1. By Page Heller President Hopes Creek

2. Licensing Objectives  Realize the Value of the Technology  Facilitate Effective Commercialization

3. Licensing Objectives  Realize the Value of the Technology Make Use of Full Patent Potential Establish Long Term Relationship  Facilitate Effective Commercialization

4. Licensing Objectives  Realize Value of the Technology Reward Inventors and University Establish Long Term Relationship  Facilitate Effective Commercialization Maximum Reach into Marketplace Remove Barriers

5. Contract Terms Up-Front Fee Milestone Payments Research Funding Royalty on Sales Cash Sharing

6. Contract Terms Up-Front Fee Milestone Payments Research Funding Royalty on Sales Cash Sharing Ownership Equity!

7. Equity Considerations  Do you want to participate in management?  Will you accept the same terms as other stockholders?  Will you accept dilution?  Do you want to participate in stock future offerings?

8. Other Creative Ideas  Nonexclusive Licensing  Tax credit for donations  Geographic limits  Quantity limits Let Hopes Creek go to work for you!