Common use of Down Payments Clause in Contracts

Down Payments. Section 6.1. of the Agreement shall be amended and read as follows: 6.1. As consideration for the rights and licenses hereunder, EVOTEC shall pay to ROCHE a down payment in the amount of 6 Million US Dollars (US$6 Mio) payable before December 31, 2005 (“First Payment”). In addition, EVOTEC shall pay to ROCHE a second down payment in the amount of 2 Million US Dollars (US$2 Mio) payable before April 30, 2007 (“Second Payment”).”

Down Payments. Section 6.1. of the Agreement shall be amended and read as follows: 6.1. As consideration for the rights and licenses hereunder, EVOTEC shall pay to ROCHE a down payment in the amount of 6 Million US Dollars (US$6 Mio) **** payable before December 31, 2005 (“First Payment”). In addition, EVOTEC shall pay to ROCHE a second down payment in the amount of 2 Million US Dollars (US$2 Mio) **** payable before April 30, 2007 (“Second Payment”).”