Document:

Letter Agreement dated November 6, 2003 with the University of Washington

  
 Exhibit 10.11

  
 [GRAPHIC] 
  
 UNIVERSITY OF WASHINGTON 
  
 Office of Research 
 Grant and Contract Services 
  
 November 6,
2003 
  
 Via facsimile 425.398.6599 
  
 Mr. Tom Mino 
 Chief Executive Officer 
 Lumera Corporation 
 19910 North Creek Parkway 
 P.O. Box 3008 
 Bothell, WA 98011-3008 
  

	Re: 	Lumera and The University of Washington 

  

	Dear	Tom: 

  
 The University values its relationship with Lumera and is willing to seek a modification of Lumera’s existing financial obligations for research support. The original agreement contemplated a finite duration of three years and payment
by Lumera of $9 million. In the discussions to date among you, Vice Provost Hogan, and me, we have jointly developed several points concerning a possible restructuring of Lumera’s payments. We would like to take the opportunity to summarize our
conversations to date and hereby agree to the following, which will be incorporated into a more complete agreement addressing, among other things, the right of first refusal set forth below: 
  

	 	•	Lumera’s existing payment obligations are reduced to $125,000 per quarter through the third quarter of 2004. 

  

	 	•	Lumera is not obligated to pay the additional payment amount set forth in Section 3.2 C. of the Second Amendment to the Sponsored Research Agreement, Research Plan, and Exclusive
License Agreement (“Second Amendment”). However, Lumera will endeavor to make this payment in 18 months unless making such payment would materially adversely affect Lumera’s ability to continue operations. 

  

	 	•	The Second Amendment is extended for one additional quarter through December 31, 2004. Lumera’s payment obligation to the University is $300,000 for the term of that additional
quarter. 

  

	 	•	Lumera anticipates that it would like the relationship with the University to continue through 2006 or 2007. However, in order for the agreement to extend beyond

  
 3935 University Way N.E./Seattle, WA
98105-6613/Telephone (206) 543-4043/FAX (206) 685-1732 
  

 December 31, 2004, the deliverables, scope of work and intellectual property rights set forth in the
agreement and the license will need to change. As we discussed, the University cannot agree to extend the existing license provisions to work conducted during any such extension. Instead, the license provisions will be revised so that they are
consistent with what other corporate partners receive. We understand that Lumera would like to preserve the first option to negotiate a royalty bearing license arising from the research it funds. We anticipate no difficulty in granting such an
option, as that is standard in the University’s corporate-sponsored research agreements. 
  

	 	•	If terms were established to extend the agreement beyond December 31, Lumera would pay $325,000 for each quarter in 2005 and $375,000 for each quarter in 2006.

  

	 	•	The statement of work and deliverables will be revised for the Second Amendment to reflect reduced funding as well as the quarters during which Lumera’s payment obligation was
reduced to $125,000 per quarter. The University can only do work consistent with the amount of Lumera’s funding. We will forward revised statements of work to you. 

  

	
	 Sincerely,

	
	 /s/ Suzanne Liv Page

	

	 Suzanne Liv Page

	 Director

	 Industry Agreements Division
 Grant and Contract
Services

  

	
	 Agreed and Accepted

	
	 /s/ Thomas D. Mino

	

	 Thomas D. Mino

	 CEO, Lumera Corporation

	
	11/6/03
	Date

  
 3935 University Way
N.E./Seattle, WA 98105-6613/Telephone (206) 543-4043/FAX (206) 685-1732 
  

 2Fourth Amendment to Sponsored Research Agreement effective April 12, 2004

 Exhibit 10.12 
  
 FOURTH AMENDMENT 
 TO 
 SPONSORED RESEARCH AGREEMENT, RESEARCH 
 PLAN, AND EXCLUSIVE LICENSING AGREEMENT 
  
 ---------- ̈ ̈ ̈---------- 
  
 This Fourth Amendment to Sponsored Research Agreement, Research Plan and Exclusive Licensing Agreement (the “Fourth
Amendment”) is entered into by and between Lumera Corporation, a Washington corporation (“Lumera”) and the University of Washington, a public institution of higher education and an agency of the State of Washington (the
“University”). 
  
 Recitals 
  
 1. The University and Lumera entered into a Sponsored Research Agreement, an Exclusive
Licensing Agreement, a Restricted Stock Purchase Agreement, and a Voting Agreement, all dated October 20, 2000 (collectively, the “October 2000 Agreements”). 
  
 2. On August 28, 2002, the University and Lumera executed an agreement amending certain of the October 2000 Agreements entitled,
“Agreement Amending Sponsored Research Agreement, Research Plan, and Exclusive Licensing Agreement” (the “First Amendment.”). 
  
 3. As part of the First Amendment, a revised Payment Schedule was agreed to as Exhibit 1 to the Amendment (the “First Amendment Payment Schedule”). Under the
terms of the First Amendment Payment Schedule, in calendar year 2003, Lumera Corporation agreed to pay the University of Washington four (4) quarterly payments of $750,000 each on January 1, April 1, July 1, and October 1, 2003. As part of the First
Amendment, the parties also agreed to a revised Research Plan, which was attached as Exhibit 3 to First Amendment (the “First Amendment Research Plan”). 
  
 4. Thereafter, Lumera and the University agreed to an additional modification of certain of the October 2000 Agreements and First Amendment
Payment Schedule and the work to be performed by the University under the First Amendment Research Plan as reflected in an agreement entitled “Second Amendment to Sponsored Research Agreement, Research Plan, and Exclusive Licensing
Agreement,” dated March 2003 (“the Second Amendment”). 
  
 5. In a
letter agreement dated November 6, 2003 (the “Third Amendment”), Lumera and the University agreed to modify certain Lumera payment obligations for 2003 and 2004. 
  

 Fourth Amendment 
 April 2004 
  

 6. The parties again desire to modify the Sponsored Research Agreement, as amended, to provide that Lumera will
reduce the level of sponsored research support, as specified herein, and the University will accordingly further reduce the scope of the Project and Project Work as described in the “Fourth Amendment Research Plan” attached hereto as
Exhibit 1. Now, therefore, the parties enter into this Fourth Amendment to Sponsored Research Agreement, Research Plan, and Exclusive Licensing Agreement. 
  
 THE PARTIES THEREFORE AGREE AS FOLLOWS: 
  

	1.0	Definitions 

  
 Unless the context clearly requires otherwise, all capitalized terms as used herein shall have the same meanings as used in the October 2000 Agreements, First Amendment and Second Amendment, providing, that the
October 2000 Agreements, as amended by the First Amendment, the Second Amendment and Third Amendment shall be referred to herein as the “Amended Agreements”. 
  

	2.0	Fourth Amendment Date 

  
 This Fourth Amendment shall be effective as of April 12, 2004 (the “Fourth Amendment Date”). 
  

	3.0	Modifications to 2003-2005 Payment Schedule 

  
 3.1 The First Amendment Payment Schedule, Sections 3.1, 3.2 and 3.3 of the Second Amendment, and the Third Amendment are hereby deleted and replaced in their entirety as
follows: 
  

					
	 QUARTER

	  	AMOUNT DUE ($)

	  	DUE DATE

	 2003 First Quarter
	  	375,000	  	March 31, 2003
	 2003 Second Quarter
	  	250,000	  	April 1, 2003
	 2003 Third Quarter
	  	125,000	  	July 1, 2003
	 2003 Fourth Quarter
	  	125,000	  	October 1, 2003
	 2004 First Quarter
	  	125,000	  	January 1, 2004
	 2004 Second Quarter
	  	125,000	  	April 1, 2004
	 2004 Third Quarter
	  	250,000	  	July 1, 2004
	 2004 Fourth Quarter
	  	250,000	  	October 1, 2004
	 2005 First Quarter
	  	375,000	  	January 1, 2005
	 2005 Second Quarter
	  	375,000	  	April 1, 2005

  

 Page 2 of 4 

 Fourth Amendment 
 April 2004 
  

 4.0 Amendments to Research Plan 
  
 The Parties acknowledge that the Research Plan as provided under the October 2000 Agreements (the “2000 Research Plan”) was
replaced by Exhibit 3 to the First Amendment (the “First Amendment Research Plan”), and that the First Amendment Research Plan was intended to be replaced with Exhibit 1 to the Second Amendment, but no such formal modification was
memorialized. Despite the lack of formal modification, the parties agreed that to the extent the University has reduced the number of University Personnel that participate in the Project Work as a result of reduced funding by Lumera, the Project
Work and scope of the Project were correspondingly reduced. With this clarification, the parties reaffirm the definition of Project Work in Section 1.18 of the Sponsored Research Agreement. Any provision in the 2000 Research Plan, the First
Amendment Research Plan, and the Second Amendment Research Plan that applies to any research activities after January 1, 2004 shall be deemed superseded by the Fourth Amendment Research Plan, attached hereto as Exhibit 1. 
  
 5.0 No Other Waivers or Modifications 
  
 Except for the matters expressly set forth in Sections 2, 3, and 4 of this Fourth Amendment,
no other covenant, term, provision, condition or agreement of the Parties set forth in the October 2000 Agreement, the First Amendment, or the Second Amendment shall be deemed to be waived, modified, or amended in any way. Except as otherwise
modified by this Fourth Amendment, the October 2000 Agreements, the First Amendment, and the Second Amendment are incorporated herein by reference. It is expressly understood that the October 2000 Agreements remain in full force and effect, except
as otherwise expressly modified by the First Amendment, the Second Amendment, and this Fourth Amendment. 
  
 Lumera Corporation by its Chief Executive Officer, Thomas D. Mino, and the University of Washington by its Vice Provost, Craig Hogan, execute this Fourth
Amendment. 
  

									
					
	 Signature
	 	/s/    Thomas D. Mino        	 	 	 	 Signature
	 	/s/    Carol Zuiches
	 	 	
	 	 	 	 	 	

	 	 	 LUMERA CORPORATION
 Thomas D. Mino
 CEO
	 	 	 	 	 	 UNIVERSITY OF WASHINGTON
 Craig Hogan
 Vice Provost for Research

	 Date 4/19/04
	 	 	 	 	 	 
	 	 	 	 	 	 	 Carol Zuiches
 Asst. Vice Provost for Research
 Executive Director, Grant and
 Contract Services

	 	 	 	 	 	 	 Date
	 	 4/22/04

  

 Page 3 of 4 

 Fourth Amendment 
 April 2004 
  

 EXHIBIT 1 TO FOURTH AMENDMENT 
  
 FOURTH AMENDMENT RESEARCH PLAN 
  
 [EXHIBIT OMITTED] 
  

 Page 4 of 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}]]