Consideration for Assignment. In consideration for the rights which Assignee shall receive pursuant to this Assignment: (a) Empyrean Diagnostics, Ltd, shall transfer to Assignor one hundred thousand (100,000) shares of its restricted common stock (the "Stock"); and (b) Assignee shall pay to Assignor five percent (5%) of all net sales of the products in Canada pursuant to the Distribution Agreement. Royalties to be paid quarterly, 30 days after the end of each quarter. "Net sales" shall be defined as the total gross sales of the products to be sold pursuant to the Distribution Agreement at the invoice selling price, net of normal and reasonable cash, trade and quantity discounts and returns for credit, and without deductions for costs incurred in manufacturing, selling, distributing or advertising or for uncollectible accounts.
Consideration for Assignment. In consideration for the assignment of the rights of Optron, Xxxxxxxx and US Nuclear to Xxxxxxxxx under the SPA, Xxxxxxxxx had agreed to perform the respective duties and obligations of Optron, Xxxxxxxx and US Nuclear under the SPA. The Parties acknowledge that the consideration was sufficient and adequate, and performed by the Parties with no qualification or objection.
Consideration for Assignment. Assignor and Assignee represent and warrant that there are no additional payments of rent or any other consideration of any type which has been paid or is payable by Assignee to Assignor in connection with the Assignment.
Consideration for Assignment. At COMPANY’s option the COMPANY may pay LICENSOR for the execution and delivery of the ASSIGNMENT of the PATENT RIGHTS, under SECTION 2. GRANT OF RIGHTS, Subparagraph 2.8 Transfer of Ownership, as set forth therein, as the Consideration for ASSIGNMENT (i) two million five-hundred thousand dollars ($2,500,000);(ii) six hundred forty seven thousand five hundred (647,500) shares of common stock of Midwest Energy Emissions Corp. (such shares the “ADDITIONAL LICENSOR SHARES”) to LICENSOR; and two-hundred seventy seven thousand five hundred (277,500) shares of common stock of Midwest Energy Emissions Corp. (such shares the “ADDITIONAL INENTOR SHARES”) to each INVENTOR, such shares issued to each INVENTOR in accordance with the table immediately following. INVENTOR name Number of shares of common stock of Midwest Energy Emissions Corporation Percentage of issuance of shares of common stock of Midwest Energy Emissions Corporation Xxxx Xxxxxxx 94,350 34 % Xx Xxxxx 94,350 34 % Xxxx Xxxxxx 83,250 30 % Ye Zhaung 5,550 2 % The common stock component of the Consideration shall be issued within 30 days of the date of ASSIGNMENT. Such payment may be executed at any time beginning January 1, 2015, and its acceptance will not be withheld by LICENSOR. Upon payment of the cash consideration, LICENSOR must execute an ASSIGNMENT of the PATENT RIGHTS to COMPANY for the INTELLECTUAL PROPERTY associated with Appendix A attached. The common stock component of the Consideration shall be subject to the RECIPIENT AGREEMENT, and shall be fully paid and non-assessable.
Consideration for Assignment. In partial consideration of Assignor's agreements and covenants contained herein, Assignee shall execute and deliver to the Assignor concurrently
Consideration for Assignment. In consideration for the Acquired Royalty Payments, on the Closing Date:
Consideration for Assignment. The consideration for any such assignment shall be the issue to CARE21 of membership interests in MBTH at a price per MBTH share of:
Consideration for Assignment. The aggregate consideration for the Contributed Assets shall be $1,187,500,000 (the “Purchase Price”). Landlord shall pay the Purchase Price in the following manner (a) Assumption of the Assumed Debt by the Landlord pursuant to the Assumption Agreement, (b) Issuance of $300,000,000 in the aggregate of Units by the OP, which shall be valued at the Reference Price (such Units being issued in connection with the transactions contemplated hereby, the “Issued Units”), and (c) payment of the balance of the Purchase Price in cash.
Consideration for Assignment. 2.1 As consideration for the assignment of the Inventions and the Technology, and in addition to his assumption of certain obligations under paragraph 1.3 hereof, Dr. Xxxxx xxx entered into the Termination and Release Agreements pursuant to which he has released LXR from certain obligations and claims and has agreed to a termination of the Consulting Agreement dated July 29,
Consideration for Assignment. At COMPANY’s option the COMPANY may pay LICENSOR for the execution and delivery of the ASSIGNMENT of the PATENT RIGHTS, under SECTION 2.
