Common use of Electronic Copy Clause in Contracts

Electronic Copy. The parties to this document agree that a copy of the original signature (including an electronic copy) may be used for any and all purposes for which the original signature may have been used. The parties further waive any right to challenge the admissibility or authenticity of this document in a court of law based solely on the absence of an original signature. The parties execute this Agreement in duplicate originals by their duly authorized officers or representatives. THE BOARD OF TRUSTEES OF THE XXXXXX XXXXXXXX JUNIOR UNIVERSITY Signature: Name: Title: Date: [INSERT FULL LEGAL NAME OF ***** HERE] Signature: Name: Title: Date: Appendix A - Milestones Review company’s business plan to develop milestones that fit the licensing situation. Below are ideas for potential milestones: Category Physical Science Inventions Life Science Inventions Company viability Financing Management team Manufacturing & operations (build facility or outsource manufacturing) Relationships with suppliers, customers, strategic partners Development Operational prototype Qualification or reliability Telecom: lab trial, field trial Animal studies Government approval FDA: NDA, Phase I, Phase II, etc. Broad commercialization Licensed Product available for sale First sale Net Sales (alternative; ramping annual minimums) Multiple customers

Electronic Copy. The parties to this document agree that a copy of the original signature (including an electronic copy) may be used for any and all purposes for which the original signature may have been used. The parties further waive any right to challenge the admissibility or authenticity of this document in a court of law based solely on the absence of an original signature. The parties execute this Agreement in duplicate originals by their duly authorized officers or representatives. THE BOARD OF TRUSTEES OF THE XXXXXX XXXXXXXX JUNIOR UNIVERSITY Signature: Name: Title: Date: [INSERT FULL LEGAL NAME OF ***** COMPANY HERE] Signature: Name: Title: Date: Appendix A - Milestones Review company’s business plan to develop milestones that fit the licensing situation. Below are ideas for potential milestones: Category Physical Science Inventions Life Science Inventions Company viability Financing Management team Manufacturing & operations (build facility or outsource manufacturing) Relationships with suppliers, customers, strategic partners Development Operational prototype Qualification or reliability Telecom: lab trial, field trial Animal studies Government approval FDA: NDA, Phase I, Phase II, etc. Broad commercialization Licensed Product available for sale First sale Net Sales (alternative; ramping annual minimums) Multiple customers

Electronic Copy. The parties to this document agree that a copy of the original signature (including an electronic copy) may be used for any and all purposes for which the original signature may have been used. The parties further waive any right to challenge the admissibility or authenticity of this document in a court of law based solely on the absence of an original signature. The parties execute this Agreement in duplicate originals by their duly authorized officers or representatives. THE BOARD OF TRUSTEES OF THE XXXXXX XXXXXXXX JUNIOR UNIVERSITY Signature: Name: Title: Date: [INSERT FULL LEGAL NAME OF ***** HERE] Signature: Name: Title: Date: Appendix A - Milestones Review company’s business plan to develop milestones that fit the licensing situation. Below are ideas for potential milestones: Category Physical Science Inventions Life Science Inventions Company ***** viability Financing Management team Manufacturing & operations (build facility or outsource manufacturing) Relationships with suppliers, customers, strategic partners Development Operational prototype Qualification or reliability Telecom: lab trial, field trial Animal studies Government approval FDA: NDA, Phase I, Phase II, etc. Broad commercialization Licensed Product available for sale First sale Net Sales (alternative; ramping annual minimums) Multiple customers

Electronic Copy. The parties to this document agree that a copy of the original signature (including an electronic copy) may be used for any and all purposes for which the original signature may have been used. The parties further waive any right to challenge the admissibility or authenticity of this document in a court of law based solely on the absence of an original signature. The parties execute this Agreement in duplicate originals by their duly authorized officers or representatives. THE BOARD OF TRUSTEES OF THE XXXXXX XXXXXXXX JUNIOR UNIVERSITY Signature: Name: Title: Date: [INSERT FULL LEGAL NAME OF ***** HERE] Signature: Name: Title: Date: Appendix A - – Milestones Review company’s business plan to develop milestones that fit the licensing situation. Below are ideas for potential milestones: Category Physical Science Inventions Life Science Inventions Company viability Financing Management team Manufacturing & operations (build facility or outsource manufacturing) Relationships with suppliers, customers, strategic partners Development Operational prototype Qualification or reliability Telecom: lab trial, field trial Animal studies Government approval FDA: NDA, Phase I, Phase II, etc. Broad commercialization Licensed Product available for sale First sale Net Sales (alternative; ramping annual minimums) Multiple customers