Common use of Issue Royalty Clause in Contracts

Issue Royalty. Fate will pay to Stanford a one-time, non-creditable, non-refundable license issue royalty of forty thousand dollars ($40,000) upon signing this Agreement; provided, however that the payment of ten thousand dollars ($10,000) paid by Fate under the Exclusive License Term Sheet between the parties effective October 5 2012 shall be credited against the license issue royalty due under this Agreement. * Confidential Information, indicated by [***], has been omitted from this filing and filed separately with the Securities and Exchange Commission.