Exclusivity Fees. In consideration for the exclusivity rights granted in [Section 2.1] Evelo will pay to Biose an “Exclusivity Fee” of ​ each year during the Term. The first Exclusivity Fee payment will be due within ​ of the Effective Date. The second and third Exclusivity Fee payments will be due within ​ of the first and second anniversaries of the Effective Date, respectively.

In the event of any termination of this Agreement by Evelo, Evelo shall have no obligation to pay any further Exclusivity Fees. In considerationFee pursuant to [Section 2.1] and in such case, Biose will reimburse Evelo for a pro rata portion of the Exclusivity Fee paid for the exclusivity rights granted inapplicable Agreement Year pursuant to [Section 2.1] Evelo will pay to Biose an “Exclusivity Fee” of ​ each year during the Term. The first Exclusivity Fee payment will be due within ​ of the Effective Date. The second and third Exclusivity Fee payments will be due within ​ of the first and second anniversaries of the Effective Date, respectively..