Common use of Contributions of Parties to Research Program Clause in Contracts

Contributions of Parties to Research Program. Contributions in the form of financial support, equipment, personnel, technology and other necessary components for the conduct of the Research Program shall be made by the parties in accordance with the terms set forth on Exhibit B attached to this Agreement, which will be completed by the parties in good faith within thirty (30) days of the Effective Date for the next twelve (12) months thereafter, and then updated by the parties in good faith for each next succeeding twelve (12) month period during the term of this Agreement. All payments due to TSRI by Sponsor shall be payable in U.S. Dollars by Sponsor in quarterly installments in advance, within ten (10) days following the dates set forth in the following payment schedule; provided, that the due dates and payment amounts set forth below may be adjusted by the parties from time to time by mutual written agreement: Due Date Amount 2/28/2015 $[***] 5/31/2015 $[***] 8/31/2015 $[***] 11/30/2015 $[***] On each anniversary of the foregoing dates during the term of this Agreement $[***] * Confidential Information, indicated by [***], has been omitted from this filing and filed separately with the Securities and Exchange Commission Each payment must reference the Research Project title, Agreement Number and Principal Investigator for purposes of identification. Payments under this Section shall be sent to: The Scripps Research Institute 00000 Xxxxx Xxxxxx Xxxxx Road, TPC-7 La Jolla, California 92037 Attn: Vice President, Sponsored Programs Fax No.: (000) 000-0000 with a copy to: The Scripps Research Institute 00000 Xxxxx Xxxxxx Xxxxx Road, TPC-9 La Jolla, California 92037 Attn: Director, Technology Development Fax No.: (000) 000-0000 TSRI shall not be obligated to perform any of the research specified herein or to take any other action required under this Agreement if the funding is not provided as set forth in Exhibit B and in accordance with the payment schedule as set forth in this Section 2.5(a). Sponsor and TSRI acknowledge and agree that as of the Effective Date, Sponsor has paid to TSRI all accrued amounts due to TSRI under the Prior Agreement.

Contributions of Parties to Research Program. Contributions in the form of financial support, equipment, personnel, technology and other necessary components for the conduct of the Research Program shall be made by the parties in accordance with the terms set forth on Exhibit B attached to this Agreement, which will be completed by the parties in good faith within thirty (30) days of the Effective Date for the next twelve (12) months thereafter, and then updated by the parties in good faith for each next succeeding twelve (12) month period during the term of this Agreement. B. All payments due to TSRI by Sponsor shall be payable in U.S. Dollars by Sponsor in quarterly installments in advance, within ten (10) days following of the dates set forth in the following payment schedule; provided, that the due dates and payment amounts set forth below may be adjusted by the parties from time to time by mutual written agreement: Due 1st payment: $ 20,000 (USD) due: Effective Date Amount 2/28/2015 $[***] 5/31/2015 $[***] 8/31/2015 $[***] 11/30/2015 $[***] On each 2nd payment: $ 20,000 (USD) due: 2 month anniversary of Effective Date 3rd payment: $ 20,000 (USD) due: 4 month anniversary of Effective Date 4th payment: $ 20,000 (USD) due: upon conclusion of the foregoing dates during Research Program and Sponsor’s receipt of a final Research Report meeting the term requirements of this Agreement $[***] * Confidential Information, indicated by [***], has been omitted from this filing and filed separately with the Securities and Exchange Commission Each payment must reference the Research Project title, Agreement Number and Principal Investigator for purposes of identification. Payments under this Section 2.4.a shall be sent to: The Scripps Research Institute 00000 Xxxxx Xxxxxx Xxxxx Road, TPC-7 La Jolla, California 92037 Attn: Vice President, Sponsored Programs Fax No.: (000) 000-0000 with With a copy to: The Scripps Research Institute 00000 Xxxxx Xxxxxx Xxxxx Road, TPC-9 La Jolla, California 92037 Attn: Director, Technology Development Fax No.: (000) 000-0000 TSRI shall not be obligated to perform any of the research specified herein or to take any other action required under this Agreement if the funding is not provided as set forth in Exhibit B and in accordance with the payment schedule as set forth in this Section 2.5(a)2.4.a. Furthermore, should Sponsor and TSRI acknowledge and agree that as of fail to make the Effective Date, Sponsor has paid first payment to TSRI all accrued amounts due in accordance with this Section 2.4.a., TSRI shall have the right to TSRI under the Prior Agreementimmediately terminate this Agreement and this Agreement shall be null and void ab initio.

Contributions of Parties to Research Program. Contributions in the form of financial support, equipment, personnel, technology and other necessary components for the conduct of the Research Program shall be made by the parties in accordance with the terms set forth on Exhibit B attached to this Agreement, which will be completed by the parties in good faith within thirty (30) days of the Effective Date for the next twelve (12) months thereafter, and then updated by the parties in good faith for each next succeeding twelve (12) month period during the term of this Agreement. B. All payments due to TSRI by Sponsor shall be payable in U.S. Dollars by Sponsor in quarterly installments in advance, within ten (10) […***…] days following of the dates set forth in the following payment schedule; provided, that the due dates and payment amounts set forth below may be adjusted by the parties from time to time by mutual written agreement: Due Date Amount 2/28/2015 1st payment: $[…***…] 5/31/2015 (USD) due: within (10) days of the Effective Date 2nd payment: $[…***…] 8/31/2015 (USD) due: January 1, 2018 3rd payment: $[…***…] 11/30/2015 (USD) due: upon completion of Year 1 Milestones as described in Exhibit A and a technical review by ChromaDex with a decision to fund year 2 4th payment $[…***…] On each anniversary of due six months after the foregoing dates during the term of this Agreement 3rd payment 5th payment: $[…***…] * Confidential Information, indicated (USD) due: upon completion of Year 2 Milestones as described in Exhibit A and a technical review by ChromaDex with a decision to fund year 3 6th payment $[…***], has been omitted from this filing and filed separately with the Securities and Exchange Commission …] due six months after payment 5 Each payment must reference the Research Project title, Agreement Number and Principal Investigator for purposes of identification. Payments under this Section 2.4.a shall be sent to: The Scripps Research Institute 00000 10000 Xxxxx Xxxxxx Xxxxx Road, TPC-7 La Jolla, California 92037 Attn: Vice President, Sponsored Programs Fax No.: (000) 000-0000 with With a copy to: The Scripps Research Institute 00000 10000 Xxxxx Xxxxxx Xxxxx Road, TPC-9 La Jolla, California 92037 Attn: Director, Technology Development Fax No.: (000) 000-0000 TSRI shall not be obligated to perform any of the research specified herein or to take any other action required under this Agreement if the funding is not provided as set forth in Exhibit B and ***Confidential Treatment Requested in accordance with the payment schedule as set forth in this Section 2.5(a2.4(a). Furthermore, should Sponsor and TSRI acknowledge and agree that as of fail to make the Effective Date, Sponsor has paid first payment to TSRI all accrued amounts due in accordance with this Section 2.4(a), TSRI shall have the right to TSRI under the Prior Agreementimmediately terminate this Agreement and this Agreement shall be null and void ab initio.