Common use of Payment for License Clause in Contracts

Payment for License. (a) As consideration for the Transferred Protiva Rights, and in full satisfaction of the Protiva Purchase Price, the Licensee (i) issued to Protiva the Protiva Note, (ii) issued to Protiva one Class B Common share without par value in the capital stock of the Licensee as a fully paid and non-assessable share, and (iii) granted to Protiva the rights set out in Section 3.3.

Payment for License. (a) As consideration for the Transferred Protiva Rights, and in full satisfaction of the Protiva Purchase Price, the Licensee shall, on the Effective Date, (i) issued issue to Protiva the Protiva NoteNote (the principal amount of which shall be a one-time, non-refundable, non-creditable amount), (ii) issued allot and issue to Protiva one Class B Common share without par value in the capital stock of the Licensee as a fully paid and non-assessable share, and (iii) granted grant to Protiva the rights set out in Section 3.3.