Common use of Initial License Fee Clause in Contracts

Initial License Fee. Upon the Closing Date, MIKN shall pay HOC ------------------- an initial license fee ("Initial License Fee") of [ ] payable in ------------------- unregistered MIKN Shares. The share price for determining the number of MIKN Shares deliverable to HOC shall be the Initial Market Price.

Appears in 3 contracts

Sources: Master Development and Purchase Agreement (Mikohn Gaming Corp), Master Development and Purchase Agreement (Mikohn Gaming Corp), Master Development and Purchase Agreement (Mikohn Gaming Corp)