Royalty Option Clause Samples

Royalty Option. For the thirty (30) day period immediately succeeding the earlier of the approval date of the BLA or the approval date of the Intrathecal BLA, Children’s shall have the option (the “Royalty Option”), but only if it owns at the date of exercise of such option, fifty percent (50%) or more of the Shares issued in the name of Children’s pursuant to this Agreement or, after the Internal Restructuring, at least fifty percent (50%) or more of the AveXis Shares issued in the name of Children’s, to sell all, but not less than all, of its Shares or its AveXis Shares, as applicable, to Licensee or AveXis (as defined in Section 7.4), as applicable, at a price per share equal to two (2) times the price per share of common stock sold by Licensee or AveXis, as applicable, in its Series A Financing, with such consideration paid in four (4) equal quarterly installments, commencing on **** and continuing on ****. Furthermore, for the thirty (30) day period immediately succeeding the earlier of the approval date of the BLA or the approval date of the Intrathecal BLA, notwithstanding anything to the contrary in this Agreement, OSU shall also have the option (the “OSU Royalty Option”), but only if it owns at the date of exercise of such option, fifty percent (50%) or more of the OSU Shares or, after the Internal Restructuring, at least fifty percent (50%) or more of the OSU AveXis Shares (as defined in Section 7.4), to sell all, but not less than all, of its OSU Shares, or its OSU AveXis Shares, as applicable, to Licensee or AveXis, as applicable, at a price per share equal to two (2) times the price per share of common stock sold by Licensee or AveXis, as applicable, in its Series A Financing, with such consideration paid in four (4) equal quarterly installments, commencing on **** and continuing on ****. 4.3.1 If the Royalty Option is exercised in addition to the Royalty Option payment described in Section 4.3, Licensee shall pay to Children’s a non-creditable and non-refundable royalty of **** of Net Sales of Licensed Products during the Term. Furthermore, if the OSU Royalty Option is exercised, OSU shall earn royalties, payable to Children’s in accordance with the payment terms of this Agreement, on a pro rata basis according to the OSU Percentage of **** of Net Sales of Licensed Products during the Term. Under no circumstances shall the sum of the royalty payable to Children’s and the royalty earned by OSU be greater than **** of Net Sales of the Licensed Products. 4.3.2 ...

Royalty Option. In the event that VERTEX does not exercise the Bulk Supply Option or the Joint Venture Option with respect to a particular Second Opportunity Candidate or Subsequent Drug Candidate, NOVARTIS shall undertake production using its own manufacturing resources or Third Party manufacturers pursuant to the license granted in Section 2.1 of this Agreement, and shall have access to all information generated by VERTEX relating to the supply of that Bulk Drug Substance. In such event, NOVARTIS shall pay the following royalties to VERTEX (subject to the provisions of Section 6.3 providing for royalty reduction in certain instances), in lieu of the royalties set forth in Section 6.3 hereof, on Net Sales of a Drug Product containing the foregoing Second Opportunity or Subsequent Drug Candidate: [****************************************************************** ******************************************************************* *********************************************]

Royalty Option. Subject to all of the terms and conditions of this Deed and for the consideration described in this Deed, Grantor grants to Grantee the option to purchase an absolute two percent (2%) of the three percent (3%)

Royalty Option. Subject to all of the terms and conditions of this Agreement and for the consideration described in this Agreement, Rubicon grants to Claimstaker the option to purchase an absolute two percent (2%) of the three percent (3%)

Royalty Option. 3.1 Kodiak is hereby granted the sole and exclusive option to purchase up to one-third of the Royalty (i.e. 1.0%) from the Optionors for $2,000,000, such option to be exercisable until 5:00 p.m. (local time in Vancouver, B.C.) on the second anniversary of the date of exercise of the Option by notice in writing accompanied by payment of the purchase price therefor.

Royalty Option. In the event Newmont elects not to exercise the Venture Option described in Section 9 below, or elects to exercise the Venture Option but thereafter elects to not complete its Earn-In Expenditures (as described below) and provided that AuEx has not previously exercised the Buy-Out Option under Section 6 above, (i) Newmont shall transfer to AuEx all its interest in the Newmont Property by Quit Claim Deed and Assignment in the form of Exhibit E hereto, (ii) AuEx shall convey to Newmont a net smelter return royalty on production from the Property by executing and delivering to Newmont a royalty deed in the form of Exhibit F hereto (“Royalty Deed”), (iii) AuEx would pay $1,000,000 to Newmont in cash by certified check or wire transfer and (iv) this Agreement shall terminate, if it has not previously terminated under Section 9(a)(vi) below. This provision shall survive any termination of this Agreement under Section 9(a)(vi) of this Agreement, until Newmont completes its Earn-In Expenditures. The Quit Claim Deed and Assignment shall be recorded in the Pershing County records before the Royalty Deed is recorded.

Royalty Option. Owner grants to Triband the exclusive right to purchase one-half (1/2) of the Royalty representing two percent (2%) of the Net Smelter Returns. The Royalty Price for the Royalty Option shall be One Million Dollars ($1,000,000.