Common use of Amount and Timing of Payment Clause in Contracts

Amount and Timing of Payment. The Shares are being issued hereunder pursuant to that certain Material Supply Agreement effective as of November 2, 2009, by and between Subscriber and the Company as consideration for certain development work performed by Subscriber. Pursuant to said Material Supply Agreement, the Shares are being issued at a per share price of $[*]. No payment or further consideration is due from Subscriber for issuance of the Shares.