License Grant. Subject to the terms and conditions of this Agreement, including [Section 8.3, FWB] hereby grants to AzurRx an exclusive (even as to FWB and its Affiliates), non-transferable (except as permitted under [Section 16.2]), sublicensable through multiple tiers (solely in accordance with Section 8.1.2) license under: # the FWB Background IP, # FWB’s rights to any Program IP, and # any other intellectual property Controlled by FWB as of the Effective Date or at any time during the Term and necessary or reasonably useful to Exploit the Existing Product (collectively the “Licensed IP”), in each case ((i) - (iii)), to Develop and have Developed, make, have made, use, sell, have sold, import, export and Exploit the Product in the Field in the Territory.

License Grant. Subject to the terms and conditions of this Agreement, including Section 8.3, AzurRx hereby grants to FWB a worldwide, non-exclusive, royalty-free, perpetual, irrevocable license under the Program IP and any other intellectual property owned by AzurRx and incorporated into the Product for the Exploitation of such Product during the Term, solely for use outside the Field in the Territory, and if this Agreement is terminated rather than expires, then such license shall be for the Exploitation of the Product both inside and outside the Field, in the Territory.