Common use of Licensed Product and Territory Clause in Contracts

Licensed Product and Territory. “Licensed Product” means any type of tissue culture plantlets or mini-tubers, pre-nuclear, nuclear, first field generations, and later generations of seed potatoes of the following variety(ies) selected from among those listed in Exhibits A and B (attached hereto) (“PVMI Varieties”), to be grown solely in the territory(ies) indicated below (the “Territory”): Variety Designation Territory (select and identify specific states/country, as applicable) Outside U.S. [US$250 Annual License Fee] [US$1.00/cwt royalty rate - US$2.00/cwt royalty rate for specialty varieties]

Licensed Product and Territory. “Licensed Product” means any type of tissue culture plantlets or mini-tubers, pre-nuclear, nuclear, first field generations, and later generations of seed potatoes of the following variety(ies) selected from among those listed in Exhibits A and B (attached hereto) (“PVMI Varieties”), to be grown solely in the territory(ies) indicated below (the “Territory”): Variety Designation Territory (select and identify specific states/countryprovince(s), as applicable) Outside U.S. [US$250 Annual License Fee] [US$1.00/cwt royalty rate - US$2.00/cwt royalty rate for specialty varieties]