THE UNIVERSITY OF MICHIGANOption Agreement • February 11th, 2019
Contract Type FiledFebruary 11th, 2019This proposed option agreement (“Agreement”) falls under the State of Michigan Conflict of Interest Statute because Professor Nicholas Kotov is both an employee of the University of Michigan (“University”) and a partial owner of Advanced Lidar Semantics, Inc. The law permits such an Agreement provided it is disclosed to the Board of Regents (“Regents”) of the University of Michigan and approved in advance by a 2/3 vote.