Common use of Consideration for Amendment Clause in Contracts

Consideration for Amendment. In consideration for Geron's agreement to amend the License Agreement as described in Section 1, Transgenomic agrees to pay Geron, in cash, the sum of {***} Dollars (${***}) and to purchase three hundred and ten thousand shares (310,000) shares of Geron's Common Stock, at a price equal to the closing price on the date of issue of such shares, on the terms and conditions of the Stock Purchase Agreement attached as Attachment B to this Agreement, to be executed simultaneously with this Agreement.

Consideration for Amendment. In consideration for Geron's agreement to amend the License Agreement as described in Section 1, Transgenomic agrees to pay Geron, in cash, the sum of {[***} ] Dollars (${[***}]) and to purchase three hundred and ten thousand shares (310,000) shares of Geron's Common Stock, at a price equal to the closing price on the date of issue of such shares, on the terms and conditions of the Stock Purchase Agreement attached as Attachment B to this Agreement, to be executed simultaneously with this Agreement.