Initial Grant. COMPANY shall issue to XXXXXXXXX a total of [***] shares of Common Stock of COMPANY, $0.001 par value per share, (the “Shares”) in the name of XXXXXXXXX, which shares represent the equivalent to [***] of the capitalization of COMPANY on a Fully-Diluted Basis (as defined below), after giving effect to the sale of [***] in COMPANY equity, subject to XXXXXXXXX and, to the extent XXXXXXXXX has transferred such Shares, any of its transferees (the “Xxxxxxxxx Holders”) entering into a representation letter in substantially the form attached hereto as Appendix C with respect to such issuance of shares to XXXXXXXXX and the Xxxxxxxxx Holders.
Appears in 4 contracts
Samples: Patent License Agreement, Exclusive Patent License Agreement (Rubius Therapeutics, Inc.), Exclusive Patent License Agreement (Rubius Therapeutics, Inc.)
