational structure or management team members, or 2) Grantee fails to comply with one or m ore conditions of this Agreement. If this Agreement is terminated prior to the scheduled completion of the project, as described in the Grant Application, the Grantee shall provide the Foundation with a full accounting of the grant amount, including without limitation, a description of all expenses relating to the project and receipts for grant funds expended. Repayment. After the expiration of the final grant period, all allocated grant funds which have not been expended or for which expenditures have not been committed by executed contract or purchase order shall revert to the Foundation, and Grantee shall repay such amounts within 30 days after expiration of the grant period. Within 30 days after demand by the Foundation, Grantee shall repay to the Foundation the amount requested to be repaid, including any interest earned thereon, in the event that the Foundation, in its sole discretion, determines that the Grantee: a. has violated the terms of the Grant Application or this Grant Agreement or prior Grant Applications or Grant Agreements; or b. has made an unauthorized use of grant funds; or c. has changed the purpose of the project, failed to conduct the specified project within the time frame set forth, or within the budget parameters set forth; or has changed its charitable purposes, or has ceased to be exempt under Section 501(c)(3) of the Code, or has ceased to be a public charity or operation foundation as described in Sections 509 and 4942 of the Code, respectively. 2