Common use of Non-Sublicensing Transaction Revenues Clause in Contracts

Non-Sublicensing Transaction Revenues. 4.3.1 If the Conversion Date occurs prior to the initial public offering of Licensee’s securities, then on the Conversion Date, subject to TSRI’s execution of a reasonable stock issuance agreement and, to the extent requested by Licensee, TSRI’s execution of any voting agreement among Licensee and holders of Preferred Stock, Licensee shall issue to TSRI that number of shares of the most recently issued series of Licensee’s Preferred Stock determined by […***…]; provided, however, that immediately after such issuance, TSRI’s and its Assignee’s(s’) collective equity ownership interest in Licensee (including the shares issued to TSRI on the Conversion Date, all shares previously issued to TSRI pursuant to Section 3.2, and all Equity Securities purchased by TSRI and/or its Assignee pursuant to Section 3.2.4) shall not exceed […***…]% of the Outstanding Shares (as defined in Section 3.2)

Non-Sublicensing Transaction Revenues. 4.3.1 If the Conversion Date occurs prior to the initial public offering of Licensee’s securities, then on On the Conversion Date, subject to TSRI’s execution of a reasonable stock issuance agreement and, to the extent requested by Licensee, TSRI’s execution of any voting ***Confidential Treatment Requested agreement among Licensee and holders of Licensee’s preferred stock (“Preferred Stock”), Licensee shall issue to TSRI that number of shares of the most recently issued series of Licensee’s Preferred Stock determined by […***…]; provided, however, that immediately after such issuance, TSRI’s and its Assignee’s(s’) collective equity ownership interest in Licensee (including the shares issued to TSRI on the Conversion Date, all shares previously issued to TSRI pursuant to Section 3.2, and all Equity Securities purchased by TSRI and/or its Assignee pursuant to Section 3.2.4) ), on a fully-diluted, as-converted basis, shall not exceed […***…]% of the Outstanding Shares (as defined in Section 3.2)%.