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2.2. PAYMENT SCHEDULE. SPONSOR will pay to UNIVERSITY the Research Costs in U.S. dollars as <br /> follows: <br /> ❑ This is a cost-reimbursement agreement. No more frequently than monthly, UNIVERSITY will <br /> submit invoices to SPONSOR evidencing the actual Research Costs described in Exhibit B("Budget") and <br /> Incurred by UNIVERSITY in performing the Research. SPONSOR will pay the full amount due within 30 <br /> days from its receipt of an invoice. <br /> ® This is a fixed-price agreement. Within 30 days of the Effective Date, SPONSOR will pay <br /> UNIVERSITY$7,726 and thereafter as follows: by March 1, 2021 $7,726, by July 1, 2021$7,726, and by <br /> November 1,2021$7,727 for total compensation of$30,905. <br /> 2.3. REMITTANCE. SPONSOR will pay UNIVERSITY through one of the following payment options: <br /> (a)By check made payable to the"University of Illinois"and mailed to: <br /> University of Illinois at Urbana-Champaign <br /> Sponsored Programs Administration,Post-Award <br /> 28392 Network Place <br /> Chicago,IL 60673-1283 <br /> U.S.A. <br /> (b)By Automated Clearinghouse("ACH")sent to UNIVERSITY's bank account: <br /> Financial Institution JP Morgan Chase Bank,N.A. <br /> Address 10 South Dearborn <br /> Chicago,IL 60603-2300 USA <br /> Nine-Digit Routing Transit Number 071000013 <br /> Depositor Account Title The Board of Trustees of the University of Illinois, <br /> EDI Receipts and Federal Depository <br /> Depositor Account Number 616002911 <br /> Type of Account Checking <br /> (c)Domestic/International Wire. By Wire transfer sent to UNIVERSITY's bank account: <br /> Financial Institution JP Morgan Chase Bank,N.A. <br /> Address 4 New York Plaza,FI 15 <br /> New York,NY 10004 <br /> Nine-Digit Routing Transit Number 021000021 <br /> Depositor Account Title The Board of Trustees of the University of Illinois, <br /> EDI Receipts and Federal Depository <br /> Depositor Checking Account Number 616002911 <br /> Swift Code: CHASUS33XXX <br /> Type of Account: Checking <br /> 3.0. TERM AND TERMINATION <br /> SPA Forth <br /> Updated 06012018 <br /> Page 2 of 9 <br />