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3.1. TERM. This Agreement is effective on .11/1/2020 ("Effective Date") and will terminate on <br /> 10/31/2021 unless sooner terminated in accordance with this Section 3 ("Term"). The Parties may <br /> extend the Term by written amendment. <br /> 3.2. TERMINATION FOR CONVENIENCE. Either Party may terminate this Agreement for convenience by <br /> providing 60 days'advance written notice to the other Party. <br /> 3.3. TERMINATION FOR BREACH. Upon 'material breach, the aggrieved Party may terminate this <br /> Agreement provided that the breaching Party fails to cure the breach within 30 days after receipt of <br /> written notice.This remedy is in addition to any other remedies available at law. <br /> 3.4. IMMEDIATE TERMINATION. Either Party may terminate this Agreement effective immediately upon <br /> notice to the other if: (a)the Parties cannot agree on an acceptable successor Principal Investigator, (b) <br /> SPONSOR has been declared insolvent, ceases (or threatens to cease) to carry on its business; or an <br /> administrator or receiver has been appointed over all or part of its assets; (c)SPONSOR's failure to pay <br /> promptly;or(d)either Party is debarred or excluded from participating in any government program. <br /> 3.5. EFFECT OF TERMINATION. If SPONSOR terminates this Agreement for convenience, SPONSOR will <br /> pay for all Research Costs incurred through the date of termination, including all non-cancelable <br /> obligations, even though the obligations may extend beyond the termination date. For any other <br /> termination, SPONSOR will pay UNIVERSITY for all Research Costs incurred through the termination <br /> date.Termination will not affect the Parties'rights and obligations accrued prior to termination. <br /> 4.0. CONFIDENTIAL INFORMATION <br /> 4.1. CONFIDENTIALITY OBLIGATION. Each Party will advise its employees to use reasonable efforts to <br /> hold in confidence all proprietary infor on received from the other Party in connection with the <br /> Research that the disclosing Party intends to remain secret from third parties on the grounds that its <br /> disclosure would either cause the disclosing Party competitive harm or waive a privilege granted by law <br /> ("Confidential Information"); provided, however, that each Party may share Confidential Information <br /> with third parties to the extent necessaryo perform the Research under terms consistent with this <br /> Agreement. For written disclosures, the Party disclosing Confidential Information will mark the <br /> information "Confidential" at the time of disclosure. For oral or visual disclosures, the Party disclosing <br /> Confidential Information will designate the information "Confidential" at the time of disclosure and <br /> confirm such designation in writing to the other Party no later than 30 days after disclosure. Except as <br /> provided in Section 6.2, each Party's obligation of confidentiality shall extend for three years from <br /> disclosure and shall not apply to information that:(a)was in recipient's possession on a non-confidential <br /> basis prior to receipt from disclosing Party; (b)is in the public domain or is general or public knowledge <br /> prior to disclosure, or after disclosure, enters the public domain or becomes general or public <br /> knowledge through no fault of recipient; (c) is properly obtained by recipient from a third party not <br /> known to be under a confidentiality obligation to disclosing Party; (d) is explicitly approved for release <br /> by written authorization of disclosing Party; (e) is or has been developed by recipient independent of <br /> recipient's access to disclosing Party's Confidential Information; or(f) is required by law or court order <br /> to be disclosed. In no event will either Party be in breach of this Agreement for its good faith compliance <br /> with applicable law. <br /> 4.2. RESPONSE TO INFORMATION REQUESTS. If UNIVERSITY receives a request under the Illinois Freedom <br /> of Information Act or a request by legal process or administrative order to disclose Confidential <br /> SPA Form <br /> Updated 06012018 <br /> Page 3 of 9 <br />