RESEARCH AND DEVELOPMENT SERVICES AGREEMENT
AGREEMENT NUMBER CP036763
LABOR AND MATERIALS TYPE
Battelle Memorial Institute, through its Columbus Operations (BATTELLE) agrees to provide to Sanguine
Corporation (CLIENT) technical/research services substantially in accordance with BATTELLE's Proposal No.
CP036763, (the Project) incorporated herein by reference, under the following terms and conditions:
1. ACCEPTANCE AND COMMENCEMENT
BATTELLE's Proposal may be accepted within sixty (60) days from the date of BATTELLE's signature below.
BATTELLE will begin work within thirty (30) days of receipt of this Agreement executed by CLIENT. The
Project period is estimated as six (6) months from commencement
CLIENT agrees to pay BATTELLE's charges for labor services and for other expenses for performance of the
Project, estimated at Three Hundred Thousand Dollars and No Cents ($300,000.00), without set-off, payable in
advance as follows:
Initial payment of Sixty Thousand Dollars and No Cents ($60,000.00), due prior to commencement of Project
Thereafter in Four (4 ) payments of Sixty Thousand Dollars and No Cents ($60,000.00), due within thirty (30)
days of presentation of invoice.
CLIENT will not be required to reimburse, and BATTELLE shall not be required to incur, any charges for
performance in excess of the estimate stated above, unless mutually agreed upon in writing. The balance of the
advance payment, if in excess of One Thousand Dollars and No Cents ($1000.00), shall be refunded to
CLIENT upon termination of the Project. Invoices not paid within thirty
(30) days of the date of invoice shall accrue interest at the rate of two (2) percent per month, compounded daily.
3. INTELLECTUAL PROPERTY
The terms of ownership of Intellectual Property are provided in the separate Option Agreement between Client
4. NO ENDORSEMENT/LITIGATION
BATTELLE does not endorse products or services. Therefore, CLIENT agrees that it will not use or imply