Project Name: { } Project No.: { }

ASSIGNMENT OF MATERIALS OR EQUIPMENTAGREEMENT

[Buyer: Construction Contracts Administrator shall coordinate execution of Assignment upon award of construction contract to Contractor.]

TITLE AND LOCATION OF THE WORK:

NAME AND ADDRESS OF THE UNIVERSITY FACILITY:

NAME AND ADDRESS OF THE EXECUTIVE DESIGN PROFESSIONAL:

NAME AND ADDRESS OF THE CONTRACTOR:

ASSIGNMENT OF MATERIALS OR EQUIPMENTAGREEMENT

THIS AGREEMENT, made and entered onto this{ } day of{ }, 20{ } by{CONTRACTOR}, a {LEGAL ENTITY}, hereafter referred to as "Contractor," and THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, a California corporation, hereinafter referred to as "University."

RECITALS

  1. On{date} , University tendered to {SUPPLIER, a corporation}, hereinafter referred to as Supplier, a Purchase Agreement for{SERVICES},which was executed by Supplier on {DATE}. A copy of the foregoingPurchase Agreement is attached hereto as EXHIBIT "A" and shall be incorporated herein by reference; and
  2. On {DATE}, University and Contractor entered into a construction contract for{PROJECT};and
  3. Said contract required the Contractor to accept an assignment of the University's rights, duties, and obligations under thePurchase Agreement.
  4. The total amount of the Purchase Agreement is ${ }, of which $0.00 has been paid to Supplier to date.
  5. Supplier agreed to delivery of Services to the University pursuant to the attached Purchase Agreement no later than{DATE} .

NOW, THEREFORE, in consideration of the promises and acts contained therein, the parties agree with each other as follows:

  1. Contractor hereby assumes responsibility for and agrees to perform all the duties of University under thePurchase Agreement attached as EXHIBIT "A."
  2. As part of its contract with University, Contractor shall assume assignment of said Purchase Agreement and shall assume all responsibility for payment, receiving, handling, storage, transportation to job site, inspection, rigging, connecting, guarantees, bonding, and all other factors involved in producing a complete job. This assignment shall be made via this Assignment of Materials or EquipmentAgreement between University and Contractor, executed at the award of contract.
  3. University hereby assigns and transfers to Contractor all of its rights under saidPurchase Agreement including all liabilities and responsibilities of any kind to University which may have existed, exist, or may arise under saidPurchase Agreement. Contractor accepts all liabilities and obligations.

IN WITNESS WHEREOF, the parties have executed this Agreement the day and year first above written.

UNIVERSITY

THE REGENTS OF THE UNIVERSITY OF CALIFORNIA

By: {Name}

{Title}

SignatureDate

CONTRACTOR

{CONTRACTOR NAME}

By: {Name}

{Title}

SignatureDate

August 16, 2017Assignment of Materials or Equipment Agreement