Common use of New Technologies Clause in Contracts

New Technologies. Subject to the bona fide rights of Third-Parties that may exist, SGI hereby grants to EOS the right to [***] as "SGI TECHNOLOGY," [***] during the Research Program Term ("New Technology"). SGI shall promptly notify EOS of any New Technology by providing a description of the New Technology, including all material terms applicable to sublicensees of the New Technology. Upon such notification, EOS may, by giving written notice to SGI at any time during the Research Program Term, [***] under this Agreement; provided that EOS will be obligated [***] as a result of EOS's development and commercialization of a Product, in addition to any milestones and royalties that are otherwise payable under this Agreement. For the purposes of clarity, the Parties acknowledge and agree that EOS shall not be obligated to pay [***]. SCHEDULE B shall be amended from time to time to add the patents and patent applications covering New Technologies and may be amended from time to time to add any new patents or patent applications covering New Technologies and Improvements related thereto and the specific terms of the SGI In-Licenses covering such New Technologies and Improvements related thereto with which EOS shall comply.