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Where the Customer is authorized by the Exchange to act as a Redistributor (via acceptance of the Customer\u2019s appropriate Order), such Redistributor is hereby licenced for the duration of this Agreement only on a non-exclusive, non-assignable, revocable, worldwide basis to re-distribute the Data to End Customers. The Redistributor's licence includes only the right to use, store, process, reproduce, make available and re-distribute the Data as part of the Redistributor's services in accordance with the Terms of this Agreement. For the avoidance of doubt, the Redistributor shall not do anything and has no rights in respect of the Data other than expressly granted in this Agreement.\n3.2 The Redistributor undertakes, inter alia, to prohibit the re-distribution, re-sale or sublicensing of Data in its contract with End Customers, to advise the Exchanges immediately if it becomes aware of any breach of such prohibition by an End Customer and to promptly enforce the contract on request by the Exchange in the event the Exchange becomes aware of any re-distribution, re-sale or sublicensing of Data by an End Customer without the prior written consent of the relevant Exchange.\n3.3 The Customer (whether authorized to act as a Redistributor or not) may provide the Data to its Subsidiaries, provided, for the avoidance of doubt, such Subsidiary is listed on the Order or has been notified in writing to the Exchange prior to the supply of any Data to it. 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Your Product as licensed is subject to change and will evolve along with the rest of the PayPal system; see section 9.\n1. 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No licence to use any Intellectual Property is granted or implied to either Party except the rights expressly granted in this Agreement.\n2.3 The Licencee hereby grants CRT (a) a non-exclusive, fully paid up, sub-licensable, worldwide, licence to use the Licenced Intellectual Property and knowhow to enable CRT to grant the rights necessary for the Existing Evaluating Company to evaluate the Licenced Materials to the extent necessary for such Existing Evaluating Company to complete its evaluation of the Licenced Materials and; (b) a non-exclusive, fully paid up, sub-licensable, worldwide, perpetual, irrevocable, licence to use the Licenced Intellectual Property for non-commercial academic research use. If CRT becomes aware of any Patents related to the Licenced Products arising from such evaluation or non-commercial academic research use rights granted under this clause 2.3 (\u201cNew IP\u201d), CRT shall use reasonable efforts to make the Licencee aware of such New IP and to the extent CRT controls such New IP and the New IP is unencumbered, CRT shall, if requested by the Licencee in writing, enter into good faith negotiations with the Licencee to grant a Licence to such New IP on terms to be agreed and consistent with pharmaceutical industry standards.\n2.4 The Licencee shall be entitled to grant sub-licences (through multiple tiers) in respect of the rights granted under this Agreement, provided that with respect to any sub-licence granted to an entity:\n2.4.1 prior to grant it informs CRT in writing of the terms of any sub-licence proposed to be entered into and the identity of the proposed Sub-Licencee. The Licencee undertakes to contractually oblige any Sub-Licencee to whom it sub-licences any such Licenced Products and/or the Licenced Intellectual Property to give an undertaking which substantially replicates the one set out in this Clause 2.4.1 i.e. prior to grant it informs CRT in writing of the terms of any sub-licence proposed to be entered into and the identity of the proposed Sub-Licencee;\n2.4.2 any sub-licence granted by the Licencee shall be expressed to terminate automatically on the termination of this Agreement for any reason. In the event this Agreement is terminated for any reason, including but not limited to breach or insolvency, CRT will negotiate with any such sub-Licence holder to obtain a direct licence under CRT\u2019s rights in the Licenced Products and/or the Licenced Intellectual Property to the extent such terms and conditions arise from or apply to the grant of rights and Licences from the Licencee to sub-Licencee under the any sub-Licence agreement, including all payment and termination provisions of the CRT Agreement (the \u201cStand-By Licence\u201d). The Stand-By Licence will be concluded under similar terms and conditions as the ones granted initially to the Licencee under this Agreement, except for the provisions otherwise to be negotiated or agreed in principal in good faith with any such sub-Licencee; provided, that CRT will grant such rights and Licences only after this Agreement first terminates or otherwise ceases to be in effect for any reason, whether or not in connection with any laws governing an insolvency, reorganization, bankruptcy, liquidation or winding up of the Licencee as applicable. Nothing in this clause 2.4.2 shall affect, modify or diminish in any way, any of CRT\u2019s rights or remedies relating to breaches of this Agreement by the Licencee.\n2.4.3 the Licencee shall ensure that there are included in the terms of any sub-licence substantially equivalent obligations and undertakings on the part of the Sub-Licencee to those applying to the Licencee in this Agreement (except this Clause 2.4.3 including Clause 3 (performance), Clause 7.11 (patent enforcement), Clause 9.1 (indemnity), Clause 12 (confidentiality) and Clause 14.1.7 (CRT\u2019s rights on termination) and shall further ensure that all Sub-Licencees duly comply with the same;\n2.4.4 within [***] of the grant of any sub-licence by the Licencee, the Licencee shall provide CRT with a copy of such sub-licence at the Licencee\u2019s expense, which copy may be redacted of information that is reasonably not related to the Licencee\u2019s obligations hereunder; and\n2.4.5 no sub-licence shall be granted to a Tobacco Party; and\n2.4.6 the sub-licence shall be entered into on an arms-length basis reflecting the market value of the rights granted. The foregoing obligations shall not apply in relation to contracts the Licencee enters into with Third Party Service Providers, provided that: (a) such contracts relate to the provision of services to the Licencee or a Sub-Licencee in connection with the Licenced Products; and (b) no rights are granted to the Third Party Service Provider to: (i) research, develop or manufacture its own products; or (ii) sell the Licencee\u2019s Products.\n2.5 Any breach of Clause 2.4 shall be deemed to be a material breach.\n2.6 The grant of any sub-licence shall be without prejudice to the Licencee\u2019s obligations under this Agreement. 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