Common use of Equity Rights Clause in Contracts

Equity Rights. As further consideration for the grant of the license rights set forth in this Agreement, Licensee hereby agrees to issue and sell to University, on the price and terms, for the number and type of equity securities of Licensee, and rights to acquire equity securities of Licensee, and with such other related rights, preferences and privileges with respect to such equity securities, all as set forth on Schedule 3.