Equity Investment Agreement
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11“TEMPLATE”
Equity Investment Agreement
THIS EQUITY INVESTMENT AGREEMENT (the "Agreement") is dated as of
DATE
(the
"Effective
Date")
by
and
between
________________________________________________, a Delaware business corporation, having
an address at _________________________________________________________________ ("Company")
and Cornell University, a non-profit New York corporation, having an address at Day
Hall, Ithaca NY, 14850 ("Cornell").
WHEREAS, Company is developing technologies that it represents are
consistent with the educational, research and economic development objectives of
Cornell; and
WHEREAS, Company would benefit from a relationship with Cornell and its
Kevin M. McGovern Family Center for Venture Development in the Life Sciences,
(the "McGovern Center"), whereby the McGovern Center would provide Company
with assistance in accessing elements of the McGovern Center's network of public
and private commercialization resources (the "McGovern Center Network"); and
WHEREAS, the McGovern Center is willing to provide such assistance, subject
to the terms and conditions of this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth below, the parties covenant and agree as follows:
Article 1. Equity Partner Program
1.1
As a part of its equity partnership with Company, the McGovern
Center agrees, from time to time upon the request of Company, to:
(i)
Provide Company with timely information that the McGovern Center
reasonably believes to be of benefit to Company including information related to
capital formation, license of office and/or laboratory space on or near the main
campus of Cornell, and various forms of public and private commercial and financial
assistance that may be available to Company;
(ii)
Provide support to Company in connection with its efforts to raise
capital and form strategic alliances consistent with Company's stated mission;
(iii)
Serve as a liaison between Company and researchers and clinicians at
Cornell; and
2086854.2
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