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 Fourth Amendment: a. Company shall pay to Broad a nonrefundable payment of Fifty Thousand Dollars ($50,000.00) (such payment, the “Fourth Amendment Issue Fee”) within [***] of the Fourth Amendment Effective Date; and b. Company shall reimburse Broad for all unreimbursed, documented, out-of-pocket expenses incurred by Broad prior to the Fourth Amendment Effective Date with respect to the Prosecution of such Patent Rights, which Broad estimates as equal to [***], within [***] after the Fourth 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 Fourth Amendment: a. Company shall pay to Broad a nonrefundable payment of Fifty One Hundred and Twenty-Five Thousand Dollars ($50,000.00) (such payment, the “Fourth Amendment Issue Fee”125,000) within [***] of the Fourth Amendment Effective Date; and b. Company shall reimburse Broad for all unreimbursed, documented, out-of-pocket expenses incurred by Broad prior to the Fourth Amendment Effective Date with respect to the Prosecution of such Patent Rights, which Broad estimates as equal to [***] Dollars ($[***]), within [***] after the Fourth 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.