Common use of Contribution Amount Clause in Contracts

Contribution Amount. The obligations of VeraDermics to pay for the first Four Hundred Fourteen Thousand Dollars of Services (as defined in the MSA) rendered pursuant to the Work Order, other than Current Pay Development Services and out-of-pocket expenses, shall be evidenced by an unsecured convertible promissory note in the form of Appendix C (the “Convertible Note”). The principal of the Convertible Note (the “Convertible Note Principal”) shall equal the total Contribution Amount accrued in accordance with the Work Order from time to time.