Common use of Consideration for Amendment Clause in Contracts

Consideration for Amendment. As partial consideration for the addition of certain Patent Rights set forth on Exhibit A of this Amendment: a. Company shall pay to Broad a nonrefundable payment of Ten Thousand Dollars ($10,000) within [***] of the Amendment Effective Date; and b. Company shall reimburse Broad for all unreimbursed, documented, out-of-pocket expenses incurred by Broad prior to the Amendment Effective Date with respect to the Prosecution of such added Patent Rights, which Broad estimates as equal to [***], within [***] after the Amendment Effective Date; provided that if the actual amount of such expenses exceeds such estimate, then Company shall reimburse Broad for any unreimbursed amount within [***] of receipt of an invoice from Broad.

Consideration for Amendment. As partial consideration for the addition of certain Patent Rights set forth on Exhibit A of this Amendment: a. Company shall pay to Broad a nonrefundable payment of Ten Fifty Thousand Dollars ($10,00050,000.00) within [***] of the Amendment Effective Date; and b. Company shall reimburse Broad for all unreimbursed, documented, out-of-pocket expenses incurred by Broad prior to the Amendment Effective Date with respect to the Prosecution of such added Patent Rights, which Broad estimates as equal to [***], within [***] after the Amendment Effective Date; provided that if the actual amount of such expenses exceeds such estimate, then Company shall reimburse Broad for any unreimbursed amount within [***] of receipt of an invoice from Broad.