Additional Technology definition
Examples of Additional Technology in a sentence
The aggregate purchase price for the Purchased Assets shall be equal to (i) the issuance to Seller of Five Million (5,000,000) shares of Parent’s Series A-2 Preferred Stock (the “Issued Shares”), (ii) the Deferred Cash Consideration, and (iii) the Additional Technology Consideration, subject to adjustment pursuant to Section 2.06 hereof (the “Purchase Price”), plus the assumption of the Assumed Liabilities.
S▇▇▇▇▇ agrees and acknowledges that any Additional Technology Consideration earned, if any, shall be considered part of the Purchase Price.
If Buyer chooses to sell, license, or monetize any Additional Technology, any costs, including but not limited to filing and legal costs and fees, for maintaining the Additional Technology shall be deducted from the gross revenues received in such sale, license, or monetization prior to dividing the net proceeds pursuant to this Section 2.06(b).
Notwithstanding anything herein to the contrary, S▇▇▇▇▇ agrees and acknowledges that nothing in this Agreement requires Buyer or any of its Affiliates to make any effort to maintain, sell, license, or monetize the Additional Technology.