TRANSFER OF EQUITY AS CONSIDERATION Sample Clauses

TRANSFER OF EQUITY AS CONSIDERATION. OBSERVER RIGHTS [17] Not applicable; the University is not receiving equity in the Licensee and is not requesting observer rights. The University is not receiving equity in the Licensee, but Licensee hereby grants to the University the right to observe all meetings of its governing body and shall provide to University all materials delivered to its directors or governing body. The University is receiving equity in the Licensee. See Exhibit , which is attached and made part of this Agreement for Licensee’s obligations. [17]Can be negotiated, potentially instead of upfront or yearly fees in the case of startups or other companies which may not be able to pay an upfront fee.

TRANSFER OF EQUITY AS CONSIDERATION. OBSERVER RIGHTS (Delete if not applicable) In consideration for the rights grants in this Agreement, Licensee shall: issue to University  % of its Fully Diluted Shares, grant preemptive rights reasonably acceptable to the University. grant board observer rights reasonably acceptable to the University. A “Fully Diluted Share” is a fully paid-up and non-assessable, voting equity security issued by Licensee. The number of “Fully Diluted Shares” to be issued in consideration of the License Agreement is calculated as of the effective date of the License Agreement as follows: the total number of issued and outstanding Licensee voting equity securities, the total number of such securities that may be issued through the conversion of outstanding convertible securities or the exercise of outstanding options and warrants, plus the maximum number of such shares that have been reserved for issuance through an unallocated option pool (e.g., shares reserved for issuance to Licensee’s directors, employees or service providers).

TRANSFER OF EQUITY AS CONSIDERATION. OBSERVER RIGHTS (Delete if not applicable) In consideration for the rights grants in this Agreement, Licensee shall: (a) issue to University certain fully paid-up, non-assessable, voting membership interests in Licensee (“Shares”) in an amount equal to  % of all issued and outstanding membership interests, fully diluted, as of the Effective Date. (b) grant preemptive rights reasonably acceptable to the University. (c) grant board observer rights reasonably acceptable to the University. 11 LICENSEE’S ADDRESS FOR NOTICE Contact: Insert name of contact  Address: Insert Name of Licensee Insert Address Line 1 Insert address Line 2 Insert city, state, and zip code Phone   Email:   12 LICENSEE’S CONTACT FOR PATENT PROSECUTION CONSULTATION Contact: Insert name of contact  Address: Insert Name of Licensee Insert Address Line 1 Insert address Line 2 Insert city, state, and zip code Phone   Email:   13 LICENSEE’S CONTACT FOR BILLING AND FINANCE Contact: Insert name of contact  Address: Insert Name of Licensee Insert Address Line 1 Insert address Line 2 Insert city, state, and zip code Phone   Email: