Common use of Milestone 3 Clause in Contracts

Milestone 3. As regards profits deriving from the technological development performed by THE COMPANY after the first field trial of the crop of commercial interest has ended, *** % of the profits correspond to the COMPANY and the remaining ***% to CONICET and UNL in equal shares, that is to say, a ***% for CONICET and ***% for UNL. The Parties agree that the percentages of their share in the Gross Profits are determined in each case according to the Milestone in which the crop is at the moment in which each new profit is accrued. Thereby, the share percentage in each crop will vary as THE COMPANY contributes with the technological development and the corresponding Millstones. THE COMPANY may request from CONICET and UNL the execution of additional activities that promote the development of the New Technology and the corresponding Milestones, and in those cases it must measure and agree on an additional participation in the Gross Profits or another compensation beforehand with CONICET and /or UNL, according to the scope and importance of the contributions made, in accordance with the SECOND provision. Also, the Parties state that with respect to the implementation of the New Technology in soybean, corn and wheat they are in Milestone 3. However, THE COMPANY will remunerate with an additional ***% added to the benefit set forth in Milestone 3 in the soybean, corn and wheat crops for CONICET and UNL ***% each) for the contributions made to the moment for the development of the technology. Notwithstanding the provisions of this article, both CONICET and UNL shall acknowledge, according to their internal regulations, the right of the intervening teachers and researchers to have a share of profits. THE COMPANY shall not be held liable, in any case, for the payment of royalties or any other kind of compensation to the intervening teachers or researchers with regard to the profits earned from the commercialization or exploitation of the New Technology or Patent Applications.

Milestone 3. As regards profits deriving from the technological development performed by THE COMPANY after the first field trial of the crop of commercial interest has ended, *** *% of the profits correspond to the COMPANY and the remaining ***% to CONICET toCONICET and UNL in equal shares, that is to say, a ***% for CONICET and ***% for UNL. The Parties agree that the percentages of their share in the Gross Profits are determined in each case according to the Milestone in which the crop is at the moment in which each new profit is accrued. Thereby, the share percentage in each crop will vary as THE COMPANY contributes with the technological development and the corresponding Millstones. THE COMPANY may request from CONICET and UNL the execution of additional activities that promote the development of the New Technology and the corresponding Milestones, and in those cases it must measure and agree on an additional participation in the Gross Profits or another compensation beforehand with CONICET and /or UNL, according to the scope and importance of the contributions made, in accordance with the SECOND provision. Also, the Parties state that with respect to the implementation of the New Technology in soybean, corn and wheat they are in Milestone 3. However, THE COMPANY will remunerate with an additional ***% added to the benefit set forth in Milestone 3 in the soybean, corn and wheat crops for CONICET and UNL ***% each) for the contributions made to the moment for the development of the technology. Notwithstanding the provisions of this article, both CONICET and UNL shall acknowledge, according to their internal regulations, the right of the intervening teachers and researchers to have a share of profits. THE COMPANY shall not be held liable, in any case, for the payment of royalties or any other kind of compensation to the intervening teachers or researchers with regard to the profits earned from the commercialization or exploitation of the New Technology or Patent Applications.