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3. Obligations of Innovation Park. During the term of this MOU, Innovation Park agrees to undertake the following, in accordance with its governing documents and guidance from its Board of Directors, which may change from time to time: 3.1 Basic Operations ("the Process "). a. Administer a commercial accelerator program housed at Innovation Park that (i) promotes the creation of translational applications emerging from research at the University of Notre Dame into the private sector, (ii) facilitates access for businesses of all sizes and stage of development to resources at the University of Notre Dame, including intellectual property, research faculty, students and equipment, and (iii) encourages the growth of new companies to "graduate" and relocate to a new location apart from Innovation Park, as appropriate and determined by client company management; b. Assist Park client company leadership to develop suitable milestones during the initial screening process, and to monitor the venture's progress in light of these milestones on a quarterly basis, with the ultimate expectation of "graduating" (exiting) from Innovation Park reflecting the need to move to more suitable facilities to scale its operations, ideally at Ignition Park or similar regional facility; C. Maintain ongoing corpmunication with Ignition Park leadership, ideally on a quarterly basis, in the spirit of collaborating on areas of mutual interest and to avoid inadvertent recruitment of prospective companies more suited to the other Park or premature conversation regarding relocation; d. Promote the potential merits and suitability of Ignition Park to client companies actively exploring relocation following graduation from Innovation Park; and e. Perform other acts as may be deemed appropriate with regard to its relationship with Ignition Park. 3.2 Compliance with Laws. Innovation Park agrees to comply with, and agrees to require in its contracts with tenants that they comply with all applicable federal, state or local laws, statutes, regulations, rules and governmental and regulatory policies. 4. City Services. Subject to the terms of this MOU, the City agrees to provide the following services to Ignition Park (the "Services "): 4.1 Personnel and Staffing. The City shall employ or contract for services with qualified individuals or companies for general staffing purposes on a full -time or part-time basis. Any personnel employed or contracted for services will have the appropriate skills to reasonably fulfill the tasks required of them by Ignition Park. 4.2 Facility. The City shall provide (or cause to be provided) Ignition Park with physical facilities for commercial ventures screened and selected by Ignition Park. 4.3 Information Technoloev Services. The City shall provide (or cause to be provided) Ignition Park with the means to procure certain information technology products and services, including access to the internet, the Metronet and certain telecommunication products in support of client commercialization activities. Ignition Park will endeavor to ensure that such IT products and services are commercially "standard" technologies such that an Innovation Park client interested in "graduating" from Innovation Park and moving directly to Ignition Park might experience a smoother and more cost effective transition. 5. Obligations of Ignition Park. During the term of this MOU, Ignition Park agrees to undertake the following, in accordance with Ignition Park's governing documents and guidance from its Board of Directors, which may change from time to time: