2015/11/10 Council Agenda Packet

SRA .2 REV 05/22/2007 SPONSORED RESEARCH AGREEMENT NO.UTA15-001169 This Sponsored Research Agreement("Agreement") is made between The University of Texas at Austin, on behalf of its Center for Electromechanics, with offices at 10100 Burnet Road, Building 133, Austin, Texas, 78758-4497 ("University"), an institution of higher education created by the Constitution and law of the State of Texas under The University of Texas System ("System") and the City of Everett, a Washington municipal corporation with offices at 3225 Cedar St., Everett, Washington, 98201 ("Sponsor"). RECITALS A. Sponsor desires that University perform certain research work hereinafter described and is willing to advance funds to sponsor such research; B. Sponsor desires to obtain certain rights to patents and technology developed during the course of such research with a view to profitable commercialization of such patents and technology for the Sponsor's benefit;and C. University is willing to perform such research and to grant rights to such patents and technology; - NOW THEREFORE, in consideration of the mutual covenants and promises herein contained, the University and Sponsor agree as follows: 1.EFFECTIVE DATE This Agreement shall be effective as of ,201_(the"Effective Date"). 2.RESEARCH PROGRAM 2.1 University will use reasonable efforts to conduct the Research Program described in Attachment A ("Research Program"), and will furnish the facilities necessary to carry out said Research Program. The Research Program will be under the direction of Michael Lewis ("Principal Investigator"), or(his or her) successor as mutually agreed to by the parties and will be conducted by the Principal Investigator at the University. 60