Common use of GRANT OF MANUFACTURING RIGHTS Clause in Contracts

GRANT OF MANUFACTURING RIGHTS. (a) The grant of rights in this section only applies to the manufacture, use, and sale of Product for which the Customer has submitted a purchase order that has been accepted by Paramit. (b) If the Product, or any part thereof, is claimed by one or more patent(s) owned or controlled by Customer, Customer grants Paramit the limited right under such patent(s) to make, any Product ordered by Customer, only to the extent necessary for Paramit to perform its obligations to manufacture such Product under this Agreement. If the Product, or any part thereof, is protected by copyright held by Customer, Customer grants Paramit the limited, nonexclusive right under such copyright to reproduce the copyrighted work, to prepare derivative copies based on the copyrighted work, to distribute copies of the copyrighted work, and to perform or display the copyrighted work only to the extent necessary for Paramit to manufacture such Product ordered by Customer under this Agreement and to sell such Product to Customer. If the Product or any part thereof, is protected by trademark, trade secret, or other intellectual property rights, Customer grants Paramit the limited, nonexclusive right under such intellectual property right to make, the Product using such intellectual property rights only to the extent necessary for Paramit to manufacture such Product under this Agreement and to sell such Product to Customer. The grant of manufacturing rights will also extend to the right of Paramit to procure Materials of the Product that Paramit should order through sub-tier vendors, such as FAB, cable assemblies, sheet metals, plastics or other required custom Materials. (c) Customer represents and warrants that Customer has the right, power, and authority to grant such rights to Paramit.

GRANT OF MANUFACTURING RIGHTS. (a) The grant of rights in this section only applies to the manufacture, use, and sale of Product for which the Customer has submitted a purchase order that has been accepted by Paramit. Portions of this Exhibit, indicated by the xxxx “[***],” were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 406 of the Securities Act of 1933, as amended. (b) If the Product, or any part thereof, is claimed by one or more patent(s) owned or controlled by Customer, Customer grants Paramit the limited right under such patent(s) to make, any Product ordered by Customer, only to the extent necessary for Paramit to perform its obligations to manufacture such Product under this Agreement. If the Product, or any part thereof, is protected by copyright held by Customer, Customer grants Paramit the limited, nonexclusive right under such copyright to reproduce the copyrighted work, to prepare derivative copies based on the copyrighted work, to distribute copies of the copyrighted work, and to perform or display the copyrighted work only to the extent necessary for Paramit to manufacture such Product ordered by Customer under this Agreement and to sell such Product to Customer. If the Product or any part thereof, is protected by trademark, trade secret, or other intellectual property rights, Customer grants Paramit the limited, nonexclusive right under such intellectual property right to make, the Product using such intellectual property rights only to the extent necessary for Paramit to manufacture such Product under this Agreement and to sell such Product to Customer. The grant of manufacturing rights will also extend to the right of Paramit to procure Materials of the Product that Paramit should order through sub-tier vendors, such as FAB, cable assemblies, sheet metals, plastics or other required custom Materials. (c) Customer represents and warrants that Customer has the right, power, and authority to grant such rights to Paramit.

GRANT OF MANUFACTURING RIGHTS. (a) The grant of rights in this section only applies to the manufacture, use, and sale of Product product for which the which: (1) The Customer has submitted a purchase order that has been accepted by Paramit.Paramit or (b2) A third party has submitted a purchase order that has been accepted by Paramit at Customer’s written request. If the Productproduct, or any part thereof, is claimed protected by one or more patent(s) patent owned or and controlled by Customer, Customer grants Paramit the limited right under such patent(s) to make, use, and sell any Product ordered product protected by Customer, such a patent only to the extent necessary for Paramit to perform its obligations to manufacture such Product under this Agreement. If the Productproduct, or any part thereof, is protected by copyright held by Customercopyright, Customer grants Paramit the limited, nonexclusive right under such copyright to reproduce the copyrighted work, to prepare derivative copies based on the copyrighted work, to distribute copies of the copyrighted work, and to perform or display the copyrighted work only to the extent necessary for Paramit to manufacture such Product ordered by Customer perform its obligations under this Agreement and to sell such Product to CustomerAgreement. If the Product product or any part thereof, is protected by trademark, trade secret, or other intellectual property rights, Customer grants Paramit the limited, nonexclusive right under such intellectual property right to make, the Product using use, and sell product that uses such intellectual property rights only to the extent necessary for Paramit to manufacture such Product perform its obligations under this Agreement and to sell such Product to CustomerAgreement. The grant of manufacturing rights will also extend to the right of Paramit to procure Materials parts or components of the Product product that Paramit should order through sub-tier vendors, such as FAB, cable assemblies, sheet metals, plastics or and other required custom Materialsparts. (b) If Customer fails to pay Paramit as required by this agreement and Paramit is holding inventory of product, Paramit may use the rights granted in this section to complete work in process and to sell product to third parties. (c) Customer represents and warrants that Customer has the right, power, and authority to grant such rights to Paramit.