Fees For OIL Sample Clauses

Fees For OIL. SC If a business arrangement between SulphCo and any party introduced to SulphCo’s IP by OIL-SC pursuant to section 4.1 above (the “Third Party”) is created for the purpose of such Third Party using the IP, then SulphCo shall pay to OIL-SC 10% of the quarterly gross profits received by SulphCo from such Third Party relating to the arrangement concerning the IP. If a business arrangement between SulphCo and one of its potential clients is created due to SulphCo’s use of OIL-SC’s Plant as contemplated in section 4.1 above, then SulphCo shall pay to OIL-SC 2.5% of the quarterly gross profits received by SulphCo from such client relating to the arrangement concerning the IP. All fees under this section (the “Fees”) will be paid to OIL-SC by SulphCo 60 days following the end of the quarter.