Common use of Joinder to License Agreements Clause in Contracts

Joinder to License Agreements. On the Initial Closing Date, (A) either (I) the Company shall cause the Brazilian Subsidiary to enter into a joinder to the ADS License Agreement whereby the Brazilian Subsidiary becomes a licensee under the ADS License Agreement or (II) ADS Parent and the Brazilian Subsidiary shall enter into a license agreement substantially in the form of the ADS License Agreement (with appropriate adjustments, including to licensing fee amounts thereunder, mutually approved by ADS and Tigre) and (B) either (I) the Company shall cause the Brazilian Subsidiary to enter into a joinder to the Tigre License Agreement whereby the Brazilian Subsidiary becomes a licensee under the Tigre License Agreement or (II) Tigre Parent and the Brazilian Subsidiary shall enter into a license agreement substantially in the form of the Tigre License Agreement (with appropriate adjustments, including to licensing fee amounts thereunder, mutually approved by ADS and Tigre).

Joinder to License Agreements. On the Initial Colombia Closing Date, (A) either (I) the Company shall cause the Brazilian Colombian Subsidiary to enter into a joinder to the ADS License Agreement whereby the Brazilian Colombian Subsidiary becomes a licensee under the ADS License Agreement or (II) ADS Parent and the Brazilian Colombian Subsidiary shall enter into a license agreement substantially in the form of the ADS License Agreement (with appropriate adjustments, including to licensing fee amounts thereunder, mutually approved by ADS and Tigre) and (B) either (I) the Company shall cause the Brazilian Colombian Subsidiary to enter into a joinder to the Tigre License Agreement whereby the Brazilian Colombian Subsidiary becomes a licensee under the Tigre License Agreement or (II) Tigre Parent and the Brazilian Colombian Subsidiary shall enter into a license agreement substantially in the form of the Tigre License Agreement (with appropriate adjustments, including to licensing fee amounts thereunder, mutually approved by ADS and Tigre).

Joinder to License Agreements. On the Initial Closing Date, (A) either (I) the Company shall cause the Brazilian Chilean Subsidiary to enter into a joinder to the ADS License Agreement whereby the Brazilian Chilean Subsidiary becomes a licensee under the ADS License Agreement or (II) ADS Parent and the Brazilian Chilean Subsidiary shall enter into a license agreement substantially in the form of the ADS License Agreement (with appropriate adjustments, including to licensing fee amounts thereunder, mutually approved by ADS and Tigre) and (B) either (I) the Company shall cause the Brazilian Chilean Subsidiary to enter into a joinder to the Tigre License Agreement whereby the Brazilian Chilean Subsidiary becomes a licensee under the Tigre License Agreement or (II) Tigre Parent and the Brazilian Chilean Subsidiary shall enter into a license agreement substantially in the form of the Tigre License Agreement (with appropriate adjustments, including to licensing fee amounts thereunder, mutually approved by ADS and Tigre).

Joinder to License Agreements. On the Initial Argentina Closing Date, (A) either (I) the Company shall cause the Brazilian Argentine Subsidiary to enter into a joinder to the ADS License Agreement whereby the Brazilian Argentine Subsidiary becomes a licensee under the ADS License Agreement or (II) ADS Parent and the Brazilian Argentine Subsidiary shall enter into a license agreement substantially in the form of the ADS License Agreement (with appropriate adjustments, including to licensing fee amounts thereunder, mutually approved by ADS and Tigre) and (B) either (I) the Company shall cause the Brazilian Argentine Subsidiary to enter into a joinder to the Tigre License Agreement whereby the Brazilian Argentine Subsidiary becomes a licensee under the Tigre License Agreement or (II) Tigre Parent and the Brazilian Argentine Subsidiary shall cause Tigre Parent to enter into a license agreement substantially in the form of the Tigre License Agreement (with appropriate adjustments, including to licensing fee amounts thereunder, mutually approved by ADS and Tigre).