IOWA STATE UNIVERSITY

Iowa State University Research Foundation, Inc.

310 Laboratory of Mechanics Telephone: 515-294-4740
Ames, Iowa 50011-2131 FAX: 515-294-0778

U. S. A.

ISURF PATENT ROYALTY DISTRIBUTION POLICY

1. All expenses directly related to the patent/license will be paid.

2. ISURF will retain 15% of the gross royalties on each patent to cover the general administrative costs incurred by the office.

3. ISURF will pay the inventor(s) 1/3 of the net royalties:

Net royalties = [gross royalties – (costs + 15% gross royalties)].

4. The college (or equivalent unit) that generated the patent will receive up to 1/3 of the net royalties generated on a patent.

5. Any debts to the university will be paid before funds are invested or returned to the university for other purposes.

6. Payments will be made annually by September 1 following the fiscal year ending June 30.

Item 4 amended and approved by the ISURF Board of Directors on June

12, 2000 and effective July 1, 2000

Items 1-5 approved by the ISURF Board of Directors on March 10, 1992

Item 6 approved by the ISURF Board of Directors on September 20, 1991