Common use of Cold Process Option Clause in Contracts

Cold Process Option. Alizyme hereby grants to Prometheus an option to add the Cold Process Patents set forth in Annex A-2 to the list of Product Patents set forth in Annex A-1 (the "Cold Process Option"). The Cold Process Option shall be exercisable by Prometheus within [***] after the Effective Date of this Agreement upon written notice to Alizyme. Upon exercise of the Cold Process Option, Annex A and the Development Plan shall be amended accordingly and the Cold Process Patents shall thereafter be Exclusively licensed to Prometheus in the Prometheus Territory pursuant to Section 2.1.1 above and included as part of the Product Patents subject to such additional terms and conditions (including financial) as are required to be imposed on Prometheus under that certain [***], provided the [***] shall be disclosed and provided to Prometheus by Alizyme upon Prometheus' request. In connection with the foregoing, Alizyme shall use Commercially Reasonable Efforts to obtain, upon exe rcise of the Cold Process Option, [***] to ensure that Prometheus' rights hereunder will not terminate due to [***].