Date November 9, 2012 Mr./Ms. Company Name Address RE: Letter of Intent for AWEC Project Dear Annette von Jouanne: This Letter of Intent confirms Oregon State University’s O.H. Hinsdale Research Laboratory’s (Wave Research Lab) desire to work with Annette von Jouanne to provide testing for the AWEC project at the O.H. Hinsdale Research Laboratory facility. This Letter of Intent is not intended to be contractual in nature, but is a statement of the general terms under consideration in order to prepare for entering into a Testing Agreement in form and content satisfactory to both parties, to initiate design, and schedule/secure date/s for facility use. Services: Planned Schedule: Cost: The services that the Wave Research Lab will provide include experimental design in preparation for testing at the facility. This includes: discussions about specimen design and scale, preparation, contracting and planning for specimen construction including cost estimates; bathymetry design including type of material and/or estimated construction costs if applicable; sensor and instrumentation setup including number, type and locations; wave climate including water depths, wave types and wave heights. Design documents might include instrumentation layout drawings, specimen drawings, and a wave testing matrix to be used to estimate total testing days. Any contractor or other fees and service cost estimates will be included if applicable. 04/01//2013 through 04/12/2013 Project costs are based on full use of facility, equipment, and staff assistance. A minimum 10% or $280/day of estimated facility use is charged to each project based upon the effort of experiment design work with client prior to actual experiment occurring at the facility. Facility time will not be scheduled until the Design Fee is received. Rate: $2,800 per day Duration: 10 Day/s 10% Experiment Design Fee: $280 due upon signature Total Estimated Cost: $28,000 If no such Testing Agreement is finalized by 03/01/2013 Client understands OSU retains the Experiment Design Fee for the hours and expenses incurred. Sincerely, William McDougal Director O.H. Hinsdale Wave Research Laboratory School of Civil and Construction Engineering If you agree with and accept this Letter of Intent, please acknowledge below Project Principle Investigator ______________________________________________ _______________________ <Name> Date <Title> OSU Index ______________________