Common use of Common Stock Grant Clause in Contracts

Common Stock Grant. Licensee agrees to irrevocably issue to Caltech, in partial consideration of Licensee’s receipt of the licenses granted under this Agreement, 533,695 shares of common stock of Licensee (the “Shares”), representing approximately [***] of the outstanding common and preferred shares, on a fully diluted basis, of Licensee on the date of this Agreement, pursuant to an agreed-upon stock purchase agreement between Licensee and Caltech. A stock certificate representing the Shares shall be delivered to Caltech within [***] of the Effective Date.

Common Stock Grant. Licensee agrees to irrevocably issue to Caltech, in partial consideration of Licensee’s receipt of the licenses granted under this Agreement, 533,695 150,000 shares of common stock of Licensee (the “Shares”), representing approximately [***] of the outstanding common and preferred shares, on a fully diluted basis, of Licensee on the date of this Agreement, pursuant to an agreed-upon stock purchase agreement between Licensee and Caltech. A stock certificate representing the Shares shall be delivered to Caltech within [***] of the Effective Datestock.

Common Stock Grant. Licensee agrees to irrevocably issue to Caltech, in partial consideration of Licensee’s receipt of the licenses granted under this Agreement, 533,695 5,869,565 shares of common stock, representing 8% of the outstanding common stock of Licensee (the “Shares”)pursuant Alchemy Enterprises, representing approximately [***] of the outstanding common and preferred shares, on a fully diluted basis, of Licensee on the date of this Agreement, pursuant LTD. -7- _________________ to an agreed-agreed upon stock purchase agreement between Licensee and CaltechCaltech (the “Equity Interest”). A In the event that Licensee shall register its securities with the Securities and Exchange Commission under any form of Registration Statement, other than Form S-8 or S-4, then Caltech may require that its shares of common stock certificate representing the Shares shall be delivered to Caltech within [***] of the Effective DateLicensee also be registered in such Registration Statement.

Common Stock Grant. Licensee agrees to irrevocably issue to Caltech, in partial consideration of Licensee’s 's receipt of the licenses granted under this Agreement, 533,695 5,869,565 shares of common stock, representing 8% of the outstanding common stock of Licensee (the “Shares”), representing approximately [***] of the outstanding common and preferred shares, on a fully diluted basis, of Licensee on the date of this Agreement, pursuant to an agreed-agreed upon stock purchase agreement between Licensee and CaltechCaltech (the "Equity Interest"). A In the event that Licensee shall register its securities with the Securities and Exchange Commission under any form of Registration Statement, other than Form S-8 or S-4, then Caltech may require that its shares of common stock certificate representing the Shares shall be delivered to Caltech within [***] of the Effective DateLicensee also be registered in such Registration Statement.