RELEASE CONTRACT NO. BB-425 TASK 5

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP67B00074R000500210015-4
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 21, 2016
• Document Release Date: January 5, 2009
• Sequence Number: 15
• Publication Date: May 3, 1965
• Content Type: REPORT

Approved For Release 2009/01/05: CIA-RDP67B00074R000500210015-4
Pursuant to the terms of Contract NO. BB-425 Task 5 and in consideration of the sum
of sixteen thousand, one hundred sixty-seven dollars and fourteen cents
which has been or is to be paid under the said contract to Itek Corporation,
10 Maguire Road, Lexington, Massachusetts, (hereinafter called the Contractor) or its
assignees, if any, the Contractor, upon payment of the said sum by the United States
of America (hereinafter called the Government) does remiss, release and discharge
the Goverment, their officers, agents and employees of and from all liabilities,
obligations, claims and demands whatsoever under or arising from the said contract,
except:
Contract No. BB-425 Task 5
1. Specified claims in stated amounts or in estimated amounts where the
amounts are not susceptible of exact statement by the Contractor, as follows:
2. Claims, together with reasonable expense incidental thereto, based upon
the liabilities of the Government to third parties arising out of the per-
formance of the said contract which are not known to the Contractor on the
date of the execution of this release and of which the Contractor gives
notice in writing to the Government within the period specified in the said
contract.
3. Claims for reimbursement of costs (other than expenses of the Contractor
by reason of its indemnification of the,Government against patent liability),
including reasonable expenses incidental thereto, incurred by the Contractor
under the provisions of the said contract relating to patents.
The Contractor agrees, in connection with patent matters and with claims which are
not released as set forth.above, that it will comply with all of the provisions of
the said contract, including without limitation those provisions relating to
notification to the Government and relating to the defense or prosecution of
IN WITNESS TRBOF, this releasQ has been executed this third day of
av 1QAF
litigation.
ITBK CORPORATION
BY STAT
TITLE Corp Controller
certify that I am the Secretary
(Official Title)
STAT
of the corporation named as Contractor in the foregoing release; that *
who signed said release, on behalf of the Contractor, wasl STAT
then Corp Controller of said corporation; that said release was duly sign d
(Official Title)
for and in behalf of said corporation by authority of its governing body and is
within the scope of its corporate powers.
STAT
(CORPORATE SEAL) SPECIAL HANDLING
Approved For Release 2009/01/05: CIA-RDP67B00074R000500210015-4
 Approved For Release 2009/01/05: CIA-RDP67B00074R000500210015-4
yr 16b1MWTF1J611V VL11V
t K`"' ASSIGNMENT OF REFUNDS. REBATES AND ( EDIT$
Contract No.BB-425 Task 5
Pursuant to the terms of Contract No. BB-425 Task 5 and in consideration of the
reimbursement of costs and payment of fee, as provided in the said contract and
any dasignment thereunder, Itek Corporation, 10 Maguire Road, Lexington,
Massachusetts, (hereinafter called the Contractor) does hereby:
1. Assign, transfer, stet over and release to the*'United States of America
(hereinafter called the Government) all right, title and interest to all
refunds, rebates, credits or other amounts (including any interest thereon)
arising out of the performance of the said contract, together with all the
rights of action accrued or which may hereafter accrue thereunder.
2. Agree to take whatever action may be necessary to effect prompt collec-
tion of all refunds, rebates, credits or other amounts (including any
interest thereon) due, or which may become due, and to promptly forward
to the Government checks (made payable to the Treasurer of the United
States) for any proceeds so collected. The reasonable costs of any such
action to .ffect collection shall constitute allowable costs when approved
by the Contracting Officer as stated in the said contract and may be applied
to reduce any amounts otherwise payable to the Government under the terms
hereof.
3. Agree to cooperate fully with the Government as to any claim or
suit in connection with refunds, rebates, credits, or other amounts
due (including any interest thereon); to execute any protest, pleading,
application, power of attorney or other papers in connection th&rewith;
and, to permit the Government to represent it at-any hearing, trtil or
other proceeding arising out of such claim or suit.
IN WITNESS WHEREOF, this assignment has been executed this third day
of May , 1965,,_
ITBR CORPORATION
BY
TITLE Corp Controller
I,_~ L-, certify that I am the 'Secretary
STAT>;
` , who signed said release on behalf of the Contractor, STAT
was en Corv Controller of said corporation; that said release was duly
Official Title
signed for and in behalf of said corporation by authority of its governing body
and is within the scope of its corporate powors.
of the cow oration named as Contractor in th,e foregoing assignment; that
Official Title
STAT
(CORPORATE SEAL)
Approved For Release 2009/01/05: CIA-RDP67B00074R000500210015-4
 Approved For Release 2009/01/05: CIA-RDP67B00074R000500210015-4
SPECIAL HANDLING
SETTLEMENT CLA114
PROJECT 9050
Fiscal
Fiscal
Grand
1962
1963
Total
Engineering
968.0
.5*
968.5
Total Direct Labor
Hours 968.0
.5
968.5
Engineering
5211.29
2.39
5213.68
Total Direct Labor
DDblars 5211.29
2.39
5213.68
Engineering
7123.83
3.75
7127.58
Total Labor Overhea
3
d 71238
3.75
7127.58
Material
83
61.38
49.78
111.16
Travel
155.08
---
155.08
Tel 3 Tel
2.42
---
2.42
Overtime Premium
29.89
---
29.89
Other Direct Labor
384.62
---
384.62
Sub-Total
12968.51
55.92
13024.43
G & A
1656.08
6.63
1662.71
14624.59
62.55
14687.14
Rates Applied:
*Overhead - Gov't Systems
Overhead - Engineering 136.70%
157.03
G & A 12.779
11.85%
a~o 4~z~r~:.. 6 .ltd ~;/'...aJ
Approved For Release 2009/01/05: CIA-RDP67B00074R000500210015-4