Extract to table

Indication: The initial therapeutic indication for development and commercialization under the Definitive Agreement shall be moderate-to-severe atopic dermatitis in adult patients

The license shall include the right to grant sublicenses within the Territory, subject to the conditions and limitations described in Section 14 below

Upon satisfaction of all Closing conditions, the Escrow Agent shall release the escrowed funds to Penterra in accordance with the terms of the Escrow Agreement described in Section 26 below

If the Closing does not occur by the outside date to be agreed in the Definitive Agreement, the escrowed funds shall be returned to Meridian, less any Escrow Agent fees attributable to Meridian's share

For the avoidance of doubt, if the same milestone event is achieved by more than one Licensed Product or in more than one indication, no additional development milestone payment shall be due with respect to the subsequent achievement of such milestone event

Meridian shall promptly notify Penterra of the achievement of each milestone event, and in no event later than fifteen (15) business days following such achievement