Final Royalty

Final Royalty. Shall mean an ongoing royalty payable after the Phase II Acceptance Date equal to four percent (4%) of the gross revenue generated 2 3 through all sales of ADLABS' technical processing services and products utilizing the SUMMUS Technology or the ADLABS Improvements, either by ADLABS or by or through its Affiliated Entities, provided that from and after the date that SUMMUS acquires the Phase II Warrant Shares (as defined in the Stock Warrant Agreement)... under the Stock Warrant Agreement, the Final Royalty shall be two percent (2%) of the gross revenue generated through all sales of ADLABS' technical processing services and products utilizing the SUMMUS Technology or the ADLABS Improvements, either by ADLABS or by or through its Affiliated Entities. View More