Document:

THIS
NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

 

ICOX
INNOVATIONS INC.

 

OTC:
ICOX

 

NEWS
RELEASE

 

ICOX
INNOVATIONS ANNOUNCES AMENDMENT TO BUSINESS SERVICES AGREEMENT WITH WENN DIGITAL INC. AND CLOSING OF PRIVATE PLACEMENT

 

Los
Angeles, CA, March 20, 2018 – ICOX Innovations Inc. (OTC: ICOX) (the “Company”) announces that on March 19,
2018, the Company entered into the amendment no. 1, dated as of March 15, 2018, to the business services agreement, effective
as of December 29, 2017, with WENN Digital Inc. (“WENN”), pursuant to which the Company changed the scope of services
to provide WENN with the services in connection with WENN’s development of an image rights management and protection platform
(the “Platform”) using blockchain technology, including (i) the business development and technical services, (ii)
the business launch services and (iii) the post-business launch support services.

 

The
total fees for the services provided in connection with the development and launch of the Platform (the business development and
technical services and business launch services) are deemed earned on the date of execution of the business services agreement,
but the Company has waived WENN’s requirement to pay US$250,000 fixed fee in connection with the business development and
technical services and WENN has previously paid the Company US$500,000 fixed fee in connection with the business launch services.

 

The
fees for the post-business launch support services (the “Monthly Services”) are US$35,000 per month and they will
be due at the beginning of each month in which the Monthly Services are performed.

 

In
addition, the work fees in the amount of US$4,175,000 are deemed earned on March 15, 2018 and will be subject to a Renegotiation
Obligation (as defined below). The additional fee of rights to receive an aggregate of 20,000,000 Platform tokens or coins (the
“Tokens”) pursuant to a Simple Agreement for Future Tokens are also deemed earned on the date of execution of the
business services agreement and will be subject to a Renegotiation Obligation. If WENN does not raise more than US$40 million
in connection with its offer and sale for cash of (i) one or more Simple Agreements for Future Tokens (“SAFTs”), which
SAFTs will entitle the holders thereof to receive Tokens under certain circumstances, and/or, (ii) Tokens, in the event that WENN
determines to offer and sell Tokens in lieu of or in addition to SAFTs in connection with its fundraising efforts (collectively,
the “WENN Offering”), prior to May 31, 2018, the Company will be required to return the work fees and additional fees
to WENN and WENN and the Company will be required to negotiate in good faith the amount of each of such fee (such requirement
to negotiate is referred to herein as the “Renegotiation Obligation”).

 

The
Company agreed that WENN will not be responsible for any out-of-pocket expenses incurred by the Company in connection with its
performance of the services. In addition, the Company agreed to pay, and otherwise be financially responsible for (including through
the reimbursement of disbursements made by WENN and its affiliates), (i) all legal costs and expenses incurred by WENN, the Company
and any of their affiliates in connection with the WENN Offering; (ii) all business and travel expenses incurred by WENN, the
Company and any of their affiliates in connection the WENN Offering; and (iii) all fees and expenses incurred by WENN in connection
with its conversion of cryptocurrencies into US dollars in connection with the WENN Offering, including bank, exchange and other
similar fees and expenses. WENN will have the right to deduct any such amounts from the fees otherwise payable by it to the Company
and apply such deducted amounts to the payments to the Company.

 

    	 	 	 

    	 	- 2 -	 

    

 

The
business services agreement will continue for a period of one year unless earlier terminated by either the Company or WENN. With
respect to the Monthly Services, the Company agreed to provide the Monthly Services for one year commencing on the date of the
Platform Launch (as defined below), after which the business services agreement and the provision of the Monthly Services will
automatically renew for a one year period and can be terminated by either the Company or WENN with 30 days’ written notice.
“Platform Launch” means the publicized product launch of the Platform to the general public, including the ability
of the general public to use Tokens as the primary means of exchange for transactions on the Platform.

 

Either
the Company or WENN may terminate the business services agreement upon the provision of 30 days’ written notice to the other
party. If the Company provides such notice, WENN may immediately terminate the business services agreement and the Company will
be entitled to no further compensation except for any fees earned prior to the date of the termination. If WENN provides such
notice, the Company may immediately terminate the business services agreement and will be entitled to no further compensation,
except for the following lump sum payments: (i) any fees earned to the effective date of termination; and (ii) a lump sum payment
of US$105,000.

 

The
Company’s chairman and director, Cameron Chell, is a director, officer and an indirect shareholder of Business Instincts
Group Inc. which owns 10% of the common stock of WENN and he is also a director, officer and indirect shareholder of Blockchain
Merchant Group, Inc. which owns 2.5% of the common stock of WENN and the Company owns 7.5% of the common stock of WENN. Mr. Chell
is also a director of WENN.

 

The
Company also announces that it has completed a private placement of an aggregate of 3,217,300 subscription receipts (each, a “Subscription
Receipt”) at a price of US$0.60 per Subscription Receipt for aggregate gross proceeds of US$1,930,380. In the event of the
occurrence of the escrow release condition (as defined below), each Subscription Receipt will automatically convert into one share
of common stock of the Company (each, a “Share”), for no additional consideration. The subscription amounts will be
held by an escrow agent until the escrow release condition. The escrow release condition is the receipt by the Company of conditional
approval for the listing of the Company’s Shares on a Canadian stock exchange. In the event that the escrow release condition
is satisfied prior to 5:00 p.m. (Vancouver time) on May 31, 2018, the Company will deliver a notice to the escrow agent confirming
the escrow release condition has been satisfied. Upon receipt of the notice, the escrow agent will, as soon as practicable thereafter,
release the subscription amounts to the Company and each subscription receipt will automatically convert into one Share without
payment of any additional consideration. If the escrow release condition is not satisfied by 5:00 p.m. (Vancouver time) on May
31, 2018 or if the Company delivers a written default notice to the escrow agent that the escrow release condition will not be
satisfied by that time, the Subscription Receipts will expire and be of no further force and effect, effective as of the earlier
of (i) 5:00 p.m. (Vancouver time) on May 31, 2018 and (ii) the date of the receipt of the default notice, and the subscribers
will be entitled to receive from the escrow agent a refund of the subscription amounts held in escrow, without interest and less
applicable expenses. In connection with the closing of the private placement, the Company agreed to issue 160,865 shares of its
common stock at a deemed price of US$0.60 per share as the finder’s fee, which will be issued only if the subscription receipts
are converted into shares of its common stock.

 

    	 	 	 

    	 	- 3 -	 

    

 

In
connection with this private placement, the Company agreed with each subscriber who purchased these Subscription Receipts to prepare
and file a registration statement with respect to 50% of the Shares issuable upon conversion of the Subscription Receipts with
the United States Securities and Exchange Commission within 90 days following the closing of the private placement and agreed
to use commercially reasonable efforts to have the registration statement declared effective by the United States Securities and
Exchange Commission as soon as possible after filing.

 

None
of the securities issued in the private placement have been registered under the United States Securities Act of 1933, as amended
(the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation
of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be
unlawful.

 

On
behalf of the Board of Directors of the Company.

 

ICOX
INNOVATIONS INC.

 

“Bruce
Elliott”

Bruce Elliott

President

 

For
further information, please contact:

 

Michael
Blum

424.570.9446Blueprint

 

 Exhibit
10.18

 

MASTER SERVICES AGREEMENT

 

AGREEMENT,
made and entered into this __24th__
day of _October,
2017 (the “EFFECTIVE DATE”), by and between CRITECH
RESEARCH, INC., a Michigan corporation, whose address is 1705
Woodland Drive East, Suite 100, Saline, Michigan 48176
(“CRITECH”), and ENDRA Life Sciences, whose address is
3600 Green Court, Suite 350, Ann Arbor, MI 48105
(“CLIENT”).

 

RECITALS:

 

A.            

CLIENT desires to
retain CRITECH to perform services on its behalf.

 

B.            

CRITECH is engaged
in the business of developing computer programs that have medical
applications and has agreed to assist CLIENT, upon the terms and
conditions set forth in this Agreement.

 

NOW,
THEREFORE, the parties agree as follows:

 

1.            

Scope of Work. CLIENT may issue mutually
acceptable PROJECT ASSIGNMENTS to CRITECH in the form attached to
this Agreement as Exhibit A (“PROJECT ASSIGNMENT”).
Subject to the terms of this Agreement and to CLIENT fulfilling its
performance obligations under any PROJECT ASSIGNMENT, CRITECH will
use commercially reasonable efforts in rendering the services set
forth in the PROJECT ASSIGNMENT(S) by the completion dates set
forth therein.

 

2.            

Compensation. CLIENT will pay CRITECH
the mutually agreed upon fee set forth in each PROJECT ASSIGNMENT
for services rendered pursuant to this Agreement. CRITECH will
charge CLIENT for reimbursable costs, including any travel and
material expenses, which are expressly provided for in a PROJECT
ASSIGNMENT or which have been approved in advance in writing by an
authorized CLIENT representative.

 

All
charges for personnel time shall be on a straight time basis,
regardless of the number of hours worked by any employee on any one
day or during any one week, and regardless of the day on which
services are performed. CRITECH shall invoice CLIENT monthly for
work performed and reimbursable expenses under the PROJECT
ASSIGNMENT(S). CLIENT shall pay that invoice on a NET 15
basis.

 

3.            

Term. This Agreement is effective as of
the Effective Date set forth above and will remain in effect for an
indefinite term until terminated as set forth below. CRITECH shall
begin performing services under this Agreement when the first
mutually agreeable PROJECT ASSIGNMENT is executed.

 

4.            

CLIENT’s Efforts. In connection
with any PROJECT ASSIGNMENT(S) accepted by CRITECH, CLIENT agrees
to reasonably cause; (i) CLIENT’s appropriate engineers and
other personnel to interface with CRITECH’s engineers and
personnel as anticipated in the PROJECT ASSIGNMENT and as
reasonably necessary to enable CRITECH to perform its duties under
this Agreement; (ii) access to be given to CRITECH to all relevant
written documentation and source code pertaining to the product and
its software; (iii) the availability of appropriate meeting areas;
and (iv) the availability of appropriate work areas (including desk
and telephone access) for CRITECH’s engineering efforts that
are to occur on site at CLIENT’s premises.

 

5.            

Termination. Either party may terminate
this Agreement at any time for any reason upon written, fifteen
(15) day notice to the other party. After receiving a notice of
early termination, CRITECH shall invoice CLIENT for all services
performed and reimbursable expenses incurred through the effective
date of termination (including the notice period) and CLIENT shall
pay that invoice on a NET 15 basis. CRITECH will use reasonable
efforts to minimize the amount of any work performed or expenses
incurred after receiving a notice of early termination. Upon any
termination of this Agreement, CRITECH shall assist, at
CLIENT’S request and expense, with the transfer of the
PROJECT ASSIGNMENT(S) to another party in order to minimize any
delay caused by such termination.

 

CRITECH
reserves the right to suspend the performance of services if CLIENT
defaults in making any of the payments due to CRITECH under this
Agreement.

 

6.            

Title. CLIENT shall be the sole owner of
the work products and deliverables produced specifically for CLIENT
under this Agreement, including source code, resulting object code,
and documentation (“DELIVERABLES”). All DELIVERABLES
shall be considered work made for hire, as defined in 17 U.S.C.
§101. To the extent that any of the DELIVERABLES do not
constitute a work made for hire, CRITECH hereby irrevocably assigns
to CLIENT, without additional consideration, all right, title, and
interest in and to the DELIVERABLES, including all intellectual
property rights therein. CRITECH shall execute any additional
documentation as CLIENT may reasonably request, and at
CLIENT’s expense, to confirm CLIENT's sole ownership of the
work products and deliverables. Any intellectual property developed
or created by CRITECH, prior to the EFFECTIVE DATE
(“PRE-EXISTING IP”), shall remain the property of
CRITECH and with respect to which, CRITECH hereby grants to CLIENT
a nonexclusive, perpetual, irrevocable, royalty-free,
sublicensable, transferable, and worldwide license to use ,
perform, display, execute, reproduce, distribute, transmit, modify
(including to create derivative works), import, make, have made,
sell, offer to sell and otherwise exploit such PRE-EXISTING IP
 to the extent
incorporated in, combined with, or otherwise necessary for the use
of the DELIVERABLES. Subject only to the foregoing license, all
rights, title and interest in and to the PRE-EXISTING IP shall
remain vested in CRITECH.

 

 

1

 

 

CRITECH
agrees to notify CLIENT and to receive advance approval in writing
from CLIENT for the incorporation of PRE-EXISTING IP into
DELIVERABLES.

 

7.            

Warranties. CRITECH represents and
warrants to CLIENT that CRITECH will be the sole author of any
software developed under this Agreement. All work on software will
either be CRITECH's original work or will include the work of
others which has been lawfully obtained by CRITECH and legitimately
transferred to CLIENT. None of such work shall infringe upon a
valid United States Patent or Copyright. BECAUSE OF THE LIMITED NATURE OF CRITECH'S
SERVICES HEREUNDER, CRITECH DISCLAIMS ALL OTHER WARRANTIES
REGARDING THE SOFTWARE, INCLUDING, WITHOUT LIMITATION, WARRANTIES
OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
Following verification, validation and acceptance testing by
CRITECH of work product and deliverables under this Agreement and
ENDRA’s review of such testing results and acceptance
thereof, CLIENT shall be responsible for performing system
integration of the work products and deliverables. CLIENT shall be
solely responsible for the performance of the work products and
deliverables following delivery and CLIENT’S acceptance
thereof. Each party shall indemnify, defend and hold the other
party harmless with respect to any successfully asserted third
party claim, demand, cause of action, debt or liability to the
extent that such claim arises out of its own (i) grossly negligent
acts; (ii) grossly negligent omissions, (iii) willful misconduct,
(iv) breach of any provision of this Agreement or (v) violation of
law.

 

8.            

Limitation of Liability. CRITECH SHALL NOT BE RESPONSIBLE TO CLIENT FOR
INCIDENTAL OR CONSEQUENTIAL DAMAGES OR FOR LOST PROFITS THAT MAY
ARISE OUT OF THIS AGREEMENT OR ANY ALLEGED FAILURE BY CRITECH TO
PERFORM ITS DUTIES UNDER THIS AGREEMENT EVEN IF CRITECH
WERE MADE AWARE OF THE POSSIBILITY
OF SUCH DAMAGES. CRITECH’S LIABILITY FOR DAMAGES UNDER
THIS AGREEMENT SHALL BE LIMITED TO THE LESSER OF THE ACTUAL DAMAGES
SUFFERED BY CLIENT OR THE TOTAL AMOUNT PAID TO CRITECH HEREUNDER
FOR THE PROJECT ASSIGNMENT. No action, except for a claim
for indemnity by CRITECH under Section 7 hereof, may be brought by
one party against the other with regard to services performed by
CRITECH under this Agreement more than two (2) years after the
earlier of the effective date of termination of this Agreement or
the completion date of the PROJECT ASSIGNMENT out of which that
action arises.

 

9.            

Non-Disclosure. The terms of the
Non-Disclosure/Confidentiality Agreement executed by CRITECH and by
CLIENT on _4 August 2017_ shall remain in effect following the
execution of this Agreement.

 

10.            

CLIENT Property. Neither CRITECH nor any
person shall use for their benefit, or for the benefit of any
person or entity other than CLIENT, any information, data,
equipment or supplies that are the property of CLIENT.

 

11.            

Independent Contractor. The relationship
of the parties shall be that of principal and independent
contractor. The parties intend no employment, joint venture or
agency relationship to result from their entry into and performance
of services under this Agreement. Neither party shall have the
authority to bind or obligate the other in any manner whatsoever.
Neither party shall be responsible for an act or omission of the
other or any employee of the other. CRITECH shall be responsible
for reporting and paying all taxes that are due by it with regard
to compensation received by it pursuant to this Agreement. CRITECH
shall also be solely responsible for providing the facilities from
which its services will be performed and for bearing all expenses
associated with the performance of its service, except for
obtaining reimbursement of those expenses described as
"reimbursable expenses" in the PROJECT ASSIGNMENT(S). Any
reimbursement will not exceed amounts allocated for such expenses
on CLIENT‘s PROJECT ASSIGNMENT(S). CRITECH shall be solely
responsible for compensating and supervising its employees and
agents, CRITECH shall maintain in effect such written agreements
with its employees, agents and contractors as necessary for CRITECH
to comply with the provisions of this Agreement.

 

12.            

Default. A party shall be in default
under this Agreement if it does not cure any breach or failure of
performance within thirty (30) days after receiving written notice
of default from the non-defaulting party. Any such written notice
shall describe the condition of default in reasonable
detail.

 

13.            

Survival of Covenants. In the event that
CRITECH sells its medical software development business or
otherwise transfers, reorganizes or restructures that portion of
its business that pertains to the development of medical software,
CRITECH shall transfer to the person or entity that acquires
CRITECH's medical software development business all of CRITECH's
rights, obligations and benefits under this Agreement. Any such
transfer shall be effective only upon the prior written consent of
CLIENT. After effecting such a transfer, CRITECH shall cooperate
with CLIENT and the transferee in assuring a smooth transition in
the performance of services under this Agreement, all with a view
toward causing the services to be completed within the time frame
and in accordance with the PROJECT ASSIGNMENT(S).

 

14.            

Confidential Information. The terms of
this Section 14 are of a continuing nature and shall survive the
termination of this Agreement in perpetuity except as provided
herein. Each party acknowledges that in the course of performance
of its respective obligations under this Agreement, it may obtain
Confidential Information of the other party or its affiliates. Each
party agrees, for itself and on behalf of its personnel, directors,
agents and advisors, that Confidential Information will remain the
property of and be returned to the disclosing party (along with all
copies thereof) within thirty (30) days of the termination of the
Agreement, and to hold in confidence and to not disclose to any
third party any Confidential Information; provided that the
recipient of such information shall have no confidentiality
obligation to the extent that the disclosed information is (or
becomes):

 

(a)           published
by a third party in generally available media other than as a
result of the improper action of a receiving Party;

 

(b)           generally
available to the public other than as a result of the improper
action of a receiving Party;

 

 

2

 

 

(c)           known
from a source independent of any confidentiality restrictions;
or

 

(d)           developed
independently by a receiving Party without reliance upon the other
Party’s Confidential Information or intellectual property
rights (including, without limitation, any continuing rights to
derivative works), provided that any such claim of independent
development by a receiving Party must be supported by written and
dated records that substantiate such claim of independent
development.

 

For
purposes of this Agreement, “Confidential Information”
shall mean information that is designated by a providing party as
confidential, or that should reasonably be understood by a
receiving party to be confidential or proprietary under the
circumstances, whether or not such information is marked or
identified as “confidential” by the disclosing party.
Confidential Information includes, without exclusion, proprietary
materials, technology, know-how, procedures, processes, protocols,
specifications, strategic plans, designs, systems, software object
code and source code, documentation, sales and marketing plans,
results of testing, customer information, financial information,
product information, proposed business arrangements, methods of
operation and compilations of data.

 

14.            

Employee Non-Solicitation. For so long
as this Agreement is in effect and for two (2) years
thereafter;

 

(a)            

neither party shall
solicit for employment any person who is or who becomes an employee
of the other party at any time that this Agreement is in
effect;

(b)            

neither party shall
induce any employee of the other party to terminate his/her
employment; and

(c)            

neither party shall
solicit for employment any person who was an employee of the other
party for a period of six (6) months following the employee’s
termination of employment with the other party.

 

Notwithstanding
the foregoing, nothing in this Section 14 shall restrict (i) either
party from employing any person who seeks such employment of his
own accord, or (ii) the making of any general, non-targeted
advertisements or solicitations for employment by any
party.

 

15.            

Export. CLIENT shall have the sole right
to control export of the software. CLIENT shall be responsible for
complying with all laws and regulations applicable to any export of
the software.

 

16.            

Notice. Any and all notices, or any
other communication provided for herein, shall be given in writing
by registered or certified mail, return receipt requested, and
shall be addressed to:

 

CLIENT:

Attn.
(NAME/DEPT)

 

CLIENT

 

ADDRESS

 

CRITECH:

Robert J.
Rajewski

 

CriTech
Research, Inc.

 

1705
Woodland Drive East, Suite 100

 

Saline,
MI 48176

 

A
notice shall be effective on the date of receipt.

 

17.            

Benefit. This Agreement shall be binding
upon the parties, and upon their heirs, administrators, executors,
successors and permitted assigns. Further, the parties agree to
execute any additional instruments which may be necessary or proper
to carry out the intents and purposes of this
Agreement.

 

18.            

Entire Agreement. This Agreement
constitutes the entire understanding of the parties with respect to
the subject matter hereof and supersedes entirely any prior written
or oral agreements.

 

19.            

Modification. No change or modification
of this Agreement shall be valid unless the same is in writing and
signed by all of the parties.

 

 

3

 

 

20.            

Waiver. The failure by a party to this
Agreement to enforce any covenant hereof or to seek any remedy
available hereunder following a noncompliance with or a breach of
this Agreement shall not operate as a waiver of such covenant or
remedy either as to the first or any subsequent noncompliance or
breach.

 

21.            

Headings. The headings contained in this
Agreement have been added for convenience only and shall not be
construed as limiting.

 

22.            

Arbitration; Injunctive Relief.
 Except for the
injunctive relief allowed by the Non-Disclosure/Confidentiality
Agreement referred to in Section 9, and the right to file a third
party action for indemnity or otherwise in a litigation filed by
others, any controversy or claim arising out of, or relating to
this Agreement or the breach hereof, or of the interpretation
hereof, shall be settled by arbitration in accordance with the
Rules of the American Arbitration Association; and judgment on the
award rendered in such arbitration shall be final and may be
entered in any court having jurisdiction thereof. The arbitration
hearing shall take place in Ann Arbor, Michigan. The arbitrator
shall be entitled to award reasonable attorney’s fees and
expenses to the prevailing party. In no event shall the demand for
arbitration be made after the date when institution of legal or
equitable proceedings based on such claim, dispute or other matter
in question would be barred by the applicable statute of
limitations except, if a party has filed a court action within the
period allowed by the applicable statute of limitations, that party
may file a demand for arbitration as to some or all of the claims
of that action if requested to do so by the other party or ordered
to do so by a court, and the opposing party may file a demand for
arbitration with respect to some or all of the claims of that
action, as otherwise permitted by law or ordered by a court. This
agreement to arbitrate shall be specifically enforceable under the
prevailing arbitration law.

 

23.            

Invalid Provision. The invalidity or
unenforceability of any particular provision of this Agreement
shall not affect the other provisions hereof, and the invalid or
unenforceable provision shall be given effect to the extent
permitted by law.

 

24.            

Governing Law. The validity, performance
and construction of this Agreement shall be governed by the laws of
the State of Michigan. Jurisdiction and venue for any litigation
that arises out of this Agreement shall be in state courts in
Washtenaw County, Michigan, or in Federal District Court for the
Eastern District of Michigan.

 

25.            

Publicity. Neither Party may issue press
releases or make additional information regarding the business
relationship between the Parties publicly available unless is shall
have first obtained the consent of the other Party.

 

 

IN
WITNESS WHEREOF, the parties have signed this Agreement on the day
and year first above written.

 

 

	

CRITECH RESEARCH,
INC.   

	

 

	
ENDRA LIFE SCIENCES	

 

	
 

	
 

	

 

	

 

	
 

	

 

	
By:

	
/s/
Robert J.
Rajewski 

	

 

	

By:

	
/s/Francois
Michelon

	

 

	
 

	Robert J.
Rajewski	

 

	

 

	Francois
Michelon	

 

	
Its:

	
President     

	

 

	

Its:

	
CEO

	

 

	
Date:

	

24
October 2017

	

 

	

Date:

	
24 October
2017

	

 

 

 

4

 

 

Exhibit A

 

PROJECT
ASSIGNMENTS

 

 

 

5

 

 

 

	

CRITECH RESEARCH INC.  

	

Document

CRI-CCNNN-PA-0100

	

Page
1 of 6

<<Baseline
Date>>

	
 

	
 

	

 

CLIENT

 

<<Project
Name>>

 

Project
Assignment

CriTech
Research, Inc

Copyright ©
2002

  

	

 

Contact

<<AUTHOR>>

CriTech
Research, Inc.

1705
Woodland Drive East, Suite 100

Saline, Michigan
48176

734-668-0005

  

	
Approvals 

	
 CriTech
Research, Inc.

	
 Client

	
 

	
 

 

 

 

6

 

TABLE OF CONTENTS

 

	

EXECUTIVE SUMMARY

	

10

	

PROPOSAL SCOPE

	

11

	

RISKS

	

11

	

FACILITIES/RESOURCES

	

12

	

Revision History

	

13

 

 

 

 

 

7

 

 

EXECUTIVE
SUMMARY

 

CriTech
Research proposes to perform a <<Project Name>> for
CLIENT.

 

CriTech
Research proposes to perform the following tasks using an IEEE
compliant process:

 

 

1.

Description of the
tasks to be performed

 

 

The
effort is estimated to have an N-month duration, with a start date
agreed upon by CriTech Research and CLIENT. The project has an
estimated total cost of $TBD. The estimate includes $TBD for the
cost of travel for one to two engineers monthly to CLIENT for
status and issue meetings.

 

CLIENT
shall provide engineers and domain experts to provide information
during the project in order for CriTech to create the best possible
product.

 

This
proposal is effective for fifteen days from the date on the cover
sheet. After that time, CriTech Research reserves the right to
re-plan and re-quote the activity based upon available
staffing.

 

 

8

 

 

PROPOSAL
SCOPE

 

TASK
DESCRIPTIONS

 

The
“<<Project Name>> - Statement of Work”,
CRI-CCNNN-SOW-0100, dated DD MONTH YYYY, provides a detailed list
of the specific tasks to be performed as part of the
effort.

 

DELIVERABLES

 

The
“<<Project Name>> - Statement of Work”,
CRI-CCNNN-SOW-0100, dated DD MONTH YYYY, provides a detailed list
of the specific deliverables to be developed as part of the
effort.

 

CriTech
Research shall deliver one copy of each of the deliverables.
Further replication of the deliverables shall be the responsibility
of CLIENT. Each of the items will be delivered in hard copy and
electronic copy, where possible.

 

MILESTONES

 

CriTech
Research estimates the following milestones for this
effort:

 

	

Milestone

 

	

Responsibility

 

	

Project
start

 

	

CriTech/Client

 

	

Deliver
PMP

 

	

CriTech

 

	

Status
Reports (weekly)

 

	

CriTech

 

	

Teleconferences
(weekly)

 

	

CriTech/Client

 

	

Project
Deliverables (TBD)

 

	

CriTech

 

	

Project
completed

 

	

CriTech/Client

 

 

CriTech
Research will provide periodic schedule updates and estimates to
complete the effort.

 

LINE
ITEMS

 

CriTech
Research recommends the following line items be placed on the
Purchase Order:

 

	

Line
Item

	

Hours

	

Rates

	

Cost

	

Labor

	
 

	
 

	
 

	

    Software
Engineer

	

   staff-hours

	

$TBD
per hour

	

$
TBD

	

Travel
& Materials

	

N/A

	

At
Cost

	

$
TBD

	

Total

	

TBD
man-hours

	
 

	

                $
TBD

 

 

9

 

 

START
WORK CONDITIONS

CriTech
Research will start work under the following
conditions:

 

 

RISKS

 

 

Initial
risk analysis has been completed for this program. Table 1.0
provides a summary of the technical and schedule risks, which have
been identified at this point in the planning process.

 

	
 

	

Risk Description

	

Possible Causes

	

Preventative Actions

	

Contingency Plans

	

Priority

	
1. 

	

TBD

	

TBD

	

TBD

	

TBD

	

TBD

 

Table 1.0 Risk Summary

 

General
Assumptions

 

The
following assumptions are included in this estimate:

 

CONSTRAINTS

 

TBD

 

FACILITIES/RESOURCES

 

 

CRITECH
RESEARCH

 

CriTech
Research shall provide the following facilities for the duration of
this activity:

1.

TBD

 

CUSTOMER

 

CLIENT
shall provide the following resources for this
activity:

1.

TBD

 

 

10

 

 

Revision
History

 

 

	

VERSION NUMBER

	

DATE

	

WHO

	

COMMENTS

	

CRI-CCNNN-PA-0100

	

DD
MONTH YYYY

	

TBD

	

Original Release

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

 

 

 

 

 

 

 

11

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