Common use of Technology Access Fee Clause in Contracts

Technology Access Fee. In partial consideration for Synthetic’s appointment as an exclusive channel collaborator in the Field and the other rights granted to Synthetic hereunder, within ten days after receipt of approval from the NYSE Amex for the listing of the equity referred to below (including any extension should the NYSE Amex require shareholder approval of such issuance) but in no event later than one hundred twenty (120) days after the Effective Date, Synthetic shall issue to Intrexon certain equity interests in Synthetic, in accordance with the terms and conditions of that certain Equity Purchase Agreement and Registration Rights Agreement, each of even date herewith (collectively, the “Equity Agreements”). Provided that all closing conditions for the Technology Access Fee Shares (as defined in the Equity Agreements) that are within the reasonable control of Intrexon have been satisfied or waived, the issuance of the Technology Access Fee Shares (as set forth in the Equity Agreements) is a condition subsequent to the effectiveness of this Agreement.