UVM INNOVATIONS FUND APPLICATION FORM Name: UVM address: Phone: Email: Brief description of the technology and the work that led to it: Amount requested (line item budget of direct costs): Proposed use of funds: (continued) UVM INNOVATIONS FUND APPLICATION FORM Page 2 Timeframe for completion of grant-related work, including anticipated milestones: Please submit your business plan as an attachment, including the following information: Executive Summary Business Definition Market Analysis Management Plan Financial Projections Outcomes and Future Direction Note: If possible, please include descriptions of your competitive strengths, weaknesses, opportunities, and threats in the plan. Submitted by: (signature) Note: It is acknowledged by signing this form that the funds granted will be invested with a Convertible Note. That means that when sufficient capital is raised, the note may be converted to either additional equity or repaid as a loan. The amount of capital to be raised shall be agreed upon prior to signing the note, as will the discount on equity conversion or interest on the loan. A copy of the Note boilerplate is available. Submit