Common use of INTELLECTUAL Clause in Contracts

INTELLECTUAL. Property The disposal, sale, assignment or granting of any rights in the Company’s intellectual property outside of the normal course of business. The granting of any rights (by licence or otherwise) in or over any intellectual property owned or used by the Company in the normal course of business Where necessary to effect decisions delegated as above: One director – up to £20,000 Two or more directors – between £20,000 and £100,000

INTELLECTUAL. Property The disposal, sale, assignment or granting of any rights in the Company’s intellectual property outside of the normal course of business. The granting of any rights (by licence or otherwise) in or over any intellectual property owned or used by the Company in the normal course of business Where necessary to effect decisions delegated as above: One director – above up to £20,000 Two or more directors – between £20,000 and £100,000100,000 Matters Reserved Matters for Shareholder Approval Matters Delegated for Board Approval Matters Delegated for Executive Approval business.

INTELLECTUAL. Property The disposal, sale, assignment or granting of any rights in the Company’s intellectual property outside of the normal course of business. The granting of any rights (by licence or otherwise) in or over any intellectual property owned or used by the Company in the normal course of business and Where necessary to effect decisions delegated as above: One director – above up to £20,000 Two 50,000 Reserved Matters for Member Approval Matters Delegated for Board Approval Matters Delegated by the Board for Approval by individual Directors or more directors – between another named employee or officer of the Company business. which are valued at £20,000 and £100,00050,000 or less.

INTELLECTUAL. Property The disposal, sale, assignment or granting of any rights in the Company’s intellectual property outside of the normal course of business. The granting of any rights (by licence or otherwise) in or over any intellectual property owned or used by the Company in the normal course of business Where necessary to effect decisions delegated as above: One director – above up to £20,000 Two 100,000 Matters Reserved Matters for Shareholder Approval Matters Delegated for Board Approval Matters Delegated by the Board for Approval by individual Directors or more directors – between £20,000 and £100,000another named employee of the Company outside of the normal course of business. in the normal course of business