Common use of Exercise of Option to Add Regions to Exclusive License Clause in Contracts

Exercise of Option to Add Regions to Exclusive License. If Guidant obtains exclusive licenses under Subsection 2(a)(ii) above to each of the Key Countries in the European /Middle East Region then Guidant shall pay to CVD the amount of [*]Dollars ($[*]) within ten (10) business days after the date on which Guidant's exclusive license to each of the Key Countries becomes effective. If Guidant obtains an exclusive license under Subsection 2(a)(ii) above to the Key Country for the Asia Pacific Region, then Guidant shall pay to CVD the amount of [*] Dollars ($[*]) within ten (10) business days after the date on which Guidant's exclusive license to such Key Country becomes effective.