Royalty Agreement. In partial consideration for the sale by Seller of the Purchased Assets to Buyer, at the Closing, Buyer shall enter into a Royalty Agreement (“Seller Royalty”) with Seller in the form attached as Exhibit “D” to this Agreement providing for payment of one and a half percent (1.5%) of the adjusted gross revenue collected by Buyer on the terms and conditions set forth therein.
Appears in 2 contracts
Samples: Intellectual Property Purchase Agreement (Enigma-Bulwark, LTD), Intellectual Property Purchase Agreement (Enigma-Bulwark, LTD)
Royalty Agreement. In partial consideration for the sale by Seller of the Purchased Assets to Buyer, at the Closing, Buyer shall enter into a Royalty Agreement (“Seller Royalty”) with Seller in the form attached as Exhibit “D” to this Agreement providing for payment of one and a half three percent (1.53%) of the adjusted gross revenue collected by Buyer and Parallax Buyer on the terms and conditions set forth therein.
Appears in 1 contract
Samples: Intellectual Property Purchase Agreement (Parallax Health Sciences, Inc.)
Royalty Agreement. In partial consideration for the sale by Seller of the Purchased Assets to Buyer, at the Closing, Buyer shall enter into a Royalty Agreement with Seller (“Seller RoyaltyRoyalty Agreement”) with Seller ), in the form attached herewith as Exhibit “D” to this Agreement D providing for payment to the Seller by the Buyer of one two and a one-half percent (1.52.5%) of the adjusted gross revenue collected by Buyer Adjusted Gross Revenues generated from the Purchased Assets on the terms and conditions set forth therein.
Appears in 1 contract
Samples: Intellectual Property Purchase Agreement (Parallax Health Sciences, Inc.)
