Common use of FUNDING OF DEVELOPMENT Clause in Contracts

FUNDING OF DEVELOPMENT. 3.1 Funding under the Joint Cooperative Program shall be paid for by JJMI and SHP. SHP will pay for all of SHP's internal costs relating to facilities, clerical and administrative. SHP shall also pay for all U.S. patent filing, prosecution and maintenance costs relating to patents and patent applications which result from the Joint Cooperative Program. JJMI shall pay for the estimated costs summarized in the attached Exhibit C. 3.2 JJMI will separately fund expenditures on Capital Equipment related to development of two Referenced ** Products pursuant to the estimated amounts set forth in attached Exhibit C. Any amount in excess of such estimates in Exhibit C shall be paid by the parties as they agree in advance. ("Capital Equipment" shall mean product machinery, molds, fixtures (including, semi-automated and automated equipment costs) and material for prototypes.) JJMI will own the Capital Equipment including product machinery, molds, fixtures, prototypes, etc. regardless of the physical location and may at any time request possession of such Capital Equipment. Upon a request by JJMI, SHP will make available to JJMI all Capital Equipment within five (5) days of written notice.

FUNDING OF DEVELOPMENT. 3.1 Funding under the Joint Cooperative Program shall be paid for by JJMI and SHP. SHP will pay for all of SHP's internal costs relating to facilities, clerical and administrative. SHP shall also pay for all U.S. patent filing, prosecution and maintenance costs relating to patents and patent applications which result from the Joint Cooperative Program. JJMI shall pay for the estimated costs summarized in the attached Exhibit C. 3.2 JJMI will separately fund expenditures on Capital Equipment related to development of two Referenced ** BCN Products pursuant to the estimated amounts set forth in attached Exhibit C. Any amount in excess of such estimates in Exhibit C shall be paid by the parties as they agree in advance. ("Capital Equipment" shall mean product machinery, molds, fixtures (including, semi-automated and automated equipment costs) and material for prototypes.) JJMI will own the Capital Equipment including product machinery, molds, fixtures, prototypes, etc. regardless of the physical location and may at any time request possession of such Capital Equipment. Upon a request by JJMI, SHP will make available to JJMI all Capital Equipment within five (5) days of written notice.