Additional Territory. At the end of the three (3) year period described in SUBSECTION 2.4(A) ("EXCLUSIVITY"), SSI shall be entitled to add such countries and regions in which SSI has established a significant commercial presence (with respect to the processing and/or extraction of sulfur and sulfur derivative materials from mine waste or other feed stock pursuant to this Agreement) to the Authorized Territory as SSI may wish upon written notice to DDS given no later than sixty (60) days after the end of such three (3) year period, subject, however, to all of the terms and conditions set forth in this Agreement. The parties understand and agree that thereafter the provisions of SUBSECTION 2.4(A) ("EXCLUSIVITY") shall no longer apply outside the Authorized Territory as such Authorized Territory may have been added to as hereinabove provided, but that the obligation of DDS to pay New Country Fees to SSI as described in SUBSECTION 6.2 ("PAYMENT") shall apply. The addition of such countries and regions by SSI shall be at no additional cost to SSI but shall be subject to the Royalty obligations set forth herein.
Appears in 1 contract
Sources: Exclusive License Agreement (DDS Technologies Usa Inc)
Additional Territory. At the end of the three (3) year period described in SUBSECTION Subsection 2.4(A) ("EXCLUSIVITY"“Exclusivity”), SSI ▇▇▇▇▇ shall be entitled to add such countries and regions in which SSI ▇▇▇▇▇ has established a significant commercial presence (with respect to the processing and/or extraction of sulfur metals and sulfur derivative other materials from mining, mine waste waste, tailings or other feed stock pursuant to this Agreement) to the Authorized Territory as SSI ▇▇▇▇▇ may wish upon written notice to DDS given no later than sixty (60) days after the end of such three (3) year period, subject, however, to all of the terms and conditions set forth in this Agreement. The parties understand and agree that thereafter the provisions of SUBSECTION Subsection 2.4(A) ("EXCLUSIVITY"“Exclusivity”) shall no longer apply outside the Authorized Territory as such Authorized Territory may have been added to as hereinabove provided, but that the obligation of DDS ▇▇▇▇▇ to pay New Country Fees to SSI DDS as described in SUBSECTION Subsection 6.2 ("PAYMENT"“Payment”) shall apply. The addition of such countries and regions by SSI ▇▇▇▇▇ shall be at no additional cost to SSI ▇▇▇▇▇ but shall also be subject to the Royalty obligations set forth herein.
Appears in 1 contract
Sources: Exclusive License Agreement (DDS Technologies Usa Inc)