Common use of SUBLICENSING RIGHTS AND RESTRICTIONS Clause in Contracts

SUBLICENSING RIGHTS AND RESTRICTIONS. Licensee will have the right to sublicense any of the rights granted to Licensee hereunder, except that Licensee will not have the right to assign, transfer or sublicense any rights under the LSU Licensed Patents or the Supplemental Patent Rights without the express prior approval of LSU, such approval not to be unreasonably withheld. Notwithstanding the foregoing, no prior approval from LSU will be required: (i) to sell Licensed Nutritional Products to arms-length purchasers (e.g. distributors or farmers), even where such a sale is accompanied by an express or implied sublicense under one or more of the LSU Licensed Patents or Supplemental Patent Rights regarding the commercial use of such Licensed Nutritional Product for non-developmental purposes (ii) to sublicense an Affiliate of Licensee in accordance with Paragraph 5 of this Article II; or (iii) to license a third party under one or more LSU-approved standard-form sublicenses (the "Standard-Form Sublicenses"). Attached as Schedule D is a Standard-Form Sublicense which has been approved by LSU.

SUBLICENSING RIGHTS AND RESTRICTIONS. Licensee will have the right to sublicense any of the rights granted to Licensee hereunder, except that Licensee will not have the right to assign, transfer or sublicense any rights under the LSU Licensed Patents or the Supplemental Patent Rights without the express prior approval of LSU, such approval not to be unreasonably withheld. Notwithstanding the foregoing, no prior approval from LSU will be required: (i) to sell Licensed Nutritional Products to arms-length purchasers (e.g. distributors or farmers), even where such a sale is accompanied by an express or implied sublicense under one or of more of the LSU Licensed Patents or Supplemental Patent Rights regarding the commercial use of such Licensed Nutritional Product for non-developmental purposes (ii) to sublicense an Affiliate of Licensee in accordance with Paragraph 5 7 of this Article II; or (iii) to license a third party under one or more LSU-approved standard-form sublicenses (the "Standard-Form Sublicenses"). Attached as Schedule D is a Standard-Form Sublicense which has been approved by LSU.