a) approve an investment of up to
£400,000 into The Modular Analytics Company Limited;
b) delegate authority to the Combined Authority Treasurer and
Combined Authority Monitoring Officer to review the due diligence
information in respect of the above investment, and, subject to
their satisfactory review and agreement of the due diligence
information and the overall detailed commercial terms of the
investment, to sign off any outstanding conditions, issue final
approvals and complete any necessary related documentation in
respect of the investment noted above.