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<br />This GRANT Agreement shall be deemed to have been executed and delivered within the <br />State of Ohio, and the rights and obligations of the parties shall be construed and enforced in <br />accordance with, and governed by, the laws of the State of Ohio without regard to principles of <br />conflicts of laws. <br /> <br />Section 7.11 <br /> <br />Term of AQreement <br /> <br />This GRANT Agreement shall remain in full force and effect until the satisfaction or <br />cancellation of the Note. <br /> <br />########## <br /> <br />IN WITNESS WHEREOF, after due authorization, the parties have each caused this GRANT <br />Agreement to be duly executed as of the date written above. <br /> <br />Signed and acknowledged <br />in the presence of: <br /> <br />CITY OF LAKEWOOD, OHIO <br /> <br />By: <br />Thomas J. George, Mayor <br /> <br />Print <br /> <br />Address: <br /> <br />12650 Detroit Avenue <br />Lakewood, Ohio 44107 <br /> <br />Signed and acknowledged <br />in the presence of: <br /> <br />PHIL VEDDA & SONS, INC. <br /> <br />; By: <br />Phil Yedda CEO <br /> <br />Print <br /> <br />Address: <br /> <br />11730 Detroit Avenue <br />Lakewood, Ohio 44107 <br /> <br />Page 14 of 16 <br />