NanoAxis as Fundraiser Sample Clauses

NanoAxis as Fundraiser. NanoAxis shall assist Quantum Materials to secure funds for purposes of purchasing a microreactor for biological QD production. Upon Quantum Materials securing the funds and purchasing the microreactor, Quantum Materials shall grant NanoAxis a worldwide exclusive lifetime license to use and sell QD’s produced from said specific microreactor purchased by Quantum Materials through the mutual NanoAxis and Quantum Materials fundraising efforts. The production costs of any QD produced from said microreactor will consider such funds raised. However, this license shall not impede upon appropriate Cost Plus determinations agreed upon in a later executed Inventory Purchase Agreement. Quantum Materials may grant NanoAxis a purchase price discount upon NanoAxis raising funds that lower or contribute towards Quantum Materials productions costs of QD’s.
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