Common use of Cash and Equity Compensation Clause in Contracts

Cash and Equity Compensation. At the Closing and in full payment for the Acquired Technology, NeuroBo shall (a) pay Dong-A five million United States Dollars (USD 5,000,000) by wire transfer to an account designated by Dong-A and (b) issue [***] ([***]) shares of common stock to Dong-A, which is [***] percent ([***]%) of all issued and outstanding shares of NeuroBo. NeuroBo shall [***] ensure that immediately after the effective time of NeuroBo’s Initial Public Offering, the ownership share of Dong-A in NeuroBo granted under this Section 3.2 is at least [***] percent ([***]%) of all issued and outstanding shares of NeuroBo.

Cash and Equity Compensation. At the Closing and in full payment for the Acquired Technology, NeuroBo shall (a) pay Dong-A five million United States Dollars (USD 5,000,000) by wire transfer to an account designated by Dong-A A, and (b) issue [***] ([***]) shares of common stock to Dong-A, which is [***] percent ([***]%) of all issued and outstanding shares of NeuroBo. NeuroBo shall [***] ensure that immediately after at the effective time of NeuroBo’s Initial Public Offeringinitial public offering, the ownership share of Dong-A in NeuroBo granted under this Section 3.2 is at least [***] percent ([***]%) of all issued and outstanding shares of NeuroBo.

Cash and Equity Compensation. At the Closing and in In full payment for the Acquired Technology, NeuroBo shall (a) shall, at the Closing, pay Dong-A five million United States Dollars (USD 5,000,000) by wire transfer to an account designated by Dong-A A, and (b) NeuroBo shall, no later than [***] days after the Closing, issue [***] ([***]) shares of common stock to Dong-A, A which is [***] percent ([***]%) of all issued and outstanding shares of NeuroBo. NeuroBo shall [***] ensure that immediately after at the effective time of NeuroBo’s Initial Public Offeringinitial public offering, the ownership share of Dong-A in NeuroBo granted under this Section 3.2 is at least [***] percent ([***]%) of all issued and outstanding shares of NeuroBo.