Exclusive Options. Purchaser shall acquire the following exclusive options: a) 12 months: for a total of $25,000 ($5,000 per screenplay) commencing as of the date Purchaser receives a fully executed copy of this agreement.
Exclusive Options. The Insignia Option and WFA Option set forth in this Article 2 shall be the sole and exclusive remedies available to the parties hereto for the events described in Sections 1.1 and 1.3 hereof.
Exclusive Options. Subject to the terms and conditions of this Agreement, with respect to each Collaboration, RubrYc hereby grants to iBio an exclusive option to obtain the license set forth in Section 3.3 (Commercial Licenses) with respect to two (2) of the Lead Candidates resulting from such Collaboration, and the exclusive right to such two (2) selected Lead Candidates (which would be the Selected Compounds for such Collaboration) (for each Collaboration, the “Option”), exercisable by iBio up to ninety (90) days following the completion of Stage 4 of the applicable Collaboration (for such Collaboration, the “Option Evaluation Period”) of that Collaboration. iBio will exercise an Option, if at all, by delivering a written notice to RubrYc electing to exercise such Option at any time during the applicable Option Evaluation Period (the “Option Exercise Notice”) of that Collaboration. If iBio so delivers the Option Exercise Notice to exercise an Option, then iBio will pay to RubrYc the applicable Option Exercise Fee in accordance with Section 5.3 (Option Exercise Fee) (the date of payment of such Option Exercise Fee by iBio after or with the Option Exercise Notice for such Option is, for such Option the “Option Exercise Date”).
Exclusive Options
