Common use of Milestone Date Clause in Contracts

Milestone Date. (In Thousands) --------------------------------------------------------------------------------------------------------------------------- [*] Fourth Qtr/98 [*] FDA approval of pre-phototherapy claim --------------------------------------------------------------------------------------------------------------------------- [*] TBA [*] [*] --------------------------------------------------------------------------------------------------------------------------- [*] TBA [*] Acceptance by RIGA of quantities delivered pursuant to first purchase order pre-phototherapy claim --------------------------------------------------------------------------------------------------------------------------- [*] TBA [*] Acceptance by RIGA of quantities delivered pursuant to first purchase order [*] --------------------------------------------------------------------------------------------------------------------------- [*] TBA [*] First anniversary of acceptance of first purchase order quantities pre-phototherapy claim delivered by SpectRx --------------------------------------------------------------------------------------------------------------------------- [*] TBA [*] First anniversary of acceptance of first purchase order quantities [*] delivered by SpectRx --------------------------------------------------------------------------------------------------------------------------- ----------------------- (1) Payment due at time of milestone completion